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Show THE SALT LAKE TRIBUNE, SUNDAY MORNING, DECEMBER Cl 25. .1921. Property Where First DuTin-ti- c covery Was Made in District Abandoned. Look Operators Strata When Explored to Time Will Be at Depth. To delve Into the history of any mlnlnf full of allurement. Through the of picturesque mhid flit the. image characters of the early mining camps; the stir phantom cities are repeopled, and of the v.csrioua hunt for precous makes the blood throb faster. Because of th's natural tendency of even the least sentimental and the most fondly practical mind to contemplate places and events of historic Importance, 'a visit to the camp of Tintlc.Is especially that of the southern portion. a pleasant eier.ence, for It was on the old Sunbeam of minproperty that the first discovery eral In the district was made in 169. As the attention a result of this discovert, was attracted of mining nlen of the day . to Tintlc, and this camp, which has pro$200,000, duced up to date approximate! 000 of ore, took a place of leading Importance elong with the other mineral of Utah, then also In an embryonic slate of development. After the discovery of the Sunbeam, other producers were found, and a steady production began which at.muiated the and served to growth of towns and chics g Indusbuild up ether tries all over the state. to the old dumps So it is .that a visit and buildings of the south T.nttc district, which lie sprawled out over the desert, conjures up In the mind Innumerable pictures of pioneer mining camp days. .In the early '70 the sagebrush-covere- d slope of South T'ntic, whose quiet Is now but occasionally broken by the stir of desert atoms, were the eoene of many exciting events. From distant hillsides cams the dull roar of blasting, the shout of teamstsrs and the ringing sound of pick and dr.ll as they were driven Into the hard, volcanic formation. Ja camp mln-era- ls -- ts No. 1 Group of old producer in South Tintlc district. Minnie Moore, th Lady Aepenwall and the Alaeka. with the Tintlc drainage tunnel. No. 1 Little May Hill, showing Little May In foreground and Golden Including the Burglar claims Of the South Standard end the Nora, the No. 2 Ruby Hill shaft of the Knight Interest, which Is to be connected No. 4 Odd workings, with dumps of eld Teeora In the background. Treasure, Cornucopia and Laclede dumps In background. The assured profit from your investment in the 8 per cent Cumulative Preferred Stock of the Utah Steel corporation is the most attractive return on your money that can be offered by a stable industry. wealth-creatin- gists, the Silver City slock was the source cf mineralisation In the Tint c district, that the porphyries to the north came from the south, and that the m neralislng solutions traveled north and there reIf this is true, placed the limestones. the opponents to this theory, the aigue m neral deposits In (he mines to the north should be the leanest In the district, and those to the south, the richest. However, this faction contends, exactThe ores In ths ly the reverse Is true Gemini mine, the farthest producer of any note to the north, are the richest In the dlstr.ct All tf whit h goes to prove, believe adherents of the newer theory, that the mineraliat on of the Tlntlo disTowns Grow Rapidly. trict Is due to' the mineralizing action of Towns sprang up and fourished: mills a number of stocks exipndmg In a genand smelters were built. Two good-olie- d eral north-sout- h direction from Sliver communities, Diamond City 'and Silver Cit and that at depth In the South TinCity, became the centers of mining ac- tlc the sedlmentanes willI be ultimately tivity In ths south end of the district. found. Not a few dramatic Incidents occurred In those small towns do break 'the monotony Mineralization Intense. of mining camp Ilfs which follows ths first days of excitement. Should this theory be proven correct by In so far as mineralisation was condevelopment work now being carried on, cerned. Nature had been .lavish In her It will be of vital Importance to property hequeste to that territory known as the owners In the southern part cf the d South Tintlc district. Accordingly, the for It Is conceded by mining men prospector had but to break Into the jut- acquainted with this territory that in few ting, brows outcrops which .stood above ramps are there as rich and as extensive the sand and sagebrush end there to find surface indications as exist in the igrich mineral depoetta neous rocka If the geo.ogy of the South In a score or more claims, extensive 'Tintlc district Is proven to be similar to silver-lea- d ore bodies became prothat of the Leadville district In that the ductive. Although no vast or bodies limestone under, lea what was at one time such as those found In the Centennlal-F.urek- considered to be a stock, - then - great the Mammoth, the Chief Con- deposits, mining men agree, should be solidated and the Tintlc Standard and encountered at depth In the sedimenmany others were discovered, neverthe- ts ties. less, numerous deposits were productive For the purpose of exploiting the great of large amounts tf ore, although worked undeveloped mineralised area lying In but a comparatively few feet beloty the South Tntlc, one I of Utah' foremost surface. and meat farsighted pioneers of mining, The south end of the district, because Jepse Knight of Provo, conceived the Idea of the character pf Its mineralisation, of driving a long drain and transportation was a poor man's" camp, where rich ore tunnel. Being familiar w.th the produo- deposits could be epened up and made lion records of a number of the old mines productive with a small amount of ex- of the South Tintlc and desirous of ex- Kvsn to this dav Is this nomenpense. a formation where such favor- -' clature accurate to a large extent. In a able aurface outcrops existed, Mr. Knight number of places where companies owned to drivs the tunnel In a west- ing ground have not found It worth while erly d rection Into Tintlc mountain from to operate, lessees are imlnlng, and mak- the south end of Goshen valley. ing an excellent profit. This l cation was chosen because of It central boettion with respect to the large Water Discourages Work. undeveloped mineralised territory In the With the encountering of water, at Diamond City portion of the dlatrct, and also because laterals to the' outcrops of depths ranging from 160 to 490 feet, and the veins can be driven meet economithe consequent cost of pumping In a camp whers fuel was re.atlve!y expensive, min- cally. Not only will ths tunnel drain a and make possible ecolarge In territory disthe south end cf the ing activity trict fell off gradually until, but for the nomical production, but the water develIt can be used to Irriis oped, planned, sporadla operations of lessees, the area gate a large expanse of fertile land lying wss almost entirely deserted. below of the the portal great bore. The history of operations .In the old Sunbeam, where the original discovery wss made In Tintlc, exemplifies the type Great Depth Gained. of mining done In the south end. This tunnel quickly gains depth until, property was opened up to a depth of 490 St The a point 19,000 feet from the portal, It feet, and a strong vein followed for 4000 feet. The vein throughout Its length wtll be 2600 feet below ths surface. Here, was productive. It Is said that the the easterly anticline of the Tintlc range Sunbeam mine, which represented Only composed of thebe limestone aerie of the cut. In these limeof ths length of the vein, formation will about the drain tunnel In oxidised ores. stones. those promoting yielded over $600,000 be found vast ore will believe, project vein would seem to have Though such a unusual ptsslbllltlea In depth, a flow of bodies. The Knight Investment company owns, water encountered at 490 feet stopped opbesides its property under location, conerations. siderable ground already patented, which In Typical of the history of the district, also, that of the operations Tesora mine, In the early days of the camp produced now owned by the Bingham Mines. This some cf the first and richest ore mined Tintlc district. Lessees during the property was worked until 1902, when a In theyear, according to officials of the flow of water, encountered at a depth of past have found It profitable to work ITS feet, so hampered operations jthat ac- company, old claims some of these The Golden tivity suspended. The ore. a heavy and the Julian land claims on iron sulphide, was found in lenticular Treasure now hill are Treasurs producing a fairly depoe la associated with true fissure veins of ore Other territory la In the monionlte. This property pro good tonnage a a leased rapidly applications are being duced, according to records of the com ptny, a total of 14,442.67 tons, valued at made. The Ruby shaft shown In the accom$212 896 61 was started to hasten the Exploitation of surface deposits, with panying p cture of the bore by sinking to It suspension of operations hen water was completion level and driving headings both wsys on encouptered, was more or less typical of ths tunnel. M'ning men are locking to v activity In a score of properties in the the time when work In the tunnel can South Tintlc, Including the Showers, the be a number of the most and resumed Joe Bowers, the Cornucopia, the Golden of the industry eolved problems Important the Treasure, Alaska, the Shoebridge. the for the Tlntic district by bringing the Lady Aspenwell, the Minnie Moor and the to a successful conclusion. project Migi'a r An Interea'ing example of ths richsued ness and extent cf the surface deposits Opinions Diverge.' In ths South Tlnt.c district is furnished followers the of However, what mav be bv the experience of George Paxton and Steeie. who are leasing In the , .termed a new school cf geology as relates Mark to the South Tkvtlc district, not content Oolden Treasure. In the early days of the with the theory of the older school which property its operators took out a good - eili. believes the monionlte of the formation Is e ore from a network tonnage of .sued a stock and that the favorable limestones of fissures, the Cornucopia, the Tesora .n do not .lla at depth. Is planning work at and the Golden Treasure, which cress and I'D i depth with the idea of not only recross one another at several points. s large bodies of ore In the more finding Paxton and Steels, after examining the soluble i sedimentariee, but cf exploiting the t' upper workings of ths property, decided In abandoned old to the crosscut the formation. They had gone pcolts workings. The adherents holding to the newer but a short distance In the Xootwalll of V lo (theory concerning the South Tintlc the Golden Treasure when the Teeora rlct believe that as a result of recent vein was broken Into and a large tonnage el! '((finding in several of the properties lvlng developed of iron oxide, carrying good In adjacent areas worked at depth, data values In silver termed In the vernacuun--Jiavs been gathered which ndlcate lar of th miner, liver ore Subsequent mlstskably that beneath a great portion development has proven that the f I 1 .of the Silver City and Diamond areas. operators of the property missed bvearly but I) in soluble limestones will be found. The a few feet an extensive deposit. Having "(, 0 Silver City efbek, they contend, is but satisfied themelve a that large tonnage erf a one of the sources of the porphyry flows, awaits exploitation, Faxton and Steele and that a great part of the monsonlte now plan to drift from the old Cornucopia aiij i (Which covers the surface of the South workings and cut tha deposit at a depth Tintlc district is a flo wunderlaln by of several hundred feet. In the Butcher Boy claim of the old to the older school of According Showers, formerly owned by the Walker geolo.03' brothers, an excellent showing of highs grade ore has been opened up by lessees, several shipments have been made Some of the ore carries exceedingly high vaiues In silver. In the Burglar Extension claim of the South Standard, In Kuby hobow, ounce two feet of ore assaying fifty-on- e of stiver and 4 per cent copper have been opened up at a depth of seventy feet. From this str.ke, shipments are being made regularly. At present the only organisation pursuing systematic development work at depth in the south end In the Little May Mining company, which adjoins the Tesora. the Cornucopia, the Golden Treasure, the South Standard, Alaska and several other of the old producers. The management of the Little May is conducting Its camthe paign upon hypothesis that at a not prohibitive depth the limestones will be found to underlie the monionlte. This company owns a group of claims 102 acres, traversed, accordconstituting ing to the management, by the Cornucopia, the Golden Treasure the Alaska and the Laclede fissures, as well as a To prospect the number of crossbreaks. formation systematically at depth, the has the company property with equipped a pumping plant, compressor, hoist, machine drills and necessary buildings, and started the sinking cf a shaft. At a depth of 140 feet extensive mineralisation was struck in ths oxidised sons. When the level was reached, the sulphide sons was entered. Here a large body of chaloopyrtte with a exwas high percentage - of - Iron posed. At the intersection cf the north-sout- h crossfissure, w.th an eost-webreak, a massive ore body, the else of which, after considerable crosscutting and stoping, has not as yst been determined. - sa ...116(014 Wide It Mi) st Richer Stre&KS FOUIld. i Through the great mass of ore which assays about 1 $ per cent copper. 21.4 per cent Iron and 22.1 per cent sulphur, er streaks have been found. Recently In extending the north drift on the 2 foot level lo the north an additional twenty feet, according to the manageh ment. a streak of ore areaylng 7 per cent copper, three and a half ounces of silver, and $0 cents In gold, was struck. In the drift south of the shaft a two-fostieak of ore has been opened up. Assays obtained from this body show the following values, the management re14.10 per rent copper, 23.$ ounoee portsof stiver, end $5 In gold. To determine whether an Improvement In mineral values would not do encountered on the level, the management decided to sink from ths level. At a point 260 feet belcw the aurface, ore has already been encountered. Although miners have not yet been able to explore the new discovery, grab samples show excellent values In cooper, silver and gold. Acocrding to the latest reports from the mine, several days will be required In order to determine the true condition, as loose and caving ground, which was encountered, has necessitated some very pareful timbering. Encouraged hy the condition encountered In Its own property and In the leases adjoining and by ths general outlook for the south end of the district, the Little May company Is carry on Its piogram steadily. rlch-plorl- six-inc- ot 200-fo- ot 200-fo- ot yiw (As Bvpnrrcd YORK CUM. by J A Hosle 6 1lllllllu;lUHWIIl1i'lMigllliPllllllllllU!lI'llPIlll1ill'l'lHiPI1UIUIM WORKS MIDVAtl UTAH - VAUJ Of riCU OOJTON bUlllXNC SALT LAU CITY, lTAH ci strict saiu orncts acATm.roanANC, uo AaGuct, AN rsAnaaco , Tintlc Stock Scores Advance of Nine Points on Limited, Trading Volume. The advance of Iron pionoom, on trad$460 share from an opening, at $6o to a close of 44c, was the sole noteworthy feature ot limited activity on the Salt Lake 8tock and Mining exchange yesterday. It I understood that favorable developments have resulted through llmeatonea operations in the In tha vicinity of old stop. Work being done by the company and by lessees In these strats Is being followed closely by mining men. Tintlc SUndard. on trading of $00 share, eased off from $11714 for the sal of 109 share at $1.65, seller ten day New Quincy was the heaviest trader or the one session. A total of 7600 shares was sold of tha Park City Issue at 444c. trlcted trading was transacted In Jib at 26c. Bristol Stiver sold, at 40c for a total of too shares. Bingham Galena, with 1000 shares sold at lc, wot slightly weaker than on the preceding day. The limited trading transacted in Alta stocks developed little change In them lasuea. Alta Tunnel sold at 12c and Mtchigan-Uta- h at 17e for a total of SUO shares. Quotation follow: LISTED STOCK g r de-tf- (( i LIBERTY BONDS Dit.lK I niA.; . t viecn-- i fed , .001$ iaq I'l tsq r titles till 6. i nsq' x edt xi ill c lo inti I 9 ai Issue 1st 2nd Maturity Itts ................ June Nov. 449 2rd 4th 414s Victory 444 .... We will buy or sell any our current 4 Its IS, 1942 IS, 197 Prices Dec. 24th $4.40 96.72 97.24 96.20 100.02 Current Yield P.C. 1 .71 4.44 4.27 4. St 4.75 Mty. Yield P.C. 2.90 4.61 16, It'S 4.70 ' 6.67 Oct 15, 198$ 4.74 ..May 20, 1922 issue at the market at net prices for cash, based on Sept. New York Stock Exchange quotations. J. A. HOGLE & CO. We tpeclalixe In $90 and $100 Bonds and In All Investment Bonds and Btecke In Small Lota. OGDEN BALT LAKK TT Eceiaa Bldg. Tel. 222 IN Main L Wasatch OATrSDAY'S SALKS. Alta Tassel. 100 at Ik. Olkflwa dales 1900 St le. Ima Bleaewa. 100 at 26c: 100 it 94r; 100 at tie; 100 at XV; 1M el Ik; 700 tt 40c; 100 at 41c; 2100 at 44e. Michigan ttab. A0 at Ik. New Qnlery. 7609 at 446c. 2009 at ft Ptoche ' Retd' Bristol, Peak, thoe at lc; too at 114c. Ttatk Standard, ,449 St $1.9714; 200 t $1.83. tailor Ua day t'NUSTKD. , Jib. 060 at 26c. Bristol Xllvor, MM st 49c. KAY. KANSAS chd. ClfT. ,Ko., . Doe. 24. Hay sa- - of Against Its indicated-productio- n ooo to 66,000.000 ounces this year. It looks at though Mexico would send more than 70,000.000 ounces to this country. That country so far this year has also used a bout-1000, 000 ounces for coinage purposes The Mexican authorities charge some banking institutions and others with Smuggling both gold and silver out of that country. Sliver stocks at Shanghai were amaller for the week ended November 26 despite the iarge shipments during November. It consisted of about 28,400,000 ounces In dollars and 920 bars aye to, 23,600,000 against 28,500,000 ounce! In sycee, 000 dollars and 2660 bars for th previous seek. Total ether purchased at the fixed price of $1 an ounce, net, and under the provisions of the Pittman law, amounts to 65,96,863 ounces for th year to date. Combined total Is R4.S64.863 ounces and totaj order. 208,000,004 ounces. BOBTOM 63,-0- fAt Reported CURB CLOSE. by J. A. 6, ing of t-- - it.. Utah Steel Corporation high-grad- osn- Send in your order for sfock before this offer is withdrawn. Shares are at 4 present offered at $100. There if a deferred payment plan for those desiring -- CAS 1 inviting speculative feature, dur- ing a strictly limited time only, the Common Stock of the corporation, of no stated par value, is offered without cost, share for share, as a bonus to purchasers of the Preferred issue. $6 79041 69 94 .....94.964 2446 200-fo- a, one-six- th METALS. Cepper .... .... Silver Lead (Hew York) SjMltar (Eaet (la Lewdea) As an PRICE 15 STM Mexican Exports of Metal Large; Huge Total mains to Be Bought. Re- Foreign origin silver markets have remained fairly steady despite earlier professional opinion that the trend would be Further efforts at London downward. to depress prices resulted In a slight recovery. The Shanghai "cash price has ruled about two cents higher than' last week. It Is quite likely that there was further buying In anticipation of the Chinee new year, although this factor was considered at an end In New Yoik towards Ah end of la$ week. Despite silver sales bv Germany, mostly and also through its holdings In Holland ailver by Italy, the premium on 4'cash did not change at London. Apparently supplies there have not been large enough to offset the predominant Influence of the Shanghai market. India were 828 October Imports Into In- - the coriespondlng lakh leas than are also month of last year. Export amaher at Ra. 1622 lakhs. If bullion and the rupee paper movements are added, trade balance waa 585 lakhs against India. although both Item more properly should be excluded. Bullion movements In October sere exThe October commodceptionally large. were chiefly wheat and ity Import Item coal. October, however, is generally the largest Import month of th year. On the basis of amaher burlap Imports Into this country for November it is exfor Depected tnat domestic consumption The ailk cember will be rather large. market holds quite active. The Japanese bales sold 20,000 has raw silk syndicate of It holdings. Imports in November amounted to 25.262 bale against 22,084 In the previous month. Sliver movements reported by the federal reserve board for the last ten dnye of November show exports of about 1388,-00- 0 to Japan. Jato China and pan ha been accumulating considerable silver this year and has taken about 000 ounces from American market .Import items credit Mexico with exceptionally large ehlpments of $2,633,216. , 24,-0- WHEAT, MINNEAPOLIS, cam; holiday northers, $1 29!4ftl 121 OAT AITS TE. 24 Dec. Wheat Receipt! a year ago. Cash No. 1. 8344: December, May. $1.2414; July. $1.1044. LONDON MONET. Corn No. 8 yellow. 80D40l4c. Dec. 24 Bar silver. X4T4d per Oat No LONDON, white, 61(l3lSc. tinr. Money. I per cent. Discount rate; Barley M40c. Hhorf bills, X91 per eeat; three months' but. Bye No. 2, 7H$7B44c. rUx No. 1, $1.07V44l)2 06l4- per rent. licwwimwn np7sr" --A Tt a 9 With cordial Holiday Greetings, our pledge to the friends we have and those we hope to have is to serve them bo well that they will value association with us as " highly as we value asspeia-tio- n with them. We can say nothing stronger. The National City Banlt At No. 228 $1.26la; Th Only Bank on 8 tat. street. |