The Garland globe. [volume] (Garland, Utah) 1906-191?, 1907-05-11
MINES AND MINING

at a depth of 405 feet.
The mining outlook for HALEY and
vicinity is brighter this spring than
It has been before in fifteen years.
A membership on the Salt Lake
Mining exchange sold last week for
$500, the highest price for several
years.
The average price of electrolytic
copper as figured by the Engineering
and Mining Journal for 1906 was 49,.
27S, while Lake averaged 1866 cents.
Regular shipments are being made
from the Croesus, at HALEY, Idaho,
and 1t is estimated that there is over
100000 of high-grade ore In sight.
A bid of 25% cents was made and
refused in Boston one day last week
for several million pounds of copper
deliveries extending over two or three
months.
Heinze, the Montana plunger, re-
Gently paid 100000 for the Gold Hill
mine, in Deep Creek, and is preparing
to erect an immense reduction plant
for the property.
| There is quite boom in the loca-
| ton of mining claims along the Birch
| creek and Lost River ranges, In Ida
no, and some very promising discov-
cries are being made.
The closing down of the mill at the
Honorine, of Stockton. as result OF
the accident to the big engine, will
not affect operations at the mine
That will be kept running full handed
The Montgomery Shoshone, long
heralded as the best mine in the Bull
frog district, has again struck rich
ore, this time in the bottom of the
triple compartment working shaft, at
q depth of 44O feet.
BY purchasing an extended line of
powerful and up-to-date equipment,
the Yerington Malachite Copper com.
pany has taken the first step towards
turning daylight into the depth of its
Yerington possessions.
At the Horseshoe creek coal field,
twenty-five miles east of st. Anthony
In Fremont county, Idaho, important
developments are now in progress and
the past winters work has produced
some flattering results.
| A big copper strike has been made
on the Joe Moore shaft, at Dolly Var.
den, at a depth Of 115 feet The as
says have not been returned, but 1t
Is believed that the values are the
highest yet found in the camp of Ely.
During March there were $4,000, 900
pounds Of copper exported from the
United States at an average price Of
24.6 cents per pound, or exactly one
cent more than obtained for the o..
100000 pounds exported in February.
The Moscow Mining and Milling
company has been organized by prom
inent Utah mining men and capt..
alists to take over the Burning Mos
cow and additional territory In the
noted Star District Of Beaver county
Utah.
| The copper metal market Is rising
in strength, both as respects the metal
and copper stocks. All the big produ-
GERS are holding firmly at highest ask
ing prices. and all bids OF even a frac-
ton under these prices are turned
down.
The POtosi mine at Silver City, Ida
no, Is showing up well. Extensive
development work Is being done on
this property, which is one of the
Oldest mines in the camp, but which
has been idle for many years, until
recently.
The best news that has come from
the Carrie Mack property of Dugway
for many a day was received by the
Salt Lake officials of the company last
week, and 1t brought the word that
strike of very fine proportions had
been made.
Recently the Tonopah company, of
Tonopah, Nevada. paid its regular
quarterly dividend of 80 cents share,
aggregating $35O,O0O. 1t was officially
announced that the next quarterly di-
vidend will be so cents a share, or
100000 In the aggregate.
The manager of the Pittsburg-Sil-
yer Peak company's properties at
Blair, Nevada, reports that the mine
is opening up in manner that al
ready assures its being ranked as the
biggest gold mine in the United
States. Work on the new 100-stamp
mill Is being pushed as rapidly as day
and night shifts can do the work.
The constant draft on the Economic
force" of the geological survey made
by the large mining organizations
which offer the government experts
much larger salaries than they get
from the government, is seriously i'm
| pairing the efficiency of that branch