The Garland City globe. (Garland, Utah) 191?-1925, 1918-12-28
MINES AND MINING

| '"uou Ut F-lbsVONs
Shipments of first-class crude ore
and the products OF the mills of Park
City last week aggregated zoos tons.
This Is estimated at 100000.
CRANKY Consolidated Mining, Smelt.
ing & Power company produced in No
vember 2,147, 4O5 pounds of copper com
pared with 2,5I0.474 in October and
1871 ,535 in September.
The state of Arizona alone is yield.
Ing 68,000000 pounds of copper Il
month. Utah Is putting out at the rate
Of more than 20,000000 pounds month
or 245000,000 pounds per annum.
From September to December /, in
elusive. the price OF lead {. o. b. New
York, had been SS05 per hundred
weight and S7.75 (. o. b. st. Louis. ON
December 2 the price went down 81
per hundredweight In both those cities.
Report that Chile may flood this
country with cheap copper rather loses
Its weight when It is considered that
the premier Chilean producer. the Chile
Copper, is today yielding but 5,0OOOOO
to 100000 pounds of copper month.
According TO the November edition
Of the Engineering and Mining Journal
the dividends for that month paid by
the principal metallurglcal companies
amount TO S9,30l ,339, as compared with
S0,697 493 for the corresponding month
OF last year.
Zinc quotations for the week ending
December is, rs reported TO the Utah
Ore Sampllng company by the En-
cheering and Mining Journal, show
that the settling price for the week
averaged $3.50, with quotation OF
$40 at the close.
Business on the Salt Lake mining exc
change the past week totaled IG2, 6S2
shares sold, valued nj SSi 222.5S. This
Is compared with $4,000 the previous
week This makes two consecutive
weeks of the heaviest trading that has
been done In Salt Lake In many
months.
Word from Idaho is that the Sunset
Mining compnny's new mill Is expected
10 be ready 10 be given Its warming
up run soon after the first of the year.
However, II Is not expected to be in OPP
Grafton until probably month later.
The first unit will be small, probably
fifty tons.
An effort will be made To stabilize
metals, Is the report from the east.
II is stated that the government will
cooperate with copper, lead and zinc
producers In an effort to stabilize
prices Of these products, according to
a representative OF n copper producing
company.
Utah officials OF the Wyomlng-Ln
Barge & Dry Pine OIL company have
just closed deal by which they have
acquired 0Go additional acres TO their
already large holdings In these two
western Wyoming fields which have
been attracting considerable attention
the past year.
From Butte comes word that the
$4,000 ferro-manganese plant erected
ut Great Falls, Mont, by Anaconda
Copper company, at the request OF the
government, 10 furnish war material
which was recently closed down Is not
going 10 remain idle II plans OF the
company are carried out.
Removal OF the restrictions on lead
producers, effective December 81, who
are now free 10 quote prices indlvld.
ually, was announced 10 the trade by
the lead producers committee for war
service, which was formed some
months ago at the request of the chair
man OF the war Industries board.
According To late advices, the Glen
rock OH company has completed nm oil
well with a flow of $50 barrels day
In the Pilot Butte field In Wyoming.
This company now has more than forty
producing wells and seventeen drilling
In Wyoming. where IL operates IA the
several fields through subsidiary COM
panles.
The Liberty Potash company with an
authorized capitalization OF $ll,000,000,
Is being formed for the purpose Of pro-
iucing potash from mineral deposits In
the leucite hills of Wyoming, where
mineral known as wyominglte occurs In
immense quantities at Superior, near
Green River, Wyo. Utah and Wyoming
men are behind the project.
From Washington comes word that
he fuel administration has announced
that In line with the general policy OF
the government of lifting all restric.
lions as rapidly as conditions would
II has asked the oil industry
to suspend its voluntary plan to stabll-
lie prices and obtain uninterrupted
flow of crude oil which was recently
extended for period OF three months.
over the period of the war the total
stock of gold money In the world in
creased about $3.50. 100000. But in
hat period the stock of gold in the
'tate banks and treasures of the world
increased approximately $3,125,O0OOO0.
n nearly twice as much. The differ
nee Is the result of that striking phe-
lomenon of the war, namely, the with
travail of gold from circulation and
is concentration under the control OF
government institutions.
Application has been made to the
tate engineer by the Bull Valley Gold
lines company of Salt Lake for the
Use of five second-feet of water from
snrInp I'm Washington countV Utah