The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
DALY-JUDGE'S
MAIDEN REPORT
Covers All Transactions of Com
pany Since Organization.
MILL BEGINS TREATING ORE
e
CENTURY SENDS DOWN GOLD
BRICK VALUED AT $4,000.
MILL BEGINS TREATING ORE

The FIRST report Of the Daly-Judge
Mining company is now being issued
from the press and during the next
two or three days copies of it VIII
be mailed 90 the shareholders of rec-
ord on the company's books. 1T COW
ers the entire period from the organ
ization of The corporation, Nov. T. 1901,
90 the beginning of the present year.
Embraced Ia its pages are the reports
or President John j. DAILY, "a prelimi-
nary report of Professor Walter p.
Jenney on the geological character Of
the company's domain. as wen as com
plete financial statements.
In addition. the tasty little volume
IS embellished with half-toue engrav-
ings showing some of the surface inn
provements and underground scenes In
the mine. the whole being accompanied
by "a map ina cOlors indicating the eN-
tent and location of the vast proper
ty The report inc its entirety VIII
make most interesting reading for the
shareholders of the company as lt
fully explains about all that could be
said al the present stage in the ca
President DAILY explains fully how
the company was first organized, how
later the Anchor was acquired. what
was necessary 90 DO IN order that the
proposition might be made a paying
one. aud refers TO the complete imam
cial statements 90 show what became
of the moneys expended I'm carrying
out the plans of the management.
In the beginning. the report shows,
10000 shares cf treasury stock We're
sold for Sl50.5UJ. Later 16&9l6 shares
more were SOLD for S459l710, making
the total revenue from this source
$S959l110. From the sale of ore $22,-
S77.52 was derived. while the interest
account brought the company S6.93195,
making the compauy's total revenue
amount 20 1925. 1921. Two months
ago. or on the first of the year, there
stiu remained i'm the treasury $780,
O4586.
The report also shows that for the
period of the cOmpanys existence
there was spent for mine operation.
including prospecting. the sum of Si4.-
1852. for mill operation. ore and gem
eral expense, S56.593.05 was paid while
for mine and mill construction. gem
eral Improvements, etc, 53O.632lO was
checked out. The purchase of the An
Choir property and other mining claims
cost Sl51 76I09.
I'm his report Mr.. DAILY explains that
the real existence OF the company be-
gan with the requirement of the An
ch0r and the taking possession of that
property. The great amount of re-
pair work which had to be done in
the mine 20 make operating ecOn0mi-
cal and profitable had greatly retarded
developments during the ten months
that the company had been i'm pos
session, but for an that be estimated
that there were fully 10000 tons of
ore ready for mining and reduction.
It was announced yesterday after
noon al the cOmpany's offices that the
new mil had received a warming up
during the week and the Intention was
90 begin the treatment of ore nos later
than today. IL would have commenced
q day OF two ago only some of the
water pipes were found To be frozen
up The Daly-Judge can now be said
90 have commenced its career as one
of the big producing mines of Utah
and before che year closes. it is safe
10 say. it viii be ready 10 begin the
distribution of substantial dividends.