The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1919-08-29
MINES AND MINING

noted in physical conditions III Inc
| face Of the Tar Baby tunnel. accordlns
| TO word received last week.
| According 10 reports from Alta. the
| caVe-in OF stope In the property 81
the South Hecla property was not a.
serious as at first expected and the
miners are catching up with the work
| Report of Ray Consolidated for
quarter, ended June 30. 1919, shows
net profit before dividends Of &lG,-
| 49, Production amounted to 1906
| IFS pounds Of copper, compared with
| l.. 2yl 3Sl III previous quarter.
The land leasing bill. designed 10
promote the production Of coal. oil.
| gas and phosphates on government
| owned lands lin- been reported n the
senate by the public lands committee,
and il was sent 10 the calendar
With dividend record of Si.17I 20
since 1914, Il surplus IN It's treasury Of
better than S6ODOOo ana maximum
| payroll for - force that has never eS-
| eeehcd - men, Caledonia in the Occur
II Alenes. Is masking remarkable
| record
| The snelter and flotation mill OF the
| CHiaVeras Copper company have been
| placed IN operation after an idlenesS
Of several months, and mine produc'
| lion IL being gradually worked up 10
normal says The San Francisco
| Chronicle.
| On The fifteenth of the month the
| <alldrivcr mine in the fark CITY dis
frirt, which for some time has been
worked by lesSces, was taken over by
| the company. From now OH the con-
! pany VIII work the mine and develop
The property.
The foundations are in and the ma-
chincry Is on the ground at the .Iih
mining property ia Montana ready for
Installation The pumping operations
have been quite successful and il Is de
clared that all the rich ore bodies are
now accessible.
A western mining man who has just
returned from British columbia de
clareS that considerable prosperity
prevails in The mining districts of the
province, especially IN the silver
camps United States capitul Is fast
becoming heavily interested in mining
properties IN that region.
Production of crude oil in the United
States in June amounted To 81 ,230.ON
barrels of torty.two gallons each, CON
pared with 2o,339,oO0 barrels in May,
according To the Boston News Bureau
This Is the largest amount ever re-
ported Ia month Daily average
amounted To l.Oil 200 barrels.
The report of Ray Consolidated for
The three months ended June 30 shows
net profit before dividends of $3l6 36l
Allowing tie dividend of S7SS,5S9,
there is deficit of S4T2,-222I, Produc-
tion for the quarter amounted to H.
BOG. us pounds of copper. compared
with 1921 .3Sl three months before
An Official estimate by the damage.
nent of The Goldfieiu development
company places The visible ore reserve
ut 100000 tons, including blOcked-out
deposits In the Combination, Red Top,
Mohawk aud north half of the Flor.
encc mines. The whole tonnage Is
estimated to have minimum worth
of Stl 600 900 to Sla,oO0,oO.
According 10 word given out during
the pHst week. 1t Is barely possible
that The officers OF the l.ehi Tintic
Mining company may postpone the
sinking of the new proposed shaft I'M
I'll n future date. the reason being that
the ore shnwlngs are developing 10
splendldly that the mine might be
worked profitahly under the present
system,
The increasing production costs doe,
not seem To act Ms II deterrent In III,
prospecting for gold, ns is evidenced b,
the advent of another large mimi:
company into this district. accorlin!
TO the Nevada State Journal. The Int
est development Is the announcement
that the old bullion property Is To b,
reopenri by Nevada men who are wei
able 10 finance the property.
With the signature OF the rresiden
On August It, the Hawley bill. whicl
provides Tor exemption of asSeSsmen
work on mining claims. became law
| Ky the passage of the Hawley bin. tn
annual expe,ilture of Slm on mlnin
ctai,ns BY claimants will be nnneces
sary during the year 1919, Exemptio
as provided in the law, however,
| limited Ia five claims for amy Slngl
| claimant.
Partly because of the small suppl
| IN London. as we'll rs the iucreasin
continental demand the price of 81
yer has heen advancing fast. write
Srinlvas H. Mngel of the Rullion an
Foreign Exchange at New York Git,
The labor troubles In Cobalt have ma
terially contributed To the rise It
stated that II viii take at least
month before the mines there Tan =
turn to- normal productions
THREE elghi-he teams arr IN
played hauling concentrates from IN
SnnSet mime and mill al unionvill,
Resides high silver and gold cnnten,