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Show MONTANA-TONOPAH IN GOOD CONDITION Montana-Tonopah Mining company stockholders held tholr ninth annual meeting yesterday morning at the office of McCornTck & Co,, but the company will open offices at 201 New-house New-house building, with Thomas K. Stevens Stev-ens as resident agent for Utah, of the ovtr 000,000 shares Issued, there wero represented at the mooting In person and by proxz 709,405 shares A board and officers were chosen, fa vorable reports from the mine read and the time of holding the annual meeting changed to the first Tuesday in October. The board of officers for the ensuing ensu-ing year elected at this meeting Is as follows- Henry D. Moore, Philadelphia, Philadel-phia, vice president: J. M. Winn, Phll-'adelphia; Phll-'adelphia; William P M. Braun, Philadelphia; Phil-adelphia; Dudley Baldwin, Cleveland; W. E. Knowloa, San Francisco; W, B Alexander, Tonopah, secretary and treasurer; Thomas J. L.ynch. Tonopah, peeond vice president; Charges E. Morris, Pony, Mont.; Charles E. Knox, Berkeloy, Cal., president and general manager. Tho articles of Incorporation were amended, changing tho date of tho annual stockholders' meeting from the second Tuesday In September to the first Tuesday in. October, to enable the office force to furnish complote returns re-turns for tho year closing August 3L The year Just closed, August 31, Is the most satisfactory Ip tho company's com-pany's history. Fifty-two thousand and ninety-two tons of ore were min ed and milled, against 50,215 tons for the preceding year of 190910. Net profits this yoar, $172,602.52, against $134,715.40 for tho preceding year. Mine Superintendent A. H. Lawry showed a reduction in tho mine costs of 20 S-10 conts per ton for each ton mined, as against last year's cost. Mill Superintendent TJonjamln A. BosquI reports reduction In mill costs of 64 4-10 cents por ton, as against the provlous year's costs and 'an aver-ago aver-ago extraction of ninety and seven-tenths seven-tenths per cent. Secretary and Treasurer W. B. Alexander's Alex-ander's report shows dividends amounting to $120,000 paid during the year, leaving an available cash balance on band at the present time of $2641S0 and further that tho company com-pany has no Indebtedness. New ore bodies recently developed In the South and McDonald veins have greatly Increased the oro reserves re-serves and the management starts In tho new year, with tho cxpectatlpn that the rosults for the ensuing year will bo even better thna for the year Just closed. The now oro body In the South vein has been drifted on for a distance of 150 feet with no footwall in sight for the last fifty feet. The only crosscut cross-cut run on this vein shows a "width of sixteen feet of hJgh-grado milling oro. oo |