The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1906-11-08
MINES A ND MINING

result the STOCK Ol ludl NpAiP"H'
advanced As cents per share
At the Jennie mine at Goldsprngs'
IN Iron county, Utah, the ledge mas
been opened for distance of 70 feet
from the shaft and both drifts are
showing up fine ore.
Nine Utah mining companies paid
dividends during the month of Octo'
ber. The largest amount paid was
distributed by the United States COM
pany, which paid s366,63O.
The Walker Indian reservation in
Nevada, recently thrown open for set
tlement, is being rapidly staked out
by prospectors, a number of good
finds having been reported.
Ground has been broken, side-tracks
have been put in, or are going In, and
material is now being delivered at
Hazen, New, for the erection OF
large new ore sampling mill.
The directors of the mint on the 2nd
purchased 100000 ounces Of silver for
delivery at the Denver mint, at 7l.25
per fine ounce, and $4,000 ounces for
delivery at the Philadelphia mint, at
71.20 per fine ounce.
The high price for platinum can be
accounted for by the Intervention OF
the Russo-Japanese war, which pre-
vented active mining in the Russian
mines which have furnished about 80
per cent of the worlds supply.
The Copper Glance company. operat'
ing at Bingham, Utah, will shortly be
reorganized. A deal is now pending
that will bring this about and nothing
stands in the way, but the straighten-
ing out of titles to some of the ground
involved.
Fifty thousand dollars is the stated
price paid for the Powhattan group
Of claims in the Rose Bud district,
new mining camp, twenty-five miles
west of Humboldt House Nevada. by
w. ]. Rooklidge, mining capitalist
If Salt Lake.
Some rich tellurium ore has Just
been discovered in the Stateline dis
trict, and there is likely to be some
thing doing with the property from
which it came just as soon as the par
ties have had time to reach a conclu-
sion as to what they want to do with
proposition that has been put to
them.
According to Captain A. II. Mayne,
manager of the Ramsay-Co Min.
ing company, which is operating upon
the immense Clark dyke at Ramsay,
Nevada, the company has bonanza.
The vein in which the big discovery
was made a few days ago has been
cut from wall to wall and its width is
81 faet
The Red Rock mine at Cobalt, On
tario, has been purchased by the Nc
COTulChS, Vi Odll lIdhc WY W ho hafO
planned the Colonial Silver company
as holding agency. DR.. Robert Ball,
F. R. S., has given an opinion that the
cobalt deposits are of deep origin.
Fine ore is being found on the 300
foot level.
Another big group of splendid min
ing claims in the Yerington district
has been landed by Salt Laker. This
time the lucky man to get in is e. D.
Miller and the property he has ac-
quired is the Copper Deposit group of
eight claims, two or three of which ad-
Join Captain ]. r. DeLamar's Blue
stone group.
Word comes from Beaver county to
the effect that the group of claims ad-
joining the Progressive Mining com.
pany's ground, composed of the Mo-
bile, Marie and Marble claims, have
been purchased by prominent Salt
Lake mining men, and that the first
payment has been made closing this
deal successfully.
Don Mcguire, who his recently paid
several visits to the Napoleon & Mag.
hera, in Sierra Madre mountains, north
of Ogden and to the Santa Maria in
the same locality but in an adjoining
canyon, reports that the development
work on both properties is going on
with dispatch and with as heavy work.
ing forces as can be placed.
Authentic reports have been re.
ceived in Goldfield that very rich ore
has been found on the hanging wall
In the cross-cut tunnel on the Nevada
Hills, at Fairview, Nevada. The tun.
mel has been closed and padlocked and
no official information is given ont.
Twenty-Five years have passed
since the copper industry was as pros.
porous as 1t is today. The record
nigh prices current in 1906 have been