The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-14
THE NEW YORK GROUP.
Mining Items of Interest Clipped
From the Park Record.


or are about to, let a lease and give a
bond on their New York group of
claims lying south of the Ontario and
west of and adjoining Jack Green's
Nail Driver tunnel group of claims.
The New York group comprises five
claims. making a block of ground 1000
by 1,500 feet, plenty of ground for any
corporation to handle. 1t has a we'll
defined vein with the proper dip and
strike, and there is little doubt but
that shaft 200 feet in depth will show
up pay ore, as the indications are very
promising 10 that end. not only where
the vein has been cut on the New York,
but according to the supposed develop
ments made in the Nail Driver tunnel.
and of which the DUMP of that prop
erty gives much evidence in support.
Anyway, the New York is one OF the
most promising groups in the district
and its DEVELOPMENT. should present
negotiations be closed. Will be watched
With interest. The names of the parties
interested are not for publication, but
whoever they are, they should be con-
graduated on securing such a promis-
ing block of ground.
CAMP CROSSCUTS.
Thursday was pay day at the Silver
King mine The Ontario and Daily
companies are expected to issue checks
TO their employees early next week.
The general impression among the
Park CITY holders of DAILY stock is to
the effect that dividend will be de
clared this month, payable before
Christmas. The treasury is amply
strong, and a 25-cent dividend could
be paid without at all Gripping the
company.
Messrs. Bunce & McLa-en. leasing on
the northeast end Of the Crescent
ground have a siX-ton shipment of nice
looking ore at the sampling mill. They
have very promising streak of ore
in sight and expect it to widen OFT
into handsome proportions with ccu-
tiued development.
The Vallejo began hauling ore again
THURSDAY. and the rock being delivered
al the Macintosh sampler looks % be
of fine grade. The lower tunnel being
driven 10 tap the vein is still III DOR
phyry and gives every indication of
proving the prospect to be a nine. The
big bridge is completed and is strong
and durable structure.
As stated in the Record Saturday
las; would be the case, the Silver King
mine started up Sunday morning at
O'Clock with d full force and everything
is moving as smoothly as could be de-
sired Ore has been coming down as
roads would permit. The flow of water,
whilG still not very strong, is ample for
all needs.
There is a pretty good opening in
Park City for some active young man
TO esta hlish a brokerage for buying and
selling mining stocks. II people knew
where TO go to purchase or dispose OF
stock. quite snug little business could
be esta blished in very short time. as
. ir.fa tn my
and sell.
Considerable interest was created this
week by the widely circulated rumoT to
the effect that Henry Newell, who
spent several DAYS in the camp this
week. had purchased 10000 shares of
Vallejo stock at $3.50 per share. Inves-
tigation resulted in a fiat denial of any
such transaction. and the statement
that the gentleman had attempted to
buy that number of shares at 81 per
share but failed TO get any of the
stock at all.
4 large shi3ment of high grade ore
was made this week from the Woodland
lease on the southeast end of the Cres-
cent companys ground. known as the
old Walker and Webster. The lease has
been worked by Messrs. William Wood
ard, Charles Loofbourow and Secre-
tary Snyder. but they were compelled
to close down this week on account OF
the dan-er OF snow slides. one or two
having already occurred in their inn
mediate neighborhood. and in one of
which Mr. Woodland was caught and
given a lively roll. but escaped without
serious injury. Work will be resumed
as early as possible in the soring.
]. J. Thomas and w. Aubrey Fortes-
cue were out from the city Monday
looking after some business matters
connected with the Creole They visited
the mine and were well pleased with
the showing being made. The shaft is
now down 275 feet and still going down
ward nice shipment of first-class
ore is on the dump ready for market
whenever the company elects to ship.
There is also a good tonnage of sec
ond-class ore on the dump that can be
concentrated at a good profit There
are no new DEVELOPMENTS concerning
the stock of the Creole now held in
bond.
No news at all has been received to
date in Park City concerning the meet
ing of the new board of directors of the
Anchor Mining company, which was TO
have met al Detroit, Mich. on The 9th
inst. The meeting was undoubtedly
held. however, and officers elected but
Assistant Secretary Scott does not ex-
pect 10 hear any definite news until