OCR Text |
Show SIX COHSOLIDATED OUT ITU STATEMEMT Extensive Ore Deposits Opened lip as Result of Development Develop-ment Work. The management and directors of the Sioux Consolidated Mining company have mailed to tho stockholders of tho corporation corpor-ation a statement covering tho financial condition of the company, and tho work accomplished during the past year at the mine. The report shows that ore sales for the year amounted to SGSri.-JSLVJO. tho receipts re-ceipts of the company. The dividend disbursements dis-bursements amounted to oGG.lOo.GI, and the total expenditures, covering operating operat-ing expenses, etc.. amounted to $741.-S3-I.01. Thcro was cash on hand in the treasury on the 11 rat of tho year to the extent of $8105. GS. and tho returns from shipments, which havo been heavy, slnco that time, have Increased tho amount on hand to dale to $03,457.30. Mine Work. In tho mine considerable development work, attended with very favorable results, re-sults, has been accomplished. On the 100-foot level. 910 feet of drifting has been done, together with 1G0 feet of raises. On tho 450-foot level there has boon accomplished 682 fect of drifting and 22U fect of raising. At present. It Is stated, practically all of tho workings on these levels are in pay ore. On tho 200-foot level, a drift ha3 been sent to the west for a distance of GOO fect, with also 130 feet of crosscuttlng, but though tho object of this work was the opening up of new oro deposits, the management has so far been unsuccessful unsuccess-ful in its search at this particular point |