The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-11-02
Mining Notes and Personals.

The regular Swansea dividend of
$4,000 per month will be paid on the
10th inst.
Reports from Park City yesterday
afternoon We're to the effect that Valeo
stock was selling in this great silver
camp at $1.15.
A. E. Hyde expects to leave this
morning for Eureka for the purpose of
continuing exploration of the mammoth
cave disclosed in the property of the
Bullion-Beck Tunnel company.
]. E. Beveridge, the well-known min
ing expert and operator, left last night
for Nogales, Ariz., near the New Mex
leo line, where he will examine mining
properties for Salt Lake people.
Messrs. Morris & West, dealers in
mines and mining shares, have moved
their office from West Second South
into the Atlas block, room 431, fourth
floor, where they are now very pleas
antly located.
j. S. Lal1in of the Dexter, who re-
turned from Tuscarora, New, a few
days ago, states that the property is in
first-class condition, and that work is
being pushed in the construction Of the
new power plant.
James Moffat, manager Of the Star
mine, who is in from Pine canyon, re-
ports that the property of the company
is in excellent condition, and that the
new mill is starting out with a high
extraction of gold values.
Colonel Nick Treweek has returned
from Park City, where he is working a.
force of 20 men in the development Of
the Alliance, and he states that eX-
cellent Roadway is being made in the
exploration Of this valuable and prom
Using property
Hon. Isaac Trumbo of San Francisco,
who is in the city, is working a force
of 1876 men in the operation of his Eu-
reka and Excelsior mine in eastern
Oregon, besides which he is heavily in
terested in valuable mining properties
in California and elsewhere.
w. j. Snyder of the Gold Mountain
district, who made a visit of inspection
to some of the leading mines of Tintic
district the first of the week, made an
examination while there of the Star
Consolidated, which, in his opinion, he
states, lis the making of one of the
biggest mines in the camp"
The report from Park City to the eff
feet that the lower tunnel in the Valeo
had cut the ledge and that the vein
was a very large one, had a very slim
ulating effect on the stock of the COM
pany, the demand for this security be-
ing SO strong that it sold up to 81 on
the board during the morning call of
the exchange.
Manager C. E. Allen z1f the Centen-
nialEureka, who has just returned
from a visit of inspection to this great
wealth producer, states that the cave
in this property mentioned in yester-
days issue of The Herald, discovered a
few days ago, is 20 feet wide, 80 feet
long and u feet in depth, the cavity
lying next to a large ore body,
which is being cross-cut in the devel-
opment of the property.
A. ]. Orem has been given the privi-
lege of the floor of the mining ex-
change pending the vote on his appli-
cation for membership. The member
ship list of the exchange is growing so
rapidly that it will not be long now be-
fore the full number allowed will all
be taken, when seats will go to a pre-
MUM. In fact, it would be a difficult
matter to buy out any member at the
present time.
]. c. McChrystal, superintendent of
the Keystone mine, who was in the
city from Eureka yesterday, states
that there is nothing new in the opera
ton of this rich producer, but he said
that work was progressing finely in the
development of the Eagle and Blue
the work advanced, while the founda-
tons were being made for the com
pressed air plant, which is soon to en-
bellish this property.
The reported strike in the Emerald
mine at Mammoth is denied by the
officers of the company in this city, al
though the statement is made that the
property is in a most encouraging con-
dition, the indications being that a fine
body of ore will be uncovered almost
at any shift. The location of the EN-
erald is greatly in its favor, and many
are banking on this fact, as it seems
impossible that the working of the
mine should miss cutting into extern
sions of either the Grand Central or the
Observation-Disclosures ore zones, or both
A letter was received yesterday from
! Manager Sailing of the Joe Bowers.
in which the statement was made that
this Tintic property was looking ex-
tremelye WELL the shaft of the vein hav-
ing attained a depth of 300 feet, in the
bottom of which a station is being cut
preparatory to drifting on the fine body
of solid ore exposed in the workings of
the property. Mr.. Sailing also stated
that he had another consignment of
high grade rock en- route to the Salt
Lake market, while several other ship
ments would soon follow.