| Show fm FIRST T O QUARTER H 48 WITH T MI Jt Have Paid Nearly Nearl One M III lion Dollars in Last Three r Months LEADS FIGURES OF LAST YEAR i Smelter Mill IIII Construction Will Run nun Between Two and aud Three Mil Million f lion Dollars Hollars for fort 1901 t J t r H to t WHAT FIGURES SHOW tJ 1 I Dividends have been been paid since Jan 1 last by nine Utah mines 1 t aggregating the sum um of as a follows f k I i Sliver Silver King Annie Lauilo I Century I Sacramento 1 Horn Silver SliVer C r Utah 1000 J if Grand Orand Central oooo i Compared to the first t quarter j of ot 1003 this year exceeds cds eds It by I about I j jA A H tho first quarter of ot the tho they y year rear 1004 Just passed has wit wits witnessed serious serl erl us u shrinkages In tho th of mining stocks It does docs not 1 to 10 bo Ii b o the tho case that the tho stock market Is l n 8 of the true Irue condition of ot ho tho mining Industry This fact was wn never better beUer demon demonstrated than It Is at tho the present time Jy making comparisons The market for tor or stocks wan never In tn worse condition n the speculative cle elo clement ment Is not buying anti and prices have gone down and down until It seems the hied rock roel has been rench d those who Iwho made ruido purchases eft when prices were r up find flUd themselves poorer by u t whole lot Jot t On the other hand the tho mining In Ini i was never In a n more mora flourishing condition than It Is now A story stoy of t progress comes conies from nearly ivery ver ti some nome have had a n struggle to keep keel In line but Jut the more Important l districts have hn vo made advancements nd ts This Is true of ot the Old t I Reliable at nt which Is fast tast t becoming a rival of ot Butte Butto and In time ill fa 11 almost certain to excel the great Montana camp ns as a 11 i copper producer has some of tho the largest cop ver or mines In the tho world which are con contributors contributors to thu smelters of Qt tho valley to the tho extent of ot almost tons Ions of at ore dally daily and tho the amount In a 1 few tew months montha t time will wll be brought up to tons rhe Utah Boston Con Can United States Utah Copper Con Ohio Copper arni 4 aro MO nil all making rapid strides and tire each preparing to increase their present output Ih In Park City the and anI Silver King ICing are 1110 keeping up lip with their theirl Il l past ast record of ot production Among thi tho newer ower mines which are arc contributing or preparing to forward their ores oros to the tho J local markets are arc the recently equipped with milling facilities ties the American Flag The fhe On Ontario OnI I tario tarlo which claims claim the tho distinction of ot having paid nearly In divi dividends den 18 Is again on tho the active list otter after n It f long spell of at practical Idleness Enl Eat EnlI I ly I In January of ot this year a I mill nili was Mas placed In commission The Tito plant I erected primarily for tor or experimental c 1 purposes p In n which It was s ns hoped to toy y demonstrate that the ib great gre bodies of low J ow w grade grallo ore which tho the mine contain contAins van ran be ho cd l One cams camp that will undoubtedly make progress tinting during the tho present year t i la Is Alto Alta In which was developed last pear ear the tho Columbus mine I i which promises to enter tho the dividend I 1 list st this year Much Interest Is being manifested In and com corn companies panics are preparing to operate there theN thereon theNon on extensive scale seUle At Mercur only two mines ot of con consequence consequence sequence art are working the Consolidated I 1 and MUo Tho The changes mado In the tho mill of oC the tho form torm former er or have proven satisfactory and i the mine flub gives given of getting back into tho the dividend column again Th fh fhe ores of oC tho the havo proVen I n ft pleading plea source of ot revenue unit enough has hns been realized 1 to 4 meet everal dividends At Stockton Important changes ore being male made by ronson of oC tho the tunnel which has hilA b rn cOIn com completed to the length of oC moro more than foot feet foott I 1 t The Tho outlook for tho the district is IA brighter than It luau has been heon for or some somo time lime while Park Valley and Bw U n nIr ver Ir er county are In hI line lino for tur a 1 sea seu seaon on Oll of oC prosperity k In J the thu way of ot smeller and mill build building WR ing thero there are bl big things thin under mulct way and projected for tor this year Plants which will 11 cost between 2 and will bo le built hullt Utah limb Is Its 1111 smelter near Murray from GOO 00 to I tons capacity nt nl an nn expenditure of ot tho the United States S II I II company IH is adding lend 1011 Hindi to Its equipment at nt an nn expense of oC I about by b July Jul next will Inter enter Into lute with the Amen Amerl dan cal au Smelting company I for tor tho the of lend ore oro the tho Consolidated hiis hlll several changes clI In contemplation but no definite nite flito plans have ben been outlined The TIll principal smelter instruction In III con Comi contemplation Comit III t III H that announced seine Homo time HBO ago by b tho the American Smelling and He Ito fining to build at nt miner nour tho tim site silo of oC Its present works a 1 copper plant lamit to cost ro 1 about I IO plans for tho ho buildings are 1110 now lIoW being drawn and conducts will bo be let before fall MI falli i Tho Mines and imd partition has nl dy let lot contracts I for tor the thu of ot Urn tim first unit of ot Its Iti bIK hig mill which IK Is to I handle the ores or of oC the tho CA battIs tiM copper Coppermine mine In 1 The Iho first unit will bo ho of oC SOO ROO tons to ho bo followed by hy tIO addition of ot other units II II It 11 until tho the ca en capacity parity pant Is IN brought up to tons lOll per day A million dollars at lit least will bo ho expended In tn this enterprise Tho The Ohio and MIl Utah Copper Caliper companies nt at ham have In contemplation tho the en enlargement of ot their milling i the Smelting company also thea of i 1 ji l may many build onto Its Ita Pleat plant t Th 1 h Columbus Consolidated of ot it Alta J will VIII soon commence CIJI work on a 1160 t ton tOil concentrator ark Volley Valley may Inn Jio IO provided with another l mill before I t j the ho year ends W A |
