The Garland globe. [volume] (Garland, Utah) 1906-191?, 1906-12-08
MINES AND MINING

tus) is 10 De lfsted at once on me
London exchange.
Work is to be started at once at
the Twentieth Century mine, In the
Black Hornet district of Idaho.
The employees Of the Newhouse
mines and Shelters. of Beaver coun.
ty, have been given a voluntary in.
crease OF 25 cents per day.
With a capital stock of $500, 900. a
company is In course Of formation IN
Ogden to take over the Sierra Madre
mining property, thirteen miles north
Of that city.
The production OF gold and silver
throughout the entire world for 1905
is computed by the director Of the
mint to have been 1876, 2S9, 200 in gold
and 157, 339.362 ounces in silver.
The director of the mint says that
Nevada will show for 1906 a much larg.
err gain in both gold and silver, and
that the state will likely make a con.
test for first place as a producer Of
the precious metals.
Final payment on the Banner group
at Silver City, Idaho, recently sold for
SAC, 900, was made last week. The
new owners are developing the prop
erty with a cross-cut tunnel which
has been driven LOO feet.
A prominent Utah mining man, aft
er a visit to the Balaklala, in CalifOr.
MIA, says: 1T is the biggest copper
mine | ever visited and ! predict that
within twelve months there will be
three million tons in sight"
The Utah Smelling company has
succeeded in breaking into the Tin.
tic mining district. II has secured a
contract with the Ajax Mining COM
pany, which provides that its ores will
be shipped to the Ogden shelters.
A force of As men is being worked
at the Railroad group Of mines in
the Heath district, in Idaho. Some
80, 200 has been expended in building
a road to the mine. This is now COM
pleted and freighters can go to work
as soon as they are ready.
The Black Hornet district, in Idaho,
is likely to be the scene Of great ac-
tivity during the coming year. Devel-
opment has been struggling along
there in rather slow way. pushed by
men who know something OF the pos
sibilities Of that section and have per-
feet confidence in the lodges tiat
have been found.
The Uintah Mineral Wax Company.
Of Cotton, Utah, owns the only ex-
tensive deposits Of ozokerite in Ameri-
CO. and is producing two tons and a
half a day of the product. which is
used extensively in certain manufac-
turing branches as a substitute for
besswax. An offer OF 5000, 900 for the
mine has been refused.
II is figured that for the year to end
with December the Utah Consolidated
company will earn 14h cents per
pound upon a production OF about 49,
000. 900 pounds of copper. %crediting
gold and silver values against copper
costs, says an eastern journal. This
figures profits OF 81, 1885, 900 for the
year, equal to earnings OF 39.1S per
share.
Al Montgomery. Of Van Wyck, Ida,
discovered a promising prospect last
week as the result of a windstorm up
roofing a tree, gold being revealed
almost on the surface Of the ground.
Assays show a 81 value in gold, and
there is also silver and lead. With
Bona Whitley, q Van Wyck hotel man,
Montgomery has staked out the claim
and will work II at once.
The Nevada Hills company. OF Gold.
field, Nevada, last week posted an
initial dividend of ten cents a share
on its issued and outstanding capital
stock, which amounts to 100000
shares. The properly of the Nevada
known on the 18th day Of last March,
when IL was purchased by John T.
Hodson, OF Salt Lake City.
A. G. Corbett, manager of the new
Ely, Nevada. Townsite company, lasl
week sold in the neighborhood OF
500, 900 worth of dirt in Ely City"
Mr.. Corbett declares that nothing al
stop Ely from holding a population OF
5000 people In ten years. He de-
clares that there will be three or fom
smelling plants In operation within
the next three or four years.
The director Of the mint has issued
a statement of production of gold and
silver in the United States for the year
1905, which shows that the total pro.
duction was 1926, TAP ounces Of gold,
and the commercial value of The silver
produced was 1874, 1921, 976. The most
important changes In gold production
are shown by Alaska, which advances
from 8 ,160. 500 in 1904 to S14, 1925, 500
In 1905. Colorado shows an increase
from $24, 1856. 800 In 1904 to $25, 701 100
in 1905, due to freedom from labor
troubles. Nevada shows a gain from
$4,307, 800 In 1904 to Sc, 1853. 100 in 1905,
apJ a uaip In uiIyar from y COZ nm M