Show I UTAH CONS CONg MINE MIN MAY AV GE GET BG BIG RESULTS IS Utah Consol Consolidated shareholders a are arc re not noti i only surprised at the condition of the mine as has lias been recently developed but they a ate are rc great greatly disappointed at the in ls have at all manner which the ofel officials o ha al times b been en secretive with wih company af at- at fairs fahs It I is a deplorable affair that there should be such a grea great t difference in the tonnage of ore of of- commercial value alue blocked out over O the one previously re reported ye- ye IC I ported by bj engineers of the company compan It I appears that thal the officials are blaming some whom the they feel fecI are aro responsible for this blunder yet et it will be that they did not attach any blame to themselves themselves they paid dividends out of the tho surplus on hand before in informing informing in- in forming shareholders until the treasury was depleted A Ib liberal al estimate of the pre present enl re reserves ro- ro serves is tons accor according in to Consulting Con Con- suiting Engineer Channing Charming and y yet t. t of 01 this amount tons torts are arc placed as probable e ore Former estima estimates tes placed the tonnage at al considerably in excess of double this amount amount This ore oro or averages averages averages aver aver- ages 23 per cent cont copper with some sonic gold hold and silver values The Cue recoveries and the thc gross glss value of this extraction woul would give iYe the company a return of C At the present selling price of copper copperi it i is reasonably certain th that thit t the company should male make a net profit of 1 1 a Ion or 17 a share on its capitalization of shares One of the most encouraging parts of the thc report is th the tho fact all al engineers have havea a agreed that a higler grade rade ore will wi be found foun l in the unexplored t territory of or the company's possessions at Bingham In addition additon to this it has shares of In International In- In Smelting Smelting- and Refining company company com coni- pany ranY shares in Us Its is treasury for which the tho pr sf nt marl market 1 price is 67 an anon and andon andon on which the company is receiving an annual income of Thus the actual actual act act- ual earnings in sight for this stick is at at least a share sharp while the prospective values to be he found in territory terri terri- tor tory makes the stock stok rather an at attra attractive attractive at- at tra proposition ton at present selling prices The International Smelting plant is forced to con confine its operations to from 00 10 io tons of ore a da day clay under existing conditions which will not wi pay anything on nn tl thc tho investment in its Its ItA plant The flie he smelting officials arc arc up more business and they are doing everything everything every every- thin thing in their power to get et a larg larger r tonnage tonnage ton ton- nage nago of ore for or furnaces This Is one of the rea reasons on assigned for Cole Cole- Ryan taking an active part in the de development de- de of mines |