The Citizen. [volume] (American Fork, Utah) 1903-1912, 1907-03-16
MINES AND MINING

change last week, a total Of 334,524
shares of stock, with selling value
of $347,317.4S, changed hands.
strike of ore at the Seven
Troughs Wonder of unusual magni.
tudo has every appearance of having
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
will be open April / and will 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 meeting in that
camp last week and posted a dividend
of 10 cents a share or a total amount
OF $4,000.
The Ely Arch Copper company was
organized at Ely, Nevada, last week.
with n capitalization of $4,000, 900. for
the purpose of developing the Arch
copper group located near the Ely
Calumet companys properties.
Utah Consolidated Copper has de-
clarcd a dividend OF sl.25 per share
and an extra dividend OF 25 cents
per share. payable April Is. Books
close March Is and open March %.
Hereafter dividends will paid January
lo,.April 10, July Is and October Is.
Salt Lake and Michigan talent has
just purchased four full claims in the
ferington 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.
cided upon. II was decided that the
development of the property had
reached 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.
He now has 10000 tons of ore on
hand, valued at over 500, 600 and with
contracts which he has entered into
he can run continuously on even lar.
ger quantities. The smelter will EN-.
ploy nifty men at the start.
Legislation affecting the reported
enort of the Calyumet e. 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 one
company from voting the majority of
stock In another was passed
Recently strike was made in the
main working tunnel of the White
Pine, near Cherry Creek, Nevada,
which returned values of $40. 20 to
SlS2 In gold per ton, the former be.
ing grab sample of the whole breast.
Although the tunnel Is now about 80
feet further In than when the ore was
exposed II still holds its own.
Another new Nevada strike is re-
ported, the find being made at a
blind station on the railroad between
Lunng and Thorne. called Acme
Copper lodges from ten to ninety feet
In width, that can be traced for five
miles, have been found. Assays that
have been made show the ore to be
from 90 TO 40 per cent copper.
OF late years the leading copper
interests have been paying consider.
able attention to huge concentrating
copper propositions, and It is very evi-
dent that by 1908 these companies
viii cut considerable figure In copper
III a.NA