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Show H- MINING NEWS J ' ' l WORK OF BELMONT 1 ' MINE AND MILLS il I The usual monthly statement of I' , operations Issued by the Tonopah - 1 Belmont Development company for I tho month of July Bhows a total of ! 10,415 tons of ore wcro milled, of ' -which 7,318 tons were forwarded to I. tho Millers' plant and 3,097 tons -wcro I gent to the Tonopah mill. The total I net profit for the month was $114.- i 081.38. While thl3 amount is ?llt133 less than the profit of the previous month, tho result waa anticipated for ; the reason that at first only very low grade ore was treated In the Tonopah Tono-pah mill until It was In full running v order. While August results will ) i. show much larger profits than July, ,f the full benefit of the new mill will :2? , h not bo fully apparent until the result o of operations for the month of Scp- J i tomber are Issued, says the Tonopah ' i Miner. jjl Conditions Underground. mj While there are no vory important 3m J changes In the underground workings .s3 4 of the Belmont mine this weelc, aro 3 It ore D0(l'e3 under development con- 3 XRl tinue to ahow most gratifying condl- 3UHa 1 tlons. TJ Above tho 1,100-foot level the shaft HJy F vein In the west Intermediate drift 6J7J I still shows a full face of splendid oro 9JJ1 L and tho raise from the footwall cross- aHnl cut under the vein has just broken HjM into the same grade of ore. Cutting Hi I out for stopes on this vein has now UjRl : been commenced. lOfjj : L Drifting east of the Belmont vein on Hi r the 1,166-foot level, beyond tho S Tesuro fault, Is now in progress on a XJI i full face of good mill ore. and tho east MM drift, on the thirteenth level, on this EJ i velng is still being extended on a full gj ' face of vory excellent ore. Cutting :jt out for stopes on this level, back from nKE m -u2 face of the drift, has now been SI started. gg II New Milling Ore. ajjj m The two raises on the Llllie Belle aa ft' vein show slightly improved values $&! te week. No 1 raise is in mill oro ilill slightly better grade. rhlft The drifts on tho new vein cut in B crosscut 1,001, on the 1,000-foot level, Wa W and on the Thanksgiving vein on the Oft m twelfth level are in low grade ore. JfjJff On the tenth level, crosscut 1,039 S&jljflS li has cut some small stringers of ore, yjMl buL thore Is no change in the other JM crosscuts being run from the different tH levels. H The -work of repairing and putting HE new guldeB in the Desert Queen shaft ijiswM below the 1,000-foot level is still in RqB progress, and it is expected that lat- anft ofal work on the 1,100-foot level will fK be commenced in a few days. eK New Mill Operations. InVM The report from the mill states that the new plant is running to the entire rurM satisfaction of the management, re- gK covering an exceptionally high per- B contage of the assay values from tho riH ors. In the past week an average of IjjVft a little more than 500 tons a day has pK been treated, but the tonnage will be jBfl gradually increased until the maxl- B mum capacity of the plant is reached. Vft No ore was shipped to the Millers MM plant, which Is now treating Jim But- liH ler and other custom ores. mV GOLD PRODUCTION OF JB AUSTRALIA IS LOWER Hf AdviceB from Sydney, Australia, Sm Mm Tn the first half of the year the Mm production of gold in Australia and MM New Zealand amounted approximate- Mm ly to 1,301,521 fine ounces, as against H 1,427,270 fine ounceB for the first half H? of 1911, or a decrease of 118,755 of H which western Australia accounts for ML 44.512 ounces. Victoria for 22,690 r ounces. Now Zealand for 23,022 H ounces and New South Wales for 10,- Hr 574 ounces. A comparison of figures K follows: K 1911 1912. Mm- Victoria 251,946 22S.985 HI Queensland . . .. 1S4.641 170.35 ft New South Walen SS.5S2 78,308 ftWr- Western Australia G72.359 627.S47 wl. V 'South Australia. 0,200 4,500 WSr 'Tasmania 16,000 14,000 CommonwealKfh . 1,219,727 1,123,994 Hf New Zealand . .. 207,548 184.527 ft Total 1.127.27C 1,308,021 B ; fc Approximate, I The Issues from tho Sydney, Mel-I Mel-I ' bourne and Perth mints In the half's half-'s year amounting to 4.602,228 pounds In 3 gold coin and 490.S22 pounds In bul-m bul-m J lion, a total of 5,092,810. Exports of I ! gold coin, including the amount M shipped to New Zealand, amounted m 5,105,000 ponnds, or 1,000,000 more 9 than the mint issues. On the other M hand, in tiie first half of 1911 mint ift Issues of gold exceeded shipments by aftl about 2.250,000. Boston Financial V News. Mi LEAD 18 ADVANCED MATERIALLY FRIDAY M , For the second time this week the H American Smelting and Refining com-'91 com-'91 pany has Increased the market price V of lead, another advance from $4.06 to 'm i 54.S5 per 100 pounds being reported '; yesterday morning. This ad-.anco Is U ? decidedly welcome to Utah lead pro-! pro-! ducera; it means more generous carn-Wu, carn-Wu, ings on the present tonnage shipped, 'Ml while should the inetnl reach to the ?5 point It will bring back to tho pro-'H' pro-'H' ducing column a number of proposi- tlons of Utah and Colorado whose cost of production is such that any price H less than $5 Is prohibitive, ft This advance In lead has been an-'MR, an-'MR, tlcipated by producing circles, for the 'JlPy s most emineut of lead authorities f greo that the present stocks of tho im metal are very much limited, and pro-ft pro-ft ductlon is being outdistanced by con-H con-H sumption. It is a recognized fact that L no new lead mining districts are be-'ft be-'ft ing discovered, and only occasional 'BB new mines aro being found to contrlb-I contrlb-I ute to the available supplies of the I heavy metal No now large produc- I era have been discovered in late I years, and from present indications I the year 1912 will close without D bringing forth any especially large lead discovery. ft Thore Is a continually Increasing 9 demand for lead mines, and tho ad- I vanciug market price will have the ft undoubted effect of stimulating this ft demand, and of calling attention to m load as well as copper. Copper so ft far has been the feature metal, whh K spelter and sliver also firm markol- ft wiae. Of all the metals lead so far Sgir this year has not shown much of an WKi i advance over last year. 1 - M |