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Show AROUND THE MINES Ore carrying up to $262.50 a ton has been struck in the south drift on tha Goldstrike-Virginia. It is rumored that the Anaconda is negotiating the merger of several im- , portant copper properties Another remarkable discovery of potash has been made at a point about five miles north of Marysvale, Utah. Production of ore at the mines ol Tonopah the past week totaled 9.1S9 tons, valued at $191,362, says the Tonopah To-nopah Miner. Butte & Superior income for the quarter ending September 30 was $3,' 239,955, compared with $2,731,423 foi the previous three months. Three feet of gold-silver ore thai runs $757 to the ton has been, struck on the Bannack Gold Mines company's property at Bannack, Mont. Judging from present indications the Utah Copper company will maka $10 net profits a share in the yeai 1915. This will amount to approxv mately $16,000,000. Thousands upon thousands of -'dol' lars are being added to the earnings of the various mining companies operating op-erating throughout the west by the steadily advancing metal prices. It is said that the Prince Consolidated Consoli-dated under its present production of 400 tons of ore daily, or near 10,008 tons a month, is making $12,000 ta $14,000 earnings every thirty days. Two feet of carbonate ore carrying values in lead, silver and copper has been opened in the main tunnel of tha Cottonwood King property located at the head of Big Cottonwood canyon, near Salt Lake. In 1905 Mexico established a record production of 73,000,000 ounces of silver, sil-ver, which is the greatest for anj country in the world. The United States and Mexico supply about two- ' thirds of the production of the world. The Guggenheim Exploration company, com-pany, which is a holding company for some of the more important interests represented by the Guggenheims in their various mining operations, is to dissolve, according to announcement made in New York. With the recent labor trouble settle set-tle satisfactorily, the Silver King Coalition Coal-ition Mines company located at Pari City, Utah, is again producing its usual heavy tonnage of ore. Wori at the big property is once more run ning along smoothly. Seventy-five per cent silver within the next four months' time is being predicted by students of the whiU metal market. As a consequence, thej are also predicting the greatest min, ing revival throughout the western y. states In the history of the industry. y According to one authority, the V -" mal yearly production of silver of 'ae world is approximately 210,UOC,00 ounces, of which the United States produces in the neighborhood of 67,-000,000 67,-000,000 ounces. Mexico is the great silver producer of the world, whils Canada is another enormous producer. Milling operations are to start immediately im-mediately on the stope fillings In the Prince of Wales mine, located in the Big Cottonwood district. According to the estimates of the engineers, there is in the neighborhood of 50,-000 50,-000 tons of stope fillings that will run from $4 to $12 per ton in lead-silvei values. The Bingham district produces about 140,000 tons of crude lead or per year that averages about 7 ounces in silver and is 16 per cent lead ta the ton. Beaver county produces about 12,000 tons of crude lead ore per year with an average of about 18 per cetit lead to the ton and about 2 ounces in silver to the ton. The Tintic district ships in the-neighborhood the-neighborhood of 135,000 tons of cruds lead ore that runs about 15 per cent lead and about 22 ounces in silven to the ton. The Ophir-Rush Valley district's dis-trict's output is in the ueigliborhori of 20,000 tons per year with an avn age of 18 per cent lead to the tou and 14 ounces In Bilver. The boom at Oatman, Arizona, ia the San Francisco mining district, twenty-six miles southwest of Kingman, King-man, is increasing its proportions wilt each succeeding day. Properties are changing hands every day and ' the companies being organized for theli development are proceeding along lines that insure deep operations. Archbald Blair, who mined the firtt gold and first coal taken from the ground in Wyoming within historic times, last week celebrated his 8f)tli birthday at his home at Rock Springs, r Wyo. Scores of friends called to pa? their respects and many congnratula-tory congnratula-tory telegrams were received, main despite his age, is hale and hear'? and still takes a keen interest In industrial in-dustrial affairs. Careful estimates show that the total to-tal production of the Utah Cupper company this year will reach 155, "'Mi. 000 pounds. The total In in 1 4. I.hf previous record year, was 121, 779. "00 and in 1913 it amounted to 119. 939. SOS pounds. The total production for tr first nine months of this year wai 111,9X2.661 pounds, and estimating tin October output of copper at near 16. 000,000 pounds, this makes more that 127,000,000 for the first ten months ol 1915. ! In connection with the retirement, on December 31. of $2.3S0.0O0 tcn-yeaj 6 per cent convertible bonds, it is bo lieved that the Ray Consolidated coin, pany will Increase Its dividend from SI. 50 per share annually to $2.50 per I share, according to a report from Boston. Advices have been received In Uos-ton Uos-ton by the Butte & Superior people, that in the opinion of counsel there Is more than an even chance that they will win out in the legal conirovers. with Senator William A. Clark,' aavs tbe Boston News Bureau. |