The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-04-01
which would Justify the advance in bid.

which would justify the advance in bid
ding quotations
1t is learned that the last lot of South
Swanse ore-sir carloads. which was set
netted the company between $3.50 and
s2.e00. The company is doing we'll and the
mine is in excellent condition.
1t is stated that Captain J. R. De
Lamar, the mining masnate who is back
CT the Golden Gate aBo several gigantic
mining enterprises in this western coun-
try, is expected to arrive in the city from
Europe about the first of this month
Z. A. Street. the veteran mining opera
tor who has mined in nearly every state
in the west, has returned from Idaho,
where he has been for some time on min
ing business. and his many friends here
are glad TO welcome him TO Zion again.
Democrat Baker City. Ore: The Cliff
mine is developing into wonderful prop
erty and Messrs. Stout and Howard, who
hold bond for its purchase. are so well
satisfied with its showing that today or
tomorrow they will make a payment on
the purchase price
The lower tunnel in the Phoenix ground.
at Bingham. is now IN the ore chutes.
the bodies of good mineral being very
large. The tunnel is l.SOO feet in length
and its face is I'm ore at a vertical depth
of about GOO feet. The company is ship
ping regularly and heavily.
1t is understood that the developments
in the exploration of the Cannon ground.
at Mercur, are OF a most encouraging
nature and that cinnabar is intermipgled
with the vein. There is scarcely any
doubt but that mammoth body of good
milling ore will soon be uncovered liz this
promising property.
Mammoth stock was a little firmer on
the streets yesterday and it is believed
that in the recent slump il has touched
bottom and il would not be at all sur
prising if it should go up as rapidly. or
more so, than it has gone down, or if it
touched p higher point than il has for
three months past.
Word comes from the Italian, at Lees
burg. Ida. that the property is in good
shape for the resumption of active opera
tons in the near future. The snowfall
in that section has been quite heavy dur
ing the past month. which will delay the
starting up of the mill for longer time
than was anticipated a few weeks ago.
The Sacramento paid lis regular month
ly dividend of 5000 yesterday, and the
stock of the company was in excellent
demand on the curb at AZ cents. 1t is
stated on good authority that in the work
ings of the mine a million dollars. net. is
in sight, and the ore reserves are con-
stantly growing larger rs development
work progresses.
Accompanying the annual report of the
Mercur company, which has been pub
lished in pamphlet form for distribution,
there is a map showing the ground en-
braced in the Mercur group and also the
underground workings of the mine from
which an excellent idea of the operations
OF lnlS NdludDle properly can De obtained.
The report itself is exhaustive and gives
a detailed and comprehensive account of
the condition of the property. the output
and earnings for the past year and the
present financial standing of the COM
pany.
A special from Cheyenne. Wyo., says:
Hon. Herman Glafcke returned this morn
ing from Uinta county. where he has been
making an examination of recently dis
covered mineral district. He states that
the ore district extends from a point three
miles south of Evanston south to the
Utah-Wyoming line, and is in places sew
eral hundred yards wide. The ore is
decomposed formation, resembling that
of Mercur, and assays as high as two
ounces of gold to the ton. Mr. Claiche
who represents Il firm of eastern invest
ors. will ship a carload of the ore to the
most convenient reduction works for
thorough test of the ore.
The Bob Ingersoll Mining company of
this city, which is developing promising
prospect in the foothills not more than a
couple of miles east of the temple. has
reason to complain because of the fact
that for the second time the door to the
tunnel has been forced and all the tools
stolen This is certainly an outrage. and
in some mining camps the miscreants. if
caught, would be given only a few hours
in which to leave, and they would be
lucky also if they escaped without ex-
periencing bodily harm. The company is
otfsrlng reward for informatio which
Will lead to the arrest and conviction of
the perpetrators of the outrage