Show MINES AND MINING eastern papers are predicting that the american smelting and company in june will either out down 01 do away with the dividend on the common stock on account of small profits from boston comes the report that the utah copper company is now mak ing copper at the rate of 3 pounds per month at a cost of 8 cents per pound after deducting the en pease from the mine to the market oil is advancing all the time ana ore in a position to know declares thit the demand this year is going to be 15 barrels in excess of the supply unless some extensive new fields are discovered and developed an air compressor compre is now busy at the hub anine neap millord while development work is being vigorously prosecuted there Is now over eighty tons of ore on the dump at the hub which Is valued at between and 00 per ton the activity for the current season with the lost packer mining corn pany of idaho has already commenced during the season of 1907 the lost P acker company cleared a total of from not over a thirty days run of its new smelter bince the un watering of the ontario dibin tunnel there has been an un usual demand for the stock of that celebrated park city property but it seems that there Is little stock to be found in the open market the holders evidently looking for better results in the way of production than in the past work Is progressing rapidly in craning out the caved portion of the drift between nos 2 and 3 shafts on the 1 toot level of the ontario at park city and it will be only a short time until the draining of the mine Is complete and work resumed in the ground that has been flooded tor so long the annual report of the anaconda copper mining company for the year 1907 submitted to the stockholders meeting at anaconda mont last week shows that owing to the restriction of the output and the close down of the mine the profits wera less than the year before being 3 samuel newhouse who recently made a trip of inspection to his properties 1 anthe pioche district declares 1 e never had the least conception a to the value of the properties he had acquired upon the recommendation ot others until this visit and that he was simply bewildered with what h 1 ad seen the camp of gold circle nevada 1 unique for a region by virtue of the presence of an abundance ol 01 water for mining and milling pup poses usually the lack of water 1 one ot the most serious obstacles tc over ome in putting a nevada cams on its feet so that it may become a dividend payer A new smelting combination was or last week for the purpose ol 01 operating in the utah field the new company which will be known as the independent smelting company Is backed by utah capital and has sa cured a lease on the plant at ogden which has already proven to be a great success fluence is a new section about fourteen miles from on the east side of the bare mountain range c nd almost directly south of beatty i this particular section has been known as a mineralized country for about three years but it is only recently that there has been any excitement ever the discovery E chopin gard a mining promote with offices in denver has been in dieted by the federal grand jury on the charge of using the malls in aup therance of schemes to defraud he Is alleged to have sent out alluring literature about properties in south ern utah which government inspect tors claim did not justify his advertis ing claims excitement avei the oil fields dis covered near bluff city utah contin ies to run high in that section of the country latest news from the scene oi operations tells of a buher just d sc the output of which is es timatea at between and bar ids a day oil men are begian ng to investigate the virgin oil field a num ber of prospective investors having recently made a visit to the district and are now looking into the matter of transportation in case big wells are discovered the virgin d strict is on the eve of a boom the property of the cl ff mining company at ophir ts showing up in a most encouraging manner the aver age width of the ve n is aid to be five feet of ore of shipping grade several cars of which are to be forwarded to the valley smelters dur ing the present week the nevada douglas at yerington has by encountering the same body at rich sulphides sulp hides on the toot level lidded another hundred feet of backs to the generous available cea developed and the owners are feeling very good over the present appeal nce of the property on the bull run property in the aebly discovered bull valley district f utah all of the ore being sacked is high grade running from 3 ta 30 in gold to the ton there does abot seem to be any low grade dincov ries in the district all of the rock aund being phenomenally rich the daly judge mining company of park city has according to the re submitted to the stockholders meeting held recently distributed in dividends during the past year the company is at present allm biting the output of the mines owing to the low prices of lead and silver A proposed reduction ot the freight rates on ore shipments to the salt lake smelters was discussed at a meeting of freight agents held in salt lake last week it Is believed that as ft result it the meeting some changes will be made which will greatly bene fit the mining interests of nevada gold circle nevada is a low grade camp the ore that has been up to the present time running between 8 and 25 to the toa but those who have gone into the district are confident that deep mining will show an increase in values and are abot discouraged at the grade of ore |