The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-11-06
Mining Notes and Personals.

The Republicans of this city who are
rejoicing over the way that the election
has gone, are confident that from now
on this country will witness an era OF
prosperity, not only as to gold mining,
but in silver and lead mining as well,
and they predict that within a short
time there will be renewed activity in the
silver mining camps of the west, and
that there will be a gradual advance in
the quotations of both silver and lead
until both of these metals will stand in
the market at about the same price nat
they did five or six years ago. In proof
of this The Herald scribe was shown a
telegram just received from the east in
structing a well known mining man TO
development of a silver property in one
of our biggest silver camps, and the
gentleman TO whom the dispatch was
addressed states that the sender was a
strong goldbug, but that he now had
enough confidence in the future of silver
to order the expenditure of a large sum
of money in the development of silver
properties. Another gentleman, w. II.
Thomas, the manager of the Niagara at
Bingham, informs The Herald that this
mine VII make : shipment of from 900
to 700 tons of Niagara lease ores richt
away, and that from now on this property
will be worked with renewed vigor, and
he predicts that within a short time there
will be steady advances in silver and
lead. .ss ~ --..t-
]. W. Carpenter of ouray, Colo, ar
forms The Herald that within few
days he will go out TO Mercur for the
purpose of doing assessment work on
some valuable claims that he IS interest
ed in in Camp Floyd district.
Now that the election is over a great
many Salt Lakers will leave for the var.
ious mining camps for the purpose OF
doing assessment work on their mining
claims in the performance of which a
great many men will be employed.
The Pan American Mining company
paid it's LOCO dividend yesterday, which
brings the grand total paid TO date up to
the handsome sum OF $4,000. Inc Pan
American is a Salt Lake company that
is working big failing pits in old Mexico
by the cyanide process, and it is safe to
say that no other company in this or any
other country has made better showing
for the money invested.
Ira G. Mitchell of Meeker. Colo, who
is largely interested in mining enter
prises, is in this city, and The Herald Is
informed that it is his intention to make
a thorough inspection of the Mt. Nebo
irrigation system at an early date
There is one mine in Utah that can al
ways be relied upon to meet every
emergency, no matter what may occur,
and this mine is the Centennial-EureFa
q property that has a splendid reputation
the world over. Three years ago when
silver was down to 5S1s cents, the Cen
tennial-Eureka began shipping gold ores,
and history is again repeating itself, as
Yesterday the company received four car
loads of ore that carried average gold
values of about $50 a ton. Utah has
goodly number of reliable producers and
dividend-payers to boast of. but none of
them can cut as much ice as the Cen
tennial-Eureka when 1t comes to slump
in the metal quotations.
Lode. De Lamar, New: Good reports
come from the Sunrise mine and 1t is
rurnored that they have received several
high assays from the samples taken in
the past few days
A carload of Golden Eagle ore, from
Central mining district, was received
in the city yesterday.
The Macintosh sampler yesterday
received SO tons of Silver King eoncen-
trates and 16 tons of Varcoe and Flint
concentrates.
It is not generally known in mirring
and commercial circles, but 1t is fact
that last week the Germania lead
works paid a per cent dividend on its
capital stock, amounting to the hand
some sum of 5000. This has been
hard year on our local smelters and it
has been a hard struggle for some of
them to pull through. and the fact that
the Germania has been able TO pay
such a neat dividend speaks well for
the management of the company 1t is
to be hoped that there will be such a
revival in mining circles in this state
the coming year that every smelter
and millsin the country will be enabled
to pay goodly dividends.
Colonel Woodrow writes from the
Santa Anna mine, in Calvaras county,
California, that in sinking an incline
on the ledge on this property, the
quartz ledge left the workings, but that
while sinking the last % feet stringers
of ore have been coming in again, and
that from all appearances it would not
be long now before the face of the in
cline would be in ore again. The
stringers are from to ii inches in
width, and the outlook for the property
is. very encouraging. w. S. Mccormick
and other Salt Lakers are interested in
this property.
A. M. Christensen, the foreman of the
Cannon property. at Mercur, is in the
city.
Arrangements are being made for the
Incorporation of a company for the de-
velopment of the Lady Annis mining
claim not far from the Sunbeam mine,
near Silver City, Utah. Well-known
railroad men are in the enterprise. and
it is believed that it can be carried out
successfully.
The governing board of the mining
exchange will hold an important meet
ing today at the exchange rooms at
p. m.
Broker Kenneth Donnellan has moved
his Office from the Morlan block to the
building formerly occupied by T. r.
Jones & Company, bankers, and within
a few days will be prepared to receive
his patrOuS and friends IN, eyroo+ r+,r1o