The Garland globe. [volume] (Garland, Utah) 1906-191?, 1910-03-05
MINES AND MINING

Inc DOltOm Oh the inclined Wine
In the Dream mine, six miles north OF
Eldorado district, is said to be in ore
running $50 ton in gold. The work
Ing has been in low-grade ore for
about twenty feet.
For the reorganization of a dc.
funct concern. the showing of net
profits Of $55,774 during last year by
the Bingham Mines company, as pre-.
sented in the annual report just made
public, is an excellent one.
The tunnel which is being driven by
the Big Nebo Mining company for the
purpose of making its property in the
Nebo district accessible by wagon
road has only about thirty feet fur.
Their to run to cut the vein.
The Jarbidge district appears to be
widening out, new strikes being re-
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 to re-
port from Tintic district, and develop.
ment has almost determined that q
good stope of ore may be counted
upon.
Word from Mason, Nevada. is to
the effect that the Mason Valley Min.
ing company has made all prelimi.
nary arrangements for the starting OF
work on their new smelter at Wa.
buska, proposition financed recently
In the east.
The new smelter at Tooele City,
Utah, 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 800 men is at work on the plant.
The regular dividend of 80 cents
share and an extra dividend of 90
cents share were posted February
"a, by the board of directors of the
Goldfield Consolidated Mines com
pany. The first quarterly dividend OF
the year will thus be 80 cents
share.
Heber City, Utah, men who work
ing in what they supposed was their
own Crown Point property, made
strike of rich gold and silver ore in
what proves to be ground of the Ma.
jestic Mines company, have applied to
that company for lease on the
ground
The Continental Alta tramway,
which has been used by the Columbus
Consolidated company to transport its
ores from the mine to Tanners Flat,
has been wrecked by snowslides TO
an extent which will doubtless result
in it's being out of commission for
some time.
At the adjourned meeting OF the
board of directors of the Utah Con.
solidated Mining & Milling company
held in Salt Lake City, February %,
1t was decided that work should be
commenced at once on the develop.
ment of the company's promising
property in the Tintic district.
1t is now claimed for the Pittsburg-
Silver Peak Gold Mining company's
mill at Blair, Nevada, that it has the
largest number of stamps OF any sim
liar mill in the entire state. The re-
cent addition of twenty stamps, ten
of which have of late been put in
commission, brings the mills stamp
equipment up to 100.
The year 1909 will show for the
United States Smelling, Refining &
Mining company operating results full
ly as satisfactory as for 1908, when
net profits amounted to $3,017947 af'
ter $517,6O9 had been charged off for
depreciation, administrative and legal
expenses, according TO advices from
eastern headquarters.
That the treasury of the DAILY West
Mining company at the close of last
year contained more than 100000,
and that net earnings of the first
month of the new year were more
than $4,000 was shown by the report
of the manager presented at the an
nual meeting of stockholders held in
Denver on February 10.
Handling thirty tons of ore a day
and with plans fully matured by the
lessees to handle double that quantity
of ore, the chairman mill at Ely
Nevada, which had been idle for
many years and which had only run a
few months during its lifetime, is
again in full commission and is being
handled on a profit.making basis.
A report of a rich strike in the
Prince Consolidated property al
Phoebe, Nevada, which was made
about a month ago, but which had
never been made public, was con
firmed a few days ago The strike