| Show current comment on utah s M mines ines and prospects tintic gintic district this district is probably of greater interest to local mining investors than any other in the state it is meant by this that more people are interested in its mines and prospects there are more shipping mines and more dividend payers the published record of shipments contains a larger list of mines though there are other camps shipping more ore and paying greater sums in dividends the history of the development of the mines of this district is an exceedingly cee interesting one the prospects which have developed into paying mines are many and large fortunes have been made by investing in well selected tintic gintic stocks beck tunnel sold at one time at c per share has sold as high as and has paid per share in dividends colorado sold at lc and went to has paid per share in dividends sioux con sold at two years ago then advanced to after the original purchase price had been paid in dividends yankee con sold at one time at a few cents per share then up to 5 uncle sam sold at one time around loc its high mark has been above 2 dividends per share some years ago one gentleman bought shares of swansea stock at a cost of 1600 dividends and returns from sale of stock at the high price showed him a profit of over in six years these are only a few instances which may be cited and these records may be repeated by other properties the greatest mine in the district is probably the eureka which is owned practically by the united states smelting smelling Sm elting refining and mining company it is claimed by those who are familiar with its development that it is almost impossible to estimate the amount of ore blocked out in ill this property this mine as a prospect was condemned and the owners were discouraged cou raged by their friends and urged not to put their money into that hole in the ground the owners however took out more than in dividends and then sold for a similar sum the grand central company it is reported has secured final payment on the judgment held on the mammoth company the latter is now free to work its property tor for the benefit of the stockholders and this old mine working for about forty years should yield more dividends the grand central is prospecting its ground from great depth one of the promising prospects of district is the gold chain it has considerable virgin territory which promises well the company recently secured the ajax adjoining giving them an opportunity to wo work rk more advantageously in the east section considerable interest attaches to developments in east tintic gintic development provo gintic tintic standard tintic gintic central and tintic gintic combination in the standard they are quite encouraging indicating conditions similar to those found in the grand general and centennial eureka ore zone there has been considerable activity in apex stock on the open board of the salt lake stock and mining exchange this is one of the prospects which has been worked for the past three years with a great deal of energy its shaft has reached a depth of about 2000 feet from which prospect work is being carried forward it adjoins the centennial eureka and grand central park city the daly judge company will issue an annual statement soon that should be very gratifying to stockholders it has made very good profits on the zinc ore the report should show a very good treasury surplus it would not be surprising to see the company reenter re enter the dividend IIA list during the present year the annual meeting of the daly west stockholders will occur next month and considerable interest attaches to it there seems to be quite a strife for proxies during the past year the company has paid from its surplus quite a large sum in dividends shipments from the little bell are netting the company a nice little sum every month so that the quarterly dividend of 5 ac 1 per share will probably be paid in march beaver county within the boundaries of this county there are several mining districts in which considerable development work is going forward and a very large number of companies are prospecting in san francisco district the old horn silver holds the record this mine has probably produced more ore than any other mine in the state claimed value the property now controlled by the beaver carbonate has a record of production estimated at more than the newhouse mine now controlled by the south utah mines and smelter company has been productive of a large tonnage of low grade copper ore it is probably better equipped than any other in the county work has recently been resumed during the past year there has been considerable sid erable prospecting of the black bird ground by means of drills the frisco consolidated soli dated did considerable prospecting during the year and in the kruse shaft uncovered some very good lead silver ore in the main workings on the frisco contact there are indications of the near approach of a good ore body the management expects to resume operations here as soon as the weather is favorable the majestic company is doing a great deal of work and has opened good ore bodies in several of its properties from the hub mine controlled by boston men the reports are that considerable good ore hat has been developed here and some shipments have been made the red warrior and the moscow have each opened considerable high grade and shipments from these mines run very well shoshone quicksilver while the property of this company is not located in utah it is controlled and has been developed by salt lake men and capital much interest attaches because there is so little known regarding the mining ng of quicksilver ore and production of the metal A good quicksilver mine is better than almost any other metal mine such mines are somewhat rare there are several in california the most noted ones being the new almaden and new idria now working on ore that runs one fourth to one half of 1 per cent mercury the new almaden has a record of more than in dividends and has been worked since 1824 the new idria has been worked since 1853 it paid a quarterly dividend of 30 cents per share this month the shoshone quicksilver company has spent probably in development and equipment and has opened great bodies of cinnabar cinn ibar which are estimated to be worth from to the property is equipped with nine retorts which have a capacity of less than two tons per shift the company however is planning to put in a large furnace this spring capable of handling thirty to fifty tons per shift on account of the light cost of producing mercury and on account of the grade of the ore this company should be earning at the rate of per month before next fall it is claimed by those who have recently visited the property that there is much ore that will run from 10 per cent to 60 per cent mercury and great volumes of it that will carry from I 1 per cent to 9 per cent |
