OCR Text |
Show MINES AND MINING The Nevada Hills recently disposed It CO tons of oro for $125,000, and ns a result the stock of that company has advanced 45 cents per share. At tho Jenulo mine nt Goldsprlngs, tn Iron county, Utah, tho ledge hns been opened for a distance of 75 feet from the shaft and both drifts nro showing up One ore. Nino Utah mining companies paid dividends during tho month of Octo-bor. Octo-bor. The largest amount paid was distributed by tho United States company, com-pany, which paid $3G6,C30. Tho Walker Indian reservation in Nevada, recently thrown open for settlement, set-tlement, le being rapidly staked out by prospectors, a number of good finds having neon reported. Ground has been broken, side-tracks havo been put In, or aro going in, -and material Is now being delivered at Hazon, Nov., for this erection of a largo new oro sampling mill. The directors of the mint on tho 2nd purchased 100,000 ounces of silver for dellvory nt tho Denver mint, nt 71.25 per flno ounce, and 50,000 ounces for delivery nt the Philadelphia mint, at 71.20 per flno ounce. Tho high price for platinum can bo accounted for by tho-Intervention of tho Russo-Jnpaneso war, which prevented pre-vented actlvo mining In tho RusBlan mines which havo furnished about 90 per cent of tho world's supply. Tho Copper Glance company, operating operat-ing nt Bingham, Utah, will shortly bo reorganized. A deal Is now pending that will bring this about and nothing jtnnds In tho way, but tho straightening straighten-ing out of titles to some of the ground .nvolved. Fifty thousand dollars Is tho stated prlco paid for tho Powhattan group of claims In tho Roro Bud district, a now mining camp, twenty-five mllea west or Humboldt House. Nevada., by W. J. Itooklldge, a mining capitalist jr Salt Lake. Somo rich tellurium oro has Just been discovered In tho Stntellno dls: trlct, and there Is likely to bo something some-thing doing with tho property from which It came Just as soon ns tho parties par-ties havo had time to reach a conclu-ilon conclu-ilon ns to what they want to do with a proposition that has been put to them. According to Captain A. II. Mayno, mnnuger of tho llamsay-Comstock Mining Min-ing company, which Is operating upon tho Immense Clark dyko at Ramsay, Nevada, tho company has a bonanza. Tho vein In which tho big discovery was mado a few days ago has been cut from wall to wall and Us width la St toot. Tho Red Rock mlno at Cobalt, On-tarlo, On-tarlo, hns been purchnBed by tho Mc-Cornlcks, Mc-Cornlcks, of Salt Lako City, who havo planned tho Colonial Silver company us a holding agency. Dr. Robor't Ball, F. R. S., has given an opinion that tho cobalt deposits aro of deep origin. Flno oro 1b being found on tho 300-foot 300-foot level. Another big group of splendid mining min-ing claims In tho Yerlngton district hns been landed by a Snlt Laker. This tlmo tho lucky man to get In is K. D. Miller and tho property ho has acquired ac-quired Is tho Copper Deposit group of eight claims, two or threo of which adjoin ad-join Captain J. R. DcLamar's Bluo-stone Bluo-stone group. Word comes from Benvor county to the effect that tho group of claims ad-"jo'lnlng ad-"jo'lnlng tho Progressive Mining company's com-pany's ground, composed of tho Mobile, Mo-bile, Mario and Marblo claims, havo been purchased by prominent Snlt Lako mining men, nnd that tho first payment has been mndo closing this deal successfully. Don Mngulro, who has recently paid several visits to tho Napoleon & Mag-hern, Mag-hern, In Sierra Madro mountulns, north of Ogdcn nnd to tho Santa Marin In tho same locality but In nn adjoining canyon, reports that the development work on both properties Is going on with dispatch and with as heavy working work-ing forces ns can bo placed, Authentic reports havo boon ro-eclved ro-eclved In Goldflohl that very rich oro has been found on tho hanging wall In tho cross cut tunuol on tho Nevada Hills, at Falrvlow, Novada. Tho tun-nol tun-nol hns been closed and padlocked nnd no (ifllclnl Information Is given out. Twenty flvo years havo passed slnco tho copper Industry was as prosperous pros-perous asslt Is today. Tho record, high prices current In 1900 havo bqon . duo to tho 'ttxtrarirdliiary demand, which Indicates a consumption In excess ex-cess of tho production, both hero imd ubroad. - 1 Tho nov district nbout flvo mllos north of tho Novada Superior property prop-erty In Humboldt county, Nevada, (a displaying bannor proportions and at-tractions. at-tractions. Tho mnln strlko has been opened up for a tllstnnco of 400 feet, ind wonderfully rich gold-bearing rock is being uncovered. At a special meeting, called for tho purpose, tho capitalization of the llg Cottonwood Copper & Gold Mining company has been chonged from 300,-000 300,-000 shares of a par value of $1 each, to 750,000 non-iiHsessalili) shares, par $5, thus making a $3,750,000 corporation corpora-tion of this Utah property. |