Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-11-23
COLORADO WILL
PAY DIVIDENDS
Statement Comes from Eureka
That There viii Be No
Reduction in Them.
NEW HOIST AT UNCLE SAM.
Onc Brmg Installed ln itmnbug Work
iul~--Shaft at Sioux Con
Other NcVe

Special Correspondence.
Eureka. Nov. 23.-It is stated by
tbr Geld superintendent of the Coi'-
RADIO and other Knight interests here.
thai even with the output OF the COL
1rado reduced 90 rs carloads of ore
monthly thc company can continue
The payment Of dividends of 100000
per month The working force at this
minc has not been reduced i'm the
least a. the men have been put on 20
GtyaI0pmeut work. The same can ne
.4id OF The Beck FUNNEL over Whlcn
Mr. Rou1dy also has the supeFinle"-
deucy. .,.- 90.
.taUed Ina he Humbug workings ~
the Tnrie sam mine some time ago
Am electric hoist was put into COM
mission at the Humbug ground ana
when Do was found that the ore was
going down 20 greater depin. IL WIS
decided 20 put iu another smaller no.rl
to sink upon the ore. ana tne noi7t
i- being placed upon lower levels me
electric power has proven very satls-
factory ~ both OF these properties,
and IL Is said that a big electric plant
win supersede the one now IN use
AZ the May Day.
I.. closing down ~ the Omtel
states sntlter ua- a."1. ''
the mines Of the Iinuc district ,h
forcing them 90 either Curtul thelf
erfpuents of ore or cue OF the oui-
amt entirely The shipments of the
Rcck Tunnel have been reduced u
about 10 carloads month from ca'u
property. which Is only one-iouiin OF
Che amount that was being shllp.
a. month OF six weeks ago. The Uncle
D .. ..Ht. .H..
with tine United States smeltcr ana
a4 "a result this mine has uo market
+ for it's ore at the pre ent time. le
compauy O. looking '0r another Quiet
f for It's product and it is believed thal
the company VIII soon be ahl' 10
I contract with another smellef anu
! again resume the shipment To ISL Slti
I'D bv Mr. Grirgs. the superintendent,
. that tho usual amount OF work ls E'-
/ iup ON at the Uncle sam. but the ore
/ that ls being mined is being stored
I ip bins Quite ca lot of attention WIZ
| be paid To- deyel 1pment Uork iu orl.f
] that the property VIII he Dbl ro~llNh
/ To- send out heavier shipments WI
I conditions again become normal. inc
Nav Bav has contract with the Am
erican smelling g. Refining company
/ and consequently there VIII be uo poe
I ducuon iu the output 90 this mine.
/ The Yankees position l- similar 10
mat of the May Day and o. viii con-
] niue 20 ship regularly To- Colorado
] The output of iuo Lower Mammoth
has been going 90 the T.. s. company
I and of course this mine is affected by
/ the order from the smelter 10 IS
learned from the superintendent OF
the Centennial Eureka that the force
al the mine has been reduced nearly
oue-half and that FOR the present. az
lcust the mine VIII be able 20 snip
. fnra % each week
John Roundv. who has been absent
for several days. returned Monday
night from Nevada where hc went for
The purpose Of inspecting development
work al the Seven Troughs property.
which Is controlled by Jesse Knight
and his associates. ana which prom
iess 90 become one OF the very richest
things in Nevada Mr.. Roundy states
that the shaft upon this ground is now
down distance OF 500 feet and that
the ore has been encountered upon
AN ~ the levels except the 500 where
drifting has Just been commenced lie
brought back with him samples ~
gold ore which he took from 10 inch
streak Some Of these samples carry
as high as 100000 gold values to the
] ton and others have gone even hlFn-
/ en- Mr. Rouudy ,s highly elatrd over
! the changes that have taken place in
] tht underground workings 0f tha probe
] crty so STOPPING has been done at
J Tho mine and no ore has been market
/ I'D. but Dr. Is stated that the company
+ win start tre movement of ore sh'r.-
Al the Sioux CON- this week the
/ shaft reached Che depth NJ $50 Ieer
| nUm which level drifting VIII Doe
[ started. possibly ucN Monday whom
. drifting VIII be done toward the COST
I rrn.a. who understand The geological