The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-04-18
MINES AND MININ e

Seven big producing HihS' VI
Coeur d'Alenes since January /, lSV''
have paid in dividends total OF 81
597, 500.
The Tucker Mining and Milling
company of Wallace, Idaho, has peen
ineorporated. 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. 1t will furnish en-
ployment to forty-five men.
The National Copper bank Of New
York expects to open business May l.
with deposits of about $2o,ooo'ooo'
Elaborate Offices are now being fitted
up in the Trinity building, IL 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 gatling gum
Is the way a prominent mining man
expresses it.
A spoonful of ore taken from the
recent strike in the Ramsey Comstock
melted over forge yields buttons OF
gold and copper that can be hammered
out on an anvil, bored and 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 incorpora-
ton. paid in dividends the vast total
of 49,739,1S3.
The town of Rosebud is 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 $1,000, and so
on down the line.
During the month of March between
5000 and $4,000 tons of ore were
treated at the milling plant of the
Newhouse Mines & Shelters company,
while $50 tons Of first class ore was
sent direct to the shelters.
All men, have been withdrawn from
the underground workings in the
Homestake mine, at Lead S. D., in
consequence of the presence of carbon
dioxide gas, caused by the fire which
has been burning in the mine for the
past two weeks.
While it is not known just how ex-
tensively the Standard Oil company
has invested it's millions in the gold
fields of Nevada, that this great cor
poration has made several purchases
and that considerable money is now
being spent in exploration work is an
open secret all through Nevada and
Utah.
After weeks of PREPARATION, the Ely
mining and stock exchange opened its
doors on April 1. The pit was fairly
we'll crowded with members of the ex
change and considerable business was
transacted. Only local stocks were
traded in, but negotiations are on foot
to post Goldfield stock on this ex
change.
Rosebud will not have trouble over
the wage scale for miners. Notwith
standing a few unreliable reports
which have been sent out to the effect
that the miners of this camp had
made demands which the operators
would not agree to, there is entire
harmony between the operators. and
the miners.
The annual report of the Utah Con
solidated Mining company for the year
ended December 81, 1906, shows net
profits for the year of $2,S35,0O9
against 1857, 1856 in the previous year
This is equivalent to $9.45 per share
against 1929 share in 1905. A to
tai in dividends of $1,650,0OO, OF
$3.50 a share, was declared.
The American Smelling and Rein
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 earn
ings of subsidiary or controlled com
panies The statement may this yea
show the profits derived from tn,
sale of United Lead company stock.
At the meeting of the stakeholder
of the Sullivan Trust company il
Goldfield, there was submitted AM
ratified the agreement of settlement
with San Francisco brokers. Tn
agreement provides that out of tn
receipts of the company 40 per cen
shall be paid to brokers' creditors,
per cent to the State Bank and Trus
company and 20 per cent to be re
tanned by the Sullivan Trust con
pany.
The Yerington Nipper company ha
purchased a fifty-horse power gaso
line engine and it will be sent t
the property at Yerington at onc'
The company is planning to begin
deep shaft in addition TO the tunns
work now under way.
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