The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-09-30
A Considerable Revival in Opera
tons Is Expected.
THE CoMsTOCK STRIKE.
STOCKHOLDERS ARE FEELING
QUITE HAPPY OVER 1T.
The hex Smelter-SIiGht Decrease in
the Ore and Bullion Shipments
For the Week-A Bull Movement
in Stocks Ripped in the Bud-Notes

ed and the indications now being that
there will be no early change for the
better in the market quotations of
either of the metals, many of the own
ers of silver-lead propositions have de-
cided to give it another trial and they
will resume operations in the early fu-
ture or are already making the neces-
lsary preliminary arrangements. Espe-
Icially is this the case with the dry
mines of the territory and the indica-
tons are that there will be considerable
of a revival in mining operations with
in the next thirty days. The owners
are able to meet part of the reductions
in the price of the metals through the
great decreases which have been made
IN operating expenses. In many in
stances the expenses of mining and re-
quclng nave been cut nearly in two
Even with the present markets there
are number of heavy dividend PAYERS
IN the territory and as many more in
embryo, not including the gold pro-
ducerS, whose products know no fluc-
tuation in price. Although the metals
give no indication of an advance there
is better feeling among the mining
men OF the territory and they are look
ing on the silver lining of the cloud
now over the industry. on THURSDAY
silver gained two points. closing at 63Ib
cents, but within the past two DAYS il
mas gone Off those gained points and
lhe quoIatlon sent out from New York
Yesterday was 63h cents. The New
YORK metal exchange continues to re-
port lead at $S.05, while the Associated
Iress gives the quotation at 3.171b.
ineIe seems to be no remedy FOR the
eVll, as the local snelters buy and sell
upon the S305, or Metal EXCHANGE cuo-
IdlI0h. Ii is highly probable that the
olah mine owners will go on Indefinite
~ losing money upon every sale made
by them. Some have proposed ii . es-
eapnShment of an agency in New York
LOT the purpose of disposing of the ores
at the market prices.
from all parts Of The territory come
reports of rich gold devel opments aud
me prospects for an extremely haI,v
ylelq OF the yellow metal this vnar ora
prlSht The regular producer; never
pass Shipment day and new corners
are rapidly pressing 10 the fore The
nercur went on record with II ST. G00
Shipment last week and towards the
~ eil!. oI thls week another Cleanup and
,,ri ii'ii u en-. VIII De made. The Marion
VII $50 come % the front earlv in tJ,a
l nl and on The 10Ih the Ste:yaIt
cleanup and shipment, the ii-St ~ a
number of months, viii ly made Opa
OF Two small gold brick; have haap 70
GelVed from the Sewer at NTarvst.91o
curing the week, but the reguIar et.n,
80 YIN not De made until the begin
II,l,s " next week. The Cane Springs
Noisoldated Mining and Miiiino -
pany is also retor1ing rha nrod,,., nf
me months run and The bars ebou15
al rive within Cla next sew dave g
erai OF the smaller Bingham rrnra,.t;a-
W. van also contribute their usual aI-lo,nts
20 the gold production of the territory
anu returns from The piacers. inc1ud,
l Of LIE 1Ie Osceoia, are posted. The work
ot charging the shaft on tba W.
mountain Placer Mining comma, i" ese
@Iuer 10 permit Of the lowerino If 4t h.,
;.S1,- pump, is progressing very rsn-
lulN ana within the next few 5ay,r -
er2Ions will be resumed O'SS Up
building committee of tba P,,1-
, luIl-l and Champion Mining COM
paIiy ana the architects. builders NO
S seiIal ana machinery men are sin
,,,,1a,."t a. -, eHdeaForlng to come to an
49, -is.ei > IaIiuih$ 1t is more than liI,aIv
80, a. - VI me contracts in connection
Nith the construction of the neuv co..,
cen 8, Sh'Fator will be let by the mids1e o+ ne
t cue week. In order to produce a s,,f
- LII II water supply for the plant II
WIN pe necessary to construct q rasat.
Nolr on the divide above the site se1aot
1 Sri. ana pipe the water down the prade
ti49 VIII require in the neighborbood
o. ga mile Of pipe and the Rhodes
t,.n,. are figuring upon the CON
olact Tor not only the piping but the
CONS truction of the system.
before nelore leaving for Eureka Yesterday
..la., mon on MS regular visit of in
.he mil oil the Eureka-HiIl would rot
pc IN full operation for the next siI-t,,
days on account of trouble with tbe
SHOES and dies of the stamns A. nrar
ent nearly all of the stamps are bainor
operated but occasional DELAYS ocn,,s.
and number of changes will he nece s-
sary before the service of the. nla,t =,
pronounced perfect. No shinmentS
nave nay, yet been made from the nlant
Inc mine forces are being SLOWLY In
quire. mn re-
About the middle of the week onaro-
tons were resumed in the AlJianna
with small force of men. but within
the next day or two an increase is To
De made and the winter campaign com
menced. Colonel Treweek and several
OF the other interested parties are now,
out at the Park looking over the mon,
erty and deciding upon the best WORK.
ing points
II is anticipated that the improve
ments in the shaft of the Silver King
Will be completed by the middle of the
week and then the shipment of ore
VIII be resumed and no more dividends
VIII be passed. Through the increase
In the capacity of the hosting an
paratus the company will be able 70
nearly double its former production
the annual meeting of the stock
holders of the Horn Silver Mining com
pany is to be held in this city-on Tues
day President Washington should ar
rive this afternoon or tomorrow morn
ing.
BY the end of the present week the
Salt Lake City Copper Manufacturing
company should receive six more cars
u converter machinery and immedi-
ately upon the arrival of the same the
work of finishing the plant is to be re-
sumed
1t is stated in mining circles that the |
Iemini company, whose properties are |
n the Tintic district, is considering a |
proposition to put up a concentra tor, |
and will probably order the plant. |
Should this prove to be the case ii will |
De good news to the people of the dis
-rict. in common with those of the ter !
-itory.
The enlargement of the Mammoth
mill is progressing favorably and il is |
anticipated that the additional twenty !
stamps will be dropping on ore within
thirty days.
HAPPY COMsTOChERs.
"