The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-05-13
THE MINES

Directors of the American Smelling
X Refining company in New York de-
rlared the usual quarterly dividend Of
l per cent on common stock and IN
per cent ON preferred.
The weather continues most favor
able up at Alta, and. a larger tonnage
Of ore is expected to be shipped out
Of the Old camp this season than prob
ably ever before in its history.
On the Iron King property, East
Tintic, a rise to the surface is being
made and within sixty days it is ex-
pected that shipments of iron flux ore
will be made to the smelters. A shaft
is also being sunk 1850 feet in depth.
A pioneer of the Willow Greek dis
'trict was an Ely. Nevada, visitor last
week, and states that there is now
considerable work being done III that
section, and that the district is receiv.
ing visits from mining men from var
tous sections.
1t is reported that some OF the big
smelling concerns of the west are be-
ginning to put out feelers for more
ore, and that the matter of again look
ing up meritorious properties, with a
view to purchases, is contemplated for
the near future.
Mason Valley Mines company has is
sued it's annual report for the year
ending December 81, 1915 showing
surplus after charges and taxes Of
S17S,202, equal to S5 cents share (par
value $5), earned on the 100000 shares
of capital stock.
The Tinlc Coalition is anticipating
busy season. Work is now being
pushed in the south drift to pick up
a fissure which some years ago pro-
duced good shipping ore from near the
surface. The Coalition is located in
the south end of the Tintic district.
The state board of equalization has
about completed its work of assessing
the metalliferous mines of Utah, and
also of the public utilities coming I'M
der its control The work is now large
ly with clerks, who are tabulating the
results and sending out notices to
those Interested.
According to the Reno Gazette, the
consolidation of the mines in the Ro-
chester district, including the Roches-
ter Mines company, the Rochester
Elda Eina Mines company, the Mcneil
Crown Point Mines company, and the
Rochester Merger Mines company, is
being perfected.
Driving Of crosscut to the vein on
the fifth level of the Tonopah Divide
has not yet been started, the delay
being caused by the erection Of new
electric machinery. The fourth level
crosscut is being continued in good
ore, with which material being found
in quantity at numerous places.
Optimists who prophesied with the
removal of the embargo and the stand
ardization of price on silver that the
white metal would rise in value and
as a result, Utah, the second greatest
silver producing state in the Union,
would enter period of great mining
activity, may see their hopes realized.
The high price of silver has brought
new life to the old time Cherry Creek
Nevada, district, which for many
years was one of the principal pro-
ducers of the white metal in the east
arn portion of White Pine county.
There are considerable number OF
old mines in that section which doubt
less can now operate at profit.
According to the Goldfield News a
station Is being cut on the 4OO-foot
level of the rich Simon lead mine, sit
uated in the Bell district, east of Nina,
and a crOsscut will soon be started to
open the vein at this depth. The 81
mon is generally considered one of
the truly great mines of the state and
a huge tonnage of ore has been blocked
out.
According to Geographic word from
Valdez, Alaska, new gold strike on
the Yukon river which is attracting
attention is reported by
former United States Commissioner A.
M. KilgOre, who arrived at Seward
last week from the scene. Judge Kill
gore says he does not wish to start
any general stampede to the scene, but
believes the camp will make good.
The Big Hill Mining company has
called a meeting of the stockholders
at Provo, Utah, for June 2 for the
purpose of electing board of direc-
tors and voting on the proposal to
amend the articles of.incorporation in
creasing the capital stock of the cor
poration to 100000.
. All surface miners Of British Column
bia are now working on the basis OF
an eight-hour day prescribed by stat
ute. While many properties worked
the surface men eight hours in the
past it was largely matter of local
adjustment with the attendant labor
dispute and frictions.
Two quarterly dividends of $15O,OOO
each have been declared by the Hecla
Mining company operating the famous