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Show ae Dae AE Gr céntrates, while the great concentrating mill of the Bullion-Beck & Champion Mining company is turning out an average of 100 tons per week of high-grade lead concentrates reduced from ores which only a few years ago were regarded as of so little value as to ie worthless. The names of the great bonanzas of Tintic, the Mammoth, Bureka Hill, Centennial-Eureka, Bullion-Beck and Gemini, or Keystone, are household words, and their fame is world-wide. The Mammoth is the oldest of the above-named, has been worked almost continuously since its discovery in 1869 and is credited with the payment of $1,950,066 in dividends. Dividends have been suspended since 1891, and the profits of the mine have been expended in extensive improvements, among which is the 100-stamp combination mill, which is in most satisfactory operation. The resumption of dividend payments during the present 15 estimation in which the property is held. This company pays a regular monthly dividend of $30,000, or $1 per share, and the May payment brought the total to $1,710,000. An option is now held on this property at $3,000,000, and the prevailing opinion is that it will be. taken up. That it is worth the price there is.no question. Jf the new company takes possession, extensive improvements, which include the erection of a large concentrating mill, will’ be * * the programme. * in- The Gemini, or as it is commonly called, the Keystone, is also a close corporation, and, although its ore production only dates from !ess than five years ago, it is now credited with dividend payments of $6v0,000. One of the finest hoists in the district operates on this property, and the ore bodies already in sight in the mine aré reported t) measure up considerably more than $1,000,000. | ¢ FE creasing prices is justly in demand on the Stock Exchange. The Mammoth has the most complete water system of any company in Tintic, they owning the water of Cherry creek, eighteen miles west, which is carried to Mammoth. by an eight-inch pipe and finishes an “bundant supply of water for their own use, as well as for the thriving towns of Mammoth and Alma and the near-by mines. The Eureka-Hill is a As to the “outside” properties, as they are generally called, volv mes might be written about them, for they number into the scores and all are ore producing. The Eagle is the property of John McChrystal, and has a record of $45,000; $250,000 was refused for the mine some years ago. The Ajax, formerly known as the Copperopolis, should properly is confidently expected, and Mammoth stock at constantly * * * . — summer } | t ; ee close corporation and absolutely ote — * ——e_——— hae as to its dividends UTAH. are *K The Bullion-Beck & Chambion is the old stand-bv of the district, and employs more men than any other company. ‘The last dividend of $15,000, paid in May of this year, brings the grand total of dividend payments to date up to $2,030,000. This company completed its large concentrating mill last year and works its low-grade lead ores at a handsome profit. Besides the mill product, shipments of ore “vom the mine during the last six months have averaged 500 tons weekly. ok LOL figures MERCUR, difficult to obtain. The best estimate, however, places the total to date at $1,450,000. The Eureka Hill company owns the finest combination milling plant in Utah, if not in the West. Regular shipments of concentrates are made, and it is currently reported, and we believe correctly, that there is now piled up and awaiting shipment $500,000 worth “ ores and silver bullion as the product in that form since January Ist, ast. a ee reliable OF ~ RIO GRANDE WESTERN RAILWAY be ranked as one of the bonanzas, and has a record of past dividends of $1,000,000. The North Star, Red Rose, Boss Tweed, Carisa, Northern Spy, Sioux and Utah have all produced and are all now producing shipping ores, although figures of the output are not obtainable except as to the latter, which is credited with the payment of $137,100 in dividends. In the Silver City end of the district are many embryo bonanzas, and many of them may justly be ranked as already in that class. The Swansea, South Swansea and Four Aces lie together and are destined ta form a famous trio. All of them are now producing high-grade ore, and the Swansea in the old days is credited with upwards of $500,000. The Old Sunbeam, the oldest mine in the district, has also passed the half million mark in production, and is good for much more. The Yankee Girl at Silver City, formerly known as the Lucky Boy, is also producing lots or ore and is strictly “in it.’ * * The Centennia'-Eureka has become famous during the last five years as a producer o: the highest grade of ores ever mined in Tintic. The fact that the stock of this company at a par value of $50 per share based on a ¢ qpitalization of $1,500,000 is in demand at $80 shows the * * In the region around Diamond will be found many old-timers, such as the Joe Bowers, Showers, Buckeye, Butcher Boy, Morning Glory, Tesora, Julian Lane and Cornucopia, all of which have brilliant pasts and promising futures. ee VIEW |