OCR Text |
Show 10 MINING REVIEW. INTER-MOUNTAI- N ORE AND BULLION. SALT LAKE NUGGETS. The week just ended has been a quiet one for the smelters, as the ore movement is seriously interrupted by the breaking up of the roads, and receipts were lighter than for any week since the first of the year. The product is being stored at the mines, however, and as soon as settled weather permits the movement of the accumulated output there will be an abundance on the market. At present the Pennsylvania is operating one stack of 100 tons daily capacity, the Hanauer two stacks of 100 tons capacity and the Germania two stacks. The ore receipts of the last week were of the value of $66,550, against $126,000 the previous week. The base bullion output of the smelters was $57,1SS; Ontario silver, $12,858; cyanides, $95S0; miscellaneous, $1600, making the total bullion output $81,226, against $120,543 the previous week. The base bullion output of the Salt Lake smelters was as follows: Pennsylvania, $16,038; Germania, $29,200; Hanauer, $11,950. Ore purchases were reported as follows: Germania, $28,308; McComick & & McMillan, Co., $30,450; Bamberger $7800. McComick & Co. handled cyanides, $9580; Walker Bros., Alice bullion, H. A. Cohen, general manager of the Golden Gate, is in New York. W. S. McComick and W. H. Thomas have gone to Angels Camp, Cal., on $15,616; lion, Commercial National bank, bul- $1600. SILVER. The market for silver showTs little animation. Eastern exchanges are declining, and prices showed a downward tendency. Following' were the fluctuations during the week: 68 68 68 Monday (holiday) Friday ....Tuesday 68 Wednesday Saturday Thursday 6S Record Prices. of ten Highest (covering a period 1890. years), $1.19, August 19, Lowest, 58 c, March 3rd and 5th, 1894. LEAD. Lead fell to $2.90 last Saturday, at which point it has since remained, and private advices indicate a very weak market. There is little inclination on the part of consumers to take much material, and a desire to sell on the part of Western producers is noticeable. Record Prices. Highest (covering a period of ten years), $5.25, in October and November, 1890. Lowest, $2.87, January 10, 1896. ' The main working shaft of the Dalton & Lark will be sunk 100 feet mining business. A. J. Heiss of this city has bonded the Oak Flat placer mine, at Grants Pass, Or., said to be very rich ground. Doc H. J. Faust has gone over Into the Deep Creek country to put things in shape for the coming of the locomotive. Charles Crane has turned his attention from politics to mining and has invested in promising claims in the Peep-ston- e district. He has also purchased some Idaho properties. President Donnellan of the Salt Lake Stock and Mining Exchange has compiled some useful and interesting data concerning Utahs producing mines, which will be published in pamphlet form for general distribution. Col. Isaac Trumbo, who has recently returned from California, reports thirty stamps dropping on the gold ore from the Gover mine, near Amado, a controlling interest in which he recently purchased. Forty more to are be added, and as the seconstamps d-class ore now being milled carries $10 and better, with large bodies of higher grade in the mine, a great fortune is in sight. A new pumping plant of enormous capacity has recently been provided, and the mine is now being worked down to the 1200, or lowest level. Salt Lake City has a mining operator who distributes from $500 to $1000 in charities every month, and he is looked upon as about the most penurious and closest-fiste- d man in the community. Few' of the beneficiaries of his donations ever learn the real source of the aid extended to them. This erratic philanthropist gruffly repels every direct appeal in charity's behalf, but imseeks indirect channels mediately to extend relief. He which through shuns notoriety as he would a pestilence, and while the general public believes he is miserly and selfish, his account with the Almighty shows a big credit balance A. N. Butts, wTho sold the Golden Gate mine to Capt. DeLamar, is in the city. Mr. Butts is now developing a fine quartz property at Angels camp, Calavaras county, Cal. It is on the Mother Lode and is near the famous Utica mine, that is operating 160 stamps and producing from a half a million to a million per month, and making no noise about it, either. California, Mr. Butts thinks, yet contains the greatest gold fields in the world. Hardly a commencement has been made upon the auriferous gravel beds, while the Mother Lode has not been free-milli- ng half developed. It is no poor mans country, however, as all the ground is patented and must be acquired by purchase. The annual meeting of the Peruvian Mining company will be held In this city on May 7th, wrhen a board of directors will be elected. An assessment will be levied of sufficient amount to develop and determine the value of the property, which is located in Little Cottonwood canyon. Two members of the Salt Lake bar are engaged as counsel on opposite sides of a case involving the title to a fine piece of property in the Newton district, Beaver county. Both chanced to visit the mine this week and the encounter that ensued was much more decisive and exhilarating than the dry and tedious procedure of the courts. When the smoke of battle had cleared away one lawyer found that he had been abruptly and violently removed from the premises. He immediately filed notice of intention to hurl opposing counsel down the side of the mountain and smash him into small bits, but subsequently took a continuance and returned to Salt Lake. If this highly satisfactory method of determining the rights of mining litigants comes into vogue, the size of the attorneys retainer will be governed by his strength of arm and hardness of fist. South Geyser Mining Company. On March 16th articles of incorporation of the South Geyser Mining company were filed in the office of the Secretary of State. The property of this company is one of the best known inside properties of Camp Floyd district. Part of the Mercur townsite is upon the east end of the South Geyser. have business and residence lots. They A fifteen-fovein of the same ore found in the Marion, Geyser and Mercur mines has been opened up on this property, and there is no doubt but that the great blanket veins of the camp underlie it. The Mercur mine lays upon the south side, the Golden Gate upon the east, the Marion and Geyser mines and mills upon the north. of the It has the great camp upon three sides of it. The capital stock is placed at the conservative figure of $250,000. No stock is for sale except a limited amount of treasury The total stock for development. amount of treasury stock is $50,000. For a short time this stock will be sold at 50 cents per share, par value $1. Address all communications to Howard Carpenter, secretary, 46 East Second South, Salt Lake City, Utah. MATTHEW T. GISBORN, President. GEORGE H. TRIBE, Treasurer. ot ore-produc- ers The Territory of Arizona seems to be upon the eve of a great mining boom. Incorporated under the Laws of Utah, 1896. CAMP FLOYD MINING DISTRICT, UTAH. 600,000 SHARES, $10 EACH. CAPITAL, $6,000,000 President, ARTHUR W, PEREGO. PAUL J. CARNEY. Vice-Preside- nt, Main Office: CARNEY, PEREGO & CO., Mercur, Utah. Chicago Office: CEO. A. WEBSTER, 44 Madison St. Treasurer, CHARLES M. McENTIRE. Secretary, HARRY FERGUSON. New York Office: CHAS. D. BURWELL, 55 Broadway. London Office: N. S. CAMBRILL, 6G Front St. This Company now owns a valnablo group of nine claims adjoining the Omaha in Mercnr ; also a group of five claims in Hot Springs Mining District, besides many bonds and leases on valuable Camp Floyd mining property. The Company will furnish reliable information to intending purchasers, particnlarily in relation to Mercur mines. A limited amount of Treasury Stock of this Company at 25c. a share, is being offered for sale. Application for same can be made to Breeze & Burris, 76 Commercial Block, Salt Lake City, and to Carney, Perego & Co., Mercnr. |