The Lehi banner. [volume] (Lehi, Utah) 1891-1917, 1899-01-28
MINING NOTES.

advances.
Work at the Massachusetts,, at Park
City, has been suspended, pending the
arrangements for sinking the new
shaft.
A new mining exchange is to be
started in Salt Lake City for the pur-
pose OF holding an afternoon call. Its
promoters believe there is room for two
exchanges.
vernal is full of imaginary million
aires, the result Of locations in the new
gold camp over the river. Favorable
reports continue 10 come in, despite
the wintry weather.
Advices from Silver City are to the
effect that the new hoist at the -Four
Aces has been put into commission,
and that the plant is running smoothly
and in most satisfactory manner.
Word has been received from Tusca-
rora, New, that the Dexter's new
power plant is now in successful oper-
alton, and that the forty stamps at the
mill are dropping regularly and con-
tinually on good grade Of ore.
The latest reports from the Superior,
ut Park City, are to the effect that the
drift being run east on the ledge has
encountered twelve-inch streak OF
high-grade steel galena ore that gives
flattering returns in both lead and
silver.
IL Is rumored that in all likelihood
the Utah company OF Fish Springs will
resume the payment Of regular divi-
dends this month. The company Is
amply able to do this and IL will doubt
less post its dividend for January this
week.
Il. f. Caffey OF Castle Gate, secretary
and treasurer of the Bald mountain
gold mining company which owns the
the Annie Laura mine In Gold noun
tain district, states that the property
is in excellent condition, with lots OF
good gold ore in sight.
Writing his representatives in Salt
Lake City from Helena, Hon. w. A.
Clark, who recently purchased the
property of the Ophir Hill company at
Ophir, says he will not be able to give
that property his attention until mat
ters now occupying his attention else
where have been disposed of.
The Electric company, owner OF
property at Sunshine, on which over
100 feet Of prospecting has been done,
Is perfecting arrangements for further
work. The company has uncovered
some very good values, but they were
lacking in uniformity, and the inten-
ton is to extend the work into new
ground.
The governing board Of the stock
exchange has made ruling that here
after the representatives of a member
on the floor of the exchange must be n
legal partner In the business, while
each member will be allowed but one
clerk in the pit during the call. II is
also proposed to publish legal quota
tons daily In some form not yet de-
termined upon.
The Saltpeter company, owner OF the
saltpeter deposits in Neif's canyon,
about six miles distant from Salt Lake
City, has decided TO put its material
into commercial form at once and to
that end will begin the erection of n
teaching plant, the foundation OF which
is set of eight tanks and a flow of
water. This provided, the crushing
OF the crude ores, that average about
40 per cent saltpeter per ton, and the
precipitation of the article will COM
mence. A market has been assured the
company by the powder plants of the
Pacific coast.
Articles of incorporation OF the Utah
Saltpetre company have been filed.
The capital stock is placed at $780,.
900, divided into 800, 900 shares OF
the face value OF 10 cents share. The
officers are: John Beck, president; w.
w. Bryan, vice president; Briant s.
Young, treasurer and secretary; who,
with Otto Hudson and Albert Richter,
are named as trustees of the corpora.
ton. The company's property con.
sists of Nitrate No. 3, Nitrate No. 4,
Nitre No. aud Nitre No. claims, in
Big Cottonwood mining district, said
TO be OF cash value of $4,000.
Interest in the new mining district
across Green river shows no sign of
abatement Parties just in report new
discoveries daily, and express the opin-
ion that that the opening of spring will
develop good camp In that section.
For the most part, the ore so far dis
covered is onIlthc Utah side, but IL is
the opinion of great many that the
vein extends for some distance across
the state line. 1t is now stated that
the vein that carries the values runs
parallel and within 300 feet Of the dyke
upon which the Golden Wonder mine
is located. This mine has been ex.
tensively prospected by local com
pany, but the values have as yet not
exceeded 81 TO the ton in gold.
Pipe-laying on the Sunshine water
line continues and four miles of the
line are complete. A large force OF
men is blasting the ditch through solid
rock in the mountains on the Sunshine
side, and another force connecting the
pipe. The line is made of four-inch
pipe for the main, aud the branches
two inch. The Manning branch leaves
the main at a point high enough on the