The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1921-03-04
AROUND THE MINES

ing OF the big shaft.
Survey Of 100000 acres Of m,r.szi
lands owned by tie Canadian Pacific
Railway company on Vancouver island
is To be started soon.
More than sixty applications for
leases 10 prospect for oil on govern
ment land were filed February % in
the Salt Lake land office.
A tract of 100 acres of land in the
Frenchtown valley. in Montana. has
been purchased by Missoula men for
$4,000 and is to be tested for oil.
Rufus Sherwood. a well known min.
ing man of the Pine Creek section. in
Idaho. is of the opinion that marked
Increase of development work on mines
in thar district will. be seen in the
early spring.
The administration measures plac.
ing tax of Y per cent on net pro.
ceeds of metal mines, and defining net
proceeds and defining net proceeds,
now before the Montana legislature,
will probably be approved.
'Nthuy TWO more wells Wer1
spudded in, in the Fallon, New. field
making three new wells since the first
OF the year, with another, a rig on fhe
ground. to be drilling within a week.
lrl Slary, one of the leasers in the
old workings of the Gold Hunter mine.
near Pocatello, Idaho, states that he
has started small force of men on
preliminary work around his mine
and also that in few weeks he will
be sacking ore
Reports from the Cracker Jack lease
on the Florence Indicate that the ore
BODY opened recently at a depth of
900 feet in the hanging wall of the Lit
tie Florence east vein is rapidly de-
vefoping into second Florence Divide
shoot says the Goldfield Tribune.
Numerous shareholders of the por-
phyry copper companies will be af-
fected by provisions of section 30 of
the revenue act Of 1918, which pro.
vldes that dividends paid out of earn.
ings are subject to income tax. while
those paid out by capital distribution
are not taxable
Orders to close the big calcinins
plant at Death Valley Junction, New,
nave been received from Headquarters
In New York. The mill suspended as
soon as the raw product in process
was treated This will complete the
proStration of the borax industry
which made the valley famous through.
out the world.
The Candelaria Silver Mines con-,
pany. subsidiary of the Information
al Nickel company, Will begin mill con,
struction by the first of April at the
ola camp at Candelaria, New. The min
WIFI nave a capacity of 100 tons daily
and bring about regeneration of tha
famous camp.
Articles We're filed last week with
the secretary of state of Utah, incor.
porating the Rocky Mountain Oil &
refining company The company IA
capitalized for $4,000. The COMPANY
has extensive holdings on the San
Rafael swell and in the Big Piney
field and the Fossil fields of Wyo.
ming.
The way of the copper stakeholder Is
fard, says the Boston News Bureau
Producers have found the odds heavily
against them since November, 1918,
when the war theoretically ended. A
huge outpouring of copper induced by
war demands piled up huge surplus
ana postwar consumption has failed
to reduce it.
Il look forward to the wear 1921
pelng far more profitable in the copper
industry in general than has been the
case in the past few wears" was the
statement made recently by Ernest
Miehot, world famous copper engi.
neer and representative of the French
Rothschilds group, according to the
San Francisco Chronicle.
W. f. Brodie, who recently secured
a lease on the Stag dumps of the two
ola Phoebe smelters, shipped the in
ftlal car to the American Smelling &
REFINING company at Salt Lake CITY
last week, and further shipments will
be made on the completion of the SPUR
track from the main line of the Salt
Lake Route to the big lower dump.
Production of the Emerald Oil com.
pany, Vernal, Utah, corporation. for
the year 1920 totaled 14,645 barrels
The entire production is handled by
the Raven Oil & Refining company of
California, which contracted for the
output two years ago, with minimum
OF $4,000 barrels year. Last years
production of gasoline ana Kerosene
was all marketed in the Uintah basin
The bonanza deposit recently opened
up In the Sunshine Silver Mining com.
pany's property. situated in the Clark
mountain district, about twenty five
miles from Gina, Cal, on the Salt
Lake Route railroad, is not only be.
coming richer with depth, but more ex
tensive as wen.
Brisk activity is reported from the
territory south and southeast of Vir
gina City, New, district, including the
Silver CITY. Gold Hill North c,rso,