The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-10-16
Mining Notes and Personals.

Superintendent Turner. of the Last
! Chance nina, was in from Brigham yes
terJ1ay.
1t is the prevailing impression in mining
! stock circle that the Geyser- Marion viii
! declare its usual monthly dividend on the
2Srd
The annual meeting of the stock holders
of the Anchor Mining company viii be
held at Park City on Wednesday. Nov.
II. at 10 a m.
A shipment of ora from tEla Golden Ea-
! gle, located near Wiuuemucca, New, is
| expected TO arrive in the City Evillltn the
next few days.
market yesterday afternoon We're as fol-
( lows. Silver. 5sa4 cents; lead, brokers,
( S3.T5; exchange, $685.
W. W., Chisholm, Of the, Centennial
Eureka left yesterday for klamath Lake,
! in Oregon, where he is interested in
fine resort on the lake with Mr. J. d.
! Kendall.
G. r. Boutwell,, WHO is back from an
/ that the property Is looking fine and that
4 it is showing up better as development
and prospecting work progresses.
Word has beer TsesiSfd from rom the ne A A
to the en>AS that a two foot bodH of
! heavily copper stained quartz has been
/ recently uncovered in the mine, and that
/ the outlook for the property is most en-
couraging.
Silver quotations advanced to $50 cents
/ yesterday and mining men are beginning
! to feel more hopeful for the future of the
! confident as to its ultimate outcome that
! he offered to wager $40 that within 80
! days the quotations would go up to 80
! cents.
Ed McKarvick, the superintendent of
1 the Redwing, at Bingham, who is in the
! city, states that work ON this property
! of late has been confined to the upper
J tunnel which is in a distance of 30 fest,
! and THAT during the past few
! days a few inches of gold and copper ore
! have been uncovered in THE face of the
I workings
AT an adjourned meeting of the stock
! holders of the Four Aces Mining company
! to be held on Monday at the office of the
! company in the AuerbdCh block, the ques-
capital stock of the company viii be acted
( upon and the special auditing committee
I appointed on Thursday Of this week Will
then make its report, All of the stock
| holders are urged to attend the meeting.
q special from Lake CNy. Colo, says.
( 1t has been currently reported that very
rich ore has been ua coYered in the lowest
/ workings Of the Golden Fleece mine.
! T'here saanls TO be am effort ON the part
/ of the management 10 maintain secrecy
j in regard TO II, butt our Information is of
! such a character as t.. ~p4GTanl the as
] sertlon that this mine IS opening up an
. other of its famous bodies of [SlluTic ore
The advance in silver quotations Is be-
lleved by mary to be the result of an
( tcipatlons regarding the action of the
/ British government III relation 10 the in
7 creased use of the White metal, and there
fore is taken az q good omen by the min
+ ing contingency of the western states. The
! decline in lead in the afternoon however
/ was a cold blanket on the lead industry.
( but 1t IS hoped that a speedy advance IN
/ this commodity will soon be recorded.
Prof. w. II. Tfbbals Is in receipt of a
1 letter from ex-CODr5ui B. G.. Daniels. dated
{ at London, in which The request rs made
that the professor ind him ane or two
( 100000 or $4,000 mining propositions, 10
I be submitted 10 h!Yn at WASHINGTON D.
/ c.. in November or january neS.1, The
/ professor is ON the lookout for properties
/ of this kind, and If successful in his
/ search. viii meet AR Daniels at the VA
! tGal CAPITAL at the time specified IN gla
letter.
Major H. v Ronm, the successful Lead
vile rlininG operator, IS IN the city from
the West Dip counary and the regions
around ODhtr, where ne made q careful
! study and examination Of the foCmQti1n,
! MS conclusions being that the Sacr.oms ma
! VISITED are equally as good in the way
: country in the iTnGnedhlte vicinity of the
/ La Cagale and the Daisy. Major Boam
| is highly impressed wish Lion hill and ne
/ says that the naturalization there Is truiy
wonderful, and lle would Ike much 10 see
what a deep shaft rs 4sae granite, IL gran
| Ute exists below, would reveal,
The suggestion that the mining stock
! exchange De discontinued is meeting with
/ considerable opposition With the public at
( large, and II IS believed that some Of
1 the brokers who at first favored the
I proposition have changed their minds
! somewhat on the subject There are those
/ who oppose the stock exchange, but as a
matter of fact it is a necessity that daily
stock quotations should be established in
/ order that the business may prosper and
/ thriv6 in this city, and even If the amount
of business is not large ON the floor of the
exchange the caH establishes quotations
/ upon which TO base transactions on the
] curb. IN the mining GAinOS OF Utah the
! daily quotations as furnished the daily
/ morning papers are about the first thing
the miner looks at and this class of peo-
! pie, who are often dealers in stocks
! would be at q loss without the official
quotations made in the pit of the ex-
cha nse.