The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1906-11-30
MINES AND MINING

fNhINla 10 huluu'lu hlofhh NN tue IT,.
cent rise In the price OF these secur
itos BE- yarIously estimated az from
$4,000 to tlo0OoOOOO
The ncvs has been flashed from
Boston that @ big corporation is being
organized 10 take over the Witch
group OF claims oct Ely, New II Us
claimed the standard OH company is
back OF the project
At the regular quarterly meeting NJ
thc directors of the Consolidated Mcr
cur company held iu Salt Lake last
week the usual dividend of 2i5c per
share. or $4,000, was posted for pay.
mcut ON December 10
From Gfty To seventy people a day
arc rolling into Ely Nevada nov and
a. soon us IL is possible 20 get mater
Cal and men TO handle Il, the camp
will experience such "a building boom
AZ no new city ever saw
The Commonwealth Mines company
30 the name Of new corporation tha'
has been organized under the laws Of
Wyoming to operate In Beaver coun.
". Utah Il is capitalized Tor 600 900
shares Of par value Of 81
within the heart ut the Fairyiev.
Nevada. district at this time are seven
properties. half OF which could be-
shipping highgradc ore. we're Il 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 tho
vein. The drift to the south is now
In about 400 feet. showing ore all the
way. aud recent development shows
soyon feet OF grey copper
Notices have boon 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 20 from
20 cents to 30 cents TO each man per
day,
Two mines OF Goldneld are pillng
up their hlgu-gradc ore to make a
mlllion.dollnr shipment, and Il will DO
guess until the ore f. finally placed
aboard the cars az To which will be-
the first 70 break the worlds record.
The mines In this unique race are tho
Hayes. Monnette and the Frances Mo-
hawk
The directors Of the Nalldriyer com.
pany met IN salt LAKE last week and
levied an assessment Of three cents
share on the outstanding capital
stock OF the corporation. II will
bring into the treasury nearly $4,000,
which will be applied TO developm ent
work The shaft is now down $50
feet.
The East Butte (Montanal com.
pany IL today earning about $1,000 per
month from the leasers now operat.
ing the property on a royalty basis
by January l next all loasers will bo
excluded from the property by this
time tho company II planning to ship
TO the Washoe smelter 800 tons Of orc
per day
Experts who have been searching
the Sierra Madre range Of mountains.
north Of ogden, have made the most
fattcrlng reports as 10 their richness.
not only IN many Of the rare metals,
such as rungstate and molybdenum,
ETC. but also the garnet which is
used 80 extensively as polisher for
metals
A prominent mining man says that
Ely Nevada. viii outstrp Butte,
Mont. 80 far In ten years that the
marvellous wonders Of the latter camp
will appear ridiculous by comparison.
| n two or three. instead OF one big
smoltor enterprise develops. the camp
Will boast population NJ 100000
souls. he says
The large plant of the Utah Smclt-
Ing company near ogden, began opcr'
auons last week The amcItor Is tho
first TO be- erected Ia this locality, aud
is backed by the Ecclrs interests The
plant is situated onchalf mile from
the utah Hot Springs. and .s connect
ed by "a spur with the main line OF
| the oregon Short Line
I Neil ellis. one of the worry carly day