Salt Lake evening Democrat. [volume] (Salt Lake City, Utah) 1885-1887, 1886-11-24
BUSINESS AND MINING ITEMS.
Mining sales ana New strikes
Idaho Coming 10 the Front.

Idaho Territory is attracting great at
tention as a mineral country. Old and
new mining districts are coming to the
front. The Wood River country has an
established reputation as the home oil
well developed, productive mines. The
Cnur d'Alene district, OF later discovery,
is claimed to have the most promising
outlook for placer and ledge mining OF
any district in the Territory. By the
way, the Murray Sun is authority
for saying that Mr.. Lewis Martin,
one Of our Salt Lake citizens,
and most successful and experienced
miner, has captured one Of the mining
prizes in that section. He has bonded
three. quarters OF the Gold Hunter mine
to John Hackett, OF Minneapolis, Mimi,
for $40 700. The first payment of $4,000
has been made, and the final settlement
is to be made on or before June 10th,
1887. "Lew" Martin has many friends,
and all will be glad that his old luck still
attends him, although it is good Judg-
ment and strict attention to business that
furnishes the clue to his success.
The Cnur d'Alene San says that the
Yankee Lode, near the junction OF Big
Creek and the South Fork, has been
bonded for $4,000. New discoveries are
announced in the Minnie Moore mine.
The vein Of galena averaging over 100
ounces OF silver to the ton, is from four
to ten feet wide and growing better as
they go down. The Queen OF the Hills
keeps the even tenor Of its way, increas-
ing its facilities for working and paying
continuous monthly dividends of ten
cents on a share to its shareholders.
The Virginia City Evening Chronicle of
the 22d. says of the Con. Cal. & Va. ore
development: "a calculation based
upon official figures gives the ore develop
ment an area sufficient to require over
two years and half to extract it at the
present rate of production, which
averages $500 tons per week, producing
bullion valued at over 100000. This
putput, if continued, will admit of the
disbursement OF $40 per share in divl-
dends before the deposit is exhausted.
Under such favorable auspices $50 would
be low figure for shares in the mine"
The same paper says: "The strength
exhibited by Potosi is due to encouraging
reports OF the extent OF the ore develop
ment on the upper level, which bids fair
from present indications to rival in pro-
portions and value the ore deposit in
Con. California & Virginia. This morn
ing the south drift showed ore for dis
lance OF eighty-four feet, giving an aver
age assay value across the face OF $40
per ton.
The following items are clipped from
our exchanges:
Fourteen mines at Aspen, Colorado,
have produced $S,000,000.
The English mill property at Reno is
said to have been sold to New Jersey
capitalists.
The Reese River ReveiHe denies the
rumor that the Manhattan group of mines
in Austin have been sold.
The stamp mills of Montana represent
an investment of 100000, 900, and mining
machinery as much more.
The total lead bullion product of the
State Of Colorado from January 1st to
July LIST, 1886, was 10000 tons.
The silver and zinc mines at Roanoke,
Virginia, We're recently sold for 5000, 900
cash to London, England, capitalists.
Ore from the Sierra Nevada mine at
Spokane Falls, Washington Territory, is
said to yield l 200 ounces in silver to the
| ton.
f. Il. Cavanaugh, miner, died sud-
denly at HALEY, Wood River, Idaho,
last week from an attack of hemorrhage
of the lungs.
The new teaching works under con-
struction for the Phoebe Consolidated
Mining Company are rapidly approach
ing completion.
Mexicans are getting gold out OF old
placers near Greenwood, Arizona. They
sunk shaft to bedrock through gravel.
In three weeks over 81 800 was taken out
by few workmen.