The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1908-03-26
MINES AND MINING

The Star-Crescent Oil company at
Virgin City has drilled down 900 feet
| and have flow of gas, The drill Is
still going down.
An oil strike has been made near
/ Goodrich. San Juan county, Oil was
! found at depth of 200 feet and
stands 140 feet deep in the well.
The United States Smelling, Rein
| ing q Mining company last week de-
clared 50-cent dividend on its COM
mon stock and 1% per cent on its pre-
| ferred stock.
Development work is to be re-
sumed in the Gold Eagle mine at
| Neal Idaho. 1t Is the intention to
| thoroughly explore the property, and
TO that end work will be pushed Wig
orously
The Elk Coal company, whose prop
erty is located about six miles from
Kemmerer, Wyoming, is planning to
begin marketing coal from its mines
in the near future. The property is
said to be a big one,
The camp of Rhyolite. Nevada, is
wild over Ladd mountain discoveries.
Men are saoking ore on Holt and
Lemle leases running 81 pound. An
eight-inch streak on Hollis is aver
aging $3.50 to the ton.
The New York Times says: The de-
mand for copper has so increased that
copper producing companies have
sold ahead to the extent of 100,000,000
pounds. This marks vast improve
ment in the copper trade.
Good values have been found in the
Celtic mine, according to the Boise
Statesman. The vein recently UNI
covered is eight feet in width, and an
average sample of the entire eight
feet shows a value of $17 in gold.
The Boise Ore Testing company has
completed it's plant A small test was
made on some ore from the Lubkin
property, 500 pounds being put
through This ore was low grade as
saying $3.50 ton. An extraction OF
"a per cent was effected.
Cumberland Ely interests have re-
Gently summarized all of the samples
ever taken in Its Veteran workings.
They find that the average of the as
says is $40 per cent copper. This in.
cludes many samples taken in drifts
which extended beyond the limits of
the ore body and contained almost no
copper.
The gold mines of the Transvaal
produced in 1907 $136,750,000 worth
of gold which, with the exception of
$5,000,000, was obtained along the
reef upon which Is situated the city
of johannesburg. This Information
, comes to the state department from
, the United States consul at Victoria,
South Africa.
9 The litigation affecting the Drome-
Q dairy Hump Mining company at Fair
g view, Nevada, has been dismissed.
1 giving the company an absolute clear
s title. The company shaft is down 245
feet, and will be continued to the 300
5 foot level before prosecuting is be-
. gun. It is equipped with 40-horse
a power hosting plant.
t A report covering the operations of
, the Carisa Mining company in the Tin
r tic district during the year 1907 has
e been sent out to shareholders from
the eastern offices of that corporation.
The net earnings during the period
accounted to $3.50, representing the
g shipped to the shelters.
Attorney Thomas ]. Barry, of Bos-
ton, representing dissatisfied stock
t holders of the Bingham Consolidated
: Mining company, has issued circu-
1 lar letter to all stockholders Of the
3 company, in which he says, ~ have no
plan at present to propose. My object
is to organize all dissatisfied stock.
d holders and to endeavor to obtain
t what rightfully belongs to u.s."
S Representatives of most of the
large steel companies of the United
0 States met in New York last week to
r discuss trade conditions and prices of
h iron and steel. The necessity of an
e understanding as to the prices OF pig
!. iron is said to be one of the causes of
4 the meeting. II is announced there
will be no change in the price of
steel.
, Several sensational strikes have
@ been made recently in the new gold
a fields in upper Bull valley. about
forty-five miles north of st. George,
Utah. Some of the discoveries are
= showing up ore worth $4,000 ton,
while surface showings every where
in the district are very promising.
Hundreds of men have gone into the
n district in the past fortnight.
s. Work is to be resumed on the old
It Sunshine Gold Mining company's
II property at Mercur, The Sunshine
e. is an ultra gold proposition, and in
If the early days was one of the lead
ing mines of the district, its ores be-
ing high grade. Bad management
caused shut down. The people who
are to take hold of the mine now.
n confidently expect to make the prop
erty earn dividends in short time.
1t is announced that there is a great
If deal of excitement over the Gold
e Circle camp, in Nevada, and that
Is three automobile lines are plying be-
n. tween the railroad station at Col