Goodwin's weekly : a thinking paper for thinking people. [volume], May 06, 1905, Page 13, Image 13

About Goodwin's weekly : a thinking paper for thinking people. [volume] (Salt Lake City, Utah) 1902-1919

Image provided by: University of Utah, Marriott Library

                
OOODWIN-S WEEKLY, 13 K
The Market and the Miners.
On the Mining Exchange the past week has
been a time of mourning for the holders of New
York. While only favorable reports have come
from the Park City property the fickle public has
turned away from its recent favorite and is at
present in a chilly attitude toward all applicants for
its favor. Carisa at one time promised to step
into the niche from which New York had been
cast down, but the buyer was only "teasing," and,
after a spurt to 23 the Tintic charmer slumped
back to 17. New York's decline was still mroe
pronounced. Opening the week at 81 cents it
has dropped gradually to 55. The Park City
talent, which has been priding itself on its ability
1 to pick a winner, is pinching itself and' wonder
ing if it can really be true or is only a bad
dream.
May Day went off a few notches since the last
appearance of this page, but is enjoying a larger
measure of popularity as the end of the week
approaches. Lower Mammoth has some of the
symptoms of inflation, and it would not take a
deal to send it skyward. On a fairly good mar
ket it would have gone up before now, but the
bears are in the ascendancy just now and even
the best offerings are compelled to wait for a
more propitious season.
Ore and bullion settlements afford no explana
j tion of the bearish feeling on the exchange.
With a total of more than two million dollars
of value, not counting the constantly growing
copper output, an increase of $279,600 over the
preceding month, April should have been a time
of merriment for investors. The copper output
for the month, as represented by the matte, with
its additional values in gold and silver, reached
6,140,000 pounds. This is the greatest record
ever made, but there is not the slightest reason
to suppose that the mines and mills will halt.
In fact there is a constant tendency to add to the
capacity of those plants already in the field.
BINGHAM.
The Boston Consolidated has opened a new 30
foot ledge which assays 3 per cnt copper and $4
in gold and silver. The disclosure was made in
a crosscut through the limestone. Last month's
output was 5,500 tons. Production has been sus
pended while three compressor stacks are being
raised. The engineer's maps show 400,000,000
tons of ore to be awaiting extraction. R. F.
Moser is at work on plans for the new concen
trating plant. Pelican Point on Utah lake is
believed to be the site selected for the mill.
The Ohio Copper company has drifted 15 feet
each way from the shaft on tle 400 level, and
finds the values well sustained. The drift on the
300 level has been driven 20 feet, and is well
in Utah Copper company ground. The Ohio
is paid for its deevlopment work with the ore
taken from the dirft. The Mystic Shrine group
of 137 acres has been purchased for $150,000 by
Fred G. Shaffer of Denver, who will incorporate
it with Nevada and Colorado gold properties as
the Intermountain Mining & Industrial associa
tion. The United States company has begun
work on the foundation of its tnill for the con
centration of second-class lead ore which has
accumulated in vast quantities New England
Mining company has opened three veins while
crosscutting its property and will increase the
capacity of its mill to 50 tons. The Petro and
Highland Boy Consolidated have settled the
suit for extraction of ore out of court. The
Petro claimed $50,000 damages. Utah Copper
company plant is handling 800 to 900 tons of ore
daily and getting a ton of concentrates from
every 22 tons of rock. The concentrates for
April weighed in at 1,000 tons. Utah-Apex com
pany has two teams hauling ore from the Par
nell and Annie workings and promises an output
of 50 tons a day before long. At the Yampa
smelter the furnaces are devouring from 450
to 500 tons of ore every 24 hours.
TINTIC.
Carisa has broken into new ore bodies, both in
the shaft at 900 feet and in the south drift on the
700 level. Values in the shaft are from 6.5 to 12.2
per cent copper. Specimens from the drift as
say up to 18 per cent copper. Both veins con
tain silver and gold as by-products. Lower
Mammoth has from 10 to 18 inches of metallic
values in the lime-porphyry contact on the 1,200
foot level. Pay streak runs from 30 to 90 ounces
in silver. A drift from a winze below the 1,400
level has penetrated a new body of second-class
ore for 15 feet. Mammoth mine closed down
last week. Management says it needs dumping
ground now occupied by cabins. Manager Mc
Intyre is on the spot trying to arrange matters
with the householders. One hundred and forty
men have been laid off. Grand Central has its
900 level very close to the Victor's workings,
and when the connection is made the latter will
use the outlet to greatly increase production.
May Day is sinking a winze on a vein of car
bonate ore 8 to 10 feet wide. The ore was un-
K- H. OFFICER Sl GO.
ASSAYERS AND METALLURGISTS
Mill Tests by Concentration. Mill Tests by the Cyanide Process
Mill Tests on Copper Ores by the Nelll Method.
I 60 S. WEST TEMPLE STREET SALT LAKE CITY, UTAH.
United States Smelting Co.
SALT LAKE CITY, UTAH.
Gold, Silver, Load and Copper Oros
Now in the market for all kinds of Gold, Silver, Lead and Copper Ores.
Address all Communications to Salt Lake City, Utah.
Consign all shipments to United States Smelting Co., Bingham Junction, Utah.
covered accidentally while building a track in H
the mine. Tintic shipped 596 cars of ore last H
month. Some of the large producers were Cen- il
tennial-Eureka, 350; Gemini, 42; Mammoth, 41; fll
Eagle & Blue Bell, 36; Bullion-Beck, 30; May H
Day, 22; Grand Central, 19; Uncle Sam, 13, and M
Yankee Consolidated, 10. .H
ALTA. H
The Continental-Alta has been throwing away jH
rock containing wulfenite, or tungsten, a metal fl
in demand for the process of steel manufacture. H
It is worth about $200 a ton. On the discovery M
that the suposed gangue contains from 4 to 6 M
per cent of this metal the company determined M
to make further tests, as it has a half million M
tons of the tungsten-bearing ore. Columbia M
Consolidated statement for last month shows the
production of 454 tons of concentrates worth M
$28.24 a ton, values in crude ore $8.74 a ton, cost M
of operation, $7,000, net balance $5,800 for the jH
month. Two shafts are being put down from M
the tunnel level. One has attained a depth of H
100 feet, the other, a double compartment affair,
is 45 feet. Both holes are productive of ore. M
By adding a battery of slimers to the mill the jH
management expects to be able to handle 150 jH
tons a day without trouble. The Quincy vein fl
is now carrying a pay streak from 1 to 3 feet jH
thick, and surprising values in silver now and B
then sweeten up the returns. At the Albion JH
tunnel ore is coming into the workings that car- jH
ries as much as 15 per cent copper. The St. H
Louis has a consignment of sacked ore ready to
go to the smelter. A second compressor is ar- jH
riving for the Columbus. !H
AMERICAN FORK. H
The Buckley in Rock canyon has shipped its H
first car of ore. Deveolpment work is being jM
pushed on the Whirlwind and the lead is grow- H
ing in size as well as increasing in values. The H
Miller company is now reorganized and going H
after the metals with renewed energy. Judge R. N. H
Baskin is managing director and the principal yM
stockholder. The Tyng lease on the Wyoming H
has been extended -until June, 1906. H
For the Newhouse mill two Hancock jigs have H
been ordered and with their installation it will M
be possible to handle from 1,500 to 2,0P0 tons M
of ore every day. The plant is running smoothly. M
The Mercur mine and mill is making more H
money now than for years past, and dividends are ''M
talked of. tS
At Marysvale the I. X. L. company will put a liH
force of miners to work in the tunnel, which has H
been idle for some time. !JH
I I
I YOU PUT IT "" m
I DOWN IN J il
that our aim is not the most meat for the
least money, but the best at the least cost.
It does not take as much juicy meat to
nourish a person as it does the tough,
dry kind.
If you are particular try the kind of
meat we sell.
Call up Phones 134, 169, or 946. Ind. 134
THE PALACE MEAT MARKET
263 and 264 South Main Street j,
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