The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-06-17
AROUND THE MINES

nv OF MontellO, New, ana Wend0ver
Utah, are responding rapidly to the
increased value of silver.
It's understood that California PEG.
pie are interested in recent lease
taken on the old Arcola oil well In
the San Juan district of Utah.
1t is reported that operations ara
getting under way on the old Hickory
mine in Beaver county, Utah, two
shifts being at work upon number
of excellent leads.
Mining camps of eastern Nevada are
looking forward to period Of pros.
porous activity, and even the pessimist
must concede that prospects are con-
siderably brighter than in the months
past.
Utah's mining properties, particular.
~ the silver mines, are being as much
discussed in London and Paris these
days as they are in Salt Lake. The
bright future for silver is responsible
for this condition.
Some idea of the rapid development
made by the Tonopah Divide can be
gained from the fact that in approx.
mately year developments have justi-
field changing the entire equipment at
this property three times.
Holders Of Tintic Standard stock
have been advised of another dividend
Of 8 cents, payable June %. This will
make 16 cents for the present year.
The Standard last year paid out q
cents share, or $217,23O.
It is expected that the new railroad
line to the Tintic Standard, in the Tin
dc district, will have been completed
within the next two months, when
several thousand more tons per month
will be sent out from that property.
Jake Johnson, veteran prospector,
claims to have found in the Battle
Park district of the Big Horn noun
tains, east Of Hyatville, Wyo., the IA
nous Lost Cabin" mine, for which
intermittent search has been made
during the last half century.
The new Harding mill, which has
been installed recently on the property
Of the Sunset Mining company at Lead
ore. Ida, began operations for the
first time last week. The mill, which
Is running three shifts, is operating in
very satisfactory manner.
After five weeks of idleness. It II
believed that the strike at Park City
will soon be ended. The men, it IL
understood, will accept an increase OF
20 cents day and an eight-hour day
instead Of their demand for 81 day
increase and six and half hour
day.
When the eight-mile aerial tramway
of the Walker Mining Company ir
Plumas county, California, is com
pleted, in two to three months, the
cost Of transportation of the valuable
concentrates from mine to railroad
will be reduced from 81 a ton to &C
cents.
Including the million-share day or
Wednesday, there have been Al con
secutive million-share days of trading
Saturdays excepted, since April Z OF
this year, says the Wall Street Jour
nal. This record has been exceeded
but three times in the history of the
stock exchange.
A very much more optimistic feeling
exists in the copper selling trade as the
result of the large sales made durins
May, says the Boston News Bureau
Against production of 115,OOOOO(
pounds In that month, total sales BY
all producers were 100000 pounds
and June gives promise of DUPLICATING
results obtained last month.
According to story that comes from
Boston, Butte & Superior Mining off
Gals consider that the recent decision
of the flotation litigation is partial
victory for the company, which may
use per cent or more oil per ton OF
ore, but to use any fraction Of l pei
cent constitutes violation of the de-
cision as well as the patents covering
the process.
According to statement made al
Salt Lake last week, miners have
picked up one Of the richest silver
gold mines ever discovered in the west
The property is near Basin, Mont.
where the Jed Mining company is To-
Gated. The last shipment brought
$14,480 for single carload. Some OF
the recent shipments showed 47C
ounces silver and way up in gold to
the ton, 10 to 20 ounces.
Encouraging results are beginning tt
make their appearance in the face Of
the new crosscut which the Alta Tun
mel q Transportation company is send
ing out to the southeast with view tt
opening the fissure system at a more
promising formation than that which
the main tunnel proved to be.
During the past few weeks, the Co
lumbus-Rexall improvements have
been very gratifying to the manage