Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-01-25
Submitted to the COmpauy's Stock
holders This Afternoon,
MINES OUTPUT FOR YEAR.
strikes In the Mammoth and Lower
Mammoth -uiseriian-ous Min
Ing Items.

The Mcfcur Gold Mining and MILLING
company held It's annual stockholders
meeting In this city this afternoon.
John Dcrn. president and manager.
presiding. The meeting was attended
by an the directors. representing the
greater part OF the cnmpany'a stock.
and was harmonious In every respect
~ much 10 that nrquicsccncc was ren-
ernl In every recommendation made by
those submitting annual rrpurin
John Dorn'H rcnori nH president and
manager, was an Interesting document.
ana was listened a. With rant nttpn-
ton. ~ disclosed the Information that
during the year 1925 the company
mined and millcd s0.fs tons net. this
representing the amount nf dry ORES
coming from i0s. iSs tons. the rfona out o.
put ~ the mine. This orr was handled
nc saving Of sa.dl per tom giving "a
total bullion extraction ~ $50. 3ei.g'.
The average expense Tor mining
amounted to u.i6 per ton. milling -
cent?. aud railroad freight % cents,
making u total expense prr ton OF s. ga.
In this connection Mr. Dem calls at
tnntion 60 the fact that the expense ~
handling the ore was materially re-
duCcd during the year. the cost ~
mining being % cents prr ton less than
In ~. while milling was reduced ~
cents per ton. The tonnage was 20 per
cent greater than the year before.
while the total cNpeiiae for mining and
milling was less than per cent great
~. Ia other words. Hn increase ~ L.
80 tons of on" WAS treated at On ad-
ditinnnl expense 81 ti,iG9.
During the year tho company total
receipts amounted tn fisi.lGi..l. which.
added to tisS.assio. the amount Of cash
on hand Dec. "a. 1887. makes a total OF
$500. 1881. From ais there was dis
hursed. for general expenses, aside
from dividends. the sum ~ fgs0. $50 -.
ana Tor dividends "a total ~ &lfi. UUD.
leaving a cash balance on hand Dee.
~, 1895. nf f2i,jGG.aG The year wit
messed the payment OF iivc dividends ~
$4,000 aud seven uf $4,000 each. the
amount now being paid to stockholders
monthly. The expense account also In
cludcs min buildings. which cost the
company In the ncighborhuod NJ 81. 600.
Commenting ON work during the
year, Manager Dcrn states that large
amount Of base ore has been cncoun-
tered. the treatment ~ which he cnn-
sldcrr worthy the attention Of the CONF
pnny's directors. These ores have been
found principally In the Lulu ana MINI
rod workingu The former however,
showing "a large vein ~ good milling
ore. The report refers 90 the prospect
INK 81 the lower or third vein. which
has been frauEht with considerable
success. demonstrating continuity Of
the vein throughout the entire proper
~. Mr.. bern also refers a. the recent
improvements made On the company'r
plant. giving II capacity OF 900 tons.
and suggests tn. treatment ~ hccum-
ulatcd tsillngr "a early In the spring
nH meieorologich rundiupnA- MIL per-
NIT.
Superintendent Edwards reports the
general outlook fot the property good.
and calls attention 60 the Apex Incline.
which. says he. ~ nearing the ore
chute. Mr.. Edwards suggests the put
ting In ~ air drills, suggestion which
II also brought To the attention Of the
company by Mr, bern.