Show current comment on utah 5 M mines ines and prospects considering conditions from every standpoint and also laying 0 stress on the unusual pessimistic feeling prevailing throughout the financial world it can truthfully be said that the mining industry of utah is flourishing to an extent hardly to be looked for in nearly all of the mining camps regular shipments are being maintained and in some instances these are very heavy the consignments consign ments from the smaller producers being of exceptionable high grade all ot of this activity is having a beneficial benefic al effect upon mining circles and the fact that the dividends paid by utah operators during the past six months are in excess of the grand total for the first six months of 1919 should have a stimulating effect upon the industry notwithstanding the fact that several of our largest and most regular dividend pay ers have been absent from the list so far this season for the first half of 1910 the dividends paid amounted to as against the sum of for the entire twelve months of 1909 and it is believed that the record at the close of the present year will surpass that of 1909 for the first six months of 1910 the record was as follows boston sunshine 8 daly west 1080 00 colorado grand central iron blossom little bell silver king coalition sioux consolidated 29 uncle sam con utah copper utah consolidated united states co victoria 10 and west mountain placer 2500 this is all very pleasing and all the more so when we stop to consider that in addition to the dividends paid at least twenty millions have been disbursed by these companies companes during the same period to the laboring classes the dealers in supplies and mining machinery and in mine operation development and equipment all of which to a great extent has a local circulation pushing work at bingham bangham bingham without doubt has taken the lead in dividend disbursements and the camp is growing in its producing capacity as the months come and go A thousand tons a day in shipments formerly looked big for any camp but when we are told that one mine in bingham the utah copper is daily shipping from to tons of ore to its garfeld one is almost overwhelmed with wonder other companies there are which are also heavy producers in this great camp among the number being the united states and the yampa and the announcement has been made that the utah consolidated highland boy will begin shipping its ores to the international smelter within a few weeks the expects con t on baing that the smelter will be ready to go into active commission by the first of august among bingham mines attracting more than ordinary attention at the present time it is well to mention the bingham copper now actively engaged in extensive and systematic development it is stated that the mine is looking exceptionally well and this proposition is looked upon as being a comer the company held its annual meeting in wyoming a few days ago and it is learned that the enterprise has been successfully and fully financed the tom moore group is also well spoken of the company has also made some changes in its affairs has cleared away some vexing litigation and expects to begin active development work about september 1st ast the tom moore is admirably located having some very high toned neighbors and is expected to make a name for itself with further development and exploitation the utah apex is reported as being in splendid shape and the company is now treating about tons of ore daily at its phoenix mill the concentrates averaging about abo ut 42 per cent lead 10 ounces silver and 10 per cent copper to the ton the mill output is about forty five tons of concentrates dally daily the utah metal is also in a flourishing condition and its future is most promising the mines of tintic gintic the sioux consolidated in its financial statement rendered the of the month made a most favorable showing on that datert date it had in its treasury with six carloads of ore en route to the smelt ers it is learned that tle the companas comp comp anys mine is in excellent physical condition and announcement no has been made semi that the company will declare a dividend at its adjourned meeting on july 1st ast it is also anticipated that the colorado will join the divio dividend end payers once again in july although this is not official the sioux consolidated is reported to be in great shape for future production while the grand central and Vic victoria victoran are looking better than ever before As to the centenial eureka which is undoubtedly the greatest mine without exception in the west today regular 11 1 1 ore shipments are maintained the mammoth and lower mammoth are also looking well and the east dip properties are pushing development work steadily the announcement has been made that the officials of the king william expect to resume operations shor ly upon a large scale T the he king william is admirably located being virtually surrounded by the cen tennial eureka the grand central and the eagle blue bell all three of which comprise producers of s splendid P bendid reputations and if the king william is not on the ore zone many experienced mining engineers are greatly at fault in beaver county conditions continue favo favorable rabe in beaver county and espe especially cally is this the case in star district the home of the moscow red warrior br cedar talisman commonwealth hub and other most promising propositions the mine now most talked about is the commonwealth in which quite recently a body of sand carbonates has been encountered a class of ore which is always counted upon for dividends in any camp the find was made in a drift being run from the 80 foot mark in the main tunnel for the purpose of getting under the old kelly shaft the commonwealth has a large group of claims and has for neighbors such splendid propositions as the moscow red warrior and the hub the moscow is shipping reg regular y as previously stated in these columns and the general impression prevails that dividends will soon be forthcoming forth coming the red warrior still continues to block out fine ore bodies and the mine is looking better than ever before the majestic is still crowding development and is reported to be in fine physical cond condition alon the company has been making some ore ore shipments and it was supposed to be on a self sustaining basis there was considerable surprise therefore when it wm haq learned that the company had levied a 5 cent assessment the returns from this levy should place this property on a heavy productive and profit making basis the utah gold copper company operating in the needle range of beaver county is busily engaged in the installation of a small reduction plant the company has the ore ready for the mill and should soon be on a regular shipping basis in the cottonwoods Cotton woods the columbus consolidated at alta is shipping quite heavily and is treating a goodly tonnage of good 0 ore at its mill with the showing in the mine and under favorable conditions as to roads etc the company certainly should mal make w good this year and make a noise like a dividend payer before the close of the holidays at the utah coalition great joy exists over the uncovering of a huge body of ore which it is claimed carries average values ot of 28 per ton in copper and gold the strike was made in the long tunnel the cardiff and the prince of wales are shipping and development work is bein being steadily 1 pushed on the rexall baby mckee carbonate east carbonate utah mines coall tion kennebec iowa copper and the maxfield over the divide in american fork canyon the pittsburg is also showing up well while work is being pushed in the development of the dutchman silver flat and comstock the two last named have recently levied assessments the burro mining company operating in mill creek canyon twelve miles northeast of salt lake has uncovered a goodly body of gold bearing bear ng milling ore the company has mill building in contemplation contemplo con ion and by fall will be in shape so that it can carry on an active all winter campaign |