The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-04-05

Besides the good that the stock and
mining exchange is doing in the way OF
facilitating the trading in stocks and
the fixing OF quotations on the same,
it is also doing a great deal of quiet
but effective work in the dissemina-
ton OF news relative to the great and
unrivaled mineral resources of our
new state. and for this purpose it has
carefully compiled and published a
large quantity of literature bearing on
this subject. the latest work of this
character being a revision of two adj
dresses made by Colonel j. w. Don
nellan, including brief but correct
history of Utah's dividend-paying
mines. which we reproduce below as
follows:
HISTORY OF UTAH DIVIDEND
PAYING MINES.
The following 5 a short history OF
some of the great producing and divi-
dend-paying mines of Utah:
The Anchor is a silver and lead mine.
located at Park City, about thirty
miles east of Salt Lake City. in the
Uintah diStrict-has produced about
one and a half millions of dollars-ls
well equipped with mills and machin-
cry. and is accommodating a large
surplus.
The Ajax is a recent consolidation of
the Copperopolis and other claims. has
divided over a million of dollars and is
now producing large quantities of gold
and silver ores, and will soon resume
dividends. Ii is located in the Tintic
district, about ninety miles southwest
OF Salt Lake CITY.
The Bullion-Beck. located at Tintic.
is q gold and silver mine. has been a
steady producer for many years, has
paid two millions in dividends; last
dividend in February, 1895; is well
equipped with machinery. concentrat-
ing mill, etc
Centennial-Eureka. located at Tintic.
yields gold, silver, copper ana lead, has
paid nearly one and three-quarters
million of dollars in dividends, is pay
ing 81 per share per month and It's
shares are selling on the Salt Lake ex-
change at $40 each. This is the high
est priced mining stock in the United
States. It's dividends amount to S720,
900 per year, besides adding largely to
its surplus fund. which now amounts
to upwards of 500. 600.
The DAILY is located at Park City,
has paid $3.50. 900 in dividends. is a
silver mine but is now developing new
ore bodies containing large gold VAL
ues. Its lower levels are now being
drained by the great Ontario tunnel.
1t has a surplus fund of 100000, Gowns
the celebrated Marsac mill and is
thoroughly equipped with the best ma
chinery known to the mining world.
The Daly-West, located at Park City.
is a new mine Silver, gold and lead
IS developed by the workings of the
DAILY on the east and the Anchor on
fLo n ia1a hox
ore to the value of several millions of
dollars. From its great working shaft
12C0 feet deep it has a main level eX-
tending from the DAILY to the Anchor.
The mine has a new mill and firSt-claSs
machinery, which has been paid for
from the net profits on the ore extrac-
ted in doing development work. This
is counted one of the richest mines in
Utah.
The Eureka-Hill is located at Tintic,
produces gold, silver and lead, has the
largest combination mill in Utah; has
paid about S1,500,00 in dividends, &C.
cording to the best information attain
able. 1t is close corporation and
does rot make any public report of its
operations. 1t is now producing more
ore than at any period Of its history
The Gemini and keystone. located at
Tintic, are owned by Mr.. John Q. Pack
ard, one OF our millionaire miners; is
now producing largely of gold, silver
and lead; it is said to have paid up
wards of 100000. No public reports are
made.
The Horn Silver is located at Frisco,
$50 miles southwest of Salt Lake city;
produces silver and lead; has paid up
wards of SIS. 000,0 900 in dividends; last
dividend in January. 1896; has a large
mill; is still one Of the
heaviest producers, and has large !
cash surplus in the treasury.
The Mammoth, located at Tintic, is a
gold mine, with some silver, copper and !
lead: has id upwards of s1,000,000 in |
dividends; has new combination mill, ,
which with water conduit twenty miles |
long, cost about 100000; has enormous
ore bodies and is being worked at a |
great profit.
The Mercur, located at the town of /
Mercur in Camp Floyd district, about /
fifty miles southwest of Salt Lake city. 1
is a gold mine, the ores of which are /
treated by the cyanide process. This is
!. comparatively new mine; has paid 4
s425 900 in dividends. besides the cost of
mill and equipment, also large pur-
chases OF contiguous property, all of
which have been paid for out of the t
net profits of the mine.
The Marion, located at the town OF
Mercur, is gold mine operated with
The cyanide process. The mine has
good equipment. mill. etc, is earning
handsome dividends, but is a close cor
ooration and makes no reports; no
stock on the market.
The Ontario, located at Park City,
Yields silver, gold and lead. This is
perhaps the greatest mine in America;
1 has paid monthly dividends for 200
months, aggregating upwards of s13,
90 600: the last dividend March 81, 1896.
This mine has just completed drain
costing upwards of half a mill
ion; it has large cash surplus, and
since the mine has been drained by the
unnel it has demonstrated the eontin-
lity of its ore bodies to great depths.
md dividends are assured for many
ears.
The Old Jordan and Galena, located
Il Bingham. fifteen mifes west of Salt !
AXE city, is silver and lead mine, (;