The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1916-09-22
AROUND THE MINES

s+.,-,, P@h4es nave shared with
stockholders $2O7,13s6Ss avn
Ben D. Luce, former member ., ~.
SAT- Lake Stock & Mining .1cpango
70 IN Ionopah, according to reports,
weeping the bubbles of the slime
ponds and making a fortune.
Latest reports from the pa,on.
Mining company in Beaver county
oeah' say that at present the COMPANY
10 working one of the largest forcas
IN the district and that rapid progress
is being made. -"
august proved an exceptionally
soou month for holders of stock in
american mines and works, for. ac-
corolng to reports made to the Min.
ing and Engineering World. SIG e83
III In dividends were disbursed
according to report received from
L1oVeiock, Nevada, orders have been
placed for the enlargement OF the
present Rochester Mines mill 40.
cording to the management the mill "a
to be enlarged from 100 tons a dav 10
200 tons. ~
DaVie Irish, one of the pioneers NJ
tne Mizpah, Nevada, copper camp,
VINO was in Salt Lake last week. an.
nounces that progress of the mine de.
Velopment in Mizpah district within
the last eighteen months has been
greater than ever before in it's his
tory.
Activity in Kennecott Copper com.
pany shares is based not so much on
the belief that the dividend will be in
creased at the December meeting, as
1t Is on the realization that the COM
pany will have net cash and copper
surplus of something like $4,000 900
at the close of 1916.
During the eight months of 1916
ended with August, 143 companies have
paid dividends totaling $169, ZIG, 976,
Since incorporated these 143 compan-
les have divided among the sharehold-
ers no less than $1,171,935,237. The
combined issued capital Of these com.
panies amounts to $S90,251,S61.
Under contract given by the board
OF directors of the Secret Mining &
Milling company work has been start
ed on the lower tunnel near the AL
bion boarding house. The contract
calls for 200 feet of work. The tun-
mel is already in seventy-fve feet and
is showing some naturalization.
The semiannual report of the Amer
lean Smelling & Refining company for
the SIX months ended June 80, last,
shows an enormous gain in earnings
over the first half of 1915. Net in
come for the six months applicable to
dividends amounted to $11,145,69 an
increase over 1915 of $6,125,712.
Miami Copper company, one OF the
smaller" porphyries, continues to
give an excellent account of itself.
It's production is now running very
consistently at the rate of close to co..
100000 pounds of copper per annum.
1t is only very short while ago that
100000 pounds appeared to be
Miami's limit.
Active work has been started on the
Independence Mines property in For.
tuna district in Utah to prospect the
big ledge that runs through the coun.
try. Cutting through this property
and several others is ledge that out
crops above all the other formations
and for some time it has been looked
upon as the most likely dixie of the
district.
Since the Tintic Milling company's
mill at Silver City has passed the ex-
detrimental stage entirely satisfactory
to the manager, preparations are now
under way to enlarge the plant by
the addition of new equipment. By
means of this addition the company
expects to bring the mills capacity
up to 800 tons per day and also handle
a larger tonnage.
Reports received from Park City
said that the long tunnel be-
ing driven on the Silver King Consoli-
dated ground has encountered the
solid formation, and piston drills
have been installed. The soft ground
is now disappearing overhead With
the new drills going more rapid pro
gress can be made.
The ore body is improving in the
bottom of the winze on the Buffalo
Consolidated Mining & Milling COM
pany's property located on Lion hill,
in the Ophir district, according to
reports that have reached the local
officials. The main tunnel is being
driven along a assure into promising
territory
The management OF the property Is
confident that the present plan OF ex'
ploration work under way at the
Emma Copper Mining cOmpanys prop,
erty. located in the Little Cottonwood
district, will result in the discovery
OF the faulted ore bodies that MADE
the Old Emma property one OF the
famous producers Of that section.
Reports from Bonanza, a mining
camp near Challis in Custer county
are to the effect that there is unusual
activity in that section A number
of rich strikes have been made IL the
$50. - r-r.o, r,,ouptaiu which has