The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1916-07-01
MINES AND MINING


operating its mill at full blast. The
usual force is employed. The opera
tons at the mine are on large
scale.
High-grade ore has again been
struck in the Yankee Consolidated. ac-
cording to authentic word from Tintic.
This is in what is called the Humbug
ground.
Extensive development work is to be
renewed by the Morgan-Argentine Min
ing company at its property on burst
mountain, in the Argenta mining dis
trict, in Morgan county, Utah.
Officials of the Tintic Standard Min.
ing company are considering install
ing electrical equipment for the oper-
alton of the hoist and compressor in
order that new working SHAFT may
be sunk at once.
Shipments of ore from Tintic mines
last week totaled 2G1 carloads, esti-
mated at 1850 tons, valued at $685.
900, compared with 242 cars the pre-
vious week. This is the heaviest pro
duction week in several years.
Shipments of ore from the mines
of Park City, Utah, last week We're
the heaviest in many months They
totaled 2,196 tons estimated at $751;
900. This is compared with 2,GJ4 tons
the previous week valued at $4,000.
A mining deal has just been closed
which means much for the Wood River
Triumph groups of claims on East
Fork has passed into the hands of the
Guggenheims of the American Smelt-
ing & Refining company.
The entire camp at Park City, Utah,
is coming rapidly to the front, and
everybody is encouraged and expects
big and prosperous season, with
many prosperous years following one
upon another, as high metal prices for
the next several years are anticipated.
Every smelling plant in Utah oper-
ating at capacity has created a de-
mand for fuxing ore that gives the
Dragon Consolidated Mining company
of Tintic district an opportunity of
shipping large quantity of iron. The
supply of iron ore is almost unlimited
at the Dragon.
Utah Apex has just declared a quar-
terly dividend of 20 cents share, the
increased rate calling for the payment
of $4,000, which is less than the pro-
fits for the single month of April.
These are estimated at from $4,000
to $l45,000 compared with $1,000 in
previous months.
In order that the over-thrust con.
tact may be reached as soon as pos.
sible the management of the Cotton
wood Atlantis Mining company, the
property of which is located in the
Little Cottonwood district, has decid
ed to install an airline and machine
drills in the near future.
The Fort Hall property, located
about eight miles southwest of Poca
tello, Idaho, has just completed loading
a car of ore which is to be shipped
to the Utah smelters. This ore, ac
cording to the management, will aver
age 10 per cent copper and about
ounces in silver to the ton.
An excellent showing of high-grade
ore is fitting description, according
to the mine management, of the strike
recently made in the No. north cross
cut Just east of the Cabin claim or
the Tom Moore tunnel level in the
Emma Copper company's ground, 10
Gated in the Little Cottonwood district
The tunnel being driven on the Sill
yer Tungsten Mining company's prop
erty, located in the Cherry Creek dis
trict of Nevada and adjoining the prop
| erty owned by the American Smelling
| & Refining company, has entered tn,
calcite formation and may break int
the orebearing formation at any time
Practical mining men who hav,
made personal examination of tn,
strike in the New Quincy at Park City
Utah, declare that it gives every in
dication of making large and ricl
orebody. They declare that alread
it looks as if there is a considerable
tonnage of firstclass shipping or
right at hand.
Figures just made public by tn
United States geological survey dis
close marked increase. in the use O
petroleum as a locomotive fuel by tn
railroads of the United States in l9l;
The data at hand show that the quar-
tity of oil fuel so consumed last yea
was 36,64S,466 barrels, an increase Q
5,555,200 barrels or Is per cent owe
the similar consumption in 1914.
Silver will go to more than 81 a
ounce and the European nations wi
be in the United States market fo
great quantities Of the white mets
after the war is over as the Unite
States will have the worlds gold SUI
ply cornered and it will be necessar
for the European nations to issue Gu
rency and hold the silver as a reserv,
according to IL. S. Vincent. manage
of the Trogan Mining company
| n 90 he 4