Show I MINES AND MINING EDITED P. P W. W r L F UNITED STATES TO Smelting Company Mak Makes More Money Despite Adversities MEXICAN MINES HELP HEL Met Revenue a Mouth Month From That Source 1907 Reports r That the United States Smelting rt Re- Re 5 and company despite despite- In n the way of ot low metal prices arid and the closing of Its smelter In Ui the Salt Lake valley alley by Injunction Is rull fully S maintaining Us its strong position In th the financial world Is shown by the tho reports of last years year's operations submitted at i itile tile tho annual meeting of stockholders Just held In Portland Me Tue reports which arc for the yen year ending December 31 1907 show profits profit amounting amounting- to and the un undistributed undistributed distributed surplus amounted to as compared to Decem December her ber 31 1 1906 Settlements for metals metal during the year show that copper av avS averaged S 20 cents a pound lead 5 0 to for the tho pounds silver Co 20 cents ai an ounce and gold fold 2065 2005 an ounce Th metals contained in bullion produced b by bythe the company mines as well a as the custom cus custom tom tom ores was pounds of cop copper copper per pounds of lead ounces of silver and ounces S of gold President Shar and Managing Director Di rector Holdens reports showed the phy physical Ical condition of the tho company mines S to be excellent During the year there was tas produced from the company minol Ih lh Utah California a total of tons of ore and the value of the contained J Ju proportion 56 pet per percent cent copper 4 per cent lead IS ounces silver and 22 2 ounces gold Greater Grenter Profit Duo Due With general conditions Improved S the United States company Is In a position post post- tion to show how greater profits from Its mince and smelter plants than at any anytime time time- time itt In Its history In this state It will soon have Its valley plant In cominis- cominis ion Its most moat n tion during the tho year has been clearing Its titles to the properties which have ore of more than In California Us Its smelter has been enlarged and Its mammoth mines arc now v making more money than nt at time since the properties were first up Its 1 Nov cv nice profit mines are aro now making a earn earn- AlC froen their output anti before the of l c shown S tUu S. S OYO I UX a New ew director of the company were elected as follows Frank G. G Webster of Peabody and company Pres Pres- l ton Clan Clarl Robert J. J Edwards 01 of the me Edwards mill Stephen L. L L. L Bartlett executor of the estate of Joseph elected re-elected as cr Four directors wore follows Charles F. F Brocker Robert Treat Paine William G. G Sharp and Henry II IL |