The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1920-05-14

water - main shaft Of the Stmoo-
nine u MINI. nevada.
P5r,1ons eal has been found II =
test We being driven BY the nIipah
BxGe o. 4 Gas company In Neve1a-
Ne sorond oil well to be drilled -
lie och field. In Utah, viii be spud1-
Ell 4 % the north aide u Grand r1RR
v tenl tne next week Or ten days.
III report comes from Lodi. No
-, tnat . company II being organ
issd fer the purpose Of developing the
asUiy oscovered Broken Hills prop
erty.
dbcrations at the woodlawn mine In
be Cottonwood district were resumed
aga1n lost week after almost two
lnoSths' inactivity due to lack Of
power.
Late developments In the Birch
Creek f,eld give every promise Of max
Ine that district one Of the big pro-
dueerB Of the west, Is the repors
b,viEhf back by visitors to Austin.
Sevadn.
Test wells, which will do much to
prove the possibilities for oil produc.
ton In two Wyoming nelds-the Lost
Soldier and the Cooper Basin-are be-
ing put down by the Utah OIL Rsdn-
Ing company.
Under the terms Of q bill introduced
By Representative Hayden of Arizona
the terms Of the coal. oil, phosphate.
oil shale, gas ana sodium leasing act
q February ., 1920, viii be applied
to unallotted lands within Indiap re-
efvations, II the bill shall be passed
by eongress.
Intensive additions to the plant Of
Utah Sulphur Corporation at Norris
ssy, Beaver county. Utah, are planned.
This year the company will spend APP
proximately s260.O0O for new equip
ment. which will greatly increase the
plants production.
Declines In the price Of silver should
be only temporary, according to infor-
nation gained from reliable sources.
One Of the most potent Of factors
which operated to depress the price Of
silver during the last recessions was
the Japanese financial situation.
Development work done on the ~
Gently struck ore body at the Rico
Wellington mine shows evidence Of
persistence. according to the general
manager. During March total Of
1000 Of ore was shipped from the
new ore body. Further shipments have
only been limited by the number Of
cars available.
Establishment Of credits for the for
eign buyers Of American copper will
soon be an accomplished fact, accord
ing to the Boston News Bureau. Such
step will permit Of purchases BY
I French consumers over an extended
period through credit rather than cash
against documents which has hitherto
a been the general method Of payment.
DR.. Van H. Manning, director of the
bureau Of miLss, department Of the
: interior, has rendered his resignation,
!, effective June 1, to President Wilson.
: DR.. Manning Is leaving the governmnt
: service to accept the position AZ d.
: rector Of research with the recently
organized American Petroleum insti-
tute, the most important body OF petro-
: leum men of the country.
While considerable comment concern
n Ing oil drilling ventures in Wyoming
: and Nevada has been heard, very little
!. Is heard Of oil developments In the
4 Uintah basin, in Utah. Notwithstanding
. the fact that several scores of wells
4 from 400 to 5000 feet in depth stand
e capped awaiting production. At Fort
E. Duchesne, a we'll which flowed thirty.
l. six barrels per day has been capped.
Is Assessed valuation of the ores In
4 the metalliferous mines Of Utah, based
e. on three times their net proceeds are
"a this year less than one-half that Of
e. last year, according to the report. oi
v the state board Of equalization. TIT
e total valuation placed on mining prop
G critics, both metalliferous and non
mstalliferous, this year Is $87 .451 ,68S
a. compared with 500, 561 .O02 yea
n Aso
II Increasing naturalization In tn
: form Of pyrites Of iron and a stron
I. flow Of water from the face is take
!. at Park City as evidence that the Spir
!, tunnel Of the Silver King Consolidate
y, II definitely in the zone Of mineralizi
i tioAi which begins at the northeaster
- end OF the Silver King Coalition an
- str4kes southwest through the Coal
"a ti0h and the old workings Of the Coz
! lidated into Thayne's canyon.
IL While the gasoline situation appear
az to be in an acute stage In California
In where there was only two weeks SUI
en- ply In February, this IL not true in an
- other parts Of the country. 1t il III
No d0ubtedly true. however, that due
~ the much greater increase in the nun
81 Der Of automobiles In use today con
1g pared with the increase in both gas
u line and crude oil from which gas
Of line Is derived. It IL possible that Il