The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-12-16
DALY-JUDGE IS A
A D|V|DEND-PAYER
Directors Saturday Declare In
itial Payment of Liberal Prof
its TO Stockholders.
THIRTY-SEVEN AND A
HALF CENTS PER SHARE
Company Then Begins Another
Season With Very Comfort
able Surplus in Treasury.

As anticipated by those who have
kept in touch with the Daly-Judge COM
pany's S affairs, tho initial dividend Of
this organization was declared on Satur-
Aay by the board Of directors at the
meeting in Salt Lake City. This first
sharing Of profits marks tho splendid
prosperity of this comparatively young
organization. and few properties can
present for public appreciation record
feeming with more honorable achieve
ment President !. J. DAILY stated Sat
urday morning that the dividend was
371b cents share, or amounting TO the
total sum of Sll2,500. Being the quar-
terly installment, this would make tho
Dalv-.Judge company n distributor of
profits to its stockholders at the rate of
S450,000 year, thus adding another
great mine to the list OF which Utah
can rightfully boast.
Mr.. DAILY stated that the Daly-Judge
company was earning each month the
net sum of S45. 900. The dividends paid
each month viii amount to S37 800, the
difference to he employed in creating
a fund tn assure the continuation of de-
velopment work and for taking care of
any extraordinary expenses incident 10
the efficient operation of this Park City
property. After the payment of this
sum, Mr.. DAILY states that the company
will have on hand surplus of $500, 900
In the treasury. The dividend is pay
able on January l2. the books to close
on the 3lst of December, and to reopen
on the lIth of January.
The history of the Daly-Judge mine
presents one of the most interesting ac-
counts in Utah mining. The organiza-
tion Of the present company was not
perfected until November, 1901, Tho
fact that the Daly-Judge company early
in It's operations had TO contract q large
indebtedness proved both the faith
that the officials had in their PROPOSE
tion and the confidence that money CEN
ters had in the company and its spon-
sors. On the first day of February Of
the present year tho company had an
indebtedness hanging over it amounting
to 1921 900 and now, after the payment
of the above amount rs dividends the
company will have on hand over quar-
ter of million dollars surplus. All
credit is due President Daily and his
associates for the brilliant manner in
which they have piloted the Daly-Judge
into the front ranks of Utah dividend
payers, and n long life of usefulness
for the mine will only serve TO empha-
size the credit due them.
Mr. DAILY. accompanied by Secretary
and Treasurer George W. Bambourne,
left Saturday evening for the East.
During the next few days the DAILY
Judge stock will he listed upon the
Eastern markets, but whether upon the
New York or Boston market, or both,
Mr.. DAILY was unwilling 10 state until
he had finished putting the last details
upon the plans of the company. Before
his departure, Mr.. Daily stated to The
Tribune that the mine never was in bet
ter physical condition, and that there
was an enormous tonnage of ore in
sight. He felt that the stockholders
showing the mine Is making, Mr. Lam
bourne will return as soon as the listing
arrangements have been completed in
the East, but Mr.. and Mrs. DAILY and
family will proceed to Europe, where
they viii spend the next few months
in travel.