Show current comment on utah 5 mines and prospects elects this is the season of good will and expressions pres of friendship congratulations and well wishes for the past two weeks salt lake has been thronged thron ged with visitors from the various mining camps and many have come in to spend the holidays with their families relatives and friends all of these have been in the best of spirits for times have been good in the leading districts during the year 1909 while the outlook for the new year is bright and rosy with anticipation A vast amount of money has been circulated in utah camps during the past year an immense amount of work has been accomplished complis hed in mine development operation and equipment and the pockets of the miner the engineer the foreman superintendent and manager have been benefited by this activity while as for the stockholder they are rejoicing over the fact that they have participated in the seven million and more which have been disbursed by utah mines and smelters shelters sm elters in the shape of dividends in park city park city has been a heavy participant in in these dividend disbursements and the people of this splendid camp are feeling in the best of spirits As usual the silver king coalition came to the front with its regular quarterly dividend of fifteen cents a share or and it is reported that the ore reserves in this magnificent property are so large and genei generous so rich and almost inexhaustible in quantity that dividends are assured for years to come the jhb daly west has also responded with its regular quarterly disbursement of thirty cents a share or in this mine also splendid ore bodies are in evidence and especially ally is this the case on the 1700 foot level where in places the pay mineral zone is twenty feet in width from this level a is being sunk to the 2100 level and this is being sunk in a great body of high grade milling ore the extent of which has not yet been determined the little bell also has been heard from in the way of dividends and it is learned that the mine is in fine physical condition while the company is in good financial shape the silver king Con consolidated sofi under the same management is continually proving up its ore resources and results are most gratifying so much so indeed indeed that the hope is expressed that this mine will be on the dividend paying list before the close of the coming year tintic gintic prosperity tintic gintic district ranks second in the way of dividend payments during the year 1909 the snow is deep in this great camp but the people there do not mind it for they are walking on air or words to this effect for they see a future for the district which is calculated to lead to the belief that tintic gintic operators will in time all become millionaires the mines of the camp are nearly all looking well some have magnificent showings the most attractive being in the cen tennial mareka where it is claimed is in sight the reader is not asked to accept this statement and we will not swear to it but it is believe able and will readily be taken as a fact by those familiar with this property the showing in the centennial eureka may have some bearing on the late flurry in apex stock the apex adjoins the C E on the south on the 2150 foot level it is stated the apex is drifting both north and south on what is believed to be the centen nial eureka fissure and while no ore is reported as having been encountered as yet manganese and iron sulphides sulp hides are present with every indication of the near presence of an ore body apex has been the most active among the unlisted stocks of late and it is quoted at from 30 to 36 cents a share the tintic gintic standard has cut a new fissure on the foot level and while the vein matter does not carry pay ore it shows values sufficient to lead to the belief that an ore body is in the near vicinity and efforts are being redoubled doubled re by the management so encouraging is the showing in the provo mine in east tintic gintic section it is reported a seven foot body of ore has been exposed on the 00 foot level going 32 per cent in its lead content north tintic gintic is also showing up well the scranton is shipping heavily and will make a great record during the coming year at the aurum work has been begun in earnest and the possibilities are said to be most encouraging interest centered in bingham bingham took the lead in the way of dividend disbursements for the year among utah camps the record will be seen elsewhere in these columns while the sum runs up into the millions it is safe to say this is 19 but a promise of what is yet to come the proposed merger of the utah copper and the boston consolidated is still the chief topic of the camp A meeting of utah copper stockholders is called for january 6 to authorize an increase in the capital stock of the company from to 2 shares this for the purpose of taking in boston con at the rate of one share of the former for two and a half shares of the latter As for nevada consolidated coming into the merger this question is yet to be determined nevada con seems to be adverse to the proposition and this sentiment is seemingly shared in by utah copper and boston con shareholders as no special advantage seems assured by the entrance of nevada con into the merger ext A this meeting the proposition of increasing the capacity of utah copper plants from to tons daily will be considered si the utah metal company is preparing for an active campaign of development and machinery is now on the way for the hydraulic and electrical equipment of the com banys property which is under the supervision of manager S H treloar th tire e ohio mill is running in a very satisfactory manner according accord ng to recent ad vices it is possible that ohio may go into the utah copper boston con merger no agreement has been arrived at as yet but it is reported that a tentative offer has been made of one share of utah copper for six of ohio it is also stated that ohio has tons of ore in sight which can be treated at a net profit of with copper at 13 cents the ohio copper has shares of stock outstanding and six per cent bonds which are convertible into stock at par 10 at the option of the holder in beaver county favorable reports continue to come in from beaver county the red warrior is holding its own and is increasing its visible supply of fine shipping ore the moscow is shipping steadily and the mine is getting bigger and bigger all the time the commonwealth still exhibits all of the earmarks of the making of a big mine and throughout the county the showing is such as to lead to the belief that the coming year will bring to the front several divi bend payers the cedar talisman is getting ready for ore shipments and is now filling an order for tons of 40 per cent zinc ore under contract to knight warnock ore buyers of salt lake here and there the superior vuel fuel and briquette company of coalville Co alville has begun the shipment of coa coalette lettell to salt lake in the neighborhood of tons of slack coal is being daily and this product as a fuel is reported to last 50 per cent longer than an equal weight in soft coal the company of which J H durkee is manager is also shipping about tons of lump and nut coal daily the boston sunshine of camp floyd district was also to the front with a christmas gift to its shareholders con editions at both mine and mill are reported as being most favorable and satisfactory the columbus bonso conso consolidated li dated at alta continues to improve with development and notwithstanding the deep snow and the condition of the roads the company is shipping about sixty tons of good ore daily from upper alta comes the news that the utah amalgamated has a full face of high grade silver lead ore in its tunnel R H strickland manager for the company brought thea the news down in time to spread cheer among company stockholders ersi a christmas present as it were |