The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-12-29
The SALT LAKE HERALD. SUNDAY, DECEMBER % 1907


two companies. about 100000. and
/ from the earnings by the company has
already paid S30080 in dividends.
The mine is shipping regularly from
! fifty 70 hfty-hYe ears per month The
vein is in the same mountain as are
many or the most important Tintic
mines but is the highest on the noun
tain. and it is the only distinctive cop
! per property 50 far developed in the
district. Both mines are being worked.
each from an independent shaft. the
Spy shaft is down $50 feet and a sta
ton is being put in there to be followed
/ Immediately by drifting, to catch the
ore bodies.
The Carisa shaft is sec feet deep.
with levels leo feet apart in both mines.
Practically the levels and works are ali
/ in ore. In the spy the percentage or
copper is from IS TO %; in the Carisa
( from s To 20 Half OF IN eCarisa
values, which run from S33 to SEA. is in
gold. Messrs. q. X. Mccormick Dun
can McVichie, II. G.. Hebron and
George Switzerland are the directors,
/ with c. r. Mccormick president ana J.
q. Gard. secretary and treasurer.
The mine made a splendid record I'M
der Mr.. Cary and is maintaining its
output fully under the present manage
progress as we'll as the regular min
ing II is one of the important mines
Of Tintic and gives splendid promise for
the future.
Lower Mammoth.
The year opened with the property
| S27. 600 in debt, and with change in
the management from that Of an eX-
ecutive committee to the individual
management Of President Simon BAN
( berger Regular shipments began i'm
mediately. Of which two cars of cop
/ per ore were at the samplers when
! the meeting was held in the middle of
January. The ore marketed al the
/ beginning of the year, a portion of it,
at least, was sold to net the company
more than $50 per ton, and the ship
ments during the year have somewhat
/ exceeded 100 tons in the aggregate, or
| something more than two carloads a
week. A shaft has been sunk from
| the 500 to the 1000 level during the
! year, and all the time adding value to
/ the mine by developing new ore bodies.
/ In April the new East Tintic railway
was completed to the mine, greatly
| facilitating ore shipments. The ore
/ bodies are Of that character that blast
! ing is rarely necessary, so that 1t is
very economically mined, the limit OF
production being practically the hoist
] ing capacity Of the shaft. A car OF
! ore was shipped in June that yielded
| between 500 and 500 ounces Of silver per
/ ton.
The developments during the year
have been most important upon the
/ 1 900 level. In June q strike Of two
| feet of rich copper ore was made, which
soon grew considerably wider and
more valuable. The development as it
grew created great interest in the
stock market and its shares sold up
to as high as 81 per share. On the
oath of August Manager Weir reported
that five feet Of rich galena ore had
been broken into on the same level,
running 40 per cent lead. thirty to nine
ty ounces Of silver and 81 in gold. A
new boiler plant has been put in during
the year to furnish 120-horse AoweT,
and a compressor was also provided,
relieving them from the obligations
they were under to the Mammoth,
from which in the early part of the
year they obtained their supply of air.
Parties who have inspected the mine
speak Of it in the highest terms being
economically and intelligently man
aged, and the results already accom-
plished also attest that fact
The Bullion-Beck.
This mine has been heard of most
frequently during the year in connec-
ton with litigation with various par
ties The question as to ownership
of the 81, 900 shares formerly owned by
John Beck has finally been decided in
the supreme court in favor of Philo T.
Farnsworth, who is now. the president
of the company.
The shipments during the year, al
though aggregating close to 200 car
loads as compared with former pro-
duction, are very far short. There has
been considerable development and
prospecting work done. however. Suit
has been brought against the Eureka
Hill and Gemini companies for the IN
lawful extraction of ore from the Bull
lion-Beck grounds The amount sued
for is 1880, 000 In the answers to the
suit it is admitted that some ore has
been taken and the Gemini is willing
to confess judgment for 1.156 tons of
ore at $40 per ton The Eureka-Hill
admits to the amount Of $4,02S.04
A considerable margin between the
amount sued for and the amount due
is admitted. It is likely now that the
Beck suit has been settled that there
will be active development during the
coming year.
acknowledgements.
This, the most important mine in the
district, has been for many years a
steady dividend payer. 1t is now con-
sOlidated with the United States Min
ing company, and since August active
production has been suspended. The
interval while waiting for the compile
ton of the cOmpany's smelter at .Ring-
ham Junction is being utilized to re-
timber the shaft and put the entire
mine in condition for rapid production
when mining is resumed, as it is ex-
pected it will be on the 1st Of April.
Further particulars as to the mine will
found in the reference made to the
United States Mining companys prop
erty at Bingham.
The Grand Central.
This is one of the important and
largely productive mines of the dis
triet its shipments for the year hav-
ing exceeded $50 carloads. It is 10
Gated oveS the hill from the Mammoth
and litigation has been in progress
during nearly the whole year between
the two companies. The Grand Cen
trail sued for ore that was mined with