Show in the alta cottonwoods the alta big cottonwood district dietric t salt lake county utah still holds the center of interest of investors all over the country this is proven by the big sales of the stools stocks of that section on the salt lake exchange a large proportion of the buying orders coming coining from eastern sources the close cloie clo ie watch that is being kept of developments is shown by the recent interest in albion following the cutting or of a great water channel there reports have filtered through that the rush of water precluding any investigation of conditions in the face has brought down masses of copper and silver lead ore and is scattering it along the track A rush for the stock has followed with a steady rise in the price for no one doubts that the albion is on the eve of most important developments when the interest inn nn terest first began to center upon the ata alta big cottonwood section last spring a great many people not conversant with the district were a little skeptical about reports but this feeling has worn off with developments for the properties there are more than living up to the claims that were made plans are practically complete for the sOl solving of the transportation problem a matter which has always held the district back representatives of several of the arger larger companies operating at alta have met together and formulated plans looking to the construction of an aerial tram from near the entrance to the south hecla tunnel to the present terminus of the salt lake alta railroad at wasatch a distance of practically eight miles the necessary funds for this undertaking are assured it is stated as also are the funds for a great drain tunnel to be commenced at the southwest comer of the wasatch mines ground and extended to a point under the old columbus workings the cost of tunnel and tram are estimated at 20 present at the meeting at which the plans were made were among others A 0 jacobson of the columbus extension and alta consolidated companies george H watson of the south hecla C H cowie J E beveridge and C H gibbs of the wasatch mines and C A walker J R walker and J M moore of the alta de company it is expected expect fed that work will commence upon both projects early in october norman W haire president of the michigan utah has haa received a telegram stating that the deal between eastern interests and local off officers acers of that company looking to the financing of a large campaign of development at their property has been successfully and that mining operations will be resumed at once at al present leasers leaders employing forty men are shipping about fifty tons a month this ore s coming from the old grizzly workings and from the cleaves tunnel on city rocks ground the pittsburg burg mining company whose p property lies over the divide above plora flora lake is blocking out its bodies of lead zinc ore this company is preparing plans for a tunnel from the alta side and hope to tart work before winter 41 Dl directors rectors of the cardiff mining alining company whose property lies at the head ot of the south fork of big cottonwood canyon have declared the first dividend at the rate of 25 cents a share to ibe be disbursed october 1 the company made its first big strike less than a year ago since which time it has employed a regular force of about men it is expected that 25 cents ia a share will be declared quarterly from now on as the mine is earning better than that on its capitalization the stock is held almost entirely in salt lake plans are being formulated for incorporating a company to develop the hell gate group lying to the south and west of the old frederick tunnel dr hugo of now new york is the principal owner the present production of the south hecla mining company george H watson president and general manager is estimated at around a month basing estimates on forty tons of 9 30 00 ore and thirty tons of 12 ore daily A drift from the level is now nearing hearing the large wedge ore body opened at present to a depth of feet it is claimed that production could be doubled if teams for hauling were available superintendent james E beveridge of the Wa wasatch mines company reports the i shipment of a carload of silver lead ore from the number 2 slope carrying silver 71 ot inces lead 15 per cent copper 11 per cent zinc 18 per cent jay E johnson manager of the big cottonwood i tOl lwood consolidated reports the new neny lower W funnel now in a distance or of about k feet with two shifts of men driving ahead it is about half way to the lime quartzite t contact the objective which is the same t contact coli tact which makes the ore in the cardiff j operating 10 1 1 0 k property other companies that section are the carbonate prince prin mining minine tar baby reeds peak and east carbonate king k the directorate of the cottonwood mining 9 company recently visited that prop pro erty comprising thirty eight claims near the T the head of big cottonwood canyon party included S A parry president J G w 4 1 E george tadlock vice president water G R halstead and george H wa F tile the main tunnel is now in a distance of nearly 1 1000 feet and has a vertical depth of about feet fred W price president of the price mining Ilin jig company reports that the surface buildings at that property are practically comple completed teO work of development will be continued through the winter A tunnel is being driven to cut a fissure showing high grade silver lead ore on the surface some gome fine specimens of copper bearing rock fron from the logger camp in big cottonwood are being shown the management states that about three feet of this material shows in the face of the tunnel at present and is improving with development reports from the sells property adjoining the south hecla on the west are that the recent strike of six inches of high grade ore in the raise being driven on that property has widened to nearly the width of the raise and is holding strong as work progresses this work is being done on a fissure that crosses the northwest drift being driven along the limestone quartzite contact in the southeast drift a stringer of ore which is being followed toward the known fissure of the sells is maintaining a regular width and has for feet this continuity is regarded as important the tar baby in big cottonwood canyon is within less than feet of the contact for which it is driving president C R greene states that the bore is now nearly 1900 feet into the mountain and has attained a vertical depth of perhaps 1400 feet A raise started recently has penetrated more than twenty feet into a body of low grade ore president greene was ac comp on a recent visit of inspection to the property by E C davies and R B wet of the merchants bank salt lake the baker 11 mining ining company owning property just east of the old maxfield mine in big cottonwood canyon is driving a tunnel to cut at depth a fissure from which some high grade ore has been shipped from surface ce workings the columbus extension company alta reports a stringer of rich lead silver cop per ore on the hanging wall in the raise being driven on the toledo kosure asure in that property the directors of the company recently visited the workings and expressed themselves as well pleased with what they saw among those who visited the ground were lawrence greene raymond greene A 0 jacobson 11 R evans S A whitney and prank frank B cook articles of incorporation of the alta cottonwood railway company have been filed in the office of the secretary of state george williams is the salt lare lake agent of the new concern with offices at and atlas building the company is cap capitalized for and has for its object the construction of a railroad from wasatch to fo alta a distance of eight miles according 10 the plans the track will be a awen ty four inch gauge and cogwheel cog wheel engines of horse power operated by gasoline will be employed the cars are to weigh one and a half tons each and are to be constructed especially for the worx worn required on the alta haul it is said that the new enterprise has ample assurance of financial backing to make the proposition a success and that work will commence in a short time |