The Idaho Republican., 1919-03-11
AROUND THE MINES


H.4OO,OOO pounds; In January, Is
100000.
The TOnOpah Mining company O
Nevada reports for the year ended DE
eember 81, 1918. net earnings o
t7S2,O61.
Miami COppers output in Februar,
was 4,462,57S pounds; in January
S273,26O.
Production by the mines of Tonopal
the past week tOtaled 1868 tons of or,
valued at $12S,656.
The stockholders in the Merritt Oh
corporation, who met March in Port
land, Me-, voted to approve an increase
In the capital stock of the corporation
from $6,OO0,0O0 to $1OOOO,OOO.
Now that practically all the antici.
pated big slides have come down In
Alta and Little Cottonwood, it is ex.
pected that the South Hecla and other
Alta mines will be able to start a
steady stream of ore to market over
the ice trai.
According to recent reports from
Wyoming. Mule Greek and EdgemOnt
were the scenes of exciting clashes be-
tween owners of oil claims and jump
ers. 1t is stated that claim jumping
has cropped out In several cases and
the larger firms have started hiring
men to look after their holdings
Bingham Mines Company directors
have declared dividend of 25 cents q
share. This declaration will require a
disbursement of about $4,000 on .the
some 145,00O shares issued 1t will
bring the company's total dividends up
to $4,000. Last year the Bingham
Mines paid out So share, or $2S6,OOO.
The second well being bored near
the lake west of Pennington by the
Union Oil & Gas company, has attained
a depth of 265 feet, and some gas is
showing. The well was started with
6-inch casing, and this has been re-
duced to four inches. 1t is expected
soon to be sinking two wells at the
same time.
The Goodsprings (Nevada) Gazette
says: Beginning the first of the month,
the Yellow Pine Mining company will
stack the zinc concentrates for future
shipment, although lead concentrates
will be shipped as formerly. Within
the next two weeks it is expected that
work will be begun on alterations in
the mill.
According to the Goldfield News,
maximum width of over 80 feet Of
ore is exposed on the 365-foOt level
of the Tonopah Divide at point 300
feet southeast of the shaft, where the
southwest crosscut has been extended
aOR feet and the northeast crOsscut
has been extended 40 feet from the
main drift.
Figures for the month show that
during February the mines of Tintic
shipped 5S5 cars of ore, valued at
approximately $1,300,00O, the list in
cluding twenty-one shippers. These
figures compare with 667 cars, valued |
at $1,5OO,OOO produced during January
the shipping list of that month includ-
ing twenty -four producers.
Directors Of the Eagle and Blue Bell
have declared dividend of 5 cents
share. This payment will require the
distribution of $4,000. 1t will make
q total for this Tintic mine Of $1,2O6,-
300. Last year the Eagle distributed
30 cents share, or a total of $27O,-
OOOO. In 1917 it paid out 40 cents, or
$685., 7,258.
During the past few months the Elk
Basin United Oil company has been
doing some drilling for oil on the
shores of Utah lake near the
town Of GosheH Now word comes
from Provo that agents of the COM
pany are in Provo negotiating for a
ease on the property of the First
Ward Pasture company bordering the
Utah lake.
Under the caption ''The World Cries
or Silver" the Nevada Mining Press
;ays: "A worldwide demand for silver
md the probability that necessity will {
ring about the establishment of a
louble standard has awakened the in t
crest of men of keen vision who are ,
eeking silver mines for investment. I
several deais of magnitude have been r
1ade in Nevada mines and the COM q
ng spring will be followed by opera r
Ons on large SCALE"
Marked improvement in the cOndi-
ions at the Silver King Coalition mine
Park City Is noted by Lafayette
eminent mining engineer,
'ho was recently engaged by the ex-
cutive committee of the Silver King
oalitiOn Mines company to take direct
nd full charge Of operations
Peter Ryan and John Ernst, who =.
Did lease on the old Saturday prop =,
ty on Squaw creek, tributary Of :.
e Salmon river, and about seven "
lies out of Clayton, Custer county, ~
ahO, report having struck from four -
six feet of solid galena and large VI
DIV nF rh to 81, |