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Show UTAH COPPER CO. 1, ! oA I : one questions. The Zlh$ S g-SS by thoso in control of ihii n 1 have boon .termed by ozpor is as lution in mining, but the SS rvclouall!" cess of tho company has it i made the revolution n Tvolution Eighteen ClciniB in All. There aro eigjitoon claims in' , ill i, j' longing to the Utah Copper coL" L ; Bingham canyon, extending alone goih 1 sides. The urea of the claims i oni f acres, with about H00 acrca in min t and smelter mica. The land was pU I chased from the Do La Mar-WnH iff i ine and Milling con.panf and f. 0or' 1 mation permits of tunneling at gS r'!?i!V,nflcr"roun1 wrkinCR 0f the Ltah Copper company are -aid to iC i most perfect of tl10 kind in the coun- i try. iMgh teen miles of tunnels an"l f streets and avenues and alleys CS- 1 KrVfP. "I""."'"? "ndorground oil?. ' 1 For a city it is insofar as construe ! tion is concerned. "uc ; . Thirteen tunnols enter tho mine al nght angles to the gulch. C,J the avenues. Mile after mile other : avenues are crossed at rHit anXV M wii h intervals of 150 feet. open' ! ings are roctangu ar and of uninnal wfdth. Parnllcrto tl.o tunnel, or "S niies are drifts or alleys. From tho '1 towest depth to the top these streets rise tier upon tier, each tunnel and drift 1 named after streets in Salt Lake City, I and each almoBl. as well kept ' 1 Forly nerea of tho 200 are highly do- I velopcd. Several of these acres are 1 workod by the open cut method, othor 1 by steam shovel. Much diamond drilb J ing has been done from Iho main tun- ;1 mil to depths of -400 and 500 fet, M showing a contiuuanco of the ore body M to thoso levels. m An authority estimates that there rm availablo in the Utah Copper property 09,000,000 tons of J.S per cent coppor 11 oro, or 100,000,000 tons of 1.5 por emit If oro. In doing development work in this l-great l-great property, 350,000 tons of ore wer? i extracted, whoso averago valuo Tvai - " fi! 1.9S2 per cent copper por ton. The Oug- If genhenn sampling showed 2,03 per cent ' hi coppor as tho average. Tho two mills if of this company ono at Garfiold, the t other at. Bingham will trent annually ( -2.500,000 tons of ore, and will produce 58,300,000 pounds of coppor a jear. i Figuring copper at J-l conts a pound, ft and allowing 8 cents a pound for all f expenses incident to mining and treat- ment, the annual net earnings of this ; company will bo $3,500,000. which is ? oqual to $5.30 per share on the G60.000 shares, or 2G.o per cent on $20 per I share. , , Every advanco of coppor of lc per j pound would mean to the Utah Copper 4 company nearly $600,000 additional an- jj nually in net earnings, or about $1 per r Bharo. Garfield Mill Most Complota. What is considered one of tho most "JL ' ' complete mills in the United Slatea is located on JJLnh Copper property in Bingham canyon. As the work anil the j; production of the mino increased, the capacity of the mill was gradualby in- creased from J000 tons a day to 6000 tons daily. Tho original cost of the a plant was $300,000. Since then hmi- drods of thousands of dollars havo boon ; expended upon it. Ono thousand acres '- of laud are used in connection with tho i mill. ; The Utah Coppor company was or- 3 ganized A.pril 30, 190-1, under tho laws i of New Jersey. Inside of thrco years ; tho stock, with a par value of $10, hna risen in value until it ranks with the . , highest in Utah. With tho 70,000,000 A pounds of ore, which it is estimated will bo produced no.it yoar, and whicn T at the current price will bring alraoBt , $18,000,000, the stock, it is safe to say, will go yet higher. . |