The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-03-21
MINES AND MINING


placed that property on a productive
basis.
Shipments from the mines of Park
City during the past weeks were away
below the average in tonnage, ow
ing to the miserable condition OF the
roads.
The Ely. Nevada. stock exchange
win be open April | and viii furnish
quotations on Ely stocks TO the mar
kets in New York, Boston and San
Francisco. after that date
The report that the Annie Laurie
mine had veen worked out is denied
by the management. the declaration
being made that the prospects for the
future are exceedingly bright
There is genuine boom on In
the camp of Wonder. Nevada Won
der was discovered shortly after the
camp of Fairview began to draw the
crowd and is but twenty miles from
Fairview.
Word comes from Goldfeld that
the directors of the Nevada Hills
company had held a meeting In that
camp last week and posted dividend
of 10 cents a share. or total amount
of $4,000.
The Ely Arch Copper company was
organized at Ely. Nevada, last week.
with a capitalization of $4,000. 900, for
the purpose of developing the Arch
copper group located near the Ely
Calumet company's properties.
Utah Consolidated Copper has de-
clared dividend OF sl25 per share
and an extra dividend OF % cents
per share, payable April Is. Books
Hereafter dividends will paid January
| Is, April Is. July Is and October i5.
Salt Lake and Michigan talent has
just pure hased four fun claims in the
Yerington copper belt and organized
/ the Yerington Nipper Copper company
to operate the property which Is To-
Gated in the Mason pass, midway be-
tween the Ludwig and the Ironsides.
/ At the meeting of the Nevada Hills
! company in Goldfield last week, other
/ things of Importance than the declar.
alton of a 100000 dividend were de-
I cided upon. II was decided that the
! development of the property had
/ reached a stage where the installation
/ of an adult compressor plant had be
come justified.
Manager Kadish of the new Utah
smelter at Ogden. announces that
/ the furnaces will be blown In Friday
1 He now has 10000 tons OF ore ON
hand. valued at over 500, 900 and with
contracts which he has entered into
he can run continuously on even lar
ger quantities. The smelter will EN-
ploy fifty men at the start.
Legislation affecting the reported
effort of the Calyumet & Hecla Min
ing company TO get control Of the
Central. Allouez and Osceola copper
mining properties has been launched
in the Michigan legislature. A bill
to prevent the stockholders In on'
company from voting the majority o
stock in another was passed
Recently strike was made in th'
main working tunnel OF the White
Pine. near Cherry Creek. Nevada
which returned values OF $29 30 I,
1882 in gold per ton, the former be
ing grab sample Of the whole breast
Although the tunnel lis now about 81
feet further In than when the ore wal
exposed II still holds its own.
Another new Nevada strike is re
ported, the find being made at |
blind station on the railroad between
Luning and Thorne, called Acme
Copper lodges from ten to ninety fee
in width. that can be traced for fiv'
miles. have been found Assays tina
have been made show the ore to b.
from SIS to 10 per cent copper.
OF late years the leading cope
interests have been paying consider
able attention to huge concentratinl
copper propositions. and Il is very eyl
dent that by 1908 these companie
will cut considerable figure In cope
production. In fact, II Is estimates
that they will be able to add 10000
600 pounds to the worlds output with
in three years. and evidently great
increase this output. says the New
Bureau
The Calumet and Hecla Mimi
company has sold IA 900 900 pounds O
copper for July delivery at 26l
cents per pound In several differen
lots Some of this copper has gon
to the regular customers Of thi
country and abroad. The most OF
has been placed in this country. Tn
company has been enabled 10 Sc
some OF this copper In the open maj
ket to others besides its regular lin
of trade This sale should make tn
lake metal situation very firm 10 tb
end Of July.
There has been new contribute
Of high grade copper ore from III
great county of Beaver added 10 IN
list, and one that promises to ecllps
ali Its predecessors, In the Newbous
Cactus property. ard STEADY shit
ments are now being sent from tb