Show good outside ore last week H randall and W J blake returned from a weeks prospecting trip over in skull valley they succeeded in finding some twelve claims only a very little surface work was done by the pros but sufficient to uncover a ledge from which was taken several sample of high grade lead ore the samples were turned over to assayer job of f the daly judge and returns sho show w tile the ore to carry per cent lead ounces of silver and a trace of 0 gold pretty good tor for surface rock the ledge from which this was taken is about two feet wide with streaks of ore running through it the gerit gentlemen lemen are much encouraged over their find and think with tint but little development a vein of silver lead ore will be uncovered they propose to re turn in the near future and do tur fur ther prospecting n continued d on page four i MINES AND MINING i A continued from page one married men m thrown Nii out 0 of em pl by tile the dalk west fire are working tor for the different companies in the camp aud and s scarcely earcell a day goes by without seeing the number of unemployed reduced this Is the result of the get together spirit which is doing much tor for the betterment 0 of our community much talk and undue censure was heaped upon the local commercial club the first of 0 the week by a few would bo be agitators because of the fact that a few single men had been laid ott off at one of the big colli companies paules and their places filled by married men and heads ot of families the cry was raised that the commercial club was advocating this proceed ure and all kinds ot of threats made in couse consequence this was absolutely false and known to be so by those laid off the appeal by tile the nation iza tion as published in the last issue ot of the record gives the lie he direct to those who were tile the busiest in circulating their grievances vences every single man laid oft off at this particular time knows the reason reao n thereof there was a cause and ill the result would have been tile the sante same had tile the daiy D ay iy west fire never e r oc e 0 cured with lie ito exception lp perhaps I 1 r hav that all married men would not have succeeded them daly west statement general manager 11 G Me mcmillan millan yesterday issued to the stockholders of t the e daly daiy west mining company the following letter in which improved physical conditions at the mine tile tho I 1 gradual building up of the treasury and the assurance of 0 the reconstruction of tile the burned mill are points touched on the letter dated december 28 is as follows tile the board of directory direct directors ori and in management ana gement of your property realizing that you yo aare are entitled to as full fil information formation as can be furnished at this time ot of the existing conditions in your enterprise represented by your holdings can only give you demonstrated facts without going into precise details which will be furnished I 1 in ii it the ile forthcoming annual report which will ill be compiled and mailed to each shareholder as soon as the details of accomplishment tor for the year can be available and put in form sev eral reasons can be stated for passing dividends since last january As shown by our last annual report the treasury had been drawn upon in a considerable sum by the purchase of additional mining ground and interests to our territory which were valuable holdings in excess of their cost besides by their purchase avoiding probable expensive annoy annoyances auces from hostile neighbors but this has been finally closed up and titles secured at an aggregate cost ot of early in the year the crude ore having shipping values fell off in tonnage although the milling product continued in large bodies values depreciated precia ted in all the metal con contents tenis making it necessary to treat a greater number of tons at increased expense in order to produce standard profitable concentrates FO for r the past four months metal values in both classes of ore have shown and continue to contain increased values shipments of crude ore have been made in increasing tonnage with large bodies of this class of ore in sight assuring continuing shipments at least tor for months the mill is treating the milling product turning out high grade concentrates from much less tonnage during the year extensive prospecting work has been done with results in exposures of new bodies of ore which is encouraging the treasury is being built up showing earnings each month clear of any indebtedness with a comfortable balance of cash at present lower prices of 0 the metals in the market curtail earnings appreciably but no sufficient reasons aill appear pear why these depressed values should con continue anticipated expansion of business by reason of recent currency legislation should stimulate demand tor for our metal product it at all events better results can be reasonably anticipated the coining year on tile the morning of december 28 1913 at ter ler the preparation of 0 the foregoing letter and before nl mailing ailing the main mill and hoist of the daly west mining company were destroyed by tire fire which necessitates a reconstruction and of both the mill and holst hoist fortunately sufficient insurance was carried by the company on buildings and machinery to practically rebuild and restore tile the damage so that the loss of time by delay of reconstruction Is the greater misfortune as no personal injury was sustained by any employee at the silver hill work at tile the immense underground station in the alliance tunnel known 1 n ow n as the silver shaft is progressing r b re ng rapidly and satisfactory the ll 11 e cement work iorli is finished and the placing of machinery comme commenced need while there Is considerable work yet to be done those in laut authority hority say that the of feb auary will see the machinery machi nerr in operation and the sinking ot of the shaft commenced when development work is fairly under way at tills this section of the king coalition workings in it is 13 safe to say additional men mill ail ue be employed and perhaps three times that number the daly west lease joe gerrans and joe hartle hartie have a small force it at work dvork on a lease on the SOO of the old daly and ore is already being extracted the leas ers are optimistic regarding the future and should they encounter a vein of stuff that was so common in this property ln in the early days of the camp they would soon be going on easy street with a down grade to prosperity Is it true rumor has it that the elie american flag has purchased the entire plant of tile the grasselli zine company on tile the flat below town ton it if this is true and the plant conier converted ted into reduction tor for the ores of the flag it will male a big difference in the park doirin during the next year the rumor could not be verified because of the absence of mr short from the city crosscuts Cross cuts superintendent E L talbot was up at the daly west the first two jays days of 0 this week since which time lie he has been in salt lake consulting with the directors as to future plans george dern was in the camp the first of 0 the week watching the successful operations at the old ontario mill by which the mines operating company are rapidly getting back tile large sums expended in perfecting the process tor for working the fillings of the ontario mine shipments A lk daly judge 1 3 silver king king con american flag total |