The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1907-05-16
MINES AND MINING

eiatihg In the Custer, Idaho sec,;o,,
mas purchased compressor which
will be installed at once.
Three of Tintlc's big mines pos,oa
u'Vidends last week. the Colorado and
the Beck tunnel paying to the stool
noiuers $4,000 each, while the Grand
Central distributed 100000
George Wingfeld, of Goldheld has
received a telegram from his foro.
man at the Three-Queens mine Ca,i-
lornia, saying that single sbnt had
broken down 100000 worth of ore
A statement of the profits of tbe
Hercules mine for 1906 has been aled
with the county assessor. showing
the profits to have been $7S15s419 as
compared with sS75.S4S9O for 1905
The discovery of important nbos.
phate deposits over a considerable
area in southeastern Idaho. south.
western Wyoming, and northeastern
Utah has opened up new industry
in the west.
A canvass of the leading copper pro.
ducers reveals the fact that the de-.
mand is running ahead of the visible
supply and that they are stronger in
their belief that there will be no
price concessions.
In the French Gulch section OF
Montana, where the gold was first
discovered and washed out in that
state, extensive placer operations are
sui in progress. and is paying bic
money to the operators.
A prominent Californian, who has
drilled oil wells in five states. de.
clares the Virgin River oil region to
possess the greatest oil indications he
ever witnessed in any field from Cali.
fornia to West Virginia.
Good reports are still coming in
from the Swan Hilda Extension mine
in the Lee district, Nevada. The di
rectors of the company met here q
day or so ago and raised the price oil
treasury stock to 10 cents.
A good copper mine in the Lisbon
valley, San Juan county, Utah, is to
begin shipping at once. Up to the
present time not pound of ore has
been shipped, the amount extracted
(about 1000 tons) being piled on the
dump.
In well-informed copper circles Il
is generally conceded that Amalgamat
ed copper will earn $2S,000,00O this
year on its product of 100000 pounds
of copper on the basis of "a cents
metal, which would be trifle over Il
per cent on the stock.
The California correspondent of /,
Boston financial agency wires that tn,
Balakala company now has $50 men q
work there, IT'S on smelter cor struc
ton and $50 at the mine. Work a
both places has been retarded owing
to weather conditions.
Owing to inability to arrive at sat
isfactory and an amicable settlement
Of the wage controversy between the
strikers and the company, the Aneri
can Smelling and Refining company
has announced that the plant at Muir
ray will be closed down indefinitely.
The Bunker Hill G. Sullivan Mining
& Concentrating company, operating
q silver-lead mine at Wardner, Idaho
has declared a dividend, No. 116
amounting to $4,000. This is the com
panys regular monthly dividend ant
brings the total amount OF dividend!
paid since January ] to 100000, ant
the total to date, $S,766,00O.
A wonderful strike has been made IL
Willow Creek mines about five miles
southwest of Greenwater, The frs
discovery of Importance was in the
Baltic. The shaft had been sunk blu
eighteen feet when the miners pene
trated the iron Gaping and encoun
tered a rich copper sulphide running
high in both gold and silver.
Half dozen veins of copper ore
running from three feet in width U
nine feet wide, have been uncovered
On a copper proposition in Mexico re
Gently acquired by Nevada capitalists
Average samples from these veins rul
31.62 per cent copper, While plckeC
samples run from 20 to 81 per cen
copper, with good values in gold,
The Tonopah Mining company o
Nevada reports operations for the yea
ended February &c, as follows: Tota
production, $1,649,S92. Net earnings
s1,1O7719. Total net, $1,4S5,52O DE
duct for exploration. etc, $1l,923. Ne
income $1,473,596. Add profits, salt
Tonopah a Goldfeld railroad bonds
S93,S5O. Surplus for year, $l'5Of,44o'
A thousand feet beneath the surface
of the ground at Detroit, Mich, is
solid bed of salt four hundred Zee
thick The tapping of this great bod!