Show DIPS SPURS AND ANGLES it is st stated cited that steps are beings being 11 taken for perfecting a state organization of mining en ri the object being for mutual benefit and pleasure in the unlimited mine at bingham owned by G S holmes of the knutsford it is ted that a new ore body has been uncovered comprising six feet of milling knilling and six inches of high g grade rade ore an important strike is reported in the old hickory mine in north star diali district IM beaver county the property is now owned by the majestic mining alining 11 company of which A B lewis is manager according t to the statement made by the rocco homestake mining company on the dinst the association had in its treasury with over in ore in transit to market which had bad not been settled for it is expected that work will be resumed in the completion of the toll road which is to give an inlet and outlet to the in mining ining camps of the la sal mountains sam kin king cr of dewey is the promoter of the enterprise recent storms in tintic gintic district caused the breaking of the tailings I 1 dam at the eureka ruo reka hill mill resulting 11 in a slide which caused considerable damage to the company as well as to the bullion beek beck mine situated below A J mcmullen McA llullen who is heavily interested in the skylark near frisco in beaver county has resumed the development of this promising property and is now giving employment to three shifts having put in a windlass to facilitate operations it is mr air mcmullen s intention to continue the shaft feet from the foot level at which point a six foot vein is exposed four of which carries values ran ranging in all the way from 75 to per cent in cop copper per to the ton the ledge is a banded vein each strata of which c carries a rr ies ore of different characteristics rado ranging from copper carbonates and magnetite to chalco chalaco pyrites the outlook 0 or r the property is regarded as being excellent at a recent meeting op in london of the officials of the utah con mine the highland boy of bingham the president of the company stated that it was estimated that the company companas comp anys s smelter near bingham junction working at its present capacity capaci tv of tons per da day y would earn a profit of about per month but that when additions now being made to the plant were completed the profits would be more than doubled in speaking of the payment of to samuel newhouse in lieu of his contract rights chairman rider stated that the share of the profits to which mr newhouse would be entitled under his five year contract would have amounted to more than it was therefore deemed expedient to settle the matter mattar in a lump sum the company will meet in january to declare its regular dividend which will be paid in january |