The Garland globe. [volume] (Garland, Utah) 1906-191?, 1907-09-14
MINES AND MINING

II lnt phSl Wtth vi
grade ore from 'Goldfeld aggregated
S73 tons.
The Golden Sunbeam company, OPP
Grating In the Custer, Idaho, section,
has purchased compressor, which
will be installed at once.
Three of Tintic's big mines posted
dividends last week, the Colorado and
the Beck tunnel paying to the stock
holders $4,000 each, while the Grand
/ Central distributed $4,000.
| George Wingfield. of Goldfeld, has
received a telegram from his fore.
man at the Three-Queens mine, Cali
fornia, saying that a 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 to have been $7S7, 534.19 as
compared with $375,34S.9O for 1905.
The discovery of important phos-
plate deposits over 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 will be 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 five states, de.
clares the Virgin River oil region to
| possess the greatest Oil indications he
ever witnessed in any field from Cali.
fornia to West Virginia.
Good reports are still coming in
| from the Swan Hilda Extension mine
in the Lee district, Nevada. The di.
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 to
begin shipping at once. Up to the
present time not a pound Of ore has
been shipped, the amount extracted
(about 1000 tons) being piled on the
dump.
| In well-informed copper circles II
Is generally conceded that Amalgamat
ed copper will earn $2S,00O,00O this
year on its product of 2,OOO,O 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
Balakala company now has $50 men at
work there, IFS on smelter construc-
ton and $50 at the mine. Work at
both places has been retarded owing
to weather conditions.
Owing to inability to arrive at 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 Hill G. Sullivan Mining
4 Concentrating company, operating
a silver-lead mine at Wardner. Idaho
has declared dividend, No. ZIG,
amounting to $4,000. This is the com
pany's regular monthly dividend and
brings the total amount of dividends
paid since January l to 100000, and
the total to date, $s.766,OOO.
| A wonderful strike has been made in
Willow Creek mines about five miles
southwest of Greenwater. The first
discovery of Importance was In the
Baltic. The shaft had been sunk but
eighteen feet when the miners pene
trated the iron Gaping and encoun-
tered 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
IN a copper proposition in Mexico re,
Gently acquired by Nevada capitalists
Average samples from these veins run
3l.62 per cent copper, while picked
samples 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, $1,G49,S92. Net earnings
$l,lO77l9. Total net, s1,4S5,52O. De,
duct for exploration, etc, Sill 1923. Net
income, $l,473,596 Add profits. sale
Tonopah & Goldheld railroad bonds,
$33,S5O. Surplus for year, $l,5O7,446.
A thousand feet beneath the surface
of the ground at Detroit, Mich, is a
solid bed of salt four hundred feet