The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1907-05-09
MINES AND MINING

Water has been reached in the Zsck
shaft of the Ely Con. at Ely, Nevada,
at depth Of 4o5 feet
The mining outlook for HALEY and
vicinity is brighter this spring than
1t 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,.
27S, 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,O00,OO0 of high-grade ore in sight
A bid of 25A 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 a boom In the loca-
ton 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 a result of
the accident to the biz engine, will
not affect operations ut 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 $40 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 coal field,
twenty-five 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 a 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 $4,000, 900
pounds of copper exported from the
United States at an average price of
24G cents per pound, or exactly one
cent more than obtained for the 90. |
100000 pounds exported in February. |
The Moscow Mining and Milling
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 a frac.
lion under these prices are turned
iown.
The Potosi mine at Silver City, Ida
40, is showing up well. Extensive
development work is being done on
his property, which is one of the
'lsest mines in the camp, but which
has been idle for many years, until
recently.
The best news that has come from
he Carrie Mack property of Dugway
or many day was received by the
Salt Lake officials of the company last
week, and it brought the word that a
tTihe Oh very me proportions had /
leen made.
Recently the Tonopah company, of
'onopah, Nevada. paid it's regular
dividend of 80 cents a share.
s350,OOO, 1t was officially
nnounced that the next quarterly di.
idend will be 80 cents share, or
100000 in the aggregate.
The manager of the Pittsbmg.Sl
er Peak companys properties at
'lair Nevada, reports that the mine
5 opening up in a manner that al.
eady assures its being ranked as the
tggest gold mine in The United
tates. Work on the new lOO-stamp
ill is being pushed as rapidly as day ,
nd night shifts can do the work.
The constant draft on the economic /
>rce' OF the geological survey made S
y the large mining organizations s
htCh offer the government pynerr., [