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Show JUDGE MUG HAS CREDITABLE REPORT Details of Operation in 1918 Are Set Out in Official Of-ficial Statement. The 1918 report of the Juoge Mining & Smelling company, operating ir. the Park City district, is now in the hands of the printers and will bo mailed to stockholders stock-holders this week. The document, signed by President and General Manager G. Q. lambourne, is evidence of the highly creditable cred-itable showing made by tho company in face of unusual and unforeseen difficulties. difficul-ties. In spite of the high cost of labor and the inability during a great portion of the year to obtain a required force ' of skilled workmen, and in spite of the greatly great-ly augmented cost of mine materials ana supplies, the company paid its four regular reg-ular dividends of J31,: cents per share on the 480,000 shares of the stock outstanding, outstand-ing, malting a disbursement of 5240,000 in the year While not embodied in the lPiS report, it is generally known, in accordance with official announcement published during the last ten days, that the Judge company com-pany will disburse another $60,000 April 1, this being tho dividend for the quarter ending March 31 Features of Cheer. After making brief mention of the factors fac-tors of discouragement during the year, Manager Ivimbourne says: "Yet against this discouragement has been the showing show-ing in tho ore bodies throughout the mine, which cortinued in and aro at present in an assuring and splendid condition for futuro extraction "The products from the concentrating mill, and the output of crude or smelting grade ore from -the mine compare with the year 1917 as follows: Lead concentrates concen-trates were reduced 5030 tons; zinc concentrates, con-centrates, S90 tons, a total of 5926 tons. The smelting grade ore was Increased 23S6 tons The output of smelting grade ore shows an increase in two years of 131 per cent. The falling off in the production pro-duction of concentrates was not due to mine conditions, as a large tonnage of ore was at all times available, but entirely en-tirely to the adverse conditions already stated under which operations were carried car-ried on. 'The metal contents of the 19.176 tons of ore sold were: bilver, 50S.434 ounces; gold. 4S9.07 ouncesp lead, 7,931,566 pounds; copper, -71,0o6 pounds, which compare favorably ith the metal contents of 19,-909 19,-909 tons sold in 1917. "Receipts from all sources were $1,090,-343.12, $1,090,-343.12, against expenditures of $1, 152, 001. 56, including the dividend of $240,000, Hhowing a reduction during the year of $61,656.44 In our cash balance. In this connection, however, attention is called to one million mil-lion six hundred and two thousand pounds of high-grade spelter, approximately one thousand tons of zino concpntratea and twelve hundred tons of residues on hand or in transit to market at the close of our fiscal year. Zinz Plant Changes. John T. Ellsworth, superintendent of the Judge company's zinc plant, calls attention at-tention In bis report to the fact that "inability to secure necessary chemicals for purification of solulions mad It necessary nec-essary to carry on prolonged experimentation experimenta-tion to find substitutes. This has now le.'n done and operation will be practically practical-ly frne from the chemical murkot. "Provision was made for grinding of concentrates, which will increase plant le-covory le-covory of r.inc by practically eliminating the l.-fge percentage of tand product which has represented a considerable percentage per-centage of zinc treated; the coarse material mate-rial not being capable of receiving a proper prop-er roast and therefore unattacked by acid and a complete loss. "The plant is now producing spelter of highest purity, and, while some improvements improve-ments are still necessary, they are chiefly mechanical and a consistent and gradually increasing production may now be expected." ex-pected." Output From Mine. O. K. Friendly, general superintendent, submits a detailed report of mine deel-opment, deel-opment, showing totals of 3223.4 feet in drifts and crosscuts and 2537.5 feet in raises. The net weight of the mill ore mined is 47,835 tons, and of shipping ore mined, 10,271 tons. Speaking of the mill development, the superintendent says: "A number of Important replacements have been made In the concentrator and some minor changes made in the flow sheet for the purpose of obtaining a maximum max-imum recovery of metal. In line with the general 'safety first' policy of the company, com-pany, the entire mill has been carefully gone over and every possible safeguard against accident provided. The plant is now exceptionally well equipped in this respect. "The statement of mill operation is as follows: Tons of ore treated (dry weight). 40,622; tons of lead concentrates produced (dry weight), 6700; tons of zinc concentrates concen-trates produced (dry weight), 45SO; ratio of concentration for lead concentrates, 6.06 to 1; latio of concentration for combined com-bined lead and zinc concentrates, 3.60 to 1; number of eight-hour shifts operated, 351; averago capacity per twenty-four hours (tons), 404." Reduction in Surplus. The report of the secretary and treasurer treas-urer shows a balance on hand January Xi 1918, of ?123,S39; crude ores sold for $335,-244; $335,-244; lead concentrates for $366,157; the zinc plant yielded ?;.e0,240, of which $261,61 were derived from spelter. The tnterest and sundry receipts amounted to $28,700, making total receipts of $1,244,181. Expenditures Ex-penditures show disbursements of $262,-943 $262,-943 on mine account, $76,378 on mill account, ac-count, $324,687 on zinc reduction plant account, $146,302 for prospecting exploratory explora-tory and dead work, $41,460 for ore expense, ex-pense, $12,000 for drainage and $13,183 for general expense. Other minor items and the dividend bring the surplus at the beginning of 1919 $72,180. |