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Show MINES AND MINING Nowhonse Mines & Smelters (Cactus) (Cac-tus) is to bo listed at ouce on the London exchange. Work Is to be started nt once at tho Twentieth Century mine, Jn the Black Hornet district of Idaho. The employes of the Newhouse mines and Smelters, of Beaver county, coun-ty, have been given a voluntary Increase In-crease of 25 cents per day. With a capital stock of $500,000, a company Is In course of formation In Ogden to take over tho Slerrn Mad re mining property, thirteen tulles north of that city. The production of gold and nilvei throughout tho entire world for 1905 Is computed by the director of the mint to have been $37U,2S9,200 In gold and ir7,3:i9,;!G2 ounces In silver. The dliector of the mint says that Nevada will show for 1900 a much larger larg-er gain In both gold nnd stiver, and that the state will likely make a contest con-test for first place us a producer of the precious metals. Final payment on the Banner group at Stiver City, Idaho, recently sold for $45,000, was made last week. The new owners nro developing the property prop-erty with a cross-cut tunnel which has been driven 1,100 feet. A prominent Utah raining man, after aft-er a visit to the Balaklala, In California, Califor-nia, says: "It Is the biggest copper mine 1 ever visited and I predict that within twelve months there will be three million tons In sight" The Utah Smelting company has succeeded In breaking Into the Tin-tic Tin-tic mining district. It has secured a contract with the AJax Mining company, com-pany, which provides that Its ores will be shipped to the Ogden smelters, A force of 45 men Is being worked at the Hall road group of mines In tho Heath district. In Idaho. Somo $9,200 has been expended In building a road to tho mine. This Is now completed com-pleted and freighters can go to work as soon as they are ready. The Black Hornet dlBtrlct, in Idaho, is likely to be the scene of great activity ac-tivity during the coming year. Development, Devel-opment, has been struggling along there In rather slow way, pushed by men who know something ot the possibilities pos-sibilities of that section and hnve perfect per-fect confidence In tbc ledgcB that havo been found. The Uintah Mineral Wax Company, of Colton, Utah, owns the only extensive ex-tensive deposits of ozokerite' in America, Ameri-ca, nnd Is producing two tons and a half a day of the product, which Is used extensively in certain manufacturing manufac-turing branches as a substitute for bosawax. An offer of $600,000 for the mine lias been refused. It Is figured thnt for the year to end with December the Utah Consolidated company will earn 14 Mi cents per pound upon a production of about II,-000,000 II,-000,000 pounds of copper, crediting gold and Bllvor values against copper costs, says an eastern Journal. This figures profits of $2,755,000 for tho year, equal to earnings of $9.18 per share. Al Montgomery, of Van Wyck, Ida., discovered a promising prospect last week as the result of a windstorm uprooting up-rooting a tree, gold being revealed almost on the surfnee of tho ground. Assays show a $7 value In gold, and thero Is also silver and lead.- With Bona Vhltely, a Van Wyck hotel man, Montgomery has staked out the claim and will work It at once. lue Nevada Hills company, of Goldflold, Gold-flold, Nevada, last week posted an Initial dividend of ten cents a share on Its Issued and outstanding capital stock, which amounts to 750,000 shares. Tho property of tho Nevada Hills company was absolutely unknown un-known on the 13th day of last March, when It was purchased by John T. Hodson, of Salt Lake City, A, O. torbott, manager of the new Ely, Nevndu, Townslto company, Insi week sold In tho neighborhood of $100,000 worth of dirt lu Kly City." Mr. Carbott declares that nothing can stop Ely from holding n population of 50,000 iKioplo In ten years. Ho do-clares do-clares that there will bu throo or font smoltlng plants lit operation within tho next three or four yenrB. Tho director of tho mint has Issued n utatemont of production of gold nnd silver in tho United States for tho year 1905, which shows that the total production pro-duction was 4,205,742 ounces of gold, and tho commercial value of tho silver produced was $34,221,976, Tho most Important changes In gold production nro shown by Alaska, which ndvnnces front $9,100,600 In 1904 to $14,925,G00 In 1905, Colorndo shows an Increase from $24,385,800 In 1904 to $25,701,100 In 1905, duo to froedom from labor troubles, Nevada shows a gain from $1,307,800 In 1904 to $6,359,100 In 1905, and a gain lit silver from 2.G95.100 to 5,808,500 In fine ounces . Tho production produc-tion In Utnh wns ovor $6,000,000 In gold and 10,000,000 ounces or sllvor. Trnppor Flat Gold .Mining company, operating on tho West mountain In Idaho, recently mndo a good strike In now ground. They wero driving u tunnel nnd were In about six feet when they struck a ledge whero gold predominated. pre-dominated. Assays show a gold value or $22, Tho average value of silver during' the year 1905 In New York, based on London prices, converted at tho cur ront rates of exchange, was 01 cents per lino ounce, which ntav bo compared com-pared with 58 cents fur 1904, 64 cents for 1903 nnd 62 ctniH for 1902, the lowest year's price on i coord. |
