The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1906-11-29
MINES AND MINING

silver lSldnu IN the treat SalJ Lake,
fled articles Of incorporation last
week.
The profits that have accrued to in.
vestors In Goldfield stocks by the re-
cent rise in the price of these secur-
ties is variously estimated at from
$4,000 to $1OO,OOO,OOO
The news has been flashed from
Boston that big corporation is being
organized to take over the Witch
group of claims at Ely, New. 1t is
claimed the Standard Oil company is
back Of the project.
At the regular quarterly meeting of
the directors of the Consolidated Mer-
cur company, held in Salt Lake last
week, the usual dividend of 21zc per
share, or $4,000, was posted for pay
ment on December 49,
From fifty to seventy people a day
are rolling into Ely, Nevada, now and,
as soon as it is possible to get mater
iai anu uth w MANURE III lHc CdIlp
will experience such building boom
as no new city ever saw.
The Commonwealth Mines company
is the name of a new corporation tina.
has been organized under the laws of
Wyoming to operate in Beaver coun-
ty, Utah. 1t is capitalized for 100000
shares of par value of 81.
Within the heart of the Fairview.
Nevada, district at this time are seven
properties, half of which could be
shipping high-grade ore, were 1t not
for the conservative policy which Is
being pursued by their management.
The development work in progress
on the Louise Con, near Ogden, is
demonstrating the continuity of the
vein. The drift to the south is now
in about 400 feet, showing ore all the
way, and recent development shows
seven feet of grey copper.
Notices have been posted through.
out the plant of the Macbeth Lease,
at Mackay, Idaho, announcing the fact
that the management had made an
increase in wages of all the skilled
labor employed, amounting to from
% cents to so cents to each man per
day.
Two mines of Goldfield are piling
up their hign-grade ore to make a
million-dollar shipment, and 1t will be
a guess until the ore is finally placed
aboard the cars as to which will be
the first to break the worlds record
The mines in this unique race are the
Hayes Monnette and the Frances Mo-
hawk.
The directors of the Naildriver com.
pany met in Salt Lake last week and
levied an assessment of three cents
a share on the outstanding capital
stock of the corporation. 1t will
bring into the treasury nearly $4,000.
which will be applied to development
work. The shaft is now down $50
feet.
The East Butte (Montana) com.
pany Is today earning about $1,000 per
month from the leasers now operat-
ing the property on royalty basis.
BY January l next all leasers will be
excluded from the property. By this
time the company is planning to ship
to the Washoe smelter 300 tons of ore
per day.
Experts who have been searching
the Sierra Madre range of mountains,
north of Ogden, have made the most
fiattering reports as to their richness.
not only in many of the rare metals,
such as rungstate and molybdenum.
ETC., but also the garnet. which is
used so extensively as polisher for
metals.
A prominent mining man says that
Ely, Nevada, will outstrip Butte,
Mont, so far in ten years that the
marvellous wonders of the latter camp
will appear ridiculous by comparison.
II two or three, instead of one big
smelter enterprise develops, the camp
will boast a population of 100000
souls, he says.
The large plant of the Utah Smelt-
ing company near Ogden, began oper-
ations last week. The smelter is the
first to be erected in this locality, and
is backed by the Eccles interests. The
plant is situated one-half mile from
the Utah Hot Springs. and is connect,
ed by spur with the main line OF
the Oregon Short Line.
Neil Gillis. one of the very early day
miners of Park City and at one time
shift boss in No. workings, died in
Pasadena, California, last week. Neil
Gillis came from Nova Scotia and
went to work at the Ontario mine
within year or two after its dis
covery.
The feature OF Salt Lakes business
situation for the past ten days has
been the unusual number of big min
ing cOmDanies organized here No