The Garland globe. [volume] (Garland, Utah) 1906-191?, 1907-04-13
MINES AND MINING

in Colorado with view to purchase.
Seven big producing mines of the
Occur d'Alenes since January 1, 1907,
have paid in dividends total Of g..
5s7,50O.
The Tucker Mining and Milling
company of Wallace, Idaho, has been
Incorporated, the capital stock being
31,00o,O0O.
The mill at the Dewey mine in
Thunder mountain, Idaho, is to be
started at once and kept in operation
all summer. It will furnish EN-.
ployment to forty-dve men.
The National Copper bank Of New
York expects to open business May 4,
with deposits of about $4,000, 900.
Elaborate offices are now being fitted
up in the Trinity building, II Broad
way.
"A few years ago you could not pull
money into Nevada with sixteen
horse team, but today you can not
keep capital out with a gatling gum"
is the way a prominent mining man
expresses it.
A spoonful of ore taken from the
recent strike in the Ramsey Comstock
melted over a forge yields buttons of
gold and copper that can be hammered
out on an anvil, bored and worn as
watch charm.
Dividends Of copper companies for
the first quarter this year are record
breaking, the total for twenty-five
concerns have, since their incorpora-
tion, paid in dividends the vast total
Of $S49, 739,1s3.
The town of Rosebud is enjoying
one Of those characteristic Nevada
townsite booms. An inside lot that
sold the first of the year for $50 now
has passed hands at $500, and SO
on down the line.
During the month OF March between
$4,000 and $4,000 tons of ore were
treated at the milling plant Of the
Newhouse Mines & Shelters company,
while $50 tons Of first classsore was
sent direct to the smelters.
All men have been withdrawn from
the underground workings in the
Homestake mine, at Lead s. D., in
consequence Of the presence of carbon
dioxide gas, caused by the fire which
has been burning in the mine for the
past two weeks.
While 1t is not known Just how ex-
tensively the Standard Oil company
has invested its millions In the gold
fields Of Nevada, that this great cor.
poration has made several purchases
and that considerable money Is now
being spent In exploration work is an
open secret all through Nevada and
Utah.
After weeks of PREPARATION, the Ely
mining and stock exchange opened its
doors on April /. The pit was fairly
we'll crowded with members OF the ex-
change and considerable business was
transacted. Only local stocks we're
traded In, but negotiations are on foot
to post Goldfeld stock on this ex-
change.
Rosebud will not have trouble over
the wage scale for miners. Notwith.
standing a few unreliable reports
which have been sent out to the effect
that the miners of this camp had
made demands which the operators
would not agree to, there is entire
harmony between the operators and
the miners.
The annual report OF the Utah Con-
solidated Mining company for the year
ended December 81, 1906, shows net
profits for the year of $685. ,009,
against $1,sS7 1856 in the previous year.
This is equivalent to $9.45 per share,
against 1929 a share in 1906. A to-
tai in dividends of s1,650,0O0, or
$3.50 a share, was declared.
ihO nihSiiNuu
ing company will close its fiscal year
April 30, and 1t is stated here that
net earnings will run close to $4,000
900, including the equity in the earn,
ings of subsidiary or controlled com.
panies. The statement may this year
show the profits derived from the
sale of United Lead company stock.
At the meeting of the stockholders
of the Sullivan Trust company in
Goldfeld, there was submitted and
ratified the agreement of settlement
with San Francisco brokers. The
agreement provides that out of the
receipts of the company 40 per cent
shall be paid to brokers' creditors, 40
per cent to the State Bank and Trust
company and 20 per cent to be re.
tanned by the Sullivan Trust com
pany.
The Yerington Nlpper company has
purchased a fifty-horse power gaso-
line engine and II will be sent to
the property at Yerington at once
hA A..