Show DALY WEST REPORT ernest bamberger general manager of the daly west mine at park city utah has mailed the following report to the stockholders of the company gentle gentlemen men herewith is submitted a report of the operations of your company for the month of april may and june 1910 showing receipts and disbursements for that period cash on hand march 31 receipts ore sales tons concentrates 2845 tons zinc concentrates tons crude ore total other receipts receipt A little bell con dividend no 3 22 total disbursements general aerts 15 dividend no 51 cash on hand june 30 1910 total during the quarter dividend no 51 of 30 cents per share amounting to was paid dividend no 52 of 30 cents per share was declared payable july 20 1910 the earnings during the quarter exceeded dividend requirements by 12 the ore milled being considerably lower grade than that of the quarter preceding results of work the results of the development work during this quarter were not so favorable the value of the ore developed being lower and the amounts being less the 1700 foot level has been out of ore for a considerable distance but it is expected that another ore shoot will soon be reached the face of the 1800 level is in ill ore of good grade the crosscut cross cut on the 1900 foot level should intercept the vein within a short time it has been realized that a considerable reduction in operating expenses could be made by the erection of a mill at the mouth of the ontario drain tunnel no 2 and by improvements in power conditions and p aus ans to that end have been under consideration era tion while it is confidently believed that a large amount of ore will be developed on the lower levels it was felt that the amount of this ore has not been sufficiently determined to warrant the expenditure necessary for this reason it is deemed advisable to suspend production in part at least and continue the development of the mine to a point where a decision can be made as to these changes furthermore it is thought that an increased profit can be realized rea iced by the further treatment of our zinc concentrates |