The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1915-10-23


dend meeting the rate was increased
from so cents to Is cents. says the
Boston News Bureau.
The nitric acid plant built recently
at the Nevada-Douglas Consolidated
Copper mines is now turning out nitric
acid. The furnace has been making
acid at the rate of about 1900 pounds
In twenty-four hours, at cost of
little less than 3 cents per pound.
Important developments are looked
for with any round OF shots by the
officials of the Mines Development
ground of the Alta Tunnel and Trans
grund OF the Alta Tunnel and Trans
portation company In the south fork
OF the Big Cottonwood canyon, near
Salt Lake.
d. w. Keeney and T. d. Lewis OF
Pocatello have acquired mica claim
near oakley, and are developing the
property and investigating the worth
of 1t. They claim that there is sew
eral thousand tons Of mica in sight,
which is sufficient to cover neat lit.
Tie COll6ctpu VI STOVES.
May Day Mining company now has
on hand approximately $4,000 in
cash, 1t Is announced. When all the
current debts are cancelled that will
leave about 100000. This Tinic mine
is piling UP profits at the rate o.
about ~ cents a share a mon h, or
about $4,000.
Shipments of ore from the Tintic
mines last week totaled 1877 carloads
This Is estimated at $3.50 tons, val.
ued at $4,000, and is compared wit,
1919 carloads the previous week. Tn
mines generally are in good physical
condition and some increase In the
weekly tonnage is anticipated
Manager Alex Goliath CT the Alta
Central says that the miners have
opened ore which samples $35 to $40
a ton. A full face is reported. This
is in block of ground about 800 fee;
: east OF the old Emma. 1t Is said that
q large interest in the property was
purchased recently for $4,000.
It is estimated that the o.d failing
dumps at the Horn Silver mine in
Beaver county, Utah, contain 175.00C
| to 100000 tons worth mill treatment
silver and zinc are the principal val
liable ingredients. The Caldo Mining
company's new mill which will work
the tailings from the dumps, Is ex
pected " be in shape for operations
by November I, and will have a ca
pacity OF 200 tons daily.
Referring to the matter OF invesN
ments In mining shares and prospects
| George L. Walker, a Boston salts
tician, says: The best way to make
money in speculation is by purchas
ing the shares Of companies whose
properties are growing in value ant
earning capacity or by securing {
small interest in a mining prospec
and taking the chance Of making /
loss you can afford or very larg,
profit"
Work on the Tintic Standard has
reached the 1850 level and the mel
are still sinking in the vein. This !.
an incline following the dip. force
of seven men Is working. At presen
the quartz fills the veins. but 1t Is bar
rem. This is the latest word from
East Tintic.
| Nevada Consolidated produced 8,
201,S5S pounds of copper in August
comparing with 6.292,413 pounds II
July. This Is very near the com
panys high record. 1t must be earn
Ing at the rate Of $3.50 share an
nually ON the present metal market
The average price Of spelter for tn
week ending October 13 was s12.0S.
. Mining operations will be resumes
J this fall in the old Willard district
fifteen miles north OF Ogoeu.
The Champion Copper company ha
declared a dividend Of 81 share
making $25 since February 21.
According to one calculation, tn
milling capacity of Utah compaaie
has been increased $500 to 5000 ton
daily in the past year.
! Shipments OF ore from the mine
! of Tintic the past week totaled II
} carloads. This is estimated at $40
; tons, valued at $155,O0O 1t Is con
pared with 1877 carloads the previou
! week.
!, / 1t Is reported from Rico, Colo. ths
/ New York capital has become inte
. ested in the old camp and from no
. on they will help the Utah men in r
viving q district which was as dead
door nail before Utah men went
there four or Ave years ago.
{ Placer gold was hrst mined In II
, Chisana- White River district In Alash
/ in 1918 when between 100000 an
. $4,000 was recovered. Last yes
over twenty claims contributed to II
!. Lproduction. and gold to the value
more than $250.000 was mined.
u with copper and lead holding
feir prices. the mining industry
!. UtaA II In . good healthy state" Wi
J ~ STARVATION made u Salt Lake
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