Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-05-06
MINING, BUSINESS AND STOCKS.
SPECIMEN ROCK on
MERCER PROPERTY.
Seven Troughs Merger Encounters COZ lle
Good Orc in South Drift--Nnw
Sucking for Shipping.

~ r Z i # lie ~ e
A telegram received at the Offices Of
CD. Ray. president of the seven
+ Tpughs Merger Mining company at
Seven Il roughs, this morning announces
{ that four inches OF specimen roah mas
Z been encountered in the south drift. on.
!. the5135 foot level Although there is no
I statement made as 10 values. II Is as
serted that the rock Will run rom W %
$40 a pound. The telegram also states
f that the 14-incll vein on which the dri t.
4 ing is, being done Is Widening out and
2 Improving with each round OF noie:'s
The drift has now reached q dlsta2ce
Z, of a little over 20 feet from the smart
In "a letter which was received about
the same time from w, \. Ray, lore
man at the property, IT is asserted ltislt
4 she men are now sacking ore from zltie
vein The letter declares that the Nela
S is bulged in with the prettlest quartz
that was ever seen. IT pans gold clear
across the face that averages So.
& Lumber has been ordered at Mamma
for the building Of bins to care for the
ore. This will arrive In Il few days
and work Will begin on this at once.
AT the time the letter was written
( WI. A. Ray says that the VEN was
opening up better as the drift adj
inches Of ore that went SIG to the ton
In gold. AS the work was pushed
ahead much better shoWings were be-
Z frlc made, and the lowest paintings We're
between SIS and $50.
AT present two shifts are being worK-
ed at the property.
According to Nj, Rays letter the vein
lis in blue tale and quartz similar to
that found in the Wilnuja property, tho
END line of which Is but so feet from
the place where the Merger Is now
working At tho time of writing, the
& quartz instead of being frozen TO tho
I wall was just freelng itself and tho
wall was smooth as glass, covered with
q coat of blue mud
81 ut is probable that sinking on the
shaft will begin right away and be
sent down another hundred feet and
drift sent ont to tap the vein.
N PRICES ARE SLIGHTLY LOWER.
the volume OF business transacted
4 blythe Salt Lake Mining a:id Stock
exchange this morning was above the
average, but prices showed somewhat
OF an inclination to move lower There
4 was q slight railing off IN most OF the
aTintic securities and the knight pro-
perties showed this most plainly II Iron
Blossom. ~ BIZ .s53s
Bullock hit new low record today
4 when 1t sold Tor 5h cents. Colorado
4 fairly held Its own, while Columbus
Consolidated was in about the same
position. Eagle and Blue Bell showed
some life and sold for 90 cents.
Iron Blossom dropped from s2.17ls to
s$210, which was probably due to p.oi1t
taking During the session 600 shares
entire stock of the company could be
disposed f$8in 60 days. A little figuring
$on the sales of iron Blossom would
show some startling things ingthe past
month and to what extent the market
4 has been manipulated
During the session 67,250 shares OF
stock changed hands and the price
paid was S64,160.50.
On the curb market Nqlldriyer was
sold for 1915 cents and was offered
at 10 cents. hid Of SLIGO wis made
for Mammoth. Thompson was offered
Fat 20 cents and Is cents was bid.
FORENOON 3SE.SSf ION. y