The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-09-05

will soon touch sf.50. Northern Light
was also in good demand and sales
were recorded at 20 cents Sales OF
DAILY were reported at S1.25.
J.. W. Warf. the county attorney Of
Carbon county. who was in the city
yesterday, states that a great deal OF
interest is being taken in the gllsonite
and asphaltum deposits in that region,
and that this promises to develop into
very important industry.
The Payne mine. in the Kootenai
country. British Columbia which is
largely owned by Hon. A. w. MeCune
of this city, is now shipping 100 tons
of ore daily that will run 50 per cent
in lead to the ton. The new tariff i'm
posed on this metal runs we'll I'D into
the hundreds at the end of the month.
A. Hulburt, representing the Waugh
Dry Ore concentration, informs The
Herald that arrangements are being
made TO put in custom plant in Gold
Mountain district This will be
good thing for the camp and will give
claim holders of limited means a chance
to do something. Mr.. Hulburt will
leave today for Butte in the interest
of his company
The officers of the Star Gold Mining
company, whose property is located in
Pine canyon. ToOele district, Tooele
county. are elated over the fact that
in the development of the property a,
fine body of ore, ranging from five to
ten feet in width. has been uncovered
that assays SIS in gold to the ton. The
mineral is a splendid cyaniding propo-
sition and the company is beginning to
talk mill"
The KIondike Gold Mining company.
recently Incorporated. is pushing work
in the development of it's property,
which is located a mile south of Har-
trap 20
some time ago to crosScut the ledge is
now in distance of $50 feet, while a.
shaft is being sunk on q body of iron
ore that is showing good gold values.
Lumber for bunk and other houses has
been sent out and the company is pre-
pairing for steady work all winter
j. F. Brown of Kanab, who has been
IN the city for several days in connec-
ton with business concerning copper
properties in northern Arizona in which
he is interested, returned to the field
of operations yesterday with the inten-
ton of pushing work in the develop
ment of the mine. Mr.. Brown states
that he is able to take out some verv
high grade copper ore. but that a
smelter is needed in that region as
there are immense deposits that will
pay to work on the ground. but which
will not bear shipping expenses
AT the Phoenix mine at Bingham the
ore bodies are increasing in size IN a,
most encouraging manner, and the re-
port that the company intends to re-
sumo the payment of dividends in No
vember has been confirmed by ones OF
the officers of the organization. In
fact, there is now enough money. inaths
treasury for a dividend. but as some
prospecting work is being done that
will call for the expenditure of con-
siderable money, It was thought best
to defer dividends until it was COM
pleted. The advance in lead is likely
to cause increased activity in the sill
Ver-lead mines of the "OId Reliable "a
W. 3. Hance, who is one Of the pop
ular clerks at Brown. Terry & Wood
rufus gents furnishing store on Main
street, returned yesterday from an
outing in State Line district, where he
has been spending a couple Of weeks
with his uncle, A. G.. Bast. Mr.. Hanca
states that there is q growing interest
being taken in State Line and that
capitalists and mining investors are
| beginning to take notice of the min
eral wealth of the district He also
says that r. J. Nugent, the Well-lCnoWn
mining man. has secured a bond and
lease on the property of the Big Four
| teen Mining company. located on Rice
hill, and that he has a force of men
at work in the development of the
same. According to Mr.. Hance the
camp of State Line will soon be able
/ to boast of the possession of a barber
/ shop and a shoemaker's establish
ment- Mr.. Bast, who is enthusiastic
| over the wonderful gold resources of
| the district, is acquiring interests in
| all the properties there that he can, as
! he has unbounded faith in the ultimate
future of that region.