OCR Text |
Show MINES AND MININfl Yorlngton Is said to be proving; its BBB claim to tho largest mineral area of .BftBftv any ot tho mining enmps ot Novadn. BABAJ Tho Star-Crcscont Oil company nt BftBftJ Virgin City has drilled down S00 feet BftBH and havo n flow ot gas. Tho drill lit BftBH still going down. BBB An oil striko has been mado near BABH Goodrich, Sun Juan county. Oil was. BBBB -found at n depth ot 200 feet nnd. BBBB Btands 140 fcot deep In tho well. BBBB Tho United States Smelting, Itcfln- BABB Ing & Mining company Inst week do- BBBB clarcd a 50-ccnt dividend on its com-; BBBI mun stock nnd 1 per cent on Its pro- BftBfl BftBfl Development work is to be ro- BftBfl Mimed In the Gold Kaglo mine at BBBI Ncal, Idaho. It Is tho Intention to BftBfl thoroughly cxplnro tho property, and BBBI to that end work will bo pushed vlg- BftBfl orously. BBVJ Tho Elk Coal company, whoso prop- BBBJ crty Is located about six miles from BBBfl Kcmmcror, Wyoming, Is planning to- BftBfl begin mnrkutlng coal from its mines BBBJ in tho near future Tho property is- BftBJ said to bo n big oiiq. BBBJ Tho camp of Ilhyolltc, Nevada, 1b BABfl wild over Ladd mountain discoveries. BAB Mon nro sacking oro on Holt nnd. BBBJ Lgmlo leases running $1 n pound. An BBBJ eight-Inch streak on Holt's Is aver- BBBJ aging 350 to tho ton, BBBJ Tho Now York Times says: Tho do BBBJ maml for copper has bo Increased that BBBJ coppor producing companies have BBBJ Bold nhend to tho oxtcnt of 100,000,000 BBBJ pounds. This marks a vast improve- BBBJ mcnt In tho coppor trndo. BBBJ Good values havo been found in tho Celtic mine, according to tho Dolso J Statesman. Tho vein recently un-coVorcd un-coVorcd Is eight feet in width, nnd an averngo samplo of tho cntlro eight J fcot shows u value of $17 in gold. Tho Dolso Oro Tostlng company has completed Its plant. A small test was mado on somo oro from tho Lubkln property, COO pounds bolng put through. This oro wns low grado, as-saying as-saying $3X0 a ton. An extraction ot 04 per cent was effected. Cumberland Ely intoredts havo re-ccntly re-ccntly summarized all ot tho Bamplcs over taken in its Veteran workings. They find that tho averngo of tho as-says as-says is 3.49 por cent coppor. This In-cludcB In-cludcB many samples taken in drifts which extended boyond tho limits ot tho oro body nnd contained nlmost no Tho gold mines ot tho Transvnal produced In 1007 $13G,7GO,000 wortn of gold, which, with tho oxcoptlon or $5,000,000, was obtained along tho reef upon which Is situated tho city ot Johannesburg. This information comes to tho state department from tho United States consul at Victoria, BV South Afrlcn. Hftj Tho litigation affecting tho Drome dary Hump Mining company nt Fair-view, Fair-view, Nov'ada, has been dismissed, giving tho company nn nbsoluto clear fl title. Tho company shaft Is down 245 fcot, and will bo continued to tho 300-foot 300-foot lovol boforo crosscuttlng 1b bo-gun. bo-gun. It is equipped with a 40-horso powor hoisting plant. A roport covering tho operations ot tho Carlsa Mining company in tho Tin-tlo Tin-tlo district during tho year 1807 has been sent out to shareholders from tho custom olllces ot that corporation. Tho not earnings during tho porlod acountcd to $7,019, representing tho proceeds from 7,481 tons "of oro shipped to tho smoltors, Attorney Thomas J. Harry, of Bos-ton, Bos-ton, representing dissatisfied stock1-holders stock1-holders of tho Illngham Consolidated Mining company, has Issued a circu-lar circu-lar jotter to all stockholders ot tho company, In which ho says, "I havo no plan at prcsont to propose. My object Is to organlzo all dissatisfied stock-holders stock-holders and to endeavor to obtain. what rightfully belongs to us." Representatives of most of tho largo steel companies of tho Unltod States met in Now York last week to-discuss to-discuss trado conditions nnd prices of Iron and steel. The necessity of an understanding as to tho prices ot pig iron is said to bo ono of tho causes of tho meeting. It Is nnnounccd thero-will thero-will bo no chnngo In. tho price of Sovoral sensational strikes havo been mado recently In tho now gold HJ fields In uppor Dull vnlley, about HJ forty-flvo miles north of St. Georgo, HJ Utah. Somo of tho discoveries aro HJ showing up oro worth $5,000 a ton, HJ whllo surfneo showings everywhere. HJ In tho district nro very promising. BJ Hundreds of mon havo gono into tho district in tho paBt fnrtulght. BJ Work Is to bo resumed on tho old HI Sunshlno Gold Mining company's BJ property nt Mcrcur. Tho Sunshlnu Is nn ultra gold proposition, and la MB tho early days was ono of tho lead- B$i lng mines of tho district. Its oros bo- JjRg lng lVnh grndo. Had management iiSg cnusod a shut down. Tho peoplo who. ifj uro to toko hold of tho mlno now; 5ra confidently oxpect to mako tho prop- orty earn dividends In n Bhort tlmo. sWS It is nnnounccd that thero Is a great deal of oxcitomont ovor tho Gold ' f S Circlo camp, In Novnda, and that throo automobllo lines aro plying bo- j twecn tho railroad station at Gol- ?' conda and Gold Circlo, nnd four stage- ' vfcJ lines aro nlBO doing business botweon jEL theso two points. OlSFvi A dispatch from Modona, Utah, says- that an important gold strlko is ro- ;aU? ported to havo boon mado on tho Pul slror-Farnsworth group in Hull valley. -tS, Froo gold In n ganguo of forrlo ma- J5& torlnl, principally of tho' nnturo of II- yrt- monlto nnd in spots assaying ovei- jK $1,000 per ton, Is tho roport. jfyS Within tho last month or six; Jlj weeks several of tho bottor managed il copper companies havo cither ro- am duced or discontinued tholr dividends IB temporarily, not for tho reason that II thoro was not enough money- in tho- treasury, but becauso tho mot. market has boon unsottled. - 'm |