Mountain Home maverick. [volume] (Mountain Home, Idaho) 1906-1911, 1908-02-06
Mines and Mining

met last week in regular monthly
session and posted the usual divi-
dend of 3 cents per share, or $4,000 |
in all.
A quarterly dividend Of one-half
of one per cent was declared by the
AmaIgamated Copper company on
the 10th. The previous quarterly
dividend was one per cent.
Copper is still being shifted to
Europe in an attempt to lessen
here and stiffen the market, but
the result does not meet with much
success
The Utah Copper mine and mill
are running full blast. At the mill
from seventeen to twenty cars day
are being used and at the mine from
IS to 100 cars day.
An appeal has been issued to the
Salt Lake Valley farmers to accept
the proposition of the Utah, Consol-
idated company to pay SIPS, 900 and
stand damages in order to run its
valley smelters another fourteen
months.
Utah mine operators representing
more than fifty producing mines
and practically all of the product
i've camps, held most enthusiastic
meeting in Salt Lake last week and
ragnized the Utah Mine Op erators
association.
1t is announced that the mining
operators of Montana have secured
the ser vices of a prominent member
of the American congress who is to
organize a state Mine Operators
association such is under foramtion
for Utah.
To exploit and advertize the oil
interests, Juab county, Utah, is to
have weekly newspaper devoted
entirely to those interests. 1t is to
be known as the Jusb County Oil
Derrick. Experts have discovered
well-deifncd oil belt four miles
long and 500 feet wide.
Down on the lower levels of the
Mohawk mine at Goldfisld, the
management has opened "a feet OF
ore which will not averase below
$3.50 to $500 per ton, and with
practically no Eground yet developed
according TO the ground available.
It 10 learned on reliable authority
that a concerted effort Ia being made
by the mining companies OF Nevada
and other western states to create
greater demand for silver, and IN
that manner influence the govern
ment to increase its purchase OF
that metal. The plan is to pay OIL
the employees in half silver.
What differences that have exist
ed between the Miners union and
the Mine Owners association at
Phoebe in relation to the wage scale
have been satisfactorily adjusted
for the present at least AS re-
suit the Nevada-Utah corporation
has very materially increased its
working force at the Day mine.
Last week IS mechanics were
sent from Salt Lake City to McGill,
New. to work on the big milling
and smelsing works at that place
Aiiybut few of the men sent out
were bricklayers, and the object, -
is said, is to rush the construction
work Sc the mill and stnelter may
begin operations by April.
The directors OF the Boston &
Montana Consolidated Copper and
Silver Mining company, one OF the
constituent companies OF the Anal
agmatcd company, last week declar-
ed a quarterly dividend OF 81 per
hare and ST. extra. This compares
with So a share regular and 81 pei
share extra three months ago.
lust now, after two or three
months retrenchment in production
and s'housc cleaning" the coppel
trade is assuming a somewhat bet
ter atmosphere appearance. Prices
show fractional recovery and will
easier money even the copper shar'
market is improving, and the price
will probably hover around S cents
For some time past there ha
been developing tidal wave OF DIS
content bet .vcen the smaller mine
and the American Smelling & Re
filming company, as RESULT OF tn
arbitrary manner in which or
treatment charges are regulated
AS a result the small producer /
talking of independent refinreies a
a means of getting even.
A review of the metal market c
1907 shows some interesting fea
lures. 1t appears that the slum
did not affect all the metals to tn