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Show I i WESTERN MINING GAZETTEER. azcttm', piirins l'UHLISllEli WEEKLY. tsUxn DEVOTED TO GOLD A I i v is It MIXING. O I-- AUTHORIZED AGENTS: ATaj. John Danilkos, Rlackfuot, Iilnlio. AlcG. Park Pow, New York. Clawson, Uonanza City, Idaho. J. II. Hates. Cal. C. Nevada. Scott, Eureka, 41 Co., 37 Park How. New York. T. 13. Clohecy, Gnlcim, Wood Elver District, Idaho. Geo. 1. Kowell & Co., 10 Spruce Street, New York. S M. Pkitenuill & Co., No. 10 State Street, Iioston. Tribune building, Chicago. Co., Room Ciiaui.es K. Miller Chahles W. Chase, Eoom 30, Safe Deposit building, San Francisco. S M. N. Peitexoill & W. Ay eu & Son, Times Uuilding, cor Chestnut and Eighth Sts., PhiPa. TIIE PERCENTAGE IN FAVOR OP MINING. We should judge from the statements published daily of the bullion received in New York, that at the present time there is much more money coming from the mines than going to them from the East. Of course it is impossible to measure exactly the amount of the westward current of money, says the Mi ning Xeics, but we do not think it approaches in magnitude the return current from the bullion producing sections. The miniiurn interest is solid to the extent warranted by the solid basis of bullion product. The great advance in railway securities during the past two years is based upon the increased earnings of the roads. Whenever railroad stock shows an the friends of the stock are careful to show that the net earnings have been increased either bv reduction of or enlargement of business, or both. So with mining. There can be no decided improvement in the values oil the inmining stock exchange unless there is this solid basis of an creased bullion product. The attention of mine managers is now happily withdrawn from the manipulation of stocks, because stocks can no longer be manipulated, there being no buyers; and their attention lias consequently become centered upon operations in the West. In other words, it is well understood that the only way to make a market for stocks is to find ore and bullion here. We believe that the well directed ellbrts now being made with vigor in all the mining camps of the West will soon be productive of the practical result desired. Bullion is coming along all the time. What we want is more of it. If the miners of the country know anything about mining we will surely have this increase, for never before in the history of the country has there been so general a search, so vigorous a down reachingo for the treasures that lay hidden in the earth. ad-van- Ai vEUTisEBs will please remember that four issues are one month. SirnscniiTiov, postage jiaidi United States and Canada, j.5 per annum , all other countries 1. Payable in advance. Order, Dank Draft or Registered Remittances should be made by AIcsukovk. Letter, payable to Makic. Dein Communications regard to lie? Alining or Alilling oi Ores solicited. scriptions of new camps specially desired. Iost-Ottic- e 1 The Jordan mine, Brigham, U lull, will soon commence ship- ping ore. Fou the week ending September 22, the Ilecla, Montana, smelters shipped pounds of bullion. Col. R. II. Rogers, an expert of acknowledged ability, says that Utah is the best field for mining on the Coast. The Alice mine stock will be regularly listed on the New York stock board as soon as the new mill is completed. T. K. Cloiiecy, of Wood River, Idaho, tells of 1000 ounce ore being found in the Smoky Range, 20 miles from Ketehum. The new smelter in Bay Horse district, Idaho, reduces hours. tons of ore every twenty-fou- r bullion was turned out the first ten days. five thirty-- is looking up. nel on the Bullion mine shows a h will go 0,000 ounces of silver per ton. good ore on the dump. 10-inc- s, About $50,000 in NEW YOKIC LEAD MARKET. The outlook for Cliorrv Creek District was never better than at present, and within a year it will prove to lie one of the best, if not the best, mining districts in Eastern Nevada. The Wood River, Idaho country ex-ponse- ce The tun- vein in the breast that There is 300 tons of It is reported that the great suit between M. Shauglmessv and R. C. Chambers is settled, by the former receiving $100,-00- 0 cash and 10,000 shares of stock in the Henrietta Company. The property thus secured by R. C. Chambers and others, is one of the best at Park City. We are indebted to Grand Secretary Chris. Diehl for a catalogue of the Masonic Library. It is neatly printed and gotten up in very convenient shape, in fact, just such a work as would be expected of Mr. Diehl. Those in the habit of visit- ing the library will fmd it a great addition. II. C. Colvin and James Viar, owners of the Summit mine, Yankee Fork district, Idaho, have arrived in Salt Lake with three bars of bullion, the product of 20 tons of ore. Total assay value of the bars being $3,TS2.00. This was worked by arastra process, and we have little doubt the returns were nearer 50 per cent, than 05 the latter being claimed by the mill man. The Summit is one of the best defined veins, as well as the richest in that section. We hear of sales carlv in the week of 300 to 400 tons at With the object of 80c., the market closing firm at 4J5c. breaking the New York market, a few cars of soft Missouri Lead were sold in St. Louis as low as 44c. there; fully J per cent per pound below the actual market price in St. Louis. But New York holders have not allowed themselves to bo influenced by the fact. The market has remained strong at with a good, legitimate demand for consumption at these figures. Prices may not go much higher, if any, but certainly cannot decline, in view of the enormous business do- ing in all branches of the Lead trade. In St. Louis the mar-ke- t is strong at 44c. IS th. Engineering and Mining Journal Sept. THE NORWAY COMPANY. Work under the contract let by the above named company, in the last part of August, was commenced on tins 1st insl. The Superintendent of the company reports that the General Grant tunnel, which is run to cut the iron vein in the Norway lode, has now attained eighty-seve- n feet in length with good indications of striking the vein at a distance of sixty-thre- e feet additional. The Norway prospect tunnel has been eleven feet since the last report and is in what is called iron gravel. The work oi straightening the old Royal King shaft is being prosecuted to completion and when finished the sinking of the additional 100 feet therein will be commenced, for the purpose of developing the gold vein that underlies the iron. At present the vein matter in this shaft carries from $10 to $15 in gold to the ton and when the 1 00 feet are completed as per contract, work will bo started in the ox-toml.e- Queen Christine mine. Salt Lake Tribune . d. |