The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1920-09-17
MINES AND MINING

prevail at the Silver Shield mi,,o ~
the Bingham district.
New machinery Is being han,ad -
the Iintic-Davis company proner,v -
North Tintic district.
peseiopinent work at the Columbus.
i'eAaii mine continues to meet win
encouraging conditions.
After doing considerable prosnac,in,
al depth of 400 feet In tho prn,,,s
properly The work Of sinking the winze
was resumed a few days ago
Inc future Of the Rico-W ellington
mine near Rico. Colo, at the present
time Is as bright as il has been ~ ony
time IN the history of the property.
A company drilling for oil near Oak.
ley has struck flow of about 1oo
ihches OF artesian water. The com.
pany will continue to drill for oil a,
lower levels.
| Refiecfing the seriousness of the
fuel Oil situation, the geological survey
announces that the demand for crued
oil in January was about 1850 600 har.
reis greater than in December.
| Two shipments of ore. recently sent
out from one of the blocks OF ground
In the Gemini mine, Tintic district
which Is being operated under lease
brought net smelter returns of sI5.-
| 544.50.
Canadian silver is being dscourap ed
at Minneapolis banks for the first fine
in years. A 20 per cent discount on
all silver money from the Dominion
has been ordered by the Minneapolis
clearing house association.
Overdrilling has seriously cut down
the production of oil wells in four OF
the new oil fields, among them Ranger
and Burkburnett, according to the
Lamp. the official publication of the
Standard Oil company of New Jersey.
| The report of the Chino Copper COM
pany for the fourth quarter of 1913
shows net earnings of $49O,627, or at
the rate of 1924 per share per annum
compared with earnings at the rate OF
|
Further information regarding the
Treasure Hill strikes at American
Fork, Utah. is to the effect that ore
has been found in four places, opened
up during the winter. and 200 tons
worth $125 per ton are ready for haul
ing.
Samples from an eighteen-inch vein
being followed by drift on the Poca
hontas property. situated seven mile:
from Newfoundland On the Southern
Pacific railroad in Boxelder county
Utah, assay in gold and silver value.
from $40 to as high as $3.50 per ton.
Cherry Creek, Nevada, is making /
spirited response to the recent improve
ment in the price of silver. Conserva
tive mining men who have visited tn
district during the past few month
possibilities of the old producers, a
we'll as those mines working in virgil
territory.
Two rich streaks of ore are bein
followed into virgin ground by upraise
from the lowest workings of the Rye
patch mine. The Ryepatch mine
which is situated about two and hal
miles from Ryepatch station, Nevada
on the Southern Pacific, was in earl
days one of the most productive mine
in Nevada.
Ray Consolidated Copper for tn
three mnoths ending December 81, 19l!
reports total profits of s647.226, equiv'
lent to forty-one cents a share on tn
1,557,179 shares of stock. This con
pares with profits of $685., 14I, or fit!
nine cents a share, in the third quartz
and twenty-six cents share in the CO.
responding quarter of 1918.
Twenty Tintic mines participated /
ore shipments last week which totale
139 carloads as compared with il
carloads for previous week. Chic
Consolidated, with thirty-one carloads
Dragon Consolidated. with twenty-on
carloads: Iron Blossom, with sixtee
carloads, and Tintic Standard, vii
fifteen carloads, head the list.
1 In the Eureka-Climax mine at II
reka, New, the Mabel l.. Tunnel. 10
merly known as the Orange 1unne
! has been put in good shape. The ne
essary timbering has been complete
and the rails laid. Driving in tn
tunnel is now being pushed with a
possible vigor towards the known oil
!. body in the Deadbroke claim.
, A dispatch from Nina, Nevada. says
) Assistant Postmistress A. \. Crow
: over, who grubstaked ]. \. Anderson
D prospector. fairly gasped with plea
] ureable astonishment when he hande
= her an assay sheet showing the return
Q on a picked sample of high grade 81
!. yer ore which ran 6239,i4 ounces TO IL
, ton. Ore is being broken for shlpmeh
Austins oldest mine has taken o
I new life and promises 10 be one OF III
o biggest producers of the district a
!. cording TO the Nevada State Journa