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Show IE The Market and the Mines I 11 For a week now the Fink Binelter at Garfield I has boen In operation, but the public is still un- H informed as to whether the operators can cook I w ore without burning it. The little plant got under Bl way at 31 o'clock on the morning of the first of Hun January. The start was witnessed by Samuef Hlji Newhouse, first aide to the inventor, and several Inl guests called in from the older smelting and I Null milling institutions of Garfield. With never a B fflS balk the furnace warmed up attaining the highest H 31 temperature wi'.h a quickness and a celerity that H H astonished the spectators. "I have never seen m anything like it," said one of them. "If Mr. Fink ft will apply the same principle to the common, or H m domestic stove, he will do even more for hu-H hu-H H inanity than the most perfect of smelters. Why, H P sir, do you imagine that any man who really H k loves his wife would allow her to fuss around these H li cold mornings getting a fire started in a slow-H slow-H I combustion heater when he could buy her a Fink H c stove that would warm the house in a jiffy? Not I'l in a thousand years, sir!" H R w w i l 1, While the onlookers hastened to compliment Eg the promoters on the good points manifested by !n the trial smelter its ease of regulation, economi- cal consumption of fuel and high potentiality of l heat, the recipients of the congratulations said . nothing but "Thank you." Mr. Newhouse after- H ,' ward announced that the commencement of the 1 test had been very satisfactory, but that he was Bf not prepared to herald the process as a success H until the initial run was finished and the results ! reduced to cold and unemotional figures. So far 1 as indications go at present the Fink process will fl fulfill the requirements of many a mine whose H location deprives it of the pleasure of being H trimmed periodically by the smelter trust and the B railroads. H ul ,! H You can hear whatever you wish concerning H , the relations of F. August Heinze and. the Silver IMl King Coalition company. If not pleased with -what one man tells you, you have only to ask the next person and you will get an entirely different story. There is, however, no doubt that Heinze wants the Coalition ore and wants it earnestly and enthusiastically. But for his contract with the Silver King he would, probably never have thought of leasing the Majestic smelter at Mllford. Heinze may be a little ha:d up at present, or even "down and out," as his enemies love to declare, but in a world where a reminiscence like Jim Corbett is spoken of seriously as a contender for the pugilistic pugilis-tic championship, there is no such word as "extinguished." "ex-tinguished." That the public does not regard the Coalition's end of the treatment contract as molasses mo-lasses candy is evidenced by the experience of the stock in the bear pit this week. Judge Marshall's Mar-shall's action in overruling the Coalition's demurrer de-murrer to the Silver King Con's complaint may have started the slump, but the ore contract imbroglio im-broglio helped it along. iw ffi t It has just been suggested that one of the reasons, rea-sons, possibly, why the Iron Blossom has failed to find the Colorado-Sioux ledge at its north shaft is that the ledge is not there. If the vein is not there the failure to find it will not be considered lemarkable, since there are only a few mines which, like the Sioux Consolidated, find ore where it isn't when the stockholders ask about it At this writing tihe recent buyers of Iron Blossom are stirring uneasily in their lrridescent dreams and the forbodings expressed on this page have beeen more than justified. The Iron Blossom management man-agement has tacitly abandoned its theory that the Colorado vein runs straight south from the Sioux, by turning west from its north end workings. From the north drift on the 325-foot level a crosscut cross-cut inclining downward to the west is being pushed through lime the kind of limestone in which lElast Tintic ore bodies frequently make. Ed Loose's theory that the Colorado ledge turns southwest toward the Carisa after leaving the Sioux has not yet been proved, but if it were true the Iron Blossom would expect exactly those things it has experienced. t tS iJ The Carisa is drifting on two levels from the Spy shaft an. while the faces of the drifts are characterized as encouraging," no ore is being 1 removed. The Addie Mining company, located in East Tintic, after drifting 100 feet from the bottom bot-tom of a 100-foot winze, dropped below the tunnel tun-nel level, has encountered a fissure in the limestone. lime-stone. The mineralization of the fissure is so strong that the company feels justified in enumer-atng enumer-atng some of its fowls before they emerge from , the incubator and has ordered a now noist. With the fresh equipment it is proposed to drive the winze on, down to the 500-foot level. The shipments ship-ments from Tintic mines last week amounted to 111 cars. Of these the Colorado furnished 33 cars of 20 tons burden and the Sioux supplied 11 full grown cars carrying the regulation 50 tons. i Excellent work is being done by the Tintic smelter smel-ter with its two active lead furnaces. The gentle- i men in charge are hopeful, but not definite as to J the date on which the third and fourth lead fur- jl naces will be put in operation. & J8 & 3 I Attention has been called to the Beaver county properties of the Peacock Copper Consolidated company by a display of samples which reached town this week in the custody of Manager Block. The best of the specimens carry 3,000 ounces of silver. In the property, which lies west of the King David, there Is said to be a vein two feet wide in wheh there is silver, 300 ounces a ton, lead 47 per cent, and gold, $1.80. The vein was tapped after drifting a short distance from the bottom of a 100-foot shaft. W ( Prospects seem to be very good for a substantial substan-tial advance in the price of Little Bell stock. Some three years ago, it will be remembered, this Park City offering was considered cheap at $12 or ?13 a share. Since that time the Ontario drain tunnel has been repaired and extended, the Daly-West ha3 uncovered new resources in Little Bell ground and the Bell itself has resumed some of its former activity by sending a crew of miners into the third level. Silver, to be sure, is lower now than it was when Little Bell was a market leader, but, after allowing for that, it seems prob able that the share will soon command more than $2. There Is a big quantity of silver and lead in its territory! Getting the metals out and sell- ' ing them are the problems which loom before the company. & & The C. & C. (meaning California and Corn-stock) Corn-stock) Consolidated company, proposes to inaugurate inaugu-rate an era of deep mining at the western extremity ex-tremity of the Park City section and next to the 1 estate of the Silver King. An additional G50 feet will bring the present shaft on the C. & C. down to the thousand-foot level and that is the depth de ined necessary to make the property a brilliant bril-liant member of the galaxy of Park City producers. |