The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1907-12-05
MINES AND MINING

| 503 shares Of stock, with selling val.
ue of SO ,555, 1856 II, changed hands.
Fire in the Shattuck Arizona mine
at Bisbee, Arizona, has already caused
$4,000 damage, and all of the open.
! ings of the shaft have been bulk
| headed In an endeavor to smother the
| flames
After many vexatious delays the
manager nj the Boston Nevada com
pany has the old Whitney mill, at
Osceloa, New, in running order, and
is now grinding out fifteen tons OF
first-class gold ore daily.
Recent Salt Lake advices are to the
effect that for the current month the
Utah Copper company will report
refined output Of approximately 3,000,-
| 600 pounds, secured from the daily
treatment of 300 tons of ore.
On direct orders from Samuel New
| house the Cactus mines and milling
plant of the Newhouse Mines &c Smell
ters corporation are to be operated at
capacity again and Superintendent A.
! d. Moffat is now marshaling his
| forces.
Out Of three wells in the Virgin
| field that have reached the first
| stratum, all three have struck oil.
Several other wells should have been
to this initial straum long ago had 1t
not been for misfortune in handling
/, the equipment.
The production of both gold and
silver in Arizona in 1906 was in ex-
cess of that in 1905, according to the
statistics collected by the United
States Geological survey. The gold
production amounted to $2964,683, an
increase of $165,469.
One mining section of Idaho that Is
dency throughout the country is the
| Spring Mountain district of Lemhi
county. There are eight producing
mines in the district, the ores carry
ing lead and copper.
The directors of the Goldfield Con-
solidated Mines company, after ex-
tended discussion of conditions, both
local and general voted to pass the
dividend for the current month. This
| conclusion was the result mainly Of
local labor conditions.
! That the new concentrating plant
of the Ohio Copper company, when
ready for commission, will illustrate
perfection in the modern metallur-
gist's art is the opinion of David
Keith, president of the Silver King
Coalition Mines company.
The value of the coal used In the
manufacture of coke in 1906 was $685.
i 232,524, compared with s50,G14,674 in
| 1905, considerable difference in
value as compared with quantity. In
! 1905 the average value per ton was
s1.02, and in 1906 1t was s1.12.
In recent months there has been
quite a falling off in the imports Of
diamonds produced originally in South
Africa, Brazil and elsewhere, and sold
/ largely through dealers in Great
Britain, Holland, Belgium and France.
Reason for the smaller demand may
be found in the reaction in business
generally.
The Hannapan Mining company,
which has been developing Its prop.
erty at Hannapan, about eighteen
miles east of Tonopah, for the past
five years practically without inter-
ruption, has closed down for lack of
! funds. and the entire force OF work
men were discharged with three
months wages due.
The Iron Trade Review says: With
Improvement in financial conditions
there is more hopeful feeling in the
iron trade, and there is also increas-
| ing confidence that when bottom
/ prices have been struck there will be
a buying movement of considerable
volume, but In actual transactions
there is little improvement.
The curtailment of raw iron produc-
ton, which is the first step toward
| reducing the output of finished iron
and steel. has started in sharp and
decisive way. 1t began in the last
week of October and up to date over
fifty furnaces have been blown out,
reducing the weekly productive ca
pacity for pig iron 10 per cent.
| Ore and bullion settlements in the
| Salt Lake open market for the past
month, as reported by Mccormick &
Co., amounted to $1,929.000. as COM
pared with $3,012.O00 for the month
! previous. The falling off is due en-
| tirely to the tight money situation and
! the refusal of smelling companies to
accept the usual tonnage of ore.
Statistics collected by the United
States Geological survey show that
Colorado still outranks any other
state or territory in the Union, in
GLIDING Alaska, in the production of
the precious metals, despite the fact
that the gold production of the state
in 1906 fell short nearly $2.000,000 of
that of 1905, the precise figures be,
ing, output $2S.21O,629, decrease ST.
S13,S44.
A report is current that the oil
strike in the Cedar City company's
well in the Virgin river field is fully
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