OCR Text |
Show MINES AND MINING . Water lias boon renched In tho Zack shaft of tho Ely Con. at Ely, Nevada, at a depth of 405 feet. Tho mining outlook for Halloy and vicinity Is brighter this spring than it hos been before In flfteoh years. A membership on tho Salt Lako Mining exchnngo sold last week for $800, tho highest prlco for sovoral years. Tho averago prlco of olcctrolytlo copper as figured by tho Engineering nnd Mining Journal for 190C was 19. 278, whllo Lako nvorogod 19.C16 cents. Regular -shipments aro being raado from tho Croesus, at Halloy, Idaho, and it Is estlmnted that thcro Is ovor $1,000,000 of hlgh grada ore in sight. A bid of 25 cents was mado and refused In Boston ono day last wcolt for several million pounds of coppor deliveries extending over two or throo months. Hclnzc, tho Montana plunger, ro-contly ro-contly paid $200,000 for tho Gold Hill mine, in Deep Creek, and is preparing to erect an Immenso reduction plant for tho property. Thero is qulto a boom in tho location loca-tion of mining claims along tho Birch creek and Lost River ranges, in Idaho, Ida-ho, and somo very promising discoveries discov-eries aro being mado. Tho closing down of tho mill at tho Honorlno, of Stockton, as a result of tho accident to tho big engine, will not affect operations at tho mlno. That will bo kept running full handed. Tho Montgomery Shoshone, long horaldcd as tho best mlno in tho Bullfrog Bull-frog district, has again struck rich ore, this tlmo In tho bottom of tho trlpplo compartment working shaft, at a dopth of 440 feet. By purchasing nn extended lino of powerful and up-to-dnto equipment, tho Yorlngton Malachlto Copper company com-pany has taken tho first step towards turning daylight Into tho depth of its Yorlngton possessions. At tho Horscshoo crock coal field, twenty-flvo miles east of St. Anthony In Fremont county, Idaho, Important devolopmonts aro now In progress and tho past wlntor's work has produced somo flattering results. A big coppor strlko has been made on the Joo Mooro shaft, at Dolly Var-den, Var-den, at a depth of 115 feet. The assays as-says havo not been returned, but It la bollovcd that the valuoa are tho highest yet found in tho camp of Ely. During March thoro wero 32,000,000 pounds of coppor cxportod from tho United States at an average prlco of 24.6 cents per pound, or exactly ono cent more than obtained for tho 22,-000,000 22,-000,000 pounds oxported in February. Tho Moscow Mining and Milling company has been organized by prominent prom-inent Utah mining men and capitalists capit-alists to take over tho Burning Mob-cow Mob-cow and addttlonnl territory in tho noted Star District of Beaver county, Utah. The coppor metal market is rising In strength, both as respects tho motal and coppor -stocks. All tho big producers produ-cers aroiholdlng firmly at highest asking ask-ing prices, and all bids of even a fraction frac-tion undor those prices aro turned down. Tho Potosl mlno at Silver City, Idaho, Ida-ho, is showing up woll. Extensive dovolopmont work is bolng dono on thUa property, which Is ono of tho oldest mlno3 in tho camp, but which has been idle tor many years, until recontly. The best news that has como from tho Carrlo Mack proporty of Dugway for many a day was received by tho Salt Lako officials of tho company last woek, and it brought tho word that a strike of very flno proportions had bovn made. Recently tho Tonopah company, of Tonopah, Nevada, paid its regular quarterly dividend of 35 cent a share, aggregating $350,000. It was officially announced that tho next quarterly dividend di-vidend will bo 50 cents a share, or $500,000 in tho aggregate The manager of tho Plttsburg-Sil-ver Peak company's properties at Blair, Novadit, reports that tho mlno Is opoulng up In a manner that already al-ready assures Its being ranked ns tho biggest gold mlno In tho United States. Work on tho now 100-stnmp mill Is bolng pushed ns rapidly as day and night shifts can do tho work. Tho constant draft on tho "economic forco" of tho geological survey mado by tho lnrgo mining organizations which offer tho government exports much largor salaries than thoy got from tho govornniont, Is seriously Impairing Im-pairing tho offlcloncy of that branch of tho servlco, says a report on tho Investigation In-vestigation of motallltorous ores In 100C. Tho recent washouts upon tho Salt Lako road and tho fact that tho road through from Goldflold 1ms only Juut boon complotod has caused San Francisco, Fran-cisco, Salt Lako and Donvor to lor.o to Los Angolos much of tho mining machinery trndo of Bouthorn Nevada. Tho Mohawk mlno of Goldflold on tho first made Its first shlpmont of oro slnco tho reoponlug of tho'mlnos. Tho consignment la of 400 tons and worth $30,000. Tho Consolidated company will soon bo mlnlug tho rich rosorvos on tho Mohnw.'t, Red Top, Combination and Jumbo. |