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Show INTER-MOUNTAI- NEWS A $5000 opera-hous- e CLEAN-U- MINING REVIEW. all this divided into the system of shares, as are now sold in the mining exchanges. P. is to be erected N The Butte and Boston company has at temporarily closed down the Silver Mammoth. fcol. .lack Haverly of minstrel fame has gone to mining. Work is to be resumed on the Deer Trail group pt mines at Marysvale. A cash offer of $200,000 for the Lincoln mine at Cripple Creek was refused. Some rich tin strikes have bfeen made by the Harney Peak company, in the Black Hills. miners were killed by an explosion in a colliery at Cardiff, Wales, on Fifty-fo- ur January 27th. The Leadville Mining Exchange is now in operation and 120,000 shares of stock tvere sold at tlie first session. A StHke of $100 offe is reported in the Morning Star mine at Silver City, Ida'. A mill is to be erected upon the prop- erty. The Kansas City Mining Stock Exchange has been resurrected, after a four years slumber, and Colorado stocks will be listed. The seventieth meeting of the American institute of Mining Engineers will be held at Pittsburg; beginning Tuesday evening, February iStii. Most of the machinery used in South Africa is of American manufacture, and all of the mine timbers are supplied by California and Oregon. The official investigation of the charges against John Hays Hammond and other Americans arrested in South Africa was Commenced yesterday. The Cxahiple set by the Dalton company in instructing the secretary to make transfers of Stock 'Without charge ought to be followed by other mining companies. The suit brought by F; W. Popejoy against W. S. Stratton for a half in- terest in the great Independence mine at Cripple Creek has been settled and dismissed. The body of Thomas Maxwell of Anaconda was found at the bottom of a shaft which he had been sinking. The shaft had caved in, burying him under six feet of dirt. When the transactions on the Colorado Mining Stock Exchange at Denver fall below a million shares a day the brokers complain. All the Colorado exchanges report a temporary slump. The new British dollar is said to be rapidly coming into circulation in the Orient, where it is replacing the Mexican dollar. Great Britain finds it convenient to buy with silver and sell for gold. Telluride, Colo., is excited over discoveries made on Summit Creek, eight miles distant. Some of the ore has run tvrenty-fiv- e ounces in gold, and it is found in little seams running through birdseye porphyry. Edward McFarlane, a Colorado mining engineer who has just returned from South America, proposes to organize an expedition for the Venezuelan gold fields, which he believes are the richest in the world. The Board of Trade and Consolidated exchanges at Colorado Springs have consolidated. The Coloradoans are beginning to experience the evil effects of an overproduction of exchanges, and several more consolidations will probably result. Between thirty and forty members of the American Institute of Mining Engineers are now professionally at work in the Transvaal, charged with the administration of vast property interests and the management of great mining and metallurgical operations. At first the Comstock mines were sold at so much a foot by the brokers. It was $t0, $5C0, $1000 and $C000 a foot, as the case might be. The "foot was divided later into inches, and then smaller, and and Gray Bock mines, and 300 Bow men are idle. Bumors are current to the effect that an enormous copper company from New Jersey, presumably of Jersey City, is making arrangements tot the erection of a large plant at East Helena, Mbht The story has it that already 200 acres of ground have been purchased near East Helena; and that a dicker is. now on for the addition 6f about seventy-fiv- e more acres to the plat. Much anxiety is felt by the friends of the American mining engineers iff South Africa concerning their safety. Robert Catlin, a friend of John Hays Hammond, has not been heard from since the Jameson incident. Among those who went to Africa. With Catlin are J. C. Clements, llarry Webb GArdner Williams and twenty others well known throughout the West. Considerable excitement has been created by the discovery of large bodies of e gold and silver ore in Spring and Eagle valleys, on the line between Utah and Nevada, southwest of Desert Springs, A district has been organized and A town laid out, part of which is in each StAtC. People are flocking in from every direction and the hills are covered with prospectors. According to the Caldwell Tribune E. H. Lewis, a Chicago capitalist, is about to launch a floating mining camp on the Snake river. The boat will carry an engine and boiler weighing 24,000 pounds, dredges, cranes and pumps of all deto acscriptions, and boarding-house- s commodate fifty men. This mechanical battery will move up and down the river, working the channel and banks for gold. The scheme has been tried on a small scale and proved successful. Mrs. H. D. Miller of Denver gains her living by dealing in mining shares. She is at Cripple Creek to examine properties for Chicago parties. Mrs. Miller has a seat on one of the Denver exchanges and transacts trades in true masculine fashion. She says: "I find g one of the most pleasant occupations I have ever had. I am in love with the business, and only hope I can keep at it until I am called above. The gentlemen are very kind to me, and do not exhibit the little outbursts of temper which they do when they deal with each other." According to reports from returned prospectors, published in the Alaska Mining Record, the Cooks Inlet section will be the scene of Alaskas next placer boom. The placers are claimed to have every promise of panning out as rich as those on Forty Mile, while the washing season is a month longer than on the Yukon. It has, however, the same myriads of gnats and mosquitos, and the yellow'-bellie- d flies wrhose thirst for blood reduces the avoirdupois of the fat and makes a porous plaster of the lean. There is plenty of game, the moose, bear, fowis and fish. Recent advices frm the Alaskan gold fields received at Juneau state that 8 scarcity of provisions is again threatened before the opening of spring. As the first supply that can be looked for would not arrive before June loth, and as no fresh supplies will be obtainable until about a month later, much suffering may result to the 1200 or 1500 men now wintering in the district. In case of accident happening to the ocean vessel bringing the supplies to St. Michaels, or to the river steamer taking them to the diggings, nothing short of actual starvation would stare all in the face. On September 15th all the stores were out of potatoes, and it was feared scurvy would harass many high-grad- stock-dealin- 7 in consequence. To ward off such danger one man, John McGregor, paid $100 for a sack of potatoes, and moose meat wasf selling at 50 cents per pound There is encouraging prospect that the natural gas fields near Brigham City will be prospected by an Indiana syndicate:-The discovery of a piece of float a&&y-- ' ing 940 ounces in gold has thrown Lamar Nev., into a state of excitement, but no one has yet found the ledge. An improved smelting furnace has been invented by Hermann Huber, Kansas City, Mo This improvement provides a charging device Comprising a hood with doors over the mouth of the stack, a track extending through the hood and over the charging floor the wheeled vehicles traveling on the track having sectional floors and trunnions being carried by each section, which may be opened when desired to discharge a load into the stack. The Improvement enables the operator to properly prepare the charge previous to its introduction Into the stack, and make an even and uniform! distribution of the charge in thd stack The latest project undertaken by CaptV De Lamars manager, Mr. G. H. Robin-so- n, is the construction of a pipe line from the old town of Camp Floyd, in Cedar valley, to the Golden Gate mine at Mercur, a distance of about fifteen miles. An independent water supply was considered indispensable to the n mill which is to be erected upon are Golden Gate property, and the pipe lin will probably be of sufficient capacity supply other mills, as well as the general public. Owing to disagreements between the Gold Belt Water company and the managements of the Geyser and Sacramento mills, the former has been indefinitely closed down and work on the latter suspended. Competition in water and lower rates will facilitate and stimulate development in the Camp Floyd district. Some misinformation seems to have gone abroad concerning an alleged advance in ore rates from Park City to Sait Lake by the Uqfon Pacific. It is true that an agreement has been entered into between the Union Pacific and the Utah Central under which the former road has turned the ore traffic over to the former, and that the Union Pacific has issued an order that all ores destined for Salt Lake shall be billed at $7 per ton, an advance of $5 over the former rate, but the same order that all ores treated by the Saltprovides Lake smelters or shipped East from Salt Lake over the Union Pacific shall be handled at the old rate of $2 per ton. The effect of the advance is to shut out competitors from what the Union Pacific now as local territory, and there is regards no increased expense to the ore producers. . self-closi- ng 500-to- - so-call- ed Liability of Stockholders. A bill of considerable interest to mining companies has been introduced in the Utah Legislature by Representa- tive Ferguson. It provides that any person who is the holder of capital stock actually and fully paid up of any corporation now or hereafter to be organized in the State of Utah shall not be liable for any assessments upon such capital stock, or for any indebtedness of the corporation beyond a forfeiture and sale of such stock, except for debts contracted for labor supplied or furnished to such corporation, for which claim every stockholder of any corporation shall be liable to an amount in addition to such fully paid up stock which he owns, as shown by the books of the corporation at the time said indebtedness became due, and stock of corporation shall be transferable only on the books of the corporation. A flercur Opportunity. Will exchange an interest in three promising claims, in good location, in the Camp Floyd district for development work. W. B. LaVlell, Walker House. |