The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1916-04-08
MINES AND MINING


Goodsprings. New. has declared an.
10 100000.
Mining operations In the camp OF
Contact, In the northeast corner of Ne
vada, are extremely promising for this
time Of the year.
Within the next ten days the new
compressor will be in operation at the
Eagle & Blue Bell mine, in Tintic
district, the big machine already be-
Ing partly installed.
Shipments Of ore from the mines
loads. estimated at 8,400 tons, valued
at 100000. This is compared with
l41 cars previous week.
The West Tintic section seems to
be coming to the front and mining
men are anticipating considerable ac-
tivity during the coming summer on
ground which has been for many
years idle.
Estimates from the month of March
show that May Day sent to market
293 tons OF zinc ore, making the heav-
lest zinc shipment from the property
In some time. On March | the COM
pany had as cash on hand s24,51749.
Word has come from the New
Quincy at Park City, Utah, that an en-.
couraging seam of ore has appeared
in the face Of the drift that is being
sent along the intermediate raise
above the 1900 level of the Daily
West.
A strike of considerable magnitude,
the real Importance of which cannot
yet be definitely stated, has been
made In new winZe from the 800
foot level in the Crown Point claim
of the Rochester Mines at Rochester,
Nevada
From Butte, Mont, comes word that
the Butte & Superior has purchased
three new mining claims lying north
OF Butte New York mines, namely
the Naragansett, Rising Sun and Mas
todon. They are regarded valuable
properties.
Sales on the Salt Lake mining ex-
change in March amounted to 4,S30,2
shares, valued at $951,3OS.92. That
one month amounted to more than
for the entire year 1914, which figures
were 3,3S5,956 shares sold, valued at
$G93, 4S2.S8.
There Is considerable excitement
out in the Deseret Mountain section OF
the West Tintic district and unless all
reports and Indications are misleading.
large amount Of good ore is going to
be shipped from that section during
the present year.
The outlook now is that 1916 will
witness by far the largest metal pro-
duction Utah has ever experienced.
While it reached a record laust year of
S55,000,00 some now estimate the
possibilities CT 1915 at not less than
$75.000,000.
From Provo came word last week
of the preliminary steps that have
been taken toward the consolidation
Of the Colorado and Beck Tunnel min
ing properties in Tintic. This will give
northsouth belt of mnerai ground
Of more than q mile.
Judging from the results of divi
dends declared in the first three
months OF 1916 by Utah mining com.
panies, the total distributions for the
While it reached record last year OF
than $19,000,000 During the first quar-
ter of the present year the Utah mines
have distributed total OF $4,795, 4lo.'
Never in it's history has the Vest
ern Federation of Miners been in a
more prosperous and sound condition
than at the present time, according to
Charles II. Meyer, president of the
Federation, who was in Salt Lake for
a few days on general tour OF the
chapters throughout the western
states.
Ore shipments from the mines Of
Park City last week totaled l 1893 tons,
estimated at $4,000. This is compar-
ed with lisa tons the previous week.
The. production of the camp for the
month of March totaled Clio tons, es.
timated at $250,000. This is compared
! with 1854 tons in February and 1920
d tons in January.
= ooics oH INC odit ldke INNING eS-
change the past week showed an in.
crease OF nearly 100 per cent compar.
ed with the previous six days trading
which Of itself was considered excel
lent The increase is in round mum
bers $4,000. or from $l74OO0 to more
\ than $336,OO0. Two of the days were
= the heaviest in seven years.
Y Stock OF the Logger Mining company
q was listed on the Salt Lake exchange
:. last week. The statement shows 500,
!. 900 shares of cent per value, OF
z $4,000 capitalization. The treasury
u contains 10000 shares and 5000 In
o. cash. The property consists of eleven
9 unpatented claims located in Big Cot