Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-12-19

~ and those who exercised good
IA business Judgment In making
Az investments there have never
nz~ had anything to regret As
consequence Bingham has maintained
the confidence OF the Investor; Il has
enjoyed a steady, substantial and per-
manent growth, and, during the past
year, has unquestionably made more
progress than any other mining district
within the commonwealth
A RIVAL or BUTTE.
II Is fast becoming a rival OF Butte,
and at the present rate of Advancement,
II viii be only few years more until
the tonnagcs mined daily will equal,
perhaps surpass, that OF the boastful
Butte, with the mines OF the great
Montana camp all In operation, the
daily output Is said to b. anywhere
from 900 10 1900 tons Of ore. Bling
hams present output amounts to APP
proximately $500, but so days henc,
VIII see this doubled and the day Ia not
far distant when It will be doubled
again and again.
UNPRECEDENTED PROSPERITY.
The story OF 1903 In so far the West
Mountain district Is concerned, OF which
bingham Is a part, Is one OF unprece-
denied prosperity. A number OF man.
moth enterprises have been launched
there, notable among which was the
formation OF the Utah and Ohio Cop
per companies and which, since their
formal introduction into the camp, have
begun making gigantic improvements
and expanding money by the hundreds
of thousands Of dollars. The Utah
company has a great concentrating mill
under construction at the present time.
While the initial capacity OF this plant
Will only be 500 tons per day, the man
agement contemplates charging 1t TO
probably no less than 5000 tons In the
near future, The Ohio company WI
follow suit In the spring with the build
Ing Of similar plant OF no less pre-
tentlous proportions than 1000 tons
daily capacity.
YAMPA'S NEW SHELTER.
The Yampa Smelling company is an
other new creation OF the year, and II
has already expended close to $3.50, 900
since Its organization, and has one OF
the most modern and compact smelling
plants In the west TO show for t. II Is
almost ready to blow-n and this i'm
portant event Will be chronicled within
the next few weeks.
COPPER BELT EXTENSION.
Another notable achievement has
been the extension OF the Copper Belt
railway to nearly all the principal mines
OF the camp, which includes the Yampa.
Boston Consolidated and other great
bonanzas.
In building these lines some difficult
engineering feats, necessarily, had to
be overcome, but undaunted the com
pany set to work and has successfully
accomplished the very thing, which,
not long ago was looked upon as being
an impossibllity. The grades are steep
In some places, tqualing ~ per cent,
and the cost has been enormous TO say
the least But the projectors OF the
copper Belt enterprise are long head
ed; they saw great future for Bing-
ham, 80 they had no hesitancy In putt
ting their money into the enterprise,
which promises vast returns as the
camp grows and the tonnages TO be
hauled down from the mines Increase.
REMARKABLE RESULTS.
In the development Of the mines re-
markable results have been obtained
since a year ago. This has been par
ticularly true of the larger mines,
where new and important strikes have
been made; the older ore bodies more
energetically explored and opened up
larger, richer and generally better than
ever before. The Boston Consolidated Ia
one Of the sensation makers of the sea /.
son, under the masterful guidance OF
Samuel Ne'whouse the company's man
aging director, and his able and trust
worthy lieutenants.
The Utah Consolidated has opened up
greater ore reserves and the local man.
agement has recently placed to the ere i.
dit OF the construction account S2,0 900
appropriation for the purpose OF en-
larging the smelter near Murray, there
by increasing the output of the mines
nearly double that of the present. The
Bingham Consolidated company has
nothing to be discouraged about, but
very much on the contrary; the United
States Mining company has not been In
the rear ranks OF the procession Of
progress. The consolidation of the Pen
Butler and the Chicago Bingham mines
was a happy event, for this transaction
put All Gnu W lUltNltUfu llllkullNU anu
the new corporation subsequently form
ed, the Butler-Liberal, Immediately be-
gan making money, rewarding It's
shareholders during the present month
with its initial dividend.
FORMATION OF UTAH APEX.
BY the formation OF the Utah-Apex
Mining company not long ago the
foundation was laid for one OF the "
ture big bonanzas OF the camp, This
company earlier i'm the year acquired
the York Copperncld Petro. Minnie
and more recently, the Highland Boy
Consolidated groups, which cover one
OF the most important ore zones Of the
camp.
B1NGHAM's DIVIDEND PAYERS,
In the way of dividends, Brigham
still holds second place, only giving
way TO Park city, But in this respect
It must be remembered that the mines
OF West Mountain have not pas ed Tho
constructive stages While all th'
larger properties and many Of tn,
smaller ones, too, have been making
money the profits have been applied II
building mills and shelters and In pay
ing for improvements that previously
had been made But another year vii
find the liquidation quite complete anc
then stockholders will begin to derive
regular incomes. The Utah Consolidat
ed and the Butler Liberal are the onl,
dividend PAYERS OF this year. In Bins
ham With the December distribution
the former win have paid out 5000 OOO
while The latter showed the total $500
nearer the million mark.
A CAMP OF TUNNELS.
The "Old Reliable" camp Is charac
teristlc for its tunnel workings, Pre-
cipitous mountains make tunnel min
ing popular; there are few properti,j
In the camp operated through shafts
about the only exception being tn
mines OF the Bingham Consolidated.
BIOGRAPHICAL POSITION.
The geographical position OF BINGHAM
Is quite advantageous, IL is convent