The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1907-10-10
MINES AND MINING

Another Nevada Hills bonanza is
renorted no have been opened IN 'he
camn of Fairvlcw, Nevada. The latest
etrino ie in the Fairview Mizpah, 500
ore having been encountered.
In STANLEY basin. in Idaho, the great
,..ad,,a ie heing operated with success,
while a strong company Is Installing
cable dredge which will be ready for
work before the snow flies this taii'
At the beginning of September
there were about l50,0OO,OOO pounds
If unsold copper, refined and ready
for consumption, as against ABOUT
10000 900 pounds at the end Oh lsoo'
Eastern investors In copper prop
e,ties are rather backward in invest
ing these days, but it is thought the
scare is only temporary, and copper
Investments will soon be back to nor
NAL.
OIL from the Utah oil fields, from
the well on the Virgin river OIL q De
yelopment company's property, the
first well sunk and the only one thus
being burned in salt Lake City.
The regular quarterly dividend OF
the Horn Silver Mining company, OF D
cents share, or $4,000, was paid
on the first day of the present month,
and the property is producing at clip
that insures dividends for long time
to come.
1t will take money, and plenty OF 1t,
patience and time to make the copper
deposits of southern Alaska come TO
the front with big profits, but 1t is the
opinion of experts that there is plenty
of copper in Alaska and that 1t Is
very rich.
The various companies in the Vir'
gen oil field of Utah have agreed to
post sufficient amount of money to
construct an automobile road from
Lund direct to the heart OF the OIL
field. This will enable an easy access
to the center of interest.
Copper is having sinister infu'
ence on the stock market because
noteworthy portion of the recent
gambling in copper mining shares.
| We are now having the reaction, says
the Mining and Scientific Press.
One of the richest strikes in the his
tory of Nevada has just been made
about forty miles west of Tuscarora.
Leaf gold, some of which is larger
than a fivedollar gold piece and from
once eighth to one-siXteenth of an inch
| thick, Is plentiful, and some of the
samples show values OF 100000 to
the ton.
Thirty-two carloads of ore from the
Nevada Hills company's properties are
now strung out between the smelters
of Salt Lake valley and the railroad
| loading station at Fallon, New. This
ore, according to estimates, is worth
approximately $4,000 a carload, or
practically 100000 for the rock now
| in transit.
The bottom of the Beacon Shaft, the
Beaver county, Utah, property of the
Commonwealth Copper company, is
all in ore. There is 15-inch streak
in the same that averages 3S cents
gold; 1913 ounces silver; 1863 per cent
copper, and rs per cent iron to the
ton. The Beacon shaft is down onl-
ninety feet
Uranium, one of the rare metals
used in the manufacture of steel, may
become one of Utah's weath-produc-
ing metals, as down in Kane county
is a deposit of uranium that, from
surface indications, promises to be
big thing The property is 100 miles
south of Marysvale, and the owners
have force OF men at work.
Despite the depression of the copper
market, which has caused several of
the smaller companies in Nevada to
suspend development work, owing to
the uneasiness of stockholders, the
larger companies, such as the Nevada
Consolidated, Cumberland Ely and Gil
rouX, are going ahead as entergetically
as the scarcity of labor will permit.
The cost of producing copper has
risen Ia cents, or even more in
places, during the last three years, by
reason of the increased cost of ma.
| NSIldlS anu inc uGIlldnuo Oh LABOR. IN
suttlciency of labor. scarcity OF coke,
and bad railroad management have all
tended to hinder economic operations
at the mines and smelters.
GMine owners and owners of mining
land in the Ely district are indignant
over the activity Of claim Jumpers
who are alleged to have tied up a
number OF local properties on techni.
caiities, and propose TO form a per.
manent organization by which they
viii secure protection from this class
OF persons
new ledge has recently been omen.
ed in the Albion mine at Alta. 1T is
big cross-nssure thar is coming
through in southwesrerly and north.
eastery direction from the South Co.
Iumbus side and was missed by some.
lhIns like 800 feet in the driving of
the deep tunnel on the Albion. and as.
says twenty ounces silver and SLIGO
in gold FV'