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Show AROUND THE MINES Grauby Consolidated Copper, for the year ending June 30, 1918, shows profits, prof-its, after charges were deducted, of $1,327,132, against $3,900,210 in the preceding year. Potash production for the first six months f 1918. according to the United States geological survey, shows a total output .of 20.000 to 23,0(10 short tons of jrtir.e potash (K2 J), Indicating I hut the output for the entire year may reach 50.000 to (50,000 tons. Return from a carload of ore recently re-cently shipped by the Alia Consolidated Consoli-dated showed values of $40 to $45 a ton. The controls of this car carried 110.05 ounce silver. 4.10 per cent copper. cop-per. 5.1 per cent lead, 20.7 per cent Insoluble and 13.4 per cent iron. During the first half of this year the American Refining & Smelting Co, showed a total income of $9,745,525. It paid out in preferred dividends "2,125,009 and $1,829,940 in common dividends. This left a surplus balance nf $113,872, according to the official report. Directors of the Grand Central Mining Min-ing Co.. for many years operating In the Tintic district, last week declared u dividend of 4 cents per share, pay-nble pay-nble October 15. The company has liOO.OOO shares outstanding, hence the tlividend calls for the distribution of f.24,000. Production in September by the Anaconda Ana-conda Copper Co. combination of mines totaled 21.800,000 pounds of inetal, according to figures released last week. This shows a decrease of more than 3,000,000 pounds' of copper a month, compared -with the past several sev-eral months. The earnings of the United States Smelting & Itefining Co. in the first nine months of 191S will show approximately approxi-mately $3,674,331 (with September earnings estimated), after creating reserves re-serves amounting to $1,997,413 for depreciation, de-preciation, depletion, exploration, federal fed-eral taxes' and other purposes. From Boston conies word that bookings book-ings of copper orders up to the end of the year have been made by producers. The price to be paid on November and December shipments will not be known until, after the war industries board has made decision as to the quotation after the first of November, whfn the present 20 cents' price expires. Eureka Lily's new crosscut to the west has already brought, results, is the word that conies from Tintic. This crosscut was started a short time ago from the 1200-foot level to intercept the Eureka Bullion's north-south fissure. fis-sure. The cut is out 60 to 70 feet from the bottom of the main incline, and already is showing a lensed formation with streaks of lead ore. It is reported that there is being worked out a consolidation of three of the principal properties in the Polar Star district in northern Nevada, where Utah men own practically the heart of the mineralized territory. The idea is a merger of the old Polar Star mine, the Nevada Zinc, which purchased a portion of the old Polar Star, and the Tobar Mining Co.'s group. Representatives of all the big mining min-ing companies in the Butte district appeared ap-peared before the exemption board last week, and pointed out that miners within the draft age were necessary to the operation of the copper mines for war purposes. Mining men said they were not asking for total exemption exemp-tion for their miners, but wanted the fact recognized that skilled men necessary neces-sary for the production of metals were required. According to statements made by the manager of the Montana-Bingham Consolidated Con-solidated Mines Co., operating extensive exten-sive property in the Bingham district, the month of September, in spite of difficulties occasioned by the prevalent preva-lent shortage of labor, has been a busy one. with results that in the main are creditable and at the same time highly encouraging to those interested who have persevered In the face of many difficulties. Lehi Tintic is now running a crosscut cross-cut to the north which will prove of utmost importance iu many ways. This piece of work will connect the main tunnel from an old tunnel on the north side of the hills. The connecting link will be about 400 feet, and it will take DO days to finish the job. When this is done it will give excellent ventilation ventila-tion to the 2000-foot tunnel and shorten considerably the tramming of ore to the loading station. With a margin of less than $114.01X1 over all dividend requirements, the American Smelting & Refining Co., during dur-ing the six months ended June 30. experienced ex-perienced the most trying period in many years, says the Boston News Bureau. It was retlection to the fullest full-est extent of constantly rising operating operat-ing costs, whereas existing long-time contracts precluded any offsetting advances ad-vances in charges to mining company ciiints except where volunrarily offered. of-fered. A!ta mines have lately been delivering deliv-ering to the Little Cottonwood Transportation Trans-portation company daily about sev-i sev-i eiity-five tons. |