The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1920-03-19
AROUND THE MINES

~ licAlto. 4
One of the most promising ore do /,
velopments for the Cherry Creek dis
trict OF eastern Nevada IL reported
from the Mary Ann mine. owned by 4
New York syndicate.
OIL production I'm Texas in 1919 to-
tailed 703l5.4a6 barrels, with an esti-
mated value Of SiSS.05I.94 against
34,435,l4S barrels in 1918. valued ae
S63, 100. gain OF l04 per cent.
Mine owners In Mexico must pay
their taxes to the Mexican govern
ment at once. according to advices
from Mexico City. or suffer the PEN
atty of confiscation Of their proper
ties.
Exceptionally fast progress in driv-
ing the Woodward tunnel upon the
property of the Tecoma Consolidated
Mining company has been made. Since
January 10 the tunnel has been driven
total of 500 feet.
The Calumet & Hecla Mining COM
pany will not pay a dividend for the
first quarter Of the current year, its
officers announced last week. The
company failed to pay dividends for
the first two quarters last year.
| The loss to the government as q re-
suit of the supreme courts decision
declaring stock dividends not taxable
as income will be nearly $500, 0OO.0 900
according to an estimate made by
Commissioner Of Internal Revenue
Roper.
A new find of zinc ore In the Teco-
ma Consolidated property. near Te-
coma, New, was reported last week
by Manager Woodward, .who said that
six feet of ore running 46 per cent
zinc had been opened up in the old
part of the mine.
According to the Lovelock, Nevada
Review-Miner, the 30-ton Gibson mill
to treat the ore from the shepherd
er lease, which has been in the course
Of construction for the past six weeks
at the Young ranch In the upper val
ley, has been completed and is now In
operation.
The last remaining $50, 1853 900 o.
silver dollars authorized to be meltet
down and sold under Pittman law o.
April %, 1918, was transferred las
week from the United States treasur!
to the New York federal reserv,
board. The silver will be shipped t,
the orient
Despite the steady campaign Of de
velopment which has been prosecute,
at the Nevada Birch Greek property
situated ten miles south of Austin
New, little concerning the size of tn
ore body is known. 1t Is certain, how
| ever, that the ore body is rich and o
| extensive size.
Inspiration Consolidated Cope
company is expected to receive cleal
bill of health from representatives 0
the department of internal revenu
who have been comforting with off
Gals Of. the company as to war take
: paid by Inspiration covering severa
years prior to 1919.
The Mexican plants Of the Amer
! can Smelling & Refining compan
! have increased operations to about
per cent capacity and, barring unfol
seen disturbances, will this year, 70
the first time in five years, contrib
\ ute net earnings to the Guggenheir
company's treasury.
The Anaconda Copper Mining con
pany has just acquired in the state Q
Idaho, a phosphate rock deposit est
mated to contain more than 50,OOO,OO
!. tons Of high grade material which ca
: be worked very economically throug
! tunnels. The property is but 81
: miles from the railroad.
Buildings and the mine shaft of tn
! Chicago Exploration & Developmer
: corporation near Tonichi, Sonora, wer
!. wrecked by dynamite two weeks az
' by renegades, said Franklin B. Hare
q ing, consulting engineer of the con
9 pany, who has arrived at Augu Prit
He says the loss is $125,OO0.
g Another company has been orgal
!: lied to operate valuable group {
g claims In the Hamilton district.
l. Nevada, which at one time was or
e of the richest mining districts Of tt
d state and which is now once mol
e coming into it's own. The new cor
pany is known as the Treasure Hi
Deposit Mines Company.
{ There was new thrill of excitemel
at Lewtstown, Mont, in connectiC
: with oil, when Judge H. L. DeKa
and Otis Freeman, well-known g
ologist, let it be known that they, wit
some associates, had secured Oil leas,
n covering several hundred acres
= land in Lewistown and would short
H drill for oil right In the city.
d, Drifting on the second ore body e
l. countered in the south drift Of Il
q 1910 level of the Eureka Lily mil
has been continued for distance
" IT'S feet. Assays Of the ore which
being mined, some Of which is beir
lt saved for shipment, show the follov