OCR Text |
Show ICIi-UTl IS SEHiis new record; Twenty-six Cars of Ore Settled Set-tled for This Month; 20 More at Smelter. OFFICIAL STATEMENT President Haire Believes Mine Will Soon Be in Con- j ! dition for Larger Output, i Norman W. Haire, president of the i Michigan-Utah mine of the Alta Cotton- woods, yesterday issued the following of- j ficial statement: j . . Thus far this month the Michigan-Utah Michigan-Utah Consolidated Mines company - has settled for twenty-six cars of ore. . ' There are in the United States Smelter Smelt-er yards twenty cars awaiting settlement settle-ment and there is considerable ton- , nage yet at Tanner's Flat to come to ; Wasatch, and there are about 200 ; tons on the platform at Wasatch ! awaiting shipment to the smelter. The "j - tramway has been running steadily j all this spring. All the ore that has been settled for is of excellent grade. Shipments have been coming pretty regularly every day. May Extend Tramway. The company is now considering a proposition to extend its tramway from Tanner's Flat to Wasatch and it ' is pretty likely to be thus extended between now and the first of Novem- ! ber. This will render the company independent of any other transpor- i tation line between its mines and Wa- i satch. The company has waited long 1 and patiently for the completion of the railroad from Alta to Wasatch, ; but the railroad management is still up in the air, and the Michigan-Utah, ; owing to the fact that it already has i more than two-thirds of the distance covered by its tramway, has about concluded to complete the same to ! Wasatch. The money for building this j tramway will not be taken out of the ! Michigan -Utah treasury. It will be operated as a tramway company. The company has probaly more than 1000 tons of ore ready for shipment on its own account in the Copper Prince tunnel. This will begin to I move down the tramway shortly. It ; is now in a position to make regular - shipments from the Copper Prince j tunnel more than up to the capacity of present transportation facilities. j Ore From Solitude. ! D.- C. Despain is again shipping j from the Solitude tunnel. This ore is ! raised from the Solitude tunnel to the Cleaves tunnel and sent down the tramway to Tanner's Flat. Despain " has already sent two carloads of ore to the smelter and two more will fol- . low this week. The total shipments from the Michigan-Utah on July 1 will closely total the full amount shipped in 1916, when more than 7000 net dry tons were sent to the smelter. Blames the Railroads. One of the amazing thing's of this whole business is the fact that the ; railroad companies do not prepare to handle the immense tonnage of ore that is coming out of the Little Cottonwood Cot-tonwood canyon this year and for an indefinite period in the future. Other companies will soon be shipping and the railroad companies are not handling han-dling with any degree of efficiency the ore now coming down from the Michigan-Utah. It remains to be seen what thev will do with the ore when the South Hecla. the Alia Consolidated, Consoli-dated, the Sells and other companies heiiin to ship. This is one of the manv reasons why the Michigan-Utah is considering the extension of its tramway to Wasatch. After the ore is once landed at Wasatch it can easily be transferred to the smelter liv tractors at an expense no greater than is now charged by the Salt Lake & Alta railroad. Furthermore, tne highway will be open the year around and the Michigan-Utah can deliver ore every day in the year. Problem Is Serious. Tills railroad proposition Is one of the conundrums quite impossible for the ordinary mind to solve. They have spent a good many thousands of dollars dol-lars in the Little Cottonwood, but -nothing is completed, and it begins to look, at least to the Michigan-Utah Michigan-Utah management, as if nothing will be completed . The company is not dependent on the railroad for its transportation and that is why it has been able to keep shipping every week in the year over its tramway. Boston Copper Quotations. J. A. Hogle & Co., 169 South Main street, furnish the following quotations, received yesterday over their private-wire: private-wire: BOSTON" LISTED CLOSE. Bid. lAsked. Adventure 34 Ah meek 102 103 Algomah 60 75 Allouez 65 66 Arizona Commercial 14 1"44 Balaklava 75 S3 Calumet & Arizona $3 S4 Calumet & Hecla 655 560 Centennial 20 Copper Range 63 Va 64 Daiv West 1- 2 East Butte 13 V6 I4 Franklin 7 7i Hancock 16 IfiVfe Hedlev Gold 16 IS Isle Rovale "2 324 Island Creek 67 68 Preferred .-. . . 92 92' Davis-Daly 5 5"s Indiana 2J4 3 Keweenaw 44 43i Lake Copper 13 14 Mass. Consolidated 134 13Ri Mayflower 2-"! 2"i Michigan 4 f 4H Mohawk 90 I 90 Mason Valley 64 6ai New Arcadian 32 4i North Butte 224,1 23 Old Colonv 3 Old Dominion 63! 63i Osceola 90 I 91 Oltbwav . . 1' 2 Pond Creek 23si 24 Quincy : 91 1 91V1 Shannon 81 Sni Santa Fe t 1 I 1 S Xipissing T1! 74 St. Marv's S3 I S34 Superior & Boston Mfcl 5 Superior Copper 9' 10 South Utah 20 I 25 Swift & Co I 157 Kerr Lake 4 4 Tuolumne 1 3-16; 14 Trinity 3UI 31 Un. Shoe Machinery oRTsI Preferred 27 ! 2S Utah Apex 2' 3 Utah Metals f-U I 5'4 Utah Consolidated 1 17V 18 United Fruit 130 ! H0 Victoria 4 4U , Wolverine 44 45 Wyandotte 00 I 100 Winona 31 4 U. S. Smelting 62 62; Preferred 51 I 51 BOSTON" CURB CLOSE. 1 Bid. iAsked. Bingham Mines 12 12 i Bohemia lJi' U.-2 Boston Ely 60 I 70 Butte & London 22 23 Calumet & Corbin t IK1- 2 Calaveras I 3 V 4 Butte Copper & Zinc ll! 12 Chief Consolidated I 2 9-161 25i Consolidated Copper I 51 5i Crown Reserve I 30 1 35 Barnes-King 1 ' 2 Eagle & Blue Bell I 2fc, 2!i Houghton I 90 J 97 Majestic I 63 Ray Hercules 1 4 I 4'4 Nevada Douglas j 1' Is New Baltic ! lV 1 New Cornelia 163I 17 Ohio Copper i Oneco 5fl 60 United Verde Extension...! 37 ! 2714 Jeroma Verde 1 11-15! 14 Yukon ! 2 |