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Show truth 12 MINING COMMENT. the Oquirrh Building Stone company, and will work about 500 acres of and white sandstone quarries west and east of this city. The capital stock is divided into 30,000 shares of the par value of 10 cents each, but none of the treasury stock will be sold at less than 25 cents per share. The company has an ample supply of building rock of all kinds and will soon begin placing the same on the market. red-sandsto- The Royal Gold & Copper company, with Hon. A. B. Lewis, whose superior ability as a mine discoverer and promoter has been demonstrated beyond a doubt, as its president, has completed arrangements for one of the most gigantic mining undertakings in the entire west. The company is incorporated under the laws of Colorado, the Incorporators being C. C. Parsons, Harry W. Robinson and William L. Jameson, of Denver; C. J. Caughey, of New York; A. B. Lewis, Frank Knox and Joseph Henshaw, of Salt Lake, and E. F. Freudenthal, of Pioche, Nev. The personnel of the directorate has not yet been completed, but Mr. Lewis will be president and Mr. Henshaw secretary. The possessions of the company comprise a long array of promising prospects and mines that in former days were productive of most excellent values situated in Beaver, Iron and Washington counties, .and aggregate approximately 4,000 acres. To secure this area over $100,000 has been expended and a sum approximating $1,000,000 will be required to complete title in the ne Jl The zinc plant at Park City was completely destroyed by fire Thursreday about noon. It had been but owned by cently completed and was is which Metals company, Utah the The composed of eastern parties. at Is $100,000, mill of the given value which amount was partly covered by insurance. The cause of the lire has not been determined. A number of the officers and shareholders were at the camp when the fire occurred. A change of managers had been determined upon. H. H. Dyer, a Colorado mining engineer, was to have succeeded Alton L. Dickerman as manager. It has been persistently rumored that the success of the much needed enterprise had been hampered considerably by a lack of harmony among the officers of the company. The United States company with the profits from its smelter and Bingham mine has reduced its indebtedness $400,000 since the first of the year. It is expected that, beginning with the first of 1904, the company will begin distributing dividends approaching in value those paid by the The t. Silver King and the of ore in keeping with numerous similar finds e was made the early in the The strike occurred of week. the part level and after beon the 1,400-foing explored to the extent of fifteen feet by six feet, no indications of the companys name. The capitalization ending of the body appeared. is the enormous sum of $10,000,000, diJl Jl vided into shares of $10 each, with The Bingham & New Haven Cop700.000 shares in the treasury. The per & Gold Mining company, with plans embody the erection of immense twenty patented claims near the Highconcentrating plants and a smelter land at Bingham, is driving a in the neighborhood of Milford with tunnel Boy to tap its ore bodies at a depth a capacity of 1,000 tons a day, which of 800 feet and expects to cut the vein in a short time it is said will be within ninety days. The officers for doubled. The work of development the most reside in the east; and will be increased at once all along the with thempart are associated W. S. line and the completion of the smeltand W. M. Bradley of Salt er is planned to occur by the end of Lake. 1904. The properties included in the Jl v The Con. Mercur management has notified its shareholders that the payment of dividends has been temporarily suspended. The reason given for the suspension is that equipment may be installed for treating the ores by a new process, which change will necessarily' entail a loss of time and considerable expense. The ores are said to be becoming more clayey and talcy, making them more difficult to handle. While the values and the size of the bodies are satisfactory, desirable results have not been obtained. The work in the future will be with a process patented by George Moore, which has been tested and shows an excess saving of 50 cents a ton over the former process. Considering that 1.000 tons a day are treated, the aggregate saving will mean much to the It is estimated that shareholders. over 1,500,000 tons of ore have been blocked cut in the companys holdings, and it is to be hoped that the expectations will be realized by the change. The company while continuing dividends for several months has been reducing its surplus, and the price of its shares has been gradually decreasing. .It is a safe supposition that where large capital is invested, competent authority is usually employed to investigate all the conditions, so that the downward course of the shares on the market has not been without cause. Jl Jl B. T. Lloyd, president and treasurer; R. W. Sloan, vice president; - Jl The state of Nevada is enjoying a series of strikes and formations 0f mining incorporations to the extent' of justifying the use of the wurd boom in describing existing conditions. At Tonopah strikes are re- ported daily and in one of them ore has been found that carries values to the extent of $800 to the ton in gold. While at the Sheba mine in Humboldt county, managed by W. H. Child of Salt Lake, and associated with him are numerous other Salt Lakers., exceedingly good results are being oh tained in both the size of the bodies being blocked out and the value of has their contents. Daly-Judg- Oviog Pacific ot Ry. The Union Pacific and Chicago, Milwaukee A Bt. Peal Sleepers, Tourist Railways are now running first-clas- s Sleepers and Free Reclining Chair Cars through to Chicago. For tickets, sleeping car reservations sad further information, apply to jl jl A strike of six feet of ore carrying per cent copper, 12 ounces of sil$2 in gold to the ton has been made on the property of the Victor The body Consolidated at Tiniic. was encountered at the bottom of a winze forty feet below the level. This disclosure is a valuable addition to the mine, which has been shipping a car of ore a day. Extensive development work will be continued indefinitely before the beginning of a dividend paying period, which in time is considered a certainty. 18 urf Gbicijo, iilWMiKee & 5t. PmiI THROUGH LINE ck ver and 400-fo- CLAUDE S, wiT UAPg, F, A. MILLER, ot General Passenger Agent Commercial Agent 106 W. Second South St, SeSt LAs Chicago Jl Jl The trial shipment of zinc ore recently sent by the Horn Silver to Antwerp, Belgium, for treatment, carried values measured by 37 per cent zinc, 14 per cent lead, 7 ounces of silver and 60 cents in gold to the ton, or an aggregate of about $45. Measurements at the mine by competent authority show about $7,000,000 worth of this material, including the tailings and mine dumps. Jl Jl The Mammoth at Tintic is accumulating a car of high grade ore in sacks, some of which carries as much as $600 in gold to the ton. The size of the body of this particular grade is, of course, decidedly limited. Jl Jl rr Qlenwood Springs, Aspen, Leadville, Pueblo, Colorado Springs, Denver, Omaha, Kansas City, St. Louis, Chicago, There are now being organized the Tampa Smelting company, capitalized at $100,000 and the West Mountain Tramway company capitalized at These corporations are both with the Tintic Mining allied closely & Development company, with extensive holdings, both at Tintic and Bingham. The management will be under 50,000. the direction of George H. Robinson, md the basis of the work of the concerns will be the transportation and treating the ores of the Yampa property at Bnigham. and all points east Connecting at Ogden Union Depot with ill Southern Paclflo and Oragon Short Line Trains. The only Transcontinental Lina passing dlrsctly through Silt Lako City. 3 SPLENDIDLY EQUIPPED FAST TRAINS DAILY BETWEEN OGDEN AND DENVER Via Three Separate and Dlitlaet Beetle Bootee. Through Pullman and Ordinary Sleeping Oars to DenW Omaha, Kansas City, St. Louis and Chicago without change-ftereclining chair cars. Personally Conducted Excursions e jl jl Dr. P. A. H. Franklin THE 8CENIO LINE TO : Dining Cars, service a la Carte on all through trains. For ratei, folders, free Illustrated booklets, oto., Inquire of jwr nearest ticket agent, specifying the Rio Grande or sflflr has been a number of eastern invest- en-tertain- ig ors the past week who are interestJohn Green, secretary, Eugene ed in trie properties being developed andMary Green, directors, by him in the sputhm part of the Hodges have organized a company known as state. and Jl An important disclosure Mc-Corni- companys possessions are the Montreal, Atlas, Nellie, Monitor, Rebel, Florence, Beacon, Mountain Sheep, Terius and Highland Boy groups, which have to their credit a production of over $1,000,000 worth of ore and possess an empire of prospects with almost boundless possibilities. President Lewis announces that there are associated with him in the enterprise a class of men of unlimited means and ripe experience in mining and smelting that assures its success. occurrence unfortunate Daly-Wes- thrown about forty men out of route, L A. BENTON, G. Ai P. D . SALT LAKB CfU |