The Sun. [volume] (Price, Utah) 1915-1932, 1916-11-10


OF at least thousand pounds daily of market
able ozokerte The milling plant, as will be seen
by the accompanying photograph. is substantial.
~ constructed
MINE EQUIPMENT AND OPERATION.
During the present year the Wasatch Cocker
lite company has constructed an up-to-date hoist
ing plant at It's Soldier Summit property. This
hoist has sinking capacity of from five hun
dred To thousand feet and IL is the intention of
the company to develop its property at a con-
siderable depth. At the present time. however.
this main working shaft will be sunk only 10 the
hundred-foot level, from which drifts will be run
10 the known ore bodies exposed in the hundred
and hundred and fifty levels from the old two
hundred and fifty-foot shaft. The new shaft
was started away from the fssure for the pur-
pose of keeping il in solid ground. but before il
had attained depth Of forty-four feet a new
vein. six feet in width, was exposed, and this has
been followed down TO depth Of eighty eight
feet, the present depth of the shaft. The aver
age of this six feet Of material is per cent ozo-
kerite, while in the vein there are occurrences
streaks Of pure wax from two 10 four inches in
width.
In the main working tunnel nj a point equiv
alent TO the forty-four level in the new shaft, a
body of pure wax twenty-five inches in width
has been developed and drifted upon for dis
lance of forty feet. This same tense of ozokerite
extends through 10 the surface, as indicated by
the old workings Assuming this 10 be the case,
TINS would give Sixty ieet OF backS above the col
lar of the new shaft.
Crosscutting to the east, on the tunnel level
on the main vein Of the company's property for
a distance of thirty-seven feet parallel fissure
has been encountered. This fissure has not been
cut from wall 10 wall. but IL Is believed by the
management that IL will develop into a large
zone that Will be productive of a good CONNER
cial product The company is giving employ
ment TO a regular force and expects 10 make
many improvements in its mining and milling
practice before the first of the coming year an
important feature of which will be the manu-
facture OF ichtyol, an antseptic and alternative
medicament that is greatly in favor in surgical
and medical circles. lchtyol. heretofore. has
been manufactured almost exclusively in foreign
countries, but hereafter unless all plans fail, il
will be one of the important products to be turn
ed out by the Wasatch Ozokerite compauy
which, in order TO fully and successfully carry
out the scheme. has associated with il a COM
petent and experienced chemist who is thor
oughly familiar with the ozokerite business in
Austria and Germany, and who knows the for
eign trade and It's requirements both theoretic-
ally and practically.
The company, in effecting this combination.
will be the only manufacturers of ichtyol in
America, this important pharmaceutical COM
pound having heretofore been imported from
Germany. exclusively. The company will also
manufacture various compounds from its mine
product and from this source, il is confidently
believed, a greater revenue will be recorded than
could be derived from the sale of oZokerite or
ceresin only. The plant for the manufacture of
ichtyol and various compounds will probably be
located in Chicago
ORGANIZATION AND CAPITALIZATION.
The Wasatch Ozokerite company was ncor-
porated with capitalization of hundred thou
sand shares of a par value of one dollar each
but at a meeting of company stockholders on the
23d (September) inst. the capitalization was in
creased TO five hundred thousand shares of the
additional capital for the further development
and equipment of its property. The officers and
directors of the company are l.. V. Shearer,
president and general manager; j. d. Pardee,
vice president; Stanley c. Sears, treasurer; r.
b. Anderson and w. f.. Snyder.
l.. " Shearer the president of the company,