The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-12-20
NEW STOCKTON IS
READY FOR ACTION
Manager Trenam Secures the
Needed Funds for Assuring
Thorough Equipment.
EASTERN MONEY HAS
ENTERED STOCKTON
Prominent People Have Enough
Confidence to Advance the
Sum Desired.

With all decks cleared for action,
with an ample supply of funds for i'm
provement and development along the
most thorough lines, the New Stock
ton company will begin the new year
ready for business on a large scale.
The New Stockton property during the
past twelve months has given all the
indications essential TO assure directors
that they have upon their hands large
and permanent producer, and tins mlnc
bids fair TO be one of the banner prop
critics within all Utah before the new
year has grown very old. General
Manager j. ]. Treuam. who has Just
returned from the East on business con
nected with the company, met with the
directors in the offices of the company
Wednesday, and the board unhesitat-
ingly ratified the financing of the com
fpany accomplished by Mr.. Trenam dur
ing his visit 10 Eastern centers.
During his trip, Mr.. Trenam disposed
Of n portion of the treasury stock of
the New Stockton company, Just how
much he is unwilling Co state, nor does
he desire to give the price per share
secured. The deal, however, was sutli-
ciently satisfactory Cor the directors 10
give their unqualified assent TO il, By
this means the company has raised a
fund Of Sl50000. TO be paid in three
equal installments, beginning February
|. By the lst of May the entire sum
will be to the credit of the company
In the bank. The purchasers of this
block of stock are Pennsylvania peo-
pie, who were converted not only to
the general opportunities offered by
Utah as a mining State, but to the
chances offered by the present ideal
condition of the New Stockton ground.
The company has been greatly han
dicapped during the year by having n
small mill upon their property, and the
difficulty Of reaching the railroad tracks
with their ores Such conditions nat
urally interfered with the building up
of the treasury. The sum secured viii
enable the company 10 order and in
stall immediately a 200-ton concentrat-
, ing plant. to he placed upon their mill
site of twenty-five acres, nj the rail
road tracks, and the distance separat-
ing the mine and new plant will be con
nected by an aerial tram, to be in
stalled at once The company fortu-
nstely has an abundance of water, from
three different sources their supply Of
water for all purposes being more than
adequate. This era Of addition and inn
provement will be started by the com
pauv at once, and the first months of
the new year should find the organiza-
ton in proper shape for the remunera-
tive work ahead.
The New Stockton resources are nm
doubtedly entitled TO be classed among
the leaders Of Utah. Upon the 1000
foot level. and IN to the very surface,
is an ideal extent of ore bodies, which
have not been touched hardly by the
STOPPER. All development work. with the
exception OF sinking the shaft down
from the l000-foot level, has had TO be
discontinued by the management for
the reason that each and every work
ing upon this lower level is in ore.
With the new mill in operation, the
accumulated resources can be handled,
and then will begin an era of develop
ment not only Of the bodies now shown
TO exist, but of those at heretofore
untouched depths. The company is to
he congratulated for their success in
providing the ways and means OF Sc
curing the very best results possible