The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1909-07-08
MINES AND MINING

The Anaconda Copper company on
June 20 declared a quarterly dividend
of 80 cents per share. the same as the
last preceding quarterly dividend.
Concurrent with the discovery OF
silver sulphides on the Florence comes
the news OF the appearance of ruby
silver on the Seven Troughs Trio
lease.
A nugget has been found in the
Giffin lease at Manhattan, Nevada,
that weighs just seven pennyweights
less than pound. The nugget was
found on the Verde claims.
Estimates of the ore in sight in the
Chino Copper company's property, in
New Mexico, vary all the way from
900 900 tons to 12,000,000 tons, ac-
cording to Boston advices.
As production indicates, 5000 tons a
day the bulk of it from the steam
shovels, mining operations are going
ahead very satisfactorily in the dis
trict, says the White Pine News.
A ten-million dollar corporation or
ganized for the purpose Of developing
the iron deposits of Wasatch county
filed articles of Incorporation last
week. The corporate name is the
American Steel & Fuel company.
The mill of the Round Mountain
Mining company during the first two
weeks of June turned out bullion of
the value of $4,000. This was for
eleven days actual running time,
there having been a close-down for re-
pairs.
The exports of copper for the month
of June aggregated 33,399 tons, an in
crease of 3 400 tons, as compared with
June last year. For the fiscal year
ending June 80 exports of copper
metal aggregated more than 100000
900 pounds.
Phoebe is to be represented at the
annual session OF the American Min
ing Congress at Goldfield next Sep
tember with an exhibition of products
of its mines. Mine owners and cit
izens of the camp promise an elab-
crate display.
1t is stated that the surface show
ing at Glendale is as fine as was
ever encountered in a new district
Six feet of surface rock will run SO 900
to the ton 1t is only a question OF
how rich the rock will prove when
depth has been reached.
BY the official statement of the May
business of the Goldfield Consolidated
Mines company, issued last week. the
gross production of ore amounted t.
21630975 tons. The gross returns
this production were $762,74S.10, ar
the net returns, $606,7 1892.
In one of the tunnels at Duck Creek,
Nevada. which has been flooded there
has been installed 12-inch hydraulic
pump with capacity of two
thousand gallons a minute. This was
necessary TO take away the enormous
water supply they encountered.
Great significance is being attached
Ely, New, developments which are
demonstrating that the lode porphyry,
the copper-bearing porphyry that has
made the district famous, exists in un-
told quantities beneath the lime.
Four hundred men employed at the
mine Of the Cumberland Ely, at Ely,
Nevada, struck on July l. Their de.
mand is for $3.50 a day for miners
and 81 for underground foremen for
wet shaft work The men have been
| working under the contract system
and it is said could not make ordinary
/ wages.
! Deep development by lateral work
is now in progress on four levels of
the Clermont shaft of the Goldfield
Consolidated Mines company at depths
ranging from 600 to 1000 feet. In ad-
dition, levels have been started at
730, $50, and 1000 feet, to explore the
Mohawk.Red Top vein system at
these depths.
Stockholders Of the Inlay Mining
company are exultant over the news
that large deposit of gold ore of fine
grade had been opened on the sec.
ond level of the company's mine in
Humboldt county, Nevada. The strike
proves the continuation of the ore
body which has been developed on
the first level.
For the first time in many months,
no red ink" figures were necessary
in making up the earnings of con,
stituent properties of the United
States Smelling and Refining com.
pany for May, when net earnings ag
gregated $3S0,000, or within $4,000 Of
the highest months earnings in the
history Of the company.
Suit has been filed at Tombstone
Arizona, against the Copper Queen
Mining company of Arizona by DR..
Thomas Winders of San Francisco,
administrator of the estate of his
father, r. j. Winders, for $1,250,000
one-fourth of the estimated produc
tion of the mine and for a one-fourth
interest in the mine itself, as due tc
the Winders heirs.
The interstate commerce commits.
sion has dismissed the complaint OF