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Image provided by: University of Utah, Marriott Library
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I 8 THE WESTERN WEEKLY J I Mines and Mining I The recent falling off in the price of silver has had a rather dc- H pressing effect upon those mines where the white metal prcdomi- H nates in the product. From all appearances last week silver was on H 'the up grade, hut the market hrokc and reached a rock-hottom fig- H ure hefore it hegan to recover. H A number of the larger properties, such as the Silver King H Coalition mines at Park City, were making preparations to open up H (again to their old-time production, but in the unsettled condition H of the metal market that much desired end has been deferred in- H definitely. H While silver has somewhat declined, copper has developed H "strength and mines where the red metal leads the others arc in a H very flourishing condition as compared with any period since the H .great slump. The tonnage of copper ore produced has advanced H iat a rapid pace, in some instances fully fifty per cent. H The due hopeful sign of the week is the constantly recurring H assurance that the United States Smelter will resume operations H 'in the near future and thus give competition in the purchase and M 'smelting of all ores. H The opening of the Ontario drain tunnel at Park City has had M 'a beneficent effect in local mining circles. Water is fast disappear- M ing from the submerged levels in the group of mines surrounding M Ithc Ontario, and already there is strong talk of resumption of work M iat many of the properties. H The newer mining camps of Nevada in which so much Utah M capital is invested, have given forth excellent reports during the M 'week. This is not wholly confined to the gold producers, but many M of the copper camps arc entering the list of active workers. M Though nothing startling has transpired in the industry during U 'the week it has been a fairly prosperous one. H PARK CITY. M The annual meeting of the Silver King Coalition Mines corn el !pany resulted in the election of the old officials for another year. M i The report of the management showed the company with a fine fl surplus on hand and the mine in excellent physical condition. Owing B 'to the price of silver being below the danger point the mine will m 'not be in the shipping column for some time to come. H The affairs of the Silver King Consolidated have been entangled. M I During the week the receiver has been discharged and the com- tpany is making preparations to begin a strenuous summer carn al Ipaign at the mine. M One of the most sensational episodes in the old camp this Uveek has been the strike in the Wabash. Development has been 1 going on in the No. 3 vein where a body of high grade ore was H i uncovered. Assays give 485.4 ounces silver, 17.8 per cent lead and H 3.85 per cent, copper to the ton. This is the possible beginning of a M (new Park City bonanza. H BINGHAM. 1 The week has been a humming one in the Bingham camp, as M 'compared with those preceding it, and production of ore is incrcas- M ling at a rapid rate. All preparations arc under way for the doubling H 'of the ore output from the Boston Consolidated. At the present M time nearly 100 tons arc being daily extracted, but before thirty H (days have passed there will be a daily output of fully 2,000 tons, H 'taken from the mine. Work is being pushed on the Yampa smelter in the line of in H stalling the new unit to the plant. When it is in place, which H 'will be in the near future, there will be three furnaces at work and B i more than enough ore in sight to keep them employed. M The week has seen the completion of the new Bingham-New H I Haven tram. The tram now runs down the left side of the canyon H 'and is much better fitted for the handling of the ores. The Bullion shaft and Jacob tunnel at the Bullion Liberal mine H are both being pushed, and the Mystic Shrine mine has entered the M lactive list, while the Eddie group, owned bv E. McCarrick is M well under way toward that end. The Phoenix mill has again been put in commission and is H .turning out twenty-five tons daily. The ore is taken from the old H .workings of the mine, which have been allowed to remain idle for H 'some years. Ore as high as 40 per cent lead is being extracted. H From North Bingham comes the cheering news of the rcsump- tion of work on many properties. The Eagle Bird mine in that district has recorded a strike of rich gold ore. Assays show values M of from $100 to $300 per ton. This body was u.uovcrcd in the tun M nel which is being run to develop the mine at depth. The strike M was made 200 feet from the surface. SALT LAKE CITY SODA WATER CO. Manufacturers of the " Celebrated RED SEAL BEVERAGES ALT A CLUB GINGER ALE COUNTRY CLUB ROOT BEER DISTILLED WATER Our Specialties Phones 155 34 W. Third South St. Salt Lake City, Utah i THE ISIS iS:;";;l fT&wyl fcK?&HKrs.-1 HiiB UPS5 HmH ''&:? sfy HUB k jji SLu, w & f He fib i ts & ? "A SALT LAKE'S BEST MOVING PICTURE HOUSE