The Magm. Copper Company, 14 Wall Street, New York City, has reported a net profit of $754,808 or $l.85 a common share for the nine-month period ended September 3D, <strong>1940</strong>. The amount compares with $972,288, including $122,731 profit on sale of securities, or $2.38 a common share for the corresponding period of last year. During the nine months Magma produced 25,- 196,811 pounds of copper. -.- William B. Laveen, 903 Pine Street, San }
consulting engineer and general superintendent; Ronald Heidrick, mill superintendent; and D. H. Miller, chief chemist j all of Box 726, Trona, California. The old Dreiaam gold mine north of Tuolumne, California, has been purchased by A. H. Keast of San Francisco, who will direct work at the property. Preliminary work is under way and mining operations are expected to start by early spring. The property is stated to have been a good producer in early days. James Hackett and S. B. Moore, leasing on the Minnehaha claims, one mile west of the Yellow Aster mine, Randsburg, California, have reported a shipment of 26 tons of gold ore, assaying $23 a ton, to Burton Brothers mill. The property is being leased from E. B. Maginnis of Randsburg. Production has been stepped up at the New (dria Quicksilver Mining Company, Idria, San Benito County, California. The furnaces are treating 400 tons of ore each 24 hours and an average of 570 flasks of qu icksilver a month is being produced. Underground operations are being carried forward in the Number 10 tunnel, which is being reopened for a distance of 2,900 feet to tap additional ore reserves. Material from the dumps left by earlier operators is also being handled in the recovery plant. A crew of 250 men is employed, under the direction of C. Hyde Lewis, general superintendent in charge. The new cyanide plant at the property of the Lava Cap Gold Mining Corporation has been completed and placed in operation, making the company entirely independent in the handling of its concentrates. In addition to the plant, a huge vault has been constructed for storing gold pending its shipment to the mint in San Francisco. The cyanide unit consists of 28 steel tanks, ranging from 50 feet in diameter and 16 feet deep to 14 feet in diameter and 8 feet deep. It will handle 25 tons of mill concentrates daily and is thought to be capable of operating on a large tonnage basis. The plant was built under the supervision of Otto E. Schiffner, general manager, and Bert Hardin, chemist, both of Nevada City, California. Underground operations include general development at the Banner and Central shafts. A crew of 383 men is employed at the Lava Cap mine. Dredging activities have been started on the E. A. Putnam ranch 2 Y.a miles northeast of Clements, California, by the Gold Hill Dredging Company. The equipment, whi ch operated at Loomis, California, for six years, has been reconstructed and modernized. It is estimated that the company will work at the present site for six or eight years. A crew of 30 men is employed on a three-shift basis. The company operates five dredges in California. Officials in the firm include E. B. De Golia, president, 904 Robert Dollar Building, San Francisco, Californiaj J. J. Coney, secretary-treasurer, 311 California Street, San Francisco, California; M. L. Summers, general superintendent in charge of operations; and N. Stetler, dredgemaster. Aalders and Prather, dragline dredge operators, have started dredging operations near Lincoln, California. The outfit has been working near Red Bluff in Tehama County, California. A tunnel and crosscut are being driven at the Dickey Bird property on Bellas Creek, 2 % miles north of the Cherokee mine, to reach territory thought to contain a large body of high-grade manganese ore. The mine, which also contains values in gold, is leased by Charles Tognetti, Route 1, Box 186, Watsonville, California, Beach Burdick, Route 5, Box 369, Watsonville, and Ned Burdick, also of Watsonville. The ground is owned by the Wolf Creek Timber Company. Burdick is in charge at the mine and Charles Tognetti is secretary of the <strong>part</strong>nership. W. E. Grant and Charles Bryan are installing a 35-ton mill at their Mildred Lloyd mine near Columbia, California. The men, who formerly leased the property, have bought out the C. E. Harthorn and John Fischer interests. Previous production from the Mildred Lloyd has been sent to the Selby smelter. John Kehl and Charles Burpits, Hollister, California, have a 20-year lease on mining property in the Panoche mining district from Henry Berg of Panoche and are engaged in exploratory work. According to the lessees the deposit is 50 feet wide and extends for three-quarters of a mile. It contains copper with some quicksilver, silver, and gold. . a the world . .' more than ~ {;O. years they the most exacting standards for ,nd dependability. . '.' , ", • THE MINING JOURNAL I." NOVEMBER 15, <strong>1940</strong> , Page 21
- Page 1 and 2: N ugge~s from ~he Wes~ern Sta~es Br
- Page 3 and 4: ing dredge, capable of handling 400
- Page 5 and 6: BEFORE 401. a Cell DtrtYtr 'Sub'A"
- Page 7 and 8: "NELL DON" PULVERIZER I have the pa
- Page 9 and 10: The Rupley Brothers, Placerville, C
- Page 11 and 12: On Juty 1st WKE crew arrived at ",l
- Page 13 and 14: --- LEON W. DUPUY· gives details o
- Page 15 and 16: Detachable bits of si:es greater th
- Page 17 and 18: Earl K. Nixon returned Au~ from Per
- Page 19 and 20: -.- The ere.cent Gold Mining Compan
- Page 21 and 22: is the Choice of California's Third
- Page 23 and 24: HELLMUTH R. BRANDENBURG* describes
- Page 25 and 26: COLORADO TRIES TO ASCERTAIN WAGE-HO
- Page 27 and 28: dragline dredge of 3,000 yards capa
- Page 29 and 30: ill Company, Stockton, California,
- Page 31 and 32: ANEW departure from o'dfashioned ro
- Page 33 and 34: appears. Ordinarily, it is found on
- Page 35 and 36: Company. Contract for all concrete
- Page 37 and 38: wmber, 1939. The im provement is du
- Page 39 and 40: insurance waR carried on machinery
- Page 41 and 42: -tl.. :f.:- ...J WUW Vl-t~,... -~z
- Page 43: were able to supply the bulk of the
- Page 47 and 48: I Where ODe chate equals teD In a r
- Page 49 and 50: .... rtion by the RFC. The plant co
- Page 51 and 52: Sonora, California, destroyed two b
- Page 53 and 54: According to E. E. Sisson, 456 Subw
- Page 55 and 56: PRELIMINARY REPORT IS OUT ON OREGON
- Page 57 and 58: fornia, the Eclipse Placer Engineer
- Page 59 and 60: Harold S. Chase, 1012 State Street,
- Page 61 and 62: ~ HORIZONTAL TO and gives you "dual
- Page 63 and 64: The Upper Narrow. Dam, on the Yuba
- Page 65 and 66: NO STALLING ~ SHUTDOWN Because the
- Page 67 and 68: -Q- The Solid Silver Mining Company
- Page 69 and 70: AKINS CLASSIFIEBS EARN EXTRA PROFIT
- Page 71 and 72: BETHLEHEM HEAVY-DUTY MINE-TRACK ACC
- Page 73: MINING INDUSTRY IN MEXICO SEEKS AID