Show TEE SALT LAKE TRIBUNE WEDNESDAY MORNING' JANUARY YEAR OF 1929 MEANS GREAT I DEAL TO UTAH MINE INDUSTRY Mines Records Important Developments Occur in All Parts of State New Companies form & ' ! Work at Capacity Dividend Payments Break All With the pasaat of 193 Utah mines and the m ning industry In general has panned ut rear lu a Ions Entsht the most eucceasful Mines have been workin history at capacity and the development of new and the startms of new well )ropfr its companies lave aU contributed to make lti a yeat that has been marked by Important events to the mining frater fclfv The three principal eampa Park City Tlntie and BMvsham have enfoyed almost Unprecedented activity and the future elves rromiHf that 1930 a ill see even creates da and results Dividends paid by mining companies pached a total of nearly 81 000000 a new huh record for all time ecllpslni ih pre Vous record of 118 by almost once aeatn Preliminary estimates indicate that the roa value of told sliver and copper lead 4 and sine mined from Ulah mine will $9000 000 and will probably make a new record for production It is expected that the 13 record will show record production for cupper lead and sine with slight decrease ever l9il s to taj for ally® and lead Park Ciy Camp Hai Mast BsteMifal Year In Park City itat witnessed most favorBesides the successful opera able activity tion of Ui Silver Kins Coalition which was able to par a better dividend rate for the year New Quincy want on a real pro ductlon basis and from Its famine was able to pay stockholders two dividends of 10 cents each Consolidated Paid two The Park-lUa- h dividends during the year but d it to tin favorable mine conditions which are now was forced to aus- reepondmg favorably for the balance of the year Pnd itpayments non at th s property was somewhat curtailed but production from other mines wiped out auy deficiency from the camp as a whole Park Gelena on a small scale eanfb Into the sh ppms etaea and durms the Utter part of the year the Park City Consolidated wax able to make seme shipments from ore deerloped during tire nnuner month Activity Iff the d strict alto was marked by the formation of several new ventures tn develop new territory In the district The Kearns it ’erest formed the Silver K ng ritern Minins company to develop ame aooo acres on th bis Cottonwood aide aid the Park Utah tmereil oreanired th Park City Utah Mluiog company to develop new tround In the fall New Qutnr acquired the L1U1 Be’l property which should make a valuable add on to the already developed acreate of New Quincy A L Hurley president snd seneral manager or Park City newest producer also obtained control of the Three Kings Mining company and an this extensive program for developing “ gro md is now under way 1 hs American Smelting Refining comIn was doing also active exploration pany work on properties on which options are held kmcltlxr Company Start Park City Campaign Development of the properties controlled by the International Bmehlng company tn the eastern portion of the district aleo was commenced Churn dnlllns on the Park Premier the Park Nelson the Park Konold a lease on a portion of the Fwrk Bingham s gtourd encountered ore on irve $u5 level (if a raise from (he HuDtrfleld tunnel Work i now belnx done to put the working Into al ape for more extensive development In the Tmtlc distil t where tie Tlntie Standard the Chief Consolidated and the North L ly are bis producers the tisi al event of the year was the formation by the North Li f Knleht iLteifSta of over the Maine on patty wMch took Ament h id aes m the rttst r ct of Ti is prop ts k extrnsve development lit propettiev which omt vert amotf The Internacamps B richest producers neLUne comianv will spend ttdo tional V 0 on the campaign whtrh wilt Ut three year and which a started In ths HI H II Production at the hi tic Star dud has been n alntalnad at a hlh rate dirrin the v ar and development of Us v rlous subsidiary companies hn piogreased In a favor-all- e wav At one of them the Kir ki so tivrvful wet operation tnpd'vrd that the mine took Us Place stw one of the tut era Development camps leading pro was through Die Tlntu Standard workings but now a wew vrallow frame ha been ecert at aft put ed and the Fureka filandarrtg in shape so that the ora may be brought surface to direct tha was tricts acquired by the United Stales Wmeltln Refining and Mining company Harm Silver Retarns Two dividends were paid before control Production has Increased under T Predartfoa Stas passed new At North Lily ©re development has prothe management The United State Mine the Ohio Copper gressed but water trouble on the TuO level Pumpthe Utah-Apand the Utah IVlaw&re and has somewhat hindered operation and the last reports were Utah Metals and Tunnel aU bad a sucing was utiltr-ecessful twelve months that the flow had been de reseed At Park Bingham a mine still tn the deChief Consolidated has been busy lu aubMd arte Ore development velopment state favorable activity was reported The Bonanra comasns which hold at Fureka lily Fureka Bullion and Tlntie the Park Cummins and ths other companies controlled by the smelting company revealed mineralisation which prompt a the r ram now under way development In tha Alia d strict a lull as in Urtft still existed and little work was done There a as some deveUpment at the Tar Baby Howell and Kennehe but for the most part the other properties that eomtoae the once rich pro 1mm dtatr ut were Idle A spurt u the development m the American Pork d etrtet was nenby the A Kefin-i- r by the Amenra Aliening c company of Die Yankee the Si er Wave and the Bellorphan propertiee The Yankee before conrol passed to the smelting company was able to pay 111 Ootl In dividends from its ojxraiious At B where the tknresf and the blbaest Utah mining company operates the iv st ear m the district history was completed The immense Utah Copper company through nigh price of copper end unuauai was able to pay elfuicmy of operation 000 090 in dividend from the low grade i pper ore mine During the year electrification program of lire eompauy was completed The Bingham Mine company which in both the Bingham and Tmtlc dis- lat J 19° O' Bullion give great promts for the fulur liuotuviini prospering is going ahead FinerMid at I ©hi lihtlc and Return of the Horn Silver old time Beaver county producer now under Untio Lead company control has been one of tha of the year Considerable money was Meni m pulling fit old Frisco bonama bark Into hie for operation but now ore la being mined from eveiy level down to the I too except for the aod Tha mma is now shilling 40 tarkvada a month At Ophir the Amcruan Bmellma A Ba-- f nine company has takeo over the Tlntie Ophir and r as started a development camProd ictlon ta expected shortly paign UPh r Mono Fifik Ophir National Treasure Standard and Lakes of KlUar-ne- y Keaiarge been have among the other active Then late In the year the 1 ion propetjie Hill Amalgamated was formed Rom Ikon -nod will be spent tn exploring and developing the 3000 a rev under D control At Rilver Laf th American Smelting A Ref intug company has been busy during ttie year in an effort to put th once rich producing mines ol that country back into production MIN 33 Eastern Iron & Metal Co New and Used Mining Machinery Mining Supplies Republic Pipe "PrLrma” Oil Engines a BUD A CASE ENGINES COMPANY INCORPORATE Proposing to develop eleven claims In th Big Cottonwood mining district articles of Incorporation for thw Rvergren Mining company were filed Tuesday with tha county capitalized for Tha organization rWk N 0CO S and officers and d rector era HerLyle vies Ji hn V secretary-treasurbert Cohen president L Smith Charlea president Carl A Badger and uordofw Eastern Iron & Metal Co 634 South 4th West Phone Wasatch ! The World’s Largest Copper Mine Open-C- ut 1 l- - nn ESC i i O N f s v A Bingham Utah 1 t if i i f - v i i jti MILLS- j Magna Utah Arthur Utah $ 1117-111- 8 ' |