The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-03-11
Mining Notes and Personals.

The Dalton &, Lark was in the market
yesterday with IA carloads of ore.
j. H. Marriott. of Osceola, New. the
land of rich gold placers, is registered at
the Cullen.
Mercur stock sold on the streets yester-
day afternoon at S6.9712. Swansea at 81. 80,
and bids of .S5 for South Swansea were
recorded.
A F. Holden of the Old Jordan & South
Galena left for California yesterday for
| an outing on the coast, accompanied by
his family.
A cement floor is being laid in the base
ment of the Dooly block. and as soon as
| everything is ready the laboratory of
Prof Charles Buffers will be established
there.
j. W. Neill, the genial local manager of
| the Taylor & Burton samDling works
Will enjoy keeping house by himself for
the next few weeks, as yesterday his wife
and daughter left for California on
| pleasure trip.
! 1t was learned yesterday that the Sun
beam assessment had been nearly all
paid in. and that it is not at all likely
that any of the stock will finally be sold
as delinquent. The stock of the company
! is much firmer than it was a week AGO.
Iron County Record: Our old friend @.
agreeable call today Mr.. Goddard
brought in about 80 pounds of magnetic
| iron ore which he will ship to Judge W.
A. Sherman at Salt Lake City to have it
! tested.
]. ]. DAILY. of the Daly-West mine, and
DR.. Allen Fowler of this city, are in OLD
Mexico on business and pleasure bent.
and Il IS limited that before their return
they will load up with some of the lead
ing bonanzas in the land of the Monte
Zumas-
George Dern went out to Mercur yester-
day with the checks for the men at work
ut the Mercur mine and mill. the Brick
yard mine and the Rover. The monthly
payroll of these three companies scat
tiers large sum of money in the camp of
Mercur.
1t was expected that the Daly-West
company would declare dividend this
month, and as it has not been forthcom-
ing the stock of the company has weak
ened q little in consequence. 1t is be-
lieved, however, that the Daly-West will
pay dividend early in the summer.
Three of the directors of the Galena and
Utah Mining companies are out of the
city, in consequence of which nothing was
done yesterday in the way of declaring a
IS matter of doubt in mining circles
whether or not either the Utah or the
Galena will declare this month.
Good reports continue to come in from
the Hecla, at Mercur. and it was stated
yesterday that since the reorganization
of the company and the taking up OF
the bond, there has been an active de-
mand for the stock of the corpora ton, !
and that during the afternoon 1900 shares !
of the treasury stock of the incor0ora- !
ton changed hands at 80 cents a share.
Inc South swansea QlQ not declare a /
dividend yesterday as anticipated. but it |
is understood that the directors of the I
company will meet at Silver City some /
time this week and issue the notice of the /
payment of the regular monthly dividend (
of $500 The Herald was informed yes
terday by one OF the officers of the COM
pany that there was no doubt but that |
the dividend would be paid.
Hyrum Beck. who has a lease on the
Northern Spy mine at Eureka, left last |
night for the mine for the purpose of in
creasing the working force, as it is his
to take out a large amount of
lowGrade ore for the Sioux mill. 1t is
stated that in this property there is a
fine BODY of good shipping ore exposed
valley samplers. The Northern Spy is
one of the old producers of the camp. and
II is believed and hoped that Mr.. Beck
VIII make barrel of money out of his
lease.
Sheriff T. P. Lewis made a trip to
Mammoth the first of the week for the
purpose of taking a look at the reported
find in the SiOuX-AjaX tunnel, but the
snow was so deep that he was unable to
get up to the mouth of the tunnel. 1t is
the understanding. however. that the ore
the Cleveland territory The ore on the
tunnel dump has been aSSayed and the
determination disclosed values of 20
ounces silver and 50 in gold to the ton.
The Cleveland has been leased by some
IF the stockholders of the company. and
is soon as the tunnel is out of Cleveland
ground they will begin work in exploring
he vein.
w. E. Hubbard. the secretary of the
Point, returned yesterday from
t-iD to the mine. which. he states, is
ooking fine, with large bodies of milling
Ind shipping ore exposed ready for eX-
raction. At the present time the man
lSement has a shipment of rich ore
acked ready for the market. with lots
# milling ore on the dump. Mr.. Hubbard
distributed wealth among the men en-
,loyed at the mine and left them feeling
appy. He states that an assay Office has
verifying is working as nicely could
e wished. Mr.. Z. c. Cooper of Wyoming
vent out with Mr.. Hubbard and he was
veil pleased with the showing made. In
act. he was surprised. and ii is more !
han likely that ne will increase his hold
ngs in the stock of the company. Mr..
hubbard and Mr.. Cooper also visited the c
Iorthern Light mine. adjoining the Chlor-
lie Point. and Mr.. Hubbard reports that
his property is looking better than he | c
yer saw it before. and for the first time d
e made an examination of the Iron tun- A
ell, which are new workings which have F
cen opened just above the Woodruff tun- z
Ell. In this tunnel. according to Mr. Hub 6
ard. there is an immense body of ore z
xpoSed in virgin ground that carries ex- &
client values in gold and silver The z
ron tunnel is connected with the Wood g
lf workings by a winze, so that the ore =
ON the former can be moved by gravity
ito the latter and then on cars out to
lie Northern Light mill, Mr.. Hubbard
.ates that it is one of the finest in the d
)untry, and that the stockholders of the
,mpany need have no fear but that their
vestment will prove to be profitable as
lere is every reason TO believe that this
-operty will come TO the front as one of
lie best paying propositions in this inter-
ountajn region. "