The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-10-21

With lead at So and prospects of its
even going lower and silver f1uctuat-
ing between go cents and 65 cents, a
great number of the operators of sill
ver-lead properties are not feeling as
cheerful as was the case some time
ago. and should there be any notable
slump in either of the metals it would
mean the closing down of some of the
heaviest producers in the territory. At
present the majority Of the mines are
not making very heavy shipments, the
reasons being obvious. Three or four
of the dividend payers continue to add
to the wealth of the world at their old
time rate, but they are now the excep-
ton and not the rule. The paying
properties can be counted on the fin
gers of one hand. AS expressed by
General Manager Farnsworth, of the
Horn Silver. So lead is wavering pretty
close to the danger line and a further
change for the worse would more than
likely mean the closing down Of that
property, with the others less favored.
During the past week silver fiuctuated
rather violently, although the opening
and close were not so far apart. On
the close yesterday was % of a cent
lower. Lead remained stationery at
SO, according to the brokers quota
hion, but $3.121l, according to the metal
exchange.
There were no changes of impor-
tance in the various gold districts and
all Of the producers are working away.
with the exception of the Mercur
which will make no more shipments
~ +r1r
the improvements which are now under
way. The last shipment of cyanides
from this property was made yester-
day afternoon. Mr.. Airs went out to
the camp on Friday and superintendent
the retorting of the product of the
recent mill run. The carpenters are
now hard at work making the enlarge
ments of the buildings and the mill
has been practically turned inside out.
Only fair progress is being made on
the Mercur & Salt Lake railroad, but
the contractors promise to have the
road completed to the mill by the end
of the week, and within the next day
or two the the machinery for the Mer-
cur mill will be ordered shipped from
Denver, where it has been awaiting
the order of release for some time past.
The Marion, the only other shipper in
the Camp Floyd district, is sending out
Lidt 0oQdl VI 6Ol0. LNCIui us
We're yesterday received from the $500
worth of cyanides recently shipped
from the property. The placing of the
Geyser mill is now nearly completed,
and within a short time the list of pro-
ducers should. be increased by one at
least. Reports received last evening
from Bingham we're to the effect that
the gravel in the bottom of the shaft
on the ground of the West Mountain
oy-riac
more colors than ever, and the indica-
tions are that bed rock is not far away.
Manager Spooner will go out to the
property this morning for the purpose
of making an inspection and paying
off. He will distribute about $1,000.
All of the steam pumps below the
1,000-foot level of the Ontario are now
stationary, and the water which they
formerly lifted to where it was taken
by the Cornish pump is now passing
out through the drain tunnel at the
rate of 500 gallons per minute. This
is having the effect of reducing the
strokes Of the large pump. Within the
next few days all of the connections
will be made and the entire drainage
of the Ontario and DAILY will be thrown
into the tunnel. For the first time in
months the Ontario is now shipping
hrst-class ore, and that stored in the
bins is being sent to the sampler. Both
the Ontario and the DAILY made ship
ments of bullion during the week, the
silver going to San Francisco as usual.
Now that the Silver King has re-
sumed shipments of ore its stocbhold-
ers feel confident that dividends will
be forthcoming with their old time
regularity after thirty days The sec
ond largest compressor in the Park
mas Just been put in by the Silver King
people.
Five cars of concentrates were re-
ceived from the Horn Silver last night
and sent to the -Germania. This is the
first shipment received since early last
week. The repairs to the main shaft
are now nearly completed and the new
hoist is ready for business.