Show ORE ORI DEPOSITS Of UI UTAH AU CON REPORTED TO BE GETTING BEGETTING lOW LOVil Utah Consolidated Is again again in the tho I J iu in il so 60 far as us the tho market valuation valila- valila tion tiun of is its shares is concerned Durin During the tho day clay this stock IO lost t 5 G a share but recovered about half of its is loss before tho the close of tho days day's ay trading trading As soon as is its is shares began to show a bi bit big falling falling falin fall fall- fal- fal in ing oft of the eastern eastorn wires wies were la laden en with WIth messages to this city carrying carrying inquiries in in- in quires as to the mine conditions at Bingham But this availed nothing as the local management is no not permitted to deny or confirm anything relative to development work wor at the company properties properties properties prop prop- in iii Bin Bingham ham and all al information must come from the thc company headquarters ter in New York Just recently Urban li Ii Brou Broughton president of tho the company com corn pany made an inspection of the tho mine and when asked for information he said that these those matters were entirely for shareholders This company has always avoided publicity save when it was laborin laboring with tho the farmers down the tho valley valloy valoy to toI I get their permission to continue continuo its smelting plant There Thero have havo been repeated repeated repeated re re- re- re reports that the mine operations were not fa favorable and this report Came camo to the surface again this mornin morn morn- in ing There is no secret about tho company corn com pany having baving developed more low grade grade than jhan hi high h grade ores for more than a year past and that it i its best bes ore has only about paid operating expenses The riho 1 ho company has paid aid hi big dividends for a number of years these profit disbursements dis dis- a aggregating over oer After the tho bi high grade grade gade ores were worked out mining Tad l h d to be carried on on at a greater reater depth and this made operations more expensive At one time its copper ore was produced at a cost of less than 5 cents a pound With the increase increase increase in in- crease of operating cost and a low product pro pro- duct duet the company kept up its dividend payment for a time by taking taking from its surplus the deficit This was done in hop hop- that some more high grade grade ore bodies would be found and the surplus again built buit up Failing to find the better better better bet bet- ter grade rade of ore dividend payments had to be suspended and the mana management ement has since failed to locate large deposits of a high grade ore Eastern reports are to the effect that an unfavorable report has just been made on tho the future possibilities of the mine as a money maker Experts have hae carefully gone one over the mine workings several times during the past year and it is said that each took an unfavorable view of the situation |