Mountain Home maverick. [volume] (Mountain Home, Idaho) 1906-1911, 1908-01-30
Mines and Mining

idonds of $1755, 12,717 by 1877 con-
Germs affiliated with the mining
and mteallurgical industries of the
United States. Since their in
corpor alton these 1877 concerns have
declared in dividends the fabulous
sum of ST, 497, 1872, $50, which is
equivalent to about IS per cent on
the outstanding capitalization of
81, 7o2, o46, 4s2.
/ A new oil company was organ
lied in Utah last week under the
name Of the Iasb Oh and Pipe
Line company. Their wells will
be at Juab station on the line of
the Salt Lake Route, where all ex-
perts who have visited the country
are sure of favorable results
There are fully 1000 people in
Rawhlde, Nevada, now, plenty of
all sol is of stores have been added,
and the camp is prosperous. The
sale of lots in the town began last
August and some lots that sold
then for $40 each are now COM
manding prices as high as ST., 500.
Goldfield Consolidated Mines
conIpan has an issued capitalization
of approximately $3.50, 900 shares
of the par value of $40 each. Fig
uring the ore in sight at S25, 900, 900
and deducting 40 per cent for
freight, treatment and smelter
charges, would leave net profit
of $12, 500, 900.
The gold output of the United
States has made a new high record
at about 100000, 900 for 1907.
Had there not occurred labor
troubles, notably in Nevada, South
Dakota and Alaska, the increase
for 1907 would have been more
than SO, 900, 600 as compared with
1906.
An injunction restraining the
Montana Mining company, lin
tied, from mining the sscom-
promise strip during the tendency
of the suit concerning its possession
in which the ST. Louis Mining &
Milling company is the plaintiff,
was granted by Judge William H.
Hunt of the Federal court at Hell
ena last week.
Undoubtedly the most profit
branch of the metal mining indus
try in the United States is copper,
iudgi ing by the fact that twenty
seven of these properties have paid
dividends amounting to the large
total of $50, 4O5, 428 for 1907.
The average return for the year
was about % per cent on the out
standing capitalization of $17s,-
765, 275.
Bullfrog papers announce that the
Bullfrog Leasing & Mining COM
pany expects to have it's twenty
five ton cyaniding plant in commits
sion by the first of the coming sea-
son month. This company owns a
group and the officials expect by
the close of the year to have plant
capable of treating SO tons Of ore
per day.
Representatives of the smelter
trust have announced that they
are now prepared to take all
Goldfield ores offered up to 500
in value, and pay cash therefor.
On ores running higher they
will pay 500 cash and the re-
maindcr in forty-five days. En-
couragcd by this new ruling of the
smelter trust, several mines are
preparing to start up.
Heretofore the borax supply for
the whole country has come out of
Death Valley in Nevada and it was
understood that little borax ground
was 10 be found elsewhere. New
Harvey county, Oregon, has en-
tered the field and it is said has "a
large area of very rich horax de-
posits, and several different COM
panies Will begin work in the
spring.
The Bullfrog district of Nevada
is full of two things, one being low
grade gold ores, the other being
rumors of concentrating plants
The camp distinctly is a milling
camp and it will be only by the in :
stallation of mills that stock holders
in Bullfrog mines will be able to
secure substantial return on
their investments, says the Salt
Lake Tribune.
The December lead output is
given as 10, $50, 900 pounds.