Show MINING THE TE QUOTATIONS NEWS CAMPS 4 FROM AND AD ALL ON STOCKS WITH WT FROM PRICES THE TE FLASHED FL LEADING LEING LATEST HED MARKET S I J RAY CONSOLIDATED EARNED IN INS INi S i MONT MONTII Of fEBRUARY t February net profits o of tl th thA RI Ray Co Con Con- Copp Copper r company sere ere re Production for tor the mouth month moth totaled pounds comparing with pounds for January There Thero were treated during the month tons o of ore the average grade Jae o of which ranged from per cent copper to I. I per cent From now on on however the average run of or ore treated will steadily stead stead- U a the of tIe tho thomine ily increase until average n has has been mine 1 per cent copp has copper reached Morn More th than v n 50 O per cent o of the out outstanding stand out hind hind- ing Ray R Central shares have hae been de deposited de- de posited for or exchange Into fla I Ray Consolidated Consoli dated on the basis basia of or eight for tor one At the end o of the thc year ear car Ray Consolidated had hd r represented In copper r In transit This was figured at 13 cents for or the Lle metal metal There was waa wa carried forward forward for for- orward or- or ward Into the new year approximately pounds The company has ha sold MId practically all al o of its Is March copper a very ery large percentage of nf HR Its April Apri and a fair proportion o of its May Ja output output The he December 31 1 balance balanCe sheet Aho shows v that on that day da Ray flay Ra Consolidated had v cash in banks hanks amounting to 5 S1 while cash cah assets totaled 13 Ra flay Raj- Central Central Cen Cen- has since been acquired On February February ary 27 i. i 1512 1912 the tho latter corporation had 1 lash cash of or Up tip to the tho end o of last December Ray flay Ry Consolidated had spent on plant and property prop prop- ert erty development y The property itself was as carried then at Ra Ray Central expenditures in this direction amounted to up UI to the end of February while hUe property was wa-s wa carried at The rhe next balance bAlance sheet theet ofRa ofRay of ofRay Ra Ray will probably reveal changes change changes on these Heirs lel's to account for fol or the Rs Ray flay C Central ex e- e ex- ex The Ray flay Consolidated balance sheet as aso asor o of or December R 31 U. 1911 shows assets as a folIo follows follows fol fol- fol- fol Io lows Property expenditures additions construction equipment and de development do- do deferred char charges to future income cash cah In banks equity in copper In transit transi 16 6 supplies accounts rocel abl receivable 1643 64 treasury stock outside e In Investments tn- tn vestments vestment total tota Liabilities Capital stock tock 1991 O first mortgage bonds accounts account payable ablE bills bis payable fa deferred freight and tl treatment ht liabilities 7 W surplus from sale o of la lUM A ties undivided ed profits total |