The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1909-04-01
MINES AND MINING

The discovery OF an immense body
OF coal has been made near Salina,
Utah, and company is being formed
to oSploit he discovery.
lif,y years ago United States min
ers OF copper produced IN per cent
OF the worlds copper. Now they pro-
duce almost "A per cent of the
worlds copper.
Production of copper from mines
controlled by domestic shareholders
Is going on at rate equivalent to
the worlds production six years ago.
1,2S7 ,417 600 pounds.
The task Of installing the big hoist.
ing plant, the compressor and power
drill equipment and all the accessories
OF the works OF the Phoebe King com
pany has been practically finished.
News has been received of a new
and very rich strike Of gold at Mud
Lake. about 240 miles northwest OF
Winnemucca. Nevada The ore oc-
ours In decomposed granite and
the samples are very rich
very fine looking prospect has re-
Gently been opened UP in the noun
tains about seven miles west OF
Ephraim. and the owners have incor-
porated the Utah Central Mining COM
pany, with 100000 shares, to oper-
ate II.
The second vein in the main tunnel
of the Utah Gold & Copper company,
In Washington district. Beaver coun-
ty, Utah, encountered about three
weeks ago, is by far the biggest thing
yet opened in the property. 1t Is
claimed
Speaking about mountains of ore,
the Clifton district, In the Deep Creek
region, comes as near having them as
any country l have been in" said
mining man in Salt Lake City, who
had been making survey Of western
Utah camps.
The state board of railroad commits
sioners held public hearing at Hell
ena, last week. on the question of
lime rock rates applicable between
oil Montana points. The smelter In
terests have made protest against
the existing rates as too high.
The cleanup of the initial ship
ment Of the Harris lease at Seven
Troughs, Nevada, was made last
week, the result being estimated at
approximately $1,000 for between
100 and $50 tons. The ore handled
was of the lower grade of the Harris.
and the run was in the nature of
test.
The conference OF the Western
Lead Ore Producers association, COM
posed of owners of Utah, Idaho, Ne
vada and Colorado, controlling 81 per
| cent Of the lead production of the
United States, held in Salt Lake City,
resulted In memorial to congress
protesting against the reduction Of
the tariff on lead.
| movement Is on foot to start a
mining exchange in Provo, Utah. A
number of dealers and brokers are
| taking an active interest in the mat
ter. The exchange will be capitalized
for $4,000, or 200 share s of 800
each. 1t is the purpose OF the pro-
| moters to invest this money in divi-
dend-paying mines.
From White Bird Ida, comes word
of very rich gold strike, made on
the east bank of the Snake river by
the Reed brothers. The ledge is said
to pan gold for total distance OF
900 feet on the surface. The ledge
was opened about 800 feet above the
Curby and China bars, large produc-
ers in the early days.
An extra dividend Of 10 per cent, In
addition to the regular quarterly div
idend of 25 per cent, was declared on
March rs by the directors of the Ton
opah Mining company. This puts the
stock on a dividend basis of 140 per
cent per annum, and restores the rate
existing before the suspension of div
idends in the fall of 1907.
The Lake Superior mines are pro
ducing on the basis Of 100000, 900
pounds of copper year, which is
only 100000 less than the coun-
try's total production twenty years
ago. Measured by the development
of mining in North America, the In
crease in the yield of copper within
generation is much greater than
the degree of growth incident to pig
iron.
That the Tunnel Oil company.
which owns producing well and a
refinery in the Uintah field, is finding
market for its product is indicated
by the report that seven carloads of
empty whiskey barrels were recently
shipped to the plant. The company
attempted TO contract with one house
in Salt Lake City for $50 barrels
week.
D. Mackenzie and the Frances-Mo
hawk company filed third suit
against the Mohawk Consolidated at
Goldfield last week, 1t being for an
accounting for 100000 worth of ore,
alleged to have been stolen from the
Frances Mohawk and Hayes Monnette
leases and recovered by the Consoli
dated, but returns for which have
never been made to the leasing com
pany, according to allegations.
- IL.