The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1912-03-15
AROUND THE MINES


far this year. and since incorporation
S2i.lsi 800
Three mclallurgical works having
an outstanding capital Of SijO,7Gl9jO.
paid during the past two months dlvl'
bends totalIng t2.lo9.AS2. and $50.
S2i.75O since Incorporation. making a
return equivalent to 90 per cent
Judging from returns made to Min
Ing and Engineering World durine-the
drst two months Of 1912. the sOcalled
presidential year will have little. II
any. effect on the dividend declara.
tons of American mines and works.
The directors Of the Dream mine.
GEAR Spanish Fork. Utah. have de-
cidcd TO install machinery and drive
tunnel from the base OF the noun
tain TO tap the bottom Of the workings
which would make II easier 10 push
the work rapidly.
From Provo comes word that min
Ing deed transferring tho Silver Hell
aud ten other mining claims and other
property In the American Fork mia
lng district from the Eudofa Bell Min.
Ing company to George y. Lawrence
a. trustee. for the Bculah Bell Mining
company. has been flcd
That i2O feet Of ore has been dem
onstratcd ON the properties Of the
Lead King Mining company near the
Steptoe works at McGlll. where from
three to Ave fcct Of ore carrying u
high as so per cent In the black met n
Ia tho encouraging word received by
the shareholders. says McGill Copper
Orc
Good news comes from tho Boise
basin. where the Boston a Idaho
Dredging company has been workinr
with their giant drodgc on Elk creek
The company Ia handling 10000 cubic
yafda Of dirt day The ou'put In
gold from this dirt ~ never less than
~ cents. A. times It runs as hlgh a.
30 cents 20 the yard
or the nf,y seven American mining
companies paying dividends 500 FAR In
1912. forty.two are In the goldHilyer
lead zinc classification, and they con.
trilutcd to the two months total 10
tho extent OF S61Ogii3 Since incor
plration those nuyseyen companies
have distributed among stockholders
Si67,50.,21L or no per cent
Preparations are now being made 10
rcsumc active operations az the Wan
dcrin1 10y shaft Of the llm Builder
minc and concentrating all develop.
mcut work on the Fraction vein. says
the Tonopah Miner. She shaft Is now
being put In order and will be-
Cqmppol with an electric hoist In lieu
,f the present gasoline hoist
Mexicos Internal troubles have Ger
lglnly had depressing eject ON the
payment Of dividends. for only i've
companies have seemingly been In
position to share their profits with
holders OF stock. 40 far this yeay. and
these Ave only to the extent OF
I3l75Si A year ago eleven companies
reported as haying paid total OF
u.375.lOS.
Something revolutionary In the pro
cess OF ore extraction Ia now being
tried out In 2bOton plant which has
Just been erected at Anaconda at q
cost OF 125OOOO. The plant Ia for III,
purpose OF treating tho shines at IN,
washoe smoltcr. The shines carry
about two and n fourth per cent ol
COPPER and about 81 In gold and silver
per ton Of shines
In 1905 an eastern syndicate drlllc,
we'll to depth OF loo feet at
point west OF this city called MINI
Mile. whore II IL believed by man
that oil In paying quantities wa
struck. but the well has RENAME,
plugged all these subsequent year
aud no one actually knows why opera
lions 30 mystoriously ceased, says thu
Green River. Utah, Dispatch,
In,onse interest Ia being taken b
mctallurglsts and base ore operator
generally over the formation OF tn
Reed Zlnz company. which Ia nov
erecting the first unit Of 81 10000
plant at RaycnsWood on the Dunbar
NuH huN-nHt utAl oaN llNNNtHNnt w
which process H. authorltatiycly b,
llcycd to spell the elimination OF IN
'umes from smelters. whether they b
dine lead or copper or all combined.
Copper metal Ii on the way to l
sents pound and will reach tina
Trico In the near future unless a yer
Iudden change occurs In tho situi
ton" IL the emphatic declaration q
the president OF one Of the larges
coperproduclng companies In IN
country, says the Boston News iI
teau.
This week tho famous Renga
hoist, that was used ON the Reaga
lease on the Mazuma Hills propert
In Seven Troughs district. was shll
ped to Bcowawc. whore Il viii
used In irrigation work, says the r.
view.Miner. This hoist became 4
nous. not only because OF the wealt
Il hauled out OF the ground for Paid
Reagan In Ma4uma, but more esp
cially because OF the millions It too
out on the HaysMonette lease
Goldheld.
up at Park City we have mines
We don't discover them" This !
comic remark was dropped by an opo
stor who has for years perslstent