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Show TONOPAH BELMONT. At the snnual meeting of the Tonopah Belmont company held Tuesday, the third annual exhibit was submitted to the shareholders, showing the present condition condi-tion of the company and the amount of development work done during the past year. In the report submitted it was shown that the company had' attained a depth in the property that required th purchase of new equipment, and with this new machinery the company would be . able to get Into the territory from which a considerable tonnage of ores would be shipped. A tabulated statement shows that the tons of ore shipped during the fiscal year was smO, with a net value of X3O0.0X5.&2. with ore In transit at close of year amounting to 1404 tons snd valued at $69,-611.13. $69,-611.13. A recapitulation of the receipts and expenditures ex-penditures shows the net receipts from shipments of ore, $230,474.34; proceeds of sale of treasury stock, ss stated in last annual report. $140,000. and these amounts, with other revenues and balance on hand March 1. 1905, of 17777.26. bring the total to S380.901.eo. Against this there is charged to payments pay-ments and improvements, including the repayment In full of loans from Tonopah Development syndicate of ($9,692.70, the sum of $222,357.71. leaving cash on hand March 1. 1906, $158.&43.S3. |