The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1920-03-19
MINES AND MINING

the Bingham district.
New machinery is being hauled to
the Tintic-Davis company property in
North Tintic district.
Development work at the Columbus
Rexall mine continues to meet with
encouraging conditions.
After doing considerable prospecting
at depth AZ 400 feet in the Plutus
property the work of sinking the Wine
was resumed few days ago.
The future of the Rico-W ellington
mine near Rico, Colo. at the present
time Is as bright as 1t has been at any
time in the history of the property.
A company drilling for oil near Oak
ley has struck a flow of about 100
inches of artesian water. The COM
pany will continue to drill for oil at
lower levels.
Reflecting the seriousness of the
fuel oil situation, the geological survey
announces that the demand for crued
Oil in January was about 4,750,O0O bar
rels greater than In December.
Two shipments of ore, recently sent
In the Gemini mine, Tintic district,
which is being operated under lease.
brought net smelter returns Of $751;
544.50.
Canadian silver is being discouraged
at Minneapolis banks for the first time
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 $490y827, or at
the rate Of 1924 per share per annum
compared with earnings at the rate OF
$3.48 per share in the third quarter
Further information regarding the
Treasure Hill strikes at American
Fork, Utah, Is to the effect that ore
has been found in four places. opened
worth 1925 per ton are ready for haul
ing.
| Samples from an eighteen-inch vein
being followed by a drift on the POca
/ cft rms OIL mi
from Newfoundland on the Southern
Pacific railroad in BOxelder county
Utah, assay in gold and silver values
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 thu
district during the past few months
are strongly impressed with the larg'
possibilities of the old producers, al
well as those mines working In virgin
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 mines
in Nevada.
Ray Consolidated Copper for thu
three mnoths ending December 81, 1915
reports total profits of SCAT ,226, equiva
lent to forty-One cents share on tn
1,557.179 shares of stock. This com
pares with profits of $685.. 14I, or fifty
nine cents share, i'm the third quarter
and twenty-six cents share in the cor
responding quarter of 1918.
Twenty Tintic mines participated IL
ore shipments last week which totale'
139 carloads as compared with Ia
carloads for previous week. Chic
Consolidated, with thirty-One carloads
Dragon Consolidated, with twenty-on
carloads; Iron Blossom, with sixteel
carloads, and Tintic Standard, wit
fifteen carloads, head the list.
In the Eureka Climax mine at Eu
reka, New. the Mabel l.. Tunnel. for
merly known as the Orange Tunnel
has been put in good shape. The nee
essary timbering has been completes
and the rails laid. Driving I'm thi
tunnel is now being pushed with al
possible vigor towards the known or
body in the Deadbroke claim.
A dispatch from Nina. Nevada, says
Assistant Postmistress A. y. Crown
over, who grubstaked j. Y. Anderson
prospector. fairly gasped with pleas
ureable as>onishment when he hande
her an assay sheet showing the return
on a picked sample of high grade sill
yer ore which ran 6239 A ounces to tn
ton. Ore is being broken for shipment
Austins oldest mine has taken OF
new life and promises TO be one of tn
biggest producers of the district, az
cording TO the Nevada State Journa
Abandoned for more than fifty years
the old Spanish working of the JAG
Pot vein has been reopened and
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