The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-01-01

IRI HILE the total is nearly 100000
w less, as disclosed in the accom-
panying table, the dividend rec
ord of Utah mining companies was
really better for the past twelve months
than il was for 1903. The grand total
for 1904 was $4,305. 500. as against $4,-
sos, ole for 1908. In the latter year, how
ever, the earnings of Utah companies
operating in Nevada were included The
past year neither one Of them paid any
thing and the one Utah company which
is making money and paying dividends
through its operations in the SagebrUsh
state, the Ogden-Goldheld, is omitted
Thus the table cOmprenends nothing
outside of the mines of this state.
Some of the companies reporting in
1903 are not in the list this year. but
for every one of those dropping out
two new ones are added. During 1903
fourteen Utah mines reported Only
two out of that list, the Butler-Liberal
and the Consolidated MercUr, failed 10
pay during 1904, while the total number
Of mines paying dividends is nineteen,
{ or five more thaR-fOr The previous
year. The record is one to be proud of
and a little light on the subject of how
the changes were wrought and their
bearing on the general state of the in
dustry viii no doubt be interesting.
Some of the Changes.
Last year the Annie Laurie pdlu Only
500 coo, nearly $685. 600 less than in 1903
1t was due>tO no physical iufirmity of
the mine. which has probably $S,0OOOOO
in sight, but to campaign OF COnStruc-
ton and Improvement that would not
allow of the mill being run all the time,
nor TO anything like It's capacity. The
Butler Liberal which made q small do
nation to its shareholders IN 1903, has
kept out in order that the mine earn
ings might be applied TO the running
of d long operating tunnel and the
making of additional surface improve
ments. 1t should get into line again
this year.
The Consolidated Mercur paid $3.50. 600
in 1908 and nothing last year. Many
causes have made ii necessary for the
company TO keep out of the list, cfiIet
among which has been the numerous
changes that were made IN the milling
plant. changes that kept a portion Of
the plant out of commission for many
months, and the repeated fOUling of the
cyanide solutions. Every thing IS III
pretty good shape again and the COM
pany should make a good showing TINS
year.
The Ontario company paid S45. 900 in
1903 and everything seemed favorable
for dividends last year, but the de-
struction of it's hosting works IN June
and the long delay and expense which
it occasioned kept it out of the list 1t
should be heard from this year again
In 1903 the Century company paid
50 600. Last year it paid S21,000, but
litigation and mine development made
il necessary. before the year closed, TO
levy an assessment The company VIII
be in the dividend list in six months
The Daily Vests dividend Is S2SS,O
less than it was in 1908 ard the Gemini
is $50 900 short of its 1903 record, with
SI5O. 600. but there is no doubt that the
money has been earned and that, had
the nagement so willed. the other
$50 900 could have been paid
y stop to send its working shaft sew
eraI hundred feet deeper caused the
Grand Central to trim down from $780,