Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-05-14
MOSCOW NINE BEGINS
WITH JULY DIVIDEND
Cct0pnny sends out Annual Report
70 Stockholders Making An
nounccmcnt Of nHymCnt

Th, first dividend payer from the
Beaver county country and particular
], tho SOAR district. iu many years, Will
BE- the Moscow Mining g. Milling COM
puuN. according 90 the annual report
which is being mailed Co the stockhol-
ders. or will De 1s soon Js tho printer
IS through with &c. The report shows
that tho company win probably pay
stock dividend on July 8, as by tho
nrst of the month the company VIII
have met an of its debts and be on
the rond o. regular payments There
are at present 10000 shares 90 stock
In the treasury which viii mean an
increase Of one share for every four
shares held. provided, the board u
directors decides upon The proposed
course
The report says.
During the year ending Dee 81, 1903,
the company shipped 1,biO.2t tons ot
ore. netting the company f39.tn-.bl
after the payment of freight, sampling
and usssying, or "a net average value
of S2l5f per ton.
From December 81. 1909. to MAY 49,,
1870. the company has shipped slL-h
tons of ore. netting SZs,ob tfA after
deductlur freight. sampliug and ASSAY
Ing, or net average value ot $Slb2
per ton
Tho ore shipped in 1909 came mostly
from the 300 level and above, being am
extention north ~ the old workings,
and the supply from this source gives
no indication ~ exhaustion The strike
Of the vein is north and south with a.
dip NJ q degrees 10 the east Consid-
cradle ore from this source 81 stu beins
extracted.
Tho one in the vein opened iu the
north extension of the 4OO-foot level
with the same strike and dip, as shown
bN the workings so far extended, Us
opened more than $50 feet on the strike.
An inclined Wine has followed the orc
on the DIP Of the vein more than 100
feet below the 4ol-foOt lrNel ana sew
oral raises have followed the ore up
Warl more than 15 feet and the ore
appears continuous and permanent ia
all directions its average width IN the
wlnzc is about four feet. This ore Is
clean. requires no sorting, and yields
,bont $40 per ton. containing about 80
ounces ~ silver and As per cent lead.
The distance from the 800 level 10 the
surface ia the dip Of the vein Is about
200 feet
IN PATENTED GROUND.
The Moscow vein Is shown 10 have
great permanence and regularity and is
covered by the patented ground Of the
company for a distance Of more than
1000 feet and carries the right TO It's
greatest depth within the vertical
planes Of the end lines,
The company is now shipping car
load Of 50 tons OF ore every third day,
and BY the end OF the month all in
debtedness will he paid and the earn
ings will probably justify the payments
Of dividends. beginning July 5. or soon
thereafter.
The directors Of the company are
Matthew cullen. J. l.. Rawlins. Jacob
Moritz, r. j. Leonard and Athol Raw
Inns The officers OF the company are
Matthew Cullen, president, Jacob Nor
liz, vice president. Athol Rawlins' sec
rotary. and l.. II. Farnsworth, treas
urer. The above we're elected at the
regular stockholders meeting held May
. 1910, 10 serve for the current year.
Hereafter the fiscal year OF the com
pany will end Dec 81, instead OF April
30.
DISBURSEMENTS.
Relative 10 tho disbursements and
receipts at the property for the year
the following table is given by the
report:
Net cash Net cash
Dish mts Receipts.