The Garland globe. [volume] (Garland, Utah) 1906-191?, 1908-03-28
MINES AND MINING


Virgin City has drilled down 900 feet
still going down.
An oil strike has been made near
Goodrich, San Juan county. Oil was
found at depth of 200 feet and
stands 140 feet deep in the we'll
The United States Smelling, Rein
ing & Mining company last week de-
clared a 50-cent dividend on its COM
mon stock and 1% per cent on its pre-
ferred stock.
Development work is to be re-
sumed in the Gold Eagle mine at
Neal, Idaho. II is the intention to
thoroughly explore the property, and
to that end work will be pushed Wig
orously
The Elk Coal company, whose prop
erty is located about six miles from
Kemmerer, Wyoming, is planning to
begin marketing coal from its mines
in the near future. The property is
said to be big one.
The camp of Rhyolite, Nevada, is
wild over Ladd mountain discoveries.
Men are sacking ore on Holt and
Lemle leases running 81 pound. An
eight-inch streak on Hollis is aver
aging $3.50 to the ton.
The New York Times says: The de-
mand for copper has so increased that
copper producing companies have
sold ahead to the extent of 100,000,000
pounds. This marks vast improve
ment in the copper trade.
Good values have been found in the
Celtic mine, according to the Boise
Statesman. The vein recently un-
covered is eight feet in width, and an
average sample of the entire eight
feet shows value of SIT in gold.
The Boise Ore Testing company has
completed its plant. A small test was
made on some ore from the Lubkin
property, 500 pounds being put
through. This ore was low grade, as
saying $3.50 a ton. An extraction OF
"a per cent was effected.
Cumberland Ely interests have re.
Gently summarized all of the samples
ever taken in its Veteran workings.
They find that the average of the as
says is $40 per cent copper. This i'm
cludes many samples taken In drifts
which extended beyond the limits of
the ore body and contained almost no
copper.
The gold mines of the TransvaaI
produced in 1907 $l36,75O,Oo0 worth
of gold, which, with the exception or
S5,OO0,O0O, was obtained along the
reef upon which is situated the city
of johannesburg. This information
comes to the state department from
the United States consul at Victoria,
South Africa.
The litigation affecting the Drome-
Diary Hump Mining company at Fair
view, Nevada, has been dismissed,
giving the company an absolute clear
title. The company shaft Is down 245
feet, and will be continued to the 300
foot level before prosecuting is be-
gun. It is equipped with 40-horse
power hosting plant.
A report covering the operations of
the Carisa Mining company in the Tin
tic district during the year 1907 has
been sent out to shareholders from
the eastern Offices of that corporation.
The net earnings during the period
accounted TO $3.50, representing the
J proceeds from 7,4S1 tons OF ore
shipped to the shelters.
Attorney Thomas j. Barry, Of Bos-
= ton, representing dissatisfied stock
holders of the Bingham Consolidated
: Mining company, has issued a circu.
, lar letter to all stockholders Of the
company, in which he says, II have no
, plan at present to propose My object
is to organize all dissatisfied stock
) holders and to endeavor to obtain
what rightfully belongs to u.s."
Representatives of most of the
) large steel companies of the United
States met in New York last week to
discuss trade conditions and prices OF
iron and steel. The necessity OF an
understanding as to the prices of pig
iron is said to be one of the causes OF
the meeting. II Is announced there
will be no change in the price OF
steel
> Several sensational strikes have
been made recently in the new gold
fields in upper Bull valley. about
forty.five miles north of st. George
: Utah. Some of the discoveries are
showing up ore worth $4,000 a ton
y while surface showings everywhere
/ in the district are very promising
d Hundreds of men have gone into the
). district In the past fortnight.
Work is to be resumed on the old
t Sunshine Gold Mining company's
y property at Mercur. The Sunshine
g is an ultra gold proposition, and in
e the early days was one of the lead
.. ing mines of the district its ores be
e ing high grade. Bad management
q caused a shut down. The people who
: are to take hold of the mine now
. confidently expect to make the prop
u erty earn dividends in a short time
. 1t is announced that there is a grea
2 deal OF excitement over the Cole