Show East last Discusses ses Utah Metal Mines I s. s Hecla aUed non I IW W Woodlawn Also Is Included Utah mines are discussed as follows in the latest SEVERAL market letter lof of Charles S. S Stoneham Co SOUTH HECLA An Interesting market during the last week was the time activity of South Hecla Alta district Utah on the Salt Lake exchange From a al a price or r f which In itself was nas an advance of or 42 J cent from the first sale of the month It it shot up to a maximum of A followed which set the time stock back bacle to but left a net gain of 77 cents for the he month Such Improvements as have taken place In Inthe Inthe Inthe the mine have been slow and steady The The principal betterment In the south bouth Hecla workings has been in the eastern end of the property In what is known I is s the sulphide slopes Here the ore Insight in itt insight sight has been increasing at a very rapid rate and considerable reserve reserves have been built up The Time general manager Colonel Watson Vatson is quoted as saying that he could ship tons of 01 the ore a a. day If he get that amount to the road The ore is more valuable than the carbonates which constituted the time outI output output out- out I put from the older part of the mine though not in the bonanza class The Thelow Thelow Thelow low capitalization of the company gives I emphasis to every sale and purchase There are less than shares outstanding outstanding outstanding out out- standing a majority of the outstanding shares are closely held and there Is veryn very little of It floating o around Again by izat lac ac W reason n of th the small a l capitalization very moderate would maintain a re respectable respectable re- re profits f gl dividend I WOO WOODLAWN D LAWN I There seems to be he a substantial basis for tor the report that a very Important strike has imas been made by the deep tunnel I In the tho Woodlawn Cottonwood district Utah as reported In our previous letter lette Sufficient ent d development has been Deen performed performed performed per per- perI I formed to prove that the foot five-foot body I of silver-lead silver crosscut by the time tunnel is not a sporadic Incident but is a genuine demonstration of apparent permanence In drifting n on the vein n the miners Ia are bg tre f theore breaking e I about twenty t tons a day the theore ore averaging 18 or 19 ounces In silver sliver and as much per cent of lead Less im important Important important Im- Im I discoveries than this have caused Alta Aita stocks to go to 2 and 3 a a. share but the Woodlawn holds steady at 35 So to I 40 cents It owns ons nine claims In a o of Silver Sliver Fork and has a foot 1285 tun tun- I nel nd I CARDIFF Ore of much higher grade than was the rule last year is coming down from the Cardiff Cottonwood district Utah The last carload which reached the smelter averaged about 80 a a. ton in lea lead I a and d silver sliver It was derived from a comp comparatively com com- I p new shoot found south of theold the theold I old slopes and at greater depth The ore streak Is said to be six and seven feet I wide in places The Cardiff is still sUll experiencing ex- ex great difficulty in tn get getting getting- tin even a a. small part of Its ore to market owing to the tho bad road In Big Cottonwood canyon EUREKA LILLY Increasing Is announced I as occurring In the bottom of the Incline going down from the foot 1400 level of I the Eureka Lilly East Tintic for the purpose of reaching the ore horizon made I famous by the TIntic Standard adjoining I the Lilly on the east cant The Incline is be bellow below below be- be low the level about feet and approximately approximately I 1300 feet teet below blow the surface IRON KING I In order that they may be In at the and believing the killing to be beat close at hand stock buyers buers have been investing freely in shares of the Iron IronI King East Tintic Utah and paying I six times the price of a year ago The new shaft in the Iron King Is about 1275 feet from the surface and 1000 feet below the tunnel level There are indications that or feet more will put It Into the lime beddings where the Standard further north has opened the biggest single ore body ever eyer found In the Tintic district In fact Iron sulphides are al alI already already al- al ready appearing In the bottom of the I hole |