The Garland globe. [volume] (Garland, Utah) 1906-191?, 1908-03-14
MINES AND MINING

Fortunately, the occupants OF the up
per story escaped without injury
though scantily clad.
The success of the s1,5O0,00O Utah
Copper company bond issue is made
evident from the fact that sharehold-
ers' subscriptions to first installment
OF $750.00O, due March 2, aggregated
$4,000, leaving only $4,000 for an
derwriting syndicate.
The resumption of work in the
Butte mines means much for Butte.
When the full force is back ut work
in the Amalgamated properties, $500
more men will be at work than were
employed two weeks ago.
over $4,000 per month is being
paid cut at Pearl, Idaho, by the mines.
and that figure is to be increased dur
ing the summer, according to the re-
port of prominent mining man of
that camp. The sum paid out MONTH
ly at the Lincoln mine alone is over
$4,000.
The rumor was current last week
that the interests behind the indie
pendent smelter, to be erected in Utah
by Utah and eastern capitalists, were
planning soon to break ground for the
new enterprise, 1t being stated that
work is scheduled TO begin by the first
OF April.
Among mining men of Salt Lake
City the opinion prevails that the
farmers of Sandy are out of humor
with the United States company be-
cause the officials did not put up any
where from $4,000 to 100000 cash
for the privilege of running Its lead
furnaces.
The Logan Mining company, which
owns valuable iron deposits at Min
eral Point. in Cache county, held an
other stockholders meeting last week,
the result being the ousting of the old
management, which. 1t is asserted.
tried some high finance" methods a
while ago.
Renewed interest in the Virgin river
oil district has been aroused by the
announcement that Don Petty of Los
Angeles has secured the territory or
the Arizona Utah Oil company. Petty
Is connected with the Standard OIL
company, which leads to the BELIEF
that the Standard intends to prospect
this district.
IL is stated In eastern publications
that one of the considerations leading
the Ohio Copper company to consum-
mate the mooted deal with the Bling
ham Consolidated stockholders was
the acquisition thereby OF the Mas
cote tunnel This tunnel leads into
the Ohio Copper resources, tapping
them at depth.
The Mohawk Silver Mining conf
pany of Park City, with capital
stock OF $4,000, in shares worth 10
cents, has filed articles OF incorpora-
ton In the Office OF the secretary OF
state. The company owns the Queen
OF Hill group of nine claims and the
Happy Thought group OF three claims
al Park City.
L. II. Sloan, one OF the pioneers or
the Virgin River oil district, and one
OF the primo movers in the Utah-Vir-
gin Oil company, has recently pur-
chased an additional outfit from the
Oil Well Supply company, and is now
rushing the order through to the
fields to complete the well already
started by his company.
Word has reached Salt Lake of a
strike of oil in what has been termed
the Goodridge oil field, located about
twenty-five miles below Blum, Utah,
In San Juan county. The new field
gets its name from the main operator
In the district, Il. l.. Goodridge, who
| l.ll oil In mi
ests of Salt Lake parties.
The governing board OF the Salt
Lake mining exchange has decided to
arrange all the stocks on the board
In alphabetical order. Heretofore
there has been a distinction between
developed mines and prospects, the
listing fees being less for the latter
than for the former. But the listing
fee is now 500, regardless of such
distinction.
Pearl Idaho, twenty-five miles from
Boise, is now the third camp in the
state in point of payroll and money
expended for supplies. While the
Occur d'Alenes rank first, with Silver
City mines second, Pearl now holds
third place with abundant promise of
sustaining II.
Butte has for a quarter Of CEN
tury held the first position in copper
mining, and those who are best In
formed have no doubt IL will continue
to maintain that position indefinitely.
The mines are physically in better
, condition than ever before in the his
tory of the camp.
. Reveille, Nevada, Is not a new Sec
ton by any means. 1t was operated
in the '7O's, and was productive of
much wealth. A limited area is said
; to have given up a million and quar-
ter of mineral, and not a hole in the
; district deeper than 300 feet was
driven TO turn the trick.
Marysvale is still pegging along