The Garland globe. [volume] (Garland, Utah) 1906-191?, 1908-09-19
MINES AND MINING


The Gold Point Mining company,
on Red river, in Idaho, has ordered
4O-ton capacity CHILEAN mill, assays
of ore taken from this property have
run as high as $780,
A big Pennsylvania coal mining
company will erect an extensive plant
IL treat railroad ties and other tim.
bers with creosote and zinc chloride
20 extend their life.
A Los Angeles, California. banker
has within the week announced that
his bank will consider standard, first
class mining stocks as good collat-
oral security for loans
The total value Of the exports of
iron and steel mot including oral for
the past fiscal car, is $1S3,9S2,1S2.
which contrasts Interestingly With
1881 ,530,S71 in 1907 and s16S,9S4, $50
in 1906.
Mason valley stockholders took all
but 500 shares of the 10000 shares of
treasury stodk recentN offered by
the company at 81. and underwriters
will receive only the small amount
mentioned.
The payrolls of the camp OF Ely,
Nevada, snow aggregate $4,000 per
month. This, of course, covers the
country from the Veteran mine of
the Cumberland.Ely company to the
mills and smelters at McGill.
A power plant for Alta district,
Idaho, is about to be built by a syn
dictate of Alta operators. 1t is to be
built on Little Cottonwood creek,
about two miles below Alta and will
develop from 300 to 400 horsepower.
From the Seven Troughs district
comes word that the Seven Troughs
Eclipse company's new shaft has cut
an ore body which leaves no room to
doubt that the property is to become
one Of the leading producers of the
district.
The estimated production OF the
Butte mines for August was 25,317.-
700 pounds of copper, decrease of
$4,000 pounds from the July output,
hut with the exception of July and
May the largest yield of any month
Of the past eight.
Mining activity in the vicinity of
Geath valley, which in the heydey OF
the Greenwater and Skidoo excite.
ments was booming has sunk back
to the dead.level of the lonesome
days following the farewell of the 20.
mule borax teams.
Michael Sweeney of Spokane, who
recently acquired control of the
Crackeriack mine in Buffalo Hump,
has a force of 80 men at work on
wagon road between Buffalo Hump
and Orogranda, as he Is preparing to
open the mine this fall.
While removing huge rock which
was in his way, c. p. Johnson uncov.
cred ledge which promises to be
one OF the richest discoveries in the
Blacktail district OF Idaho. Specimens
showed II TO be extremely rich in
gold, silver and copper.
Gold Valley is the name OF a new
mining camp in the Gold Belt Mining
district, about 2S miles southwest OF
Hart and II miles southeast of Gina
on the east slope OF the Providence
range, in Nevada. Quite n rush is
now on for the new camp.
A big ENGLISH syndicate has taken
over the Colman borax mines In the
Belleville, Cal, mining district. A
working capital in the sum of 100000
IL to he provided, Of which sun $40.
Goo will be forthcoming at once, with
which to start development work.
Word from Chafey, the new Ne.
vada camp. shows how quickly money
can he made there. On one property
Mr.. Chafey and his associates drove
siXtv-foot shaft from which they
each cleared Sl.400. after paying all
the expenses incident to the work.
The Steptoe smelter is now making
from fifteen to twenty tons Of blister
copper day, and has made as much
MS thirty-two tons in one day. with
unit and a half in operation tho
amount OF ore that is going through
the concentration is 1000 tons a day.
The Sunbeam, at Custer, Idaho,
Shows ledge l75 feet wide carrying
an average value clear across Of
close to IS per ton. Streaks occur
which yield as high as $4,000 per ton.
The ore is absolutely free milling and
the property is marvel of richness.
The Stewart mine, near Wardner
has been financed, according TO news
from New York, where the stock OF
the United Copper company has
taken a storing rise, based on the be.
lief that F. Augustus Heinzc has been
able TO finance the Stewart, the Ohio
and the Davis-Daly properties with,
out losing his grip on them.
Coal exports have greatly increased
II the last fiscal year, the total value
being S39355,759 as compared with
s34.727,7G2 in 1907 and S2S,2lG,37G in
1906. OF the 1908 exports Canada