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Show Bingham Neither wars nor rumors of war havo boon allowed to intorfero with tho prosperity pros-perity and wonderful advancement of the Bingham mining district of Utah. A giant among mining camps of the world, tho camp waves a fond farewell to 190S, ono of its most happy seasons. sea-sons. The story of Bingham has been told far too many times to necessitate another an-other rendition of what everyone knows moro or less about this greatest district dis-trict of Utah. How, years ago, the mines wore abandoned after the hills had been probed for their gold, silver and lead deposit?, and how a few faithful faith-ful souls remained in tho camp to solve tho proper disposition of tho enormous tonnages of low-grade copper ore deposits, de-posits, arc facts well known, and all that remains to bo told is tho result of the patient endeavors of Bingham's great metallurgists, a result that tho year 190S saw in full fruilition. Utah Copper Makes Good. The Utah Copper compauy was tho lirst great low-grado porphyry proposition proposi-tion of Bingham, if not in tho west, to become a modern success to the extent ex-tent of entering tho steady dividend paving column. Ending Soptembcr 30, last, tho Utah Copper company- had been in successful operation just fifteen months, 190S as it progressed seeing tho gigantic concentrating plant at Garfield steadily brought up section by section until all twelve were whipped into shape for work. The end of the iiyo quarters up to last September saw -th.e company producing the following number of "pounds of copper, tho iu-crcase iu-crcase from quarter to quarter tolling its own talo: o,305,3GS, 7.71(3,712. is.527,-939, is.527,-939, n.-lSG.oOD, 12.000.925 pounds. Last July tho officials posted tho lirst quarterly dividend, amounting to 50 cents a share, or $2 per year, and 1909 dawns with the company pounding out. net gains at the rate of $i jcr year, or twice tho amount of the present dividend div-idend rate. Tho last quarterly report, issued on October 1. showed net earnings earn-ings for that, period of $501, 391. GO, at the rate of :52,005,5G6.40 annually, and with only eleven of the twelve sections of tho Garfield plant at work. Moving Mountains. Moving mountains has been the task of the Utah Copper management for a year past. Each month the company has handled 87,000 yards of stripping or overburden that caps the porpbyrv ores. This means that 2.4 ncre3 a month are laid bare, and as each aero of stripping brings 1,000,000 tons of ore into available form, it can readily be appreciated how gigantic arc the efforts ef-forts of this organization assisted by every known convenience for modern-day modern-day "mining. ThiB means cheap copper production, and when such a' company can send copper into the market at the cost of only S.73 cents per pound, it hus little to fear with a 13-ceut copper market. mar-ket. During the new year tho company will be busily occupied with tho problems prob-lems of increasing tho weeklv production produc-tion of the red metal. A new railroad line will be constructed, and the Garfield Gar-field concentrating plant will be increased in-creased considerably. It should be as easy for the company to produce a hundred hun-dred millions pounds of copper as it is now to make fifty million pounds, and that will be the aim -of the officials. The Utah Copper company, therefore, is a demonstrated proposition, a commercial commer-cial enterprise and one of the world's greatest copper producers. Boston Con. Is Successful Following closely on tho heels of this compauy is tho Boston Consolidated, the well known Newbouse organization. Practically the same problems confronted confront-ed the Boston Consolidated as the Utah Copper, with this important distinction, the Boston will depend on underground mining rather than on steam shovel work. The mountains within tho Boston Bos-ton Consolidated company's lines are not exactly fitted for stenm shovel work, and it has been shown to the aatisiaction of everyone interested that underground mining as far as this particular par-ticular property is concerned will cut down tho cost of production to an important im-portant figure. Tho Boston, while not in tho dividend column yet. is a success, aud during 1909 will "undoubtedly bo added to that coveted list. Eight sections of tho mammoth Boston Bos-ton Consolidated Garfield concentrating plant are now in action, or over hair of tho original capacity planned. Exports Ex-ports ngree that no moro ideal mill is in operntion anywhero in tho mining world. The company has been producing produc-ing over a million pounds of copper monthly during the latter part of last year, &nd the mill bj making an avorago saving of hotter than 83 per cent of tho metallic contents of the porphvry ores. Milling circles Teadily appreciate such a magnificent saving and it augura well for tho dividend capacitv of the organization when profit sharing dav arrives. There is all tho moro reason to regret tho unsatisfactory railroad facilities of the Bingham region, for had a greater tonnago beou hauled from tho Boston mines to tho mill more sections of tho now plant could have boen whipped into tho nctivo column long ago. As it is, tho new year promises to progress but a- short -lime until the five additional sections of tho plant aro in commission. commis-sion. At Iho close of tho old ycar it is estimated that the Boston Consolidated company has been six and eight million mil-lion pounds of copper piled up at Garfield Gar-field awaiting treatment by tho Garfield, Gar-field, smelting plant. Tho Garfield smeller has not been in condition until un-til quito recently to treat uny of these Boston concentrates, and thov havo been allowed to accumulate. Tho Boston company, however, was given tho privilege priv-ilege to draw up to 85 per cent ol tho assay value, of these concentrates from tho Garfield Smelting company to meet current expenses. This system has had a decided advantago for the Boston, for copper has been rising steadily in price and by the time tho final sotllomcnt day-docs day-docs come it will undoubtedly have the advantage of securing a better price for the copper than would havo obtained 'ut any period of tho preceding year. Ohio Coppor Company. When the year 1.903 entered tho arena ono Bingham proposition, the Ohio Copper Cop-per company, was surrounded with clouds of doubt and besieged by a small army of creditors clamoring for over a quarter of a million dollars, indebtedness. in-debtedness. Tho company had fallen into trouble with tho beginning of the troubles for F. Augustus Heiuzo, tho company's sponsor and owner of control. con-trol. It took tho better portion of tho past year to straighten out the tangled web of Ohio Copper affairs, but the task was completed after Mr. Ileinzo had parted with his control to new bloody The company has met each dollar dol-lar of indebtedness and tho financial plan which was to bring the company into proper condition has boon brought around successfully. Tho company authorized a $2,000,000 bond issue, or which tho large stockholders stock-holders purchased $400,000 at par, leaving leav-ing u balance of $1,600,000 which was underwritten. This balance was loft open for a given time, that tho othor stockholders might purchase a part of thoso bonds, and a generous response was made. In this manner the officials brought into tho company purso a sufficient suf-ficient amount of ready cash with which to prosecute tho development work in tho mine and to bring the now 4500-ton concentrating plant into completed form. Big Tomiage Blocked. There can bo no question relativo to tho magnificent condition of tho Ohio mine. In this mine are developed 13,-484,855 13,-484,855 tons of ore, the average copper contents of which is 1.G06 per cent. Thus are many years of ore reserves assured for the milL All this ore was opened on and above tho 580-foot level. For a distance of two and one-half miles tho Mascotte tunnel has been driven into the company's possessions, until its breast has gained a point 520 feet below the 5S0-foot level. The tunnel was stopped at tho point whore the shaft will meet it, and the work of connecting these two workings is now Crogressing swjftly, for tho shaft is eing 6unk while an upraiso is being Bont to meet it from the tunnel level. In this way 520 additional feet of depth will be given on the resources already blocked out. and it is certain that additional ad-ditional millions of tons of copper ore v.-ill bo found in this distance. Early in 1910 the Ohlo Copper company will bo in tho dividend paying list, and its now president, Jamos MacFarlane, pro-diets pro-diets that late in 1909 this highly do-sirablo do-sirablo step may be taken by the officials. offi-cials. Early in tho new spring tho mill should bo ready for work, and by that timo tho mine will bo in shapo to produce pro-duce as largo a tonnago per day aa tho new mill can treat. Tho mill cau produce 3S,SSO,000 pounds of copper annually by treating -1500 tons of ore a day, and tho following follow-ing net profits with various levels of copper will bo certain; Copper Not at Profits. 33 cents $l,n55,200 1-4 centa 1.9 1 1,000 15 cents ;,:!3'J,S00 1G oontf? 2,72 1, COO 17 cent3 S.lKl.-lOO Utah Con. Is Faithful. Faithful as the proverbial old shoe, tho -Utah Consolidated company has pounded away during 1908, leavfng tho season strongor and better than it was when tho year first opened. It has boon a strenuous year for tho Utah Consolidated company. Whon tho officials offi-cials failed to como to terms with tho American Smelting and Refining company com-pany for a fivo years' ore contract, the officials sent orders from tho cast to close up tho options with tho farmera of Tooolo county for smelter smoko casements. That created the impression that tho Utah Consolidated company-was company-was going to erect its own smelting plantj aud mauy eastern circles began questioning tho propriety of the company com-pany expending so large a sum of money for smelter building purposes. In tho heat of tho argument. President Brough-ton Brough-ton in New York issued a statement shouug that tho company had disposod of its aforesaid casements at cost to a syndicate of Amalgamated Coppor interests, which would proceed at onco with tho erection of a mammoth independent inde-pendent smelting plant. ThiB statement was followed immediately bv the arrival ar-rival in Salt Lake City of several smelting experts of tho Amalgamated Coppor company, and offices were taken up in this city from which the work of construction has already been started. A year or so ago it w'aH thought that the Utah Consolidated mine at Bingham Bing-ham had bottomed. To prove the contrary, con-trary, tho officials placed dn the hands j of General Manager Risquo $10,000 t monthly for several months for development devel-opment purposes in virgin ground. Mr. Risquo has made good use of this money, as the resources right now in the mine, and at depth as well as in virgin territory, terri-tory, demonstrate that tho mine is good for many years of usefulness. The company com-pany has not only opened largo copper ore bodies at continually increasing lovols, but very rich gold ores are being be-ing opened at depth, while lead and silver bodies in new ground aro in blocked form to be sent to the Tooelo county smelter, which will be in tho market for all kinds and conditions of ores. The Utah Consolidated companv in 190S has been shipping 800 to 850 tons of ores daily to tho Garfield coppor cop-por smelter, and tho usual rato of dividends, divi-dends, $2 per year, has been maintained. main-tained. So, as stated, tho Utah Con-Holidatcd Con-Holidatcd entors tho new year stronger than a year ago,- for the new smelting contract with tho Amalgamated inter- csts means a grcator saving annually on smelting alono of $300,000. Butto Entors Bingham. Butte understands coppor, and it understands un-derstands Bingham. Tho year 1903 has been distinctively a Butto year in Bingham. Butte capital jb coming into Tooolo county for smelter building purposes, pur-poses, and it is alroady safely lodgod in moro than ono Bingham mining proposition, but moro especially the Bingham-Butlo organization. Tho Bingham-Butto is now operating what at ono time wa3 ono of tho big producers of tho camp, and largo profits were shared with stockholders, although only -shallow levels were tapped, and then imperfectly. Dunng tho year tho now owners havo been working at dopth, and just recently their efforts were rewarded reward-ed by tho finding of large and rich oro bodies at lovols nover beforo .;tinlncd. Theso new resources aro just at tho point now where they can bo realized from, bo there is littlo hositation in predicting that 1909 wll find thin company com-pany among flic liberal profit carnors of tho camp, The ores aro rich in silver and load, while a recent strikj, carrying carry-ing $4 gold in addition, adds to tho attractiveness at-tractiveness of tho proposition. Butto capital has boen well placed m tho Biugham-Bnttc, just as it would be safo in any similar Bingham property. Ute Coppor Company. It was in tho old Tiowaukee e.oncen trating plant, now the property cf the Uto -Copper company, that tho experiments experi-ments wero made by tho Ohio Copper company on Ohio Copper ores. In tho plant, which was handicapped by lack of proper water supply, a saving of better than 82 per cent was made on theso ores, and it was along the lines learned thoro that the new 4500-ton Ohio mill is now being constructed. Beforo Be-foro tho new year has passod far along its course, the Tiowaukee mill will be utilized for tho purpose of wringing metallic values from tho ores now boing blocked out by the management of tho Ute Copper company. Tho Uto Coppor is a Thomas Weir and N. J. Catrow organization, the two main interests that brought the Ohio Copper property into its present famo. The Uto Copper company is nearly near-ly two years old now, and it has a very gratifying showing of silver-lead-copper ores at depth. General Manager Man-ager Thomas Weir recently stated that he was desirous of doing "a little more development work on the milling oros then blocked out before going over the old mill and getting it into shape for work on Ute ores. Much interest will be centered on this property during the year. In Bingham the mines of tho United States Smelting, Refining and Mining company are sending down ores to the company's mill at Bingham Junction, but as5 far as the general public is concerned practically nothing is known about theso mines and tho condition in which they are at present. The fact, howover, that the United States company com-pany is increasing tho capacity of its 400-ton mill is ovidenco enough that tho historic old mines owned by it at Bingham aro still capable of making dividends for their owners. The ores carry silver-lcad-coppor. and no moro ideal concentrating rock exists in tho camp. Big Starless Tonnago. Soveral weeks ago when the writer told Col. E. A. Wall that he had learned good news of 'the Starless mine in Bingham, thnt the colonel wns blocking out oro bodies sixty to a hundred feet in width, and that it was as big a copper cop-per mine as the camp held, tho colonel admitted, but not for publication, that such was close to the real conditions. But the colonel is not ready vet to say any'thing about the Starless. Ilo is practically prac-tically the solo owner and deems the public little iuterested -in fcomething that it has no direct interest iu. But during 1909 the conditions iu this property prop-erty will be such that, tho colonel will have to say something father than placo the saying on others who will bo more anxious to open tho eyes of the world to. tho splendid resources availablo in this property. At tho last annual meeting of the Bingham New Haven Mining company, held in this city, nothing was given out for publication other than the names of those selected to head the organization, organiza-tion, and the statement that tho management man-agement during the past fiscul year had considerably iucrensQd tho available tonnages ton-nages in this mine. The management steadily is shipping oro to tho smelters at tho rato of 100 tons a day. nnd two immonso ore bodies have been opened and enlarged during the season. One of those bodies contains copper ores, some of which aro of shippiug grade, while another body contains lead-silver of fiue grade. In 1907 the company was a divhiend payer, and with conditions continually bettering thomselvos for tho mining industry of the Btato, thero is roason to expect this company in tho profit list in 1909. It is a big mine, owned by capitalists of ""P.r tanco in the east, aud should rank high nmoug the camp's producers. Central-Standard. The Bingham Central-Standard property prop-erty during the past year has been productive pro-ductive of very gratifying results. This is a big property, and demands considerable consid-erable expensive development work bo-foro bo-foro the logical results aro obtained. Conditions havo been such during tho past year that tho work desired could not be undertaken, but, with the easing eas-ing up of mouoy and tho improvement that is duo in the prico of the metals this company will enter tho ranks ot first-raters of tho camp. In spito ot tho fact that some magnificent ore bodies have alroady been encountered, the oros carrying splendid silver nnd lead contents, tho real and important rosonrces Ho ahead of tho present workings. work-ings. Tho company is composed of strong talent and doubtless will rccoivo the attention it deserves daring the coming twelve months. Utah Apes. For a year past tho Utah Apex company com-pany has been ono of the most active and best achieving lead-silver propositions proposi-tions in Bingham. Each day tho management man-agement has sent out forty tons on the average of high-grndo silver and lead rock, that boing merely a titho of what could be Kont were tno prices of tho two metals better than at present. v Ono important item that has been rocoiving tho attention of the company ia tho simplifying tho svstem of reaching daylight day-light with tho ores, lleretoforo the upper workings havo provided oro for tho market via the tramway, but that is oxpensivo in proportion to what tho cost of oro extraction will be when tho uppor and lower workings aro so connected con-nected that everything can bo snaked down beneath tho surface to a level corresponding to the railroad grade. It is not loo soon to predict that in 1909 this prominont company will install a largo milling plant to handle tho enormous enor-mous tonnage of millinq grade of ores now being added to daily. The Utah Apox has a very great amount of copper cop-per oros available in addition, and tho conditions in this now year should bo such that tho management can begin realizing on this grade of rock aa well as on tho silver-lead ores. For tho last, mention has beon saved In tributo to tho Yampa Smolting company com-pany and its possessions. Tho Yampa is ono of thoso unique propositions that does much and says little. Armed with its own smelting and converting plant, tho management has beon able during tho year to whip tho proposition into first "placo in tho achiovcrs of tho district. dis-trict. For several months tho company has boon producing above 700,000 pounds of coppor per month, and that means blister copper averaging 98 per cent red metal or belter. Tho year found the company completing tho con-verier con-verier plant and searching tho depths of the mine, developing the oros on each new level as gained. Tho Yampa is now at tho happy stage of earnings and should bo heard from in a dividend way during 1909. Theso properties mentioned aro mere ly tho cream of the camp that havo risen to the top and a dozen or more of the smallor propositions havo not been mentioned that should bo heard from during tho new yoar. Bingham is tho typical mining camp of Utah, and for years will bo tho camp of greatest great-est production in tho west. And it is just beginning to get its proper stride. |