| OCR Text |
Show 'dill ur md StabiHtv ' 71 M9 ' I 71 JT 1T7 . DvWend icorrf too Jfg&prs Mines and Mining in Utah zzztzzz I cYx-'y mnn.2: iuflustry of Utah during qJJ J 1008 has emphasized its .importance w- ano stability by recovering, slowly but h At? surely, from a combination of eircum-ssuj! eircum-ssuj! stances that threatened for a l.imc to "o 2ke out every vestige of lifu roniuin-ie roniuin-ie yj$ injf throughout its arteries. Since the Tiliyj j -first of last January it has hem a lr6vy stead' uphill fight that has been waged 1 ai rno producers of precious metals in ,i the stale, r cr? f why 0utPut Ic Small. . j Irri!" I Following the decision' of the courts! j,vP"i closing ever- smeller in the valley cx-c&f cx-c&f cept one, came the panic of 1907, and "jctOi '10 roP ca(' s''vcr :M, copper, wrier I Scores of mines were forced to either Q IS I clso clown completely or to maintain Rroftlf ns development as possible pend- Gffil ing tho arrival of normal conditions, t'viflf This widespread prognunmo naturally Kmlt uc slPPb of ores that had bceu streaming to market, and it was i c'ojif 110 un'l AVC' toward tho middle of wdf' the past season that ore shipments wore Farm-T resumed at. something like tho .normal JIJ i rate by manj- of the largest producers, u'tDji 'n'ni'c 11 fTret many mines still are ' 1 awaiting the call of the ?meltnr.s fov aergj, t ore so that they, loo, can begin ship-ni05!il ship-ni05!il incuts-again. offenj This accounts, therefore, for (lie t'"'pTfr great rcducl.iun in the metal output of '!$! the year, less than half of what it was icrah f 07. The valuo of the production senl s further cut down by the fact that ,tjjf the prices of silver, copper and lead ds' a,-c Inucii below what they wcrc.iu 3007. er? i comparison of the annual output ids j$5U.H.blcs attached will illustrate theso lescit' uls better than a comparison here. er fftp' Dividends of Year, theroi The dividend record, however, is less struc-j ctcd than was anticipated, in view 3 V thoac many dark spots in the past ti'JfijjEwclvc months. .Tho clean profits paid j . iJFduring 190S to stockholders nro out of 1 s proportion to tho loss in production, and tisilal there aro several old timers missing in nif' ilio list at that missing because the 'MllS- conditions wero such that no ore ship-a ship-a alii meats could be made. Two powerful-hefi powerful-hefi items aro tho dividends from the Utah thalf Copper and tho Sious Consolidated com-' com-' S$ I panics, both new faces in the profit-''nH profit-''nH 'i s',a"nH row- Trould not bo out of ofed' tbo way to predict that 1009 will closo TtiifyMjiot only with these, but nmny new f&tif COC-ks, representing profit-sharing or-lulfilf or-lulfilf Gum220113 u coveted class, aciafi 'Among tho companies that should be 'it! ,n the st aud k n ur5nC the new yoar, are tho Boston Consolidated, wtfSS Cowhouse, Daly West, Daly-Judge, Yic- H I torin, Tampa, Ohio Copper, and several ib totheis now fast gaining ground. rtuH'i tic snccoss n reopening the old cori' ,:ind. new suielting plants in reach of char iho Utah mine prouuoors, it is apparent 1 (.'t 1 that 1909 will present unusual facili- !hm - tie3 or 3i8Posinff o a"no products, and as tho metals aro far bolow the indus- ' I trial prosperity of tho nation in price, ha,r it is equally evident that tho improve- dniil? ment EhouW steady during tho year Am, just dawned. Utah mines wero never apiUj in better physical condition, no greater ttY7i j tonnage of rich otos over was in shape f3; or etoping than today, and thi3 is a ate.' condition stato wido. |
