Show KING CON PRAISED PRAISED IN EASTERN PAPER The following analysis of ot the tue annual report of ot the Silver Siver King King- Consolidated Mining company la Is given by the tha Copper Curb and Mining Outlook of ot New York In Its Is current number Tho The Sliver King Consolidated company of oC City h. h has Jut just Issued a R report that should give Ive the keenest satisfaction to e every stockholder In view of ot thu tho manifold Improvements In surface equipment the purchase of valuable territory thin tho Inauguration of ot Important developments de and the comparatively corn com eo- eo small tonnage of taken smal ore out of ot the tho mine i a 1 reduction of the cash Ch re reserve re- re servo serve sere would n naturally tuU b be b OX expected Instead of such reduction the o a report shows howa gains gain In In almost almOt every r f Item except the th cost of ot o operating the tho mine which was lower lowered el from to 10 Total receipts Increased from to 0 0 4 4 dividends divIdend paid Pid front from ron 03 to cash ah ap assets ts t. from to and an net ne surplus from to nu 2 The value alue of ot new now surface improvements improvement including tramway milling plant and tunnel tun tun- 1 rich nel 1 equipment and mineral ground round purchased pur pur- chased was This ex expense n was waa met In part b by receipts for treasury stock I which Wt was sold l at a big bl premium p The company huts has 1 purchased about acres of or mineral ground lone In the he last lut year f and now no owns OW some 1200 10 acres The Tho n new claims clim are at tho the bend bead of ot Thayne's can canyon cn- cn n yon on and can be at depth by Cn tapped It great laterals from the Spiro tunnel l. l Good Go ore I was wal found near flea ner the surface of or some Ime of oC them but the tho owners were unable to fol follow fol- fol lo low the ore oro or down do doon on account of ot water rOI 1 The Tho tunnel will wil remove this obstacle and permit the mining o operations to bo be 0 conduct conducted con con- I duct ducted from rom below which will 1 eliminate hoisting exp expense n e. e I There is I. little doubt that he lie Spira tun tun- nd nel In tho thio next nut 2000 0 feet fHt will ill 11 begin tun-I tun to contribute to tho re revenues o of the corn com pan pany But Hut without counting the tunnel com I tho the King Kine Consolidated ha has hA as aa a n. result rut of oC Is II last years year's activities four tour new sources of ot profit profi First the reserves of oC shipping ore or developed In Its I. I present prent nt workings second th the f facilities for tor making a n commercial corn com cm mercial product from Its Is second H CU dump third th the saving of or transportation expenses through the buildIng of ot Its I. I tramway tram tram- Wf way fourth the saving N of ot sampling charges cham b by the Installation of oC its U own sam earn J PlinK pling machinery at the mill Add to those these r a dd the ascending price of or lead led and ad th the tho 1051 bUt of ot Si 1 sliver silver and tho the outlook for I multiplied earnings is I. II bright |