Salt Lake evening Democrat. [volume] (Salt Lake City, Utah) 1885-1887, 1886-11-17
BUSINESS NOTES.
ComstOck AdyanCes-SwOrn state
ments-mackny,sN Movements.

The Comstock news of the 18th inst.
shows that the developments continue,
good cause for the rise in shares. The
superintendent Of the Consolidated Cal.
& Virginia mines makes oath to the fol-
lowing statement: "On the 300 level
q drift started north from the station in
the Consolidated Virginia shaft was adj
vanced GS feet; total length, 25G feet.
On the l ,435 level the drift running south
from the north end Of the mine was ex-
tended 20 feet; total length, $50 feet.
This drift is still showing good ore in the
face. An east crossCut sent in from this
drift carries the same quality OF
ore. SO far as explored this level
shows more ore than the levels
above and OF the same quality.
The 300 and 1,400 levels continue to
yield good milling ore. On the 1,650
level an uprase from the east drift shows
an improvement in the value of the ore.
During the past week 06l tons and 100
pounds Of ore were shipped to the Nor
gan mill, and ia tons and ,755 pounds
to the Eureka mill. The average value
Of all the ore milled during the week, ac-
cording to the assays from the battery
samples, was $36.6 per ton. During the
week bullion valued at $76,0l1 .93 was
shipped to the Office in San Francisco"
The Morning Appeal New says: at
is rumored that John Mackay proposes
to make mining boom on the Comstock
that will roll up in millions bigger than
ever. lie is loaded down with stock and
the developments are genuine.
Con. Virginia and California's ship
ment for the month reaches $20S, 200. No
wonder she is going up.
The Consolidated Cal. & Va. shares
opened at S17 and rose to $lS at the fore
noon session of the Board on last Mon
day. There was very marked advance
in all the other Comstocks. An immense
| amount of business was transacted. The
crowds of spectators present were larger
than ever
Three millions OF standard dollars were
coined last month. This is the largest
coinage OF any month.
Here in Utah there is marked re-
vival of interest in mining matters. 1t
can be felt in the air rather than meas
ured by extraordinary figures. Winter
has set in early with unusual depths Of
snow in the mountains. Shipments of ore
will fall off, but accumulations upon the
dumps will await the opening OF
spring. Money from the States and
the Old World is evidently moving in
the direction OF mines, and the presump-
ton is that developed properties or pros
pectively valuable prospects will be in
demand at fair prices from this time on.
| When stock speculation in Comstocks
revive, interest in mining generally in
creases.
The sales OF Utah stocks are over
Swallowed by dealings in Nevada shares,
but the rising inclination to invest in the
direction named will reach and favorably
affect our home corporations.
The disturbed condition of affairs in
Europe, and the certainty that the future
is full of peril, will force the surplus
European capital in the direction OF safer
investment on this continent Idle
money is plentiful now in the East, and
the mining industry, now that every part
Of our mineral territory is accessible by
wagon and railroads, will obtain its share
of capital seeking profitable employment.
Railroad and mining investments 90
hand in hand, they mutually dovetail
into each other. a very productive mine,
although in an almost inaccessible locali-
ty, will insure the building OF a railway
across or to deserted or inactive mining
district, will open its mines instanter.
Railroad building is now mainly confined
to the inter-mountain country in the ex-
tension of continental lines or feeders to
them. Every mine opened, every mill
or smelter set at work, is guarantee OF
business and profit to railways.
SO legitimate industry clasps her tire
less hands and marches forward to new
conquests and multiplied victories.