Mohave County miner., 1914-06-06
Tom Reed Report.

| Through tho courtesy or K. F.. Thompson the MINER this week is enabled to give resume of the annual report of the Tom Reed Gold mines company, which was submitted to the recent meeting of stockholders Tn Kingman by the board of directors. The report shows a splendid condition of the property and it's possibility of paying dividends for many years to come.
 It will be we'll to remem Der that the greater part of the shares of this con- pany were placed at l5 cents, and the prom otion stock may have been obtain ed for less, the promoters putting in thelr money at time when the pros. poets for the company were rather gloomy. The par value of the shares is one dollar. During the six years. since the company began the payment of dividends, 5l.2l5.87$ was produc. ed in bullion. out of which sum 1892. S64 1885 was distributed to the share holders. or at the rate of 20S$ per share, or about fifteen times original cost of the shares. Besides the divi dends paid the company holds Tn hand 239, ,SSl. 19S for checking and deprecia- tion account. During the year it paid out an account of payroll 234,O ,OS5 72S, which is quite a large disburse ment for the property. During the year IS, llO tons of ore was mllled, of a value of 24.09$ per ton, with an average ex traction of 97.05 per cent, there being left in the tails only Il cents The direct charges for mining, milling, treatment and marketing, was 7.52S and an indirect charge of l.l3. making a total cost against each ton of ore of S.66S While this is high, it must be remem bered that the company is open- ing new ground and at considerable depth, the lowest winze having reach. ed close to 1000 feet. The cost of power is fl per ton of ore miled Cyaniding cost approximately one dol lar per ton, as did the milling, while mining cost above three dollars per ton. Taxes were also heavy item, being at the rate of one dollar for each ton treated. But, when all these heavy expenses have been met the company was still able to pay the greatest percentage of dividend in it's history, or 6S per cent on the issued capital stock.
 But when the reader has dissected the whole of this remarkable report, !, if he be shareholder in the property he will be far more interested in the addendum, which sets out that in the drift from the crosscut on the 95O level level the entire breast is in one that gives values from 20$ to 4OS per ton. To add to this we have just been informed that these values have increased in the drift to an average of 64S across the whole breast This drift is POO feet below the present workings and will furnish some of the ore that will go into dividends this year. Wherefore, we believe that the present high record will be very large ly increased.
 When the shareholder has read the report of this company and received his filth dividend, he will feel that the present board of directors has done great work for the investors.
 Last Tuesday evening Dr.. w. H. Bucher took George kleiber to Los Angeles hospital. where he is to have an operation performed upon the tissues of the throat. Mr. Kleiber has been sufferer many years ahd it is thought that an operation will relieve him of the difficulty.