Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
CONCENTRATES.

X. @. Nebeker has returned from a
business trip to Nevada.
c. W. Hartley has returned from a
trip To the oil fields of California. where
ne has acquired considerable Interests
George II. bern was yesterday elect
ed member OF the Salt Lake stock
ana Mining exchange, having pur-
chased the seat Of the late James l..
Hamilton.
The name of H. c. Hoffman has been
| taVorably passed upon by the member
ship committee Of the Salt Lake stock
and Mining exchange. Mr.. Hoffman
recently purchased the seat OF j. o.
| Carter.
| j. ii. Barnhart. representing the
| Peery interests OF Ogden. is in Salt
| Lake today strengthening out the af-
| falrs or the old Montgomery Mountain
| Mining company, which is now i'm the
| process OF reorganization.
The Newhouse tunnel at the Ely Cen
tennial property is now in a distance
| of l.lOO feet and splendid progress Is
being made. A new survey has shown
that the ore body should be reached at
distance Of 1880 TO 1900 feet from
the portal Of the tunnel.
The action OF Charlotte Cassidy
against the Silver King Coalition Mines
company has taken a new turn. The
damage suit I'm the United States court
was dismissed yesterday and Mrs. Cas-
sidy filed new action against the Sill
Yer King asking that title to the Cap
tain quartz lode mining claims be QUIT
ed as TO her interests.
At the annual meeting of the st
Mary Mining company the following Of
ficers and directors were elected: Pat
rick Ryan, Salt Lake. president II. r.
Smith Duluth, vice president; ]. J.
Kennedy, Salt Lake. secretary; c. NJ
Niunnarson. Duluth. assistant secre-
tary; ID. p. Rohfing and d. w Ryan,
Salt Lake directors. The property is
located In Beaver county and is well
equipped.
r.. c. Davis returned yesterday, after
spending several days in Tintic visit
ing the mines The Grand Central
property he declares to be in excellent
shape. on the 2.000-foot level is found
20 feet OF ore averaging SIS in gold.
on the 500 level Is four feet of horn sill
YER the extent of which has as yet
been determined. On the l,SOO level
drifting Is going on toward the east TO
tap the rich ore bodies encountered on
the 1000 level In many places IL Is
said the company is passing by 81 and
IS ore. leaving II as reserve. The
tonnage at the mine could easily be
doubled at any time.
The proposed merger Of the Rawhide
Coalition and the Rawhide Queen COM
panies has been favorably passed on
by r. w. King. owner OF the control
ling interest in the Queen. The stock
holders of the Coalition will ratify the
action at "a meeting to he held Aug. %,
at Reno. The Coalition company Is to
increase It's capitalization FROM 100000
to 5000 900 shares. There are now I'M
issued 100000 shares In the treasury of
the Coalition which Will make a reserve
OF 100000 shares to be disposed of In
part as follows: one million five hun
dred shares TO take over the outstand-
ing capitalization Of the Queen on
basis of two shares of Coalition for one
of Queen 100000 shares to be dis
posed of at not less than 10 cents, and
only as the money Is needed for mine
and mill purposes 10000 shares to be
used TO purchase adjoining properties
as opportunity affords. Il. w King,
president and general manager of both
companies, will doubtless hold the same
positions with the new company.
Work Is being pushed ahead with
energy at the silver Island
Coalition property at Silver Island. Tho
new tunnel Is now In close TO 100 feet
and two shifts a day are doing about
four feet a shift. The tunnel will short
~ be gaining foot for foot. Within the
next SO or 100 feet the first stringers
OF ore should be encountered which are
feeders to the large vein. The tunnel
wifi get depth OF 800 feet on the main
vein.
The Moscow Mining company IN
Beaver county has another carload of |
ore in the market today. Although the |
ore il not OF as high a grade as some |
that has been shipped IL is very salts
factory. The ore in the market today |
averages 20 per cent lead. 25.S ounces in |
silver, 1.6 per cent copper and per |
cent iron.