The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-01-23
FLORENCE IS GOING
TO REACH TO DEPTH
Fifth Level Disclosure Adds
Keener Interest TO New
Work Planned.
Special to The Tribune.

| 0V''ldi W lIlc iEIpuilc'
| COLDFIELD, Jan. 22.-The Florence
Goldfield is now driving iaterals on the
SOO-foot level, at which depth station
| was recently cut in the enlarged main
shaft and while all possible haste is be-
| ing made to reach on this level num-
ber of the ore shoots which have been
highly productive nearer the surface, the
shaft Will be continued 10 reach eventual :
| ly depth of l200 feet which is about
| the limit OF hosting capacity OF the pres
ent plant AS the shaft gains In depth
stations Will be cut at intervals OF 100
| feet or as near these intervals as suita-
bio ground Is found for developing
AS result of recent work on the 800
| foot level. at which depth but small
amount Of development has been done
near the company workings. an ore body
OF excellent character was exposed in the
main Florence vein and about forty feet
from tho shaft. The ore Is fully three
feet wide and is said TO averagc from
mine assays so per ton.
Discoveries OF good orc made during
the past two or three weeks on the upper
levels of the Combination Fraction mine
have greatly stimulated interest and con-
have resulted In materially increasing the
tonnage treated in the leased mill as
well as the value OF the product. Dur
ing the greater part OF last year the Frac-
itoD made production varying from
thirty 10 sixty tons daily, hut the ore
was OF comparatively low grade and the
large amount of development absorbed
The profits. \ good ore body WAS eX-
posed on the 5oO-foo level. but later this
ore ninched 10 small dimensions and no
pay was found on the 750-c foot level.
where drift was driven 10 connect with
the CIermont workings for air and to
explore large vein OF quartz. Recent
ly development has been centercd upon
the upper levels. between the ESQ and 800
whence came the earlier production of
the company and of the productive
leases.
The resignation Of j. r. Flnay as gem
oral manager OF the Consolidated, fol-
lowing Immediately upon the annual
meeting Of stockholders. Is accorded no
special significance among those ilTil
lar with the companY's affairs, and II
is not believed that there has been anV
friction among those in control. Mr.. Fin
lay accepted the management for a term
OF one year and has served that time,
having been asked TO take the manage
ment at the time when J. II Mackenzie
decided 10 retire in order to attend TO
his personal affairs. The depression In
the market quotations on Consolidated,
following the issuance OF the annual re-
ports, is ascribed to several causes and
may have been partly due To the clause
In the managers report dealing with the
extent Of ore reserves
Dividend No. 10 of the Consolidated
company Will he paid January 81 and the
checks have been prepared and will he
placed in the mail in time to reach all
stockholders on that date. This Will be
the fifth consecutive quarterly payment
OF so cents per share, the disbursement
amounting TO the sum of St.779,574. A.
H. Howe. secretary and treasurer OF the
company. Is enabled TO sign all these
checks, over $500 in number. in less than
half days time by the aid of a device
known as signograph by means of
which the writer guides a number OF
fountain pens adjusted in the mechanism
and simultaneously affixes his signature
10 ten checks,