The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1908-05-29
MINES AND MINING

the American smelling and Refining
company H June will either cut down
or do ave-. with the dividend ON tho
common Ho. ON account OF small
profits.
From n lH comes the report that
the Utah Copper company ls now max.
ing copp a, the rate of 32joOOO
pounds u. month nt cost Of 81
cents per pound. after dcducting the
expense from the mine TO the market
oil IS advancing an the time. ana
one in a position to know declares
that the demand this year IL going 10
be 100000 barrels In excess Of tho
supply, unless some extensive new
fields arr discovered and developed
An air compressor Is now busy at
the Hub mine. near Milford. while de.
velopmrnt work ia being vigorously
prosecuted. There Is now over eighty
tons Of ore uu the dump az the Hub
which Is valued at between 500 and
$500 per tom
The activity for the current season
with the Lost Packer Mining com.
pany OF Idaho has already commenced
During the season NJ 1907 the Lost
Packer company cleared total Of
100000 from not over a thirty days
run Of iis now smoltor
Since The unwotorInr of the ontario
drain tunnel there has been au un.
usual demand for the stock N that
celebrated Park city property, but II,
seems that there is little stock to DO
found IN the open market. the holders
evidently looking for bcttor results In
the way Of production than In tho
past.
Work IS progressing rapidly in
cleaning out the caycd portion OF the
drift between Nos. 2 and shafts on
the i,jOOfooi level NJ the ontario at
Park city, aud it will be only a short
time until the draining Of the mine Is
complete and work resumed In tho
ground that has been flooded for so
long
The annual report Of the Anaconda
Copper Mining company for the year
1907, submitted 10 the Stockholders
meeting at Anaconda Mont. las,
week, shows that. owing to the re-.
strlctlon Of the output and the close
down Of the mine. the profits were
less than the year before. being 50.
37s.22O
Samuel Newhouse. who recently
made a trip OF inspection to his prop
critics nthe Phoebe district. declares
be never had the least conception AZ
TO the value Of the properties he had
acquired upon the recommendation oil
Others until this visit. and that he
was simply bowilderod with what b,
had seen.
The camp Of Gold Circle. Nevada. Il
unique for a Nevada region by vlrtul
OF the presence OF an abundance o
water for mining and milling pur
poses Usually the lack Of water 1
one OF tho most serious obstacles 4
overcome In putting a Nevada cam
oh its feet so that II may become
dividend payer.
A new smelling combination was o
ganized last week for the purpose {
operating In the Utah field. The me-
company, which win be known M N
Independent Smelling company,
backed by Utah capital. and has Fl
cured n lease on the plant at ogdel
which has already proven TO be
great success.
Fluerine Is a new section. abor
fourteen miles from Rhyolite, on IN
east side OF the Bare mountain rang
end almost directly south OF Beatt
This particular section has bee
known as n minoralizod country f
about three years, but II Is only r
Gently that there has been any exclt
inent over the discovery.
Il. Chopin Gard. a mining promote
with onices In Denver. has been Il
dlcted by the federal grand jury q
the charge OF using the mails In IN
,herance OF schemes TO dofraud, II
Ia alleged 20 have sent out Allurin
literature about properties In Boutl
q Urn Utah, which government inspe
ors claim did not Justify his ADVERT
- ng claims.
Excitement over the oil fields dl
r covered near Blum City. Utah, contii
ues TO run high in that section OF N
sountry. Latest news from the seer
2 pf operations tells OF u gusher Jul
p discovered, the output Of which Is o
+ llmAted at between 600 and TOO ba
h rels a day.
}. California oil men are beginning
Investigate the Virgin oil field. n nuI
@ osr OF prospective investors hayiI
y recently made a visit to the distrl
e and arc now looking into the matt
h Of transportation In case big wells n
r discovered. The Virgin district IL (
, the eve OF a boom.
The property OF the Clih Mini
A company at ophlr Is showing up In
. most encouraging manner. The ave
4 age width OF the vein Is said to
, twenty-five feet OF orc Of shippii
=. grade, several cars OF which are TO
= forwarded 10 the valley shelters d.
, Ing the present week
= The Nevada Douglas, at Yeringto
= has, by encounterlng tho same boz
Of rich sulphides on the G50-fo0t lev,
:, added another hundred feet OF bac
I