Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-06-21
BILL TAFT COMPANY
10 INCORPORATE
East Tin.ic Development is sliipping-
Chief, Consolidated Cuts Station
At 4 500 Foot Level.
y (special TO the News

Eureka. June ai,,rhe latest shipper
from the district isAthe East 1lintie De-
SclopineIt company, which sent out
a carload OF ore the. early part Of l GIG
week, and ;,rlotller carload, possibly TWO
more Will be sent to market before the
Y close of the month. The shipment WIS
i taken from the % foot level u ne5 sail ma
is ut present down q depth of 30 teeL
md as soon as IA fs,lrnp and station can
be cut out at the lowest deptlia ,iritt
wiilsSbc started toward the east :or
the purpose or opening up the ore q
b sreaterl depth. a new strike OF ore #syi.t:
encountered IN the shaft lastweek. 'Itlal
ore was entirely different In chi isietc y
from that already being mined, and
1 the silver values in 1t arc about t.1s
same as coltalnGdsin tEe5 ore U Foll lug
Z go level
a The work Of cutting out the station
on the 1900 level in tine Chief Console
dated was completed the other da y, ittll
4 sinking in the shaft Is now going en-
again But 30 days We're required in
4 s,inking the slluft from the 1,4Ro to slie
I,5GD level aud cutting out the sta lion.
out here. i Is generally understood ", 'l
z that it, is the United States Nlii:int,
company that IS figuring upon taking
I over the Gemini, and Ridge & Valley
mines, and while there are several lei.
IL sons To believe that ther;.3is some truth
In this rln,or, the officlals of tl,e#U United
STATES ana GcmiIli companies care not
Ito give out any Information confirm
3 ing it, a special meeting Of the stock
holders of tho }RidgoEts Valley has been
directors WI mo doubt bosauthorizeu to
4 give an option on the company's prop
K INSPECT THE YUMA.
aIessrs Kratser he'll, McISinnie and
Moore. prominent residents of Idaho,
were iin3the district last week and in-3
Spected the Ilmt,,8 the property III
which they recently acquired a heavy
Interest. After inspecting the property
z they spent several days In listing,
The mines OF the district, and w6re high
81 y pleased with what they saw. w.
&c. Clark, formerly superintendent at
I the Eagle s. Blue Bell, is now Superiii-T
4 tending operations at the Yuma. The
shaft is NOW nearing the 200 level
The Bill Taft Mining company viii
soon be launched in this district. The
5incorpoIa tors and owners of the five
claims which the new company Will
take over are local people, and the
ground is III, north TintIc and about one
& and 3one-falf miles nortbeasterly9 from
Hornansville. The$company will incor-
porate for 100000 shares, reserytnE
big block of treasury stock for devel-&
6opment purposes.
John Enlund, manager of the Balti-S
more, has let a contract for 800 feet 4
4 or work In the tunnel being run upon
the property for the purpose Of drain
ing the shaft.
MARKET GOES MUCH SLOWER.
Iron Blossom Takes a Heavy Fall
All Stocks Arc Lower.
Conditions on the local mining ex-G
changes were ripe for another bear
tmnrket3thls morning and securities were
again backed down the board. For
some time there has been nothing Of
great importance happening among the
listed stocks and this has caused a lag
3gfng interest tn be taken. With am
other dividend payer3 jumping 70 the
front it is probable that Il reaction
would take place in short order.
Iron Blossom was again the victim
or the market this morning. and sew
5eral blocks OF the stock sold as low us
s1.35, which is the lowest point reached
since oreHwas encountered It. the prop
Bcrty \, uncie'' jesse knight this morr-
Ing declared TINT there Is considerable
demand for tic stock In Salt Lake City,
but that the only reason foryitis that
persons wish to get in While it is cheap.
III sympathy with Iron Blossom near.
SIy every stock on the hoard was on
The decline. Ohio Copper, with It's
bright prospects, was selling at $40
4 today The market appears to he
frightened because it Is Hcinze stock,
Colorado was also somewhat under the
weather today and sold as low as
s2.3g1s. This is also the lowest the
] stock has gone this year.
y one Of the probable reasons for tho
Knight securities being low is the re-
port that no deal was made by Mr..
Knight on his visit to New York. This
reached the market this morning and
caused somewhat of a, change
On the salt Luke exchange 40,Ss0
shares of stock changed hands at VS.
$40, while the sales on the Utah OK
change amounted to 1880 shares ut
& s3,Sta,50
There was but little doing this morn
ing on the curb market Uintah Treas
ure Hill was offered at 16 cents and
Eureka Swansea Extension Ito cents,
FORENOON QUOTATIONS.