The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-29
BOOSTS UTAH MINING.
Local Operator Talks in Denver of
Local Conditions.

Il predict that in another five years
the output of mineral wealth from the
state of Utah will have grown to be
greater than that of any other state
IT. the union. I predict also that Salt
Lake City will be the future smelling
center of America"
John P. Olympus, a wealthy and
practical mining man of Salt Lake
and Bingham, who Is a guest at the
Hotel MetrOpole, made the above
prophecies last night in describing the
wonderful boom in the mining indus
tries of the Mormon state. says the
Denver Republican. Mr. Olympus has
seven big claims comprising 10 acres,
at the famous Bingham. Utah, camp,
adjoining the Highland Boy mine of
the Utah Consolidated. The latter
mine was bought six years ago for
s.. ZOO. 900 and is today worth more than
SIS OOO. 900 on basis of its actual CAPT
talization. Mr.. Olympus, formerly a
WeIl-knoVCn business man of Denver,
bought his property in Utah two years
ago and has found it a rich property
during the time he has spent in devel-
Oping it.
There is a great boom in progress
at the Bingham copper camp" he
said ''Of course copper is the princi-
pal thing, but there are great quaint
ties of silver and lead being taken out
The Utah Consolidated has its own
smelter and is handling LOCO tons a
day. The Boston Consolidated is go
ing TO mine with a steam shovel. and
intends to build a large concentrating
mill. The Utah Copper company will
build a great mill. on which work has
already been begun and which will be
completed in another year. Tt will
have a capacity of 5000 tons a day.
THE YamDa mine has a smelter of
its own which is handling 500 tons of
ore Il day. The United States Mining
& Smelling company has a smelter of
its own also. which handles 1000 tons
e day.
The present condition Of the camp
IS most fiouTishing one The Gug-
genheims are making some large in
VesUments there Several big consoli-
dations have been talked Of for the
purpose of reducing the cost Of admin
istratiOn and operation Of some of the
big properties The merger of the
Utah Copper con0any and the Boston
Consolidated is 1ff Cor the time being,
negotiations !l9E:s- been stopped
There are now tour big smelters in
or neal. salt Lake. and there is one at
Bingham. The present output OF Bing-
ham IS 5000 tons d day. but when
these new mills and smelters are COM
pleted the output will be trebled. The
American SinelLlnS " Rennlng com
pany VIII have its giant new smelter
completed this summer. and it viii
handle 5000 tons of ore daily. It viii
be one Of the greatest smelters in
America and next in point of size to
the great Washoe smelter at Ana
Ccnda. The new smeltcr is to be 1OCa-
ted at Garfield Point, twelve miles
from Salt Lake. The Importance OF
this great smelter TO the community
can he realized when IT is known that
the Utah Copper COmpany's mil and
the Garfield Point smelter viii alone
employ 1000 men.
''Other nearby camps. Park City,
Stockton, Eureka and Tintic are pro-
dUcins heavily and showing a larger
tonnage than ever before. The future
Of Utah IN mining IS particularly
bright at this time. The states min
eral resources are practically unlim-
tied"