The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-07-01
WEEKLY MINING REVIEW.
No Changes for the Better Have Oc-
Cured.

Cured.
1t has been a decidedly off week il
the mining world, there having beer
noticeable improvement in the condi
tons which are contributing so ma
terially to the depression of the in
dustry. The usual fluctuations of sill.
yer occurred, although the losses during
the week were not heavy compared
with some which have taken place
Lead remains steady at $40, from
which figures it has not changed for
over a month. Reports received from
the eastern mining and financial cen
tres are 70 the effect that the metal
is not likely to go lower, even should
there be no favorable change in the
tariff bill, which now places the tariff
at l cent per pound, just cutting it in
two.
There have been few changes among
the mines, even the gold districts being
productive of little Unrest The pro-
duction of the silver-lead properties
continues very regular but with pros
pect of an increase in the very near
future. Several are about to increase
their development work and a number
of others, now lying idle, will resume
within the next two weeks.
The owners of the Alliance at Park
City, have decided to resume operations
and the mine is being put into proper
shape for development.
AT the Dalton in Marysvale, work
ing force is to be put on in the very
near future, the directors of the COM
pany are but awaiting the official re-
ports of their expert who examined the
property for the purpose of determin-
ing the most desirable loca tons for the
commencement of work.
During the coming week the Nam
moth Mining company will award the
contract for the piping to be used in
conducting the waters of Cherry creek
to its mill. This is a large contract
and means the payment of a consider
able amount of money. When COM
pleted the company will have an adj
mirable system of waterworks and be
able to supply the entire camp.
The usual good progress is being
made at the face of the Ontario drain
tunnel and the miners are rapidly near
ing the workings of the mine. There is
still a noticeable increase in the amount
Of water pouring out Of the tunnel anu
a consequent decrease in the amount
in the mine.
The unemployed miners of the terri
tory as well as of the entire west, are
devoting themselves to the search for
gold and those VINO are operating in
this territory are meeting with the very
greatest success. The latest gold eX-
element is that attendant upon the
rich strikes which have just been made
in the Uintah mountains and there are
now hundreds of prospectors in the
new district. A large number of them
are from this city and several have
struck it rich The reports received
are of a very fattering nature and the
are that the section Of
country in which the gold has been dis
covered is about to become a heavy
producer of the yellow metal.
In Camp Floyd district development
work continues and all of the properties
are looking very well. The Marion and
Mercur are making their regular ship
ments of gold bars, cyanides and Gin
nibar. The tests of the Mercur retorts
were very successful and the company
will adopt the methods now in force at
the Marion.
There was a noticeable decrease in
the total value of ore and bullion re-
ceipts reported by the banks drop of
$50, 900 being registered. The total was
s131, 726. This great discrepancy was
due to the lack of gold bar re-
ceipts, a solitary $4,000 shipment of
cyanides being the only yellow metal
A summary of the weeks
business is as follows:
T. r.. JONES & co.
Monday, bullion. Observation-Disclosures $500 !
Monday, silver and lead ores. 1000
Tuesday, bullion ................. 4,700
tuesday, silver and lead Ores. 1000
Wednesday, silver and lead ores Ia 900 |
bullion .......... $500 |
Thursday, silver and lead ores. 1890 |
Friday
Saturday, bullion. Observation-Disclosures. 1920 |
silver and lead ores. 5000 |
Total ..................,.. 1920
WELLS, FARGO & co.
Monday, Pennsylvania bullion. IS 11,547 |
Tuesday ................
Wednesday, Pennsylvania bull
non 49,. ........- .............. 1906 |
Thursday, Pennsylvania bullion 4,246 |
Ontario bullion 5000
friday, Pennsylvania bullion. 4,025 |
Saturday, Pennsylvania bullion. 4,152
Total MISUNDERSTANDING ......$ 1926
MCCORMICK & co.
Hanauer bullion. $500
tuesday, silver and lead ores... $3.50 |
Wednesday, Hanauer bullion. 2.25Ol
Wednesday silver and lead ores. $3.50
Thursday, Hanauer bullion. $3.50
friday ..........
saturday, Hanauer bullion. .. 1850
'dluIudy, sllVer ana lead ores. 800
saturday, Mercur cyanides. -. 1900
Total ......................s AZ, $50
): r. Jones & Co..............$ 45, 200
Wells, Fargo & Co. az 27s
GcCornick e. Co. ........ 43,25O
Total for the week. .s1s1, 72s
Very Quiet at ophir.
Colonel Wall is in the city from