The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1908-06-11
MINES AND MINING

odded two more stamps to its battery
Iast week. which makes six In all that
are dropping.
The Dewey and Lucky Ridge leas'
ers. at Pearl, Idaho, are working
double shifts, making good progress on
their cross cut tunnels.
The Seattle Post-Intelligencer, after
receiving reports from all points In
the north, estimates the gold output OF
the coming season for Alaska at s26'-
00O, 900.
The heaviest business In the history
of the Salt Lake Mining Exchange
was recorded on June 5. During the
day, 27S,375 shares were traded IN at
a price aggregating $215,446.
The Black Pearl mine at Pearl,
Idaho, is operating an eightstamp
cyanide process mill on their properly
which has a capacity of fifty tons
day and employs about thirty-fve men,
News from Buffalo Hump Is that
there is unusual activity In the camp
this spring. The Del Rio mine is one
of the most promising. The miners
have recently struck about eight feet
of good ore.
Twenty-nine gold, silver and lead
properties, having outstanding s94,-
l57,2O0 in stock, declared dividends
of s3,497,399 for the five months this
year. making a total of S74,9l6,S39
since organization.
The Harmony Anthracite Coal COM
pany has just been organized by Los
Angeles syndicate. The company Will
be active in southern Utah. The new
company is capitalized for one million
shares at 81 share.
New machinery is being installed at
the Utah mill at Garfield just as fast
as It arrives from the east. The lat
est machinery received is in the line
Of Chilian mills. The apparatus has
a capacity of 125 tons.
Twenty men will be employed at
the Mount Marshall mine, in the Mar
shall lake district of Idaho this sum-
mer. ]. Il. Stewart, manger OF the
property, has been busy the last week
VI tWo diIduSiuS lol ouppliSo anu hin-
chinery.
The Hecla mine of Beaver county Is
expected to begin shipments to the
United States Smelling and Refining
company by July 1. The ore carries
lead, gold and silver. Gold occurs in
such proportions that 1t is the most
valuable of the metals found in ore.
The Hecla Checl1mate Mining com.
pany Of Pearl, Idaho, is opening up an
extension of the Whitman mine which
is conceded to be one of the best pay
ing properties in the district If not in
the state. These claims join and the
Whitman is opened up to the end line.
In an address at the Chamber Of
Commerce luncheon in Goldfield, j. p.
LOTUS, one of the biggest and most
conservative mine owners and oper-
ators In the district of Goldfield, said
that in the four and half years since
the district began to produce 1t has
produced s2O.0O0,00O in gold, or s4,.
100000 annually.
There is much excitement at Co
bre, Nevada, over the discovery OF
high-grade silver and copper ore about
twelve miles east of Cobre, in the Lo-
ray mining district. A ledge of the
red and white metals ten feet wide,
carrying II per cent copper and 300
ounces silver has been uncovered at a
depth of twenty-five feet.
Out of the income for the next six
months the directors of the Pittsburg
Silver Peak mine deem it Imperative
ly necessary to expend about $4,000
for additions to the pumping plant,
houses for the workmen and additional
equipment for the Silver Peak rail-
road. For the month of April the Sill
yer Peak reports a profit of $4,000.
The courts have confirmed the sale
OF the Sewer Consolidated Gold, Sill
YER and Prospecting company The
property sold last week by the re-
ceiver for s1O8,0OO to w. H. Seegmil.
Ter Of Richfield The company owes
over a quarter of million dollars It
is understood that Mr.. Seegmiller rep
resents the creditors of the company.
Development work being done in
virgin ground of the Horn Silver, in
Beaver county, Utah, is showing up
excellent copper indications. Although
the Horn Silver is the Oldest mine in
the district and has been in continu.
GUS operation for about forty years
the ground to the north of the prjnci-
pal workings has never been deyel.
oped.
The annual report of the Amalea.
mated Copper company says the com.
panies owned wholly or in part bv the
Amalgamated Copper company nro.
duced in the calendar year 1907 from
their own and custom ores about 90.
ooo,oOO pounds of refined conner ~
winch amount the Amalgamated Con.
per company received the beneft
from about 17S,OOO,OOO pounds.
The case of the Western Loan ora
savings company of Utah VS. tho
hut'e and Boston Consolidated Min.
rOmnnnNy Ae