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Show EST kCTiViTY :TOAY' ' ' ' " . V- . ' ' " TO MINING MEN. . Givey your delinquent and assessment notices to The Telegram, Careful attention and reasonable rates assured. Call up 240, both 'phones, for a N Telegram man to call on you. :: :: :: we are but now entering- that portion of the company's vast acreage that will prove the best and moat productive-of all. The possibilities of what is termed (the Bonanza Flat region become more; and more apparent as we reach Arnit in that direction, and the results attained by others away to the southwest from the limits of Daly Judge ground, go to emphasise my long-main talned opinion of the mineral richness of our southwest territory. This region should and will be developed with as much speed as is consistent con-sistent with good mining and complete opening and development of that portion of the property now being mined. Even here it will require several years to prove up all the ground between the 1500 level and. the surface. I herewith submit for your considers-tlon considers-tlon the detailed statement of the secretary secre-tary and treasurer. The report of Secretary-Treasurer 1 Lambourne gives the financial condition of the company. The ore sales were aa j follows during the year:. Concentrates, lots 1-60 ... $361,199.04 Grude ores, lots 1-75 373.714.23 Zinc middlings, lots 1-79 ..... 63,06824 Iron middlings, lots 1-21 27.276.62 Interest , earned... 1,709.73 Total sales and earnings x ...$816,976.86 The expenditures on mine account amounted to $176,026.41; on mill account. $64,614.88; ore expenses. $31,266.31; prospecting- and dead work. $30,117.28; general gen-eral expenses, $10,102.35; Interest on bonds and ft overdraft, $4826.08. Among other expenditures were the cost of redeeming re-deeming the bonds, amounting to $209,-000. $209,-000. Bank overdraft January 1, 1906, $21,-976.68. $21,-976.68. The cash on hand December 31. 1906, amounted to the sum of $269,038.87. During the year the company sold 13,-011 13,-011 tons of crude ore; 68,845 tons of concentrates. con-centrates. Including 8534 tons taken from the dump mined prior to January 1. 1906. The crude ore averaged 20.67 ounces silver; .91 ounces gold; 24.61 . per cent lead; .41 per cent copper; 14.62 per cent sine; 16.04 per cent Iron, and sold for $28.72 per ton. The concentrates averaged 18.40 ounces sUver; 070 ounces gold; 33.93 per cent lead; 17 per cent copper, 7 per cent sine; 19.64 per cent Iron, and sold for $36.71 per ton. The sine middlings sold for an average of $5.95 per ton, and the iron middlings gold for an average of $10.06 per ton. . Appended to this letter Is the following ' statement from President Daly, which covers the operations and developments in the mine up to the present date: On account of the late date of mailing our annual report this year, perhaps a few lines from me on the present condition condi-tion of the mine would be advisable. Since the first of the year, as I learn since my return from a several months' absence, the ore bodies on the 1600 level have become somewhat Impoverished and they are not now producing the amount of shipping ore that they did in the earlier stages of development. This fact, together with the shutting down of the sine plant to which we sold our sine product, pro-duct, has reduced our earnings perceptibly. percep-tibly. The latter, however, is only temporary, tempo-rary, as other arrangements are now being be-ing made for the sale of the product. In other parts of the mine visited I found substantial Improvements, notably In the McSorley st ope, where the ore bodies still continue to improve, which insures an Increased tonnage for the mill, preparations prepara-tions for the handling and treatment of which are now under way. Taken In Its entirety the mine Is looking exceedingly well and the year promises to be a most successful one In this, the early stage of Its career. METAL MARKET. Silver is being settlod for today at 66) cents an. ounce In the open market, copper cop-per castings at 231 cents and cathodes at 24 cents a pound, while lead is commanding com-manding $6 per 100 pounds. ORE SHIPMENTS. The Tioneer Sampler Is In receipt of ten cars of ore from Utah. Taylor-Brun-ton has released thirty-one cars of ore from Utah, six cars from Nevada, three cars from Idaho and one car from Mon-, tana. -' ine week on the mining exchango opened with an extremely active and "asational market, although the trading trad-ing was confined to a few; of the top-notchers. top-notchers. Colorado Mining might be placed as the headliner with the stock . being eagerly taken in at figures rang- ing from $2.82 to $3, and closing with the latter price being bid for , , more, almost four . thousand t shares changing hands. Uncle Sam Con. played the second .leading part with its wares being as fully absorbed as those of Colorado . Mining. May Day, too, was among the lucky ones, the. price of that noted favorite advancjng to 31. Beck Tunnel, although al-though but lightly dealt in, reached the $1.85 and $l.o7 mark. Ingot came, in with a few lots at 8Mc and 8c, while New York found a market at 15e. The trading during the open board call brought out a greater number of actors than the regular call, with the activity being almost up to it. Beck Tunnel remained strong at i $1.87, while Colorado dropped bff to - $2.90. Columbus Con. continued steady ' at $5.10, while Daly-Judge and Ingot recorded each a single sale at unchanged un-changed prices. Little Chief was gathered Jn at 16c, with Lower Mammoth advancing to $1.95. Mammoth after remaining dormant dor-mant several months came around with 200 at $1.75. May Day continued active ac-tive rat 29 and 30c, while South Columbus Co-lumbus Con. landed a few at $1.37. Richmond and Anaconda in sympathy with all the Tintic bonanzas moved up to llc. ! I Uncle Sam Con., although weak at the start sold up in large bunches from 87c to 90c, the last sale being a seller option. Yankee Con. closed the trading trad-ing with a single transfer at 50c. The market closing on the following prices: Bid. Asked. Albion $ 1-S? AJax .25 I .3 Bullion-Beck 2.25 3.25 Carisa 63 .6.. . Creole Con. Mercur. 35 .45 Daly 1-50 2.2o Daly-Judge ' 8.00 8.90 Daly West 1J.B0 Urand Central : 4.40 4.50 5alena 03 Horn Sliver 1.25 2.00 Utile Bell "4-2S 4.ia Lower Mammoth 1.90 1.9.i Mammoth 2.00 May Day ,i .30 Nevada Hills 4.3. 4.40 Nevada Fairview 09 .17 Ontario -00 Silver King M2i Sacramento .0?i -.II...... Ukl.U I- .11 ?' any and in the Clark lease is seven eet wide and samples from $14 to $18 a ton. This proves the dike for a distance dis-tance of nearly 2500 feet. The Clark lease dug through nearly fifty feet of malapai before striking the ledge. The shaft will be sent down as fast as pos-hible pos-hible to water level, as at that point in every place yet reached, the ledges make copper - and sulphides of high value. The Consolidated company is erecting erect-ing its gallows frame of 12x12 timbers, tim-bers, the hoist having arrived. This hoist is a 25-Fairbanks-Morse and will be used until the big hoist arrives. The Consolidated will continue to sink as soon as the hoist-is in place. .. Parallel to the Consolidated, Richard Rich-ard Coe of Salt Lake City has a shaft on his lease on the Fisher mine, and is sinking on a streak of high-grade that is of great value. The streak is contained in a wide ledge and will be followed to water level. Some ore is being taken out as sinking progresses, but the shipping is being piled at the mouth of the shaft. .The. New Comstock and Bonanza companies are -working full shifts and a new strike is reported on the New Comstock. This company has 700 feet of ledge containing stringers almost every ev-ery six feet, and as these stringers are crossed, the high-grade shows up in each one. It is stated the whole ledge on this claim will mill at the surface as high as $4 a ton. The stringers so far cut have sampled from $12 to $660 a ton, all narrow, however. The Ramsey Mining company announces an-nounces it will install a steam hoist on its- shaft adjoining the Ramsey-Com-stock. This shaft makes a good deal of water, and is on the Clark dike, 200 feet from the Ramsey-Comstock shaft. Three options and a sale were recorded record-ed last week. The Regan-Gernant group was sold to Chicago people through F. I. Northrup of that city, the price being given at $20,500. Work probably will be done first on the Silver Sil-ver City, one of the best looking claims in the eastern part of the district. The Walkover company is to begin operations at once, as is the Ramsey-Goldfield, Ramsey-Goldfield, the latter owning the Dayton Day-ton group. Capt. Davis of Dayton and Silver City will have charge -of work on the Dayton; and already has assembled assem-bled his machinery at Dayton for the purpose. The stage is loaded down daily with incoming mining men and extra teams are in demand constantly. Lumber is arriving again and work is going ahead in the town as well as at the mines. A number of Goldfielders are in the district dis-trict and have so far managed to keep in the cream of the operations. COPLEY AND PARTY RETURN. Edward Copley, accompanied by F. M. Smith, F. S. Horner, Alexander Parson, all residents of Rockford, 111., has returned re-turned from an inspection of mining propositions In the western part of Nevada. Ne-vada. All of these gentlemen are interested inter-ested In various mining propositions, which include the Nevada-Superior, Im-lay Im-lay Copper properties, formerly known as the 'Morrison Mining company; Nevada Humboldt and the Golden Triangle, located lo-cated In the Rosebud district. At the Nevada Superior they found the management preparing to ship ores which are being mined, and the ground improving improv-ing as development work Is being pushed In every direction. The mill question. will be decided within a few days, or as -soon as the company have returns on the 'tests that are being made on the small consignment con-signment of ores today. As soon as'these returns are received at the general offices In this city the officials will get together and decide on the best method for concentrating con-centrating the ores, of which there is a large tonnage blocked out In the mine. At the properties of the Imlay Copper Mining company the visitors witnessed the installing of the new hoist and compressor, com-pressor, and stayed long enough to see that everything was working O. K. This plant includes a coupte of sixty-horsepower boilers, and a four-drill air compressor. com-pressor. The shaft on this property lias been dropped down below the water level and is tlnis draining the mine, and .will give the company an opportunity to 'begin 'be-gin the shipment of ores. A number of Salt Lakers and Inhabitants Inhabi-tants of the Rosebud district Joined the party in the inspection of the Golden Triangle Tri-angle group, and the opinion was general that this company has. a most excellent piece of mining ground. Among the men who visited the Golden Triangle property was no less a personage than Capt. Case, who has charge of the operations of the Brown Palace. The Captain made a caTeful inspection -of the open cuts that are being made by this company, and stated to the visitors that there was no question 'but the company had the making ma-king of a good mining proposition, and that he believed with the policy adopted b ythls company, which Is that of opening open-ing up the trenches to a depth sufficient to determine the trend ot the ore bodies, the desired results would be obtained. Capt. Case then took the visitors to the Brown Palace ground and showed them the surface trenches on this ground, which revealed the ore bodies to the extent ex-tent of twenty feet .very particle of which Is sufficiently high grade to ship direct to the market without even so much as sorting. The formation throughout the entire district is very much on the same order as that of the Brown Palace, which shows the formation to be of ruby silver, chloride and sulphides. Upon the return of this party to Salt Lake It was decided to place 50.000 shares of the treasury stock of the Golden Triangle Tri-angle on the market at 15 cents per share, for the purposo of pushing development devel-opment work, b ut If at an ytlme the changes at the mine Justify it. the company com-pany has the privilege to withdraw the unsold protlon of this allotment. Subscription Sub-scription for the stock will be received at the offices of the Corrall-Copley company in the Commercial block temporarily. 1 1 -pi oiuciu ' " - " " . rtar Con.. " Stray Dog -23 Swansea 35 South Swansea 09 Utah i Uncle Sam Con 88 .90 Victoria 2-5 Boston Con 26.0 ... Butler-Liberal 10 .13 Beck Tunnel Con 1.85 1.90 Black Jack 9 -.61 Cyclone "2 ....... Centary ."O Colorado M 2.95 3.00 Emerald .... .... ' . Ingot .. .i 071 .081 Little Chief .1 .11 New York .1 -JS Richmond -Anaconda 091 , Scottish Chief .07 South Columbus 1.30 .1.40 Tetro 10 Victor Con 11 .12 , A Wabash 10 .IS Yankee Con 49 .55 Mount Lake 1 .80 Eagle's Nest , .30 " Lou Dillon .14 .20 Lead King ; 17 ' .20 Seven Troughs 4 .46 . ' ' MORNING SALES. V May Day. 1000 at 301c; 2000 at 31c; 1300 at 30c. 4 Uncle Sam, 1600 at 91; 700 at 92c; 1000 at 90c, seller sixty days; 1100 at 90c; 1100 at 89c. Beck Tunnel. 100 at $1.85; 500 at $1,871. Colorado. 100 at $2,871: 100 at $2.90; 3565 at $3.00; 100 at $2,971; 100 at $2,971, seller sixty days. Inget. 600 at 8c; 3000 at 8c. ' New York, 1000 at 15c. OPE NBOARD. Beck Tunnel. 100 at $1,871. Colorado Mining, 600 at $2.90. Columbus Con., 6500 at $3.10. , . Daly-Judge, 20 at $8,621. Ingot. 1000 at 8lc. Little Chief. 1435 at He. Lower Mammoth, 200 at $1.90; 200 at Mammoth, 200 at $1.. May Day. 1000-at 291c; 3000 at 30c. South Columbus Con.. 500 at $1,371. Richmond-Anaconda, 1000 at 11c; 500 at 111c. Uncle Sam Con.. 200 at 87c; 100 at 88c;r 1400 at 89c; 1200 at 90c. seller sixty days; 600 at floe; 1000 at 89c. seller sixty days. Yankee Con., 100 at 60c. TOTALS. Regular. 19.065 shares. $-9,671.60. . "Open. 19.955 shares. $15,118.70. Totals, 39,020 sahres. $34,780.20. . GOOD STRIKE AT RAMSEY. (Special to The Telegram.) RAMSEY, April 29. Once more Ramsey comes to the front with a strike of good ore in a brand new tlace, that of th Clark-Robinson lease on the Ramsey -Ophir. company 's American Amer-ican Eagle mine. Tbe lease is at the highest point in the district, bearing almost the relative position of the North Star at Tono-pah, Tono-pah, bnt finding the ore at about fifty feet depth. The ledge is a continuation continua-tion of the bow famous Clark dike owned . by the Ramsey-Comstock com- PARK CITY SHIPMENTS. The product that Is being sent out from the regular shippers. In the Park City district shows an Increase each week. Last week the number of pounds of ore received at the sampler from each of the properties, is as follows: Daly Judge ... $1,609,000 Silver King 881.720 Daly West 947.000 Ontario ... 146.000 Daly : 127.000 Total $3710,720 PRESIDENT DALY ''RETIRES. Owing to the fact that President John J. Daly of the Daly Judge Mining company, com-pany, has Justreturned from his trip to I a foreign country in search of health, the annual report of this company, covering operations during 1906, Is Just being mailed to shareholders. In addition to the report of the development work and earnings of the mine, it has come to light that John J. Daly, who has been In the mining business in Park City for forty years, is forced to retire from further fur-ther active participation in the operation opera-tion of mines, due to poor health, and that the company will be called upon to elect a successor to' him 'as both president presi-dent and general manager of this the third bonanza and dividend -payer that be has developed. The two other properties are the old Daly and the Daly West mines, both of which? have declared an aggregate amount of approximately $9,000,000 In dividends, In addition to giving employment employ-ment to thousands of laboring men. In his annual report the president of the company shows that the indebtedness of the company at the beginning of 1906 amounted to $230,976.68, represented by $209,000 of outstanding bonds and I an overdraft of $21,976.68 In the banki In the face of this big Indebtedness, together to-gether with the fact that the mill was not started nor successfully operated until un-til late In the season, this entire indebtedness indebt-edness wss wiped out and a cash balance bal-ance wavleft to the company's credit of $269,038.37; the net earnings of the company com-pany being $500,015.05, or 61.2 per cent of the gross earnings. The report then follows: During the year approximately 2000 feet of development work has been done, which consists of 1500 feet of drifts, 340 feet of raises and a sixty-foot winze. This is exclusive of the prospecting work done mostly on the 1500-foot level, and two raises were put up from that level to connect with the 1400. In doing this work some fine ore bodies 'were encountered, notably one on the 1500 level, where a strong shoot was opened showing a width of from ten to thirty feet by 250 eet In length. This ore is practically free from Inc. but high In Iron, making It a very desirable ore for the smelters as well as for concentration. A gfod part of the crude ore shipped during the year came from this stope, and as there are ore bodies very similar In character opened on the 1300 and 1400-foot levels directly above we can reasonably expect to find good stoplng around between these levels, v In the McSorley drift Just above the 1200-foot level, the ore bodies have greatly great-ly improved In both quality and quantity ss the work advances westerly toward Bonanza Fbvt. The ore body In the face of the stope now measures fully fifty feet, the greater part of which is of a milling grade, but out of which quite a tonnage of shipping ore Is sorted. This ore shoot Is opened In places for several hundred feet southwest from the point where It Is now being mined, and as the ore has varied from ten to twenty-five feet In width and from thirty to fifty feet In height, it can readily be seen that this shoot of ore will afford stoplng ground for a long time to -come. The ore bodies on the 1400 level are producing ore of an excellent quality, as are those on the 1300 level. The -amount of shipping grade or obtained varies widely In the different ore bodies, some of the stopes 1 yielding mostly concentrating trr. others producing liberally of shipping grade. , While the past year has been a good one as respects the development of new ground, and while the known ore bodies have been called upon for but a fraction of tbe tonnage exposed, I consider that i . ' |