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Show LOST PACKER IHE FlJFJEAll Senator Macbeth Gives Facts Thai Show New Producer Js Existing. BIG PROFITS MADE DURING THIS SEASON Smelter Working With Perfect Precision, While Mine Is Opening Splendidly. "The Lost Packer property in Idaho no longer can be called a doubtful nor even a small proposition. Tt is one of the successes of the year in mining. The property hns opened up into ono of tho really spectacular mines of this section of the country, and we now seo how foolish we were thnt wo did not pick up more of tho stock -when it was selling here on the Salt Lake curb at practically nothing per share." This was the manner in which Senator Sen-ator R. Macbeth, the well known Idaho mining man and Democratic, member of the Stato Sonato, who arrived in this city Saturday morning on business connected con-nected with his various mining enterprises, enter-prises, expressed kimself. Tho Senator alwayn has been a friend of the Lost Packer propertv, but. even he could not foresee the splendid manner in which this mine is now rewarding its Salt Lake City stockholders and management. manage-ment. Not only ha3 the property opened tip into" first, proportions, but Senator Macbeth states that the smelting' smelt-ing' plant is running like a charm, and is making money very rapidJy for its owners. On Friday the companv shipped a carload of "matte to tho Eastern market, mar-ket, and another carload was scheduled to leave the shipping point yesterday. This will bring a splendid amount of money to the treasury, and on the floors of the smelter there are 215 additional ad-ditional ions of matte awaiting shipment ship-ment yet this season. This matte, states the Senator, ivill average close to 5 00 per ton, so the successful operation oper-ation of tho smelter this first season has been productive of returns more than equal to till expeoations. It. is more than likely that the company will install a convcrlor equipment before the next season ' run. thus producing a product worth fnllv $1000 per ton instead in-stead of .$500. Bringing out this matte, and taking in fuel, the company uses a great many outfits, in all there being over 250 head of lmruec oninlnrnrl In tlio rr-nrlr Sun. ator Macbeth states that the property and vicinity presents a most active and encouragiug aspect. When asked regarding the mine developments, the Senator staled that the property at the present depths had opened put wonderfully. wonder-fully. Above, the company measured their ore chutes In- the inch, but as depth was gained upon them, they spread out into feet, thus establishing the greater richness to say nothing of the continuity of the resources with depth. In one face in the lower workings, he states, there are six feet solid of chalcopyrite ore which carries in addition addi-tion to splendid red metal values as much as 3.5 ounces gold to the ton. Broken down in the mine and awaiting await-ing the muckers arc fully 4000 tons of ore that will average somewhere between be-tween $70 and $90 Jo tho Ion. "Within the mine, actually in sight, there are not loss than 24.000 tons of similar grade of rock, and with every indication indica-tion pointing to the conclusion thnt with even more depth the management will find a decided improvement in the nro bodies in every wny. So thoroughly, thorough-ly, therefore, has the Lost Packer management man-agement assembled its resources that none see the mino without expressing themselves most enthusiastically over the same, and the Senator's expression that tho property no longer can be called a small proposition is the conclusion con-clusion all havo reached. |