The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-12-12


Mingo was in the city yesterday.
Ed N. Magner, general manager, and
l.. c. Davis, treasurer, of the Gold Dust
Mining company of Leesbury, Idaho,
will arrive in the city within a few
days. Mr.. Magner will go on east on
business for the company, while Mr..
Davis will spend the holidays in Salt
Lake with his family. The mine is look
ing well.
Captain George Ryan, who has a
lease and bond on the June, March.
Dew Drop and other claims in Dragon
Hollow, Tintic district, is busy devel-
oping these properties. The claims are
we'll located in reference to proximity
to good mines, and every indication
goes to show that development will
open up rich ore bodies there.
Assessment work is being done on
the Patrick claim, one-half mile east
of the Sunshine mine in Camp Floyd
district
Judge Dickson has purchased an in
terest in the Gem mine at Mercur. A
shaft house has been erected and a
force of men are now employed in sink
ing a shaft.
The Bonanza group, near Mercur, re-
Gently purchased by Henry Newell, So
Ion Spiro, Gus Holmes and others, is
being developed by a force of ten men,
and it is expected that the ore body
will be tapped at depth of fifty feet.
l.. Clark, a. frst-class hotel man, is
negotiating for or will build a hotel at
Mercur, and make that camp his flu
ture home.
The excavation for A. M. Spooner's
40X65 feet, two-story business block at
Mercur is completed, and work on the
foundation is being pushed as rapidly
as possible.
The three-story hotel opposite the
Mercur postoffice is nearing compile
ton
e. L. Newhouse, representing the
Philadelphia Smelling and Refining
company of Pueblo, is in the city.
The Parker Lumber company of
Mercur has completed and are now
occupying it's new two-story building.
The company cannot ship lumber in
fast enough to supply the demand, and
a hundred or more buildings are 60
ing up on every hand.
j. H. Bone, an Alta mining man, is
at the st. Elmo.
General Penrose has let a. contract
for a 100-foot tunnel and a 10O-foot
shaft on the Gold Dust group, in Camp
Floyd district He has a bond on the
OUTSIDE
capital in it's development
w. A. Graves left this morning for
Silver City, Tintic district, where he
will do the assessment work ON the
Monterey claim.
q. S. Holmes is working the Gold
Bull group of claims at Mercur, join
ing the Golden Gate on the east, on
which he has a bond.
l.. C. Trent, Of L. G. Trent & Co.,
dealers in mining machinery, returned
yesterday from business trip to Colo
RADIO.
An old Colorado miner, who has been
employed on the Sunshine mine in
Camp Floyd district. says that in his
opinion, "the Sunshine is the biggest
proposition on EARTH
]. D. Kendall, superintendent of the
Observation-Disclosures Mining company,
left for the mine this morning.
Vice-President Sheldon. of the Cali
fornia Bar company, of LeeSburg, Ida,
will be in the city within a few days
en- route to New York City.
]. j. O'Reilly went out to Bingham
yesterday to examine the Omaha group
in Carr Fork Gulch, in which he is
Interested He was accompanied by
Daniel Vaughn, the La Plata mine
owner, who is stopping in this city.
Two more carloads of ore frory the
hex will be received at the Taylor and
Brunton sampler in a day or two.
Dame Rumor has it that T. J. Brock
on. the well known surveyor, has real
lied $4,000 in the sale of Mercur min
ing stock and mining interests. 1T
is a long road that never turns" so
they say, and Mr.. Breckon is deserv-
ing of the smile he has received from
tickle fortune.
Mining is at fever heat in Colorado
Springs, and men, women and chill
dren are buying and selling Cripple
Creek mining stocks on the street cor
ners, and excitement is running so high
there that the regular trains between
Colorado Springs and Cripple Creek are
too slow for people, and special trains
have to be run for their accommoda-
ton.
The Colorado Springs mining ex-
change is a hummer and no mistake.
For the week ending Dec. 7, 3,645, 595
shares of stock changed hands on the
floor.
In it's fifth level the Moose has more
and richer ore than ever before and a
new shaft recently started on the south
has proven up the ore chute for a
length of 500 feet. From three to five
feet of ore in the level returns from so
to 100 ounces gold and from IS to $50
silver to the ton. 1t is owned by a few
Colorado Springs men and makes little
stir, but keeps producing steadily and
is one of the big mines of the district.
Exchange Echoes, Pueblo, Colo.
The deepest gold mine in the world,
says an exchange. is at Eureka, Cal,
depth 1900 feet. In Cripple Creep the
veins become stronger and richer in
depth. The deepest shaft in camp is
not 800 feet deep. From present indi-
cations by the time our big producers
get down as far as their California
contemporary, gold will have to be de-
monetized. Yes, especially so since
gold ore is shoveled out like coal in our
Camp Floyd mines.
Two hundred shares of DAILY were
sold on the floor of the New York Stock
exchange last week at from $3.50 to
$3.50, and $50 shares of Ontario at 1913
to 1925.
Gold mining in certain districts in
Australia, says the New York En-
gineering and Mining Journal, pre-
sents very striking contrast to the
average result obtained in the older
gold fields and to many of the most
important gold-producing enterprises
in this country. In the new district
of Coolgardie the mine called Bayley' S
Reward Claim, which was the first
discovered, and started the excitement
in West Australia, is now 1amenting
it's position and unable to pay a divi-
dend because the ore contains only