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Show LIBRARY UKIV'SETY jt v ebl cU T? WESTERN MINERAL SURVEY II Wirtm MIMa - -- n 'ding mnlfuii M aawa. n Published Every Friday - r Features VOL. NO. 9. NO. 12. Oila Western Mineral Survey Mines, Shale ; Future of Red Metal Never Better Large scale development of an acreage lying in the heart of the Spruce Mountain Mining district is assured by a deal for tne purchase of stock control, by the Big Missouri com- pany and associates, of the Missouri Monarch Mines com- pany and the Black Forest Mining and Smelting company.; Thia announcement was made yesterday by Duncan Mac-- j The Big Missouri Viciiie, Salt Lake consulting engineer. Mining company, the chief figure in the deal, is operating a property adjoining the famous Premier mine in the Tort land sake region, north of Stewart, British Columbia. It successful in opening up eut-of- Many KurveyJ Made. Culmination of the deal comes after many months investigation of by Hprure Mountain possibilities Mr. MacVIchle and other engineers and geologists. Although the Big Missouri M.nea group has been acmiles south tive In the district, of Tober on the Western Pacific, Elko county, Nevaaa, yeeterdaye announcement was the first made it regarding operation plana. . . embracing 1.04 Screak Missouri Mining company and development of the property simultaneously at two strategic points should yield valuable data concerning a formation that haa had a large output from shallow development Production of the Hpruce Monarch unit total 750,000 and that of the Black Forest, I113,nnn. Bines operations wars begun, the property haa responded in a moat gralfylng manner, according to Mr. Ill the Black Forest MaeYlohie. mine, he reports a continuous ore been exposed for 400 feet ody has with a width ranging from thre to 1 S feet. Shipments made Just from development work are netting the company from $33 to 10 a ton after smelter and railroad deductions Large Acreage llcld. The Big Missouri, through ita ownership of the Hpruce Monarch hold two will and Black Forest miles along the strike of the major fissure systems with the Black For-eat Ilia cast end if the belt end the Hpruce Monarch at the south west end. In the Black Forest, operations will be conducted In the upprr tunnel. which will be driven In the formation to crosscut the eaat-wcmineral bearing flxnirea. A shaft will be sunk on tha Empire claim at an elevation ot 19(0 feet, about 400 feet higher than the portal of , the tunnel At the Hpruce Monarch, the surface plant of the mine haa been rehabilitated- buildings repaired and machinery put in shape. Underground workaince the first of the year has struck two ore bodice, said Mr. MacVIchle. and exposed a at at considerable tonnage that will pay to ship, when a railroad la built In- -' to the district. Kinking Shaft. At the preaent time the company la sinking a ahaft in the main tunnel or 400 level workings, which has reached a depth ot 120 feel. Should tile ore be proved persistent !,g!he 100 level, the coinpuny pill immediately atari driving a lower On the main tunnel level, the company is driving a crosscut t. explore the Thelma vein at a ver tlcat depth of 00 feet below the surface and the West Fault at a depth of 1100 feet. Ore shows on tho surface in the Thelma and in tha Black Forest near or in the west fissure oro haa been milted from tha west fault. On the aur fact at the top of tho ridge. Indications are very strung, aald Mr. MacVIchle, in the Feat fauH, but work started in the fall waa uncon elusive since severe winter weather Hut a scop to operations in thia xaae at an elevation of 10,000 feet. . E. Uerdner, formerly at the Highland Boy mine at Bingham and in charge of Iron mining operations In New Jersey. Is In charge. 1 S Silver King Mine Directors .Vote To Pay Dividend , - The Silver King Coalition Mines company, will pay a dividend of twenty-fiv- e cents payable April 1 to stock of record of March 20. Disbursement of this dividend amounting to $05,116.75 will increase the grand total of disbursements made bv the properties of the company to 131.171, 254.25. This la the eerond regular quarterly dividend paid by levels. a share "Last week, two Important On the 500 strikes south, a face of ore 10 by 13 feet nan exposed, the same ore 44 level. Samples assayed pert cent xinc, 30 per cent lead. engineering projects ever ounces of silver and $3.50 in gold. I attempted In history and under "On tho 200. a good siied stops ; whose direction was perfected has been discovered. Already over! mining method that serves the the company during the cur10 carloads of ore have been ex- - world as an example of low coat rent year. Officers were reI operations. In some mysterious posed." elected; They ace: David new On way, he has cheated the fates. Tot a carload of Saturday, Keith, president; M. J. Dulliy. mine cars, completing ths equip- j day. In the prime of life, he la 6 general manager: Thomas K. ment for underground operations,; He standi at the Kearns, rice president; IV. should arrive at tho Frisco prop- - top of his profession. - He is uni Mont Ferry, vice president erty, Mr. Klppa added. versally recognised as one of the and managing director; H. B. Reopening or the Horn Hllver. world's great engineers, becau Lambkin, secretary, and end a continuance of operations at ths Jeckllng porphyry enterprises .James lvers, treasurer. tha Moscow, the Frisco Hllver have done more than any .other Lead, the Plumbic, the Croff and single development in mining to other properties assure Beaver Increase ths use of copper, and county mines the most active sum- guarantes Industry against anymer in years. Proving of ore at shortage of thia metal so India. iltBvialnUiIiis Morn. Bllv.tr MdlfamMe UMnr.te''4uitd-'Ji- : new Moscow, of the j acquisition Bellowed. geologic data concerning faulting problems, and the Increased price What are hie reactions to Ike of lead should result In bringing project he rreated? How much I forth in Utahs oldest ramp de- did he envision of tha test e velopments of real moment to the ha moulded? Thia tram of dates mining industry. thought unfolded In the writer' mind aa ha interviewed Colonel Jackling In hla luxurioua office. A vase of rplcy carnation flood rn Ore has been opened up by the ' ths Urge mahogany table. It was Howell Mining company In its late afternoon and the shadows leased ground In Big Cottonwood stained the rich wainscoting and canyon for a distance of 140 to 15U fret, according to Manager' paneling of the room a dull brown. It la nelil (hat the great are never T. L. Walden. After following the In a hurry Colonel Jackling waa ore southwest in a drift from a not. He seemed to hare nothing raise for 100 feet, tho company on hie mind and little else to do started from the Tar Baby tunnel but talk in smooth, leisurely min-nlevel and has drifted 20 feet on past oncoming events ofoutthe eight to ten Inches of high grade a :l,id He puffed rock in Tar Baby ground to the ecale operations are plan-re- d and future. smoke Large and allowed his northeast. While no assays have fur the coming rummer by the of eigaret been taken, this ore in appear- Amalgamated Gold Mining com- massive frame to relax, while he ance, according to Mr. Walden. Is pany. shares of which have been fixed his eye on a point in space. richer than that to the vuutli. admitted to listing on tho Hall Lake "Did I foresee all of Utah Copwhich carried values of 42 per vent Block and Mini g Exchange. per's vast possibilities? f Idid nut. could lead, 940 ounces of silver to the Development Is under way at although I thought I did. ton, 4 S per cent copper and 1.20 several of the company's holdings, not, dose as I wan to the protto Harold E. we. In gold. rculd Goodenow, ect. No cnc could, llow aecoiding The company has started cross- president of the company, who waa Nothing like It had ever been conHalt Lake this wreck. ceived before. Wa had no yardcutting to the east to strike the in Investments of the company stick. I believe that I can ninka north-sout- h Cardiff overthrust In have diversified to order beer, the same statement todae concerncontact, tha give stockholders the greatest ing the future of Utah Copper. Aa gone of extensive deposition In the measure widof and the protection Alta Cottonwoods district. well as I know Its possibilities mol opportunity for return, said I When the contact ta struck, the est 5lr. Goodenow, who emphasised optimistic aa I am of its future. Howell company will drift south the fact Is in believe I aaa only a part of its that the company Into its own pround. and prospect the field to make dividend payers potentiality. With copper it ita all the Important fissure Intersecpresent levcL what waa waste six of Its properties by tions. months or a year ago. is today comcinservallve development. Were the roada In condition for The company has sevorul gold mercial ore. Years have been :"H-e- d to the Ilfs of tha enterprise rml hauling, said Mr. Walden, shipping placer tracts in Josephine cuumy. could be started but this must be Oregon. Two "giants" arc ita reserves increased. Although Inis on one of tho proper- are pUnnlng at present no immedelayed until the spring thaw ties. said Mr. Goodenow, who add- diate Improvements and changea been completed. ed that from this operation alone after completing the electrification the company expects to net of our haulage ayaten. t the :mn.'t annually. A dredging tract of but If copper holds llrm. no one 2.U00 acres and a 120 acre placer can aay what will be the (foot are also owned by the com- on Utah Reaches 300 Level tract Copper and its operations pany in this region. so vast are ths posaibllltli s." le also working a The company Con Nevada of the McUl Market Analyzed. Operations . 29 miles lode mine in the Hllver Lska distral Mining company. but All of thia was said south of Bcowawc, Nevada, have trict in California whero the prin- with a trace of humorous i da haa been vein comcipal gold bearing reached tho 00 level in the and ut what tha years had wrought in pany's main shaft, according to the traced byfor shafts, tunnels i f a distance ot one and a change of outlook, l'reiliriion latest report of Manager Frank trenching a future rivaling tha past of that miles. Kratca to Salt Lako offices of the cne-hawere-mad- e. HoweBMme. Drift by tne Big Acquisition of the two pro parties Uncovers Ledge. Butte Houthern Mines, Inc., opof erating In the southwest portion on Butte, has uncovered a ledge tho surface close to whsro It la building ita powder house. Tha ore assays 11. ( per cent copper and ounces silver per ton. Colonel A. P. leake, president of tho company, who recently returned from New York City, will remain In Hutto for a few weeks, after which h will return to tha Iennaylcanlo Hotel, 3 ora tliy 10 cnmpieio mo, final details In financing tha da-- 1 velopmenu lr Follows Rich Lead nter-prls- In Tarbaby Ground lists Goodenow I Gold Mine Stock On Utah Exchange Nevada Central Shaft 150,-Uli- er O qul.-tly- . lf company, Mr. Kratra states In a letter to Secretary Treasurer K. 1). Higginbotham that renditions are exceedingly promising and that drifting along a strongly mineralised vein to intersections will be started at once. Mr. Fratea reports considerable! activity is planned for tho district, In City. Dougan, field superintendent for the Utah Houthern Gil company, Is in Halt Luke for a few days. Mr. Dougan, who hns been for some lime In the Coloriver urea prior to coming to Halt Dike, oil j says that the outlook have been resumed I durlion la greatly Improved na the at the Leo Liking property nearby I result i f rcce.nl developments in the Frank Hliufcr well. by Mr. Lakln. J. T 1 fr I Consolidated M.&S. Company L Survey Ot Resources Outlined by U.S. Engineers Non-Metall- il i Few ploneera live long enough to reap the rewards of their eour, age and forealght or to hear them.: aelvea acclaimed by tha crowd..! This ia aa true In tha field of min-- 1 r" ,wlvfp mln r. tbe Ing. a n phlloaophy, engineering drnre, or art. Call tha Hat nomdy'to corona thoaa tha forerunner! productive according to the who weromining activity preaent Utah: Rector Steen discovered tha rr!LK&riy bond enld Ontario and a $50,006,00 day. Krom ,hl rol,"p to ,h" lln0 nnxa for I17.H00. (ienrge B. OltlU "tumbled on to gnlen level," Mid Mr. Klppa, the old! '! ahaft haa been etraightened, re - UuMer ot Bingham and discover? United ed States the to timbered and gulden put in place (he outcrop Below the 1100, tho shaft la in mine, one of the greatest silver Bo condition for hoisting right now. lead deposits in the world. is known. Ogllvla made no The other day. I had the pleasure far of standing In the shaft houae, money out of his stroke looking down the ahaft and seeing neither did John Bestelmeyer, who the miners lights on the 1100 located and worked nearly all of level, a new experlenee at the Horn ths rlalnis in the East Ttntlc dls--I Hllver. in ths Untie trict, productive IVe have forcea of leasers ptandard, the North Lily, und working on every level front the Eureka Lily. h " v2!" I But one of the greatest ploneera 0m0J CoIon'1 D G it wee on tV.Pi W nd thi 1100 of ,h'm Reports Earnings For 1928; The program for thl year Includes the Installation of merrury-vapo- r rectifier al a rest of $50- 0000 and a copper smelter on tha Pacific, const, tl la understood. A dsm near tVaneta. to generate at an estimated cot of $1,000,000 has been planned. Two years ago this rnmpany wn producing 10 pep cent of the a or Id' aremint. supptq of lend. Its Kulllvun inln 17.1(0.-Jant Klnitvrlry Is declared tu contain This la romparnhle with 1 in $3.590, 4(1 27. after deducting Ilia largest drpoalt ntlie world. The smelter is about 50( for additions to properly of ofIt JO miles north and loaa account. Spokane. through pi SPOKANE, Wah. For (he year ended Der.ll. 1921, tha estimated net profit of tha Consolidated Mining and Smelting company of Canada, was 6,42l.4$i) after deprerla-tiotaxes .and after deducting reserve for 11,7(1.307 depletion, contingencies and for addltlon-- i to property through profit and loss n. w -- 1 h A- .tat do, Lack of Information Concerning Extent and Na ture of Mineral Resources Pointed Out es Serious Obstacle to Development Three Rich Areas to be Explored In Park City. Mine in Coming Season. haa produred around mine, wlib-a billion dollara in new wealth end paid In exesas of (lK.UOO.O'iO In dividend, wa made In the same Prediction strain of confidence. the Park-UtaConcerning the future for cop P- -r Colcn.1 fall, ... SB M Many splendid opportunities for the establishment of permanent industries have been lost by Utah because the state has never inventoried its natural wealth in mineral and deposits and filed this data in a central clearing house, ready at an instants notice for the use of outside capital desiring basic information concerning re- of Increased yield by Consolidated Minas the ' rr,.El non-metall- ic .S2LS: copper will However, I ire metal ever rered . that it reached during me unsu- . 1Ud,. Just passed, the most difficult ten nl progreas in year period survived the Industry, You will remember on the oc shape for augmented production caslon of one of my visits hre al reduced roats whcn metal prieca five years ago that I predicted a rulK at high levels. Production of the Tark-Uta- h steady improvement. With the exMines company for ception of the dips generally plot e t'onavlidated year 192S totaled JIS.O.K ton ted hy a curva on the ascent, cop-thore a of compared with 394.101 per has improved steadily and the Iona for Ilia year preceding. Net trend has been upward. d "Tho baric conditions that Income for the period was $1,56,-la- ri ropper to be weak have at- 177. ) aa compared with dieburae-Joylng improved. Coppei7 is now cn- 3J4.1K for 1527. Dividend the prosperity enjoyed by ments totaled 50 cents a share or nearly all of the other Industries $t. (74. 00. Current assets st the for years past. The rehabilitation rnd of 192 amounted to 13.431,-perio- d has beau sneresifully- cm. 39 as compared with 91,1(7,-paste- d reand, while ropper may sv-c2.27. cede, I never expect to res It j inroms from ore teles totaled erase aa low aa it haa during tha $.320,471. versus $4.395, Tt for lari decade." Totli expeneo waa 13.20,- :j3S. Colotteel Jackling explained that 311.52. the rnd of tha war raw the copper The Western orebody haa been industry nearly prostrate. With tie- - productive of 55,000 tons balwean mand wiped out, a large surplus the 1500 level an dtha 1100 or two hanging over the market, vast tons for earh foot of depth on the supplies of secondary metal onvrna ngth of tha deposit was hsnd. and tha great European con-7:- o fcet and verM width 2 umrrs in no position to buy. tho feft to. had copper Industry practically preparations have been madsstart all over again. company and drifting atartrou aak If m pradurtlon W by the on level to cut tha Brice be a factor n the ore body, rumps capable of nlni 6000 gallons a minute ,1in,Jlln bePn The crosscut lliavs tendTo fresh pricS 1' .?bleCV dUr,n rteirelonHconsummion does not outstrip production, but Jirin.ofA?ha Vr.r ,,v.i to far aa I can sea there la no serious! wl11 ! disturbing element on the horlon.tbe below the 1 100 at the present moment and none f11?1,inth or tha Eastern orebody, tha as a factor for aomej!vel sources. Thig thought was developed by Dr. Dorsey A. Lyon, supervising engineer of the Intermountain station of the United States bureau of mines and director of the University $91.-ratme- 1 , th.jo 'G'' ath? .0rn Utah department of mining and metallurgical research, and K. E. assistant supervising engD Head, Grass I neer, who spoke ut tha last meeting of tha Chamber of Commerce Mine mining commitree. "Not long ago, a reprewntatlva of large aaatern Interests came to 78 tho Halt Lako atatlon, said Dr. Lyon, and wanted to know if wo had a certain clay useful for Calif. SACRAMENTO. ; ornamental pottery. If a deposit Blnce tha discovery in 151 of suitable alia and grade existed, tha famous Empire Mines in this company waa ready to invest a Grans Valley has never had a considerable sum In development. ah it down and has continued , Chance Lost. into steadily driving deeper "What could 1 My? Not very tho crust of the earth for 71 much. The state has no geologlo yeara with no indication of bureau. No survey of finding tha bottom of Ita ora has ever been made. Aa a deposit. Tha name of tha opresult wa can glva inquirers no adeerating company haa been quate Information. Thia ia but an changed from Empire Minas example of tho chances lost by lack and Investment company to of adaquata data. Hare waa a man Empire Mining company and prepared to spend tha money to all tha property transferred found a new industry and wra wars to The latter company. No unable to assist him. Yet I am cerchanges In policy are contemtain that if a survey of tha state's plated. resources wero made wa would find depoalta of perhaps Just tho mineral thia person derired. Wa hava had inquiries for mica, for marble and other depoalta. Wa can male no definite overture toward Interesting capital because wa cannot tell how much, and what grade of these materials tho state ha and where these depoalta exist. "Bom ethtng should bo dona at eetve thir pi okleim Mr. Lyon suggested that until tha state could make provisions for gathering thia Information, it might be well to make the Utah EnExperiment station at the Two announcements of Impor- gineering University of Utah, the clearing tance to Ophlr district development house and repository for any Inpossessed on and to Ophlr Mono Mlnea, Inc-- , formation or reportsother minerals. and stockholders, wars made by ManInexact-Mr. Information ager Hr C- - Godhe thia weak. Head amplified tha need for 1 Complete ownership of the a survey of the state's resource. practical examples of valuable Mono group, embracing Numerous the need for data aa complete as 1( patented claims, haa been ac- can he gathered were given. quired hy Ophir Mono, Inc- - as lot about our alunltai the mull of a series of deals our"We hear aour and our othcompleted Wednesday. Holdings of er sulphur, raid clay, Mr. Head. "But the company in the Ophlr Dry can- randeposits.' one here tell the else and yon district including tha Mono extentanyof these depoalta, their group and other propertlea ad- grade, their location .and distance joining amoiipt toa total of 1,500 to the railroad. acres. "No. And neither can wo who 2 Two faces of rich oro have have been in the business trying been opened up In the Mono bed to get this information. A prosat widely distant points, indicat- pector comes to ua with a sample. ' Inc., has We analyze it. He tells us in gen- ing that tha Ophir-Mon- o at laet found ore channels parallel oral terms about hla mine. Whethto tha rich bonanza bed, miner by er he has a spado full of tho maGibson. terial or a mountain. Wa do not The Mono claims were among tha know nor docs any one else. Thia by richest In the district. In mining Information van only be gainedfield an engineer into the thp Mono bed from tha aurfaea to sending exand tha an examination by a depth of (00 feet on tha dip of for time and money. the formation, the pioneer. Matt penditure of muchlike la dona this Until something Gisborn, took out a million dollara. and lor every Rmelter receipts held by Mr. God-b- e for the whole state we will know very show that in one twelve month type ofofdeposit our resource! and each little period of 1(72 to 1(71. Glaborn year we will be losing golden ophipped (5( tong of ore that nettand ed 1344,(41 or an average of (130 portunities to Interestof capital tha state's development a ton. Reports on shipments ahow expand Industry. mining that one lot of one ton netted conclusion of the addressNumbers of otherse return ee At the by Dr. Lyon and Mr. Head, tha $5l)0 to 1(00 a ton. and shipments Immediately aa rich a tha first were not un- mining a committee adopted morion asking the adviscommon. make to a study ory Ophlr Mono Inc- - operations of thia question and map out a plan hava been cantered on opening up of action to remedy a serious deat a depth of about 11)0 feat below ficiency. tha surfare on the dip of tha bed, two channel parallel to the Mono bonanza- This work haa been car - DpCfiltlOtlS KCSUlllCQ ried to the point where two faces of ore have been explored 4l)i feet apart In the Mono bed am? 300 feet below the lowest workings of Grlsborn. have been resumed Operation Assays from these showings, ac- at the Silver Standard Mining folare to as Godhe. Mr. cording property In the Santa-qui- n lows: No. 1 face. $120 In gold. company's the direction distrirt under (.700 ounces of rilvrr to the ton of Superintendent Perry B. Fuller. and 41 per cent lead. The shaft is down 4(0 feet, timberAnother ramplr assayed ed and in frst class condition. II gold. 250 ounce of silver Sinking to tha 500 level will ha tha ton: 21 per rent lead. A third , continued where drifting will be ran tt in gold. 0 ounces of sliver !tartrd to crosscut two mineralis-t- o the. Ion and 31 per vent lead. rd finures. Financing of development has been accomplished, according to President U N. Ellsworth, so that work can proceed without delay. Officers and directors of tho Dr. U company are aa follows: N. F.lisworth. president: F-- D. Hg ginbotham, vice president: C. T. R. C. Barnes, Goff, secretary: treasurer; Ernest Madsen. Valley Worked For Years "' Ophir Mono Mines threatening ' . original producer iu the mins, - V. indai'trruMttze4. which pMldsd' heavy - tonnage of Speculation haa not caused the ; advance but rather healthful with dept .. nia company mand. Substitutes era not likely to explore the Park City to reduce copper consumption In Imeatonca lying between tha 1500 the event that prices hold al or; level and tha surface. above present level, since suitable , company is also arranging substitute, for copper have not to The work the western portion of the been found in the electrical and Ontario below tha water level, old allied trades, absorbing the bulk whero known oro bodies exist, car- of the incial. vying high percentages in sine and Generally, a boom results in disastrous deflation," said Colonel lead and a good silver content. Jackling." but tho present bulge seams the result of Industry's norMines H Opens Two Faces ttorrt .'"rebndli'Do.ntW Of Bonaiiza Rock !'""; I Bingham mal demands. "Viewed from every standpoint, the copper situation has licvrr been in as thoroughly satisfactory a condition in all tho years 1 hava been engaged in tho business. Net income of $1(9, 258. 5( for For tha first lima in more than a 1928, aa compared to $309,4(0.11 half generation the ropper produc- in 1937. is shown by the annual ing industry I actually prosperous, of the Bingham Mines comhowever no inoro relatively pros- report operating in tha Bingham perous than other basic, industries, pany, and Tlntlc districts but normally and healthfully Despite the fact that lower um's arc being found for copper, and increased demands in old earnings were reported, Jamas F. channels arc impressive. 'J'hc de- Graves, president declares that the mand fur the metal in the build- net figure quoted ia after a deand in- duction of $125,030 waa madn for ing industry is excessivebounds. Auend prospecting development creasing by leaps mid i tomobile manufacturers are taking work, and that, "Both the vastly more copper than formerly. toria mine, l.i.ati d In the Tintic Modern means of communication district, and the Dalton and Lark Including the radio, telephone and mine in the Rlngham district for an constantly telegraph showed Improvements during larger iiuantltici fur copper. Elec- the latter part of the year; and trification in all parts of the for the lost six months the earnworld Is making heavy and steadshowed an increase of apThere ings ily augmented demands. is nothing abnormal in the pres- proximately 100 per rent over the first of six the year. months inent prosperity of the cupper Production during 93 totaled dustry. It merely reflects the im-fi- 79.(90.799 dry tons, with smelter provement In industriHl und nancial conditions throughout the returns of $809,921. 16. aa comworld and particularly ill this pared with 100.053,339 dry tons and $1,015,060.02 net smeller recountry." Colonel Jackling' manner re- turns in 1927. flected great pride when talking of Utah Cupper's record in reducing a ita per ton cost to 5.6 cent the last quarter of 192 pound BASIN. Montana The Darin, Other companies, notably those of South America." lie explained, Montana Tunnel company Is string"have produred cupper 11s cheaply ing lead covered cable in Its south and perhaps more so. Ion no cop- Grey Eagle tunnel and Installing a per company, treating nn ore -cur- 50 11. J. electric hoist at the collar rying aa small a perrrntngi- or of the winze- - Sixty feet cast of the metal, ha ever reduced ita costs winze in the aouth tunnel an ore as low aa Utah l'op per. body, which when encountered had a width of 18 inches- - is wid' enmg In the face. This are aa sava 12.3 per cent zinc. 2 per cent trad. 22-- ounces sliver and $1.60 guld per ton. William 11. Ilex of the company is In I president jScatilo making arrangements for i listing the share on the Kcattla ,l'urb and Mining exchange- I Earnings Shown Installing Hoist. r Utah Mining Faces Period Of Unprecedented Activity I Utah mines end probpcits have not fved a brighter future at any tlmo since the war. Copper's advance to 33 cents on Wednesday. tho rise of lead to 7.75 cents earlier In tho week, and sitv'a advance to (.(5 cents makrs this statement thoroughly In arvrd with the facia. Trading In Utsli slocks haa been heavier than In yean and volume uf development work In Tlntie, Park City. Beaver royjity and other ramps ground for additional optimism. Coming on tha heels of Col. Jackling a bullish statement -- 1 Wednesday, ropper n rise to rents Thursday became the lading topic of conversation among mining men. Not since 1919. when ropper moved within the limit of 71.5 rente rnd 14.75. 1ms tho tnetal sold aa high as it la at preaent. Without doubt, tho 19?9 vec- -. oril of copper production in Utah should touch a ne wh'xh for nil yeara. Estimated output YEAR; 60c. 6 MOS.; 5c COPY. Need of State-Wid-e Great Growth Jackling Predicts i Replacement Deposits in Lower Mississippi on Lime stones of Black Forest and Old Spruce Mon arch Groups to Receive' Attention. ficlent reservei of ore, building a railroad Into the district may reof the project mit. That have ruch a plan In mind la foreshadowed by the Introduction of a bill recently into the Nevada state legislature providing a franchise for a seventeen mile railroad Into the Spruce Mountain diatrtet. This would probably be a branch of the Western Pacific, taking off at Tobar. II of the money paid for stock control by the Big Missouri MinIs to ing company and ainoc-ate- i go into development, according to Mr. MacVIchle, who stated that the district will at last receive the attention of a big mining enterprise, thoroughly financed for extensive development and equipped to execute a thoroughly planned geologic program In an efficient manner. $1 Outlook Utah Copper Discussed it in ut aa will Mm III aillatest Mat aatkaalto wlalas aawa al tka latanaavatala Waat. WUafe SALT LAKE CITY, UTAH. MARCH 22, 1929. Control of Spruce Mountain Acreage Company Purchased By Big Missouri Mining Co. adit. 11 AL iweew. each mk mt oil rtaaacial atork eaatallawa N la tag. FOR f 1.00 YOU RECEIVE A fan rMi to Ita sakaartp ll : 3(0.000.000 and 400,000,000 puund',) ia not ekcPrxKc as imiii pared with; tlvc lnl die-cen- t c , , ' w . was $(.151,(12 and dividend I burwmenu, $12,772,510, I .(Continued on J'ass Four) ! n - At Silver Standard 11-2- t; Output Mounts To Huge Total t- - I. $!.-11- 5. Bunker Hill and Sullivan Mine 192('s high it 2!"),ui,"a(i pound,.! fj Figuring the average price copper at 2" cents for 1920 on a production of Siin.non.nnii pniind"1. t I'lsli ininr J additional revenue during the current rontith', to $2n.,,"-- i period would amount ono based on a cninpnr!,"u with MOH O'V. Idaho. Reports from Mill and Kulllvun .Vinlast year's nirrage price if 14. 57 j the Hunker cente for 92 S. ecu's mg A-- Concentrating company, at In thn Coeur d'Alene ts as compared with ( .3"S crating in northern Idaho, ahow a 'aliniil I the revenues! trb-of rea and $II.142.(X1 of metal mines another $3."o.nna. surplus surplus of $31,(03, 27 on BhouM hol(j sl nr n,,r ,he,r valuation prwent level. Utah will bo $25.-- j I,pp-During' the life of the corporation 000 000 to: as the have been for demsnd ijrcawl an mined, value of having assay mlt.u 44M5. from whleh 92.1(7.-neMe.ntei.il.. !!n. race to f,nd i 4!l b" In ret amal- During I'tah'ai cr niincs i's return. Operating profits Mon. entire period ..f mci pr.-dfrom Ibe filin- - of the flr- -t fre depletion lists amounted to other net revenue. claim Keptembrr 17. 15(3 nt Ding. I''2.4I.U3. ham liy Grurgv It. OiilDte nod t" uftre providing for Income tales. 1 ra Stocks Called First In 1028 ths Bunker Hill company mined 452.345 tons of ore, having an assay value of $6.7 1.(31. from which $4.!((.031 in net amrltcr reTwo new listenings. Park Kon-ol- d turns were received. The opand Crescent Eagle Oil. were was traded erating profit before depletion1451.-95in for tha first time during (, revenue. $2,475.1(1; other sc salons of ths Balt Lake and dividends, $1,001,9(2. the regular asd Mining Exchange on Stock shows. report on e of the outstanding events of Wednesday. Tho Park Konold company, the year for the company waa the which headed by Daniel Kon- completion ot the new electrulylic I s!nc plant at Kellogg, owned by tile president, and George B- Kulllran Fining company. Iroduc-- 1 Roberta, a secretary end tresnur. haa consisting of ten tlun at the rale of 500 ton monthly 'on rf was reported on Jan 1 and thia la ''talma in the Elkhc to 1(00 tons the Park City mining dlstrct hi being Increased 1 Time on Mine Market 1 monthly, Utah, 4 i w |