The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1907-08-02
MIN Els AND MINING

/ was S,fUO,Vuu pounds.
Interest In the new oil strike In Viz.
gin valley, Utah. which has been
made in the last fortnight, has stirred
oil men in the west TO much enthu.
siasm.
The damage to the Hannipah mines.
near Tonopah, Nevada, by the recent
fire was much less than at first report.
ed. The damage will not exceed
$1,000.
The Little Florence of Goldfield
one day last week transferred to a
local mill $1,000 pounds of ore that
is valued at $40 per pound, The lease
is producing $4,000 day.
The rumor of rich strike of ore in
the new shaft of the l. c. Mining
company. near Bellevue, Idaho, has
been fully confirmed. A mill Is to be-
erected at the property at once.
The Creole mine, close to the old
Lincoln. in Beaver county, and which
has been shut down for nearly twenty
| years, has taken on new life and a
carload of rich ore Is being taken out
per week.
One hundred and fifty American
employees of the Arizona Copper com.
pany's smelter. at Clifton, Ariz., are
on strike for an increase of so cents
a day in wages. They have been get
ting So a day.
The values from the Nevada Fair.
| view rich streak ran In gold and sill.
| yer as follows: Gold, .SS ounces sill.
YER, 349.1 ounces; the second as
sayed 1.o4 ounces gold, and 1884
ounces silver to the ton.
A Boston dispatch says buyers con-
tinue to fight present copper prices
and demand another concession be.
fore they with enter the market gener-
ally. 1t would not be surprising il
some of the independent producers
not affiliated with United Metals maize
further concessions In the hope of get
ting business.
The DAILY West at Park City has
found new body of ore on the 1850
foot level. while in No 3 stope just
above the 900foot level seven-foot
vein has been discovered Men have
been put to work on the latter vein.
after having been taken away from
there two years ago, owing to appar-
ent non-paying ground.
A contract for 350.foot tunnel has
just been let by the Nevada Hy-
draulic company at Tuscarora, New.
This will do away with long and
expensive flume, expensive to build
and expensive to keep in repair. Mod.
ern hydraulic machinery has been
purchased, and the plant is being rap
idly put in shape for work.
Amalgamated Copper has on its
books the names of more individual
shareholders than probably any other
mining company In the world-18,000,
with average holdings of sixty-five
shares each. Nipissing Is next, with
10000, averaging 1874 shares each.
Utah Consolidated is third, with 2,400.
averaging 125 shares each.
One Of the biggest mining deals in
the history of Colorado, which has
been pending for year or more IL
the sale of the leading mines on
Quartz Hill to the Newhouse tunnel
people. Upward Of $5,000,000 Is In
voled These properties comprise the
main portion Of Quartz Hill and have
combined record of more than
$10,000,000
Salt Lake men who recently In
spected the coal deposits In the Teton
valley, Idaho, are enthusiastic about
what they saw They claim that
there is more coal in the Teton valley
than the Hartman lines could burn
in fifty years, and II the Oregon Short
Line does not build railroad into
the district the line will be built by
private parties.
The Higginson lease has struck cop
per values. On the 230-foot level,
winze Is being sunk on the vein and
the values are increasing rapidly, says
the Goldfield News. A selected sam
pie taken from undetermined streak
at the bottom of the winze assayed
1902 geld, So ounces silver and 5 per
cent copper. The entire face carries
per cent copper
The King Edward Mining company,
of which Samled Newhouse Is presi-
dent, operating in the Cobalt camp,
has 100000 worth of ore ready for
the market. This consists Of 5000
sacks, of which 400 to 500 contain
first.class ore, running from 1000 to
1000 ounces to the ton, and 800 to
1000 sacks of second-class ore aver
aging about $50 ounces to the ton.
Calumet and Hecla issues its an
nual report for the year, showing net
earnings of $11 ,297,39O and surplus
of over 81 100000. The statement fol-
lows: Assets, cash and copper, S.
ATT 100; notes, bills receivable, ST.
2S1 768; development fund, etc, s45..
145; insurance fund, $953,340; total,
$8757,444; liabilities, drafts and bills
payable, s1,72S,502; total, $1,72S,502;