The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-11-21
MANAGER TELLS Of
COLUMBUS MINE
New Ore Bodies Now Indicate a
Long Period Of Increased
Production.
STOCKHOLDERS WILL
MEET in DECEMBER
Eastern Interests Do Not Care
to PlOw Through Snow to
See Mine.

Columbus Con was the general topic
of discussion among the mining men
Saturday, and the rapid ascent Of the
selling price of the stock was the sub
icct of much speculation as TO the con
dition of the mine. Along this line
Manager Jacobson stated yesterday
that were metal prices as high as they
have been at other periods IN the ms
tory OF the mine. he would say that
the property at the present time is
looking better than ever il has looked.
Developments Of the past few weeks
have resulted in the opening up OF two
new bodies of ore which show indlca.
tions OF developing into deposits sec.
opd to none IN the mine S career, and
though Mr. Jacobson has been very CON
servative in his statements regarding
the property, he has been promising
good news for some time, and he feels
that late results have fulfilled these
promises.
To Increase Output.
Mr.. jacobson stated yesterday that
some fifty tons Of $40 ore arc being
mined daily. and it is the intention
from now on to materially increase this
production.
a call has been issued for = special
meeting OF the stockholders of the com
paay. to be held in this city December
IL, for the purpose of changing the
date of the annual meeting of the com
papy from the first Thursday IN Feb.
luary TO the first Tuesday in June of
each wear. Such a change was suggested
at the last annual meeting of the stock.
holders and Will be made in order TO
give the stockholders, many of whom
are eastern people. an opportunity OF
visiting and examining the property
during the time of the annual meeting,
it being almost impossible for any ono
not an expert ski rider 90 GET to The
mine IN the month OF FEBRUARY, the
snowfall in the Alta district being very
heavy.
Managers Statement.
Accompanying the call were the nee"
cssary proxies and also a statement re-
earding the mine from Manager Jacob
sou, in which he says:
" At the property everything is NOV,
ing along nicely. Within the past thirty
DAYS we have made two very important
developments. The first is on our tun'
mel level, near our No, shaft. where
We cross.cut TO the southeast no feet
aud caught a new ore body, which ap-
pears to have great merit, We arc
now sinking in this orc. which is
solid body of copper sulpbides, averag,
ing from 10 to II per cent copper aud
from ten to twelve ounces In silver.
This the writer considers q very I'M
portant development. as 1T runs parallel
With the ore body on which VIC have
been working for the past year, and
which continues from the 4O0-toot level
TO the surface, giving about 700 feet
of Stopping ground The extent of this
development is not known as yet. but
from all appearances 1t will prove up
and DO as big as anything we have
vet had at the property.
Developments at Depth.
THE second development is on our
l0U-foot level, 400 feet below the tun
mel, where we cross-cut TO the south
500 feet and caught large 6ssurc,
which we arc now following 10 the
contact. The orc in this assure is of
a milling grade at present, but as soon
AS the contact is reached (iudging from
other parts of the mine under similar
conditious) it should make large body
of high grade ore. This work should
be accomplished within the next two
OF three weeks. and if Developments
prove as VIC expect them 10 1t virtually
means a new mine for the company, as
il is absolutely independent Of any
other orc chute We have yet developed
We are also cross-cuttlng IN other
places LOT contacts dQ0 OF course. e4-
pect some developments in each of
them All this work should he accom-
plished before the expiration of the
year, and from appearances VIII prove
of great value to the company.
A." Al the present time shipments are
amounting TO about fifty tons of ore
per dav. and we arc paving expenses.
From now on we expect TO increase this
from 10 TO 100 tons per day, which
will give the company some profit
Unfounded Rumors.
AS 10 rumors in regard TO law suits,
etc, will state they arc without any
foundation whatsoever, as the company
has clear fitlc TO all property surround
ing their ore bodies These rumors were
undoubtedly sent ont for the purpose
Of affecting the price of the stock,
which is now selling between 60 and
20 cents per share. The power plant
which the company owns is worth the
present price Of the stock. not consider
ing the mine whatever. The writer
would therefore suggest that these ru-
mors not he accepted seriously. and
would fifrther suggest 10 stockholders
who paid higher price for their stock
20 average up, for if developments
prove up as we expect within the next
sixty davs, the stock will certainly go
back TO somewhere near its high mark. y
Metal Quotations.
The metal quota tions Furnished Satur-