OCR Text |
Show MINES MI Ore carrying up to $262.50 a ton has been struck in the south drift on the Goldstrike-Virginia. Production of ore from Tonopah mines the past week totaled 10,343 tons, valued at $212,134. Heavy mineralization is showing in the main breast of the drift off the 1,000-foot level on the Emerald prop-ertj', prop-ertj', located in the Tintic district". Fifty tons daily is the present capacity ca-pacity of the Utah Iron & Steel company com-pany plant, located at Midvale, Utah, where work' was recently started up, Shipments of ore from the mines of Tintic the past week totaled 106 carloads. This is estimated at 5,300 tons and valued at $135,000, compared with 116 cars last week. Mining activity is being renewed around Green River, Utah, manganese and zinc providing the excitement. About all the territory is already located lo-cated and now a.ctual development work has started. American manufacturers engaged in the production of war munitions have lately entered into contracts for high-grade high-grade spelter for delivery through the entire year 1916 at 40 cents a pound, says the Boston News Bureau. Advices have been received" in Boston Bos-ton by the Butte & Superior people that in the opinion of counsel there is mora than an even chance that they will win out -in the legal controversy with Senator William A. Clark, says the Boston News Bureau. In connection with the retirement, on December 31, of $2,380,000 ten-year 6 per cent convertible bonds, it is believed be-lieved that the Ray Consolidated company com-pany will increase its dividend from $1.50 per share annually to $2.50 per share, according to a report from Boston. Export demand for ordinary grades of spelter has been the mainstay of a very active market which has prevailed pre-vailed for the greater part of the past fortnight. Transactions have totaled, it is estimated, well up to 50,000,000 pounds for spelter to be shipped abroad. The vast deposits of alunite, which will furnish America's potash supply for generations to come, is attracting capitalists to the Marysvale, Utah, district, from all quarters of the globe and this in spite of the fact that nearly all the known deposits are already tied up by investors. Twenty-cent copper is again predicted. pre-dicted. Producers are asking and receiving 18 cents for electrolytic on domestic business, and. somewhat higher figures on export material. During the past week an enormous tonnage of copper has been booked for shipment to plants in this country. coun-try. General Manager O. A. Turner, with a force of about twenty miners, is pushing operations with all possible dispatch at the property of the Gol-conda, Gol-conda, Extension Mining company, adjoining ad-joining the famous Golconda mine in the Cerbat range of mountains, about twenty miles north of Kingman, Arizona. Ari-zona. No winze work from the 1,200 level of the Halifax has taken place in the past several days, because of cutting of station and the placing of timbers above. It is of great interest, however, how-ever, to learn that the crosscut is now through the vein, says the Tonopah Tono-pah Daily Bonanza. It shows the entire en-tire dimensions of the working face. With the geological conditions better bet-ter for ore deposition than any that have been encountered during the time since the company resumed operations, th local officials of the Columbus Co-lumbus Extension property are taking an optimistic view of the present development de-velopment work now in progress and the management is. pushing it ahead with all possible speed, Mining activity continues to increase in-crease throughout the Oalman district, dis-trict, in Arizona. The Hidden Treasure Treas-ure Mines company is one of the latest lat-est to enter the field and has taken over the Treasure Key group, as well as the La Vita, Colorado and Night Owl cla'ims. The new company will begin sinking the main incline shaft on the vein from the 300 to the 600 foot point. With unusually high prices prevailing prevail-ing for copper, zinc, lead and other metals as a result of the European war, and with other favorable conditions, condi-tions, the time is ripe for a real revival re-vival of the mining indusLry in the milting district east of Deer Lodge, is the opinion 8f not only the men interested inter-ested in the promising mines and prospects of that section, but of the business men of the city as well, says the Butte Miner. The sequence of events so often observed ob-served in the history of gold-mining camps has been repeated in the Willow Wil-low Creek district, Alaska. The earliest prospectors, in 1S97, were primarily pri-marily interested in the search for placer gold and having found it were too busily engaged in mining to trace the stream gold to the veins from which it originally came. It was nearly ten years later that the first of the valuable quartz veins that now yield most of the geld mined in the district was discovered. Directors of the Utah Consolidated of Bingham have dec'.ared the regula; quarterly dividend of 50 cents a share. This calls for the distribution on December De-cember 20 of $150,000 to stock of record rec-ord November 20. This will make $2.00 a share paid out so far Ibis year, or $600,000. Shipments of ore from the Prince Cocsolidated of Pioche. Nevada, sent to Utah smelters, amounted to sixty carloads in the past week. Tiui. is estimated at 3.000 tons. It if c ni-pared ni-pared w:th sixty-one cars the prr-vk'us Reek and fiftv-six ihe week befurt- |