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Show "unprecedented prosperity rewards faith in: mines k ROCHESTER MINES COMPANY. The year IfMii 1ms been one of the most prosperous years in the history of the Rochester Mines company, at Rochester, iev. President L. A. Friedman, under whose personal supervision the mine is operated, is credited with having within the last two years brought about its development, equipment with milling facilities and other necessary appurtenances, appur-tenances, and bv the able management of its finances has placed the mine on an earning basis which will make it one of the largest dividend payers of all the silver-gold mines in the west. Service of the milling plant was greatlv expanded. The Friedman tun-hp! tun-hp! rame nearer performing work tor which it was driven and the construction construc-tion of an aerial tramway from the mine tu the mill will be completed about Jamunv 1. These improvements, considered huge steps toward making the property fulfill ful-fill its destiny as a great producer of silver and gold, were rendered the more influential to this end through tho accomplishing ac-complishing by the management of remarkably re-markably large development in the workings. And the company is said to have closed the year without debt and with a handsome and growing cash balance bal-ance in the treasury. President and General Manager L. A. Friedman had the satisfaction of being able to report to the stockholders that the known resources of the property proper-ty are greater than ever before and be had every reason to belies c,. from the large amounts, of ore exposed and i t s demonstrated average values, that it will produce handsomely during a long series of years. lp to December 1915, the company com-pany had produced a total of 32,832 gross tons oi ore, which yielded in gold v ami silver values $1.015, 345.-44. or an average of $2i) per dry tun. This yield had lieeu made subsequent to January I, the beginning of tho company's level op-men t operations. During the year J'J15 the company's mill was started, producing bullion' at the rate of 15rt0 to $2000 per day. A Iso in 9 Hi the Friedman tunnel, conceived to tap the veins of Rochester Roches-ter hill at 1200 feet depth, was aggressively aggres-sively driven. When the Friedman tunnel had reached 1 432 feet a great fissure was c ncnu nte red, showing mineralized material ma-terial across a width of forty-five feet. This tunnel demonstrated the ore bodies to be deep-seated in Rochester hill, also that they are massive. Dining the year 1915 in the east vein winze 301, at a depth of 430 feet, there was broken, from a width of t wentv-one wentv-one feet, much ore carrying $15 to $25 a ton. On the same 301 winze, 350 feet south, at. a depth of 450 feet, nine feet of ore yielded $15 to $-10 a ton. .This vein has during 1916 been opened to the surface, actually proving the existence exis-tence of more than "100,000 tons in this one ore shoot alone. 1 n addition are the "West and Foreman Fore-man veins, opening up extensive ore ; bodies, while the mineralized ore zone along the strike of these fissures is known over a distance of 4000 feet through the. Crown Point No. 1 claim am1, the Weaver claims, all belonging to the Rochester Mines company. A raise from the face of the Friedman Fried-man tunnel and rapid sinking of winze 301 are expected to prove of immense value to the great vein which the tunnel tun-nel cut at a depth of 1200 feet. This work is in progress, and will result in affording also an outlet for all the ores from al!v the veins in the upper workings, which may move from the stopes to the mil by gravity and which are conservatively estimated at close to 1.000.000 tons." During the year 1916 development operations have brought into sight another an-other large ore body twenty-two feet wide on the 250 level, carrying excellent high-grade milling ore. At another point on the same level yet another ore body has recently been opened, and established itself at five feet width, assaying better than $20 a ton. An aerial tramway from the mine to tho mill will soon be completed, and this will reduce transportation costs 50 cents per ton and save $33,000 a year for the company. The October bullion output was valued val-ued at $57,600, of which 15 to 17 per cent was gold and the balance silver. Equipment of the mine, the development develop-ment far ahead of production and the milling facilities are all of the highest efficiency possible to attain. The bullion output for the year 1917 is expected to reach $750,000, and dividends divi-dends will be paid some time during the year. (Ad vertisement.) SEVEN TROUGHS COA-LITIQN COA-LITIQN MINING COMPANY. The Seven Troughs Coalition mine, in the 8even Troughs mining camp, Humboldt Hum-boldt county, Mev., is one of the substantial sub-stantial gold-producing mines of northern north-ern Nevada. The extensive development operations projected by President L. A. Friedman early in the year, -were suddenly interrupted inter-rupted when the miners broke into a subterranean lake which flooded the lower portion of the mine. New pumps were immediately placed, and when the mine was again put into working condition condi-tion sinking was resumed on the new winze from the 1700 to the 1800-foot leyel. This work was completed about the close of the year. This makes possible pos-sible the exploiting of the rich gold ore bodies 100 feet deeper than they were found on the 1700 leyel and at various other parts of the mine nearer the surface. Tt is the- intention of the management to drift on the ISoO-foot level and catch tiie ore on its rake at this depth. The officials of the company are confident that this new work will 'bring magnificent magnifi-cent rewards during the coming year. Notwithstanding the heavy expense of development operations and contending contend-ing with misfortunes the mine suffered iu 1916, it is savl the company sustained these from mine rcenues and closes the annual period free from debt ami with between $50,000 and $70,000 in the treasury and th;tt dividends will be rc-Mtmed rc-Mtmed very soon. - During 1915 Coalition produced $416,-0(.:-;7 from 450n tons of ore, or about M0: a ton, average, from all parts of the mine. Large Dividends. Within the same period the company Via id $ SO. 37 8.35 iu dividends, and during dur-ing twelve months of 1915 and December Decem-ber of 1914 this sterling property gave to stockholders the grand total of $216,-tl'2.9!. $216,-tl'2.9!. in six dividends of 2l cents per share, or at the rate of nearly 33 1-3 per rent, on the market value of the stock. o;:lition's bonanza potentialities arc ;j inong its conspicuous rharai-tori sties, and . oust i t n t c wondrously alluring at- h tributes of the shares. Its luxurious depositions of the yellow metal are known to prevail bounteously in areas of mineralization favorable to their making. The first streak of high-grade found in the 1500-foot level yielded $30.00u a ton, and when this had widened to ten 1 inches it yielded at the rate of $300 to $4000 a ton across the entire width. i The south stopes between the 1 1 00 and 1500 levels kept the bullion production produc-tion up to more than $1000 a day during a period of eighteen months. A return to these conditions in 1917 is regarded as a foregone conclusion by the management, as a consequence of the present development. The officers include, in addition to President L. A. Freidnian of Lovelocks, Nov., the following: William Adams of Chicago, first vice president; M. R. Van-deikloot Van-deikloot of Chicago, second vice president; presi-dent; J. 1. Goodin of Lovelocks, third vice president; H. J. Murrish of Lovelocks, Love-locks, secretary. (Advertisement.) GOLD CHAIN MINING COMPANY. While the Gold Chain Mining company com-pany in the Tintie district has paid no dividends during the year, it is working work-ing in that direction as fast as conditions condi-tions will permit. The Gold Chain absorbed the Ajax Mining company, which is said to have paid over $1,000,000 in dividends during dur-ing its history. The Gold f'hain shipped 214 cars of ore in 1916, against thirty-nine cars for the previous year, whii-h indicates a large degree of activity at the mine. Copper values predominated. The average aver-age value of the ore is 7 per cent copper, cop-per, 10 ounces silver and $3 in gold. The shipments during the latter part of the year were running about ti ve cars per week. The company has accumulated a large surplus revenue, which means that a great deal of development work will be done during the coming year. Developments have been steadily pushed from the 1500-foot level of the. Mammoth mine into the adjacent workings work-ings in the Gold Chain, and in the 1500-foot level of the Gold Chain, on the various levels between the 200 and 700-foot levels, southward through the Opohongo ground held under lease by tho Gold Chain people into an entirely new part of the Gold Chain territory, and most of these explorations have developed ore. A marked improvement was encountered encoun-tered in the character of the ore, particularly par-ticularly that coming from the 1500 and the 1550 levels, i The property is well equipped and has one of the best shafts in the dis-: dis-: trict. The mine buildings are up-to-; date with all the best equipment. C. E. Loose is president and general manager man-ager of the company. The other officers of-ficers are J. T. Farrer, vice president; Preston G. Peterson, secretary and treasurer; W. D. Loose, superintendent. (Advertisement.) BIG INDIAN MINING COMPANY. The Big Indian Mining company is operating ou a scale that promises to give the mine an important place in the Utah mining field. The company owns 400 acres of patented pat-ented land in San Juan county. The property is located seventy miles from Thompson Springs ou the Denver 6c Rio Grande railroad and is reached by a first-class highway. The mine, which is said to disclose a mountain of low-grade low-grade copper in condition to be mined on a gigantic scale, has been kept from its own year after year on account of its distance from Ntne railroad. The man who has furnished the idea that has started it on the road to activity ac-tivity is Nels C. Christ ensen, who in connection with Harry J. Morgan, recently re-cently perfected in the metallurgical research department of the University of Utah a process for the extraction of metal from low grade oxidized copper ores. Following his discovery Mr. Chris-tensen Chris-tensen conducted an examination of conditions at the Big Indian and later began installing a mill embodying his process at the property. The plant will have a capacity of 300 tons daily and, if successful, will undoubtedly be the prelude to a much bigger plant and one of the biggest mining and extraction enterprises in the state of Utah. In describing the process which has made the process of mining these low-grade low-grade ores possible, Mr. Christensen says : "The process provides for the dissolving dis-solving of the copper contents of the ore through the agency of a solution of sulphur dioxide. The metallic values freed from the waste rock are thrown out of the solution when the sulphur dioxide gas is driven off as the sulphur sul-phur is heated." All who have seen the Big Indian mine say it is a low-grade wonder. The copper values are extensively disseminated dissemi-nated through almost mountainous masses of sandstone. A profitable process pro-cess of extraction will undoubtedly open up one of the biggest mines in the state. The property covers a large scope of country, affording all the elements ele-ments of a truly stupendous mining enterprise. en-terprise. The property lies south of the La Sa' mountains on the rocky, desert mesa but all the facilities for extracting the red metal by the proposed process are present. The management claims to have now exposed about 750,000 tons of coppei ore that runs between 3 and 4 pei cent. Rich streaks in the mine hav shown as high as 65 per cent copper The ore carries small values in silvei and gold. A shaft has been put down thirty feet and large ore bodies are uncovered at that depth. A plant is now being constructed anc will be ready for operation within foul or five months. When the mill is com pleted the company expects to ship tcr tons of finished product per day. (Advertisement.) SIOUX CONSOLIDATED MINING COMPANY. j The Sioux Consolidated mining prop-i prop-i erty, now being operated by 'olouel C. F. Loose and associates, is one of the most interesting enterprises in the Tin-tic Tin-tic mining district. This property. 1 which was closed down several years ago, has a dividend of more than $75,-000 $75,-000 to its credit. Most of the ore from which dividends were jiaid was taken from the Phoebe S. claim, adjoining tho Iron Blossom. The claim carried the Colorado-Iron Blossom its full width of about 600 feet. The existence of this well-known bonanza on this ground has added new zest to the operations that were started in June, HI 16. A nother stimulus has been added to the development devel-opment work by the discovery of a large body of copper id the Iron Bios- SOUTH HECLA MINING COMPANY. The South Hecla has joined the cias of divHenrl-payins minrs during- the year, the first dividend of Ja cents per share having been declared on the 10th dav of August. The -irominenre triven to the AHa-Cot-lunwood ndiiiir-T district by the epoch -nmkhm disi mvry m the Cardiff would have been of httlo pcrManent account if it Inid not been followed .hy other strikes in other properties. Proof liiai the Cardiff was not an accident acci-dent w as afforded in HH by the South hecla. situated in another canyon and roverini; different fissure zone. Its first important ore disclosure was made in a fissure known as I he "Wedge," :it a point 2- feet from the surface and reached by a raise from the fm-fooi level. Mere t wo .ureal ore shoo is were found making down from the surface to unknown depths. On the discovery level the ore, varying from eleven to fifty-five feet in thickness, was opened for a distance of nearly 300 feet on the strike of the vein. A series of raises from the 250 proved the ore to som, which is running in the direction of the Sioux Consolidated ground. The Sioux Consolidated has a eoin-fortable eoin-fortable surplus in its treasury and is eon dm-ting an extensive campaign of development. The old Sioux workings were from a 600-foot shaft. Prom this level a crosscut cross-cut has been made 200 feet in the direction direc-tion of the Iron Blossom ore body, where a winze is now being sunk. Contracts have also been let to sink the shaft from the fiun level to tho 1000-foot level. On the GbO-foot level are large deposits of low-grade copper ore. So regularly do the ore bodies in the Tjon Blossom rake downward into the Sioux ground that the management believes it has figured the points where the ore bodies will be encountered with almost mathematical mathe-matical certainty. (Advertisement.) GRAND CENTRAL MINING MIN-ING COMPANY. The old reliable Grand Central Mining Min-ing company has had a prosperous year and shows a dividend of $4',000, beinfc an increase of $7o00 over the previous vear. Tho total dividends to date have been $1.(3(35,0' i0. The ore shipment? have been o-2 cars, an excess of 333 cars over the shipments last year. The Grand Central Alining company was incorporated in 1902 under the laws of Colorado. The property is located iu the Tintic mining district, one mile from the railroad, and consists of fifteen patented pat-ented mining claims. Increased activity at the mine lias resulted in an immense amount of development work and the opening up of brigliter prospects for the future than have been seen for many years. On the 2200-foot level important developments de-velopments have taken place, showing I an improved quality of ore. The shipping ship-ping product at this-level carries from 6 to 7 per cent copper and the deposit is of liberal dimensions. Early in the year the force at the ; mine was increased, and by July the production had risen to 100 tons per day. From this gratifying result it was believed by Colonel Loose and his associates that "improved mining facilities facili-ties would greatly enhance the production produc-tion and profits." The mine has now 1 ! been electrically equipped in every de- part me nt and is prepared for a new era J of production. The management is confident con-fident that the coming year will show an increased output of ore. After facing fac-ing several years of severe reversals ' ! the mine is now entering its former j class and may duplicate its past high : dividend record. Relative to conditions at the mine, ' the camp paper says: "Regarding the hcavv shipments ' from the Grand Central, V. D. Loose, assistant manager, says the mine has such a large amount of ore blocked out that larger shipments would be possible i without greatly increasing the working , force. The company has a force of ' about seventy-five men, but a third are doing top work, handling the machinery, machin-ery, the tramway, clerical work, assay- ' ing. etc. The force underground is by " no means a large one. ".lust when the Grand Central was sending out ore at a lively cUp there . came an order from the smelter that ' the tonnage must be held down to 100 . ton3 a day, and this has necessitated a ; reduction in the workiug force. The mine had seventy-five men at work and I about one-third were laid off. ,To reduce operating expenses all the men retained - were placed on the dav shift, t "Mr. Loose- says shipments are being taken from various levels from the 600 to the 2000. The latter level is just above the water and some years ago considerable work was done below the 2300 in this mine. ' ' Great credit for the successful working work-ing and management of the mine is due to'VoIonol C K. Loose of Provo, gen-I gen-I oral manager of the company, whose 1 strong belief in the property has been sufficient to pull the mine through every J crisis. (Advertisement.) ALTA CONSOLIDATED MINING COMPANY. Development work of the Alta Consolidated Con-solidated Mining company during the greater part of the year consisted chief-lv chief-lv in opening up its immense low-grade orf bodv. Several shipments were made from the higher grade of ore taken out. but the company is depending depend-ing mostly ou the hiryc body of low- South Hecla mine. be going up wttr undiminished strength, leaving little doubt that it continued to the surface and would connect with the ore in the bottom of the old Wedpe shaft, which yielded some of the most sensational sensa-tional silver assays ever obtained in Alta, when it was being operated years ago. Since the close of 1H15 the Soutli Ilecia i-ompany has been actively engaged in the exploration of the ground below the 250-foot 250-foot lfvel. The ore shoots have been developed de-veloped on 1 he 350 level, insuring another f hundred feet of stoping ground along the strike of the vein, and there is every indication in-dication t hat tiie big ore body extends still deeper. ("ntll the "close of navigation" from Alia, owing to the heavy snows of last winter, the South Hecla was sending out forty tons of smelting ore daily from its Wedge workings, while lessees, operating in another part of the property, were slopping as much more ad paying royalties royal-ties to the company. When forced to discontinue dis-continue hauling the company reduced its force, but continued development and the accumulation of ore in its bins and in various parts of its workings. In June fee transportation difficulties disappeared and production was resumed at the rate grade ore, which will be marketable as soon as the railroad is finished into the camp. ; Under tho personal direction of Robert Rob-ert A. Brown, who has been' appointed consulting engineer, the company is now preparing for the shipment of ore. : The low-grade ore is being thoroughly I tested out. Drill holes, are being put in from the hanging wall te the foot wall every five feet for a total length of eighty feet, and the ore is showing of fifty tons per day, which will probably be increased and perhaps doubled, when more teams are obtainable. During the year a large body of I be richest ore yet found in the South Hecla was encountered in a drift being run by the South Hecla Extension to reach its property. It entered the ore for ten feet and had mineral on every side. ' Water which accompanied the ore has delayed the exploration of the shoot. While the ore so far exposed Is in the right of way of the youth Hecla Kxtension and belongs to that company, it is of importance to the South Hecla in 'that it demonstrates a new ore-bearing fissure which must cross the property for thousands of feet, and may have many a flue ore body along its strike. Since the first of Die year the market value of South Hecla has risen from $2.30 to $3 per share. The high price of t lie stock is due in part to the modest capitalization, capitali-zation, which is onlv 500,000 shares of which 237.000 are in the treasury. The officers of the company are George H. Watson, president; Herman Bamberger, vice president, and A. B. Watson, secretary secre-tary and treasurer. (Advertisement.) I average values of $9.43 per ton. The ore is a heavy iron sulphide containing copper, gold and silver. The iron runs about 40 per cent, which makes this a direct smelting ore. The officials of the company say this vein has been developed in one place along tho strike for eighty-five feet and has been crosscut for over forty feet. I It has also been encountered in the raise, 1 showing a thickness of thirty feet. A 1 carload shipment of 80.000 pounds of this ore was recently sent to the smelter and showed an average value of $0.43. The company will shortly make arrangements ar-rangements with the -Michigan-Utah for the transportation of its ore to Tanner's Flat, four miles down the Little Cottonwood Cotton-wood canyon, to which point the narrow nar-row gauge railroad will be finished in a few weeks. Arrangements have been made with the Michigan-L'tah for the use of its Copper Prince tunnel, which will allow the Alta Consolidated to get greater depth on the large bedded vein. A crosscut is to be driven from the tunnel tun-nel into the Alta Consolidated ground. Since June, lOUi, the company has shipped fifteen cars of ore that have averaged from $:l to $40 per ton. This has come from the development work along the Braine fissure, one of the strongest mineralized fissures in the district, and which runs the entire length of the Alta Consolidated ground. Since work was first started the company com-pany has shipped about $125,000 worth of ore. The property consists of 135 acres of ground, a large part of which is patented. pat-ented. The officers of the company are: A. O. Jacobson, president; Robert fc. Lewis, vice president, and V. H- ey-her, ey-her, secretarv and treasurer. These, with Richard "P. Morris and Ray Van Cott, compose the directorate. (Advertisement.) THE GALIGHER MA-CHINERY MA-CHINERY COMPANY. Tho GaMgher Machinery company again wishes its numerous friends the compliments compli-ments of the season and desires to thank them for tho generous patronage extended ex-tended during the prosperous year 1916. . This prosperitv of our mining community com-munity has been' reflected in such an increased in-creased volume of business for us that we have erected our new shops to take better care of our customers' requirements. require-ments. , The stability- of the sugar market and its predicted permanency has caused the erection of many new factories and in all of them the Kelly filter press occupies occu-pies a prominent and useful place, it is our good fortune to build this perfected adiunct to the economic handling of sugar juices, and the Kelly press now is in all-sugar-making mills the world around. 1 Aside from this, we build and handle nearlv everything the miner requires cars 'and cases to carry his ore to the surface, engines to do his hoisting. Roebling steel ropes to carry his load, Ingersoll-Kand drills to open his mine and compressors to furnish the necessary power. For the mill man we have the Hardinge mill to crush his ore, the Callow screen to size and the Callow tank to settle his slimes, belting to drive his machinery and all the endlc-ss articles that go to carry out the successful manipulation of mine, mill and smelter. We believe in all home products and our large payrolls go to the advancement of Utah men and women and Utah homes? Our aim has always been for a "square deal" both ways. Our stockholders are all Utah people. We are here to stay and to advance in prosperity with our great state. A word about our new shops on Eighth South and Fifth West streets next 10 the Portland Cement works: 1 lu-- are being built by Villadsen Bros., Inc., (from our i.wn plans). These people, know the reinforced concrete game from start to finish and tlir. works are a credit to their skill. The main building is :i0 feet long and 6r. feet wide with boiler and tool room annexes: is fitted with traveling cranes and every convenience con-venience for successful work. We ex-p.-v-t to build a large warehouse on our ample premises in the very near future. We are served by ample trackage by the courtesy of the Denver & Rio Brando ibilway. We aim to make our shops a model in all wavs and to serve the public 1o the het of our ability and skill, as far as good men and ample capital can carrv us. (Advertisement.) BINGHAM MINES COMPANY. COM-PANY. The Bingham Mines company has made one of the big records in mining in th west. In the short space of a few years it has emerged from an indebtedness of nearlv $11,000,000, the last of tho bonds having been retired in August last. Its control of the Eagle & Blue Bell mine was one of the master strokes of its financing, for this producer of Tintic has done much toward paying off companv obligations. It has likewise acquired th Victoria mine in the Tintic district, and this promises to be a profitable producer for manv vears to come. At the time of Its organization in 1908 Bingham assumed $902,000 first mortgage bonds issued by its predecessor, and It also issued $577,790 in second mortgage income bonds to take care of floating indebtedness. in-debtedness. The first mortgage bonds were all retired from earnings prior to April 1, in 1 4. The second mortgage bonds at maturity in January. 11)14, were exchanged ex-changed for $587,000 first mortgage 6 per cent convertible sinking fund bonds, in April 1S15, $87,000 bonds were purchased and retired, and since then $411,000 bonds have been converted into stock. The $89,000 bonds retired in August cleaned up the issue. The Bingham Mines company owns the Dalton & I-ark and Commercial groups of mines in Bingham Canyon, West Mountain Moun-tain mining district, and also controls the Yospmite Mines company It controls the Eagle & Blue Bell mine in Tintic. and owns outright the Victoria mine in the same district. The Bingham properties have been producing pro-ducing steadily the past year, the shipments ship-ments averaging between two and three thousand tons a month, being copper and lead-silver ores. The Eagle & Bine Bell and Victoria have likewise been worked the entire year with -good results. During the year the Eagle & Blue Bell has been completely equipped with a new electric hoist, coinivpsfor, head frame and steel-concrete fireproof building. The new equipment :rs a modern electrical installation in-stallation throughout, and has given complete com-plete satisfaction during its nine months of operation. Us shaft has been sunk to the water level, which was found at a depth of 2018 feet from the collar of the shaft Toe property has been brought up from a prospect in 1900 to a divideni-payer divideni-payer and one of the big mines of the Tintic district, and has a most promising future. The officers of the Bingham Mines com-psnv com-psnv ar.c James B. Graves, president; Ircer Peti. general manager; Joseph Hy-laud, Hy-laud, r.npe:iu-,idt.L.t of mim-s a" 3mg-harn; 3mg-harn; William Owens, superintendent of mines at Tintic. (Advertisement.) 1 : n IT - ' ; CI Qj 811' 5 llsclP ' il l !L fi Matt, Bullion and Furnace ; I Products r I Copper Plant at Garfield, Utah i: I Lead Plant at Murray, Utah !; P tt Address all Communications to I C. W. WHITLEY, GENERAL MANAGER f 1 McCornick Block - - - - - Salt Lake City, Utah I - ; E-; I-M I-M w |
