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Show Mining Industry Booms To-day mining stocks that were practically valueless a few years ago, thru science, have been thrown sky-high. sky-high. Low grade zinc ores that were at one time looked upon as worthless and detrimental are now being mined at a handsome profit. The earnings and surplus of the producing mining companies of Bingham never were greater. There has been particularly a big increase in the demand for lead. This fact combined with the other fact that there have been no vast bodies of lead uncovered in the past few years has put new life in the industry. Those who' are familiar with the mining min-ing situation and who are in a position posi-tion to know, say that a mining boom is now imminent a boom that no ubt will surpass in Intensity and sensation sen-sation anything that has been seen in this country for imiany years. It is safe to predict that Utah's mineral products have shown net earnings approaching $25,000,000 for the first nine months of 1925. The mines oi Bingham that have contributed to the dividend record are: Bingham Mines Co., $90,000; Utah-Apex Mining Min-ing Co., $501,790 and the Utah Copper Cop-per $4,863,470. Outside of the Utah Copper Co., the other mines have made their dividends from silver-lead ore deposits. Silver and lead are now the foremost metals, the demand for lead is so great that the supply is unable to meet the world requirements require-ments and as a result it is selling for more than twice its average before be-fore 'the World war. Silver is high, with European countries hurrying to get their financial households in shape so that they can commence to replace debased money with silver coinage. There is no reason why Utah people with money to invest should shun the better silver lead mining stocks of the state. It is highly essential that they avoid highly speculative mining min-ing enterprises, but it i3 not hard to pick out the mining companies in this camp that are paying good returns on the present market price of the stock, with the outlook never better. A recent strike of lead ore was made in Rose Canyon which will no doubt open up a field that has been laying dormant for many years, and will I imbue many old-timers with new hopes. |