The Garland City globe. (Garland, Utah) 191?-1925, 1918-09-19
MINES AND MINING


was 2,S3O,2O7 pounds, compared with
2,167,077 In July and 3,S3O,6zi In
June.
Utah Copper has distributed In divi-
dends per share since the initial pay
ment OF 81 was made ten years ago
a total of $5825.
Shipments of ore from the mines of
Tintlc last week totalled 154 car
loads. These are estimated at 1900
tons and valued at $250O00.
The Federal OIL company has de-
clnred its regular quarterly dividend
of per cent, payable October 10 to
sock of record September 20.
The United Verde Extension Min
Ing company declared the regular
quarterly dividend of 80 cents per
share and an extra disbursement OF
20 cents share.
Plans for developing the domestic
potash indusd, are b, ing considered
by the war Industries board, IL be-
came known Monday, and some an
nouncement IL expected shortly.
In spite of the difficulty In procur-
Ing miners. activities In the Ameri-
can Fork. Utah, district continue nm
nbated at number OF the properties.
many Of which have been developing
all summer.
Controlling directors OF the Utah
Consolidated Mining company ut Bos-
ton declared u quarterly dividend OF
- cents share. This will bring the
1913 dividend distributions up to.
Sl.25 n share. or $4,000.
Directors OF the Judge Mining 4
Smelling company, operating In the
Park City district. have announced
the regular quarterly dividend Of 121h
cents per share upon the ISo,OOO
shares OF the Issued stock.
II Is figured by some of the Utah
mine managers that this "work or
fight" spirit now spreading over the
land and the new draft may result In
quite an inflow OF men TO the mines.
where the labor shortage has slowly
become n serious factor.
The federal reserve board has de-
cided to regulate more closely the
outflow OF silver by preventing I'M
necessary shipments for export.
Heavy inrouds In the country's silver
stocks have been made as n resnlt OF
the more liberal policy heretofore
shown by the board with respect 10
exports.
"with the strlnglnG of the cable
and the hooking on OF the buckets our
new tramway will he ready for oper-
alton In few days." was a state
ment made last week by A. q. jacob
son. general manager Of the Sells
Mining company. who II spending
most OF his time ut the Alta mine
these days.
Production and shipment Of first
class ore and product Of the mills Of
the Park City district last week
amounted to total OF 20S3 tons.
than $4,000. This weekly output OF
tive old camp Is compared with the
pretivhJ week OF 1889 tons and 1880
the week before that.
Preston q. Peterson. secretary and
assistant general manager OF the Big
Indian Copper company, ls back In
Provo from the mine and mill In san
Juan county. Mr.. Peterson II highly
pleased with the mill. which has now
been thoroughly tested on several big
runs OF 100 hours each. with from 30
TO 80 tons day.
The Boston News Br;enu says
ave compare smelter production OF
copper of the Arizona Copper coM-
pany for August lin pounds) with
previous months as follows: Janu-
airy, 100000; February. 100000;
March. i,000,000; April, 100000;
May. 100000; June. 8,7O0.OO0; July.
4,OOO,Oo0; August, 100000.
Suggested REIMBURSEMENT OF the
gold standard" by what amounts to
q subsidy for gold mining. while II
would benefit the gold miner and
production, would not help
the present worldwide problem of
high neices. says writer In the Bos-
ton News Bureau. II would only ag-
the difficulty.
Directors of Inspiration Copper
are due to meet for dlvi-
dend action this month. In view OF
the fact that the company continued
the present rate of $500 per share per
annum all during the strike of last
summer and fall, to say nothing of
during the operating hardshlps of the
first three months of this year no
In the rate Is expected.
Dividends dlsbursed In August, |
1918, by 81 United States mining and
companies making pub |
lie reports amounted 10 $10,32O, 100. |
with Sl3.456,756 distributed |
by 81 companies In August, 1917, says
the Engineering and Mining journal. |
Canadian, Mexican and South Amerl. |
can companies paid S29S9,637. as !
with Si,77l,O51 year ago.
Suspension Of dividends by d.rec.
tors Of Yukon Gold Mining company
was held to he absolutely necessary |
10 conserve cash resources, says the ,
Boston News Bureau.
The Big Indian mill In San Juan
county. Utah, built by Colonel c. Il.