OCR Text |
Show THE CONCENTRATES. The Spokane Mining Stock Exchange opened for business last week. The average exchange price of lead in New York for the year 1896, was $2.98 per ewt. A movement has been started to establish a smelting plant at Grant’s Pass, Oregon. During the week ending January 23rd, Ontario shares sold in New York at $10.25@$10.50. There are fifteen mines in the Slocan country, B. C., that produce 4000 tons of ore per month. A fifty-ton cyanide mill is to be erected at Arequa, in the Cripple Creek district, by R. B. Turner. | A duty of 10 cents per pound on nickel has been advocated before the House Committee on ways and means. Francis H. Appleton, representing a Boston syndicate, is in Cripple Creek looking up investments for his clients. The famous War Eagle mine -in British Columbia has been sold to the Gooderham syndicate, of Toronto, for $100,000. Berg Nordahl, of Summit, South Dakota, had both eyes blown out by a premature blast, at Sum Dum, Alaska, on January 3d. De Putron Gliddon of London is in Denver, and announces his mission to be an effort to float and list American mining stocks on the Paris market. Eastern capitalists have paid $30,000 for four farms on Kane Creek, near Gold Hill, Oregon, which have just been discovered to be rich im placer gold. | All the quicksilver produced in the United States in 1856 came from California mines, the production being 33,012 flasks, weighing 763 pounds each, and valued at $1,320,000. Silver averaged 67.06 cents during 1896, as against 65.28 for 1895 and 63 cents for 1894. The best month in 1896 was July, when the average price was 68.75, and the lowest month was November, with 64,98 as the price. The Lake Superior iron mines produced 9,934,446 tons of iron ore in 1890, a decrease of 494,591 under the production of 1895. The largest individual producer was the Oliver Iron Company, which extracted 808,291 tons. An Oregon paper. is authority for the statement that quartz has heen found near Grant’s Pass that assays 70 per cent gold and 20 per cent copper. The other 10 per cent should have been accounted for, just tomake it unanimous. Judge Owers of Leadville has been restrained by the Supreme Court of Colorado from trying the cases of the strikers who dre charged with the murder of Fireman Jerry O’ Keefe, on account-of a too evident: prejudice in favor of the defendants. A cyanide mill is to be erected at Telluride, Colorado, to work the tail- ings of the Tom Boy mill, which carry from $6 to $9 per ton in gold and silver. Experiments have shown that as high as 96 per cent. of the value can be recovered at a small cost. The Pueblo smelter shipped 500 tons of pig lead in bond to Liverpool last week. The lead was obtained from British Columbia ores, which are admitted free of duty if the bullion is exported. The smelters are allowed to retain 8 per cent. under these conditions. On the last day of 1896 the Woman’s International Mining and Investment Company was organized in Denver, to operate mines in Boulder County, A ARGUS. les few days age a two-foot vein of tel- | FINANCIAL. lurium ore was discovered in one of the company’s properties, samples from which were worth $30 per pound, or $60,000 per ton. Within the past year Juneau, Alaska, has grown from a straggliny village into a substantial business city. The mining boom now on is responsible for the transformation. Rumors are renewed to the effect that the Exploration Company is about to purchase the remainder of the Haggin-Daly interests in the Anaconda. Itis said that Haggin and Daly are both anxious to sel! that they may devote their attention to the Washoe Company, which they believe to be a second Anaconda. It is an open question with the officers of the Geological Survey ‘‘whether the amount of copper washed away in the water from the mines of Butte district is not equal in value to the total output of all the mines.of the district, if it could be saved.’’ This is the statement made by one who was D. H. PEERY, dr. + DEWITT B. LOWE STOCK BROKERS | engaged on the Butte survey. Butte Miner; The presence of 800 ‘delegates at the convention of the State of Kansas cannot be very encouraging to those who are praying for the death of the silver issue. The silver cause has not lost a voter as a result of the recent election, but it has gained thousands by the failure of the .goldites to convince the people that the Republican victory improved industrial and commercial conditions. A BONANZA FOR SALT LAKERS. |. A Promising Lemhi (Ida.) Property for Active Work. Preparing Salt Lake parties own a bonanza in Lembi county, according to the Gibbonsville Miner. The mines are located at the head of Pratt creek, on the summit of the Rocky Mountain range and about twenty miles from Salmon. The mines, it is claimed, are destined to become dividendpayers, cost the Salt Lakers $50,000, and it is estimated that there are 10,000 tons of good ore uncovered, and an analysis shows 84 per cent. silica (quartz), 4 per cent. iron, and less than half of 1 per cent. lead, practically a free-milling proposition. The improvements that have been project- ed and. are now nearing completion are a 20-stamp mill of 850-pound stamps, and everything, including a Hallidie cable bucket tram from mines to mill, which goes to make up a first-class reduction plant. All the machinery was furnished by Fraser & Chalmers of Chicago and is fully up to the standard in every particular. The Miner says to Mr. George Crismon, the president and general manager, much praise is due in pushing to completion so complete a plant in a short time, and it is expected that by April Ist the Gold Stone will become a dividend-paying property. 10 West Second Salt Lake ELLS, FA MISCELLANEOUS. South St., & ; . ene Civit ae ce . A AND Minine ENGINEER, U.S. Deputy ineral Surveyor. 125 and 115 Commercial Block, Salt Lake City. B. T.. LLOYD, Bank- ing Business. Stocks, Securities, Bonps AND J, Office, 206 McCornick Block, Room Capital Paid in, $300,000 Banking in all Its branches. Salt Lake City. JOHN MAHAN, Reat Estate, Loans anp Mines, Gommercial National Bank Bank MINEs. GOLD PROPERTIES A SPECIALTY. =. DOOLY CASHIER. Se 65 West Second South St., 31 O’Meara Block, Salt Lake | Salt Lake City ASSAYER, WALKER BROS ° | BANKERS. THE ESTABLISHED SUCCESSORS MINERS’ ASSAY OFFICKE, . TO Louis SECKELS, Manager. Assay for Gold and Silver 75¢. UNION NATIONAL BANK | 1863 Samples Corner Second South and Main Streets, Mines ana dtocks business transacted. ror Sale 329, Atlas Block Harris & Wilson No. South To Avoid bee cx Fine Insunayee | Central, and New York Underwrit- Temple St., SAuT . ENGINEER, aA ca \NSURE With INSURANCE AND INVESTMENT COMPANY. ASSAY FOR MVOT tice as oe a ot ERC ODI tS: Gold and Silver..............75 cents. Gold, Silver and Lead...... $1.00. 219 West ) MINING ers. ASSHYERS—J. H. Korty & 60., 217 and F.G.S.E., GEOLOGIST AND SLOAN Connecticut American St. P. O. BOX 1445. - Companies Represented Queen, 15 West Second BA ~ INVESTMENT CO, Salt Lake City 426, 427 and 428 Atlas Block SPECIALTY—Economic Geology and Mining of Coal. Careful Examinations and Reporte_o» gal qed t manas and Mines. Prospect ine and Devel thousands. Mine owner, place your mines here. MARIGER—— Room P. O. Box 1315. R. FORRESTER, Investments careful ies res mail will receive prompt CORRESPONDENCE SQLICITED. ly negotiated.. Will honestly suggest best place to invest your few Bp axe dollars or your sent by attention. 24 W. 2d So. St. (» ne A general banking é 159 Main St. Postoffice Box 565. Salt Lake City Laxkn Crry. Employers, Accident, Life, Fire HIS SIXTH TRE Mail Samples promptly attended to. 321 TO 325 ATLAS BLOCK. I am in Colorado for my sixth season, and have always made the trip to Denver over the Burlington, wrifes a correspond¢ 3? ent. Would he have done so if everything was not as it should be—if he could have made the trip more cheaply or more comfortably over any other line? ALL Points CHICAGO, LOUIS— East and South. Tickets and time-tables at all R. G. W. ticket offices. To Select from at St. Cit k. H. Orricer & Co., DENVER, OMAHA, KANSAS CITY, ST. WEBBER’S — AGAY: 2 1 DrrEcTORS—F. H. Auerbach, John J. Daly, O. J. Salisbury, Moylan C. Fox, Thomas Marshall, : 169 S. West Temple St., W.P. Noble, George M. Downey, John Donnellan, Newell Beeman. J. W. CURRIE, Goods State J.T. BRECKON Fransacts and = G 0 Big Stock of Second-Hand 207=2090-211 Civit ENGINEER, Irrigation, Construction, Railways, }.ining: U.S, Deputy Mineral Surveyor. d11 McCornick Building, Salt Lake City,Utah. City, \ Utah. N A H D N O DE Household ©. KR. YOUNG. W. F. McMILLAN, General Agent, 11 Walker Block, Salt Lake City. R. F. NESLEN, : Traveling Passenger and Freight. Agent. — |