The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-01-24
Utah Mining Conditions

The Salt Lake Mining Review issued on January IS is a large and
creditable edition, devoted to the mining industry of the western states
An effort has been made to conprehensivey present mining conditions
as they are. A considerable amount of space is devoted to the mines
of the Godfeld district, and to til" state of Nevada generally. What the
Review has to say of the mining industry of Utah is of especial inter
Review as follows:
The year 1913 takes its place as a very successful year in the
mining industry of Utah. While no new mining districts have
been discovered, the production of the older camps has resulted in
a large increase in tonnage mined, a slight increase in gross value
aid nearly half a million dollars increase in dividend payments.
OF the companies which paid dividends in 1912, only one
failed to pay in 1913. Three of the old companies came back into
the list after a years absence, and four new names are noted for
the year, which are responsible for something more than the amount
OF the increase over the preceding year.
Considering the three main districts, Park City gained one
dividend payer, and the mines of the camp paid SS9I,24I, a gain
of SI3s,241 over 1912. Two of the producers distributed less,
but did a large amount of development, the effect of which should
be noted in the dividend list of another veal.
Tintcs mines paid the past year $I,35I;926, a gain of 1923,
900, and the camp is the home of two of the new payers as well
as nine of the old ones. Before another year is ended it is likely
that others will ion the list and thus keep I'D the good record of
this grand old camp.
At Bingham there were three dividend payers, distributing
S5,24344S, a slight decrease from the preceding year. In spite of
the disastrous strike conditions of late 1912 and early 1913, divi-
dends were not seriously impaired. About 100000 should be ad-
ded to 3inghams quota to account for the approximate profits OF
the United States company from its Bingham mines, for which
no separate report is given out.
Thus it is seen that conditions in the three leading camps
were satisfactory, and indications are for even greater activity the
coming year. In the smaller districts substantial progress has
been made, and some of them should give us dividends in a short
time, while others must await transportation facilities.
Plans are underway for the formation of an association of
mining men to promote the mining interests of the state. We be-
ieve this is a good move, but in pushing it to a successful con-
clusion, it is not necessary to give vent to statements implying that
mining is dull, hereabouts; statements that are eagerly seized upon
bv those who wish to divert investment money from Utah. Ger
tain loudly proclaimed statements OF this sort, made in the last few
weeks, have done and will do incalcuabIe harm to our mining in
dustrv through its effect on eastern investors. Mining as an in
dustry is not dull in Utah; as a speculation it may be. Let lis all
pull together for an even buster year to ONE and forget the pess-
mistic utterances of the discontinued.