The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-08-02


moro than ? pils. and. in all probability u
Tho production OF gold bullion has been re;
gumed at Mogollon, but less ore y being Lynne thfs
time fast year. Another mill will start UP
there very soon with q daily capacity Of eighty
Another important gold strike has been Tid made
A 4 o% n s gO II. T. st% S%4t%ri gipS Of Santa IaS p FL and
il is believed that the strike win prove to be as
rich as the Gold Standard, which .is now the
largest gold producer In that district
LAKE SUPERIOR.
HouaHToN, Mich, July 80, Tho recently
issued annual report of tho Calumet and HeGle
Mining Company, covering tho operations OF Ln a
was 48,237 tons, the largest IN the history OF
production Of the mines Of the Lake superior
copper district, Tho statement shows a sTr-
plus in cash, bills and accounts Sndnttss r r. SS sss'.
pound and ttfSe, mineral al ! cents Der pound;
a e great Snderyaluation Of TIE redi cd copper,
tSlrss the hSr mineral GSpnsr contains nnd tho 9 t edst o. SvT Sefn nMS;
and marketing copper from mineral 10 less
than ] cent per pound, 50 that the real al VsI1s
instead Of 4 cents per pound, as figured in tho
report. The net surplus Of the Calumet and
share, much tho largest carried by any ,Ameri.
can mining company, and exceeded by few
corporations IN this country.
During 1895 the company returned diytdends
Ct g., 800, 900 to its stockholders, added $l9ll,-
6sG to its personal estate, and $l8g,2o7 to It's
company by 81, S56,473. Adding dividends,
increase of surplus, and additions to real and
p peerS9idns es Msrs s shs n SEA- PF OF in OF tho S SfSs sIs
per share on the capital stock of 100000 shares:
The market price Of copper ranged from lola
1923 cents. Estimating the sales at the aver
age figure of 1898 cents for the seasons pro
Dodncting from this the profits Of tho years
work, Is left a remainder of $5,0S3.44s repre-
senting the cost of producing S9,26O,621 pounds
pound for the actual cost Of mining, milling.
smelling, transporting, and selling, leaving q
net profit per pound Of 5.29 cents.
DAB
IDAHO CITY, July 24.-The general man
agor of the Old Glory Company OF Boston has
just returned to this place from the o Alpine ne
Paysitto River. The company viii soon begin
opening up the property TO depth and stopping
over. When the company bought tho mine it
but now il has been found that it contains
telluride gold ore worth 5000 per ton: The mine
Fisk, superintendent Of the Big l., at De Lamar,
who has made a careful examination OF the
property, thinks that 1t will develop Into one
work in the Ben HUI, gold mine, on Deer Creek.
| tnlS county,, ana on inc llDeTty COppOI uiiic oh
Squaw Creek. Both Of these mines promise
A.. i. Bower and ]. siisoat Fasse.t are here
Summit flat, which they contemplate pur:
chasing from Thomas Barry. The mine is well
The Banner err mil viii soon make a crushing
OF $50 tons of rich silver ore that is now on the
dump; Owing TO the low price of silver only
William Gibbs has a tunnel In the head of
Rock Creek, thirty miles north Of this place, q
to cut the vein with every blast. On the sur.
face the vein Is OF good size and very rich in free
FSS ied There IN are Ire s ssTsra ne, either SS5y tbpa To% Will
receive some attention during the summer.
The London company that owns the Nam.
work running tunnels along the lee 60 from the
bottom of the shaft, which is over 200 feet
deep. The ledge is from eight to twelve feet
has decided to erect a twenty-five stamp mill
should the mine continue to show as well after
a ten.stamp. was kept running on ore from
near the surface.
in earnest for the development OF the great
copper mines of the Seven Devils district, in
Washington county; The Lodges are the larg
high, with considerable gold and silver. When
developed they will surely surpass the great
the district is badly needed, SO that some
thing can be done at small expense at or neal
the mines: II is reported that a large smsite @
UTAH.
SALT LAKE CITY, July 26.-On account O
the Pioneer Jubilee celebration during the pas
week., mining operations were very greatly
curtailed, most OF the mines being closed dow
for from two 10 five days. Operations were yer!
generally resumed this morning.
The action of the miners in the employ o
both the DAILY and Ontario companies at Parl
City in accepting the cut in wages was re
ceived with great satisfaction by the public, a
any other course would have led to a very dis
astrous strike. No dividend for July has ye
Geen aeci IatefI p fha me t Hhta I1on Ttbo9mpan yTne ana q ,
least will be passed.
Shipments of guano from the islands o
Great Salt Lake have begun. Much Of the fer
tilizer will go to California beet fields.