OCR Text |
Show NEVADA HILLS HAS ISSUED ITS ANNUAL ! REPORT EOR 1912 Th onniml report of the Narvada Hllla aa of data Deoambor n, till, haa th fol-lowlna: fol-lowlna: otatomeat from Proaldatit win- itMi We feel that the paet nlna monthi' ope rat lone have bean very eattafactory. tndaad. tha not reeltaatton for tha period batnt MJ.tOM The report of March .31. Ull. who wed that the company waa Indebted la tha turn of MM.OOO. whara-aa, whara-aa, tha praaont report ahowa tha company com-pany tu be Indebted In tha iom of 1100,000, and with available aaeeta that routfhly ahow a aurplua of 181,000. "In weighing th Item of ooat par ton, attention U raapectfully called to the fact that the property of your oompany la situated at point forty-flva mile from any railroad point, which add! ma-tttiiaJIy ma-tttiiaJIy to th eipane Nth In th mat-tar mat-tar or auppU and In the obtaining of a f x1 ciaaa of labor Th rneral manaeTvr' report ahow Mlla payable on December II. Itll. of 1104)000. Aitalnat thia are gtvfn th following fol-lowing raurca' BUla receivable 14400. eaah, $14,000: concantralaa and bullion In trejiait. 132,100: accounta r-celvahle. r-celvahle. flOOO. auppllea In at oca, tM.eOO: atMworptlon (valuea held In auapaaa In mill). 141.000; a total of flll.000. Production during the nine month totaled to-taled X0.M4 ton of ore. th total groan value of which waa ti04.? S7. or tH.U per ton. of which 7t.l04.M waa loot In talslnn. leaving net production valued at I7M.H4.6a. or 4 ?4 pr ton. Tha total to-tal coat a of 1 117. 764. M, or If to per ton. left a net operating profit of $4lS.I4)t.M. nr 114.14 per ton, of which $110,000 waa written off for depredation. 1 saving net profit of $U,ff0.M, or $14).4 par ton. During th year th oompany drov SMI foot of development work at a ooat of $10 M per foot. Approximately 20 par cant of thla work waa dona on ore. producing; $172 ton of ore valued at $71.. IM.M. or $21.17 par ton. Th report then aaya. In part: "Th power al t ua t to n. which In tha peat haa caused aertoua Interrupt Inn of work. I a now vary greatly Improved, alnce the completion by the power company com-pany of a retaining dam which will allow al-low them to Impound the ruah of water rturlnr tha early aprlng 'run-off.' and at thla date It aeema probable that we ehaJI have continuous power aerrtc In the future. "Heing dependent on th mine to fur nlsh water for milling oparatlona. there have been time In th past whan production pro-duction might have been lncreaaed, had additional water ben avnllabl. How-r. How-r. thla) rurtaJlment of production ha not been grant touTh In any manner to warrant th eipendlture which would be neceaaary in order to ptpe In water from the outside. Th plan for development devel-opment in th Immediate future Include the el n king of th present shaft, which, of con raw. may material! v Increase the present supply of water. "During; the early part of ths present flaca year the better grades of ore war mined and milled for tha purpose of 'Testing 'Te-sting a fund to pay off as rapidly a possible th company's Indebtedn and reduce tha Interest chars; as. This hnrtnsf, to a larga eaient. been aocompMshed, during the latter part of the year no particular figure for the mill heads has been predetermined, ore of any and all payable grades having hh mined a en-countered, en-countered, or as circumstances and economy In working demanded. "Tor the purpose of this annual report, no attempt haa been or will b made to furnish an accurate estimate of th measurable ore, or Vr In sight.' for such a course would hav necessitated a contdrabl amount of dead wrk not justified by condition. On th oontrary, all development work has been carried on with the idea of rendering such work s vsj lab) for tha future economical s attraction at-traction of ore, whloh procedure, previous previ-ous to actual sloping, does not expose ore bod Is on enough sides to render them Accurately measurable. While th I re u It of our exploration work haa in some oasss been dlMpepolntlng. It seems within the bounds of oonssrvatlsm to state that there is at th present time, sufficient or xpod to operat the mill at the pressnt rate of production for a period of two yesrs; and It cannot be aid that tha mln la yet beyond the prospective stage. "Development ha been somewhat curtailed cur-tailed during the year past. In order that tha Indebtedness of the company might be discharged more rapid 1 v and the Interest chargss wiped out. Now that the company Is practically out of debt and haa good aanets In the way of or reaerves, plant equipment, etc., a more active policy of development has beep decided upon. NEVAJAB TN SAN FRANCISCO. James A. Pollock Co.. hankers and brokers, furnish the following, received over their private wire this after- noon: I Bid. AakaZ Ooidfuid d 1st riot 1 I Atlanta $ .m 1$ ,jg Booth a I Blu Bull H .. ." a o. t ! or Combination Fraction OB t ft DIamnndfleld B. B OS I 04 M Florence 40 I Ooldfletd ODnaolldated ... S I7l' 2 ft Kewanoa o$ .oj Jumbo Extension $0 Lone l"tar sa Merger Mine ff .. On T .Of Pi Ivor Pick Conaotldatad og tImow TlgrWr II " M l Manhattan district Big Four $g rexter Union as Oold Wsdge lg . Manhattan Consolidated "h$ Manhattan Dorter OS ot White Caps A Comatock I f .i. .a .dated Virginia ;-, j Hale A Norcroas 0$ Mexican ; wo Ophlr 2$ 2f PvaaT M Hlerra Nevada 15 . Union 14 Tonopah district Belmont , . 7.40 Boaton 01 Cash Boy ot Olpsy Queen Of Jim Butlsr 70 Halifax 1.021 Tonopah Merger 71 .80 Midway SO Mon. Pitts. Bat 15 Montana I fin .42 Mlspah Extension K0 I MacNamara to North Star it .$0 Rescue Eula 10 Tonopah Extension i.$0 Went End . l.U Other dlatrieta Plttaburg silver Peak.. 02 .$ Nevada Hllla 1.10 1.15 NEW YORK LISTED STOCKS. Jamos A. Pollock A Co, hankrs and brokra, S3S-S9& South Main street, furnish fur-nish the following, received ovar thlr private wire this afternoon: I Bales ' High. Low , I Cloae. Oilnn .. . li t.00i 3t 371 (Jfd Cvn ... 0ft :l: ill 21 Nev Con . B.OOft1 iJ Mi 1( Hav Con . 1 2,SOfl nl 171 17 Tenn Vp .1 700 33l 3 3$ Miami fop I HW U ! 22'; it I'tah Cop .1 2,000' 'Oil :.0 ; SO 4 Inspn . ... fS0 It 10 10 Htbkr Con .) 300 SS Sift Sift, tnt Sllvor I....... t |