The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-11-04
THE BOSTON { MONTANA
Excellent Financial Showing Made
for the Three Months Ending
September 80.
The Plant at Great Falls Has
Proved to Be q Success IN
All Respects.
Depression In Australian Mises-Talh 81
the Parrot Re<lning-The Outlooh
1 tho C0ar d'AlenoA

The directors Of the Boston Il Montana
Consolidated Copper and Silver Mining
company have decided to change The hscal
year Of this company TO make II CORE
spond with tho calendar year, and will
issue, after the close Of the year, u full re-
iort made up to Jan. l. 1894, which will
contain much more interesting information
than could be given to the stockholders
now. 1t will then be possible TO show the
,ssult of The Great Falls works after an
operation of six months. Meanwhile they
make she following Anancial statement OF
che company as OF June 30 and Sept. 80,
1893, which show the application Of the
money received from the sale Of the 25.Uo
shares In crease Of capital. and the financial
condition at the tims of the last named
date. The Butte Smelling works were
closed In June. and our entire smelling has
been done at Great Falls since that time;
the reason, therefore. for sending state
msnts Is Of June and September Is 70 show
the benefits being derived from the opera
tion of the G, eat Falls plant.
The liabilities ON June 80 were: Accounts
payable At Boston. S55S. 359; at mine. $79.-
2b3; at Great Falls. 500. SOL; total, $72s.-
413. Tho assets were: Cash in bank at Bos-
ton and copper and silver on hand. sold but
not paid for. $173. 046; accounts receivable
- Boston, IS. $50; accounts receivable, cash
and supplies at mine. $21. 40; accounts
receivable, cash and Supplies At Great
Falls, $75. 409; total. $277 1874; showing .
balance Of lab. itiss, June 30. Of $450. 519.
The assets on sept. 80 wore: Cash In
bank At Boston, and copper and silver on
hand, sold but not paid for. $343. s6s; ao-
counts receivable st Boston. $174, 152; &C.
counts receivable. cash and supplies, at
mine. $40, 694; ~ccoants receivable, cash
and SUR los, at Great Falls, SIG. $3.50: total,
$616, 553. The liabilities wore: Accounts
PAYABLE Al Boston. $1S5 946; at mine. $50
1893; at Great Falls. $137, 462; total. $40
$205, 346.
The statemens Of fifteen months bust
ness shows: Gross receipts from copper
and silver shi' ments from Butte and G'eas
Falls, 81. IA, III; total running expenses.
including freight. commissions. Liverpool
charges. and all other expenses OF hand
ling conper, 90. $50, $50. leaving the mining
profit &6l3. las. 10 this IL to be added re-
ceipts from sale Of stock. S625, 600. making
q total Of 81, 235. l35. The pAy ments were:
Const uctlon At mine and Great Falls.
1886, TIA; bonds bought, redeemed and can
cs!led, of II 81 and second issues. $lo7. OOO:
interest on bonded debt, premiums on
bonds redeemed, and other interest,", and
commission on now stock underwritten,
t292, Alb. q total of SS76, 1877. This leaves a
balance Of 1851. 94s. which Is represented
by the change Of a balance Of liabilities.
June 50. 1892. OF slb6. 6o3, 10 . balance OF
assets on Sept. 80, 1898. OF $206, 346.
The report does not include in the above
statements of assets the copper on hand in
process in the smelling works and the cleo
Srolytic plant and in the ore reserves in the
bins, which 10 estimated to be worth $780,
600. but includes in the account all the
expenses incurred on the same. Constfuc-
zion account at Great Falls is virtually
closed and the plant there completed and
paid for.