Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-05-29

ia applying for the quotation OF IT'S
stock IN the unlisted department of the
| New York stock exchange, the Balakiu-
ll Copper company states that It's to-
tai authorized capital stock Is $4,000
600 divided into 100000 shares Of SO par
value OF this amount Si,lHii0 has
been fully issued. fully paid and IS
non assessable Fifty per cent has been
paid ON SSO5,280 ana when the full
amount thereon Is paid The same viii bo
issued and viii be pot- aSsossable. The
company was Incorporated on Feb, q.
1906, under The laws of Mains. The
application states that no pool exists IN
the stock.
The company owns the entire capital
stock of the Balaklsla Consolidated
Copper company. The application fur
Their says: The property Of that com
pany is situated approximately go miles
north Of san Francisco Bay, in the Fiat
Greek mining district. Shasta county,
cal. and three 80 miles from CDran
Station, on the Southern Pacific rail-
road, There are ~ mining claims ag-
gregating l.149I acres in the mineral
zone, exclusive Of the aerial tramway
smclter site and town of Coram. Titles
TO all this mining ground are vested in
the BalaHala Consolidated Copper Co.,
by patents issued by the United states
of America.
The surface Is well timbered with eX-
supply of water. Active development
Of the sulphide ore, began IN the spring
of 1902. shows that the country rock Is
meta-rhyolite, and that the ore bodies
are quite Hat with q dip To the north
and are displaced by series of step
down faults. from the south 10 the
north: the ore is a heavy iron sulphtde
carrying gold, silver and copper. The
properly covers 500 feet on the strike
of the lode. out of this distance LOO
feet have been developed by various
tunnels and drill holes An one body
900 feet long on the strike and varying
in thickness from 20 10 60 feet has been
developed. The actual total ore in sight
on the said company property is Zoo
OO0 tons, with a heavy additional csti-
mate tonnage.
up to April I, 1907. the average assay
of this ore ran 7-lO per cent copper,
with about 80 conts gold ana one ounce
silver,
The mine is welI equipped with board
ing house, bunk house dwelling houses
| Office building, machine shop. black
smith shop, power house, air compress
sors and with electric haulage system
In the Wen Tunnel. The mine is being
connected with the slnelter by an aerial
tramway now nearly completed, $3.50
| feet i'm length, of capacity OF % tons
per hOur. a smclter OF a capacity OF
| 800 10 GOO tons per day Is being built
| at Coram, on the Southern Pacific rail-
road. and will be completed in August
or September. 1907, This consists Of
| three blast furnaces and one reveT-
! beratory. The company owns the town
site of Coram. There has ben expended
! In entire ground, development aud tun-
| mel construction about 100000, The
| tramway will cost about $4,000 The
| BalallIala Consolidated Copper company
| has n mortgage indebtedness of $1,000
| 600 first mortgage gold bonds, due by
| series from July ], 1907, 10 July /. 1910
! The transfer agents are the Windsor
| Trus, CO.. in New York, aud the Fed
| eral trust Co.. In Boston, The registrar
| in Now York IS the Trust co. of Amer
! ics and in Boston the First National
! bank The officers of the company are
! CIareuce * Mccormick, president; y.
! Adams Egbert. vice president and secre-
! tar-v, aud T. NJ, r. Raburg, treasurer.
! The officers and directors and IN addl-
| tion Edgar l.. Newhouse and George A..
! Bairl are members O fthe board. The
! principal Office is at No. Isl ST. John q
| street Portland, Nc with branch Of
hco at No. % Broad street New York
| CITY.