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Show Mining and Financial I Utah's mineral production for the year 1012 exceeded that of the preceding year by $G, 084,845, according accord-ing to figures which have just been compiled by the United 'States Geological Geo-logical survey. The total alue of the mine output of gold, sllve.r copper, lead and zinc in Utah in 1012, according to advanco figures compiled by Victor C. lleikes, of the survey, was $42,022,802, against $3G, 837,457 in 1011. The production of gold was valued at $4,205,851, a decrease of $431,147 or 10 per cent, compared with 1011. The largest producer of gold was Juab county, which yielded $1,804,812, against $1,500,850 in 1911. The Tin-tlr Tin-tlr district, which is partly in Juab count? and partly in Utah county, produced $1,900,732, or 44 per cent of the total output. The Bingham district, dis-trict, in Salt Ltike county, ranked first in gold output in 1011 but was second sec-ond in 1912, when Is produced $1,788,-730, $1,788,-730, or about 42 per cent of the total. Tooele county is credited with $460,-C32 $460,-C32 In 1912 and $584,917 In 1011. The county Vns for 23 years been a large producer of gold from the Consolidated Consoli-dated Mercur mine, in the Camp Floyd district, but at the end of 1012 this mien was on the verge of closing, having hav-ing about exhjvasted its ore bodies. The silver production "of Utah in 1912 was 13,385,003 flnouncos, valued val-ued at $3,600,080, and showed an increase in-crease of 1,802,110 ounces, or 10 per cent. Juab county produced C,G38,426 ounces in 1012, against 4,C73,G08 "ounces in 1011, and Utah cpunty 531,-478 531,-478 ounces In 1312, against 034, 7G8 ounce sin 1011. The Tintlo district, covering parts of those two counties, t increased its output from 6,514,702 jounces in 1911 to 7,073,104 ounces in 1912. Salt Lake county produced 2,-218,822 2,-218,822 ounces In 1912, against 2,- 9 17,841 ounces in 1911. Of the Salt ' Lake county yield, tho West "Mountain "Moun-tain or Bingham district contributed 2.028.49G ounces In 1912 and 2.78G.810 ounces In 1011. Tho silver output of the Park Ctty region in 1912 was 3,-042,740 3,-042,740 ounces, nn increase of 214, 098 ounces, or about 6 por com over that of 1011. The Utah Light & Power company, the operating and holding company for the Utah Securities company, ha decided upon an issue of $8,000,000 five per cent bonds. It is proposed to use these to take up Utah Securities notes Issued last -ear. These were Q, per cent notes, .Issued for a term of 10 years. There are about $ 10,260, -000 of these notes outstanding, and if an exchange ot, bonds up to tho limit of the bond issue is made, it will effect ef-fect a saving to the company at tho rate of about $S0,000 a year The copper producers' statement for the month of April shows thut there , was a falling off in production as compared with March of 818.447 pounds. It shows a decrease of copper stocks on hand of 28,720,101 pounds. This is the largest decrease shown since January of 1010. This decrease is shown in spite of the fact that about 10,000,000 more pounds of copper were ' made last April than in April of 1912. Theie was a large export trade In copper cop-per during April. The following from Senator Borah of Idaho, in a recent address, is a fit- . ting tribute to the prospector: "The prospector is one of the unique, one of the most exceptional and most worthy of all those romark-able romark-able characters who have oxplolted and led the way for the development of the west. The west owes him a debt of gratitude which the west can never pay. Always poor, often homeless, home-less, self-reliant, hopeful, generoug a-"d brae, he has been the solitary explorer of desert and mountain fastness; fast-ness; the man who has unlocked from Its imprisoned silence the countless millions of what is now the world's wealth. He penetrates tho most remote re-mote and inaccessible regions, defies hunger and storms alike, sleeps upon the mountain sides or In Improvised cabins, restlessly wanders and searches through weeks and months and yeara for nature's hidden and hoarded treasures. Oftentimes his search ends in poverty, distress anil failure, sometimes some-times in success. Without the prospector pros-pector this poor, isolated wanderer tho great mining cantors of tho west would not oxist. Without his uneasy, novor-tiiing efforts millions of dollars now on their way to mlnistor to tho happiness and comfort of the race would never hnvo boen pourod Into the channels of business and commerce." What would have been the effect of the following six strikes in the mining min-ing fields of Utah had they occurred a few years ago, when speculation in Utah mining shares was livelier than now? The Moscow, Beaver county, opened up a big body of ore, from which tho company for seeral weeks has been .' ing. The strike at the Thompson-Quincy, of high-grade silver ore. The upraise from tho Dwyor tunnel, at the South llocla, Alta, loading to the best looking body of ore yet shown In the property. The encountering of rich ore by the Daly-Judge, in a formation, hitherto unproductive, In tho Park City camp, and finding it continuous 120 feet to date, and the end not yet. The strike at the Silver King Coalition Coali-tion on the 1,300 level, where $300 (per ton) ore was a cut a few weeks ago. The cutting of splendid shipping ore, found In th bedded plain, tapped by the bllver King Consolidated, a few days ago. and tho shaft still in ore after better than 22 feet having been sunk in ore. |
