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Show DALY JUDGE THE saying that mines are made, not found, is particularly well exemplified by the Daly-Judge, Daly-Judge, now the Judge, property at Park City. It used to be regarded as a white elephant with an abnormal appetite for assessments. Under careful care-ful and capable management it has forged ahead until it is the largest money-maker per share in the great camp and one of the heaviest producers of lead, silver and zinc ores in the country. Last year the dividends aggregated one dollar dol-lar per share and as much more was added to the huge cash reserve of the company amounting to nearly three-quarters of a million dollars. The Daly-Judge dropped its superfluous prefix pre-fix and became the Judge Mining company early in the present year, at the same time increasing its capital stock from 300,000 to 500,000 shares. The increase was almost forced upon the company com-pany by the demand for its shares. The holders of the original 300,000 clung with such tenacity to their holdings that there was not enough saleable sale-able stock to make quotations in the market. A part of the new stock was allotted to shareholders sharehold-ers on the basis of their previous holdings, at a moderate price, and the proceeds were used to finance an electrolytic smelter for the treatment of lead-zinc ores which is now in course of erection. erec-tion. The smelter will be only one of many great works accomplished by the Daly-Judge. It has one of the most complete and successful milling plants in the west, electrical hoisting equipment on its main working shaft and a deep development develop-ment tunnel, two and one-half miles long entering its great domain from the south. This tunnel, known as the "Snake Creek tunnel," tun-nel," is of immense utility to the company and affords one of the main reasons for the smelt-1 smelt-1 ing plant In driving the bore a river of water was released and, flowing from the portal, this water creates a tremendous amount of power which can be harnessed to a generator and forced to supply for almost nothing the current required for electrolytic smelting. With this plant in operation, handling thirty-five thirty-five tons of ore per day and turning out a commercial commer-cial zinc product the Judge company should be in a position to clear as great a profit on 5 or 6- cent zinc as it has made on higher-priced zinc shipped to outside smelters. The mine, in the last year, has developed some of the most impressive orebodies in the Park City district at least a half dozen of them and perhaps more. There can be no scarcity of shipping ship-ping material for many years to come, be the rate of production ever so large. It is believed in Park City that the further extension of the Snake Creek tunnel will add many ore deposits now unknown to the resources of the Judge company. Stockholders seem to look upon their shares in this company as securities equal to government govern-ment bonds in safety and five times as good for income purposes. |