Show TONOPAH EXTENSION SHOWS UP POORLY P ORLY Stock in Schwab Company Approaches Vanishing Point Pointon on Reports New York May 18 Following Following close upon time the official on that the theore theore theore ore bo bodies of ot the Consolidated Mining In which Charles M. M r. r Schwab Is Interested heavily had imad turned out poorly at an al almost almost nl- nl most equally unfortunate state tato of or af affairs at- at fairs developed to today ay at the annual meeting of the time shareholders ez's of or the Tonopah Extension Mining company In which Schwab ab who Is president ent of the tho Bethlehem Steel corporation and formerly formerly formerly for for- merly vice president of t the tho o United States Steel corporation Is Interested i Schwab an and about twenty five shareholders share share- holders holers from Philadelphia arid And Pittsburg PItsburg PIts PIts- Pitts- Pitts burg were at the meeting The Time stock Is held extensively In Philadelphia an and PIttsburg Its Is de decline do- do dine cline was as one ono cause of the ment mont of or William Montgomery omer cashier of tho time Allegheny heny National bank which failed recently Costly COU Mill 11 r mry At the meeting tOla today John Kerchen general mana manager er o ol of tho the company rca read reada a long IonS report In which it I would i 1 bo be O necessary to construct a 0 mill mi to cst cost ost to to make the ore ore- oro oreIn In Insight Insight insight sight worth taking out as the time cost cst of having It I milled elsewhere would eat at up all aJ the time profits Tho Time committee which had been appointed appointed appointed ap ap- ap- ap pointed by y the directors to examine the mines reported that they ha had been un unable unable unable un- un able to mal make e an aim cn In Independent examination examina examina- lon tion but had drawn their conclusions from the time data ata furnished b by the time manage manage- ment mont The report of ot tho tIme committee was sharply criticised and finally Henry Crum Crumn an expert mining cn engineer was appointed to make an examination of the property and to report at a 0 meeting meeting meet meet- In ing to be herd on August 18 IS The stock of tho Tonopah Extension company sold down from 1 3 IG to 16 ll-IG ll share today It I has sol sold as high as 23 3 a aj a I I |