The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1909-04-08
MINES AND MINING

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| the present week.
During the month of March $685.
SOi shares were sold on the floor OF
the Salt Lake mining exchange, the
market value of the same being ST.
S42, 723.
Thirty.eight Mexican miners were
entombed in the coal mine at Minor.
Mexico, operated by the Coaquila
Mining company, as the result of an
explosion caused from fire damp.
The Ely producers, Nevada CONSOLE
dated and Cumberland Ely, during
the month of March produced copper
at the rate of $4,000 pounds per day,
making total production for the
month of 100000 pounds
In the early fifties, an output of
gold by the United States OF 100000
coo astounded the world Thereafter
the annual yield of gold from United
States mines decreased until in 1888
the production was only $30,0o0,000
A force of men is to begin develop.
ment work on the Outlook Mining
companys property in Black Warrior
district, ten miles from Atlanta
Idaho, and a 15-stamp mill is to be
erected during the summer months.
Word from the Chafey district of
Nevada Is that the management OF
the mill belonging to the newly
formed Chafey Mines company had
just completed seven days cleanup
the result being $1,000 worth of gold
and silver bullion.
Sixteen copper companies, fifteen
in the United States and one in Mex
ico have so far this year paid divi-
dends aggregating S6,561 ,539, and
since organization 1911 ,1SS,292 a re-
turn of AIS per cent on the issued
share capital of $74,9O0,770
The report of the directors of the
mint shows interesting things in re.
gard to last years production of gold
and silver bullion The total gold
production OF the United States was
500 ,435700 The total silver produc-
ton was $S7, 299, 700 for 1905
The gold mining industry is being
largely increased in California, Ne
vada, Utah, Idaho. Colorado and other
states and territories in which the
oies in sight and in proven ground
are estimated to be worth upwards Of
two billion dollars.
There has been a gain of $t0S,37S.72
in the amount of gold received at the
United States essay Office in Helena
from the various counties in Montana
during the quarter ending March 81,
1909, compared with the quarter end.
ing March 81, 1908.
Nevada has for the last year or so
attracted more attention from the
mining people of our country than any
other section by reason of the re.
markedly rich mines being developed
there. The gold production for the
year 1908 is recorded at $15,411 900,
or $6,132,400 in excess of the year
previous.
The international Smelling com
Lany has made overtures to F. A.
lleinze to take the Silver King Coali
tion ore smelling contract off his
hands, according to New York dis.
patches. But evidence has accumu.
'HFsSu ioiVly lhat IltlHLc has uOI XIV
en- up building smelter of his own
in Utah.
The arrival at Phoenix, Arizona, of
several sacks of immensely valuable
ore from the recent strike between
the little towns of Galome and Vicks-
burg has caused tremendous excite
ment. At least a thousand men are
In the vicinity, and claims have been
staked for radius of ten miles from
the strike.
An organization to be formed UNI
der the laws of the state of Nevada
Is in process of formation by Salt
Lake and San Francisco mining men
and capitalists, which will be known
as the Chafey Mines company The
capitalization will be 100000 and
the properties are located in the
Chafey district.
From the camp of Rawhide, Ne
vada, comes the news of Two mag
nificent finds of ore on the estate
of the Rawhide Coalition Mines com
pany. In the Mint lease eight feet
of ore has been encountered that goes
from 5000 to $500 in gold, while in
The No. l shaft three feet of 5000 ore
has been uncovered.
Billy Clarke, who has just arrived
at Seattle from Circle City, Alaska,
says that on Nolan creek in the Ko
yukuk, Johnson and Olson, two pros
pectors recently took out a $4,000
pan. re reports Nolan creek to be
very rich. nearly all the men in the
camp striking it either in the creek
or on the benches.
The Ely Consolidated Copper com
pany, which, at the time it closed
down operations on account OF the
panic of l907-l90S. had one of the
best showings in the Ely district
aside from the two big companies, re
sumed active development wofb
April /.
A rich gold strike. which has