| Show HOW I UTAH STANDS IN MINERAL WORLD As compared with the other states in mineral production in h 1910 Utah stood second in silver fourth in copper and sixth in gold Its to total l silver production for that year was its its' copper pounds gold sold lead and zinc I II i I HEX HEN th the tho dividends duo from Utah mines for tor forthA th of oC the W T year rear 1911 have hn been added the total for tho state should at least equal IC not cx exceed th the dividends of or the preceding twelve months and also the year vear ar before that The Thc first three quarters of ot 1911 1 has hutS a total record of In 1 1509 09 the total for tOr tho state was In 1910 7 Si s. s Utah Copper has over a a. million coming In tho ho last quarter while Eureka West Daly-West st Ju Dal-Ju Judge Daly-Judge se Iron Blossom Co Colorado Grand Central Utah Consolidated Uncle Sam and probably others will no doubt help further swell en Utah Ulah mine dividends for 1911 1 According to published records Utah mines have ha disbursed In dividends d to stockholders tho the magnificent sum total of or To this should bo ho added man many millions more which have been distributed but never recorded Few Fow people stop to think what ig Is I back of oC all these great gret t dividends InI In tho thon n way of wages equipment and necessary construction expenditures The Tho I mining industry of or this state te directly anti and Indirectly today toda Is probably payIng pay pay- Ing nb out ut in was wages alono alone OOOO to every year I It Is employ log ing between an anti and men it At a n. ti 3 3 wage viv that amounts 10 to a n. day dar a month or a n. year car For twenty years rears that would be bo over In wages to be credited to the tho ruining mining Industry of ot this us state But nut General Connors Connor's old miners drove e tho the first picks Into tho ground nearly sixty years ago Equipment and con construction expenditures will reach into the hundreds of oC millions too The smelters melters and mills alono alone embrace vast sums of oC money mono The total production of the mines of ot the state to cover such expenditures and still pay Jay dividends of oC over o has been something enormous In size and too great in dollars and cents to be bo appreciated Yearly It amounts to O ocr Or r while agriculture Industries total one-fourth one that amount But mining may hold high its head in tho the face of oC all these great costs find anti expenditures as It is the creator virtually of oC the precious us stuff stull which makes money Through this industry and it alone this all powerful mone money Is extracted from the bowels of oC the earth and distributed making all nl other Industrials more or less dependent on It Blot out mining from Utah toda today and tomorrow the state would be hopelessly prostrated Mines ines Exceedingly Prosperous In face of or such Ruch facts and the further fact that never noer before In the tho history his his- tory lory of mining in U this state tate have the mines generally been een In such excellent ph physical condition never nc h have l e the various camps been sending out such enormous tonna tonnages cs nor have o the sm smelters been handlin handling so much o ores cs and with dividends up to the average l yet people generally arc to declare mining is ts dead The rho truth is is the industry never showed such robust health alth Tile THc trouble should be laid at other doors The banks the money vaults and the central mone money marts are toda today groaning under their load of surplus coin Their great maws mas are extended beyond the thc ordinary with vast ast accumulations of or the precious metals This shows the mines have not hot been hUe Kile but have more mon than done their part digging into the tho earth and extractIng extractIng extractIng extract- extract Ing refining and handing out to an cager eager world millions yearly of ot gold of ot otiler il er and copper Yet when the infants In the great money making Industry the prospects and the tho near mines present ent their claims at the doors of oC the money marts asking only for absolutely absolute necessary means to carry carryon on developments to a 1 profitable point they receive a shake of oC the head or are grudgingly accommodated accorn and and tho the Indu industry suffers because tho the nece necessary sarr new nc blood Is IJ stinted or chol choked ed off entirely Accordingly the younger companies are arc crippled the stocks discounted and the same mme spirit spreading to stocks In I ol r JI Mi tho I I- I hurt t nn 1 more or less les I I D But t b brighter j ht b better r times S are i.- i. n now k knocking o j g- g gi nt at i the doors doors or of mining Within Just the past few weeks mone money has begun to loosen up and Inquiries for meritorious properties have Increased The indications are that tho the year ear 1 1912 n will be exceedingly good to mining Big dividends and bl big tonnages are predicted while numerous present prospects and young mines appear on the eve of profitable production I brIn bringing joy and prosperity to the great greath h. h industry throughout this state tate and the surrounding great mineral minerai states of or Nevada evada Idaho Arizona Colorado and Wyoming I IThe Mine Dividends for fer 1911 1011 The following dividends have been paid by br Utah mines to foi I ton and amI one one- half months of oC lUll HIll I j. j I Pala In Total paid I 1911 to lo date ate Bingham New ew Haven Haven e 1 Colorado h. h Centennial Eurek s I t c J. J Cliff t h o. c 1 West t I 16 Eureka r. r 1000 l ii O OOOO iron Iloh Blossom 1 f. f l 9 OOOO Moscow I oJ 00 o JJ J. J S Sioux t. I S 2290 Uncle Sam i j 1 Of I lah Copper p S1 Uintah Treasure z H 1 I Utah Consolidated l Boston Totals while at present five or fifty men nen are employed employed- The company compan has a n complete duplicate compressor plant which I is electric driven consisting of oC one ten-drill ten compressor andone and andone one Inc seven drill compressor In the same Bams I building are housed boSsed the blacksmith and machine nachine shops both being well equipped A material and supply warehouse Is la sl situated sit sit- isted a n short distance from Crom the compressor compres compres- sor or house which Is ample for Cor all needs The rho concentrating mill has a capacity of oC 50 tons per twenty four hours The re recovery re- re er co covery overy of oC values alues Is la good The mill Is now In n operation and the concentrates to together to- to r ether gether with the first class ore are be beIn being beng ber be- be In ing ng shipped hipped to local loca smelters t r Electric power to operate the mill com corn compressors compressors etc at the mine Is supplied b by bya a a. t. t hydro electric plant some somo four miles down lown the canyon from the mine It Is owned by the company was constructed con con- at a a. cost of ot about The rhe capacity pf pr the plant Is 8 30 p. h.-p. and It is isn In n excellent condition A i portion of oC this I power ower Is sold to other companies operating In ing ng In the camp for or both light an and power I purposes Tim Tho property Is In good ph physical condition condi coridi- ton tion and the future p p. p r s u o 01 i io ie VL I pan pany are arc extremely bright ht THE THE RIDGE AND AND VALLEY MINI MINING MIN MIN- I ING INGCO CO The Ridge and Mining compan company com corn I pan any pany is located In Eureka Tintic minIng mining min mm- ing ig district Juab county count Utah It consists OC thirty nine 30 39 patented claims approximately acres The ert t. t the the C Centennial Eureka Eur Eureka Eurela la Hill id and n Gemini mining properties properties prop prop- on the tho northeast It is on the same Mm mineral zone The property Is equipped quipped with u a hoisting plant com corn compressor l engine house etc The tho he devell development devel evel- I work worl consists or of a main shaft with three compartments feet Ceel in depth and about 1500 feet teet of oC drifting drift drUt- ing ag from the main shaft that was done several everal years ears ago or The mine has been beena a producer for tue tite past six years ears tho the I proceeds of oC which have hove been used for tor development work vork equipment and purchasing pur vur- I chasing additional property The Tho officers of or tho the company are as ns follows follows- William R. R Wallace dent Jackson C C. McChrystal stal vice presIdent pres pres- ident dent and manager Her Herbert ert S. S Auerbach Auer- Auer bach aci treasurer James Janice E. E Berkley sec sec- GRAND CEN CENTRAL RAL MINING CO In theIr their haste to get under wa way many mam mining men risk ultimate failure by bv consenting on to begin operations with th Insufficient equipment an and perhaps perhaps perhaps per per- haps a as great a factor as any In the success ss of oC the Grand Central Mining comp company ny h has s been the fact that their property was from the time of oC beginning beginning begin begin- ning operations the best equipped In Inthe Inthe inthe the Mammoth mining district which means that It was as one of or the best equipped In Iii the state This property consists of ot eleven cloven claims A double double- compartment shaft 2 2200 00 feet teet In depth with drI drifts ts crosscuts and upraises up up- raises C covers eight miles of or underground underground underground under under- ground workings and operations are conducted from the foot root level leve all all' th the wa way down all ai in smelting ore arc The company compan uses machine drills exclusive exclusive- I ly for both development and mining power being furnished b by a twenty twenty- drill compressor Over Ovel one million tons of oC ore have e been blocked blocke out outon outon outon on the various various' levels now being operated operated oper oper- at d and one of oC the great advantages or of the mine lies lies lies-In in tho the fact that no novater water vater trouble has haa been experienced the ore at Rt all levels level being dr dry through through- h- h out The rhe main ore bod body Is foot toot wide lyde and har hay been opened up to about feet and the tho lower they the theo Ro go o the greater the tho depth and as the upper bodies are arc worked out it Is tho the Intention tion of oC the managers to go o below the I resent Present bottom at the foot 2200 level This property ha has earned a gross g amount of ot nn and the dividends Pa paid to the first o or of this year veal amounted f to 1401 50 The pres present nt production is fifty tons tons amounting amounting- to a 8 carload a da nay day and with the equipment that the company has this amount will surely be Increased At present re ent the ore Is Islo shipped lo to the American Smelting nn and I I RefIning fining company at Salt Lake Altogether Altogether Alto- Alto gether there are men employed who work In three throe shifts and the mann mana management man- man a ement nt of otc the tho Property I Is In lit charge n of Colonel C C. C I F E. E Loose who has charge charEe of f 80 so many of at the tue best payers In this d district strict The J company compan Is capitalized ot at and has lan large l treasury resen reserves re- re ps sen serves es so that hint future futuro work on a proper basis nasis can be assured Those who hold holc will the stock i sh shoW w a reluctance to part with ihn that u It that Indicates clearly enough J It Is one of ot the tho most niost valuable Properties of ot |
