The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-10-01
BETTER VALUE Of
ORE IS REPORTED
Iron Blossom Rock Shows I'm
provement Over Past
Shipments.
DIVIDEND is CERTAIN
New Hosting Plant Not Due
at Property Until
New Year.
DIVIDEND is CERTAIN

Iron Blossom stock has been somewhat
stronger upon the exchange this week
and the reason for this is That there
has been a general improvement In un-
Gereround conditions No strike has been
made, but the ore which is being mined
especially that which is now coming from
the No. shaft. has been improving grad
ually.
The ore which is being sent out from
the No / workings OF this mine Will aV-
erage up about $50 per ton and this means
that IL is netting the company In me
neighborbood OF $40. The treasury oil tne
Iron Blossom contains a very heavy sur
plus and there seems 10 be no question
but what the usual dividend Will be de-
olared when the directors meet on the
l1th OF next month.
The diamond drin. with which pros
pecting has been handled from The ls9o
level OF the No. smart for some tlmes is
now being used in driving hole toward
the north. This will he an interesting
piece OF prospecting because. the drill Is
Headed In the proper direction 10 carry
il under the ore bodies which have al
1eady been opened from the NO smart.
New Equipment.
The new hosting plant which has been
ordered for the No. l workings OF the
Iron Blossom mine viii be delivered
about the first OF the new year. The
order for this equipment was placed some
time ago but owing to the fact that most
OF the machinery has 10 he manufactured
especially for the company. the delivery
cannot be expected before the fret Of the
year. When this new hoist is In oper-
alton the Iron Blossom viii have one OF
the best plants in the entire western
country
The Opohongo people have Just finished
grading out for the new ore house and
the contract ior the construction Of this
new building has been let TO Alex Nc
Donald OF Eureka. Underground opera
atlons arc running along as usual at this
mine and the present output is about two
cars of ore each week. but when Inn
provements which are. now under way are
Completed the tonnage will be increased.
Superintendent Cox states that the driit
toward the north upon the COO level Is
still In ore and that the present outpu,
OF the mine is being taken from this
drift and from the 400 level. Within
month a connection Will be made which
VIII make IL possible ror the Opohongo
700 level OF the Gold Chain. cutting down
the expense of handling the ore some
what.
Victoria Resumes.
The Victoria mine. which was closed
down for about week In order that re-
pairs might he made to the boilers, Is
now in operation again. Work was re-
sumed al the mine last Monday and
nfteT gpitDs out Out staten b sen 9pen 1ns n 'OO
e. J. Raddatz returned TO Salt Lake
on Tuesday after spending a couple OF
days AT the Tintic Standard property, in
He states that the drift which Is now
being driven toward the west upon the
1000 level is undoubtedly nearing the con-
tact, Owing 10 the scarcity OF water at
1ho companys spring It was necessary
10 discontinue the work upon the 700
level. bur just as soon as there Is an in
crease In The flow this work will be
taken up again. Mr.. Raddatz feels con-
fldent that an important strike Will be
made shortly after the contact is reached
upon the 1000 level
Lower Mammoth Work
At the Lower Mammoth mine Super
.ntendent Coffin Is still dcvoting his en-
tire attention TO the prospecting OF q
very promising piece OF mineral ground to
the 1000 level. This drift has already
been driven In a distance OF about 65
feet since work was started on the first
OF the present month. and while II is
still in a line formation the Lower Nam
moth officials believe that they have
good chance TO open an ore body upon
this level and the fact that the drift is
headed out into virgin territory adds In
tcrest TO the work. Within a short time
the Lower Mammoth people win no doubt
take up work upon g more extensive
scale.
y few days ago Superintendent w D.
Loose OF the Sioux started a raise from
the 500 level, this raise being located
almost directly under the point where
the ore was followed down from the level
above. This raise should connect with
the ore within very short time, but
prospecting upon the 500 level.-Eureka