United States Investor Volume 18, No. 14

United States Investor Volume 18, No. 14

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 edition. Excerpt: ...share equally in any further dividends in excess of 8 per cent that may be declared by the company. Both preferred and common stock have equal voting privilege. PRESENT PROFIT ABOUT $4,000 A DAY. The company is now treating in its mills about two hundred tons of ore per day, of an average value of about $25 per ton. The cost of mining is about $2.50 per ton and of milling $2.50 per ton, leaving a net profit on the present output of about $4,000 per day, or more than six times the amount needed to pay the 8 per cent dividends on the entire 300,000 shares of preferred stock authorized. The money realized from the sale of the preferred stock will be devoted to increasing the capacity of the reduction plants now in operationI and putting into commission new plants where recent development work has demonstrated large ore bodies yielding high average values. Colonel Greene has been at the mines for two or three weeks, and will remain there until he has thoroughly inspected the various properties. Epes Randolph, in charge of the Southern Pacific Railway interests in Northern Mexico, authorized the statement that the Southern Pacific Company, by the end of this year, will have extended its line. now rapidly building, up the Yaqui valley to Tonichi. Tonichi is adjacent to the western side of the chain of mines owned by the Greene Gold-Silver Company. The company's Trinidad and Mulatos mines are close to Tonichi. With railway transportation for the machinery, the company plans an early installation, on a large scale, of mills and reduction works at the Trinidad, Muiatos and other near-by properties. COAL AND IRON DEPOSITS. In addition to cheaper transportation to the gold and silver mines, the Southern Pacific1s extension to Tonichi and beyond will...show more

Product details

  • Paperback | 32 pages
  • 189 x 246 x 2mm | 77g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236982169
  • 9781236982162