Show I I Mines and Mining Stocks MARYSVALE TO BE BIG MILLING CAMP Produces Some High-Grade High Low-Grade Low Ores but on Depends Its Future Although wo have havo found gO some me phenomenally phenomenally phe phe- high grade picked samples and some shipments have hn been beon made from camp which ran ver very high In carload carload car car- load lots yet et future de depends de- de on tho tim proper handling of it Its low grade ores ore ore declared Jacob V. Yo Young Youn- general manager of the Bull Bully BullyBoy BullyBoy Bo Boy Webster 1 who was at the Cullen Cul- Cul len yesterday L' L L Mr Young Young- said aItt that tile people whom he have havo de decided tic tic- to have the mine thoroughly equipped with nece necessary sarr machinery and amI to put the contemplated mill Into commission as soon as practicable to handle the large amount of low grade rade ores c In sight He estimates that be between between be- be tween tho the lower tunnel and the thc next workings above e the they have from to tons of or ore In sight It will average a 10 In gold goll to the ton Tho ore will be he handled from a concentration tion and standpoint and t at least 30 O 0 per cent of the values alues should be saved aed a ed edIr Young says Ea's he has started leasers to work in the new tunnel which Is being sent Into the tho mountain to got et under tinder the high grade DeWitt vein from which several carloads of rich stuff were shipped last summer The tunnel Is five fifty feet below belo This tunnel still has hag thirty feet teet to go to get Ket directly under the tho old workings s above hut but a few days dars ago some somo rich rock was encountered From tl s the leasers have o already alread tak tal m en n out half a carload which will average erase to tho the ton Tho The rich streak In tho the upper workIngs workings work work- Ings varied in width from a knife blade to several Inches Much of ot this ore went one ounce In gold rold to five lve In silver sil sli- sli- sli ver var but deeper down the gold sold showed ed edIn In greater proportion Picked samples ran as high as a ton One went ounces silver sliver and gold The TIle Theore Theore ore makes in the porphyry the gangue being heing four to eight feet wide the pay pw streak shifting from wall to wall and sometimes appearing in the middle Where the grey Irey ore is Js found specimens running were not unusual Mr 11 Toung Young thinks the gold depositions came originally nall from below but that a secondary sec see odar enrichment Is responsible largely for the va pay streaks GIlES MAKES STRIKE NEAR PARK CITY In Foot Lower Tunnel Breaks Into 20 Per Cent Peacock Copper Samples of ot a calcareous rock showIng showIng show- show Ing Ins peacock copper which will run close to 20 0 per cent In the tho red metal were ere sent down Sun Sunday a night from the Giles Mining Milling company property prop prop- crt ert erty located near Scott Hill between Park Parle City and Cottonwood This strike was made In the now new lower tunnel which Is now In feet teet according to Manager ana er Samuel Bocher This tunnel has been running through a tight conglomerate con con- g the object being to catch at lentIL depth the vein which has made such sucha a a. good showing further up the hill bill The veins vein's continuity nult has been proven b by at least sixteen holes covering coy cov eying ering a a. distance of a mile and three- three quarters These holes vary yary from forty- forty five live feet teet up uj to shallow trenching Some of th the ore found near the surface has given iven up values alues as high as 56 per cent copper 40 In gold and 28 ounces sil sil- sil ver er The Tho vein oln averages between si six sis and ten teh feet Ceet In width all aJl that distance B By driving the now nosy tunnel alon along the tho strike of the thc vein a maximum vertical depth of nearly 1800 feet ma may be he secured This new strike carries ap approximately ap- ap proximately two to twenty-eight twenty ounces sliver silver and should run well in gold ol The property covers extensive acreage next to the tho Daly Judge At AtI AtU U I 1 pre present presenta ent a force Coree of four men Is employed em- em on the tunnel II If I. I L. L Giles Glies president of the campany compan company com cam pan pany was elated yesterday over the good showing which he considers prom- prom Indeed as if this turns out to tobe tobe tobe be the tho main big mineralized fissure which app appears rs to cut through h tho the ground lound from en end to end a distance of over two miles and nd the thc values turn out outto outto outto to mal make c down to this depth It should eventually give that district another mine of no small proportions NOTES AND PERSONALS John McDonald who for several years cars held an Important po position on the Utah Copper staff at Bingham has been placed in charge of the Veteran mine at Ely He Is 18 well well known In Utah ln ha having been connected with the Consolidated Consolidated Consolidated Con Con- Mercur and the tho Commercial mm mine c. c Murray C. C Godbe mana manager er of the Centennial has returned from where he reports work pro- pro grossing at the property There Is a Kr great at deal of ot prospecting going eoln on this fall throughout the camp with chances favorable for some new finds of ot Importance Im Im- un- un being made F. F F. F Leach a Nevada e mining man manfrom manfrom mantrom from the district fifteen miles s north of or the Polar Star property near Wells was In town yesterday on business GUNN DECLARES COPPER SITUATION IMPROVING After having spent some time In the cast east George E. E Gunn returns with the rood good word that the cOli copper per situation is Improving Speaking of ot some of the high grade ores from the Magna Ia na mine I he lie says a shipment of ot several cars of ot ore fire l Iii is at the railroad station Florence twenty miles from the mine This ore will era a average c p pr r cent copper fifty ounces silver r and 4 1 In gold to theton the ton ur UTAH AH COPPER CO ISSUES REPORT Covers Third Quarter of 1911 Making Copper for Cents a Pound Utah Copper stockholders arc aro re receiving receiving re- re tho the following third quarterly report Just Issued b by President C. C M. M and General Manager D. D C. C covering operations during Jul July August and September The entire Magna plant was In commission throughout the period al although although al- al though It was not operated at Its full tulL rated capacity torJul For Au August I and September however howe It handled an average approximating Its normal ca capacity en- en of ot tons a day I IThe The fourth remodeled section of oC the Arthur plant was started d In Jul July and the fifth sectIon section sec see tion In August five sections being op operated continuously during Septem Septem- ber her berThe The total ore trea treated teel at both plan plants ts for the quarter was tons its as with for the tho compared 11 1 tons previous loul quarter Of this tonna tonnage e the Magna Alagna plant handled about eighty eighty- three per cent and tho the Arthur seventeen seventeen seven seen teen per cent The era a average o grade of the ore treated at both plants contaIned contained con con- tamed 10 per cent copper as t compared com corn pared with 1633 per cent for the previous pre pre- quarter The Tho gross ross production of copper for this quarter antI and the preceding two quarters b by months being the tho total amount of ot copper contained In concentrates concentrates concen concen- Is given below as Ls Lq also alRo a comparison of ot the tho production for tor the first t three quarters of 1911 with thelast thelast the tho last three quarters of 1910 Production Figures July 1911 pounds August I 1911 pounds September 1911 pounds lOunds total pounds April 1911 pounds Ma May Ia 1911 pounds pound June 1911 pounds total pounds January 1911 pounds February 1911 pounds March 1911 pounds total pounds Average monthly production for tor torJul Jul July August and September pounds for tor April l May and antI June pounds for or January February and March 03 pounds Total production first three quarters ers of ot 1911 pounds v Total production last three Quarters quarters quarters of ot 1910 pounds Average monthly production first three quarters 1911 pounds Average erase monthly production last three quarters 1910 pounds lounds Co Coat it of 01 Production The avera average e cost per pound of thenet the tho net copper produced durIn during the quarter quarter ter er after making allowances for tor smelter smelter ter er deductions and without crediting miscellaneous Income was wag as cents the he lowest In the history of our operations operations oper oper- as compared with SO cents for forthe forthe the he second quarter of this year The cost for tor the thc month of ot September was 18 cents per pound The financial results of the quarters quarter's ers er's operations are arc as nR follows Net profits from milling operations for or the quarter Additional income from froni rents and miscellaneous sources in Utah 12 Income from irom Nevada Consolidated Copper company I dl dividends ends Total net profit for tho the quarter Dividends paid Net surplus for tor the tho quarter The above earnings are computed on the basis of 12 cents a pound for copier copper copper cop cop- per ier the price actually received for copper during the quarter was however however how how- ever somewhat greater than that and at the end of ot- the tho period ho no no copper due for delivery deliver remained unsold As PlAs previously indicated five five re remodeled remodeled re- re modeled sections of the tho Arthur plant are arc now In operation all the old sections sec sec- ions In ha having been permanently dis dis- mantled The Tho sixth one Is nearl nearly completed corn com and can be put in commission In about thirty days when It is desirable to o do so The two plants as at present present present pres pres- ent operating afford aCCord for the time beIng beIng bo bong be- be Ing ng ample capacity for the economical production of the mine The Arthur plant ilant plant as now in operation Is treating tons a a. da day having maintained this his caP capacity throughout the month of September thus Indica Indicating tins tins- tinsa a capacity of approximately tons a day daJ for tor forthe the he plant when hen the thirteen sections arc are all completed At the time of oC writIng writIng writ writ- Ing ng this report the two plants are arc handling approximately tons a aday t day da- dathe the Magna plant talIn taking eighty per er cent and the tho Arthur plant twenty per er cent of ot this tonnage Of the total ore treated for the tho quarter about twenty four per cent came from the underground mining and I six seventy per cent from the steam shovels Ira Stripping Stripping- The increased rate of stripping re referred re- re erred to In our last quarterly report was vas for reasons then given continued throughout the quarter under discussion discus discus- sion with the result that we remove removed during tho the period cubic yards ards of capping as aM compared with for the second quarter The tiThe Garfield railway was completed read ready for operation In August but our equipment did not begin begin begin be be- gin to arrive arrivo until late in that month and regular operations of ot the railroad did not commence until September 16 On that day a a. regular t twice dally daily all passenger passenger pas pas- service was Inaugurated be between between between be- be tween Salt Lake and Bingham On September Hi 15 the road began transportIng transport- transport log Ing ng ore and doing a general commercial commercial commer commer- cial business Up to the time of writ writ- Jn ng this report only of ot our first order of 1 10 0 ore cars have ha been re received received re- re hut but we are at the present time an and have havo been for tor the past two weeks handling an average of ot tons dally daily with an average crage of cars In service Tho The road Is doln doing a profitable passenger and commercial freight busness bus- bus mess Iness ness and no DO difficulties of an any kind have lave been experienced In Its opera opera- tion In PlIn September an understanding with Hh the Denver Rio Hlo Grande Railroad company was reached whereby our exIsting ex ex- ex- ex biting ore transportation contracts with that com company pan were ere canceled and anda a new agreement substituted which gives g to the railroad company for transportation between our mines and the mills a fixed amount of ot tons per er day ay for the tho remainder of the term of ot the original contracts This leaves the copper com company pan free tree to ship all ores In excess of or tons a day over o the Bingham Garfield railroad and I disposes of at all differences and I of ot controversy between the copper copper cop cop- I per company and the D. D k Tt R. G G. G com corn pan pany LARGE COAL GOAL DEPOSITS FOUND NEAR EMERY The party of or geological surveyors who havo hav been working In Emery all nIl summer have finish finished ell there for COl the these se season They found unmistakable evi evl- deuces dences of oC large larg-e deposits of ot coal In the vicinity of the town of ot Emer Emery says the Eastern Utah Advocate At Rochester nine miles north of ot E. E Emery Eiery er they first found evidence of or coal cent In commercial quantities THe They fol fol- fol- fol lowed lOWI the course cours In Ina a southwesterly direction to li h Ivy Creek six Ix miles south 1 of ot lumery point the they reached tho lie day a y Wit quit work They Thoy worked on a a. strip of or territory five rhe miles In width The coal Is of ot the Manco Mancos formation and Is 18 of excellent quality The party 2 work worl earl early this spring at Mounds and worked tUu southwest h ct It NE NEW YORK DOUBLED r DM m IN PRICE YESTERDAY Trades in Shares in One Day Ohio Day Ohio Copper in the Slough X Kew ew W York nor noro limn thin In 10 prIed price ocr last Saturday hid bids wan Willi va the feature It on the tho yesterday Outside n nf of Rod nod Utile Ohio to Jl 10 X little of oC Interest r-r- r tW 1 York lorl opened nt at IC 4 c 4 c ami aoh close l at 4 ic 4 with n no 1 i sole In the MIrnO MIr after nO noon noI l open hearth lioard Total sold old were lre rul o Colorado was n a little stronger rinee e Con Con- II dropped back baek to The total salt sales were c. c i shares at st t t The official o closing coslo quotations yesterday were a SR DA follows J I Afternoon I II I II Bid I Asked d. BId I Her TonnI 16 1 16 1 2 Ding lo Amol 0 07 H Oi 07 Jack ro 10 10 I 10 Curl J J 4 0 2 0 1 0 04 Central 10 10 Cob Colo S 12 2 9 Col Con m to m pit o 9 ri 33 Crown CroWD Point fH 04 fH 04 11 I CI Daly iro 10 51 iri I Dragon 1 is 35 S Prince Oni F C. C Point cei 00 II 04 F Tin Con o a I. I TIn Dev W Ot OL lj 01 11 l. oi 01 o 7 ri 07 Chain S l U 13 00 U. U I. I O. O Crown S 05 12 05 1 12 Grand Central l. 00 9 f 00 Indian Queen GI 02 03 O C 1 03 OO Iron Blossom 09 2 f 00 I 1 Iron Kin 13 f Jo Bowers 00 Oom 03 00 I. I Cr CC William O 04 It 01 W J hl co 4 01 0 01 Little HUe lIeu Bell n 37 40 10 Dill Bill r 2 O Lower 02 fH 04 13 03 03 Masonic Mt Mason alley allay itO 87 i. i SM May Day Dov 10 10 i m io 11 Mineral Flat Flat Ot 01 0 Mt ft Lake 0 03 02 03 Mammoth 11 Nerada British 40 40 Nevada hills ts 0 G i New York Ot 04 JI 04 01 04 W Ohio Copper l. l 1 Lei Op 20 22 I 22 ro f 10 10 Metals 01 01 I 1 01 4 04 ot 61 01 PrInce Coo SI SG 06 E 85 I 1 06 Idaho CO 0 w C 6 60 I 65 Resell 01 ll 01 oa 01 1 02 03 1 ro Tn Trou b. 04 C i i ot os I. I Eln l. l OO sn cr Shield Ol 01 O 02 01 02 Sioux Con 14 I 15 I IH 15 S. S Iron Bios OO eo j ell Con 05 06 06 6 oG Er CX Sit Kina Klos C Con tn 1 10 I. I Co tra I 01 re 02 02 Ii United Tintic r 01 04 4 Uncle Sam r 1714 27 7 29 Utah Con 03 1 ap cp 11 Union Chief 24 4 4 il 10 0 Victoria Con on 74 is 75 73 3 75 ictor Con CG 05 I I O os I W Western Yank r Con |