The Salt Lake tribune. [volume], December 29, 1907, Page 40, Image 40

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V i
i . A - THE SALT LAKE TRIBUNE, SUNDAY MORNING-, DECEMBER 29, 19U7, " ' - ' 'fjf
II All Operators Waiting j
for Railroad Branch
r Lines to the Mines ;
I A renew of tho j-car of the various
1 mining districts embraced within'1, the
1 radius of tho Deep Crook country is not
( possible except that its com'uI:ition
should bo riven tho apace of an entire
I fepo,cial edition. When tho districts of
I pllj Vnrdcn, Mizpah, Ferbor. White
I Horse. Ferguson, Kinsky, lied Moun-
tain and Aurniin. Ln Nevada, and Clif-
1 ton. Willow Spriug3, Granito Mountain.
! DEEP CREEK HAS GONE RIGHT ON ;
i -. By a A. HENR Y srr .
Spring Crock nnd Pleasant Valley in
Utah, aro considered as a part ami par
I col of the. Doep Creek country, it can
i bo readilv figured how difficult it would
I bo to writo a detailed report when
I either one in tho lisr, named could 1111
' tho space here occupied, ,
Since the completion of tho Northern j
' Nevada railroad, skirting tho western ,
rim of the territory mentioned, and 1
The Time. The Place. The Opportunity Is Now Here j
1 SALT LAME CITY
.1 I is now admitted by all to have the brightest future of any city in the entiro
"West, and will bo the first to go forward by leaps and bounds as soon as
Ii- normal conditions prevail When the New "Year opens, a great improve-
F ment will take place and prosperity will again be over tho land. Tho rarmor I
Y is now rejoicing in tho midst of the greatest prosperity he has ever known.
and others cau be equally prosperous if they ouly think so. Let us all j
think. '
IMPROVE THE OPPORTUNITY. !
S Now is tho befit chanco the people ever had lo buy gilt edgo seen ri ties
$ at very low pricesBuy) now, and koop on buying. Ruy all you can pay for. 1
ty and hold for highest p'ricos. "Don't bay to sell tomorrow or next day. You 1
fct might as well let them aleno or gamble some other way. j
li Buy railroad stocks, industrial slocks oY good mining stock?, especially 1
copper stocks. Copper slocks will eventually have tho greatest advanco of
all stocks. Copper stocks pay greater dividends than any other. j
Tho people cau .bring prosperity any timo they will, "it is all in their j
; own hands. There is plenty of money. More moncv than ever before. j
1 ( Sonic aro already beginning to complain that there will soon bo a flood of I
i , monoy. Wo are willing to "be flooded, lot tho flood come. j
If you think slocks are no good, buy real estato; buy Salt Lake reiil I
estate; buy it of us, then you know you aro safe. There is not a bettor in- j
vestment on earth. Your returns will be larger, maybo not tomorrow, but
1 i soon. You have no right to hide your monoy or keep ir, idle; it wasn't made '
' i v for that. We wish you all a happy and prosperous New Year, and wo will
r I join vou in making'it so. " jj I
j ; HUBBARD INVESTMENT CO- H
j 78 WEST SECOND SOT7J73 STBE3-17T jj
tho Western Pacific railroad on the
north, a most wonderful chaugo in con
ditions has occurred during the past
year, but with the contemplated con
uLriiotidn of branches and spurs, pene
J rating the works and mines, which will
bo put in active opuration during tho
present year, tho additional difference
will bo very much greater. A wonderful
difference between now and a yoar ago
in tho area namod has placed the scores
of mining properties in a condition to
show their values at greater depths
than in any ten years bivfore, and vas a
natural sequence tho porccutngo in val
ues has increased with ovory foot of
depth, whother in shaft, tunnel
or incline. This statement docs not ap
ply lo any particular district, but to
all alike. Of tho districts named, D0II3'
Varden, in Nevada, and Clifton, in
Utah, have taken the load during tho
yoar, with Ferbor, Mizpah and Kinsley
following in their wako.
Dolly Varden.
lu Dolly Vardou district and Dolly
Varden range, the year has shown a
groalor improvement' than either of tho
list enumerated in tho Nevada part of
tho Deep Creek country. Hero not only
assessment, but development work has
progressed with unabated pace from the
moment the eyes of tho old year were
oponod until the dawn of tho now.
Many meritorious strikes have been
made in all of tho four motals gold,
silver, copper and load as monthly
communications to The Tribune have
described, as well as frequent shipments
to tho Salt Lake smelters have oxemplK
fiod. Hero from grounds that were vir
gin five months ago, the M illicit brolh
eds company have oponed up three ad
.joining.groupB lying along the mineral
zone on tho eastern side of tho Dolly
Varden range, from which largo piles
of sacked ore, taken from tho outc-op- I
ping down, show a splondid -"-vnitt or
the vim and energy ovJ:lbttod in tholr I
work and couJids.-o In tho district.
From onr oi' these Rrouir kuoTi Co
tbo 'ooln. tho Gr?aio Woun'-ain Mine
und Development oompany haa bao.
formed, with Frank C. SfnHh, K. W.
yinith and William J. Mcud of Donvor,
and Stiurioy, J. A. Lloyd and Frou
boVotfc ci aalt Lake Ciij as ofJlcora
and dlreators. With this combination oi
Gsperieccad mining mon "'Id'jiuS. tu (
hoinir QivuitM. c.hsi . oontr oat down 1
1 and winter supplies aro being hauled
into camp for tho purpose 01' having
tho development go on regardless of j
the spook of ISM appearing again. All j
property owners who nave devoted their
labor lo tho development of their
; grounds in this range, which includes
j tho Mizpah portion, lying along tho
I northern and northwesCern rim, havo
! been amply paid. Here somo enornioiiB
! ly rich strikes in gold, copper and silver
liavo been roporled. This character of
j oro continucu"southorly about six miles,
until ronching tho Victoria and Mooro
and McAuloy groups, where highor
grades of coppor and 6ilvcr intcrvonc.
Thus, indefinitely, 0110 Ktatomeut aftov
another, giving" flattering assays and
dofinito information regarding each of
a hundred lino claims and groups, could
bo given.
Mizpah District.
This district is situated four and a
half miles from Mizpah siding .011 the
Nevada Northern railroad, and fifty
milos from Cobro on the .Southern Pa- j
citlc. Tl is a continuation of tho Dolly ,
Varden district. This mineral belt is
about ton miles long by three miles in
width and is the beat m'moralis:cd zone
in this part of Nevada. Tho formations
and ores nre similar lo thoso of Butte,
Mont., there being immense fissures in
tho granito from ton to fifty feel in
width, and in places much greater.
These aro traceable for from 3000 lo
G000 foot in length. Here tho principal
values aro gold, silver and copper. Tho
ore chutes occur along the contact of
porphyry dykes in the granito and in
tho majority of cases will pay to work
for their gold and silver contents alone,
iudepoudout of copn" ",iio original dis
coveries hero rf naJo v liannigan
Sc Brad" L. ". jrr 3 - iplumbor of
ic; r:.:co vrhkii Moo i-mnenso ernp
pjGffe 3? rich fno c ''d, silver and cop
per t'"" hftVr- '-'(. 'trfd in differ
fit -n- ,.t. -. u the Cop
- jt.',i clelr.. 1 -'aunigan &
Brad: ero"T a sbrt l''-'-. " :.urik upon
and aim; tho hutigir'C; "i-'t ' a forty--uOo
JodRt ;.n trhJ ) ." ;.::!ing ore
srcjis from t'5 tu -J r . . in gold.
On tho BUe iso. f. s tbt '.hirty
ihreo Toot with thirly tbree ?crtt of
drifting, all in e1 vrrz.i.n. iiom t
tn o -sro ru., jQuyjt. from wt'lab will
.m 36 pw oent ooppuT, $12 in gold and
ioTjrtacxi oat 5p rllvnr. On Lao ,lnm-
Igenerajl view m srEsrwow. mmtJivrntm wl&mt
; Roajter House Reverberatorles Power Houoo Machine Shops Wnretiouw Offtco Bultdfng Ccncerrtrtrtor Ore Line Trestle
' OCTOBER 1, 1907. OWNED JOINTLY BY NEVADA CONSOLIDATED AND CUMBERLAND-ELY MINING COMPANIES,
If. . THE CUMBERLAND-ELY MINE
ft Boarding House and Cottages of Miners at Veteran Mine 0 Cumberland-Ely Copper
HHJI' Company, October 1, 19C7.
v witnout a rival, except its neighbor,
tho Nevada Consolidated, the Cumber-
W y land-Ely Mining companj' has been
WjL '." Btendily developing its magnificent es-
H tato during the past yoar, with the
H. ' most gratifying results to its stock-
iHHHJ holders.
I Millions of tons of ore have been
4 Hocked out, and no one yet knows how
jl much treasure is hidden in tho coni-
pany'a territory. Upon completion of
the Stoptoo 6melter. which tho Cumber-
y Jond-Ely owhb jointly with tho Nevada
M Consolidated, the company is prepared
fp to furnlBh 5000 tons of oro daily, and
fcrf this output can be doubled if neccs-
N Eccles at tho Helm.
"With S. W. Ecclos at the head of tho
fci company, which controls the famous
K mine, its fullest development under Van
I most scientific methodB and economical
I basiB is assured,
i Tho Cumberland-Ely Coppor company
ft controls 1000 acres in the very heart
of tho rich copper bolt of the Ely dis
trict, and tho copper claims aro said to
1 V be among tho very best in the world,
f The officers are:
President, 8, W. Eccles; vice irosi-
I dent, W. B. Thompson; secretary, Q. M.
j, Bordonj treasurer, Henry Shur. These
y men, with the folloving, form the board
of dircctors:v
fe- F. W. Tlills, Pope Yeatman, George E.
y Gunn. Their names are so well known
I ' in the higher circles of mining that
lC stability was assured for the company
' when tnd mining world learned of the
incorporation and purchase of thoso
j great copper claims.
. Its Wonderful Hesources.
I Tho company is incorporated under
I the laws of Maine and is capitalized
for 1,300,000 shares at $5 a Bharc. Tho
I f property of tho Cumberland-Ely com-
j 1 pany is ono of tho most highly devol-
I ' oped mines in the district.
J l It is said that already there has been
' ( disclosod at least $25,000,000 worth of
copper oro in the property and a large
, yi amount of tho company wide terri-
- oy haa been left for future prospeet-
! fu discusBions of the future possibili-
' ties of tho district around Ely tho con-
j ; versation of mining mon usually turns
i to the Cumberland-Ely's wonderful mine
, because within its vast trcasuro storo-
y bouses tho richest deposition of copper
HHHHK
tnat region has produced has been
found.
Tho Veteran tunnel opened these
storehouses so the rich ores could be
reached, and the more direct refer
ences to this property are quite fre
quently made by citing tho sulphides of
immensely high grnde ores yielded by
this development nnd operating propo
sition, which is one of tho most impor
tant in the camp.
Oro Values Very High.
Veteran tunnel ore is of higher value
than any other to bo found in tho bo
nau7A Ely ore zones. Lts development
into tho chief producing adjunct of tho
Cumberland-Ely company has been ono
of the principal events of the past year 1
almost as important, in fact, as was .
the building of the Nevadu Northern
railrond in some respects.
Tho rapid growth of this claim from a
prospect' to a big producer of the rich
est ore made it vorv conspicuous and
attracted tho eyc3 of the raining world
lo it.
The ores are different in appcaranco
and quality from any others found in
the district, and therefore aro regarded
as having boon the hardest to find. Ex
perience gained in working other new
mines of Nevada did little good in com
mencing the development of this pros
pect. The ore from this property is in ap
pearance a black mass, impregnated
with iron. It crumbles in one's hand
and then are exposed tho peacock col
ors characteristic of the copper-bearing
ores of Butte, Montana, jni'aes. Tt is
a smelting oro and so rich that it does
not require concentration, Throughout
tho average is about 5 por cent in tho
rod metal. Thero aro available vast
bodies of this ore which affords facili
ties for mining very cheaply.
The Cumberland-Ely is ,ioinfc owner
with the Nevada Consolidated in the
Steptoe smelter and Nevada Northern
railroad, two assets that are very valu
ablo and assols that aro scheduled to
increase in value very materially.
The property is capitalized for 1,
300,000 shares of a par value of $0.
per share. The stock has been very
much in demand -and has in many in
stances brought faucy figures. The
treasury of the company is in a vory
healthy condition, recent statements
snowing between $900,000 nnd $1,000,
000 on hand available for the further
development of tho company's holdings.
THE NEVADA CONSOLIDATED MINE AT ELY
t I I'lf-
Stesl Qallowo Frame and Ore Bin, Star Pointer Mine of the Nevada Consolidated,
November 1.
Tf there should be any doubt in tho
minds of tho public as to tho greatness
of the Nevada Consolidated mines at
Ely, a glance at some of tho figures bo
low should at onco removo them. Tho
valuable estate of the Nevada Con., in
tho opinion of well-poslcd mining men,
is destined lo mako Ely tho greatest
copper camp in tbo world.
Tho holdings of tho company com
prise some 700 acres of extrcmoly valu
able copper property, divided into two
groups, the Ituth and Eureka, or Cop
por Plat groups. Somo timo ngo "Walter
Jl, Ingnlls, editor of the Engineering
and Mining Journal, made a visit to tho
camp of Ely for the purposo of secur
ing data regarding the great mines of
that camp. .Tlis estimate rogarding tho
Nevada Consolidated resources illus
trates, cvon if underestimated, how
great a future this company has in
store for its properties. Tho company
is capitalized at 100,000 Bliajcs o'i
stock.
Mr. Ingalls figures that the company
haa a present available tonnage blocked
put of 10.000,000 tons, tho Bamo aveiag
ing abouc 2 por cent coppor to tho ton.
Tho company vrill handlo about 8000
tons per day, or about ljOOOOO .ton e
yoar, and will produco 39,817,200 pounds
of refined copper. Now figuring copper
at 14 cents a pound, ana allowing 8
cents a pound for all tho expenses in
cident to mining and smelting, tho an
nual net earnings of this Ely companv
will bo $2,389,000, which will bo cqua'l
to $1.85 per share a vear, or 18.5 per
cent on tho stock at "$10.
On the ?.bovo tounago tho lifo of tho
mjno would be ten ycar5, and would
yield to stockholders $18,50 per share.
Evory advance of coppor 1 cent a share
would add $389,000 to tho annual net
earnings, equal to 30 cents por sharo.
This does not include other sources of
rovonuo to thiB oompany from the oper
ation of tho Nevada Northern railroad
lino and tho Steptoe smelter. Tt is en
titled to one-half of the net earnings of
those two companies, and which will bo
quito an important itom with both in
complete operation. Nor does it include
any ores but what aro now actually in
sight.
The Novada Con. holdings. in tho Step
too Bmeltor is 50 per cent of tho stock,
tho other 50 por cent being owned by
tb,o Cumborland-Ely Mining company.
Hora tho grcatost work of tne yoar has
been the pushing towards completion of
tho great emolter of tho Stoptoe Min
ing Smelting company, which is be
ing erected fourteen miles from tho
town on tho company's estato of soma
6000 acres. Hero nearly 2000 men have
been employed all summer and fall.
bo nine foot of a thirty foot ledge, snin
pled by mining cngineors, gave averages
from $17 to $3.r gold, silver and cop
per. Other assays from this group go
as high as 53 per cent copper and $150
in gold. Fisher & Co., 011 tlic north end
of the district, havo immense deposits of
low grade oro that can be profitably
worked 'by the cyaniding and chlorina
tion process The Copper Kiug com
pany, of which Charles Young is super
intendent, has sixty-llvo Ions of oro
upon tho dump of excellent copper oro
now ready for uhinmeut. This com
pany is now making preparation to
drive a -100-foot, tunnel, which will tap
their main ledge at a depth of 1100 feet.
Shetler & Darlington, on the Novada
Northern group, are putting in a gaso
line hoist, to push development work
during the balance of tho winter. The
Contact group, Mizpah Gold aud Cop
per company, nnd many othors who de
serve credit fou their year's work,
would be enumerated if apneo permit
tod, w
Currie, a new town created by the
completion of the Northern Novada
railroad, is the shipping point for over
two-thirds of tho districts hero named.
From here is where all mining supplies
are received and distributed. From
hero is whern passengers and mining
men radiate to all camps north, east
and southwest. As nu index to tho
value of Currie to the Deep Crock coun
try the following statement of carload
lots of goods and supplies will speak
for itself. During the past four months
twenty-nine carloads of ore. wool and
stock havo been shipped from this
point, as against sixty-five carloads of
hay, grain and merchandise roceived
anil distributed under the management
of Charles D. Sill, agent for tho Nevada
Northern railroad. This is equivalent
to .'5200 tonB. Mr. K. B. Sloom is now
shipping to tho American smelter forty
tons of oro por weok under n contract
of four months continuation.
Clifton District.
Clifton district, on tho Utah side, has
been greatly bettered since a year ago.
Tho hundreds of meritorious claims that
have been worked with a view of reveal
ing their values, as soon as tho prom
ised railroad colinoetion from tho West
ern Pacific could reach a pnying ship
ping point, havo lost nothing from tho
Work hero will undoubtedly bo com
pleted oarly in the coming "year. The
totnl proposed cost of this plant, has
been stated approximately at in tho vi
cinity of $10,000,000. Custom ores will
bo handled from all tho mines and con
nection has already boon established
with tho railroad and the town of Ely.
When entirely completed, it is expected
that tho plant will bo able to handle
and treat 20,000 tons of oro daily. This
will m.uko it the greatest plant of the
kind in tho world.
At tho annual meeting of tho com
pan3f, recently held in Portland, Me.,
tho annual reports of tho presidout, con
sulting engineer and comptroller were
read. Perhaps the most interesting por
tion of tho reports is that part, that
treats of the financial side of the com
pany. m ripped of all their complicated ar
rangement, tho flguros securod are con
sidered vory grntifying to stockholders.
They allow, in tho first placo, that tho
company has disposed of 1,100,000
shares of stock, bringing in tho sum of
$0,461,503.50, or $5.S7 per sharo. This
is abovo par, it will bo seen. Tho com-
Fany has roceived intcrost on balances
ho sum of $43.80G.9G, bringing tho to
tal amount of resources to $G,505,310.-1G.
For tho properties within the linos of
this company at Ely. and for develop
mciit of tho same to their present high
standard, the Novada Consolidated com
pany has expended tho Bum of $3,SS0,
241.95. For its share of the expenses in
cident to the construction of the con
centrating plant nnd smelter at McGills,
tho company has expended $2,050,000,
making tho total expenditures $5,930.
241.95. Thero was in cash on hand at
the close of the last fiscal year tho sum
of $714,193.2S. against which stood
vouchers for $139,124.77, leaving a sur
plus in cash on hand of $575,008.51.
There also is included in tho rosourcos
the remaining 200,000 shares of capital
stock, valued at $1,000,000, in the hands
of trustees for the conversion of a like
amount of the Nevada Bailroad com
pany's bonds.
The roport of Popo Yeatman, the con
sulting engincor, is of special interest
nnd very gratifying. As to oro reserves
ho says:
"The oro bodios in tho Eureka and
tho Ruth groupH havo boen dovelopcd,
and show ore blockod out by shafts,
levels, raises and drill holes, aggregat
ing 14,432,902 tons, with an average
content of forty pounds of coppor per
ton, and somo gold nnd silver, for
which an extraction, of 15 conts per ton
of ore is allowed." ;
Speaking of the possibilities of tho
properties, ho says:
''Outaido of tho dovoloned oro bodies
there aro groat possibilities. These are
indicated: First, by tho typical por
phyry croppings; second, by under
ground workings, which have not yet.
been carried out beyond the limits of
tho oro; third, by dovolopmont by
means of drill holes, which havo pene
tratod ore bodies. The most important
of theso possibilities aro:
V(a) A new oro body in tho Bath
section, very promising becauso of the
fact that the crosscuts of tho Ruth are
still in payable ore.
"(b) "A largo mass of copper-bearing
porphyry, a portion of which has
bocn prospected by drill holes, showing
oro avoraging about 2 per cent.
"(c) Tho extensions of the Eureka,
where borings with the diamond drill
havo disclosed considerable bodies of
good oro, and probably tho most impor
tant of these possibilities, nn oro body,
lying adjacent" to the main Eureka oro
body and opened up by drill holos,
which shows a thickness of oro averag
ing 142 feet, a possible length of 2200
feet, and an averago assay valuo of
2.42 por cent coppor,"
Another extremely valuable asset of
the company is tho Nevada Northern
railway, of which it ia .joint owner with
tho Cumberland-Ely company. This
road connectB with tho Southern Pacific
at Cobro and is 150 miles long.
Though Ely is actuallv twenty-one
years old, its period of existence- really
bogan with the building of tho Nevada
Northern railroad, which was completed
in October, 1906. Since thon hor ad
vance has been rapid. Its building was
long ago justified. Tt is the connect
ing link botween tho smelter, mines.
Ely and Ely City. '
It is understood from a rcliablo and
trustworthy source that tho concentrat
or will bo ready to handlo about 500
tons of ore daily, beginning April 1,
and thiB will bo inoreasod as fast as
circumstances will permit.
Konnedy'B Laxative Cough Syrup
caueeB a free yet .guntle action of the
bowolB, through which the cold is forced
out of tho B3-stcm. Children like it.
Contains no opiates nor narcotics. Sold
by Anstee-Brico Drug comDany, 44
Sonth Main.
I development made during tho present
vear except a temporary disappointment
occasioned by the slump in copper. Tho
early months of the year, whon tho
1 Cold Hill part of the district was work
' ing a good forco of mon, all prope,rt3'
owners alike wore elated, causing one
1 to vio with tho other in showing to tho
outside world that tho long promised
revelation, as to what would be un
earthed, was about to be revoaled, when,
just then, tho slump, or downfall . of
'copper, caused a halt, all along tho line.
! All prospectors and property owners
' have boon in camp over since, but not
! idle. Among tho most notablo discoveries
is that of tho E. F. Woodman com
pany of Boston. This company owns n
group of thirteen claims, located in the
center of tho district. It is a part of
tho holdings of Colonel Woodman, so
favorablv known all over Utah and
also in "Chicago, whero hifl( last dayH
woro passed away. From this group of
claims most wonderful results havo boen
' shown in both gold and coppor. As
savB running in many thousands of
dollars to the ton have been reported j
I in recent issues of Tho Tribune, an
enumeration of which, while soeming j
fabulous, would be also true. Adjacent
jYarapa Mines
! mi Smelter
Two of Bingham s biggest institu
tions aro the Tintic Mining & Develop
ment company and tho Yampa Smelt
ing company. "While they arc operated
.as separato concerns, they aro really
j one, their interests being in common.
; Tho Yampa mine is situated in Carr
I Creek ennyon and tho smelter, whero
the oros arc treated, is situated in the
main Bingham canyon, 11 milo below
tho Rio Grando depot.
When Genural Manager C. W. Sax
man came to tho I'ampa in Februnry
last, he at once eel, about making im
provements in both mine and mill and
tho capacity of the smeller has been in
creased from 450 lo 750 tons daily under
his direction.
While important improvements have
been mado at the smeltor, they have
not. been more than those made at tho
mine. Thero an electric haulago system
has been installed and a big twent
dnll compressor is about to take tho
place of tho five and seven-drill ma
chines now in use. The building of
tho 12,000-foot tramway has effectually
settled for nil' time tho matter of ore
transportation between the mine and
smelter. Besides overcoming some of
the metallurgical defects in tho smelter
thero has boon added a now roasting
plant, a rovorbcratory, somo now dust
chnmbers nnd stacks and other contriv
ancsc to reduco tho costs of onoration.
Company's Holdings.
j The company's estato comprises soma
ISO acres near tho head of Carr Fork,
adjoining the Utah Consolidated on tho
north and tho Boston - Consolidated
property on tho west. Tho mino con
tains man3' miles of workings and is
one of tho bost dovoloped and operated
properties in the camp of Bingham.
Two tunnelB and a shaft constitute
the main workings. The shaft has been
cut down 1700 feet in the ledgo from
the surface and besides tho two tun
nels, seven different levels have been
run for greater or less distances in tho
oro bodies, which vary in thickness
from tou feet near tho surface to ono
hundred feet thick on the 1700-foot
level.
Tonnage.
Two years ago there were over 3,000,
000 tons of oro blockod out in this
mine. Careful sampling determined this
would average 3 por cent copper. $1.50'
in gold and two ounces in silvor por ton.
Sinco then about 300,000 tons of oro
have been mined and treated in tho
Ynmpa smelter.
Most of this ore was taken out in
development work nnd the statement
comes from a reliable source that the
reserves are now much larger than ever
before.
On the 1700-foot level tho ore body
was driven through on tho strike of the
vein for more than 800 foot. Tt is now
probably open for 1000 feet or moro. In
places oh this lovel it is 100 feet thick
and the conditions aro such that there
is no room to doubt .tho oro continues
to a great depth and that it improves
in quality as it goes down. The oro of
this mino all carrieB a heavy percentage
of iron and Bomo lime is also fonnd in
the ganguc, making it a most ideal
smelting proposition.
Section Made up of Utah ! :
and Nevada Camps is f '
a "Wonder. I
i
groups of claims, ouch as ih r J
Pole Star, Star Winn i Jjncy L I
Ollio V-oung groupH ffi G?SB?riK '
nnd a host of others, show SW0'1 A P
in tho lour metals Rh vlue
-elf iMsrSS; "Ives it. '
dins of tcrritorv anvwherC ,nVlM
that can equal'tho d?BtricU1lmp0Iri?a
tho four "ictalsKold siiLr me(1 ,n
and lead-considered as a
Not a. s.nglo condition in count rbolV
ib found wanting. Thoir rnnfe rock
perfect; tho several ranges ar"
lama . have tho same gone?al t?LR?' 1
granite, quamte, porphvrv d:,
quartz and lower SlnriJk rnV,alc-
about equally divided f rom n & I
to tho other. MUnnTmVili1
and Aro rock are found V11-
occasional necessitv for 7M t.""
whore, travel froin one ranT t10' ' i
other is made. Re to a- I
UTAH COPPER CO. 1,
! oA I :
one questions. The Zlh$ S g-SS
by thoso in control of ihii n 1
have boon .termed by ozpor is as
lution in mining, but the SS rvclouall!"
cess of tho company has it i
made the revolution n Tvolution
Eighteen ClciniB in All.
There aro eigjitoon claims in' , ill i, j'
longing to the Utah Copper coL" L ;
Bingham canyon, extending alone goih 1
sides. The urea of the claims i oni f
acres, with about H00 acrca in min t
and smelter mica. The land was pU I
chased from the Do La Mar-WnH iff i
ine and Milling con.panf and f. 0or' 1
mation permits of tunneling at gS
r'!?i!V,nflcr"roun1 wrkinCR 0f the
Ltah Copper company are -aid to iC i
most perfect of tl10 kind in the coun- i
try. iMgh teen miles of tunnels an"l f
streets and avenues and alleys CS- 1
KrVfP. "I""."'"? "ndorground oil?. ' 1
For a city it is insofar as construe !
tion is concerned. "uc ;
. Thirteen tunnols enter tho mine al
nght angles to the gulch. C,J
the avenues. Mile after mile other :
avenues are crossed at rHit anXV M
wii h intervals of 150 feet. open' !
ings are roctangu ar and of uninnal
wfdth. Parnllcrto tl.o tunnel, or "S
niies are drifts or alleys. From tho '1
towest depth to the top these streets
rise tier upon tier, each tunnel and drift 1
named after streets in Salt Lake City, I
and each almoBl. as well kept ' 1
Forly nerea of tho 200 are highly do- I
velopcd. Several of these acres are 1
workod by the open cut method, othor 1
by steam shovel. Much diamond drilb J
ing has been done from Iho main tun- ;1
mil to depths of -400 and 500 fet, M
showing a contiuuanco of the ore body M
to thoso levels. m
An authority estimates that there rm
availablo in the Utah Copper property
09,000,000 tons of J.S per cent coppor 11
oro, or 100,000,000 tons of 1.5 por emit If
oro. In doing development work in this l
great property, 350,000 tons of ore wer? i
extracted, whoso averago valuo Tvai - " fi!
1.9S2 per cent copper por ton. The Oug- If
genhenn sampling showed 2,03 per cent ' hi
coppor as tho average. Tho two mills if
of this company ono at Garfiold, the t
other at. Bingham will trent annually ( -2.500,000
tons of ore, and will produce
58,300,000 pounds of coppor a jear. i
Figuring copper at J-l conts a pound, ft
and allowing 8 cents a pound for all f
expenses incident to mining and treat-
ment, the annual net earnings of this ;
company will bo $3,500,000. which is ?
oqual to $5.30 per share on the G60.000
shares, or 2G.o per cent on $20 per I
share. , ,
Every advanco of coppor of lc per j
pound would mean to the Utah Copper 4
company nearly $600,000 additional an- jj
nually in net earnings, or about $1 per r
Bharo.
Garfield Mill Most Complota.
What is considered one of tho most "JL '
' complete mills in the United Slatea is
located on JJLnh Copper property in
Bingham canyon. As the work anil the j;
production of the mino increased, the
capacity of the mill was gradualby in-
creased from J000 tons a day to 6000
tons daily. Tho original cost of the a
plant was $300,000. Since then hmi-
drods of thousands of dollars havo boon ;
expended upon it. Ono thousand acres '-
of laud are used in connection with tho i
mill. ;
The Utah Coppor company was or- 3
ganized A.pril 30, 190-1, under tho laws i
of New Jersey. Inside of thrco years ;
tho stock, with a par value of $10, hna
risen in value until it ranks with the . ,
highest in Utah. With tho 70,000,000 A
pounds of ore, which it is estimated
will bo produced no.it yoar, and whicn T
at the current price will bring alraoBt ,
$18,000,000, the stock, it is safe to say,
will go yet higher. .
Lenox Mining Co- jl-
I Massosoit Mining Co. 1
j Eddie Mining Co.
I Mines Located at SI
I Bingham Canyon, Utah I I
1 E. McOARBICK, President,
A. H. PAGE, Secretary and Trea"rer. j
I STEPTOE HOTEL, Ely City, Nevada I
The Only Strictly Frst-ClaB3 Hotel In Eastern Nevada, .J
I The Cafe is the handsomest and tho bost conducted in tho State tj 'A
1 , FRANCIS KLEIN, , '1 '
-njnrrmTr 111 1T1V11 inTim i S m'm iTmi iiiij' u mm immmim0"'!' iTinTii n '