The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1915-10-01
MINES AND MINING

NUMBER OF new properties VIII be
electrified, II is said.
Gold coin and certificates In tho
vaults OF the federal reserve banks
Increased more than $12.000.O 900 in
the last week. according to a state
ment OF condition September II.
The new oil Notation processes
which are being gradually brought In
at both the Utah Copper and Utah
Apex mills Is said to be proving ali
that has been claimed for II.
Several punches OF high-grade ore
are showing in the winze that IL be.
ing sunk on the brecciated vein In
the Emma Copper property, located in
the Little Cottonwood district
The construction of the nine build.
ings and the boarding house on the
property OF the Price Mining com
pany, located In the Big Cottonwood
district, Is being pushed rapidly TO.
ward completion.
Word received from Willow Greek,
New, is that the shaft On the new
gold discovery on the Willow Creek
Gold Mining company property Is now
down forty-iye feet and the bottom
shows 5000 values.
The Salt Lake q Alta railroad 10
now carrying to the smelters daily
about 1870 tons OF ore from the mines
In Little Cottonwood canyon. or this
tonnage the South Hecla is sending
down nearly eighty tons.
Gold ore running $50 to the ton has
been encountered in the winze seven.
ty-nve feet below the upper tunnel
level, according 10 letter received al
the Salt Lake offices OF the Bull Val
ley Gold Mines company.
The average price OF speiter, 81.
Louis. for the month OF August, aa
compiled by the Engineering & Min.
Ing Journal. was 12.s11 cents. as com
pared with 1886 cents in July, and
5.4ls cents in August 1914
An increase OF s691, 2ss45 la net
earnings from operation during the
fiscal year ending June 80. 1915, over
the earnings for the previous fiscal
period, il shown by the annual report
OF the Colorado Fuel & Iron CON
pany.
Bingham camp today Is probably
producing more ore than ever before
in It's history. The Utah Copper alone
is mining and milling $4,000 70 aa
high as $4,000 tons OF IT'S low grade
sulphide porphyry copper ores inside
of twentyfour hours.
The manager of the Tintic Stand.
ard, In Tintic district, Utah, says the
jigs are making a very satisfactory
saving on the low-grade ore and that
the car Of concentrates, shipped last
week. will probably carry from 40 "a
so per cent lead and from 20 70 ~
ounces silver.
That the mining industry Is facing
the greatest period OF prosperity in
its history was the opinion expressed
by Carl Scholz. president OF the Am
erican Mining congress. while in Salt
Lake on his way 70 San Francisco 70
attend the annual convention OF the
national Organization. /,
There have been rumors rife In
Bingham for some time that part q
the stope from which the Utah Metal
& Tunnel company has since April
shipped upwards Of 1I00v tons OF $50
ore. aggregating 100000, is claimed
20 be Bingham-New Haven ground.
and that company asserts apex rights.
Now suit has been filed.
Net income OF the American Smelt
Ing Il Refining company for the sin
months applicable to payment OF diyi.
dends was $5,0l9.9s2. an increase over
the same period OF last year Of S53..
290. After regular dividends on the
preferred stocks and at rate OF 4 per
cent on the common stock. there was
carried to credit OF surplus sl,07l SOS.
For the purpose Of developing 400
acres OF coal land. located IN Spring
canyon. Carbon county. the Carbon
Fuel company has been Incorporated
with a capitalization OF $500. 900. The
property is now being developed with
three shifts OF miners and the com,
pany expects TO be producing Ia the
neighborhood Of 1900 tons OF coal
daily In the near future.
With the distribution on october 1
"a - AVh@A VI sF9pt&Oo uAftuGhaa iAgm
the mines OF Park City section OF
the Utah mineral zone, a new impetus
Is given to mining. the like Of which
has not been Witnessed since tbs
good old days. The Silver King Coab
ltion will pay out sls7 500. the Silvet
King Consolidated, S63.75S. the Daly
Judge, $4,000, and the Cardiff,
1926. 900.
Utah operators had much 20 do
with the fact that a dead camp
springs into life again." as the Den,
yer Mining News refers to Rico. Colo,
and its awakening IA the past fous
years. The article goes on to say that
a little over four years ago the miiS
Ing camp OF Rico was just about ~
near a deserted camp as II was pos
slble TO find anywhere in the west
Not a man was working in the camp
for days pay. but 4 goodly number
Of leasers were ~ work As usual. To
day the camp Is prosperous.
Four or Eve streaks of hiKh,Rrada