The weekly tribune. [volume] (Great Falls, Mont.) 1891-1894, 1893-11-03
\ SPLENDID SHOWING.

The Engineering and Mining sJournal
of October % contains an abstract of the
official report of the Boston ~ Montana
Consolidated Copper and Silver Mining
company, located at this place. The
showing is a tlattering one. and one that
is calculated to brace up the dropping
spirits of the weak kneed who ave been
somewhat flattcned out by adverse sill
YER legislation. The report says:
The directors have decided to change
the fiscal year of this company to make
it correspond with tho calendar year and
will issue. after tho close of the year, a
full report made up to Jan. l, lSol
which will contain much more interest
ing information than could be given to
the stockholders now. 1t will then be
possible to show tho result Of the Great
Falls works after an operation Of six
months. Meanwhile they make the fol-
loving financial statements of the COM
pany Us Of June 30 and Sept. 80, 1893,
which show the application of the money
received from the sale of the 1900
shares increase of capital, and the tinan
cial condition at the time Of the last
named date. The Butte smelling works
we're closed in June, and our entire
smelling has been done at Great Falls
eince that time The reason, therefore,
for senGing statements as Of June and
September is to show the benefits being
derived from the operation of the Great
Falls plant,
The liabilities of June Both were: Ac-
counts payable at Boston. S5iS,359; at
mine, S79253: at Great Falls, 5IOO,S0l:
total, S72S,il
Boston, and copper and silver on hand
sold but not paid for, Sl13.0iG: accounts
receivable at Boston, 5S,2G9; accounts re.
ccIvablc. cash and supplies at mine, s2l.-
l1O: accounts receivable. cash and sup
plies al Great Falls. 81. lm,; total. 32U,-
sol: showin- Il balance of liabilities,
June Both, Of l5N.Jl9
The assets Of September 3oth were;
Cash ia bank at Boston. and copper and
silver on hand sold but not paid for,
Sii3.-Gs: accounts receivable at Bustpn.
5l7i.lI2: accounts receivable, cash and
supplies. at mine, S2O,G9l; accounts re
ccivablc, cash and supplies, at Great
Falls, :1G,S:}9: total, :GlJ,lI}.
The liabilities we're: Accounts pay
able at Boston. ~5lSJ,JiG: at mine. $50,
100: at Great Falls, Sl37, 49,: total, $40,
2O1, leaving a balance Of assets. Septem,
her 3Oth, Of S20jI}lG.
The statement Of - months business
shows: Gross receipts from copper and
silver shipments from Butte and Great
falls. si,1ii,ll1; total running expenses
including freight, commissions, Liver
pool charges, and all other expenses OF
handling copper, S3.I30,9S2, leaving the
mining profit $6l3,l35. To this Is to be
added receipts from sale of stock, SGD.
coo, making a total Of Sl,243S,l35.
The payments were: Construction al
mine and Great Falls, 339G,77i; bondi
bought, redeemed and cancelled, OF iirs'
and second Issues, SlS7,OO0: interest OF
bonded debt, premiums on bonds re
deemed, and other interest, and com
missions on new stock underwritten
3292,4l3, a total of 5S7G,lS7. This leavcI
a balance OF s:3Gl ,9i8, which is represent
ed by the change Of a balance of liabili
ties, June 30, 1892. OF Sl5G.GG3, to a bal
ance of assets on September 30, 1899. o
s2O5,34G.
The report does not include in tn,
above statements Of assets the copper OF
hand in process in the smelling work
and the e~lectrolytic plant and in the or
reserves 10 the bins, which is estimates
to be worth 100000, but includes in tn
account all the expenses incurred on tn
same. Construction account at Grea
Falls is virtually closed and the plan