Mountain Home maverick. [volume] (Mountain Home, Idaho) 1906-1911, 1907-11-21

whose property is IN Beaver county,
Utah. has just encountered a four
foot vein of carbonate lead and
silver ore The Hccia is one of
the steady shippers from Beaver
county.
The average price of spelter at
New York during the ten years
ending with 1906 and SOB cents,
equivalent to about 4.S6 cents, ST.
Louis, but the general trend mas
been upward, because of the in
creasing cost of production.
So extensively has been the de-
mand and the drain for teams in the
oil excitement center of southern
Utah that the Utah Indian Peak
company can not secure means of
hauling its lead-silver ores to the
railroad tracks,
Eight men are at old Cumber-
la Id property at Osceola, Nevada
and they are taking out fine
fine quality of gold ore. Plenty
of high grade stuff has been placed
on the dump to keep the mill
running for several months. The
mill will be kept working all
wilmer.
The coke manufactured in Colo
to lass, COS short tons, valued at
81, 504, 748 against 1873, 824 tons,
valued at 50, 1877, 517 in 1905.
The increase in 1906 was, there
fore, IT, O81 tons, or 500 per cent
in value. The average of price
per ton advanced from $500 in
$500 in 1906.
/ The directors of the Calumet &
Arizona will meet about the goth
of November to declare the quarter
4 ly dividend. 1t is believed that
! the quarterly rate will be reduced
to So but great deal will depend
upon the condition of the metal
during the next month.
From Aura, New comes the
news of a strike in a region that
has been generally considered as
barren ground. Prof. Griswold of
the state School of Mines of Mis-
souri, is one of the principal
owners. The ledge is wide one
and carries an average value of
81 in gold.
The lost ore shoot in the Sand
storm mine at Goldfield from
which Lotus and Davis and A.
H. Mayn9 took 100000 three
years ago, is believed to have been
recovered in lease on the LOTUS
and Davois block by Webb Parki-
son and Peter Erbei. Four feet of
ore has been opened which runs
from 500 to So, 900 ton.
The Sultana company, which
J owns a splendid lead-silver property
: about fifteen miles southwest of
4 Vernon, in Tooele county, Utah,
in the angle skirting the desert, has
decided to begin operations in .
symstematic way and make the
mines what they ought to be-,
| heavy producers of fine lead ores.
While the metals are being sur
rounded by strange shadows, bring
ing doubt and uncertainty to the
| minds of all, there is one class of
| mining that is being pressed fore
ward with unusual vigor, and that
is coal mining industry. All of
the western coal mine are being
worked to their full capacity.
Daniel Guggenheim, resident OF
i. the Guggenheim Exploration COM
: pany says the present disturbances
in the financial district is due to
a state of hysteria on the part OF
the public brought about by the
activity of bear operators and re-
sulting in the sacrificing of Sc
curities at far below their actual
value, needless, thoughtlessly and
ignorantiy.
The Utah Standard Oil company,
with capital of 1000, 600 shares,
the par value of the shares being
ST. each, and which owns and con-
} trolls about 24OO acres of patented
} land, bought direct from the state
of Utah, has filed articles of incor-
poration with the secretary OF
state.
John D. Rockefeller has the fol-
lowing to say regarding the fin
ancial situation: g | think that the
existing alarm amorg investors is
not warranted and hope the good
. common sense of the American peo-
pie will control the situation.
Personay | have absolute faith in
tie future of the values of our Sc
curities and the soundness of un.
DERIVING conditions. -