Show DAY JUDGES 81 Company Enters List of Bread BreadWinners BreadWinners BreadWinners Winners by Ordering Initial Payment of WILL REPEAT IT QUARTERLY MINE IS EARNING OVER NET PER MONTH The Tha first quarterly dividend of the Mining company was post posted posted posted ed by the directors director yesterday for pay payment payment ment mont Jan 12 1 to stockholders stockholder of record Jan 1 L The rate was fixed at at c per sharp share which calls for the cals checking out outon outon on oil stockholders payday the sum of A higher rate might have been named namE and maintained by the management of the company which is and has been earning at the rate of between and 50 per month during the year and that notwithstanding ing Jug the fact fact that a i vigorous campaign of development and prospecting has ha been steadily st dUy carried on The rate rte was fixed at the tile figure named in order that the plans of the management for the further development of the tremendous acreage embraced In the holdings might might be carried on as at present and still sti permit the setting aside every ever month months of to above dividend requirements In fig figuring fg figuring thus no account is taken of what continued development in the property is practically certain to disclose The rate has simply been fixed on what present conditions in the property con conservatively conservatively justify leaving heaving future op operations operations to determine when an advance in the rate should be bo made Active production at t the property was inaugurated last January Januar It I was more than a month before the mill ml was wa placed in full ful running order and Feb February February February found the company with a debt hanging over it it cf of something more than By August Augst every dollar dolar had been paid and the tho accumulation of ofa ofa ofa a reserve was commenced When the new year opens the treasury treasur will wi con contain contain tain tab approximately approximate and de deducting deducting ducting the dividend just announced there will wi be around to go on Barring unforeseen accident or disaster the company can maintain the established l hed rate of dividends during the year rear 1507 1907 and close cose with wih as much or more money in its It treasury than it i begins with wih The mine has never been in as asgood asgood good physical condition as it i Is today and anti the plan of development being car carried carried ried ned out is bringing as good go d or better beter results than tum had been anticipated The contracts contract under which the mine and mill mi products are arc being boing disposed of is a avery avery avery very favorable one to the company and the market for lor the metals is such that splendid profit must result as a long as anything like Ike the present prices pries are arc maintained When the dividend was announced yesterday the crowning moment in the mining career of John J T Daly president president dent of the company was Avas attained During the twentysix years year that he has been identified with wih mining at Park City he has been largely instrumental in m making three prop properties properties ertes In that camp first the Daly Dal then the paly Vest and now the Daly Judge It I has been his particular am ambition biton to make good his lila promises with wih respect to the latter later property and those who have been his loyal 10 l supporters and earnest assistants in accomplishing these splendid results result and particularly Secretary George Gerge W V Lambourne and Mine Superintendent John are every whit as a proud of the record made as is Mr lr Daly himself Each and all al of them have have labored unceasingly unceasIngly in l with wih the one end in view that of making a mine an honest mine mie of or hon lion honest honest est repute r pull of the They Ther have succeeded Yesterday afternoon President Daly Dah and Secretary Lambourne left lef for the east cast for the purpose of or completing ar arrangements arrangements arrangements for the listing of the Daly Judge shares hare in the eastern These details rounded out Mr Ir Lam Lambourne Lambourne Lambourne bourne will wi return home and Mr Daly Dah accompanied by his family famil will wi sail sai from New Nen York and spend the winter months in the countries bordering the Mediterranean sea |