The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-06
Total SAC, ,340,9
- To August 1st. estimated


tD To August 1st, estimated.
From present indications this years
production should amount tC $4,000 .oOl
oZs, For the first six months of 1910
iwenty-siX mines have shipped total oi
1883 tons OF ore.
1t Is coincidence worthy Of note that
in the four years since 1906 the silver
bearing area ut Cobalt has been extended
but little. J. e.. the important properties
then are the important properties today.
and with the exception of the Temiskam
Ing enc or Two others Adjoining, and the
Wettlaufer, in South Lorrain. develop
produce Nines. On the other hand, sew
er5l properties hnve been developed
within these boundaries. among which
rnav be mentioned the Crown Reserve.
Geology PLAYS most important part
as regards the orc deposits ut Cobalt.
Three we'll known formations are met
with, the Lower Hurorian. or Conglom
crate. the Dlabasc and the keewatin OF
most productive. having produced about
81 per cent OF the total silver output of
the camp. the remaining FIVE per cent
being about equally divided between the
Diabase and the keewatin In this camp
n large area, as we'll as "a productive
geological forIaaiion. Is Of the utmost
which make Nipissing the most valuable
OF the Cobalt properties.
Great progress has been made in the
I1halt district in the last three years In
There are now thirteen mills in the camp
TWO of which are doing custom bust
ness while eleven are owned by the vari-
ous mining companies. All of the thir-
teen mills are in operation fourteenth
Is now in process Of construction and
should be placed In commission IN Janu-
airy Several OF the properties. which
have concentrating ores in addition to
high grade. are making a good showing
as regards proflts. and in many cases this
class OF property Is much better OFF than
those which have small areas and are de-
pendent upon one vein OF high grade ore.
An idea OF the amount and yearly In
crease Of the low grade ores milled may
be had from the fac; that two years ago
1908, 10000 tons, and for this year The
amount treated will probably be between
$50. and 1000 tons.
One OF the most important and far
reaching events of the year al Cobalt
mas been the recent arrival in the camp
Of both compressed air and electricity.
Three different companies are now sup
plying TO the various mines one or both
Of these powers. This has resulted in a
great saving Of coal and has cut tho
power cost at many Of the mines from
30 per cent TO 80 per cent At the Nip
pissine property this Item alone repre-
snnts saving OF s35 900 per annuln
While this cheap power is of the great
est advantage TO the large producers II
VII also enable many, small properties.
heretofore undeveloped. to start work
ana others to. resume operations An
other important Item which will prob
ably increase the earnings for 1910 over
those OF 1909. Is the present high cost
of silver per ounce, which means that
for each cent rise In the metal quotation,
approximately $2S0,000 ie added to the
total annual net profits of the Cobalt
camp
Cobalt has made A wonderful dividend
record. and from 1906 TO 1910 or during a
period OF only four years more than s17,-
non opo nave been d!sbursed to stock
holders. During 1910 there have been
declared and paid $4,000 00n, which makes
the total to August 1st 500. 500 600