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Show r.EF03TS OF MAN ACER O TREASURER OF IIASOffllEY I1ES Whea th new Masog Vlley Mines company begias shipping ores to th new smelter, aow oader construction, it will produce at th rat nf about 6U0 to 600 tons dsily. Tbs smeller should b completed snd placed ia operation soma time this summer, cos struction asving stsrted vr a yt age. The plant will hsv an luitial rspaeitv of HO tons daily aad will make additions as fast as custom ship meats warraat aa increased capacity. Two blast furnaces srs to b opersted at the outset aad three more will be added, provided th mines of lb dis trtct caa keep th furnaces supplied with ores. ' Trsnanortstioa of or from th Mason Ma-son Valley miae will be made over an aerial tramway one and one fourth miles in length to th Nevada Copper Belt railroad Hn. Tha distaare from th terminal of the tramway to tb smaller is sixteen and one half miles, lbs railroad is now operating to the amelter and the tramway is to be eon-etructed eon-etructed ia time to atari shipments to tbs smelter ss soon ss ths furnnees srs blows ia. Tbs amelter ia being built by tbs Mssoa Valley enmpsny, snd the topper Belt railroad line was built by . ths .N'svada-Douglas. Copper .company. " the latter compasy sgrceing to ship at the rate of about till tons daily to the amelter. Tbs aaaual report of Mssoa vslley, the balance sheet of which wss priatsd ia these eohimaa ever a week ago, son-taint son-taint tha following statements: Treaeurer Josten savs: Ther has been charged to development devel-opment aerouat 32,15 snd to deferred de-ferred charges sgsinst operations , ' i4. This Falter item Includes tbs underwriting un-derwriting eomml.iion of tAo.OOO paid for anderwriting ths entire bond laaus. which, together with tbs other general eieaees, constitute a proper charge against future operations wbsa tbs enmpanv is on aa earning basis, and to be distributed over a period of time. All of the shove mentioned underwriting underwrit-ing eommiaaina ia not aa yet due, because be-cause ths directors of th company nav not called upna the underwriters to take up all the bonds, but in order to be conservative ws have already deducted de-ducted thia item from ths amount to be realised upoa the remainder of th bonds. ' ' J. Lshartb, manager of ths om-psnv, om-psnv, ssvs: "Development bat proves that the ore occurs Is 1 1 meat one, and principally on the enat slils of a north and south fiMturs in limestone. Th or is found lo occur from a few feet to sightv-fiva fet ia width. Ths ore near ths ntsurs a a general rule Is nf higher grade. 1 he ores are principally sopper sul-phinea, sul-phinea, with soms oxidation Dear th Mirlara. bedded or. deoaits ar alao f"und to eimt in th. lower levels. '1 lire lerg or bodies hsvs been found nlnng this vertirsl nature. Jt is ia thee that atoping preparations are bo ing made, and it is believed that further fur-ther development will prove that theae ore bodies are connected. Krora ths work so fsr seeompliahed and from conditions as ther eutt, it Is estimated estimat-ed that when mining from 300 to ft"0 tons of ore per day th cost af mining snd development will not iced 41.1:5 per ton of ore. Ia opening the stopes it has been found that th ground breaks well and stands well. Only a small amount of timber will bs required." KEW YOKE CTJBB CL0BB. James A Pollock A Co. bankers and bckere. lal-14 South Main street, fur-nt.fi fur-nt.fi the following, received over their r-l1 ate wire thla afternoon: Hid. lAaked. f aw. VSalv I V 1 -fsfi 4-it v Cential 1 4 ) v loneolidated 14 It I-net National Copper ... 71 71 t.ir-Mix Conaulidated 4 1-U 4 1-11 Inspiration I 1-11 T 1-14 1 K'in uold 1 4k u.n.l 11 111 Neva, la t'tah 11-lt 1 New healuJie' ............ 1 11 N't.l.alur 11 . Hi m,, opner 11 1 4-lt llav Ceiilnal Ill 1.1-14 1 R.e 41 4 11-11 h .nth l lah t 1 I ritieh Col. Copfier 4 41 1 ,v Mist. U.. I l.ia.lelt 4 4 i otilt Ceutral 7 4 I v Wltrh 4 - 10 I ...ter i i.helt 1 1 V-iii. l:nward 1 1 .Von Valley 1 4 Nuirhell 44 M'Miifcotnerv Nhoahone .... I 4 Sevan. Smeller 1-14 t H 1 1 T Leaf - - 1 4 r-itver Queen 3 , 1 I ml 10 I Ontario 1 1 Ki.ua Consolulaled ..... X 41 t ..u.iaHo 47 SI Ii,.n tiloaeom 1.5" 1.44 4 a n-. 74 40 N.l Hills 1 14-11 1 AM riANCIfiCO OIL, Jame. A. Pollock A Co.. bankers snd tir.ii.in. 433-S3 Main street, furnl.h the f. Hineitie. re,elve,l .ver th.lr urlvat. e lie tlilt afternoon- I Bid. lAaked. ..,l Oil 1144 JT 1 1 ..-.k.l.ir. 1.70 1.14 i .mciont ..... 1.7 ....... I imola i rude .71 M K ittrt. h 14 Vonte rrlato , 1-b N.-w Penna o I'Hlnier , 147) S.iucr IHv.igh l-'l ....... Sni-r Tip l-o 1 umer '- V K Oil 10 Tflecram Want Ads Pay |