The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1918-08-30
MINES AND MINIA6.

silver King Consolidated d,,,,
:. aaa oi July pushed its Spiro tunne,
u ooS Feet. The tunnel now is aho,,
'11o to 1900 feet. aDou'
calumet < Hecla Copper comnn,
output Tor July was IL. lis. 47e no,,nn''
agaihst 1l.699,212 pounds in lime n
ioa'o44 pounds In July 1917
Federal Mining & Smelling com,anr
'ias declared its regular auarterly az;
| uehd OF Il per cent ON nrsf4,r,,.,
s.oek' dates are September n aud
| October 20. ana
From Philadelphia comes tho r..
i'at turing July the amount of silver
.eEi'iieates outstanding was reducad
rom 1881 .40l. Ill to $3.50. GO4. 1896 ar bv
s-o'9o,i'o. This is the smallest t,,.ur.,
In number OF Years.
shipments of ore from the mines of
nnhlic last week totaled l6i carloads
These are estimated at 5000 tons vain.
Gu at approximately $2T5.OOo. This Is
compared with 1874 cars the preyious
week at lS4 the week before
| vi HfSt-tihsS ore and pro-
luct OF the mills of Park CITY last
week totaled almost 1000 tons. Thas.
are estimated at little more Than
slU,ooo in value. This is comparea
with 2OSo tons the previous week and
| l7S3 hons the week before that.
| Salt Lake brokers are figuring out
That If the proposed new war tax of
| s-oo apiece Is put into operation that
IL may result in the closing of the
local mining exchange II is stated that
flhis VIII bring the total annual nation
al, state and city taxes and fees OF
local brokers up to $3.50.
| The Nevada Consolidated Conner
company reported for the quarter end
I'd June 30 last net earnings of s3.212
III VS.. $4,000 in the preceding quar-
ter. The surplus after dividends. 1852.
p'S, against deficit of 81, 52S,64S i'm
the quarter ending in March. The
earnings equal to S1.O9 share earned
IN three months, or at the annual rate
Of $4.36
| According to the Manufacturer. to
encourage the development of new
mining properties during the war
period instead of maintaining a heavy
handicap on such work, is the object OF
suggestions which have been made to
the American Mining congress by I. O.
McGrath. He proposes that in promised
revision of federal tax provisions it be
provided sthat new mines shall not be
burdened with the taxes imposed upon
producers until the new properties
shall have reached permanent ore de
velopment and output established Their
commercial value.
Chief Consolidated dividends now
total $l,124, 342, according to the sec.
ond quarter report for 1918, just
issued, which places this years diyi
lends at S2s7.372
The production of gold in California
for 1918 probably will be 20 per cent
lnder that of 1917, says Fletcher Ham
EIlton, state minerologist.
Report for the second quarter ended
June 80, 1918, for Utah Copper shows
profits equal to 81 a share. which com
pares Win S2.35 a share for preceding
quarter
Anaconda produced 25.6OO,OOt
pounds of copper in July and 1872 40,
300 pounds in the seven months ther
ending, or seven million pounds NOR,
than in the same period last year.
Mammoth Mining company is nov
employing force of about 80 miners
In addition there are several lessee
working various blocks of ground ant
they have probably ten to twenty mel
more in the old Tintic mine, accordin!
to one of the officials.
Ray consolidated report for the sec
ond quarter of this year shows net o
$2,225,217. or at the rate of 1912
share per annum. The production
amounted to 2l,S63,4l4 pounds of cop
per- compared with 20.522. 55S pound
in the previous quarter.
Utah Copper's second quarterly re
port for 1918 was released last week
1t shows a total of 52,724.053 pound
gross production, with net profit o
Sc 493,375, and a net surplus of 81
432, ISL. compared with deficit o
s25O.56 in the preceding quarter.
From Boston comes word that tn
Minerals Separation company has file
with the supreme court petition for
writ of certiorari in the Butte Su
perior litigation. If granted fedora
court DEGREES in Montana will be re
viewed by the country highest court.
The treasury announced that 1t ha
virtually fixed the maximum price d
silver at $101a per fine ounce an
that export licenses for silver woul
be granted by the federal reserv
board only for essential civil or mill
tary purposes and on condition tina
the maximum price was not exceede
by the purchaser.