The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1918-12-31
AROUND THE MINES

| ~uiihS ANoNciHDcI Tic AdSOu Ndlley
Mines company produced 1913 400
pounds of copper.
Directors of Jim Butler, TonOpah.
have omitted dividend due in Febru-
airy. Last June the dividend was cut
from 10 per cent to Z per cent.
| 1t is stated that the New York as
say office is now selling platinum at
sos an ounce, the same price at which
| it was buying the metal until the ces-
sation Of hostilities.
Now French interests are organizing
metal Combination, probably with
view to better handling the immense
|importations which are anticipated for
the vast reconstruction program now
at hand.
A cable from London says that the
Mexican Eagle Oil company has de-
clared dividend of Is per cent, max
ing rs per cent for the year. This
compares with a total Of 20 per cent
for the year preceding. 4,-
Returning from several days spent
at Alta, General Manager George H.
Watson Of the South Hecla Mining
company reported the mine in splen-
did physical condition with a large
tonnage Of ore broken and in sight.
Directors of the Anaconda Copper
company have declared quarterly
dividend of ~ pei. cent ($1.50). This
was a cut from the previous declara-
ton and the effect was noted in lower
quotations for the stock, which broke
through $61 share.
Announcement from New York on
December % that lead had been cut IS
cents hundred pounds was the third
shock the mining men of the west
have had to take within two weeks.
The two Shocks" represent $1.55 loss
on every 100 pounds.
Operations at the Pittsburgh-Idaho
mine at Gilmore, Idaho, are moving
along fairly well. In fact, things are
beginning to liven up somewhat in the
old camp. The Pr has been heavy
shipper of lead-silver ore to Utah
smelters in the past half dozen years.
1t is possible that the Cardiff and
Columbus-Rexall will be connected in
the near future in order to furnish
both mines with excellent ventilation.
This will be connecting the nOrtherly
workings Of the Columbus-Rexall with
khn nav oh IN, TIM cnvpfh NJ 10 r.
diff.
Miners down from the Woodlawn
Mining company's property in Honey.
comb gulch of Big Cottonwood
brought samples Of good looking ore
from the face Of the main tunnel. TINS |
is now in about 1240 feet The report
is that the ore streak has widened out |
to 8 or 10 inches.
From London cable was recently |
received which states that the British
government control of leading metals |
has been withdrawn. Government
stocks Of copper are 1880 long tons;
lead, 49,111 tons; ordinary spelter,
1898 tons; refined spelter, $6544
tons; aluminium, 1925 tons.
Wilbert Mining company operations
near Arco, Ida, have been closed down
was statement made
last week by General Manager Ross.
There will probably be nothing doing
Until after the labor situation has
)esn adjusted" declared the manager,
or until it clears up somewhat"
The outlook for copper would seem
to be less bright than that for steel,
although there can be little doubt that
hose in the former trade have been.
bit worried. No one can know what
he visible supply Of the red metal may
,e. That there has been and still Is
IN over-production cannot be gain
aid.
John D. Ryan of Anaconda Copper
.ecently said that the production Of
American smelters and refineries was,
,efore the war, fully 70 per cent of
hat Of the whole world. 1t is be-
ieved now to be IS per cent. About
10 per cent Of the pre-war production
vas exported. 1t is expected that that
will continue to hold good.
From Washington comes word that
he issuance of an executive order is
expected within short time, turning
ver action on the war minerals bill
o the department of the interior.
here is small possibility Of much be-
ng done in connection with it's pro-
isions for the stimulation Of further
omestic production Of minerals, ex-
ept in potash.