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Show WALKER REVIEWS THE UTAH CON. REPORT Only two statements In the Utah Consolidated Con-solidated report are at all unfavorable. First, tho declaration that tho new copper cop-per ore bodies encountered have been unsatlsfaotory as to grade of large size, but low in value: second, the figures of ore reserves, which show a decrease In the copper oro In sight to 239,650 tons, averaging 2.24 per cent coppor and about 1.30 a ton gold and silver. Among the encouraging features of the developments was the placing In sight of 23.7S5 tons of first-class lead ore averaging aver-aging 15.44 per cent load, 1.04 por cent copper and about 52.25 per ton gold and silver, and also 12,000 tons of second-class second-class lead oro. Every statement In the report referring refer-ring to development work In tho lead arenB of the mlno Is reassuring. It would appear to be the expectation of the management, also, that some high-grade high-grade copper oro may be found In the upper levels, whoro "several crosscuts aro now approaching favorable territory." terri-tory." President Channlng already is being criticised bitterly by some stockholders for tho brevity and the cheerless tone of his annual report. An assay of tho Ink with which it was written certainly would havo failed to show a trace of, hope, confidence or enthusiasm. TTe is deserving of a great deal of credit, how-over, how-over, for the efficient, economical and energetic management he gave the property prop-erty last year. A study of the comparative compara-tive figures presented above will make this clear to anyone who understands mining. Walker's Copper Letter. |