The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1908-06-25
MINES AND MINING

foh} VI Oaft LANE Nit3 NnS AufScA 10
suspend last week. as the result of
overlooking on stocks that had gone
down In price.
1t now seems that smelter Is as
sured for the Spring Mountain dis
trict. Lemhi county. Idaho. capitalists
from Pittsburg having become inter
ested In the project.
The old reliable DAILY West. at Park
City, is to resume operations. Some
few men have already been hired and
by the first of July this great producer
win be again in the heavy Gre ship
ping column.
The gold production of the world In
1905 was $a77.s47.7o0. and In 1906.
$500 .3s2, 100. an increase of So .es4, 600.
or six per cent; In 1907 the yield was
$405,oo0.0 900. an increase or $4.e57 800.
or one per cent.
The annual consumption OF gold in
the Industrial arts of the world is sur
prisingly large and cannot be accu-
rately determined. but from the best
available data 1t appears to be In the
neighborhood of $l00.0o0.eo0
The week ending June Is proved to
be most satisfactory week from the
point of business transacted on the
Salt Lake mining exchange. The
number of shares dealt in was 1893
1874. the selling value Of which was
| $909, 4s102.
Experienced miners just returned
from the new mining discoveries on
Hornet creek, about twenty miles
| northwest of Council, Idaho, report ID
one Of the richest strikes in the state,
Assays show values of from So TO $63i
to the ton of free gold
The Frye-Sandifer lessees have In
| augurated an important deep mining
project at their new shaft recently
started on the Maxuma Hills vein on
the Therein ground. at Seven Troughs,
Nevada. The shaft is to be sunk 300
TO 500 feet deep as fast as possible.
The metallic mineral deposits OF
Mohave county, Arizona. were known
as long ago as the early sixties, when
| rich gold ore was discovered in what
has since been called the Moss mine.
! about four miles northwest of Gold
Road. near the old Camp Mohave trail
There is definite rumor In mining
circles that the Amalgamated Copper
interests will soon be in control OF
the Utah Copper. Nevada Consolidat-
| ed and Cumberland-Ely companies.
through transfer of stock in these COM
panies now held by the Guggenheims.
A prominent Salt Lake mining man,
after q trip to Nevada. 10 quoted an
saying: Il don't want to be counted
as knocker for any mining region.
but every time / go away from home
become more and more convinced
that there Ia no such mineral country
anywhere as we have right here In
Utah."
From the Canadian border to Mex
leo there is not a more promising
mining camp than Pearl, Idaho, which
has larger bodies OF ore running from
| IS to $40 per ton In gold and silver
than can be found in nearly any min
ing camp in the whole western min
| ing region and show a continuation
| with depth.
! The Inlay Mining company shipped
a car of fine ore from Humboldt sta
ton, Nevada. to the Ogden smelter
last week. and developments at the.
mine have been very satisfactory for.
the past month. Assays of ore at the
mine show that the ore is growing
more valuable as the south drift Is
sent into the hill
At cost of 2,40o. 900 the Telluride
Power company has completed the
first unit of its gigantic hydro-electric
power plant on Bear river, near
Grace, in this county says the Poca-
tello idaho Tribune. and the ire
mendous resources of the plant will
be called on to supply power to mines
in Idaho and Utah.
Another carload of exceedingly rich
lead-silver ore from the Utah Mine
company's Fish springs property was
sold in Salt Lake last week, UNDER
controls showing 1853 ounces silver and
43 per cent lead. There was thirty
eight and one-half tons In the lot
and the smelter issued a check for
s3s75.51 in payment for II.
wonderful mineralized ledge Is
attracting considerable attention
among mining men in the Boise basin.
This ledge, with it's prominent surface
outcroppings of quartz, can be traced
for hundreds of feet across the Nc
Kinley and Great Divide properties at
Jupiter mountain. Assays recently
obtained show values that run into
the high figures.
The news comes from Great Falls.
Mont. that the electrolytic smelter
Of the Boston & Montana, one of the
Amalgamated Copper companies, will
be closed down for two months, dur
ing which time the Boston Montana
mine in Butte will remain closed, I'M
less arrangements can be made TO han
die the ore OF the company a; Ana.
conda- Five thousand men are af-
fected by the shutdown.
The new compressor plant and pow.
er drills at the Indian Queen com
pany's property in Beaver county went
into commission last week. and thes
work Of pushing the tunnel will now
be accomplished at a much faster clip
than was possible by the old style
method OF drilling.
Within a radius Of half q mile there
are now three oil wells producing In
the Virgin river oil fields. in Washing
ton county Utah Two of the walls