Show I 1 mining matters Tv MW ORE conditions et the hew ork bonanza continues encouraging especially bood new 8 coining froin the the first ot I 1 alie week when lifter drifting on the level had been commenced recommenced re consider able hush grade ore was uncovered the ore shoot on that level had pinched out and work was or e short tibiae confined to eloping ben drifting wae began again however how euer the ore wae re found samples of this have been and gave beturne of M per cent lead ounces fiher and 10 in gold per ton the is going down nicely rom the foot elation eta tion about one third ot the distance to the foot mark having been completed it will take about two weeke more to reaca the foot level when sixty odd feet of ground will 1 ave been opened ap or practically feet in all in the ore shoots SILVER kia ANNUAL the annual of the eatock holders of the silver king mining was held at the company core in thia city last monday the election of officers offic erg resulted david keith being chosen president thomas reams vice president pre eident W S mccornick treasurer john A alalia secretary the old board of directors consisting of W kice james ivors david keith chomas reams and S mccornick was re elected other regular routine ansi was dal judge glock has experienced an advance thia week very egr erable to its stockholders and while no direct cause known or the advance it is generally understood and believed that the mine ie no opening up more encouragingly than ever before four drifts are being driven into the bonanza flat ground and the does not deny tha neb ore ia large bs been found in fact tha bins at the mine and mill are loaded with high grade ore inch has been taken out of these drifts as development work has been done without any sloping w gatei er the drifts have been into the new territory at the rate of file beet per day and a considerable area of ground bae been opened ap it ie generally understood that the daly judge is already ID good condition to ahio reg ilaray and it will be no great if the mill is pat into commission again inia e near future DALY WEST tie eatock of the daly vest n ining company has been quite active during he week ai d baa showed a quite substantial advance some tin e ago a corn attee was appointed in cincinnati to come out to the park and conditions at the daly ft beet and some action may soon be taken by them in reply to a query or information from a projective tive purchaser the united states alining investor nives out bome intelli gence about the mine which should be of interest to local shareholders the mide has yielded ta in dividends since it began payment in october 1899 at the beginning of the dividend period the chares were selling at rom 10 to 12 and advanced rapidly until 1901 when the price was 56 a share the d ridenda increased until they reached the figure of 65 cenie per share per month last may the dividends were reduced to 40 cents per behare and the stock went down rapidly to about 10 per shard in dec ember the directors voted to pass the january and february dividends and to pay quarterly dividends divi denda hereafter begin ning with march tie article goes on to say hen a mine has yielded as many millions of dollars as the daly eel has the prospects are somewhat problematical it may be a rood pur chae at tace present price it we consider the interest on the investment the company a tunnel which will open be mine at a depth of COO to feet under the present workings and there are many who think that this will put the mine into such condition as to warrant higher prices for the stok sto k the in this tunnel are being watched with a great deal 0 inte reel and the outlook la somewhat ing CAMP the comstock Co matock paid off yesterday mccaskel 0 tb eDaly 1 eat was a passenger to the city beeter dav afternoon d F boreman 0 this city is the latest or membership oo 00 the salt lake mining exchange lie has pur chased the seat or merly bold by S J paul this does not mean that the gen tieman has resigned his position at be daly vi cst or euch is not the case there was a monster cave in at the daly wast this week three large between the twelve and fourteen ban dred bevele coming down and dislodging thousands of tons of dirt fortunately the accident happened between shifts and no one was injured otherwise many lives might have been lost john was abia week let out as foreman 0 the dely west and ed tal bot is now acting in that capacity capa cily at the mine the or each action ass not been given out though ft is that mccurt ed this week between mr and sop enn mccaskell McCae kell mr nimmo ha been with the company a long time and knows the property better than any else in camp more champee may be maje in the near future daly arest 1 US 1 GOO kearns keith ontario grand total 3 08 |