The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-15
Mining Notes and Personals.

The Eureka Mining company
has its checks ffeady for distribution to-
morrow in payment for its regular
monthly dividend.
The Minnie of Bingham is seemingly
slated as a favorite and this stock
created quite a. furore in the pit of the
B. F. Redmond has made application for
membership in the exchange and his APP
Dlcation has been referred TO the gov
erning board for action
The Grantsville correspondent of the
Tooele Transcript reports that S. S.
Wcrthington has made a strike on Wild
Cat mountain, in the desert, of ore that
assays 4Ol ounces silver and So gold per
ton.
1t was rumored on the street yesterday
that in all likelihood the Utah company
OF Fish Springs, will resume the payment
of regular dividends this month. The
company is amply able TO do this and it
will doubtless post its dividend for
January this week.
Work is being pushed in the develop
ment of the Raymond at Eureka and the
/ double compartment shaft is being push
ed TO the deep as rapidly as possible. The
Raymond adJOins the Gemini-KeyStone
and BuiliOn-Beck mines on the north and
is accounted as being valuable ground.
Colonel Isaac Trumbo. owner of the
great Eureka & Excelsior mine near
Baker City. Ore, has been seriously i'll.
He contracted the grip through exposure
in looking after his mammoth oregon
property, but is now rapidly recovering
and writes that he will leave for Salt
Lake shortly.
Lead quotations jumped up TO s3.s2ls
yesterday and the indications are that 1t
will soon touch the "a mark. Silver also
made fractional advances while casting
copper went up TO l2l2 cents. surely, with
the metal market on the upgrade, there
should be greater activity than ever in
the west in mining affairs.
The members of the stock exchange are
scheduled to meet in the, stock exchange
fl,aA
room at p. m on TUESDAY next Tor the
purpose of adopting or rejecting the new
constitution. There is some talk among
the members of making the exchange d
corporation and the governing board has
been instructed to take the matter up
Tor consideration
The Biesinger- Beck Mining company of
this city. operating in Madison county,
Mont, has just received settlement for a
carload shipment of good ore which net
ted S953S to the ton or $l,O5S.6S. The mine
is steadily improving as work in its opera
ton progresses and il is the intention Of
the company 10 maintain regular cOnSiSn-
ments from this on. The shipment was
divided into three lots. one of which as
saved s per cent lead and $40 ounces in
silver to the ton.
1t was learned yesterday that the verti-
cal shaft being sunk in the development
of the Gold Treasure. near the Joe Bow
ers. at Diamond, had encountered the
hanging wall of the ledge at a depth Of
SiXty-five feet, samples of the ore now
on exhibition in this city being similar
in appearance to that just uncovered in
the Midnight Bowers, and spotted with
galena. The officers of the company are
eiated over the discovery and will at1once
erect a within at the mine and increase
the working force to three shifts. The
association is in excellent shape, fnan-
cially, as it is free from Indebtedness. has
a good cash treasury reserve and unsold
treasury stock with which TO meet future
emergencies.
Joe Bowers which has passed the pros
pect mark and can now be classed as
mine of no mean proportions, was de-
cidedly on the upgrade yesterday, and as
everything points to the early settlement
of threatened litigation it is believed that
it will not be long before it will touch
the 50-cent mark in it's selling quotation,
which, it is stated, the condition of the
mine and the splendid showing of high
grade ore in its workings would fully
justify. The joe Bowers, it is learned.
was named after mule driver of that
name who hailed from Missouri and who
was q. character in the Diamond end Of
Tintic district in the early days. Joe
used 10 sing a song around the cabin fire,
one Staye of which read as follows: My
name it is Joe Bowers, / came from
county Pike" and as the ditty was a
popular one in camp the locator of the
Joe Bowers ground gave it this name in
honor of the Missourian.