| Show eagle sEagle blue bell Earnings For year mine made an excellent record during past twelve mont months lisp victoria mine also promises to become a big shipper the annual report of the cagle eagle blue bell mining company shows an all increase of over 11 in earnings in 1916 as compared ared with the previous year for the year ended dec 31 last net earnings were equivalent to 17 per cent on the out standing stock compared with or 14 per cent earnings n 1915 in 1914 the company reported net earnings of 0 in spite of 0 the tile fact that shipments throughout the year were kept down by the smelter the company increased its earnings two dividends were paid during daring the year each of 5 cents calling for or the distribution ot of 89 of which 65 accrued to bingham minee mines as the majority majo rily owner 0 of the stock during production of lead totaled 5 81 pounds compared with w ith S 8 34 pounds in 1915 and 8 founds pounds in 1914 silver product production iod last year showed a drop to ounces ounces against ounces 1915 gold production in 1916 totaled ounces against 1 ounces in n the previous year aa As compared with 1915 a decrease of 34 cars or 1 dry tons Is shown whereas a substantial in crease would have resulted had the mine been permitted to work to ca opacity the net not smelter returns however show an increase of 0 43 notwithstanding the decreased tonnage this is 13 accounted tor for largely by the prevailing high price ot of metals the installation ot of the new electrical equipment referred to in the last annual report was completed in march and has been in continuous and satisfactory operation since that time the erection ot of this new now building with the installation ot of the electro cal equipment referred to including an electric signal system in the shaft gives the lagle blue dell mine a most permanent and modern plant and the change from steam to electric power has effected a very material saving the mine has been operated tho the entire year but not to its full capa caps city be because causer ot of the installation of new equipment in the tore fore part of the year and the curtailment ot of by the smelters commane ing in june in may the output had been increased to tone tons per day at which time due to the congest congestion iou of ore the smelters were obliged to son force the minimum tonnage clause of contracts thia this reduced sLip shipments ments to about 60 50 tons per day f fir r several months developments tor for the year give promise ot of victoria consolidated becoming a large producer buting the first part ot of the year operation 4 were mostly confined to making connections with the ragle ulue blue bell workings to facilitate mining operations but soon after the con notions no ne had been made owing to I 1 the tile congestion ot of ores it st the tile the company was obliged to dia dis I 1 continue conff nue shipments in ili the last few months ot of the year shipments of 0 ore were resumed and the net earnings amounted to 15 5 9 ot of the garn earnings ings being the last month of 0 th year |
