The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1907-03-21
MINES AND MINING

Eastern financiers are watching the
development of Utah and Nevada
mines closely and western mining
stocks were never in better favor In
the east than at present.
Low prices for thirty-three leading
listed Boston copper stocks show a
depreciation of $lS1 SAP, 255 in mar
ket price as compared with the high
price record of Jan. 1.
The statistics collected by the Iron
Age show the output for February OF
coke and anthracite pig iron amount
ed to 2.045.06S tons, as compared
with 2,205,607 gross tons In January.
Indications from the achievements
thus far this month are that the
March output of pig iron and of fin.
ished products of the larger producer
will exceed the banner record of Oc-
tober last.
The sheet and tin plate mills are
running under tremendous pressure.
There is some talk of advances In
prices, but 1t is well understood that
the leading interest Is opposed to any
such action.
The establishment of the Schwab
smelter at Ash Meadows, though
thirty miles from Beatty, will be a
help to this camp because 1t will be
the natural distributing center for the
supplies used by the smelter.
Assays received by the officials OF
the Lakeside Copper company last
week show s12 in gold, 2.S ounces in
silver and 2S,9 per cent in copper.
The property is located near Promon-
tory point, short distance from Og-
den.
Big deals and big strikes are of al
most daily occurrence in the new
camp of Mi2pah, midway between Ely
and Cobre and four miles from the
line of the Nevada Northern railroad,
world.
The new mill of the Jennie Gold
Mining company is nearing compile
ton rapidly, and the management ex.
poets. in case railroad delays do not
| prevent, that this plant will be in full
operation by the last of the present
month.
A five-drill Rand compressor plant,
with full complement of drills, cleo.
trio motor and whole lot of other
machinery, was loaded Monday at
| Salt Lake for shipment to the prop
critics of the Mason Valley company
Mt Yerington.
| Pine Grove district, in Beaver
county, Utah, is becoming active in
manner BETTING its merits, the Sun
Mining company being the last com.
pany owning property there to get to
work upon the same in the most
earnest fashion.
| Clarence McFadden, an attorney,
formerly of Salt Lake, has sold to
Allen Adams, OF Atlantic City, N. j.,
a group of six claims running high in
lead and silver, for consideration
of $4,000. The claims are in Steptoe
creek, Nevada.
In the Wood river section of Idaho
the Quincy, Junior, company has been
working on the Red Elephant. A new
deposit of fine galena ore four feet
thick has been opened. The Croesus
has a mine and mill, and is doing
some good work. The Eureka and
Bullion also are being operated in
small way.
The Muldoon district of Idaho,
which has been closed down for years,
has been revived by Chicago capital
lists. who last fall started in on the
Belle of the Mountains, the Muldoon
and the Mutual, and have been work
ing steadily all winter. They are TAX
ing out some nice galena and carbon
ate ore.
The Inspiration mine at Globe, Ari-
IONA, has been sold to the Lewisohn
interests for approximately $3000,000.
constituting the largest deal ever
made in the Globe district. The Gen
eral Development company, Adolph
Lewisohn, president, and j. Parke
Charming, consulting engineer, is the
purchaser.
For a consideration that is known
to run well above 100000, DR.. w. s.
Phillips of Chicago and Il. S. Hoyt
of Tonopah have purchased from Nc
Cormick & Schwab the townsite of
Beatty and the Montgomery hotel
property, This means that all the
unoccupied lots in Beatty are turned
over to Phillips and Hoyt
Wild excitement has broken loose
as a result of the discovery of nam
moth lodges of rich copper ore five
or six miles north and little west
of Acme, a small station on the Colo
RADIO & Carson railroad, and directly