Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-11-30
MINING, BUSINESS AND STOCKS.
CONSOLIDATION FOR
ALTA PROPERTIES
Big Merger Rulnorcd to be on Foot
For That Camp.

| tat INNING vi IL us SNhlt N'Niu Nv
| productive Of excellent results in Alta
| has been the opinion expressed by local
| mining men for some time and steps
are reported to have been taken to-
| wards the consolidation of some of the
properties in the camp With the View
of organizing a big company to work
the entire camp ut depth.
The presence of water and the diff
Guilty of deep mining have been serious
obstacles in the progress of the camp.
But few companies have had enough
financial Elckins to prospect extensive
~ and now the idea seems to be that
il all join hands and form big mcrg
or that capital is ready to enter and
finance the undertaking.
Such q consolidation With the right
kind OF blocking for large operations
ought to find Alta Il field which would
be right for that kind OF an UNDER
taking. Opinion seems to vary as to,
the proper method of procedure. Those
interested on the Big Cottonwood side
claim that the proper place TO drive
a tunnel to exploit the camp would be
at Silver Fork, both as to the economy
of transportation and for drainage. That
contingent holds that such Il tunnel
would he the only logical way to enter.
as II would be in the ore zone prac-
tically all of the way and would hit
the lime beds at such an angle that 1t
would be the best method of prospect
ing besides drlining. This tunnel is
about 500 feet deeper than the Coltiin-
bus Consolidated, and about 400 feet
lower than the deepest workings of tina
Columbus. Fifty feet either side of
this site 1t Is claimed that snowslides
would interfere SO that this IS the
proper location for Il long tunnel.
The other proposed tunnel is that
owned by the Superior Alta and which
was originally started to diain the
Columbus Consolidated. This is at Hol-
~ Flat. a short distance below the
town. and its length would be about the
same as that from silver Fork. Either
would cost about sl50,0o0.
With these two propositions under
way there seems to be some prospect of
n merger in tho camp. The site at sill
yer Fork is owned largely BY Cripple
Creek people who are said to be due
here this week. This fact in connection
with the recent visit of a prominent
eastern broker may have some signii-
canoe. One reported consolidation Is
that of the Contincntal-Alta. City
Rocks. Copper Prince. Alta Hecla aud
South Columbus This same report says
that the men back of the consolidation
have offered a cash price for the Col
ulnbus Ext. and We're refused. that an
option has been given for part cash and
for part stock for the townsite ut Alta
and that the Centennial Emma is under
option for cash. These would form Il
large holding company. This same re-
port Intmates that the Utah Mines
Coalition Is essential 10 such plan
on account of its location and showing.
and that thu tunnel sites and some
other properties are tied up and waiting
Information from the east pending de-
veopmcnts there before announcing
.anv plans.gl Z! ~
Then comes tho other proposition. Tho
South Hecla purchased outright the
South Columbus and the Alta fIccla.
This gitvc them $50 acres of ground on
the south side of tho canyon at Alta,
This company has only 200. 900 shares is
sued and 100000 in the treasury. Tho
same interests control this that control
the City Rocks. continental Alta and
some other grounds. BY taking over
these properties and some under OPP
ton, they would have l,50O acres and
with the proper financial hacking could
do Some extensive mining. 1t Is said
that it Is the intention of this company
to have 100000 shares underwrittcn ut
So thus giving them a million dollars
for development and to absorb such
other companies as they saw ut. Fur
-thcr, the word comes that there are
eastern firms that have consented to
do the underwriting and that the neces-
sary provision has been made for Il
tunnel site on tho Alta side since It
would run along With the main assures
and give excellent drainage. This tun-
mel would run approximately cast in the
same direction MS the Grizzly dixie and
would cut the cross assures that inter-
sect the main assure system. The Flag
staf has been reorganizcd: and II is
possible that they may get into tho
merger. In the meantime word Is said
to he bound to reach the city soon an
nolncins the completion and financing
Of big consolidation In the camp.