The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-04-02
Mining Notes and Personals.

! A carload of ore from the Chloride
Point mine arrived in the city yesterday
ana Is now at one of the valley samplers.
It is understood that the Sioux mill
at Mammoth has been leased to well
known mining men who will reopen the
same as custom mill.
Free Press. Grangeville. Ida: Both
the Banner and Gold Bug Mining com
panies of Florence. have been. reorganized
and their capital stock increased from
$500, 900 to $1,000. 900.
/ F. j. McNally. the Cedar City druggist.
who is in the city. states that the mining
ton of Iron county. is all o. X. and
that it is expected that the district will
enjoy a boom this summer
The April dividend of $4,000 declared
by the Alice Mining, company is payable
next week wednesday, There are now
300 men at work in this Montana prop
erty. including the leSSeeS and tributOrS
and the 6O-stamp mill of the old company
is running regularly.
An underground survey of the Ajax and
Napoleon mines. at Mammoth will be
made this week under instructions of
the court. 1t is believed by some that
the outcome of this will be litigation be-
tween the Ajax Mining company and
the owners OF the Napoleon ground.
1t is the general impression that the
Utah and Galena Mining companies will
resume the payment of dividends this
month, as it is stated that the treasury
department of both companies is in
good condition. The recent rich strike
in the Utah will surely call for a "divy''
at an early day and there is hardly any
doubt that it will be forthcoming in due
time.
Democrat, Baker City. Ore: David
Keith. of Park City, Utah. owner of the.
famous Silver King mine one of Utahs
heaviest producers. and who is the
heaviest stakeholder in the Consolidated
Virginia, situated near the Virtue mine,
is expected to arrive in this city in day
or two. at which time the stockholders
will outline extensive development work.
The shaft has reached a depth of 470
feet.
Dorsey & Brown. Grain and Stock
Brokers' is the sign that now embel-
fishes the front windows of No. 43 West
where the Morgan Brokerage company of
Denver held out during the winter. and
while Dorsey and Brown are successors
of the old firm it is a new institution
altogether During the morning hour
the firm receives quotations on grain.
provisions and stocks every five minutes
Messrs. Dorsey and Brown are resident
Salt Lakers and their business transac-
lions are on the square.
Hon. C. C. Parsons of Denver arrived
in the city for the purpose of making
the final payment of s51, 900 on the High
land Boy mine. AT Bingham, recently
purchased by Sam Newhouse and his
eastern associates. The Highland Boy
the laws of New Jersey short time
ago. and Mr.. Parsons is acting as attor
ney for the corporation. The Highland
Boy mine is being extensively developed !
under the management of Thomas
Weir, of this city. and contracts have |
been let for fine mill. which will be !
erected on the property this summer
F. l.. Talbot. the efficient superinten-
who was in the city yesterday, informs |
The Herald that this property is looking |
better than ever before since passing into |
the hands of the present company, and |
that he is opening up its ore reserves in |
a most satisfactory manner. AT the pres |
ent time. in the north drift he is work |
ing his men on IA inches of pay ore, while |
IN the south drift from the lower levels |
he is just breaking into a hne body OF |
high grade mineral. The company eX- |
poets to begin ore shipments as soon as |
the roads are opened and soon after it is |
the intention to install the new hosting |
plant and pump. From all indications |
the Frisco is down on the list as a |
winner.
The Olson brothers, who are working |
the old Hiatt mine. in Black Jack gulch,
Bingham, on a bond and lease, were in
the city Yesterday with a carload of ore |
from this property The Hiatt was one
of the abandoned mines of the camp a
few months ago. but since that time I
has been developed in thorough man
ner nv these practical miners, and The
Herald is informed that they have a fine
body of marketable ore exposed in this
from five inches TO foot in
width. that has been stripped for a dis
lance of from 40 to 80 feet. The boys
are not trying to see how much ore they
IAN break down at the present time. but
they are developing the property in a
niner-like manner. and when the roads
become settled they hope to be able to
begin regular and continuous consign-
nents of the precious metal