Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-06

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| tho ore running from 500 TO 1000
| ounces silver TO the ton.
| For the week ending July 2. Tono-
| pans shipments to mills and shelters
amounted TO 1908 tons, valued at $751;
575.
one day last week on the New York
| stock market was witnessed the most
| violent break seen in stocks since the
| panic of 1907.
Nevada's mines for the first Ave
months OF this year declared dividends
amounting to s51S6, goo. heading the
state for that period.
The Goldfeid Con. is about to be
transferred from the New York curb
to the New York stock exchange. The
company has s35,55s,09s outstanding
stock.
Following the completion Of the Ne
vada Wonder company's mill. a num-
Der of properties about Wonder
which have been Idle for years are
preparing TO resume operations, the
new mill to handle the product.
Some almost pure gold. running 81 50
fine. has been found in the Seven
Troushs Mammoth ground. according
TO report. The property is three
miles north OF the town of Seven
Troughs.
To examine the Kitty Burton. Yellow
Jack and Musgrove properties near
Salmon city, Ida. Arthur Thomas, r.
l.. Edwards and William Odell will
leave today.
w. A Rhodes. a we'll known curb
mining broker accompanied by Mrs
Rhodes. Is at Long Beach. Cal. spend
Ing few weeks during the lull in the
local market
Grant Snyder. manager of the Gin
Mining company OF Ophir mining dis
trict, Tooele county, is in Chicago at
tending directors meeting at which
new set OF officers Will be chosen for
the ensuing year. Mr.. Snyder is ex-
pected home Saturday.
In order to drain the lower levels OF
the Copper Flat property OF the Nevada
Consolidated Copper company, IL is
now proposed TO drive "A great tunnel
from point some distance down Junl-
per canyon TO tap the old workings.
A force OF men on the Tintic stand
ard has reached the depth of s75 feet.
the intention being to carry the shaft
down to the 1000 foot level This Is the
deepest shaft in the eastern end OF the
district.
The directors 81 the OsceoIa Consol-
dated Mining company have declared
a seml-annual dividend Of 81 per share
The dividend declared six months was
So and year ago 81. The declaration
Of 81 per share calls for the distrlbu-
ton OF $396.6OO and makes total OF
SS,sS0,650 paid I'm dividends since the
organization Of the company.
The Tlnuc central now has its shaft
down s35 feet. water having been en-
countered a short distance above that
point. This requires the hoisting daily
or 30 buckets OF water. II the flow
Increases, II will be necessary 10 install
a pump The shaft Is in hard lime,
making progress slow.
More new strikes are reported from
the Jarbidge camp. and indications
are that the lull which has hung over
that camp for weeks is giving place
to considerable activity, and that the
new gold camp In northern Nevada is
coming 10 the front once more.
The Tonopah- Belmont Is finding It's |
best ore on its 1,1G6 level. or this |
amount the Tonopsh company sent
$500 tons. the Belmont company 1 $50 |
tons. the Montana onopah 1913 tons, |
the MacNamara 200 tons, West End 2lO |
tons. Tonopah Extension 500 tons, Mid |
way so tons.
a. ], Porter. with over forty years
representing n largo Canadian oil |
company. has been investigating our
fields and states that Il certainly looks
good TO him, and II territory Is OBJ
tainable he will start operations at the
earliest convenience. Evanston CWyo)
Press.
There "a n fair business doing in
copper. but 1t is evident that the pro-
duction Is far In excess of the con-
and that the surplus stocks
are being constantly increased. The
absence OF pressure Of the metal
from the interest having the largest
accumulation, has prevented prices de-
,lining to the extent that would other
wise have been the case.
At the annual Provo meeting Of the
Crown Point Mining company. Tues
lay, 1851 shares OF the 1000 900 were
represented by person or by proxy. The
report showed wages distributed, Sl1,-
80; supplies and equipment $40 200;
ash on hand, MOB The treasury
still holds l22.s0o shares OF the stock.
In the Indian Park range. 25 miles
southwest OF Lund, the Arrowhead
nine, owned by J, IL, Burton, j. II.
rolton and other Beaver county pep
de. r. reported In good condition, with
prospects OF making shipments soon.
r. s. Snyder. whose resignation as
Of the Ely Consolidated
ook effect July 1, IS in the city and viii
levOte his time hereafter to looking
fter his Keystone mine in Nevada,
which has n production record running
nto the millions OF dollars,
Lady Bryan mine. In Beaver county.
wned by the Utah Mining. Milling |
Transportation company has two
arloads Of ore on the market. taken
rom the 200 level The mine viii make
ther shipments soon. according to
ohm Thompson SUPERINTENDENT