Show MASON VAllEY IS I I EARNING B 4 I A MONTH J iJ J Shareholders of ot the Mas Mason n Valley Valle Mines u cs company feel leel considerably disappointed disappointed pointed over tim tho net earnings of or the comp company com corn p pany n as Z shown b by the eighth quarterly just released It covers the operations op op- oP- oP for tor the last quarter of or 1813 and shows hows that t the c net earnings of r the tho company com corn I Van pany only amounted to or at the lat late of ot S 2 a 0 month On an all Investment investment invest Invest- ment of or several million dollars this is fi certainly a small return on a 0 propoSition proposition proposition tion that has been equipped ld with all nil lato mining appliances has an n up UT to date smelting and Is Js provided with a n nJ J I a II road Mason Iason Valley Valloy Mines lInes carries a Rood good OO av- av I grade grada of or copper ore raId gald to show how 1 I per cent or better copper contents It J b h. h a product that requires s a ti mixture with other uther or ores In order that the smelting charge harge will not nol be too hl h. h and In the J 8 absence of or the tho custom product that is required the management claims that It has been Impossible during the past year Mr to mine and treat th the tonnage the mine minel l H li In shape to produce In Iii addition to Its production being light Us Its t rests costs have hove b been cn high for 01 like all low grade grace proper lar largo large c ton ton- tied tle It is necessary In to output n a in order to nu make ko profits commensurate with the Investment In This report Is JI t signed by Frank Franl W. W Holmes vico pres d president nt and tho the statement statement statement state state- ment covers operations of or tho company for fol tho the four months ending December 31 31 1913 The ore mined during this pc- pc Iod amounted to tons or less than tong tone monthly The surprise In this extraction p Is 15 shown by an average of or only tons dally daily when the company has produced In III excess s of tons dally daily The smelter treated atoo tons and th there re I was turned out tons of or matte which yielded pounds of or copper Tho I financial statement Is as follows follows- Gross GroS operating profits 53 61 6 J Less es depreciation and wd deterred deferred charges Bond Boa Interest S 0 ro t t profit for Cor quarter t. t S ter 1 The ThC fourth annual r report Port I lt IK no now noss being S prepared llred and will be mailed to th the stOckholders stockholders stock stOck- S holders tho the annual meeting J |