The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1908-03-19
MINES AND MINING

The success of the 81 SOC. 900 Utah
Copper company bond issue 10 made
evident from the fact that sharehold-
ers' subscriptions 10 FIRST instailment
OF S75o, 200. due March 2, aggregated
$4,000. leaving only $4,000 for un-
derwriting syndicate.
The resumption of work In the
Butte mines means much for Butte.
When the full force is back at 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 OFT at Pearl. Idaho, by the mines,
and that figure is to be increased dur
ing the summer. according to the re-
port of a prominent mining man of
that camp. The sum paid out month.
ly at the Lincoln mine alone Ia over
$40, 1000.
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 thar 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 tts 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, ii 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 of
the Arizona Utah Oil company. Petty
is connected with the Standard Oil
company, which leads to the belief
tnat the Standard intends to prospect
this district.
1t is stated in eastern publications
that one of the considerations leading
the Ohio Copper company to consum-
mate the mooted deal with the Bing-
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 COM
pany of Park City, with a 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
at Park City.
L. H. Sloan, one of the pioneers OF
the Virgin River oil district, and one
OF the primo movers in the utaa-Vir-
gin Oil company, has recently pur-
chased an additional outfit from the
Oil Well Supply company, and Is now
the order through to the
fields to complete the we'll 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
miles below Bluff, Utah,
In San Juan county. The new field
gets its name from the main operator
in the district, e. L. Goodridge, who
has been drilling for oil In the inter
ests of Salt Lake parties.
The governing board Cd the Salt
Lake mining exchange has decided %
arrange all the stocks on the board
in alphabetical order Heretofore
there has been distinction between
developed mines and prospects. the
listing fees being less for the latter
han for the former. But the listing
lee is now 800, 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
bird place with abundant promise OF
1t.
Butte has for quarter of q zen
ury held the firsr position in copper
and those who are best in |
ormed have no doubt II will continue !
o maintain that position indefinitely /
The mines are physically In be1 ter /
than ever before In the his
DRY of the camp
Reveille. Nevada, rs not a new SEQ
ion by any means. II was operates
n the '70's, and was productive Cd /
much wealth A limited area is said
o have given up a million and a quar-
er of mineral, and not a hole In the
istrict deeper than 800 feet was
riven to turn the trick.
Marysvale is still pegging along |
lowly. feeling the effects OF the imam |
ial panic. although to a much less de- |
rec than a month or so ago. The |
,test happening OF interest ia the &C |
uisition by prominent Salt Lake min. |
lg interests of the Bully Boy and |
Webster milling plant
A carload consignment of about
,rty tons of shipping ore from the
ruperty OF the Seven Troughs Mining /
ompany. commonly known as the /
airview mine. was sent 70 the smell /
n last week under armed guard. the
wners deciding TO take any chances |
y losing the rich ore.