The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-09-20
MINES And MINING STOCKS=FNANCAL AND COMMERCIAL /

general belief is that the ore chute is
an independent one. and can be relied
upon for a big tonnage OF clean ore. II
lles east OF the old channel. and further
Gown the hill. and unless IL proves 20 be
- branch Of the old channel should az
FORD a big area of backs" u IS quite
evident however that the official house
mold expects the ore to go down. and to
determine what the depths hold in store
Tot them the incline is being pushed
ahead without any effort to discover the
width or length Of the chimney which
certainly can be depended upon for values
above the average. as evidenced by the
controls on the car shipped. which was
sent out without sorting
Ihere are also rumOrs Of a rich gold
strike above the tunnel level. which may
prove interesting within the next few
Gays The Yankee is well equipped. and
mas a comfortable balance in the bank
and IL doesn't take an Over-sanguine mind
20 see DIVIDENDS IN the very near future
me IetrO shipped three more. cars this
week, and Is now engaged In loading two
more. which Will make q total of seven
cars since the ore was struck less than
three weeks ago. The two that are now
being loaded are as good as any which
have left the mine. Both foot and hang
ing walls have broken away. and the orc
b0dN Is consequently increasing in pro-
portions as work progresses. In the di-
TeCtiOn or the hanging wall the high per-
centagc of lead values seems TO give
away TO silver, some Of the rock running
very high in the white metal. and Bob
Brown Of the Centennial Eureka whose
services are retained by the company In
an advisory capacity. expresses the be-
net that the hanging wall when Il IS
round VIII contain rich streak Of quartz
Of the Same character.
As the TetrO was practically out or debt
when this big chimney was opened. there
seems TO he good reasons for the belief
that Drofit-taking. in the way of divi-
bends. viii be iuauCurated I'm the near
luturc- The mine is already equipped
with an electric plant and q compressor
Or ample capacity for its needs for some
time to come. and there is nothing to be
done IN the way Of development work
excepting 10 stOpe the ore.
The Little Chief commenced loading a
car Of ore from the 500 level yesterday.
and the management OF the Snowflake.
- within its lines will have "a chance to
DO some business If il proposes to pro-
test against the Chiefs treasurer pulling
down the check Not much Credeuce is
given the claims Of the Snowflake here
bv people who should know where the ore
lies. United States Deputy Surveyor Vail
came out from Salt Lake and made a
survey Wednesday. and assured Superin-
tendent Hannifin that he was we'll within
MS lines. and as the fissure makes to the
east on its course nOrthward. the com
Danv is assured of possession Of SIS treas
IRE IN future operations I'm that part Of
the mine.
A night shift is to be put on at the
Gcmint tomorrow. and il looks as IL the
pig ore bodies in that bonanza are to he
attacked in earnest in the future Ad-
diuoual boilers have been ordered for
some time. and are expected to arrive
about the first Of the month AS soon as
they are installed the main shaft is to
be nut down from the 1900 level for a dis
lance OF 800 feet. Another $50, 900 dividend
is expected early in October. It is said
pay 100000 per month from its immense
ore reserves.