The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-15
GREAT Is OUR TINTIC.
A Few Facts About Leading
Properties.
THE BIG CENTENNIAL EUREKA.
The Camp is Booming, and Bids Fair to Be-
come Rival of the Great Park
City-AIInes North.
HE BIG CENTENNIAL EUREKA.

To HERALD reporter Simon Bamberger
gave the following interesting intelligence:
"Tintic is going to be the mining district of
territory, and rival of the Park The
strong point in its favor is that the mines
can be worked very cheaply, there being
no water to contend with, the mines being
as dry as powder horn and the railroads
are at their doors. AS to the number of
mines that are paying, there is the Eureka
Hill, which has shipped for years from
10000 to $1,000 tons, some of it ranging as
high as 500 to the ton and none of it is
likely to sell for less than $3.50. It is a
private corporation and while the amount
OF dividends cannot easily be ascertained,
yet 1t Is known that the owners are classed
among the millionaires.
EUREKA HILL AND BULLION BECK
are really twin mines and the lawsuit
grew out of the claim that they were from
one and the same great source, but they
are now split and separate. Next in the
lode, southerly, Games the
CENTENNIAL EUREKA,
Which is not a twin mine, as it con-
centrates into one vein. They
own about 5000 feet in length
along the vein and have rivaled the Eureka
hill and Bullion-Beck in shipping even
larger quantities of high grade ore tnat has
peen shipped by the other mines. The
company Is only beginning to show the
pubic what they can do in producing ore,
and 1t is estimated that ere long they will
produce from two thousand to three thou
SAND tons month, and it wouldn't aston
lsh nybody who is familiar with mining
N
small for the amount OF ore produced will
be even larger. The principal owners are
W.. w. Chisholm, Fred Woodman, Simon
| and Jake Bamberger and Benz EFT. Harness
and Bradley. There are about . ], 900 shares
IL the company, the balance, 175, 600 shares
are In the bank to the credit of the COM
pany. At the rate the stock is selling for
on the market it would make the property
worth SI50,0O0 and it asserted by some who
ought to know that half of that is already
IN sight IN the mine. The ore assays from
sou up to 5000 in silver and from $40 to $50
IN gold, beside considerable lead and
copper.
Next on the belt is
THE MAMMOTH
which has a great reputation for the va
riety OF ore it has produced and is still
producing 1t produces copper smelling
ore, milling ORE also lead, silver, smelling
ore and gold ore so rich that they have al
times shipped it in tin cans to prevent any
serious loss. Tons have been shipped
from here that have yielded many thou
sands OF dollars per ton. They have al
present in the treasury $3.50, goo and have
oeen paying IL per cent per month or
100000 shares. This stock is selling on the
exchange atS4 per share, making the valua
ton of the mine Sl,000,000 Sam Mcintyre
| William Mcintyre and Mr. Cunningham
are the principal owners.
THE SPY NINE
that has recently been purchased by the
Bullion-Beck people is also going to make
great showing for itself 1t is under.
stood that it will be listed on the
stock exchange and there are now mum
Der of people watching it with the intention
OF getting some of the stock. The grea
advantage Of the Tintic mines is that wher
the ore is shipped to the market they
lind ready sale for it at gooC
figures and thus avoid the uncer-
talnty of treating the ore in va
rious processes which do not always prove
satisfactory. There are a number of pros
poets being developed that promise well
and there is probability that a
soon as they show sufficiently to SHOW
permanently they will be placed on tn,
stock exchange as prospects. These ar
the class of mines that the people win b
looking Tor to buy stock in, for the other
have become so valuable that the stock CA
only be purchased by those who have ampl
means.