The San Francisco call., 1906-04-09

produced total value Of $S76, ,361.3f The
current operating expense was 1881, ,313.73.
The operating profit was therefore $685.
| VSf5S In the year the sum of $207, 49, 10
was set aside for various purposes, main
ly for development work and general i'm
provement, applicable TO future opera
! tions.
| Inis reduced the actually available cash
profit to s294, ,2e7.39 Dividends were de-
clared to the amount of $1s5, $50, which
was at the rate of per cent on the capi-
| tai stock then outstanding and there was
a net remainder of $9S 900, ,0000 in round
hgures to be added to the cash surplus
| tund. The figures Of operation are fully
as interesting as those relating to the net
results in cash, as illustrative of the
present mining costs in Nevada County.
! The total output of the North Star prop
critics is reported. officially. 10 have been
1850 tons in 1905. yielding $l130 a ton, cost
ing N.92 a ton for operation and $3.50 ton
for development work, amounting alto
gether to 1922 a ton and leaving profit
Of S5.o8 a ton, without any allowance for
! improvement outlays. These outlays are
| estimated at SIPS ton, reducing the cash
net surplus to $50 ton. The directors
| report that while the yield has been re-
duced about one-third in value (the aver
age value of ore in long period OF opera
| ton having been ST tom the costs have
| been diminished in the same period,
/ about one-half, still leaving profit of
about S. ton on an output of ore about
three times as large as that Of former
/ years"
| Important litigation concerning the
Zantgraf mine in Ell Dorado County has
| finally been settled by decision of the
Court of Appeal at Sacramento. The
| Zantgraf mine was considered a good
property for many years. 1t passed into
the possession of a corporation about 1899.
! the. Montauk Consolidated Gold Mining
Company. Work was carried on by the
corporation for about a year and then the
company ran heavily into debt for labor
and supplies.
In April, 1901, the indebtedness of the
company amounted to more than $4,000.
William Dallas Goodwin received a deed
| from tho company and he agreed to pay
the debts. A petition was filed In which
| 1t was alleged that Goodwin had made
certain preferences and 1t was asked that
the company might be adjudged to be an
| insolvent under the laws of California
The Superior Court in El Dorado County,
when the matter came to hearing, ordered
that the deed to Goodwin should be can
celed. Goodwin appealed. The Court OF
Appeal has affirmed the judgment of the
Superior Court of FL Dorado County.
AS the result of the decision the prop
erty Is given TO united States SeHdtOT
Nixon of Nevada as assignee in insolven-
cy, to settle with the creditors.
The Bullion mine In Sierra County, for
merly known as the Colombo mine. is re-
ported to have been sold John Spellen-
berg. Samuel Deyine and f. J. Cook Of
Sierra County have been the principal
owners OF the mine The property is near
the Sierra Buttes mine.
At Seattle the claim is made that the
| mineral output of Alaska and in the
Yukon this year will amount, Jointly to
| $32, 10000 of which the Tanana district
will supply about s14.000, 40.
The mining dividends of Utah In March
amounted to s2s6. 500 of which 100000 was
contributed by the Silver King and $10S, 900
by the DalyWest mine.
A scheme is on foot In Colorado for the
construction of a reservoir to impound the
waters of the st. Vrain. This invlves the
moving away of the inhabitants Of Lyons,
town of 700 inhabitants. the construction
of dam that will cost between 81. .000, ,0G0
and $3.000,000 and the storage of S.000.00
cubic feet Of water. or much more than
the Croton reservoir at New York hoIus.
The top of the dam will be more than
| 2300 feet long as now devised.