The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-08-19

With silver and lead both f1uctuating
widely the silver-lead producers of this
territory are not being worked TO their
fullest capacity and only an advance
worthy Of the name would stimulate
the tagging industry. There are but
few bonanzas which can produce silver
and lead at their present priests IL
cents for the former and 1913 for the
latter-with any profit to the owners,
and in consequence the output of ore is
falling off materially. There are one or
two rays of light visible in the gloom,
however, and it is barely probable that
within the next few weeks there may
he marked changes for the better in the
quotations of both silver and lead. 1t
is anticipated that the war between
China and Japan will force those two
countries to take a great deal more sill
yer for use as money, and this view is
being strengthened by the endeaVors OF
China to obtain a great loan OF silver
in Europe. 1t is thought to be but the
first step taken on the debtors road
Japan will also be forced to negotiate
loans, and as these countries take sill
yer almost exclusively, ii is bound 10
stimulate the production of that metal
IN the United States. Prices are al
ready giving indications of advancing,
and the producers feel considerably en-
couraged over the outlook. The indica-
tions are that the Senate viii either re-
fuse to put lead on the free list or will
adjourn without action.
The gold producers need no stimulant
and they are making good records, al
though the Marion and Sewer are the
only properties to which shipments are
credited during the week. The former
turned out $4,000 in gold bar and the
latter sent east about &c. 500 shipment.
On Monday the Mercur will ship its
two weeks production of cyanides,
whose value will be in the neighbour
hood of $4,000. Bars are due from sew
eral of the other producers and some
dust and nuggets may soon be received
from Osceola. where the annual clean
up is now in progress. The several
small Bingham gold properties are
sending in their usual amount of the
yellow metal, but the mill of the Stew
art is not in operation. The recent
caves in this property have delayed the
output, but as the repairs are now
nearly completed a general resumption
may be looked for within short time.
The company was to put on fifty men
last Wednesday but failed to do so.
On Monday the Hanauer smelters,
which have been closed down for near
ly three weeks, will commence blowing
in two furnaces and this will make five
furnaces for the three smelters south of
the city. Ore is coming in very slowly
to the SmelterS and the Hanauer is
now the only one to have any guam
tity on hanO. The good supply is due
to the fact that none has been used by
the plant since the close down. The
Germania is operating two stacks, one
on ore and the other on copper matte
The Pennsylvania reducedtits capacity
one-half and is operating but one
stack.
The construction of the 2OO-ton con-
centrator for the Bullion-Beck and
Champion Mining company, is by no
means an assured thing. The matter
has never received the consideration of
the board of directors, but a special
meeting is said to be on the tapis for
this week and at that meeting it is
expected that some mill talk will be in
dulged in. The need for a concentration
is very patent, and as the company is
now paying $4,000 monthly to its
stockholders, the argument is made that
the amount would be greatly increased,
If not doubled, by the passing of one
dividend and the application of the sum
usually paid out to the purchase and
construction Of the mill
Only fair progress is being made at
tne face Of the drain tunnel of the On
tario and there are but between 500 and
600 feet yet to go before the workings
of the mine will be reached. More bad
ground has been encountered and it
materially cuts down the number Of
feet made daily.
Judge Dergy and the other owners of
the Glencoe in the Camp Floyd district
evidently have great faith in Che prop
erty and are determined to find the pay
vein, which is surely on their ground.
A large force Of men is at work and the
ores now being taken out carry almost
a nn1r0T IF crg11 70 11-o
pay for the working. The Glencoe is
rated as one of the most promising
properties in the district and its own
ers are not discouraged at being forced
to DO considerable development swork
One by one the grading outfits which
are engaged upon the grade for the
Mercur and Salt Lake road are passing
the Mercur mill and going on the line
between the mill and the town. It is
but the question of a few days when
the roadbed will be ready for the ties
and steel
The timbers for the enlargement of
the Mammoth mill are coming in very
slowly and in consequence the frame
work is not going up with the rapidity
that the company would like. All of
the machinery for the plant is on the
ground and the continued delays on ac-
count of the failure Of lumber delivery
are becoming very annoying. It is ex-
pected that the piping for the new
water system which the company is to
put in will commence to arrive today
In which case the first work of con-
struction is to be inaugurated tomor-
row.
The completion of the Horn Silver
concentrator at Frisco and the an
nouncement which has been made that
operations would commence tomorrow,
will be hailed with delight by the peo-
pie of Frisco, for it means more work
for the unemployed miners and mill
men and the consequent disbursement
of a large sum Of money monthly. The
mill is to work the low grade ore, reg
ular shipments of high grade to con-
tinue as at present
BY the first of the month 1t is ex-
pected the Eureka-I1ill will be in con-
dition to drop stamps on ore This is
one Of the largest and most complete
like plants in the west.