The Garland globe. [volume] (Garland, Utah) 1906-191?, 1908-06-20
MINES AND MINING

The Davis-Kearns Brokerage com
pany of Salt Lake City was forced to
suspend last week, as the result Of
overlooking on stocks that had gone
down in price.
1t now seems that a smelter is as
sured for the Spring Mountain dis
trict, Lemhi county, Idaho, capitalists
from Pittsburg having become inter
ested in the project.
The old reliable DAILY West, at Park
City, is to resume operations. Some
few men have already been hired and
by the first of July this great produces
Will be again In the heavy ore ship
| ping column.
The gold production of the world In
1905 was s377,647.7O0. and in 1905.
$400,342, 100. an increase Of $22, 6s4, 900.
or six per cent; In 1907 the yield was
s405,00O.000, an increase of s4.657. 300.
or one per cent. !
| The annual consumption Of gold in.
the Industrial arts OF the world is sur
| prisingly large and cannot be accu-
rately determined, but from the best
available data It appears to be in the
neighborhood Of s100,000,0 900.
| The week ending June Is proved to
be most satisfactory week from the
point OF business transacted on the
Salt Lake mining exchange. The
number OF shares dealt In was 1885,
1894, the selling value of which was
| 5000, 4S1.02.
Experienced miners Just returned,
from the new mining discoveries ON
Hornet creek, about twenty miles
northwest OF Council Idaho, report Il
one of the richest strikes in the state
Assays show values of from SO to sos
to the ton of free gold.
The Frye-Sandifer lessees have In
augurated an important deep mining
project at their new shaft recently
started on the Mazuma Hills vein ON
the Therein ground, at Seven Troughs.
Nevada. The shaft Is to be sunk 500
to 500 feet deep as fast as possible. E,
The metallic mineral deposits Of
Mohave county, Arizona, were known
as long ago as the early sixties, when
rich gold ore was discovered In what
has since been called the Moss mine.
about four miles northwest OF Gold
Road, near the old Camp Mohave trail.
There is definite rumor in mining
circles that the Amalgamated Copper
interests will soon be In control Of
the Utah Copper, Nevada Consolidat-
ed and Cumberland-Ely companies,
through transfer of stock in these COM
panies now held by the Guggenheims.
A prominent Salt Lake mining man.
after trip to Nevada, is quoted as
saying: II don't want to be counted
as knocker for any mining region.
but every time l go away from homo
/ become more and more convinced
that there is no such mineral country
anywhere as we have right here In
Utah."
From the Canadian border to Mex
leo there is not a more promising
mining camp than Pearl Idaho, which
has larger bodies of ore running from
IS to $40 per ton in gold and silver
than can be found In nearly any min
ing camp In the whole western min
Ing region and show continuation
with depth.
The Inlay Mining company shipped
car of fine ore from Humboldt sta.
ton, Nevada, to the Ogden smelter
last week, and developments at the
mine have been very satisfactory for
the past month. Assays of ore at the
mine show that the ore Is growing
more valuable as the south drift IL
sent into the hill.
At a cost OF $2,4O0,000 the Telluride
Power company has completed the
first unit Of its gigantic hydro-electric
power plant on Bear river, near
Grace, In this county. says the Pocar
tello (Idaho) Tribune. and the tire.
mendous resources of the plant win
be called on to supply power to mines
In Idaho and Utah.
Another carload OF exceedingly rich
lead-silver ore from the Utah Mine
company's Fish springs property was
sold in Salt Lake last week, under
controls showing 1853 ounces silver and
43 per cent lead. There was thirty
eight and one.half tons In the lot
and the smelter issued check for
S3,S75.5l in payment for II.
wonderful mineralized ledge Is
! attracting considerable attention
among mining men in the Boise basin.
This ledge, with its prominent surface
outcroppings OF quartz, can be traced
for hundreds Of feet across the Nc
Kinley and Great Divide properties M
Jupiter mountain. Assays recently
obtained show values that run into
the high figures.
The news comes from Great Falls,
Mont, that the electrolytic smelter
. OF the Boston 4 Montana, one OF the
Amalgamated Copper companies, will
be closed down for two months, dur
> ing which time the Boston & Montana
mine in Butte will remain closed, un-
less arrangements can be made to han
die the ore of the company at Ana
, conda, Five thousand men are az