Show chief consolidated company sends out a very interesting statement net earnings for the past six months amounted to nearly mine is now in splendid condition the se ond emi annual dividend of 10 cents per share or about 37 was as sent out by the ch chef ef consoli dated mm min ng company during the week the dividend checks being ar ae ca by a very antl interesting resting state ment of the past year years a work at this i A alter fitch ritch the president and general manager of the property says that very sab substantial progress has been made in the open ng of the name mine during the past year the footage of development work for this period being over three times as much as for the same time last year and a product of ole 01 e nearly four tim times es greater the values conta ned tied in the ore have average d deiy much 10 lo ver this partially results froin from a system adopted of m n ng all the quartz encountered in the on ot chis I 1 his became necessary because of the impossibility of follow folio w ing the ore in every case in a any r ly other way the reserves of ore now exposed in irk the mine are very satisfactory and buch such as to give as assurance surane e of a steady product and earnings and the regular payment of dividends cecil A fifth ritch the manager of the mine reports in detail on oil the oper actions for the first six months of the current yc ar iby 1st to tune julle doth he ile that the total foot loot agi ag for that period was as feet including 3 0 feet of drifting 52 f tk et of wil linzing winzing izing feet of raising feet of shaft widening and 56 feet of bhatt shaft sinkin sin gj the total shipment ut of ore were tons yielding net after the PaJU Elit of transportation sm lung ani ran bilang charges 03 17 the in contents of the ore were gold 2 ounces s iver 63 ounces and leal lead ata pounds the assay value was gold ounces per ton 8 iver 2137 ounces per ton lead 41 per cent per ton ahe average gross value per ton of ore was 1485 14 85 the smelting freight and sampling per t ton on cost 7 87 while the average ne net t value per ton was 8 6 ja and the net profits after the payment of all charges was 63 83 60 the superintendent superintendents a report con bains the folio ving paragraphs I 1 hel for rap d S 0 a ena 1 T the work possible in th a line andal d a eo so in open ns ng out the ore was done to the lim t of th shaft capacity it is loped that an opportunity will be found to stop the w rork ork long enough in the next six month to permit of the completion of the widening of the upper part of the shaft so far it has been impossible to do this when this work can be carried ou out it will perm t of putting on of the second cage and thus nearly doub J ling its capacity and allow of a j larger production of ore and also of I 1 the carry carrying inq along of an increased amount of development work of which there is a large amount to do the crosscut to th gemini in ne was completed and much benefit is being derived from froin the better air in n the workings bes des furnishing a very necessary second outlet through the mine and also this drift supplies the opening for the carry ing on of work in ground very prom ising for ore not heretofore avail able there has been a large increase inart ase of ore in sight and will be no difficulty in maintaining dainta ang the pre sent product and it is hoped that in the remaining six months of the year that the values will improve |