The Garland globe. [volume] (Garland, Utah) 1906-191?, 1907-03-23
MINES AND MINING

a oi n NitS, o'ohf i"e' WYNN h~pN>N 49,
regular quarterly dividend of $112,500,
or 81 1.2c per share.
Eastern financiers are watching the
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 sl31,342,255 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,O45,O6S tons, as compared
with 2,2O5,6O7 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 DC.
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
help to this camp because It 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 $12 in gold, 2.3 ounces in
silver and 2S.9 per cent in copper
The property is located near Promon-
tory point, a short distance from Og.
den.
Big deals and big strikes are of al.
most daily occurrence in the new
camp of Mizpab, midway between Ely
and Cobre and four miles from the
line of the Nevada Northern railroad,
which connects Ely with the outside
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 a 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
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 MSFadden, an attorney,
rermerly 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 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 mine and mill, and is doing
Bullion also are being operated in a
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 100000,
constituting the largest deal ever
made in the Globe district. The Cen
eral Development company, Adolph
Lewiston, president, and J. Parke
Claiming, consulting engineer, Is the
purchaser.
For a consideration that is known
to run well above 100000. DR.. w. s.
Phillips of Chicago and e. S. Hoyt
of Tonopah have purchased from Nc
Cormick A. 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 man
moth lodges OF rich copper ore Ave
mr. eix miles north and n little west