The Garland globe. [volume] (Garland, Utah) 1906-191?, 1907-11-09
MIN Els AND MINING

Waterman being left at the noted
Thunder Mountain property.
The oil excitement at Payette,
Idaho. Is undated, and the pros
pectors expect confidently to find not
only oil but gas in paying quantities.
The treasury department on Octo-
Der 2S purchased 100000 ounces OF
silver at 60.941 cents per fine ounce,
to be delivered at New Orleans and
lOO,o ounces in San Francisco.
Edwin p. Ryan. who has achieved
remarkable results at Guanajauto,
Mexico, was graduated from the Mex
lean College of Mines only seven
years ago. He has introduced the
cyanide process In silver reduction.
The opinion is growing among the
people, and mining men particularly
who have studied the ground, that
the country surrounding Weiser,
Idaho, on the north. is vast mineral
belt, recent discoveries strengthening
that belize.
Notices posted about the Calumet
and Hecla copper mine works an
nounce reduction OF wages on De-
cember / of 121s per cent, approx
mately equal 20 the increase granted
early In the year. The reduction af-
fects $500 men.
Regardless of the fact that the big
copper companies of Ely. Nevada,
have put into effect their policy OF
discharging foreign laborers and maxi
IL. III OF, intl,, rap
there is general shortage Of first
class labor in Ely.
J. Robinson. the Indiana and Ohio
oil field man, urges all Utah and
other operators In the Virgin field to
whoop things up, as he Is certain that
the Twill have strong and ready
market for every drop of oil they can
produce without wait. .t,
The production of gold in the United
States during 1906 was 4,565,330 fine
ounces. of value of $94 1873, 800; the
silver production amounted to 56,5l7,-
900 fine ounces, of a commercial value
OF $3S,256, 400. The production OF
these metals for the preceding year
was sss,l90,70O gold and $34,221.97b
silver.
That the usual dividends of the
May Day and Uncle Sam Consolidated
companies will be posted this month
was the positive assertion of the man.
sgement of both corporations last
week. Both properties are shipping
regularly and both have treasures
that can meet the payments without
feeling 1t at all.
The mines and leases Of Goldfield
have added $1O.000,000 In gold to the
wealth of the world during the year
ending October l. and have paid, In
profits and dividends, Si,2S1.0 The
production includes the richest single
carload Of ore ever shipped from a
mine. This shipment brought on the
market 1884 .24611.
The smelters of the Salt Lake val
ley hereafter will be forced to do all
mulgated last week by the railroad
companies should stand. The COM
panies are of the opinion that when
they have delivered the cars into the
smelter yards, they have done all that
could be demanded from them.
Secretary Taft rode to the Ameri-
can mine. east of Baguio, p. l., one
day last week, over a precipitous
mountain trail which drops 1000 feet
within distance of four miles. He
inspected the Clarke mine and mill
and the Laffan mill. Addressing the
American miners, he said he hoped to
secure needful reforms in the mining
laws.
The directors of the United States
Steel corporation last week declared
the regular quarterly dividends OF 1%
per cent on the preferred stock and
one-half of / per cent on the com
mon. The earnings for the three
months ended September 30 were
! S43,304,2 S5, an increase of $3.50, SCI
as compared with the same quarter
last year.
The news comes from Cananea,
Mexico, that the Greene-Cananea
Copper company has determined upon
complete shutdown of it's mines.
cCncentrator and smeltel at Cananea.
This action will mean the closing
down of all but one or Two others OF
the fourteen operating properties In
that district. over 5000 men will be
thrown out Of employment
1t is considered likely that in view
OF the present adverse money market
'conditions that a reduction may be
made in the next quarterly dividend
OF Butte Coalition, although the COM
pany has enough money ia us treas
ury to make the payment Recent
| buying OF the stock has been for
strong account and the books snow
the shares more widely scattered
d than ever before.
The report that the Nevada Consoli-
dated copper mine has closed down Is
officially denied 1t IS still in full OPP
GRAFTON. The development work, how
ever, has been so far advanced, 1t Is
stated officially that there is now
| ~ uUO uOn tnnu nT ORC ip gioht .aadN-