The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-07-11
.TIhTIC Mines
DIVIDEND DAY
Colorado, Camps Newest 3D.
nanza, Shows Its Size by
Posting $4,000.
BECK TUNNEL UNCHANGED
GRAND CENTRAL ALSO IN LINE
WITHOUT CHANGE.
BECK TUNNEL UNCHANGED


The three Tintic companies mentioned
above posted dividends in the amounts
stated. The Colorado eompany's distri-
button is just three times larger than it
was in June, while that of the Beck Tun-
mel company and the Grand Central re-
main unchanged. ColOrados y cents a
share will be disbursed on the 18th to
shareholders Of record on the 10Th. The
Beck Tunnel company will pay on the
10Th, with books to close on the 18th,
while the Grand Centrals 4 cents a share
will be checked out on the 18th to the
shareholders of record at noon tomorrow,
the 18th.
Colorado is one of the new mines of
Tintic. The property embraced in its
holdings only rounded up last fall
and no work worthy of mention had
previously been done upon it. From the
success that had previously attended I'm
Gle Jesse Knights efforts to make
mine in the Beck Tunnel property, ad-
joining on the north, that operator figured
that the same fissure ought to be caught
away to the south and that there was
good chance to make a mine there He
went to work as soon as his company
was organized and by sinking sixty feet
he dropped into pay ore. Then he put
the smart down 900 feet deeper and en-
cOuntered a cave in the fissure that ex-
tended for some 800 or 100 feet sOutherly
from the shaft and high enough for most
of the distance to permit man to walk
along it. 1t was found that the bottom
OF IIOOr OF tnlS cave was covered WIN
ore. rich ore. that only needed to be SHOW
eled out and shipped to market to yield
a handsome profit The ledge was also
followed north toward the Beck Tunnel
possessions for a distance of some 20t
feet, it is said, and ore was found all the
way in that direction.
Men who have examined this property
recently expressed the opinion that, not
withstanding the rapid rise in the price
of the cOmpanyS stock, which is now
quoted at $50 a share there is strong
evidence in the workings to show that
fully that much can be taken out with
out going a foot deeper, as the ledge is
all the way from ten to forty or fifty
feet wide. If that ore body is found to
extend another 100 feet into the earth
and hold its present value. it is declared
that no mine in the district will at ali
compare with if 1t was said yesterday
that the cOmpany's shipments for the past
month would bring the company not less
than $50 900, while the talk was that Mr..
Knight had just about made up his mind
to sink another shaft on the dividing
line between the Crown Point and Col
oTado, near the southerly limits of the
cave and make it a joint shaft for the
two companies. both of which are con-
trolled by him. This. it is claimed, goes
to show that Mr. Knight is not any anx-
iOus to get to mining at another point
in Colorado, but that he also realizes
that the Colorado vein will go into Crown
Point with the turn of the caved portion
of the vein, has been previously men
toned and talked about by men who have
had the chance to inspect the Colorado
workings.
The Victoria company, also a Provo cor
pOratiOn, passed its dividend.