The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1908-01-16
MINES AND MINING

ioSo anu ASVRl has tuc INNING lnuuS-
try Of America recorded falling of
In the value of its output.
Ore shipments from Park City for
the week ending January IL, in
pounds. were as follows: Silver King,
S17760; Daly-Judge, 475,000; DAILY
West, 100000; total. 1,792,760 pounds.
The total production of copper in
the United States for 1907 was not
far from S900O0,O00 pounds, valued at
1881, 916.000, which is equivalent to
nearly 60 per cent of the worlds sup.
ply.
In December Utah mines are cred
tied with production of S,500,000
pounds of copper, as against 10000
600 for November. The December
lead output is given as 10,750,000
pounds.
One hundred and twenty miners
left Salt Lake on January z to work
in the mines of Goldfeld. Most of
the men we're miners who had lost
their position as a result of the close
down of tie Park City mines.
If the United States continues to
multiply It's production of gold at the
rate it has in the last seven years,
that is. from s6.000.000 to $4,000 600
per annum, it will not be long before
the Transvaal will have to forfeit first
place.
The year 1907 will long be remem-
bered by the mining industry for its
six months of unusual prosperity,
three months of relaxation and three
months of surprising depression,
writes G. G. Schatterback of the Min
ing World.
The whole camp Of Yerington, Ne
vada, is rather quiet, but practically
all the large companies now closed
down, with the exception Of few
men each, are ready and equipped for
the old-time activity as soon as the
word to start Is given.
The Soddy Coal company, operating
| mines and coke ovens at Rathburn,
sixteen miles from Chattanooga,
Tenn, has closed down the plant and
about 100 men are idle. The men
lSoiStcu plOpOotu IeuuCtlOn III
wages amounting to 10 per cent.
An injunction restraining the Mon
tana Mining company, Limited, from
mining the compromise 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 Will
liam H. Hunt of the federal court at
Helena last week.
Undoubtedly the most profitable
branch of the metal mining industry
in the United States is copper, judg-
ing by the fact that twenty-seven of
these properties have paid dividends
amounting to the large total of $780,
| 405,42S for 1907. The average return
for the year was about % per cent on
the outstanding capitalization of $17S,-
| 765,275.
Bullfrog papers announce that the
Bullfrog Leasing & Milling company
| expects to have its twenty-five-ton
cyaniding plant in commission by the
| first Of The coming month. This com
pany owns lease ON the Bullfrog
Pioneer group, and the officials expect
by the close of the year to have a
plant capable of treating $50 tons of
ore per day.
Representative 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 remainder in forty-five days. En-.
couraged by this new ruling of the
smelter trust, several mines are pre-
pairing to start up.
Heretofore the borax supply for the
whole country has come out of
Death Valley in Nevada, and 1t was
understood that little borax ground
was to be found elsewhere. Now
Harvey county, Oregon, has entered
the field, and 1t Is said has a large
area of very rich borax deposits, and
several different companies 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 dis
tinctly is a milling camp, and 1t will
be only by the installation of mills
that stockholders in Bullfrog mines
will be able to secure a substantial
return on their investments, says the
Salt Lake Tribune.
A gratifying feature of the last year
has been the payment in dividends OF
| $175,512,7i7 by 1877 concerns affiliated
with the mining and metallurgical in
| dustries of the United States. Since
their incoi poration these 1877 con
Germs have declared in dividends the
fabulous sum of $1,497, $50, which
is equivalent to about IS per cent or
the outstanding capitalization of 81,
| 702,04G,4S2.
A new oil company was organized
in Utah last week under the name o.