Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1907-08-02

| SldSD.
The damage to the Hannipah mines
near Tonopah, Nevada, by the recen
fire was much less than at first report
ed. The damage will not exceed
$1,000
The Little Florence of Goldfleld
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 900 day.
The rumor of a rich strike of ore In
the new shaft of the |. 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 a
carload of rich ore is being taken out
per week.
One hundred and fifty American
employees of the Arizona Copper com
| pany's smeter at Clifton, Ariz., are
en- 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 104 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. 1t would not be surprising if
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 new body of ore on the 1850
foot level, while in No. 3 stope just
above the 900-foot level a 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 350-foot tunnel has
just been let by the Nevada Hy-
draulic company at Tuscarora, New
This will do away with a long and
expensive dume, 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
books the names of more individual |
shareholders than probably any other
mining company in the world-18,000, |
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 125 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 s5,0O0,O00 is in
voled. These properties comprise the
main portion Of Quartz Hill and have
a combined record of more than
s10,O00,OOO.
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 a 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
he values are increasing rapidly, says
he Goldfeld News. A selected sam
pie taken from a Undetermined streak
1t the bottom of the Wine assayed
1902 gold, So ounces silver and per
cent copper. The entire face carries
per cent copper.
The King Edward Mining company,
# which Samled Newhouse is presi- 1
lent, operating in the Cobalt camp, '
las 100000 worth of ore ready for t
he market This consists of 5000 f
acks, of which 400 to 500 contain t
Irst-class ore, running from 1000 to t
900 ounces to the ton. and 500 to {
900 sacks of second-class ore aver S
ging about $50 ounces to the ton. o
Calumet and Hecla issues it's an D
ual report for the year, showing net Z
arnings of $11, 297,3 and a surplus "
over s7.000,000. The statement fol- n
ows: Assets. cash and copper, So
1880; notes, bills receivable, ST. 4
81. 76S; development fund, ETC., s45.- Il
40; insurance fund, S953,340; total,
5, 757 .444; liabilities, drafts and bills
ayable, s1,72S.502; total, s1,72S,502;
lrplus. s7.02S,942
]. A. Czizek. ex-state mine inspector !,
Idaho. says it is almost impossible :,
, secure miners enough to work the :,
lines as desired. nearly all the COM !,
anies being short of help. Mr.. Czizek Z
ates that the forces at the various