The Garland globe. [volume] (Garland, Utah) 1906-191?, 1908-05-30
MINES AND MINING


or do away with the dividend on the
common stock on account OF small
profits.
From Boston comes the report that
the Utah Copper company is now max.
ing copper at the rate of 3,2b0,0O0
pounds per month at cost OF Sh
cents per pound. after deducting the
expense from the mine to the market.
Oil is advancing all the time, ana
one in a position to know declares
that the demand this year is going to
be 100000 barrels in excess OF the
supply, unless some extensive new
fields are discovered and developed.
An air compressor is now busy at
the Hub mine, near Milford, while de-
velopment work Is being vigorously
prosecuted. There is now over eighty
tons of ore on the dump at the Hub
which is valued at between 500 and
5000 per ton.
The activity for the current season
with the Lost Packer Mining com
pany of Idaho has already commenced.
During the season of 1907 the Lost
Packer company cleared total of
100000 from not over a thirty days
run of its new smelter.
Since the unwatering of the Ontario
drain tunnel there has been an UNI
usual demand for the stock of that
celebrated Park City property, but II
seems that there is little stock to be
found In the open market, the holders
evidently looking for better results in
the way Of production than in the
past.
Work Is progressing rapidly In
cleaning out the caved portion OF the
drift between Nos. 2 and 3 shafts on
the 1,500-foot level OF the Ontario at
time until the draining of the mine Is
complete and work resumed In the
ground that has been flooded for SO
long.
The annual report OF the Anaconda
Copper Mining company for the year
1907, submitted to the stockholders
meeting at Anaconda, Mont, last
week, shows that, owing to the re-
striction of the output and the close
down OF the mine. the profits were
less than the year before, being 49,.
37S,22O.
| Samuel Newhouse, who recently
made trip of inspection to his prop
critics l nthe Phoebe district, declares
| he never had the least conception as
to the value of the properties he had
acquired upon the recommendation OF
others until this visit, and that he
was simply bewildered with what he
had seen.
The camp of Gold Circle, Nevada. is
unique for Nevada region by virtue
of the presence of an abundance of
water for mining and milling pur.
poses. Usually the lack of water is
one OF the most serious obstacles to
overcome In putting Nevada camp
on its feet so that it may become a
dividend payer.
A new smelling combination was or
ganlZed last week for the purpose OF
operating in the Utah field. The new
company. which will be known as the
Independent Smelling company. IL
backed by Utah capital, and has SO
cured lease on the plant at Ogden
which has already proven to be 6
great success.
Fluerine Is new section, about
fourteen miles from Rhyolite, on the
cast side Of the Bare mountain range.
and almost directly south of Beatty
This particular section has been
known as a minerallzed country for
about three years, but 1t is only re
Gently that there has been any excite
inent over the discovery
Il. Chopin Gard, a mining promoter
with Offices in Denver, has been In
dicted by the federal grand Jury on
the charge Of using the malls In fur
therance OF schemes to defraud. He
Is alleged to have sent out allurins
literature about properties In south
nn Utah, which government inspec
tors claim did not justify his advertis
ng claims.
Excitement over the oil fields dis
covered near Bluff City, Utah.. contin
ues to run high In that section of the
country. Latest news from the scene
of operations tells OF a gusher JUS
discovered, the output of which is es
tlmated at between coo and 700 bar
rels a day.
California oil men are beginning II
investigate the Virgin oil field, mum
Der Of prospective investors hayinl
recently made a visit to the distric
and are now looking into the matter
OF transportation in case big wells are
discovered. The Virgin district is OF
I the eve Of boom.
/ The property of the chin MINING
3 company at Ophir is showing up in 9
c most encouraging manner. The aver
= age width of the vein is said to be
I twenty-five feet of ore of shippins
a grade, several cars OF which are to b(
{ forwarded to the valley smelters dur
ing the present week
D The Nevada Douglas. at Yerington