The Garland globe. [volume] (Garland, Utah) 1906-191?, 1909-12-04
MINES AND MINING

| = Inc BOlu mines OF the Dn1toU states
produced s94, 100000 worth of precious
metal during 1908, according to the
geological survey and the bureau Of
mines.
Control OF Boston Consolidated to
Utah Copper has practically been
passed on the basis of one share of
Utah for two and one.half shares of
Boston Consolidated
The work of development of the
Eastern Prince mining property, in
the Phoebe, Nevada, district, will be
started on the first Of the month on
a larger scale than has ever been at
tempted at this mine in the past
The proposed $SOO,OOO,OOO copper
combine has been held up temporarily,
at least, according to Wall street re.
ports, until lawyers for interests con.
cerned can figure out the effect that
the Standard Oil decision. will have
upon the merger
A quarterly dividend of So a share
has been declared by the directors Of
the Calumet & Hecla Mining COM
pany The rate Is the same as that
OF three months ago, and brings the
total dividends for the year to 81
compared to 20 in 1908.
With the commencement of 1910 the
Utah copper company will find d.self in
a strong financial position, says the
Wall Street Journal. Liabilities beyond
the capital stock should not exceed
$500,000 and the surplus should be
well over the 100000 mark.
The total gold product of the
United States for 1908 was 4,574,3
ounces, net increase I'm value OF
| $4,124,300. Colorado leads with a
productive value OF $22,S71 900;
Alaska was second with $19,S5S, 800,
and California was third, with 49,.
| 329, 700.
Another fine fssure, carrying much
red iron, has been cut by the Indian
Queen company's tunnel I'm Beaver
county. Utah. The face of the tunnel,
which is in $500 feet, is more highly
mineralized than for long time be.
fore. Crosscutting No. assure has
been started.
News has been received that q
strike of gold ore that exceTs even
that made originally in the famous
Black Hole property has been made
on the Fogarty lease on the Chafey
Mines company's ground. This block
is situated some distance north OF
the main Black Hole workings.
Fire damp, exploding with terrific
~, no 80 thn
Monongahela & Ohio Coal company,
at Martins Ferry, Ohio, fatally in
jured six miners who were walking
In advance Of the main force, which
at the time was going off shift.
Gold was produced in the Philip
pine islands to the amount of $3.50
in 1907, 100000 in 1908, and to a
much larger sum in 1909, according
to the Mining and Scientific Press
Dredging In particular is proving
profitable. The dredges in operation
are of the New Zealand type and are
small.
Jacob Myers, a well-known mining
man OF Salt Lake City. has returned
| from Boston, where he has been on
business connected with the Eagle
Bird Mining and Milling company Of
Bingham. While In the east, Mr..
Myers disposed of $4,000 worth Of
stock in his company at the rate Of
65 cents per share.
A New York dispatch says that the
American Smelling and Refining com
panys recent activity in the stock
market has been based no less on the
| good showing that the company Ia
now making in earnings, than upon
the copper consolidation reports
which include American Smelling and
Refining company subsidiaries among
those companies TO be merged.
Whatever doubt may have existed
in the minds of biologists and mining
experts concerning the eastern section
Of the Tintic district making good
will be removed, declares A. N. Hold
away, when 1t is understood that the
so-called quartz In which the Tindc
Standard company has sunk the last
35 feet of its shaft Is in reality Cam
brian quartzite.
Duluth capitalists have recently
made strong bids for control of the
4 Leonora, In Beaver county, but the
owners do not care to part with 1t.
Considerable high-grade silver ore was
produced in the early days from near
the surface OF the ore zone, and the
big find In Red Warrior Of course
greatly EXCHANGES the chance Of get
ting large results at depth
Members of the party of eleven Bos
ton capitalists who the first of the
week visited the mine Of the Beaver