The Garland globe. [volume] (Garland, Utah) 1906-191?, 1908-05-09
MINES AND MINING

morning.
The amount of business done on
the Salt Lake mining stock exchange
during the month of April was lit
tie over one million dollars, 2,212,765
shares of stock changing hands.
The long task of draining the On
tario mine at Park City is nearing
the end, and 1t is expected that 1t will
be only a short time now until the
men are exploring the 1900 level.
Az the annual meeting, held last
week at Butte, OF the Boston q Mon
tana Consolidated Copper 4 Silver
Mining company stockholders, the old
board of directors was again chosen.
During the month OF April the ore
and bullion settlements In the Salt
Lake market as reported by McCor-
nick 4 Co.. amounted to $1,284.000,
which is about $4,000 more than tho
record for March.
A $40 token issued by the Cincin-
natl Mining company in 1S49 was
sold at auction In London last week
and purchased for an American at
$2,175. There is only one other simi-
lar token extant.
Wagons are now being taken
through the snow right into the town
of Alta, according to the latest re-
ports from that camp. The snow Is
disappearing more rapidly this spring
than for many seasons past.
After more than year of difficult
ties at the mine and mill of the Con-
solidated Mercur company at Mer-
cur, Utah, the company is now pound
ing away to splendid purpose. Dur
ing March the output of gold bullion
was valued at $4,000.
Leading authorities assert that the
consumption of copper in this country
has increased from 100000 pounds
per month last October or November
to 100000 pounds. A normal month
ly consumption in prosperous times Is
from 100000 to 50.000000.
The senate committee on mines
and mining has reported favorably
the bill to endow schools OF mines on
departments of mining in state edu-
cational institutions The bill is
similar to the one reported favorably
from the house mining committee.
Orders were placed last week for a
car of lumber and mining timber in
the Northwest by the Seven Troughs
Eclipse Mining company. This is the
second step taken by this Seven
Troughs company Tor beginning the
plan Of driving new shaft to depths.
A. series of big discoveries on the
Snow Squall claims, belonging to 4.
H. Williams and Frank Crumpacker.
has suddenly turned the attention OF
the Seven Troughs district to Victor
canyon, between Burnt canyon and
Farrell, at the north end of the dis
trict Two feet OF $50 ore has been
encountered. .
s. s. Rosenstamm, who is associat-
ed in business with Adolph Lewis
sohn, says that In his opinion the
time for low priced copper has gone
by, The improvements that are I'M
der contemplation by the Pennsylva-
MIA and other railway systems can
not but help improve the copper stu.
alton, he says.
A Boston dispatch says the reasons
for the recent break in Montgomery
Shoshone stock is the fact that devel-
opments OF the last six months have
been disappointing and the reports
show that much of the ore is below
commercial value; that the mines
future will depend largely upon fu-
ture development.
The production of copper for April
In the Butte district is estimated In
excess of 25,0O0,0OO pounds. North
Butte's share was 100000 pounds.
Butte Coalition produced from the
Rarus mine alone 100000 Ana
conda's production is In excess OF T.
| 1000 pounds, and Boston & Montana
nearly 100000 pounds.
The news comes from Butte that
orders have been issued to nearly all.
shift bosses of Amalgamated, and pre-
sumably to North Butte and Butte.
Coalition, to mine less first-class ore.
In some mines the miners have been
taken off first class entirely. The
presumption Is that the companies
find they can make money under pres
ent economies on lower grade ore.
A well known Utah mining opera
tor, speaking of the confidence he has
in the future OF Rawhide, Nevada
says he has recently expedod $4,000
in cash in the camp, both IN the ac-
QUESTION and development of proper
ties within the boundaries OF the dis
trict.
The new mining camp of Bull Val
ley, in southern Utah, is thirty-five
miles from Acoma, on the Salt Lake
Route, and about the same distance.
from st. George. The ore bodies are
from three TO four feet in thickness,
and assays of 5000 gold to the ton are
not uncommon.
Results from the first cleanup at