The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1916-03-04
MINES AND MINING

The Midwest Tunnel company,
which is driving the Snake creek
work at Park City, has increased the
wages of its men to $3.75 and 1925.
The 0. X. Silver property at Indian
Springs, in Tooele county will be-
come one OF the states greatest sill
yer mines, is the opinion of promi-
nent men who have visited the prop
erty recently.
And row CONES the announcement
tha, here is a strong possibility that
Mahti has al her door one of the
che est uei, power and lighting
| ageLe known, nothing more or less
than n-trl-l SIS.
Assays taken from a massive quartz
ledge struck several days ago in the
COD Queen crosscut south Of the
shaft on the sixty-foot level indicate
that an ore shoot is being entered in
that Fortuna property.
One interesting result which may be
expected to flow from the recent
financing by United States Smelling
VIII be the merger into the parent or
ganlzation OF the Utah company its
coal subsidiary, says the Boston News
Bureau.
What is apparently strike OF con-
siderable importance has been made
in the Albion property, located in the
Little Cottonwood district A full
face of ore has been. encountered in
the crosscut that is being driven to
cut the Greeley fissure.
Another Beaver county proposition
has been listed on the Salt Lake stock
exchange. This time the Galena Min
ing company was called. 1t has L.
100000 assessable shares, or capital
of $4,000. There are 100000 shares
in the treasury and $51S.62 cash.
Shipments of ore from the Tintic
mines the rast week totaled Isl car
.oads This is estimated at 1850
tons, valued at $1S5,000 1t is COM
pared with 123 cars the week before,
an increase of about 1000 tons. This
the heaviest weekly production in
| months.
Three TO five feet of $3.50 ore has
been opened in a new block f ground
in the Silver King Consolidated at
Park City, Utah. The new disclosure
Of high grade is in the limestone
bedding between the 1925 and 1850
Levels. Here drift from a, raise has
followed the ore 200 feet.
| Big extra and increased dividend
payments by various copper com
| panies are looked for within the next
six months, due to extraordinary de-
mand for copper metal at high prices.
Among the important companies
stated for favorable action are Ana
conda, Utah, Kennecott, Chino and
Ray Consolidated.
The Pilot mine, at Butte, owned by
the Pilot Butte company and located
north of the Emily mine, owned by
he Anaconda comrany, and south Of
the Elm Oriu mine, owned by Clark
interests, has been sold to the Ana
condl Copper Mining company on a
basis of $l4 share. This makes the
total price about $1,400,000.
With stringers of high-grade silver
| copper ore increasing in number and
also in width as the tunnel is driven
| forward, the management of the Amer
lean Consolidated Copper Mining COM
pany, the property of which is located
in the Big Cottonwood district, near
Salt Lake, is looking forward to i'm
portant developments with any round
Of shots.
| Mining companies operating in the
northwestern territory tributary to
| Spokane, by March / will have paid
| $1,446,173 for the current year, in
creasing the grand total of the cor.
porations now distributing dividends
to $66 1885, ,430. OF this amount, the
Occur dAlene concerns will have dis
tributed $3.50 ,75o for 1916, making the
total $51,S75,S96.
Among the mineral products of the
state OF Wyoming coal is pre-eminent.
Its coal fields cover about 1880
square miles-two-fifths of the states
area.-and coptained originally an es-
timated 670, 1923 100000 tons. Of this
quantity only 17S,O00,0OO tons, or
about one-fortieth of 1 per cent, has
been exhausted. The production in
1918 was 7,393,O66 tons, valued at SILL
! 510,045.
The United States Smelling, Refin-
ing & Mining company's operations
at Fortuna, Utah, were closed down,
it is said, for an indefinite period. fol-
lowing the visit to the property Of the
district manager. The suspension fol-
lows what is reported persistently
from various sources to be strike of
good quartz body, containing very
substantial values, twenty feet east Of
The shaft on the eighty-fivefoot level.
j For many years gold has been
known to exist in the valley OF Snake
river, particularly in the part of it
That passes through southern Idaho.
AS early as 1862 prospectors are re-