The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-11-06

an assessment of half a cent a share, in
order to raise funds for the continued de-
velopment OF its promising Marysvale
property.
1t is learned that Hon. Thomas G. Mer-
rill is making good money out of his
Liverpool mine. not far from Butte. and
that the property is in splendid condition,
with lots of ore in sight.
Assays made on ore brought in from the
new strike in the Rabbits Foot mine, in
the Silver City end of Tintic district,
showed metallic values of 1853 per cent
copper, 3S.5 per cent. copper and So in gold
to the ton, besides 29.7 in iron.
After the call of the listed stocks on
the floor OF the exchange yesterday MORN
ing. A j. Orem was elected to member
snip by acciamation, while j. b. Timmony
ana +. ID. Miller were given the privileges
of the pit pending the vote on their appli-
cations for membership,
Three of the Mercur crowd, composed of
Messrs. John Dern, John Heinrich and
w. 5. Brown, will visit the property Of
the West Mountain plaeers today for the
purpose of seeing for themselves the pay
gravel that has been uncovered in these
Bingham diggings. in which they are
heavily interested.
]. H. Mccain, Superintendent of the
Rabbits Foot near Silver City, Tintic, who
was in the city yesterday states that just
before leaving the mine the workings
broke into a fine deposit of copper, dis
closing a vein of from seven TO eight
inches of high-grade stuff. The company
is feeling highly elated over the dis
covery.
During the past week there has been
considerable activity on the street in the
stock of the Hobble Creek Marble com
pany, one block of over 10000 shares go
ing into the hands of an Ogden investor
at prices ranging from 8 to cents per
share. The property of the company is
being surveyed for patent, and it is looked
upon as one of the best prospective pay
ing propositions in the west.
DR.. M. n. Buck returned Friday from
Beaver Lake district. where he has been
Tor the purpose of inspecting the work.
ings of the Copper Mountain and other
mines, bringing home with him some
splendid specimens of copper ore from the
Copper Mountain, as well as from other
properties. Yesterday was busy day
with the doctor, as he made the purchase
of Buffalo whim for the Copper Noun
tain mine. complete, besides ordering 1000
feet OF lumber, 100 feet of iron rails and
other supplies.
j. H. Conrad, the heavy mining operat-
or, arrived in the city from Butte yester-
day morning. Mr.. Conrad with his asso-
clateS, recently purchased the Madisonian
mine at Norris, Mont, in the development
or which he is now giving employment to
a force of 80 men, and he estimates that
in the workings of the property he now
has 10000 tons of good milling gold ore in
IN these columns, not long ago invested
heavily in the Massachusetts mine at
Park City, and he will visit this promis-
ing property some time this week.
The ruling of the governing board of
the stock exchange to the effect that
hereafter dealers will refuse to pay a fee
for the transfer of mining shares on the
books of the various mining companies,
is likely to precipitate a merry war be-
tween the secretaries of these companies
and investors and stock dealers, it being
the intention of the governing board to
make test case in the matter If neces-
sary. How strongly the mining companies
VIII stand out against this order remains
to be seen, one secretary stating that the
exchange had them on the hip as the law
states that transfers shall be made on
demand, without any reference being
made to the paying of a fee for the SER
vice.