The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-03-19
OHIO COPPER IS
UNDER INSPECTION
Henry Krunnb Has Been Max
ing Examination of the
Property, 4
RUMORS ARE AFLOAT
Source of His Commission to
Make the Report Is
Unknown.
RUMORS ARE AFLOAT

II has 'deevloped that during the past
two weeks Henry Krumb the we'll
known mining engineer. has been con-
ducting an examination OF the properties
OF the Ohio Copper at Bingham. The
Significance OF this examination cannot
be found out at this time. but officials
OF the Ohio Copper do not deny that
the examination is being made, although
they do not know for whose interest
Mr.. Krumb is engaged. great deal Of
Importance is attached to this visit by
salt Lake people. not only on account
al the reputation and standing Of Mr..
Krumb but also because OF the strong
demand which has stimulated the stock
during the past few days when q grad
ual daily rise has brought the selling
price up TO s1.42i II was only a few
weeks ago that Ohio was suddenly forced
20 a low level or 81 cents and many
rumors were current in regard TO the
future policy OF the management and
the earning capacity or the mine.
with the present market on copper the
Ohio Is making more money than at
any time in its history. February opera
tions are estimated to bring in s3T,500
and 1t is thought that March VIII be
an equally good month. The two sections
or the mill now in operation are treat
ing from 1900 to 1000 tons daily and
when the third and fourth shall have been
completed, estimates place the capacity
nj more than twice that amount In the
mine. engineers report better than l@.-
600 900 tons of ore blocked out.
\ short time ago some new ore was
discovered In the Ohio and This tended
30 demonstrate the partially developed
ores. Since that time a rumor has been
afloat that the Ma scotte tunnel was be-
lug extended through the Ohio territory
10 the Utah Copper line. This would
cut under the Utah Copper at depth OF
about 500 feet. II Is generally under
stood tina; the Mascotte tunnel is being
pushed ahead for the purpose Of develop
ing more orc in the Ohio. but the ultf-
mate objective point OF the work Is not
known The rumor that the tunnel was
being driven to get under the Utah Cop
per has caused an intimation that II
might he true that the Utah Copper was
interested in the work This Is denied by
Copper, who SAYS that the Utah Copper
has no interest in the work and that Mr.,
krumb has not been employed to make
the examination for them. Mr. krumb
several years ago made some eyaruina-
rions for the Utah Copper company, but
10 has been some time since he has been
engaged on commission from them
From the fact that the stock has made
= sharp advance in the last few days,
i, IL evident that AIR. Krumhs inspec
tion may have an ultimate result on the
future of the property. II cannot be as
rertatned locally for whom he is MAX
ing the report. but one rurnor says that
il may bn for the w. g. Thompson inter
eSts. Ohio has been before the public |
20 much or late and so many reports
thai basis for conclusion relative 10
the compan! has been hard 10 obtain. |
II may be that something OF importance |
will develop as result Of this visit.