The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-02-18

states that this wealth producer and divi-
dend payer is looking well
1t is reported that a deal is on looking
TO the consolidation OF the Golden Seals,
adjoining, the impression prevailing that
the combination is a good one
1t is learned that good Roadway is be-
ing made in the development of the IngOt,
adjoining the Mercur- mine. and that the
face of the drift being driven north from
the old shaft is in mlneranzed ground,
carrying some gold
The Raymond Mining company of Eu-
reka. now engaged in the development of
promising ground north of and adjoining
the GemIni-keystone mine, has just let
contract for the sinking OF its double
compartment shaft TO the 4O0-fOot level.
Major ]. Z. jackson. president of the
salt Lake stock exchange, made the an
nOuncement Yesterday that hereafter
there would be no Saturday afternoon
call of the exchange, the new ruling 10
go into effect today.
Will Griffiths has returned from his
Tlntic visit. While in this progressive
district he made an inspection of the
property of the Crown Point Mining COM
Dany. and he states that the bottom of
the siXty-foot shaft being sunk in its de-
VeloDment shows gOoti-SiZed ledge.
which is heavily imDregnated with lead
carDonates and galena, the indications
being of a most favorable nature.
Among the shippers in the market yes
terday were the Uncle Sam with five car
loads OF good ore, the Grand Central with
sixteen cars the South Swansea with four
cars and the Horn Silver with four cars,
besides which the Redwing of Bingham
had forty-five-tOn consignment of fine
ore on the market, and it is learned that
within Il week or ten days the company
will repor with another shipment of good
copper, as well as silver-lead ores.
During the call Of the new board yes
terday, complaint was made that a men,
Der of the old exchange was interfering
with the transactions on the floor and he
was called down in a manner which he
certainly will have cause to remember
Tor a long time. To the credit of the old
board be it said that but one or two of
its members have the lack of good man
nerS TO such a degree as to attempt to
do business in the pit of the new ex-
change.
The officials of the Valley View Mining
company. whose property is located near
Bellevue, Ida, received d letter yesterday
from Superintendent Dayton, in which
the statement was made that the mine is
looking SO well that he anticipates I'M
covering a fine body of ore almost any
day now, as the face of the workings in
the tunnel is full of stringerS of copper
and bromide silver ore, ASSAYS from
which. made from samples sent down by
Mr.. Dayton. show values of IS per cent
lead. l72 ounces silver and S2.25 in gold to
the ton.
The change of base at the Tesora mine.
in Tintic district, will greatly facilitate
operations in the future, the finding of
the dOuDle-conpartment shaft going down
from the eighty-foOt level in the old
workings of the property being in the
nature of a pleasant and profitable sur
prise. as the shaft. which is double COM
partment and nicely and substantially
timbered, will do away with the necessity
OF the sinking of the new shaft, the only
work now necessary TO utilize the new
discovery being the enlargement of the
shaft from the eighty-foot level to the
surface. and this will be done immedi-
ately. 1t is stated that there is a good
showing of good ore in the workings in
the bottom of the old shaft. and the COM
pany believes that it will be in condition
to begin regular shipments inside of nine
ty days.