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Show -. I ! . . Mining JVfote. More than ordinary interest is being shown in the Daly-West meeeting that is called for today to-day at the company's office. Interest is particu- f larly centered in this meeting on account of the rumored increase in dividends and mucn speculation specula-tion as to their permanancy is heard on all sides. The rumor gains foundation from the fact that on I the first of the year the company started with over $270,000 surplus, notwithstanding the outlay, last year of over $200,000 for mill construction, prop erty purchase, accident account and other items out of the ordinary. Since the first of the year the prices of silver, lead and copper have all advanced and this fact along with the extremely large production of the mine is responsible for the steadily increasing treasury fund. It is argued by some of the shareholders share-holders that with all conditions so favorable the company can add to this fund at least $25,000 per t month and they feel that at least a part of this should be paid out on increased dividends rather than have it carried in a fund where it would not be earning none than the customary 3 or 4 per cent. A fund or $50,000 would be ample to cover any contingencies that might arise and something like two hundred thousand dollars would be earning earn-ing money for the stockholders. The unusual activity ac-tivity in the shares during the last ten days strengthens the belief that the matter of increased dividends will be taken up at this meeting. v w w v After a visit of several days at the Daly-Judge property Colonel Theodore Bruback spoke very f encouragingly concerning the conditions at that 'I big property and declared that all he said would i be more than substantiated by the mme-s record during the next few months. In the mine there are four distinct ledges and every one of them is being developed in ore some of which is of a very high grade. The Colonel says that between the twelve and fifteen hundred-foot levels there are ore bodies which, if they were blocked out for measurement, he has no doubt would show greater great-er tonnage than possibly any other mine in the camp. Regarding the new mill he says the Joplin continuous discharge jiggs eclipse anything he ever saw and the work performed by them is highly satisfactory. An eight-hour run of the mill on last Friday treated 124 tons of ore which would give it a capacity of- 370 tons per day of twenty-four twenty-four hours. .& .z .t The first car from the new strike In the Star Consolidated was loaded for shipment at Tintic this week and Superintendent Packard says it will run about sixty dollars in gold, six ounces silver J and a fair percentage in lead to the ton. When the strike was first made the values appeared principally princi-pally as silver and lead, but further work developed devel-oped it to bo a gold bearing ore that seems to be improving in values as the work progresses. t xr v W. H. Tibbals, President; Duncan A. McDonald, Mc-Donald, vice president; B. J. Waugh, secretary, and B. W. Wilson, treasurer, arc tne officers of the new company formed to develop eight claims south of Tonopah. The company will be known as the Tonopah-Ea stern Gold Mining company, and is capitalized for 1,000,000 shares having a par j value of one dollar each, 400,000 shares of which ; will be set aside to provide a working capital, the company already owning its ground. Good surface values are found in the ledge, and the promoters expect to make a shipper of it before the end of the year. 3 |