The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-03-12
.OPHIR DISTRICT
STOCK LISTED
Lion Hill Consolidated Bonanza
Properties Will Be Repre-
Sented on Change.

Not until the company made the usual
statement and sent in a check for the
required fee to the listing committee of
the exchange yesterday afternoon, with
an application to have it's shares listed,
was the data ever trotted out that gave
the least conception of the magnitude of
the company's holdings When stock
is listed on the exchange. the attested
statement of the chief officers are taken
for the truth and It is rarely if ever, that
company has been caught in making
statements that were deceptive.
There are some mighty interesting state
ments in the application of the Lion Hill
Consolidated, the shares of which will
likely be called for the first time today.
1t Is shown that the company is capital
lied for 100000 in 81 shares, of which
$4,000 are treasury shares and of which
$1,000 have been sold. The company has
cash on hand amounting to s., 100, while it
has an Indebtedness aggregating 10000.
But these are merely incidents in the af-
fairs of the company. The company has
two years and four months in which to
pay what it owes and that amount of
ore, according to Manager George st.
Clair, can be taken out in a short time
after the roads to the mine are open in
the spring.
The property is located in the Ophir
mining district, on Lion Hill, over in
Tooele county. It embraces the Northern
Light group OF nineteen claims. the ChlO-
ride Point group of sixteen claims and the
Columbia group of five claims. Four
teen of these claims are patented and the
entire estate embraces approximately 500
acres of rich mineral-hedrinE land. There
are no bonds on any of the claims, no
conflicts, no litigation, while 5000 feet
of shafts, tunnels, wines, raises and
crOss-cuts have been driven in different
parts of the big property during the past
thirty years The ores produced are gold =
silver and lead and, when it is known
that single pockets of ore have been
mined that sold for more than s250GO0.
and when it is known that these proper
ties have earned over 100000 through
shallow workings, something of the pros
pective value of the mines can be under
stood.
There is a good boarding house. ore
house. blacksmith shop and other surface
improvements and 1t is the purpose of
the management to begin the use of
power drills early in the spring. The
statement claims that there is all of 5000
tons of ore in sight at the present time.
Some of this is exceedingly high grade
ore, while the rest is splendid milling ma
terial.
The last shipment from this property
was made late in December. since which
time the roads have been impossible for
heavy hauling over the eight miles or so
to the railroad. There was only seven
teen and one-half tons in the December
consignment, but it netted the company
the snug sum of S1,7i5. Since that time
developments in one of the long tunnels
and the two wines put down from it
and the drifts from the bottom of them
are all in ore that makes money quick
when shipped to the smelter.
II. P. Clark, cashier of the Commercial
National bank is president of the Lion
Hill Consolidated company; Edward
Home is secretary and the Salt Lake Sc
curity & Trust company is treasurer.