The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-09-26
MINES AND MINING

week TO five cars, or zoo tons. II Is
the policy OF the management to con,
inue steady shipments.
| There is well-defned rumor in cir,
culation to the effect that the Mason
valley Copper, of Yerington, Nevada,
has In mind the erection OF shelter
Tor the treatment of its ores.
The remarkable record for produc.
ton and the wonderful disclosures that
nave been made in the Lost Packer
company's property at Loon Creek,
Idaho. is stirring things up in that por-
ton OF Custer county.
A reduction of IS share i'm the
quarterly dividend of the Calumet a.
Hecla Copper Mining company was an.
nounced on the 10th The directors
declared a dividend of SIS a share.
against $40 three months ago.
Every days development in the Am
erican Fork. Utah. district makes it
more and more apparent that the old
district. which has received such scant
attention for years. is going to rank
up with the best of them in the near
future
The recent oil excitement along the
Virgin river has attracted attention to
all parties of Utah which is rich In oil
and coal. and the Escalante section
Is said to be one of the most richly
| blessed localities for the touch of up
to-date talent
Reports from recent shipment OF
ore made by the Wheeler Gold Mines
company, whose properties are in the
ferington, Nevada, district show that
the shipment was satisfactory one.
netting $40 gold to the ton. or $4,000
net for the car
The action of the Amalgamated com
pany to curtail copper production from
20,000.000 to 100000 pounds of cop
per per month will throw about 5000
men out of employment When the
mines will again resume at fun blast
Is problematical.
The Alta district, twenty-five miles
northwest of Mackay, Idaho. is again
coming to the front. The ores from
there are copper and lead PROPOSE
ton. 1t is an old district, but the peo-
pie have just come to recognize the
fact that II is wonderfully productive
and are fiocking there at surprising
rate.
1t is estimated that there are any
where from 250,000,000 to 100000 600
pounds of copper stored away in the
country awaiting disposition by the
producer. The general production of
the present year is expected to fall
very little below last year. But there
is not the buying activity that there
was last year.
In the Mime Haha copper properties
in the Clifton mining district of Utah.
in the deepest shaft there is fourteen
feet of ore. OF this there is three and
one-half feet carries 90 per cent cop
per, to % ounces silver and from 81
to $14 in gold per ton. There are
several carloads of this character of
ore on the dumps.
1t is said that the oil fields on the
San Juan river can be traced a dis.
lance of fifty miles and at one point
on the rivers bank there is at least
twenty-five barrels per day flowing into
the water which impregnates the
stream and renders the water useless
for culinary purposes for over a dis
lance of three miles
While doing some open trenching
along the vein system of the Columbia
Wedge property at Alta, Utah, an ore
vein was found that averages two feet
In width for the distance opened along
Its strike. Assays made upon this ore
discloses values as follows Silver,
from 100 to $50 ounces; lead, 40 to 40
per cent; gold, 81 per ton.
The Goldfield Mining Stock exchange
and the Goldfield Stock and Exchange
board will consolidated. Committees
from each exchange, appointed with |
full power to act, have made a unani- |
dation. The handsome new stone |
building of the old exchange will be |
the future home of the association.
The directors of the old reliable, Utah |
mine, the biggest little mine in the
United States, last week declared the
regular monthly dividend of per cent,
Or So 900 With this distribution the
company will have paid out during the
present year q cents a share. or s27-
300. while the total disbursements on
dividend account to date amount to
$4,000.
Latest advices from the Wonder dis.
riot, of Nevada, are that a rich strike
has been made In the shaft of the
Nevada Wonder company's property.
At a depth of 300 feet, while drifting
IN an ore shoot. a cross vein was en-.
,ountered measuring eighteen inches
It the point of intersection. The
lew rock, IL is claimed, will average
u 900 to the ton.
Ii is probable that a syndicate will
'oon acquire the aluminium. marble and
,ther deposits owned by local parties
lear Lehi, Utah. The properties con
ain mammoth clay beds. which assay
IS per cent aluminium and Of which !
here are thousands of tons ready for
hipment Also black marble quarries
,nyx beds. deposits OF calcite and a
zig hematite iron blowout. which as
avs so per cent iron and carries val
les In lead. silver and gold.
Three Tintic mining companies post.
d dividends for the September month !
asst week. namely, the May Day. Grand
,entral and Colorado companies. The |
,eck Tunnel company met expecta.
ions and passed. while the Colorado
ompany did not increase its rate. as