The Garland globe. [volume] (Garland, Utah) 1906-191?, 1910-07-16
MINES AND MINING

mat the lower price OF copper is re-
sulting in larger demand for the metal
has been indicated by recent heavy
sales in Europe.
Phoebe people are anticipating a
marked revival of mining activity in
the camp, now that railroad service
has been restored to that reliable old
Nevada camp.
Among the metallurgical companies
of the United States, seven have dis
tributed dividends the present year to-
falling S6,696276 and since incorpora.
ton, 100,24G,619.
The Balaklala Consolidated Copper
company has paid off its outstanding
first mortgage bonds amounting to
$375,O00. This wipes out the last evi.
dence of bonded debt against the COM
pany.
From the famed Horn Silver mines
in Utah Is being shipped 1000 to
20 and % per cent lead and 20 and
rs ounces in silver. The property is
in fairly good condition generally.
That recent developments in the
Byron. Wyo., oil field are attracting
favorable attention is shown by adj
vices that an eastern syndicate had
taken over for $500 900 the holdings Of
the Mountaineering Oil company.
That characteristic highgrade cop
per ore is being opened in the new
250-foot level of the NinetyNine Cop
per company's mine at Good Springs,
New, is indicated by advices concern
ing conditions received from the prop
erty.
Nearly a million dollars worth of
gold has been received at the United
States assay office in Salt Lake dur
ing the fiscal year ending June 30,
according to official figures just issued
by Joseph U. Eldredge, Jr., assayer
in charge.
or the gold-silver-lead properties
contributing to the dividend total so
far In 1910, there are S3 which dis.
tributed S14,747,560 Far in the lead
for the SIX months is the Goldfeld
half year, divided among shareholders
$3.50, 1898.
1t Is found that the copper proper
ties are the most prolific in enriching
their shareholders, for nineteen OF
these, all but one operating in the
Unite States, have contributed over
one-half of the grand total Of $751;.
069,O24, dividends paid by 112 mines,
or $339,50O,14O.
The metal selling business has not
been so profitable during the last six
months as in former periods, for only
one company has made a declaration
this year. The United Metal Selling
paid dividends for the six months to-
falling 100000. and since incorpora-
ton, s1O.5OO,OO0.
For the six months of the present
year the newly enlarged Utah Copper
company leads in copper dividends
with a disbursement Of $2,29O,2O0
while Calumet & Hecla is second with
81 100000, United Verde third with
81 $50 900, and Anaconda and Nevada
Consolidated tied for fourth place
with $1,2OO,OOO.
The Amalgamated Copper company.
II is learn in Boston, will not curtail
its output. Neither will the Utah Cop
per company restrict its production.
This much Is known, and unless the
big interests step in and veto the OBJ
stinacy of the powers that be, copper
promises to run riot If
properties.
That mining, when carried on in
business-like manner, is
q pretty profitable business, must be
admitted by the most skeptical when,
In a half year in which most unsat.
isfactory metal market conditions
have prevailed, as shown by figures
presented by the Mining World, ll2
American mines and metallurgical
works are enabled to pay dividends
totaling $S4,21S,l02.
Ground has been broken for con.
struction of the Yellow Pine mill, to
be erected at Good Springs, Nevada.
In the heart of the district. The mill
will have an initial capacity of 90
tons a day,
The new San Juan oil fields, in
Utah, are attracting
much attention from investors. Al
though the field is young 1t Is more
than promising; it is already proved.
II is exDected that in q short time a
pipe line 1870 miles long will be con.
structed to the Santa Fe railway to
market the oil