| OCR Text |
Show Iii PARK CITY STILL h FILL OF CHANCES 1 I ' It i' I 1 I' ! Plenty of Opportunity Waits for lj! ' .'n the Investor Despite Great fj ; Output. L ? . ' CAMP HAS SEVERAL VK , MILLIONAIRES TO CREDIT I J, I J J ! ' g ;..;. Old-Time Producers Being Re- RK' opened and Wilt Join ;i; Dividend-Payers. Si '; The Park City Commercial club 1ms "fto issued a booklet on the mines of the ' j 'M camp, the same being written by llenry it"! Walsh. The history of the camp is lif j yivon, also the conditions surrounding ' "VJ the bip producers of the district. The J' ;H camp has produced over $L1S,750,000 as vj follows since oro wae first found in the t I camp: J ("' Ontario ....$40,000,000 Daly 9.260,000 4 r Daly West 13.000.000 ',' i Anchor and Daly Judge 1-1.000.0000 h V5l Crescent T.000.000 J Silver King . 30.000.000 tV Jj, ? McHenry 1,000.000 Ml,, Quincy 3,000,000 ij'l"!? Kenrns-Kcith 1,600,000 , j ' Total fllS,750.000 Ihiji , .After sotting forth the prominent J I, part played in the affairs of the state ht I j' and west by former Park Citv men, men rU' who have made their millions with '! which Salt Lake City was largely built vi fi up to its present splendid condition, L v J r.lie bonk snyst Ltr' , Some examples of the cost of placing ljt ( mines upon a paying basis here may I 1,1 not be out of place, but bear in mind j that wo do not claim thai our state- fhlfl'M ments are exactly correct in dollars vY ' and cents in the stated sums which J I i wq give, as we base them wholly upon I! j estimates. 0 i, j , The oarly development of the Daly i'- West mine cosl in tho neighborhood of , ' $2(50,000.000 before ore which placed it i 4 , upon a paving basis was cut on the 900 , t foot level. This property has since j t paid something like $7000 profits, and . 1 is still in a position to pay dividends 1 t for n series of years. ! The Quincy mine, whicii is now a part of tho Daly West property, was developed by a few men who took a 1 lease and bond upon the property, cani- I lali.ed it with their own money lor $40,000, and before the end of two years succeeded in making more than $3,000,. K 000 through its production and sale. L The great Daly Judge property was ?loscd down and bonded for $300,000 j ind developments intelligently nnd ner- ' j sistently pursued for one year. This , property then resumed active produc- j tion. paid back its bond money and I nearly $.300,000 in dividends during the I i '.ollnwing 3-ear. Tlie great. Silver King, now known I as tho Silver King Conlition Mines company, was purchased under lease and bond by the men who at present , " 1 arc the controlling factors in this great I t property. Their first undertaking con- ,j, f 1 sisted of putting down a vertical shaft J ! 1 of more than "OOVeet in depth and ; j drifting from the bottom of this shaft J i ' some distance in the direction of where i ,, they believed the ore existed. They t wore fortunate in having their judg- I mcnt verified by cutting the ore.' and , from the verv day on which the ore k , was encountered this famous proper! v 1ms been a continuous nnd a great 1 I profit, maker. For a series of years if 1 1 paid $1,300,000 per annum in dividends, f. , j and it is today said to have groater bod- r I I C5 of high grade ore blocked out than ? I t ii any other period of its history. 'I, j The. condition .iust described" is n i , ' usual one with the mines of this dis f 1 trict. As a further example of ore t j permanency, the Ontario after nroduc- V 1 ing more than $40,000,000 still has h, plenty of ore on its lower levels and 1) , its management is busily engaged in , making preparations to again plncc this v I famous old nroperf.3- on the dividend J list. Its works are the deepest m this district; the lower levels being more than 2000 feet, and at this depth its ore bodies are said to be strong, large nnd regular. We cite the above for the jr. purpose of showing to our readers the , J-t . permanency of our ore deposits. 1, Many embryonic bonanzas are known ' to exist, in our district, hut. the owners i J of those are not, possessed of tho nec- essarr means to push the developments of such properties to the point of profitable prof-itable production, yet, it seems hardly A 4 probable that such condition will long 1 ' obtain in a district with a larger per- V, centage of successful mining undertak- ings to its credit and with fewer fail- I) i nres in mining enterprises to mar its ',' ' Tecord. than an' other great camp in 1 .,' ,i this western county. ' ' . San Francisco Mining Stocks, r' SAN FRANCISCO. Ausr. 11. The ofTl- h t clal closlnp nuotatlons for mining stocks V - today were as follows: , ' ' Alta .....S .OtJuIia 05 , , Alpha Con OS Justice 03 I Amies ,.. .13'lCcntuck Con .10 : Belcher 75'MexIcnn 1 .0" f Best & Belcher .-M Occidental Con. .20 U . Hulllon lTjOphlr 1.35 I j' Caledonia 2,Overman 37 V A, Clmllcnee Con . .27,Potoal 45 I , '. i Chollar 23lSavaie of, 1 ' ! Confidence . 1.05'ScorpIon 08 Con. C. & Va,. .91 Sag Belcher .10 ! Con. Tmper 02;Sicrra Xex'ada.. .11 j, Con. New York ,02!SIlver .... .10 Crown Point .. .62 Pnlon Con 19 ! Kxchequer . .. .27:Utah Cqn 05 1 Oould & Currlo .21 yellow Jacket.. 1.07 I,, j. Ilale & Norcros .491 ' I NEW YORK MINING STOCKS. if :J Alice Sl.OojLendvMo Con. .041 j'S Brunswick Con. .01;Llttle Chief ... .07 ' ij CoinBtock T St. .21'Mexlcai 1.00 f Comstoc-k T U.. .ISiOnlarlo 2 00 f C. C. & Va 77IOphlr 1.25 ". I j I lorn Silver ... .SO.Standnrd 1.40 ! . on Silver .... 1. 70' Yellow Jacket .. 1.00 S , ) 'BOSTON MINING STOCKS. P I Adventure . ,S 7.00 Mohawk .. CI. 00 vJjij ' Alloucz 47.00 M C & C 5 UjI1 ; AmnlRam . .. S8.50 Nevada .... 21.371 , I Ariz Com .... 45.00 Old Doin .... r.S.50 i Atlantic .. .. 10.75 Osceola 118.00 '( i ? nutte Coal 2(5.50 Parrot 33.50 i'M Cal & Ariz... 100. B0 Quincy 92.00 1 ,i Cnl &Hocla. C85.00 (Shannon .. ..16 50 I f Centennial . . 35.50 .Tamnrack ... 73 '.00 I; ti Cop Ilanse .. 84.75 ITrlnlty 13 50 I 1 C T)alr XVest '00 United Cop ...11 00 I Kn.nklln . ... 17 '.50 U S Mining... 5C 50 L i ;S Granby 101.50 :U S Oil 37.75 .it, !1 Greene Can .. 10.12,Utah 13 00 K- i Ialp Royalc 29.25 'Victoria .... 45 ,A HasBMIn.... 8.50 IWJnona (3 25 , Michigan .. .. 10.50 Wolverine ...153.00 |
