Utah Consolidated Mining Co. - Stock Certificate
Inv# MS1314 Stock
New York
Utah
Stock printed by Franklin Lee Bank Note Co., NY. Please specify color.
Utah Consolidated Mining Company worked several claims in in the Carr Fork branch of Bingham Canyon. It started as the Highland Boy mine, and the surface structures of the Highland Boy mine remained as the symbol of the mining company's operations. In its early years, Utah Consolidated shipped its ore to local mills and smelters by way of team and wagon, by aerial tramway down to Bingham, by railroad cars via the Copper Belt railroad's spur in Carr Fork
In later years, the company shipped its ore by way of aerial tramway to the International smelter on the other side of the Oquirrh mountains, near Tooele. Utah Consolidated later became part of the Utah Metals and Tunnel Company, which itself was later included as part of the Utah Delaware Mining Company and the National Tunnel and Mine Company. This latter company shipped its ore to the International smelter by way of the Elton Tunnel, completed in 1941. In August 1941, the Elton Tunnel opened as a way to transport the ore from the mines in Carr Fork, underground through the 4.5 mile tunnel, to a spur on the Tooele Valley Railway for shipment to the International smelter.
In 1896 Samuel Newhouse began development of the Highland Boy Mine, a mine that had been staked out in 1873. He and his associates formed the Utah Consolidated Gold Mines, Ltd. in Great Britain to promote their interests there. While exploring for gold, large amounts of copper were found and a smelter was soon planned. A smelter with an input capacity of 250 tons per day was completed in May 1899 and was the first copper smelter to be built in Utah. Standard Oil interests purchased control of the company from Newhouse and his associates, also in May 1899, and reorganized the company as the Utah Consolidated Mining Company. In 1898, Newhouse purchased an adjoining group of claims covering 350 acres and organized the Boston Consolidated Mining Company in New York City in November 1898.
The following comes from the 1914 issue of Poor's Manual of Industrials:
UTAH CONSOLIDATED MINING Co. -- Incorporated March 4, 1903, in New Jersey, as successor to the Utah Consolidated Gold Mines, Ltd,. a British corporation. Lands, thirty-one claims, 239 acres, known as the Highland Boy group, in Carr Fork Canon, about 2-1/2 miles from Bingham Canyon, Salt Lake County, Utah.
The property has several ore bodies, the largest being approximately 320 ft. in extreme width, by 340 ft. in length. Ores are sulphide, and carry iron, silica and sulphur, rendering them self-fluxing. The mine is open by a 900-ft. shaft and seven tunnels of 1,000 ft. to 2,500 ft. length. Extraction is largely through the lowest tunnel, No. 7, which is 700 ft. below the crest of the mountain. All tunnels are connected, and ore is milled down to the bottom tunnel for removal.
A 12,700-ft. aerial tram leads from the portal of No. 7 tunnel to ore-bins on the Denver and Rio Grande RR. There is a subsidiary tram, crossing Car Fork Canon, used for handling lumber and mining supplies. During the fiscal year ended Dec. 31, 1909, a new aerial tramway was constructed, connecting the company's mine with the International Smelting and Refining Co.'s plant at Tooele. This tramway is 21,140 ft. in length and has a carrying capacity of 100 tons per hour. There was purchased and installed during 1911, one 10,000 lb. capacity double drum air controlled electric hoist, equipped with 225 h. p. motor and magnetic control, four electrical-driven ventilating fans with motors and exhaust pipe, three 300 kw. transformers, one triplex station pump and one electric sinking pump with motors for same. There was purchased and installed during 1912, one belt driven 1,400 foot air compressor, equipped with 200 h. p. motor; one 6x8 prescott duplex pump, equipped with 100 h. p. motor.
Contract with International Smelting and Refining Co. -- In November, 1908, the company made a smelting contract with W. D. Thornton, of Butte, Mont., which contract was assigned by him to the International Smelting and Refining Co. Under the provisions of this contract the smelting company was pledged: ( 1) To erect a smelting plant in Tooele County, Utah, to be in operation by April, 1910 (since purchased by the International Smelting and Refining Co.), and treat the output of the Utah Consolidated's mines up to 1,200 tons per day, at a rate which is 67.60 cents per ton more favorable to the Utah Consolidated Co. than the contract with the Garfield Smelting Co. (2) To buy from the Utah Consolidated Co. at cost all the lands and options it owned in Tooele County. (3) To give the Utah Consolidated Co. an option on any part of $500,000 par value of the capital stock of the company operating the new smelter upon as favorable terms as were extended to any other taker or subscriber of stock. During 1909 the company exercised said option in full. On May 26, 1914, the stockholders of the International Smelting and Refining Co. voted to sell the property and assets of the company to the Anaconda Copper Mining Co.
Summary of Operations (1898-1984)
Carr Fork is no longer there, literally. It is the north slope of the Bingham pit. The former Carr Fork region along the northwest area of the Bingham mine is the site of what Rio Tinto calls its Cornerstone Project, and North Shoot expansion. But the Carr Fork name remained throughout the 1970s and 1980s as a location on the Tooele side of the mountain. The Carr Fork mine of this period was an underground mine operated by Anaconda, and was the remnant of the original Highland Boy mine.
The Highland Boy mine was owned and operated by Utah Consolidated Mining Company, which had its own smelter out in the Salt Lake Valley. The smelter-smoke suit of 1904 forced them to build a new smelter on the other side of the mountain, above Tooele, as the International Smelting Company. The Tooele Valley Railway was built to serve the International smelter, which opened in 1910. A lead-silver smelter was added in 1912, and Anaconda bought the entire operation (mine, smelter, and railroad) in 1914.
Ore arrived at the Tooele smelter by three methods. 1) The 20,000 feet long aerial tramway of Utah Consolidated that traversed the ridge from Bingham Canyon; 2) The 11,000 feet long tunnel of Utah Metals Company between its Bingham property and an outlet just two miles from the Tooele smelter; and 3) The Tooele Valley Railway that operated between International and a connection with Union Pacific at Tooele Junction (later Warner), west of Tooele. The railroad had a spur that served the Tooele portal of the Utah Metals tunnel.
Ore continued to arrive at the International smelter from the Utah Consolidated's mines in Bingham Canyon. Through a series of court cases and mergers, Utah Consolidated was combined with several other large underground Bingham/Carr Fork mines, including Utah Apex and Utah Delaware, and in 1937 they all came under the control of a new company known as National Tunnel and Mines Company. In 1944, the company purchased Utah Metal and Tunnel.
In 1937, ground was broken for a 22,000-foot tunnel from the underground mines in the area west of the Bingham mine, at the top of Carr Fork. This was to replace the Utah Metals tunnel, and the Utah Consolidated aerial tramway. Known as the Elton Tunnel, the tunnel was completed in 1941. In 1948, Anaconda acquired full control of all the mines and the smelter, as well as the tunnel company. (Utahrails.net)
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
Ebay ID: labarre_galleries