Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-02-18
ANNUAL REPORT
ON THE DALy-WEST
Shareholders Meet in Annual SeS-
sion This Afternoon
SOUTH SWANSEA LAWSUIT.
Practically Settled To-day DAILY share"
holders Met IN Annual Session
Items from the Camps.

The annual meeting Of the Daly-West
Mining company was to be held this af-
ternoon at the oompany's Offices A
printed report was prepared for pre-
sentatlon at the meeting. In this re-
port Manager j. r. Bamberger says the
company has produced and marketed
during the year ending December Slst.
1900, 10000 tons OF crude ore. Of the
value Of s3S,27 per ton, and SG,S63 tons
OF mill or second class ore, making TO-
1i6 tons Of concentrates Of the value OF
$Sl62 per ton, or S962,5Ol in all, at
total cost for mining, milling, trans
porting, prospecting, assaying, general
and incidental expenses and expenses
Of marketing OF 1891 1858, or 1921 per ton.
leaving margin Of s63l, 2iS, out OF
which we have dlsbursed in dividends
SlS7,50O for developments, improve
ments and betterments, S2i972, leaving
about s11S,77O, which was added to our
surplus, which with the amount receiy-
ed from the Anchor Mining company
and miscellaneous receipts has been in
creased slS6,916 in all.
"By the expenditure Of about S5,VVo
we have increased our milling capacity
about % per cent, and as our mill prod
uct reduces the average zinc contents
In our entire product, we have sue
ceedcd In practically eliminating our
zinc penalty, which heretofore was
quite costly, amounting 20 over S2,46O
III one MONTH
The cash on hand December 3lst, 1900,
was $iS9, 625.77
A detailed statement of the values
In the crude ore shows the presence OF
57.5 ounces silver, .O5 ounces gold, 2S.i
per cent lead, 81 per cent copper and
92.2 per cent zinc. These ores sold for
ASSET per ton. The concentrates con-
tain 1853 ounces silver, ,O5 ounces gold,
rs Lei cent lead, IL per cent copper, and
1862 per cent zinc, and sold for SS4.62 per
ton.
In his report OF the mine Supt. Kirby
saws that on the 900 level there has been
run 1,7S5 feet Of exploration work, DIV
feet OF this has been run In waste u
reduce the cost Of handling ore, anu
includes seven upraises and one drl1t
The remaining sos feet was run In anc
on ore and includes drifts, raises ano
winzes on ore chutes and vein.
On the OF and OF levels there has beer
run 40 feet Of exploration work, all OF
| this has been on ore chute and In ore, II
west end OF OF level 70 feet Of a raise
and 20 feet Wine and 20 feet Of drifl
| from bottOm of Wine,
On the l,4O0 foot level there has beer
! 23lO feet of exploration work; LOO fee
of this was west on the vein. 200 fee
was in ore and 60 feet OF a raise Il
connect with O. Wine rom loo was als'
on vein and in ore.
supt Sherman Of the mill says tn
mill has been in operation tfacuoi
over 1924 days; during that time ther
has been mllled i0.S5O.77 dry tons o
ore. or an average Of l26 tons per da.
during the actual running time OF IN
| mill. There has been produced ~ ief'
$3.50 tons Of concentrates. that have pee
marketed and ia tons OF zinc concen
trates that have been stored at IN
mill thus there has been concentrate
an average Of 397 tons into one. Tn
average values contained In the or
during the year were 1855 per cent lea
and III ounces silver also the or
carried an average Of SIT per cent zine
THE average theoretical savings, q
shown each day by the assays, were !
ner cent OF the lead and 65.l9 per cen
Of the silver. II might be well to stat
that the values Of the ore were low
cred by the milling Of 6,656 cars OF Vai
cOe tailings.