The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-05-23

der his contract for 100 feet in the Bo-
nanza shaft.
Captain Deprezin is working the
Leadville and is taking out some fine
appearing rock.
Deputy United States Mineral Sur
veyor Christensen has this week been
surveying the Anaconda and other
property N that vicinity for patent.
c. f. Loose has purchased 1000
shares of the treasury stock of the
South Swansea at so cents per share,
and it is the general opinion that Ed
got a bargain.
L. P. Mattox, depot ticket agent of
the Rio Grande Western at Salt Lake,
visited the Swansea Monday and is
naturally most elated over his pros
poets for a fortune out of his stock in
that property
c. L. Loose came down from Provo
Saturday morning and looked over the
Grand Central. He also visited the
Swansea and other Silver City proper
ties and expresses the greatest conf
dence in that end of the district.
superintendent John Kirby left for
Mt. Nebo Monday where he goes to
examine group of claims belonging
TO William Ball and others. Samples
from the ground show rs per cent. lead
and 10 ounces silver and we understand
deal is probable
A. I. West came in from Death Can
yon Monday morning. Tony reports
the Etawanda on which he is working
as looking first rate. He also says
that that section is full of prospectors
and that considerable DEVELOPMENT is
in progress
The Sioux-AjaX tunnel is now a sure
go Work was commenced this week.
This will be one of the largest under
in er+o
the Sioux company has built an addi-
ton to their boiler room-From our
Mammoth correspondent
The work of Strengthening up the
smart and cleaning up generally around
the PaXman was completed last Sat
urday and sinking was commenced on
Sunday morning. The Paxman will
work two shifts and will push devel-
opment with the greatest possible rap
idity.
The National Bank of the Republic
has taken possession of the Red Rose
property and we understand that az
engagements will be made for it's imme-
date development. This action marks
the close Of a long line of litigation
which has tied up this promising prop
erty for several years.
Shipments from the district for the
past week are reported as follows:
From the Bullfon-Beck mine % car
loads ore, from the Bullion-Beck mill
10 carloads concentrates, from the Cen
tenn1al-Eureka Is carloads ore, from
the Mammoth mine carloads ore,
from the Ajax 4 carloads ore, from the
Sioux mine 3 carloads ore from the
Sioux mill carloads concentrates,
from the Swansea 2 carloads Gre, from
the Dragon Iron mine carloads ore
daily.
Messrs. Sowles and Reed have tied
up their Lakeview and Stockton group
to G. H. Robinson, the deal being CLOS
ed Monday. We are unable to posi-
lively state the consideration. but it
runs pretty close to the 100000 mark
and will be paid in monthly INSTALL
ments. The Lakeview and Stockton
groups join the Sioux and Utah and is
regarded as one of the star properties
on that side. We suppose the deal
contemplates the practical consolida-
ton Of this ground with the Sioux and
Utah.
A great change which is calculated
to gladden. the hearts of the Swansea
stockholders took place in that prop
erty Monday. In the Wine at depth
of 430 feet from the surface the vein
has widened out to twice it's former
width and is solid ore of a particulars
ly fine quartz. Samples taken out run
over 100 ounces silver and rs per cent.
lead and from present appearances
there is no end of it. succession of
dividends is now a certainty and Swan
sea takes its rightful place as a GER
tain, sure-enough bonanza
President McGhan, of the new Home
stake Mining company advises US that
they now have three men at work cut
ting out for whim and retimbering
the shaft which is now 200 feet deep.
The company proposes to continue the
vigorous development of the property
which will shortly be able to commence
shipments, there being now good
showing of ore in the shaft While
100000 shares of the stock has been
placed in the treasury we are advised
that none Of it has been offered for
sale and there will be no offerings made
at present.