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Show T T T 1 Mines and Mining There has been a decided bull movement on in the local mining exchange and the volume of business has broken the record. This in the face of the difficulty of obtc '.ig money for any kind of enterprises enter-prises shows that the industry is a much in favor in investing circles as ever. True it is that much of this stock activity is caused by speculation, specu-lation, but unless the mines were active and the metal market improving im-proving there could be no forward stock movement. During the week advices have reached the west from eastern and European centers to the effect that the surplus copper had the unprecedentedly low figure of 50,000,000 pounds, and that the increase in consumption was growing greater all the time. This means dearer copper; in fact the price is now altogether too low and an advance can be expected at any time. With this accomplished, the opening of the copper mines to full production is a thing of the near future. Lead is slowly and surely creeping back to its old figure. It fluctuates it is true, but no lo.ss is as great as its gain. This being the fact, the lead mines are preparing to open up again, and as the smelters are beginning to stock up on all the metals, shipments from most of the camps have been resumed. Outside of Utah the industry is progressing. Nevada is dropping her wild cat speculation and getting down to saner mining. Good news comes from Piochc, Gold Springs, Seven Troughs and Ycring-ton, Ycring-ton, all of which arc forging to the front. The draining of the Ontario and its neighboring mines has started the industry afresh in the famous Park City district, and at least one It? of the big mines there will be back in commission before another week goes by. Altogether shorn of all its speculative excitement the week has been an unusually prosperous one for the miners. BINGHAM. The Ben Hur Tunnel of the Boston Consolidated mine is being pushed with all possible speed. This tunnel will be the outlet of an I immense tonnage of ore. The steam shovels are now working on the porphyry areas and are being pushed night and day. There is no longer any question but that the New England mine will be in the shipping column in the near future. Operations are already opened and the property will be in shape to produce in a very short time. The Old Highland Boy mine is now sending 1,000 tons of ore to the smelters, and it is in 'a better condition to stand this great production pro-duction than at any time in its history. As the A. S. and R. smelter at Garfield is handling this increased tonnage easily, the amount may I be increased within the next week. Today the Bingham miners are holding their celebration. They are a sturdy set and are not in the least deterred from haying a good time because it is the 13th. The old story of the Utah Consolidated buying up the stock of the Utah Apex is again to the fore. TINTIC. Delays in getting the power over the hill to the new Knight smelter, and the gathering together of the odds and ends of the plant, are now moving so slowly that it is the opinion of many that it will be nearly September before the plant will be ready to blow in. The Iron Blossom and Sioux Con. mines have been the sensation of the week in the district. Last week the directors of the Sioux Con. company came out with a statement that there was no ore in the mine. Shortly after this statement was made the mine was opened and a few shots in the shaft exposed a body of ore. This body has been sunk on for several feet and has been proved to be a very high grade, some of it reaching 3,000 ounces silver to the ton. In the Iron Blossom an ore body has been opened up in the La Bonita claim. The body was tapped on the 400 level and has been gone in on for twelve or fourteen feet, assays showing from 60 to 90 ounces of silver. It is the opinion that it is the Colorado ledge which has been tapped in both properties. It is stated that seven feet of ore has been tapped on the 1400 level of the Black Jack. The ore is all of the shipping grade and averages aver-ages $60 to the ton. Possibly the most important strike of the week was in the South Swansea mine. Scarcely had the new management vaulted to the saddle when a fair body of ore was opened up. The strike is in the upper levels of the mine. Work on the Esmeralda is being pushed and while nothing sensational sen-sational has developed it is looking well. During the coming week work will be started on the eastern portion of the lower levels to get under a body of ore which showed up well above. Work at the Ajax will be resumed at once, and the mine will ship from the turnloose. The ore bins are all full of ore and in the lower levels some fine ire bodies were showing up last fall. Those on the inside deny the truth of the rumored sale of the Victor Con. The latest reports from the Tintic Standard are to the effect that the drifts are nearing the ore bodies and that a strike can be expected ex-pected any day. Those who have examined the property recently say that it is the biggest prospect in the district. PARK CITY. - II Everything is in readiness for the opening of operations at the I Daly-West. The lower levels of the mine are draining fast and when j this is at last accomplished the old producer will be back again . t with the old time production. II The last of the obstructions in the Ontario mine has been opened g ! and it is said that it will be but a short time before the mine will be l free from water. ' !l As the days go by the work of the zinc plant is improving. It is U now certain that plant will be increased in size and that other mines . in the camp besides the Daly-Judge will open up on their zinc ores. This mill will prove the salvation of many Park City mines. " BEAVER COUNTY. ' M The great Cactus mine at Newhouse is said to be in the finest ;l shape of its career. The plant is working without a hitch and the mine is still responding in a wonderful manner to development The management of the Indian Queen are highly pleased with the working of the new machinery. Drilling is now going on as never before in the history of the mine and all connected with the property are of the opinon that a second Cactus will be opened up before snow ( flics. I -M An ore strike was reported from the Buckeye during the week. H This property is among the younger ones of the county. Ore was en- I countered about eighty feet from the surface, and runs well in copper, I silver and lead. I A contract was let during the week by the Lcnora Mining Co. for a 300 foot tunnel on its property. This tunnel will strike the Ij ; ledge at depth and it is thought it will be encountered before the . j contact is completed. ' I The Burning Moscow is shipping its usual amount of ore and is preparing to start a heavier production when the shorter haul is made JM possible. (I (Continued on l'acc 14) j See D. W. James for Plumbing, Steam and Gas Fitting, Steam -I and Hot Water Contractor. Estimates on all kinds of Plumbing M gladly given. We give you honest figures. Both phones 379. 67 East First South St., Salt Lake City, Utah. EXCURSIONS EAST. II June 1st, 6th, 8th, 12th, 13th and 15th, via Oregon Short Line ? and OVERLAND ROUTE. Greatly reduced rates to Omaha, Kan- M sas City, Chicago, St. Louis and other eastern points. Tickets limited to October 31st. City Ticket office, 201 Main Street. ' IM MINES AND MINING I (Continued from rage 11) M OPHIR. J Good word comes up from Ophir regarding the Cliff mines. It is stated that the ore body struck some time ago is broadening with depth. It is now over twenty-five feet in thickness and is all of the shipping grade. MARYSVALE. The Cascade mine which recently sent its metal shipment to the market is preparing another. The development of the property is going on along the line of its gold values though the ore shipped is of copper, silver and lead. Work on the Deer Trail will be under way during the coming week. i OUTSIDE MINES. The new Mazuma Hills mill at Seven Troughs is working in fine shape and is dropping its stamps on a fine quality of gold ore. It is stated that the owners are now thinking of turning it into a custom mill and erecting one of greater capacity to reduce the Mazuma ores. Should this be done the new mill will have twenty-four stamps. The Kindergarten is also in commission and is working like a charm. An immense amount of ore is now being taken out of the mines. Every property in the camp is active and several of the leasers are being rewarded re-warded with fine showings of mineral. Word comes up from Gold Springs to the effect that development in the Jennie is showing up constantly greater ore bodies. There is strong talk of an increase in the capacity of the mill. The Lucky Boy i mine of Pioche is said to be in fine condition: A contract was let recently for a shaft 300 feet deep. All the mines in the camp arc active. VIRGIN RIVER OIL GUSHER. Another well has been "brought in" in the Virgin River Oil field. The new well is owned by the Paraffin-Virgin Oil Company, i and is its first well. The oil sand was punctured a little over 500 feet from the surface and is now flowing 100 barrels a day. The two other wells in the field which have been brought in are pumpers. Expert Kodak finishing, Harry Shipler, Commercial Photographer, Photog-rapher, 151 South Main Street. |