Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-04-16
NEWHOUSE NOW ON
NEW YORK MARKET
Company Submits Report with
Governing Board Showing
Liabilities and Assets.
OTHER ITEMS ARE SET FORTH.
stock Has Been Sold on Curb iteFct"-
Sore--Cepitali1ed for SIX Hundred
Thousand Ten Dollar Shares

Thousand Ten Dollar Shares
Another prominent mining security
yeas admitted to the unlisted depart
ment of the New York Stock Exchange
Yesterday, says The New YORK Colli-
merriaI. The governing fomm'ttee
authorized the quotation of the 3t,V0v'-
$40 OF capital stock OF the NeWhouse
Mines & smelters which has hitherto
,,.ey dealt in on the local curb.
nh. governing committee also eNef-
eised its recently acquired prerosatlV'
violating to the method Of quoting IS
pnes by placing this new stock on III"
dollars and cents basis instead OF on
IA. percentage or par value basis ana
fixed the commissions which must %
charged by exchange members lot -
er,tiinf. orders IN this security az
Si2. 80 per Loo shares- ,... &
The stock OF the Newhonse hliu's -
Er1elteTs consists OF oVVsVVu sAtI e ..s,,,ss
value, however. for long Iille n SiS
1,fen alvnost double that Inquire, Wv
shares having been sold at public auc-
ssnn Yesterday at Sl9S74 per snare.
ON the curb 1000 shares were Solu at
s1e.s7iA and $40 a share, AS the ht9 tss
closed on the curb yesterday 90 ~
II recorded a net gain for the gay o.
~ cents,
CAl-rAL STOCK ISSUED
IN its application to Hist It's stock
no company states that It's entAre
eapltal stock has been Issued and Is
fully paid and non -assessable. Ai.e
company was Incorporated ON may ~:
la6s rlndar the laws of the stale OIL
New York. IL further states that the
ownership OF iis capital stock involves
no personal liability and that each
share is entitled TO one vote
The corporation owns the mining
claims, titles and properties OF the Gag
lus Srnelter a. Copper Minlls 20, ~
Newhouse Beaver county ptLu- W ,lIgi,
II purchased at an aggregate cost 81
Sd. zoo, 900, and issued capital stock
therefor The Cactus Smelling az Cop,
uer Mining Co. Was originally 1he HoSAl
Copper Co. which was organized on
Feb 2 1901, in Colorado The New
house company also owns ~ other lous
mining claims. containing Giu-e. acres,
the Mdvale Placer and the Midvale
Extension, containing 2lt,sb ACRES
townsite and land containing SOVo
acres, which it purchased from the
State of Utah. making IN all total
holdings of 9.22507 acres OF land.
The actual total ore In sight o. the
conpanys property Involves z'sez.so'
tons. with an additional estimated tom
mage OF ,92O.sI5 tons in sight Up to
March this ore ran 2-5 per cent cop
per, with SO cents gold and silver, but
later IN the month the company began
shipping crude ore taken entirely from
development work, which averaged
more than 90 per cent copper
MI. s.J,N rftntr tlaC
grade ores. putting about eight tons
into one, and producing Il concentrate
running from t6 to n per cent IN cop
per- The concentrates and crude ore
are shipped 10 the American Smelling
& Refining Co IN Garfield, Utah, FOR
smelling and refining.
SUBMITS COPPER REPORT
With it's application to the Stock Ex-
change. the company also submitted
it's report on Its copper sales and profit
and loss account from July ], 1895, 10
Dec. 81, 1906, which follows:
Year Half year
June 20, % Dec, 81, 'Os
TO cost OF mining.
concentrating trans
porting TO smelter
smelling and Teflm-
ing charges. and cop
per do II c ency
TO Snl Ssw York once iiss y 3 ''"'O'
expenses, including
Incorporation and
legal expenses, and
salary 49,. 80, ls.7a.M aSe5.4s
To interest on loans
and advances, less
Interest," on deposits, l,2SS.5s 237l 81
ssos,524.Oo s a5ol9i.od
bonds ~.- ,,...-.,e's 75OQo,oc; 45Ooo-oo
To balance forward,
JuiS ]. islG,..--,,,~. as575, IS
s 42t76s %
Surplus ,,,.-... .u..- sla7l. Os
SsSs ,52i@s Sl27il.o2
BY copper sales, being
proceeds Of refined
copper In shipments
from snil 10 snclt
er,
July j. 1905, to June
~, 1905, 5,36 ai6 lbs.5
July 81, l%e to Dec
q, lgO6 s5a3 no lbs. No si2Qa : 522 % |
H. e 3 I'll & x h I rage.
freight. insurance
cathode allowance,
apd selling cummf-
sion ,,...... ..,"..-. 1s.so9G s5s p |
tS53.slS,i2
pehicit ..,,..- ..-."t 2.tl5.ss
ssssd24oo 5Is1ii,e2
Tie company sbalance sheet AS OF Dec.
3l l,Q5. follpWsi
ASSETS.
Mining property Original COST 5000 900. %
Plant and develop
mcnt
Z underground expeDd-
turo .-.,.,,. ,,.-.,,,,. S3ss 1866
Surface expenditure. .sGi "A
Come 1tIntnr mlll and
machinery -.,,u ,,- 4s67i NJ
Water plant ,,,--.,,t.- ll5 40l
khilfoneh .,,,t. -4,,..- lbuSf.lg
'IpNnslle t,,--., t,t,-- 2,ON, ~
Salt Lake office exc
New York office exc
Ithfo ''.--s -~.titt.-- blH-l ~
interest ,.-.", u,t.-- 9,ullA
Inventory u refined copper
gold ana SILVER values not
settled tor and in concgn-
llNleh .tt,'-st. Observation-Disclosures iluliS, ds /
Advance 70 San Pedro, Los
Angeles a Salt Lake n n. on
account " cost of extension
thelng rfpaid out on Cpncen-
trates treiBhtHl ..-t,..-..... T2g2I g5 Il
Mines supplies and unoEpired
o i,nsur9nee ,.-.,,,- -..,o,..-,D- 27.D9.gs |
Nin'' lWN'ufe 'i',-.'ut .-.,,1- M aa /
,yz1lnHr1rusgnzra,.uz.u.