The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1906-12-06
MINES AND MINT,

" S0Ahs
The profits that have ace,...
vestors in Goldfield stocks /, (
cent rise in the price Of the.. !.
ties Is variously estimates :.
$4,000 to, 100000, o0O
The news has been f,ash.x
Boston that big corporation I.
organized to take over IT,
group Of claims at Ely. New
claimed the Standard on com.
back Of the project.
At the regular quarterly meet..
the directors Of the Consolid.t..
cur company, held in Salt IL.
week, the usual dividend Of ~.
share. or $4,000. was posted ~
ment on December 49,
From fifty to seventy people
are rolling into Ely, Nevada -, :,
rs soon as it is possible to get ".
ial and men to handle it, the !.
will experience such building I,
rs no new city ever saw.
The Commonwealth Mines con..
is the name of a new corporatim 4
has been organized under the u,
Wyoming to operate in Beaver :.
ty, Utah. 1t is capitalized for sms
shares of par value of 81.
Within the heart of the Fair,..
Nevada, district at this time are y.
properties. half of which couId
shipping high-grade ore, were i
for the conservative policy whiA
being pursued by their managema
The development work in prom
on the Louise Con-, near Ogda =
demonstrating the continuity Of 81
vein. The drift to the south d y
in about 400 feet, showing ore III ~
way, and recent development H.
seven feet of grey copper.
Notices have been posted thnvt
out the plant OF the Macbeth La
at Mackay, Idaho, announcing The r.
that the management had mad =
increase in wages Of all the skl.f
labor employed, amounting to IT,
| 25 cents to so cents to each man =
| day.
Two mines of Goldfield are PHI,
up their hign-grade ore to make
million-dollar shipment, and it win \
guess until the ore is finally placsl
aboard the cars as to which will L
| the first to break the worlds record
The mines in this unique race are u
Hayes onnette and the FrancesNl
hawk.
The directors of the Naildriver cuu
pany met in Salt Lake last week a
levied an assessment of three cenl
share on the outstanding capt.
stock of the corporation. 1t VI
bring into the treasury nearly $500
which will be applied to developma
work. The shaft is now down 8
feet.
The East Butte (Montana) CO.
pany is today earning about $1,000
month from the leasers now opers
ing the property on a royalty bas
By January / next all leasers VIII
excluded from the property. BY 4
time the company is planning to s.
to the Washoe smelter 300 tons oft
per day.
Experts who have been search
the Sierra Madre range of mountal
north of Ogden, have made the %
fiattering reports as to their ricnne
not only in many of the rare met
such as rungstate and molybdens
ETC., but also the garnet, which
used SO extensively as a pollsnef
metals.
A prominent mining man says 9
Ely. Nevada, will outstrip ba
Mont, so far in ten years tna1
marvellous wonders of the latter q
will appear ridiculous by compafA
Ii two or three, instead Oh one
smelter enterprise develops, the g
will boast population OF iW
souls, he says.
The large plant of the Titan 81
ing company near Ogden, began =
ations last week. The smelter =
first to be erected in this LOCALITY
is backed by the Eccles Interests
plant is situated one-half mile
the Utah Hot Springs, and is com
ed by a spur with the man ~
the Oregon Short Line.
Neil ellis, one of the very cary
miners of Park City, and al Que
shift boss in No. workings, aie,
Pasadena, California. last wess.
ellis came from Nova scoua
went to work at the Ontsrv
within year or two after ~
covery.
The feature Of Salt Lake $ ous''
situation for the past ten dass
heap tba unusual number OF DIE
} ing companies organized hete
less than half a dozen compah'.s -,
filed articles of incorporation -
total capitalization ranging e''s'
s5,000,0 900.
The subscription sllotments y
stock of the King Edward. :
, | ..ninnS tho Cnhalf cnmpany oi