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Show Tintic Tintic has looked on the passing season sea-son with mixed emotions. It has been a very hnppy yet a very miserable year for that camp', tho camp that contains more dividend paying B repositions than any otlier camp in tah. Beginning with last January the j smelters refused to accopr. Tintic oren for the reason that the smelters which j had Tintic oro contracts Were still closed tight by tho orders of the court. Great hopes were centered in the Knight i smelter at. Tintic, and everyone owning ore galloped into tho Knight ofticcs for the pnrposo of entering into oro contracts. con-tracts. But. thf smelter had not cut its pyo teeth yet, a great deal had to bo done before the management could accept tho great tonnage offered. But after several months the United States companv threw open its furnace doors with the permission of the court. Many organizations not contracted to the Knight, plant would have shipped to iho United States company, in spite of the probability of :i futuro contract with the Tintic plant, had it not been that silver nnd lead began going down in price just when the whole land was coining up smiling from the panic. !r months the great producers of Tintic have been practically helpless. Rays of Sunshine. These were things to cause unhappi-ncss unhappi-ncss in Tintic. Yet the ycur .1908 will stand out prominently by virtue of the achievements of the Colorado and Sioux Consolidated companies. It was during dur-ing tho year that tho Colorado ore body was opened to its present magnificent extent, and in which tho Sioux Consolidated Con-solidated struck tho same oro body. Though dividends were cut off right and left at Tintic during the year, a tonnage ton-nage of rock was brought jto view and unoxtractcd that will bring millions upon millions of dollars to hungry poekets beginning with this newly born season. The dividend list looks loneb without with-out the usual snug fortunes dealt out in each past year by such companies as the Bullion Beck. Victoria, Grand Central, Cen-tral, Mammoth and man- others that suffered by reason of tho combination of bad luck which the camp suffered in 1908. Yet not ono of theso has gained tho worked-out class 3'et. All they demand de-mand is a logical smelting situation and houestly regulated metal prices. Carisa Doal. During the past year Tintic was tho scene of several mining deals that demonstrate dem-onstrate the possibilities of tho future. Qviaf tho most tulkod of deal was tluit V which Willard R Snyder. C. E. Looso and associates succeeded in gathering gath-ering in a generous bunch of Carisa stock. For a yoar or two Carisa stock has been playing tho part of the "Wandering "Wan-dering Jew. Ono of tho company boasted that this stock was bo badly scattorod throughout tho civilized, uni-verso uni-verso that no ono could ovor got it together to-gether again. And following this cainr the mine grew lean and almost out of tho recollection of tho ordinary mortal. While tho stock was under tho scattering scat-tering process the company was a dividend div-idend payer, when tho stock was placed iis planned dividends ceased, and tho Carisa went to sleep. But as the months drew along, tho Sioux management ran into the Colorado Colo-rado oro body. A little bit to the west or southwest stood the Carisa. Now the Colorado-Sioux oro had to go somewhere, some-where, in tho country to tho south of tho Sioux, nnd whilo the Iron Blossom officials directly to the south mado early claim to the honor, the Snyder Looso interests figured that the ore followed iH the bending of the mountain nnd would penetrate into the Cans;'.. Perhaps no one had better opnor- tunily 10 study lhe situation than Colonel Loose, the general manager of the Sioux. When the Sioux strai'k uq IH ore last. May the report got. out thar IH the management had covered it up. and had come up lo Salt Lako. f'ei;ain it was that the manager. Mr. IToldawnv, did come up to Salt Lake at that time. and that he denied having tho ore. Bin: that the Sioux did have the ore can not now bn denied. What the cause for this peculiar mining was no one himw?, and the ofrkiais at the risk of their reputation never took the pains to deaf up this little point for the benefit of jH their fellow citizens. But, the public j soon forgets. Colonel Looso succeeded ! Holdaway as manager. ince which no -1 one has seen fit to deny that tho Sioux iH has tho ore, Looking for Sioiu; Ore. Sor Colonel Loose becamo imbued with 1 the idea that the Cama would get the lH ; fcioux ore body. Tho colonel minted up hi3 overshoes, although it was dry ! weather, and 'hied him to Xrw York. j where he met Mr. Snyder. In a few I days the report came that these two gentlemen had corralled anywhere from i " ty to a hundred thousaud shares oi tho Carisa stock. Tho exact amount secured by them has not been divulged. but they got enough lo cause a general jH commotion in the official family. Colonel Loose succeeded someone as a director and came back to Utah last fall with iho ' 'H general managership of the Carisa, 'H tucked within the inner solo of his gum shoe, lie then admitted that the Carisa was a candidate for Colorado-Sioux oro ' jH honors, nnd he lost no time in getting! 'O work to provo his thoorv was right.1 The old Spy shaft on the Carisa was selected as tho most likely avenue tr thin mineral wealth, and the now man- agement began reliinbcring the shaft to ! the 00-foot level. A crosscut was tnen started toward the spot where the ore was expected. Whilft we are on this matter of Colo- rado-Sioux ore, Jet us pause to look back a bit to investigate this matter. Xo 'H more interesting question has even arisen in Tintic and thousands of times the question has been asked, which way does tho ore go after lcaviu"- tho' bioux'J IH Where Does Oro Go? South of the Sioux is the Iron Bios- 5pm territory, ono of the originations of "Uncle" Jesse Knight. The Iron Bios-'fin Bios-'fin a, big piece of grouud. what is known ,13 the south shaft is, over a mile south of tho north end line of the property. The management drove this shart to tho 700-foot level.. or deeper, and on one or two levels above encountered very good ore. but it was rich enough for him lo ship to? I his own smelter close at hand at a verv, good profit. One milo north is located? 'H tho north or new shaft. Thoro tho' management begnn crosscutting within hailing distanco of the Sioux shaft for JH tiio samo ore body known to exist iui tho latter. Mr. Knight then mentioned. ' with every plausiblo reason lo back him up, that the Colorado-Sioux oro body would extend straight across tho -Iron Blossom, missing the Carisa and1 everything clso to cither side, for in 1 his opinion tho south shaft had en- countered tho tail end of tho ore body. . Southeast of tho Iron Blossom and' in lino with tho oro iif caso it swung toward the east after leaving the Sioux, was tho Tintic Central property This' company entered the campaign for oro 11 honors, and no timo was lost in cnd- ing the shaft on down to eucouutcr the . Tho fight long has been an interest- '1 ing one. And results? Tho year 3009 ujubi, uo reierrea to tor tho solution. lM Bullion Beck Sold. Tho United States Smolting, Kcfining 11 and Mining company owns all but a fow mnngy Bhares of the Centennial-Eureka company at Tmtic. This is a grand old ! property and in the absence of any vory definite word relative to the re- 'H s?"0 f thc same. local report has it ! that liftv million's worth of ores aro now blocked out in this noted old mine. Certain it is, however, the mino is good for anothor hundred years of 'H usefulness, and that is about all tho world has any business lo know regard- 11 ing it, anyhow. n But so "impressed were tho officials , of the United States company with this WM old mino that, they conceived the project j I'H Oi. adding to its territorial limits. There I lH was only ono chance, and that was tho 1 Bullion Beck and Champion property, 1 owned by a company composed mainlv J of dignitaries ot tho Mormon church". .lust lately tho United States company secured over 50,000 shurcs of this coni-pany coni-pany s stock, giving it comploto control j over the affairs of tho organization, j IH On an immediato reorganization, the ll United States company assumed several iH of tho official positions from tho board IH of directors, and a deal for securing tho balance of tho stock was undertaken, which is still pending. This deal guvo the United State.' company a splendid swoop of territorv fM whore it was most desired, and it stand's jH as ono of the important steps in tho iH evolution of Tintic into groator power I'H as Utah's banner dividoud camp. IH Opes Reorganised. j Another deal of interest rounded outl lH during the year was the reorganization IH of tho Opox company. This was once ii'H a Heinze- proposition, but when hard ilH timeB struck this daring operator, tho il'H Newhou60 Knight - .Tones iutoroets I'H stepped in and Becuved tho Opex during ' f 1908. Work was at once resumed, a comfortable cash sum in tho treasury 'H guaranteeing tho continuation of the Jl work to depth. This property adjoins JH the Contcnnial-Eureku group, and is be- 'fM ing sounded to tremendous depths for '"H resources. 'H King William Mino. 'H Snuggling liko a stitch in a garment is a pieco of territory in Tintic sur- H rouuded by the Centennial Kureka, 'H Eaglo and Bluo Boll, ftraud Central ud ,H others of that district, now owned by tho King William company. This is I ono of tho best doveloped 70003 of terri- I'l tory at "'intic, and the newly formed 'H Kin? William oomp;.nv- is working at llH depth to tap its ores. Tho management IH mado arrangements several months ao 'H with the Eagle and Blue Bell by which Jl work was to be s'arted on the 1000- foot ;H lovel of t's adjoining property, bri'-.u; ing tho crosscut to the point where II- ' I'l King William resources woro expoctod lH 1900 foot below the surface. This work l1! has attracted ro end of attention, and E'H tlat tho King William will open a llH gr-jat and deep mino, and at a nominal fflH oxpenso considering tho depth .being IH wonted on, is merely a matter of tho ilH proper oxtont of development work. ' K'H Plutus a Big Group. l-l Ever flinco 1S9 Jcsso Knight aud 11 David livans havo ('een rounding out a IH proporty near tnoio groat mines. Tluy fll togan with tho I'lums c01np.-1r.3-. sinco ll which time thy fvu iDcrg'd with (ho , Juab and North Mammoth Mining com- panics. Lato lust November theso in-Hj in-Hj ' tercets .purchased tho Totro company's holdings, giving tho Plutus company H twolvo patented claims, all very vnlu- able territory. Through the Tctro workings tho management hopos to pain -access to tho known resources early, and this is another bit of work that holds public attention, containing as it docs the nucleus of ono more magnificent 1 success for tho Tintic camp. A 'deal that was surrounded with un-nsual un-nsual intorost was that by which Iho National Development company, the 1 Snyder corporation, secured the Eureka , Lilv possessions in 190S. In the early dny-3 tho Lily was a producer of rich j 1 ores, and a. great deal of ore of 3plen- j did value was blocked out for future l extraction. On securing this territory, l tho National Development company 1 , formed the Eureka liily company, and Hl i wont to work to get at those resources. A great deal of preliminary' work had to l)e done first, such as retimbcriug 1 , and cle'aning'out old workings, and tho 1 ' installation of modern equipmont. This 1 work has been under process of complo- tion for a few weeks, and everything is , about in shape for active work. This company has' the g'raifying incentive for tho best that is within its powov 1 of known ores 'awaiting' extraction, -and tho "now year should find it a steady , producer' of' the precious meials. Many New Companies. A great many new companies have boon perfected' in Tintic during the ,past season, and be it to the credit of thosu in charge of the same, they all 1 , moan business. The eastern portion of Hl the district has been a tempting sec- tion ever since the Colorado officials have demonstrated that ore can exist where others theretofore thought differ-ently. differ-ently. Such companies as the Tintic H Standard, Tintic Central, Addic. Tin- tie Combination, Tmtic Silver. Tintic Silver Crown and a score of others should bo heard from during 1900 to such an extent that thGV will bo worthy of onlistmeut among the immortals of . the district. Before speaking about many of tho mines of tho camp whoso performances during 190S are worthy of mention, it is time to express to Tintic the grati-' grati-' tude of everyone who is interested in Hj the Salt Lako Mining and Stock Ex- Hj change'.- Even during tho cloudiost part of ..the 1907 panic, the Tintic slocks , were the center of interest, and. maiu- tained absolutely the prosperity of tho exchango when everything else would have destroyed it temporarily. In 190S tho stock exchange has mado history for. itself and for Utah through the in-fluenoe in-fluenoe of such propositions as tho -Colorado, Sioux Consolidated. Iron Bios-Fom Bios-Fom and many others. Sioux, Consolid-ated Consolid-ated was the' storm" center for months, and stijl retains its strength on tho lo-1 lo-1 caI board. Sioux Stock Active. When certain interests tried to do-strdy do-strdy confidence in tho mine and tho j company by attempting to conceal the Hj existence of ore last May when pre, really had boon found, local investors H felt certain that these denials woro falsehoods of the coarsest material, and while some tried to bear tho stock, those who were honestly wiso (o the silua-(ion silua-(ion picked it up. and for weeks Sioux Hj Consolidated stock was responsiblo for tho' heaviest business ever experienced on the exchange. It mado small for-, tunes for all 'the brokers, it brought' H, out the dollars from stockings whither the. panic had driven- .them, and this business had the effect of brightening up' the whole board during tho hcatod j term Tho great increase in tho slock xiiliance's business for the past year ovrr all previous, seasons is due l.n a Hj very emnhatie way to Sioux Cousolid- nted. While the Colorado stock has Hj been quiet during the year as, a rule, there were occasions when iU strength H helped the board, and no more rcmark- able stock than (he Iron Blossom has fver been posted on the local exchange. H: It has remained high when others weut low, and it never has lost its lead. Thanks to these stocks, the exchange ha enjoyed a remarkable year. Old Mines Wore Quiet. The year has been barren of news H, features from I he Grand Central and 1 Victoria properties, while the evil con- ditious existing as mentioned above Bi conspired to prevent the stockholders from reaj)iug their usual rewards from both. -But each mine's merits arc in W no "wise impaired, and with normal con- BBS' ditions they will give up their dividends BBV as usual. BBV The Mammoth, an old-timer, has been BBm quiet during tho year, but recently a erdfll deal of ore has been shipped to BBb the; local smelters. The management is now sinking below tho 2100-foot level, BBn the resources being found in all their BBS riefcnoss and extent as the workings BBa . gO'; deeper and deeper. A remarkable Bh development of laie has been tho de- BV vel'opment of high-grade copper ore BBS bodis with depth, and extensive bodies B at 'that. BBv At the Lower Mammoth tho company BBa is ow sending the main shaft from the BBb. 1S00 to the 2000- foot levels, and an assessment was called for that this work might proceed. In 1907 this company w.ie a dividend payer, but smelter trouble, the low price of tho metals, and tho. necessity of getting tho shaft down where it was needed have combined to Bj make the proposition, ono of. the, tern-, Bfl porary unfortunates. But tho winzes liave demonstrated the existence of the Bl ores close to tho 2000-foot level, and Bfl 1909 should bo a very happy ono for Bfl this organization. BBI Dividends have been coming 6teadily BH from tho Uncle Sam company, and. tho BJJ encountering of a rich body at depth BV. oarly in tho year gives promise of be- ing oven botter with depth. The" man-Bl man-Bl ngomont is now looking for the same Bfl shoot of ore considerably deeper. At Bfl tho December directors' meeting it was Bfl decided to reduce tho five-cent to a Bfl two-cent dividend monthly, tho latter figure being considered more within reason theso lean-dividend times. While only hu3j six months in 190S, tho com-pnny com-pnny paid $100,000 dividends. B Colorado Resources. Tho Colorado ore body has boen des-Bfl des-Bfl cribed so often that it is useless to Bh enter into details hero. Everyone ap- Bfl prociatcs what this company has in BBfl store, and exports predict that from BBI $3,000,000 to $12,000,000 worth' of divi- Bfl dends are now in sight. This may be a Bfl triflo high, and it raav be under the roa! amount in sight, for eo great an J oro body, and to imporfoctly developed, J ban practically unbounded possibilities. J Tho company is now in the dividend j list again, and nover would havo J Btoppod its profits had it not been de- IBBJ f.irid to make all that the oro contained flBBJ. for the- stockholders. This company has j a ready and economical market right at J its. very dumps in the Tintio smelter. J The Sioux Consolidated company IIBT stands to get at least 700 feet of tho J Colorado oro on its own territory'. Tho J oro body is oxtonsive, but so little work PIBT has boon dono in proportion to tho j amount demanded before an adequate flflj idcacan .be gathered of this resource's j extent," tlintlt is unfair nowvto" stato"any HBHHHBBBBJBIlfi'' 1 BBBBBBBBBBBBBBBBBBBBBBBBk. dimensions or values. It is safo to say, howevor, that experts who have visited tho mine recently predict unbroken dividends divi-dends from the Sioux in case tho mining industry does not suffer any cataclysm during the next two years, or even more. The May Day still is pounding away, but the officials could hardly foresee the hardships through which tho mine would have to pass in 1008 when they started out the year with high hopes. Tho price of the metals and the low-grade, low-grade, character of May Day ores havo combined to reduce oarnings, and for threo months tho directors have not seen their way clear to post the usual dividends. divi-dends. But the May Day with normal metal prices will again cmphasi.o its existence by coming up with profits, and that era. is confidently expected in 1909. Interesting is the work being done by the Iron King Consolidated, the Utah Consolidated of Tintic. the Addie, A.iax, Swansea, Tintic Standard, and many other properties of the eastern side. Careful mining managements are in charge, and local circlos expect good returns from their earnest work. So overy thing has contributed during the last twelve months to open a greater future for Tintic mines. No camp in tho state is backed so heavily by Utah capital, for Utah has a fondness for Tintic, she has beou so liberal in the pnst with her rewards. The future never waa brighter, for thero never was a greater touuago of rich ore, nor were the smelling conditions so promising as at tho opening of this year. |
