Salt Lake Tribune | 1913-06-15 | Page 32 | How the Ojibway Stands Financially

HOW THE OJIBWAY STANDS FINANCIALLY The report received a few days ago to the effect that the OJlbway officials had decided upon a temporary suspension of operations, which was followed by a substantial sub-stantial market loss In the stock, has attracted at-tracted considerable attention to this Michigan proposition, which, at one timo, was considered an attractive lssuo mar-ketwlse. mar-ketwlse. The annual report of the company com-pany for tho year ending Decemher 31, 1912, showed the following financial condition: con-dition: Assets. Mining proportr t r,910.2? Account recolv.iblo 0.123.03 Cash S5.r,SS.lR Supplies at mine 12.7IS.17 Dovol.. enns.. etc 6S1.J51.6I ' Liabilities. Capitol ntock ........Ji.MO.OOO.OO Accounts payablo 8,503. 25 Total tl.369.S08.2S 91.203.S03.S3 Current acaots and llnblllllea follow: Assets. Accounts receivable $ 80,12c. 02 CaBh 35.5SC.1S Supplies at mino 12,725.17 S 128, U( 37 Liabilities. Accounts payable S, 03. 215 Assets In excess of liabilities $ 115,623.03