The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-06-06
MINES AND MINING

Two stock exchange memberships
sold in New York last week at $50, 900
each. This is the highest price since
1910, or In nine years.
Lehigh Valley Coal Sales company
has declared the regular quarterly
dividend of $3.50 share, and special
of $3.50 In Liberty bonds.
There has been marked improvement
in the manganese situation during
March, although the production Ii
small in amount, says the Mining Con-
gress Journal.
Average daily production of the
225.OOO oil wells In the United States
Is placed at four and one-half barrels
by the Lamp" Standard Oil Company
Of New Jerseys monthly magazine.
From Cobalt, Cont, comes the ne
port that the McKinley-D arragh mine
is understood to be producing silver
at the, rate Of upwards. Of 100000
ounces annually, based upon figures
for the first quarter Of the current
year.
There were eighteen producers in
the Tintic list last week, with Dragon
and Tintie Standard leading. each cred
tied with about 1000 tons. Chief comes
up with about 800 tons, while the
next five producers appear with more
than 500 tons each.
In 1914 Nevada produced l5,455, 49l
ounces of silver, the total value Of
which, based on the average price for
the year, was $8,471, 152, Under the
present prices the silver produced in
1914 would be worth SIS, 548,589, or
over $1O,OO0,O0O more.
In ExcheQuer canyon about three
miles north of Cherry Greek, Nevada,
work has been resumed on the Ex-
chequer and Imperial by Exchequer
Leasing & Mining corporation of New
York, and extraction Of ore has COM
menced from the Imperial.
A big rush into the Willard district
In Nevada seems very imminent in the
near future. The camp is very favor
ably located, ten miles from Lovelock,
four miles to the railroad station, and
three miles to the Humboldt river and
down grade haul all the way.
The zinc industry is confronted with
the conditions of normal domestic
consumption of about 100000 short
tons of primary spelter, and produc-
ton capacity of over 100000 tons,
which still survives from the period
of overproduction during the war.
From Denver comes report that
in 1918 the rare mineral camps OF
southwestern Colorado are credited
with producing ores from which p
grams of radium was extracted. At
$4,000 per gram this means 81 ,9SO,O0O
for the year, practically limited to the
Paradox valley.
A considerable quantity of material
for the Cobalt mine has been unloaded
and is being transported over. the
Leesburg hill to that property as rapid
ly as. possible. The material will be
used in the construction of a hydro
electric plant, which will cost, COM
pleted, approximately 100000.
Twenty-eight pounds of ore valued
at 5000 was being exhibited last week
at Lovelock, New. The discovery was
made by Jose and Davis, leasers on
the Sheepherder property at Willard.
The ore was taken out of four-foot
ledge with high values all the way
across. The values are in good work
ing quartz.
During the past eighteen months the
old camp of Cherry Creek has sent to
the Salt Lake smelters over 1900 tons
of ore, on which the operators have
realized a nice profit and these opera
tons have been the. means of getting
outside people interested in the camp
so that at the present writing there
are six properties working.
In connection with the rise in the
price of silver it is interesting to note
how the value of a silver dollar in it's
silver content has fluctuated and has
now risen to $0.92S. In 1915 a dollar
was. worth, according to it's silver con-
tent, but 1852 cents, silver selling then
on an average of $0.4968 an ounce. A
dollar is worth now just double what
1t was then in metal content.
With Charles D. Kaeding as consult
ing engineer and general manager, the
organization of the Rochester Nevada
Silver Mines company, consolidating
the Rochester Mines company, the
Rochester Combined Mines company,
The Rochester Eida Fina Mines com.
oany, the Rochester Merger Mines
company and the Nezel Grown Point,
was perfected in Reno last week.
The old Mary Ann-Pacific just west
IF the town of Cherry Creek, Nevada,
which has been under lease for the
past eighteen months has been sold to
New York parties who have installed
1 compressor at the portal Of the tun-
lel and have started in on systematic
plan of development to block out the
arge amount OF low grade ore for
many years known to exist in the prop