The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1920-09-03
MINES AND MINING

reports for quarter ended June 81.
1870. a gross profit after charges OF
GS7 .255. equivalent TO "a cents
share.
Nevada Consolidated Copper CON-
pany for quarter ended June 80. 1890.
shows total income after depreciation
charges Of 1884 900. equivalent to ID
cents share, says the Boston News
Bureau.
the force employed at the property Of
the Tintic Paymaster Mines company.
operating In the North Tintic district,
and work is being pushed as rapidly as
possible.
The adit of the American Consoli- |
dated Mines company. whose property |
is situated In the American Fork can
yon district, has reached Its objective.
the Bog fissure, approximately 1900
feet from the mouth Of the tunnel.
AT the Eureka Croesus 100 tons Of
ore of the same high value as the ship
ments Of recent weeks are now In the
bins at the Catlin shaft. and will DO
sent tn Salt Lake ms soon rs railway
ears can be secured at Eureka, New.
The Eureka Nevada Mining COM
feet and Is In ore-bearing broken lime.
II will have about 100 feet further to
run before II Is expected to strike the
ore body encountered In the upper tun-
| mel.
High freight rates. which will he put
into effect very soon. will add to the
burdens which are being carried by
the mining iaduatry Of Tintic. but all
Of the operators are optimistic and
hope To keep things moving In the
usual fashion.
Stockholders OF the Godiva Mining
company met last week and after ron.
sidering proposition for the sale Of
the entire holdings Of the corporation.
accepted II. As IL IL understood. the
proposition is more in the nature OF "A
reorganization than complete sale.
Two ears of ore recently shipped
from the Great Valley mine at Hamii.
ton, Nevada. to Utah smelters by Ed.
Wilson and Ole Johnson, who own the
property, returned $i,S49sO, as is
shown by the smelling report. The
cars contained about forty tons each
The advance in the price of silver
Ia SLOPE per ounce for both the fore
isa and the domestic product, as well
as the Improvement In the price oi
lend during the past two weeks, II o'
considerable Significance 10 the min
country.
A report from Santa Maria. Cal.
states that II party Of officials from
the office of the United States Pro
= ducers Refining company. shnle oi
developers have left there for 81,
they will make locations for leases AM
the building Of 81 ,O00,oO0 shale o
plant.
Within the next day or Two the firs
carload Of concentrates from the ne,
plant Of the Griggs Hush Leasing con
pany. ut Eureka. Utah. viii be place
y ON the market and assays which hav
been made from day Ia day show tina
I Notwithstanding the low grade or
y treated, the concentrates are Of exec
" lent grade.
Since the government began buyin
silver In June under the provisions u
the Pittman act nj n price of appro,
!, imateiy 81 per ounce. about D,ooo.W
:, ounces Of silver have been purchase
. for the purpose OF coming dollars
replace the 2g0.OD.OOo silver dollar
!. melted and sold To Great Britain du
!. ing the war.
!. Some idea OF the income accruin
:. from the development of oil lane
within the state OF Wyorsing. may !
Ind when II Is known that more tina
n $1,000 month Is now flowing I'M
~ the permanent school funds OF II
$. state of Wyoming from oil royaitie
u according To reports from The sta
y capital M Cheyenne.
D. That the treasury can avail itself I
y. the Pittman act 10 prevent rtina"s
4 movement IN silver has been ahmitt'
In by Director of the Mint Baker. IA
rs til. Boston News Bureau He il
* opinion thai til. recent decline, due
a; n lull Ia buying from the far east.
. only temporary. and that the met
Us will again advance.
se The extreme dullnes prevailing
the copper Industry since the buyi
movement which ended last March "
w sharply reflected. says the Bosf'
~ News Bureau, Ia the reports Of the
~ called Hayden porphyriss--tiah. Il
We no. Ray and Nevada Consolidated
= the second quarter Of lE1o. Exe"i
" ing Chino. they all had Ia dir into 81
plus 10 meet dividend requirements
Al Ruby Hill the work 81 putt
- the big pumps into successful opei
ton IN the Lucan shaft has been pr'
:, ressing fayornbly during the We
-, Saws n Eureka. Ney. dispatch. and
:. though u number Of changes and alt
ations have been found nec"ssh