The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1907-12-26
MINES AND NJ INING

Ii is reported that big strike has
been made in the Yerington Copper
company.s property. in the Yerington
district, Nevada.
Golconda, which already has one of
the largest milling plants and the only
smelter In the state of Nevada, is to
have another big plant for the treat
ment of ores, says the Humboldt Star.
There are three different properties
in the Silver Island section of Utah
that can begin shipments of fine ore
when the Western Pacific Railroad
company opens up for general traffic.
The ore shipments, in pounds, from
Park City mines for the week end
ing December 81 were as follows:
Daly-Judge, 1,742.0O0; Silver King, l.
153.3SO; Daily West, 100000. Total,
3,S95,8S0.
The Nevada Superior Mining COM
pany has levied an assessment of sc
a share on its capital stock, and the
Antelope Springs company, both OPP
Grating In Nevada, has called for one
half cent share with which to con-
tinue developments.
The Zenilo Copper company, whose
mines are near Palisade, Nevada, last
week declared its initial dividend
The directors decided TO pay cents
a share, which, on the 100000 issued
shares in the corporation, calls for
the payment of $4,000.
Charles Balbach, one Of the pioneers
in the smelling business in the United
States, and one of the founders of
the great Omaha smelling plant, now
the property of the American Smelt-
ing and Refining company, died at
Sandwich, Ont, last week.
The annual report of the Goldfeld
Consolidated Mines company for the
first year of it's existence shows a net
profit for twelve months of $780,
357.99, from the sale of 31,3SS,075 tons
of ore, of which 22,624,115 tons were
shipped and S,713,O96 tons milled.
The Ohio Copper company, a Maine
corporation, filed certified copy Of
its articles of incorporation in the of.
flee of the secretary of state of Utah
last week. The company is capital
lied for $10,000,000, in $40 shares. The
fee for filing the articles was S2,50S.
The past week has brought some
fresh low records for the metals. Tin
has sold under 26 cents. Lead has
gone down to az, New York, and
spelter down to APO. New York. Just
what transactions are passing in cop.
per are being carefully guarded. Elec
trolytic copper has sold down to 12&
cents.
President Abercrombie of the Ma
jestic Copper company announces that
arrangements have been made to push
work at the property without calling
upon the stockholders through the sale
Of $4,000 shares of treasury stock to
New York syndicate. Much better
figures were received than the present
market price.
The total silver product reported
from the mines for 1906 was divided
about evenly between siliceous ores
copper ores, and lead ores, as follows:
ores, 27.7 per cent; copper-lead ores.
11.S per cent; lead-zinc ores, 4 per
cent; zinc ores, or per cent; placers
0.3 per cent.
The prospect Of opening up an oil
field in the neighborhood Of Ephraim,
Utah, is the chief topic of discussion
among all classes of citizens in that
city. The many favorable reports
made on the districts by oil experts
from all parts of the country lead to
the conclusion that oil will be found
in paying quantities.
Only a very small amount of gold
is recovered from zinc ores. To-
gether with the silver it remains in
the cinders after the distillation of
the zinc, and these cinders, IL of suf.
ficiently high grade, are sold to the
lead smelters The lead-zinc ores are
generally concentrated to effect the
separation of the galena and inhaler
lite.
The Guggenheims, for their Ameri'
can Smelter Securities company, have
taken an option on 800 acres OF land
| in Contra Costa county, on the Straits
of Carquinez, near Martinez, as a
site for a new smelter. This means,
| it is said, the final abandonment of
| the site they bought two years ago at
| Point San Bruno, seven or eight miles
south of San Francisco. and where
| they planned to erect a $7O00,OOO
| smelter plant.
Because of the failure of the prose
cution to prove that the Utah Apex
Mining company of Maine was cor
poration, the supreme court of Utah
has reversed the judgment of the low,
err court in the case of the state
| against Arthur Brown, in which the
defendant was charged with forging a
check on the Commercial National
bank for S6,135. the money belonging
to the Utah Apex Mining company.
The American Sheet Steel and Tin