Show THE DALY JUDGE REPORT company has money in bank and earning more than dividend requirements the daly judge mining company of salt lake operating in the great silver lead camp of park city utah has issued its report covering operations for the calendar year of 1911 the report is an exhaustive hau stive one and goes into mine conditions most thoroughly while its financial statement should be most satisfactory to company shareholders the report shows that the company has on hand in cash and in good loans the sum of and that dividend requirements quire ments are more than being met in mine operation in this report general manager G W lambourne says the satisfactory character of the operations erat ions during the past year is shown by the increase of the cash surplus your company began the year with available balance on hand closing the period with a net gain of after the payment of the dividend the surplus earned last year in interest the sum of or considerably in excess of the annual drainage expense our present drainage facilities are equal to expectations and levels can be driven in any and all directions and to any depth desired without the danger developing ve as in the past dangerous or excessive flow of water the extension of the ontario drain tunnel is so far advanced that crosscutting can call begin from the shaft on the 2500 level at any time desired once that depth is gained or from the tunnel itself an ore contract was negotiated last year with the international smelting smelling Sm elting and refining company which gives the daly judge company better smelting smelling sm elting terms than have ever been enjoyed before this contract is on a tonnage basis and will run for several years even if the annual production exceeds that of last year materially there have been so many unfavorable circumstances existing in zinc smelting smelling sm elting industry of late to the serious handicapping of the producer that since last october we have been unable to dispose of our zinc to advantage since which time the zinc have been stored near the mill for future disposal on january 1 there were about 1136 tons of these thus stored valued at approximately which under more favorable conditions would have been marketed last year increasing our income to that extent many of the objectionable features of the zinc smelting smelling sm elting industry are being remedied however and your management feels sanguine that adequate facilities soon can be secured to eliminate any poss possible ible future uti liti gation with the owners of the property along the creek carrying the tailings from the daly judge daly west and silver king coalition mills an arrangement has been perfected between these three organizations by which over acres of land were purchased for impounding purposes the water is to be conveyed reconvened re to the creek after settling thereby eliminating any possibility lity of trouble with the farmers and providing for the accumulation of the tailings which may at some future date be an asset accompanying this report is a map showing a vertical projection along the ontario daly fissure which is for the purpose of illustrating the history of its production in its trend to the southwest through the ontario daly and daly west mines showing the extent of the ore deposits and the this vein has been proven already in the daly judge for a distance of over 2600 feet and with a comparatively small amount of sloping done to date surface indications lead us to the belief that this vein extends throughout the daly judie judge property for its entire length a distance of about feet and into the ground of the snake creek mining and tunnel company beyond this is the most important of the several ore producing veins so far demonstrated in closing I 1 wish to say that since the issuance of the circular statement of november 1 1911 our company has exceeded the monthly dividend requirements without diff difficulty |