The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-11-10
KNIGHT ACQUIRES
STEELE PROPERTY
Cash Consideration for Property
in Robinson Mining Dis
trict.
PURCHASE FOLLOWS
RIGID EXAMINATION
Ely Interests Look for Addition
of Lead Furnace to Smelt-
inc Plant.


feet that "Uucle jesse knight, tho
wcll-known Utah mining operator, has
secured additional holdings in that dis
trict by the purchase outright of the
Steele claims, adjoining the Gold Stand
ard group, near Lane City. The .pur-
chase price, 1t is said. was $4,000, the
property being bought from j. A.
Steele OF Lane City and Il. a. Riepe of
Ely, Examination of the property was
made some time ago by the Knight in
tcTostS, and during Mr., Knight s ro.
cent visit in Nevada, during which be
also took over the control of the Ely
Carbonate property, negotiations for the
Steele claim were rounded out, papers
were signed up, and the necessary pay
ments made
The Steele claim has been developed
TO considerable extent. and is lead
copper proposition. The ores en-
counteTcd are high in value. and reports
from Ely state that they exist IN no
small quantities. The property is de.
sirably located and is looked 10 ia. re.
sDond in good shape 20 The develop
ment which it viii be given under Mr..
knight management
Commenting on the entrance OF
Knight and associates into the mining
Edllt III -NtN Jisi, llif I'OslI'A StssiNS
that the attention 10 the lead pro.
ducing properties of the section that is
being paid by outside investors and
operators rcyivos the speculation "a TO
.hc possible date for the installation of
q lead stack in that district. The
activity of Mr.. knight and other big
operators in seizing upon desirable
properties, the prices OF which have
been held within reason. leads 10 the
conclusion that definite steps arc under
way for the placing of 4 lead stack IN
the district al date not very distant.
There is considerable gossip floating
about in the columns of the press,
not only Of this state. but of the entire
mining press of the country. TO the
fleet that the GirouX smelling plant,
constructed some years ago with a ca
pscitv of $50 tons daily, is 10 DO en-
largcd At once by the Cole. Ryan com
hination, the new owners, and that IL
will be made 10 accommodate a ton
mage of more than 1000 a day.
The GirouX offices at Ely have not
received Information TO this effect at
This time. but there Is a general air of
expectancy apparent at these Offices.
The increase In the capacity Of the
smetcr at the Giroux will be accom-
panied. according Ia some reports, by
the construction Of the long hoped for
lead stack. AS TO this feature. the
local Offices of the Giroux are likewise
an the dark.
Announcement was unO6hclaliy made
nearly three years ago that when
sufficient volume of water is developed
IN the Alpha shaft Of the GlrouX. the
mill aud smclter would be put into full
commission and would be run at capa-
city permanently. The cave-in at the
Alpha shortly after that time naturally
stopped the talk of the immediate op.
,,..,, : h.. ,,l IL Il
vcloDcd there. but as quickly as opera
lions were resumed in that shaft. after
a. had bccu rcUpcncd and repaired
the rumors of tue company plans
again began 10 float through the press.
The building of a lead stack in the
district is considered as an almost fore
gone conclusion, now that such large
cad operators as 'Uncle' Jessy
Knight arc beginning TO again take an
active financial interest in the district.
The requirement by men of this class
Of the most promising lead proper
ties 10 the section is takcn as a con
elusive and convincing hint that lead
properties are due To boom, which
Will be sustained by the construction of
J lead stack.
IT is known that the United States
Smelter company, with headquarters in
Salt Lake City. spent considerable time
IN the Ely district looking at many lead
properties Immediately prior to the
panic and IL was then understood that
a favorable conclusion had been reached
hy them, and that they planned TO
enter the district on a large scale. The
panic. however. checked tho extension
IF their activities into that field, for
inc time.
1t is understood. however, that this
corporation is again casting about for
suitable location in this valley for
he construction of lead stack, and
II is said that representatives of that
company have spent more or less time
IN Ely during tho last few weeks, quiet
lv looking over the field and sizing
things up.