Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-12-23
INCREASE in MINERAL OUTPUT.
Uas Contribution For 1899 About Two Millions Of Dollars in Ad
Of Last year-The Greater Portion Of
the Increase Comes From Copper

utah's mining record for 1899 Is little
short " marvellous. considered from
any point Of view. More new claims
have been opened than during any pre-
cccdlug twelve months. and the metal
output has exceeded that " any year
In the history q mining In Utah. MIL
lions OF outside capital has come to
this state for Investment in mining
cnterprlece,and some gigantic consolida-
lions have been effected. which later on
VIII produce Immense benefits TO the
owners and to the Industry generally.
In considering the big output, the low
price OF silver II TO be considered along
with IT, The Increase has been all
along the line. and has been contributed
TO by every district In the State and
by many new properties.
The gain. however has been chiefly
In copper, the greater portion OF which
has come from bingham. The discovery
Of the red metal there. In Immense
quantities, has fcvolutlonized the old
time lead cnmp.and made IL vastly more
Important than ever. This was brought
abou, almost entirely by Hon Samuel
Newhousc. whose sound Judgment, en-
tcrprlsc and ability have done 20 much
for the West. To him. the mining In
dustry here owes a big debt. The out
put from the Highland group has been
enormous this year. aud In connection
with the mine. the great smelter down
the valley plays an important part. The
copper IL turned out there In pigs. and
every week II IL shipped east by the
car load. As yet the company IL not
prepared 60 make public the details OF
lts operations but as everyone knows.
the Ncwhousc project has proved sue.
cceeful beyond all expectations.
Tintic too. has Increased Its copper
output. and even Park city is heard
from, the Naleo contributing each week
with considerable shipment
The total value OF the metal output
OF Utah In isgs uhese figures being
computed by Wells. Fargo Il Col. was
Sg.2i7bs3S5
This year the total foots up TO ST.
l2Jo5i.O1: estimating the value of the
metals as closely ~ possible, with the
quotations nuctuating considerably. and
win the complete returns not yet In.
This means a. net gain over 1885 Of
practically s2OQ0.0 900. the exact figures
being u.Si5. si02O,
The gain In dividends for 1899 IL most
encouraging the total amounting TO
clc-e upon two MILF and over a quar-
ter OF million more than In 1895
These figures would have been heavily
augmented but for certain conditions.
which do not at all effect the actual
earnings OF the properties, but for the
time being Keep the dividends back. For
Instance. the Centennial Eureka is In
better shape today than ever before. 1t
has more rich ore blocked out and Is
probably taking out more ore. But the
mine was sold u few months ago by
Messrs. Woodman, Chisholm and their
associates TO eastern capitalists FOR 81.
100000 and the new owners have stopped
paying dividends pending a reorganiza-
ton OF the company by them. while the
earnings ate being accumulated.
Then there Is the case Of the Grand
Central. which stopped payments Tor
some time on account OF litigation with
the Mammoth. To prepare for the legal
battle this company also tied up its
earnings. The Sacramento IL missed to
the extent OF 5000 month. because OF
improvements being made.
The dividends given here. however. do
not by any manner Of means represent
the amount earned by Utah mines.
some fine properties are owned by In
dlvlduals. who do not dclarc dividends.
OF course, but nevertheless receive a
snug sum each month. In addition.
there are some close corporations which
pay dividends without any announce
ment. The most striking Illustration
or this latter class IL the Golden Gate.
at Mcrcur, Can't, De Lnmar's bonanza.
No details are made public. but the
mill sends out gold each month estl.
mated at not less than $4,000 II In
believed that 100000 Of this IL for tho
profit. but taking a minimum figure,
the captain can hardly receive les.
than $4,000 a month profit from the
Golden Gate, which would give him
$4,000 n year.
Then there are In Tin,ic such prop.
critics as the Humbus. Gcmlnl and Go.
diva. all Of which pay their owners well.
AT bingham there are the Highland
Boy. Keystone and Fortune. which put
a balance on the rlsht side each month
The mines of Utah have n splendid
adjunct In the home smelters, located
In the valley south OF the city. and this