Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-03-09
HORN SILVER
REPORT ISSUED.
Covers the Year 1904 During
Which IS OLE lous Of Ore
We're Produced.
THE COST or EXTRACTION
Is Given 10 Detail--Nauager Farms.
wOrth's Statement--Cash on Hand
Jau. Was Sl5JSOo, IS

The annual report Of the Horn Sill
Mining company covering the opera
lions of that corporation during the year
lsOi, has been released. Like previous
documents issued from the same
source, II covers every department IN
comprehensive detail so that all stock
holders can at moments glance
through its pages ascertain just what
has ben received from every pound
of ore extracted from the mine, just
what 1t cost to produce IL etc.
Altogether there We're 1892 tons Of
ore produced. OF this 522 is classed as
zinc, l,723 tons OF first class, 2452 tons
of copper 1852 tons OF crude and 1850
tons of milling.
The metals produced from the ores
sold aggregated 6432,Sb5 pounds Of
lead, 1854 ounces In silver, 593 ounces
In gold, l,5SS,2SI pounds OF copper,
39l, 676 pounds Of zine
The cost Of extraction Of each ton
Of crude ore was S5O66 and the cost OF
concentration at the mill was Sl592.
The average value Of the hrst-class ore
produced per ton was $l2.02; frst-class
copper ore, S2S.55, irst-class lease ore,
$2O.4; zinc ore SI05, and concentrates
Sl3.2i,
Manager z, T. Farnsworth in his re-
port stated Physical conditions
have materially changed since my last
report. We stll have large bodies OF
low grade ore with the usual percent
age OF shipping product. We have de-
Veoped what appears TO be an import
ant body on and below the north 500.
The per centage OF lead value
is considerably below the gem
eral average, but the silver
Is correspondingly very much
above, This is IN new ground and we
are reasonably sure of good results,
THE next In Importance Is the south
800 level, where we have large quanti-
ties OF low grade ore, with about 20
per cent OF high grade ore, 40 per cent
lead and 10 ounces in silver How
ever this ground is broken, having been
affected by the cave, so 1t IL difficult
to tell what we will get further on.
South Of us Is all new territory.
THE bodies OF zinc ore referred to In
former reports have not been disturbed,
only for trial shipments until quite re-
Gently when the unusual price OF
spelter IN New York made II possible
to ship this product at a reasonably
good profit, The net profits from the
Mercantile company for the year are
$4,000"
The financial statement SHOWS re-
oeipts from the sale OF concentrates
$3.50. ~; sale Of copper ores, S6752047;
irst-class ore $99,553.3S; lease ore, $685.
1924; zinc ore tailings, etc, $685.
81; net proceeds from house rentals at
Franklyn, S5525O; interest on sundry
amounts 81 1883 surplus from Frisco
store, $1,000, which added to the cash on
hand on January l, 1904, Of S5l,265.O2,
makes total Of 70,99S,S9
In the items Of expense, SS0,6l49O was
paid out for mine and AO9lb5 for MIL
operation: $21 ,i2070 In royalties; $751;
6A9.g5 I'm general EXPENSE 100000 The
treasurer's books showed cash on hand
Jan. l. 1905. OF S5l S9O.SS, while there
were call loans outstanding agregating
$4,000, and supplies on hand to the
vlue Of So 1851
The assets of the company are placed
at LOGS, SETS, while the liabilities are
none. About 1000 feet Of dead work
was done during the year.
1t Is believed the company VIII post
dividend again during the month of
Aprii