The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1907-03-22
MINES AND MINING

2 NI o. ANN.H N.'NNN. IN"N WIN aN''NNNA o."
regular quarterly dividend Of Sii25o0.
or 30 l..c per share
Eastern duauclcr- are watching tho
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
depreciation OF si3l3i2255 in mar.
kct price AZ compared with the high
price record Of Jan
The statistics collected by the Iron
Age show the output for February N
coke and anthracite pig iron amount
ed to 2.Oij.O6S tons. as compared
with 2.2O5GO7 gross tons In January.
Indications from the achievements
thus far this month are that the
March output Of pig iron aud Of I'm.
ishcd products OF the larger producer
will exceed the banner record Of Oc.
tobcr last
The sheet and tin plate mills ara
running under tremendous pressure
There H. some talk of advances In
prices. but It .s we'll Understood that
the leading Interest IL opposed to any
such action
The establishment Of the Schwab
| smcltor at Ash Meadows. though
thirty miles from Beatty. will be a
| help ~ this camp because II will be-
the natural distributing center for the
supplies used by the smcltcr
Assays received by the officials of
the Lakeside Copper company last
week show tl2 In gold. 80 ounces In
silver and 2S9 per cent In copper
The property IL located near Promon
tory point a short distance from og
den 81
Blg deals and big strikes arc Of al.
most daily occurrence In the new
camp Of Mizpah. midway between Ely
and Cobrc and four mics from the
line Of the Nevada Northern railroad.
which connects Ely with the outside
world.
The now mill Of the Jennie Gold
Mining company IN nearing compile.
ton rapidly, aud the management OK.
poets. In case railroad delays do not
prevent that this plant will be- In full
operation by the last Of the present
month
a lycdrill Rand compressor plant.
with full complement OF drills. elec.
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
at Yerington
Pine Grove district, In Beaver
county. Utah, is becoming active In
a manner bchttlng It's 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 MSFaddon. an attorney.
tsrmerly 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 a consideration
Of $4,000 The Claims are In stcptoe
creek, Nevada
In the Wood river section Of Idaho
the quincy Junior. company has been
working on the Red Elephant A now
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 talk
INK out some nice galena and carbon
ate ore.
The Inspiration mine at Globe. Arl
zona. has been sold to the Lewisuhn
interests for approximately S3OOOOOO
constituting the largest deal ever
made In the Globe district The Gen
eral Development company Adolph
Lewisohn. president. aud j. Parke
! Charming. consulting engineer, Is the
I purchaser.
} For consideration that ls known
to run well above 100000. Or. w. S
/ Phillips Of Chicago and u. s. Ioyt
+ of Touopah have purchased from Me
Cormlck a sohwab the townsltc Of
Z Beatty and the Montgomery hotel
property This means that AN the
unuccupled lots Ia Beatty are turned
over 10 Phillips and lloyt
wild excitement has hrokon loose
as a result of tho discovery OF nam
moth lodges Of rich copper ore 1--WE
ar six miles north and "a little west
{ Of Acme % small station ON the Colo
-.H. F.Y.,V ruIIrAnI and NIr4.II.