The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1907-05-10
MINES AND MINING

The mining outlook for HALEY and
vicinity is brighter This spring than
it has been before in fifteen years.
A membership on the Salt Lake
Mining exchange sold last week for
$500, the highest price for several
years.
The average price of electrolytic
copper as figured by the Engineering
and Mining journal for 1906 was 49,.
PTS, while Lake averaged 1866 cents.
Regular shipments are being made
from the Croesus. at HALEY. Idaho,
and it is estimated that there is over
$1,000,000 of high-grade ore in sight.
A bid of 25% cents was made and
refused in Boston one day last week
for several million pounds of copper
deliveries extending over two or three
months.
Heinze, the Montana plunger, re-
Gently paid 100000 for the Gold Hill
mine, in Deep Creek, and is preparing
to erect an immense reduction plant
for the property.
There is quite boom in the loca.
tion of mining claims along the Birch
creek and Lost River ranges, in Ida.
! no, and some very promising discov-
cries are being made.
The closing down of the mill at the
| Honorine, of Stockton, as result of
| the accident to the biz engine, will
| not affect operations at the mine.
That will be kept running full handed.
The Montgomery Shoshone, long
heralded as the best mine in the Bull
| frog district, has again struck rich
ore, this time in the bottom of the
triple compartment working shaft, at
depth of 440 feet.
BY purchasing an extended line Of
powerful and up-to-date equipment,
the Yerington Malachite Copper COM
pany has taken the first step towards
turning daylight into the depth of it's
Yerington possessions.
At the Horseshoe creek coaf field,
twenty miles east of st. Anthony
in Fremont county, Idaho, important
developments are now in progress and
the past winters work has produced
some flattering results.
A big copper strike has been made
on the Joe Moore shaft, at Dolly Var
den, at depth of 115 feet. The as
says have not been returned, but it
Is believed that the values are the
highest yet found in the camp of Ely.
During March there were 32.000,000
pounds of copper exported from the
United States at an average price of
24.6 cents per pound, or exactly one
cent more than obtained for the 3D.
100000 pounds exported in February.
The Moscow Mining and Milling
company has been organized by prom
inent Utah mining men and capt.
alists to take over the Burning Mos
COW and additional territory in the
noted Star District of Beaver county,
Utah.
The copper metal market is rising
in strength, both as respects the metal
and copper stocks. All the big produ-
GERS are holding firmly at highest ask
ing prices, and all bids of even frac-
ton under these prices are turned
down.
The Potosi mine at Silver City, Ida.
no, is showing up we'll Extensive
development work is being done on
this property, which is one Of the
olSest mines in the camp, but which |
has been idle for many years, until
recently.
The best news that has come from
the Carrie Mack property of Dugway
for many a day was received by the
Salt Lake officials of the company last
week, and 1t brought the word that
strike of very fine proportions had
been made.
Recently the Tonopah company, of
Tonopah, Nevada, paid its regular
quarterly dividend of 35 cents share,
aggregating $350,000. 1t was officially
announced that the next quarterly d.
vidend will be so cents a share, or
100000 in the aggregate.
The manager of the Pittsburg-Sil-
yer Peak company's properties at
Blair, Nevada, reports that the mine
Is opening up in manner that al
ready assures its being ranked as the
biggest gold mine in the United
States. Work on the new 100-stamp
mill is being pushed as rapidly as day
and night shifts can do the work.
The constant draft on the economic
force" of the geological survey made
by the large mining organizations
which offer the government experts
much larger salaries than they get