The Garland globe. [volume] (Garland, Utah) 1906-191?, 1907-08-03
MINES AND MINING

was 100000 pounds.
Interest in the new oil strike in vir-
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 $4,000 pounds of ore that
is valued at $40 per pound. The lease
Is producing $4,000 a day.
The rumor of rich strike of ore In
the new shaft Of the I. G. Mining
company. near Bellevue. Idaho. has
been fully confirmed 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 n
carload of rich ore is being taken out
per week "a
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 81 day.
The values from the Nevada Fair.
view rich streak ran In gold and sill.
yer az follows: Gold, .SS ounces; sil-
yer. 349.1 ounces: the second as
sayed 1.04 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 will enter the market gener.
ally II would not be surprising IL
some of the independent producers
not affiliated with United Metals made
further concessions in the hope Of get
ting business.
found new body OF ore on the 1850
foot level. while in No. stope just
above the 900-foot 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 35O-foot tunnel has
just been let by the Nevada Hy-
draulic company at Tuscarora, New
This will do away with long and
| expensive aume. expensive to build
and expensive to keep In repair. Mod
ern hydraulic machinery has been
purchased, and the plant is being rap
idly put I'm shape for work.
Amalgamated Copper has on It's
books the names of more individual
shareholders than probably any other
mining company in the worlds. 900.
with average holdings OF sixty-ive
shares each. Niplssing Is next, with
10000, averaging 1874 shares each.
Utah Consolidated is third. with 2,40O,
averaging 1876 shares each. -
| One Of the biggest mining deals
the history of Colorado, which
been pending for a year or more.
the sale Of the leading mines d
Quartz Hill TO the Newhouse tunne
people. Upward OF $5,0OO,000 Is in-y
voled. These properties comprise the
main portion OF Quartz Hill and have
a combined record OF more than
$40 .000.OO0
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 bur6
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. ~
Wine is being sunk on the vein and
the values are increasing rapidly. says
the Goldfield News. A selected sam
pie taken from a nineteeninch streak
at the bottom of the Wine assayed
5000 gold. SO ounces silver and 8 per
cent copper. The entire face carries
4 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 1900
sacks, of which 400 to 500 contain
firstcass ore, running from 1000 to
1000 ounces to the ton, and 500 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 $50 and surplus
OF over 100000. The statement fol-
lows. Assets, cash and copper, &c.
477,l90; notes. bills receivable, 81
2sl, 7Gs; development fund, etc. S45.-
las; insurance fund, $953.340; total,
SS,757,444 liabilities, drafts and bills
payable, st,72S.502; total. $1,72s.5
surplus, s7O2S,942.
j. A. CZizek, ex.state mine inspector
of Idaho, says II Is almost impossible
N Saeura p,inara aunn.,h N ,ynrl IN.