The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1907-11-07
MIN Els AND MINING

| ldanO, is undDdleu, anu '"S F
pectors expect confidently to find not
only oil but gas in paying quantities
The treasury department on Octo
Der 2S purchased 100000 ounces oil
silver at 60.941 cents per fine ounce,
to be delivered at New Orleans and
100000 ounces in San Francisco.
Edwin p. Ryan, who has achieved
remarkable results at Guanajauto,
Mexico. was graduated from the Mex
lean College of Mines only seven
years ago. He has introduced the
cyanide process in silver reduction.
The opinion is growing among the
people. and mining men particularly
who have studied the ground, that
the country surrounding Weiser,
| Idaho, on the north, is a vast mineral
belt. recent discoveries strengthening
that belief.
Notices posted about the Calumet
and Hecla copper mine works an
nounce reduction of wages on De-
cember 1 of 1914 per cent, approx
mately equal to the increase granted
Ill luS yGdl. ANuuSeich 49,
fects $500 men.
Regardless of the fact that the big
copper companies of Ely, Nevada,
have put into effect their policy OF
discharging foreign laborers and max
ing this strictly an American camp,
there is a general shortage of first
class labor in Ely.
]. Robinson, the Indiana and Ohio
oil field man, urges all Utah and
other operators in the Virgin field to
whoop things up, as he is certain that
the Twill have strong and ready
market for every drop of oil they can
produce without wait.
The production of gold in the United
States during 1906 was 4,5G5,330 fine
ounces, of value of $94,S73, 500; the
silver production amounted to $751;
900 fine ounces, of a commercial value
OF $3S,256,40 The production OF
these metals for the preceding year
was $SS,19O,700 gold and $34,221,97,
silver.
That the USUAL dividends of the
May Day and Uncle Sam Consolidated
companies will be posted this month
was the positive assertion of the man.
agement of both corporations last
week. Both properties are shipping
regularly and both have treasures
that can meet the payments without
feeling it at ALL
The mines and leases of Goldfield |
have added $10,O000O0 in gold to the
wealth of the world during the year
ending October 1, and have paid, in |
profits and dividends, s4,2S1 900. The |
production includes the richest single |
carload of ore ever shipped from a
NINE This shipment brought on the
market $5S4,246.11.
The shelters of the Salt Lake val
ley hereafter will be forced to do all
their own switching if the order pro.
mulgated last week by the railroad
companies should stand. The COM
panies are of the opinion that when
they have delivered the cars into the
smelter yards, they have done all that
could be demanded from them.
Secretary Taft rode to the Ameri-
can mine, east of Baguio, P. L. one
day last week, over PERCEPTIONS
mountain trail which drops 1000 feet
WITHIN distance of four miles. He
inspected the Clarke mine ands mill
and the Laffan mill Addressing the
American miners, he said he hoped 10
secure needful reforms in the mining
laws ''s
The directors of the United States
steel corporation last week declared
the regular quarterly dividends of ~
per cent on the preferred stock and
ohe-half of / per cent on the com.
mon' The earnings for the three
months ended September 30 were
S43,SO4,2S5, an increase of a. GOO eeI
as compared with the same nnartor
last year 4'"' 'e'
The news comes from Cananea
MEXICO that the Greene. Cananea
Nopper company has determined uDon
a complete shutdown of its mines
and shelter at Cananea
! ms action will mean the CLOSING
uo"n or all but one or two others OF
'ne fourteen operating properties in
, ,,t district. Over 5000 men will he
thrown out of employment
=, II is considered likely that in view
VI me present adverse money market
. con, that reduction may he
~ I IN the next quarterly dividend
u Butte Coalition, although the com
pany mas enough money in its treas. .
10y TO make the payment. Recent
DTy ing OF the stock has been for
long account and the books show Q
ne shares more widely ecatt aliow +
nan ever before. '''ereu C
The report that the Nevada conso, b
lated copper mine has closed DIS onaoil. '
denied, 1t is stin in rvm =" 80 -
ration The development worl, hop Up T
'.er' mas been so far advanced IL Is Fl
oeo oiicially that there is now a
70 VOO,OO0 tons of ore IN .,oh. Nv"