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Show llfJES i MINI The average price of spelter last week was 1 4 . 4 r. Tintic t-hipnients for the first half of 1915 amounted to 2,770 carloads, estl-.mated estl-.mated at i::s.r,00 tons, valued at 4-'i.4(J.0O0. Shipments of ore from the mines of l'ark City, t'lali, the past week totaled 1,569 ton, valued at $60,000. This is compared with 1.781 tons the previous week. Presidents of three of the big stock exchanges of the country will attend the convention of mining brokers which meets In San Francisco September Sep-tember 21 and 22. Kxcellent progress is being made in the construction of the new mill at Tintii;, where a force of between 50 mill 100 men Is now busy mainly with the concrete foundations. Shipments of ore from the mines of Tintic last week totaled 131 carloads. This is estimated at 6.560 tons valued al. $100, 000. It is compared with 142 rar'.oails the previous week. The Claflin-Fielils lease on the Qiiincy level of South Hecla is shipping ship-ping a carload of medium grade ore dally and the leasers expect to in-rreii: in-rreii: o this to two carloads directly. It. is reported that the Lake View company, whose property is near Saline. Sa-line. Utah, has distributed this summer sum-mer more than $20,000 In dividends .among Its five principal stockholders. During the first half of 1915 the Park City mines shipped a total of approximately ap-proximately 50,000 tons of first-class crude ore and concentrates from the mills. The production is estimated at $2,000,000. Leasers on the old Silver Shield mine at Bingham have recommenced Bhipping. A carload just sent to market mar-ket sampled 25 per cent lead, 10 ounces silver, 1 per cent copper and $2 in gold to the ton. Direeturs of Anaconda will meet for 1iviilc:ml action this month. Anaconda has been paying $2 a share annually and it can be assumed that in view of the change in par value from $25 to $50 a share the common dividend will be $!. Itecenlly the Utah Copper company added somewhat to it3 large acreage by the purchase of a number of farms located in the vicinity of the Magna and Arthur plants. The price aggregated aggre-gated $50,000. It is said that the ob-. ob-. Ject of the purchases of most of the land is for tailing dumping purposes. Forty-eight thousand dollars will be the production of the Seven Troughs Coalition for August on a twenty-day run. There was a loss of the balance of time caused by breaking down of ttte engine. Otherwise the mine would have produced $70,000 that month, a record in the history of the property. , Mining men of Tintic are all interested inter-ested in the new strike at the Yankee Consolidated and there is considerable consider-able speculation with reference to :this new ore deposit, which may be a continuation of the ore which the May Day people have been mining for some little time or an entirely new deposit. General Manager R. C. Gemmell of the Utah Copper company said last week that judging from preliminary figures and the general conditions of tiie mine and the work at the Garfield concentrators, he roughly estimates that the August production of the mine should be about the same as that of July. Final figures on the operations and earnings of the Goldfield Consolidated Mines company during the month of July have been made public. The report re-port shows that during the period named the production of the various properties amounted to 33,3SS tons of ore, which yielded net profits of $105,291.93. With record-breaking exports of 266,-000,000 266,-000,000 pounds during the June 30 fiscal fis-cal year, the increase in spelter exports ex-ports from United States showed one of the very largest gains of any single sin-gle commodity figuring in the export trade of this country. The previous year witnessed but 4.400,000 pounds .shipped abroad. Utah mines, twelve in number, have in the present year distributed to their stockholders cash amounting to $4,-282.569. $4,-282.569. These mines have paid out to iate a grand total of $57.96l'..S00. These figures are compared with total dividends divi-dends paid out by eighteen Utah mines in 1914 amounting to $6,99G,11S, and $7,678,516 in 1913. Mine operators throughout the state are requested by the freight and ore committee of the Utah chapter of the American Mining congress to report to It any grievances they may have in relation to transportation and smelting smelt-ing matters, as the committee is preparing pre-paring a report which will be forwarded forward-ed to headquarters at once. There was exported in the year ended end-ed June 30 last a total of 252.000,000 pounds of lead from the United States, which broke all records. Of this tonnage ton-nage 193.024.221 pounds represented lead from domestic material and the balance. 59.S57.099 pounds, was from foreign ores and matte which was commercialized com-mercialized in this country under bond. With the augmentation of the ore production of the mines of Alta comes renewed talk- of the necessity of Improved Im-proved transportation facilities from the camp nine miles down Little Cottonwood Cot-tonwood canyon to the loading station sta-tion at Wasatch, the east terminus of the Salt Lake A: Alta railroad. Despite European orders for munitions muni-tions of war. the coal and coke industry indus-try of western Pennsylvania is running run-ning only about 75 per cent full time and if it were not for these orders -the industry would be running only 2i jer cent full time. |
