The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-01-10
AROUND THE MINES

70 about $867 900 In 1918.
1t is understood that the teaching
plant ut Magma will be entirely closed
BY January 10. action that Will result
In the release of more than 100 men.
Business on the Salt Lake mining
exchange the past year tOtaled 11,Oo9,.
1897 shares sold. valued at $2,174. AS
The total for December was 1,431 ,143
shares valued at $319 O96.46.
The mine output of silver In Idaho
decreased from 12,O29,33S ounces in
1917 to about $685., 900 ounces in 1918,
an unusual decline of nearly 20 per
cent, and the value decreased from
1892, IT'S to about $9,286,OO0.
The value of the gold, silver, copper
and lead mined in Washington in 1918.
was about $1.654,OOO. a decrease Of
$635,OO0. There were slight increases
in both silver and copper, but decided
decrease in gold, lead and zinc.
Directors of the Iowa Copper Min
ing company of Park City sent re-
port to the stockholders covering the
period from October 81, 1917, to Octo-
Der q, 1918. 1t showed 7z6,42S pounds
of ore extracted valued at $574O.25.
Tonopah's total production now fig
ures $119,672,594, as near as can be
figured, and at the same time these
figures are conservative and not far
fetched in the least. The amount paid
in dividends is close to $32,OOO,OOO.
mnile only eighteen Utah mines are
to be found in the dividend paying col
umn for the year 1918, they distributed
to their stockholders the sum OF $751;
221,53O. This is decrease of about
$1OUUO,OO0 when compared with the
1917 record.
No little surprise was expressed over
action of the Inspiration Consolidated
Copper company directors in continu-
ing the usual quarterly dividend of w
per share, starting the new year at the
same rate as 1917 and 1915, namely:
So per aEnum.
The mine output of recoverable zinc
in Idaho decreased from 70,S54,l36
pounds in 1917 to approximately Az
100000 pounds in 1918. This decrease
of over 32,OOO,O0O pounds was due
largely to increased expenses and the
lower price of spelter.'
Return of normal conditions and
falling of prices are expected to stimu'
late gold production in the United
States this year. according to views Of
members of the treasury's committee,
appointed to suggest a remedy for the
falling production of the last year.
Value of the gold, silver, copper,
lead and zinc mined In Idaho in 1913,
according to the estimate Of G. N.
Gerry of the United States geological
survey, department of the interior, was
about $50, 10000. decided decrease
of SIG, 100000 from the value in 1917.
Advices from Boston says that cop
per mining companies are receiving
notice from selling agents that they
can draw against copper only on the
basis of Is cents per pound. This
means that only about II cents Will
be advanced against copper shipments.
The mine output Of lead, which IL
the most abundant metal in Idaho, de-
creased from 1913. 559,521 pounds in
1917 to about 3O0,274,OOO pounds in
1918. The average price was some
what lower, and the value of the out
put decreased from $33, 6,119 to $22,-
100000.
From Valdez, Alaska, comes word
that among the seventeen or eighteen
persons who went outside this year
from the Iditarod and Flat districts
few are better known than Cecil Bar
row. He carries big $3.50 gold mug
get with him as reminder of his ex'
periences.
The Naildriver at Park City Is not
getting much publicity these days, but
It is raising ore every day and, accord
ing to Manager Fisher, the physical
condition Of the property was never
better and the indications are that
mine, in the real sense Of the word,
has been made in the Naildriver.
The Tonopah district need not be
ashamed of the production made dur
ing the year 1918. With a gross output
exceeding $1O.5OO,OOO, the banner sill
yer camp of Tonopah goes marching
steadily forward and continues to set
a pace that causes those interested in
mining to sit up and take notice.
According to information received
from both Garfield and Bingham, the
announced and expected reduction of
about 40 per cent in the output of the
Utah Copper company, has already
taken effect In small way by the lay
ing off of a part of the construction
crews and some of the "strippers" at
the mine.
1t is now estimated that the Ontario
Silver company lost about $500 worth
<of tools in the fire at Park City last
week independent Of buildings. How
ever, everything was fully covered BY
insurance.