The Garland globe. [volume] (Garland, Utah) 1906-191?, 1908-07-18
MINES AND MINING

20 into the camp as soon as the roads
will permit.
At the DAILY Judge. at Park City,
the mill is being operated one shift
per day. creating from 1875 to 1856
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
iu the southern portion Of Utah have
created the interest in local circles
that has attended the success of the
Red Warrior company In its opera
tons in the Star district.
A fourteen-foot ledge, carrying Sc
per ton in free gold, was struck re-
Gently in the Monument company's
property In Thunder Mountain dis
trict, Idaho. The ledge was encoun-
tered in the S0O-foot tunnel on the
property.
1t 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 81 100000 cash ON hand at the
| present time.
From a responsible source 1t 10
learned that a 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 a big thing for
the southern country II the scheme as
outlined by its projectors material
| Ines.
1t is scarcely probable that even the
withdrawal Of $5o000,000 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 il
ready cash.
The Bingham and Garfield Railway
company Is the title Of a new corpor-
alton formed last week. The articles
| set forth that the company will con-
| struct and operate a 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-bDod In
dian, received last week the balance
due him on the purchase price Of the
big group of claims at Stimler, which
were purchased year ago by Harry
/ Stimler. Tom owned a one-fourth in
terest in about twenty locations and
sold out to Harry Stimler, says the
Goldfeld Chronicle.
or thirteen assays of ore taken from
The Utah mine at Fish Springs, the
values ranged from 705 per cent lead
on down, and down from 1914 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 q
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 ths
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 its 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
company was confronted with the
proposition of putting In a mill which
would handle both characters of ore.
A fourth well, making the third
within two months has Just been
opened In the Virgin river fields In
southern Utah. This well. like its
three associates. will produce over
fifty barrels of oil a day All of the
wells are within few miles OF Vir-
gin City
The Grasscelli Chemical company.
the organization that is operating the
new zinc plant at Park City, Ia going
to erect a new building on to the first
plant, in which win be installed add
tional screens, no as to raise the
capacity up to a maximum OF l25 TO
1876 tons per day.
Owing to an entirely unexpected .
difficulty the management of the
United States Smelling, Refining ana
Mining company has been forced to
abandon for the time being it's con-
templated resumption of activity in
the Richmond Eureka mining proper
ties OF Eureka, New.
Tungsten, one Of the rareearth min