The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-01-10
ANNUAL MEETING OF
G0LDF|ELD CON.
Much Interest Taken i'm Session
to Be Held in Evanston,
Wyoming.
MANAGERS REPORT
WILL BE FEATURE
Convincing Reasons in Support
of Increased Output
Prediction.
Special TO The Tribune.

Special TO The Tribune.
GoLDEIELD. New. Jan 9.-OfticialS
or the Consolidated Mines company have
left for Evanston. Wyo., 10 attend the
annual meeting OF the company, 10 be
held there on Monday, January 10, At
this meeting the annual report OF the gen
eral manager will he submitted. and al
though the contents of the report cannot
be learned and will not be released until
after the meeting, it is known that the
conditions OF the properties OF the cor
poration as set forth In the managers
statement. will prove of a most satsfac-
tory and gratifying nature. 4 story ap-
pcarins in New York weekly publica-
ton, issued in the interest of group OF
discreditcd stock johbers. declaring that
in his report Manager Mackenzie woulc
place an estimate OF s21 600. 600 on the
value of ore reserves above the .1O-foot
level OF The mines. is Officially denied l,;a ana
and cents OF the value OF reserves VIII
be made
solidated. left today for Reno on his way
to Wyoming. and Secretary and Treas
urer A. ri. Howe will leave tomorrow
j. H. Mackenzie. whose resignation AS
general manager was rendered at the last
quarterly meeting, but who remains WIN
tho company a director and consult,
Ing engineer is IN san Francisco ana VIII
be in attendance at the meeting. Others
who are expected TO be present arc )
-. Hubbard, vice president; William Z.
Balston and possibly j. II: Carstairs INC
new manager. l. K, l'inlay has arrived
and assumed his duties, On January u
the company viii pay the regular quar-
ccther with an extra dividend OF 20 cents.
making total ISGyGmnGent hm9Hnrlinhg an I'd
among about $500 stockholders
December Output.
While final returns from this company's
December output have not yet been re
ceived. official estimates place It at ~
ESQ tons mixed and milled, with gross
duction amounting to Sl65,g'Q1 1 and r,!i,i me-
profits for the month of SiSi,OoG WIN
these. figures II is shown that the COM
panys gross production in 1909 was near
Grafton aud maintenance. lncIudlnS tlt
purchase Of the subsidiary companies
the years operations were S59ol 5lolo-
During the year the Consolidated de-
,l5rcd dividends agsrcgatlng 81. SSl ,2SS
the Combina,ion Fraction $92 200, and
the Consolidated Red TOP Lease com
pany $50 900 making a total dividend dis
Production in 1909.
The state bullion tax agent. James +.
HALEY who is In close touch with mining
operations h1onshpGt nnf S'aE of nrecoHs p9n
metals In Nevada in 1909 at S%o.oOopoo
and forecasts an output during the pres
are generally conceded To be conserva- |
tive. Figures OF rho state production
have boon widely published. based upon
tn~ report OF tho bullion tax agent IN |
winch only the product is accounted for
iroou which taXSs have been paid. ana |
tie tax officer admits that large pro
portion of the output has escaped tax
al
and OF the various county assessors. |
The disparity in figures is emphasized 10y
vith less than the officially established |
production of Goidhcld.
Increased Production Assured
The production of the Goldneld dis
tlict win be largely Increased from this
time forward as tho Consolidated mill,
which has been treating from by TO
go tons daily. has been enlarged In ca
daily and will probably exceed This ton
mage with the completion of adjust,
monis to the machinery The cnlarse,d
and lessces who have taken over the
Gold Bar workings Of the c. o. y. Cou-
soiidated are about 10 begin the con
assured OF an ample tonnage of good
ore. Conditions on the Combina ton
Fraction are rep9rted 81 to .no,nd5 be tayo5e ex;an
sivc ruin OF the eighty ton leased mil
and the ssmpling plants Of the Nevada
Goidiicld Reduction company and the
Western ore Purchasing company arc
capable OF handling u large tonnage.
During last year the Florence Cold
field produced 31 .0S7 tons Of ore. with
q recovery OF sI3062o and net profits OF
$3.50 152 The relatively small saving
WAS due 10 the large sum for mill con-
struc,ion and enlargement besides eX
tensiye development all charged against
production. For vhe greater part OF the
year tie mill treated low grade ore
from the old dumps; and operated but
forty stamps and only within few
weeks OF the end Of The year was tho
capacity enlarged aud the quality OF orc
improved. The mill is now operating
tons daily. with high saving OF values
and in the mine tho old workings arc
being connected and large bodies OF eN-
cclent ore opened up at all levels down
to the seventh or 300 foot levcl
The Combination Fraction company
during tho first rccuuarters OF 1909
produced 1923 tons with gross re-
covcry OF s29o,Ii0 and net profits OF
SiI2,s2l: \ large amount, of develop
mont work WAS performed and during
ore ran low ~ present no ore OF COM
merci3l value is being hosted from the
mine the orc having given out during
October. but The bost veins. from which
down 10 The $50. are now being opened
up or the $40 and other deeper levels
and the minc is daily improving In ap-
pcarAnce, with large bodies OF low
now being sunk from the 6I2-foot level
AZ depth of 500 feet. from which depth
tlle veins viii he further explored, en-
cnuragemeni for this work being taken
deem deem 5sS snSSsn' result a,IsTSns
ella inns Of tho ('onsoIidatcd