OCR Text |
Show AROUND THE MINES A Green Cananea Copper cosr-pacy official denies that any of its employees employ-ees have been warned to leave Mexico. Systematic development with atten-uou atten-uou to the geology of the district is bringing results at the property of the Carrie Silver Mines corporation, according ac-cording to word that comes from Ton-opali. Ton-opali. The new Oliver filler has been installed in-stalled at the mill of the Rochester mine, in Nevada, and from loO fo 100 tons of ore are being sent through daily. The nun heads'are averaging ten ounces of silver and from $1.50 to $2 gold per ton. Kennecott Copper corporation, being a relatively low-cost producer, is one of the few copper companies that is earning its current dividend, according accord-ing to the Boston News Bureau. Net income is running at the annual rate of more than ?2 a share, after taxes. Rediscovery of one of the lost emerald em-erald mines in Colombia, South America, Amer-ica, where flawless gems of a rich and vivid green, valued as high as $1000 a carat, have been found in almost al-most unlimited numbers, became known the other day, according to tlie New York American. Just as fast as it is able to procure additional workmen, Utah-Apex Mining Min-ing company is increasing its production. produc-tion. At present it is producing 500 tons of ore per day. This is ahead of the schedule set by the management when it resumed mining operations around the first of September. The Uintah valley's freak oil stream, which is situated a few yards over the Utah state line in Colorado, will he intensively developed. The refinery now at the oil stream sire will be moved a distance of four miles to Dragon, on the Uintah railroad, and drilling activity commenced soon. The production of coal in Alaska in 191S was 75,600 tons, valued at $111,-850, $111,-850, according to the United States geological survey, department of the interior. This may be compared with 53,055 tons, valued at. $265,317 in 1017. The production for 191S was by far the largest in the history of coal mining min-ing in Alaska. Extraordinary activity prevails at the new Arrowhead district, sensational sensa-tional developments in which have attracted at-tracted the attention of the mining world from the Tonopah Divide, Simon Si-mon and Birch Creek districts to this newest Nevada camp, which lies 125 miles from Ely and seventy-five miles from Tonopah. The Boston Consolidated workings at Bingham, of the Utah Copper company com-pany were closed down last week. It is not likely that any more work will be done on this part of the property before next spring. The men will be given work on the lower levels of the property, so that no one will be thrown out of employment. Activity in what are claimed to be oil lands in southern Idaho and eastern east-ern Oregon has been noticeable the past week. . One of the big well-drilling outfits that has been in opera! ion has been moved, into eastern Oregon, near Vale, where the Western Oil and Gas company, expects to compete a well that is now down 1100 feel. The recent strike in the Carrie silver sil-ver property, about eight miles from Miller's station, Nevada, is of much greater Importance than was at first reported. According -to the report from the mine, a shoot of ore has been encountered on the 100-foot level that runs from two to four feet wide, and tlie ore will run close to $100 a ton. The Federal Mining & Smelting company plans the erection of a modern mod-ern clubhouse in Mullan for the benefit bene-fit of the company's employees at a cost of $50,000, according to a report from Mullan, Idaho. The plan is the result of an effort on the part of the company to bring about a more friendly friend-ly feeling between employee anil employer. em-ployer. Samples taken of twelve feet of 1 1n? east side of the tunnel of the Utah Silver-Lend Mines in Cottonwood canyon, can-yon, near Stilt Lake, which Is thought to be breaking into tlie hanging wall of the vein, showed an assay report of 36.2 per cent lead and 2 ounces of silver; a sample taken two and a half feet from the face, 9 ounces of silver and 54.5 per cent lead. In spite of the condition of the copper cop-per market, the so-called porphyry-coppers porphyry-coppers last week declared the usual dividends at the meetings of their board of directors. The Utah Copper company, which Is the original of them all, declared Its usual quarterly dividend of $1.50 a share; Cliino ( 'p-pcr 'p-pcr posted a dividend of 75 cents a share, Ray Consolidated 50 cents, and Nevada Consnlidjiled of Nevada 37',2 cents. November sales on tlie Salt Lake stock exchange, which show an increase in-crease of almost $1-5. (too, to a total of 2.100.GS1; shares soli with a market mar-ket valuation of $ I-IC.STK.OO, are a fair criterion by which to judge the health of the market. Statistics compiled by the geolofi-cal geolofi-cal survey In mineral resources of the United States, show that the proline, rlon of laic in Vermont has increased f "':( i"S short tons, valued at ;:.. rc". in ion."., to ;i.'!.:;ii short puis, vhi- at $(',25. 150 in 1 :i 1 7. ili'h prices have brought a mining boom to the famous silver camp of A-jn ii, Colo. Virtually every project Is being worked ami the four tunnels under operation are being pushed with feverish activity in an effort to i reach tlie ore bodies while the price I ... i |