The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-13

ployed at the mine and the mill. The com
pany now has As men in its employ. and
the distribution of wealth in wages TO is
employees amounts to about S0.eOI
monthly.
Frank Y. Taylor. the secretary of the
Buckeye company of Tintic. was a busy
man yesterday. and he had all that he
could do during the day making transfers
of the stock of the company Buckeye
was in good demand throughout the day,
and il IS believed that it will continue TO
advance for some time to come
Colonel Nick Treweek of the Lucky
being confined TO his home for several
weeks on account of i'll health. Mr.. Ire
week was one of the sufferers or the
Scott-Auerbach fire, but he can now 81
found in the office of a. NJ. Grant and
W. H. Remington in the Progress block
Colonel o. B. Hardy, president of the
Bingham Copper company. has returned
from the east, where he has been for the
past month on important mining pusi-
ness. Mr.. Hardy was accompanied on his
home trip by w. j. Nelson OF Boston.
and il is said that these two gentlemen
are negotiating for the purchase or the
property of the Rich-Cache Mining COM
pany.
The Mammoth Mining company was in
the market yesterday with 20 tons of ore
that assayed seven ounces in silver and
s9i in gold to the ton; The Mammoth Is
shipping quite heavily of late, and a
Voodly portion of the ore is high grade
and carries well in gold. If the COM
pany keeps up its lick in this line IL
should not be long before it resumed the
payment of dividends.
Journal. Logan. Utah: Messrs. w j.
Nelson. a mining Speculator and broker
of Boston. and o. B. Hardy, OF Salt Lake
are, we understand. negotiating with the
Rich-Cache Mining company with view
to bonding its claim for $4,000 We have
not learned the exact terms of the bond,
nor the proposed purchase option The
Salt Lake yesterday, and Rich-Cache
stock has taken jump upward.
E. A. Benson, of Omaha, one of the
heavy shareholders in the Sacramento
company of Mercur. has just parted with
7.1& shares of his stock to a Chicago
capitals at the rate of 40 cents a share.
Mr.. Benson bought this stock few
months ago at from l6 to % cents a share.
so that IL is plain TO see that he has lost
nothing by the transaction. nor will the
new purchaser. as there is no reason why
the stock of the company should not adj
vance to a dollar share within the next
six months.
Sam Pollock the general manager of
the Hercules mine which y located just
east of the Chloride Point Consolidated.
on Lion hill, is pushing development work
in the driving of a tunnel with two shifts.
Mr. Pollock is Sanguine that he Will en-
counter the vein within n distance of 200
feet, but the company, which is a strong
one. has made arrangements to go at
least 800 feet. The Hercules is well To-
Gated. and there is not the slightest doubt
but that it will find place on The ship
ping list before the close of the year.
H. Bastain, who has charge of the de-
velopment of the Electric mine, in the
Sunshine country. who is in the city on
business. states that drift is being run
west from the 300-fOOt level in this prop
erty, and that he is confident that within
80 feet more he will encounter the vein
that shows on the surface from which
gold ASSAYS of 81 can be obtained at any
time. The outlook for the Electric was
never more promising than il is at this
writing, and the company expects that
il will soon be able to make the an
nouncement that it has developed into
a milling proposition.
Hon. George W. z. Dorsey who re-
turned Thursday night from a visit 70
Mercur informs The Herald that the
pleasing manner. An incline shaft was
started a short time ago in the develop
ment of the property. and the major
states that this is now in a distance of so
feet, and that in the face there is a five
and a half foot body of ore that carries
good values. A shaft is being sunk on an
other portion of the property. but this
mas not yet cut the mineral zone. Mr..
activity at Mercur at the present time,
and that as soon as the weather moder-
ltes the camp will boom greater than
sver-
A gentleman writes The Herald from
Diamond. in Tintic district that the
Buckeye mine is looking out of sight"
and ne confirms the statement made in
.hese columns yesterday relative TO the
-ich strike in this property. which. he
states. consists of a fine body of carbon
.ta of lead ore that assays from 30 to 20
DER cent lead and from IS to 800 ounces in
silver to the ton. The writer also says
hat the Tesora mine, which is owned by
Park City company. has good shipping
IRE in sight. and that A. w. Windberg !
las but recently purchased the Hard
Tack mine. near Diamond. with the in I
ention of developing the same in thor |
,ugh manner Diamond is one of the old |
st camps in Tintic district. 1t is located |
! short distance below Silver City. and II /
8 believed that it will not be long be- /
ore il receives the attention at the Fands 4
# mining men that it so richly deserves. /