Show I SOUTH UTAH I MAKING MONEY OUT OF lEASE Reported on Hand and More Moie in Prospect Relative to the tho old Newhouse or South Utah mino in western Dearer Beaver county count which is said to havo have cash funds on hand hanl now and anticipates anticipates antici antici- pates clearing up about out of ot the time present leasing operations tho the following following fol tol- fol- fol lowing stor story is given shen out by tho the Denver Denver Den Den- ver Yer Mining Record The TIre South Utah Mines and ant Smelters company compan was Incorporated under tinder tIme the laws lass's of or Maine in 1909 1009 with a n capital stock of shares 5 Stock Is listed in Boston stock exchange and New York olle curb Property consists of or thirteen claims patented Oi acres cre with wih miscellaneous holdings Including tho the MIdvale ale Jd placer pincer acres water wlter rights at Walt Wah Wan Wah ah Springs SprinGs mill mi town sites sies and grazing crazing crazinG I i I lands total holdings of ot acres Tho The property wl was formerly known as ns the Mines antI Smelters Smellers compan com corn pan pany panl Under tho the old the property was a small smal producer There Is 18 at present In the mine asmal a small smal tonnage of or low Jow grade ore which even en at lt tho ho present market cannot he handled a at a n profit except b by the re rebuilding rebuilding re- re building of ot tho the present mill mi and equipment equipment equipment equip equip- ment of oC flotation units unis Tho The oro re reserves reserves reserves re- re serves do not M rt t present we wo understand understand under under- stand warrant this expenditure We re understand there thero Is upon the property a tailings dump of ot almost a million tons carrying less than three three- fourths per cent copper This dump cump Is tho the accumulation since the commencement commencement commence commence- ment mont of or mill mil operations At present this dump clump la is being treated b by leasers on a royalty basis Mid these royalties will wi probably total about durInS during during dur dur- ing InS the tho next two years ears and wilt will wi be amply amply amply am am- ply sufficient to to pa pay all nI costs of ot maintenance maintenance main main- and taxes together with wih such development as lS may seem desirable front from time to time The Tho leasers aro are at present we are aro advised ad fairly successful successful success success- ful lul In their treatment of oC tho ho tailings anti and in the tho future a process may be developed de tie- e- e which will wil enable the company to commercially handle Its Is present low grade e ore The company's water supply at time to time to other companies In the Newhouse Is ii only being partially util- util In the treatment of ol the tailings dump and a small smal portion porton of this ex excess excess ex- ex cess cess wo we understand underHand Is being sold Bold from district Tho The company Is at t present free tree from debt and has about bout In tho time treas treasury r The Time office Is at Broadway Broad Broad- way New Ney ew York I I |