The Utah County Democrat. [volume] (Provo City, Utah) 1898-1909, 1908-09-15
MINES AND MINING

.
acton capacity Chilian mill assays
Of ore taken from this property have
run as high as $500.
A big Pennsylvania coal mining
company will erect an extensive plant
10 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
mis- bank will consider standard, first
class mining stocks as good collat-
cral security for loans.
The total value Of the exports Of
iron and steel mot ircludins Oral for
the past fiscal !car Is S1S2,9S2 1S2.
which contrasts Interestingly With
$751; BOOST in 1907 and s1GS,9Si,9S5
III 1906
Mason valley stockholders took all
hut 500 shares Of the 10000 shares of
treasury stoik recentlF offered by
the company at 81 and underwriters
viii receive only the small amount
mentioned.
The payrolls OF the camp Of Ely,
Nevada. now 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. II is to be
built on Little Cottonwood creek,
about two miles below Alta and will
develop from 300 to 4cO 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. a 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
Death 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 IA 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 $780,
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 be made there On one property
Mr.. Chafey and his associates drove
a sixty-foot shaft from which thew
each cleared 81 400. after paying all
the expenses incident to the work.
The Steptoe smelter is now making
from fifteen TO twenty tons OF blister
copper a day. and has made as much
as thirty-two tons in one day. with
a 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 a ledge 175 feet wide. carrying
an average value clear across of
close to So per ton. Streaks occur
which yield as high as $1,000 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 Heinze 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
If the last fiscal year, the total value
being $39355,759 as compared with
s34,727762 in 1907 and $2s.2l6.376 in
1905. or the 1908 exports Canada
received coal to the value OF $30,342..
CAT, as against $27 022,470 in 1907:
Mexico, s2,7l3,474, against s326S. 5S5 /,
and Cuba, s2,15S 1870 in 1908. against
S2l11,72l in 1907.
The work of reconstruction and en-.
lorging at the zinc plant is going on
IN good shape, and the work win be
pushed to completion with all pos.
sible speed, says the Park City Rec
ord With its Increased capacity the
output will be more than double what
Il has been.
In regard to a reported deal for
Ely Witch in which the Guggenheims
figure, the Ely News says that Il is
well known there that within the last
I few mOnthg n COun1a NJ avap,fnat fo,,o