The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1907-10-03
MINES AND MINING

| camp nave nOtiuSu t"S "PN'
panies that they have no intention OF
asking for a raise in the wage sched'
nile. They claim to be happy and con
tented as they are
II NAV be noted that more than
oG per cent of the worlds production
Of coal is mined in countries lying
north of the equator, the countries
south of the line contributing less
than 2O.OO0,000 tons annn2l.J.
The Richard Ely, of Ely, Nevada, is
operating cburn drill at a depth oil
$50 feet. The Stun from the drill hole
indicates a good showing Of copper
ore in the bottom The hole will be
driven to depth of 1000 feet.
Considerable development work is
being done at this time in the Cumora
and Olympia mines, located southeast
of Burnley. fourteen miles from Albion,
Idaho. The company has several car
loads Of ore on the dump that assays
$3.50 to the ton in gold.
Orders have been given for the clos
| ing down of the Honerine mine at
Stockton, just as soon as the present
| supply of coal is exhausted. A direct
orsbmeeting will be held October 2lst,
at which decision will be reached re.
garding future operations
On the Ely mining stock exchange
on the Goth, during a call OF exactly
seventeen minutes, 1880 shares OF
stock we're sold of the aggregate value
of $3,00325. The selling was brisk
and snappy from the start, continuing
so to the end of the call.
The National Development company
Is fathering an oil company that will
undertake the development of about
1900 acres of land in the Virgen City
field 1t is announced that a first-class
drilling rig will be landed in the field
at the earliest possible moment.
Balakalala copper stock has been
under selling pressure all the way
down to $40 from SIG, the selling orig
mating largely from New York. Some
of the largest stockholders have let
go, though the Guggenheims claim to
have their 100000 shares intact.
More salt was produced in the Unit
ed States in 1906 than in any previous
year, and the value of the product was
greater than in any year since 1890.
The quantity was 3.944, 1873 short tons,
or 2S,172,3S0 barrels, valued at $6.-
65S,35O, a gain of 30S,S76 tons, or g.
206,5SS barrels, over the production in
1906.
The worlds production of copper in
1902 was 542,293 long tons, of which
294,423 tons, or 54.3 per cent was con-
tributed by the United States. Com
pared with the previous year the
worlds output showed an increase,
notwithstanding lower prices for the
metal, of 31,014 tons, or about per
cent
Coal has been mined at more than
dozen places along the Yukon, and
at some of these places the mining
has been profitable; but no extensive
development of the coal fields in the
interior has been undertaken and no
work was bling done on the coal
claims of this region during the past
summer.
1t is stated that on the 100-foot level
of the Old Peacock mine in the Seven
Devils district in Idaho, the ore body
has widened out until there is now
more than million dollars in sight.
The ore Is more than $50 feet wide
and VIII average eight per cent COP
per, in addition to the gold and silver
values it carries.
What is considered an important
Phase IN the copper situation is the
fact that China is again in the mar.
ket for large volume of copper, de.
hveries to extend over the next twelve
months. Already European agents for
the Mandarins back of the currency
buying movement have secured some
hundreds OF tons for shipment to
Shanghai.
After full investigation OF mine
conditions and after going over the
ground at the mine, and. finally. after
having completed exhaustive tests nm
me ores, Engineer Ernest GAYLORD
d the General Engineering COMPANY
mas given his stamp of approval to the
methods employed at the Jennie Cold
Mining company's properties in the
treatment of the mines product
A Geneva newspaper states that
professor Jolly has completed geo.
logical examination of the specimens
vi the strata collected in the horings
FOR the Simplon tunnel. He found
rich traces Of Iadium. indicating
larger deposits than any hitherto dis,
covered in Europe. He believes that
me presence Of these deposits caused
,he abnormal heat experienced in
building the tunnel
More than so per cent of the tota,
production Of coal in the United
o.'t a from 1914 to the close of 1906
OF S'54O'oOOOOO tons, was mined in
pehnsylYania. The anthracite produc.
llpu IN that state Amounted a.. -