The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1910-09-16
MINES AND MINING

.
lime here Us considerable activity
s great future is predicted for the
ProhI" and Hig creek mining camps
10 Idaho county. Idaho 1y Coz sud
SON sporord who has just returned
from a months sui0uru ln 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 lis unusual
surface showing ~ leal.sil,er ore.
A fourfoot streak OF almost
straight copper glance has been
opened In the large ore body which
is being developed In the Strohlke
lease. On the Ely Calumet property,
according 20 adyices from Ely. New.
Grcenwalt and Stevens. who were
among the early operators In Jar
bidgc district have made rich
strike in new district forty miles
southeast Of Hope - G.. according to
private adylcUs received iu salt ! AXE
/ cry
The Seven Troughs Monarch com.
pany's tunnel was extended 700 feet
during August Something more than
| 100 feet has been made every month
since tho work was begun the bore
having been driven $40 feet In i've
months
The average price Of silver for Au.
gust was higher than Tor many
months before. excepting July In
the New York market the high was
s3a.c and the low was j2c. closing
at o. CSC. the average for tnr month
having been j2Tsc.
The new well Of the London and
san Juan Oh company is down 200
feet. and work Is being continued
steadily according to adyiccs from
| Rlun. Utah Already considerable gas
comes from the we'll and there Is a
/ good showing Of oil
The Democrat group Of four claims
| four miles north Of Gilmore. Idaho.
| Is being developed by crosscut to
zap the vein $50 feet below the collar
~ the present shaft. which Is l25 feet
deep. and In loadsilycr ore OF excel.
lent grade and shipping quantity
The Columbus Extension Mining
company has commenced taking ore
for shipment from the recent strike
In its i.OOOfoot tunnel, says The salt
Lake Herald. From present appear.
] OF u
a day should be maintained indeh'
nltely
+. Curtis, a 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 me
property is being exploited by en-
ployes Of the McGill concentrator
where Mr.. Curtis has been employ ed
for some time
with the long tunnel Of the Utah
Metal Mining company driven about
I 900 feet from the Tooelc side OF the
range. ana with perhaps less than
1000 feet further To 20 10 tap AT great
depth important bodies Of lcad'silyer
lre which has been developed from
the surface, everything Is looking
lovely for this Toolc county property
Out OF total Of 100000 shares gu,
standing. iO5GSS shares were repre-
scented In the stockholders meeting
Of the South Columbus CONSOLIDATED
Mining COMPANY held In salt Lake
city. and 3jG.33O Of the shares repre-
scnted were voted In favor Of the pro
posed consolidation OF thar company
with the Alta a llecla Mining com
pany
The Midway old heIu, In Southern
California has not well which Il
producing less than 1000 barrels %
oil daily. and from that amour IA,
production runs mp to the phonnme
nal output Of the lakeyiew gusncr
! The oil occurs mainly In strata, o
tissues, rather than In pools or lakes
so that there is slight danger OF I'VE
lr more wells tapping tho sam,
source OF supply
In compilation OF the dividend
paid during the past eight months
he Mining World finds that 100 Amer
lean mines and metallurgical work
distributed among shareholders 6ls
}Ol. 1888, which added to the dividend
previously paid by these companies
brings their total disbursements up 4
$685., O6O. JG9 llg per cent return Of
| their S59i.l24,g57 combined issued car
u italization,
Seven metalurgical companies hsy
demonstrated that profits on this d,
, partment Of mining are seemingly no
, greatly Influenced by low metal pricei
, Tor they show a considerable lncrcas
, In earnings over the same period (
= 1903. Dividends declared by thes
seven companies 50 far this year totH
, fli 1853 600,
n The Nevada Douglas company
a constructing It's road, the Nevada Col
n per Belt from one end TO the othe
h Of the Yerington ONevada) distric
= the road now having been graded {
n the mouth OF the valley in which IN
n NoN ada Douglas mines lie
Pans are being made for lrrg
e. DNtYng I1u ~ IayaloUplaut and onari