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Show ANNUAL REPORT Of ! CM CON. MINE HAS BEEN RELEASED Tha annual report of tha Oiioua on aoltdated Miuiiis company. Juel received here, ho w aeeet and llabtlitlee of M.-1 M.-1 I. 00. compared with t,ITT.4Yfl for the previous j ear o tinder able decrees In i-anh ! boern the ahrlnkage totaling IIOMI. and the lUbllitlee tncreeaed 7U,PTa. The cea or a(a over llabilltlaa totaled HMa. Ittt.lt compare with an excaaa of 1377.000 a year ago A detailed i 'mparltfoti of ih item of IhlJ account follow A8SKTP ltl2 till rash IT.TM UltM Flrat mortgage bonda.... Old 41.700 Tbitte A Klv atock tse.MI ?4 Ml Suppllee. Nevada 40.100 1I.ITI Ruppltee. Mexico la 41 1C.47I Account rocelvabla Ml- 4. in Ore on dump, Mexico ... IB, eon 11, AH Copper, allver and gold.. IR2. 018 Total lUMvi $4t4U77 t ami i.i rn,s BIHa pavahle ... 9341.000 Aorta. payaM f Current 1 II Mas 9tlt.l7l Advance OH e,,ppr .. . Jl4.ll Total 4f.0H lTll.174 Aeeet In xca of It-ablllltea It-ablllltea f M.Oal. 1x77,000 Tha report ahowa Mining; expense In 141? of fTOS.SM. again-. l flfl.707 In 1911; conatruetlon and equipment, 91 03, Sit agatnt I70.4M. total of 9X11.910 In 1912, against 9269.195 tha year before. No w.rk waa don In the Alpha haft during the year The Qlraux ehaft la bottomed at 1440 feet, and waa drained to Hi- Mfto ,vl on February W. Water wa held at thla level until October Octo-ber I, Tnjrlng tha atrlke at BIt the men left their poet and water began rtlng In the eheft until on December SI, It was within f-ft feet of tha 1000 level. Ore shipment were atarted on Mav 1. 1112, and Increaaed eteedlly to the maximum max-imum of 1?ftO tnna da try During the year 140. fiT 7 ton of 2 15 per cant copper ore ware hipted to the Rteptc plant, while 4tn ton of melting grade copper ore were shipped, 1112 tona of which came to the International smelter and which averaged av-eraged K. 18 par cent copper, The, grand total of proftuctlon nieaaured S. 417. QMS Foreiart Vtat- World'a I' 8. Surplua- nle Supply. Surplus. latiuan t:;.-.:a IJ4.11a.4M J47.M1.4T laauart- MM 141.744,111 z44.SI4.4M SK&,470,41 1 l"v lain .14.r.17 J32.441.4M 401.3H.4a; ...Jarv lilt l.'jnjo.rW. l7.70.V-'l Ja.7J4.474 tlr,n; MM .4t4.M i;.JI.J J1T.74H.41S ruiv iat . . 44,m.tH M.,a:e U7.tM.U4 - lari-ian 113 lM.ll.r.: M.471.JM if,.74.7 rhniai-r l:'i.n..ti: j.4M,7;i :".U.M; pounds of copper: ISt3 ounce nf gold and I ounces allver The tefMirt then continue Aiigiiat. Hept ember and Iecemher were the only month In which our production eg -ne enrlrel) from undecground mining and theee. therefore, are the only month for which any fair eetlmete can be made of the cof o' producing the copper Rx-clud'nc Rx-clud'nc ehtraordliurv development and onatructlnn eoru t the propertv. the coat of product Ion for these three month , in i rntt pfr pound, or a net profit of aDBroalmatetv 11 .t Afwt The or ljfx1.au have been 'ompleleiy hhwked out and are helng put in ahape for !he moat eivuiomlcai mining It I taking much time lo get th rali to the top of the ore hodle nd lha opened, hut thla work i being puhed rapidly, for t J r o-e . .irin.it he properlv mfned bv the aing atem until we are on t..p of It and he rut (lie ame 'oo,. fmni t'e -pphg. ith a mat of !n. he- M-pralri; t'le aaate from the 'ii e Pia lnall- ul! of the ore ao far pro-i pro-i ed ha come from opening and de-v de-v e .op men t work, and only on the firgt .l.h.iew-t. In (! Ttmok mine, ha g very malt anmuiii ,,f ih-ing next to the hang-;tig hang-;tig haa hen done. V ere now getting capping In a few p itre above ,t apcond arih-level The 01 e nous note Is ..f greater magnitude than epe. led. mi l. h lelaa the completion com-pletion of this development work and the Inauguration of lower mining costs In developing the Mrrl- nre body we have encountere.l ttonie high-grade disseminated dis-seminated rhaleocfte ore running up to IP per ent and will ,.. it for direct -melting We have nim found some rich 'arlKinate nre nntinnlng lumps of cuprite, cup-rite, over title pla'-e. a)m ar, row jr(v. kng a drift Into it Pe fore the strike we were working three eight-hour shifts, hut alnca that time have onlv heen working ta-o eight-hour eight-hour shift as the mine Is now sufficiently suffi-ciently developed to get the tonnage needed on two shifts, and emrktng In thla wa enahle us to ventilate the workings so as lo carrv off th smoke and gases. We Hie now producing about liftfl tone of porphyry dally, and this wtll gradually be itu reaaed until we reach the maximum dallv shipments The tliroux repoi t , - the following follow-ing tatement o' the Butte A KH rom-pa rom-pa nv Butte and Ely Poring the ear .he ftdioeg mm drilling was done on -he prongrt of this company feet Two holes Ubertv ''ami . Ti5 Two doles nn iCerstelle Practlon S.t. Two hole on Westphalia claim i its Tutu' . . 4M These holes were n.it down to partially proe up tf.- ii bony on the ground ad-jucent ad-jucent to t ' e Liberty pit of the Nevada Consolidated Conpsr p end cut ore averaging ttom 1 ot lo t 1 per cent 1 opper Thin romp.in- has no indebtedtieaa. nd in ie-nder 31. 191?. had nulrk aasets amount ing to t ?). fiJi; hum dtilHug and other expense for 141? amounted to II2.M1. The only lm nine was from interest in-terest ,i mounting to 17142 |