Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-05-17
MINING, BUSINESS and STOCKS.
DECLARES NINE HAS
MUCH IN DIVIDENDS.
Sioux Consolidated Could Ship Four
teen Cars a Week for Two Years
Other Tintic News.
lspecial to the .News.,.l

Especial to the ',News..''l
Eureka. May 1ss.Thc Sioux consoli-
dated mine still continues to silip5about
IA carloads of orc each week, and ac-
cordlns % the superintendent the mine
has enough ore in sight Tor two years
dividends Aia1ile;: to the one Just post
cd No effort is being made 70 open
up She ore in inc Sioux either to the
north o. south. the work being done ut
present oriy opening up the sides OF
the big ore body. The astiilividcid VIII
bring the total5from the Sioux up TO 81
cents lnr sharc--thrca times what the
stock WAS selling for u year ago.
The Eureka Mining company has
commenced sinking q shaft on its
ground which Is in the southeastern
part Of the district near the Iron Fiat
and Gray Rock properties Supt. II. a,
Brown of the Centennial- Eureka mine
lis manager of this now company.
The May Day shaft has attained
depth of 1000 feet ana az soon as
station ana suinp can be completed on
this level drifting from this point viii
be commenced. The drift Will BIO run
for q distance or about $50 feet for the
purpose OF opening ZIP u body Of orc
MIMI II " 5C-NisSl iitti
the Godivn and May Day lines. II Is
stated by supt. G,'iggs OF the Uncle
Sam mine that things are showing up
splendidly in the mine and that within
the next few weeks, or as soon as Il
4smeltel contract can be entered into
the shipment Of ore will be resumed
z The Mckinley company will list its
stock upon the exchange. a survey
of the property was made last week.
Ey,i1 1ynr in
the shaft, which will be put down to
depth of roo feet without delay. Man
ager Match of the Mckinley states that
the showing in the south drift from the
800 level is most encouraging at this
time and that the indications arc very
good for the 4cncorntering of ore. This
drift Is In a distance of lis feet. and
another drift in an opposite direction
has been run 100 feet from the shaft
on the same level
WILL PIPE WATER.
At the Cray Rock Mining company
i a shaft is being put down. The shaft
has been sunk 90 feet, and work Will
not stop until a depth OF 200 feet has
been attained. A pipe line will be put
in to convey water from Dry Herd can
yon TO the property, and ASIDE from
furnishing water for the Gray Rock
the company will be able to realize
some money by supplying water to
5neighboring properties. Sufficient treas
ury stock of this Incorporation has been
sold to supply a fund for working eS-
pensese for some time TO come.
In the north drift OF the. Swanson
Extension, 200 feet below in the tun-
rel level the indications are now eN-
$ceptionally good for opening up body
of ore. lunches OF lead have been
coming In for a week past and the,
ground which is now being penetrated
by drift undoubtedly contains bodies
of good ore that Will be opened up on
the Siiver-Park- Four Aces. vein. The
swansea Extension edjoins the Swansea
upon the east.
There has been such a. demand fer
a wagon road into East Tintic OF late
that scveral8of the mining companies
operating in that section have taken
the matter up and as the result road
will be- built. Iii fact, work upon this
road has already commenced and am
ether month will see it completed. The
new road, which will take the most di-
rect route to that section from the
Summit cast Of Eureka. will cut off
about eight miles of unnecessary ira
vel. At present lumber. coal, and 9th
CT supplies for properties out east are
hauled from Iron Siding, on the Goshen
pletcd all this business will be handled
less expensively from Eureka, The
properties which will be directly bene-
fitted by the building OF the road are
| the Lilly Tintic Standard, Big ELL,
| Provo, Grutii and East Tintic Develop
ment besides several others.
CONNECT UP. POWER.
| Tho newe electric hoist for the Tintic
1
| nished by the Telluride company. Sink
| ing In the shaft has been resumed. The
shaft has been sunk $50 feet. and Dun
| can and Moore. who have contract fol-
| the work, state that operations will be
! crowded along as fast as possible with
two and perhaps three shifts.
The Tintic district Will have a gooc
| showing of the mineral exhibits at the
Alaska Yokon exposition to be held II
| Seattle this year. according to A. G.
Gutheil and Charles Reese, who were
| IN the district a few days last weel.
l III the interest of the exhibit. This
men visited all of the working mines OF
i the district. and many of the prospects
and they met with q great deal O
success and encoura cement from tn.
/ superintendents and managers OF tho
/ different properties. Nearly all of the
mines promised 10 have an exhibit Of
i ore representative VI tiielia piuuuStlNe
i ness, together With a brief history ol
the property. delivered at the head
quarters of the committee in Salt 1.akt
some time this week, and il things ma
terialize as they should. Tintic will have
one of the best exhibits of mineral q
the exposition of any camp in the west
Operations are progressing satisfacr
torly at the Murray Hill property
which is after the northern extension
of the Colorado Vein he arm
strong hoist Is stil in use. but Col
Murray, who was in Eureka the other
day, says that lumber has been pur-
chased for a shaft house and that SONS
kind of a hosting plant will be in
stalled in the near future. The SHAFT
on the property has been sunk to 4
depth of 70 feet.
- -
Crown Point, 800 at is