The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1915-02-18
MINES AND MINING

MOI Only hnNO AH~A o.
'phosphates been discovered in Utan
and wyoming, but in Montana ~
well.
: Official Berlin announcement 10
made that the gold reserve OF the
Reiehsbank has been increased TO
$40. $50, 900.
Connection between the 1,7G0 ana
!. 600 levels OF the Eagle & Blue Bell
was made February 5, according 10
adyices received from Tintic.
From Cripple Greek, Colo, comes
the information that the January pro-
duction of the camp was 1850 tons
OF ore averaging $3.50 a ton, or q
total valuation of $1,621,SS4.
Nevada ushered in another dividend
payer last week when the directors OF
the Seven Troughs Coalition com.
pany declared 2h cents to be paid on
March l to stock Of record February
20.
Shipments from the mines Of Tintic
last week amounted to a total OF Is
carloads. This is estimated at $500
tons of ore valued at 100000, and Is
compared with SO cars the week pre-
vious.
With spelter steadily climbing to-
ward the IS point, the management
Announces that eleven blocks OF
ground in the May Day mine at Eure-
ka, Utah, have been turned over to
lessees that are now mining zinc ore.
Highly encouraging results are at
tending the exploration of the strike
recently made on the property in the
tKlondyke district, midway between
GoldfieId and Tonopah, says the Gold
field Daily Tribune.
Showing total ore shipments of &c.,
629 tons which after the payment of
railroad and smelling charges yielded
a net return of $29O,9075 SO, the annual
report of the Chief Consolidated Min
ing company has been issued from
Hnughton, Mich.
Richer ore than any which is being
mined above this point Is now being
developed on the LOO level of the
Eagle & Blue Bell, at Eureka, Utah.
and according to reports that are in
circulation, this mine was never in
better condition.
An examination OF the epson salt
beds reported to have been recently
discovered near Mant1, Utah, proves
the correctness of the original report.
One place it is thirteen feet across.
A test of the stuff showed it contained
SO per cent epson.
Copper expo rts amounted to 49,
1892 pounds, valued at $2,067,3 1856.
during the week ending January 80,
the department of conm cree an
nounces. OF this, 6,2S9648 pounds
went to France. 4,776,72S to England,
1,717,42S to Italy, 1,456,536 to Sweden
and 691, 142 to Canada.
The Utah Copper company's report
for the last quarter of 1914 shows
net profit OF $1,O76,073, compared with
$1,312,73S in the previous quarter.
After dividends had been paid of ST.
21S.367, deficit of $142,29S resulted,
which compares with surplus of $94,.
81 for the previous quarter.
Denver's government radium plant
will have ready gram of the precious
mineral by next spring or early sum
mer, It has become known on au-
thentic report, says the Denver News.
The value of a gram of radium has
been estimated at $4,000. That
would make an ounce worth 1880. 900.
The Stewart Mining company start
ed the year 1915 with a surplus OF
close to $756.4O0. On June 80. 1914.
1t stood at $1,106,140, but extraordi-
nary litigation expenses ate up the
| difference Directors will probably
meet before the end of February to
declare a quarterly dividend payable
in March.
That the present method of taxing
mining properties on the basis of their
net proceeds is a just and equitable
one, was the consensus of opinion ex-
pressed by number OF mining opera,
tors when asked for their views on
that subject by the Salt Lake Trib-
une. Property in Utah is presumed to
be assessed at full value.
It is reported that the CODES of
Salt Lake have finally closed the
long pending deal for the $4,000
shares of stock in the Prince Consoli-
dated owned by James L. Hackett OF
Louisville. Ky The sum named Is
100000 and It is said TO have been a
cash deal. This gives the Utah men
control of the property
Abaormal demands from abroad for
zinc are strainiSg this countrys pro-
ducing capacity, and the market for
the metal is so excited that present
prices have scarcely ever been dupli.
Gated. The fact that business, espe.
cially in the steel and iron industry,
is not anywhere near normal Is
charged with saving the zinc industry
from dangerous situation.
Although lie management of the
Jumbo Exte. slon Mining company on
February ceased stopping on the
lower levels Of the mine IN ord ar