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Show MINES Ai MINING' The Mid-West Tunnel comipany, which is driving the Snake creek work at Park City, has increased tba wages of its men to $3.75 and $4.25. The O. K. Silver property at Indian Springs, in Tooele county, will become be-come one of the state's greatest silver sil-ver mines, is the opinion of prominent promi-nent men who have visited the (property (prop-erty recently. And now comes the announcement that there is a strong possibility that Manti has at her door one of the cheapest fuel, power and lighting agencies known, nothing more or less than natural gas. Assays taken from a massive quartz ledge struck several days ago in the Gold Queen crosscut south of the shaft on the sixty-foot level indicate that an ore shoot is 'being entered in that Fortuna property. One interesting result which may be expected to flow from the recent financing 'by United States Smelting will be the merger into the parent organization or-ganization of the Utah company, its coal subsidiary, says the Boston News Bureau. What is apparently a strike of considerable con-siderable importance has been made In the Albion property, located in the Little Cottonwood district. A full face of ore has been encountered in the crosscut that is being driven to cut the Greeley fissure. Another Beaver county proposition has been listed on the Salt Lake stock exchange. This time the Galena Mining Min-ing company was called. It has 1,-000 1,-000 000 assessable shares, or a capital of $50,000. There are 440,000 shares In the treasury and $518.62 cash. Shipments of ore from the Tintio mines the past week totaled1 151 carloads. car-loads. This is estimated at 7,550 tons, valued at $185,000. It is compared com-pared with 123 cars the week before, an increase of about 1,000 tons. This Is the heaviest weekly production in months. Three to five feet of $130 ore has been opened in a new block of ground in the Silver King Consolidated at Park City, Utah. The new disclosure of high grade is in the limestone bedding between the 1,625 and 1,550 levels. Here a drift from a raise has followed the ore 200 feet. Big extra and increased dividend payments by various copper companies com-panies are looked for within the next six months, due to extraordinary demand de-mand for copper metal at high prices. Among the important companies slated for favorable action are Anaconda, Ana-conda, Utah, Kennecott, Chino and flay Consolidated. The Pilot mine, at Butte, owned by the Pilot Butte company and located north of the Emily mine, owned by the Anaconda company, and south of the Elm Orlu mine, owned by Clark interests, has been sold to the Anaconda Ana-conda Copper Mining company on a basis of $14 a share. This makes the total price about $1,400,000. With stringers of high-grade silver-copper silver-copper ore increasing in number and also in width as the tunnel is driven forward, the management of the American Amer-ican Consolidated Copper Mining company, com-pany, the property of -which is located in the Big Cottonwood district, near Salt Lake, is looking forward to important im-portant developments with any round of shots. Mining companies operating in the northwetsern territory tributary to Spokane, by March 1 will have paid $1,446,173 for the current year, increasing in-creasing the grand total of the corporations cor-porations now distributing dividends to $66,183,430. Of this amount, the Coeur d'Alene concerns will have distributed dis-tributed $983,750 for 1916, making the total $51,875,896. Among the mineral products of the state of Wyoming coal is pre-eminent, its fcoal (fields cover about 41,500 square miles two-fifths of the state's area and contained originally an estimated es-timated 670,723,000,000 tons. Of this quantity only 178,000,000 - tons, or about one-fortieth of 1 per cent, has been exhausted. The production in 1913 was 7,393,066 tons, valued at $11,-510,045. $11,-510,045. The United States Smelting, Refin-1-rug & Mining company's operations at Fortuna, Utah, were closed down, it is said, for an indefinite period, following fol-lowing the visit to the property of the district manager. The suspension follows fol-lows what Is reported persistently from various sources to be a strike of a good quartz body, containing very substantial values, twenty feet east of the shaft on the eighty-five-foot level. For many years gold has been known to exist in the valley of Snake river, particularly in the part of it that passes through southern Idaho. As early as 1862 prospectors are reported re-ported to have extracted gold from gravels In Jackson Hole. It occurs at many places both on the present river bars and on terraces along the river representing ancient levels of the water, but it does not occur in quantity so great as to support large operations with marked financial success, suc-cess, though some miners have mace a small amount of money. Rochester Mines company stock has been listed on the Salt Lake exchange. ex-change. It was just three years ago when the camp was discovered, or mnounced by Joseph F. Xenzel and artners. Since then several proper-es proper-es have been developed into mines. Manager F. L. Schrott of the Mines Deveolpment company, which is operating op-erating a lease on the American Flag property at Park City, writes that he now has a force of eight men and with other leasers expects to have fifteen fif-teen to twenty men on the job directly. |
