The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1920-12-17
MINES AND MINING

Directors of the Eureka Bullion Min
ing company met at Provo. Utah, last
week and levied an assessment Of one
half cent per share, delinquent Janu-
airy ).
With an Increased force of men the
Southern Nevada mill is being rushed
to early completion and Ii Is hoped
that before spring the plant will be
treating Phoebe ores.
A large amount of assessment work
is being done on mining claims in the
Phoebe district. 1t is evident that few
unpatented claims of value will be per-
mitted to change ownership this year.
Tintic Standards ore shipments for
November totaled 1S1 carloads, which
is record-breaking tonnage for the
mine The heaviest shipments for any
previous month was $50 carloads for
| October
Nevada Consolidated reported net
| operating loss for the last quarter of
| $434, 403, deficit for the quarters
operations after payment of dividends
of $5S3.043 and per pound cost OF
| 16.045 cents.
With the installation of an air COM
pressor and power drills rapid progress
Is being made in. the 1O,000-foot tunnel
which the United Comstock Mines COM
pany is driving from the American flat
to open the Gold Hill mines.
Last week Tintic Standard led the
shippers of Tintic district with Il total
of 62 carloads. Chief Consolidated,
| with 40 carloads, was second, and
Mammoth, with 20 carloads, third. A
total of 1897 carloads were sent from
the district.
Ray Consolidated for last quarter
reported an operating loss of $113,519
and deficit of $445,443 from opera
tons after the payment of the quarter
ly dividend. This property had a per
pound cost of 15.47 cents during the
third quarter.
Production figures of the Utah fields
for 1920 thus far show that the Utah
mines will have mined more coal this
year than in any previous period, and
the coal operators are unit in saying
that 1921 is bound to bring even great
er development.
AS result Of the granting Of a new
freight rate over the Nevada Northern
railway on shipments to Salt Lake
shelters Of ore not to exceed In value
$15 per ton, operations were resumed
|
ing to the Ely Daily Times.
The Arrowhead Mines company is
equipping its property with steel gal
lows-frame and splendid new forty
horsepower hoist. This new equip
ment will greatly facilitate the mining
operations and the work is being
rushed with all possible haste.
1t is generally understood that there
, will be some relief for the lead pro-
ducers Of this country when the tariff
laws are revised early in the coming
spring. In the meantime the mines
, Of Tintic, most of which are heavy pro
ducers of lead. will suffer greatly.
Action of directors of the Utah Cop
per company and the Ray Consolidated
! Copper company last week in declar
ing regular dividends of $15O and q
cents per share on the respective
stocks of these companies came as ;
decided surprise to followers of meta
markets.
The report of the Utah Copper com
pany for the third quarter of 1871
states that the per pound cost of pro
ducing the metal was 17.156 cents "a
compared with 1867 cents for TIL
preceding quarter. This cost of L
cents per pound is at least ceat
above the present price Of the metal.
Splendid results tina: have FOLLOWED
development of the Lucky Hill prop
erty of the Candelaria Mines compan.
1 have determined the company to com
= mcnce construction of reduction
works early In 1!)2l, says the Nevad'
4 Mining Press. In this mine over 40
: 900 tons Of ore have been developed II
, the past few months.
= The mine manager is highly please
with the progress which is being mad
In sinking the main working shaft a
the North Standard, Tintic district, an
he Is also confident that oye of con
mercial grade will be found either /
sinking or soon after drifting is take
up ON the 1000 level. which is tn
present objective point for the shaft.
Charles u. Kaeding, consulting Ell
gneer for the Simon Silver-Lead con
pany at Nina. New, visited the prof.
erty recently. when the decision Wa
reached To defer further opening {
the seventh level until the time, prol
ably about three months hence. whe
an increased force OF miners will b.
gin breaking ore for the mill now bein
built.
& Coal washing commands the though
n full attention of steadily increasin
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