Bisbee daily review., 1915-06-20
TOM REED MILLS BIG TONNAGE
 LAST YEAR
Big 0atman Mine Handled 46,- 995 Tons at Net Profit of S12.ll for Every One; Large Tonnage Still in Sight.
CBy William p. De wolf)

(By William P. De Wolf) OATMAN, June l9.-D During tlc hs- cal year ending March a1 last. the Tom Reed Gold Mines company min. ed and milled 46,995 tons of ore of an | average value of $2l33 per ton. ac. cordins to the sixth annual report of the company, just issued. The gold recovered totaled S1,OO2, ,4o6.eo the tal- ly being approximately 'ndeaucal with the forecast made by your cor respondent in his dispatches of sey- i eral weeks ago covering the annual meeting of the Tom Reed stoclhold. i CTS. Mining, milling, administration and depreciation charges totaled Sg.21 per ton, leaving the company net profit of $1211 on every ton Of ore treated.
 The report of Mine Manager S. s. Jones conforms in every essential particular to the resume of mining and milling conditions as set for.b in late April dispatches from this camp. and indicates that the physical con- dition of the mine is on par with its standing in previous years. Diyi- dends for the last fiscal year totaIed 61 cents on the 9O9,555 shares out standing the total disbursement being S554,S2S.55. Since September 1910 the company has paid ffty-seven divi dends totaling S2.4O1,2lO.73, or $2.6l per issued share This sum repre- sents approximately 4ia cents per share per month for a period of near ly five years.
 Large Tonnage in Sight.
 In the mine stopes there are 3O.OOO tons Of ore broken down and await. ing reduction. This ore has the same general average value as that miilad during the last fiscal year In the various stopes and levels there is an ore tonnage in sight sufficient 10 keep the company's 2O-stamp mill in continual operation for the next t~o years This ore reserve will. of course, be drawn upon throughout the current fiscal year At the same time, however, new ore reserves will be established as development work progresses and the mine in every way be kept up to the pleudid stand. ard of efficiency and production which has characterized it under the pre- sent management.
 Mining at great depth is to feature future development work and to that and an electrict hoist Of l5O-horse pow CT has been installed It has hoisting capacity from a depth of 2OOO feet. The main shaft has a depth of $50 feet. At that level however. a winze has been sunk a depth of l25 feet. which gives the mine mean working depth of 1075 feet On the lower lev el large body of high grade milling ore is being worked which is adding materially to the gold output from the property. Though medium of lev els, drifts and crosscuts the continu. ity of this ore body has been proven from a depth of $50 feet to a depth of l075 feet. Research has also de- monstrated that better ore is found below the contract of the new and the old andesite than elsewhere in the workings. The shaft is now to be sunk 10 a depth of l25O feet where the ore bodies will be opened to the north and south.
 Installing Machinery.
 The new electrical plant being iu- stalled at the property of the Orion Mining and Milling company will be started for the first time on July 1, and at the same time the shaft will be unwatered and mining operations resumed. In the latter connection it can be stated that mine developments win be prosecuted under conditions which indicate the mining pay ore in large tonnage within a few months. The machine equipment consists of a 50-horse power motor, a 36O-cubic foot compressor, a 75-horse power double drum hoist and a complete. ment of air pipes, rails, ears etc.
 A plant of machinery is being inc stalled at the main working shaft on the estate of the Oatman Gold Mining and Milling company, and al the same time the necessary mine buildings are being eracted. The property lies
 Continued On page 9