Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-11-27
MINING NOTES.

The shaft ON the quincy property at
/ Park city Is down 400 feet
Mining engineers are said 10 be con-
] sidering the matter Of organizing
among themselves.
Assistant Manager George II. Dern
/ Of the Consolidated Mercur mines went
out to the property today
Butte will receive $1,000 900 from the
| dividend recently declared by the Butte
/ q Boston Mining company
Denver newspapers are telling Of a
big business block which MIR. Samuel
| Newhouse Is about 10 erect In New
| York.
Difficulty In getting structural steel
Is delaying the construction Of the
| Bingham Copper and Gold company s
| smelter.
Dr. p. A. u. Franklin and NJ. =.
| Gilbert today went up TO Idaho, where
| they will examine the Blackbird ana
Redbird properties.
Secretary j W Langley OF the Sill
yer Shield promises that the directors
viii soon order a dividend of half a cent
a share, amounting in all TO $500.
An uncompllmentary remark from
Mn Hudson to Mr. f.. G.. Woolley on the
| exchange this morning. resulted in Mr.,
Hudson being fined 81 and apologlzing,
Miners and prospectors Of De Lamar,
Ney, are anXiOusly awaiting the com
ing Of the Salt Lake-Los Angeles rail-
road The line will prove OF incalcula1
bic benefit 10 many OF the mines west
and southwest Of salt Lake City.
Mammoth Record: About seventy
men are now working In the Grand
Central. and the force Is being gradual-
ly Increased IL Is to be hoped that
within a very short time the usual num-
Der OF men viii again be at work In the
mine.
Dr. Franklin Of the Yankee Consol-
dated promises some interesting de-
velopments from an intended investi-
cation OF that property and It's affairs,
II Is presumed that a special meeting
Of the stockholders may soon be
called.
Piute Pioneer. Peter Kimberley last
week purchased 100000 shares OF Golden
Star stock The Golden Star Is a
Gold Mountain proposition The Dali
ton Mining company Will put In a
steam hoist at the mine just as soon
as the road between the mill and mine
Is completed.
A Christmas gift is promised the
stockholders of the old Mercur COM
pany in the distribution 20 them Of the
proceeds OF the winding up OF the com
panys affairs Considerable time has
been required 70 balance up the books
but that work Is now almost done and
then VIII come the distribution.
A car OF good looking ore came IN
yesterday from the Louisa 5. mine at
Bingham. This property Is little known
but the pros poets Of some day making
OF It a good paying mine seem 10 be
encouraging A small force Is always
continuously kept on development
work. and the ore produced Is the re-
suit OF this development
A strike Of 30 per cent lead and 60
ounces OF silver Is reported In the Lost
Horse group, Idaho, by Morris Bam
berger, who is interested in the proper
~ as wen as being in charge OF the
cyanide mill plant az the Lucky
Boy mine at Custer. He says
that the extent OF the vein will be
developed as soon as possible.
Superintendent Raddatz OF the Hon
orine mine reports the new pump 10 be
bringing up coo gallons Of water per
minute. but Notwithstanding this good
showing, Mr. Ruddatz calculates thet
a week VIII be required TO drain the
mine sufficiently TO enable the men
10 work on sinking operations. The
water has been accommodating for two
months.
Mining and Scientific Press Joseph
Lesher Victor Colorado. silver
mine owner. has procured die, laid
I'm a supply Of silver bullion and has
manufactured several silver coins each
containing one ounce OF pure silver
He calls his coins referendum dol
lars" because they are referred to
the people for acceptance or rejection
His silver at the present quotation
costs him O. cents an ounce. and the
expense OF coming Is 10 cents-S0 cents
In all lie values his dollars az SIPS
and expects 20 Issue them as such and
keep them at par He promises 10 pay
Sl25 IN United states money on de-
mand for each referendum dollar. To
avoid interference by the federal au-
thorties for initiating the lawful mon
ey Of the United states, Mr. Leshcr
makes his dollars slx-sided.
Boston New Bureau: An official Of
the American Smelling & Refining COM
pany authorizes the following state
ment: There have been some negotia-
tions In regard To purchasing the Gug-
genheim property, but there has never
been any price agreed upon and there
has been no price talked OF since last
April. The directors VIII hold the next
meeting in December, and the matter
may come up for consideration az that
time. In regard TO considering divi-
dends on the common stock, there IL no
probability OF the question being dis
GUESSED at the next meeting Of the
board. and II Is safe TO say that this
matter will not be considered under
any circumstances until after the close
Of the fiscal year, next May. Our
company uses a great deal OF money In
It's business. and until we are entirely
free from debt, and have an ample
amount for working capital dividends
will not be commenced on the common
stock. In order 90 take the best ad.
vantage Of the markets and 10 conduct
the business without borrowing money
Il requires a large working capital our
business Is showing satisfactory profits
and earnings are fully up TO expecta-
lions.