The Delta independent., 1889-11-19
MINING MATTERS.


states that there is at present 10000 in the
treasury; that against this sum there are
now due about 81, 500 in dividends, leaving
a balance available for development and
other work 81, 500. The report shows that
the mine is in very prosperous condition.
and that it can show that the present value
Of the same, that the dividends are all bona
fde and arc paid from the net earnings of
the stock.
The Republican has almost positive in
formation that Rio Grande County will as
tonish the world in early summer. Summit
district is a hard place in which to work
because there is almost perpetual snow
there. When the fact is established that
old South Mountain has within her hidden
recesses much ore which is better than
81 900 to the ton. snow and ice and storm
will cut but little figure. No difference
what the owner may think, the fact should
be known. Competent miners declare that
ex-senator Thomas NJ. Bowen is opening
up wonderful bonanza at Summitville.-
Denver Republican.
A special from Salida says: To day the
first shipment was made from the Hot
Springs iron mines. and from Monday on
fifteen cars per day will be shipped regu-
larly from that mine, while the Calumet
will be ready to ship as soon as the rail
road crew will have the track between here
and the mine in good repair. Business at
Villa Grove is picking up since the mine
began operations, and the force will be in
| creased to $50 men by the first of next
month. The Colorado Coal & Iron Com
pany's pay roll will stand next to the rail
road in this vicinity.
Mr.. Sam Melior came in this morning
from his l5-stamp mill at Mellorsville, on
| Silver Greek, and deposited at the Rocky
Mountain National Bank a gold retort
weighing 62 ounces, cleaned up from a nine
days run on ore from the Mountain Chief
mine on Tip Top Mountain. This gold is
| almost of coin value. Several days ago
| Mr.. Mellor left there I02 ounces of gold,
| which after being sent to the mint in Den
yer was to be worth 1895 per ounce. This
is the finest and best gold produced by any
Of the mines in Colorado.-Central City
Register-CalI.
Denver's fame as the best ore market in
the United States is constantly broadening
because her facilities are larger and better
and the cash is promptly Forthcoming for
ores OF the highest grades or the most re
fractory character. The Denver Public
Sampling works has recently received two
| cars of ore from Port Arthur, Ontario, ant
On Monday had notice of the shipment o.
the third car. This ore is purely silyel
ore. ruDning over 1000 ou noes in metalli,
silver and from ZOO to 1900 in sulphides
The owners of this ore had tried the bes
markets of the East without satisfaction
and hence have finally chosen this as su
| perior 10 them all, or in other words the
only market in the United States-Minine
Industry.
To a representative of the Republican
Mr.. Edward Eddy, general manager OF the
Omaha * Grant Smelling and Refining
Company, yesterday said: "Silver will q
TO q dollar within A few weeks" Over the
price not long ago of 90 cents this means
profit of s. per ton on silver ore carrying
- ounces. II is estimated that IN the
United States there is now produced zane
this likely includes the ore shipped int
this country from Mexico, where it /:
smclted and refinedl a trife over s. 600, ,Oo
| ounce per month. OF this the Genera
Government purchases each thirty days n
the market price, which unfortunately i:
established in London, silver to the valu,
| OF 5000, eco which is given TO the country
either in silver certificates or coin. Silver
is now more largely used in manufacturing
| than ever before nni tho ipn1nui for rh,
white metal keeps constantly increasing
This is true not only of the United States
but of Europe as well. The miners OF Col
orado and the West should feel encouraged
Since the election has ceased to be 1
leading object of public attention, The
mines are coming forward promptly t,
take its place as the center of interest. L
has been several days since any importan
strike was reported, but, on the day aftcl
election. news comes down from Tourtc
lotte Park that is of the most satisfactor,
character. The strike reported is in til,
Julia and Mackey, or rather the center sec
tion of those claims which is under lcas,
TO Lou johnson and others. The discover,
was u subject of much comment on tn,
street and lively interest was mani
tested. The facts of the find, ,as reported ar,
as follows; The contact was opeucd in tht
| property several weeks ago and some gooC
ore was found but not in sufficient guam
tity to pay, although large bodies of low
| grade mineral We're exposed. The shat
| cut the contact at n depth of l6o feet
Drifts We're started and have since beer
| vigorously pushed but without satisfactor,
results. Finally it was determined tha
the work was too low, that the contact wa:
of great thickness and that the drift wa.
running too near the foot wall to catch tn,
| pay orc. An upraisc was then orderct
ana in this the strike is reported; about L
inches Of grey copper ore has been strucl
and an assay from it returned !, sos ounces
| The find has not yet been sufficiently de
| vclopcd to determine its value but the par
ties Interested, after many disappoint
ments, are confidcut that they have ut las
opened a bonanza Aspen Times.
The ST. kcvin mines are all looking fine
The Griffin lower level is being s,cadil,
worked. The ore is the same as wa.
handled last month, The Reed National
mine and mill are doing excellent work
running full time, with all the ore tho,
can hoist and treat, aud are avcragius