The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-16
Y-JUDGE'S
BIG DIVIDEND
Company Enters List of Bread
Winners by Ordering Initial
Payment of $112,500.
WILL REPEAT 1T QUARTERLY
MINE is EARNING OVER $4,000
NET PER MONTH.

The first quarterly dividend of the
Daly-Julge Mining company was post
ed by the directors yesterday for pay
ment JAN IL, to stockholders of record
Jan. i. The rate was fixed at 37Isc per
share, which calls for the checking out
OH stockholders payday the sum of
$112,500. A higher rate might have
been named and maintained by the
mana cement of the company which is
and has been earning at the rate of
between 900 and $4,000 per month
during the year and that, notwithstand-
ing the fact that a vigorous campaign
of development and prospecting has
been steadily carried on. The rate was
fixed at the figure named i'm order that
the plans of the management for the
further development of the tremendous
acreage embraced in the company's
holdings might be carried on as at
present and still permit the setting
aside every month of $1,000 to $4,000
above dividend requirements. In fig
urlng thus no account is taken of what
continued development in the property
is practically certain to disclose. The
rate has simply been fixed on what
present conditions in the property con-
servatively justify, leaving future OPP
erations to determine when an advance
in the rate should be made.
Active production at the property was
inaugurated last January. 1t was more
than a month before the mill was
placed in full running order, and Feb
ruary found the company with debt
hanging over it Of something more
than $23t,0 BY August every dollar
had been paid and the accumulation of
reserve was commenced. When the
new year opens the treasury will con-
tain approximately 100000 and, de-
Quoting the dividend Just announced,
there viii be around 5000, 900 to go on.
Barring unforeseen accident or disaster.
the company can maintain the estab-
iished rate of dividends during the year
1907 and close with as much or more
money in its treasury than it begins
with. The mine has never been in as
good physical condition as il is today
and the plan of development being car
ricd out is bringing as good or better
results than had been anticipated. The
contracts under which the mine and
mill products are being disposed of is a
very favorable one to the company and
the market for the metals is such that
splendid profit must result as long as
anything like the present prices are
maintained.
When the dividend was announced
yesterday the browning moment in the
dent of the company. was attained.
During the twenty-Six years that he
has been identified with mining at Park
City he has been largely instrumental
IN making three dividend-paying prop
critics in that camp-first the DAILY, then
the Daly-West and now the DAILY
Judge. 1t has been his particular am
bition to make good his promises with
respect to the latter property, and those
who have been his loyal supporters and
earnest assistants in accomplishing
these splendid results, and particularly
Secretary George w. LambouTne and
Mine Superintendent John McSorley.
are every whit as proud of the record
made as is Mr.. DAILY himself. Each
and all of them have labored unceas-
ingIy with the one end in view, that of
making a mine, an honest mine of hon
est Tsputc. of the Daiy-Judge. They
have succeeded.
Yesterday afternoon President DAILY
and Secretary Lambourne left for the
east for the purpose of completing ar
rangements for the listing of the DAILY
Judge shares in the eastern markets.
These details rounded out Mr.. Lam
bourne will return home and Mr.. Daily,
accompanied by his family, will sail
from New York and spend the winter
months in the countries bordering the
Mediterranean sea.