The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-24

state in securing the Investment of capital
in legitimate mines.-Miner, Butte. Mont
Joseph Pinkham brought with him
from Cassia county. some fine samples
cf ore from the Badger mine, owned by
]. j. Story, William Stokes and others.
The Badger is located near Albion and
is a property of great promise. 1t has
2-foot ledge of lead ore that assays
ton. The specimens brought in by Mr..
Pinkham are covered with crystals of
almost pure lead.-Boise Qdaho) States
man.
The stockholders of the Montana Ore
Purchasing company are enjoying a run
of rare good fortune in these days or de-
preston in railway stocks and other Sc
curities. Dividends are falling into their
laps for the asking and the newest OF
Buttes copper companies is outstripping
many of the old time concerns. Yester-
day the Montana Ore Purchasing COM
pany paid an extra dividend of 81 per
share, amounting to s4O,0o0.-Miner, Butte,
Mont.
The initial number of the Western Min
ing Record has found its way to The
Herald sanctum, and it is welcome, as,
from all appearances, it will prove an
other Important factor in the develop
rent and upbuilding of the great and
growing mining industry of our new
state. The Record is issued weekly in
this city by C. w. and D. l.. Miller
editors and publishers, of this city. 1t is
an SPACE, 3-column paper, and besides
it's neat and tasty Typographical appear
ance, it is ably edited, and evidently
come to stay. The Herald extends best
wishes to this new journalistic venture.
D. L. West, C. Nj. Harvey and John
Poole, of Central district, Nevada, about
two months ago sold gold property in
that district to a Salt Lake company
for $500. Since then, says the Silver
State, they have been doing some more
prospecting, and as a result they, have
made another rich discovery. While the
ledge is not large, being from six to
twenty inches in width, it is very rich
and it is not placing it too high to, say
that it will run over $1,000 per ton, and the
boys say there is plenty of this high
grade ore Mike Kennedy came in from
Mercur last night and says that ~, yes1 1a
day and the day before the camp was
swarming with strangers.
Charlie Rives, of the Gold Dust Min
ing company, of Leesburg, Idaho, who
left few days ago for the mine, writes
from Salmon City to Ed. Magner, the
Salt Lake, that the south level in the
mine is now in a distance of thirty
eight feet. all the way in ore, which mas
been cross-cut for fourteen feet with
finding the wall This is most encourag-
ing, as the ore is all pay and free mill
ing, and as development work is being
pushed, a large amount of ore will be
blocked out ready for the mill that is
Mr. Rives went up to the Gold Dust for
the purpose of settling up with the men
for last months work. The stock of the
company is selling readily at a dollar a
share, and the outlook is most f1attering.
The Florida Hill Gold Mining company,
of Silver City, better known as Colonel
Deweys company: has purchased from rom
visiting in Boise, the Boonville station,
located about three miles from Silver City IT
at the junction of the DeLanar and Sill
yer City roads. The company paid $500
for the station. The purchase of this
pany intends to erect its large stamp
mill there. The Bonneville site Is adlac-
ent to the companys mines and better
tramway facilities could not be secured.
The Statesman's Silver City correspond
ent telephones that men are at work lay
ing out the grounds for the mill This
mill is to be 20 stamps, according to the
1t is admitted that the site is one of the
best that could be found for the purpose;
town will spring up about the works.
Statesman, Boise, Idaho.