Show BIG DEALS IN TINTIC the mining fraternity of utah is becoming so used to the consumption of big mining deals of late that when new transactions of importance are reported hardly a flutter is caused such dealings being accepted as matters of course and as the natural results of the magnificent manner in which the mines of the state are showing up with extensive and intelligent development in the last issue of tm THE REVIEW mention was made of heavy sales of valuable mining properties in the old reliable camp of bingham of mines which for years have been prominent as prolific producers of the precious metals and especially so of copper the purchases being very largely made by eastern syndicates are searching every nook and corner of the west for copper producing mines bingham however is not the only mining camp in utah that is attracting at tr acting the attention of of capitalists and investors many others receiving recognition just now at the hands of big mining mining operators included in the list being the great district the home of some of the most noted dividend payers in this intermountain region and no surprise was expressed therefore when it was announced last week that a trio of bonanza propositions in this camp had bad changed ownership or that a controlling 0 interest in at least one of these had been secured by leading mining operators among the deals last week involving the sale and transfer of a promising tintic gintic mine was the purchase of the carisa mine by eastern people for which the handsome sum spin of was paid in cash the carisa is located just above the star consolidated mine and adjoins the red rose recently purchased by hon A W mcgune mccune the bonanza king icing for several years adverse interests have retarded the operation of this mine and it was not until the tangled skein was unraveled by W R E hubbard the well known and successful mining promoter of this city that the property was in shape to make a bid for the consideration of prospective buyers when cleared of all obstacles however the proposition was taken east by H E carey who succeeded in placing it with a strong company whose intention it is it is understood to push work at once in its active operation and development another transaction of importance for the camp was the sale of the dragon iron mine adjoining the star consolidated on the east we say that this is a sale although the property is really tied up on a bond and leat lease e as it is the prevailing impression that the option will be taken up in due time by samuel newhouse and thomas weir the two gentlemen who have made such enviable reputations of late as extensive and successful success sul mining operators the price to be paid for the property being estimated at or thereabouts the dragon iron mine is principally owned by L E riter and george Y wallace I 1 and is looked upon as the mother of the of the southern end of tintic gintic district and it is confidently believed that with more extended development this ground will become as famous in the future for its production of high grade gold silver copper and gold ores as it has been in the past for its production of iron thousands udon thousands andson of tons of which have been utilized bythe by the valley and outside smelters shelters sm elters as a flux in the reduction of dry and ores the dragon adjoins the star consolidated the dividing line between the two properties being on the top of the moun mountain Lain whose majestic sides separate the workings of the former feimer from the latter and it was not until a thorough examination of the star had bad been made by mr weir and mr newhouse that a bond was secured by them on the dragon mine the general opinion being that the mountain referred to is nothing less than a capping of one of the largest deposits of the precious metals ever yet uncovered in the district more than ordinary importance attaches to the transaction as it is the prevailing belief in mining circles that in time to come these two mines will pass under one control the bo boss bos s tweed adjo adjoining iDing the star consolidated soli dated on the north also figured in the trading of last week in tintic gintic realty as a controlling interest in the shares of the boss tweed mining company was transferred to a syndicate consisting of W E hubbard II IV J lawrence arid and W T dinwoody the boss tweed is looked upon as one of the coming big producers of copper ore in tintic gintic district and already it has a record 0 of f s shipments hip ments made showing values from sixteen to seventeen per cent acu ecu fc in the red me metal tal to the ton besides which the rock goes well in gold and and silver the mine is to be systematically worked this summer |