Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-02-26
Official Report of Officers of Com
pany issued in Pamphlet Form
To Shareholders.
PRES. BAMBERGER STATEMENT
Exhibit of Superintendent Sherman an
Interesting 0nc--Wll Treat 10, 600
Tons Of Ore Monthly.

The official report Of the Daly-West
Mining company, in pamphlet form,
was issued from the press today and
Is being mailed to stockholders.
Appended to It is the statement of
President j. L. Bamberger which con-
talns the following:
The report Of our general superlnten-
dent shows that for the further de-
Velopment and more economical work.
INK Of the mine, we are sinking our
shaft from the l,40O.foot level to the
l1OO-foot level, and take pleasure In
stating that our lowest workings and
developments show the ore bodies to
be of remarkable strength and dlmen-
sions
From the report OF our mill supern-
tendent, it will be seen that your d.
rectors have decided to largely in
crease our milling facilities, which can
be done at q very small cost proper
Tomato TO the benefits which they be-
lieye viii accrue from the largely in
creased saving and production.
Your attention is called to the fact,
that on all classes Of ore shipped, the
price per ton received for our product
exceeded that of the previous year.
Owing 70 the splendid showing OF the
mines and the increased earnings Of
the company, your directors, on Sept
a. 1903 authorized the increase Of the
monthly dividend from 81 cents 10 65
cents per share, yet, Notwithstanding
this heavier payment, II viii be seen
that the cash surplus at the end OF
1893 exceeded that at the end Of 1902 by
nearly 100000 a showing We believe
equally gratifying to both the directors
and stockholders
1t viii be noticed that during the year
the sum Of Sl75i6.l5 was paid on ac-
count Of the accident which occurred In
July, 1902. This amount practically set
ties all claims against the company on
this account.
SUPT SHERMAN'S REPORT.
The exhibit made by Supt. +. w.
Sherman, as detailed In his report Is
most interesting. He says:
The amount OF ore treated by the mill
during the year was 1920 dry tons.
that assayed 6-97-l00 per cent lead,
1922 ounces silver 40 per cent iron
and 76 per cent zinc. Thus the mill
treated 23i2 dry tons during each day
of service. There was produced I'm
concentrates l6519.S dry tons, contain.
ing 5,20Il6 tons of pure lead and $685. 331
fine ounces Of silver. Thus the average
assay value Of the concentrates for the
year was Sli per cent lead and j3.SS
ounces silver Also the above figures
show that there were concentrated
46 tons Of ore into each ton Of con-
centrates The average assay value OF
the tailings for the year was 3l9-l 900
Of ! per cent lead and 4046 ounces sill
yer. Thus the theoretical saving was
9ji2 per cent OF the lead and ISL per
cent Of the silver, The actual savings
effected based on sale OF concentrates,
was 079 per cent Of the lead and 1913
per cent OF the silver. There was eX-
pended for labor during the year s62-
1880, OF this amount, S45, 9i92j was
for the operation, repair and maInten-
ance of MILL Sl,2l750 for assay Office
and Sl5,2O6,0j for construction. OF the
amount shown for construction, sl2-
ISL IS has been expended during the
last three months OF the year, and rep
resents the expenditure for labor on the
new ore house, failing plant, electric
light and power plant and new mill
bunkhOUse. The new ore house Is
Il building l2j feet long, SO feet
vide and 40 feet high, the construction
OF which was commenced on the 25th
day OF October. and was virtually COM
pleted at close Of year. with exception
of installing of the machinery. In the
construction Of this building It was nee
cssary to remove 500 Gu. yds. OF earth
and lay up 1886 Gu yds, Of rock walls.
The ore house Will have q capacity OF
1000 tons Of ore, and Is divided into
sixteen separate ore bins. The ore will
be dumped into these separate bins over
a series Of grizzlies, eight bins win re-
ceive the fine ore that passes through
the grizzlies, and the other eight bins
viii receive the coarse ore, that Is the
oversize Of the spaces between the
grizzly bars, The ore from each bin
will be delivered by self.feedcrs to q
32-ln. Robins conveying and sorting
belt This belt viii convey the ore
from the fine bins direct to cup.ele-
yator that In turn will deliver same to
II
veying the coarse ore II viii travel at
the rate Of speed OF 10 feet per minute,
The self-feeders will SO deliver this ore
TO the belt that 1t win permit OF care
ful hand picking; the waste being re-
jecled and the first class ore being
sorted out for direct shipment. All
wood and steel that now cause much
annoyance In the mill, will be picked
out from the conyeyor, the coarse ore
win be delivered direct to No, 1
Gates crusher, thence to cup.eleya'toE
by means Of which It will be delivered
TO present ore bin
with the new ore house In commits
sion. all shoveling will be done away
with. The same force OF men now
shoyelng the ore TO the crusher will by
hand picking, remove all coarse waste.
and save from shining many tons OF
first class ore, A stop OF the mill for
even day or so viii cause no annoy
ance 10 the mine, likewise a stop Of the
mine will cause no annoyance 10 the
mill. as the ore house when full will
hold between five and six days run Of
ore.
The new falling plant Is situated
about 400 feet northeast from present
mill, and when completed will consist
Of a building 50 feet long, So feet wide
and 40 feet high, and will contain one
nye-fo Huntington for regrlnding the
Coarser taillngs, n system Of seven slime
settling and classifying tanks, two two.
compartment ilgs for treating the
coarsost OF the talllngs, six concentrate
ing tables and one Wiley slmcr by
this plant II Is expected to roconcen-
trate the talIngs from present mill Mt
an additional cost OF not 10 exceed if-
teen cents per ton, and effect a net
profit Of from thirty to nifty
cents per ton The object OF
the plant Is entirely for the purpose Of
obtaining n higher saving OF the silver
values, While the past year only show
cd nm actual silver saving OF 1913 per
cent, II Is expected that this plant will
bring up the silver saving TO from SO