The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1907-04-12
MINES AND MINING

IN iOlDfuuu WIN n view To NNI'hAH''
Seven big producing mines Of tho
Occur dAlcncs since January I. 1907
have paid ln dividends "a total Of 81
$4,000.
The Tucker Mining and Milling
company Of Wallace. Idaho. has been
Incorporated. the capital stock being
100000
The mill at the Dewey mine In
Thunder mountain. Idaho. is to be
started at once and kept In operation
all summer u will furnish en-.
ploymcnt TO fortynvc men.
The National COPPER bank Of Nov
Yorl, expects to open businoss May !.
/ with deposits OF about {2Oooo.OOo
| Elaborate offices are now being nttod
mp In tho Trinity building u Broad.
way.
"a few years ago you could not pull
money into Nevada with a sixteen
horse team. but today you can not
keep capital out with a gatlIng gun"
is the way a prominent mining man
expresses IT,
A spoonful Of ore taken from tho
recent strike In the Ramsey Comstock
melted over a forge yields buttons N
gold and copper that can be hammered
out ON an anvil. bored aud worn as a
watch charm
Dividends Of copper companies for
the FIRST quarter this year are record
breaking. the total for twenty-five
concerns have. since their lncorpora.
ton. paid In dividends the vast total
OF tgi9.7a0iS3
The town Of Rosebud IL enjoying
one of those characteristic Nevada
townsite booms An inside lot that
sold the FIRST Of the year for $50 now
has passed hands at $500. and so
on down the line.
During the month Of March between
$4,000 and $4,000 tons OF ore wore
treated at the milling plant OF tho
Nowhouso Mines A smeltora company,
while 55O tons Of first class ore was
sont direct TO the smoltcru.
All men have been withdrawn from
the underground workings In the
, IIomostako mine. at Lead s. D.. In
consequence Of the presence Of carbon
/. dloNido gas. caused by the Gre which
has boon burning In the milne for tho
I past two weeks.
Z While II ~ not known just how cx-
D tcnalvoly the Standard oil company
. has invested ita millions In the gold
! fields OF Nevada that this great cor
\ poratiun has made several purchases
q and that considerable money ~ now
being spent In exploration work II an
open secret all through, Nevada and
I Utah.
! Alter -,sssl~ a prepAr, lon, the ElF
j mining and stock exchange opened M
Ia doors on April /. The pit was fairll
10 well crowded with mombers Of the cx
n. change aud considerable business wal
IN transacted. Only local stocks wor'
"a traded In. but NEGOTIATIONS are on foo
u to post Goldheld stock ON this ex
4, change
a. Rosebud win not have trouble ovcl
~ the wage scale for miners. Notwith
ID standing few unreliable reports
70 which have been sent out to the offcc
~ that tho miners Of this camp ha'
10 made demands which the OPERATOR
lIH ] 10. "a EmIlTI
h harmony between tho operators AM
or the miners
~ The annual report Of the Utah Con
va solldatcd Mining company for the yea
M ended December 81, 1906. shows nc
ma profits for the year Of s2.S35,OO'
". against 1887 1856 In the previous yoal
10. This is equivalent TO t0i5 per share
~. ngalnat SG.29 share In 1905. A {,
by tai In dividends ~ slG50Q00 q
IN. $3.50 share. was declared.
nc The American Smelling and RenI
f. Ing company will close It's fiscal yea
April 30. and It Is stated here tina
. net earnings will run close TO $4,000
900, including the equity In the earl
- ] luEH OF hWnNlulhIl OF fNNNlhlA'N N"N
panies. The statement may this YET
show the profits derived from m
sale OF United Lead company stock
At the meeting Of the stakeholder
Of the Sullivan Trust company
Goldneld. there was submitted AZ
ratified the agreement OF settlemel
with san Francisco brokers. III
Z agreement provides that out Of Il
! receipts Of the company 40 per ce
=. shall be- paid 10 brokers creditors
. per cent 10 the State Bank and Tru
~ company and 20 per cent 10 be
t tanned by the Sullivan Trust con
tN pany
~ Tho Yerington Npper company h
ise. purchased dfty.horse power gas
on line engine and II will be sent
to the property at Yerlngton at one
The company is planning to begin
u1' deep shaft In addition TO the tunu
''' work now under way.
,iyo A rich strike Of ore has been ma
Il IN the Bur mine at Lewiston, wy
the a sample lot weighing 100 pOunl