OCR Text |
Show ' W $4.00 Per Tear. lOe Per Copy Prom Newsdealer and Newsboys. A Complete, Review of the ' Mining Operations of Tintie. i Volume XYT V EUREKA, JUAB COUNTY, UTAH, FRIDAY, DECEMBER, 3, 1920. East Tintie Shaft At 900 Foot Level B North Decline In Demand For Silver Is Now Reported . 0- - o Thinks South End" Will Attract Attention Soon THAT TWELFTH MONTH .THRILL (Window Shopping With the Kiddies)' factors have affected the silver market and caused a steady decline in the demand for the News metal, says the Boston A number of Standard Operations n ,e have reached an important ,Buru-llT"thver. has been affqcted by, Stage and property attracts the deflation process which is now, - Manager c John Maneon la highly Pleased with the progreaa which la being made In oinking the main Working shaft at the North Standard and he la also confident that ore of commercial grade will be found either in sinking or soon after drlftr lag la taken up on the 1000 level, which la the present objective point for the alaft This week the shaft the 000 level. Mr. Manaon ing down at the day. Between the id the 25 th of three and a half feet a day and better progreaa Nov-averag- ed la now possible. Manager Manaon says that the' work la being carried on In a white limestone, which la quite similar to that found In the Tlntlc Standard, and that it looks like a break might be ent soon. There la a big fissure on the 600 level and this la dipping toward the shaft in such a way that It may possibly be eat between the 000 and 1000 levels and If not it will be reached with a mall amount of drifting. During the paaf week there baa been some activity In the North Standard stock and local people are watching the development of the property with considerable Interest. The haft Is expected to reach the 1000 level by the holiday season. ore-beari- Concrete Work In Shalt Will Soon B e Finished -- . progress la being made with the concrete work In the new No. 8 shaft of the Chief Cons, mine and It Is thought that the Job will be completed within the next two weeks. Just as soon as the bottom portion of the new shaft is lined With concrete tie development campaign, which ImtJ be handled from thlc new shaf jwlll be started. It la understood that the plans call for extensive prospecting of the ground which Ilea to the east of the Chiefs large ore. deposits. Drifts will be sent out to the north and south from the No. S shaft for the purpose of cutting Important breaks and another drift will be driven westward for the purpose of connecting- the lowest level of the new haft with the 1760 level of the Plutus. a raise to connect the two levels. While a large amount of prospectthe ing has been performed during Plu-tus past year for the benefit of the holdings it Is thought that more extensive operations will now be In order, the new work to be handled largely through this new shaft. Rapid going on all over the world and, which Is resulting In Increasing purchasing power for gold. Depression In industry has forced down the price of silver, making itself felt as a market factor In several ways. Rapid rise In the price of silver was due to abnormal activity and prosperity in India and China, which furnished large supplies during the war. China Is now feeling the effects of a dull trade and with, its export market decreasing It has not had the credit to purchase silver in large blocks. India, which has been the largest absorber of silver. Is also feeling effects of a poor monsoon, while world production of silver U still being augmented by sales of melted silver eoln by continental Europe. This extra supply of silver coming on this market at a time of limited demand has accelerated the downward movement. SitnatioD Another factor which Is not easily measured Is the slowing down In the arts which are large consumers of the white metal. The Jewelry trade, There is grave eoncer as to the in common with other lines of In- outcome of the Utah railroad cay, dustry, has felt the effects of the re- where the carriers have gbne over the and In' Industry adjustment wholesaler have had their share of the heads of the public utilities comcancelations and rejections. Apart mission and petitioned the Interfrom the retail trade which Is nat- state commerce commission, for to raise their rates on coal urally looking forward to a. big holiday trade the Jewelry business wiU and low grade ore, handled wholly be affected by the industrial sltu-tlo- n within the state. Only this week a and this may mean a lessened similar case, In Illinois, was decided demand from this quarter for the In favor of the railroads and against time being. Customers of .Jewelry the public utilities commission and a great Tintie mining operators are quite stores have undergone chalkge since the war. With munition badly worried regarding the outworkers and mechanics getting their come of the Utah case, which Is to wages doubled and trebled they be- be heard In Washington yithln the came regular customers of Jewelyy next few days. Should the interstate commerce stores, made expensive purchases, and paid for them in spot cash. This commission decide that the railcondition Is now being changed by roads of Utah have a right to raise the economic adjustment which the world is undergoing. To date the treasury has purchasOnly ed 18.641,107 ounces of silver under the Pittman act, out of which 8,000,-00- 0 ounces have been allocated for Manager E. J. Raddats, who resubsidiary coinage. to Salt Lake yesterday after turned o a business trip to Denver, says that WORK ON TIVgC PEERLESS. he hopes to see the new mill of the Tintie Standard company in opera. Assessment work for the present tion by the end of this month, alyear Is being performed on the Tln- though it will most likely take another thirty days to make all the tlc Peerless group of thirty-fou- r claims, which are In the vicinity of adjustments needed before the plant the old Tlntlc cam a of Diamond. The is running smoothly and handling claims were located a year or more something like its capacity of ore. ago by Frank Birch, Aert Wilkins, The initial capacity of the new mill Perry Fuller, FranfAllen and Hy-ru- will be about 160 tons dally and Mr. Mattson, wbf have assessed Raddats says that preparations are themselves for the sum needed to being made for the extraction of cover the annual labor. The ground this quantity of mill ore from the hows a proposing lime formation workings of the . Tlntlc Standard and the owners hope that mining mine. There Is a large amount of low conditions will Improve sufficiently grade ore on the dump at the East to enable them to carry out an ex- Tlntlc property but the older workings of the mine contain a vast ton- tensive campaign of development. Serious' Says Tariff Is . m . FARU BUREAUS OF NATION START VAR ON PRICE DECLINE Number 5. Standard Shipped - 181 Cars h Month Frank Thornburg, who was here early in ihe week from Balt Lake, e ays that the development' campaign, which for some ttmb has been under All record in matter of, proway In the property of the Tlntlc duction broken last month; Coalition company of South Tlntlc, has resulted in the discovery of a outlook is good for heavier very promising stringer of ore shipment in December. which comes in a large deposit of 0 iron and quarts. Work is being carWhile figures on the mine's earnried on through the main tunnel and recently a small cave was encount- ings are not available at the present time It Is generally understood that ered. ' Mr. have been piling up r ratty Thornburg has operated in the south end of the district for many!rapidly ln tbe treasury of the Tlntlc years during which time he skipped Btondard MlnIn company as a re-- a lot of good lead-silvore. He'nlt of the heavy shipments of high says that the holdings of tho Tintie Rrade or and shareholders can no substantial dlstrlbu-promisin- g Coalition Includes some of the most ;doubt cpect undeveloped mineral land:tlon 01 there profits along about in the whole Tlntlc District and he Christmas time, 'or the month of November the looks for that section to attract a' Standards output was 181 lot of attention during the coming year. "South Tlntlc has never bee.i carIoads this being a record at depth, said Mr.ln tonnage. The heaviest shipments any Pravious month was 150 car-- a and It has bean quite Thornburg, few years since much attention oada or October and around the was paid to the many propert'es of comPany'i mine office there Is a that section, several of jpiich have understanding that Decern-or- e of commercial grade exposed ln ber shipments will exceed 200 car- loads, possibly going as high as 216 cars if there are no mishaps. Up to this time the mine has shipped noth- but the higher grade ore but be a lot of new work in the vicinity!11 of the Tintie Coalition and we feel arI 1,1 h new year a considerable ower rcde ore will be sure that our property will be thetonnae first to be established on a paying enl 10 the new mill which is rapidly basis, because we already have a nearn the completed stags. This located to the east of Goshen number of places where small and the mill ore will be handled by bunches of ore have been opened." the new Goshen Valley Ry. and the Rio Grande Ry. : er j "tic break-prospect- , ed rr i S1 Confronts The Mine Owners .per-missl- on " their rates on low grade ores and coal It will deliver a knock-oblow to the metal mines. The coal mines can pass the burden along to the consumer but the metal mine owners have no such recourse, they have to ell their metals at the going prices. If those prices are sufficiently high fo admit of profit, all is well, but on the other hand If costs continue to mount and metal prices remain stationary or go lower there Is but one course open, the dosing of the mines. It Is sincerely hoped that the Interstate commerce commission will not permit the raise In Utah where the railroads have for years been charging much higher freight rates than those existing In such states as Illinois and New York. ut o Some Ore Showing In 1800 Drift In Lfy o President Walter Fitch of the Manager Grant Snyder will visit Chief Consolidated Mining company left this reek for Washington, D. the Eureka Lily property today for C., going there on business for his the purpose of respecting the drift on the 1800 level, where work has company. There are certain matters been ln progress for some months. to taxes the government pertaining The face of this drlftsla new about Mr. of the Chief mlnpWhich Fitch to 500 sout of the shaft hopes to cleanup during this trip and feet is the some ersr showing, acthere and he will aye attend the railroad rate case hearing which comes up cording to Supt Yfrfk, in fact the before the Interstate commerce com- break has showed ore for almost mission during the coming week. the entire distance of 600 feet. Manager Snyder feels confident of Will Lead Mrs. Fitch and daughter, Miss Maude getting a body of commercial ore Fitch, accompanied Mr. Fitch on the on 1800 level. the visitsome weeks will and spend trip nage of mill pro of a more desirable ing with relatives and other friends maIn Washington, New York and other Salina Canyon Mine grade, consequently the dump terial will be left until a later date. eastern cities. Now Being Developed Manager Raddats, when asked reo Tin-tic garding recent earnings of the From reliable sources we are InMines Bureau Of Utah Standard, said that the mine has formed that work on been doing exceptionally well, de- . Now Experiment Station the Poulson development coal mine in Salina Is spite the low price which lead Canyon will be commenced during bringing, and that a substantial The United 8tates bureau of mines the joining week, says the Salina Christmas dividend will be declared at the University of Utah has been Sun of a recent date. A force of men when the directors hold their meetidesignated as an lntermountaln ex- will be put to work at an early date ng,'- within the next week or two. vein and a tempostation by the department on the nine-foperiment Shipments are now heavier than of the Interior, according to word rary storage bin erected. By early they have been at any time in the received by Thomas Varley, metal- - December it Is expected that twenty- history of the mine and with a betln charge. The bureau will live tons a day will be taken out. ter price for lead the Standard lurglst Its Jurisdiction Montana, It is the intention to put on five-to- n under have would be able to pile up an immense Utah and parts trucks to haul the fuel to Salina Colorado, Wyoming, sum of money. However, Mr. RadNew Mexico and Nevada. the winter months and early dats can see no Immediate Improve- of There are Shout 11 main experi- during ln the spring development will be ment in the lead market, the preof the bureau of mines continued. sent slump undoubtedly being caus- ment stations all but one being ed by the dumping, on the local in the country, - state universities. The at located market, of vast stores of foreign work at the Utah station Is concern- Harding' Realizes Needs lead. It Is general'y understood that Of The Mining Industry mainly with the1 metallurgy and o there will be some relief for the lead ed silver of ore dressing lead, copper, Warren G. producers o.f this country when the and sine. That President-eletariff laws are revised .early ln the Harding fully realizes the great Imcoming spring and ln the mean time portance of the mining Industry Is Shaft Now the mines of Tlntlc, most of which Lehi-Tinti- c evidenced by the following letter to are heavy producers of lead, will Down Distance Of 130 Feet President B. Willis, of the American suffer greatly. Silver is unusually Mining Congress, and read before weak on the. foreign markets and that body when In aessloivtn Denver, With the new hoisting equipment had It not been for the Pittman act, ln and running smoothly the Colorado, last week. Our next presiplace which guarantees a higher price to miners are able to make five dent said: the mines of the United States, lead-silv- feet per day ln the shaft of the Lehl-Tint"It Is my hope and belief that we producers would be out of of North Tintie. will presently be brought to realize property Inbusiness at the present time. says that the that the tendency to reaction and Manager Zabriskie momenIs dustrial only depression of about haft now has a depth Not only is our country sound Enlarging And Retimbering 180 feet and that it Is cutting tary. but It Is the world's and secure, . similar a lime formation, through Shaft At Eureka Standard to and hope. We have been that through which It has already mainstay some improve- through a trying period, ln which but showing passed Assessment work of a permanent ment. Of course It Is too early to national policy and aspiration have nature is being performed at the expect much of a change but there been misinterpreted and misjudged. property of the Eureka Standard Is a fooling of satisfaction among the We have now had a convincing deMining company,) the 60 foot shaft shareholders of the company now monstration of the real attitude of being enlarged shdretlmbered. This that sinking operations are proceed- the American people, and it will not 1 1 n prepinran for a cam- ing without Interruption. This has fall to reassure both our people and paign of development work which been reflected in the stock market, the rest of the world, which so greatwill no doubt be launched during the Lebl-Tlnt- lc shares being in greater ly needs our steadfast support and coming year. This ground Is direct- demand and at advanced prices. aid. A mighty effort will be required of us to' meet the demands that a ly south of the Tlntlc Standard and o is controlled by E. J. Raddats and recovering world will Impose. The associates. Tie 660 foot shaft was Butte Hard Hit By In no direction will these dePrice Of Copper mands be more pressing than ln supsunk at the time that part of the In Slump o Eureka ' Standard holdings were plying those necessaries cf life and from Butte In- reconstruction that must come from owned by the Montana Mining received Reports dicate that the great copper camp the richness of the American mines. has been hard hit by the recent With wisdom and deliberation, such OREGON MAN HERE. lump In the price of copper. Butte as we hope to secure by dint of the aid' of such expert depends entirely cm the red metal Leonard Adams was here this and when the price dropped quite authorities as your own organlse-satlo- n week from Elgin, Oregon, for a visit a number of the mines were dosed represents, I believe we shall with his father, George H. Adams, and othess cut down their forces place our country and your Industry to prosthe superintendent of the Dogma quite materially. It being estimated once more on the high-roa- d property. The young man, that 0,006 miners have left that perity and success. To that end you in company with his brother, Wil- camp during the past three or four may be assured that every energy liam Adams, and other business men months. Business of all kinds has and effort of the new administration of Elgin have a very extensive lum- suffered as a natural result of the will-b- e directed. ber and box manufacturing business. slowing up of mining operations. "Please be good enough to convey The business was established several With operating costs at the highest to the congress and all Its members fears- ago and recently reorganised, point In the history of mining there the assurance of my pleasure ln retaking in sufficient capital to enable is but little chance for the Butte ceiving your Invitation,' and my wish the company to engage ln box manu- operators to make a profit on cop- to serve you, in common with every other worthy American Interest." facturing on a more extensive scale. per at its present price. Thing That -- Save ot ct er lc - ng i President Jim Howard, of the National Farm Bureau Federation, Invited the brains of the nahis organisation at Indianapolis, Ind. Dee. , I tion to attend the Aral called national convention of low-prilevel tor corn, wheat and cotton by a new and I An attempt Is to be made to overcome the arrangement One million three hundred thousand farmers wlir be represented. ce I r, i |