The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-02-17
M1NtS' AND 8l0NlNG

rrOuuctiOn Vi gOiu III the rdirudnka
district for the mining season of 1918
reached total value Of approximately
81, 543.O & #cl 81
Activity in the mines in the vicinity
Of Majuba Hill, twenty miles west OF
Inlay, is Increasing daily, and recent
operations have met with gratifying
success.
Shipping mines of the Tintic district
numbered seventeen last week. A to-
tai of las carloads of ore were shipped
as compared with total Of l41 fol
the previous week.
The Butte 4 Superior Mining com.
pany entered the current year with
net earnings running at the rate OF
$12 per share annually on the 297 ,OOG
shares Of stock outstanding.
The Cornell mines Of Hamilton
New, which have been steady prOduc.
ers for. the past twenty-five years
have been taken over by the Cornell
Silver Mines company of Ely.
Having shown consistent improve
meHt in the last ninety days, the zinc
market seems to have shaken off the
discOuraging burdens under which II
has labored since the fall of 1918.
While complete figures on the total
metal production of the Anaconda Cop.
per Mining company for 1919 are not
yet available, preliminary estimates
place copper output at 15O,OOO,OOO
pounds.
Petroleum products from American
oil wells for the past year are esti.
mated to have brought in the markets
upward of $3,OOO,000,O0O, which is an
increase of $5OO,OOO,OO0 over the fig
ures for 1918.
Property of the Eureka Mines com.
pany is once more in the limelight, as
the result of strike which was but
recently made near the line which
divides this ground from that OF the
Gemini company.
One of the largest interests in the
selling business places last months
sales of copper at 45O,OOo,ooO
pounds, or 20 per cent of the maximum
output in the biggest year the produc.
ing business ever saw.
Although the final three months OF
1919 gave somewhat brighter tinge
to the years results, says the Boston
News Bureau, the American Zinc, Lead
& Smelling company expects Its real
worthwhile earnings in 1920.
Announcement has been made that,
by newly discovered method, coal tar
can be made to yield tartaric acid and
other important substances which Will
help to lower the costs OF living and
lessen the blow of prohibition.
Figures just released show that wy
oming production of petroleum In the
year Just closed was approximately 3D.
1000 barrels-1,O 100000 barrels more
than were produced in 1918. The 1918
figures had been the highest ever.
Averaging 100 tons daily, the Tintic
Standard closed the first two weeks
of the month of January with a total
of sixty carloads of ore to the. mines
credit, and from all indications the
output will be even heavier for the
remainder of the present month.
Over the mountain from Phoebe at
the Prince Consolidated mine great ac-
tivity prevails, although it will be
probably ninety days before the No. z
vertical shaft now being sunk reaches
its first objective, the eleven-foot oxl-
died iron bed discovered by the dia-
lnond drills in 1918.
The discovery of the new oil pools
in northern Louisiana, the broadening
of proved fields in northern Texas, Ok
lahoma and Kansas, and in big pioneer
ing work that has been going on in
wyoming are the outstanding features
in the story of 1919's great efforts
to open up new sources of supply.
Exceptionally high grade ore has
been recently encountered in the Gold
King mine, situated in the Silverton
district. This strike Of gold ore, white
quartz, was made recently on the fifth
level of the old Gold King mine, at
800 feet in from the main Gold King
shaft and 500 feet from grass roots.
The news comes from Casper, Wyo,
the twelve months of 1919, the Mid
that although having spent millions OF
dollars on improvement work during
west Refining company will, it is I'M
derstood, close the year with current
earnings greater than those of any an
nual period in the history of it's exist
ence.
Montana again leads the United
States in the output of silver, with an
estimated production of 14,94O,5H
ounces. OF this it is estimated that
the Anaconda company produced $780,
600 ounces. Utah, with a production
of 11,9O6,152 ounces, is second, and
Nevada, with 7,312,454 ounces. third.
Colorado and Idaho, with outputs APP
proximating 100000 ounces, are
fourth and fifth.
High prices for silver and slow de-
cline of the gold industry in the Black
Hills has caused some mining. men to
begin more extensive exploitation OF