Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-02-20


city during the year 1905. The metal
came from 1887 dry tons OF crude
ore. 1894 tons Of concentrate, 2.0i7 tons
OF crude ore from the 400 level and ils
tons Of mill crude This product was sold
TO the smelters OF the Salt Lake val
ley, and the company realized there
from the sum OF sl,2Si.4JsT.
CHARACTER OF ORE.
The crude ore averaged 1870 10 the
ton, and the metallic contents consist
ed of 5286 ounces silver, .O4t ounces
gold 1870 per cent lead, l,s0 per cent
copper. and $40 per cent zine; the ay-
erage value OF the concentrate produce
ed was sJJ.bS per ton, and the values
ran So, g. ounces silver. ,0iO onuces gold,
2S1l per cent lead. t.67 per cent copper.
and 1850 per cont zine; the crude ore
from the 1900 lcvel had value Of s2i35
per ton, the values contained therein
going 1897 ounces silver, 1888 ounces IN
gold, 2J7l per cent lead, 1871 per cent
copper and 1850 per cent zinc; the mill
crude averaged s2s.ll 10 the ton, the
equivalent OF f01S ounces silver. .0S3
ounces gold, A.ii per cent lead. lS2
per cent copper and 1920 per cent zinc,
THE FINANCIAL EXHIBIT.
The financial statement presented to
the stockholders Of the company at the
annual meeting held IN Denver yester-
day afternoon showed the treasury 20
have contained on Dec. "a. balance OF
Gli,sS6 10, against $3.50, 1885 at the be-
ginning OF 1905. Aside from the sum
total received from ore sales, there
came In from other sources s2.70OS9,
making the receipts of the year aggre-
gate 81 .231 1880.
The disbursements, including sia2 900
paid out In dividends footed up to
si2S4.46S,7i. aggregated 81, lO9, i0i.e0. The
tax reserve fund shows a balance Of ST.
620.SS and funds in the Insurance res
serve account are stated to b. s9,67T.55;
and. In addition, the sum Of si6.t29i4
has been advanced to the Ontario Sill
yer Mining company on account OF
tunnel extension contract.
TONNAGE FALLS OFF.
As compared with the previous year 8
output 1905 there was falling off
In ore mined of 23,302 tons. with a
corresponding reduction in output OF
each OF the metals, there being 797, 264
fewer pounds OF copper, SS7S.i66 less
pounds Of lead. l.079il ounces shortage
In gold, l.265 ba6 I'm silver, and 3,99S, s9i
pounds of zine.
METAL MARKET HIGHER.
notwithstanding the extraction Of
this decreased tonnage, the difference
in receipts In favor OF 1903, was only
Sb7O,2l4,i2, This showing Is due To
the healthful condition OF the metal
market. The operating costs have
also been reduced, and, with these two
items taken into consideration, the
increase In the surplus may readily be
accounted for.
General Manager Ernest Hamburger,
In his report TO shareholders at the
meeting IN Denver yesterday. stated
that the developments of the year, on
account OF the stoppage Of the Ontario
drain tunnel. have necessarily been
confined 10 the upper levels. owing to
the intrusion Of water In the lower
levels. The result Of the campaign
above, have been only fair the work
IN the back vein particularly not hav-
ing come up To expectations. How
ever, some pleasing revelations are
expected on the 1900 level before very
long. The physical condition OF the
mine, because Of the naccessability
of the lower levels Is, therefore, not
as good as reported year ago The
hope Is expressed that the ontario
tunnel win be opened within the next
few months, when the extension Of the
tunnel VIII be carried into the COM
pany's ground 20 the depth OF about
100 feet.
Manager Bamberger says the COM
pany has IN contemplation installation
of facilities for the treatment Of the
zinc product, but probably nothing viii
be done towards that end until the on
tarlo tunnel situation Is more salts.
factory.
ONE CHANGE IN BOARD.
In the election OF the new board OF