The Meridian times. (Meridian, Idaho) 1909-1938, 1909-07-23
MINES AND MINING

Seven Troughs Coalition company
The Tonopah Extension company
gives notice that for the purpose OF
erecting a thirty-stamp mill, al an Is.
timated cost Of $4,000, the board is
about TO authorize an issue Of s1g7..
300. par value, Of coupon bonds.
It is said that George Wingfield has
acquired controlling interest in the
Goldfield Daisy company and will sue
coed G. r. Woodin as president. The
report has resulted in the advance 81
the price of the stock Of the com.
pany.
On the Barney Francisco lease. ON
the December fraction. at Manhattan
Nevada, gravel was broken into last
week that went as high as SGT per
pan. Several other paintings showed
the dirt to be worth from $3.50 to $40
to the pan
The Goldfield Consolidated company
has made an official statement esti-
mating the June production of that
company at 1910 tons. The total re-
coyery amounted to $547 900. The
cost of the work figured at $150.000
net profits, $4,000
The Comstock Pumping associa.
ton. composed Of all the companies
on the Comstock lode, has appropriate
ed from its treasury surplus $4,000
70 be used in equipping the Ward
smart with two new pumps of the
plungef type to handle the water.
The great Comstock lode in Nevada
mas, according to recorded history.
yielded $7O0,000,O 600, but of unrecord-
ed history, that of high grading and
wasteful milling processes, there
should be written at least half that
much more, making the actual OUTPUT
of the lode not less than a billion dol.
lars.
tilendale, Nevada, has reached the
critical stage of the boom camp. 1t
has made a shipment of high-grade
ore, accompanied by armed guards.
Ii it survives that ordeal there is
hope for its making a fairly good mill
ing camp. The shipment comprised
eight tons of rock believed to run
$1,000.
The second custom mill for the
Gold Circle district is scheduled TO
go into commission during the week,
according to advices from camp. Pro
viding Of milling facilities for their
ores has greatly encouraged Ieasers
and owners and many good ore show.
ings have resulted from the work in
augurated. o.. -.s-
Members Of the board of governors
of the Utah Stock and Mining ex-
change at meeting last week decid-
ed to adjourn the call on that ex-
change until October /. All expenses
during the quiet period will thus be
eliminated, it is said, except the rent
OF the room, which is held under long
time lease.
It is announced that the Cole-Ryan
interests have secured a sixty day OPP
ton on the Butte & Ely mines. The
Butte & Ely property embraces 212
acres of ground, practically all Of
which lies in the known mineral belt
between the Nevada Consolidated
company's Copper Flat property and
the Giroux.
. 1t is believed that the Homestake
mine at Neal will develop into one of
the best producing properties in the
state of Idaho. A 1,000-foot shaft is
to be sunk on the ledge of ore, when
it is believed it will be necessary to
increase the milling capacity from 60
to 100 stamps. The company. is en-
ploying about thirty men. ...
Within the past few weeks disclos-
ures have been made in the Mason
Valley eompany's property, in the
Mason district, Lyon county, Nevada,
which, it is claimed, forever release
from doubt the true source of all the
ore. A true assure vein has been
found coursing north and south
through the property.
Addressing the Anaconda chamber
of commerce on July IA, e. P. Mat
thewson, superintendent of the Wa
shoe smelter, announced that the pol
Icy of the company hereafter will be
to employ American before alien
labor Mr.. Matthewson also. stated
that the odious company store system
had been abandoned in Anaconda.
The first trouble during the strike
of 400 miners, mostly Austrians.
against the Veteran mine of the Cum.
berland-Ely company at Ely, Nevada,
occurred last week when two Aus
trian strikers, George Pezini and
George Milcfno, were shot by Deputy
Sheriffs Edward Arnold and Charles
Smithy. One of the men may die.
The constitutionality of the statute
enacted in 1908, providing for a tax
on the net earnings of mines of Idaho
is attacked by the Milwaukee Land
company in a suit to enjoin the coun-
ty assessor of Shoshone county from
enforcing a sale OF its property for
the collection of taxes aggregatfng
$500, pending in the United States |
district court.
Refuting reports circulated in San
francisco that the Round Mountain
mine, of Round Mountain, Nevada. |
was to be closed down, Manager Davis
says: There is absolutely no truth |
N these reports. The mine is in |
splendid condition. We have niIIed |
Turing the quarter ending June 80 ap- |
lroximately 5000 tons of ore and |
nave also materially increased our
IRE reserve"
Owing to the strike of miners EN-,
'loyed by the Cumberland Ely com
'any, the Nevada Consolidated Cop
,a,, ooy,par4y bor 49,. Ill,