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Show I I , - The year-end finds Lower Mammoth In a very lli 'i' questionable position. After making all prepara- tlons to open the big shoot on the 1800 level the ff V company made a slip somewhere and failed to find J I f ii the ore where the surveys indicated it should be found. Undismayed the management has taken a 1 1 ; new starl and the future of Lower Mammoth will 1 I ; be known before the New Year is old enough to ! I ; wean, i ' & 1 1 : f The Mammoth at Tintic has been rejuvenated j ') as a gold proposition. A car of ore worth more I j ! than $100,000, taken from the 1400 level brought ill. '' the property to the favorable attention of stock I -1 , buyers and there is every nssurance that the old- ' i ,' new. mine will hi heard from frequently in 1D08. ' ItH old rival, the Grand Central, with enough sil- ' jS ver-lcad ore to keep the miners mining for five n , years, nicely blocked out, has been forced to shut ! j ; down owing to smelter conditions. May Day has , J acquired a gocd slice of Uncle Sam territory dur- h in? the year, paying for it with a new stock issue. 1 f ' "' , It has ore in nine faces and has become a regular ,. ;, dividend payer. Uncle Sam is worth more now j ! than at the beginn'ng of the year. Although j forced to suspend production by lack of demand J j for its ore it is able to maintain a small dividend " j I ' from the income it receives cn its May Day hold- j inffs. Little Chief, which was quoted at 17 jgl cents in Januaiy, brings only 5 cents now. Its a pn;si!ects are not bright. Failing to find mineral fj in raying quantities the management has discon- p tinned operations and disposed of its machinery, i jtj' ' Victor Con. developed into a shipping mine this ' h last summer and should remain in that class for , ;. some time to conv. , i ,,' Bingham, although hard hit by the copper 1 , metal slump, comes up for another round smiling j i and confident. The Utah Copper company, by I its successful treatment of low grade porphyry ore ; 1 at Garfield, has inspired the whole camp. The f j Utah Con., Ohio Copper, Bingham Amalgamated and Bingham-Butte have made no concessions to the prevailing apprehensions and have enabled the district to stem the tide of adversity. Now the Boston Con. and Tintic Mining & Development company are getting back into their working clothes and will make a little history during the new year. The United States S. R. & M. company has won a signal victory in its litigation with Col. E. A. Wall over the Kempton lode at Bingham, its title having been affirmed by the supreme court of the United States. Park City witnessed, early in the year, the consolidation con-solidation of the Silver King with the Keith-Kearns, Keith-Kearns, Magnolia-St. Louis and a bunch of lesser properties. The 'Coalition," as it is called, has been the moans of inaugurating a systematic campaign cam-paign of underground development which, in the year to come, will show some extraordinary results. re-sults. The consolidation under the management of the Bamberger interests of the Daly-West, Daly and Ontario was another progressive step, the full benefits of which will not be realized until the Ontario drain tunnel is reopened. For six months and more the attention of the public has b3en directed toward the South Colum-bin Colum-bin at Alta. A big ore body having been found on the upper tunnel level the management has bsen bending its efforts toward the opening of the shoot at depth. Drifts from the lower tunnel have r 11 but completed the connection and the resources of the South Columbus will be exposed early iu 1908, if not sooner. There has been a continuous improvement In the average value of the copper ledges in the Cactus Cac-tus mine at Newhouse so much of an improvement improve-ment that the production of sulphide ore is likely to equal the tonnage of milling rock. In spite of serious handicaps the older camps in Nevada have made a wonderful record this year and they are as yet hardly launched on theii careers of prosperity. During the twelve months ending October 1 the mines of Goldfield alone con tributed $10,000,000 to the wealth of the world and -paid $4,200,000 to their shareholders and leasing companies in dividends. The New Year finds the mine owners girding up their loins for a decisive struggle with the smelters on the ,one hand and with the miners' union on the other. The story of their battle for lower treatment charges and "open shop" belongs to 1908 and not to the period now sklddoolng away. The principal developments of the year in Utah and Nevada have been barely touched upon here. Columns of statistics and pages of descriptive matter will bo found in the splendid anniversaty numbers of the daily papers by these who have time to read them. The brief analysis of the con ditions that are and the forecast of things to be, given above, is for the busy man. If you are not busy and therefore want more history the difficulty diffi-culty can be easily overcome get busy. |