The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-06-03
GENERAL MINING SITUATION.
The Slump in Lead Has Changed tn
Outlook Materially.

GENERAL MINING SITUATION.
The Slump in Lead Has Changed the
Outlook Materially.
Fridays slump in lead changed the
silver-lead mining situation in this ter
ritory materially, and as yesterday the
market showed no signs of recuper-
ating. the opinion is that the fall is
going to prove of a somewhat perma-
nent character Should this be the
case, there may be some important de-
velopments. The amount of the fall
in the market, 10 cents per hundred,
does not look like very much money.
but it makes a material difference
when producers have large consign-
ments to place upon the market.
Among the mines, both silver-lead
and gold. there has been but little
change At Bingham, several of the
old producers are looking up again
increased. The usual gold brick of the
Stewart has not made its appearance
for the past two months however, al
though the mine and mill are working
steadily away From Mercur comes
the news of the strike in the Little
Pittsburg property, which is located in
a heretofore practically undeveloped
section of the district. The ore now
being taken from the claim is said to
be very rich in gold, its character be-
ing much the same as the rock of the
famed Mercur. This discovery will
have q very beneficial effect upon the
camp, as it bears the old prospectors
out in their oft-repeated assertions
that one-hundredth part of the posi-
bilities of the Camp Floyd district had
not yet been discovered. The Little
Pittsburg people have in contemplation
the early erection of mill.
The discovery of the gold mine Of
which Enoch Davis, now in the shadow
Of the gallows, has said so much, the
news of which was given exclusively
to the readers of The Herald yester-
day morning, created a great stir
among mining men and further par
ticulars will be awaited with interest.
About the middle of the month opera
tons are to be resumed at the Daltons
in Marysvaie district. The officials Of
the company will leave for the district
on Wednesday.
Great progress is being made on the
enlargement of the Mammoth mill N
Tintic and at the new plant of the
Eureka. Hill the machinery is being
put in place, although it is hardly prob
able that the works will be in opera
ion until some time in September
The Mammoth people are now. figuring
on a pipe line to convey the water CT
Cherry creek to the mill. This i'm
provement will cost in the neighbor-
hood of $780, 900.
AS yet no test has been made of the
gold ore from the White Cliff mine on
Indian creek in Beaver county. al
though the sampling has been. complet-
ed over a. week. Some quiet negotia-
tons are said to be on.
Silver moved up two points yester-
day, the closing being 81 cents, as
Lead remained unchanged at $50.
ORE AND BULLION RECEIPTS.
Forty Thousand Dollars Decrease
Over the Previous Week.
Although there has been notice
able increase in the receipt of ore at
the valley smelters. and the Germania
is about to start a third stack, the val
uation of bank ore and bullion receipts
for the week shows a decrease of about
$40. 600 over that Of the previous week
The total was $110.427, and the sum-
mary is as follows;
WELLS. FARGO & co.
Nfonday-Pe bullion. S TO- 16
tuesday, bullion 1909
Tuesday-Ontario bullion .. 14,476
! nesday-Holiday.
hursday-Pennsylvsn bullion 1929
Thursday-Gold bar ......... 1900
Friday-Pennsylvani bullion -. 3,974
Sa turday-Pennsylvan bullion 3,67S
Total ........................s 44.452
MCCORMICK & co.
Monday-Hanauer bullion ....s $3.50
Monday-Silver and lead ores :. $50
Tuesday-Silver and lead ores :. $3.50
dnesday-Holiday
| Thursday-Hanauer bullion -. $500
Thursday-Silver and lead ores 1900
Friday-Hanauer bullion $500. 1925
Saturday-Silver and lead ores 4,10O
Total ............... 1875
T. r. JONES & co.
ADMINISTRATION ................S 240O
Monday-Silver and lead ores =. z. 500
TUesday-Bullion ......... 2 300
Tuesday-Silver and lead ores. 4.SOv
dnesday-Hoiiday.
Thursday-Bullion .......... $500
| Thursday-Silver and lead ores. 1900
Friday-Silver and sead ores =. 1900
Sa turday-Silver and lead ores. $500
Sa turday-Bullion .......... 4.SOO
~, -
| 1otal .-.-.--..-........- 5 2S,6fD
SUMMARY.
Wells. Fargo & CO. ...........$ A, 452
Mccormick & Co ....... 37,c15
Total for week .......... sllo, 427
IN CAMP FLOYD DISTRICT.
| Important Meeting of the Miners