The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-09-16
FROM THE MINING CAMPS.
But Few Developments During
the Past Week.
MINING MEN HOPEFUL
COPPER PLANT DIRECTORS ARE
EXPECTED HERE TUESDAY.
The Local Stock NIari1et-An Increase
in the Ore and bullion Receipts
BuIIion-Beck Employees Paid OF
Work of Retimbering the Main
Shaft of the Horn Silver.

Shaft OF the Horn SILVER.
The past week has been an extremely
uneventful one in mining circles, the
usual run of things not even having
been disturbed by any violent ffuctua-
lions of the metals. Until Friday, the
tendency of silver was downward, and
the metal lost steadily for the first
four days in the week, but on Friday
the turn came and the quotations have
ruled higher. Operators are still firm
in the opinion that the metal will yet
do something handsome, and the san
guine ones are building in accordance
with their hopes. The gain yesterday
was one point, the closing being 643s
cents, as compared with 63A on the
day previous. Lead has remained sta
tionary since its recent slump and is
still quoted at $3.05 here, but $3.50 in
New York by the mining journals. II
is the general opinion that there will
be no upward movement, for some time
at least, one of the arguments being
that there are number of heavy con-
signments of foreign lead awaiting an
advance before the owners will dump
on to the American market. With the
metal going at S3.05, it is claimed the
foreigners can be kept out. These f1uc-
tuations of the markets of the chief
metals do not seem to have much effect
upon the productions Of those proper
ties which are being operated, and
while the returns are naturally a. great
deal less than formerly, sails are being
trimmed in accordance with the wind
and the various barks are sailing on
much the same as usual. The furry
in silver some time ago did have the
effect of stimulating the production of
ores somewhat, but that feeling soon
wore off and is now a thing of history.
Smelling people are still complaining of
the shortness Of the ore supply. They
see but little if any change in the
amount being produced, and but for
occasional rich shipments the returns
for the week would not show up very
favorably. Each of the smelters in
the valley is still operating two stacks
and eating up all of the ore offered in
the markets.
AS is the case with the silver-lead
properties, the gold districts are turn
ing out about the same amount of the
precious metal as for the past few
months. They have all settled down to
regular production, and as the time
for clean-ups arrives the usual values
are there waiting to be finally treated.
Returns from the Mercur's last ship
ment were received on Friday, and as
was intimated might be the case, the
total for the last two weeks in August
was not as heavy as that for the first
TWO. Another cleanup is now in prog
gress. The Incorporation of the Marion
is said to mean that the property is to
be even more extensively developed than
formerly. 1t has for months been put
ting out two bars month, valued at
about $4,000 The other claims of the
camp Floyd district are also being de-
Veloped IN a systematic manner, and
the showings being lrade are very fiat
tering, this being especially the case
With the Glencoe and Sunshine.
Active operations having been CON-
menced on he property of the West
Mountain Placer Mining ccmpanz,
Messrs. Dern, Spooner, Airs AMI sew
eral others &c the N: crested parties
VIII leave for Bingham this morning
for the purpose o.. making an insrec-
tlon In sinking the Shaft the MINERS
nave encountered considerable gold
bearing sand, ouS Il is the intentiGn If
the company To each bedl oCK before
any washing is done. The Stewart is
sun IN operation, hut no returns have
been received from ritis property r,1r
several months. y number CT other
IN considerable quantities and the out
put OF the camp is no mean amount.
Inc two companies which have been
organized for the purpose of develop
ing the promising gold claims between
the CottonWoods, are working regular
forces and meeting with a great deal
Oh success. While neither has en-
countered the main ore body both have
cut strlngers of great richness and
toll
small veins is f1ecked with free gold
assays of the ore give as high as 81. 900
operations will not be allowed to flag
the members of the companies feeling
certain that they have big things
directly within their reach.
Out at Osceola the annual clean-up is
now nearly completed, the water in the
West SIDE canal having practically dis
appeared. The company which owns
and operates the placers will as usual
realze some good dividends.
! superintendent Chambers, of the On
tarlo, yesterday received the informa-
tion that the workRen at the face OF
| the drain tunnel are making about six
feet day in firm ground which needs
no tlmbers. The Ontario yesterday
shipped $4,000 fine ounces of silver. but
4 the DAILY did not go on record with any
product.
| The remaining directors of the Salt
4 Lake City Copper Manufacturing com.
! pany are expected to arrive in the CITY
not later than Tuesday and then tte
meeting, at which so many things in
connection with the plant are to be de.
clded, will be held. The two furnaces
OF the plant are turning out the copper
bullion in splendid shape but no shin.
ments are being made.
! BY degrees the Eureka-EIill mill is
| getting into full operation and within
a short time the first bars will be pro.
duced. So far everything has worked
to charm. AS is his usual custom
Mr.. Packard went out to Eureka las
evening and will be absent from the
city at least until Monday.
! 1t is anticipated that the new water
system of the Mammoth Mining com.
pany will be completed by the end Of
| the month. The trench has been fin
ished and the pipe is being put down
This system will conduct the water OF
Cherry creek to the mill of the com.
pany and the town of Mammoth. Fai,
progress is being made with the en-.
largement of the plant to forty stamps
| Negotiations are still on looking te
| the resumption of operations at the
Indian Creek mines in Beaver county
and the indications are that within 2
comparatively short time some exten.
sive work will be done lin the district.
SELL ON LIGHT MARGINS.