Show Silver King Cons Con's Offer to to Stockholders Judge MS M Report I Stockholders of the Silver lUng King Consolidated have been n notified by bythe bythe bythe the company that they are re entitled to lI subscribe tor for three shares of treasury stock for each seven soven shares hares In their respective nameS nameS' name on on March 16 10 last at the pr pre prU tI 01 ui 2 2 per share re The subscription hUege extends only to May 1 The new st It was created by an amendment to Ilia articles articles' of Incorporation adopted and the purpose of the Bale sale is to provide the development of th the company's Thayne's canyon territory embracing 90 per percent cent of its ita total acreage age The The capital stock Is ia increased from to shares The Thelast Thelast last laBi increase increase- made in 1913 was waB from to The now stock at that time was waB was taken up quickly by shareholders and has since yielded fielded U. U I la to dividends The letter notifying the he stockholders of the allotment says say The subscription n price of the allotted al Jotted stock has ha been gauged by the sum Bum required to liquidate the obligations assumed in purchasing new territory and to open on a large scale Beale the mineral D resources resources' of our I major holdings We have no I tancy our our opinion that that the difference between the t e price stated stated stat stat- ed and the expected market value of the stock resulting from the proposed development will yield a substantial premium to those who by their subscriptions subscriptions sub sub- 8 furnish the capital for forthe forthe the work The new new territory mentioned Is ia the Comstock California group of acres which includes includes includes' a a. mill shaft and considerable tonnage of developed ore The principal development devel devel- development contemplated it Is understood understood under under- stood Is ia the completion of the Spiro drainage and aud transportation tunnel n now in more than thana a mile and proceeding proceed proceed- ing at t the e rate rata of fifteen fee feet c dally Ur toward the Comstock California and other westerly holdings of th the com com- corn corn- I pang pany E. E L. L TALBOT IN NEVADA V v The The h Good Springs Gazette Gazette says Bays During the past few months month some Te very y interesting development work has been going on at the Bullion Mine Some Soma months ago the main ore bodies bodes were cut by a fault and since then the management has been I working with the object of locating the continuation of the ore bodies It is thought by Consulting Engineer E. E L. L Talbot of Salt Lake City who is on the ground that the mystery has been solved Mr Talbot like most mining engineers dislikes any undue publicity until all his statements state state- i ments meats can can be substantiated but is Is' Is prepared t to say that the present outlook outlook out out- i look of the Bullion mine is very en en- The new ore bodies which are aro In reality a a. continuation of the old have not riot been penetrated i sufficiently as yetto et to determine their I extent I lUe 1 CITY'S OUTPUT t l From rom the tho mines of Park City the shipments of first-class first crude ore and mill concentrates t Together gether with some Bome product of high-grade high spelter from the tho new zinc smelter amounted to tons during the month of March according to the weekly preliminary pre pro figures says the Deseret l livening Evening News This output is estimated estimated esti estl mated at nearly It Is compared compared com com- pared with more than titan tons Inthe in inthe inthe the preceding month and tons tona In the month of January These preliminary figures from the great camp of Park ParI City for tor th fl first Ot t quarter of this year Indicate i. i production of upwards of tons lonai tong valued ut lit api- api lY 1 The figures compare with an output the first quarter last year of approximately tons Thu They indicate an increase in the tho camps camp's output for the coming coining year of ot upwards upwards up up- w wards of tons worth more than Tho The monthly pro pro- recently has haa been around half halt a a. million in dollars Somewhere near that was maintained of l labs lii r dart durl il the he ht of ot othe he the shipping season Till I Mr Samuel Troweek heavily Interested In Interested In In- in the Conkling property came rame back to the he Park last week and proposes to again make his home in our midst It Is la perhaps not generally generally generally gener gener- ally known that a n decision was re re- given In tho the federal court Inthe In the tho King Coalition on va vs Conkling Mining lu I. I u which dam dam- agea were awarded the Conkling peo peo- i pie In the sum Bum of t Notwithstanding Not Not- Not 1 withstanding this big sum the decision deci deci- sl sion t Is Is' unsatisfactory and an appeal will he be be taken to U. U S. S Court of Appeals Appeals Appeals Ap Ap- peals by the plaintiff plaintiff and and likely another another an an- other year will pass before a a. decision will b be given from thin thie court the court the bad feature being the property involved In Involved In in- I will wUl be Idle during this time r j It Is ia understood the defendant will also take an appeal from the deci deci- deci decision sl sion n. n On this vast sum interest at atthe atthe I the rate of 8 per cent per annum willbe will willbe be added to the principal so if the the decision Is sustained by the higher court a a. nice sum Bum will be coming to the winners even winners even ven If higher damages Is not awarded The amount award award- awarded ed by Judge Johnson commenced bearing Interest on March 1 I 1918 RACK HACK AT Tim THE KING lUNG COALITION J. J A. A McCormick the well well known known and experienced mining ma man for years year past connected with the King Coalition and King Consolidated companies companies com com- who resigned as foreman f reman of the latter company to accept a position position position tion with a South America company changed his mind about le leaving Utah and is back with th the Coalition people Mr McCormick was a a visitor tor in the tho metropolis the first of the week on matters pertaining to too to min ming mining ing affairs MITER EIGHTEEN YEARS With the closing of the West Daly-West the first of this month Mr George E. E Hedges for Cor eighteen years competent competent competent compe compe- tent keeper book at the mine severed severed severed sever sever- ed his connection with the company and Wednesday morning last left the Park to take an active interest in n an established business in Ogden owned by himself and son law Mr C. C E. E Armstrong For more than twenty years Mr Hedges has b been beena en ena a resident of Park City for two years of that time he f was s agent at at the Rio Grande station the remainder of the time a faithful employ of the Daly He will be missed from our community for for he was always an active good citizen and leaves with the tho respect and well wishes wish s ofU of all hll U who know m w him Mrs tars Hedges one of ot the oldest school teachers teachers' of our public schools will remain Inthis in inthis inthis this city until the close of school when she will make her home bome in the Junction city TILE THE Contradictory r reports ports come from the Monday a surprise was given the st stockholders by 12 cents being bid for the stock and asked This only lasted a day for day for Tuesday 12 cents was bid and 16 15 cents asked It was reported that some high grade ore had been found found- by the leasers samples sam earn pIes ples of or which were brought down to toI toone ono one of our local brokers The I strike however could not be ver- ver lied and those in a position to know say says the Is very I lean and that no high grade ore has bas been uncovered uncovered uncovered-so so there you are I MA ltd I ORE Olm I SHIPMENTS I Over hr Illo ho Grando Shipper Cars Tons I Silver Sliver 1 King 32 32 1812 iDaly Daly West 13 13 COS I Ontario 27 27 1402 1462 Iowa Copper 4 Now New Quincy 1 53 Judge M. M S S. S 12 12 t I I 89 Union Pacific her i I I Ontario 11 1409 Oal Paly Daly West 5 6 judge 1 M S S. S 2 3 89 Judge M 1 S. S Zinc Zino 2 89 I King Consolidated 20 20 1117 Total Total- Total 78 I DALY DAIY WI WEST NEST ST CLOSED D I The first of ot the month tho the pal Daly West hoisting works were closed and the mine practically closed temper temporarily arlly All the tho employee however wro ro retained by the Judge company in accordance with plans plane map map- pod ped out by tho Use new lIew the tho more economical and effective doI development do de of ot the mine Th The Anchor I tunnel will be driven to connect with I tho thu Daly West shaft shatto and when this ia Is done the tho milling ores orea of the I I west will be bo worked at the tho Judge mill still and iv a campaign of de develop development elop I I ment meat inaugurated that will wilt likely make a n dividend payer yer of ot this old property Large sums of money will hA be expended In ht carrying out the tho plans plane of oC Ibe he new management At AtI I present tho the only work being done at n I the Daly Italy West Is la by Dick Polton's Pelton's who leasers leasers who are extracting considerable consid consid- erable ore CROSSCUTS I W. W K n. Elliott of the Three Kings I was at the tho property yesterday Ito IIo I I reports conditions satisfactory and andis andis is as optimistic as aa ever of the tho future I I Al Frank mining engineer and expert ex ox- I pert was In the Park Wednesday on important matters connected with the tho I Keystone property the nature of which not being divulged I Newton Nowton Dunyon of the Ontario I was WI a passenger for tor Salt Lake the first nut of the week He lie reports conditions condl- condl I tione on the 1600 1000 and 1700 of hU his property improving dally and ia is it of ot otI I the opinion that great groat things will happen up Ontario way before long Manager Jinks Nelson reports a full face tace of ot shipping ore oro at the tho Nelson Nolson Nel Nol son Bon Queen an predicts another Cardiff before borore the year is ie out Assays Assays As As- says from 6 samples taken to Salt Lake last week show in gold 1440 in silver er and 1275 1276 in copper Richard Bauerbach Dauerbach for months prominently connected with the Judge Smelter In company with u Cameron McKay of ot the Judge M M. M and S. S company ent went to Salt Lake Lako Monday and both gentlemen gentlemen gentlemen gentle gentle- men enlisted in tho tiro artillery section of ot tho the U. U S. S army alwy Both are sterling stelling young men and will wUl be missed by the tile companies with which they were wore con con- Master Mech Mechanic nl W. W S. S l no of tho the Judge Mining and Smelting company was waa a a. visitor to Salt Lake LakeI I I Tuesday last on on matters watters pertaining to the tho big lg company company he be represents Manager Peter leler l Keenan eenan and Wm McGarry of ot the tile Pork Park OH Oil and Do- Do company went to Salt Lake Tuesday afternoon in iu the ol ot their company Mr Keenan I la lit Just back from the holdings of the company com corn pany in Wyoming and Is ia exceedingly exceed optimistic as regards the future of ol the company J P. P Ellsworth the new superintendent superintendent of 0 the Judge Smelter I is at at- splendid results from changes made mado since Ince he be took charge chargo and his hla I like business methods ds and always pleasant manner haa has won for far him tho rho friendship and good writ of oC er e every man luau under Mm Mill as well as aa the admiration of ot the management A competent and thorough mill man and metallurgist Is la Mr Ellsworth SHIPMENTS Ontario Ontario Judge M M. M S. S Co Judge M. M S. S Zinc I tHing Coalition iDaly Daly West King Consolidated Creek Jiggers i Total 7 m REPORT Oh W J JUDGE MINING AND ANO NU j I SMELTING CO The H Record cord appreciates the tact fact that it Is lit able to give to Its Us readers first band the annual report of the he I Judge Mining and SI Smelting coat coni pany PRESIDENTS PRESIDENT'S To the tho Shareholders of tho Judge Mining and und Smelting Company Compan I I Herewith ia is submitted for your consideration the reports and statements state state- statements ments covering operation for the year 1917 1017 j I Since the nr first t of ot March the affairs af af- fairs Calra of The Daly West Mining Company Com Cont I pany owning an property have been beel entrusted to our manage ment There Thero ia is no doubt that economy econ econ- economy omy In operations and benefit benefits to Continued orr Olt Page ralo Seven haven J I I I t i I j I I j j 1 I I Report of Judge Ma M. S. S Company Continued From Pate Pale One both companies can be brought brough about A consolidation of the two companIes companies com com- Is not contemplated Respectfully II H OTTO HANKE March 1918 President Pr i GENERAL GJ MAN To the President and Doard Board of Di DIrectors Directors Di DI- rectors of the Judge Mining and Smelting Company For our fiscal year ending December December December Decem Decem- ber 1917 the total output of ore from the mine was tons dry weight which Is tons less than the output of 1916 One gratifying gratifying feature Is la the comparison of ol tho the increased production of tons tons of crude or smelting grade ore re over that of 1916 being tons as against tons The products from the concentrating mill were wore tons tone of lead concentrates and tons of zinc concentrates the latter being the product treated in our our pine reduction plant The metal metal metal met met- al contents of all products sold fol follows lows silver 6 gold Ibs lbs lead Ibs lbs copper and Ibs lbs of recoverable recoverable recoverable re re- coverable zinc Results geologic from from geologic and and exploratory work of the year have been unusually fruitful In fa fact act t the results attained in ore development development development de de- through this research work is the brightest spot in the years year's operation Now that the government has fixed fixed fixed fix fix- ed a maximum price of twelve cents per pound for Grade A spelter speller we look forward to a market In the near future for the sale of our lion Uon of spelter as well as a ready market for the product as same lame IsI is produced in the plant The completion completion completion comple comple- tion o the changes now under way and made in the zinc reduction plant and which ar are confidently expected to overcome the difficulties in reaching its rated output will largely add to the income The total receipts from all sources were against expenditures expendi expendi- tures of which together er with our dividend payment of has reduced our available available avail avail- able cash balance to Submitted herewith Is the report of the General Superintendent covering covering cov cow ering Bring all operations for the year together with financial statement Respectfully G G G. W. W LAMBO LAMBOURNE UNE General Manager Salt Lake City Cily Utah March let 1st 1918 General Superintendents Superintendent's Report Mr G. G W. W Lambourne General Manager Manager Man Man- ager Judge Mining and Smelting Company Salt Lake City Utah Dear Sir SirI Sir Sir- I herewith submit my report of the operations of the mine mill and electrolytic elec elec- electrolytic zinc reduction plant of the Judge Mining and Smelting Company for the year 1917 Mine Underground operations for the year have been handicapped by the business upheaval of th the country brought about by war conditions Advanced Advanced prices Increased difficulty difficulty ty ty of obtaining operating equipment and supplies railway embargoes onore on onore ore shipments and the limited supply of of labor with the resultant lower working efficiency of the men obtainable obtainable obtainable ob ob- have all contributed to higher mining costs and to limiting production |