| Show TK ON UTAH UTA MINES M Salt Laker Laer Is I Interviewed by Boston oston Publication I Colonel Nicholas NIchola president of the te Wabash company has been in interview In Boston by the Boston News Bureau which says sa s I Mr who ho rha has boon been bon identified with wih Utah Uth mining prop properties or fe for the past years ana and Is at the present time associated with Mr r W S McCornick in mining enterprises is in Boston He says Utah has more dividend paying mining properties than any other state tte in the Union and it i is is fast pushing to tote the te front as a a a copper producer I con congratulate congratulate Boston In being interested in int t three such worthy properties as High Highland Highland Highland land Boy Utah Uth United States Min Mining lUn lUning Mm I ing and and BIngham BIngha Consolidated Their values and prospects have not been overestimated They Tey aU all have large J and valuable ore bodies and ad copper can cannot cannot J not go low Jow enough ft fl i price but what Il these three properties will wili wi be b able to tomake toI I I make money for their stockholders I I t fr Jr r If copper goes low enough to shut shutdown shutdown I Id down d wn the te Lake Le Superior and Butte Bute I mines the have nt gold and silver sUver byproducts to see them through With Wih the properties controlled by byj byi j i 4 the United States Mining company in including including eluding the at Tin Tintic Tintic tic tc which has richer rice ore bodies opened up than tan existed when the te former man management management management took t out OIn In dividends eds and with a complete smelting plant the equal of ary ariy atly In tie the tie country countr I believe beleve the United States State company Is good for net e earnings of per month or per annum Other copper properties in Utah will wi be heard from which are not in inthe inthe inthe the BIngham camp ca p Samuel Newhouse has a valuable one In the Cactus in Beaver county This property has well wen developed ore bodies carrying 4 to 5 per cent copper with wih gold and silver siver values value He Is going to build a 1000 ton concentrating plant plan which means that a a smelter will wm follow foU The Ma Majestic Majestic jestic property fn Beaver Beav r county over ver which William A A Farish Parish the Denver D mining engineer presides preside is Js building b a smelter and there is every ever prospect here of a big copper producer Then there is the Big Cottonwood company at Park City in which I am interested int We have ore bodies forty to sixty sixt feet tet wide that tat will wI average 6 to 7 per cent copper and 2 to 3 per ton in gold and silver silverA siver siverA golt A copper coppel property whose ores con contain contala tain tala substantial values In and sli sliver 51 sliver ver is the property to tie te tp and that thatis is why I believe bel that Utah Uth will wm take its it place among the leading copper pro producing producing producing states In inthe the Union Our cop copper copper copper per properties are but buta a few f years old old being beng yet in the development stage but buta a few years hence Utah will wi surprise the country countr with wih her hr copper oppe production production tion ton I The he Park City camp thirty miles mie from Sal Lake City is the big camp of the state with its is Ontario Silver Sive King and oth other er properties Thes properties are principally producers at the present time but they have paid 28 in dividends The Te aly West is paying dividends of per an annum annum annum num as is the Silver Siver King ing and not notwithstanding notwithstanding withstanding the decline in the price of silver siver these mines are earning a sufficient surplus above their present dividends to warrant w the te belief belef that the th Current rates will wi be continued The in which Boston is interest interested interest ed has between seven and ten years yeara year of ot o ore reserves blocked outS out It I has on onore onore one ore chute 1000 feet long that will wi av average a average thirty feet In thickness It I is shipping tons of ore per day which will wi average 30 per ton In value This property Is 15 developed d to a depth of ot o 1600 feet feet I 1 own a controlling Interest In the Wabash property prop in this camp which adjoins the Ontario on parallel veins and I believe beleve this property covers the eastern extension of oC the Daly Weft We have a shaft down d wn 60 feet and I will wl drop It to the level The Amalgamated Copper company I has been a great load on on the legitimate legitimate I mate miner It I Is like Uke a great g at ship at sea without a rudder It Is capital capitalized capitalIzed I to death and while hUe Its Us manage management management i ment may be wel well v ell versed vered In Wall Wal street tactics it has many things to learn I about legitimate mining I r am reli reliably ably Informed that tt costs costa the Amal Amalgamated Amalgamated Amalgamated companies in jn Butte between 10 and 10 cents per er pound to produce copper and there Is certainly no big money for it wih with present prices for I copper especially when it i has to dis distribute distribute tribute tion of net earnings earing over a capitalization |
