The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-17
Centennial : Eureka Ores to Be
Handled BY Trust.
WILL BUILD SHELTER
q. S. COMPANIES PROJECT NOT
AFFECTED BY CONTRACT.
Dalton & Lark Option Of and Mine
VIII Be Operated Now BY Owners
Park City Mans Luck at Ward
ner-Smelter For Nevada Mine
Martha Washington Insurance.

w. II. Collidge, general counsel fol-
the Itsited States and Centennial-Eure-
lza Mining companies, with headquart-
ers at Boston. arrived in the city yes
terday. and after examining the con-
tract previously drawn up between the
last named company and the American
Smelling & Refining company, which
was mentioned in yesterdays Herald
the document was formally approved
and the signatures of the contracting
parties affixed.
Under the provisions of the contract
the American Smelling & Refining COM
pany agrees to extract the values from
a minimum of 1900 tons of ore, to be
delivered 10 ii monthly by the Centen-
NAL Eureka company The contract is
TO run for a period of three years, how
eyer. the latter concern reserves the
right to deliver TO the smelter max
imum Of l000 coo tons of ore with
in a period of two years. II II
chooses not to carry its shipments along
for a year longer, as il has the privilege
To do.
The output Of the Centennial-Eureka
mine during the past year in shipping
ores alone has been in the neighborhooc
of 1000 tons per month; so it will be
seen from the above figures that II Is
the intention cf the new company to al
least double its amount Of ore eXtrac-
ton, which means the opening Of the
mine on a much larger scale, and OPP
Grating the property on a much broad
er basis than il has been in the past
The Centennial Eureka folks viii not
attempt these enlarged movements o.
ore until after the first of the year
when the mine viii be equipped with
tramway to facilitate the handling OF
ore between the main workings and tn
railway tracks. but after that date il
XiG enter upon the most active cam
paign in the history of the big Tintic
bonanza.
During the past year an aggregate oil
$1S0G00 has been distributed among the
stockholders in the shape of dividends,
SO ii is apparent, considering what is
anticipated to the done in the future
that the new holders of the stock in
tend to draw on the mine for a great
deal more in the way of velvet"
An official of the company stated last
evening that the contract entered into
with the smelling combination repre-
scented here by 7. +. Jones, would in nc
way affect the building of the proposed
smelter by the United States Mining
company, which is owned and operated
by practically the same people.
The United States plant" the gem
tleman stated, will be erected at the
earliest possible date. 1t is an utter i'm
possibility to get material for the plant
under several months time. so it will
take some very vigorous work to have
the plant completed within one year.
The United States mine has plenty OF
ore to keep the smelter running when
ii is completed, without calling on the
Eureka, or any other mine
for source of supply. The Bingham
ores do rot neeo to be combined with
other ores to treat them successfully
--1xlaiie- on the other hand, the ores from
the Tintic mine need the assistance OF
other ores to make them yield UP thei1
values we'll
The Centennial Eureka has a large
amount Of low-grade ore, aside from
the better shipping material. which car
be and probably VIII be taken to the
United States plant when it is finished
and ready to receive them.
The statement was not given out Off
cially what rate will be charged fol
smelling the Centennial Eureka ores
under the new contract, but it is assert
ed from seTni-official sources that the
old rate has been practically reduced
one-half. which. il is said, viii put il
close TO 81 a ton.
Messrs. A. f. Holden. w. H. Cool
lidge, II. r. Jones and others visited the
Germania and Highland Boy smelters
yesterday afternoon and, incidentally
the Taylor & Brunton sampling works
where additional facilities are being
added TO tie original plant, the owners
no doubt. having an understanding in
some way that they are to profit by the
new order of things at the Centennial
Eureka.
Afessrs. Holden and Coolidge will
visit Bingham today and after conclud-
ing negotiations there, win proceed tc
Eureka to take observations at the late
Tintic acquisition.