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Show MINES fli liJG More mining is in prAfe-.vss this spring in and around Dugway than ever before. Copper visible supply in England, France and afloat thereto decreased 2,410 tons from .March 15 to April 1, being 12,201 tons on latter date. Shipments of ore from the mines I of Park City last week totaled 1,174 tons, estimated at $46,000. This is compared with 1,193 tons the previous week. With two cars of vanadium sold and orders tor more on the books, the owners of carnotite mines at Gateway, Gate-way, Colo., have suddenly started the mines at full Mast. It is announced from Goldfield that the 50-ton experimental flotation plant at the Goldfield Consolidated has proven so successful that a 500-ton addition has been ordered. t Stockholders of the Seven Troughs Mining company are in receipt of the 1915 annual report, which shows cash reserves of $20,605. The company has 897,700 shares issued of the 1,000,000. Utah Copper for the year ended December De-cember 31, 1915, shows a surplus after charges of $17,913,481, an increase of $9,234,990. This is equal to $11.03 a share, against $5.34 the previous year. It is understood that Nevada Consolidated, Con-solidated, generally regarded as a copper cop-per property of short life, increased its ore reserves during the past year by approximately 13,000,000 tons, raising rais-ing total to about 50,000,000 tons. Chino Copper Co. during the first twenty days of March produced copper cop-per at a rate in excess of 6,000,000 pounds per month. This come-back from the smaller yields of January and February is most satisfactory. One of the directors of the Indian Queen Consolidated Mining company said last week that the property in Beaver county, Utah, has just undergone under-gone an inspection, and as a result work has been ordered started at once. Shipments from tie Prince Consolidated Consoli-dated the past week foot up to a total to-tal of eighty-four carloads. This is estimated es-timated at 4,200 tons, or 600 tons a day for the week. This is the heaviest heav-iest single week's production in the history of the Pioche mine. Over a million dollars' -worth of briquets bri-quets were made out of waste coal dust in 1915, the exact production being be-ing 221,437 short tons, valued at $1,-035,716. $1,-035,716. This was the largest output in the United States for any year, with the exception of 1914. From Dover, Del., comes the information infor-mation that a company called the Utah Petroleum has been incorporated there for the purpose of engaging in the business of prospecting for and producing oil and natural gas. The capitalization is $5,000,000. The directors of the Success Mining company have announced the regular monthly dividend of 3 cents a share, amounting to $45,000, and a special disbursement of 2 cents a share, amounting to $30,000, making a total of $75,000 for this Wallace, Idaho, property. Production of the mines of Tintic last week totaled 172 carloads. This is estimated at 8,600 tons, valued at $215,000. It is compared with 168 carloads car-loads the previous week. These are two of the heaviest production weeks that the district has experienced in two or three years. It was reported last week that the Exploration company's year's lease on the Ohio Copper has been extended for four months. As the lease was due for expiration in May, that means that it will continue into September. The mine is now producing about 2,-400 2,-400 tons of ore a day. Ed. Dyer, a business man of Yer-ington, Yer-ington, who is in town for a few days, states that there is a possibility of the smelter at Thompson resuming in the future, says the Carson News. He states that several men have been put to work repairing the furnaces and the cottages for the employes at the smelter. From Douglas, Wyo., comes word that the Wyatt Oil & Refining company, com-pany, composed of Colorado capitalists, capital-ists, who a fortnight ago made the purchase of the Brownfield and the First National Bank properties in Brenning basin, twelve miles from Douglas ,are actively preparing for operations. Beginning April 1 all mining companies com-panies in British Columbia will receive re-ceive $7.25 the hundred pounds for all lead that goes to the British government govern-ment for munitions purposes until June 30, and the deliveries for the same account in July, August and September Sep-tember will be settled for on a basis of $8.30 the hundred pounds. Net earnings of Miami Coppei company approximated $1,230,000 foi the first quarter of 1916. With these figures before them and the know! edge of a surplus of quick assets ol $3,000,000 on April 1, directors on April 10 declared a dividend of $1.50 per share, against $1.25 three months ago, and $1 six months ago. It is reported that the Antelope-Star property east of Black Rock may be taken over by the Uodb': brothers of the Prince Consolidated. They had an engineer dwn making an examina-an examina-an engineer down making an examina-port examina-port is has not been made public. Humboldt county, Nevada, is on the eve of a tungsten boom that bids fair at this time to eclipse the excitement incidental to the free gold strike in the Willard district several years ago, and the gold-silver rush into the Seven Troughs district in the Trinity range. |