The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1907-03-14
MINES A ND MINI,

change last week, a total ., !.
shares of stock, with a sen,n.
of sS47317.4s, changed hands
A strike of ore at tho :
Troughs Wonder of unusual I'll
tude has every appearance NJ ~ NJ
placed that property on a prodn.
basis.
Shipments from the mines o,
City during the past weeks we,o l.
below the average in tonna,o n
ing to the miserable condition !,
roads.
The Ely, Nevada, stock e,OA,.
will be open April and win r. +
quotations on Ely stocks to tho
kets in New York, Boston and
Francisco, after that date.
The report that the Annie i.
mine had veen worked out il A.
by the management, the decla,,a
being made that the prospects for n
future are exceedingly bright Il
There is a genuine boom a,
the camp of Wonder, Nevada nj
der was discovered shortly afte, N
camp of Fairview began to draw n
crowd, and Is but twenty miles a..
Fairview.
Word comes from Goldfleld !,
the directors of the Nevada mi
company had held meeting IN NJ
camp last week and posted a diyids,E
of 10 cents a share, or a total amoI
of $4,000.
The Ely Arch Copper COMPANY n
organized at Ely, Nevada, last vs
with a capitalization of $4,000, 900 N
the purpose of developing the ArI
copper group located near the n
Calumet company's properties.
Utah Consolidated Copper has
clared dividend of $125 per AL
and an extra dividend of 25 ceu[
per share, payable April Is. Bod
close March Is and open March d
Hereafter dividends will paid Janu,l
Is, April Is, July Is and October h
Salt Lake and Michigan talent NJ
just purchased four full claims in N
Yerington copper belt and organi,i
the Yerington Nipper Copper comparj
to operate the property which Is n
Gated in the Mason pass, midway NJ
tween the Ludwig and the Ironsids;I
At the meeting of the Nevada HHi
company in Goldfield last week, otAd
things of Importance than the decrl
alton of 100000 dividend were ID
cided upon. 1t was decided that N
development of the property hi
reached stage where the installatIu|
of an adult compressor plant had N
come justified.
Manager Kadish of the new Ut3
smelter, at Ogden, announces lid
the furnaces will be blown in Pridul
He now has 10000 tons of ore q
hand, valued at over 100000 and vii;
contracts which he has entered inf
he can run continuously on even III
ger quantities. The smelter will e!
ploy fifty men at the start.
Legislation affecting the reporta|
effort of the Calyumet & Heela Nil
ing company to get control Of u
Central, Allouez and Osceola copx
mining properties has been launchd
in the Michigan Legislature. A h
TO prevent the stockholders in OH
company from voting the majority 4
stock in another was passed.
Recently strike was made in u
main working tunnel of the Witt
Pine, near Cherry Creek, Nevadl
which returned values of 500 20 y
1882 in gold per ton, the former y
ing grab sample of the whole breas
Although the tunnel is now about Y
feet further in than when the ore vp
exposed it still holds it's own.
Another new Nevada strike is ie
ported, the find being made at
blind station on the railroad betwef'
Luning and Thorne, called Acms
Copper ledges from ten to ninety fe'
in width, that can be traced for h''
miles, have been found. Assays tna
have been made show the ore to y
from 65 to 70 per cent copper.
OF late years the leading copFs
interests have been paying considd
able attention to huge concentratnl
copper propositions, and it is very e''
dent that by 1908 these companl'
will cut considerable figure in coppe
production; in fact, 1t Is estimate
that they will be able to add 20O0W
900 pounds to the worlds output wlll
In three years, and evidently greaul
increase this output, says the New
Bureau.
The Calumet and Hecla MinlAs
company has sold 100000 pounds
copper for July delivery at %s
cents per pound in several differel
lots. Some of this copper has go,lS
TO the regular customers Of uD