The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1907-05-17
MINES AND MINING

EhN' ore from buINutId aggregated
S78 tons
The Golden Sunbeam company OPP.
ouuur Zoo the Custer. Idaho. section
hos purchased compressor which
win Dee installed at once
Three OF Tiuuc's big mines posted
dividends last week. the Colorado and
tue Beck tunnel paying to the stock
holders 100000 each. while the Grand
Central distributed $4,000
George wingneld. Of Goldncld. has
received telegram from his fore
man at the ThrecQuocns mine. Call.
iomia, saying that O. single shot had
broken down 100000 worth OF ore.
a statement of the profits OF the
Hercules mine for 1906 has been filed
with the county assessor. showing
the profits 10 have been &7S153ilg us
compared with Sa75,2iS9o for 1905
The discovery Of important phos.
phatc deposits over considerable
area In southeastern Idaho. south.
western Wyoming. and northeastern
Utah has opened mp new industry
In the west
a canvass Of the leading copper pro.
duccrs reveals the fact that the de.
mand Is running ahead OF the visible
supply and that they are stronger IN
their belief that there will b. no
| price concessions.
In the French Gulch section OF
Montana, where the gold was first
discovered and washed out In that
state. extensive placer operations are
still In progress. and is paying big
money to the operators.
A prominent Californian. who haS
drilled oil wells In i've states. de.
claros the Virgin River oil region &c
possess the greatest oil Indications he
ever witnessed In any field from Cali.
iornia TO West Virginia.
Good reports are sul coming In
from the Swan Hllda Extension mine
In the Leo district. Nevada. The d.
rcctors Of the company met here a
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 ia
begin shipping at once. Up TO IN,
present time not a pound Of ore has
been shipped, the amount extracted
(about 1000 tonsi being piled on the
dump.
In wellinformcd copper circles II
is generally conceded that Amalgamat
ed copper will earn g2S.OOO.OOO this
year on It's product Of 100000 pound,
Of copper on the basis OF "a cents
metal. which would be a tribe over /,
per cent ON the stock
The California correspondent OF 1
Boston financial agency wires that IN,
Balakala company now has $50 men Al
work there. 175 ON smelter construo
ton and 100 at the mine. Work al
both places has been retarded owing
to weather conditions.
owing to inability to arrive AZ a sat
lHfactory and an amicable settlement
II the wage controversy between tn,
strikers and the company, the Ameri
snn Smelling aud Refining company
has announced that the plant at Muir
ray will be closed down indefinitely
The Bunker Hin a Sullivan Mining
4 Concentrating company. operatmg
a silyer.lead mine at wardner. Idaho
has declared a dividend. No. llG
amounting 10 $4,000. This Is the com
pany's regular monthly dividend and
brings the total amount OF dividends
paid since January ] 10 100000, and
the total to date. SS,7CG,OOO.
a wonderful strike has been made In
Willow Creek mines about Ave miles
southwest OF Greenwater. The FIRST
discovery OF importance was In the
Battle. The shaft had been sunk but
eighteen feet when the miners pene
I trated the iron Gaping and oncoun
tered a rich copper sulphlde running
high In both gold and silver.
Half a dozen veins OF copper ore
running from three feet In width to
ulne feet wide. have been uncovered
IN a copper proposition in Mexico re-
Gently acquired by Nevada capitalists
Average samples from these veins run
! 3l.G2 per cent copper, while picked
samples run from 90 10 50 per cent
copper with good values Ia gold.
The Tonopah Mining company OF
Nevada reports operations for the year
ended February 20, as follows TotaI
production, Sl,Gl9,S02. Net earnings
SllOT7l9. Total net, Si,iS5,52O. De
duct for exploration, etc, 1923. Net
| Income. Sl,473,59G. Add profits, sale
Tonopah a Goldhold railroad bonds
S33,S5O. Surplus for year Sl,5O7,4i6
A thousand feet beneath the surface
OF the ground at Detroit, Mich, Is a
solid bed OF salt four hundred feet
thick The tapping Of this great body
OF salt SO one OF Dctrolts. compare
tIypIy now ludugtrleg lint 10 Ie nou