The Lehi banner. [volume] (Lehi, Utah) 1891-1917, 1907-10-03
MINES ND MINING


1OOO-ton smelter in constant opera.
ton.
The miners in the Yerington. New,
camp have notified the operating com.
panles that they have no intention OF
asking for a raise in the wage SEIZED.
ule. They claim to be happy and con.
tented as they are.
II may be noted that more than
90 per cent Of the worlds production
of coal Is mined in countries lying
north Of the equator, the countries
south Of the line contributing less
than 10000 900 tons annually.
The Richard Ely, of Ely Nevada, is
operating a churn drill at q depth Of
$50 feet. The slum from the drill hole
indicates a good showing Of copper
ore in the bottom. The hole will be
driven to a depth Of 1000 feet.
Considerable development work is
being done az this time in the Cumora
and Olympia mines, located southeast
of Burnley, fourteen miles from Albion,
| Idaho The company has several car.
loads Of ore on the dump that assays
$3.50 to the ton in gold.
Orders have been given for the clos.
ing down OF the Honerine mine al
| Stockton, Just as soon as the present
supply of coal'is exhausted. A direct.
ors' meeting Will be held October 2lst-
at which a decision will be reached re
garding future operations.
On the Ely mining stock exchange
on the 26th, during a call of exactly
seventeen minutes, 14,500 shares OF
stock were sold of the aggregate value
of $3OO3.25. The selling was brisk
and snappy from the start, continuing
so to the end of the call
The National Development company
Is fathering an oil company that will
undertake the development OF about
1,500 acres Of band in the Virgen City
field. II is announced that a first-class
drilling rig will be landed in the field
at the earliest possible moment.
Bslakalsla copper stock has been
under selling pressure all the way
down to $40 from SIC, the selling orig
mating largely from New York. Some
OF the largest stockholders have let
60, though the Guggenhelms claim to
have their 100000 shares intact.
More salt was produced in the Unit
ed States in 1906 than in any previous
year, and the value of the product was
greater than in any year since 1890
The quantity was 3,944,133 short tons
or 2S,172,3sO barrels, valued at So,
65s,35O q gain of 3Os,s7e tons, or @,
2o6,5ss barrels, over the production in
1906.
iue wUitu piOuu~..~-. IT IN
1902 was 1928 long tons, Of which
2s4423 tons, or 54.S per cent was con
tributed by the United States. Com
pared with the previous year the
worlds output showed an increase
notwithstanding lower prices for the
metal, of S1,O14 tons, or about 6 pei
cent
Coal has been mined at more than
dozen places along the Yukon, and
at some Of these places the mining
has been proftable but no extensive
development of the coal fields in the
Interior has been undertaken and nc
ork was bling done on the coal
claims Of this region during the past
summer.
It Is stated that on the 10O-foot level
Of the Old Peacock mine in the Seven
Devils district in Idaho, the ore body
has widened out until there is now
more than million dollars in sight
The ore IL more than $50 feet wide
and will average eight per cent cop
per, in addition to the gold and silver
values it carries.
What is considered an importan,
phase in the copper situation Is tbs
fact that China is again in the mar
Net for a large volume Of copper, de
liveries TO extend over the next twelve
months. Already European agents fol-
the Mandarins back of the currency
buying movement have secured some
hundreds OF tons for shipment to
Shanghai.
After a full investigation OF mine
conditions and after going over the
ground at the mine, and, finally, after
having completed exhaustive tests on
the ores, Engineer Ernest Gaylord
Of the General Engineering company
has given his stamp Of approval to the
methods employed az the Jennie Gold
Mining company's properties in the
treatment Of the mines product.
A Geneva newspaper states that
Professor Jolly has completed a geo
logical examination of the specimens
of the strata collected In the borings
for the Simplon tunnel. He found
rich traces of radium, indicating
'arger deposits than any hitherto dis.
| covered in Europe He believes that
The presence Of these deposits caused
the abnormal heat experienced in
building the tunnel.
More than 80 per cent Of the total
production Of coal in the United
states from 1914 TO the close Of 1906,
or 3,54O 100000 tons, was mined in
Pennsylvania. The anthracite produc.
ton in that state amounted to 1854,
9O6,OO9 tons, and the bituminous out.
put was 1,695,92G,Os2 tons Illinois
ranks second, with a total production
OF 594, 55l 1853 tons, and Ohio third
with $50 ,j26939 tons
A strike, which Affects only the DAILY