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Show 5 "MINING mND FINANCIAL"'" i ir soihcono. tolti 'you '(Tint -wond two Hindu fotir would ,ybtp.$tpp 'id'Htmi out ' "whether lie Nftti 'da lnftfifesl lft V business college ljproro adrnitfliljf flirtl ltd might be right? or com so not. "Tlib sjToftkor might l)p Joe Mulhatton "ltlffisoir, yflt you would ugicc without hcsltntfon tllal two and two did make Tour. rurthermorc, If you wore transacting business (lint called Tar the addition or two and two, you would act on tho theoiy1 that, their sum was Tour oven though the maker of the" statement inignt have a solllsh interest In putting: the proposition prop-osition before you Tor a long Mine, now, the vendors or mlp ig property haYe urged Hint tho world is sing more mewl every year and that the discovery or new mines Is not keeping pace with the doinnnct ror metal. This proposition Is ns Indisputable ns the statement that two and t$o make l'our, yet you shrug your shoulders and say: "Thoso rollows say so becdusc tncy have something to sell " If you believed this selfi-cvldent truth, you would be making provision rqr the future by Invest- Ing- In mining property. ' Yoit arc not investing, in-vesting, apd that shows you do not rccog-nlzo rccog-nlzo the conditions that exist In the mining min-ing field. - Here are figures compiled, not by an Interested In-terested broker or promoter, but by the United States Geological Survey, on the Increase In-crease or motnl production In tho United Stotes between 1011 and 1012. Production Produc-tion and consumption aro practically tho same, Tor tho supply or no motal Is more than n month or two ahead or tho demand. The output or'sllvor oro In 10' 1 was 730,-200. 730,-200. short tons and In 1012 wus 818,571 tons, an increase or 100,374 tons. Copper production Increased rrom 20,088,235 short tons to 35,073,331 tons,. or 5,085,000. Lead sprang rrom 5,052,520 to 0,152,00-1 tons, u fain or 506,435 tons. Zinc and load oro itferoasod 1311,857 tons and coppor-load oto Increased 8,321 tons. Thoro wore tremendous tre-mendous Increases in tho consumption or Iron, aluminum and the rater metals, but ns these do not alTeet tho valuo or Utah mines they need not bo discussed here The Increased production or sllvor, lead, copper and zinc wns, 7,015,083. tons Tor tho year and It wasn't a very good year 'ror manufacturing either. With th6 growth or population we may expect a similar Increase In-crease In demand this year, tho year artcr and so on, Indefinitely. In tlnee years we shall need 22,035,210 tons more or silver, lead, copper tmd zinc ore than now to meet the annual roqulrojnonls. Con the producing mines or today enlargo their outputs to this extent? Can the pros-pecls pros-pecls now under development do It? ir the rate or Increase. Is not ipalntalncd xvhat will happen? Tho xvorld xvlll bo short or motal xvlll li not. ond tho cost or metal and things metallic higher In proportion to tho shortage? Theso questions are particularly timely, Inasmuch as all the monthly magazines are starting departments fo" the education and onllghtenmont or Investors. Tho "education" "educa-tion" or on investor, according (o tho curriculum cur-riculum or the oaslorn financial xvrltcr, is in buy railroad bonds, railroad stock, industrial in-dustrial stocks and moVtgngos. ills "onllghtenmont" "on-llghtenmont" consists or a xyarnlng against betting on horse races, buying green goods and purchasing mining stocks. The only loason railroads linvcr been able to pay interest On their bonds nnd "Keop tholr stocks xvlthln hailing distance or1 par Is that tho public has Ignored tho advlco or tho financial experts and put some or Its money Into tho Industry xvhlch, xvlth agriculture, agri-culture, supports the rabrlc or our civilization civili-zation tlilio mining Industry. Tho time may como xvhen oven "llhtfnclal experts'.' will trace tho connection between paralysis or mining and prostration or business and Varn their followers (hat "leaving mining 1 'alone" Imperils all other Investments In that millennium the Investor xvlll be Instructed In-structed In tho principles or mining finance and guided (o investments that xvlll bo as ,y&d"ast'hity' (fiat (ho Mhilnffr'liftlQStrlos can offer. Hy the time this mpols too eye or the r,eadei',lhds,lvnlgflt-ChVlstetlscH',ciilOrlhatiofr planl at Tlntlc should bo In operation. It Is n xvjjpk overdue at (his wiling, bu( (ho statement has been made thnt ovory-thlng ovory-thlng Is toady ror tho trial run. Tho try-oUt try-oUt xvjll bo on ore rrp;n tjjo black Jack property. The nrom(se or this plant ana the nexv vein in tho.; Iron niossom give Tlntlc a most choorrul outlook. I) on niossom's new cast vain may not be equal to tho Colorado-Iron niossom oro channel In size and xvoolth, but it appoars o bo i xvnndorrul discovery Jtlst tho some one that xvlll assuro dlvldonds ror years to came They have proved It ror a thousand reet on tho 500-root level and It Is rrom 2 to 20 reet xvldo. Average this width and multiply it by tho length and tho distance to the .sitrrorp, then mako the grade or oro as loxv as you please you xvlll nnd the values running Into millions any xvay you figure It. Tho mine management Intimates that best indications ore round boloxv (ho 500 level, ir this proves truo you xvlll have other millions or assets (o add to tno estimates above tho 500. Altogether (he prospects arc as rosy os they could xvell be and tho market xvookness or Iron Blossom Blos-som is hard to understand. Among them the Michigan-Utah company, Its lessees on the City nocks and tho Alto Consolidated are keeping tho Michigan-Utah Michigan-Utah tramway doxvn Little Cottonxvood canyon rrom rusting. Tho aerial highway xvlll add several xvecks and even months to the shipping season or the mines connected xvlth It and xvlll roduco greatly tho cost or marketing tho oro. It is only xvlthln tho last xveok lha( tho Michigan-Utah has resumed 'mining In Its Utah Mines Coalition Coali-tion territory. It has enjoyed a continuous Income, however, rrom royalties paid bv rity norks lessees nnd tolls ror tho use or Its trnmxvny. There aro sit active lenses on tlie Cl(y nocks and the development xvork done on them Is or considerable value to the oxvning company. Alta Consolidated hns suffered severely in n market xvny rrom the proposal or Its directors to expand the capitalization rrom 300,000 to 500,000 shares It Is offered noxv at 7 cents n share only a little more than half the price It commanded before the special meotlng ror increasing tho capital stork xvas called. At Park City Contractor Mellwee Is put (Ing the finishing touch, consisting or a 25-root sump, on tho xvorklng shart or th Silver King Consolidated. A large station has been cu( at tho 1800-root level and tho -way xvlll soon bo clear Tor tho development develop-ment by tho company or tho great ledge or oro and vein matter borweon tho 1,400 and l.ooo levels. There is a drirt noarly loo Teot long south rrom (ho 1,550 stallon rrom xvhlch a ralso can be mado a( onco inlo oro. A (hreo-root fissure vein opened near tho boltofn or the shart Is a now occurrence oc-currence In the King Consolidated. Although Al-though it corrlcs no pay values tno fissure xvlll. it Is believed, b a guide to on oro deposit at Its Intersection xvlth the bedded vein abovp. The gi grade voln In tho Amorlcan Hag has boon opened by a series of raises for a dlstancQior, A 18 vfot. (There has bean a lively movement, in Thompson-Qulncy Thompson-Qulncy this xvflok at prices xvhlc.Ii lpi)lcnto llquldntloo rollmr than on urgen( demand. The mine Is still giving a good account or itseir Dividends xvero paid by lxven(y-Qne Utah mines In tho first nine months, or (he year The total distribution or profits amounted to 15.090,005. |