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Show BRILLIANT FUTURE FOR UTAH'S MINING INDUSTRY i-iu - .J33-r2hK - .... r, '" " - --"--- Plant of Chief Consolidated mine. V 1 - CHIEF CONSOLIDATED MINING COMPANY. Mining ability and p:ood jmigment have brought ttie Chief Consolidated Mining company tip tn tli& front rank among the minfs of lTtah. in 1005 Walter Pitch and J. R. Finley climbed over the bills from tfac Grand central mine, on their way to Kureka, pa?sins: over what is known as Poverty Hal. Krum their knowledge of the to-rography to-rography of tile country, they believed that larae ore bodies would be found in this ground. For the purpose of taking over and developing this ground, Mr. Kftch interested his friondK in the east. With a treasury of S-0,UOD Mr. Kit eh KigFted dc-velnpmeni. work and, by his persistent and well-directed efforts, the Chief Consolidated is now one of the greatest mines in the Tintlc district. After fully investigating the possibilities possibili-ties of the eastern and northern parts of the distrk-t, Mr. Fitch decide. to take over more ground and develop it. This vast territory, it is expected, will in a short time be one of the chief assets of t lie company. The company now owns 50uQ acres of mineral ground. I Hiring the year it has made some great advances, included a mong which may be named the acquiring of the controlling Interest of the Plutus Mining company, which takes over some fourteen claims contiguous to the Chief and which have paid dividends, and the. acquiring of a very large territory In the east and northern parts of the Tintic district. In this the Chief Consolidated acquired the interest of the R. G. V. Mining company a t Homansville, on which considerable work has been done this year. On this Homansvllle ground a shaft has been sunk i00 feet, from which the coin-pa coin-pa ny is now drifting. The sha ft was si'nk under contract by the concern of Walter Fitch. Jr., incorporated, which made a world's record in shaft sinking. On this shaft 261 feet of sinking was accomplished ac-complished in a month of thirty-one days, while another month showed 2fi3 feet of shaft work accomplished. Some of the advantages lha t the Chief Con-Mjlidated Con-Mjlidated has found in contracting development de-velopment work are that the work can be more quickly started and the usual preliminary of organization, gathering material and men, i.s done away with. The contractor has organization, unusual efficiency and all the latest devices for rapid development. The Chief has already this year paid its stockholders $ 1 TU . J 8 1 in dividends, "hich is at the rate of 20 cents a share, rind still has a large treasury with which to carry on the imnv-ne amount of development de-velopment work that it has under way. In the report of the Chief Consolidated Mining" company - for the period from January 1. 1016. to September 30. 1916, the following statement is made for the directors by Walter Fitch, president and general manager. The report of the treasurer and superintendent su-perintendent for the first three quarters of the eighth year of the company's op-erations op-erations are herewith submitted and cover th period from January 1 to September Sep-tember SO. imi'.: The development work was si ill further fur-ther increased and has been pushed as vigorously as possible with extremely satisfactory results. This has largely increased in-creased the expenditures, but these have been more than compensated . for by the Hoist at Chief Consolidated mine. largely increased earnings. The latter, it is well to reoiember, are not primarily the outcome of the high metal prices, but in the first place of exceptionally good ore, next of quantity; therefore, it may be possible, as was demonstrated by the earnings of 1012, to have large earnings earn-ings even when these prices are normal. INCREASED DEVELOPMENT. For the most part, the increased development de-velopment work has consisted in making the opening avunuea on the various levels to the lime beds, which experience has proved carry the ore channels. These beds have been carefully correlated. Experience Ex-perience amd the expert geological work have mudo it possible now to avoid mere speculative drifting and permits of these avenues befcig projected and driven with very definite results. i Work was started on what is known : as the Pinion Peak tract, on me com- I pany's new group of claims in the eastern east-ern part of the district, and a shaft sunk there to a depth of 600 feet and drifting commenced in the hope of finding there a new ory zone. Nothing of importance has yet been developed, but we consider conditions encouraging. Tli; Scotia mine option has been surrendered sur-rendered and our work there abandoned. The Eureka City Mining company, which in 1H10 was organized by your company to acquire -the mineral rights under the Townsite of Eureka, having completed this work, your company acquired ac-quired all of that company's shares and now owna all of these mineral rights, and the first-named company has been dissolved. dis-solved. During the year your company has purchased numerous additional mining claims and also a majority of the shares of the Plutus Mining company, which it now controls. The lands of that company com-pany adjoin those of yours and it will be explored by the extension of the mine s workings. The report of Cecil Fitch, superintendent superintend-ent .on the development work is as follows: fol-lows: The summary of the work and production produc-tion here given cover the first nine months, from January 1 to September 30, 1916: Feet. Drifting 15.701. 3 Raises 1,566.0 Shaft 5i)3.0 Total 17.350.3 The total shipments of ore were 62,006 tons, yielding net, alter the payment of smelting, transportation and sampling charges, SI. 1 rj-T.O00.S3. Metal contents Ounces. Gold 6,461 Silver 1.3M.!S6 Pounds. Dead .. 13,549,935 Copper 1,795 Zinc i 730,249 Ounces Assay values per ton. Gold 104 Silver 21.37 Per ct. per ton. Dead (on lead ores) 13. OS Cnpper (on copper ores) 1.95 Zinc (rm zinc ores) 30.5 Average gross value per ton $:il.3S Smelting, freight, sampling, etc.... 12. 7S Average net value IS. 60 Bailey and Company BROKERS LISTED AND UNLISTED STOCKS Telephone Wasatch 1431. 216 BOSTON BUILDING, f Bait Lake City, Utah. The net profit after the payment of all charges was $474,247.35. A general description of the development develop-ment work since the last semi-annual report is as follows: The 1000 ore system sys-tem is being worked between the 600 and Sim) levels. This section continues to give the main part of the product. On the 900, 1000. 1200 and 1-100 levels of this system sys-tem a small tonnage of ore is being mined. Some zinc ore was found on the 900. ON THE 1400 SYSTEM. On the 1400 system no further extensions exten-sions have been developed, but a small tonnage of ore Is being gained at that point. On the 100 system the ore has been followed, from where it was first discovered dis-covered at the 1S00. up to the 1500. The extension of the lower portion of the main ore body on the 1S00 is now below the permanent water level. Arratme-ments Arratme-ments for pumping will have to be made before this can be followed further. The following drifts mentioned in the last report have been continued and have found new ore, 1213, 1664, DsOO, lfcOO south 10(12 and 1.S27. Other drifts now being driven in the ore zone are in.-,5 south of the 1000 ore system, the 1213 east of that system and the If 03 in the system. The 1004 in the nou ore system and the 607. 621 and lj!52 south of It. The 1S73 west in the 1S00 svstem, also the J 293 west. 293 east, 1250. 1410 and I 1S7H east. The 1267. 1655, 1630N and the JROON are running to the north and the lis27A to the east. The 3844 and 10,112 drifts are hoing driven east and west outside of the limits i of the ore zone and are strictly exploring drifts. Nearly all of the above drifts have cut ore of more or less importance, much of this is waiting further development. Those north of the 1S00 ore system are seeking an expected fourth ore system in that direction. di-rection. The treasurer's report of the receipts and disbursements of the period la as follows: RECEIPTS. Jan. l. 1916. cash on hand ... 210,034.03 Ore sales, nine months 976.3S0.O5 Interest, six months 2400. 00 Eureka City Mining Co 71,173.49 Due from smelter &5.527.S3 Total $1,315,224.40 DJSURSEMKNTS. Operating costs, nine months. $ 502.141. 70 Machinery and equipment 1I.-J74.10 Construction 14, 135 .06 Mining claims 153,594.97 Houghton expense, 9 mouths. 2,664.63 Feb. 7. dividend No. 7 44.033.81 May 15, dividend No. 8 44.14S.15 Aug. 2. dividend No. 9 44.149.55 Due for labor 52,112.33 ! Oct. 1, 1916, bal cash on hand, 446,970.07 : Total $1,315,224.40 (Advertisement.) TINTIC STANDARD MINING MIN-ING COMPANY. The Tintic Standard Mining company, in the Tintic mining district, Utah county, with its holdings of ninety-one claims, sixteen oC which are patented, ban development work in progress that will eventually place the mine among the largest and most profitable producers pro-ducers of the state. The operations of the company extended ex-tended over a period of nine years before be-fore the permanent ore body was discovered. dis-covered. During this timo more than SO00 feet of shaft, drifts and crosscuts ; were made, entailing a large expenditure expendi-ture of money. The work was, however, diligently prosecuted under many adverse ad-verse conditions, the management being confident tbat tho workings were in valuable ground. Tho property is in the hands of experienced ex-perienced mining men, who are san- if 1 " Buyers of j Furnace Products I 1 1 Shipments should be consigned to United States Smelt-s Smelt-s ing Company, Midvale, Utah, and Bills of Lading for- X warded to the United States Smelting Company, Salt Lake City. 1 I TERMS QUOTED ON APPLICATION 3 To the United States Smelting Co., Newhouse Bldg., Salt Lake City. j The United States Smelting Company Is a Subsidiary of the j United Stales Smelting, j Refining and Mining Co. PLANTS AT Midvale, Utah Kennett, Cal. Needles, Cal. j Gold Road, Ariz. Grasselli, Ind Chrome, N. J. Pachuca, Mexico j La Harpe, Kansas Iola, Kansas Checotah, Okla. Altoona, Kansas guine of the future success of the mine. In the earlier operations low-grade ore was found at a depth of 400 feet. In 1910 a shaft was sunk to a depth of 700 feet and a ventilating connection connec-tion was made with the old shaft on the 400-foot level. At the 700-foot level crosscuts were run east and west on the quartzite, which had been encountered at a depth of 550 feet in the shaft. The sinking of the shaft was continued to a depth "of 1000 feet, where a crosscut was then run northwest for about 300 feet, encountering the above-mentioned contact. The ore there encountered did not prove profitable and the work was continued along the contact a distance of 700 feet, from which point several cars of silver-Jead ore were shipped. This drift was extended to the li!00-foot li!00-foot point and ore of an improved value was found. Realizing that better values would be found in depth, a winze was sunk on the dip of the vein to a depth of 1600 feet and by crosscutting a large body of shipping ore was encountered. This deposit was opened on the strike for a distance of &50 feet and across the deposit for more than 100 feet, and at no place has either wall been struck. All of the ore extracted has been of a good shipping grade. This strike represents an ore body of vast tonnage, which no doubt will continue in streugth for a long distance on the ! strike and dip. This ore body has un-I un-I mis tak able evidences of a deep-seated i : origin and its great productiveness and loim life are assured. The present shipments net the company com-pany about $1500 per carload of fifty tons, or better than $30 per ton. Shipments Ship-ments at present are 700 tons per month. The mine has been on a paying basis since the discovery of this ore body in June last, and increased shipments ship-ments of this ore will put the mine in the dividend class. In October, 1916, it was determined to sink another shaft for additional ventilation and for economy in handling han-dling ore. This new shaft should bo completed to a depth of 1300 feet by about July 1 next.. In the meantime, with the additional ventilating machinery machin-ery and new air compressor, which have been recently installed, the management manage-ment has reason to believe that the output of ore will be sufficient to pay expenses and afford a substantial surplus sur-plus and reserve fund. The new equipment consists of an electric line constructed to the property, proper-ty, electrically driven drum air compressor, com-pressor, pressure blower and double-drum double-drum hoisting engine, air receivers and water pipes, two new bunk houses, shaft house and one dwelling house. The three-compartment shaft is now down 250 feet. "When this shaft has been completed to the 1300-foot level it will give the company two working shafts. Since the discovery of the permanent ore body in April, 1916, the mine has produced about 3000 tons of ore. The officers of the company are: E. J. Raddatz, president, general manager and treasurer; VV, I. Snyder, vice president, pres-ident, and George I' Busch, secretary. (Advertisement.) STIMPSON EQUIPMENT COMPANY. The Stimpson Equipment company is a co-partnership composed of C. W. Stimpson and Paul T. Boise., both men of large experience in their line of business. busi-ness. The company was esfablished here three years ago. The company handles mining aad milling mill-ing machinery of all kinds, smelter supplies, sup-plies, building materials, concrete mixers, mix-ers, contractors' supplies, locomotives and cars, and is sole agent in the United States for the Jauney flotation machines, ma-chines, which are manufactured under the supervision of the Stimpson Equipment Equip-ment company in Salt Lake City. The latter machine has met with unqualified unquali-fied success in the intermountain slates and is now used by many of the large mining and smelting companies. The following plants have been equipped with these machines: Nevada Consolidated Consoli-dated Copper company, Federal LTand company; Boston Copper company, Federal Fed-eral Mining & Smelting company, American Amer-ican Zinc company of Tennessee", Bxaden Copper company, East Butte Copper Mining company, Utah Apex Mining company, .Nevada Metal Extraction, Hercules Mining company, Idora Mining company; Broadwater "Mills company, Ray Jefferson Mining company and the Midvale Minerals -company. The Equipment com pan v will make tests with the Janney flotation machines ma-chines at actual cost, furnishing men from its engineering department who have had loug experience in flotation addition to the above lines, tho Stimpson Equipment company is representative repre-sentative for the Lidgewood Manufacturing Manufac-turing company, Clark Car company, Pacific. Foundry company, Worthington Pump & Machinery company, H. K. Porter Por-ter company, Detroit Steel Products company, Columbia Steel cpmpany. Industrial In-dustrial Works and the Manhattan Rubber Rub-ber company. The operations of the Stimpson Equipment company extend over the territory ter-ritory covered by Idaho, Utah, Nevada, Wyoming, etc., and the business in this wide field is secured and cared for by a force of traveling salesmen, direct correspondence and circularizing. The office of the Stimpson Equipment Equip-ment company is located 3U1-302 Felt building in this i-ity. (Advertisement.) ! ARTHUR L. THOMAS, President. ARTHUR L. THOMAS, Jr., Secretary, i FRANK B. COOK, Vice President. FRED H. VAHRENKAMP, Director, j j Thomas Insurance & Investment Co. INCORPORATED W,L Fire, Automobile, Plate Glass, Accident, Health, I Liability, Burglary and Parcel Post Insurance l MORTGAGE LOANS. I i I WE WRITE BONDS i ATLAS BLOCK. SALT LAKE CITY, UTAH. c |