The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1907-10-24
MIN ES AND MINING

Idaho. In addition to the richness OF
its ore II is free milling and can be
worked cheaply. Timber and water FOL
all purposes is convenient
Adyices from Boston are to the ef'
feet that a prominent copper producer
who is in close touch with the situation
saws Calumet G. IIecla is shipping cop
per to Europe in large quantities in
anticipation of big buying movement.
Excitement is running high over d
report of the richest strike ever made
in the Goldheld district. The strike
was made in the Frisco Goldtield mine,
two and a half miles south of the city,
and the ore is said to assay $15O,O0O to
the, ton.
W II. Clark of the Nevada Hills has
another bonanza at Round Mountain,
thirty miles north Of Manhattan, the
Sphinx. 1t is strictly a gold property,
and absolutely free milling, and mill
is to be installed at once to manufae'
ture gold bricks
acids, aqua regia, or alkaline solutions,
1t can be drawn into fine wire, having
a tensile strength greater than soft
steel. Tantalum is now employed
principally as filament in an electric
incandescent lamp, which was put on
the American market in 1906.
The Amalgamated Copper company
on the 14th declared quarterly divi-
dend of ! per cent, as compared with
a dividend of 2 per cent, for the last
previous year. This makes the annual
dividend rate per cent, as compared
with s per cent the previous year.
According to advices from Goldfield,
a shoot of rich ore has just been en-
countered on the third level of the Req
Top mine in drift which was started
south in the big vein on seam OF
good ore. Samples of the new find re-
semble the high grade of the Mohawk.
There is disposition in certain min
ing circles to contest the legality of
the law passed by the last legislature
regarding the special mine corporation
tax. 1t is claimed by companies own
ing properties, but not now operating
the same, that their organizations are
subjected wrongfully to double taxa
ton.
Pessimism on copper, both as to the
metal and to the different corporation
stocks based on that great commodity,
is apparently on the increase, notwithe
standing that sentiment has ben con
tinuously adverse to copper for many
months. The copper metal marke.
shows no signs whatever of improve
ment.
The capacity of the Sunnyside mill
at Round Mountain has been more
than doubled within the last month
and the daily run is something like
forty tons, with proportionate larger
output in bullion. On the 250.foot
level fine body OF very rich ore has
plainly.
The Ubehebe district, to the north
of Death valley, is to have railroad.
The road will run through Willow
be accessible to all the mines on the
south side of Gold mountain. It will
also be within striking distance OF
Tule canyon, Revenue and the old I'm
Gle Sam mine.
During 1907, according to statements
emanating from Wall street, twenty.
seven railroads have deprecated 1891,
3l9,720, and twenty-three industrials
deprecated to the extent of S343, 1885,
OlS. The Boston News Bureau now
states that during the same period
forty-six copper companies have de.
preciated 26.00O,O0O.
Some remarkably rich ore has re-
Gently been discovered in the Dead.
wood Basin district of Idaho assays
showing as high as $l21 in gold and
silver the veins being large ones.
Specimens Of the ore show rich in lead
and silver, some Of it containing al.
most native lead The claim is 80
miles from Boise, 40 from Placerville
and % from Knox.
l., A. Friedman, the father of the
Seven Troughs district" in Nevada is
to build mill of ten or twenty stamps
in Seven Troughs canyon. The con.
structlon Of the mill will be pushed
with all possible vigor Sufficient water
'"r w." oneration Of such a plant has
been developed. and the development |
OF J"e district will be materially 'ded
upon It's completion.
One Of the most important strikes
made in the Goldfeld district during
the past six months developed a few
days ago on the Victor. adjoining the
Gold Bar on the east and the Hat. one
OF the Blue Bull conpanys claims. on
the west the ore running 500 to tn
Ton.
One thousand tons of ore averaging
floO per ton is the shipping record of
me Montgomery Shoshone for tho
month OF September. This means
valuation OF 100000 in single month
ana II the same shipments are main.
talhed an annual valuation of s1 ooo