The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-11-07
MINES AND MINING

Vi eoroonate lead and silver orc r..
tiecia is one Of the steady shinnars :,
pre- from Beaver county. y
The average price of speltar =, ~,
YORK during the ten years endino LII
iso6 was 5.03c, equivalent 70 49,,
e'-eSc, st. Louis, but the general So
mas been upward, because of the ~
ereasing cost of production "
so extensive has been tho sau,
and the drain for teams in tho oiI =.
ai'emeht center of southern Utah tba,
me utah Indian Peak company can
uot secure means o&hauling its lead.
SILVER ores to the railroad tracks
Eight men are at the old c,,,,,hu
iand property at Osceola, Nevada ana
trey are taking out a fine quality Of
gold ore. Plenty of high.grada strgs
mas been placed on the dunn to Laan
the mill running for several montbe
me mill win be kept working all win.
ter. go " AZ
The directors of the Calumet e.
will meet about the 20th ~
November to declare the quartely div.
idend. 1t is believed that the quar-.
terry rate will be reduced to 81 b,t a
great deal viii depend upon the con.
lltlon Of the metal market during next
FROM Aura. Nevada, comes tho
news OF strike in a region that has
'een generally considered as barren
round. Prof. Griswold of the State
school of Mines of Missouri is one Of
he principal owners. The ledge is a
vide one and carries an average valua
If 81 in gold.
Inc lost ore shoot in the Sandstone
nine at Goldfeld, from which Loftus
nd Davis and A. H. Mayne took s4Oo..
oo three years ago, is believed to
ave been recovered in lease on the
-oftus and Davis block by Webb Park.
son and Peter Erbel. Four feet of
re has been opened which runs from
60 ton to $4,000.
The coke manufactured in Colorado
nd Utah in 1906 amounted to 1.455..
10 short tons, valued at s4.504.748.
gainst 1,378,824 tons, valued at 81.
57,517, in 1905. The increase in 1000
as, therefore, 77,0S1 tons, or Sc per
emit in value. The average of price |
Or ton advanced from 1902 in 1905
5000 in 1906.
The Sultana company, which owns |
splendid lead-silver property about |
fteen miles southwest of Vernon. in
ooele county, Utah, in the range
ilrtlng the desert, has decided to be-
n operations in systematic way
Id make the mines what they ought
be, heavy producers of fine lead
eS.
While the metals are being sur
unded by strange shadows, bringing
ubt and uncertainty to the minds of
|, there is one class of mining that
being pressed forward with unusual
gor, and that is the coal mining in.
stry. All of the western coal mines
e being worked to their full ca
city.
Daniel Guggenheim, president of the
Exploration company,
Us the present disturbances in the
ancial district is due to a state of
sierra on the part of the public
ought about by the activity of bear {
orators and resulting in the sacri-
ng of securities at far below their {
ual value. needlessly, thoughtlessly {
l ignorantly. {
Tohn D. Rockefeller has the follow. ,
to say regarding the financial sit t
ion: II think that the existing /
rn among investors is not war a
ted, and L hope the good common c
se of the American people will con- /
the situation. Personally | have a
dilute faith in the future of the val
of our securities and the sound E
S of underlying conditions" q
merican copper producers are dis N
ing of some of their surplus pro- Il
ton through the London metal ex- I
|
market against deliveries of cleo. q
ytic from America. The low price Il
5 far recorded in electrolytic is
, to 121ac, the latter being the =
e for most Of the business last y
k. -
Is necessary to go back a great :,
~ years to find a parallel for the =,
tent extreme slump in the stock a,
ket Those who witnessed the m
e of 1873 state that it was not &C
onged or severe in the stock mar. OF
as the present decline, although. n
ke this movement, it was accom- c,
ed by widespread commercial dis m
r, of which there Is no evidence dc
it'll a capital stock of 100000, d. WI
d into shares of the value OF 10
5 each. the Jessco Gold Mining We
nany of Ogden filed articles of in WI
grafton with the secretary of state m'
week. The company owns Jour XII
ng claims in Thistleberry canyon. iul
er county. ue
e Utah Standard Oil company, ,"
a capital of 100000 shares, the
ialue of the shares being 81 each. an
which owns and controls about CO
acres of patented land. bought di. To-
from the state of Utah. has filed ro'
les Of Incorporation with the sec, IL
y of state. o''
ere is at least one company oper-
a copper mine that fears neither
nor conditions surrounding cop al