Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-01-21

monthly pfoduct as the Mcrcur mill.
There are many other pointa " simi.
larlty between the Mefcuf deposits and
those Of South Africa, In tolh Tue
thales ovefying the 70 aud the lime
stone under ". The Mercur uopohllAi
H. ", vsr,A,erhge much thicker than IN
The Rand.
BRIGHT PROSPECTS AHEAD.
UThe average coot Of mining AMI
treating the ciuglomefate of the Hanu
Ia SO per ton, white the Murcur ore IL
mined and treated nj cpst not sXcoel-
Ing 80 per ton; tue Sunshine orc does
tOt cost more than 81. In both the
iltter cases the cost oau be materially
reduced With perfection Of methods,
at will he seen rom the iofcg0lug
net the conditions At Mvfcur AMI ihu
Rand n South Africa appear 10 be-
iIsntical, and N the Msrcur deposits
extend over even half the same area,
they are capable Of yielding much
larger net returns than the marvellous
Johannesburg mines.
"Doctor Hatch, a well.known an.
thority on Tfansvaal mining, ostimatss
that 10 the next four yenn the Rand
output will be treblei In other w0rdf,
that by the year 1900 tho yield of that
district viii have rescued the enOr.
nous sum OF $3.50, 100000 per hnnum,
nnd that this immonss production eau
be maintained Tor n period OF at least
twenty-five years.
1--WE have four cyanide mills now
producing gold az Msrour, and with
tho completion OF the Sacramento mill,
which II nearly ready Tor operation,
there will be i've yielding about the
same amount Of gold rs was produced
in the entire Rand district In 1887.
"If the Golden Gate company efeols
mill commemorate with tho wealth
OF ore already developed In that great
property, the above output will at once
DO doubled. Many other properties 10
Mercur district are opening up yalu-
nble ore bodies aud viii doubtlesB DO.
como large producers during the pres.
cot year. With such wondrons mines
st our very doors, 10 bshosvtn cur citi.
Eens 10 DO up and doing. Let every
one who can spare n little from his
business or saving. set some idlo man
nj work prospeo ing. IL IL a gooi time
for the 'grub-stake.' FIJI the Morcur
country with prospeotors, but In grub
stalking. prospecting aud all mining
ventures we should use every pfcoau-
iion and care thnt a prudent buaintgs
man would use In his ordinary business
Attain. IL 10 only In the exercise OF
thoughtful care, intelligent disoriminA-
tlOn aud prudence In the selection OF
men and means that prospecting and
miuiug eau DO brought up to the siEu.
dArd OF legitimate business.
IMPORTANCE OF THE EXCHANGE.
'rhe exchange should At once be.
come an important factor In tho great
mining movement that IL SURE 10 take
place In Utah tho coming SESSION. We
should change our listing rules no M
TO conform 10 that which Ia 10 b0 ADOPT.
oil In tho New YORK and Chicago
boards, dividing the stocks TO be listed
into three classes. We should llst all
regular dividend.payers In olAss A;
stocks OF producing and occasional diyl.
dend.pAying minea In class Is, and
stocks Of companies owning prospects
and seeking capital for development Ia
class T.; the fees ior examining and list
ing should DO placed ~ low aa IL con.
slstent With the support OF the ex-
change.
al Am OF tho opinion that the COM
Missions allowed TO brokers arc too low
and should be increased until the vol.
ume Of business would Justify return
TO the present rates.
"fhs listing committee should DO 10.
constructed 10 thAtA working quorum
could bo obtained at any time at short
notice.
ave should take such measures NJ
may be necessary TO increase the mem.
befship 10 the utmost limit, and TO
secure the cooperation and support Of
the strong mining companies, 20 that
wo may encourage and help build up
the weak ones.
POSTER HOME INDUSTRIES.
"rho operations OF the exchange
should not be confined 90 the dovrlop.
ment OF mines OF tho precious metals,
We should encourage every Industry,
dnd aid In the expansion u our already
Important coal interests. Some Utah
GOAL IL exported to tho Pacific coast,
aud i would suggest, that n tho
quality OF our coal N such that Il will
bear tbs heavy cost VI transportation
to that distant market, II ought TO be
good enough for our own people; and
IL IL n sad commentary on tho local
patriotism Of our own people 10 DO com.
pellod TO state that two.lhitds OF tho
coal consumed In Utah Ia imported
create public sentiment favorable 10
the home product, until every citizen
OF Utah will Insist on being supplied
with Utah coal, thus giving employ
ment 10 our own people. This will
have tendency 10 lower tho oost OF
this Indispensable factor IN our mAteFl.
nj development, As the larger the pro-
duct OF the mine the more eheAply II
eau DO produced.
UTAH's REsOuRoKs POINTED OUT.
l"we have valuable deposits OF native
sulphur, beds OF onyx, tnat arc almOs
precious stones, quafrlea Of tho finest
building anu paving stones. Asphalt
Tor paving purposes, ana the inner
qualities OF asphalt arc now being
hauled long distances Ia wagons aui
shipped 10 the seaboaTd aud 10 Flu.
rope, for the manufacture Of the finest
vatnlshes. Our salt compan ieH are now
supplying almost tho entire inter.
mountain country.
TnE LEH SUGAR FACTORY.
1--WE have one Of the most uuccessful
bet sugar factories In America. IL
hes produced tho past year nearly
seven anu half million pounds o. dry
grauuLted sugar, aud hm pluat-d 10
note that II has cOnmbnoed paying
handsome dividends. There should be
at least u toEsD such factories Ia Thea,
mountain yalleys that seem 10 well