The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-30
mining Notes and Personals.

W. S. Godbe. the well-known mining
operator of Lincoln county, Nevada, Is
in the city.
Silver quotations advanced point yes
terday. but it is a question whether or
not they will hold up at this notch.
New York is greatly excited over the
Klondyke discoveries and it is proposed
to call Klondyke stocks on the floor of
the exchange.
1t is a wonder that enterDrising Salt
Lake mining operators have not incor-
the Klondyke country. In other cities in
the west this is being Gone
A W. Fortesque of the Creole has re-
turned from his recent trip to England
on important mining business. He Will
go up to the Park today for the purpose
of making an inspection of the mine, and
he states that 1t Is the probable intention
to erect a concentration on the property.
The Imperial Paint company, which has
established works at North Salt Lake and
is engaged in the manufacture of min
eral paint obtained from deposits of this
commodity to be found in various por-
lions of the state, is meeting with good
success IN the disposal of the manufac-
tured article and it is giving excellent
satisfaction.
c. E Loose. who was in from Provo
Yesterday confirms the reports of an i'm
portant strike in the Grand Central at
Mammoth. although the extent of the de-
post has not been determined as yet.
Mr. Loose informs The Herald that the
company is building a wagon road from
the mine to the railroad and that when
il IS completed It is the intention to be-
gin ore shipments.
Ii IS stated that the Lower Mammoth
company. operating near Mammoth, is
making arrangements for the installation
CT a gasoline hoist in the mine, the in
tention being to place it in the tunnel
about $50 feet from its mouth at point
where a Wine is being sunk on a vein
of iron ore that carries gold values Of
from 50 to 81 ton The showing az this
tot fc Or1r a rir mr. c hd-
lieved that with depth a fine body of pay
mineral will be encountered.
Statesman, Boise Ida: r. S. Wooden is
down from his placer property on the up
per Boise. He and Charles Rotherman
have so acres on. Fish creek that they are
preparing TO work. They are now en-
gagged in constructing ditch to furnish
the necessary water. The ditch VIII be
a mile long and will carry 10000 inches
The building of this ditch is quite an un-
dertaking, as it involves much rock work
This enterprise is about ten miles above
Twin Springs. The projectors expect to
get TO work mining about Sept. l. The
ground is rich and good returns will be
secured.
The Denver Republican says: A new
mining exploration company was incor-
porated Yesterday for the purpose of car
rying on work in the Klondyke, Alaska,
region The name of the company is the
Kiondyke Gold Exploration company and
the incorporators are Asahel Sutton, Will
liam P. Bonbright. Sherwood Aldrich
Edwin Arkelt. A. L. GuQG6H ana ii. 4.
Hail. and all of Colorado Springs. The
capital stock is s1.OOO,00O and the objects
are stated to be the carrying on of min
ing explorations for gold. silver and
other metals in the Klondyke gold coun-
try of Alaska in American and British
Canada. The main offices of the COM
pany will be in Colorado Springs.
A gentleman writing from Florence,
Ida, says: Florence is soon to be the
scene of the largest undertaking on the
face of the earth. This is to be nothing
less than a tunnel to tap the entire camp
of Florence at a depth of $500 feet. 1t is
to be stocked for S25. 0O0,0 00 divided into
5000, geo shares at a par value of 81 per
share Stock will be sold on the following
terms: so cents per share cash on appli-
cation and cents share monthly until
paid up. This project offers no cut rates
il is a legitimate investment, not a bunco
game. and as such its stock will be sold
A special act of congress will be secured
if possible. on the same lines as the Sut-o
tunnel This project is fast maturing, and
when it is under way there is no doubt
but what it will prove veritable bonan-
"a to its fortunate shareholders