The Garland globe. [volume] (Garland, Utah) 1906-191?, 1911-01-07
MINES AND MINING


copper output of Butte during 1910
will fall approximately Sv,vvv,Uo0
below that of 1909.
The lead industry Is active, but this
Is usual at this time as preparations
are always made for heavy deliveries
in the early part of the following year.
The iron market is more depressed
than the steel market. There are at
least 100000 tons in stock and this
would prevent quick recovery even
II a revival should start in early in the
year.
1t is announced that the promoters
of the Welch well in Emery county,
Utah, do not expect to strike oil for at
least two months, but that the indica-
tons are all that could be desired for
success.
Salt Lake and Eureka capital is pre-
pairing to patent five claims out Of a
group of fourteen located in Lincoln
county, Nevada, eight miles southeast
OF Lehi on the Salt Lake Route. The
property has just been surveyed for
patent
Eight carloads of ore showing from
twenty to ninety-six ounces silver, six
per cent lead, forty to fifty per cent
iron, with some gold, is about the av.
erage 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 coming
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 its ore bodies by inch
es and it's dividends by the millions
during 1910 has paid out the hand
some sum of $2,10O,00O in dividend
money. The net profits for the aver
age month are $1S5,OOO, we'll above
dividend requirements.
Eighteen feet of seventy-fve dollar
gold ore is the verified report of the
big strike made last week at the Ital
ian mine, belonging to the Leesburs
Mining company, about twenty mile!
from Salmon City, Idaho. The veii
was encountered while sinking a shat
on the $40 ore deposit
The acquisition by some strons
Boston interests of the properties a.
Ophir, Utah, now within the boundary
lines Of the Lion Hill Consolidated
Mines company, has created a new
interest in Utah in these old pro
ducers, which are now to be given
thorough exploration at depth.
So far the depression in steel ha
not affected copper to any great ex
tent The copper consuming compan
les are operating slightly less capaci
ty than month ago and the price o
steady. Steel orders have been tend
Ing downward since the early part O
the year, says the Boston News BuI
eau.
Considerable speculation Is being In
dulged In by authorities on the cope
situation over the December copper re
suits, the statistics for which will no
be issued until after the first of tn
year. 1t Is thought that the Decen
Der exports will total 55,OOO,OO0 pound
while the domestice deliveries wi
reach to about 60,000,000. The Orc
duction is estimated at $4,000, 90
pounds.
The Boston News Bureau estimate
mine production of copper from PROF
critics in the United States during tn
year 1910 at 1,11S,S46,0OO pounds. Thi
compares with 1,l05,336,326 pounds 1
1903 and represents an increase of 10
5O9,674 pounds.
A movement Is on foot abroad I
have all the European countries il
cluded in the monthly or fortnight
publication of copper statistics, IL
stead of combining these figures t
England and France as at presen
Should this be accomplished, consiC
cred in connection with the America
Copper Producers association, tn
: world will have a thorough and con
plete copper statistical system.
. The Mining World says that in lin
with the policy of the present admir-
istration in fostering and developin
the smelling industry in Brazil, a d.
cree has recently been promulgate
offering special advantages to person
: or companies who shall erect plant