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Show Ng Miners? and Mining. n The South Quincy Mining company which is incorporated with a capitalization o $300,000 at 1 per share, consists of twenty-six claims adjoining ad-joining the Bonanza Consolidated on the southeast. south-east. It is proposed to tap the district lying south of tho Daly West and Daly Judge at a depth of about 2000 feet. The tunnel has been run 400 feet and a contract has been let on which I men are now working for increasing this distance by 200 feet which it is believed will tap the first contact. Ernest Bamberger left this week for Park City where he will look over the Keystone situation before returning to this city. The Dana Gold Mining and Milling company of which Joseph Dederich is president, has let a contract con-tract for 200 feet on work in its tunnel, operations opera-tions on which have already been commenced. The company's properties are located on the middle mid-dle fork of Johnson creek which will supply all the water power required to run a good sized mill. The Lone Pine mine on Snake creek is a sure winner according to the latest reports, the tunnel having been run a distance of 120 feet where the ledge was struck. The foot wall of the ledge was encountered and crosscutting has progressed fifteen fif-teen feet without striking the hanging wall. Assays As-says from this ledge show values of 32.5 in lead and about SO ounces in silver. As soon as the crosscut is completed a drift will be started on it and shaft work commenced. The ledge has a I pitch of sixty degrees and is well mineralized throughout, having every evidence of increasing in values, with increased depth. N. A. Page, who has just returned from the property, is well satis-fled satis-fled with its appearance and says that it looks good enough to him. The shareholders of the Silver King received $100,000 this week in dividends, and the Consolidated Consoli-dated Mercur $30,000. A distribution of $108,000 was made by the Daly West today. The Calumet and Hecla posted another dividend divi-dend of $5 this week making total dividends for the year $20 per share aggregating $2,000,000. President Bamberger left for the De La Mar mines on Wednesday to inspect his fine properties. The officials of the Bingham Consolidated are visiting the Daly West of Park City this week: Frank B. Work, the recently appointed manager man-ager of the new Hannapah company's properties In Nevada, left this week for his company's properties. prop-erties. A. H. Mayne, president of the Minola Mining company at Park City reports work progressing steadily on his company's property and at a depth of 190 feet the character of the ground denotes a near approach to mineral which it is confidently expected will bo struck within a short time. Reports just received from Manila, P. I., confirm con-firm tho early reports of the existence of gold I and copper in paying quantities in northern Luzon, Lu-zon, a smelter plant having recently been installed in Ulocos Norte in the Cordillias range about 300 wiles northeast from Manila. Placer claims in central Luzon and the island of Minadora are being worked by ex-soldiers with excellent results. From the immense coal fields in eastern Luzon a grade of coal 7 per cent better than the Australian Product is being supplied to United States trans? Ports and war vessels. Willard F. Snyder, president of the Western Exploration company arrived in Salt Lake this week from the Bast. Articles of incorporation have been filed by the Majestic Copper Mining and Smelting company under the laws of Colorado. Articles of incorporation were filed this week ty the Erickson & Stromborg Mining company wnoSO principai place of business is- at, Grants-Vllle, Grants-Vllle, Utah. Capital stock $5000 divided into 500 shares valued at $10 per share. The officers are Swon Erickson, president; C. J. Stromberg, vice-president; vice-president; J. A. Erickson, secretary and treasurer; who with Hilda Erickson are directors. |