The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-04-24

of its workings.
Butte Miner: Ore is being shipped
1 from the Big Bonanza north of Walk
erville that goes over 100 ounces OF
silver to the ton. The ore was found al
the 1O0-foot level and the vein prom
ises to be permanent and increase IN
width as depth is reached
W. Gresham and Morris Quinn. who
have been with the Rio Grande West
ern railroad company for some time as
/ bridge builders, have accepted a 9oSl>
ton with the White Rock Mining &
Milling company, of Elko, New, where
they are assured of a steady position.
The mining share market was fairly
active on the curb Yesterday after
noon. Sales of Northern Light were
reported at IS cents. South Swansea
sold at $3.50 and Sl.S5. Bullion-ISeck
! changed hands at $40 and $3.50. while
Swansea was firm at $40 bid and S2.55
] asked.
Word has been received from Boul-
der, Col, that as work prog
resses in the development of the Black
Bear, the ore bodies are holding out
well and that this is more than likely
TO open out into a prolific and paying
producer oe the yellow metal. The
Black Bear is owned by Salt Lake and
Provo parties.
Denver Times: Four mining COM
panies in the Mercur mining district
OF Utah announced dividends vester-
day. Investors should be assisted by
such signs as this to conclude that
there is nothing in the financial mar
ket at the present time that offers such
assurances of large and permanent
dividends as the western mining prop
critics.
A carload of ore was received yes
terda2 from the Utah mine, and g.
though it has not been sampled as yet,
it is believed that 1t will carry values
of 80 per cent lead and over 800 ounces
in silver to the ton. There was an
increased demand for Utah stock in
the Dit of the stock exchange veS.er-
day and at an advanced figure. and ii
is the prevailing opinion that the con-
dition of the mine will well justify
this earnest inquiry and rise in price.
1t was rumored on the streets yes
terday that an important strike had
been made within the past few days in
the Mast mine. at Bingham. This
valuable property was purchased
short time ago by 5. w. West and j. j.
Sears of this city. and their Omaha
associates. who have been hard at
work in it's development eyer since.
Frank Knox of the National Bank
of the Republic. will take run out
to the Ajax mine, at Mammoth, this
evening.
Z. NJ. McCarrick and his associates
are pushing work in the development
of the Red Wing mine, adjoining the
Julia Dean, in Markham gulch, Bing-
ham, and considerable prospecting is
being done in new ground. The bows
are not shipping at the present time
on account of the high smelter charges,
but The Herald is informed that in the
workings of the mine there is a II or
16-inch body of ore exposed that will
carry values of 90 ounces in silver and
$14 in gold to the ton.
The South Swansea Mining company
has furnished its Office in the Atlas
block in elegant style, and the secre-
tary is now "at home" to visitors and
friends. The listing committee of the
mining exchange has invited the COM
Dany to list its stocks on the board.
and it is hoped that it will do so. as
it is now considered as being one of
the best investment and dividend Sc
curities on the market, and it should
have place on the board with other
stocks in this class.
Beauregard and Nichols are still hard
at work in the development of the West
Dip group of claims in the Sunshine
country, Camp Floyd district. where
few weeks ago. and ii is stated that
their 5-foOt incline shaft is now in Il
body of teaching ore that carries aver
age values of $3.50 to the ton in gold,
while picked samples go as high as IS.
From all indications this prospect is
the making of a paying mine And
thus the district grows in a. and
Importance.
Statesman, Boise Ida: a Ian ia
miliar with Snake river from one side
of the state to the other inform the
writer that no less than 1000 men make
q living by mining along the stream.
They are scattered all along. Some
times one or two are found in a place.
but more generally they are in COM
munities. These men make from 81 TO
So and upwards a day. The average
is probably less than SO. but the men
are independent and are far better off
than those who drift about from point
to point looking for work at wages.
A letter has been received from
North Wash in the Henry mountains.
stating that Angus Mcclellan was hard
at work getting ready TO wash out
placer gold with his Little Wonder
A week ago he had his
all set ready for operations. I
but before he could make start +
flood came down the dry wash and ]
ne was cOnDelleQ TO move his --dH-, |
which interfered somewhat with his |
ca lculations 1t is an i'll wind that !
blows nobody good" however, and now
he is satisfied that he will have all the !
water that he will need for three /
months TO come. 1t is believed that he /
Is saving gold by this time and that |
within a week or so word of his success !
will be received in this city.
Stock Broker.