Show around the st slate ate clias chas tyng of salt lake has prepared for carrying on development work through the winter at the texan group owned by him in american fork canyon A lease and bond on the royal group of five claims at fortuna in beaver county has been given to lorin hall and associates and a force of men has been put to work D R beebe manager of the santaquin San king at santaquin San reports the new on the tunnel level is down fourteen feet and is showing heavy charles and john and C E mayers all of chicago were in eureka recently in connection with the resumption of work at the property in west tintic gintic A car of ore averaging 27 per cent copper was recently shipped by leasers leaders from the old utah eastern copper companas Comp anys property near st george to the midvale smelter the nellie group in the north star district beaver county has been taken over by ben T lloyd of salt lake under an eight year bond and lease it is said that work will commence immediately lk the bingham properties of the united states smelting smelling Sm elting company under the in of james P F barnard are producing about tons of ore daily one eighth of this being copper and the remainder a lead zinc product the pacific gold mining milling company of american fork has leased its holdings in american fork canyon for a period of five years to peter D miller of that city who in turn has assigned the lease to the fissure exploration company william owens superintendent at the eagle blue bell property at eureka is authority for the statement that there is more ore in sight at that mine than ever before in its history owing to recent developments on the 1550 level superintendent daniel ferguson of the croff mining company reports four inches of a high grade copper ore and ten inches of silver lead in that beaver county property according to manager R R tanner who arrived in salt lake recently late reports from the yankee consolidated mining companas Comp anys recent strike give the thickness of the at more than twenty feet and the claim is freely made that it twill will rank among the great ore bodies of that famous district A E canfield is manager W lester mangum secretary of the colorado mining company property at silver city states that the company had decided to declare a dividend of at its regular meeting on october 10 now however since the decision in favor of J L the company given recently wilson against 41 appellate court at states by the united denver this action will not be taken the judgment calls for shares of stock plus the dividends paid thereon amounting with interest this will to per share so deplete the treasury that it is considered wise to retain what is left for development purposes the directors of the united states smelt ing refining mining company have issued a statement following their recent action in declaring a dividend on the preferred stock but passing that on the common stock the earnings for the first nine months of 1915 were equal to the regular dividend on the preferred stock and the balance for common stock at a rate equal to per cent per annum the mexican holdings have contributed less than 14 per cent of the total earnings and in view of the uncertainty of the future in mexico it was deemed sound policy and to the best interests of the stockholders to allow the working properties to increase substantially before taking action on the common dividend |