The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-04-03
MAY DAY ANNUAL
SHOWSGOOD RESULTS
Management Succeeds in Max
ing Mine After Many Trou-
bles and Assessments.
FINE SHOWING ON
THE FOURTH LEVEL
Manager DOrmer Reports Mine
i'm Condition Not Equaled
for Years.

AT the annual stockholders meeting
Monday OF tho May Day Mining company
n most satisfactory condition of nftairs
was disclosed. So satisfactorily, In fact
had the management conducted the al
fairs OF the company to success through
many hard trials of the past year. during
which numerous assessments had 10 be
levied in order to proceed with the work,
that the same directors were reelected
without contest OF any character.
Development Work Done.
General Manager J L. Darmer sub
mitted short report OF the work done
during the year. showing that during this
time fully 300 feet of development mad
been accomplished with meet gratifying
results as ore has been disclosed on both
the 500 and 400 foot levels. Manager Oar
nsers report reads as follows.
Ore Was Not Permanent
In this report l wish TO call your at
tention to the condition of your com
pany'e affairs during the current year,
April we had chute Of ore on the zoo
foot level and upward which gave some
Shipments progressed II proved to be
small one. 1t was Your managers hope
that this chute would produce sufhcient
money to replace machinery which had
been worn out and sink the shaft 20
deeper levels, that We might explore new
territory. further down the hull and
phyry but by June we found the ore
body exhausted and very little funds on
hand and with but little prospect OF the
levels already opened up producing FUR
ther shipping ore
Had to Levy Assessments.
1t was at this time and under these
disheartening conditions that your board
of directors, after weeks of delbcration.
decided that the only course to pursue
your stock TO sink the shaft and prospect
the levels created.
Work on Different Levels.
I'VE have during the current yeaT be-
sides timbering much Of the work done
the shaft and drifts about 3oo1 feet of
linear work on the 200, 300. 800 and 800
foot levels with the result that today we
have a good showing OF ore on the 800
sides the showing OF lead-silver ores We
have good showing of Zlnc-silver ores
also going up and down.
Showing on 400 Level
Also we have on the iO0-foot level an
encouraging showing OF zinc ores which
If II, by development, continues the same
grade OF ore that 1t has, may be handled
oy the future management with profit
upraises from the 400-foot level some
good lead and silver ores which give
promises of making into permanent
body. the extreme ends of these upraises
being about l2o feet apart with ores ex-
tending from one to the other and stilI
going on in both directions
In closing | Will say that ] believe that
the physical condition of your property
is more promising for the ensuing year
than for many years past
Same Board Reelected.
The secretarys report showed that the
total receipts for the year amounted TO
SSSoi6.S4. and disbursements to SS. .S76 rs.
leaving a surplus In the treasury OF
S2So9.5S which promises to be greatly
augmented by the shipments that the
elected Monday are: John Camnheii
Henry Cohen, G, l., Corner, ]. NJ Riglcy
and j. Z. Darmer