Show TIE MIXIXG EXCHANGE Nearly Enough Snhscrilied Non to Incorporate With and More Coming Com-ing Parties having the matter in charge report that nearly enough stock tQ warrant war-rant the starting of the mining exchange ex-change has been subscribed and say they could close the affair up in a short time if they would take all the money which has been offered But only the best men are solicited to become be-come members and as a result the matter has not been > carried to a culmination cul-mination as quickly as it otherwise would A meeting will be called in a fe days to perfect the organization and draft and file the articles of incorporation incorpo-ration The capital stock will be 10 000 divided into shares of 25 each Strike In Skull Valley i Another good strike was reported from Skull Valley yesterday workmen on the Coronado having found ore which will go a high as 15 per ton The properties there seem to be in good I shape and many are now contemplating con-templating a trip to the place Electric Light Mining Company The owners of a group of claims near the Sunshine will soon incorporate on a portion of them under the above title when an engine and hoist will be placed on the ground for the more speedy development of the property which so fa has made a most promising promis-ing showing The claims are undoubtedly undoubt-edly located on the ore zone of Camp Floyd district as a large body of low grade ore has been uncovered in one of the claims which without doubt will Increase in value as depth is obtained Have Taken Up the Bond J 11 Davis manager of the Annie Mining company who are operating in Camp Floyd Mining district left for Mercur yesterday to take up abond on four claims adjoining the Glencoe The four claims are owned by E J Rad datz Co and the bond calls for a payment of 40000 the option expiring yesterday Mr Davis is also interested in the John Brown group of three claims south of the Sunshine A cabin has been erected on the property and work will be begun at once in the sinking of a shaft A Linderwood engine en-gine and hoist will be put up on the ground by the 1st of January as it is ground that the shaft will have to be sunk at least 250 or 300 feet before the ore body is caught Mr S W Sharp of Provo who is also interested in this property left for Camp Floyd yesterday terday for the purpose of inspecting the property Bank Clearings The clearings of the associated banks yesterday were 243495 For the same day last year the clearings were 211 966 Ore and Bullion The receipts of ore and bullion yesterday terday were as follows McCornick Co Hanauer bullion 3500 silver and lead ores 2700 Han auer matte 7000 T R Jones base bullion 3700 ores 2500 Bamberger McMillan ores 625S Silver and Lead Bar silver was quoted yesterday at 5 cents lead at 317 Mining Notes and Personals Superintendent Samuel Jones of the Mingo was in the city yesterday Ed N Magner general manager and L C Davis treasurer of the Gold Dust Mining company of Leesbury Idaho will arrive in the city within a few days dIr Magner will go on east on business for the company while Mr Davis will spend the holidays in Salt Lake with his family The mine is looking look-ing well Captain George Ryan who has a lease and bond on the June March Dew Drop and other claims in Dragon Hollow Ttntic district is busy developing devel-oping these properties The claims are well located in reference to proximity to good mines and every indication goes > to show that development will open up rich ore bodies there Assessment work is being done on the Patrick claim onehalf mile east of the Sunshine mine in Camp Floyd district Judge Dickson has purchased an interest in-terest in the Gem mine at Mercur A shaft house has been erected and a force of men are now employed in sinking sink-ing a shaft The Bonanza group near Mercur recently re-cently purchased by Henry Newell Solon So-lon Spiro Gus Holmes and others is being developed by a force of ten men and it is expected that the ore body will be tapped at a depth of fifty feet I L Clark a firstclass hotel man is negotiating for or will build ia hotel at Mercur and make that camp his future fu-ture home The excavation for A M Spooners 40x65 feet twostory business block at Mercur is completed and work on the foundation is being pushed as rapidly as possible The threestory hotel opposite the Mercur postoffice is nearing completion ton E L Newhouse representing the Philadelphia Smelting and Refining company of Pueblo is in the city The Parker Lumber company o Mercur has completed and are now occupying its new twostory building The company cannot ship lumber in fast enough to supply the demand and a hundred or more buildings are going go-ing up on every hand J H Borne an Alta mining man is at the St Elmo General Penrose has let a contract for a 100foot tunnel and a 100foot shaft on the Gold Dust group in Camp Floyd district He has a bond on the property and has interested outside capital In its development W A Graves left this morning for Silver City Tintic district where he will do the assessment work on the Monterey claim G S Holmes is working the Gold Bul group of claims at Mercur joining join-ing the Golden Gate on the east on which he has a bond L C Trent of L C Trent Co dealers in mining machinery returned yesterday from a business trip to Colorado Colo-rado An old Colorado miner who has been employed on the Sunshine mine in Camp Floyd district says that in his opinion the Sunshine is the biggest proposition on earth J D Kendall superintendent of the CentennialEureka Mining company left for the mine this morning VicePresident Sheldon of the California Cal fornia Bar company of Leesburg Ida will be in the city within a few days en route to New York City J J OReilly went out to Bingham yesterday to examine the Omaha group in Carr Fork Gulch in which he is interested He was accompanied by Daniel Vaughn the La Plata mine owner who is stopping ir > this city Two more carloads of ore fror the Ibex will be received at the Taylor and Brunton sampler in a day or two Dame Rumor has i that T J Breck on the well known surveyor has realized real-ized 10000 in the sale of Mercur mining min-ing stock and mining interests I is a long road that never turns so they say and Mr Breckon is deserving deserv-ing of the smile he has received from fickle fortune Mining is at a fever heat in Colorado Springs and men women and children chil-dren are buying and selling Cripple Creek mining stocks on the street corners cor-ners and excitement is running so high there that the regular trains between Colorado Springs and Cripple Creek are too slow for people and special trains have to be run for their accommodation accommoda-tion The Colorado Springs mining exchange ex-change is a hummer and nO mistake For the week ending Dec 7 3645593 shares of stock changed hands on the floor In it fifth level the Moose has more and richer ore than ever before and anew a-new shaft recently started on the south has proven up the ore chute for a length of 500 feet From three to five feet of ore in the level returns from 50 to 100 ounces gold and from 75 t 130 silver to the ton I is owned by a few Colorado Springs men and makes little stir but keeps producing steadily and is one of the big mines of the district Exchange Echoes Pueblo Colo The deepest gold mine in the world says an exchange is at Eureka Cal depth 2200 feet In Cripple Creep the veins become stronger and richer in depth The deepest shaft in camp is not 800 feet deep From present indications indi-cations by the time our big producers pucer get down as far as their California contemporary gold will have to be demonetized de-monetized Yes especially so since gold ore is shoveled out like coal in our Camp Floyd mines Two hundred shares of Daly were sold on the floor of the New York Stock exchange last week at from 6i50 to 663 and 350 shares of Ontario at 913 to 925 Gold mining in certain districts in Australia says the New York Engineering En-gineering and Mining Journal presents pre-sents a very striking contrast t the average result obtained in the older gold fields and to many of the most important gold O ung enterprizes in this country In the new district of Coolgardie the mine called Bayleys Reward Claim which was the first discovered and started the excitement in West Australia is now lamenting its position and unable to pay a dividend divi-dend because the ore contains only 2270 per ton and yet is at the same time free milling The company has distributed in dividends since March 1893 date of commencing operations 633000 and has produced in gold 1 050015 The average value of gold ore treated in Australia is about 15 and most of it at fair profit while in this country we have the notable examples of South Dakota and Alaska where 4 ore is profitable to treat The only permanent cure for chronic catarrh is to thoroughly expel the poison poi-son from the system by the faithful and persistent use of Ayers Sarsaparilla Sarsapa-rilla This wonderful remedy proves successful when all other treatment has failed to relieve the sufferer First Go South to the Art Exhibition 67 East I |