Show current comment on utah s mines ines and prospects Pros but few realize that within a few short miles of salt lake city some of the greatest and most scientific mining in the world is being performed if the fact is generally known it is not appreciated for little is said about it and the papers are filled with remarkable mining achievements elsewhere to the neglect of the more remarkable events transpiring at our very doors for the past few months the utah copper company has been mining and milling the overburden which caps the immense deposits of porphyry ores the handling of this material was never included in the original working plans as the material only carries one per cent and less in copper values but as this capping had to be removed from the ores below and as the handling was an entire loss the management decided to turn this waste into account one per cent copper rock with the price of the red metal at 12 cents per pound would yield if the saving were per cent mining and milling this grade of rock and at the same time keeping the earnings above the dividend requirements is a feat any company might well feel proud of quite a little stir has been created in the affairs of the columbus consolidated over the late developments in this alta property although the ore has been opened for some time the limits of the body have not yet been determined it is said that in n one place the ore measures the full width of twenty one sets of timbers or approximately feet in another portion of the workings a full breast is exposed measuring twenty five feet the rock as it is broken down represents good shipping values and as a result the management is preparing to greatly increase the output one of the encouraging events of the past few weeks is the return of the daly west to the dividend list this company which has a record of over five and one half millions in velvet money did not share any profits during 1908 and the prospects of the resumption of regular disbursements is most welcome to the stockholders the current dividend will amount to to be paid on april and this is regarded as the quarterly rate to be adopted the company is on a sound financial footing and in shape to operate at a good profit so substantial dividends ought to be the order during the next twelvemonth followers of the stock game have been initiated into real high finance during the past week the particular attraction has been ohio copper and its spectacular jumps and declines have been such as to almost cause nervous prostration among certain of the following it is understood that the insiders have decided to boost the issue to 10 10 at which figure the bonds are to be floated it has been apparent for some time that someone was standing under the staci stock as it has been forced to a steady advance the interest has not been entirely local however as numerous orders have been coming in from the east from this source a neat little game was framed up on the local brokers when orders here had been filled and drafts made on the eastern buyers they were invariably delayed a day giving the purchaser a chance tomake to make a scalp on the rising market without investing a cent when the local traders awoke to this fact they refused to fill such orders and with revengeful purpose the easterners immediately broke the stock from over to it has recovered somewhat and the game is still on A section of utah which is surely destined to become one of the active mining centers of the west is to be found in the clifton and other districts in the deep creek country not a single mining man who has visited this region but has come away enthused with its great possibilities gold silver copper and lead seem to be most generously distributed there but the distance to transportation facilities has haa heretofore kept development down to mere prospecting now that this has been done and the merit of the country proven it will not be long before deep creek is making the big noise the tintic gintic district is fairly alive with active operations and reported strikes are as numerous as the flowers in may the colorado keeps pegging away piling up the dividends while the many claimants for the extension of this famous ore body are strenuously trying to prove that they are the little brother of 0 f the big mine it is reported that the iron blossom has encountered ore in a new place making four exposures of pay rock now opened in the mine interesting developments are being carried on in the deep levels of the beek beck tunnel A N holdaway formerly general manager of the sioux consolidated and who but recently examined the beek beck is reported as saying that a great fissure had been encountered d on the 1100 foot level which looked like good ore but that the values were small it is his opinion that the beck will get a fine ore body on this fissure with a few hundred feet more depth the copper furnace at the tintic gintic smelter was blown in last week and has been running steadily since that time the daily capacity of tons will easily be filled from the many mines in the district j T the changes being made on the fink 4 smelter at garfield are almost completed 11 i and before long the plant will be started on j a continuous run using oil as fuel it is understood that experiments will be carried on with all classes of ores and the useful I 1 range of the furnace determined we are awaiting word to the effect that all arrange 1 ments have been made and will then witness several extended runs at the plant from the southern portion of the state come reports of great progress and this summer should see a heavy production from I 1 that part of the state in beaver count county y the activity seems to be concentrated while the outlying districts are getting gettin into I 1 shape for the seasons work the weather has moderated to such an extent that operations can be carried on with slight hindrance the cedar talisman in the star district is preparing to do some extensive work at once from the past record of both and with their combined resources it should not be many months before this thi swill will have to be reckoned with as one of the large mines of the county at the hub in the same section the management has been blocking a large amount of shipping rock during the winter months and will soon enter the shipping lists again others in the same locality are in prosperous shape and beaver county will be as active as a beehive within a few months now the southern oil fields are beginning to attract attention again just how the washington county field is panning out is doubtful as the reports from that section have been very meager during the winter wayne county seems to have the popular call now much capital is going into that section not a little of it being represented by salt lake interests plans for extensive drilling operations are under way and the field is to be thoroughly tested there is little doing at present in the northern part of the state but we predict that this country will be a center of great interest within the year the park valley section embraces same some exceptionally fine territory although it seems to be very much neglected just now the sierra madre count country ry north of ogden is going to be heard from and we believe in a most sub way when the late snows have 11 gone off there should be considerable prospecting in northern utah 0 the pioche golden prince company of pioche nevada recently purchased a compressor and power drill equipment in salt lake |