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Show MINES II MINIM The Atlanta at OoUl field is breaking $20 ore on the Lulu. Ctah-Apex net earnings in January were $22,12i compared with $22,071' in December. The Grand Valley Times says that Thomas Kearns ami associates own 130 carnotite claims in Dry valley and that $200,000 will be spent in developments. de-velopments. Shipments of ore from the mines of Tintic the past week totaled 7S carloads. This is estimated at 3,900 tons valued at $07,000. This is compared com-pared with 90 cars the previous week. As a result of the inability of the Australian zinc producers to ship their concentrates, contracts are now being be-ing placed in this country for the treatment of this Australian product. Miami Copper company will resume dividends shortly with the payment of 50 cents a share, the rate in force before be-fore the disbursements were suspended suspend-ed early in October, is an eastern report. re-port. A certitied copy of the articles of incorporation of the Nay Aug Mines company was tiled last week in the recorder's re-corder's oftice at Hailey, Idaho. The company is organized lor a period of loo years. James Lund, one of the Hull Valley leasers, was in Salt Lake last week showing a piece of picture rock from the Hamburg that was a marvel of richness. It. weighed live pounds and is estimated to be worth over $000. From Itutte comes the information that the Anaconda will eventually treat all of its ore by the oil notation nota-tion process, according to the statement state-ment of a representative of the Minerals Min-erals Separation company of London. During the past week the new mill of the Daly West at. Park City, Utah, averaged a daily tonnage of 22.") tons wet ore. The plant is said to be ilo-ing"1 ilo-ing"1 line work, and every effort is being be-ing made to bring up its efficiency and capacity lo the limit. According to one of the eastern stockholders, the Utah-Apex Mining company earned a surplus of $09,914 after all charges in the December quarter. The gross receipts were $200,728; expenses, $114,465; development, develop-ment, $11,619; interest, $4,728. Cripple Creek's production in February Feb-ruary was 72,100 tons of ore, estimated estimat-ed at $1,345,601. This was one of the heaviest months in years. The average aver-age value per ton was $18.65. A high average is shown for the ore treated at the mill ot the Golden Cycle Mining company of Colorado Springs. Silver King Coalition directors have (passed a resolution declaring regular quarterly dividends of 15 cents a share until the order is rescinded. Tht first dividend will be paid on April 1. It calls for the distribution of 187,500 shares and gives the big Park City mine a total dividend credit of $13,395,500. Exports of copper at the ten principal prin-cipal customs ports during the week ending February 27 totaled $1,-467,214, $1,-467,214, or 10,172,719 pounds, the department de-partment of commerce announces. Imports for the week were 3,504,296 pounds, worth $378,103. France, Italy, England, Canada and Denmark were the principal buyers. From Provo, Utah, comes word that the Plutus Mining company directors, have adopted a resolution granting the Central Hill Mining company the privilege to run a drift from the Grand Central workings through the Plutus ground to the Central Hill. The drift will be about 1,000 feet in length, and will be run on the 400-foot evel. Butte & Superior broke all previous records of. production and earnings during February, notwithstanding the short month. Ore mined and milled was 39,310 tons, an increase of 2,000 tons over any previous month. This ore yielded over 12,000 tons of concentrates concen-trates from which it is estimated that over 13,000,000 pounds of relined zinc will be obtained. With the announcement of a 50-cent dividend by the Utah Consolidated .Mining company of Bingham, it is recalled re-called that its 1913 dividends amounted amount-ed to $450,000 and those of 1914 $600,-000. $600,-000. The dividend to be paid March 81 requires the distribution of $150,-000. $150,-000. The stock is quoted at $10.50 a share, but it has distributed $31 on each share issued. Dividends were paid during February Febru-ary by the Golden Cycle Mining company com-pany of $75,000, and the Elkton Consolidated Con-solidated of $50,000, a total of $125,000. These are Cripple Creek mines. The Cresson Consolidated, a close corporation, corpora-tion, is also believed to have paid an increased dividend. Last year the aompany was accredited with a $50,-000 $50,-000 dividend each month. Royalty on ore sent out by leasers is paying ail the operating expenses at the Yankee Consolidated, according accord-ing to Superintendent Lewis Merri-man, Merri-man, and for the present month the mine will no doubt have a little money over, says the Eureka (Utah) fie porter. The property furnishes employment em-ployment for nine sets of leasers and all of them are making money. Careful inquiry into the position of copper discloses a surprisingly strong position. In fact, the Amalgamated Copper company and the American Smelting & Refining company, the two largest interests in the producing trade, are sold many weeks ahead, says the Boston News Bureau. Officials of the Jumbo Extension bave issued a report showing the last quarterly production in 1914 as $418,-$25, $418,-$25, with net realization of $255,020; dividends paid, $02,500. The January figures show 1,571 tons ore sold for $67,872. Net returns were $41,327. From Goldfield, N'ev., comes word that George Wingfield is charged by popular opinion with precipitating the apex suits against the Jumbo Extension Exten-sion in order to force, if possible, the merger of this rich property into one of the incorporations in which he has control. Leasers working on the old Silver Shield mine at Bingham are mining ind marketing about one 60-ton carload car-load of ore a month. The ore is a lead-copper-zinc product and is netting i about $12 a ton. It carries from 8 to 8 per cent zinc. |