The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1908-06-18
MINES AND MINING

last Wcch, WuiCn lHdhSs SlA III Oil lhds |
are dropping.
The Dewey and Lucky Ridge leas-
ers, at Pearl, Idaho, are working /
double shifts making good progress on
their cross cut tunnels.
The Seattle Post Intelligencer, after
receiving reports from all points in
the north, estimates the gold output Of
the coming season for Alaska at $780,
900 900.
The heaviest business in the history
of the Salt Lake Mining Exchange
was recorded on June 5. During the
|. day, 27S,375 shares were traded in at
price aggregating $215.446.
The Black Pearl mine at Pearl
Idaho. is operating an eight-stamp
cyanide process mill on their property
which has capacity Of fifty tons
News from Buffalo Hump is that
| there is unusual activity in the camp
this spring. Tie Del Rio mine is one
of the most promising. The miners
have recently struck about eight feet
Of good ore.
Twenty-nine gold. silver and lead
properties. having outstanding 1884,
1s7,200 In stock. declared dividends
| of $3,497 ,399 for the I'VE months this
year. making total Of $74.9l6,S3s
since organization.
The Harmony Anthracite Coal COM
] pany has just been organized by Los
Angeles syndicate. The company will
be active in southern Utah. The new
company is capitalized for one million
shares at II : share.
New machinery IL being installed q
the Utah mill at Garfield Just a. fast
as it arrives from the east The lat
est machinery received IL In the line
OF Gillian mills. The apparatus has
capacity Of 125 tons.
| Twenty men viii be employed At
the Mount Marshall mine. in the Mar
shall lake district OF Idaho this sum-
mer. ]. e. Stewart, manger Of the
or two arranging for supplies and ma
chinery.
The Hecla mine OF Beaver county is
expected to begin shipments to the
United States Smelling and Refining
company by July 1. The ore carries
lead, gold and silver. Gold occurs in
such proportions that 1t is the most
valuable Of the metals found in ore.
The Hecla Checkmate Mining COM
pany Of Pearl. Idaho. is opening up a |
extension of the Whitman mine which
is conceded to be one OF the best pay
ing properties in the district II not In
the state. These claims join and the
Whitman is opened up to the end line.
In an address at the Chamber Of
Commerce luncheon in Goldfeld. J. P.
LOTUS. one Of the biggest and most
conservative mine owners and oper-
ators in the district Of Goldfeld, said
: that In the four and half years since
the district began to produce 1t has
produced $20.0O0.000 in gold. or a..
100000 annually.
There is much excitement at Co
.. bre, Nevada. over the discovery Of
! high-grade silver and copper ore about
twelve miles east of Cobre, in the Lo
!, ray mining district A ledge Of the
: red and white metals ten feet wide
carrying II per cent copper and 500
> ounces silver has been uncovered at q
depth Of twenty-five feet.
Out of the income for the next sis
. months the directors of the Pittsburl
Z Silver Peak mine deem 1t Imperative
2 ly necessary to expend about $90,00'
! for additions to the pumping plant
4 houses for the workmcn and additions
= equipment for the Silver Peak rail
/, road. For the month Of April the Sll
= yer Peak reports profit Of $4,000.
Q The courts have confirmed the sal
OF the Sewer Consolidated Gold, Sill
yer and Prospecting company. Thu
property sold last week by the re
ceiver for $10s,0 to w. H. Seegmil
. Ter Of Richfield. The company owe
y over q quarter Of q million dollars. !
2 In understood that Mr.. Seegmiller reT
2 resents the creditors Of the company
Development work being done Il
. virgin ground OF the Horn Silver, 4
!. Beaver county. Utah. Is showing u
excellent copper Indications. Althoug
!. the Horn Silver IL the Oldest mine {
the district and has been In contin,
GUS operation for about forty year
the ground to the north Of the prime
pal workings has never been deve
. oped.
II The annual report Of the Amalg'
= mated Copper company says the con
panies owned wholly or in part by u
Amalgamated Copper company pr
duccd in the calendar year 1907 frol
t. their own and custom ores about 2iz
100000 pounds Of refined copper. I
q which amount the Amalgamated Co
e per company received the benei
Z from about l7s.o0o.o00 pounds.
The case OF the Western Loan IN
Savings company OF Utah w. a
Butte and Boston Consolidated Nj
ing company. Of Butte, involving a
question whether ore reducing worl
can be held responsible for the poll
ton Of water and the consequent dai
age to land below. was decided
the Supreme court Of the United Stat
last week favorable to the former COZ
pany.
The convention OF the deputy mi
! cral surveyors which had be-