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Show AROUND THE LliNES Shannon announces that the No-' vcmber production is 920,000 pounds of copper. Directors of the Kennecott last week declared a quarterly dividend of SI. 50 a share. November copper production of the East Butte company was 1.64S.040 pounds; silver, 51,200 ounces. It is reported from Butle that eleven mines have been closed down on account of the cold weather. The secretary of the Tuoloume sent word from Butte that the new copper ore body is thirty feet wide, with fir-teen fir-teen feet of it first class ore. The Boston office of the Davis-Daly company has received word that the ore strike on the 2.4U0 level shows 17 per cent copper and 14 ounces of silver. sil-ver. Two of the Dern mining companies are anticipated to announce Christmas Christ-mas dividends in the next few days. They are th- May Day and Lower Mammoth. Word was received in Salt Lake last week that the American Smelting & Refining company has advanced the, price of lead from $7.25 to $7.50 a hundred hun-dred pounds. At Provo last week the Keno Mining Min-ing company stockholders voted to increase in-crease the shares trim 500,000 to 1,-000,000. 1,-000,000. The property is in Mineral range, southeast of Black Kock station. sta-tion. The major part of copper demand is for deliveries after April right up to the end of next year. Sales of third and last quarter copper have been made for domestic account at prevailing prevail-ing prices. The November output of the Butte & Superior was 15,158,000 pounds of zinc in concentrates. This is a decrease de-crease of 536,000 pounds from October. The silver content was 312,000 ounces compared with 320,000 in October. It is expected that a carload of the rich ore from the new strike in the Lavinia fissure in the Michigan-Utah will be on the market from Alta within with-in the next two weeks. This ore has beeen sampling $100 or better a ton. With the announcement last week of the regular quarterly dividend of 15 cents a share, the Silver King Coalition Coal-ition of Park City, Utah, brings its 191G dividends up to 60 cents a share, making a total distribution this year of $750,000. It is announced by officials of the Antelope Star company that preparations prepara-tions are being perfected to make the initial carload shipment from the Millard Mil-lard county property about January 15. It is said that ore has been developed de-veloped in the ground for some distance. dis-tance. Eureka King people are finishing up a boarding house on the property north of the Chief Consolidated. It is big enough to house eighteen miners, a blacksmith shop and shafthouse will follow, and then the sinking of a new double-compartment working shaft will be started. From the Three Kings Silver Mining Min-ing company at Park City comes the report that the property looks better than ever before in its history. The winze has finally penetrated the forty feet of grey limestone and reached the shale contact, where some silver and lead values are found. The winze is 130 feet deep. Men sinking the 55-foot winze in the large silver-lead bedded vein o the Alta Consolidated have been taken tak-en off and put to work drifting from the Copper Prince tunnel of the Michigan-Utah to get under the bottom of the winze at considerably greater depth, when a raise will be sent up and connection made. Summarizing the $15,986,455 cash distributions made by American mines in November, the Mining & Engineering Engineer-ing World says: "Approximately one-half one-half of this amount was paid by the copper companies of $7,956,216, $5,-3S6.474 $5,-3S6.474 by the companies classed as gold-silver-lead-ziuc producers, and $2,-643,765 $2,-643,765 by the metallurgical companies." com-panies." Directors of the Utah Copper company com-pany will meet in New York this week and decide on the amount of the extra quarterly dividend to be distributed dis-tributed on December 31. The regular regu-lar is $1.50 and at least $3 extra, making mak-ing $4.50 a share on the 1,624,000 shares issued, is anticipated. From Park City comes the word that conditions at the Iowa-Copper are improving with every shift, and it begins to look as if Professor Clayton's Clay-ton's prediction made thirty years ago, that the biggest ore bodies in the l ark City district would some day be uncovered in the Scott Hill, is coming time. During the past year the Groom mine of southern Nevada has produced pro-duced $90,000 in ore. This property is located 100 miles southwest from Pioche and 60 miles from Indian Springs, the nearest railroad point. Premiums are being paid for jiompt shipments of spelter. More .ban 13 cents a pound has been paid .or December spelter, which a' week go could have been bought for about 2 cents, says the Boston News iureau. A reorganization of the Tennessee opper company with Adolph Lewi-jhn, Lewi-jhn, pres. dent, and Sam I.ewishon, ioe-presideni, was completed at a :eeting held in New York City. The ompany will b-lp1 the New Ten-iessee Ten-iessee Copper &. Gaemical company. G. W. Lynch, secretary of the Cuna-jah Cuna-jah Mining company, whose property s near Montello, Nev., has returned .rom the property and says that tt ooks very promising as a regular ihipper from now on, with the necessary neces-sary levelopment work tha : ,.-op. erty requires. |