Show IL L I u v I I i r l m E 1 I r rI t 1 i fJ < I f S JLlTERS S > 1 OF U i T A J fOR 1902 1 0 I I I h L 11 u H 000000 0000000000000000000000oooo0Q E J o o DIVIDENDS FROIl1 UTAH MINES Ii e 0 Paid Ullng IDOL lSJ1225 0 1 0 Paid During 1902 G07G500 0 0 0 o 0 increase for the year 154275 0 ll 0 0 I i i 0 Silver iCing t 1300000 0 a r 0 Daly West lOHOOO Q M 0 Anchor sale to DabJul li25OOO 0 t 0 Utah Consolidated IYlgtnlathl Bo 525000 0 > G Qulnc parlfll year 471i000 0 t 0 Consolidated I01CUl 45000 0 t 0 Gcmlnl 30000 e F l I 0 Ontario 180000 e If 0 Centenniul Eureka 100000 0 C > I i 0 Yankee ConsolIdated It 75000 C > I s 0 Annie Laurie 40000 0 0 May Dar L000 e ql j O Old Mercur Company 9uOO 0 y 0 Sacramento 5000 0 > 0 0 1f0 E Total 01 the yea 5075500 G > t S0000000000000000000000 lrl I i In spite of the heavy slump In the price ot copper and silver during the past 1 A year the dividendpaying mines made the stockholders richer by n nice little 1 margIn over 5OOOOOO It goes without saying that this Is the best year In the history of the State and the most encouraging feature nt the close or the yearn year-n the fine condition of the mining propeltlcs the great Improvements that have been made and the economical uJrangemcnts that have been made for operating tlC mines and for handling the ores All these factors promise greatly Increased divIdends In the years to come The litigation between the Grand Central and the Mammoth shut theta out from the dividendpaying class for the year but a good surplus has been accumulated br both and they = will swIng back Into t line in the coming rear The SWnnseas of Tintlc also dropped out during the 2 year but the Sacramento pUlled up a notch and came under the wire us a breadwinner j bread-winner with line prospects for the future 1 i The Dah West or course played the leadIng part throughout the year In iI I Its class 1n addition to the 475000 paid In divIdends by the Quincy which the II Daly West absorbed the Duh West proper paid out the splendid total of lOH 1 i 000 Before the absorption ot the QuIncy this property paid regularly 10crmt 1 monthly dividends on a capltllllzation or 150000 shares Since July 1st when i the absorption was consummated It bad been paying GOcent monthly dividends I or 10S000 in i cash each month In August the company was compelled to face a fearful calamity In the mIne by which thirty miners were killed and much I I valuable property destroyed or injured But In spite of all this the treasury at I the close of tw rear Is in better condition than it was at the beglntling and the i outlook I Is that the record or the past as regards dividends will be thrown com t pletcl Into the shade In the years to come The old reliable SIlver King never lost step fat an Instant In t the march qf the 36311Lnd tolled out the magnificent total of 1300000 to gladden the hearts or the J ittclsy owners The Annie Lnurle came back In November to the class In which ilbelon D and promises to remain there indefinitely It may be het down as settled I set-tled that the year 1903 wlll show a greatly extended line ot dhldendpayers d some of the candidates twill break Into the class very early In the eflr u I uu The business ttnnnuctc by the SuIt Lake Stock and Mining exchanGo shows a decrease for the year just closed compared with the volume ot the previous year The decrease Is but 131Jht md Is accounted lor by the more conservative busIness methods that have been In vogue during the past year There huts been little oC the plunging that characterized much of the bulness ot ItIOl and there has been In the vast year very little promotion ot new stocks In February last a rule was adopted by the hoard ot directors requiring hat aU sales of stock be recorded by the secretary This has been the result or saving much trouble In the muller of ettJlng disputes Another rule that has been enforced throughout the year was the prevention or curb sales The busi ness 101 the year has been confined to the board In regular call and open board sessions und to the o1lces or the brokers This hag had n tendency to reduce stock gambling by crowding prIces up 01 down on sensational stones The enforcement of these and other rules by the present ollccrs of the ex change has beep a great protection to Investors and while It may have te dueed the total volume of busIness to some extent It has been the cruise or putting the business on a better basis All the companies listed have been made to conform strictly to the rules established and the 11std companies have pal more attention than ever be fore to tIle matter or making regular reports The officers ot the exchange are John S Bzunsford president H W Doscher vlceplesldem 11 H Clark second i vIcepresident 1I 11 Miller third vice president E A Hnrtensteln treasurer James A Shorten secretary The governing gov-erning board Is composJ at J S Bransfor W H Clark W B An drew if 1 r Miller H W Doscher Joseph Oberndorrer James A Pclloc1e Charles C Hudson and C C Higgins Ira B Jones was the caller throughout the year und Fred Nightengule the marker There arc seventy members or the exchange ex-change Including many of the most prominent mining men of the State There are sixtysix listed stocles vary Ing In price from a fraction of 0 cent per share up to SSO per share The stocks arc all local and the exchange has nothIng to do wIth other than mining mi-ning stocks When the name of Park City Is men tlonl2d anywhere In the Intcrmountaln country at once visions or heavy mine dividends tremendous bodies or ex posro ole und wonderful posslblll tics of treasures still hidden < flash across the mind The record oC the year just closed with Its mrlnlficent dividends Its great development work unit Its consolidations con-solidations would seem to JUstify the most extravagant lslons The great output of rich ore from the old mines the many great improvements In the methods of handling the output the tremendous bodies or Ole brought 10 view and tile opening up or the new mites fame of which promise to rival 1 the old ones In size and wealth each = rIr J r7 > + + + + + + + + + + + + + + + + + I + Tilebusinesa oC the exehartge for + I + the year n number and alllc oC + + ahlrei with the last two days estl + + rusted wits as follows + + Shares Value + I + January 2039223 1J9IOl + I + February 1x7210 fill231 + + Iulch 271x13 liJ70roi + + April 2925200 lrrGl320 + + May l7GJHS Gt53W + + June 100119 iJ330 + + July stS900 993613 + + August I32GI52 750695 + 4 September 167G017 1OO211i2 + + October 1S22JLiS llJI03l + + November 13022ii i87Z73 + + December 1800000 llvJOOO + + 4 + + Totals 20172OI1 511 l1IxJ93 i + + + + + + + + + + + + + + + + + I or these t proved a factor In clinching I Park Citys title to the leadership among the mining camps or Utah and I did much to place The Ptu1c In the I front ltlllle t among the mining camps of the Vest I The output of are from the Park City mines estimating very closely for the last few das of the year amounts In nil to GOOOU tons un Increase over the previous rear of practically 50000 tons The output and value of the metals Is gIven In round 1IU1CS at l5 000000 pounds of lead at 4 cents per pound 2200000 pounds or copper at 1159 l cents per pound 8250000 ounces or sliver at 5215 cents per ounce and 15200 ounces of gold al 20 per ounce This places the value of the output or metals for the camp at SG60G00 All the precious metals noted above showed an increase for the year over the previous year with the single exception ex-ception of copper Here there was n falling off or something like 250000 pounds but this faIlIng off In the one Is very much more than counterbalanced counterbal-anced by the great Increase In the others oth-ers The greatest increase a pile nomennl Increase In fact was in lead It amounted to 5000000 pounds The increase In silver was 1GOOOaO ounces and In gold 2300 ounces In flgulln on the value of the total outpu the fact wlll not be ovrloolelll that there was during the year a rntulee slump In the price of silver and copper anti Ute act that the money value or the output thIs year Is much greater than that of the previous year in spite of the lower prices speaks volumes for the staying qualities of the camp In defiance or the natural depressIon incident upon falling prices Park City has never at any time In her thirty years of oxlstence enjoyed such prosperity pros-perIty as during the year just close At no time has there been such activity ac-tivity and this activity hag not been confined to the old and wcUeslabllshed mines hut It has extended to new froperJes In nIl dllecllons while properties abandoned years ago have tithing the year taken on new life and now give Indications of makinG records or their own The divIdends for the canny for the year fool up the splendid total or 3524000 There have been at least three dozen new companies orgu uizell wIthin the year to develop new properties and II Is a conservative es a2iiF tlmatc that outside ot the old mInes fully OOOOOG has Ucut expended on tlc clonm11 t work and In the location or new claims HOW THE ORES ARE HANDLED The older Park City mines are admirably ad-mirablY equipped for the handling or the ore and concentrates Tile Silver King leads nil with n tramway that carries the ore Cram the mines md tlcyoslt it at the receiving station tt the ttlcl Grande station Nothing better lhtn thIs tramway for the transportation ff arc exists In tlC country It works nil 2 nmUcnlly the weight of the ore coming I com-ing down furnishing illl the power needed The ores from the Ontario the Duly and the Daly West are brought to the surface through the Ontario workIngs work-Ings and are landed on ears Just below the Ontario mill In the spring the mlllond spur will be extended to the Anchor tunnel and the transportation I of the ores wIll lJe greatly facilitated In I that nay A number of the mines In the Cllmp are still hauling their ores to I I the railroad from the workings but LLS I they have downhill hauls In every Instance In-stance the most of this method or transportation I trans-portation Is minimized IMPROVED METHODS OF UNING Much credit for the great record ot the rear must be given the Improved methods of performing work In the old mines and the consequent great saving This must also account for the fine dividends In the fact ot the falling price of silver Nothing In the way of scientific scien-tific methods ot mining and dandling I the ores has been Ignored The Silver King l the Ontario the Daly West the DahJudge the California the Corn stocle the American Flag and others ot the leaders have expended large sums in the improvement of theft properties and the methods for doing work OPENING OF NEW FIELDS J The progress ot the year In The Pall has given a shock to those who for some years past have had the are I zoue definitely located and measured The wise ones have held that nil the I pay are oC the district wns confined within a territory extending one nllle In one dIrection anti eight miles In the other oth-er and embracing the Ontario the Sliver Sli-ver King the Daly Duly Vest Duly Judge Anchor and other adjoining properties Development Work durinG thc year has made It certain that somo I of the most valuable property at the dIstrict lies outside this bloct and thus old theories oC long slandlng lave been exploded Jhe hustle and rush on many I or the new properties and the exposures already made < glue promise that t the I advancement or the next year will lis count the best that has been done In any year In the past and confident predictions pre-dIctions are made by the best Judges llHLt n number of Park City bonanzas ale still to be opened up DOOl IN PARK CITY DIET RICT It would not be possible In n brief newspaper review to more than men tloh the many mining entclII12eS underway under-way In this great mining district On all sides and In all directions there Is the hum or industry wellestablshe mines arc beIng worked to their capacity capaci-ty new prppcrtles are being opened up In endless l111mhcl old mInes long since deserted arc being revived and reopened re-opened find the promise or great things I 1 1 0 0000e00e000 0e00000000000 0 0 SPLENDID GAIN IN MINERAL OUTPUT 0 0 0 FIGURES FOR 1902 I 0 o f ValUo 131 0 Gold ounces oo 114883 3891260 0 > o Silver ounces 00 15692733 8lSa7CO 0 0 Copper pounds 2673780 305G721 0 10 Lead pounds 00 00 146918597 5879144 0 t L I 11 p Total tialuo l OlGS8 0 o FIGURES FOR 1901 1r < i frZ J < > o t Value e ounces 190171 30453t3 Ii 0 Gold n52550Z 094502 0 0 SIlver ounces 27274528 42Z7551 e 0 Copper pounds JSj7JOOQ 3951960 0 0 Lend pounds 0 o rotal valuo l ir J 9010na e 1o ri r 0 0Q 1Dt6M9 Q o Increase for 1J02 u 00 Q In computing the value of the metals for the yeas gust closed lead 0 basis was put at 0 1 copper the contract 0 was put nt 4 cents per pound could be obtaIned silver f that 0 116 cents the nearest to an average price for that metal and gold was put 1 prIce 0 was put at 5215 cents the average e 0 nt S 20 per ounce l 8 heretofore 0 0 0 0 0 0 0 0 0 0 0 0 0 0000000000000000000003 for the year to come Is borne In on I conservative to say every breeze It is that the working forco in the Park City mining llstrlct leas been Increased rul I iy I 50 per cent during the past year over the year previous This fact In itself tells Its story of what Is going forward SILVER DING IS STILL KING Among all the magnificent properties In the Park City district the SIlver King still holtls undIsputed sway as leader I Its record or dividends for the year Is made up or twelve 100000 distributions one each month with 00000 extra for u Christmas present to the stockholders Few extensive Improvements have been found necessary during the past year but development Work has been pushed till a body of ore Is now In sIght that guarantees an output us great nq the present for the next twenty years and this Is all above the Q0f0t level Below Be-low that level there Is no limit to the ore so far as present knowledge goes THE DALY WEST IMPROVES Close upon the heels oC the Silver King eomes the Daly Vest with Its dlvlden for the ear of lOJ1000 and Its promise of still greater things for the year to come The regular monthly dividends for the latter part of the year were 10S000 find the Indications art that that gait will be kept I up indefinitely Indefi-nitely If It is not surpassed The alJ sorption of the Quincy by the Daly West was one of the big mining deals of the year Itnd the combined properties give promise oC developing Into one or the great silver mines of the country Only minor htlJrovemel were mltde nt tine mine during the year as very few improvements were needed But wIth the addition or the ore coming from the QuIncy workings greater milling capacity ca-pacity was demanded and this was sup piled Aside Cram the production of the regular ore output the energy at this property during the year was directed to the development of the are bodies These at the close or the year arc nU tlmt could be desired by the stockhol era of the company RELIABLE OLD OlliTARIC > The Ontario with a record ot 14000 000 or dividends behind It Is not yet content to rest upon Its honors but 18 forging ahead wIth ns much enthusIasm and energy as many of Its younger sisters sis-ters It Is also constantly addIng to Its dividends which after all Is the test of the value oCa mine During the year the shaft nt No 3 was sunk to the 2000 foot level and nt that point a fine body ot leadsllvcr are was encountered In the shaft Development on this level has been so limited that It Is impossible impossi-ble to give a definite idea of thc extent of this ore body but the owners of the mine arc content The chIef significance df this stlllee at this deep level Is that It demonstrates that the veins of the entire district extend to a greater depth than was at first supposed THE DALYJUDGE IS GROWING The outlook nt the DnbJudge formerly for-merly the Anchor Is giving great pleasure to those Interested in the property The great extent ot ground embrlced in the property and the spiemlld developments 05 to arc bodies give Imomlee of n great mine ono that will swing Into the dlvldendpnyln class at no distant day and stay there for Very many years The company just constructed a fine boardinghouse boarding-house on the property and Is Increas the capacity ot the concentrator to tons dully vVolk Is being don along the line or developing the are veins In the upper part of the mine a work that has been heretofore neE lected and good results arc anticipated from this work THE AlfERICAN FLAG The American Flag Is one of the most active and promising youngsters of district liiln company succeeded the ownership of the Thundcrer group of claims some Umo since and I going ahead with commendable en y In the direction oC developinG the property A new shaft splendidly equipped has just been sunk to the vein and the indications are that shipments will not be long delayed character of the ore In this mine differs radlcoll from that of the other City mines It runs well up In values while some of It has made Eengal1onol showings From this it Is calculaled that n new are zone and or great value Is about to be opened up In that part of the district V10RK ALONG SNAKE CREEK number of propertics1n the Snake country have given IndIcations during the year of soon breaking Into dividendpaying cite Among may be mentioned the Steamboat Mountain Lake the Big Cotton and the Great Western The Big Cottonwood Copper and Gold Mining company was organized last taU bY Trewecl the property has been equipped with good buildings for the uccommodntlon of the men and arrangements ar-rangements lave been made for the prosecution of the work A tunnel Is being driven in upon the ledge at fine copper and goldbearing are The Great Western company with such as Senator Rawlins und David Evans at Its head Is not n step be l td the Big Cottonwood They are Working on a ledge of copper ore 140 wide and are confident of accomplishing accom-plishing yearREVIVING great things in the coming r REVIVING OLD MINES Years ago the Hawkeye and the Mo Henry mines were operated and consid cmblo ore extracted But In the tunnel the ono the ore vein was lost find water drove the operators from the DurIng the past year Il new company acquired title to the property proceeded to develop along mod scientific lines Good arc had al Tll1dy been encountered and the future the property Is surrounded with brlglt prospects Just south of this then Homesta1ce the mast Blue Ledge and I Glcncoe are crowding their way to front and are giving every promise opening out Into great mInes Just or the Hawlecc and between that the Nnl1c1rler Is the Avondale that Is belnlf systematically developed and Is givIng every indication or soon beinG one or the great ole producers OTHER THAYNJS CANTON MINES The Comstock just north of the Call fornla Is looking better than ot anytime any-time in Its history and It Is expected to become one or the producers early In the coming yea The carnsKellh the Scottish ChIef tile Silver Key the Keystone arc aU giving promise at flaking mines In the very near future Much of this propertY Is In the hands of conservative men experienced ml tiers who ale not carried off tlelr feet by temporary excitement They arc proceodln1l with tine development of the property along wise and welJcfjtllb 11shc lines ilnd hole absolute cen4 t dence In the future or that part or the dhHrlct THE CALIFORNIA PROPERTY Ocr In Ihaynos canyon the Call tornla sU1 occupies the center oCi tIic slage so far as outside Interest goes 1he California hHs hall man ups and dons urlng the year but seems to have con1 out at the end ot the year Cor In this shan berore the end or two mont1itTI4E rItE PARK CITY STAR Just to the south o the New lorle Ii n group or five claims that onstltuta the property of the Park City Star lhls property Is I nt the head of Ontario Ca11Jon Buildings have been created here and a shaft Is t going down Ihc 1 I t I JI sl t JP j I J i fA nI f r J J41l J I tp4 St I 1 SI f 4 0 t 0 t 4 t 4 I j t 1 tlw h 4j t j 1L fll co t tT 9t1 I 3 r lg 1 Iz 4Gt 1 I J L r I t Dl ittgrnm Showing Depth of Exploration on Ontario Vein Park City fWd Extent of Its Unexplored Depth in Its Course Through Other Properties with flying cotors The property Is t In better condition than ever the com pany has been reorganized under the laws or the StHe of Nevada the stock naa been made assessable and thc company I com-pany Is pushIng dovelopment work to the satisfaction of all Interested The physcnl condition or the mine Is excellent ex-cellent the ore bodies are increasing and the quality or the ore Is Improving r and the mlll Is running steadily ban I dung from forty to tIny tons of ore daily daJ1OUTLOOK OUTLOOK A1 THE WABASH 1tuch Interest has been centered at limes durIng the year In the Wabash property lying southeast of the Ontario On-tario It is equipped with a fine hoist compressor and other necessary appliances ap-pliances and the company is pushing development work with commendable energy The shaft is I now down to the 600foot level and Jt Is the intentIon to sink It 200 feet still lower Some very members of the company confidently look forward to the making of a bIg mine THE LITTLE BELL The Little Dell adjoinIng the QUlll0Y property Is i giving promise or great things for the coming year The shaft is down to the 400fool level und will be continued 200 feet lower The apex of the ore vein has been encountered but It is considered wise to so lower to admit of stoplng Tintics Output for 1902 As will be Been by the table given below the outvut from thc TIl1t1C dls lllet for the year 902 amounted to nearly 1000 carloads 1hls Is a substantial substan-tial hlclease over the shipments of the previous year The table herewith published pub-lished was complied December tith anti consequently the ore sent out froni the 1lntlc properties for the last week In 1002 Is not Included In these figures 1 but I 1 J 1 J T J r J J I r J I r A J i j If l 2 l lit 7 y I I 1 iJpJI I I I r l h T = sr r J IJ1 I I > I 6 1 rf At n I 1 J r l f i I j I 1 J l Il Jrs A I d > r j 1 i l r II 1 t t ol i I i t r jf i sd r1I I Co t t sCO to J V f t 1 1 f t Ir f Y fJ J1 I t > 1G i f1 1z t fiiJJ t tJf v I t c I 1 II 4 d P I 0 7 I CJ I f l 1 18e J Topographical Ohalt of the Great Mineral Etegion About Park City rich ore has come from this property during the year and If this quality or are is found In large quantities the Wabash will swing In as a big mine It Is the expectttlon of the manage ment to put the mine on a paying basis 1n a short time THE NAILDRIVER OPENED Just south of the Wabash Is the NaIl driver an old property that has been tying Idle for a number of years During Dur-ing the year the company was formed 1ng the year n company was formed to operate It and now the wore Is being pushed The development hero is by means of n tunnel and winze Ore h1 already been tlllton out that runs IlS blgh as 70 per cent lead and 300 ounces ot silver It Is expected that this will In a short time become one 01 the I I big shippers of the district I WORK AT THE CONSTELLATION I Succcss at the Constellation Is largely Contingent on the outcome In the lower workings of the American Flag and it 15 not surprising that the owners I or the Constellation are watching deVelopments de-Velopments in thu Flag with deep In tcrest Four men have been at work throughout the year on the 30000t level and the managemelt professes to be greatly encouraged over the out I look CONDITIONS AT THE DALY Little work has been doue during the year I at the old Daly A number or men have been proSpecting In the Upper levels but what the outcome or this wm be 1s still problematical There Is I sUll much virgin territory In the Dali and there arc tlmse who look for great tldngg et from the property The r h lRUns engine hus been removed to the Nalkiriver and the work at this mIne will henceforth be done through batt No2 which Iii already dOwn to L dopth oC 1000 feet THE NEW YORK BONANZA Just west or the Nal1dllver Is the New York Bonanza another promising youngster It Is south or the Wabash and Hs d to supposed partake ot the same character or arc as Its two near neigh bora There arc five claIms In the property foisting works are going up and 1 a shaft 1 being sunk to strike llm Nalldrlcr vein A good strike Is looked It Is estimated that output for the last week of the old year wlll not fall short of 150 carloads No ot aNa ot ears tona Ajax G1 152 Alaska 10 2ro A T Simmons 1 25 BullionDeck 217 7175 2osi lwced 1 25 Boston Tlntfo 1 25 Crown Point 7 j75 Carlsa 2G2 OjiO CentennialEureka 1jjj 4H5 Dragon iron Mine 455 U75 urcla Hili n 125 Basic Blue 13011 HI 3575 Grand Central 102 10050 Gemini Keystone 4L 120O GotIlva 7 I7i JCiHon Milo 2 fiO Lower Mammoth 151 3m Mammoth 311 I77ii May Day i4 I 111 Monltw Iron ore 14 zo Martha Washington 75 Ilnhblts Foot 2 rlO Swansea S9 2225 South Swansea 122 3OiO Sunday mine i 1 2J SlouUtnh lease 8 200 Star Consolidated 42 10iO Tetro so Tesor 51 1275 Undlno It 1 2i Uncle Sam Consolidated 101 221 Utah 1 2i Victor 51 1 1Z1ii w F rpnnhlILck 1 2ii Ynnheo COllllolhlCltc iC2 8GiiO Showers lease 3 75 Laclcdc 2 50 Total 3787 91G75 Concentrates No cars Alaska jigs 2 Mammoth mill Ii May Day rnlll in laj Day Jigs IS TCBora mill 12 Total lln Bullion Ears Mammoth mill 10 In the nbo tahlo it I L IE figureS that t thro mo twentyfive tons to th car this being the best average |