Show AFTER SILVER KING AND DALY WEST spokesman review spokane wash if charles sweeny secures the silver king and the daly west mines at park city utah for his federal mining smelting smelling Sm elting company he will practically double the lead output controlled by his company the consolidation will place 40 per cent of all tho the lead produced in the united states under the control of the federal company the new utah deals will involve from to the silver king according to the market value of its stock on the salt lake exchange is worth nearly the daly west which has risen to the first rank in the past five years has a market value of more than the silver xing king mine has been held by its principal owners for and to justify I 1 that enormous price it is asserted that two years ago the ore reserves were sufficient for five years with dividends at the rate of a year the enormous value valtie of the great property is attested by the fact that shoots of ore have been lying dormant for years since the property is supplied deith with reserves in such lavish measure that the backs are being broken down only gradually senator thomas kearns of utah is one of the largest holders in silver king david keith W S mccornick a utah banker mrs S B E holmes solon spiro and mayor ezra thompson all of salt lake are largely interested in the property the company is is incorporated for in 20 shares but the stock is worth 65 a share in salt lake or more than three times its par value during 1902 it paid dividends of and up to november vember io of this year its profits as di disbursed were or a month the company has paid dividends of the daly west is capitalized for agoo in 20 shares and the stock is worth 35 a share it has paid dividends in 1903 of or a total to date of it is controlled by jake bamberger W S mccornick james A pollock john J daly and the dr fowler estate while the hearst and the haggin interests also have large holdings the two mines are in the same belt with the wonderful ontario mine and they are remarkably rich the ore runs about two ounces in silver to 1 per cent of lead and the high grade galena carries about 14 in gold to the ton the output of each mine is lit 9 V jaa AL IN V 57 13 44 y tons of clear ore or concentrates a day running about 40 per cent lead the federal mining smelting smelling Sm elting company now controls CO 60 per cent of the lead produced in the coeur calenes dA lenes and that district yields 30 per cent of all the lead mined in the united states the addition of the silver king and the daly west therefore will about double its production the federal company is evidently working in close touch with the american smelting smelling Sm elting refining company alias the smelter trust the two utah properties in the past have been dealing with the trust in getting their ore treated treated |