The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1918-03-29
MINES AND MINING

AtldA 10
The annual report az the California
Petroleum company and subsidiaries
for 1917 shows surplus of Sl.21S.496
after all charges, against Sg9dl74 in
1916.
The present output Of shaIe is ap-
Proximately 100000 tons annually,
valued atsSI5oO0.oOO. Ia various parts
e the industry 1850 men are en-
ployed
For the first time ia many months
Judge Mining & Smelling of Park City
hast week included among its- ship
ments consignment of spelter, which
almost made up for the decrease in its
ore shipments.
Plans for an educational publicity
campaign on the oil aud oil shale in
dustry were tentatively outlined. at "a
meeting ut Salt Lake last week of the
oil section of the Utah chapter of the
American Mining congress.
Announcement was made by the
auditing department of the Nevada
Douglas Consolidated Copper company
that 1880 tons Of ore, averaging 81
per cent copper, was shipped TO the
Thompson smelter during the week of
March to g.
Without any apparent reason, other
than bad roads in the cases of few
of the properties, the ore shipments
from the Tintic district for the first
week show reduction of approximate
ly % per cent, as compared with the
output of the previous week.
The steadily increasing demand for
practically all kinds of metals at ad-
vanced prices not only has stimulated
activity among the prospectors, but
has encouraged the reopening and de
yelopment of many of the big mines
abandoned IA few years ago because Of
i meager returns at the then prevailing
metal prices
Harry J. Became and c. f. Hush, who
recently took lease on the manganese
deposits of the Chief Consolidated Min
ing company, located at Homansville,
| Utah, have commenced work there.
Only small force will be used and the
ore will be mined without the aid of
machine drills, in an effort TO get out
the best possible grade ofsore.
Corporations associated with the oil
industry have been chartered BY the
state of Wyoming during the present
year at the rate of almost one day,
60 such concerns having been char.
tered during the first % days of the
| yaor VhpSa cnpnopu YfouS ranPaSppt an
aggregate capital stock, par value, OF
$50, 100, 500, the average capitalization
being 100000.
Encouraging reports continue &c
come from the Alta district on the
progress of the work at the Alta Con
soldated Word was received at tbs
Salt Lake offices of the company re
Gently that three feet Of the highes
grade lead-silver-copper ore yet en-
countered had been disclosed in the
bottom of the Wine from the Copper
Prince tunnel level.
An oil boom of considerable magni
tude is now in evidence in the vicinity
of Arco, Idaho, the county seat Of the
newly created county of Butte. Sew
eral oil companies have been organ
lied, and with the advent of Utai
oil company, which promises TO carry
on operations on an extensive scale
the excitement has spread to the whole
Lost River country. More than l5,OO'
acres are already under lease.
Despite current unfavorable reports
regarding the West Salt Greek field, i
has been learned that mHy of the
companies operating in that field IN
tend 10 complete wells on which the!
have started, while many of the com
panies holding leases in that vicinit!
have refused TO release them. and arr
complying with the terms of their con
tracts pending the development of tn
country by the wells which are being
drilled, says the Casper tWyo) Press
Previous to the war copper retiner!
capacity of the United States was esti
mated nj 1.TTS. 600 900 pounds annually
Since then additional plant and equip
ment facilities have been creute'
which should enable these plants u
produce each year combined oufpu
Of refined copper estimated nj 2,7so,
900, 600 pounds. Mines will therefor
have 10 get out a much larger Tonnage
of ore than heretofore II the new re
finery capacity Is to he fully engaged
That Utah and Colorado have th'
richest oil shale deposits In the world
that shale must be regarded as tn
great oil reserve In the future: tina
the conditions for mining the shale ar
more favorable in Utah and COLORADO
than In Scotland that the Shale in
dustry has proved profitable in Scot