The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1916-10-20
AROUND THE MINES


year Is the best in the states history.
Production of the mines of Tono-
pah the past week totaled $500 tons,
valued at $170,7T6
The Tintic Milling company viii
have its plant In shape 10 start oper-
atoms with all Of the eleven roasters
by November /.
Latest word from the Rico Argen-
tine is that indications In the new
workings under the power drills are
that the sought-for copper shoot ia
close at hand.
Reports from American Fork can
yon are that the Gold Hill Mines Is
now combining its development work
to adit No. 3. or lowest, which Is being
pushed ahead.
officials Of the American Consoli-
dated Copper report that there is four
feet of gangue between walls in the
south drift The face is estimated at
about $50 feet from the surface.
Within less than a month the rails
Of the Alta-Cottonwood railroad, which
is being constructed from Wasatch
into the very heart of the camp OF
Alta in Little Cottonwood canyon.
will be laid.
The Rico Wellington has been doing
a large amount of work putting the
mine in shape for heavy shipments. II
is understood that company has So, 900
in cash and has no debts beyond cur
rent expenses.
Grand Central joined the list of
1916 dividend payers last week by de
claring a Accent distribution. The
Provo directors took action at the
monthly meeting This calls for $780,.
600 on the 100000 shares issued.
Two recent shipments OF the Fis-
sures Exploration company. which
has lease on the Pacific property.
brought over $6,400. One shipment
brought $4,000 This was for a car OF
lead ore. A car of copper ore brought
$4,000.
Chief Consolidated has announced
another quarterly dividend Of cents
share. This calls for the payment
on November of the sum of $4,000
This brings the 1916 dividends up to
$4,000. 1t makes a grand total OF
1921. 900.
According to information given out
at the offices of the CardiT at Big
Cottonwood last week. the company
has just put on another tractor, with
two trailers. making two in that ca.
pacity, to aid in the hauling of ore
from the big mine.
The November dividend of the Pitts.
burg-Idaho will amount to Az cents.
calling for the distribution among
stockholders OF the sum OF 336.450.
This will bring the Idaho compaRy's
dividends up to S2S6,45O. The monthly
ore shipments are estimated at near
$50, 900.
During the past several months Ger.
tain interests have been quietly pick
ing up odd blocks of 1000 to 5000
shares of the Indian Queen. A report
last week was that certain parties In
Salt Lake who are understood to hold
block OF about 25OOO0 shares were
taking over control.
Twenty-Five mining districts in
eastern Nevada are described in re.
port recently issued by the United
States geological survey. department
of the interior Silver. lead, copper
and gold are the principal valuable
metals found, but tungsten and bis
muth also are known to occur.
According to the Lovelock Review.
/ he hnl
shipment from the Rochester Mines
company went forward last week.
amounting to $4,000, which is an in.
crease over the value OF recent bull
lion shipments. Good ore is being
taken out from all parts OF the mine.
At the Iron Blossom meeting It was
announced that the company Is now
sending out 100 tons a day OF silicious
ores although the embargo placed on
shipments from the mine has not been
lifted. September earnings we're
more than double what they were for
August and were probably in excess
OF $4,000
At the regular monthly meeting az
Provo the directors of the Iron Bios.
som company declared a quarterly
dividend OF 10 cents a share This
requires the payment on October 25
Of 100000 II will make $3.50 600. or
IS cents a share. paid out so far this
year This makes a grand total TO
date OF $2.s50,0O0. or Sass a share
Robert A. Holley. mineral inspector
OF the Salt Lake field division OF the
United States general land Office, has
returned from a tour Of investigation
I OF three months In southern Idaho He
says that remarkable strikes OF ore are
| reported in the Silver Consolidated
and Demmlng properties near Atlanta
and In the Rochelle mines In Boise
/ county.
According TO figures made public
last week the 500 tons Of ore shipped
from the Tintlc Standard mine Of Tin
tic in the month OF September carried
values OF about S34 per ton. This
I hrfugs the rpupanw Htffa batter