Show 5 I 1 mining matters the daly vett directors posted the usual dividend ot this week distribution to be made on the 1 th to stockholders on record on A resolution was also adopt eil to the effect tl at next year dividends will be paid by the quarter 0 by tie month as at present tl U vill go into effect in march tl ough tl e amount 0 the divided 1 as 1 ec left onea so 11 t it mai bo governed I 1 y ll 11 B output of he mine some of ll 11 e stock holders ere in of placing it at 7 e a quarter or 3 00 per sl are per annum the corn pany has pail in ani denda this year 1 the first tour months 0 tl e year and since that time it Is said that some of the most prominent directors of the company are in favor of reducing tie dividend if tor no oilier reason than to relieve tl e high tension policy of crowd ing production to make a big showing this lias been the condition of the affairs for some months past the effect being noticed even in the miners who have tried to outdo each other in seeing which kluft could bend the greater number of cars of ore A dividend per quarter dividend 1 as also been con si dered as it is known that the milling ores of the mine will produce this amount considering any of the airet claar production whatever speak ing of the physical condition of the mine john A kirby the company s consulting engineer and until recently general superintendent of the property tl is week said it is a mistaken idea to think that the first class ores of the dal est have played out there are still large bodies 0 this class while there is simply a world of milling ore in sight and blocked out there are other nines in this state which are great and are great but as compared with the daly est they would appear mighty small 1 do not pretend to know what rate of dividends will be paid next year but I 1 do know that the milling ores alone are capable of earning better than ft month per share AMERICAN FLAG the american flag company made settlement wibb the shelters smelters sm elters tuesday for tons of ore the lot being sold on controls showing 64 ounces silver 6 gold and some little lead and copper per ton the total shipments tor the month of Ino rember were tons the property will probably maintain this 0 input until the 1100 foot level is reached when the tonnage will be practically doubled and that wi bout resorting to stop loping more than the asua usua work requires hot a elope has been opened up as yet the ore now being sent out coming from the drifts being bent out on the rein it is the intention to open up all of the levels before eloping la commenced the 1100 is known to carry some of the neb est rock in the mine and the results from the shipments mad from this level will probably be greater than those from the upper working of the property CHIEF though conci high grade ore 1 as been taken from the scottish chief of late and several shipments made the returns have not bein sufficient to pay for the extensile campaign of develop men under nay t the mine and the directors have found it necessary to levy an assessment of a cent per share on the stack of the company the same having been made payable on or before january in view oi the fact that abi property has been shipping quite heavily of late tl e assessment rame as somewhat of a surprise but the development work now being done was con very advisable even it it did make it necessary to call upon the share holders for financial aid the condition 01 the mine is very gratifying and con finues to improve THE at a meeting 01 the aristocrat mining company held the fore part ot the week it was decided to resume the develop ment work on the company s claims such work having been suspended some time ago the company is an ancor one and has claims lying east ot the corona in deer alley essays assays of float taken from the surface have shown encouraging values in gold and there is already a 50 foot well timbered shaft on the ground john liasson it president and manager ol 01 the compana and george ketchum thos paull and II 11 M short the directors the prospects to say the least are very en cou raging and the management is very hopeful of striking ore ere long A small force of men was put to work on tl e ground this week THE DAIT A streak of ore was week in the ontario drain tunnel exten elon in the old calv round and a result daly acock up goms what the ore is not of an exceptionally high grade but it i tin encouraging in Ji cation for the daly property there are belll several hundred leet of the tun oel 0 o be worked through daly ground before the daly oveat end lines are reached and it ig probable tl at more in te resting developments will tran spra before the bori is completed TUB hew V director of the new oa company who voted the mine alila week declares it to be in I 1 etter condition than ever before iu ita history there ia now abo it 30 tons 0 ore on the dump and still considerable in figl t nith in of larger bodies to olio tl e time to shipment hai not yet been decided upon bit a large ton cage will probably be allowed to acau malate before any more of the prod let ia marketed CAMP business jame visitor in salt lake alna week manager georee II ancock of the ferry Il ancock properties spent sunday baat in the metropolis ork at the mine li steadily bough there are no new let elop meola to report the exceptionally weather of the past two a lias been 0 consider able benefit to who hail it 1 been stormy and wet woul I 1 have haj to desert claims an 1 their earb work lone before ali a the great silver mm will a christmas of afta cents a bhare or 06 on tl 0 sir I 1 iuga lo 10 ot geror 1 dec tl e i extra y iome will come ai an agreeable e to I 1 en who did not know hat burh action t ad been taken by the co nanny IT is will awell the co nanya total or the year to tl e han BUM of a record ot which it may well be proud the king 18 a bonanza and is now in buch condition that its future record will be in keeping wit its past manacek 0 L rood of 1 e ontario daly and Nail driver properties paid the camp his usual vianit thia week he found everything moving along in first class chape the condition of tl e daly being particularly encouraging manager john J daly of the baly judge was in camp thia week and appeared to ha ell with ahw condition of the mine while much of the development word at this property haa I 1 een in barren ground ore is now in eight nd the are certai ly most encouraging at the acon the pump in stalled last week was found unable to handle the water in the shaft and the work has again been fur ther plans have not been le finitely ar ranged though a deal is pending tor a new steam pumi and equipment the delay in the development is much re fretted by the management though it seems to be james G ivanison and charles s came over from the I 1 ait valeo this week and will remain until the first of the year the gentlemen have been working at this property toi two maniha past and have made a splendid showing they report the prospect as looking very encouraging tl there are no new developments to of work will ba vigorously prosecuted aga n begin ieng with the new year tt e new tables for the ontario mill arrived this beek and and are now being placed under the direction of su perin moffat they will be all in working order by the first ol 01 abo year and tl e n ill will then commence eliop ping a increased output flames are being laid tl e city reservoir to the mill and tl e water reservoirs A be used in operating the new tables daly west ontario 0 king 1 80 |