| Show i MINING AND OIL i I I ylI I Earnings for the year fear ear from mining opera operations op op- and dividends era lons w were n received from the Eagle Eale and Blue Bell Min Mining ing In company amounted to 76 makIng making making mak mak- ing a a. net gain and Income of I 93 or nn no increase of ot 67 Is la the report of ot the BIngham Mines company for tor tho the year 1922 Imer Inter Pett Pelt Is general manager of ot the company with headquarters In Salt Lake e. e The company's offices are In In Bos Boston ton following ore are the tha properties of ot and BIngham owned or err controlled by the Mines Mined company I I 1 Victoria mIne owned by by the com com- p pa Engle irle and Blue nell Bell mine controlled controlled con con- tr trolled by the e company company Dalton A and t Lark group a of mines mine West WeFt Mountain mining mining- district alst let Salt Lake count coun- coun county t ty owned b by the company compan American Star Mining company controlled by the company I Yosemite Mines company West Mountain MountaIn Mountain Moun Moun- tain Mining district controlled by the com coin pa pany The e combined output consisted of 1402 1102 1 carloads of dry tons with net smelter re returns returns re- re I turns of of at iThe i 1 i iI itI The production tI and d smelter returns of the properties I follow lo I Victoria cars tons 1409 05 smelter returns Eagle and Blue Dell Bell 63 cars car tons Dalton and Lark i r cd od Commercial H cars care 26 tons 26 returns Amen Amen- oa can star Itar 20 cars can tons 72 Yosemite 7 cars ears tons Important development work was carried carried car car- ried on by the management There was ws purchased d during the year ear shares of stock sleek of at the Eagle and Blue Bell Den giving the Mines per cent of ot the stock Balance sheet of ot the company as of ot December December De De- cember 31 St 1922 Is as follows tollos Asset Assets Assets- Real Heal estate and mines mines SI 37 construction construction con con- and equipment 46 48 8 1 Mining stocks less r return lees return turn of capital Pital dividends 30 07 76 BIngham g Mines company stock purchase purchase pur pur- Ch chase of shares I 60 prepaid prepaid pre pre- paid Insurance SS I'S and i other 5 expenses 1 I supplies l at Wines mines accounts u re- re receivable re accounts ts rec abi miscellaneous I rd 38 receivable I 1 no notes subsidiary co corn com companies panl cash and aDd receivables I I total 1 I Liabilities Liabilities- Capital stock stock- shares 1 1600 accounts account payable Including federal taxes reserve for depreciation 20 reserve reser for depletion 13 3 to 22 12 earned surplus 2 U.- 71 Operating statement for the year Is II as as all tono follows Gross Grose Income 81 expenses 2283 I mine development and net operating gain I and loss boas account Total credits was nas charged off ort to construction and equipment depreciation and nine depletion leaving a a. balance to toI earned surplus ot of 23 This Item I with earned surplus balance of ot December December- 31 1921 Increases the tb earned surplus balance of December 31 1922 to a total ot of o 98 f The cost of ot production per pound of ot copper copper copper cop cop- per by the Utah Copper company for tor the four tour quarters quarter of 1922 was cents ac according at- at cording to tho the quarterly report of ot the com com- pany Including n I all 1 fix fixed d and general r charges ge and before t cr crediting at the v value of gold and sliver silver and miscellaneous earnings earn earn- ings Including the these e latter values the I production cost coat Is le reduced to 8 cents Thin The net profit from production of ot copper copper cop cop- per only was 41 12 for tor the fourth quarter Quarte- as compared with 1278 44 COP I for tor forthe the third Miscellaneous Income Including including ing payment on precious metal was wu us as as' as compared with for forthe forthe forthe the third making the total Income for the fourth quarter as al compared compared compared com com- pared with 27 for the third ter Tb ThO The average monthly production was wu 10 pounds for tor the last legit quarter of ot 1922 compared with pounds during tho tha third and ami pounds the second quarter of at 1022 1822 The Arthur plant treated dry dry- tons tOnt and the Magna plant tons The a grade rade of ot ore treated was 1 25 per Cent with average re very recovery eTY of or 79 27 Il as compared with 1 1206 per cent and recovery for the third quarter The average price received re per pound for tor forc c during tho fourth quarter was I cents The Utah Copper is II now reported to be producing at the rate of pounds a A. month and the price price of copper In New ew NewYork NewYork York Is quoted at at 17 cents Washington D D. C C. farch 9 The The gold land and sliver silver Investigation committee will do nothing for tor ninety days day It is 18 announced announce This summer eummer however the cOmmissIon may go 10 to Europe Europe- with av Jew few of ot taking up with Great Britain the tbs matter of ot using more Gold golu and sliver allver for coinage purposes COFFEE NEW NEST TORt TORI M. M March l Coffee Ro 0 Coffee Nov vs 7 11 Kitt future steady May ly 1168 July 1 Y t |
