The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1907-08-01
MINES AND MINING

made in The last fortnight, has stirred
oil men in the west to much enthu.
siasm.
near Tonopah. Nevada, by the recent
fire was much less than at first report.
ed. The damage will not exceed
$1,000.
The Little Florence of Goldfield
one day last week transferred to a
local mill $4,000 pounds of ore that
is valued at $40 per pound. The lease
is producing $4,000 day.
The rumor OF a rich strike of ore in
the new shaft of the I. c. Mining
company. near Bellevue, Idaho, has
been fully confirmed. A mill is to be
erected at the property at once.
The Creole mine, close to the old
Lincoln, in Beaver county, and which
has been shut down for nearly twenty
years, has taken on new life and
carload of rich ore is being taken out
per week
One hundred and fifty American
employees OF the Arizona Copper com.
pany's smelter at Clifton, Ariz., are
on strike for an increase of so cents
day in wages. They have been get.
ting SO day.
The values from the Nevada Fair
view rich streak ran in gold and sill
yer as follows: Gold, .SS ounces; sill
yer, 3491 ounces the second as.
sayed 1,04 ounces gold. and 1884
ounces silver to the ton.
A Boston dispatch says buyers con.
tinue to fight present copper prices
and demand another concession be.
fore they will enter the market gener-
ally. II would not be surprising IL
some Of the Independent producers
not affiliated with United Metals made
further concessions in the hope of get
ting business.
The DAILY West at Park City has
found a new body of ore on the 1850
foot level, while in No. stope just
above the 900-foot level seven-foot
vein has been discovered. Men have
been put to work on the latter vein.
after having been taken away from
there two years ago. owing to appar-
ent non-paying ground.
A contract for a 350-foot tunnel has
just been let by the Nevada Hy.
draulic company at Tuscarora, New.
This will do away with long and
expensive flume, expensive to build
and expensive to keep in repair. Mod
ern hydraulic machinery has been
purchased. and the plant Is being rap
idly put in shape for work.
Amalgamated Copper has on its
shareholders than probably any other
mining company in the world-1S,0O
with average holdings of sixty-fve
shares each. Nipissing is next. with
10000. averaging 1874 shares each.
Utah Consolidated is third, with 2,400.
averaging 1876 shares each.
One of the biggest mining deals in
the history of Colorado, which has
been pending for year or more, is
the sale of the leading mines on
Quartz Hill to the Newhouse tunnel
people. Upward of $5,000,000 is in
voled. These properties comprise the
main portion of Quartz Hill and have
a combined record of more than
s10,000.000.
Salt Lake men who recently In
spected the coal deposits in the Teton
valley, Idaho. are enthusiastic about
what they saw. They claim that
there is more coal in the Teton valley
than the Hartman lines could burn
In fifty years, and if the Oregon Short
Line does not build railroad into
the district the line will be built by
private parties.
The Higginson lease has struck cop
per values. On the 230-foot level.
winze is being sunk on the vein and
the values are increasing rapidly, says
the Goldfield News. A selected sam
pie taken from a undetermined streak
at the bottom of the winze assayed
1902 gold, so ounces silver and per
cent copper. The entire face carries
4 per cent copper.
The King Edward Mining company,
of which Samled Newhouse is presi-
dent, operating in the Cobalt camp.
has 100000 worth of ore ready for
the market. This consists OF 5000
sacks. of which 400 to 500 contain
first-class ore. running from 1000 to
1000 ounces to the ton, and 500 to
1000 sacks of second-class ore aver
aging about $50 ounces to the ton.
Calumet and Hecla issues it's an
nual report for the year. showing net
earnings of sl1. 297,39O and a surplus
of over $7.000,000. The statement fol-
lows: Assets. cashTsnd copper, So
477,190; notes, bills receivable. ST..
2S1,76S; development fund, etc. s45..
las; insurance fund. $953,S4O; total,
$S,757,444; liabilities, drafts and bills
payable. $1.72S.5O total. SLIPS, 5O2
surplus, s7,02S,942.
J. A. Click, ex-state mine inspector
of Idaho. says 1t is almost impossible
to secure miners enough to work the