The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1907-10-31
MINES AND MTN7,s,'' MTi,,'

ore from Beaver county. 'A'pDea
The average price Of spel,., !.
York during the ten years era,' ~
1906 was 5.oSc, equivalen, as u
4'ssc, st. Louis, but the gens,a, y az
has been upward, because =, ~, =, u'
creasing cost of production ae
So extensive has been ~.
and the drain for teams IN ~ usna' 10
citement center of southern +, n,.V ~
the Utah Indian Peak coms Uan
not secure means Of hauling ~
silver ores to the railroad t,..s : ~
Eight men are at the old orn,
land property at Osceola, Nev,S.
they are taking out a fine cna,. aus
gold ore. Plenty of high.grada
has been placed on the dunn -
the mill running for several r
The mill will be kept working an
ter.
ine u'rec.ors OF the Calunet
Arizona will meet about tho oa,s
November to declare the ouar,o,s
idend. II is believed that ,ho
terly rate will be reduced to A. ~.
great deal will depend upon M
dition of the metal market durins
month.
From Aura, Nevada, coma, !,
news of a strike In a region ,b,, !,
been generally considered as h,,
ground. Prof. Griswold of tbe o.
School of Mines of Missouri is m.
the principal owners. The ledre i, /
vide one and carries an average VA,
of 81 in gold.
The lost ore shoot in the Sands,o,
mine at Go1dfield, from which IoN,
and Davis and A. II. Mayne took ,N}
600 three years ago, Is believed J
have been recovered in a lease ON NJ
Lotus and Davis block by Webb Pa,
ison and Peter Erbel. -Four feet
ore has been opened which runs Irul
$50 a ton to $4,000.
The coke manufactured in Color,d|
and Utah in 1906 amounted to lad
905 short tons, valued at s4.50s1l3
against 1,37S,824 tons, valued at ID
1857, in 1905. The increase In lsl
was, therefore. 77,081 tons, or Sc ID
cent I'm value. The average Of pdJ
per ton advanced from 1902 in I'D
to $500 in 1906.
The Sultana company, which owl
a splendid lead-silver property abc|
fifteen miles southwest Of Vernon h
Tooele county, Utah, in the rans
skirting the desert, has decided to n
gin operations in a systematic Sl
and make the mines what they ousE
to be, heavy producers Of fine lsil
ores.
While the metals are being 81.
rounded by strange shadows, briugl|
doubt and uncertainty to the minds
all, there is one class of mining tht
Is being pressed forward with ununi
vigor, and that is the coal mining D
dustry. All of the western coal nlne
are being worked to their full q
pacity.
Daniel Guggenheim, president Of w
Guggenheim Exploration eompal!
says the present disturbances In D
financial district is due to a state
hysteria on the part OF the pupA
brought about by the activity OF osl
operators and resulting in the sae'
fcing of securities at far below ha
actual value, needlessly, thoughtlesS
and ignorantly.
John d. Rockefeller has the fol''
ing to say regarding the financial y
uation: 81 think that the exls'lT
alarm among investors Is mol W.
ranted, and l hope the good conn.
sense of the American people VIII y
troll the situation. Personally NV
absolute faith in the future OF inc =
ues of our securities and the sOu'
ness Of underlying conditions
American copper producers aie =
posing of some of their surplus y,
duction through the London melai
change, selling standard warranS
that market against deliveI1es Oh J.
trolytic from America. The low pI
thus far recorded in electroiyu' !
12% to 12hc. the latter beng !
price for most OF the business :
week.
1t Is necessary to go back ~
many years to find a paraliel w
present extreme slump In inc "a /
market. Those who witnesses
panic of 1873 state that 1t was ~. =,
prolonged or severe In the s'ous ~, !.
ket as the present decline a''nv.S s,a,
unlike this movement, 1t was a 4
panied by widespread commerce. aa.o,
aster. of which there Is no V
now. -.
With a capital stock of slOO'uVg,
vided into shares of the vaiue ,,',,,
cents each, the Jessco Goiu a /
company Of Ogden filed aruci0s !, 4.
corporation with the secretary :, "a d
last week. The company o" .ryo
mining claims in Thistieoe'''
Weber county. "a,
The Utah Standard Oh e .s t
-, - non 600 shares :