The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-03-03

promising properties in this western coun-
try
The old Swansea was in the market yes
terday with 13-car load shipment of ore.
Word has been received from Silver City
recently that the Swansea mine is looking
better than ever before. and that new
strike has recently been made in this
property.
planned to so out to Tintic this morning,
and 1t is safe to say that by this time
they are fairly on their way TO one of the
greatest camps in the west. During their
absence they will make an examination
of the Bullion-Beck and other mines in
the district
The South Swansea was in yesterday
with a consignment of ten cars of ore.
There is great deal of activity in South
Swansea stock on the streets at the pres
ent time, and during the past few days
more of this security has been transferred
on the books of the company than has
been the case for the past month.
Two youthful stock brokers, ]. ]. BAN
berger and w J. Barnett, have opened
an office at 161 Main street. These young
gentlemen have been educated in BUSH
ness and are fully competent to attend
10 any orders placed with them. and as
they have good financial backing there is
no reason why they should not do we'll
full"
The annual stockholders meeting of
1.-THE New American Natural Gas & Fuel
company was held in the office of the
company in the Commercial block yes
terday 1879 shares of the stock of the
corporation being represented. The re-
ports OF the various officials of the COM
Dany were submitted. but in order that
they might be audited by the committee
before the election of officers was held,
the meeting was adjourned until the 18th
of April.
William Orr, the genial representative
of the McArthur-Forrest people of Den
yer, will leave for Colorado this morning,
and il is expected before his return that
a vigorous campaign will be mapped out
for the coming summer as far as relates
to the use and introduction of the cyanide
process of reduction in this western coun-
try. The use OF cyanide as solvent Tor
=old has made Mercur what it is today,
and this system is daily gaining ground
in the mining camps of the west.
Hudson Smith is in from Eureka, WHARF,
he is hard at work in the development of
the Brooklyn mine. north of Eureka
gulch. and he states that the indications
are very encouraging at the present time
The workings of the Brooklyn are now
down to the 1S0-foOt level. and az this
point healthy quartz that is well mineral
lied has been encountered. and il begins 10
lock as if fine body of ore would be
uncovered with depth. The heavy snow
of the past week has compelled the clos
ing down of the work at the mine, but
this will be resumed again this week
A 20-ton lot of ore from the Homestake
mine, in Tintic district was received in
the city yesterday, which showed assay
values of $50 per cent copper. Sc ounces
silver and 81 in gold to the ton. 1t is
reported that the showing in this property
is all that could be desired The new
steam hoist for the mine is now being
put in place, and it will not be long after
it is in running order before the ship
ments of good ore will be coming in with
pleasing regularity. The bottom of the
S00-foot shaft shows a fine body of ore.
and it is stated that between the go and
thte 3O0-foot levels there are so feet of fine
stopping ground.
Z. Z. Crooks. vice president of the
Northern Light Mining company, who re-
turned Monday night from visit to Lion
hill where he made an inspection of the
Northern Light mine and mill, informs
The Herald that he is well pleased with
the showing made in both mine and mill.
and he is confident that when the latter
is started up the company will be able
TO make a record as dividend payer
that will compare very favorably with
any of the big producers of the west.
While Mr.. Crooks was at the mine the
fire was started under the boilers and it
will be but few days now before steam
will be generated and the machinery set
in motion for a trial run.