Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-05-31
run nosros CONSOLIDATED.
bingham Mine Receive. Attsntion from .
Leading niaisg JournsL

a's"tnk htatnr journal
The Engineering ana Mining Journal
pays this "trlbutr" 10 the boston Con.
tolidatcd u bingham. In which two u
ltah'H leading promptcra-Samuei
N,Mhonsc and Thomas Wcir-arc VI
our contemporary. the London Finnn-
cial Times. has been crlticlFinR pretty
SEVERELY the BOSTON Consolidated cnp-
por inlnea In Utah. the stock ~ which
has been iloat0d In London, and II al
present at considerable premium.
THIS criticism tas been accompanied by
some remarks on other Utah companies
which We do not think are juntiied by
the facts. but In the case u the Boston
Consolidated judging BY ~. company'H
own showing. there appears TO be no
doubt nH TO the wufthleHNnefn of the
proposition. The company hnH been
Heated. apparently. very largely on tho
reputation OF the Utah Consolidated
Gold Mines. Limited. a company which
has 20 far made a very liberal showing.
aud advantage was also taken OF the
boom In everything connected with
copper. The company has not been al
all liberal with reports, and only very
general statements have been prcasnt.
ed. recent publication In London.
however presents some figures which
certainly call Tor attention.
In this report the managing director.
Mr Samuel Ncwhourc. claims that de.
vciopn'nt shows the cxlrlcnc. on the
'uuipanyn property of some 800. 0oO. 600
tons of orr carr, lax la per cent
copper. with some small values In gold
ana silver" This n barred on a report
from Mr.. Thomas Weir. the mine man.
nEcf' IN which the following statement
H. madei Assuming only 5000 feet
along the vein, that " 1000 feet on
euch slide ~ the Copper Center Tun.
mol. We have body 1900 feet long.
a,hQo fcot wide COR across the furmntinni
ana ~ feet deep. or Lea. 900. 900 cubic
feet Allowing y cubic feet. In place,
20 the ton this Il exceedingly ilbernD,
We hnv" s,ieeG.eei tons The above orc
BODY assays from o''s per cent TO 20
per cent copper"
Afr. wolr'H assumptions are certainly
on an exceedingly liberal scale, aud IL
may Wen be qucationr1 whether q good
deaf more development work b. not
needed 60 prove the existence Of 30
great mass 81 ore. Hut even II We
Accept the statement, and admit that
the company hnH very lnrGo body 81
low-gradc ore. II does not seem 10 bet
tor tho case, According 90 Mr. Wclria
report the ore runs from O.7s 10 90 nor
cent copper, which would give an aver
aac ~ 10, per cent. Dui even u the
srctter part-or oven the wholc-shouid
NfNfN HfA 'NAANH " Nflll moi bfNtNf the
situation. n would be Impossible 10
mine and treat ores carrying per cent
o. less of copper NJ a profit. under the
existing conditions n Utah. In the
Moniann mines, wherr ores from 4 per
cent up are treated, II r. well known
that the profits come chiefly from the
gold and silver In the ores, and II II not
claimed that tho iiIston Consolidated
mineral has more than very small val.
ueH In gold and silver, ana many o-ior
parallel cases might be presented. Al
lowing for the greatest cheapnefa OF
mining which can be- made possible by
the lnrgc rlxc ~ The ore body. one can
not figure out anything but heavy
loss on ~ ana 2 por cent copper ore
Moreover, II II not probable that the
price ~ copper II going 10 stay per-
mRnently at II or n cents; and with
every fall tho loss on operations would
be greater,
ON the connnnny'a own showing.
thcreforc. the more ore II has OF the
Kind u clplms the poorer IL H. I'M
doubleday our London friends. who arc
now buying the stock at high prices,
VIII realize this little later.