The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1908-05-08
MINES AND MINING


morning.
The amount OF business done on
the Salt Lake mining stock exchange
during the month OF April was a III.
tie over one million dollars. 2,2l2.765
shares OF stock changing hands
The long task OF draining the on
tarlo mine at Park city is nearing
the end. and II is expected that II will
be only short time now until the
men are exploring the 1900 level.
Al the annual meeting, held last
week at Butte, Of the Boston a Mon
tana Consolidated Copper & Silver
Mining company stockholders, the old
board OF directors was again chosen.
During the month OF April the ore
and bullion settlements In the Salt
Lake market as reported by McCor.
nick a Co.. amounted to Sl,2siOO0,
which is about $4,000 more than the
record for March.
A $40 token issued by the Cincin.
natl Mining company in lSig was
sold at auction In London last week
and purchased for an American at
S2,l75. There Is only one other SINH.
| lar token cxtant
Wagons are now being taken
through the snow right into the town
OF Alta, according to the latest re-
ports from that camp The snow ia
disappearing more rapidly this spring
than for many seasons past
After more than year OF dificul.
ties at the mine and mill OF the Con
solidatod Mercur company at Mcr-
cur. Utah. the company rs now pound
! Ing away to splendid purpose. Dur.
ing March the output OF gold bullion
was valued at $4,000.
Leading authorities assert that tho
consumption Of copper In this country
has increased from ijOOO.OOu pounds
per month last October or November
| to 100000 pounds. a normal month
I ~ consumption In prosperous times 10
from 100000 TO 5O,OOO,0OO.
The senate committee on mines
and mining has reported fayoWbly
the bill TO ondow schools uf mines on
departments Of mining In state odu'
catlonal institutions. The bill Ia
similar 20 the one reported favorably
from the house mining committee.
Orders were placed last week for q
car OF lumber and mining timber In
the Northwest by the Seven Troughs
Eclipse Mining company This is tho
second step taken by this Seven
Troughs company for beginning tho
plan Of driving n new shaft 10 depths.
A series OF big discoveries on tho
Snow squall claims, belonging TO n.
II. williams and Frank Crumpackcr,
has suddenly turned the attention OF
the Seven Troughs district TO Victor
canyon, between Burnt canyon and
Farrell, at the north end OF the dis
triot Two feet OF $50 ore has been
encountered.
$, s. Rosenstamm. who Is associat
ed In business with Adolph Lewis
sohn. says that In his opinion tho
time for low priced copper has gone
by. The improvements that are un
der contemplation by the pcnnsylya
MIA and other railway systems can
not but help improve the copper stu
alton. he says.
A Boston dispatch says the reasons
for the recent break in Montgomery
Shoshone stock is the fact that doycl
opments OF the last six months have
been disappointing and the reports
show that much OF the ore Is below
commercial value; that the mines
future will depend largely upon fu
ture development.
The production Of copper for April
In the Butte district is estimated In
excess OF 25,OOO.OOO pounds, North
Butte's share was 100000 pounds
Butte Coalition produced from tho
Rarus mine alone 100000 Ana
conda's production IL In excess OF 4.
coo. 900 pounds. and Boston q Montana
nearly 100000 pounds.
The news comes from Butte that
orders have been issued 10 nearly all
shift bosses Of Amalgamatod. and pre-
sumably to North Butte and Butte
Coalition. TO mine less flrstclass ore
In some mines the miners have beer
taken OF nrst class entirely The
presumption Is that the companies
iind they can make money under pres
ent economies on lower grade ore
a well known Utah mining opera
tor, speaking OF the confidence he has
In the future Of Rawhlde, Nevada
says he has recently expeded $4,000
in cash In the camp, both in the ac
QUESTION and development Of proper
ties within the boundaries OF the dis
trict.
The new mining camp OF Bull Val
ley. In southern Utah. is thirty-nvC
miles from Acoma, on the Salt Lake
Route, and about the same distance
from 81. George, The ore bodies ar,
from three TO four feet In thickness
and assays OF $500 gold TO the ton ar,
not uncommon.
Results from the FIRST cleanup al
the Celtic mill at Boise are highly
satisfactory to the management. Thii
cleanup was made on Monday OF lasI
week, after rs tons OF ore were puI
through, A total OF $500 In gold wal