The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1917-08-24
AROUND THE MINES


Ray 'onsoli'lated's report for June
shows profits at the rate Of more than
- per SHARE although the cost OF min,
ing Is slightly increased.
For the half year the Utah Copper's
Net surplus is over SiT.0O010. and
while this sum Is a huge one. il shows
a reduction GA account of larger divi.
dendS being paid.
Predictions made some two months
ago THAI silver stood a good chance ~
touching the 81 marx before the tirst
of the new year are day by DAY be-
coming more tenahie.
Again there Is talk ~ searchiis for
oil pools Ia the Spanish Fork canyon.
| ia the ueiEhnorhood az whlra have
been found large deposits of residue
from The evaporation of probable oil.
During the month OF July the Rico
( Argentine Mining shipped twenty cHr-
loads Of ore from company operations
/ ia the new workings, and the prellm.
mary figures show that the lessee on
lhe old upper workings edualed that
amount.
The general manager uf tie Cailfnr-
Mat omstuck Of Park city reports con.
| ditlanS AT the mine much improved.
Teams are now hauling the twelfth
car since the property was placed on
shipping basis GA the roth Of last
month
The cost Of producing copper has
been advancing steadily la the past
1 two years, says the Boston News Bu.
| reau. Two years ago the average cast
was about 10 cents a pound Today
costs are believed to Zee between rs
aud 20 cents pound
Discovery Of platinum In Alaska by
Dr. herschcl q. ,'arker IT New York
and others has aroused government
| agencies Ia the greatest activity in
the hope Of finding suffiticnt quaint.
! ties ct precious metal to meet the
| war needs uf the allies,
Settlement has bccu made on the
nineteenth Or Of ore FROM the Calu.
met mine Ia The Calumet district. Iron
county. Utah The lot consisted OF
forty five tons, dry weight aud Melted
the company ~ the Smrltcr Sl4lG The
ore ran 225 per cent dead and "a
ounces silver.
shipments Of ore Will soon COM
nenco from the Silver King Mining
company of Shasta county California.
4 force uf 0rn has been put 10 work
on the exposed ore bodies on the 10
foot level, The ore Is expected 10
break about 80 ounces silver TO the
ton
II Is expected that the tvadn Cop
per company viii resume shipments
! In tho next three or -FOUR weeks
A few days ago portion of the
trHmWay and some OF the buildings
were consumed hy fire Machinery to
replace the tramwuy machinery de-
srroy"d H. expected 90 arrive shortly.
rrolmiuar. uork Is progressing on
the Utah Pan properly through the
big Ontario drain tunnel al Park City
but, As one 81 the promoters said. the
company has not commenced go even
roll up its sleeves ns yet but Is mere
~ HFaiGhlvhlhE "r"und io push de-
Neiop"rils on an Immense nraie'
War uses Of platinum include the
making Of Snlphnric acids aud the
completion of contact points Of Tia"
Ignition system OF airpinnrS' nntomo-
hiies aud icIcph"n" and telegraph IN
sirumcI's. Substitutes have been
found Tor " To- masking 81 Nulpbuflc
acids. hut 10 rs almost indispensable
for other uses
Again silver has madc another die
tiuel rise. advancing on August II ."
ga CENTS an ounce. This is thr high.
rst point ii Inns reached iu about FOR
N Years, or ~inre thr spectacular fail
from the 81 and 81 ~ au ounce in thr
GOOD old times. when rhc great silver
camps Of the west ucrc uil hiy" Of
industry.
The INg -Four mill ~ PART Cty
CLOSED down rather suddenly and nm.
rEpectedly iH~t we'E throwing eighty
~ men '"' cyl '.lhl''''' ''''.'''. : ~
'' '''' NI''' 90" IT, u '' r'l''' '''i. 80 "''