OCR Text |
Show MINES AND MINING During the month ot Novombor on the Salt Lake mining exchange 1,631,-503 1,631,-503 shares ot stock, with a selling value val-ue of $9,555,935.77, changed hands. Flro In tho Shattuck Arizona mine nt Bisbco, Arizona, hnu already caused $50,000 damage, nnd nil ot the openings open-ings of tho Bhnft havo been bulk-headed bulk-headed In an endeavor to smother tho flames. After many vexatious dolays tho manager of tho Boston Nevada company com-pany has tho old Whitney mill, at Osceloa, Nov., In running ordor, and Is now grinding out fifteen tons of first-class gold oro daily. Recent Salt Lnko advices aro to tho effect that for tho current month the Utah Copper company will report a refined output of approximately 3,000,-000 3,000,-000 pounds,- Bprrircd from the dnlly treatment 3700 tons of ore. On dlrccLmdors from Samuel New-houso New-houso the Cactus mines and milling plant of tho Newhouso Mines & Smelters Smel-ters corporation aro to be operated at capacity again and Superintendent A. D. Moffat Is now marshaling his forces. Out of thrco wolls in tho Virgin flold thnt havo reached tho first stratum, nil thrco havo struck oil. Sovernl other wolls should havo beon to this initial strnum long ago had It not been for mlBfortuno in handling tho equipment. Tho production of both gold and sllvor in Arizona in 1900 was in excess ex-cess of that in 1905, according to tho statistics collected by tho United States Geological survey. The gold production ambunted to $2,904,083, an increase of $105,469. One mining section of Idaho that It not feeling tho present slumpy tendency ten-dency throughout tho country Is the Spring Mountain district of Lemhi county. There aro eight producing mines In tho district, tho ores carrying carry-ing lead and copper. Tho directors of tho Goldfleld Consolidated Con-solidated Mines company, after extended ex-tended discussion of conditions, both local and general, voted to poos the dividend for the current month. This conclusion was tho result mainly ot local labor conditions. That tho new concentrating plant of tho Ohio Copper company, when ready for commission, will Illustrate perfection in tho modern metallurgist's metallur-gist's art is tho opinion ot David Keith, president ot the Silver King Coalition , Minos company. Tho value of tho coal used in the manufacture ot coke in 1900 was $02, 232,524, compared with $50,014,674 in 1905, a considerable dlfforenco In value as compared with quantity. In 1905 tho avcrago valuo por ton was $1.02, and in 1900 It was $1.12. In recent months there has been qulto a falling off In tho Imports ot diamonds produced originally In South Africa, Drazll and elsewhere, and Bold largely through dealers In Great Britain, Holland, Belgium and Frnnce. Reason fqr the smallor demand may bo found In tho reaction in business generally. The Hannapan Mining company, which has been developing its prop-erty prop-erty 'at Hannapan, about eighteen mllcB east of Tonopah, for tho past fivp years practically without Interruption, Inter-ruption, has closed down for lack ot funds, and tho entire force of workmen work-men wero discharged with three months' wages due. Tho Iron Trado Review sayB: With Improvement in financial conditions thoro is a moro hopoful feeling in tho Iron trnde, and thcro Is also Increasing Increas-ing confidence that when bottom prices havo beon struck there will bo n buying movement of considerable vnlumo, but In actual transactions thero Is llttla improvement. Tho curtailment of raw Iron production, produc-tion, which Is tho first step toward reducing tlio output of finished Iron nnd steel, lias started In u sharp nnd decisive way. It began in tho Inst week of October, nnd up to dnto over fifty furnaces havo been blown out, reducing tho wcokly productive capacity ca-pacity for pig Iron 10 por cent. Oro and bullion settlements In the Salt I.ako opeu markot for tho pant month, as, reported by McCornlck & Co., amounted to $1,929,000, ns compared com-pared with $3,012,000 fqr tho month previous. Tho falling off Is duo entirely en-tirely to tho tight monoy situation and tho refusal of smelting comnnnlos to accept tho usual tonnage of oro. Statistics collected by the United States Geological survoy show thut Colorado still outranks any othor stato or territory In tho Union, Including In-cluding Alaska, in tho production of tho precious motals, desptto tho fact that the gold production oC tho state In 1900 fell Bbort nearly $2,000,000 ot that of 1905, tho precise figures being, be-ing, output $23,210,029, decrease $1,-813,344. $1,-813,344. A report Is current that tho oil strike In tho Codar City company's well In the Virgin river field Is fully aB Important as that mado In tho Rhy-ollte Rhy-ollte No. 1 well, from which as much as 100 barrels havo boon pumped In one day without teaming Its real capacity. ca-pacity. Tho suspension of construction by tho Dalnklala Coppor company at Co-rnm, Co-rnm, Cal., which wus ropcrtod recently, recent-ly, appears to be duo chiefly to lack of funds, it being Btatod in a circular letter to Its stockholders that tho estimates es-timates of tho engineers havo been oxeceded. J, D. Hawkins, general manager ot the lnltod States Reduction and Refining Re-fining company, says that during the past six weeks tho gold oro output ot tho Cripple Creok district hnd more than doubled, nnd that tho district has not known such activity for sov ' eral yoars. |