| Show INCREASED PRODUCTION ENLARGED DIVIDENDS Mines of W h Have Had Most Prosperous Ye Year r in Their History The Industry rJ Slows Shows Gains Gans in All AU Metals Except Gold and a aNet Net Gain Gam in All AH Allf l f 4 1901 1900 19 O Ot 4 t Ml Gw 7 O Ou Y u G a G a tty y 4 4 3 4 4 rW t H 8 3 r ad e u u 1071 4 1 1 b t yb r et ef f the MW nsw century ce TB I dole do e with IUt a record in tn the m lii liila ia la Industry of 0 Utah of which willen the std state rosy may well welt feel proud proad The rapid decline decil in I the ett nc price prk of lead sad and dyer together t er With the unsettled u us conditions surrounding the copper market hits has h s had t the affect of reducing the confidently looped looked forrd forward for forward ward rd to last lut June JUDe hut but It R IK la sate to nay Bay 1 Y that Utah gains goals will rill compare favor favorably favorably favorably ably with those tho e of or any all other producing section of oC the tM west and aid all things considered It ft will enter upon i the new y 1181 ar er better prepared than most mo t of f Its Us neighbors neighbor bors to make ke it a record er The Tile year ear cloves closes as u it began among the toilers toller Jn in n the mines mills and smelters with the utmost good feeling and every ery operator rejoicing in the knowledge that and contention have found no place in the ranks rank of those who woo have made it possible po for tor forthe forthe the companies engaged eng ed in making the earth yield up its imperishable treas treasure treasure ure urea to do so 80 at a profit Nothing will give greater emphasis to that t statement state statement ment than to explain e plain that the divi dividend dead record during the past year was nearly while during the year previous it was only onay S New Dividend Payers That the mineral production did not Increase Jn in aa as great a ratio a u ae the dividends dividend is accounted ac for by the fact that accumulated reserves re erve were in some SOIne instances not drawn upon and the further fact that in the case C oe of two or three properties the distributions were made possible through the tk sale ste o 0 of mines In addition five or six nix new DeW contributor contribute entered the lists The states total tot production as Ii shown in the table compiled complied by Harry HarryT T Duke cashier at Wells Wet Fargo Fal FalCo do doCos Cos Co hank bank from data supplied by the producing companies and the smelters sm was wu as against a 2907 in MM 1711 u the increase being JUMS 1569 1671 1111 Only in Gold Geld Gold was the only metal in m which a falling off elf in ht production occurred ur The decrease in that amounted to and ad is k accounted for chiefly in the de der r output of the Grand Central and Mammoth mines owing t tit to the Ute litigation in which they are involved Copper production has increased by leaps leap lea and bounds and aDd the local 10 1 smelt smelters ers era haw base ha handled nearly ne I pounds more of it than they did in 1100 while the e value slue of the product wa waa u as 8 against an increase l of l SO The total number of ot pounds produced was Wd 27 7 2701 as a against in 1900 Park City Bingham and Beaver coun county county county ty mines woe being credited with the added amount DL I The production of lead leat increased ed 2 I pounds and silver sUver 1 15 4 ounces the increased values being re respectively and ll The growth of the mining industry during the year is n t adequately ly illus in the tile increased l pr production not Hot even in the realm of copper ea per where when the thet greatest t strides forward have Den beeR made and aIM while nearly every feature is exhaustively handled in the accompanying pages a brief mention of the themore themore themore 1 more important advances will not be out of place With the completion and enlargement enlarge enlargement enlar e ement ment of the t Bingham BI ham Consolidated smelting plant an immense tonnage of ores that formerly found a 8 market outside of the I state tate have been handled at home with a net saving of no small amount MOunt in the aggregate to the producer With the completion c of the American Amerlean j t cem new W plant and the United States new works both scheduled to occur during the I next six months all previous records for production and reduction will be made to look small by comparison on The plans plaits now being formulated by Samuel Newhouse and the other operators opera operators operators tors in Beaver county Bingham and promise much for the immedi immediate ate future and while it is not expected that the th dividend record will be materially ma materially materially increased the production and opening up of new mines will lay the foundation for magnificent earnings in inthe inthe inthe the year ye r to follow Park City Leads As was to have been expected Park City again agala carried off of the prize for first place and with her advantage in the theay way ay of development and equipment she may be counted upon to hold bold the medal for tor another twelve months Then Thin she will have hae to look took well to her laurels for Beaver Tooele and Salt Lake counties will each be crowding her ber close closeDown closeDown e eDon Down Don in fu the county the mines of the Majestic Maje tlc Imperial Horn HornI Silver Sliver Blackbird Bluebird Montreal I Copper Ranch and numerous other companies are rapidly nearing the point where they will contribute thousands thousands ands of tons tens monthly to the states I production while Mr 11 Cac Cae Cactus tug win wilt be in shape to provide a ton tonnage tonnage nage demanded of ot it before the Ute close of the year In Bingham the United sta com company company company pany the Bingham Consolidated Tin Oc Ie Mining M nt r A di Development Boston Consolidated and several other big eon con concerns cerns ceru are ready to more than double douWe u le lethe the t t of oC that camp Mines Over Osei lr 14 Tooele county count the old Hon Honerine Honerine erine Brine has hundreds of or thousands of o tons of ore blocked out and immense hoisting works and great avenues through which to handle the output are being provided The Ophir Hill Montana Consolidated Galena King East Honerine and other properties are all aU either making or preparing to make great records while in Tintic Little Cottonwood Stateline Gold Mountain and other sections motions telling work is now under way mining industry indu try has nu made great headway during the past few years but it is still in its swaddling clothes Watch it Jt grow w and ami thrive during daring the next two years |
