Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-06-20
MINES And REALTY.
Outlook at the Indian Greek District,
Beaver County.
REAL ESTATE MEN AND sALTAIR
The Uiniah Asphalt. bingham News.
Beaver Items. -NisceilancOus
Matters.

over the outlook for mining In the
Indian Creek district The camp Ia
located mile above Judge
MoGarry's farm on Indian Creek,
and ten miles from Beaver
city. The Judge says the claims there
arc being developed with most satis-
factory results, and several good strikea
have been maize recsl tly, The prin-
cipL trouble is that most OF the owners
ure without sufficient capital TO proper.
y WORK their claims, but as these are
very rich the owners hold them at a
GOOD figure for intending purchasers.
There Ia grand opportunity, says the
Judge, for capitalists to make Arioh
tning out Of Indian Creek
nines, as they are gold pro.
Queen, and have plenty Of 1t at that,
ald the product Is not subject to the
tepfession which cones In a silver
market.
Regarding the 1925, 900 option which
VISA given on the Rob Roy, aud
which the intending purchasers failed
To raise within tbs iiftoeu days limit,
Judge McGafry tanks the iigure was
low, ns tho mine has n great prospect,
with iorty feet Of ore along ils entire
rnpth. lilo says that Indian Greek
iu.st come TO the front In the near
zee ure, Notwithstanding the fact that
,umpafativoly little capital IL being
Invested there at present, M II has
lns mineral wealth Ia its mines.
THE TXcHANoE FXcUR7IoN.
At the Real Estate Exchange meet.
INK today no business OF importance
Was transacted. One topic OF discue-
ti1u was the establishment Ola mining
r.uck exchange In connection with the
l,c,i Estate association, but nothing
,tlluto was arrived at.
Tao exchanges excursion 10 Sallalr
uu Tuesday next now absofba con-
siderable attention from the exchange
u.DnUrfs, VINO are working up the
advertising, pri1us, program, etc.
Turty.oGu firms, including the leading
tuHiurss housua IN the city, have con.
tauuod prizes for the euccessiul
pnflles In the various contests which
nre to be- held ut the lake.
The program In being arranged
ana will be completed this afternoon.
10 includes swimming contests, foot,
sack, tub and bicycle races, fancy
dancing, tug OF war, and other games.
The prizes will be placed ON view In
HOllnndef's window. There will be
full service Of trains over the Salt
Lake q Los Angeles for the excursion.
lists.
UfNTAII RESERVATION LEASE.
Ata meeting held In Denver on
Saturday afternoon the stockholders OF
the American Asphalt company
elected the following officer: Prosi-
lent, Robert Is. Mooney Of New York;
secretary and treasurer, Michael J.
Murray; directors, h. u. Mooney, NJ.
j. Murray, Amnsa Thornton, James
#. Pierce, all Of New YORK city, and
William A. Perry and William IL.
LacoBle OF Denver. The company hns
leased tract OF land consisting u
100000 acres Of the Ulntah anu I'M
cOmpahgte reservation In Utah. The
Denver AoiOs states that "On this tract
81 the only asphalt In America, Gli OF
this material hitherto coming from
'tiinidnd and the Weet Indies. There
y also little found in Egypt, The
Importance Of this lease will be seen at
once when II Is considered that the
company thereby obtain control Of this
material IN this country. Another
valuable thing ON this land IL sub.
stance known ms ellaterlte, which Il
the only known substitute for rubber.
Assam evidence OF the value VI ellRter-
ite prominent rubber company has
ordered $4,000 tons OF It," The state
ment that on the land included in TIA q
American oompnny's lease, which, by
tbs way, IL not yet confirmed, IL "the
uanhalN In nnnFlaa - "a
wide VI the mark. "SAlt Lakes prln.
ciphl streets are now being paved with
Utah asphalt from outside the resetva.
lion, the asphalt beds OF the Wasaich
company being some distance from the
reservation liue. There n also asphalt
In California. Not only does the
American company not control NIL the
asphalt SIN this country" but II does
not control the best, as that now used
by the company which Ia paving East
Temple street II equal 10 anything
that can be on the leased grounds, DO.
ing DO per cent pure.
BINGHAM "DULLETIN" ITEMS.
Steady work continues ut the Luck
hoy aud Queen mines In Black Jack
H'irh.
Work continues ON the Rough and
l,aAdy mine, and a nice lot OF ore Ia
t,ug taken out.
Auls activity at tho properties In
Maiiham guloh, ana the owners and
'teiYtori are all feeling In the best oil
rHf.r.
ihr Mlllner concentration, In Derot
Nart, running steadily aud turning
Gus aUlut n carload Of concentrates per
uuy.
Mcssrs. Lee 4 Roberts are putting
"a ime on thp old Yampa property
Nnd eutellaiul great expectations Ia
WORKING that property.
Further aud iuTther into tho bowels
- tue earth extends the long Butter.
N"li tunnel each day. Night and
NNf WORK, without halt, with good,
'uJy force OF men, Il tue order, and
'r'uB strictly complied with, every.
Ing runs smoothly ana the best 70.
t.l.lp arc obtained.
Mills BrOthers, who are treating ore
DO lao Ola Telegraph mine by the
'Nuule process, are meeting with
STEERING success. When they are
Co., urh treating lot Of ore there IL
'ut 4 little OF value left in tho tAllings.
i!p framework OF the new con.
rehuatlng plant OF thu mouth OF
AAihham guloh Ia up, the boiler and
'ugine are being placed In position,
hud things are assuming quite busi.
hrss appearance In tusG quarter.
The drag trail up Cottonwood gulch