The Garland globe. [volume] (Garland, Utah) 1906-191?, 1910-09-03
MINES AND MINING

company reports net earrings OF 81
5O7 GIG for the year ended April 80,
decrease of s2O4,O63 compared with
the preceding year.
The American Shelters Securities
company for the year ended April 30
shows net earnings of $5,202,31O, an
Increase of $1,575,SS4 over the preced'
ing year. a gain of about As per cent.
On returning from abroad Monday
morning. f. Augustus Heinze the
controlling factor of the Ohio Copper
company, unreservedly pronounced
his trip to finance the company
success.
From the scene Of operations of the
Comet Gold Mining company. which
recently took over the Indian Ike and
an adjoining group of claims in Black
canyon comes the news that the face
of the tunnel is in highly mineralized
vein material, which shows occasional
spots of free gold.
In the New York Bonanza mine, at
Park City, drift is now being run In
a southwesterly direction on the fis-
sure encountered some time ago, the
work thus being in entirely new ter.
ritory. The assure shows three and
a half feet of vein material which is
highly mineralized.
More work is being done in the old
districts of the Vernal or Uintah, re-
gion than has been generally sup
posed at this distance from the scene
of action. In the Rangeley district,
sixty miles southeast of Vernal, ac-
cording to Enos Bennion, merchant OF
Vernal, thirty-five wells have been
sunk, with not more than four or five
dry wells.
Ten feet per shift, and two shifts
per day, is the speed being main.
tanned by the Tintic Standard COM
pany of Utah, which is using the dia-
mond drill for prospecting its big
vein from the station of the 1,000
level General Manager e. ]. Rad
datz has returned from the mine and
announced that the drill work was
progressing smoothly.
The Snowslide and Hardscrabble
Idaho in the Gilmore district OF Idaho,
began shipments this week, by wagon
route, to the Lemhi smelter at Hahn.
The ore, which Is lead-silver, Is good
for about $50 per ton. The distance
from mines to smelter Is nine miles.
Gradual improvement has been shown
in tie ore bodies as the work pro-
crossed.
Abiding to the gratuitous advertis.
ing of Chino Copper by Thomas Law.
son, George L. Walker says that 1t
naturally is having a tendency to
prevent the public from buying Chino
and is causing general selling by spec
ulative holders and is keeping the
price of the stock much lower than 1t
is entitled to sell on the merits of the
property and the standing of the COM
pany's management"
The tunnel at the Lost Josephine
mine, in the former Uintah reserva.
ton, in which work was recently re-
sumed by the Provo owners, has en-
countered cave. The opening at last
account had not been explored, but
from the strong current of air which
comes from 1t, the miners believe that
they have penetrated old workings Of
the mine, from which, according to
traditions, the Spaniards took much
golden wealth in early days.
The Yellow Jacket, on Yellow
Jacket creek, sixteen miles from, For
ney, which has lain dormant for the
past fifteen years, is again in com
mission. A new clubhouse and other
buildings have been completed, and
the mine has been retimbered. The
mill is being put in thorough state
of repair. The Yellow Jacket is a
gold producer OF ores grading from
| So to SIS per ton, and has hitherto
been considered low grade PROPOSE.
| ton.
The Skidoo Mines company, oper-
ating group of twenty-three claims
in the Panamint range, Inyo county.
| California, has recently entered the
list of divdend-paying gold mines.
The property lies on the southwest.
ern slope of Tucki mountain at an ele.
walton of about $500 feet above sea
level. The country hereabouts con-
sists of series Of rolling hills and
gentle slopes, separated from Death
valley by range of paleozoic lime
stone hills.
Experiments in making from Utah
mineral wax product to take the
place of the rubber of commerce. con.
Quoted by DR.. Clarence Barrett, gen.
eral manager of the Paraffine Oil COM
| many of Utah have apparently been