Show III r FINANCIAL MINING NEW NEWS AND STOCK REPORTS j SUPERIOR IN INJUNE JUNE QUARTER EARNED A SHARE Butte Superior report for quarter ended June 30 30 shows net operating profits of equivalent to per share compared with 1303 1305 a a. share in previous quarter In corresponding quarter In 1915 profits were or a share earnings being figured on spelter at cents per pound Comparison with two previous quarters follows follow 1916 June 30 March 31 SI Net Nd value zinc concentrate concentrate concentrate con con- Net value lead concentrate concentrate concentrate con con- Miscellaneous l Income Total Operating costs Net operating Equal to earned on shares ag against 1303 In previous quarter Company now o has shares s outstanding outstanding outstanding out out- standing ato 1500 having recently been Is Issued issued Is- Is sued for shares hares of American Zino Lead Smelting company common Operating statistics compare for the past two quarters as follows follos 1916 June 30 March 31 31 Ore milled milled tons une 16 Per cent zinc Silver Silver per ton Zinc Zino In Per cent zinc In concentrates concentrates con con- per ton 2187 Mill recovery per cent i Milling cost per ton Milling cost per ton 1761 Total cost per ton MacKelvie President says aYI Active development work worl was commenced commenced com corn on 1700 and 1800 foot levels and while work Is not great as yet the size character arid and grade of the ore bodies disclosed disclosed dis dis- closed are ad fully gade as favorable as those of cosed the levels above Most of the work on 01 these lower levels was confined to driftIng drift drift- Ing log but even with the limited amount of cross cutting that was done the addition additon to ore reserves was substantial and taken together with wih the additional reserves blocked out on or the 1600 foot level and I above constitute a total addition to re reI reserves re- re serves seeS for the quarter about 30 per cent I in excess of the tonnage mined for the quarter After the payment of oC the regular quarterly quarterly quarterly terly dividend of 75 cents per share and an extra dividend of 10 per share payable payable pay pay- 0 able to stockholders on June 30 the comI com coot company I pany had net quick a assets sets of approximately approximately I Sales of spelter speller have been made for future delivery delvery covering a substantial portion of our production for the balance of this year These sales have been made mad at a lower price than that applying I. I to t the second quarter Average price of spelter used In determining determining determining de de- de- de profits for quarter is 1141 14 cents per ier pound |