The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-07-04
AROUND THE MINES

Tonopah mines last week sent to
mill 7705 tons of ore valued at $780,
,S5.
Directors of the Inspiration Consoli-
lated Copper company have declared
! quarterly dividend of $3.50 a share.
Work on the property of the Victor
Mining company in the south fork of
he Big Cottonwood canyon will be re-
sumed at once.
Word from Park City is, that the
miners are applying in,goodly numbers
md are being taken back in the mines
and mills as rapidly as possible.
Development work on the property
Of the Capitol Mining company in
Beaver county, Utah, is meeting with
extremely encouraging conditions.
Oil activity on the Red desert south
Of Laden, Wyo., is just beginning and
he prospects for genuine rush to
hat section are patent to oil men.
Battle Mountain, Nevada, is looking
forward to the extensive work that is
to be conducted as soon as stable or
better copper market is guaranteed.
American Smelting's report for the
half-year period ending June 80, 1919,
will show comfortable margin over
the 81 semi.annual dividend require
ments, says the Wall Street Journal.
Ore recently struck in the Before
phon has widened out from to z feet,
and samples Of it give assay returns
up to $40, is the encouraging report
that comes from the American Fork,
Utah, district.
| Stockholders of the Eureka King
voted at a meeting held last week to
consolidate with the Tintic Paymaster
Mines company. BY this action the
Tintic Paymaster takes over the prop.
erty of the Eureka King company.
A good body of ore has been struck
On the Hercules vein at the Honorine
mine, near Tooele, Utah, This strike
was made by L. Harris, who has
lease on the 6O0-foot level, which he is
now opening up and getting ready to
market.
| z. Nanase, an official of the Mitsu-
-tishi company, japanese organiza-
ton, which is interested in practically
every industry in Japan, is visiting the
plants of the Utah Copper company in
order to study the company's business
organization.
Reduction of crude Oil in the month
Of May for California oil fields was
about normal, being 8,716,184 barrels,
or 281, 1877 barrels daily, compared to
B,41O953 barrels produced in April, or
ESQ., barrels daily, indicating an in
crease for May of 8O2 barrels daily.
Plutus stockholders who held tightly
10 their stock during the recent market
fluctuation seemed to have used sa-
gacious forethought, for there are now
Indications that the drift which the
Chief people are now driving will cut
the ore within another thirty or forty
feet.
Shipments of ore from the Black
Metals mines at Jackrabbit, Nevada,
are continuing at the rate of carload
day and the value of the ore Is aver
aging better than was anticipated. 1t
Is now the intention Of the manage
ment to increase this production even
more.
Bar silver is quoted at around Sill
an ounce, and, inasmuch as the Brit
ish government has fixed the value
of the Indian rupe at the American
equivalent of about SLIP on ounce for
silver, it is probable that for the pres
emit the price of the metal will not SO
above SLIP an ounce.
High grade silver ore has been
struck on the property of the Pacific
Mining company, American Fork Can
yon, Utah. A most unusual system Of
cross-fissuring exists in the northern
part of the workings. To this system
can be attributed the ore that has
been taken out, 1t is said.
Copper production may be further
curtailed within fortnight. On July
the wage contract Of the Anaconda
Copper Mining company expires, in
volving a large number Of men.
Trouble is possible. It is expected
other copper companies will be affected
| by whatever occurs in Butte on that
day.
The Anaconda Copper company re-
port gave dimensions of the developed
ore body in its Walker Mining proper.
ties in California as $40 feet in depth,
300 feet in length and sixteen feet in
width. Allowing ten cubic feet to the
ton, this would show 442,880 tons of
ore of an estimated value Of per