The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1920-08-06
AROUND THE MINES


ment is also reported in the west
drift on the same level.
Reeds Peak stockholders have
unanimously agreed at special
meeting to consolidate the property
of the company with that Of the Big
Cottonwood Consolidated Mining COM
pany adjoining the Reeds Peak to
the south.
Republic Iron & Steel company's
earnings Of $6.22 share on common
ia June quarter, after charges and
taxes, were $1.76 a share better than
profits for the previous quarter and
about Sc a share better than the Sec
ord quarter Of 1919.
Rapid progress is being made at the
American Consolidated Mines COM
pany prs?erty in the American Fork
district, according to George +. Hemp
hill, manager. A large porphyry in
trusion has been entered by the main
adit being driven to open up ut depth
the Bog mine.
Foriy-four bars of bullion constitut-
ed the production of the Tonopah Bel
mont Development company during
the first two weeks in July. The ship
ment of the bullion, which was made
on July IS, showed weight of 10000
ounces, and the estimated valuation is
given at $4,000.
Because of the unwillingness of
producers to gamble on the extent to
which freight rates on copper metal
are to be advanced, the selling inter-
ests do not anticipate much, if any,
buying of the metal for fall delivery
before the commerce commission an
nounces its rate decision.
The surrender of Francisco Villa,
Mexican bandit and revolutionist,
pleased business leaders at Ell Paso
and in Juarez, Mex. Opinions freely
were expressed Villas surrender
would do much to stabilize mining
and industry in Chihuahua, the state
In which Villa chiefly operated.
Belief that the rich surface depos-
its, from which considerable amounts
Of ore have been taken on the Bel
lerophon, the Live Yankee and the
Silver Wave properties in the Ameri-
can Fork canyon, would be found to
persist to depth. is justified by the re-
cent strike in the Holden tunnel.
Work on the Crescent Eagle lease
near the Crescent station on the ID.
& R. G. railroad, has resumed and it
is said that the hole will be rushed
to completion. George H. Mulvey has
the contract for the well drilling and
wi! put on two towers in order to
put the hole down as rapidly as pos.
sible.
During the last few days large
numbers of brass workers in the
Naugatuck valley have gone back to
work after an idleness of about three
months, says the Boston News Blu
reau. The men struck about the mid
die of April, since which time the
Connecticut brass mills have beer
working part time.
Conditions at the Emma Silver mine
In the Alta district are very satisfac.
tory, according to John Dern, direc.
tor Of the company. Mr.. Dern VISITED
the property this week. The motto
which was flooded out in the VIM
when snowslides cut off the powe
has been thoroughly overhauled an,
again installed on the 300-foot lcvel
In the three months ended June 8
the American Zinc, Lead & Smelling
company earned net profits of STAT,
1856. This is before depreciation an
depletion and brings total profits 70
the first half Of 1920 up to $344,97l
The half years dividend on the 1864
shares of Zinc preferred held by tn
public calls for $241 ,62O, leaving
surplus Of $103,355.
Advices received from Jarbida
state that Senator Key Pittman
Nevada, Maj. George B. Beach, IL
New York capitalist, and Attorney
]. Van Pelt Of New York, have e,
ercised the option that they held {
some valuable mining property in Il
Jarbidge region and that they plan il
mediate development work.
The most important developme
work now in progress on the DAY
properties at Eureka is the advane
ment Of the Prospect Mountain tn
mel, which will, when completed,
suit in large saving in operati
expenses to four companies who
mine workings will be directly &C
nected with it at different places
Its course.
Concerning several properties
Park City, the latest market letter
Charles A. Stoneham 4 Co. sa
Silver King Consolidated some
the prettiest specimens Of galena
to BE- found in Park City were sho
this week by miners working in
Spiro tunnel Of the Silver King C
solidated. The ore was from stri
err At the tunnel level, which pass
into the. limestone bedding overly