The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1908-07-23
MINES AND MINING

! ter, but NUMBER OF mining HSH WI
20 into the camp as soon as the ROADS
will permit
At the DAILY Judge, at Park City
the mill Is being operated one shin
per day. creating from 1875 to 135
tons OF ore daily. This Is about one
third capacity
That the era OF red metal production
has at last arrived for the big Ely
copper district, and that the camp
never was in happier mood, Is the
good word brought from that district
Few recent strikes Of rich mineral
III the southern portion OF Utah nave
created the interest In local circles
that has attended the success OF the
Red Warrior company in It's opera
tions in the Star district.
A fourteen-foot ledge, carrying sc
per ton in free gold, was struck re-
Gently in the Monument companys
property in Thunder Mountain dis
t:ict. Idaho. The ledge was encoun-
tered in the S0O-foot tunnel on the
property.
It is understood that the plan OF the
| Utah Copper management Is to begin
the payment OF dividends at the rate
| Of 81 per share per annum on Septem'
Der 80, next. The company is said to
have 100000 cash on hand at the
present time.
From responsible source 1t Is
learned that powerful combination,
through Salt Lake representatives Is
about to acquire a lease and bond on
the Majestic Mines company's smelter
at Milford 1t will be big thing for.
the southern country If the scheme as
outlined by its projectors material
ICES.
II Is scarcely probable that even tho
withdrawal of $50,O00.000 OF deposits
from the banks by the treasury will
exert any appreciable influence on the
money market, so great Is the amount
OF money now held by the banks, and
80 light the demand for same. But
what the prospector needs now is
ready cash.
The Bingham and Garfield Railway
company Is the title of new corpor-
alton formed last week. The articles
set forth that the company will con-
struct and operate railway line from
the town Of Bingham to the various
mines of the district, also to and from
the concentrating and smelling CEN
ter of Garfield
Tom Fisherman, full-blood In
dian, received last week the balance
due him on the purchase price of the
big group Of claims at Stlmler, which
were purchased a year ago bY Harry
Stimler. Tom owned a one.fourth in
terest in about twenty locations and
sold out to Harry Stimler, says the
Goldfield Chronicle.
or thirteen assays of ore taken from
the Utah mine at Fish Springs, the
values ranged from 70.5 per cent lead
on down, and down from 39l.4 ounces
silver to the ton. This accounts for
the reason that the Utah Mine never
sends in a doubtful shipment but is
enabled to maintain the values to a
steady and splendid level,
The Salt Lake Tribune is in receipt
OF the following conundrum If the
cyanide output of the Montgomery
Shoshone mill for the month of June
amounts to over $4,000, and the con-
centrates amount to more than the
cyanide product, what becomes of the
money realized for both and why is
the stock of this company selling for
60 cents per share?
The management of the Croesus, at
HALEY, Idaho, is making splendid
Roadway in installing it's new concen-
trating plant, a mill that promises to
be of great interest generally to the |
mining and milling fraternity of the
west. owing to the particular condi- /
tons under which the management
Will be operating. On the Croesus
property are two great veins. The |
east and west vein carries gold values, |
while the north and south vein con, /
tains silver and lead values The .
was confronted with the .
OF putting in mill which |
would handle both characters OF ore.
fourth well. making the third
within two months. has just been
opened In the Virgin river fields IL
Utah. This we'll. like i'll
three associates, will produce over
nifty barrels OF oil day All of the
wells are within a few miles of yir.
gin City.
The Grasscelli Chemical company,
the organization that is operating the
new zinc plant at Park City, is going
10 erect new building on to the first
plant. in which will be installed addi-
ional screens, SO as to raise the
capacity up to a maximum of 125 TO
ISo tons per day.
Owing to an entirely unexpected
iithculty the management of the
United States Smelling, Refining ana
Mining company has been forced TO
abandon for the time being its con.
empiated resumption OF activity in
he Richmond Eureka mining proper
les OF Eureka, New. (,
Tungsten. one of the rare earth min
rails. extensively used in the manu-.
acture OF incandescent lamps which
i've brilliant white light of pleasing
luality. is found in White Pine coun-
y. Nevada. The tungsten bearing
found in that section ara
Iaonerite and scheehte.
In contrast TO the small domests
urchases OF copper last month wer,
he exports OF the metal There wer.
revival In exports during June. the
months total being nearly 10000 tons
n increase over MAY OF 1000 ana