The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1918-01-04
AROUND THE MINES

OIeeh Mining company, near McGfIl,
nevada We're announced last week.
a report of the principal producers
81 copper in the state of Arizona In
l9I' shows II total of 5j2. 4Ol OOO
pounds OF copper produced in the first
nine months.
Ore shipments from the TintIc
standard could easily he doubled if
cars We're provided and no smelter re-
StrictionS We're enforced, according to
the manager.
1fude oil held in storage by the
ffalr'e Oil & Gas company is esti-
mated To be worth from S75.OOOOOO to
SS9WO.0o0, or four or five times it's
capital stock issue.
The new tariff of the Nevada Cen
trIl establishes charge of 81 - a
Ton on $40 ore, S2.2j on $50 ore. S1.75
on 80 ore, $50 on $50 ore. 81 - on
SO ore and l on ore of so or under.
Recently the discovery of native
copper was made in the Montana
Blhgham's jOOO-foot tunnel and now
comes authenticated proof that SINH
Iar ore has been opened in the add
joining Bingham Anal gamated
While the price received for copper
thls year may not equal the 25-cent
average of 1916, aggregate dividends
paid by copper mining companies in
1917 will total $179OOO.OOO COMPARED
with Sl57, 100000 disbursed last wear.
Announcement was made last week
by President Angus Mcclellan that the
Arco Mining K Milling company, oper-
ating near Arco, Idaho. had acquired
four additional claims, making the
company's holdings total eight full
claims.
What is believed To be an important
strike in the Red Bell property in Lit
tie Cottonwood was reported last
week. The ore was encountered some
time ago, but further development was
mndered by water and the discovery
was kept quiet until the mine was I'M
watered.
Another company to operate in the
western Wyoming oil fields was
launched last week when articles of
incorporation were filed with the sec
rotary of state by the Wyoming Pref
erential Oil company, headed by Salt
Lake men, and, it is understood backed
by eastern capital.
In 1916 the production of the Kenne-
colts Alaska mines amounted to 1OS.-
312,1S3 pounds of copper, and the net
profit amounted to $27.G61,7l3. or
1892 per share, including railway and
steamship profits and dividends on
4O4,504 shares of Utah Copper stock
held in the cOmpany's treasury.
Gas in the Curtis Petroleum-New
York Oil well at Iron creek gauges
over 100000 feet of gas a day, with
a depth into the sand of only eight
feet When hurnessed down TO
small escapment ii can be heard over
five miles, says the Casper Press. 1t
is being deepened little and care
fully.
Present coal shortage in United
States is due to causes other than lack
of mine output as indicated by COM
Dilation of National City Bank of New
! ork, which estimates total output of
1917 as greater than any earlier year
and shows the United States actual
" produces nearly A. per cent of the
coal of the world.
According to word from Colorado, !
new activities may soon be under way |
II the great sandstone carnotite dis |
riots near the Utah state line in the |
Paradox valley. The story SAYS that |
he actual work of mining carnOtite .
'reS. which was started in 1914 in CO. |
operation with the National Radium
institute, is to be resumed.
Word from Park City is that the
Three Kings shaft is now down to
he 65O-foot level, and fair progress
: being made in the work OF sink
NJ to the 800 level. The bottom of
he shaft is still in the blue-gray lime
tones. The objective of this work is
he llme-quartZite contact. At the 700
aVel a croSScut will be sent out for
he contact.
Several Salt Lake mining men were
own inspecting the Union Chief in
he Santaquin district n few days ago.
nd they report the deep work I'M
>ually encouraging The winze from
ne lower level is down 400 feet. From
his drift was sent out - Ia 50
aet to the southwest along the fis-
lre. Here considerable Iead-silycr
re was encountered.
The reduction in the kenuecott divi-
end from So to 81 annual basis
anne as no surprise. for while it is
Npected that the 1917 earnings VIII
mount TO between IS and 50 per (
lare. the existence of some s. $40 uOO
notes maturing Serially To April. I
40 .rE -, ,,-.....