The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-10-17
MINES AND MINING

camp of Fairyiew. Nevada, The latest
strike Is in the Fairyiew Mixpah, $500
ore having been encountered.
In Stanley basin. in Idaho, the great
dredge is being operated with success,
while strong company is installing
cable dredge which will be ready for
work before the snow flies this fall.
AT the beginning Of September
there were about $50. 000, geo pounds
OF unsold copper. refined and ready
for consumption, as against about
100000 pounds at the end OF 1906
Eastern investors in copper prop
critics are rather backward i'm invest
ing these days. but IL is thought the
scare is only temporary, and copper
investments viii soon be back TO nor
NAL
OIL from the Utah oil fields, from
the well on the Virgin river Oil q De-
yelopment eompany's property, the
first well sunk and the only one thus
far in the Virgin river country. is now
being burned in Salt Lake City.
The regular quarterly dividend OF
the Horn Silver Mining company, of S
cents share. or 10000. was paid
ON the first day of the present month.
and the property is producing at clip
that insures dividends for long time
10 come.
II will take money. and plenty of il,
patience and time to make the copper
deposits of southern Alaska come 10
the front with big profits, but IL is the
opinion of experts that there is plenty
OF copper in Alaska and that il is
very rich.
The various companies In the Vir-
gen oil field OF Utah have agreed To
post sufficient amount OF money TO
construct an automobile road from
Lund direct to the heart of the oil
field. This will enable an easy access
TO the center of interest
Copper is having a sinister infu-
ence on the stock market because a
noteworthy portion of the recent
speculative ,debauch took the form oil
gambling in copper mining shares,
We are now having the reaction, says
NhN ahb A.NathAAhA tton-
One of the richest strikes In the his
tory of Nevada has just been made
about forty miles west of Tuscarora.
Leaf gold. some OF which Is larger
than a five-dollar gold piece and from
one-eighth to one-sixteenth of an inch
thick. is plentiful. and some of the
samples show values of $1,000 TO
the ton
Thiity-two carloads OF ore from the
Nevada Hills company's properties are
now strung out between the smelters
of Salt Lake valley and the railroad
loading station at Fallon. New Tais
ore, according To estimates, is worth
approximately $4,000 a carload, or
practically 100000 for the rock now
in transit
The bottom of the Beacon Shaft, the
Beaver county. Utah, property of the
Commonwealth Copper company. is
all In ore. There is a l5-inch streak
in the same that averages 3S cents
gold; 14.3 ounces silver; 1863 per cent
copper and % per cent iron To the
ton. The Beacon shaft is down only
ninety feet.
Uranium. one OF the rare metals
used in the manufacture of steel, may
become one OF Utah's wealth-produc-
ing metals, as Down in Kane county
Is deposit. of uranium that, from
surface indications. promises to be a
big thing. The property is 100 miles
south of Marysvale, and the owners
have a force of men at work.
Despite the depression OF the copper
market, which has caused several of
the smaller companies In Nevada To
suspend development work, owing TO
the uneasiness of stockholders. the
larger companies, such as the Nevada
Consolidated. Cumberland Ely and Gil
roux, are going ahead as entergeucally
as the scarcity OF labor will permit
The cost of producing copper has
risen Ia cents. or even more IN
places. during the last three years, b,
reason OF the increased cost of ma
tsrials and the demands Of labor. In
sutiiciency of labor, scarcity OF coke.
and bad railroad management have all
tended to hinder economic operations
at the mines and smelters.
Mine owners and owners of minin
land in the Ely district are indignant
over the activity OF claim Jumpers
who are alleged 10 have tied up
number of local properties on techni
calities. and propose to form per
manent organization by which they
will secure protection from this class
OF persons.
A new ledge has recently been open
ed in the Albion mine at Alta. u Is a
big eross-fssure that Is coming
through In souihwesterly and north
easteriy direction from the South Co
lulnbns side and was missed by some
thing like 800 feet in the driving Of
the deep tunnel on the Albion. and as
says twenty ounces silver and Sl.Go
IN gold.
The output OF the mines and leases
OF Goldfield district for the week end
ing October was 3.76s tons. haYing
an estimated value Of 1896. 400. This
is a slight falling OF from the preced
ing week, but a very creditable show
inT when all the facts are taken into
consideration
Before the snow flies this year. II II
predicted. plans will have been com
pleted for railroad to the American
Eurk I'fah mining district The dis