Show YEARS YEAR'S OUTPUT OF CON GON Report of President Broughton S to the Shareholders of Company DIVIDENDS WERE LIBERAL LIBERALI I Surplus Surplus- in Treasury With huge HIIRO ie- ie eri e. e Ui C Ground tomi uI n s 's Splendid Boston publications containing the tite annual report of the Utah Con of atc arc making their appear ance The exhibit a gratifying one omie comprehends the 12 months ending December SI 1 that period the management produced bullion of the iho value of for which it re received re- re the expense of ol refining transportation etc had been de- de si During the un period the company dividends div amounting to and closed with a surplus of In the report submitted by H. H Broughton president of the company coot com pany the following is revealed Developments nt iii Ume m continue to tobe tobe be satisfactory U s re now being tons ton of oie In sight UK mis with Ith X tons on March 4 4 1903 There was mined s tons Ions of sulphide copper ore tons of ox gold ore oie and tons of lead leaI ore a total of tons The treated tons ot of sul- sul ul- ul ole oie and 12 tons of oxidized ore an average o of tons p ver r day of sulphide sulphide sul sul- ore Time The product of the tho ores ares was pounds of and the tho bullion bullion bul bul- lion when refined yielded pounds of line fIne f ounces of flue fine silver and and 53 ounces of tine fine gold Certain additions have been made at the mine and smelter with a view of or decreasing cot cost of operation Expenditures Expendi tOtes tures in connection c with smelter gases have been largo during the year jear This problem lies has been vIgorously y taken hi in hand liand with time the result that a method of treatment has bus been devised and put In operation on ott a small scale This method when extended is f to render the smelter smeller gases harmless and return a revenue to the company from the re reCOVer recovery re- re COVer covery of values In the tho slag The rime report says that during the year 54 feet of exploratory work was done Of 01 this foot were In rock and f tc in ore Time The result of this was to put In Right nearly J tons of ore practically all from froni ore bodies the existence of which wa was not previously known In Ini i mu least two of these ore oro bodies the lImits have not yet been reached and an additional addi tonnage is still being opened up In them This exploration wa was confined to the upper levels for although the lowest low low- est St workings In all the ore chutes arc aid In iii ore and by sinking additional ole ic- ic serves herves could be he put hilt in sight It was was' considered con con- better policy to first firm thoroughly explore the tho upper portions of the mines both from the standpoint of good mining and to avoid constant pumping and hoisting hoist hoIst- log ing expense Time The tonnage of sulphide copper ore now Jn In sight Is estimated at tons While the local management of the properties permits Itself to discuss ic- ic Mills only at long Intervals It is known that since the tho first firs of time the year the output of bullion has exceeded all previous pre records while bile under ground tho condition has never afforded so mitch assurance ance of long life and profIts prof- prof Its Manager Channing Indeed has mt the lie most gratifying re- re stilts and at time the rate of ex extraction cx- cx traction It would be difficult to compute com coni- flute the years year of ore oro exposed expos and ready for economic extraction EARNS Ills HIS Salt S I Boy Wins Recognition In State A letter fi mn Manager James SquIre of Granite of ot mines the Gap operated op Of- by the th t iS S. S t M. M D. D company in New Mexico announces the m ril of T. T Fulton who left the diggings of this state lo 0 enter those of or time southern country some tIme ago to 0 the of tha propertied Manager supple supplements ments his announcement with a that will be read with a good deal of satisfaction by th the friends friend of the new superintendent in Salt Sail Lake Mr Fulton Ful Fuh- ton at time the properties about the lie time Into they were being condemned by his who had said the ore bodies were exhausted exhausted- and took charge of or a shift underground After itei n a short time In ne new territory and anul in Ip ground that hint had been neglected I hs tIme the former the tho began be be- gnu gan to 0 take place One bunch after another of ore oro began lo to appear finally the news was dispatched to the hi aw York that liar the ore body had en bt-en covered it-covered anti and at am this time It is characterized as al the larg largest est and auth productive lead mine Inthe in inthe the In t country recognition df If his services and amid tIme fact that under his x the lie property hail had been restored t to the prosperity of former years year Mr according to ii the letter received b Dr P. P S S. Keogh from room the management was promoted to the position now mit- occupied by him |