Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-12-23

1 INV f'inhluN VI hu' h'NNat was
quickly felt here. and when the
Asohclm Company, now represented by
u. e. Chambers ahi the ontario Com
pnny. commenced rebuilding and re-
aumed business on "a scale much larger
than before. all felt that the future Of
| the great silver camp was secure.
While Park CITY II far from being now
| what II was In Its palmiest days. when
/ the ontario ana DAILY were employing
armies of men. aud the other mines
wcrc paying well, " Is far more pros
/ porous than at ans time since the de-
precision In silver caused the partial or
complete closing down Of many proper
| tIea. The present activity " largely
due to the resumption Of work at the
DAILY West and the splendid record
made by that property this year, under
the able management OF John DAILY.
The population OF the town itself n
now over 1900 and II IL very prosper
GUS.
THE ONTARIO.
This year has marked also. n rcsump-
| ton OF active work Mt the ontario, and
the output Of the milne has been quite
heavy for some months past. the ore
coming from the 400 ana 1850 levels.
In new ground. The ontario mill IN
still closed down and this ore. which II
low In lead, is shipped TO the smelter.
stu, the operations have kept the mine
alive, added to the reserve FUND, ana
this month the company paid n dlvi-
dend OF $4,000. the first In u long while.
The total output OF this great property
IL t35,00o.00O. which paid 1885,. 800 In
/ dividends, gave the company big re-
serve fund and equipped the mine with
the best machinery that money could
buy.
THp SILVER KING.
The silver King. which has taken the
place once held by the ontario. and
now stands as the greatest silvcr-lead
mine In the world, has been the main
stay OF the camp during the whole
period OF depression. IL has paid to
date s2.f0O,OOO0. and this year has paid
each month n dividend OF $4,000. with
an extra one this month M a Christmas
present to the stockholders, or sS5O.OOO
for 1899. Not only In Its output. but In
hts area na well. II the Silver King
far ahead OF any other mine In the
Park. Its holdings comprising 100 full
patented claims. with several fractions.
The ore taken out this year has aver
aged from is to 20 per cent lead. with
80 TO 80 ounces silver and by-product
OF gold. While great amount OF this
ore has been extracted In 1899 especial
care has been taken TO develop re-
serves. and Mt least three tons OF ore
has been opened up. For each
one extracted. ana some immense
bodies are thus blocked out. The
mense bodies are thus blocked out. The
result OF this policy Ia Indicated by the
fact that there II today 400 feet Of
virgin ground on the length OF the vein
that has not even been touched.
As to the present value OF the mine.
II IL sufficient TO say that at the close
OF the year. II has 100000 tons OF ship
ping ore actually In slight, which figures
out "A net profit OF Mt least 1900. 600
after deducting over possible expense
t.lF 81
ore the Silver King ground contains.
As the Golden Gate. ut Mcrcur. has
: the finest cyanide mill to be found any
where. 10 the Silver King has the finest
concentrating mill In the world. II
supt. kearns has n fad. It " for this
mill. To bring II IN to It's present
stage OF perfection. much experiment.
, ing was done. and II now saves over
% per cent OF the values. a system OF
: automatic checking II done. 40 that tn,
, per cent saved can be determined fol
: any part Of the run. The mill handles
20 per cent OF the ore, about 20 per cent
: OF the crude product going to the Gug.
: gcnhclm smelters at Pueblo.
THE DALY-wEsT.
As stated before. however. the fea.
/, ture OF the year with Park city mines
, has been the resumption of activ,
work at the Daly-West. which com
menccd paying dividends OF $4,000 o
month In October. and added an extrl
, one for Christmas a few days ago.
! The surface improvements at thu
/, Daly-wost are n fine shaft house. con
centratlng mill. blacksmith shops
! water tanks and boarding houses
, when work was commenced las
: March. general cleaning up wal
/, necessary and II took three months Il
I get everything In shape for heavy ship
4 ping. Since June, shipments nyeraginI
| "A to- "a teaal ia
= half OF II being concentrates and hal
q crude. When work was resumed. tn,
n shaft was down LOO feet and the 9O
a and 1900 levels opened up. In. th'
4 levels and drifts over 10000 feet o
= work had been done with some 400
4 feet OF wlnzes and upraises. giving I
= total development OF 1910, feet. Till
> has been greatly added to during tn,
= year and arrangements made for us
y Ing the LOO level and the ontario drali
tunnel as a channel for hauling In sup
plies and taking out the ore to say,
I the long, rough wagon haul.
! THE ANCHOR.
n The Anchor mine. another great prop
. erty. has, this year. been equipped
: with u new mill which In operatin,
@ successfully. enabling the company 4
o handle more ore ana save higher value
o than heretofore. A large force OF mel
= Is employed In taking out ore and II
. exploratory work
! THE VALEO.
= The Valco has made an excelien
= record during the year. IL has beet
4 paying expenses right along for sew
r eral months. having filled n contrac
Q to ship 100 tons OF ore monthly. Their,
[ seems to be IA good deal OF misunder
q standing as to this property and III
}, present status. Az stated above, or,
r has been taken out for Il long time. II
r following the vein. II was found to b,
= cut on squarely by "A porphyry dyke
: and the plan OF sinking $50 feet vertic
l. ally below to catch the vein ON tn
q other side. Is being followed. II tn
= vein Is found ON the other side of IN,
g porphyry, the Valeo win be mine
= and " II isn't the prospect will b,
= practically valucless The matter vii
Q be determined. at the present rate o
g progress. In February next.
:, THE APEX.
,, The Apex In being worked by Messrs
= F'lindt and Rookledge under lease
e and some fine ore has been taken out
n The leases have made considerable
n money and the work done has demon
@ | Htrated that the Apex ia N ycry vain