| Show 1 UTAH iii GOrt CONI IllS HAS BRIGHT fUTURE An Engineer Takes Little Stock In Story Printed in Boston Financial Paper YAMPA VEIN FAULTING i limb JiltS Xo No Connection With Ore te hotly on Vat thu Iho Time The Into story I 10 1 printed in a Boston roston Ial lal publication tion Utah Consolidated nod which resulted III In u a serious decline In that stock Is regard regarded ed ell by b n it well known l mining engineer en who nR recently given the privilege of or nn examination of or the tIme lime us UR being entirely unwarranted In li until said he lie 1 1 see ace no occasion f ill Jr r alarm ns os to 10 the hite future of this great producer dividend payer holder who dispose u or of their holding on tho tile strength of this scare mime arc III mak making lit ing It t mistake I regard the stock alock at lit present prices as us being un an excellent buy bu The Tile earnings of ut the company this year should exceed those of last Inal anil multi there thole Is IK no iii to lo doubt that tile the company will do to equally as us well troll hI lo lothe the way WI of o dividends Whiles It Is j true truo that time the upper lev ley leyel cia el have been deprived of ot the tit richer onH therm Is itt yet ot a n very vel large of low luw grade uie we for tor lion and lIhi In tn to lu sup supply supply ply pi the studier for several yours to I 1 come CollIe The rhe future ot or the tho mine tiC f course C depends upon the time that thai will UP Lu 1 P brought from the lie hc below low tin Ih present lower lowel levels lef I which ire Intact and amid which I 1 know to Iu present pre n 1 1 must most The Statement made by tI time till Boston paper lo to the effect that the tire ore body from which time the company him ha s bum bl UK lit supply of or smelting ore rio host 1111 faulted Into tub the Tampa simply hows that thul the time writer of ot the article dd mild not lil his hili subject The Tha ore ie body b I td In III tho thu lower levels Irel of uC the mille j has hll hia tic connection whatever wIth hum Tampa befoul vein hence the time statement I Ito to 10 time tho contrary la lit preposterous The fite Utah Ulah Consolidated COU olla hns hils n 1 th por portion tion of the 1111 Yampa vein but bul for tur the reason that the ore ome there is I of uC lower grade glade than that thul found in III inthe the lower lover levels the former manager Mr Str gave gac gt It but hut little atten attention inn tion t That the thc Utah Ulah Consolidated will abandon Rh Its Us present smelter at III I una unaI Is I im a II conclusion and In iii all probability time the to build a ant In plant In to county will wm be hc carried out Is 18 If Ir time the present r manage management ment succeeds In arranging with whim th hi citizens of that community aS II a to Ii tha tIm acquisition of oC the land lanu needed to con Mn conduct conduct duct tIme tho enterprise together I with easements Undoubtedly the mining illuming costs ot of the Utah Consolidated will be lIe greater In the future tutUle than they have ha been ben in the past but bul this hits expense can be partially offset at least by a 11 reduction In III smelting costs cotta Manager lies has already done this at al the Murray plant and has succeeded In n In Increasing Increasing creasing the dally daily dall tonnage treated from OO to 10 tons Ito He has also In II Installed installed stalled recently a II modified form of ot the th Arizona converter hood through though which a 1 saving of metal which hereto beret heretofore fore tOle passed tiff tift Into Inlo space con can be made In the Iho shape of ot flue Nue dust Not NOl only Is IsIt IsIt It ml possible 1 to make a II saving of ot tram from to monthly In this man mu manlier her lier but conditions have huc been rendered much mitch more pleasant for 01 tIme the men em tn employed about aboul the thc smelter |
