The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-09-13

The Record of Park City has been
very gritty during the continued de-
cline in silver, and by its firm attitude
on the subject and its consequences
has inspired hope ia the breasts Of
many who were at first disposed so
give up in despair when the slump first
came.
The crisis is now happily passed, how
ever, and the Record, in commenting
on the condition Of the camp. says:
News in mining circles has been very
scarce this week, nothing Of a startling
nature having developed. The Naleo's
lower tunnel is now In some ten feet
past the point where the ledge, ~ac-
cording to the survey made before the
work was commenced, should be cut
The ground Is still very hard and slow
progress is beng made. President For
tcsqUe Of the Creole has Been in town
for day or two looking after affairs
at that property. but there is nothing
new to report regarding it, notWith-
standing The Salt Lake Heraid's report
this morning of a heavy" deal in stock
The Dr.. Shores interest was bought, but
1t only consisted Of some $500 shares.
and was consequently an unimportant
transaction; da.bs Of stock like that are
changing hands frequently. Nothing
has yet been done looking to the work
ing OF the CreSoent-not even to the eE-
tent Of allowing the leasers to continue.
though they are gtill at work The vein
in the Shepherd property is said TO have
been cut in the southwest drift from
the bottom Of the Shaft, but the report
is not verified, as Mr.. Sheppard could
rot be seen. Last Tuesday NJ. John
J. DAILY was in town accompanied by
ny. John J. Broughall. agent for the
Wiley concentrating tables. Mr.. DAILY
got away from town without being in
terViewed but ii is supposed d contract
was given to MIR. Rroughan TO equip
the DAILY West mill withWilfey concen-
trating tables. Constellation is pros
peeting on their lead vein. The Utah
Mining & Development company has
not yet cut its vein in the drift from
the bottom of their shaft, though they
expect to do so at any moment. The
Ontario company is still working the
mine with q small force and extracting
ore and the Marsac mill has commenced
its test run on Ontario tailings- The
ditch for the new Silver King pipe line
is about completed and ready for the
six-inch steel mains that Will hereafter
supply the mine and reduction forks
With water. The camp has steadied
down to q normal condition now, and
the fright is oyer. Many people have
gone away, but a great many-betWeen
1909 and 5000 still remain, and bust
ness goes on as usual. The worst has
passed. From now on the Record looks
for steady improvement.
owen Greenan, the Crescent leaser,
paid his men Wednesday for August.
w w Ritter and Joseph T. Dye have
taken an option TO lease a promising
copper property in Bingham.
The employees of the Silver King and
Anchor Mining companies received
their checks for August yesterday.
The King also paid its regular monthly
dividend
Fred Flindt. j. Il. Morgan and John
Began have gone to Mercur to do the
assessment werk on a group Of claims
in which they are interested in that dis
trict
The tailings dump at the Anchor con-
centratcr. which was sold TO T. r. Jones
for the Peck mill q year ago, is all be-
ing hauled away and stored in the mill
building on the fat below town.
The Crescent company has about 10C
tons of sulphide ore on the platforms
OF the Crescent concentration, but owing
to the large percentage Of zinc it con-
tains [about % per cent? there is nc
market for the product.
Dan II. Thacker came over from
Snake Greek district last night. where
he has been prospecting and locating
the past two weeks. He is Jubilantly. en-
thusiasttc over the finds he has made
in that section, and is confident that he
is on the right road to immense wealth
He says that Snake creek is the great
est mineral country on earth, and with
in, q few years millions upon millions
will be produced from that district.