The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-03-14
Entirely New Resource De.
yelops Finely Under Atten-
tiOn of Management.
SECOND DIVIDEND IS
DUE BY SATURDAY
Company Now Fighting Bad
Roads, but Property Is
in Fine Shape.

Reports Park Citywards Wednesday
brought the information that the DAILY
Judge company was encountcring some
| splendid results in the operations to-
wards the Back Vein, well out upon
the flats. Resort was made to the
local Offices of this company for con
flrmation, and Secretary G. w. Lam
bourne stated that while he was not
familiar with what credit the reports
gave to these operations, the develop
ments upon the Back Vein were most
encouraging In their import
Mr.. Lambourne stated that some
thing over a year ago the company
opened an ore chute on the Back Vein,
but little development work was done
at that time. A few days ago one man
was put to work upon this chute, and
he has averaged four mining cars a day
Of shipping ore from the same. The
chute is opening up splendidly, and
the fact that it is one portion of the
mines resources heretofore unsounded
makes the present disclosures all the
more interesting. Mine assays show
that This new ore runs from 50 to 81 4
per cent lead. 20.5 to 1862 ounces silver
and from So to so cents gold per ton.
The zinc contents average very low.
When asked regarding the posting of
The dividend, rumor having placed the
declaration of the same within the
present week, Mr.. Lambourne stated
that 1t was q trihe early to discuss this
interesting topic He did not deny,
however, that by Saturday the regu-
lar 371a cents per share, or $ll2,500 in
all, would be posted by the officials
The present earnings of the company
are equal to the plan Of profit dis
FRY ybptInn Sotnrp,i
ago, at the same time permitting the
usual surplus 10 accumulate without
deviation from those plans. 1t is also
known that the company has forwarded
all details and reports to the listing
committee of the Boston Stock ex.
change, and the listing of this stocl,
now is merely dependent upon that
committee s action
A great deal of apprehension exists
IN local circles regarding the DAILY
Judge company and its Park City prop
critics. and the level assumed by the
stock during the past week or two has
been used as one argument to show
that something is wrong somewhere
with this noted producer. While there
are MANY reports that cast the bright
est sort of light upon the operations OF
this organization, there is Just one that
produces doubt. This is the small
amount of ore and concentrates now
being sent from the property
There are mahy, however, who apprc-
ciAte the present conditions at Park
City and the difficulties under which
the various companies must labor ow-
ing to the terrible condition of the
roads. Usually the Daly-Judge com
pany can send out from seven to eight
tons of ore in a wagon behind four
horses, but now the roads are so
heavy that it takes six horses to move
four tons, or even less, and the pull is
a downhill one. The ore bins are fill
ing up rapidly, and the developments
at the mine are emphasizing more and
more the splendid resources upon which
the company can depend
All apprehension. therefore. as to the
condition of this property are ground
less, and with more favorable weather
conditions the Daly.Judge Will be able
to recover from the present drawbacks
against, which practically all mines of
Utah dependent upon road conditions
are now striving