The Lehi banner. [volume] (Lehi, Utah) 1891-1917, 1906-11-08
MINES AND MINING

81 so tons OF ore for Si25,OOO, and as 6
result the stock OF that company has
advanced as cents per share.
At the Jennie mine at Goldsprings
n Iron county. Utah, the ledge has
been opened for distance OF rs feet
from the shaft and both drifts are
showing up hne ore.
Nine Utah mining companies paid
dividends during the month Of octo
her. The largest amount paid was
distributed by the United states com
pany. which paid s36e.s9O
The Walker Indian reservation in
Nevads, recently thrown open for set
Element, Is being rapidly staked out
by prospeetors. a number OF gooc
finds having been reported
Ground hes been broken. side-tracks
have been put in, or are going in, and
material IL now being delivered al
Hasen. New, for the erection Of 8
large new ore sampling mill.
The directors Of the mint on the 2nd
purchased 100000 ounces Of silver for
delivery at the Denver mint, at 71.st
per Ans ounce, and 10000 ounces for
delivery At the Philadelphia mint, al
Il.2O per enc ounce.
The high price for platinum can be
accounted for by the intervention Of
the Russc-Japanese war. which pre-
vented active mining in the Russian
mines which have furnished about &C
Der cent o. the worlds supply.
The Copper Glance company operat
ing At Bingham, Utah. VIII shortly be
reoraanised. A deal lie now pending
that will bring this about and nothing
stands in the way. but the straighten'
ing out Of titles to some Of the ground
involved
Fifty thousand dollars Is the stated
price psid for the Powhattan group
If claims in the Rose Bud district, a
aew mining camp. twenty-five miles
west Of Humboldt House. Nevada, by
W. J. Rooklidge. a mining capitalist
ST salt Lake.
Some rich tellurium ore has Just
been discovered in the stateline dis
triet. and there is likely TO be some
thing doing With the property from
which 1t came Just as soon as the par
ties have hsd time to reach oonelu
sion as 10 what they want to do with
proposition that has been put to
them.
According to Captain A. H. Mayne
manager OF the Ramsay-Comstock Min
ing company. which is operating upcr
the immense Clark dyke at Ramsay
Nevada, the company has a bonanza
Qhs vein IN which the big discovery
vas made a few days ago has beer
sut from wall to wall and its width Il
81 feet.
The Red Rock mine at Cobalt, On
tario. has been purchased by the Nc
sornicks, Of Salt Lake City, who have
planned the Colonial Silver company
as A holding agency. DR.. Robert Ball
z. Il. s., has given an opinion that th'
cobalt deposits are Of deep origin
Fine ore is being found on the 300
foot level.
Another big group OF splendid min
ing claims in the Yerington distric
has been landed by a Salt Lsker. Thii
time the lucky man TO get In Is Z. ID
Miller and the property he has &C
uuired is the Copper Deposit group o
sight claims, two or three Of which ad
Ioin Captain ]. R, DeLamar's Blue
stone group.
Word comes from Beaver county u
the enect that the group OF claims ad
Joining the Progressive Mining com
pany's ground. composed of the Mo
bile, Marie and Marble claims, have
been purchased by prominent Sal
Lake mining men. and that the mrs
payment has been made closing thi
deal successfully,
Don Mcguire. who has recentiy pait
several visits to the Napoleon A Mag
hera. in Sierra MAdre mountains. nortl
Of Ogden and 20 the Santa Maria II
the same locality but in an adjoining
canyon. reports that the development
work on both properties is going OF
With dispatch and with as heavy work
ing forces as can be placed.
Authentic reports have been re
csived in Goldheld that very rich orr
has been found on the hanging wal
In the cross-cut tunnel on the Nsvadr
Kills. at Fairview. Nevada The tun
mel has been closed and padlocked and
20 ofieial information Is given out.
Twenty-Five years have passed
,inee the copper industry was as pros
perous az Il is today The reeort
aigh prices current IN 1905 have beer
Tue 10 the extraordinary demand
ghfrh tVt4irafea a rofaiir1n fion IN az