| Show THC SWAXSEJu MINE Will Begin Stoping About the Middle Mid-dle of the Week The Swansea mine near Silver Oity gives promise of developing into one gves of the heaviest producers in Tintic district and Swansea stock today is one of the most active mining securities securi-ties in the market The Swansea shaft is now down a distance of 460 feet but in the working of this property not a pound of ore has been taken out excepting In doing development work and the velapmelt yet product duct of the mine has paid for a fine steam hoist for all developments and the company has a good reserve fund in the treasury Now however the stockholder may soon expect some return for his investment in-vestment for it is the Intention to begin be-gin sloping about the middle of this week when daily shipments of about a carload of ore will be made and this will result in the payment of regular dividends In sinking the shaft stations were cut at the 350 and 450foot levels and from these drifts will be run on the fine ore bodies exposed and sloping in winzes and upraises from now on will b the order of the day The bottom of the shaft shows over four feet of solid highgrade galena ore A soon as sloping and extraction extrac-tion begins however development work will not b neglected and the sinking of the shaft will be continued In a few feet more in order to keep a straight shaft the ore body will be left to one side but at any time it can be reached by a crosscut William Hatfield the efficient superintendent su-perintendent of the mine who was in the city yesterday is much pleased with the great showing made by this property Mill Creek Placers The owners of the Bridegroom group silver claims in of gold and siver placer cams Mill Creek sent out some men yesterday yester-day and it is the intention to thoroughly thor-oughly develop this property and determine de-termine the extent and value of the deposits before making any effort to recover the precious metals During the lab few days several locations lo-cations have been made in the vicin catons ity of the Bridegroom group and the records of Hot Springs district show that William 11 and Anna S Ingalls have each taken claims there the locations lo-cations being in Big creek fork of Mill creek just to one side of the Bridegroom Bride-groom placers On these newlydis covered diggings it is claimed that every pan shows colors and it is predicted pre-dicted that there will be a great rush to that locality before many days Mill Creek is located only a few miles south of Salt Lake Ore and Bullion The ore and bullion receipts yesterday yester-day were a follows National Bank of the Republic Ores 5400 Wells Fargo Co Bullion 11443 McCornick CoOres 33700 gold bar S3C75 T R Jones CoOres 7600 bullion bul-lion SOOO 1 Silver and Lenrt Bar silver was quoted yesterfiay at 6S6 cents lead 270 casting copper 10eents > Bank Clearing The clearingsof the associated bonks Testerday were 220604 For the same I day last year they werer199843 |
