The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-12-29

that time with a force employed that
has been gradually increased until it
now numbers ninety men, and ore is
exposed in shipping quantities at sew
en- different points on the vein. Prac-
| ucally. with all the ore that has been
shipped, aversgingFfulIy ton per day
for the past six months, there has
Deen little Stopping done. There are two
levels operated. one at sixty-eight. the
other ninety-siX feet above the tunnel
level, and nowhere has it reached more
than twenty feet above the level of the
I drifts. The ore bodies now developed
are continuous for more than ], 100 feet,
with hundreds OBJECT of Stopping ground
above, and with every assurance that
the vein wiz be productive TO indefinite
depths below.
During the present month of Deem
Der more than fifty ears of ore will be
shipped. and With the possibility that
the number viii be nearer sixty than
fifty. DR.. Franklin states however
that shipments viii cease on the 1st
OF January; that active development
Will continue with a view TO determin-
ing the extent of available ores and
with the idea of ultimately doing their
own smelling. The low price of both
silver and lead is a potent factor in
bringing about the change of policy
He believes that such development of
itself will soon make the stock worth
$40 per share from the ore in sight -
The stock of the company, which
began the year at u cents a share,
afterWard advancing to above 81 for q
short time has maintained its position
| at from $3.25 to $3.50 with surprising
steadiness.
The company has also purchased the
Mountain View, adjoining the Yankee,
and also the South GOdiva. which ad-
joins It on the north and east, the lat
ter being bought as an easement It
will create no surprise to hear of fur
Their engagements of Yankee territory.
The Old Colony Group.
The same syndicate also owns this
group OF four claims. adjoining the
Lower Mammoth. in another part Of
the district. 1t is equipped with
good hoist for rapid development,
which is being prosecuted with a work
ing force of seventeen men.
Near MarysvilIe, Piute County.
This syndicate has also acquired a
half interest in several claims in the
Marysvilie district which are at pres
commenced developing there with a
small force of only five or six men.
They are also obtaining a foothOld in
Park Valley in the northwestern part
of the state, the gold camp which has
been attracting SO much attention dur
ing the past year.
In Beaver County, Too.
A group of 1913 claims in Copper Gulch
h1 L
already employed there on development
work They are sinking two shafts on
the property. and one is already down
800 feet The new one is three-cOm-
partment shaft. two of the compart-
ments 10 be equipped with dOuble-deck
cages and the third one large enough
to lower animals through. These are
within the copper zone which has been
attracting the attention Of big opera
tors during the past year.
DR.. Franklin was one of the first TO
be impressed with the possibilities
which Mr. A 3. Lewis operations in
Beaver county had shown to exist He
was quick 70 act, and with character
4stic energy he has secured this great
group of claims, which completely sur
rounds the Cactus group, which has
been under development for the past
year with astonishing results, and
which has now been purchased by
Samuel Newhouse. The latter il con-
templating the erection of a big smelt-
ing plant, and there are limitations
that the Franklin syndicate will moi
be far behind in the same direction If
the work they are so vigorously prose-
cutting shall turn out as they anticf-
pate. This group of claims is locally
known IS the Rlackhtrd group. al