| Show I A t UAL NUAL REPORT Of THE CO CONI I Detailed Statement Made Mate ol of tin the th c Earnings and Expenditures the Fiscal Pisco Year THE TUE WEEK OPENS MUCH FIRMER Columbus Consolidated Stronger arid and Star Consolidated In Active Demand Sales SuI Today The annual report of lIt tim thA Consolidated ClIn Marcur Milieu company hus iaH been beell und unit d t tI In flit Ihn tine the public mat Satur Hillin Saturday tinny day The rho t Is IR very vary full tull and de 1111 detailed 1 tailed a lakes lakos Into Inlo account every of ot tire tho years carlI work vork Tho rho dis disappointing appointing of ot last hunt opera operations lire are rim explained 11 hy by tho tim manage management ment a of ut tho Urn future policy of ot the tho company Is made The fhe general report Is III I prefaced by liy a II r tate state statement ment to the tho stockholders by b President John flern and Is le followed by hy the tho gen Ron oral managers detailed account The failure of ot the tho Moore slime pro process cess C I which was rolled upon to 10 save a IL great greit percentage of ot Iho tim In lit the tho tailings ls I given na ns tine the principal fac factor tor In n tho the In the Iho annual bIll bat mice The Tho preliminary tee before the tho plant was ivaN Installed proved very ory but bill there seems to 10 hi h 1 Bomo radical fault with the Iho plant na ne constructed Another given clen for tor tho the Is lii the tho shortage of Ot the Iho annual tonnage and null tho the decrease In the Iho ore ora values Tho The report that during tho thu year jear tons of ot oro ore wile marketed mid IiII that flint this brought a 11 value of ot W r S or for tor every eler ton Ion treated On account of ot tho the failure of ot the tho an Ill of ot per torn ton was 11 rui lost in hi tho tire tailings This Thie Iou Ion or orRt at Rt least bout ft tt 1 part of lit It could mayo have been paved If It the tho plant hut hUll verne come up to expectations loris nul the tho management would have had a n different to tell tellIn In 1 n his ide report MI Mr ban the tho follow tollow following ing to 10 say eny concerning tho el line pro pru IC R RIt It would bo ie futile to 10 attempt to 11 KM n I the lIP I Wt U encountered while wo we on ou tho tIlo plant It to nay IY ity that up 1111 to 10 datu lIat our plant account to 10 and lint tho plant Is II not 1101 now In operation Thill on all the tho face lice ot of It II like tikI a ni lint failure of thu Ihu Moore hut hilt ns a n matter of ot fact Bitch docH not appear to 10 ho bo thu Iho lURe case The rio merits of ot the tho urn 1110 by b no by hy our experience In Indeed deed droo the Iho th a In our mill hid Indi Indicate I cate lIlo that thai our confidence lu In tho tha process linn ha c not 1101 icon been misplaced financial of ot tine the company nrc 1110 given Riven II I III lira irro accompanied by a it detailed stain ment from the Iho aa na I I o from lust Inot In t report IS value of ut cold gold produced from oth other er Ir sources rent 6 7 Holt Boll Water AVater Co Ce dividends J emliS I Total I LY operating ling ex ox expenses Mine Mille 17 I Mill lII I 62 MI Gross Grosa total 0 Less Ius apportion apportionments ments out mu of or mist lust yours unapplied balances IJ 6 Net et t operating es Balance 11 construction I Slimes plant con NUM 63 Manning mill c repairs 1713 1718 SC I I 66 of or June JUlie 90 30 1001 loom J In conclusion Mr Ir Dem Dern t nays y YI that the tile most Jb have been over overcome come coins unil the property properly might now to 10 ho conducted on a I more profit profitable able basis Tho rho mine Is looking pros pro prosperous I reruns Indications point to Iu a II I most ful OU lEK OPHNI PIH Con Coin and Star Slur Con CUn CUnIn In Demand 1 The week opened with the tone ono one of the market Inner tinner and several of ot the tho stocks t higher The ho u call sales were Ivere light hut but us 1111 usual the trading picked up liP on the tire open board Borne Somo of the more neglected Blocks wore no tired and a II tow fuw ow In III In thorn them recorded The rue cult call with a II total sale cute of or Him run at III a 1 Li of ot Star Con was Ill noticeably strong on on both holh the tho regular cull cell arid and the open board It closed with 1144 11 cents bid and 15 l asked 00 selling Kellin at 14 and MX hOO ut lit 15 Iii On he rhe open Ollen board eon Corn Cornas was I as tine the feature and annil Jumped consider considerably ably from Saturdays quotation The Thi Block cold Bold a as high ns nl and ended at 1130 30 t to 10 13 in inn the bidding but bul recovered lat bit 11 I rr Ir and sold Old nt nl 1310 Two I Heck Tunnel funnel wont went at 6 and ann tOO Joe Jot Howers at 11 U cents Following l lire are to 10 days quotations anti wile QUOTATIONS Hid 1 Asked Alice w 10 o 7 Ajax A Jax t I 8 S SCon rIM 0 S II Sr Con r on 34 31 Creole reole 4 I W 10 j 4 74 I 1 00 J 13 6 B Eagle I gle lilue lieU Hell 71 75 Or Irand and Central 3 2 I W SO i Horn 1 3 It 45 II Lower Mammoth tl TI 10 ID May Day flay 1 3 4 J Mammoth 1 It Il 1 W eo 1 Ontario S 10 Q Petro lello I t 7 7 10 O 11 King 41 U M 00 o Hilver tu i B II I Kouth Foutin xan ca a 2 8 S Etar 1111 Ju t I 11 J 4 t It S 40 O 43 13 S I Stem Con 00 21 i 22 2 no 00 2 M MVictoria ii u Victoria 40 Ii 0 lion t cm Con 1011 oil 6 00 do 10 10 IO Century A SO ao 35 Joe t I Little Chief Inlet Hi 14 1 ij 3 2 I Martha Wellington W 14 11 New York 4 I SH JiS 4 M Victor Coo Con I 1 Yankee 31 34 V iii Heck 61 11 I S Clock 7 T SI sa SIo 8 o M 30 MORNING ManNINO Cull ettli Star IHor Con at 1 11 m Yankee Con ICO at nl Ml at lit U nt at II I 31 Jon Joe Howers MO KO at I t H 1 Open Ho it heck Beck Tunnel MOO 2000 at lit fW Columbus Con Corn JOO 00 ut at at al 1321 nt III to toon Con oni on Mercur Ier ur nt ot JO 30 Only 1110 at nt 1311 1310 at nl GOO 00 at li 5 Con SOO MO at nIt U 11 I at nt 11 II TOTALS TOTA Shares Value call CAli S 2007 Op Open n 1750 75 AT Till TilE SOUTH Will Soon bo be Moving Oro Ore Winch Which Will VIII do no doIn noI In I ti II tha Ihl U II S Smelter Correspondence Corr I Aug AUK 28 8 Oro from the South mini at nt Sliver City will soon be ho on tine tho mo toward tIne the valley the company closed a n contract with tine tho United States smelter to 10 handle th Ih production of ot that property Tho only work that hAil hns been done In tire tho mIne mIneor for or some lOme titus time Is III on nit tine tho leai loal nun tine tho lower loor levels haVo become Hood flood Hooded flooded ed ell with wilier water so KO that the tho ore will have I to 10 bo he taken from turn thu upper 1001 and nH nf linen I hOJ o 0 Is plenty of or metal above the tho level It will riot not bo ko o necessary to 10 start up tip the Iho It would bo lie n it very tor 11 expense undertaking to 10 den r rIhl the tho property of wilier water as ilK the tho Kouth rind and Swansea uro 1110 connected on ann tho the lower and to 10 open would necessitate u rt largo large outlay of ot clI h More tire arc being listing put hInt on Oil at nl tho Iho 1 Central millo at nt Mammoth t in and it nil tho tino of ot the shaft IH Inn progress progressing trig ing nicely hereafter tine the La Heine mine will viiI re Its itA water willor supply from the tho other othar side Irto of ot tine tho mountain Knight hits baa purchased tho 1110 well owned by IW C t 1 K g i Peterson located near tho tine Undid Cen Ceo Central mine mitre at lit Mammoth and wilt will make with the tho Grand Central III to 10 pump the tho water Wit or Tine The property of ot tine the Humbug In Inn tho the thoI I Emil gid of ot tho tine district which Is IR un on under In dec der lease burro 1 Is up nip In hr excellent shape A I eric car 11 ot of oro ore froth tron that Ihal property won WI us shipped this thin week which winch netted close cloen on oni to 10 1000 Tire The property of ot the Iho Victoria Mining cairn Is IR showing up lp in p well vei I under ocier U tine tho development work stork holing being done clone don by b Sept Supt H n 8 S The he prospect of ot the thu Ih property developing Into Inlo n in 1 paying maying proposition llon In lii tIne the near future In Is II very velY bright hl New IH lit to 10 be o placed on Or tIne Iho property of ot tints tl mine Ille In la t TUrtle 1111 and 1111 u tL I cur car of ot oto will wi coon bo he placed on err tine Iho market John la mt II engaged In de developing rt hU his hl claims In North TIntic and Ild IB lit pleased with the tho made mudo A ot of development won voik Ol k kII 1 U Ic II being done dono lano In Inn II tine tho north end coil cOi of the tM and a I blob may Inn ho he opened up fall mu mulino In tin 11 that thai t tints this Tho lino Iho WIKi Mining Inning fil Co was I atod this tide week leol line Tha Incorporators vho Iho are all iril 11 l own n a of ot ofa nine nilo a line claims Irnis In Iii North Non ii TInt Ic which ins hns las a II I vole vela of Iron quartz winch which Mil t lieN In inn gold cold and sliver silver Tine The of or the tho company arc Jacob president Andrew Inlew Vice Krecl John secretary and An Andrew Al drew Hirl Development 1 rink Is now In lii progress on tho Iho claims The Fine tn ft from am ri n t Fe district rust net wore were not us Its lS lunge largo Inn o thin week owing Oln to theme being no nun shipments from from tine tho o 1 ld Central on which ty the tho Is Ins II being sunk fulk Tho ho following ma ate Rt producer for tine tho week weck ondO Aug II nig 26 Gemini I i H 1 19 10 8 Cons Coins CUl I C II I Uncle Ham HII Cons COlS 1 9 otro 1 l Hell lell 2 Curls C U Victor I 3 Mammoth i 10 I t jf i Two frye tars cHrs IHrl of ot were werl shipped tOI the tho Uncle Sinn mill KOLI II h of If nuli Ort ire Or from trul tine Inn on Oh tine tho 1 claim A letter leter train from J F 1 F Parsons of ot lleno Heno Net Nev 11 formerly well teil t known In Inn Salt Lake as flu II manager of or properties brings the thu Ihl Information that he IMS ints Jn JuL JIl l to 10 Nev No after a In l prospecting trip trill In the Hy fly Iy of mountain 60 50 10 in I on of or II U lie reports that the conn coun tr tt try Is IB a 1 very ono one to travel Imel In Inon Inon on oil account of ot tine the hoot hoat hot neil and tho the of ot water It I Is III only a 1 short days 11 Journey from Gold mountain to the thu Ihl famous Death valley While at tnt II ohl mountain Mr Ir Parsons examined several overl proportion propertIes having big bl ledges lede of ot low mw lo grade oro ore With Wih better railroad roll facilities this part hart of ot Nevada would attract a I great Ire doal of or attention I but hii the tho nearness to 10 with KB lIa grade tire ore or Is now against It ItA I I A 4 letter leter received train from P L 74 I I the well iveli wel known oil and pro promoter I rooter moter of at Ogden Oden Indicate tes that Ihl t he me baa 1111 int I abandoned the pursuit of at riches I through tine the medium of ot tine tho oil 01 fields and anal Ril will wi locate permanently at lit field tell le lIe reports that tine the country I south of ot this big hip Nevada camp Is II drawIng dm wil to loll it a nt perfect nf of lt pros proa prospectors etor Every day ilay 11 sonie one IB Iii quiet quietly fU lei ly Iy outfitting for tor Hold feint mountain and I the neUrent country He lie thinks that In iii the next 30 days I when cooler coole weather I er em comes com the Ihl country will wil be he thorough thoroughly ly Iy l prospected deer clear clea to 10 the tine Colorado riv nv river rl er en e Among lon the mOlt successful I leases en sen on the blK bi Jumbo ledge Is II an In OIlen crown crowd crowni led 11 i d by J M 31 1 Inn and Dacy loy Two shipments have hae already been made mode anti and anI the th third bus ilal hR been een manic made ready neatly The Ph h lint fIrst car netted 1000 and tine the see BOO lE ond Ind 0 O tile he him has hUl lately Installed a gasoline moist holt The fhe 50 80 shares of ot stock In 11 this Ihl company are lre now val VIII valued tied Rt at A 32 2000 each Another Ogden Oden company composed ell 0 oi it 20 Investors has lately tak taken en rn up 1 a Inane linis serum by hl 0 O A 1 Moyer nn on fn a 1 i part of tin Iho 1 claim which tim HI Ht Ivr Itc and In nor WI W V VI I IrlY nf nr n I ft If to 10 be begin b bI I gin work on the this lease Iaal l ace |
