The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-06-08
MINES WILL PAY
BIG DIVIDENDS
Next Month is Likely to Break
Records.
NEW PROPERTIES on LIST
TETRO AND UNIFIED STATES no
MAKE DISTRICT TIoES.
July Dividends

.tEXT month promises TO be a record
II breaker I'm the ranks of the divi-
dent payin mtnes of Utah. The
best information obtainable at the pres
cnt time leaves little or no room to
doubt that the list viii Bee substantially
as given above. There is a possibility
that the Horn Silver rEill report before
the end of the present month, and if if
does there is ground for the belief that
tine Kearns- Keith company viii get 10
the front with so 030 or m0sei so that
zap would be filled. These are not all
of the mines in this state that are
earning dividends today but they are
an that can safely be counted upon
making distributions next month
In he list of properties that are max
ing more than expenses ana some or
them piliHg up good reserves may be
mentioned the Bingham Consolidated
Ontario. Eureka Hl!. Mammoth
HoneIine. Uncle sam. Johnny. of State
line. Boston Consolidated. Utah Cop
per company and Yankee Consolidated.
Some. if not all Of these properties viii
bee heard frum during the next re-"
months and there is chance foc two
or three of them 30 join the ranks OH
dividend payers in time to be cOunred
i'm the list presented san other prop
critics are forging To the frc.J rapidly
and. no matter what the complexion
of Industrial conditions elSeW here IL
is generally conceded the business OF
mining viii grow and prosper in the
camps of this state faster than IL mas
ever done in the past.
Two Will Pay First Dividends.
in the list printed above are two
companies that viii make their Install
distributions the United States ana
Tetro The latter has already made
declaration Of its intention. anG tHe
former may be safely counted 20 gel
into line. because there IS no doubt
that st the present time its net earn
ings exceed 100000 per month.
Never has the outCIt Of Utah mines
approached what 1T is now. never IS ere
the payrOlls so large IS they are at the
present time and never have tire n1laes,
producers and prospective producers
been IN such good physical condition
Probably in no other region has mining
been reduced to such a system As Us
now to be found III the camps of Utah.
Tt is. certain that ne other section can
boast the perfection that has been here
attained ia the dressing and reduction
of ores. The shelters are an new and
the four mammoth plants located
within q few miles of Salt Lake city
are capable of handling close I'd 1000
tons of ore per day. while az each plant
engagements are either under way or
being arranged for. Invested i'm them
is an of s5O00.p00 and TO man them at
present capacity requires the services
of approximately $500 men.
Plants to be Operated.
AT Park city there are five of the
finest milling plants in the country. At
Bingham there are three big mills and
a mating smeiter in operation. Stock
ton. Tintic, Alta, Gold Mountain, Ophir
Clifton and Dry Canyon all have
plants. while the great mill Of the
NewhOuse company and the Majestic
smelter in Beaver county. are counted
upon to be in operation before the year
closes.