The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1914-02-05
AROUND THE MINES

The total dividends paid by mining
companies in the year 1913 was s76,-
245, 900.
The International will increase its
Miami furnace capacity. according to
a report
Dividends from the Cobalt mines in
1912 showed total of $9,324,044,
showing an increase of nearly ST.
100000 in the figures for the year
which has just closed.
1t is estimated that the face Of the
Montana Bingham tunnel Is now 900
feet vertically below the surface, and
1t Is well within the lines of the Bling
ham Amalgamated ground The tun
mel is now in about 1850 feet.
Three new names appear on the
dividend paying list of the Cobalt dis
trict for 1918. bringing the total to
twenty-five dividend payers, both past
| and present OF which seventeen paid
to the shareholders during the year.
Kennecott Mines company, operat-
ing the Bonanza Copper mines in
Alaska and controlled by the Morgan
Guggenheim syndicate has declared
and paid a s1.000,G00 dividend. This
brings the total distribution since
1910 to s5.O00,00O.
Another incorporation has been
formed for the purpose of working
lease and developing its own ground,
in Utah's new silver camp. This is
on the west edge of the Great Salt
lake. The company is the Silver ISL
and Consolidated,
Reports of the sale of an important
tract of radium ground in Wayne
county and the possibility of the cree
ton of 100000 reduction plant in
southeastern Utah is wade by E. f.
Marshall, whiting from Hansssl to
the Green River Dispatch.
Authoritative word has been re-
ceived in Golconda that the deal for
the Kramer Hill mine had been
closed in Kansas City, where the
head offices of the company are sit
uated, says the Humboldt Star. The
purchase price is $S50,000.
]. H. Huling Standard Oil repre-
sentative, was in Price, Utah, last
week, on his way from Bakersfield.
CAL, to Denver and made no secret
of the fact that his company had filed
on large number of old claims in
Clark's valley east of that city.
Late word from the Moscow of Bea-
yer county, Utah, was that the new
shaft is down over $50 feet, and that
sinking is making good Roadway Ow-
ing to the time consumed in cutting
out station at the 800 level the De-
cember progress showed only eighty
six feet.
Showing a high grade paraffin oil,
new field of this quality of oil has
recently been discovered about forty
miles south of Giles, on Bull Frog
creek, some ten or fifteen miles west
of Mount Pennell and about twenty
five miles southeast of Notion, In
Garfield county, Utah
The total dividends and bonuses
paid by Cobalt mining companies dur
ing 1918 amounted to $40, 196,094, says
the Financial Times of Montreal. The
dividends from the inception of the
camp amount to $4G,933,S18, exclusive
of close corporations, which would
bring the figures to $51,63S,6S1.
Approximately 2,10O tons of ore Is
the average now going through the
Lark mills of Ohio Copper. 1t is pro
posed to install some heavier crushing
may probably be brought back up to
5000 tons daily again. The ore Is
said to be averaging little above l
per cent copper.
Work will be resumed on the Lib
erty claims located near. Sildex, just
across the line in Montana, early in
the spring, according to the plans OF
the operators. This is one of the
most promising projects in the Occur
d'Alenes and, although little develop
ment has been done. an ore shoot
about a foot wide has been uncover
ed
The assay office of the Hercules
Mining company will be moved to
Wallace, Idaho, as soon as the COM
pany completes the building 1t is now
erecting at it's mill about half mile
below Wallace. The change of the
assay office from Burke to Wallace
has been brought about by the wish
of the management to have the assay.
er close to the mill.
With all the big mines of the dis
trict maintaining steady production,
and in some instances a steadily In
creased production-notably, the Her
cules-the outlook for the new year
in the Occur dAlenes is showing up
more luminously than at the begin
ming of 1913, which was a banner year
In more than one respect for the dis
trict's mining industry.
8. w. Mulberry. prospector. who
has tramped the hills and mountains
of the Rocky mountain region for a
generation, has discovered a fine vein
of carnotite ore in a new field two
and a half miles southeast of Fonita.
Wayne county. He has not only
found the ore, but has taken out and
had freighted eighty miles to Rich
field. seventy-six sacks or about two
tons of II.
The recorder Of the Tintic mining
district, reports the filing of proofs OF
labor affidayits covering last year as
sessment work on thirty-eight claims, |