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Show was THE CITIZEN the!) And Oil Review Weekly Mine hoJ tchei EUREKA hill sensj mine TO REOPEN SOON Lessees will work in the Eureka Hill urit jine within the next week or ten days, property now being a part of the hief Consolidated companys hold-ugWhen the transfer took place s. Eureka Hill was inactive and had ,een for a number of years and the ;hief people have done quite a lot of ireliminary work, including the instal-itio- n of a hoisting plant, the laying an air line from their central com-liz, lressor plant ana the retimbering of t. Much of this work has itid iow been completed but some time anj be required to reopen the various mi rill erels down to the 900. The work of retimbering the shaft o the 800 level of the mine was competed last Monday, this job having time jeen handled in jy the Walter Fitch, Jr. Contracting Ainpany. From the office of the company it is learned that the no twen-o;iece of work was completed in and days during which l01 jme the shaft was retimbered through-ieJ,- i lout from the surface to .the 800 and Ijuring that period Mr. Fitchs crew eve IjIso put in guides in one compartment, lined the man-waand installed ladders and landings at intervals of Jjelve feet. Without a doubt a new ecord has been established in the of an old mine shaft. Eurlie bad, will no longer handicap opera tions. The drift is 100 feet long. The southeast drift on the tunnel level near the No. 3 raise is still in the breecia. Its objective is the porphyry dike which denotes the strike of the ore bedding from the No. 3 raise westerly. Notwithstanding heavy snowstorms in Big Cottonwood canyon the company has succeeded in getting practically all its winter supplies to the mine- - el j con-jactin- ng eka Record. METAL MINES WILL GET CHEAPER INSURANCE The mining operations of Utah will saved approximately $50,000 a year las a result of the reduced rates for (rorkmens compensation insurance adopted by the state industrial (commission. These new rates are on the first of the coming year (and mean a reduction of $1.13 per The rate 100 pay roll per month. per month how being charged is land the new rate will be $3.69. made The reduction is the second workmens compensation law since Ibe ly ef-(iecti- ve 2 the effect, the original rates (saving been placed at a rather high new law could point in order that the The lower rate is now be tried out. fixed after very careful investigation went into to which showed that it is possible with (carry on the business profitably for excessive price charging such an the insurance. ALTA TUNNEL. It is expected by Manager Bodfish the Alta Tunnel Transportation company will be breaking ore before the men leave the mine to spend A survey Christmas in the valley. chows that the drift run west on the level from the Christmas raise to cheapen the handling of the ore is now even with the top of the stope, but a few feet to the left of it. A Gradual turn is being made to bring It into the vein. When the connection Is made the air, which has been rather that 200-fo- ot & I ELD. A. L. Raplee, y I LF b 1 (out 1 g one-thir-d re-Icent- 0 SAN JUAN Santa Claus has arrived in the San Juan a little ahead of time and presented Utah with an oil well capable, it is estimated, of supply at the least 300 barrels of high grade oil daily. The news came in two telegrams received by Perry A. Clark, manager of record-breakin- g $4-8- HOW NEW TARIFF LAW PROTECTS LEAD MINERS The silver to be bought will cost $67,248,424 at the fixed price of $1 an An object lesson in the tariff and its relation to the lead mining indus- ounce. About $64,000,000 of that sum we are to receive from Great Britain. Only about $3,250,000 of American money must be put up to pay for the i anity, an uTAH 11 the Monumental Oil company, from vice-preside- nt and gen- eral manager of the Mexican Hat Oil company. Dave just phoned me, said the first wire, dated at Bluff City on the 15th, that he had oil standing up in the well 300 feet. Dave refers to D. R. Miller who, with J. E. Doyle, is sinking the Mexican Hat test well under contract. The second wire said: Dave pumped the well and it is o- - k. In pumping he was unable to lower the oil in the well. Oil keeps raising. Mr. Clark states that the Mexican Hat well is probably between 500 and 600 feet deep and in the Areola sand. As a bailer could take out 300 barrels a day and Miller has been unable to lower the oil by pumping it would appear that the well will yield at a minimum 300 barrels. At this rate it can furnish fuel oil for all the rigs in the field. The oil from the sand indicated tests from 38 to 40 degrees Baume and has a paraffin base. The well is in the Goodridge basin on the east limb of the Mitten Butte anticline a short distance north of the San Juan river. The Mexican Hat company is largely 'owned in California. Mrs. Bertha Thomas of San Jose took the field personally after the death of her husband and superintended earlier try is contained in a letter received by Ravenel Macbeth, secretary of the Idaho Mining association, from J. Hohn, chief of the division of statistics, department of commerce. The letter gives the following figures covering the importation of type metal during the month of September, the last month of the Underwood tariff: Lead Gross Value Weight Content Dollars From Lbs Lbs Mexico 3,361,715 124,320 7,553,451 5,014,690 165,760 8, 690, 440 " 1-- CANADIAN GOLD MINE IS LARGEST PRODUCER The question as to the world's largest gold mine is probably settled- - With seven weekly periods remaining in the year, the Hollinger Consolidated Gold Mines company of Ontario, Canada, reports profits to November 11, amountThis was the ing to $4,850,904.64. operating profit and exclusive of special revenue. If the weekly rate of continues to the end of operations. In the opinion of Mr. Clark, this discovery is confirmatory of the conviction of Emrick and other oil geologists that the Monumental will be a big producer. It is on the same anticline as the Mexican Hat about ten miles southwest. Although its well is deeper than the Mexican Hat, it started at a much higher elevation and has not yet gone below the bottom of the canyon as has the Hat It has shut down work until after Christmas to permit the CTew to spend the holidays There is $52,210,000 net profit to the U. S. treasury on the balance of the and transactions silver under the present Pittman act, from and after Nov. 15, 1922, says the Financial Review. The remaining silver to be bought The Mexican Hat company, it is assumed, will immediately begin drilling other and deeper wells in the vicinity. The contractors are using a No. 28 Star drilling machine. amounts to 67,248,124 fine ounces. That amount of silver is coinable into standard silver dollars. The treasury retains those dollars, and issues instead silver certificates redeemable on demand for the silver dollars. at home. inter-allie- 9. $144,593 5,278 Scotland 270,152 England It is evident on the face of it that there is no market for these large importations of type metal in this country, and some other reason must be sought for the shipment. Type metal is composed of lead and antimony at the ratio of about 2 to 1. It also sometimes contains a little tin, nickel or copper, but lead and antimony are the main constituents. Under the Underwood law the tariff on type metal was 15 per cent ad valorem, on lead 25 per cent, and on antimony 10 per cent. The supposition is that most of this type metal is separated into its component parts upon arrival in this country and the lead and antimony placed on the market, thus making a substantial saving in the cost laid down here by escaping the tariff on the individual metals. The main purpose of the importers was doubtless to deliver the metal before the Ford-ne- y tariff became operative, which, as pointed out by Mr. Macbeth, will effectually stop this tariff evasion. The new tariff law now in effect places a specific duty of 2 8 cents per pound on lead as bullion or contained in type metal or other similar combinations. silver. Payments by Great Britain, with Interest, are being regularly made. They will continue until May, 1925. These payments have nothing to d do with war debts. In point of fact, India, the real purchaser of the silver, paid promptly when the silver was delivered 1918-1There seems $83,710,000 profit between the $86,960,000 of silver certificates still issuable from the silver yet to be purchased and coined and the $3,250,000 of the cost price of the silver bullion, which evolves on the treasury apart from the cost price contributed by England. However, certain debts have to be paid out of the proceeds debts owing by the United States " Pitttreasury in the form of man act certificates of indebtedness. And about $31,500,000 remain in the so-call- ed federal reserve as of Nov. 15, 1922, out of an original issue of $259,375,000. MINING NOTES. A report on ed the Queen Esther, locat- at the head of Deer Valley which appeared in the last issue of the Park Record, states that the mine management has recently completed a new shaft house, 18 by 40 feet in size, and has equipped it with a gasoline hoist, of sufficient capacity to sink to 500 feet. In addition the mine is now said to be equipped with everything necessary to prosecute development work during the winter. Four men are employed. The shaft is now down sev- enty feet. Late word fiom the King Coalition, through Harry Lee, assistant manager, indicates that the mine is coming back to the producer class in the not distant future. Conditions and indications are reported most favorable. That there is a wonderful production period ahead of the east section of the Park district, is the belief of many prominent mining men. Recent init is despection of the Park-Utaclared, revealed that the mine now has more ore reserves than ever before in its short history. Indications are that such ore reserves will increase with further development. h, profit-winnin- g the "ear, the grand total operating profit will be approximately $5,750,000. GOVERNMENT MAKES GAIN IN PURCHASE OF SILVER. $89,-960,0- 00 An indication of increased activity and greater production at the Ontario, is the contemplated installation of one of the latest type electric hoists, estimated to cost in the neighborhood of $75,000. This new machinery will displace the present equipment which was built for lighter load capacity. Because of this new installation the. 0 voltage now furnished the Ontario mine will be stepped up to 44,000, and immense new transformers are being set in place to care for this additional electrical current. This new installation has given rise to the rumor that possibly the continuation of the famous old Ontario vein, which produced millions, has been uncovered. 11,-00- i i |