The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1916-09-01


Inc new power drills enable the Big
cottonwood Consolidated tunnel IN
progress at the rate of eight foot q
day with two shifts working. AS com.
pared with eight inches a day when
the work was by hand.
II is reported from McGni, New thar
the plant of the Nevada Consolidated
Is being repaired with view to in.
creaslng both its efficiency and its ca
pacity. During Juy the mill treated
on an average of $1,000 tons daily.
word from the Arrowhead property
IN western Iron county, Utah. is that
thlrty-hVe tons of ore is out and ready
FOR shipment. Half of it samples up
10 Az per cent lead and the other
half 20 per cent lead. The ore carries
| little silver
according to Boston authority. the
technical position of the copper metal
could not well be stronger. In any
other line of industry SO small a sur.
plus OF material in the hands of pro-
ducers as now exists would cause
alarming anXieties.
With the dividend checks for the
extra dividend of 10 cents a share,
paid on August 10, the general man
ager of the Yellow Pine Mining com
pany at Good Springs, New, says
that during June the company made
a net profit Of S51, 430
1t is understood that during the
past month the Wilbert Mining COM
panys mill was operated only fifteen
days, due to the shortage of ore. This
Idaho property has paid out three or
four cent dividends in the past year
or so, or about $4,000.
Five carloads of test ore are report.
ed out from the Walker Mining COM
pany's property in Plumas county,
Cal, all forwarded to the Interna-
tional smelter at ToOele. The new
mill is now operating and is expect
ed to handle all this ore.
The larger producers of copper have
compiled figures showing that on Au-
gust l there was only 100000
pounds of deliverable copper in hands
of retiners, or less than a weeks sup
ply at the current rate of refinery out
put-170, 100000 pounds a month.
1t is announced that the manager
Of the Pittsburg-I Idaho has been east
having the stock listed on both the
New York and Boston curbs. He is
expected home soon, and it is under
stood that a dividend may be expected
shortly. 1t is said that the company
has more than 100000 cash on hand.
Three properties are now active in
one section of north Tintic, the Lehi-
Tintic, Tintic Delmar and the Eu-
reka King. This is a little north of
where the Chief Consolidated has be-
gun a systematic development OF its
large new possessions running well
up and surrounding SOME OF the
named properties.
Between forty-tive and fifty feet
per day is the rate at which the dia-
mond drilling is being done jointly by
the Emma Copper Mining company
and the Old Emma Leasing company
on the properties in the Little Cot
tonwood district in search of the ore
bodies lost when the Montezuma fault
was encountered.
Based on the preliminary periods
from the mines Of Utah for the first
six months of the year, the total out
put for 1916 will break all former rec
ords. There will be decided in
crease in the production OF silver
lead, upper and zinc. Ii is not be-
lieved that the production OF gold
will be increased to any great extent
An eastern statistician has figured
it out that the fundamental reason
why silver must advance is because
Europe is toby on a paper BASIS
Germany has commanded the gold
from the peoples pockets to the
banks vaults; Russia has done prac-
tically the same, France has request
ed it and England has relied upon
patriotism to accomplish lis purpose.
Word received from the Fortuna
Gold Queen is that the shaft work mas
attained the I25-foot level. 1t VIII be
carried down to the 200 level before
cross cutting for the vein. The smart
started down on a large vein where
the values were "spOtty.
Aprirs high record OF +o"ooV.v0o
pounds of copper sold bids fair to be
eclipsed in August, according TO al
ices from New York and Boston
where it is predicted that the August
figures will be nearer ''o"''0V0