OCR Text |
Show THE CITIZEN 10 C o o UTAH ROCK ASPHALT cow, Frisco, Imperial Copper, Croif The Utah Rock Asphalt Corporation owns a practically deposit of rock asphalt about three miles from Sunnyside, Utah, but have their loading and crushing works at the townsite. To permit greater efficiency and greatly augmenting the companys field of opaerial tramway eration a three-mil- e is being erected. It is estimated that this will reduce more than the present cost of hauling raw asphalt by trucks. It is further reported the company plans improvements involving an expenditure of a $100,000. An addition to the crushing plant will cost about $30,000. This will increase the hammer mills crushing capacity to 50 tons an hour. in-exhaust- The old timers "took away the high grade ores but with patience, technical skill and greater knowledge in reclaiming ores from low grade material there is a chance that this part of Utah will add to the industrial wealth of the state. and other mines. INSTALLS TRAMWAY ible Alta Michigan Mines Company now controls the stock of the Alta Merger Mines Company, the Alta Consolidated Mining Company and the Emma Silver Mines Company, and these three companies own more than one hundred and twenty-fiv- e mining claims in the Alta Ore Zone area, aggregating about sixteen hundred acres of mineral land, from which more than seven million dollars worth of silver, lead, gold, copper and zinc ores have meen produced from shallow workings in the past The Kearsarge Mines, Inc., and yet with less than twenty per cent of this territory explored, therefore the Dix Placer Mining company the Alta Michigan Mines Company have been admitted to trading on has a bright future before it. the Salt Lake Stock and Mining The management of the Alta Exchange. Michigan plans to build up the make it A. O. Jacobsen, superintendent of holdings of the company to the Mineral Veins Mining company, one of the important holding and companies in Utah. reports that the drain tunnel, at operating The Alta is incorporatAlta, Utah, has sunk its shaft 140 ed under theMichigan laws of the State of feet at a point 500 feet from the Utah and has 1,000,000 shares of reis Here an orebody portal. common stock issued. This stock of the bottom the at opened ported shaft showing as much as 18 per has been issued in acquiring these different properties. There is no cent copper and 30 ounces of silstock or bonds outstandver. It is said the work is now en7 preferred ing. Deep development of the Alta tering the sulphide ore zone. District is the main object of this Plans are afoot by the Tintic Em- company, although some work will be done from present levels of some pire Mining Company to develop its of the properties acquired and some ground from the 750 foot level of the Lelii Tintic. The bottom of the production will be made from some of these old workings while depth Lehi shaft from where the work is is being attained by the new work. has to Tintic the run Empire being a vertical depth of 1350 feet below The stock of the Alta Michigan the surface showing. The stock of Mines Company is listed on the Salt Lake Stock and Mining Exchange. the Tintic Empire was recently allowed to trade on the Salt Lake Approval of the stock of the Exchange. Park Premier Mining company was The joint conference of the Utah given by the governing board and section of the American Institute of the listing committee of the Salt Stock and Mining Exchange, Mining and Metallurgical Engineers Lake and the Rocky Mountain Coal In- which admits it to trading. The stitute was a most successful meet- property consists of 107 claims in the East Park City district. De: ing. The three day session held at the Hotel Utah brought men from velopment of 1,100 feet of tunnels, most of the intermountain states. 200 feet of crosscuts and 100 feet done. W. F. SnySafety methods and new ideas in of shafts has been der is president and G. M. Snyder is coal mining were swapped. one-thi- rd i THE ORE BIN G. Maejima, Japanese mining o en- gineer for the Fasliun colliery of the Southern Manchuria Railroad company is visiting Utah coal mines. The taxable valuation of the Utah Delaware Mining company will be a reduction of nearly $1,000,000 less than last year. North Lily will show about five times as great a taxable valuation this year as against the assessment of last year. Harold H. Goodenow, Los An- geles stock broker, buys seat on Salt Lake Stock and Mining Exchange. Two promising ore bodies have been cut in the development work done at the Nebo Mining companys property in Juab County, according to the consulting engineer: William F. Hayden. Utah Copper raises dividend from $3 to $4 quarterly. Park City Consolidated Mines company reports their first objective near. Shaft now down 200 feet. Mineralization strong at this point. Station cut at 180 foot level. Eureka Lily will add $67,000 to the tax income of Utah county and is further taxed by the state at three times it net income, which is -- $2,268,000 for 1928. Leasing operations commenced March 1st on the Diamond and Excelsior mines at Eureka, Utah. The lease calls for 150 shifts of work per month. The bullet system of voting in Mexico seems to have stimulated the buying of lead, which has been a feature of the metal market, capturing top honors from copper. Lead sells at near 8 cents while copper is firm around 20 cents. The Kennecott Copper group expects to pay off $100,000,000 in dividends this coming year. The New Quincy will soon be in a position to ship 200 tons of ore daily. secretary-treasure- r. Much interest is being displayed in the activity of mining in Beaver county, stimulated by the ambitious undertakings of Horn Silver, Mos . Tintic Standard mine pays an ad- ditional ten cents in dividends the total thirty cents a share. The 'Howell Mining company resumes work in the Tarbaby tunnel at a point 3850 feet from the adit in Big Cottonwood district. |