Show UTAH TAUGHT MINING WORLD A A LESSON Hayden Stone Slone Co of Doston In J a weekly leler letter on the mines of the county country devotes much space to the tho Utah Copper of this state a com company pan which has made madea a record without equal In the annals of i copper mIning b by producIng WithIn I two years ears after its initial output pounds of refined copper itt In one month or at a rate o of production of pounds pC annum The letter says ays that thaL now that the lie company COmIn has golen gotten sufficiently far along wih with I tue he of the surface stripping there litts hus been a correspond correspondIng lug Ing improvement in the Ito nature of lie tho ore oro as to the contents content of oxidized mn tonal which has hns Increased tile reco cly on the tho same Bame percentage of rock Coincident wIth this has been a most satisfactory reduction In both mining and milling costs The large bul bulk of lie tho construction of stripping tracks is no foil completed which iliili wi from now on material lv reduce the construction expenses at the mine The month of ul bids fair all to equal the satisfactory tor tory results of Junc Second only in Importance to the rapid strides ma e by this compan In the tho dIrectIon of an enlarged output Is Is its record of costs which for June was just In excess of S cents pel per pound titus thus indicating net profits ou on a metal market o of 2 OOOO a arate arate rate of earnings equal to a trIfle over 4 per share on the out oUtstanding standing stock or about S 8 pel er cent OR on their present selling It Is not that this cost Is equaled equalled 1 by j any mine In this country producing a like amount of copper a fact the th advantages we have from time to pointe pointed out regarding the opera operation lon tion of deposits henceforth the main factor 11 in this copper supply history of the Bingham min minIng Ing district Is a record of surprises OrigInally a district It ht has one of tle the greatest copper producing camps In the United States ant and the us of porphyry which were ivere lassO passed the mininG excitement as worthless material are now at al the foundation of the tho prosperity which ts Is holding the lie attention of the world Copper COPIer mining general generally his has under undergone gone a great change In the last ff years Quartz or regularly de Und Lined veins yielded nearly al all the tho CO cop per ver prIor to the new era ora anI antI the per ier cent of cOPler had to be high In or order order der to meet the cost of oC extraction and reduction The mino of the lie such uch as the Hecla were In a con glom or to but the yield of tIme the Butte Dutte properties was from grea great veins WILh the uncovering o of the PorPhYrY belt or of an entirely new source of copper was discovered anI and now the it Is that thaL the or of ortho the tho copper industry Is dependent on hose lurge deposits which In what been as country and which yielding 1 per cent Ii up to 3 POl poi cent coper are aro 1010 pron profit able titan the tho copper In vein formation |