The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1886-08-07

Encouraging Reports OF rhs
Work During the Week.

Work on the various mines
throughout this and surrounding
districts is being prosecuted with
vigor that ensures a more general
development of the mining indus
trv than ever before. While there
has been no great strike recorded,
the work already done during the
season goes to establish the fact
that as depth is attained the pros
poets are generally more encour-
aging. The mines of Smoky are
looking particularly we'll and the
Carrie Leonard and King of the
West are both giving such satisfac-
tory returns that the owners are
already contemplating extensive
improvement of the properties in
order to extract the ore and pro-
vide machinery for mining on a
far more extensive scale. The
rapid decline Of silver is a grave
feature in the mining situation OF
to-day and fears are expressed of a
general panic unless something
occurs to raise the market value.
4 great deal of indignation is ex-
pressed at the apathy of Congress
and the Administration in regard
to matter in which the personal
interests of so many are involved.
The only explanation offered seems
to be weakness of India exchange
and bankers being unwilling at
the present uncertain stage of sill
yer to deal in colonial drafts. This
naturally increases the general dis
trust and pressure on the market.
The opinion is expressed by our
eastern financial exchanges that n
rally is only question of a short
time. Our latest quotations are
Oh with lead at $3.50 which shows
no rally as yet but it is fervently
hoped that a silver lining will show
itself on the darkening clouds
before the great industry of our
people is completely paralyzed.
1t is the intention of the KEY
STONE to furnish as complete q
summary of mining news as posi-
BILE and superintendent, mine
owners and Others in position to
give US reliable information con-
corning their properties are reques-
ted TO send the same TO the KEY
STONE for use in our weekly Ie-
ports. Such communications
should reach Us by Friday morn
ing.
This gold mine, situated in Croy's
gulch, below HALEY, is getting into
shape TO give n good account OF
itself in the near future. An adit
is being run to crosscut the differ
ent stratas of ore in the vein. It is
expected to strike the vein seventy
feet below the point where work
was being done, when operations
were suspended. This will give
plenty of stopping room and at the
same time provide an outlet to the
water which now floods the mine
and interferes with work. The
CrGsus will prove a good piece of
property in time.
SILVER STAR MINE.
Twenty men are at work on the
3OO-foot level drifting. The mine
is looking well and prospects of
striking a good body Of ore is
promising. The owners are now
waiting for n report from the ex-
perts in regard to the best treat
ment of the ore before putting up
works at the mine The erection
of mill and concentrator, or a
blast furnace Oh the grounds is
contemplated.
STAR OF HOPE.
Eight men at work. Work on
the adit continues, and it is ex-
pected that the vein will be cut in
twelve feet further extension. The
work progresses day and night on
the adit, and ore from the upper
works is also being jigged and sent
to the smelling works regularly.
When the vein is reached cross
cutting will commence, and the
further developing of the mine be
actively prosecuted.
CARRIE LEONARD.
Shipments of ore continue and
the prospects of the mine are daily
growing brighter. Forty-two men
are at work in the mine. The ore
body looks fine and new develop.
ments are being made continually
The machinery for the concentra-
tor is soon expected, and when in
place will be started up immedi'
ately.
THE SILVER KING.
Work during the week has been
progressing favorably. Ten men
are at work. engaged in extending
drifts. Ore is being found in the
lower level of fine character, and
good results may be looked for in a
short time.
KING OF THE WEST.
Twcnty-seven men are at work
l.