The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-12-05
MINES AID MINING

by pipeline companies.
Within half mile OF the old town
OF Leesburg. Idaho. the Gold Ridge
mine has developed an enormous de-
post OF gold bearing quartz.
The production Of gold and silver in
the United States from domestic ores
In 1905, according TO the latest fig-
ures, was: Gold. s94.373,so0; silver,
$3S. e56, 400.
The Virgin River Oil company Is
now selling oil from It's well in south.
ern Utah. Between October rs and No
yember II last, this company sold a
total of 272 barrels Of oil for $s6s.
The most important factor that has
caused depression In the silver mar
ket is the heavy falling on in the de-
mand from India, country which
ordinarily buys the lager part OF the
worlds supply.
The Croesus mine and mill at HALEY
has closed down on account OF not
being able to secure sufficient coal.
Inc closing is to be only temporary.
and they expect to be running again
in about month.
One OF the greatest Of the undeyel-
0ped resources In the Salubria valley
IN Idaho is mountains of high-grade
iron ore. All that is needed is capital
and the rightly directed efforts Of men
fmailiar with this class OF ore.
The Rabbits Foot mine. in the
Gravel Range district on Silver creek,
fifty miles southwest of Salmon City,
Is equipped with first-class ten-stamp
mil, run by steam power, which is
now practically being used to sample
the deposits with.
Assuming that the demand for iron
ore during the present century may
range from 50.000,0O0 to 100, 900 900
tons per year, the Lake Superior dis
trict would last for from twenty five
to fifty years more. If it supplied the
entire United States.
The Yellow Jacket district OF Idaho
Is quiet, and there are hardly any min
ing operations in progress there Worth
mentioning at this time, although the
district contains some very fine pros
poets that warrant further develop
ment and operation.
The Tintic Mine Operators associa-
ton, which was formed about a year
ago for the purpose of taking care of
the producers side of questions as far
as the district of Tintic was con-
cerned, bids fair to grow and expand
into a national affair.
The National Bank mine at Bullfrog,
Nevada, is taking out ore which will
average better than 800 to the ton
practically at the grass roots. This
material is being uncovered 225 feet
north of the shaft on vein which
dips about 20 degrees south and west
and out of the main working of the
property.
In the old Leesburg basin placer dis.
.trict, fifteen miles west of Salmon
City. some promising gold ore devel.
opments have been made in the past
year. At the old Garretson mine, test
mill runs recently made on a zone OF
mineralized granite that is sixty feet
wide shows average values of 81 to Sc
per ton, and is said to yield So per ton
in free gold.
An eminent Swedish geologist has
prepared report on the iron re.
serves of the world, in which he de.
clares that ''it will surprise a great
many to learn that we are likely to
run short of iron inside of single
century If we keep up the present rate
of consumption. AS matter of fact,
we are more likely to increase the
consumption than we are to reduce
it,
In order to constitute a mining part.
nership under the provisions of sec
tons $500 to 1909, inclusive, of the
revised statutes, it is essential that
the co-owners actually engaged in
working the mine or in the business
of operating the mine. The Gotten
ancy of two or more persons in a min
ing claim is not of itself sufficient to
constitute such tenants mining part.
ners
of silver was as low as it is at pres
emit. A more remarkable fact is that
during the past eleven months the
price has been cut nearly IL cents, or
from 10 cents per fine ounce, on Jan
uary Z. to So Is cents on November
9. The probability is that for the re-
mainder of the year quotations will
continue around go cents, for various
reasons.
In a speech before the Tenth Min
ing congress, held at Joplin, Mo-, No
vember IL to 16, the director of the
United States geological survey re-
ferred to the enormous growth of the
mining industry in the United States
within the last twenty eight years,
which covers the life of the bureau.
When the survey was organized the
value of the mineral output of the
country amounted to about 5000, 000.-
900; in 1907 it promises to exceed 81
900 100000.
Two of the largest reduction plants
in southern Idaho will be fully in
stalled at Atlanta ready for business
by the first of the year. The crushers
and rolls at the Monarch will have a
capacity of 500 tons a day. and the
Bagdad-Chase is installing a io0-ton
mill.
Work has been suspended on the In.
dependence mines. near Ketchum- The