The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1910-03-04
MINES AND MINING

running fHN ION lN NNIu. tue Wulh.
ing has been In lowrradc ore for
about two.ty feet
For the reorganization NJ de.
funct concern. the showing uf net
profits Of sj5,71i during last year boy
the bingham Mines company as pre-.
scented Ia the annual report just made
public. is ana excellent one.
The tunnel which is being driven by
the Big Nobo Mining company for the
purpose OF making It's property in the
NCbo district accessible by wagon
road has only about thirty feet fur
Their TO run 20 cut the vein.
The Iarbidgc district appears to be-
widening out. new strikes being to.
ported In TWO new parts Of the dis.
trict. while late arrivals from the dis.
trict are most enthusiastic In their
opinion OF the camps future.
Good ore Is being taken from the re.
cent strike In the Yankee Consolidat.
ed company's mine. according Ia re-.
port from Tintlc district. and develop
ment has almost determined that a
good stopc OF ore may be counted
/ upon.
Word from Mason, Nevada. IN to
| the effect that the Mason Valley Min
ing company has made all prellmi
| nary arrangements for the starting OF
work on their new smoiter at Wa
buska. n proposition financed recently
in the east.
The new smelter at Toocle City.
Titan. Is progressing rapidly In spite
Of the drawbacks incident to severe
storms and delay In getting building
material. Several carloads of ma
terial are arriving daily and a force
Of 300 men is at work on the plant
The regular dividend OF 30 cents o
share and an extra dividend OF 90
cents a share were posted February
"a. by the board OF directors OF the
Goldhold Consolidated Mines com
pany. The first quarterly dividend OF
the year will thus be so cents o
share.
Hobcr city. Utah. men who. work
ing In what they supposed was thcii
own Crown Point property. made 0
strike Of rich gold and silver ore In
what proves TO be ground OF the Ma
jostlc Mines company. have applied tC
that company Tor lease on the
ground.
Tho Continental Alta tramway
which has been used by the Columbus
Consolidated company to transport IL
ores from the mine to Tanners Flat
has been wrecked by snowslidos {,
an extent which will doubtless result
in it's being out OF commission fol
some time.
At the adjourned meeting OF th'
board OF directors OF the Utah Con
solldatod Mining a Milling company
held In Salt Lake City. February %
Il was decided that work should b
commenced at once on the develop
ment OF the company's promising
property In the Tintic district.
It. is now claimed for the Pittsburg
Silver Peak Gold Mining company
mill at Blair. Nevada, that II has tn
largest number OF stamps Of any sim
liar mill In the entire state The re
cent addition OF twenty stamps, tel
OF which have OF late been put II
commission. brings the mills staml
equipment up TO 100.
The year 1909 will show for tn,
United States Smelling. Refining 4
Mining company operating results ful
~ as satisfactory as for 1908, whei
net profits amounted to s3,0l79i7 nj
ter S5l7,6O had been charged on 70
depreciation. administrative and legn
expenses. according to advices iron
: eastern headquarters.
That the treasury OF the DAILY Yves
Mining company at the close OF las
year contained more than 100000
' and that net earnings OF the frs
month OF the new year were NOR
, than $4,000 was shown by the repor
!, OF the manager presented at the an
A nual meeting Of stockholders held Il
Denver on February 10.
Handling thirty tons OF ore a day
and with plans fully matured by tn
Q lessees 20 handle double that quantit
s OF ore, the Chairman mill at Ely
Nevada, which had been idle 70
q many years and which had only run
few months during Its lifetime,
}. again In full commission and is beln
handled on proftmaklng basis.
= A report OF rich strike In tn
Prince Consolidated property a
Phoebe. Nevada, which was mad
about a month ago. but which ha
Y never been made public. was cor
firmed a few days ago. The strik
Y was made on the fourth level. tn
J. vein being from twelve to fourteen
feet thick and the ore extremely rich
Report that work on the new raj
road from Ely to Goldneld is to be be
gun within the next sixty days is cor
firmed by apparently creditable Al
, thority. Capital has been provided,
is said, by +, NJ. Smith OF borax fame
Bankers and railroad men OF BIOS
ton, Chicago and New York have pun
chased 30 per cent Of the Issue OF tn
Caledonia Mining company. who's
property IL located near Wardnei
!. Idaho. The deal involved the sale o
AOO O0O shareg annrOximatinR 1900 OO(