OCR Text |
Show AROUNDJHE MINES Export Miipnicnls last year amounted amount-ed 10 479.121.C.NI; pounds of copper. This is N.U per cent of refined production, pro-duction, or virtually the same as in 1919. Lead mined in Idaho during 192(1 totaled 270.-1 1 ;S..i(;S pounds; zinc. 11.-9.S1.0IKI 11.-9.S1.0IKI pounds; copper. 1.9X1.200 pouitd: silver. 7.-l9."i.71.'t ounces, and gold, 24.047 (unices. Not since Ihe days when free silver and a double monetary standard were political (tiesiions of international importance im-portance has Mlver attracted so much attention as during 1920. Increasing interest is being taken by eastern capital in the alunite deposits of Utah. Several large concerns are quietly doing important work In the state, while others are planning large activity. Total pr'duction of refined copper during the year 1920 amounted to l.G70,750.-l'.ifi pounds, according to Copper Export association statistics. Tills is 18.1,000,009 pounds below the 1919 total, a decline of 10 per cent. The first cut in the price of Wyoming Wyo-ming crude oil since 1917 occurred January 2rj, with Hie announcement by the Midwest Refining company that the purchasing price for practically prac-tically all grades would he reduced HO cents a barrel. News has been received of an extremely ex-tremely rick strike of gold ore in the Elko I'rinte mine in the Gold Circle district in Nevada. It is said that on the 750-foot level there is a face of ore four feet wide that runs as high us $2,000 to the ton. The Emerald Oil company of Yerna Utah, last year produced 14.04o barrels of crude oil from its Uintah basin properties. The production cf the company was handled by the Raven Oil' & Refining company, which contracted con-tracted for ihe output two years ago. The general slump in stock prices throughout the country has not affected af-fected those of Eureka, Nevada, district dis-trict mining compani is. In spite of the fi-11 in the price of I lad, the improved showing in the mines of Eureka has more than offset any bear influences. Excellent progress is being made at the Tar Baby mine, according to the latest reports from the mine. A distance dis-tance of lGo feet has been covered in drifting from the junction of the north-south and east-west faults struck recently in driving the Tar Taby tunnel. Plans are being made by the management man-agement of the Virginia Louise Mining company to increase its production. Recently the capitalization of the company com-pany was increased to 91,500,000, which furnished 500,000 additional . shares for financing the installation of new equipment. At the beginning or 1920 surpms stocks of refined copper amounted to 702,121,233 pounds, which, after deducting de-ducting the excess of foreign and domestic do-mestic shipments over refined output, would indicate' stocks of surplus copper cop-per had been drawn down to 641,-474,486 641,-474,486 pounds. The raise at the Imperial Mining property above Burko has now reached a point about sixty feet above the tunnel level and while the rock still continues to be very hard there is a noticeable increase in the amount of ors coming in. In the past few feet a carbonate of iron well Impregnated with galena has been opened up. An increase of over $13,500,000 in the gross value of the mine products of Idaho in 1920 over those of 1919 is shown in the report Issued by Robert Rob-ert M. Bell, state mining inspector of Idaho. The value of the miner.-il products for 1920 was $32,854,857, compared with $19,10S.723 in 1919, an increase of $13,746,134, the report said. Frank Lamy, 55, one of the picturesque pictur-esque prospectors of Montana, who has searched In vain for many years for gold and rich ores, has discovered a fortune In a rich legacy awaiting him instead. All he has to do to collect col-lect between S30.000 and $40,009 is to go to Menominee. Mich., renew his acquaintance ac-quaintance with old friends and relatives, rela-tives, prove his birthright anil await the decree of the court. Some excellent showings have been made in the Southwest Comstock property, under lease to the Dixon brothers, says the Carson City (Nev.) Appeal. Early last week a drift toward to-ward the west was started and Ihe round of shots opened up the largest body of high-grade ore so far uncov ered in Hie workings. Some of the specimens brought to town are of bonanza bo-nanza quality and practically all metal. Mine owners and leasers of the Park City district have rereived another jolt which will add to the burdens of both ai'd make it harder for both to keep "things moving" until such time as readjust. re-adjust. nenl stimulate ..iid revigorate tire mining industry. Because of Hie increase in smeller charges, the 1921 contracts signed by the leasers will reduce re-duce their net returns on all ore shipped ship-ped by them. From a great mineral deposit near Barstow. Cal.. an excelleir quality of natural soap is, now beii g produced in cornniecial quantities. A new industry, in-dustry, said to be the only one of its kind in the world, is turning out S00O pounds of soap a day in Los Angeles. Vlie Tonopah Divide mine is developing devel-oping an important ore body of high grade west of the shaft cross-cut on the 165-foot level, where drift 102 has been extended sixty-five feet with the face still in ore. Samples across the drift have run as high as $140 per ton, with frequent assays of $50 to $60. |