The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1915-07-01
MINES AND MINING


Mltnm the next two weeks il Is n.
expectation to ship a carload ~ o.
rom the Copper Mountain comnan ~
Beaver county property out ~ ~
northwest from Milford, Utah
one carload Of 81. 200 pounds =. -.
ore Just shipped from the Eva W u an.
company property in the Nebo dis.
trict south Of Santaouin I1tas
Drought gross receipts of $l.7S2S5
Shipments of ore from T,nt,o -.
week amounted to total of 142 car.
ioaus. This is estimated at 4 100 TONS
valued at $177.OOO. 1t is comnaraS
with ia carloads the previous weetr
OF ABOUT 300 tons increase.
There has been diseoverao =, -.
ern Idaho what promises to develon
uhuer Iudlcious and scientific expIoita.
tlon, into a rich copper camp The
una was made six miles east OF In.
Aom on the Oregon Short Line
Based on present prices for its two
important products. Utah Consolidated
should be earning today at the rate
OF $l,5O0,OOO per annum. or s. ner
snare on 100000 shares outstanding
Gays the Boston News Bureau
Much of the heavy buying in lead
that has taken place during the mast
fortnight has been traced 10 gaIyan,z.
ers who, under normal conditions nsa
90 per cent of the spelter consumed in
the United States. says the Boston
News Bureau.
ne Of the most striking claims for
mining is made by Chester R. Law.
renee, Boston, Mass, fnancier who
has just issued statement giving the
average returns from capital invested
in various industries, and he says that
mining profits lead all the others.
Big metal producers state that never
before has the demand been SO great
for copper, spelter and lead. The
greatest part of the present inquiry
has come from sources indicating that
the metal will be used in making mu-
nitions of war in American factories
and abroad
Samples of some of the zinc deposits
opened by old workings in the Wood
lawn Mining company property in the
Cottonwoods gave returns of 1851 per
cent zinc, 149 ounces silver and IA
per cent lead. The samples amount.
ed to number of pounds taken from
several places.
At depth of las feet the Boofer
shaft at Dolly Warden, New, contin-
ues to show copper sulphide in bet
tered values than reported in last
letter. This scintillated ore appears
in black crystallized lime, the strata
alternating in thickness of from a half
to one and two inches.
From Provo comes word of the
financing of a new company to be
known as the Nevada Regent Mines
company, which will control prop
erty in the Regent district in Mineral
county, New There is a shaft 100
feet deep and leasers are said to have
several thousand tons of ore broken
and blocked out.
Shipments of ore from Park City,
Utah, the past week totaled 2,974
tons, estimated at 100000. This is
compared with 1922 tons the pre-
vious week. Owing to the Ontario's
last weeks production having been
omitted, this adds III tons excess to
the foregoing figures which should be
included in the 1922 tons.
During the past week new men have
been put to work at the Chief Con-
solidated, in Tintic, and the force
is almost as large as it was last year
before the. general mining depression.
The earnings of the mine are entire
ly satisfactory and shareholders are
certain of receiving the regular divi-
dends, which are now being paid
semi-annnally.
The American Metal Market edi-
torially says that the 16-cent advance
in spelter and the Sh-cent rise in lead
finds no explanation in the increased
demand for war munitions or exports
of the metal" Since the advance
commenced. production of spelter has
increased from $4,000 tons a year 10
500 900 tons, while lead output has IN
creased rs per cent.
According to Boston authority the
Utah-Apex, which is now producing
over 10000, 900 pounds of lead per an
mum, should within the next month De
able to make a material increase
through the installation of the hota-
ton process for the treatment OF us
shines. Cost of the improvement WIZ
be less than $4,000, but 1t should
make possible production OF close
to 100000 pounds Of lead per an
mum.
Owing TO the advance in the pree
of metals, the management oil inc
Daly.Judge Mining company at FarA
City. Utah, has announced an extra
dividend. It is 10 cents 8 snare anu
calls for $4,000
The Standard Oil company has oeeh
awarded a gold medal OF honor Iol
the conservation of natural resources
and a special gold medal Of honor TOT
its work and policies by the ran
ap,a paci6c exDosition