The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-07-19
OPEXSTR|KE HAS
TALENT GUESSING
Management WithhoIds All In
formation, but Some As
says Are Out.

Il have nothing definite TO give out
concerning the situation in the OpeN
mine. Whatever 1 might say would be
taken seriously. and / shall take no
chance of making a mistake-of mis-
leading the public. l shall make no
statement until we know whether we
have something Of Importance or
whether we have nothing of impor-
lance. and when l do make a statement
IL will give exact conditions.
This n-committal position has been
agreed upon by the board of directors
of the company. and l shall give out
nothing until Il shall be sanctioned. The
position is assumed. not for the pur-
pose Of fOoling the public, but TO pre-
vent, IL possible, misunderstanding
and misrepresentation. Opex is not "A
listed stock. and for that reason we
do not feel that the situation demands
publicity. When we have any develop
ment which we know TO be Of real
glad to tell the public about IT l viii
say this much: 1 am a large holder OF
OPeS stock, and i am not selling any Of
it"
ment made last evening by Frank y.
Swindler, manager of the OpeX mine.
when he was questioned in regard TO
the strike reported to have been made
in that mine. The strike was almost
the oae topic Of conversation among
mining men i'm the city yesterday, and
in Tintic district the excitement is said
to have been even more intense than
II was here.
Double Drift On Orc.
Reports from the district were that
the ore body had been entered by a
raise driven from the 1.9OO-fOot level;
that a double drift had been driven 16
feet on the ore body. and that the DRIFT
was entirely in ore which shows values
of 500 and $50 ton. The ore Is said
to be Identical in appearance with the
II q o
Eureka mine
one enterprising Eureka citizen VINO
obtained grab sample of the ore
casing had II assayed. and IL showed
values of ~ rer cent copper. ABS
ounces in silver and $3.50 in gold. lie
had later obtained sample Of the ore
itself which he said gave every evil
dence Of being much richer than the
casing rock. but he had not yet received
assay returns from it,
The attitude of the management in
refusing to give out anything concern
ing the strike is difficult to understand,
in view Of the well known fact that
such Information always Will get out
even though sometimes II is in distort-
ed form. Gossip of q pool having been
formed by large owners for the purpose
Of manipulating the stock on the mar
ket was rife during the day. but no
positive evidence of that having been
done appeared.
where Opinions Differ.
The strike is regarded of special inn
| pOrtance on account OF its close proN-
| unity 70 the Centennial Eureka mine
| and the claims of the owners that the
Centennial Eureka ore body extends in
/ to Opex ground As to that. there IS
| decided difference Of opinion among eN-
perts. Some distinterested ones who
| know the district well contend that Il
would be utterly impossible for the
! Centennial Eureka main ore channel e
| enter OpsX grouud-that its trend Is
/ considerably east Of south. instead OF
/ west Of south.
| Whether IT IS the Centennial Eureka
| ere body. or some other ore body. is MOI
! material. however. in the event that ths
/ ore is there I'm sufficient quontity. And
| II is doubtless true that the eNistenc'
/ of the chance for argument upor
/ that point is one OF the consideration
! which led the OpeX management to de
! termina to be sure Of what il had be
fore taking the public into its con
1 fidence.