The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-05-23


d5s1dends last week. the Colorado an
the Beck tunnel paying % the stock
holders $4,000 each. while the Granc
Central distributed slo.ooo.
George wingheid. OF Goldheid. has
received Telegram from HIS fore
man at the Three-lueens mine. Cali
fornia. saying that a singis shot had
broken down soo.eoo worth OF ore.
A statement OF the profits OF the
Hercules mine for 1896 has been fied
with the county assessor, showing
the profts to have been $751;, s34.is az
compared with ss75.s4sso for 1906.
The discovery q important phss,
phafe deposfts over a considerable
area In southeastern Idaho. south.
western Wyoming. and northeastern
Utah has opened up . 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 win be no
price concessions.
In the French Gulch section OF
Montana. waere the gold was FIRST
discovered and washed out In thar
state. extensive placer operations ara
still In progress. and Is paying big
money to the operators
A prominent Californian. who has
drilled oil wells In Ave states. de-
ciares the Virgin River oil region to
possess the greatest oil indications he
ever Witnessed In any field from Cali.
fornis To West Virginia
Good reports are still coming In
from the Swan Hilda Extension mine
In the Lee district, Nevada The al.
rectors Of the company met here q
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 10
begin shipping at once. Up to the
present time not pound OF ore has
been shipped. the amount extracted
tabout 1000 tons) being piled on the
dump.
In well-informed copper circles IL
is generally conceded that Amalsamat.
ed copper viii earn SIS 900 900 this
year on its product OF 1000 900 pounds
OF copper on the basis OF "a cents
metal. which would be a trifie over Is
per cent on the stock
The California correspondent OF a
Boston financial agency wires that the
Baiakala company nav has $50 men at
work there. I75 ON smelter construc.
ton and $50 at the mine. Work NJ
both places has been retarded owing
to weather conditions.
Owing to inability to arrive At q 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 Hili q Sullivan Mln,ng
4 Concentrating company. operating
a silver-lead mine at wardner. Idaho.
has declared dividend. No. iis.
amounting to sis0.oo0 This Is the com.
pany's regular monthly dividend and
brings the total amount OF dividends
paid since January 10 $500. 900, and
the total to date. ss.766. 900.
A wonderful strike has been made In
Willow Greek mines about five miles
southwest OF Greenwater. The first
discovery OF importance was in>t
Baltic. The shaft had been sunk bat
eighteen feet when the miners peae.
trated the iron Gaping and encoun-
tered a 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
sl.62 per cent copper. while picked
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 &c. as follows: Total
production. si.s4s.ss2 Net earnings.
sl.io7.7ls. Total net. sl.sss.520. De
Duct for exploration. etc. sII,s2s. Net
INCOME. si.fT3.5ss. Add profits. sale
ronopah & Goidfieid railroad bonds
Fss,sso. Surplus for year. si.50T.ass.
A thousand feet beneath the surface
'f the ground at Detroit. Mich. is a
'osid bed Of salt four hundred feet
-hick- The tapping OF this great BODY
u salt Is one Of Detrost's compare.
lively new Industries. but II Is nov
employing thousands Of men Who de-
end for their daily toll and daily
wages on the manipulating Of this salt. |
A City Of Mexico special says that !
he United States Smelling COMPANY
las purchased the Ssn Pedro ana /
'ther mines In the state OF chihuahua
rom the Saica Mining company. for |
8 SEQ .e09 gold. Boston ofglcials dony 1
ny intention Of purchasing the prop 1
rty.
The largest and heaviest casting
yer made In Utah ~as poured AT The
- a.