The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-04-30

| berg says that Peepstone is all right and
will come to the front this summer.
George MERRIAM, of the Northern Light
mine, at Bingham, was in the city yester-
day. He reports that the mine is in first
class condition, and that it will more than
hold its own this summer.
Will Hatfield, the efficient manager of
| the Swansea mine. at Silver City, was in
! Salt Lake yesterday. Mr.. Hatfield says
that the Swansea. is all right and that
it will make an excellent record this sum-
mer.
i The Bingham Copper company expects
/ to ship so tons of ore from its Mast mine
/ this week, which is to be followed by a
carload daily within Two weeks, and II
/ is expected that the company will begin
the payment of regular dividends within
| a short time.
! The Dipper claim, on Gold hill, at the
mouth of Little Cottonwood canyon, is
making fine showing with Is inches OF
high grade gold ore in the bottom of the
shaft. The Dipper is owned by the Evans
boys and Morris, who will make another
ore shipment soon.
Broker E. Z. Crooks, who seems to
know by intuition just what stocks to
handle in order to make money, is also
in close touch in sporting affairs, which
assertion is verified by the fact that he
won $500 on the fistic encounter that took
place Monday night.
The shaft of the Deep Mining and Mill
which depth a crevice was encountered
through which there comes a strong cur
trent of air. This is considerable as a good
sign by mining men. Ore has already
beer found in the shaft that goes from
$1.50 to $3.50 in gold.
The Phoenix mine, at Bingham is show
ing up great ore bodies, but OF account
of the low price OF silver and lead, but
limited amount OF ore is being shipped
Seven carloads, however, were sent down
the first of the week. The company is
close corporation, but it is known that
it is paying regular dividends.
Reports from the Bullion-Beck nine yes
terday stated that the 15-foor are body
on the 700-foot level was now all shipping
ore, which was an item of news that was
very pleasing to the stockholders of the
company, and it is stated on good au-
thority that the BIB. will declare and pay
its regular dividend on the 18th Of May.
The Gold Dust Mining company, which
owns q valuable group of claims near
Mercur, is feeling in excellent spirits by
the fine showing now made in It's property.
A short time ago 1t started a new shaft
some distance from the old one, and at
less than so feet obtained good values
The extent of the mineral deposit has
not been fully determined as YET but the
values run as high as $11 to the tdn, which
is very encouraging, to say the least.
H. w. Naisbitt, jr.. of the American
Mining and Milling company, o. Willard
Hill, in Box Elder county, was in the city
yesterday Mr. Naisb!tt informs The
Herald that the Willard tunnel is now III a
distance of 315 feet, and that it is expected
that the ore body that is being driven for
will be cut in twenty feet more, when a
mammoth ledge of gold bearing mineral
will be exposed. In the creek in the
canyon below, gold nuggets are often
found, and it is believed that they come
from the Willard ledge.
1t was stated in these columns yesterday
that the Southern Eureka Mining COM
pany had leased its Eureka property to
Colorado parties Since then it has been
learned that the fortunate gentleman was
w. F. Patrick, of Denver, who has d
working lease on the ground in question
for period of five years. During the
first eighteen months of the lease he is
to eXpend $4,000 in the development of
the property, and for the first three years
is to pay a royalty of 20 per cent. on all
ore extracted, and % per cent. during the
remaining two years. The Southern
Eureka adjoins the Centennial Eureka
mine on the south, and is considered as
being very valuable property.
A mining exchange has been started at
Prescott, AriZ., not to deal in stock, but to
collect and distribute information in ref
erence to mining. The following is a
dent, Alexander o. Brodie; vice-presi-
dent, Samuel Hill; treasurer, E. w.
Wells; secretary, R. II. Hetherington; as
sitant secretary, S. NJ Cullom, jr. The
DOdTQ OIL directors is composed OIL Alex
ander o. Brodie, Samuel HILL E. W.
Wells, r. H. Hetherington, John S. Jones,
A. False and R. H. Burmister. The COM
mites are as follows: Committee on reg
istration, Brodie, Hill and Heatherington;
committee on correspondence, Hill, NJ.
Goldwater and j. F. Blady; committee on
finance, Wells, Mulvenon and Brecht;
committee on ways and means, Burmister,
Fisher and Armitage; committee on enter
tainment, Hetherington, Fredericks and
n. Levy; committee on transportation,
False, Coffman and Blauvelt committee
on publication, Jones, Comstock and W.
w. Ross. The exchange has rented the
Bashford brick building on the east side
OF the plaza, as permanent headquarters.