Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-02
n THOUGH the first quarter OF the

n year 1904 just passed, has Wit
messed serious shrlnkages In the
value OF mining stocks, 1t does not
happen TO be the case that the stock
market is a barometer Of the true
condition Of the mining industry.
This fact was never better demon
strated than It Is at the present time
by making comparisons.
The market for stocks was never in
worse condition; the speculative ele-
ment Is not buying and prices have
gone down and down until It seems the
Fbed rock has been reached and those
who made purchases when prices were
up find themselves poorer by u whole
lot.
On the other hand the mining in
dustry was never in a more fiourishing
condition than II Is now A story OF
progress comes from nearly every
camp, some have had a struggle 10
Keep In line, but the more important
districts have made Announcements.
This Is particularly true Of the "0ld
Reliable" at Bingham, which Is fast
becoming a rival OF Butte and in time,
ia almost certain to excel the great
Montana camp as a copper producer.
Bingham has some OF the largest cop
per mines In the world, which are con-
tributors to the shelters Of the valley
to the extent Of almost 5000 tons Of ore
daily, and the amount In few months
time will be brought up to 5000 tons
The Utah Consolidated. Boston Con-
solidated, United States, Utah Copper,
Yampa, Utah-ApeX Bingham Con-
solldated, ohio Copper and Butler-Lib-
eral are all making rapid strides and
are each preparing to Increase their
present output.
In Park City the Daly-West and
Silver King are Keeping up with their
past record Of production. Among the
newer mines which are contributing or
preparing TO forward their ores 10 the
local markets. are the Keith kearns,
recently equipped with milling facil-
ties, and the American Flag. The on
tarlo. which claims the distinction OF
having paid nearly Sli,000,0O0 In diyi-
dends, Is again on the active list after
o long spell OF practical idleness, Ear
ly In January Of this year q Acton mill
was placed In commission. The plant
was erected primarily for experimental
purposes, I'm which II was hoped to
demonstrate that the great bodies Of
low grade ore, which the mine contains,
can be worked prohtably,
One camp that will undoubtedly make
great progress during the present year
IL Alta. In which was developed last
year the Columbus Consolidated mine,
which promises TO enter the dividend
list this year. Much interest Is being
manifested In Alta ana several COM
panles are preparing to operate there
on extensive scale
At Mercur only two mines Of con-
sequence are worklng-the Consolidated
Alercur and Sacramento. The changes
made IN the mill Of the form
err have proven satisfactory ana
the mine gives promise OF getting back
into the dividend column again, The
Cinnebar ores Of the latte' have proven
pleasing source Of revenue and
enough has been realized therelrom TO
meet sveral dividends
Al Stockton important changes are
being made by reason Of the Hunerlne
drain tunnel. which has been COM
pleted TO the length Of more than 6OOO
feet,
The outlook for the Tmtic district Is
brighter than II has been for some time,
while Statelinc, Park Valley and Bea-
Yer county camps are In line for a sea-
Bon Of prosperity
In the way OF smeler and mill build
Ing there are several big things under
way and projected for this year.
Plants which will cost between 49,
100000 and $4,000 900 will be built.
The Utah Consolidated Is enlarging its
smelter near Murray from 500 TO 500
tons capacity at an expenditure OF
s250000 the United States Smelling
company ~ adding several lead stacks
10 It's equipment az an expense Of
about 100000 aud by July next will
enter into competition with the Amer-
can Smelling and Refining company
for the purchase OF lead ore. the
Bingham Consolidated has several
changes In contemplation, but no def-
mite plans have been outlined. The
principal smelter construction In con-
temptation Is that announced some time
ago by the American Smelling and Re-
finlng company 10 build at Murray near
the site of lis present works, a copper
plant TO cost about Sl.0O00O0, The
plans for the buildings are now being
drawn aud contracts win be let before
fall.
The Newhouse Mines and Smeters
corporation has already let contracts
for the building Of the first unit OF It's
biz concentrating mill, which Is 10
handle the ores Of the Cactus copper
mine In Beaver county The first unit
viii be OF 500 tons To be followed by
the addition Of other units until the ca
paclty Is brought up TO 5000 tons per
day million dollars at least viii be
expended In this enterprise, The Ohio
and Utah Copper companies nc Bing-
ham have In contemplation the en-
largement Of their milling facilities and
the Yampa Smelling company also OF
Bingham may build onto us plant,
The Columbus Consolidated OF Alta,
will soon commence work on a 1867
ton concentration and Park Valley may
be provided. with another mill before
the year ends.