The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-01-31
AROUND THE MINES

gin Dome Oil company, with general
OFFICES In St George, Utah, and holding
under lease $50 acres of patented land
In the vicinity Of that city, has begun.
Houston Oil company announces
that by decision of the supreme
court Of Texas the suit of about ST.
100000 and approximately $4,000 acres
OF land has been decided in its favor,
confirming the decision of the lower
courts.
With only one or two exceptions the
mines Of this country began their cur
tailment program December last. The
production. of shelters copper aggre-
gated 143, S23,S11 pounds, a decline OF
about 100000 pounds from the pre-
vious month.
The syndicate that is drilling on sec.
ton 16, Teapot dome, in West Salt
Greek field Of Wyoming, has brought
In good commercial well at depth of
2743 feet. This we'll proves new field
for Wyoming, or the continuance Of
the famous Salt Creek pool.
Under its policy Of curtailment, In
SEPARATION Consolidated will probably
turn out about 100000 pounds of the
metal monthly, says the Boston News
Bureau. Running at full blast, it
could produce between 100000 and
100000 pounds Of copper a month.
Further entrance Of Salt Lake and
Utah capital and talent into one Of the
big producing oil sections of Texas
was made known last week, when John
#. Cowan, G. e. Wharton and their
associates tied up under lease a tract
OF twenty acres In the Burk Burnett
field. Il
From Denver comes word that tele-
grams received at the office there Of
A. e. Humphreys, president Of the
Consolidated Copper Mines company,
report the discovery on the thirteenth
level of the Alpha mine of body Of
ore which assays IL per cent copper,
the highest vet found in the company's
property.
Directors of the Greene Cananea
have declared dividend of $1.50 a
share. It was stated after the meet
Ing Of the directors that the dividend
reduction was caused by the uncer-
tainty Of conditions throughout the
copper industry, and the desire of the
management to conserve the COM
pany's resources.
Advices from Kingman, Ariz., say
that what is claimed to be an excel
lent vein Of quicksilver has been dis
covered In the mountains to the north
Of Phoenix. The vein is small, but
the ore is rich. Specimens exhibited
from the property is said to run about
40 per cent quicksilver and the vein
shows evidence Of permanency.
According to word received at the
Salt Lake offices of the Sunset Min
ing & Milling company, operating out
Of Lead0re, Idaho, the company's new
concentrating mill, which has been in
regular operation since January ID, is
giving excellent satisfaction and effect
ing a high degree Of saving in the
transformation Of the ore into concen-
trates.
The second legal step to prevent the
enforced payment of the state oc-
cupation tax was taken last week when
attorneys representing twenty-four
mines operating In Utah filed brief
with the clerk of the. United States
district court. The suit, which is the
outcome of tax recently levied upon
the mining companies, involves nearly
$1,OOO,0OO In taxes alleged to be due
the state.
The management of the North STAN
dard, East Tintic, Utah, announced
last week that the new gasoline hoist
had been fully installed and was In
successful operation and that an Inger-
soll-Rand compressor Of modern type
had been purchased and would be de-
livered at the property soon. A car
load Of lumber and mine timbers has
been purchased and is now on its way
to the mine.
From Cobalt comes word that more
than $25,000,OO0 in silver and gold was
produced last year. Such is the enor-
nous output of the precious metal |
mines during 1918 In this part Of
Northern. Ontario, including Cobalt |
and Gowganda in the silver districts,
and Porcupine and Kirkland Lake in
the gold districts.
Nearly 100000 barrels a day have
been added to the available oil pro.
duction Of the Gulf coast fields of
Mexico during the last six weeks. This
enormOus output, which could be
turned into commercial channels at
almost a moments notice If transpor.
tation facilities were ready to handle
1t, all comes from six wells.
capitalization of 294 California oil
as of December 81, 1917.
was $780,, 314 ,595, and in year 1917 they
paid 1873 per cent in. dividends. The
small producing companies without re-
lining or marketing facilities were cap
talized at 1923, 433,OO8 and paid SO