Show A Park City Mines Maintain Their R Record CJ Fd oi of Great Production t t t t t cf r t t 4 t t t P t 4 J t t fl f t t t 9 t t 4 4 t lbs Ibs of toad lead at per lb o ounces o of sUver at i c per oz lbs of e copper Per at 1280 per lb Ib ounces S of gold at 20 per oz 74 I Total While the production of the various metals from the Park City dis h oft In everything but go gold d which Is 2 ounces more than in 1903 the amount of money In the output Is not so 4 serIous as a it mIght have been owing to the better prices obtained for lead and The output of lead decreased pounds silver ounces and copper pounds In camps total out put had a Value of For the past year it wa a shrinkage of The d decrease Js Is attributable to the fact that after the first month in 1 the year the ceased shipments entirely while the product of the Daly vest was materially cut down by a suspension of f operations in the Quincy workings of Its property the trouble being through lack of water mill construction etc at various times during the year ar The camps camp s output of copper was reduced for the seine same reason while Ute the slIght alight increase in the amount of gold Is chargeable to the Sliver Silver KIng OntarIo American Flag and some of the smaller producers rhe output t of the great greut Silver King Icing mIne was normal and there is u a good prospect f the output for tor the pr B nt year ar will be far ahead of w what at it was van during t t t t t t t t t t t t t t t t t 4 t t t tt t t t t t t t t t t t t t t t t t t While th the pro of Park Cil City m mines nes hag h been a gratifying one it does not In itself more than b begin gin ginto to illustrate the full ful value of the years operatiOn Mines are ot made in a mInute at Park Parle Cit City neither are they worked out in a day when once onee do de developed The condition of n a prop property In this camp Cami Is ordinarily measured by bJ such a high standard that When it reached L f POint that in almost any Rny other camp in the I world it would le Be la ed as ae a mine it here han hils a struggle in maintaining recognition as 4 dec nt prospect Few or of the companies in the Park are capitalIzed for lor anything like as asman luany man shares RS as are arc properties fn most other camps but tor all that it J the exception rather than the rule to see seethe seethe f the market price of oC shares represent the cut even close to the prices that pr prevail vaU on properties lo 10 located elsewhere with less ore and from two to five the n of oC shar shares s These truths are mentioned in open j leg ng this reView of the years Yeura doing in inthe inthe 4 the Park for the reason that the old camp is entitled to better treatment than It has been receiving and should command more respect at the hands of speculators and Not for the purpose ot of attempting to boost boose one proposition at the expense of another but for the sole purpose of making clear what ia meant b by this comment an illustration is offered Stock Price Mea eans ls Little A Park CIty property rec en encountered encountered countered remarkably fine shipping ore at a of feet and within a month marketed approximately Worth of It in running a drift for fifty finy feet or so 50 the vein The com coin company pany has a capitalization ot of shares and stock has las Elince widely widel fluctuated between 1 17 cents and 35 cents and possibly averaged during I that time 56 36 cents The mine is splendidly equipped aid managed the ground is all patented and to get its ore are to the smelter entails a cost of I probably r ba IY not to exceed 3 a ton Under tinder showing the stock Is selling e g at a valuation for the property of or just about what the equipment cost costIn cosLIn In Tonopah and Goldfield there are a number of companies capitalIzed for from to shares whose mines have never produced a or of ore Whose properties are not pat patented patented and whose prospects ro ar are alto altogether ether gether s speculative which are selling their thIr stock at from 20 c to 70 cents a share or or on n a basis of to more than l OOOO A dis discovery i covery of ore are in one of the latter camps propertiEs would enhance the value alue of the stock several fold In Park City where the ledges are noted or their permanency and 2nd richness a astrike astrike strike has to be developed for months end and sometimes years before the prop property ert erty is allowed to take its place among what are termed the mines These conditions mak makes the eam camp seem than it relI really it Study the ac table or of production and then devote a little time to the f ing brief briet review of the conditions now prevailing iud and you will probably think better of Park City than you have ever done b before fOte The Silver Xing The Sliver Silver ICing Mining linin company was incorporated 3 1892 for or shares On Dec 10 1898 1503 It paid its fir first t dividend or of 6 5 cents a share Dr Since that time and up to date the company has paid a total of or over oer ss 58 per about the present selling price of the stock This company never issues formal statements but its cash Is known to be an enormous one and the mine Is so operated that dividends j of or per Der month with an extra dividend for Cor Christmas may be maintained and the sur surplus surplus plus kept all the time within or orso so 50 or Of the hed sum The mine maintains an output of up ap proximatelY tons of ore are per er month about and ald the remainder Or milling ore The metals produced from this thiE ore durin during the post past twelve months ag gre approximately POUl S n 1 o over r IJO ounces of silver 1057 ounces 3 of sold and 77 OO pounds Of copp c pp r Mine dine Well Wei While no boasts are ever Is in I by the management and no nc e estImates f the tonnage of ore or blocked out in the mine is gh ghen m it Is perfectlY safe to sa say that the property has never looked better titan It does at the present time em abo about t men Inen all told and In the mine more men are arc always kept on development than are used in the actual mining of ore oreNo oreNo No mine in the world orld Is better belter handled than is the Silver The president of the c cOmpany L ix David Keith S Senator Thomas Kearns Is vIce pr president ident and until hl hh public career and other business affairs re required him to relInquish it he was general manager of the property His successor a man of his own choosing is 3 J Daly and that he hc l knows his business is evidenced by the record he Is making John A Malla a Park Cit City boy of sterling worth Is secretary t A happier combination of executive and administrative ability is s seldom found in one official family famil When in search I of a perfectly equipped and handled mine when in need or of something to pattern after arter when you want to know what real legitimate mining Is and where it is as well exemplified as any where in the world visit the Sliver Silver King ICing of Park ParI Cit City the home of great mines and mine manage ment West Operations From of dry ore are and con concentrates concentrates the l Mining corn com compan pan pany during the lest year has haR received net from the smelters the sum of 1 The company compan has paid in dividends added to the capacity and efficiency of its milling plant and made madeu madea I u a Contract ct with t the e OntarIo and Dal Daly companies that guarantees the drain ing and opening of the mine mino to an ad depth of feet durIng the present year Many other things have been done by the management for the benefit of the shareholders but these are the most important The metallic contents or of the or ore mined was 1960 tons of lead H piO ounces ot of silver 24 2467 ounces of gold 1040 tons of cop per and tons of zinc There ThI may be other mines around this country cunto somewhere that are producing at this rate and the stock in the of which may be selling as is the Dal Daly West Vest on a basis of but If there is history falls fails to make m mention of it Since the enlargement and improve merit of the Dal Vest mill Or during the past two months from eighty to tons of oC concentrates per day have been rolling out and the grade hoa hu been such audi that with the improved condition of the metal markets they have been netting the company better than 40 per tOO ton Under normal con this represents th the earning capacity of the works It means a cleanup of per pel da day or OOOO per month As the worst enemies the corn Com Compan pan pany has acknowledge that the mine min contains a world of ore from which L these concentrates are made it would L be brazen effrontery for them to fly in L I c 1 1 I tl L Park City t t the face of this evidence eviden e and tilI tend that the property was no good and that its earning capacity was extremely limited as they have been wont to do so for so Jong iong Not a word has been said about the ores in the mine and it is not necessary It Is there however lots of It and if that Cincinnati investigating commit committee tee will get to work the shareholders of that city need not be kept long in ignorance of it its extent and value Splendid Record During Year The figures here given are approximately correct though in compiling them for The Herald Af Assistant Secreta Secretary ry A W V had t to estimate the last half of December They show that in spite of aU all the difficulties en encountered encountered countered during the year Jear and all the pt edl that the surplus would be wiped out a 8 magnificent r cord has been made just the same Next month at the annual meeting time a financial statement will be sub submitted and while it will show quite hea heavy expenditures for construction II and nd betterment accounts the earnings as aa given here will be officially gat gated d to show that the divid dividends paid have been earn earned d dIt It is u a great sho showing aU all around but of the other durIng the year ear are arc to be classed with the master stroke of oC Pres President President ident J E Bamberger in securing the contract for the driving of the Ontario drain tunnel Into Vest territory Toda Today that tunnel is approaching the limits of Daly ground and within c a few days or such a mAtter the manage management nent ment of the Daly Vest wilt will take up the work or of extending the tunnel to a con connection with the Daly Vest shaft The terms secured b by Mr tr Bamberger from the Ontario and Db Daly companies were vo reasonable and the benefits to be tie de derived rived are so 80 and lasting to the company that as the years go gob b by the shareholders will conic come to bet better better ter and better understand what he has done for them This piece of business enterprIse on the part of Mr 11 Bamber Bamberger ger means a great Juan many years Jears of addi additional additional life md and prosperity to his corn com compan pan pany and through this work the day will come when Instead of charging him with shortcomings It will be ac acknowledged that no other man did so much for the company as lie he Campaign The campaign of at exploration and tie de development Inaugurated at the Daly Judge eleven months ago is still sUll being I vigorously prosecuted by Manager John JohnJ L LJ J Dab Daly At least once a week he hels is in inthe Inthe the mine personally going over the th work When it Is known that each or 01 these trips reqUires an underground tramp of more than six miles mUes the read reader er will be able to grasp Some idea of the magnitude of the work In hand since the first of February last f t Of f and have bac been run Notwithstanding the f fact ct that a large arg percentage of this work has been in the nature of crosscutting the formation to reach certain objective pOints and without thought of enco encountering n mineral an average of one ton tonof tonof of ore for every foot driven has been taken out and stored in the bins and on the great platforms back of the com mm At no point has a stop been made to learn the extent of any ore chute passed through nor will any development of this character be un undertaken undertaken for some little time to conic come Manager Daly states slates that the faces of the exploration drIfts and levels that have been sent out into virgin territory ry ii are all in most Interesting ground and the res resUlts to date have been all that he be anticipated and in some in instances stances a great deal more All the time while work is going on in the mine cu ful attention is being paid to the metallurgy of the ores and just tUI as much is being accomplished in this line lineas lineas as as in the opening up or of the property The task which Mr Dab Daly upon himself a year ear ago was one of great magnitude and importance much gr greater ater than the uninitiated in mining can cun imagine and It Is just as certain that he will make a success as it is certain tain tam that he made the Daly and Dal Daly West Vest mines When hen he went at it he told his friends frankly that It would require both time and money and he would not undertake It unless he was plenty of both lie He Is doing splendidly and nd UJ th shareholders are not w Ig Ontario and Daly Just as the Ontario company had got ot I its mine min and the new plant in sh shape p to begin making a record last I ye years r u great fire swep its magnificent hoisting works off the earth damaged the shaft and caused ed the mine workings from the 1500 to the levels to till 1111 up with water This happened In the latter part of June and notwithstanding ing ln the fact that everything possible was done to clear the wreckage rebuild wad equip the works with new er cry It was pretty retty well along in the fall when things were moving normally again Re Recently the mills c paci has been added 0 undo and the new year opens I the company in better shape than It has been for years past to make a ag a g record Things are doing at atthe the Dal Daly which L are are bound to bring that old mine to the 1 front In a manner that will astonish the natives thIs year In pushing the i drain tunnel through the property to tc the lines of the some tint fine bodies of ore have been encountered and with feet or more of virgin ground up to t the old workings in which I Ito to mine with most perfect facilities fox for forgetting getting the and an f In on the part of at the man to do it big results may be expected In addition to the disclosures that have been made maile at this dePth in the I property the work of reachIng out lox for forthe 1 the Mazeppa ore are bodies bodie from the com coni Federal tunnel is being crowded L with everythIng favorable to being made very soon In cross crosscutting crosscutting cutting the country to the south of too th Federal tunnel one splendid fissure h ham s been passed through It was reported I to be four feet feat wide filled with good L Lore ore ore but as it was awa away back from I where the Mazeppa ore bodies opened is in I the shaft workings was expected it ii was left untouched and the crosscut continued uninterruptedly The Daly is im c upon to reenter the dividend I lists this year and if the pro property pert does deem not repeat its old record tho those who are arc best able to judge of conditions at the th property will be very much mistaken Both the deep and upper workings are with ever every facility for fot rapid work and when mining com coin In earnest the production wit will be something to talk about Wabash and Its Nei Neighbors ghQ rs While hile cov the see sec tion of the camp a few words WOM must be b m said of their neighbors the Wabash New York an and These prop are all In active process of tie de and withIn the last month monti 1 or two to particularly the Wabash and am New Neo York have attracted a great deal deaf or of attention The Wabash has ha spent a great deal of money during the year and per formed a amount of work While the management has refrained from announcing strikes and making a splurge of an any kind there |