The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-08-15
MINES AND MINING

IldfkS rhlirOau.
report Is current TO the effect
that Salt Lake Is to have another
mining stock exchange, a rival Of the
present exchange
So far as known the first coal pro
duced In the state of Montana was
mined in 1880. in which year the pro.
duction amounted to 224 tons.
Nearly everybody in virgen City,
Toquerville and st. George has Sc
cured lands In the oil region and they
are now all dreaming Of becoming
millionaires.
It Is announced that Heinze will
make the United Copper company the
parent body of great coalition of
mining, milling and smelling compa-
MES to fight the Amalgamated COM
pany.
Copper sulphides have been en-
countered in nearly every prospect
hole sunk by the Empire Nevada
Copper company, at Yerington. The
character of the ore is good and car
ries l to per cent copper.
Thomas Lawson, Of Boston. now
owns the Humboldt smelter near
Prescott. Arizona. having secured pos
session on July 8 of all but $4,000
shares of the capital stock of the
Consolidated Arizona Smelling com
pany.
The area of Montana underlain by
coal beds is estimated at $4,000 square
miles. The. Goals vary in character
from Ignite to bitumipous, some OF
the latter being fair cooking Goals,
and the producing areas lie in some
what widely separated fields.
There are good coal indications
twenty miles southwest from Oakley,
Idaho, A fair quality of ignite has
been uncovered, which improves with
depth, though the development is but
slight. This Ignite has been used
as fuel by people in that section.
Most of the mines in Montana are
worked eight hours day. In 1906
twenty-three mines, employing 1890
men, reported eight hours to the work
ing day; five mines, employing 1893
men, reported eight hours for miners
and ten hours for day men. One mine.
working eighty-fve men, worked
nine hours
Park City organizations whose ores
contain liberal sprinkling of zinc
values, are confidently anticipating the
completion and operation of the Gras-
selly Chemical companys new plant
on or near the property of the Daily
Judge company. 1t is expected that
this new plant will solve the zinc prob
lem for the Park people.
An experimental run is being made
at the Potosi. at Silver City, Idaho.
The ore goes through the battery at
the rate of one ton per hour, with 40
mesh screens, and with scarcely any
shines, saving considerable percent
age of gold on the amalgamating
plates, but the saving in the pans has
not been considered satisfactory.
The Calumet and Hecla company
from 1900 to 1906, inclusive, has paid
to its stockholders a total OF $35 ,0O0.-
900 in dividends. In the same period.
the Amalgamated Copper company has
paid $42, 1926 900, and the Anaconda
s22,650,000. The c. & H. is now pay
ing to stockholders at the rate OF So.
100000 a year, Amalgamated Copper
$12. 100000, and Anaconda $S,400,000
The discovery of the Dry Gulch dig
gings was made in 1877 by John Yer
zan and others, and in the first two
years over 100000 was credited to
the district by Wells Fargo & Co.. as
being sent the refineries through their
Office at Ward Nevada Since that
time the total production has been
between four and five million dollars
According to Mineral Resources OF
the United States" issued annually b.
the United States Geological Survey,
the commercial production of tungsten
ores and concentrates during 1905
amounted to 800 short tons, valued at
s26S.676. as compared with 740 short
tons, valued at 1884, 900. In 1904 and
s92 short tons. valued at $4,000. In
1908
A big deal has just been closed by
which Butte capitalists. represented
by H. s. Clark and Adolph Gorten-
moller. with Lewiston. Mont. parties
became the owners OF the Mcdonald
Coal Creek mines located some ten
miles from Lewiston The Central
Montana Coal company has been
formed and will al once build a rail
read between the city and the mines.
Estimated production OF the Butte
mines for July was 27.l57. 1896 pounds
of copper from 41s.4s5 tons of ore.
This is an increase of nearly 100000
pounds over the June output. but Is
5.Sl9.575 pounds less than for July.
1906. For the first seven months Of
the current year Butte camp has shown
a return OF ISL .6o5.o0 pounds as com
pared with 2l5.s22 400 pounds for the
same period last year. decrease of
34.217 1913. OF more than a years pro
duction.
The action of the copper stocks
throughout the eastern markets OF
late has been quite a disappointment
to the west In several ways. entailing
financial loss and uncertainty. Copper
mining circles are beginning to won
der what the immediate future has In
store
The report OF the Steel corporation
for the quarter ending June 30 last
showed net earnings OF s45. sos. 105.
as compared with sss.l22.4s2 for the
<,,.a..a- ,rd;p0 March II 1907 and