| Show wpm MINES AND MINING excenator ex senator ft A dark clark of mont Is examining some coal properties in colorado with a view to purchase seven big producing mines of the coeur calenes since january 1 1907 have paid in dividends a total of 1 the tucker mining and milling company of wallace idaho has been incorporated the capital stock being 1 the mill at the dewey mine in thunder mountain idaho Is to be started at once and I 1 ept in operation all summer it will furnish em ern to forty five men the national copper bank of ne new w york expects to open business may I 1 with deposits of about elaborate offices are now being fitted up in the trinity building 11 broad way A few years ago you could not pull money into nevada with a sixteen horse team but today you can not keep capital out with a gatling gun Is the way a prominent pro t mining man expresses it A spoonful of ore taken from the recent strike in the ramsey comstock melted over a forge yields buttons of gold and copper that can be hammered out on an anvil bored and worn as a watch charm dividends of copper companies for the first quarter this year are record breaking the total tor for twenty five concerns have since rince their in corpora tion paid in dividends the vast total of the town of rosebud is enjoying one of those characteristic nevada townsite te boom an inside lot that sold the first of the year for 50 now has passed hands at 1500 1 and so on down the line during the month of march between 23 and 24 tons of ore were treated at the milling plant of the newhouse mines smelters company while tons of first class ore was sent direct to the smelters all men have been withdrawn from he underground workings in the homestake Home stake mine at lead S D in consequence of the presence of carbon dioxide gas caused by the fire which has hs been burning in the mine for the past two weeks while it Is not known just how ex ten the standard oil company has invested its millions in the gold fields of nevada that this great cor po horation por atlon ration has made several purchases and that considerable money is now being spent in exploration work is an open secret all through nevada and utah after weel s of preparation pre the ely mining and stock exchange opened its doors on april 1 the pit was fairly well crowded with members of the ex change and considerable business was transacted only local stocks were traded in but negotiations are on foot to post goldfield stool stoel on this ex change rosebud will not have trouble over the wage scale tor for miners standing a few unreliable reports which have been sent out to the effect that the in ners of this camp had made demands which the operators would not agree to there Is entire harmony between the opera operators tots and the miners the annual report of the utah con soll soli dated mining company for the year ended december 31 1906 shows net profits for the year of 2 against 1887 1 in the previous year this Is equivalent to 9 45 per share against 6 29 a share in 1905 A to tal in dividends of 1 or 5 60 50 a share was declared the american smelting and drefin tag ing compan will N ill close its fiscal year april 30 and it is stated here that net earnings will run close to 15 including the ty in the earn ings of subsidiary or controlled corn com canles the statement may thia this year show the profits derived from the sale of united lead company stoel at the meeting of the stockholders of the sullivan trust company in goldfield there nas as submitted and ratified the agreement of settlement with san francisco brokers the agreement provides that out of the receipts of the company 40 per cent shall be paid to brokers creditors 40 per cent to the state bank and trust company and 20 per cent to be re tallied by thai sullivan trust corn pany the yerington N company has purchased a fifty horse power gaso line engino engin and it will be sent to the property at yerington at once the company Is planning to begin a deep shaft in addition to the tunnel work now under way A rich strike of ore has been made in the bur mine at lewiston wyo a sample lot weighing pounds and valued at being sent to the owner of the mine C A kitzmiller at denver deliver the ore now in sight will run from 1 to 5 a ton in the hound round mountain combination company s property at round moun tain nevada a five inch str ak of 0 ore Is reported cut at a depth of forty feet that assays in gold the streak making in a great mass 1 ore containing fine milling vai vi iea leg |
