Show REPORT ON U S MINING comprehenSiVe Review of J Park Par Findings I fl Js l of or the special report which h c b bJ f t made made by J Parke Chaning i perti M of or the United States 1 1 I ig g company c of Bingham Utah Uth for ford od d Ii lh Lev Lewishon ishon of or New York York show Sow tV t r r I lies Iries to be b in a u satisfactory tate state tateo o 0 d v with wih ore reserves in tUl t thit Hw t should yield a net net revenue or of f l 1000 These figures do doi i Jt t take into account the approximate vaut S to be secured sure from the ore Ole b bl bf be beI l I 1 the tho th levels yet et to be opened up 1 d df der re it i take into consideration the thefts to be derived derive from rot the Iam Mam rn to T th mine mine in Shasta county California v I j h Is ig to be placed on a I 1 p g lasi before the end of 1905 The Deport in full fun which hasP has been giten g exclusIvely to the New ew York Yorki i lal states that the gross value of ot o the ore as fig figured fg figued b by Mr lr Channing has ha a value c f 1 23 2 IS S 8 per ll ton Deducting 1191 per pert er ert t n Ft f for tor expenses expense the net value alue to the company shows show returns There is no now available for to tn ton s of or ore orE above the fourteenth level representing a x net return to the com corn company pany of 20 In sight sight It I is said sid thit th it there thEr is i no reason reon why th t the ore should not continue below the present development as an every eer indication pc pL Plit ints to this result reul The Te present ex cx f action of ore at the rate rte of t ns rs per month mont is not pressing the te and arid the output could easily b be beir Increased ir r ased ed 50 per cent cents As s to the te United States State mines of ot the c n ri pany rany at Bingham the G voss 9 value alue of tf the ore one is put at 66 per ton with wih expenses expanses reckoned at 4 41 per ton thus giving the company a net return of per ton There Is available a for tor in this property tons of sulphide ore which according cording lit to the estimates yield to the company The following table shows sho s the tonnage per pr month which le Is 1 now being shipped front from the te various properties Tons Ton States State S soo Custom ore are Total i The ThE reduction consist of six B furnaces urna s and two converter stands I v hUe bile a seventh furnace is il to be bo ordered I immediately With Wih this battery r the te 1 company will be able to keep kep six fur furnaces furI Dares naces In continuous blast blast The bul bullion I non lion is shipped east est for Cor I tr There have been many rny or en PT encountered countered In I securing the te best b st results 4 from the smelter during the yer but these sa says sas s Mr Ir Channing have haye now been practically overcome The ca capacity of ot the furnaces he puts put at tons per month mouth The lead smelter Is also to become a factor in the com corn earnings A synopsis of or the earnings of the company com pan from its it Utah Uth holdings holding should show a return of ot a month with wih an addition additon profit of of OO from the lead furnaces The annual earning ca capacity of the Utah properties is I given givon at net This figure assumes aume that copper will wl sell sel at 15 cents a pound for the balance of the year ear |