Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-05-03
A BOOST FOR BINGHAM
boston Paper rslls Its Readers About
liah's 0rsut Copper Camp,

Boston IN tho executive Headquarters
for several of Utoh'e best copper mines
and the Bobton Commercial OF the 9S,h
ult, doyoto0 considerable space to the
Bingham properties Of note and con-
iirmH previous reports which point 10
an absorption OF United states mining
by American Smelling The publication
Gays,
Inc Bingham camp presents one OF
me most attractive opportunities IN the
mining world, How great the future
possibilities OF that district arc may
be measured by tho record of the past
Ten 20 10 years ngo the mincls aud
lcnsors were abandoning the camp,
having worked out the richest of tho
superficial deposits OF siliyor-ioad ores
ns far as they could proiltnbly with
the poor facilities then NJ hand. The
drop In the price " allycr was the I'm.
mediate cause of the suspension OF
operations, ana the departing miners
told the world that the Bingham camp
was 'nll done" They considered the
change Of ores VI depth from allycr'load
10 copper na most unfortunate,
AZ present the Bingham camp IN put.
ting out an average Of $500 tons Of ofo
daily, ANA the mmolttrs of the leading
operating companies are marketing
more than h0000,O00 pounds annually,
and though there are u scoro ~ long
tunnels, numerous shafts, railroad
and several lramWnys operating there,
II can he lruthnlly said that the
ground Of tho district has hardly been
scratched nv yet Tho copper produce
tlon OF bingham has doubled within tho
rust three years, and there N good
prospect that II VIII ho doubled again
within tho coming four 10 ave years
OF the 8,iO0 tons OF ore that como
from the mlNos Of the district daily
perhaps 400 tons IN sllvor.lead, the re-.
mandcr having IN chief value IN cop
per- The average Yield Of tho latter is
about ~ pounds Of copper and approx.
imatoly sl,75 In gold and SILVER, giving
the ore u gross value OF about $3.50 per
ton IN Decent copper or " % ON u 10.
portion Of this product IN smelling ore,
running 81 To $50 per ton IN values, but
u considerable Tonnage perhaps 900
tons daily, II now mined from the biz
porphyry bikes OF the camp and re.
ducod IN concentrating Mills II costs
from w 10 W per ton to extract ana re-
llnc the values from the smelling, and
from ta,b0 "a S u handle the milling
ores The average value OF Bingham
ores mny therefore be put down M
WI and the average cost Of treatment
ms si,1b, leaving an average net profit
OF 81 Yer ton,
Tho only reason that the mines Of tho
camp do not now pay dividends nggro.
eating 81 per ton on the ore handled IN
that the mmos are all IN the constr,io.
tive stage, u period when most of the
money earned Nv Hoing back into new
equipment nni tho extension OF doyol-
opmcnis. There Nv reason for the be.
lief tina, the attention ~ interests com.
mandlng large capital hhs now been
called To the camp and that they are
perfectlng plans for absorption ~ the
leading companies there, realizing that
III mines are destined 10 be among tho
greatest profit onrnera IN tho country,
Assume I'm output of 10000 tons Of ore
daily, for example, and pront OF only
81 per ton, the result would be not
onrnngs Of $1,000 600 annually, Justify.
INK Il holdlnc company with capital.
lsa,Ion Of At least slOo,OO0,oOo.