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Show MIS AIM MINING All the metals entering into the manufacture of ammunition copper, lead and spelter are in demand, and prices show increasing strength. Earnings of the Kennecott Copper corporation for the four months ending end-ing August 31, last, on the basis at 15c copper were in excess of $3,-500,000. $3,-500,000. During September the work on the Snake creek tunnel advanced 345 feet. The face is now in 12.710 feet, and is about 3,700 feet vertically from the surface. Directors of the Iron Blossom Mining Min-ing company at Provo last week declared de-clared a quarterly dividend of 5 cents a share. This requires the distribution distribu-tion of $50,000. The Bunker Hill & Sullivan Mining company, operating mines and mills at Wardner-Kellogg, Idaho, has . decided de-cided to 'build a smelter, but where and when have not ibeen determined. Eighteen miles southwest of Wend-over, Wend-over, in Elko county, Nevada, Joseph Conley and J. F. Jensen have opened up a fissure vein showing twc- feet of shipping ore at the Spring Canyon mine. It is reported from Cache county, Utah, that the management of tle Utah Oil & Gas company, which is driving for these valuable fluids, feels encouraged over the prospects of success suc-cess at greater depth. Excellent headway is being made at the new 300-ton mill which the Tintic Milling company is erecting at Tintic, and the hope Is to have the plant in full operation soon after the first day of the new year. The Syndicate adit at Santaquin district is now in 500 feet and has secured se-cured a depth of 290 feet. A ledge of hematite iron, lime and spar has been opened. On the surface this vein is said to have shown $5.80 in gold to the ton. Directors of the Tintic Milling company com-pany have levied an assessment of 5 cents a share for the purpose of raising rais-ing $50,000 to complete the new mill at Tintic. It will cost about $150,000. The Knights and Derns control the company. Miami Copper company declared a quarterly dividend of $1 a share, payable pay-able November 15 to stock of record November 1. At last quarterly dividend divi-dend meeting the rate was increased from 50 cents to 75 cents, says the Boston News Bureau. The nitric acid plant built recently at the Nevada-Douglas Consolidated Copper mines is now turning out nitric acid. The furnace has been making acid at the rate of about 1,500 pounds in twenty-four hours, at a cost of a little less than 3 cents per pound. Important developments are looked for with any round of shots by the officials of the Mines Development ground of the Alta Tunnel and Trans-grund Trans-grund of the Alta Tunnel and Transportation Trans-portation company in the south fork of the Big Cottonwood canyon, near Salt Lake. D. W. Keeney and T. D. Lewis of Pocatello have acquired a mica claim near Oakley, and are developing the property, and investigating the worth of it. They claim that there is several' sev-eral' thousand tons of mica in sight, which is sufficient to cover a neat little lit-tle collection of stoves. May Day Mining company now has on hand approximately $70,000 in cash, it is announced. When all the current debts are cancelled that will leave albout $60,000. This Tintic mine is piling up profits at the rate of ahout iy2 cents a share a month, or about $12,000. Shipments of ore from the Tintic mines last week totaled 137 carloads. This is estimated at 6,850 tons, valued val-ued at $170,000, and is compared with 129 carloads the previous week. The mines generally are in good physical condition and some increase in the weekly tonnage is anticipated. Manager Alex Colbath of the Alta Central says that the miners have opened ore which samples $35 to $40 a ton. A full face is reported. This is in a block of ground about 300 feet east of the old Emma. It Is said that a large interest in the property was purchased recently for $35,000. It is estimated that the old tailing dumps at the Horn Silver mine in Beaver county, Utah, contain 175.00J to 200,000 tons worth mill treatment. Silver and zinc are the principal valuable val-uable ingredients. The Caldo Mining company's new mill which .will work the tailings from the dumps, is expected ex-pected to he in shape for operations by November 1, and will have a capacity ca-pacity of 200 tons daily. Referring to the matter of investments invest-ments in mining shares and prospects, George L.' Walker, a Boston statistician, statis-tician, says: "The best way to niaka money in speculation is by purchasing purchas-ing the shares of companies whose properties are growing in value and earning capacity or by securing a small interest in a mining prospect and taking the chance of making a loss you can afford or a very large profit." Work on the Tintic Standard has reached the 1.330 level and the men are still sinking in the vein. This is an incline following the dip. A force of seven men is working. At present the quartz fills the. veins, but it is barren. bar-ren. This is the latest word from East Tintic. Nevada Consolidated produced 6.-?01.S5S 6.-?01.S5S pounds of copper in August, comparing with 6.292.413 pounds in July. This is very near the com- pany's high record. It must be earning earn-ing at the rate of $3.50 a share an- j nually on the present metal market. |