Show BUSINESS MINING AND STOCKS 1 Ii The Mammoth is in Better Bet-ter Shape Than r Ever i f MINING LITIGATION Claims and Counter Claims of the BullionBeck and Eureka Hill WITH THE BULLS AND BEARS F Trading Light and Prices Firm at the Exchange Rich Deposit of Aerate Onyx in Grand CountyActivity at Silver = Progressing nt tile City Work IbcxThe Phoenix at Blnslinni Shipments General aiuUins Resrnlar h Returns eral MnnoRer Cohen From De Janmr UareUa Party Well Pleased Witli TUcir Trip Galena and Utah Declare Dividends Bul dends Fine Showing in the lionBecU The Merens Dividend lIinin Rotrs und Personals The Mammoth mine in Tintic district dis-trict which for so many years has held a front place in the ranks of in Utahs bonanza producers is today of its former a position to equal any records for in its lower levels immense been exposed mense ore bodies have and it is the intention with added machinery to go to the deep and prove the continuity of the large and rich ore bodies opened up in the upper workings work-Ings of this mine The Mammoth shaft is now down to the 1300 foot level but a winze has been sunk from one of the levels at this depth to the 1400 foot level where bodies main it was found that the ore tained their strength and value in c 3 fact a decided improvement was noted I On the lGOO level a pony engine is I employed in raising the ore and waste from the l40u This ore is dumped from the bucket into a car which is pushed onto the cage and hoisted through the shaft to the surface by which means the output of the mine is virtually handled but once The development of the 1400 level has resulted so encouragingly that it is now the intention to sink another winze 1 to the Lotto and work on this will begin be-gin at an early day It has been rumored on the streets that the Mammoth would soon declare a dividend but The Herald is authoritatively authori-tatively informed that if the company decides to put in a new hoist in order to sink to a greater depth no dividends divi-dends will be paid until this work is I lompleted and paid for and it is understood un-derstood that plans and specifications > I for the new hoist are now being prepared pre-pared and that bids for its construction construc-tion will be received at an early day The Mammoth mill recently paid for from the proceeds of the mine is a wonderful and extensive piece of mechanism Everything about the 9 plant and the mine is strictly up to date and it is hinted that the new hoist will be perfect in every particular particu-lar The Mammoth company is conservative conserva-tive to the extent that complaint has been made that it is too exclusive but money talks and wind will never open a mine and the stockholders of the I Mammoth are to be congratulated upon the fact that the affairs of the company are in the hands of careful I t and capable men Although the Mammoth has not paid dividends for some time the confidence 1 maintained by the public in the future of this mine is evidenced by the fact that within the brief space of three I months the stock of the company has advanced in value from 150 to 309 The Mammoth shipped twenty carloads car-loads of hign grade ore during the month of April part of which averaged 70 and over to the ton besides which it marketed the product of its large millUpon the completion of its new hoist the output of this mine will be something some-thing to brag of in mining circles nULJlOxnECIi VS EUREKA HIM The Claim and Counter Claim Suit r Now Being Tried Judge Street and a jury were occupied occu-pied yesterday with the case of the BullionBeck and Champion Mining company against the Eureka Hill Mining company in which the plaintiff claims 25300 damages for alleged trespass tres-pass A separate suit of the Eureka Hill Mining company vs the Bullion Beck and Champion Mining company in which the plaintiff claimed 5440 damages was treated as a counterclaim counter-claim and both c ses tried together In the first case the plaintiff claims I that it owns a mining claim known as lot 76 in the Tintic mining district and that the defendant since October 17 I 1892 wrongfully entered upon the same and removed therefrom ores to the value of 25300 for which judgment is prayed In the counter suit the Eureka Hill claims to be the owner of a portion of the claim lot 76 and that the Bullion Beck extracted ores therefrom to the value of 5440 for which they ask I judgment Messrs Rawlins Critchlow and W C Hall represented the BullionBeck and Champion company and Bennett Harkness Howat Bradley the Eureka I Eu-reka Hill Mining company The case ws proceeding when the I hour of adjournment arrived SWANSEA AM GALES ADVANCE And Are Followed Closely By the Four Aces and Dalton There was nothing of an exciting nature na-ture noticeable in the transactions on the floor of the mining exchange ex-change yesterday yet the tone of v oj the market was good and quotations as a general rule ranged stronger and higher than usual There was an active demand for Galena which sold readily at 5L92V which is at a higher figure than this stock had previously sold for which fact can be accounted for on the ground that the Galena company is now paying regular monthly dividends Four Aces also developed an upward tendency and a thousand shares changed hands at 3344 cents Mercur was a trifle lower In the bidding bid-ding than usual but holders were firm at an advance and no trading was din d-in Mammoth on the contrary was In brisk demand at advancing figures but sellers I managed to keep a safe distance away and held for a rise which from all indications in-dications will soon take place Among the unlisted stocks Swansea was undeniably very strong selling readily at SLTT1 and SLSO while street sales were made at 5L90 Rover recorded transfers at a low figure and was but little In demand Dalton although advancing slowly is again gaining in public favor and Inquiry for this stock resulted in sales at SandS Sand-S cents < The transactions of the day were as follows SALES OF STOCKS 200 Galena at 192 1000 Four Aces at 33 cents i 200 Swansea at SLSO I 100 Swansea at SLTi r 100 Rover at SO cents 100 Rover at 27 cents 1000 Dalton at 5 cents 1000 Dalton at 84 cents Total sales 3700 shares CALL OP LISTED STOCKS go I E1 I amo ot Stock c4 I I j Anchor j 2001255 I AJax 80 I 90 Alliance I Annie 30 BullionBeck 625 700 Brick C Consolidated 6 > I lentenmalEureka 7700 Daly 795 I 830 Dalton Lark 501 55 I Eagle 10 11 1ast Golden Gate 40 I I Galena 19214 1 1O2lfi Geyser 77 1 100 Four Aces 33 331J I 1 1 Herschel 10 20 Itercur s 690 I 720 Mammoth 309 i 319 Ontario 1360 I SIOUX Consolidated 225 Silver King I 1550 Sunshine 260 I 280 I Utah 1 175 182 I CALL OF UNLiSTED STOCKS I go I oJj t Namo ot Stocks II I t Swansea S iso 17 y Morgan Hardscrabble Is 30 Richmond Anaconda 054 07 Rover 30 30 Dalton 08 08 Tetro 0714 08 Utah Consolidated 70 125 Northern Light 45 60 I Bogan 32 37 Star G S Mining Co 06 Natural Gas os 07 Little Pittsburg 02 02 s Morgan Park City 40 45 Thc Chicago Board Delaware Chief 500 24 ½ ImperIal preferred 25UlJ n Capazone 2500 03 Medina 5000 OJ C C Golden Group 2500 09 Peerless 8000 11 Sumpter 4500 OHs C C 8 Central City Con3000 Oj Cosmopolitan 13000 05 Little Gem 8000 04 I ICing Solomon 200 283 TIhyollte Gold 8000 10 Sunnyside Gilpin 1 3100 BOTh DECLARED DIVIDENDS The Galena and Utah Unite in En richiiisr Their Stockholders The Galena and Utah mining companies yesterday declared and paid their regular monthly dividends amounting in the aggregate to 7000 of which the Galena paid 55000 and the Utah 2000 With this dividend included the amount paid by the Galena to date foots up to the handsome sum of 31000 while the Utah which has been on a paying basis for two or three years has paid 154000 The Utah and Galena mines are located I lo-cated in Fish Springs mining district and both producers are in excellent shape with large bodies of high grade ore insight in-sight DEPOSIT OF AGATEONYX Rich Stones and Gems Found in the County of Grand It has been said that Utah possessed within her environments every known mineral precious stones and gems coal and iron with the exception of tin In the mineral line there is no limit to our wealth and as for coal and iron the supply is inexhaustible Onyx and marble are found in many places and throughout the state Mercur has the green gemstones and in various localities locali-ties within the limits of our commonwealth common-wealth crystals are found that make beautiful settings for rings and other articles for personal adornment but it was left for Grand county to add its treasures to this list in the way of what is called agateonyx which is a beautifully variegated colored stone very fine and hare in its texture and capable of taking on a very high polish Yesterday morning E G Rognon of this city received a box of specimens of this agateonyx from Agate station on the Rro Grande Western road in Grand county near which this deposit of precious stone is located These specimens spec-imens are rich in coloring representing represent-ing about all the colors of the rainbow rain-bow The deposit Is extensive and this stone can be quarried in almost any desired shape or size according to the use intended which embraces pen > holders hold-ers breast pins paper weights covers for card oases vases urns knife handles han-dles and for a hundred other useful and ornamental purposes Mr Rognon always interested in the development of the wonderful resources of Utah informs The Herald that at Agate station over a thousand acres of agateonyx land have been located by Grand county people and parties living in Grand Junction Colorado lie also states that the specimens received by him yesterday are to be forwarded to a New York syndicate who are in search for just such a property and that it is more than likely that a deal on the same will be consummated consum-mated within a short time and that at no distant day a factory fac-tory for the handling and dressing of these ornamented stones will be established at Grand Junction Colo which is not far distant from the onyx deposits Robert A Kirker a gentleman well posted in the value of gems of various kinds and who is familiar with the art of lapidary has a very interesting communication in the Grand Junction News from which we make the following fol-lowing excerpt Until polished the precious gem has no splendor Although the lapidary industry and stonecutting methods have a history older than our civilization little is known here in our country of the character char-acter of machinery in use the value the demand and the purposes of the products from agate onyx chalcedony I jasper etc 1 The broad statement and challenge that we have a superior quality of raw products of agate onyx jasper etc that are moe beautiful in a great variety va-riety of colors found in the greatest quantity without flaws or imperfections imperfec-tions than can be produced by any other lapidary locality or manufacturing manufac-turing site now established in the Old World or in America has been proven by investigation to be true The value of establishing lapidary works here or at Grand Junction maybe may-be seen or understood by analogy in these facts That most all of the raw products as well also the suitable and tested i rii j < > < grindstones abrasive and polishing materials are found upon and in the vicinity of the l2SOacre tract at and near Agate switch in Grand county Utah on the R G w railway That they can be mined and produced pro-duced cheaply and that cheap transportation trans-portation is assured That we will not be to the expensive expen-sive operation of boiling in oil and acids to intensify or brighten the colors col-ors of any of our agates onyx chalcedony chal-cedony or jaspers which is now done altogether at Oberstein Idar and Het stein in Germany and to a certain extent ex-tent in the Ural mountains at Elkath erinbourg Russia THEY TOOK IN EUREKA The Visitors Highly Pleased With This Magnificent Camp Last Sunday E H Airls C D Gardiner John Heimrich W S Brown E G TVoolley E L Sheets W C B Allen and W R Wallace were in Eureka and while there they examined the underground under-ground workings of several of the great producers of this camp including the BullionBeck and the Eureka Hill To say that they were more than pleased pleas-ed with what they saw in these properties proper-ties would be putting it mild as they were delighted and astonished at the mammoth ore bodies exposed in these magnificent wealth producers According to one of the party the lower workings of the BullionBeck is in one of those great ore chutes that enabled the company to paS dividends of 100000 I a month during several months of last year and from one of which 600000 alone was taken The Eureka Hill also ac coiding to our Informant Is showing up in splendid shape and in and about this property and its fine mill everything is working smoothly and like clockwork The inclemency of the weather prevented prevent-ed the visitors from getting around to the extent that they had planned but they all unite in saying that they had a most enjoyable time nevertheless THE MERCUR DIVIDEND Will Pay TwentyFive Thousand on May Twentieth I The directors of the Mercur Mining company held a meeting yesterday and deoared Its regular monthly dividend of twelve and onehalf cents a share or twentyfive thousand dollars payable on the 20th of this month It is beCieved that at this meeting arrangements would be made for the enlarging of the Mercur mill but the Herald is authorized to make the state I ment that the process for the treatment treat-ment of Mercur ores had beenso much improved of late that the capacity of the mill had been increased by fifty tons without the addition of any more machinery This in itself will be good news to Mercur stockholders as it in all probability means larger dividends without the incurring of any more expense Mr Dern with his wife and daughters daught-ers will leave for Europe next week Monday it being his intention to be absent ab-sent for four or five months Upon his return the consideration of the subject of a new mill for the mine will doubtless be taken up Messrs Dern Heimrich and Brown will go out to the mine this morning TIlE hOGAN PUMP It is Working Successfully and Sinking Sink-ing Has Been Commenced PARK CITY Utah May llThe new pump for the Bogan shaft is in place and throwing water to the surface sur-face Manager John Bogan reports that the pump is working very satisfactorily and that it is forcing water to a height of 500 feet with fifty pounds of steam pressure at the boller on the surface Everything is now in readiness for the resumption of sinking in the shaft and in doing this three eighthour shifts wil be employed continuously from now on and Mr Bogan says that as mitters now stand he will be able to sink at the rate of from eighty to ninety feet < a month Ore and Bullion The ore and bullion shipments yesterday yester-day were as follows Commercial NationalOres 54300 gold and silver bars 1600 Wells Fargo CoBullion 5952 McCornick CoBullion 7950 ores 14400 cyanides 1490 Silver and Lend Bar silver was quoted yesterday at 6ns cents lead 290 casting copper 10 cents Bank Clearings I The clearings of the associated banks yesterday were 302754 For the same day last year they wero 185501 Mining Notes and Personals Colonel E J Carter was in Mercur on business yesterday J R Hickman recorder and J BRyan B-Ryan clerk of Tooele county are at the Walker Dr A L Castleman the successful Bingham and Camp Floyd mining operator is in from Mercur The Mackintosh sampler yesterday received sixteen tons of Forrester concentrates con-centrates and twenty tons of Silver West ore The Geyser Mining company yesterday yester-day made the second shipment of cyanides fo this month amounting 1755 in valueS value-S L Raddon one of the editors and publishers of the Park Record one of the most able sand conservative of our exchanges is in the city The Raven Mining company js timbering tim-bering its shaft on its Mercur property proper-ty and has let a contract for the sinking sink-ing of another 100 feet W F Murphy who is just in from Blue Bell district states that at least seven outfits are doing development work there with very encouragihg results re-sults The Buckeye Minlhg company operating oper-ating near Diamond in Tintic district received a carload shipment of ore yesterday yes-terday that assayed 3175 per cent lead 3175 ounces silver and 270 in gold to the ton The Cedar Valley Mining company now operating in the Peepstone district dis-trict has just let a contract for fifty feet more of work in its shaft The shaft is already down forty feet and the indications are so favorable that I the company feels sufficiently encouraged encour-aged to go on with the work George McErlhin of the Northern Light mine at Bingham who was in the city yesterday informed The Herald I Her-ald that the snow in Bingham is still so deep that it is almost impossible to make any ore shipments and that inconsequence in-consequence they have about 300 tons on the dump waiting for fine weather and good roads to be tIansported to marketS I market-S F Mount of the Ibex mine in Detroit mining district arrived in the city yesterday on business connected with the company Mr Mount informs The Herald that the long tunnel now being driven to open up this bonanza property is now in a distance of 300 feet and that with three shifts constantly con-stantly at work it will not take long to drive the other 200 feet and make the desired connection D Sanford of Texas accompanied by his wife is in the city the gest of his broth rInlaw Charles Van Aly stine of the Galena and Utah mines Mr Sanfoid who is a most pleasant gentleman will spend some little time in Utah looking over our numerous mining camps and there is a probability proba-bility that before leaving he may take aflyer in some of our giltedged mining min-ing stocks or producers J C Dugan the well known mining = operator has returned from a trip to lintic mining district While in the district he visited Silver City and reports re-ports that this locality is showing considerable activity and that more or less development is going on there but that sufficient < lepth has not yet been attained to prove beyond a doubt the continuity of the ore bodies However How-ever he has shown his confidence in this section by interesting himself in property there While at Silver Mr Dugan inspected the Swansea and Four Aces mines He speaks in the highest terms of the former and is confident that with development the Four Aces will equal it as a great producer pro-ducer John Olson and W E < Ladd of Mer cur are in the city Mr Olson is managing the work being done on the Mercur townsite by the Mercur Deep I Mining company of which he isone ot the principal officers and shar holders hold-ers The shaft he says is down 145 feet in blue lime under which it Is anticipated the ere zoqe will be found Mr Ladd associated with Edwin W Senior is engaged in the sale of Mer cur town lots but he says that the weather of late has been so inclement and stormy that there has been but little activity in this line The stockholders of the Phoenix Mining Min-ing company of Bingham will meet in this city today for the purpose of electing officers and directors for the enduing year The Phoenix is making regular ore shipments and has a nice fat treasury account besides which it has 300 tons of shipping ore on the dump and at least 150000 tons of ore insight in-sight in the mine The company will run a long tunnel this season from the Carr Fork side to cut the ore bodies in the mine at a depth of 300 feet below be-low its present workings The Phoenix is a great mine and will make its stockholders wealthy General Manager LI A Cohen of the DeLamar mines in Camp Floyd Utah anl DeLamar Nev returned to the city yesterday morning from his visit to the latter place where he witnessed the successful starting up of the new DeLamar mill which uses the Kendall cyanide process of Qre reduction and has a capacity of 300 tons of ore dailv Mr Cohen is glad to get back to Zion again and his many friends here are glad to see him once again luilgp Henry Rives who accompanied Mr Cohep on his southern trip Is attending at-tending court at Pioche and will not return home until about the 23rd inst |