Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-03-14
DALY.WEsT REPORT.
Printed Document Rsaehed Local share.
holders During the Day.


ers Of the DAILY West Mining company
has been issued from the press and
reached local shareholders during the
day.
Among the items Of interest in
the statement of General Manager
Ernest Bamberger Is found I'm the in
PRODUCTION, In which he says the mine
produced during the year 1904, S26S
tons of ore, from which was received the
sum OF S1,S04,672S3. There were q, 35b
tons OF crude ore extracted which aver
aged $3l32 to the ton. l4,4i0 tons Of
| crude ore from the quincy mine, aver
| aging $2l.l6 to the ton; ,207 tons of
concentrates were produced from the
mill, averaging 1888 to the ton, while
261 tons Of mill crude sold for S30.5S
per ton.
From the foregoing was obtained g.
023 005 pounds Of copper. % SOL AH
pounds Of lead, 2,3l6,36 ounces In gold.
3,0Gi,224 ounces I'm silver, 302j, 30S
pounds Of zinc,
The total amount OF dividends paid
out during the year aggregated Sl,0iA,-
600, which, with the sum to be dsbursed
tomorrow, $loS,00O, runs the grand to-
tai since Incorporation up to S4,7i3, 900.
The cash on hand at the end OF the
year was 1884 Jas. As as against $454 996 %
at the end of the previous year; there
I We're dsbursed on mine account durlGg
! 1904, 1901, 59577; prospecting account,
| $50 S02,63 ore expense, SSl 1888 mill
| account Sl0S, 1921 general expense,
| 1858 S14.96; mine construction, $6,2lI93;
| mill construction, sl00, 65323.
| Min Superintendent Il. w. sherman
| IN his report 20 the general manager
| stated that the basis OF concentration
during the year was sos tons into one.
The assay value OF the ore mllled was
5.S5 per cent lead and l4,5 ounces I'm
silver. The assay value of the tall
ings was l4-l00 OF one per cent lead
and Al ounces silver, thus the theo-
| retical saving was 9S per cent OF the
| lead and III per cent of the silver;
while the actual saving based on the
concentrate sold. was 1913 per cent of
the lead, and 705 per cent Of the silver.
While the plant can save the lead val
ues almost TO an entirety the recovery
of the silver still presents n problem
needing further solution. The taillngs
plant which has been I'm operation since
the first of last May has produced 1, $50
dry tons of concentrates. This plant
has fully demonstrated itself TO be
good paying Investment. Again there
Is no question that further treatment
Of ore through an additional plant can
be made TO pay high profits on the in
vestment, Already plans for such n
! plant have been prepared, and Its erec-
tlon simply awaits the instructions
from the directors, AS the different
ore bodies are worked nearer to the
surface, more chloride OF silver Is en-
countered; also the DAILY vein, In the
eastern portion Of the mine below the
1900 level, yields ore low IN lead and
high IN silver values. These ores
require a much finer crushing, and
even the silver values are more difficult
| of recovery than the values I'm ores
treated In years past.
Included In the exhibit OF General
| Manager Ernest Bamberger Is the fol-
lowing: "a large amount Of explora-
| tory and development work has been
done during the year, The results, es-
pecially during the latter part Of the
year, have been encouraging, The dis
coyery and opening ny of now ore
shoots have added considerably TO the
resources Of the mine, and the pro-
spocts for the future seem favorable.
Notwithstanding the reduction In tom
mage, the operating costs have been
lowered and It Is expected that a still
further reduction VIII be made during
the coming year"
Appended to the report Is a communi-
cation from President j. T.. Bamberger,
| Of Feb. Goth date. IN which he says.
Undoubtedly the event OF greatest
| Importance TO the stockholders and to
the property was the agreement where.
by the ontario Drain Tunnel No. IA
now being advanced to the DAILY West
territory, The terms Of the agreement
are as follows The ontario and Daily
companies are 10 extend this tunnel to
the east line Of the DAILY West ground
At their own expense, after which the
| DAILY West company win advance the
same TO "a point most advantageous to
rs workings, Beginning 60 days after
the work IS taken up by the DAILY West
company, "a rental of $3.50 per month IL
10 be paid 10 the ontario and Daily
companies. In light OF the iucalculoble
benefits which VIII be derived there
from, the company Is particularly for
tunate In the terms which your board
Of directors was able to secure