OCR Text |
Show What Has Happened During the Week MONDAY Eastern market advico is to buy stocks moderately on all reactions and take profits on the bulges. Utah Copper mining at Bingham impresses visitors. Montana-BIngham company driving deep tunnel to tap big vein. United States company shipping. from the or body opened in. its ground by the Opex management, Nevada Coppor Belt railroad line soon will connect with the Mason Valley smelter site. Local stock market opens strong. TUESDAY Tonopah mines aro meeting meet-ing with fine ore bodies at depth, and the monthly earnings are wry satisfactory. satisfac-tory. Eastern authorities say that all the big copper producers of tho world havo curtailed production. July was the beat month for results in tho history of tho Ohio Coppor company. The report for July Is sent out by the Goldlleld Consolidated Con-solidated company. The Daly-Judge company succeeds In pumping the water from the 1600 level, so that work Is being be-ing done there for the first time in many years. WEDNESDAY It Is planned to organize or-ganize a new company for tho purpose of taking over the South Columbus and AHa-lIccIa companies of Alio. Chlno Copper company abandons underground re extraction plans, and for years will ilno by the steam shovel method. President Presi-dent Bamberger denies that the eastern published merger terms aru correct. Samuel Sam-uel Untermeyer denies that there Is a world-wide movement on for combining copper properties. Cost of copper production pro-duction by main companies is given. .THURSDAY G. W. Hartley, pioneer of the National camp, gives some remarkable remark-able figures on production. Herman H. Green and local associates secure magnificently mag-nificently located lease at National, Nov. Local bankers are Inclined to view tho future optimistically. Director Jacobs of the South Columbus company resigns, as he is not in favor of the proposed merger with the Alta-Hecla. Boston-Morgan Boston-Morgan company will start mining operations. opera-tions. Tonopah Belmont roported to have struck fault at depth. Political iihws main point of Interest In eastern market circles. FRIDAY Mammoth Mining company sends report to stockholders, Sidney Norman Nor-man of Los Angeles urges upon Utah the Importance of the coming session of the American Mining congress. Gunn-Thompson Gunn-Thompson company opening some fine silver and load mines in Montana. General Gen-eral Manager Colin Mcintosh of tho Ohio Copper company returns from Europe, and says that the mill will be finished shortly, iron Blossom becomes tho main feature of trading on the local ox-change. ox-change. Some are beginning to wonder If the programme of coppor curtailment is actual or merely a suggestion to bring the consumer into line. Another drill on the oastern ond of the Inspiration Coppor property drives Into copper ore averaging 2.75 per cent. SATURDAY Daly West company finds oro on the 1900-foot lovel. All Park City Is preparing for unusual era of usefulness. useful-ness. Utah Leasing company places an order for a fifty-ton mill to treat slllclous ores of tho old Telegraph mine. South Columbus Consolidated directors issue statement regarding tho proposed consolidation. con-solidation. Ohio Copper mill is all ready for the crushers and tables. Salt Lake City may mako an effort to bring tho Headquarters of the American Mining congress from Denver to this city. The Mammoth territory originally secured by tho company is by no means at the point where furthor development work is of doubtful character. |