The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-22
DAILY WEST POSTS
REGULAR DIVIDEND
Progress of Opening Great Ore
Reserves at Depth Most
Gratifying.

From the offices Of the DAILY West
Mining company Ia this city were mailed
yesterday the call for the annual meet
ing Of the stockholders OF the company
and notice Of regular quarterly dividend
No so for 50 cents a share, payable
January 15 1910, to stockholders Of rec
ord December g, 1903. The Dividend
amounts to $4,000 making a grand total
Of S6,093060 which will have been pald
by the company,
An interesting statement giving in some
detail the physical situation al the great
mine and signed by the board OF direc-
tors which comprises j. T.. BanpelgeI'
II. c.. Mcmillan, W. S. Mccormick, +. j.
Hagenbarth and John Derns accompanied
the announcements. After recOuntlnB
some Of the difficulties under which the
company labOred on account OF the cav
ing OF the Ontario drain tunnel, the im-
possibility OF developing below the ], $50
foot level before the damage was re-
paired and the tunnel extended to ana
connected with the Daily West smart,
where 800 feet OF hazardous sinking ana
raising had to be accomplished, the state
ment says:
During the year a Wine has been sunk
from the 1,550-foOt level TO the 1,lOO-foot
level, and at present there Is exposed De
tween these levels a splendid BODY or
high-grade milling ore, which VIII allow
q good margin of profit above the cost
Of mining, etc, even at the present low
''The 2.10O-foot level, which connects
with the Ontario drain tunnel, has also
been extended to a point practically un-
der the ore body above referred TO, ana
work is now being carried on 20 encouh-
ter this ore body on this level
Great Ore Body on 100.
THE 1.70O-foot level has beer. driven on
Ahe vein for about 600 feet, almost con-
H4fnuOusly In ore Of varying W1dths-ln
some places of the width Of twenty rect.
A Wine Is now being sunk from this level
10 connect with the S,lUJ-foot leX9I ms ms
Wine is ali IN high-grade milling ore,
1he entire width Of the ore not beng
disclosed. Some Of the ore in the Wine,
as we'll as on the 1,7O0-foot level, is SUI
ficiently high-grade 10 be shipped IN It's
crude state at a good prOut-
I'm the old or upper levels OF the mine,
t4irst and second class ore Is being taken
out and important development Work car
lried on The developments nave placed
IN sight G very large amount OF ore pc
tween the 1850 and the llOO-toot levels,
the ore exposed at the present time be
ing 800 feet long on the 1lgO-Ioot l6Vel,
200 feet on the dip from that Level TO
The ]. 550-foot level, and Of varying widths;
as above stated. On the i,55O-root lever
the ore IS exposed for length or z,U9J
feet, and 1t Is apparent, or course, lnat II
fhe ore continues for the same distance
on the ]. 700-foOt level, many years OF ore
production viii be assured
''This work has been quite expensive
and involved a great deal or time, Dut
both the time devoted thereto and the
expenditures therefor
1.-THE Little Bell Consolidated Mining
company, of whose capital stock this com
panV Is the owner of $1,000 shares, has
inst declared its initial dividend OF D
cents a share, and the physical and nnan-
cisl condition of its property is such that
regular quarterly dividends may conf
IDENTIFY be expected
Main Shaft Nears Completion.
ON account OF the near approach to
cOnpIetiOn Of the work Of cutting out
TO proper size the lower 800 feet OF the
main DAILY West shaft. the Ontario No. 3
shaft has been closed down, Manager E-r-
nest Bamberger said yesterday. Thal
means that the work OF driving the cross
cut for the ore body on the Zoo level
will be suspended for a matter or uIteen
or twenty days but 1t Will in no wise
affect production. The closing down OF
work through No. 8 shaft was deemed
advisable on account Of the brleI time
that will eIapse before the completing OF
fhe main shaft will enable the same work
10 be done with greater economy
Conditions on the 1,IOO-foOt level ana ia
fha Wine from that level are altogether
favorable. Mr.. Bamberger said.