Show current comment on utah s M mines ines and prospects I 1 conditions remain practically unchanged in the leading mining camps of the state although prospects are excellent aoi foil increased activity during the next three months As a rute rule there has been an increase in ore shipments and exten extensive sive development is the order of the day in mining share circles there has been a decided depression and the market has been dull and inactive why this condition should exist the public is at a loss to decide and for the reason that stock in big companies whose mines are more than ever productive and which are paying regular dividends have exhibited a loss of from a dollar to three or four dollars a share conditions in the east seem to have a decidedly bearish influence on mining stocks and yet at the same time more big capital is being interested in mining properties than ever before mining at bingham the big mines of bingham without a question of doubt are holding their own in splendid shape and this promises to be a very active season for this grand old camp the starting of the ohio mill on a larger scale has had a tendency to increase confidence in this proposition and the work being done by the utah metal will doubtless make some very important and interesting disclosures before the summer is over the utah consolidated it is believed will soon be on the heavy producing list again as the tramway between its mine and the international smelter in pine canyon will soon be ready to go into active commission in current comments in the last issue of the mining review a typographical error gave the march output of the utah copper as three million pounds in reality the production was over eight million the net profits for the month amounted to and the net profits for the quarter were without taking into consideration the quarterly dividend received from the nevada consolidated company the utah copper is now preparing plans for the enlargement of its arthur mill formerly known as the boston consolidated the company is also arranging for the bu building iding of a railroad of its own to connect its bingham mines with its garfield mills and the contract for grading has been let to the utah construction company the road will be built by the bingham garfield company an independent corporation with which the officials of the utah copper company are prominently identified the road will be a little more than seventeen miles in length with a maximum grade of 2110 21 2 1 10 per cent i 2 I 1 in n tintic district some sensationally high grade ore has been showing of late in the workings of 0 the lower mammoth the ore shows native silver and native copper the rich stuff comes from the large body of good ore exposed between the 1700 and 1800 levels it is not intended to convey the impression however that the ore is all of this high grade for it is not but it will sweeten the whole mass and is an encouraging cou raging feature in mine development and operation the iron blossom has been making shipments of gold ore recently encountered and while it is not a high grade product it can be handled at tl a profit it is believed that this new find is in the colorado ore channel in the tintic gintic standard two new channels or fissures have been cut on the foot level the fissure in the west drift is described as being particularly promising and the company is feeling much encouraged the colorado is maintaining its regular shipments as is also the mammoth and grand central the centennial eureka leads the district in ore production the uncle sam and may day are reported to be looking exception exceptionally ally well while some excitement exists over ov erthe the very favorable showing in the eagle blue bell park city dividend on the dinst the daly west of park city will pay its regular dividend of 30 cents a share or in march the company reported net earnings of while the dividend requirement was but the company is now more than earning its regular quarterly dividends and at the same time it is building up its surplus the company recently issued its annual report it is reported that the daly judge since the adoption of electric power has been doing some very satisfactory work the american flag also is in excellent condition as are also a number of other important properties in this splendid camp for the week ending april 9 the ore shipments from the park were as follows silver king coalition pounds daly judge lb founds the daly west failed to appear in the list as its mill had been ca c ased down temporarily and bad roads prevent edthe little bell from entering the market the south dakota expects to resume operations in the very near future while anticipations run high as to the outcome of development work on the east carbonate something doing in beaver the outlook for the mining interests of beaver county is most encouraging ani ana more strictly first class mining Is in pro gress in that section than has been the case for several years past among the star attract attractions iong in star district at the present time is the cedar talis man in the workings of which on the foot level a body of high grade silver lead ore has been uncovered the same ore body is showing on the on the level the drift is being run for the rich zinc ore for which this property is noted the red warrior mention of which is ia made elsewhere in these columns is showing up wonderfully well and should make a great dividend payer when the management begins heavy ore shipments and this can be done in the near future as the ore bodies are large and are being well developed ve loped the moscow adjoining has developed into a bonanza and this mine according to the company mana management ement will soon begin dividend payments among the properties undergoing active development are the king david near the cactus in san francisco district the ready pay and the peacock copper in the last two a great showing of ore is reported the ready pay having recently made a discovery of ore near the surface some of which assays essays as high as 57 per cent lead and 1 ounces silver to the ton at the cactus a force of fifty men is employed and this is being increased right along the beaver carbonate in the near vicinity of frisco is looking extremely well and should give a good account of itself when provided with milling facilities the majestic is making continuous shipments of good ore and it is reported that the company is now on easy street over in the indian peak country beaver county the utah gold copper mines corn com pany is pushing development work and the management is now making arrangements for the installation of a 50 ton mill on the j ground three fine ore bodies have been opened up in company ground and this will concentrate into a product brodu ct which will stand freight and treatment charges and still yield a handsome profit to the company in the same neighborhood is the erie a new proposition which only began wo work rk less than n two months ago but which it is understood has already made a most encouraging showing the gold springs mining power cam corn pany operating at gold springs in iron county expects to have its mill in commis sion by may the company is operating its jennie mine and it is stated that new ore is being put in sight the powe for mill and mine will be generated at th cheji companas company comp anys new power plant at modena th chwi new power plant pant is one of the best of ita it kind ever installed in this intermountain niter mountain region american fork canyon this promises to be an active season in american fork canyon and already a great deal of work is going on in the district in the pacific mine there is showing up an ore body which promises to prove of the utmost importance beginning with a stringer this has already widened to six inches that assays essays 42 per cent lead and ounces silver at the dutchman conditions are most favorable A carload of ore was recently consigned to the salt lake smelters shelters sm elters and more will soon follow the mountain dell is also looking well and its owners feel much encouraged |