The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1912-05-31
MINES AND MINING


"a raise from the 400 level
% is said that deposit Of aluminium
showing ~ 10 % per cent has been
discovered near Mammoth Ia Tintlc
district
Tho Wilbcr' property in Idaho ia
reported to have eighteen inches Of
ore DO SO 3 adit, which runs as high
~ go per cent lead
The Ontario mill at Park City
should be- ready tu start mp In a
little over month The old mine Is
said 90 have 100000 tons OF ore In
sight
Word has just been received from
the BARKER property sixty miles south.
east from Great Fails. Mont. that ore
has been struck In q now place on the
600 level
The Ely ENpo'tor gives the daily
ore shipments Of the GirouN CuuHos
dated company as three OF four ears.
the average copper value ~ which Is
about per cent
A. predicted last wook. tho Consol.
idltcd Mnrcur Gold Mines company
has declared a dividend OF cents
share or $4,000. which will be- paid
TO stockholders ON July 10
Tho mon employed in the coal
mines OF Utah iu 1911 numbered
5000. who worked an average Of 23c
days Tho average production Of
each man employed was S2i.3 tons In
1911
The production 81 coal In Utah In
1911. according tn figures compiled by
r. W. Parker Just made public by
the United States Geological survey
was 2.5l3.l75 short tons having o
cash value OF 2i,24s GGG
The CIrouN AZ Ely H. gradually In
croasinr its production. It's contract
calls for 1000 to 1000 tons daily &c
the shelter nj McGlll. but only .
fraction Of this ls being forwarded az
present. owing to delays
The state " Massachusetts has o
law compelling mining companies
whose stocks are dealt IN on the cN
changes OF tho commonwealth TO hlC
an annual report stating the com.
pany's financial conditions
While there have been no now
strikes or startling developments the
past few days In camp shIyoly, i've
mics northwest from WlLnCmuccl
sim conditions there are exceedingly
GOOD. according to reports from that
section.
pitsburg silver Peak Gold Mining
j company has announced It's FIRST diyi
iend. one cent u share. or S2I 900, "a
be distributed ON the 100000 shar,s
outstanding OF tho 100000 In tho
company Tho mine Is said to be-
, earning $4,000 TO $4,000 q month
ana that Il has about 100000 In the
treasury
Developments In the last week In
, Iarbidge have been far beyond IN,
highest expectations It any OF the old
timers Tho Buster Ia Just now the
center Of interest Since WnEncld
threw up his option prospecting has
been going steadily on. an ore body
having been located which shows d
value Of $40.
News comes from Fairylow. Nevada
OF the persistence Of pr0speCtor be
Ing rewarded. Bill Wassnr had beer
hunting for a ledge for years on the
Strength Of float he had found Re
r"ntly he struck the ledge aud a fcN
days ago had taken out thirty sacks oI
ore running from $500 to 81 600 a ton
mostly In silver
The ninth United States census re
corded the first production OF coal II
Utah an output OF $500 tons. Tel
years later tho production amounted
to less than 5000 tons II assumed
some Importance In 1882. when "a,
production amounted TO 100000 tons
and n reached the millonton mari
In 300 In 1903 II exceeded 2,OOO,0O
tons
At rccon, meeting OF the share
holders OF tho Utah Bingham Mlnlui
company, held az its headquarters II
0 Maine. the stockholders authorized
i the sale Of the property to new
company TO be organized by the dI
b rcoiors Of the old company, TO b.
l called the New Utah Bingham Min
I Ing company, says the Boston Com
0 merCial
o The report comes from the Loat
D King Mining company property noa
McGill, New, that the main deposit o.
= flssurc from which the enrichmon
? derived its force, and from which the!
: have been driving for the past I've
years, has not yet been discovered. bu
the changes in the formation In m,
drifts at the present time lead then
0 TO believe that they are nearing IN
coveted goal
= ore teams are passing through Yer
ington daily now loaded with rich or
; from the Yeringion Copper. on IN
i east side, says the Times The or
is being loaded a. the Yerlngton d,
pot on Copper Belt ears for IN
Thompson smeltor.
] An unusual feature Of The Joplin or
I, market this week ls that the has
/. prico OF GO per cent zinc ore range
from 50 10 81 per ton above that q
lead ore, says the Engineering an
Mining journal The base price O
zinc was from s5i 10 $50, while lea
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