Show CHIEF MAKES 1 14 REPORT Shows Fair Year With I Better Beter 1925 Prospects The Tha annual report of the tho Chief t Consolidated Con Con- Mining company company for the year 1924 shows slows net earnings after charges of as a compared with wih 86 for the previous year Total de development development do- do work In the mIne was feet Ceet and feet of ot drilling The report shows shares of ot capital stock outstanding and first firt I bonds of Current are are given as AddItIonal Additional Addi AddI- tonal federal taxes to December 31 31 1920 1520 in the sum of ot Have been asses assessed assessed as as- ses ed but Is ls taken care of In the re reserve reserve re- re serve for tor taxes of 63 Depreciation atlon aton written oft off for tor the year 1924 1024 was only the auditors audItor state and liabilities for December 1924 are not taken taleen up on on the books until January Walter aler Fitch president in ht hN his statement statement statement state state- ment to stockholders explains the poor earnings due to the tho tle character of the work and the cost of new construction He lie says Ys that thai tha the payment of the governments government's governments government's gov gov- eminent's wartime tax has taken the I cash that would ordinarily go towards payment of dividends and that the resumption of ot dividends will wi necessarily be governed by the of ot cash which this tax bill bU so seriously Im paired Grand Central and are spoken of by Cecil Ceci Fitch general manager as producers of good ore during the year yeara a sod and nd a a. continuous operation of the new nev newmill newmill mill mil and volatilization plant Is la expected after some adjustments found to be necessary ry |