The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-11-14
MINES AND MINING

Waterman being left at the noted
Thunder Mountain property.
| The oil excitement at Payette,
idaho. is undated, and the pros.
pectors expect confidently to find not
only oil but gas in paying quantities.
The treasury department on Octo-
Der rs purchased 100000 ounces OF
silver at 60-941 cents per fine ounce
10 De delivered at New Orleans and
100000 ounces in San Francisco.
Edwin p. Ryan. who has achieved
remarkable results at Guanaiauto
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 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 l of 122 per cent, approx
mately equal to the increase granted
early in the year. The reduction az
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 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 ywill have a strong and ready
market for every drop of oil they cam
produce without a wait.
The production of gold in the United
States during 1906 was 1866. $50 fine
ounces. of value of s94,373. 500: the
silver production amounted to 56,5l4,-
900 fine ounces, of a commercial value
OF 1925, 400. The production OF
these metals for the preceding year
was $sS,1so, 700 gold and 4,221.e7,
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 Goldfieid
have added s10,0o0000 in gold to the
wealth of the world during the year
ending October 1. and have paid, in
profits and dividends, $4.2s1 900. The
production includes the richest single
carload of ore ever shipped from
mine. This shipment brought on the
market s5S4.246.11
The smelters 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 precipitous
mountain trail which drops 1900 feet
within distance of four miles. He
inspected the Clarke mine and mill
and the Laffan mill Addressing the
American miners, he said he hoped to
secure needful reforms in the mining
laws.
The directors of the United States
Steel corporation last week declared
the regular quarterly dividends of ~
per cent on the preferred stock and
one-half of l per cent on the COM
mon. The earnings for the three
months ended September 80 were
$43,304, 2S5, an increase of IS 500 .661
as compared with the same quarter
last year.
The news comes from Cananea,
Mexico, that the Greene Cananea-
Copper company has determined upon
complete shutdown of its mines,
concentration and smelter at Cananea.
This action will mean the closing
down of all but one or two others OF
the fourteen operating properties in
that district. Over 5000 men will be
thrown out of employment.
1t is considered likely that in view
of the present adverse money market
conditions that a reduction may be
made in the next quarterly dividend
of Butte Coalition, although the COM
pany has enough money in its treas
ury to make the payment Recent
buying of the stock has been for
strong account and the books snow
the shares more widely scattered
than ever before.
The report that the Nevada Consoli-
dated copper mine has closed down is
officially denied. 1t is still in full OPP
GRAFTON. The development work, how
ever, has been SO far advanced, Ii is
stated officially, that there is nov
rs. 900 tons of ore In sight ready
to be mined. The shaft is. complete
and the mine is ready TO ship ore to
its concentrating plant as soon as the
plants are ready
Fifty men are employed at the Lin
coin mine at Pearl, idaho, and ship
ments of concentrates to Salt Lake
smelters are constantly being made