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I FROM TEE MINES The Charles Dickens People Confident I OUTLOOK OF THE FLAGSTAFF Salt rabers Outbid New Emma Lead Bounding Upward Other Mining Notes The London Financial News of May 14th is at hand and among a budget of other mining notes contains the following > fol-lowing The following cablegram has been received re-ceived followini e mine manager of the Charles Dickens Mining Company Ore body main shaft maintains uniform richness Cannot sink much deeper until machinery erected Now arranging for hoisting engine pump ppes and boiler Snow going fast Shall coon make a crushing crush-ing of ore Copy of cable sent to Mr Treweek May 12th Order machinery as requested in report re-port Mr Treweek manager of the Charles Dickens was seen at his office in Mc Cornick < e Cos bank yesterday As soon as he had received the authority mentioned above he said he had made purchases of hoisting works boiler and general supplies at a cost of 10000 and everything would go forward to the mine at once Mr Treweek said they would have a consignment of ore at the Custer mills on or about the 5th of June This ore would be crushed and upon the result would depend the erection of a mill by the Charles Dickens Company The mine was in excellent condition The stock in London is quoted at 18 and 20 shillings per share j one pound is the par value EMMA AND FLAGSTAFF The Financial News records that new Emma is quoted in London at 7 and Shillings S-hillings Flaffstaff at 4s 6d j one pound is the par value of each Regarding the outlook for the Flagstaff the News says Under date of the 23d ult the mine manager reports During the past week the work has been continued in the following places The mineral winze is now thirtyone feet deep the ore continuing downwards the lode has increased during the sinking of this last eighteen feet from twelve inches to two and a half feet in width and although al-though this lodge has been through much of the distance largely iron the silver lead has now come in again and it looks to me as though the mineral must undoubtedly lead into a large body of good ore No2 west drift is in 190 feet and the ground is now better than it has been for a longtime long-time We have just come into soft ground here and cut a seam of iron running into the directions northeast and southwest The northeast crosscut I cross-cut is in thirtythree feet and the ore I continues It is now more clear than ever before and the ground is very good for the past five days The No3 west drift is now in thirtysix feet and appearances are highly promising The secretary adds The directors think it desirable to point out that the ore workings are all in the seventh level and the mineral winze being thirtyone feet below this the rapid increase of the volume of the ore appears a favorable indication The hard formation in which we have been working in No2 west drift in this level for the past two and a half months has now given way to soft mineralized ground j and it will be remembered that this drift is heading for the deep west winze where rich ore was formerly proved to exist and with which winze the present drift will connect in about sixtyfive feet The locality of the improvement at these four different oreproducing points is directly in the line of and under the old bonanzas which furnished the principal output of the mine in past timesy esA A GOOD SCHEME GONE AFT AGLEE ii I 0 Horn andJamesA Lusk of the Queen of the Hills people with one or two other Salt Lakers have for sometime some-time held a bond on the cozy little property which adjoins the Tiptop on the famous Camas belt in Idaho and known as the Benson They ask the modest sum of 100000 for the Tip Top and the bond on the Benson required the holders to pay 17500 1000 on June 1st and the remainder re-mainder in thirty days Mr Horn found the time too short to make up the proposed company and he telegraphed tele-graphed Mr Lush to get an extension Yesterday came a comfortless dispatch to the effect that it was impossible to obtain the extension as parties there offered 5000 better than the Salt Lakers had done The scheme will therefore probably go under |
