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Show MINES AND MINING Ex-Senator W. A. Clark, of Mont., la examining some coal properties In Colorado with a low to purchase Seven big producing mines of tho Goenr d'Alcncs slnco January 1, 1907, havo paid in dividends a total of $1,-597,500. $1,-597,500. The Tucker Mining and Milling company of Wallaco, Idaho, has been Incorporated, the capital stock being 11,000,000. Tho mill at tho Dewey mine In Thunder mountain, Idaho, Is to bo startod at onco and kept in operation all summer. It will furnish employment em-ployment to forty-flvo men. Tho National Copper bank of New York expects to open business May 1, with deposits of about $20,000,000. Elaborato offices aro now being fitted up in tho Trinity building, 11 Broadway. Broad-way. "A few years ago you could not pull money into Nevada with a sixteen-horso sixteen-horso team, but today you can not keep capital out with a galling gun," is tho way a prominent mining man expresses It. A spoonful of ore taken from the recent strlko In tho Ramsey vComstock melted over a forgo ylolds buttons- of gold and copper that can bo hammered out on an anvil, bored and worn as a watch charm. Dividends of copper companies for tho first quarter this year aro record breaking, tho total for twenty-flvo concerns have, slnco jthelr incorporation, incorpora-tion, paid in dividends tho vast total Of $349,739,183. The town of Rosebud Is enjoying ono of thoso characteristic Nevada townslto booms. An Inside lot that sold tho first of tho year for $G0 now has passed hands at $1,500, and so on down tho lino. During tho month of March between 23,000 and 24,000 tons ot oro wero treated nt the milling plant of. tho Nowhouse Mines & Smelters company, while 550 tons of first classjorc was sent direct to tho smelters. AH men havo been withdrawn from the underground workings in tho Homestake mine, at Lead S. D., in consequence of the presence of carbon dioxide gas, caused by tho fire which has been burning in the mine for tho past two weeks. t ' Whllo it Is not known Just how extensively ex-tensively tho Standard Oil company has Invested its millions in tho gold Holds ot Nevada, that this great corporation cor-poration 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 weeks of prcpartlon, the Ely mining and stock exchange opened Its doors on April 1. Tho pit was fairly well crowded with membars of tho exchange ex-change and considerable business was transacted. Only local stocks wero traded In, but negotiations aro on foot to post Goldfleld stock on this exchange. ex-change. Rosebud will not have trouble over the wago scalo for miners. Notwithstanding Notwith-standing a few unreliable reports which havo been sent out to tho" effect that the miners of this camp had mado demands which the operators would not agree to, there Is entire harmony botweon tho operators and tho miners. Tho annual report of the Utah Consolidated Con-solidated Mining company for tho year ended December 31, 190C, shows net profits for tho year of $2,835,009, against $1,887,385 in tho previous yenr. This is equivalent to $9.45 per Bhare, against $0.29 a share in 190G. A total. to-tal. In dlvdonds of $1,G50,000, or $5.50 a share, was declared. Tho American Smelting and Refining Refin-ing company will closo Its fiscal yenr April 30, nnd it Is stnted horo that not earnings will run close to $15,000,-000, $15,000,-000, Including tho equity In tho earnings earn-ings of subsidiary or controlled companies. com-panies. Tho statement mny this year show tho profits dorlvcd from tho snlo of United Lend company stock. At tho mooting of tho stockholders ot tho Sullivan Trust company in Goldfleld, thcro was submitted and ratified tho agreement of settlement with San Francisco brokors. Tho ngreemont provides tlint out of tho receipts of tho compnny 40 per cent shall bo paid to brokers' crodltors, 40 per cent to tho Stnto Bank and Trust company and 20 per cent to bo ro-tallied ro-tallied by tho Sullivan Trust com pany. Tho Yerlngton Nipper compnny has purchased a flfty-horso powor gaso-lino gaso-lino englno nnd It will bo sent to tho proporty at Yerlngton nt onco. Tho company Is planning to begin a deep shaft In addition to tho tunnol work now under way. A rich strlko of oro has been mado In tho Bur mlno at Lewlston, Wyo., a sample lot weighing 150 pounds, and valued at $500, being sent to tho ownor of tho mlno, C. A. Kltzmlllor, at Denvor. Tho oro now In sight will run from $3,000 to $5,000 a ton. In the Round Mountain Combination company's property at Round Mountain, Moun-tain, . Nuvnda,' a flvo-luch streak of oro Is reported cut at a depth of forty feet that assays, $511 In gold, tho streak mulling lu a great mass al ore containing lino milling value. |
