Show zuma stockholders 41 are given report 0 r secretary v and president of I 1 company issue statements much yv development work 13 during past year 0 during the week t the officers of WV a the zuma mining company furnished the shareholders with a complete re po t for the affy year ending july this report jf shows that the company w af expended ag 34 for the year and ayt during that tasy time a total aff of y feet of work was performed www as fol ww lows feet of drifting feet Y cf calsing and 74 feet diw of sinking jw president P J fennell states that the present equipment has f been a serious drawback to rapid and miss economical development 2 of the bopa if ground but the officers w af have used the means at their command 7 in a ff ayi careful wy and i systematic manner which kapi Ky pi did not permit of any waste ile feels 7 that the ST main shaft or the should be vy deepened if the ore showing continues to improve work 82 at 22 the present time Is confined to raising and sinking fioti the soo z level a well defined streak of ore showing 7 in each place when 7 the y z from the reaches the level drifts feiy will ff sw be w sent out if both m north and 7 south on the ore channel afar the financial ie ww statement if if of the zuma shows f that the company had zy an indebtedness w of about 22 when vw the report aw was compiled over 7 share ia of jaff stock remain in the waw a treasury 2 out of the capitalization of iseff 1 shares f |