The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-29
BUSINESS, MINING
AND STOCKS
Continued from page b

H. B. Kooser. of the Missouri Pa
cific, who has just returned from
trip to Omaha, informs The Herald
that an excursion, comprising twenty
five members of the Omaha Com
mercial club, will start for Salt Lake
within the next ten days, under the
espionage of j. f. UT, the commander
of the club. These gentlemen will be
entertained by the mining exchange,
and we predict that their visit will be
a pleasant one.
The directors of the Utah State Cold
Mining company held a meeting last
night and made arrangements to take
UP the bond on the four claims near
Sunshine upon which the incorporation
of the company was based. The direct
Ors also decided to set apart one-si1th
of the capital stock of the company
for treasury stock, and steps Will De at
once taken for the extensive develop
ment of the group of claims anoVe
mentioned.
The Bingham Copper company mas
adorned the walls of it's Office with
finely executed drawings showing in
profile the portion of West mountain
district in which its fine property IS
| located. The work was executed by
George Lee, of Bingham, and demon
strates that this gentleman is an art
list of no mean pretensions. The face
of the Starlus tunnel is in five feet Of
ore that carries values of from $40 10
SIG in gold, besides which it runs from
8 to 4 per cent in copper.
An interesting discovery was made
when the $1,000, 600 in gold which was
taken out of the stranded steamship
st. Paul was received at the sub-treas-
ury in New York. 1t turned out to be
the identical gold that had been taken
from the sub-treasury only few days
previously 1t had made the round trip
to Europe and back, endured the perils
of ShipWreck and came into the treas
ury for examination again as fresh as
foreign gold. 1t was no new revelation,
however 1t is a trick that has been
played eatedly.-Mining and Scien-
tific Press.
w s. Mitchell has just completed
one of his Acme -four gold amalgamat-
ors and for few days, before it is
shipped to the Schfield gold mine in
Arizona, it will be placed on exhibition
in the basement of the Atlas block.
Mr. Mitchell has used this amalgamat-
or with most gratifying success on the
California bar, in the Colorado river,
where the gold is as fine as the gold
dust found on the Snake river in Ida
ho. These amalgamators are to be
manufactured in this city for the
trade and their use promises to revo-
lutionize placer mining in the west.
L. U. Goliath returned yesterday
from his Marysvale trip. Mr.. Goliath
states that the Bully Boy and Web
ster mine is showing up good ore bod
To-. /. tt j
advantage with silver at 80 vents, and
improved shipping facilities. He also
says that work is progressing rapidly
in the grading of the extension of the
r. G.. w. road from Salina to Rich
field, in consequence of which the peo-
pie of the south feel much elated and
that also on this account there will
be a noticeable revival in mining cir
cles in the Sewer and Marysvale coun-
trv
Our readers will be interested in the
fact that placer mining claims have
been located within the hearing of our
ordinary dinner call from the court
house. The locators are j. Croft T. G.
Callister. V. Kelly, II. J. Mitchell. John
Callister and NJ. Fisher. The ground
taken is just east of MitcheIPs grist
mill across the creek, and only about
three blocks from Main street. We
have no desire to create a stampede
TO this district. but we will carefully
watch developments and inform our
readers of their nature. We hope they
will be good and golden.-Fillmore Pro-
gress.
The Great Eastern Mining company
is making arrangements for the issu-
ing of a prospectus, which will soon
be ready for distribution. This COM
pany owns valuable group of claims
in Camp Floyd district which adjoins
the Annie mine on the north, and also
lies just northeast of the Elmwood
group, for which $4,000 was recently
paid. Surface rock on the Great East
ern shows values of $780, and the in
dicationS are so favorable thar the
company contemplate extensive devel-
oDment work at an early date c. G.
De Graw, the secretary of the com
Dany, will go out to the mine tomor-
row.
The New York Engineering and Min
ing Journal says that "the new mining
exchange in this city has been opened
with prayers and champagne This
is surely an odd mixture for staid old
Gotham, but then the members were
probably fortifying themselves against
an expected attack from the bulls and
bears, each one according to his indi-
vidual tendency; for, it is said that in
moments of extreme peril some people
pray, others drink, while still others
swear. AS the Utah contingent who
We're present on that occasion neither
pray nor drink, it is supposed that thew
did the cussing act especially as Colo
rado wanted everything in sight