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Show ! AROUND THE MINES i . ! A new hoist is being installed at the Tiutic Standard. When this work is completed, officials state, they expect to be able to double their output. LHrectors of the American Smelting & Refining conipuny in New Y'ork declared de-clared the usual quarterly divideud of 1 per cent on common stock and 1 per cent on preferred. The weather continues most favorable favor-able up at Alia, and a larger tonnage of ore is expected to be shipped out of the old camp tlos season than probably prob-ably ever before in its history.. On the Iron King property. East Tiutic, a rise to the surface is being made and within sixty days it is expected ex-pected that shipments of iron flux ore will lie made to the smelters. A shaft is also being suiik-l-loO feet in depth. A pioneer of the Willow Creek district dis-trict was an Ely, Nevada, visitor last week, and states that there is now considerable work being done in that section, and that the district Is receiving receiv-ing visits from mining men from various var-ious sections. It is reported that some of the big smelting concerns of the west are beginning be-ginning to put out feelers for more ore, and that the matter of again looking look-ing up meritorious' properties, with a view to purchases, is contemplated for the near future! Mason Valley Mines company has issued is-sued its annual report for the year ending December 31, 101S, showing surplus after charges aud taxes of $17S,202, equal to 35 cents a share (par value $5), earned on the 500,000 shares of capital stock. The Tiutic Coalition is anticipating a busy season. Work is now being pushed in the south, drift to pick up a fissure which1 some years ago produced pro-duced good shipping ore from near the surface. The Coalition is located in the south end of the Tiutic district. The state board of equalization has about completed its work of assessing the metalliferous mines of Utah, and also of the public utilities coming under un-der its control. The work is now largely large-ly with clerks, wdio are tabulating the results and sending out notices to those interested. According to the Reno Gazette, the consolidation of the mines in the Rochester Ro-chester district, including the Rochester Roches-ter Mines company, the Rochester Elda Fina Mines company, the Nenzel Crown Point Mines company, and the Rochester Merger Mines company, is being perfected. Driving of a crosscut to the vein on the fifth, level of the Tonopah Divide has not yet been started, the delay being caused by the erection of new electric machinery. The fourth level crosscut is being continued in good ore, with which material being found in quantity at numerous places. Optimists who prophesied with the removal of the embargo and the standardization stand-ardization of price on silver that the white metal would rise in value and as a result, Utah, the second greatest silver producing state in the Union, would enter a period of great mining activity, may see their hopes realized. The high price of silver has brought new life to the old time Cherry Creek Nevada, district, which for many years was one of the principal producers pro-ducers of the white metal in the eastern east-ern portion of White Pine . county. There are a considerable number of old mines in that section which doubtless doubt-less can. now operate at a profit. . : According to the Goldfield News a station is being cut on the 400-foot level of the rich Simon lead mine, situated sit-uated in the Bell district, east of Mina,' and a crosscut Will soon be started to open the vein at this depth. The Simon Si-mon . is generally considered one of the truly great mines of the state and a huge tonnage of ore has been blocked out. , . According to telegraphic word from Valdez, Alaska, a new gold strike on the Y'ukon river which is attracting considerable attention is , reported hy former United States Commissioner A. M. Kilgore, who arrived at Seward last week from the scene. Judge Kilgore Kil-gore says he does hot wish to start any general stampede to the scene, but believes' the camp will make good. The Big Hill Mining company has called a meeting of the stockholders' at Prove f Utah, for June 2 for the purpose of electing a board of directors direc-tors and voting on the proposal to amend the articles of incorporation increasing in-creasing the capital stock of the corporation cor-poration to $100,000. All surface miners of British Columbia Colum-bia are now working on the basis of an eight-hour day prescribed by statute. stat-ute. While many properties worked the surface men eight hours in the past it was largely a matter of local adjustment with the attendant labor dispute and frictions. Two quarterly dividends of $150,000 each have been declared by the Hecla Mining company, operating the famous producer in the Coeur d'Alenes. Each, will be paid at the usual time, the first on June 2S and the second on September 28. Many western mines produce ores showing considerable amounts of zinc, and some of these had their profit cut almost to the vanishing point by the prices' quoted for this metal during past months. There has apparently been no amelioration of this condition. Gold men are fairly well alarmed over the continued lower output of the yellow metal year by year, prob-1 prob-1 ably appreciating the fact that it is only a question of time when there will be an irresistible demand for silver and no longer a debased bimetallic basis. |