The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-04-05
Mining Notes and Personals.

ooo q toIl IL is SAID That the ore In
sight contains 100000.
Mining Notes and Personals.
One hundred shares of Ajax sold on
the streets yesterday after call at 81
cents.
Doc Hunter is back from Idaho where
| ne has been making an examination OF
the Boise gold belt.
Reports of rich gold finds in the Blue
mountains are sending quite a number of
| prospectors into that locality.
The Wnnemuck Mining company at
Bingham, started its new hoist yesterday
noon. and it was found to work to per
| lection.
General Penrose is working four men
on his Skull Valley properties and he has
unlimited faith in the final outcome of
| that region.
Joe Dederick. the well-known mill
builder, is in from Mammoth, where he
is putting in the twenty stamp addition
to the Mammoth mill
Captain Timothy will leave for Five
Mile Pass Tuesday morning for the pur-
pose of beginning development work on
the Horseshoe group of claims.
w. E. Hubbard has returned from his
Montana trip, bringing assure noes with
him that a number of Montana people
intend making this city their future
home.
week on legal business connected with
the Union Mining and Milling company's
suit now pending, in which Joe Norris
ct al. are the plaintiffs.
Yesterday afternoon, while working in
the North Star mine near Silver City,
Tintic, young man fell from an up
raise. breaking leg, and sustaining ser
ious cuts upon his head.
The Bismark Gold Mining company
which owns a group of claims near the
Gold King mine, in Camp Floyd district,
will begin the sinking of a shaft on the
vein in about two weeks.
Mitchells Flour Gold Amalgamator
is still the center of attraction among
mining men, and The Herald is informed
that about one hundred of these ma
chimes have already been spoken for.
Work is progressing on the Merco
group in Peepstone district, and Super
intendent Lail, who returned from there
yesterday, is of the opinion that the
Mercur vein crops through the district.
Yesterday several New York capitalists
secured a thirty day. bond on the Ana
conda group of six claims adjoining the
Gold King mine. half mile east of the
Mercur mill, the consideration being
S15, coo. '''--'5f
The Emerald, which has been called
of late among the unlisted stocks on
Tintlc between the Centennial Eureka
and Mammoth mines. 1t is well-located
ground and work so far has shown up
a fine ledge of quartz.
Superintendent John Treweek, of the
Mercur mine. who was in the city yes
terday, informs The Herald that this
bonanza property was looking better than
ever but he would neither affirm or
deny the report that a body of S90-ore
had been uncovered in the Resolute tun-
mel.
The Black Dragon Mining company,
ma of inPOrnOrd
noted in these columns yesterday, will
operate on two valuable claims near Sill
yer City, Tintic, adjoining the famous
Dragon iron mine. Srpt. J. G.. Marx, of
the Black Dragon, began work in its
development yesterday with force of
four men.
A weekly circular is now being issued
under the sanction of the stock exchange
giving the official quotations of the trans
actions of the board for the week. This
is something that will meet with the ap-
probation of every broker, and more, 1T
will give standing to the exchange, and,
being official, the public can rely upon
it's being correct.
Lake investors, succeeded yesterday in
getting a bond on the Bonanza mine near
Silver City, Tintic. The option is for one
year, while the bond calls for payment
of $40 900. The Bonanza is what was form
erly known as the old Shoebridge mine,
and in the past this property has had
record of being a rich producer.
The Mercur Gold inning Syndicate and
Development company yesterday sold an
eighth interest in the Charlie Ross Nos.
/, and claims to Major w. II. Nc
Laughlin of Fort Douglass, the consid-
Grafton being $500. This group is located
in the western foothills. Camp Floyd dis
trict, and adjoins the Vanderbilt group,
recently purchased by Hon. Thos. G.
Merrill.
The lucky Boy mill. at Custer City,
Idaho. has been closed down until May
18th, on account of deep snow and i'm
passable roads. Meanwhile the company
is working forty men IN the mine on
ore. and during the summer it intends
to build 1900 feet more of tramway, so
that it will be unnecessary to close down
the mill at any time on account of snow
during the coming winter
e. w. Rose, the hustfing and ener-
getic mining operator, who has been in
Pocatello, Idaho, for several days, re-
turned home yesterday, but left this
morning for Wyoming: Mr.. Rose is in
cooperating companies in these states for
the manipulation of Mercur mines, and
this. he says, is the result of the late adj
verse legislation in Utah pertaining to the
organization of stock companies.
Whenever dividend paying stock, be.
cause of the temporary closing down OF
a mill or the skipping of a dividend for
Unsuitable reasons, is sold way below its
actl1aI value the seller is the one
hurt by the transaction, and not the
stock. Take Mercur, for instance. The
Mercur mill was closed down for over
a week because of an accident, it has
made recent purchases of needed mining
machinery, and it may skip one divi-
d len in consequence. The mine is looking
much better of late so much so that the
stock ought to advance at least nifty
cents. and yet foolish and weak -kneed
individ,rals are actually selling for at
least Ieia:st one dollar below what the stock has
been selling for, and at 81 it is paying
over 22lb per cent. on the investment.