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Show MINES IL MINING A writer claims that S92.320 pounds of brass are being lost daily, or 325,-616 325,-616 800 pounds per annum, through small arm and artillery fire by the Germans and Austrians. Within the next two weeks it is the expectation to ship a carload of ore from the Copper Mountain company's. Beaver county property out to the northwest from Milford, Utah. One carload of S5.200 pounds of zinc ore just shipped from the Eva Mining company's property in the Nebo district dis-trict south of Santaquin, Utah,, brought gross receipts of 51,782.85. Shipments of ore from Tintic last week amounted to a total of 142 carloads car-loads This is estimated at 7,100 tons, valued at $177,000. It is compared with 124 carloads the previous week,, or about 900 tons increase. There has been discovered in eastern east-ern Idaho what promises to develop, under judicious and scientific exploitation, exploita-tion, into a rich copper camp. The find was made six miles east of In-kom In-kom on the Oregon Short Line. Based on present prices for its two important products, Utah Consolidated should be earning today at the rate of $1,500,000 per annum, or $5 per share on 300,000 shares outstanding, " says the Boston News Bureau. ? Much of the heavy buying in lead that lias taken place during the past fortnight has been traced to galvaniz-ers galvaniz-ers who, under normal conditions, use 60 per cent of the spelter consumed in the United States, says the Boston News Bureau. ( ne of the most striking claims for mining is made by Chester R. Lawrence, Law-rence, a Boston, Mass., financier who. has just issued a statement giving the average returns from capital invested in various industries, and he says that mining profits lead all the others. Big metal producers state that never before has the demand been so great for copper, spelter and lead. The greatest part of the present inquiry has come from sources indicating that the metal will be used in making munitions mu-nitions of war in American factories and abroad. Samples of some of the zinc deposits opened by old workings in the Wood-lawn Wood-lawn Mining company property in the Cottonwoods gave returns of 26.81 per cent zinc, 14.9 ounces silver and 7.4 per cent lead. The samples amounted amount-ed to a number of pounds taken from several places. At a depth of 145 feet the Boofer shaft at Dolly Varden, Nev., continues contin-ues to show copper sulphide in bettered bet-tered values than reported in last letter. This scintillated ore appears in a black crystallized lime, the strata alternating in thickness of from a halt to one and two inches. From Provo comes word of the financing of a new company to be known as the Nevada Regent Mines company, which will control a property prop-erty in the Regent district in Mineral county, Nev. There is a shaft 100 feet deep and leasers are said to have several thousand tons of ore broken and blocked out. Shipments of ore from Park City, Utah, the past week totaled 2,974 tons, estimated at $100,000. This is compared with 1,622 tons the previous pre-vious week. Owing to the Ontario's last week's production having been omitted, this adds 171 tons excess to the foregoing figures which should be included in the 1,622 tons. During the past week new men have- . been put to work at the Chief Consolidated, Con-solidated, in Tintic, and the force is almost as large as it was last year before the general mining depression. The earnings of the mine are entirely entire-ly satisfactory and shareholders are certain of receiving the regular dividends, divi-dends, which are now being paid semi-annually. The American Metal Market editorially edi-torially says that the 16-cent advance in spelter and the 3V2-cent rise in lead "finds no explanation in the increased demand for war munitions or exports of the metal." Since the advanco commenced, production of spelter has increased from 3S0.000 tons a year to 500,000 tons, while lead output has increased in-creased 25 per cent. According to a Boston authority, the Utah-Apex, which is now producing over 30,000,000 pounds ot lead per annum, an-num, should within the next month be able to make a material increase through the installation of the flota- tion process for the treatment of its slimes. Cost cf the improvement will be less than $20,000. hut it shou'.d make possible a production of close to 40,000.000 pounds of lend per annum. an-num. Owing to the advance in the price of metals, the, management of the Daly-.ludge Mining company at Park City, Utah, has announced an extra dividend. It is 10 cents a share and calls for $30,000. The Standard Oil company has been awarded a gold medal of honor for the conservation of natural resources and a special gold medal of honor for "its work and policies," by the Panama-Pacific exposition. From Hodsou, Cal.. comes a statement state-ment that the Royal Gold Mines company com-pany is now operating 40 stamps of its 120-stamp mill. The mill had its initial run June 7. The plates are catching the gold values, while tho regular concentrates are sent to Solby lor smelting. Nine Utah mining companies have already paid out in i;n5. or announced for payment in the next few days of a total dividend of $1,011,509 This is compared with a total paid out by sixteen companies lu all of 1-114 or $6.S.")3.ii70. |