The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-02-15
DALY-JUDGE IN
FINE CONDITION
President Days Annual Report
Mailed to Stockholders
of Company.
WELCOME CONDITION OF
AFFAIRS IS PORTRAYED
Developments of Mine Showing
Up Extremely Well on
All Levels.

Few developments in recent days Mt
Park City have created moro genuine
satisfaction than the resumption OF op-
erations ut the Daly-Judge MILL one of
the most valuable assets of that wonder
ful mining camp. Since the renovoting
and starting OF the Daly-Judge mill not
over thirty days ago. not only has Park
City been Interested In the welfare OF
this old producer and dividend Garner,
but all mining Utah has kept in close
touch with the property, so much 80 in
fact, as to receive the annual report OF
President J, j. DAILY, which has just been
mailed to the stockholders OF the COM
pany. with genuine enthusiasm.
Welcome Condition of Affairs.
This report of Presldent DAILY. which
VIII be submitted at the annual stock
holders meeting, to be held in Jersey
City on the 10Th of this month. shows
a most welcome condition OF affairs eX-
listing In the Day-Judge organization,
accomplished in short time by such an
efficient and pninstaking management as
controls the dcstinies OF this company
From the report 1t can be seen that tho
company is fairly launched upon year
OF achievements and success that Will
In every WAY be In keeping with the past
honorable record Of the property,
The report OF President DAILY is as fol-
lows:
Production Is Resumed.
After a period of twenty-three months
of development work, extending from
February ], lSA; to December 81. 1905.
yCur board of directors decided to re-
sumo the production of ore. | Will. there
fore, review the work that has been car
ried on during that period. All the work
has been done on the 1900 400 and 1900
foot levels, amounting in all TO 10lSS feet,
which, with the exception OF 100 feet OF |
upraiscs and 7o-foot win3c, consisted |
Of driving levels and cross-cuts. In doing |
this work many shoots of ore have been
passed through, some OF which give |
promise OF developing into large ore
bodies when stoping Is commenced on |
Them. and n good part Of the ore should |
be OF shipping grade.
Developments of Property.
"On the 1200-foot level some splendid
bodies OF ore have been driven through, |
carrying values well up in lead, silver |
and zinc. These shoots are of sufficient
strength TO insure a good tonnage of ore. |
Tho 14O0-foot level has been extended 1900 |
feet southwesterly into now territory, and |
II Is on this level that most OF the ore |
las been found. the character and value |
of which is much better than that de- |
Veloped in the old workings Drifting is |
on the lS0O-foot level on the |
same vein that in which the ore shoots |
were encountered on the 1+oO-foot level. |
and has already passed through some ore |
bodies of a good grade.
Importance Of Lower Level
There seems no doubt that this level |
viii duplicate conditions as they exist on
the l4OO-foot level above. and which Will |
make over go feet OF stopping ground In
the prosecution OF this prospecting work
n great amount Of orc has been taken out
and stored In the ore bins and on dumps
on level with the crushing department
OF our concentrating mill, where II can
be handled TO good advantage The
amount OF this ore is estimated at about
20 600 tons. This dump will serve as a
basis OF ore supply 10 the mill thereby
assuring n steady run at all times as
It's operation VIII not be dependent upon
each day If, for any Unforeseen reason.
1t did not do so
Satisfactory Zinc Returns
During the year we have sold many OF
our zinc miIdllngs, some of which were
sold at nominal fgure for experimental
and selling from thirty-nvc to forty tons
per day of this product on an assay basis
the net returns from which are very sat
sfactory, ranging from So TO IS per ton
we have of this product an estimated
cnnagc Of from 1900 TO 1900 tons in the
Did dumps. while the mill will continue
10 make this class OF product as opera
IONS progress.
Advantageous Contracts Made.
Owing to the keen competition among
he various smelling companies for ores
and concentrates of the character pro-
iuced by your properties, II should be |
nentlOneu mere Inat We nave been able to
make contracts for the sale of both crude
ore and concentrates that are very ad-
to the company and a great
Zeal better than anything II was possible
% obtain under conditions prevailing only
few years ago. AS the prices of nc
metals are also better now than they have
,een for years, the mines product is cor
'eSpondingly more valuable. The CON
mill has been thoroughly reno
,ated and put In frst-class repair, and nj
his writing has been in commission about
hlrty days. In this short time the re-
'ults show that close saving OF the
'alues viii be effected
Good Financial Conditions.
The statement of the secretary and
reaSurer herewith shows that out OF the
300 900 authorized bond issue, there has
,een expended $4,000 together with an
,verdraft OF s2l.9766S The returns from
he orc are now beginning TO come in, the
,Verdraft has been paid off and Mt this
Iate we have a cash balance of over Sl5-
%. Finally i will say that the mine Is
low In excellent condition for produc-
ion,and VIII be for a long time to come
feel that the outlook for the future is
right, whilc the possibilities of the trc- |
nendous area OF mineral bearing ground
hat still remains to be explored gives |
promise of proving valuable al least !
S any portion that has been penetrated
HCNERINE CONNECTION.