| Show MINES AND MINING STOCK QUOTATIONS A TINTIC CENTRAL WORK ON 1 1000 Notes From Uncle Sam Lehi Lelli Tintic Lower Mammoth and Iron Blossom Reports come como from Tintic Central that rf thc the drift on the ha has bas now reached a as s point moro more than 1000 feet teet to the northeast north- north cast east of ot tho shaft shaH This drift is occupying occupy occupy- ing tho entire time ot of tho the company compau as It ItIs ItIs Itis Is intended to full fully develop de this part of ot othe the he company's ground and determine the formation The Tho face of ot the drift is sUllin still sUll in lit iron ledge matter through which It has lIas been passing for tor more than lOO feet A number o of 0 small fissures havo been cut cut which has hns given considerable encouragement en on- and In which some fome work lias lia been een done The rhe drift Is no now going directly to the tho e east cast t and cutting tho formation for tor- mation matlon at right angle A nice quartz 71 ledge dge was Wa recently cut which was so IO promising that tho company compan Intends hat hatH It H shall have havo further development The Tintic Central Is now for cutting for for- mati mation matlon on the strike of ot which is north tor-I tor and youth outI Should nn anything of great lUce be encountered the East Crown CrownPoint CrownPoint Point and w Crown Point mines would bo be benefited The 1 saying that thal an timer old cant can't como back does docs not apply when It comes conies to the thc mines of or Tintic which has been heen demonstrated time and timo again Among Amon th the thc most conspicuous of ot the Tintic Tintie Tin Tin- tic tie mines which could bo ho mentioned as having come come back would be that of ot tile thc Uncle Sam During the tho past fifteen years cars tho the Undo Uncle Sam am has b been en up an and 1 down don almost almot as man many times as an elevator eleva oleva- tor bo boy Each time when the thc mine has c been worked 1 out out by bythe bythe the wa way Is S not a condition which can b be said aid to exist In the Tintic mines mints owing to the thc formation an and the way in which the ore mal makes makes makes-it It cs-It it has again found ore oro deposits on Oil which a now new life has been beti built hullt until dividends flowed again from Its coffer to the shareholders Now 0 that thc the Uncle Sam company has i T I 1 l Vir li fh Ilio iii IU nf If f Its shares 1 I th the g ground r of ii the thc Ana Richmond i l r o conda conlIn It has greatly added to its holdIngs hold- hold 1 Ings s and Its possibilities for the future t J At the tho present time the Uncle Sam Stun has 1 more than a do dozen en men employed In Inv v PIo prospecting the ground In the vicinity of or the Richmond Anaconda and in the extraction of zinc sine from the Uh old slopes The rho company aims alms to ship two cars of ore ire a month which I is full fully pa paying ing all of Its expenses and mal making ln possible tho the finding of or new nw ore oro without assessing George Nichols ic superintendent of ot tho the I Lehl Lehi Tintic wn wa was in town during the week He lie stat states s that the main tunnel is now no in l lo-JO lo 40 fe feet L. L He lie thinks s the drift I will W Wac have c to continue for another 10 feet before the quartz ledge e is Js encountered Lehi Tintic's main tunnel Is under 1 Ute the tle blowout o an and 1 old 01 workings s of the thc God From til tills tunnel o to c tro are arc being driven one to tho the ii 11 north and aud the other to the east Tho ho ground of or the Lehl Lehi Tintic has quite a C history It was wa formerly the Gold Gol Blos- Blos Hom HOIn an and 1 the thc Nichols ichols group Later I-ater the ld Blo Blossom som was purchased for nn and 1 tHe tue present company formed Considerable Conti Con Con- t i erable ore has been bean shipped from the round ground of this company compan and the present development work vork is aimed to drift in tn nn under r the thc old workings and tap the 1 Vein eln in hopes of getting g a continuation of r i the Ibe old oM ore chute Since S Superintendent Price took charge I he she Lower Lowar Mammoth has been quite a 1 teady eady tead shipper putting out about one r ar T a a. week weh CC of ot zinc ore which is being from rein the Uie 1 lOO and 1800 1500 levels Ic according ac ac- ac- ac cording to th the Eureka Reporter Su Superintendent Su- Su Price states that it has haa been eu fully demonstrated that the workings work work- In ings s on th these se levels Jc arc are in th the same Its fin sure ure In fact this fissure has hM beon been encountered en encountered en- en countered on tho thio 1700 level le where a raise Is Ie now being put through h to the 1500 Mr Price is Ia enthusiastic over O the tho ro which the mine shows for Cor fu future fu- fu future ture turp development both for zinc and lea lead and arid Is to bo be lo congratulated over o the pr profits fUs which arc being made each month The zinc ore which is being mined Is netting the tw company over ocr all aU of ol and treatment ment from fO to POO OO 00 a car Besides the zinc which Is being mined the thc company Is some lead from flom the tue 1 1500 00 le level l to tIe the south Fouth Fouth where hrc a a drift Is l being run to reach the contact Past last experience ence nce has been that where the vein eln strikes the tho contact enlarged deposits bave Ia ve been formed nl un For the past two years sears ears all nI students o of Iron Blossom have havo been thoroughly fa fa familiar a- a with the gold located louth of or the No 10 1 shaft hart In tho the main channel of ot the thc Iron Blossom This slope has ha produced the bulk of ot the tho good ore which has come from the tho No iso 1 work work- Ings inga It I was first dh discovered cred co on the foot COO level Jevel where here it I showed excellent values In gold from rom Jola-rom from which Us Its name comes auel This has been ben mined for fOt a a couple of or hundred feet in length and andIn andIn In the extraction of or ore has raised moreth more marc th than n 10 feet teet where the present excellent excellent excel excel- lent find has been made The Thc vein here where the the good go silver lead lead values commenced com com- to 10 come caine in strong was about ten feet in width hut but has no now widened out outto outto to o approximately twenty feet and is still sti widening out out The latest In Iron Blossom forgetting for one moment the fine showings in inthe inthe the the Is 19 the encountering of the vein vin In on the te ZOO level at the No o. o 1 sh shaft It It Is with wih great pride that tho the shareholders share share- tr holders Jold rl of or Iron Blossom look lok upon their Idol as a 8 past and future producer While hUc the company compan Is not shipping to toay today today to- to day ay more moro than half halt Us Its former tion UOn It Is in a a much better beter position from froman froman an nn ore standpoint to ship heavier ler than ever e before This is h owing to tho the wa way the aro are enlarging in size an and tho the good returns which are atc being realized from the thc development de work worle which Isnow is isnow isnow going Tho of oC now on reserving tho the lower grade oro ore Is an economical pol policy C which wl the company has adopted which vill bring bring- to Urn the shareholders much more moreIn moreIn morein In return for tor the same class clans of ot ore than could rould bo be gotten goton from tho the present mar mar- ket leet The encountering of ot tho the vein eln on the 00 level Is sufficient cUt cause for tor the advance of ot tho the stock which v. ha has occurred during the past pat few d days Eureka Eureka Hc- Hc porter V V ORE SnIPE TS Park City Nov O 16 The The ore shipments shipments ship ship- 1 ments merits for tor the week were Silver King 1 Coalition Coalton pounds Daly Judge Daly Dab West st total 3 i- pounds CON MERCUR ISSUES ANNUAl 1 Still Sti Covering Expenses but Search f for r New Mine Is Unsettled Consolidated Mercur Gold Gol Mines company com corn Issued Its tv annual annual an an- an- an pan pany yesterday 15 nual report report for for the thc year ending Juno 30 30 1912 The Tho assets cover cash in iii bank lank surplus on 01 hand hund 52 1 and others totaling while hlo the liabilities arc are hilt but ut 33 President John Dem's Dems report Is as fi fo follows ow Thc results of ot tho the years year's operations and the thc present financial condition of ot 1 the thc company are set et forth In amplified detail In tho tito appended report of ot the tho treasurer and general manager to which your our attention is respectfully di directed In my report of ot a a. year ear ago ajo I ex explained explained ex- ex plumed that the thc compan company's s o operations were vere on a m very precarious basis and that a permanent shutdown seemed Im Im- irn- irn Fortunately conditions In th tho mines minos improved improve cil somewhat for a time and as aB a n result resul the year shows hows an sin operating op op- op- op orating profit of ot over oer I Tho The improvement however was only temporary and anc in a circular letter accompanying ac nc- compa companying II the notice o of tho tIme annual stockholders' stockholders meeting dated May la 11 1 1912 I made the tIme following announcement announcement announce announce- ment meat It I i Is Apparent that unless 3 somo some favorable a development tak takes place In our mines during the tho next few months month wo we will wil short shortly exhaust our ourore ourore ore oro reserves and will wIl be obliged to cease operations before tho the end of the tIme present year ar Developments since that timo have htwe once or twice given us lS some encouragement but It did not last Jast and conditions now are substantially substantially sub sub- the 8 same me as ns th thc the the- were last spring As s has previously been an- an S we will continuo continue to operate as long AS ns wo we can cami cu pi pay py expenses an and i ithen then wo we will wi shut do down n and dismantle tho tIme plant if we can dispose of or It I. I I I I regret that our s search arch for tor a a. Q ne new mine has remained unsuccessful Our plant and equipment would be very er valuable If we wc could continue to use It b by removing inS romo It to another r property If I wo have to dismantle It and sOIl sell SEI It as second hand hand machinery it will wil of or course cours have havo to be disposed of at a sacrifice Financial Statement In General Manager G. G II 11 1 Dem's Dems re report report report re- re port the following financial report Is given riven Oro Gr value aluc of or produced 4 U from rom otter sources our s Gold Golc Belt Water comraD com corn raD poeT pany Ground rent t Unclaimed pay checks eb Cb-eb i S Sale of Manning DIU assay office oUke I no M S Total Tott 1 tG L te operating I cs Mine loe 3 dumps SSi Mill Manning tasea 1911 e 01 lo loss Ios 1513 Total costa coats coatI s. s j O C Net et earning for the te year rear Pio sale le e l lot 2500 o J S from tm last lut annual report 7 V I M Less Les depreciation written off oft Stores 1 Manning Hanning L lock 1 3 S 40 J 87 9 Le s No o. o 27 Pal Balance of or assets June JUDe SO 0 0 1513 12 j S UTAH CON GON FAILED TO RESPOND B By Bad Badger er Bros Private Wire ire Boston oston Nov 16 Coppers Coppers opened slightly oft off but the tue un undertone was strong trong Prices Pries after reacting 4 1 to a a. point rallied casU easily Large sales of ot metal metat met met- al at are arc expected the coming week to together together to- to Jeth gether r with increase in Quincy dividend which will wi stimulate the time market to activity ac ac- ac- ac and higher prices Utah Consol Consol- Consoli dated does not respond to its recent It declaration of dividend United States Smelters Is well weil wel supplied on all strong spots pots Market closed with wih a a. good bood al feel feel- in ing Hovey Kenny Konny CoNe Co Now New York Nov O 16 ln 16 In the two hours bourn trading to today ay tho the stock market proved pro to be an n act active one d ar-d ard giving some surprises surprises sur sur- In the time trend In Earl Early dealings were Cle largely influenced by y not only th the re report report re- re port of tho the breaking of the armistice abroad but th the announcement overnight b by Pre President elect Wilson VIlson lson of an on ear early s session of Congress to lower time the tariff Botu these factors had the time tendency of or creating many new bears and stocks were vero freely freeh sold Rold In tn the tIme first hour hOU b bv by this element elemont But In the 1 last hour a. a a n acom com corn reversal of ot tho the early movement oc occurred occurred oc- oc and the market cl closed ed at the best beet figures of or the da day in good volume of or business There was no news to change the trend of ot prices and tho question arises arles if the movement was vas not entirely manipulative from banking sources ant important court decisions next Monday Swain New York Nov No 16 There Thoro Thoro were no features In tO today's lYs lY's market Prices of or the copper mero practically cd d. d Braden sold at nt U tl on small smal trading trading Fo Fay OHIO COPPER MILL HANDLING 1800 TONS U Supt W W. A. A Kidney of ot the Ohio Copper Mining company W was In iii Salt SaI Lake yesterday est returning to the plant at I Lark ark after atter having ln been in consulta tion with wih thu loc local l office Tho The mill rm 18 Is now handling approximately 1800 isco tons of or ore tal dally daily The Ilie he ore is maintaining about its is average cragO copper content As 8 th the force at tho time mill mt is increased the time tonnage will Wi be bo brought up to normal which is about aboul 2500 tons dally daily daly Its us It max max- will be bo well wel over 2000 tons BONNEVILLE TUNNEL HITS LOOSE QUARTZ With Ith a length of or 3 00 and vertical al crl depth of ot n near ar 1000 feet tho the tunnel project between Provo and continues to interest t. t A A. ani littie lit lit- tie tle le stir sUr was caused a I few days ago when lt- lt the Limo work cut a n fissure of loose quartz quart and ledge matter mater U ii proved to be only a foot wide with wih the tho I adaman daman- c tine uio quartz on the time other side Bide Samples cs havo have been sent out for assay a I 4 4 4 4 4 II 4 ORES CUES AND AD I 4 Smelter settlements by MCCornick Co 1 Ores bullion lulon Silver was 6 62 at 3 t 4 copper Cathodes 4 Ne New York 1745 lead 47 4 Weeks Week's totals total Ore 4 4 4 H t t t. t 4 4 H A 4 V HOPE MINES CO IS ORGANIZED Takes Over Valuable Claims in hi Wonderful Mother Lode of California Articles s of ot Incorporation of or the Hope filed Mines Unes Development company compan wore fled yesterday with wih tho time secretary of or and n county clerk cerk There are Arc rc shares of 1 1 par value of or which shares are arc left in the time treasury The Thc Incorporators aro George Geore T. T Sten- Sten of or Morgan oran City Utah Serge Sergo M. M I. I 1 1 V. V r a r TT r h vt T n t Q JC UIL 4 U. U CUI U I City Tho o officers aro are Theo Thee W. W Yo Whiteley White White- Icy ley president Wendell rendel P. P Sla ton Slab ton first vice Ice president William I 1 am J. J Weaker Leaker second see see- ont ond vice Ico president F. F O. O Horn secretary secre seers tary C. C W W. Johnson Johnton treasurer Dr K F. F C. C Dunn lunn Fresno Freno Cal CRt director James Holte H. H Wolfe Salt Lako Lake director Tho general office will Ivill 1 bo be e at tIme the Judge building this cl city t Tho corporation is formed forme as a a hol holding m company to develop several groups of or mining claims in Tuolumne county Cn Cal Tho The initial work is being done on time the Hope from which was as taken above the tho GO level Tho The history of oC th the Tuolumne count county section Becton of ot the time mother mothe lode on this timis property Is located Is interesting and furnishes tho time |
