The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1911-01-06
MINES AND MINING


THAN the steel market There are at
least 100000 tons In stock and this
would prevent q quick recovery even
II revival should start In early In the
Tycar.
u Is announced that the promoters
Of the Wclch well In Emery county
Utah. do not expect to strike oil for ai
least two months. but that the indlca
lions are all that could be desired for
success
Salt Lake and Eureka capital is pre-.
pairing to patent five claims out Of
group Of fourteen located In Lincoln
county, Nevada. eight miles southeast
Of Lohi ON the Salt Lake Route. The
property has just been surveyed foi
patent
Eight carloads Of ore showing from
twenty to nlncty.six ounces silver. six
per cent lead, forty to fifty per cent
iron. with some gold. is about the av
orage monthly shipments from the Hub
and Lady Bryan mines In Beaver
county, Utah.
The depression In the metal industry
Is due. according to manufacturers
more to unsolved problems than any
thing else, among them the attitude OF
the commission ON freight rates and
the pending decisions In the Standard
OIL and Tobacco cases.
Judging from recent reports from
Arizona the Miami Copper company
will hardly be ready for starting mill
/ operations by the first Of the corninp
month Little else remains unfinished
except the mile or so Of water piping
which Is being laid as fast as can be
done
NIpIssIng the Cobolt proposition
which measures It's ore bodies by inch
cs and It's dividends by the millions
during 1910 has paid out tho hand
some sum Of S2.iOO.OOO in dlyldent
money. The net profits for the aver
age month are SlS5OOO, well above
dividend requirements.
Eighteen feet OF scventy.fvc dollar
gold ore IL the verified report OF the
biz strike made last week at the ltal
Ian mine, belonging 10 the Lcesburp
Mining company. about twenty miles
from Salmon City, Idaho. The vein
was encountered while sinking a shaft
on the $40 ore deposit
The acquisition by some strong
Boston interests OF the properties nj
Ophir. Utah. now within the boundary
! lines OF the Lion Hin Consolidated
Mines company. has created new
interest In Utah in these old pro
duccrs. which are now to be given Q
thorough exploration at depth
So far the depression In steel has
not affected copper to any great OK
tent The copper consuming compan
les are operating slightly less cnpacl
~ than month ago and the price of
the metal has ruled comparatively
steady Steel orders have been tend
Ing downward since the early part OF
the year, says the Boston News Bur
eau.
Considerable speculation Is being in
dulged In by authorities on the copper
situation over the December copper re-
suits, the statistics for which will moi
be issued until after the first Of N,
year II Is thought that the Dccom
Der exports will total jjOOO.O 600 pound.
while the domestlco deliveries vii
reach TO about GO,OOO.OOO. The pro
duction Is estimated at 10000 O0t
pounds .
The Boston News Bureau ostimatei
mine production Of copper from prop
critics In the United States during the
year 1910 at l.ilS,S4G.OO0 pounds. Thl,
compares with 1.tO5.33G. 1926 pounds II
1909 and represents an Increase Of 10.
5O9.G74 pounds.
A movement is on foot abroad e
have all the European countries In
cluded In the monthly or fortnightly
publication Of copper statistics. In
stead OF combining these figures L
England and France as at present
should this be accomplished. consid
cred In connection with the American
Copper Producers association, tho
world viii have thorough and com
pleto copper statistical system.
The Mining World says that IN lin,
with the policy OF the present admin
'slration In fostering and developinr
the smelling industry In Brazii, a de
cree has recently been promulgated
oHering special advantages to persons
or companies who shall erect planti
Tor the manufacture, OF iron, lncludlnl
blast furnaces, the installations neces
Sary for Transforming the plg.iron pro
Duct Into wrought iron or FINISHED
nteel' sheet mills, foundries, etc.
Heavy snowstorms have driver
many OF the miners ont Of American
Fork canyon, Utah. and at present
only the Mountain Dell Mining com
pany, the Pacific. the Miller Flat and
Dutchman properties are showing any
degree of activity.
Cost Of coal is keeping at least one
nevada mine from productive opera
lions. This is the Inlay Mining com
pany' situated In Humboldt county
nVe miles from the railroad town Of
INLAY on the Southern Pacific. Goa
laid down at the mine costs $3.50 O
ton
A dispatch from Seward, Alaska
| says: Half "A ion nj pold ,yne hrottehi