The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-03-23
FINANCE AND MINING
Encouraging Signs in the Lead
and Silver Markets.
THE ORE AND BULLION OUTPUT.
The Third Term Mine Near Grantsville CON-
ing TO the Front-A District That
is Exceedingly Promising.

The one big sensation in business and
mining circles during the week just closed
was the planting of the suit by the Bullion,
Beck and California company against the
Bullion, Beck and Champion. Up to last
evening, no answer had been filed, but it is
thought the position to be taken by the
defendant company will be given to the
public during the early part of the present
week. Application to one of the defend
ants as to what would be the line of the
defense, elected the response that it was
not deemed advisable to say anything until
the answer had been filed in a legal way
The indications now are, however, that
one of the biggest legal battles ever seen
in the west will be the result.
The circular sent out by the Utah Ore
Producers association, and which was pub
lished in our issue of Saturday, will be ex-
tensively circulated throughout the Utah
mining districts, and viii doubtless meet
with ready response from all those inter
ested, and this includes every man who
owns foot of mining ground in the west
ern states and territories. Mr.. James says
the Ore Producers association is in earnest
in the matter, and can make strong fight,
If the information asked for is furnished
promptly and as full as possible. The
blanks accompanying the circular call for
the following information: Name of mines
and the district they are in; patented or
unpatented; producing or non-producing !;
shipments for the year; if formerly pro-
ductlve, the causes of non-production at
4l,.a, If
character of ore and metals produced; class
of veins and formation of rock; depth
and such other general information as will
naturally suggest itself to the mine own
ers or operators. The information is de-
sired for two purposes: First, to meet the
argument now being made before Con-
gress, that we cannot in the United States
produce smelling ores, and that we have
to depend on Mexico and the Dominion of
Canada for fiuxing ores; and second, for
the eleventh United States census, to be
taken this summer
The information brought in yesterday by
MIR. Thomas w. Jennings, who has Just
returned from three days. trip, during
which he made thorough examination OF
his Third Term mine and other property in
the vicinity, will cause considerable of a
commotion in mining circles. This mine
which is situated about ten miles south
west of Grantsyille, has been worked fol-
the last six months under the management
of Adam Paul, and has developed into one
of the largest lead mines in the territory
Mr.. Jennings says there is now in sight, By
actual measurement, 10000 tons of ore that
will average over 40 per cent lead and
fifteen ounces silver, and 10000 tons Of
concentrating ore that will average ovel
Is per cent lead and five ounces silver
They will not be able to resume shipment.
for thirty days, on account of snow. TIL,
Third Term mineral belt has been located
for two miles, and galena crops out il
places the entire length. If the minera
deposits in the new location are as large a,
the Third Term, it will be the creates
mining district in Utah.
Business generally during the past 81,
days has been exceptionally good, the sea
sonable weather having had an exhilarat
ing effect upon the spring trade, which vii
fairly hum within the next few days.
The warm weather has also Matched GU
numerous business and building scheme
which have been lying dormant during tn
winter, and the results are already begin
ming to make themselves felt.