Show L I I 1 4 q Mining Financial and Commercial News Walker Mining Co Income Shows 1 Big Gain in First Half of 1929 L f A Net Profit for Six Months Shown D V f i. i By tEE LEE WILLIAMS The high pries of of prevail prevail- during the first part bf the year reflected in the tho earnings o of the Die Walker r Mining company which showed operating of for lor the first be month bf 1929 as compared with an operating profit of lor the year ended December Decem bet ber 31 81 1828 according to a a. report issued Saturday Net profit before depreciation was The company's Indebtedness to the Smelting company was was reduced during the six six months period by and th the balance ce cea a AH of June Jutte 30 1929 amounted to tor r U Jt was revealed In the balance balance bal bal- ance sheet accompanying the re- re port Improvement fn In the showing for tor th the first half of 1929 was Teas due hithe hi in th the main to the higher copper coppex price and ind to a further decrease In per ton cost Tb The average price during the tho half bait of the ye year r was waa approximately approximately a 1848 cent a a. pound as compared corn com pared are with an average price Pf cents for 1928 18 With th the new mill unit goIng into going Into operation at the Plum plumas as county Cal California property about A which Will Increase capacity by ap one the outlook lor r the company is extremely bright an tn analysis of the report reveals However a warning note undue is La seen in the fact that the red metal price for the ei 1 months months' period averaged well above the normal level and that the un- un high metal price resulted In the th speeding speeding- up tip of production by byall all copper au-copper copper mines This undoubtedly dIY applied to Walker and nd the same aam rate Of production should not be In th th immediate fu fu- fu ture During the six months months' period perLo 14 dry tons were settled for and the amount received amounted to Ort and concentrates on hand at cost ost at the tend nd of the six months were listed at a accounts co receivable at and cash at while notes payable were debt to international Smelting company and accounts payable were |