The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-03-15
Fish Springs Property Con-
tinues to Produce Richly
and Pay Dividends.
EXTREMELY FINE CAR
is NOW En- ROUTE
Company VIII Soon Commence
Task of Placing Shaft in
Condition.

Aside from the splendid condition OF
the company strong box, the present
earnings Of the Utah mine of Fish
Springs leaves nothing else to be done
but TO continue without break the
programme of distributing the profits
10 the stockholders. The directors of
this company met Thursday afternoon
IN regular session and posted the usual
hrec-cent per share dividend or a
total of $4,000. This dividend is pay
able on the 2lst, the books to close
on the 10th, at noon. 1t was expect
ID that the directors would take up
tho matter of equipment TO tako the
place of that recently destroyed by
fire, but on account of the absence Of
Secretary Weller, who is now at the
mine, this matter went over until his
'eturn.
Secretary Weller is accumulatlng
data at the property that is expected
to be of great value TO the company,
He sends word to the local offices that
In spite of the unfavorablc conditions
at the property, everything is pro
crossing smoothly, and that nearly all
the lumber TO retimber the shaft and
10 reconstruct the hoist house has been
received at the mine. 1t is thought,
therefore, that the process of retim-
bering the shaft VIII begin within a
short time Owing TO the accumulated
debris and gases below the fifth level
on 600 feet deep, the management has
NOT been able SO far TO reach the 500
level, but Mr.. Weller reports that the
situation will be under control COM
pletely within the next day or two.
There are few mines in Utah that
are as universally well thought of as
the Utah, 1t has been one of the eX
ceptlons so seldom met with In mining,
IN that it has paid its own WAY from
the time pick was first stuck into the
ground. and in spite of a long wagon
haul to the railroad tracks and two
disastrous fires it has maintained its
shipments and dividends without
break The present developments are
of special interest for the reason that
the management is hoisting all ores
from the 50O-foot level of the older
workings by means of whim, and that
the ores are losing none of their rich
ness is best illustrated by the car
now en- route from Oasis.
Unless this car should happen to lose
IN weight and assay value over the
valuation the mine management has
placed upon it. the car will bring the
company something like $4,000. The
ore is of splendid character. resembling
closely some of the best that this par
tlcular property has produced IN the
first DAYS of its existence. The COM
pany is bringing its waste material to
INC surface by means of the hoist upoD
inc Galena ground. connections having
been made with the Galena workings
some time ago. The Utah mine is op-
Grating the Galena property by n lease
and bond, the same TO extend for at
least another year The Galcna prop
erty at one time was one Of the divi-
dend payers of Utah, and that the
present developments by the Utah man
agement will again rcinstate this old
producer into the active profit making
properties of the state there can be
little doubt. Nor is it unlikely that
the Utah mine will permit this prop
erty TO pass from their hands when
the time comes for definite action The
Galena has paid over $4,000 dividends
during its time.