Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-12-17

from 80 20 60 carloads a week and a
trip into the underground workings
leads one 10 believe that this amount
could very easily be doubled should the
company desire 10 tax the capacity on
the mine During the summer months
there was an over supply Of ore at the
companys smelter at Bingham juno
ton and the shipments from the Cen
tennlal- Eureka were curtaled some
what on this account, The bodies In
the Centennial Eureka mine are with.
out doubt the most remarkable depos.
It's OF precious metals Ia the district
ana Judging from the new strikes
which are continually being made In
the lower levels Of the mine, Il seems
Is yet In us infancy II Is estimated
that the earnings from the mine for
the year drawing 10 close VIII amount
20 nearly 0ne.half OF what the United
states Mining company paid for tho
property few years ago 81 the tine
this sale was consummated. some crit
les declared that the value OF the mine
had been overestimated, and that the
ore bodies exposed did not justify the
United states company IN paying TIE
hgure unon which the stock changed
hands, That such statements were alb
surd has been amply proven during the
past few years The Centennial Eure.
ka has a larger pay roll than any other
mine IN Tlntic, ana In the mining and
handling Of the heavy tonnage over
zoo men tind employment The gravity
tramway used In transferring the ore
from the mine to the railroad tracks, |
several hundred yards below, has been |
working spIendldly and has reduced |
the cost Of handling the ore consldera-
BY The output from the mime for the |
month Of December win In AN ur1b- |
ability amount TO $50 carloads. bring |
lng the total for the year up 20 about |
1850 carloads, or In the neghborho3d |
Of 100000 tons
UNCLE SAM CONSOLIDATED.
The Uncle Sam Consolidated mine
has made an enviable record during the |
year 1904, At the opening OF the pres
ent year the compony's treasury was !
not In very good condition. the new |
concentrating plant was not completed /
and the underground showing at the 4
mine was none too good Since that /
time, however the company's mill has |
been finished and kept I'm continual OPP
GRAFTON, the company has re-cn,ercd
the list OF dividend payers and has
been regularly checking out a dividend |
amounting 10 5000 each month II rs
true that the dividend for the month OF
November was passed but this was the
result Of the heavy loss which the /
company sustained ON account OF the
IRE which destroyed the shaft house on
the 2lth OF September The building
was quickly replaced by a larger ana
better structure but the company was
thrown back over a month With work
at the mine, The company has been
somewhat retcent regarding the
changes which have taken place UNDER
ground during the past year. and the
general public has but little knowledge
OF the condition OF the mine no this !
time, which Is unQuestI0nably better
than at any period since the company |
was formed, shortly after the purchase
Of the ground from Jesse Kni-,t. the
original owner The revenue tom the
hlgh grade ore, The money which the
mill is adding to the treasury and the
royalty on ores taken out by the leas.
ers In the old Humbug workings
To much more than the $4,000
dividend which the shareholders are
receiving each month IN fact 10 has
been stated upon good authority. that
the mill alone has been earning almost
this amount Several important strikes
have been made In the mine during the
past few months but Supt. GrIggs has
made mo- effort 20 tax the output of |
high grade ore, preferrlng to deyot,
considerable attention to development
work, a strike, which Is no doubt The |
most Important one OF the year. was
made a short time ago on the lntorme-
Hate or 400-foot level In the northern /
territory This section Of the mine has
been prospected considerably during
he past few years, and one of the
irifjs driven under the direction OF "A
'ormer superintendent came within
'eW feet OF the ore body which re-
yarded the search of Supt. Grlggy. The
IRE chute has since been followed into
origin territory and has been Widening
'ut, which guarantees its permanently
IN the So0-foot level. a drift has been
.un to the southeast IN hopes OF tanning
he ore bodies which have been ouenei
lp In nelghbOring mines and while no
ne has as vet been encountered I'M This
irift the indications are most fayor-
.ble. About One-third OF The ore neces-
AIRY to run the mill Is now being taken
rom the upper levels Of the mine. the
deposits Of this low grade ore appear
ng TO be almost mcxhausuble. The
jncle sam Consolidated Mining COM
amy is doing no work IN the old Hume
'ug territory the ground being turned
yer 10 leasers, An OF these lelsers
AVE been very successful, one OF them
laving shipped about Is carloads