Show MINES AND MINING Eastern papers are predicting that tho American Smelting and Kenning I company In June will either cut down or do away with the dividend on the common stock on account ot small l profits From Boston comes tho report that tho Utah Copper company Is now making mak-ing copper at the rate ot 3250000 pounds per month at a cost of 8Yi cents per pound after deducting tho expense from tho mlno to the market 011 Is advancing all the time ana ono In a position to know declares that tho demand this year Is going to bo 15000000 barrels In excess of tho I Supply unless some extensive now fields are discovered and developed An air compressor Is now busy at tho Hub mine near Milford while development de-velopment work Is being vigorously prosecuted Thero Is now over eighty tons of oro on the dump at tho Hub which Is valued at between loo and 300 per ton Tho activity for the current season with the Lost Packer Mining company com-pany of Idaho has already commenced During tho season of 1907 tho Lost Packer company cleared a total of UOOOOO from not over u thirty days run of Its new smelter Since tho unwntcrlng of the Ontario drain tunnel there has been an unusual un-usual demand for tho stock of that celebrated Park City property but It seems that there Is little stock to bo found In tho open market the holders evidently looking for better results In the way of production than In the I pastWork I Work Is progressing rapidly In cleaning out tho caved portion of the Irlft between Nos 2 and 3 shafts on ho 1500foot level of the Ontario nt Park City and it will be only a short time until tho draining ot tho mine Is complete and work resumed In tho ground that has been flooded for so long The annual report of the Anaconda Copper Mining company for the year 1907 submitted to tho stockholders meeting at Anaconda Mont last week shows that owing to the restriction re-striction of the output and the closedown close-down of the mine the profits worn less than the year before being 3 378220 Samuel Newhouse who recently made a trip of Inspection to his properties prop-erties I ntho Phoebe district declares ho never had the least conception as to the value of the properties ho had acquired upon the recommendation ol others until this visit and that ho was simply bewildered with what he had seen Tho camp of Gold Circle Nevada Is unique for a Nevada region by virtue of the presence ot an abundance 01 water for mining and milling purposes pur-poses Usually the lack of water Is one ot tho most serious obstacles to overcome In putting a Nevada camp on Its feet so that it may become a dividend payer A new smelting combination was organized or-ganized last week for the purpose 01 operating In the Utah field The net company whIch will be known as th Independent Smelting company h 1 hacked by Utah capital and has so cured a lease on the plant at Ogden which has already proven to be a great success Fluerlne is a new section about fourteen miles from Rhyollte on the cast side of the Dare mountain range I end almost directly south of Berrtty This particular section has been known as a mineralized country for obout three years but it is only recently re-cently that thero has been any excitement excite-ment over the discovery E Chopin Gard a mining promote with offices In Denver has been Inducted In-ducted by the federal grand Jury J on the charge or using the mails m cur therance of schemes to defraud HIs H-Is alleged to have sent out alluring literature about properties In southern south-ern Utah which government inspectors Inspec-tors claim did not Justify his advertising advertis-ing claims Excitement over the oil fields discovered dis-covered near Bluff City Utah contln ues to run high In that section of the country Latest news from the scene of operations tells of a gusher just discovered the output of which is estimated es-timated at between COO and 700 barrels bar-rels a day California oil men are beginning to Investigate the Virgin oil field a awn bor of prospective Investors having recently made a visit to the district and are now looking into the matter 9f transportation In case big wells are discovered The Virgin district is on the eve of a boom The property of the Cliff lining company at Ophir is showing tip in a most encouraging manner Tho average aver-age width of tho vein is said to bo twentyfive feet of ore of shipping grade several cars of which are to bo forwarded to the valley smelters during dur-ing the present week The Nevada Douglas at Yerlngton has by encountering the same body GoOfoot level I of rich sulphides on the added another hundred feet of backs to the generous available resources developed and the owners are feeling very good over the present appearance appear-ance of tho property On the Bull Hun property in tho newly discovered Hull valley district of Utah all of the ore being sacked Is high grade running from 3000 to 30000 In gold to the ton There does not seem to bo any low grade dlscov cries sin tho district all of the rock found being phenomenally rich of Tho Daly Judge Mining company Park City has according to the 10 port submitted to the stockholders meeting held recently distributed 221 850 In dividends during the past yearBu The company is at present limiting lim-iting tho output of the mines owing to low prices and silver the low prices of lead |