The Garland globe. [volume] (Garland, Utah) 1906-191?, 1910-09-17
MINES AND MINING

A great future Is predicted for the
Profile and Big creek mining camps
In Idaho county, Idaho by Lul. Jud.
son Spofford. who has just returned
from months sojourn in that dis.
trict.
Recent prospecting work performed
upon the property of the Peacock
Copper Consolidated company, in
Beaver county, Utah, has added won.
derfully to the value Of it's unusual
surface showing of lead-silver ore.
A four-foot streak of almost
straight copper glance has been
opened in the large ore body which
is being developed in the Strehlke
lease, on the Ely Calumet property,
according to advices from Ely, New.
Greenwalt and Stevens, who were
among the early operators in Jar.
bidge district, have made rich
strike in a new district forty miles
southeast of Hope, b. c., according to
private advices received in Salt Lake
City.
The Seven Troughs Monarch COM
pany's tunnel was extended los feet
during August. Something more than
100 feet has been made every month
since the work was begun, the bore
having been driven $40 feet in five
months.
The average price of silver for Au-
gust was higher than for many
months before, excepting July. In
the New York market the high was
53%c and the low was 52c, closing
at $3.50, the average for lne month
having been 52Bc.
The new well of the London and
San Juan Oil company is down 200
feet, and work is being continued
steadily, according to advlces from
Bluff, Utah. Already considerable gas
comes from the well and there is a
good showing of oil.
The Democrat group of four claims
four miles north of Gilmore, Idaho,
Is being developed by cros5cut to
tap the vein $50 feet below the collar
of the present shaft, which is 125 feet
deep, and in lead-silver ore of excel
lent grade and shipping quantity.
The Columbus Extension Mining
company has commenced taking ore
for shipment from the recent strike
in it's 4,000-foot tunnel, says the Salt
Lake Herald. From present appear
ances production of 20 and 80 tons
day should be maintained indefi-
nitely.
F. Curtis, former crack player on
the University of Utah football team,
is one of the owners of property
near Carson City, New, in which a
rich gold strike has been made. The
property is being exploited by en-
ployes of the McGill concentrator,
where Mr. Curtis has been employed
for some time.
With the long tunnel Of the Utah
Metal Mining company driven about
1000 feet from the Tooele side of the
range, and with perhaps less than
1000 feet further to- go to tap at great
depth important bodies of lead'silver
ore which has been developed from
the surface, everything is looking
lovely for this Toole county property.
Out of total of 100000 shares out
standing, 4O5,68S shares were repre-
scented in the stockholders meeting
OF the South Columbus Consolidated
Mining company, held in Salt Lake
| City, and 356,330 of the shares repre-
sented were voted in favor of the pro-
posed consolidation OF that company
with the Alta & Hecla Mining COM
pany.
The Midway old fed, in Southern
California has not a well which is
producing less than 1000 barrels Of
oil daily, and from that amount the
production runs up to the phenome-
nal output of the Lakeview gusher.
The oil occurs mainly In strata, or
tissues, rather than in pools or lakes,
so that there is slight danger of two
or more wells tapping the same
source of supply.
In compilation of the dividends
paid during the past eight months,
the Mining World finds that 100 Amer
lean mines and metallurgical works
distributed among shareholders $4S,-
sol, 333, which added to the dividends
previously paid by these companies,
bringG their total disbursements up to
1856 ,O6O 500, a l19 per cent return on
their $594,124,S57 combined issued cap
italization.
Seven metallurgical companies have
demonstrated that profits on this de-
partment OF mining are seemingly not
greatly Influenced by low metal prices
for they show a considerable increase