Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-12-21

opened up. The GodiYa mine has been
productive OF some very rich silver
lead ore, and while II has never been
great shipper, II IL considered one OF
the best dividend paying propositions
N the district, and the ground has as
YET been but scratched.
UNCLE SAM AND HUMBUG,
This property has changed hands dur
Ing the present year and instead OF be-
ing owned by Uncle Jesse knight, is
now Incorporated the stock being held
principally by some OF the most success
ful mining men OF Utah, including sem
atOr Thomas Kearns, David Keith, pa
yid Evans, Clarence u, Allen (wlo Is
now IN the managers chair for the com.
pany), and q number Of others There
IL no doubt that the mine Ia in as
good condition now as at any time In
its history, but for some reason the
stock is still lowering around the 50
mark and at several times durlns the
last few weeks the stock has been h1nl-
mered down below 81. This depression
may be due In measure to the manner
In which the stock exchange Is opernt-
ed one thing, however, II certain and
that 10 that the mine never looked bct-
ter than II does at the present tme.
There ls ore In large quantities IN all
the old workings where Uncle Jesse
knight took out sufficient 70 make BIN
wealthy for life, and IN several IN
stances new ore chutes have been
opened. The Uncle Sam IL now being
worked under the supervision OF Mr.,
Hancock while work at that portion OF
the mine known as the Humbug is being
looked after by Jack" Allen, Mr.. Az
len occupied the same position When
the property was under the ownership
of MIR. Knight and Is thoroughly lami-
lar with that section OF the country ana
the position Of the ore, The shipments
from these two mines have been regular
throughout the entire yearand numerous
costly improvements have been put In
both under the old and new manage
ment. Both places are now working
their usual forces OF men and the COM
ing year should be prosperous one for
those people who are fortunate enough
to hold stock In the Uncle Sam Con.
MAY DAY MINE.
The May Day mine has virtually
changed from an uncertain prospect to
q paying mine within the past year, ond
from all reports the mine is one mass OF
ore. Something over a year ago me
MANAGEMENT sent one consigninens o.
ore TO the sampler which run away be-
low expectation and Is said 10 have cost
a few dollars a ton more TO sliip am
have II run through the smelter t1an
the ore brought, Whether this is tue
or not Il Is hard to conjecture, but any
way the stock slid down several notches
and many lost faith In the future N me
mine Others who believed that GodiVa
mountain was literally filled with ore
pinned their faith TO the mine and as
a result have been rewarded the stlk-
ing OF ore In May Day ground, by INC
Yankee people, did not have a very good
effect on either Of these stocks about q
year ago, but as soon as 1t was deter
mined that the ore was not con'lncc 20
the corner of ground under dispute the
stocks began to advance gradually ahu
when Yankee stock arose from a rev
cents to So per share II simply sent peo-
pie wild In Eureka, where almost ev-
erybody held a small block OF this &C.
curity, q great deal of money was made
out Of small investments and the only
trouble was that those holding the
stock let go too soon, A number OF very
important strikes have been recorded IN
the May Day mine during the year, and
with the new mill in operation 70 han
die the low grade product shareholders
should soon be able TO pull down q little
pocket money In the form Of dividends,
THE APEX.
In view Of the great amount OF work
which has been done on Godiya noun
tain and the extensiveness of the ore
bodies uncovered In the May Day, YAM
kee Uncle Sam and Humbug mines,
great deal Of attention has been given
the work Of the Apex Mining company.
This company has lease and bond up
on three very promising claims which
are situated on the Godiya mountain,
just above the Uncle Sam, and by
means of regular assessments has done
a great deal of systematic work Dur
ing the past year alone /, 400 feet OF
drifting has been done and during The
past three years 1900 feet of tunnelIng,
upraising, and drifting has been accom-
pllshed This stock has not been listed
on the exchange and there has neger
been any great amount of It for sale,
but during the past twelve months its
value has been greatly enhanced and It
Is doubtful IL any of the stockholders
would be willing to dispose OF their
holdings at less than IS or 40 cents per
share.
NORTH OF EUREKA
there has been considerable activity
during the past year A number Of SUBJ
stantial hosting plants are now scat
tered over the mountains TO the north
~ he %.
companies are engaged in sinking and
drifting In their efforts TO determine
whether or not the Bullion Beck aud
Geminl ore bodies extend to the north
ward There is almost every reason to
believe that the ore goes into this coun-
try and those mining men who are so
freely giving up their money for the
purpose of opening up the section will
in a very short time be rewarded for
their work. AT the
RIDGE AND VALLEY
which Is located north Of and adjoining
the Geminl mine, the main working
shaft has penetrated the earth just $50
feet, About two hundred and fifty feet
OF this sinking has been done during the
present year and In addition to this
dDOul OUu ltet VI uillUUBs III dll lUe
mine contains $50 feet of shaft and in
the neighborhood Of 1900 feet of drift
ing Supt Fields Is authority for the
statement that prospecting Is now be-
ing done on the GOO and 500 foot levels.
This work IL going on to the southwest
OF the main shaft and 1t Is the COM
pany's intention to intercept the ore
bodies which have been followed by the
Gemini people through the Ridge &
Valley side line, This ore is known TO
dip into the Ridge & Valley territory,
as this company has received pay for
ore extracted from their ground by the
Gemlni company, All that remains is
for the arrangements to drift, TO the
ore and then shipments should follow.
Further to the northward from the
Ridge & Valley is the
RAYMOND PROPERTY,
owned principally by j. c. Sullivan of
Eureka. This ground Is treyersed ly !
the north extension Of the Bullion Beck
ore zone and one of the claims embraced