Show current comment on utah 5 mines and prospects the active and constantly improving tone of the local stock market is viewed with pleasure by those who are interested in this phase of the mining industry and there is reason to believe that trading in mining shares will soon assume a normal condition on the stock exchange some sensational advances have been noted and in a few instances an advance in prices up to per cent has been noted As a rule tintic gintic stocks have led in the trading and this feature taken in connection with the recent disclosures and important transactions in this popular camp has had a tendency to attract more than usual attention to this favored locality in the snow boand bo and camps there has been some cessation of activity as the danger from snow slides will not have been passed until sometime in march and recent casualties from this source accompanied by several deaths is holding development and operation in check in these localities in tintic gintic bingham ophir frisco and other camps where the snowfall snow fall is comparatively light the mining industry is beginning to boom and within the next few months operations erat ions should be exceedingly active all over the state compromise in tintic gintic for the past few months the indications have been that tintic gintic district would be involved in another apex suit the litigation to be between beck tunnel and uncle sam the beck had already enjoined the uncle sam from the further extraction of a certain ore body and for sometime has been engaged in the running of a tunnel for the purpose of tapping the same ore in its own ground the expectation being that when the connection was made the uncle sam would also enjoin the deck beck people from taking out the ore A few ago the ore was encountered in the tunnel and the public listened to hear so something methin drop but the unexpected happened and now it is learned that the two companies have compromised the matter and that there will be no litigation according to the terms of the compromise the uncle sam will be allowed to mine a certain amount of ore it has opened up in beck territory and will have a right to the use of the new tunnel run by the beck company the beck in return comes in for a big slice of the great and rich ore body uncovered in uncle sam workings with a fine territory of new ground to explore the people interested te in these two properties are greatly pleased with the outcome of the affair and both companies will now settle down to heavy and profitable production it is freely predicted that beck tunnel will touch the dollar mark within the next few months besides the territory in dispute the uncle sam has a new and distinct ore body in one week from the new discovery the company shipped fifty three carloads of ore which netted at the may day a near neighbor fine ore is showing and shipments are being made which averages from to to a 30 ton car the chief consolidated is making an excellent cellena showing and the statement sent out by the company a few days ago should greatly encourage company shareholders at the lower mammoth good shipping values have been uncovered on the 1000 and 1720 levels in the grand central from all accounts a wonderful is showing and the outlook for the company is most encouraging the gold chain is also showing up well two new mergers are on the tapis for tintic gintic properties one of these embraces the consolidation of the tintic gintic empire and the tintic gintic combination while the other provides for the merging of the governor and the dragon in each instance operations can be carried on more economically if the consolidations were eff effected acted tintic gintic district as a whole is in a most prosperous condition bingham is prosperous outside of the operations of the big mines of the camp bingham is showing increased activity and prosperity and a large amount of successful work is being carried on in the development and operation of numerous properties throughout the camp rather unexpectedly a few days ago the bingham new haven came to the front with the announcement of its second dividend of twenty cents a share or the property of the company is reported to be in excellent condition the montana bing ham copper also being developed under the direction of W D bohm has cause for rejoicing as in its long tunnel it has recently cut a second fissure the strike was made at a point 1200 feet in from the portal of the tunnel disclosing a 16 foot vein with one wall in sight eighteen inches of the new find is composed of galena of good shipping grade the balance being of excellent milling quality about the only for the district occurring for some time past has been the appointment of a receiver for the north utah this ground is favorably located and is owned by a big foreign syndicate what the outcome will be will be awaited with interest by many of the leading operators of the district quiet at park city although extensive development work is the order of the day at the leading mines of park city and the usual tonnage is being taken out for shipment the heavy snows of the past month have greatly curtailed surface operations at the little bell whose mill was recently closed down for a season more ore is being raised to the surface and blocked out in the mine than has been the case for sometime past it is the prevailing opinion that the mill will be placed in commission again sometime during the coming summer more than ordinary interest is being taken in the new york bonanza and it is reported that the present showing in this property is better than ever before on the foot level a vein of good ore has been uncovered and the shipments being made by the company are more than paying operating expenses it is believed the company has passed the stage when assessments will have to be levied in order to maintain operations president otto hanke president of the daly judge recently visited the companas comp anys property and it is reported he was much pleased with its physical condition nothing new has been received concerning the new strike in the silver king consolidated but it is learned that ore is being taken out for shipment right aloni along in the cottonwoods Cotton woods since the recent snow slides in big and little cottonwood canyons shipments of ore have been nearly entirely expended at alta the snow is deep but last week an effort was made to br break eale the roads and shipments will soon be resumed the columbus extension being ready to market 0 oer er of excellent value the leaders leasers on the columbus consolidated also have quite qu ce a tonnage ready for consignment to the smelters shelters sm elters the topper bank mining company is a new corporation which will soon begin mine development in the vicinity of the old maxfield mine in big cottonwood canyon the company was incorporated last week with a capitalization of shares of five cents each the off officers acers are H T president W A byers vice dent and J L secretary and treasurer the maxfield mine will soon make a small shipment of good ore to be followed later on with regular consignments consign ments the mines of beaver county are reported to be in good condition and will make quite a record as shippers during the present season the burro just over the divide from city creek Creeke canyon anyon has opened up new and important ore measures of late and the company expects to resume regular ore shipments as soon as the season is a little further advanced |