| Show SIX INCHES OF GALENA Manager Woodwards Report On Joe Bowers Extension A letter was received in the city yesterday yes-terday from Manager AVcodward of the Joe Bowers Extension mine near Diamond Dia-mond in Tintic district in which the statement was made that in the workings work-ings of this property a sixinch streak of fine galena ore had appeared in the face of the drift In addition to the foot or two of highgrade silver already reported re-ported The new steam hoist being installed at the mine will be ready for its initial run by the first of the month while excellent progress is being made in the retimbering of the old Estella shaft the impression prevailing that when this is in working order fine bodies of shipping ore will be found in this portion por-tion of the property which years ago made ducer an excellent record a a pro The New Exchange A large and enthusiastic assemblage I attended the adjourned meeting of the new stock exchange yesterday afternoon after-noon and by Monday it is expected the new board will hold its initial call So far there have been eighty applications cations for membership in the exchange ex-change the twentyseven signing the petition being sure of seats In the organization or-ganization but a these are to be limited lim-ited to forty but thirteen more will be admitted to select which a committee has been appointed in addition to the two others one of which will attend of the association to the organization associaton and prepare the bylaws and constitution constitu-tion while the other will secure a suitable suit-able room for the holding of the daily call Quite a sum has already been paid in for memberships although the organization or-ganization is not yet perfected in addition ad-dition to which seven applications have been made for the listing of stocks I is learned that Gill S Peyton is the unanimous choice for president and he is undoubtedly just the man for the place Strike In the Illinois Stre I te Dliois Word comes from Bingham that a important strike has been made in the property of the Illinois Mining company com-pany In Spring gulch in the Dalton Lark country adjoining the Congor gold and copper mine and that in the development of this property a fine body of block galena has been uncovered uncov-ered inwhich there is a Small percentage percent-age of copper Quite a number of Provo people are Interested in this valuable ground including in-cluding Messrs King Holbrook and Williams and they are well pleased with the showing made and are satisfied satis-fied that the mine will make record this season as a producer This portion of West Mountain district dis-trict Is attracting a great deal of attention at-tention at the hands of investors at the present time and representatives been making care of capitalists have cae late ful examinations of properties there of No More Assessments The board of directors of the Frisco Mining company held a meeting Tuesday to all expectations day but contrary al expectatons the companydid not levy the expected assessment the probabilities being owing ow-ing to the flattering showing in this Dinghnm mine that after this no more of these Irish dividends will be declared de-clared as this property Is now on a paying basis and indications are that J will be paying dividends before the year is out The carload of ore from the Frisco for which the company sqceivid sqttle mont yesterday netted 2 aton Superintendent A L Talbot who has been in the ciry for a few days but I who left forXthe mina yesterday expects ex-pects to hae andther shipment of I i about Sixty tons In the market soon I after the frt of next month a |
