The Garland globe. [volume] (Garland, Utah) 1906-191?, 1907-05-18
MINES AND MINING

80 IONS.
The Golden Sunbeam company, OPP.
Grating in the Custer, Idaho, section,
has purchased compressor, which
will be installed at once.
Three of Tintio's big mines posted
dividends last week, the Colorado and
the Beck tunnel paying to the stock.
holders $4,000 each, while the Grand
Central distributed $4,000.
George wingfield, of Goldheld, has
received telegram from his fore.
man at the Three-Queens mine. Cali
fornia, saying that a single shot had
broken down 100000 worth of ore.
A statement of the profits of the
Hercules mine for 1906 has been filed
with the county assessor, showing
the profits to have been $7S7,534.19 as
compared with s375,34S9O for 1905.
The discovery of important phos-
plate deposits over a considerable
area in southeastern Idaho, south
western Wyoming, and northeastern
Utah has opened up q new industry
In the west.
A canvass of the leading copper pro.
ducers reveals the fact that the de.
mand is running ahead of the visible
supply and that they are stronger In
their belief that there will be no
price concessions.
In the French Gulch section OF
Montana, where the gold was first
discovered and washed out in that
state, extensive placer operations are
still In progress, and is paying big
money to the operators.
prominent Californian, who has
drilled oil wells in five states, de-
clares the Virgin River oil region to
possess the greatest oil Indications he
ever witnessed in any field from Cali.
fornia to West Virginia.
Good reports are still coming in
from the Swan Hilda Extension mine
In the Lee district, Nevada. The d.
rectors of the company met here o
day or so ago and raised the price Of
treasury stock to 10 cents.
A good copper mine in the Lisbon
valley, San Juan county, Utah, is to
begin shipping at once. UP to the
present time not pound Of ore has
been shipped, the amount extracted
(about 1000 tons) being piled on the
dump.
In wellinformed copper circles It
Is generally conceded that Amalgamat
ed copper will earn $2S.OO0.OOO this
year on its product of 100000 pounds
Of copper on the basis of "a cents
metal, which would be triHe over 10
per cent on the stock.
The California correspondent of a
Boston financial agency wires that the
Balakala company now has $50 men at
work there, IT'S on smelter construc.
ton. and $50 at the mine. Work at
both places. has been retarded owing
to weather conditions.
Owing to inability to arrive at sat.
isfactory and an amicable settlement
Of the wage controversy between the
strikers and the company, the Ameri-
can Smelling and Refining company
has announced that the plant at Muir
ray will be closed down indefinitely.
The Bunker Hill & Sullivan Mining
& Concentrating company, operating
silver-lead mine at Wardner, Idaho
has declared a dividend, No. 116,
amounting to $4,000. This Is the com.
pany's regular monthly dividend and
brings the total amount OF dividends
paid since January to 100000, and
the total to date, $8,766,000.
A wonderful strike has been made in
Willow Creek mines about five miles
southwest Of Greenwater. The first
discovery Of importance was In the
Baltic. The shaft had been sunk but
eighteen feet when the miners pene
trated the iron Gaping and encoun-
tered rich copper sulphide running
high in both gold and silver.
Half dozen veins of copper ore,
running from three feet In width to
nine feet wide, have been uncovered
On copper proposition in Mexico re
Gently acquired by Nevada capitalists
Average samples from these veins run
.31.62 per cent copper, while picked
samples run from 20 to SO per cent
copper, with good values In gold.
The Tonopah Mining company OF
Nevada reports operations for the year
ended, February 20, as follows: Total
PRODUCTION. s1.649,S92. Net earnings,
$1,i07,719. Total net, $1,4S5,520. De
duct for exploration, etc, $11 1923. Net
-fAcome, $1,473,596 Add profits, sale
| Tonopah & Goldfield railroad bonds,
$3S,S5O. Surplus for year, $1,507.446.
| A thousand feet beneath the surface
of the ground at Detroit, Mich, is a
solid bed of salt four hundred feet
thick. The tapping of this great body
of salt is one of Detroit's comparai
lively new industries, but it is now