Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-02-01
CONCENTRATES.

Ernest r. Woollcy has gone to New
York on business. He expects to be
away about two weeks.
Floyd Hamilton and w w. Smith
of Mercur have started with a pack
outfit for the gold excitement at Jar
bridge. New.
A statlstician has figured that IS
syndicatcs practically control all the
mining properties dealt In on the New
York curb. These include the Lewis
ohns, Hayden, Stone & Co, the
Thompsons, the Guggenheims. the
Cole-Ry crowd, the Heinzes. James
Phillips and some smaller syndicates.
Six distinct veins have now been un-
covered on the property OF the West
Virginia Wyoming company at RAM
bier. Wyo. All show values in copper
of from ! to 4 per cent and carry gold
and silver values also. The shaft I'm
the main vein was sunk nearly 2S feet
last week. a record for the camp.
j. Park Claiming In a lecture de-
livered before the Finance Forum said
that tho public should not Invest in
mining prospects but should permit de-
Velopment companies to prove the
value OF the properties. as nine out of
every 10 prospects are failures.
Tho Butte G. Superior company has
started drifting toward the Col Sellers
shaft OF the Butte & New York COM
pany and will enter that shaft at the
1000 foot level. A V. Wolvin, prcsi-
dent of the Butte &c Superior company.
has been elected president of the Butte
& New York company. 1t is said that
the Butte &c Superior has acquired
control OF the North Butte Extension
Development company The report In
New York is that the Butte & Superior
people are acquiring these properties
for the Amalgamated.
c. S. Herzig, a mining engineer from
London, England, and consulting en-
gineer for the Ely Central property at
Ely left this morning for the cast. Mr..
Herzig has been a guest at the Wilson
hotel since his arrival from Ely.
According to a report from Stockton.
Dan Lynch has secured the teams
necessary to move his ore from the
Hidden Treasure property The ore Is
being hauled to the market Just as
fast as the weather will permit.
The annual meeting of the Giroux
Consolidated Mining company is being
hold today. Treasurer e. ]. Nancy
of the company in his report declares
the year ending Jan. 81, 1909. were
$l.079.S665S and the expenditures
amounted to s911. 1T. leaving a bal
ance on hand OF $167 .969.41
From the Alamo or Mountain King
group of claims at Lucky Boy, New,
which are owned principally by John
ME- Miller and J. H, Adams, the rich
est carload of ore ever sent out of
the district will be shipped within a
few days The car will average up
close to $3.50 a ton. The company pays
Its first dividend today of cents and
quarterly dividends are assured hero
after.
AT the annual meeting of the Tun-
mel OIL company at Vernal a new board
OF directors was elected. ], II. Reader.
Paul Roscberry. 1. S Phippeny. j. T.
Pope and James Richardson are on
the new board of directors ]. H.
Reader is president. ]. T. Pope vice
president. H. j. Erickson treasurer,
Peter Hanson secretary, and James
Richardson the general manager. Tho
company is selling little more of the
product all the time which is gradual
]. F. Brim. manager of the Ely
Amalgamatcd property at McGill Is at
present at Ely on business. Consider
able high grade lead ore is being ex-
tracted from the incline shaft recently
started on the property and IL the
weather permits a shipment will be
made to Salt Lake within the next
two weeks. The tunnel OH the Freder-
lex group owned by Jesse Knight has
now reached a distance OF $40 feet from
the portal. 1t is expected that within
the next 100 feot the ledge Will be cut.