Los Angeles herald., 1910-05-01
RECEIPTS AND DISBURSEMENTS

February 13l,ol3b0 Eloill4V4 OLD, 4os.ol
March ........ 971,62S.09 2Os, 249 4S 76S,S7S.61
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Totals ..s2, 1872 2s1.sS s6Os. 95s2 s155S, 1855
Dividend No. 6, paid Jan. 81 1910. 81 7I9, $500
Cash balance March 81, 1910.......$2 81 1S9,2 241.74
Continuing his report, which is con-
fined to the company's financial af-
fairs and does not deal with mine de-
Velopment the secretary says:
ION the night of April s an eXplo-
sion of distillate in the refinery at the
mill caused fire which destroyed the
refinery building and other ADJACENT
, outbuildings, including the conveyer,
it's approach to the mill and two stamp
batteries. The property loss is rela-
lively small, probably not in excess of
$125,00 At the present date 70 per
cent of the mill is in operation. The
damage to the mill will have been
completely repaired and the entire mill
operating within ninety days. Pending
the restoration of full efficiency suf-
ficient ore will be shipped to offset the
loss of 80 per cent of the mill capacity
and the company's normal production
and net earnings of approximately
$500, 900 per month will be maintained
NEW RECORD ESTABLISHED
Owing to the fact that a large por-
tion of the mining force of the Con-
solidated which was formerly employed
in production was retained after the
Ilf6 ana put 10 Work on OeNelOp1QeQC II
is expected that the amount of new
work during April will establish a new
record in this direction. 1t is reported
that the work during April has been
attended with results equally as sat
isfactory as those of any prior month
in the company's history and that the
deeper levels, particularly the 100O-foot
level of the Clermont and the $50 of
the Mohawk, are making a showing
unsurpassed in former work. In the
monthly report of Manager j. r. Fin
lay, wherein are included the esti-
mates of the amount Of new ore re-
serves placed in sight as a result of
the months development, only that ore
is taken into account which is actu-
ally exposed and rendered available
for extraction on the regular levels of
the mines. Raises, wines and inter
mediate levels are constantly establish
ing the continuity of these ore bodies
and proving the potential stopping
areas throughout the mines to be of
colossal proportions.
HIGH GRADE ODE
The tonnage of high grade ore al
ready blocked out in these mines. par
ticularly above the 600 level in the
Mohawk and on the 750-foot level of
the Clermont, is of such volume that
the inroads made by recent shipments
upon these reserves are almost imper-
ceptible. The ore body exposed on the
750 Clermont is pronounced by ex-
perts to be the greatest continuous de-
post of high grade gold ore known to
geologsts to exist in any mine in the
world and the reserves of rich ore in
the Mohawk are of almost equal pro-
portions. 1t has been the policy of the
management to hold in reserve as much
as possible of this rich ore for pur-
poses Of blending with material of low
er grade in order to permit of extract
ing every ton of rock from which q
profit can be recovered by the most
approved scientific methods of reduc-
tion. Deposits Of this character are
also valuable asset in an emergen-
cy such as that precipitated by the re-
cent fire in the mill and their pos
session will enable the companv IN
tide over successfully what would 9th
erwise be a period of greatly reduced
production and the suspension of profit
earning.
WILL WORK FULL CAPACITY
The rehabilitation of the mill is go
ing forward rapidly and it is now Ger
tain that the entire plant will be op-
Grating at its full capacity of over 500
tons daily within period considerably
shorter than at first anticipated by the
management. The chief obstacle to an
early resumption at full caDacitv ie
manufacture a belt conveyer to replace
the one partially destroyed by the
fire and which had a carrying capacity
of over 1000 tons Of ore daily. Fortu-
nately the Crusher into which the ore
is first dumped from the railroad cars
and the building inclosing it escaped
damage by the flames, which also
failed to reach or damage any of the
costly concrete foundations of the mill
machinery or the woodwork portion of
the main plant. The refinery has al
ready been repaired to the point where
it is in condition to resume the treat
ment of amalgam, cyanide precipi-
tate and other products of the mill.
The Pyramids-What co you think
of Roosevelt, now we've met him?
Sphinx-Hulnphi Shows what these
mortals arei He's gained more fame
in the few years he's been talking than
] with all my centuries of wise ST.