Show DALY WEST SHOWS GAIN Earnings for Quarter Well Above Dividend Prediction that the Daly Dah West Min Mining Mm 1 ing company would during the present 1 year earn well above its dividend re requirements reQuirements requirements are borne out by Manager ManagerI I Ernest statement of op operations operations opI of the first quarter of the I year which has just been Issued The report shows for the quarter ending March 31 a net not profit of or above the dividend require requirement requirement ment mont During the quarter dividend No 60 50 0 of 30 cents a share amounting to was paid Dividend No 51 61 of the same name amount has been declared payable April 20 1910 The financial statement shows Receipts Rec Cash on hand band Jan 1 1910 Ore OrEl sales tons concentrates 1426 tois crude or ore ora 1 tons zinc concentrates Miscellaneous Total 1 Disbursements accounts Drain tunnel development Dividend No 50 5 2 Cash on hand March 31 1910 Total Of developments the manager says The principal development work which has ha been bean carried on on the 1700 an ant I 1800 levels has been very favor favorable favorable favorable able almost the entire distance run be being lug ing In milling ore of good grade with some first class ore are On the 1700 level levela a was encountered Intersecting fie t main Daly fissure upon which a 1 drift has been run a short snort distance showing a good body of ore In addi addition addition addition tion to the sloping In the upper part of cf the tie mine exploratory work Is being done but the objective point has not ben bee a reached The crosscut from the thes taft s aft on the 1900 level has been run 94 feet It Is I estimated that this head will have to be advanced about 1000 ft ft more to Intercept the vein The revenue derived from the zinc concen t ites ues has Increased considerably and wIH form a material part of our In Income Inome income come ome The profit for March was les lee lessened lessened somewhat due to power difficulties difficulties difficulties ties and the results for April will be ba considerably affected for the tho same Bame rea rca reason reason L son O |