OCR Text |
Show CO per cent copper and S" ounces in silver. On th) extension of tiiu liian.l Ocposit there Is one vein of copper that will run '."J per cent which is nine lent wide. This is -regarded bv Mr. Young si the tery bet end biggest low-grade property he has ever seuu. WIU.OW SI KINCS IMM'ltll T. This is a new district that has only lately been cut olT from Eagle. There are several prospecting outlus working tliere. among them being thai soul out by L. (.'. K.iiTni. Soiiio line ore lias been found, and a few specimen aays have lu rii e.olU'ti w hieh nil 40 ounces in goin, but tiiu district is loo new yet to give an idea of how good it will laconic. la-conic. HOW Glt.xiN'S 1I1NK IS 1-MIKIM1. On the way liotne Mr. Young con-eluded con-eluded to t:iko a run up to the Hock-horn Hock-horn ;it Pugway. as he had heard the mine wis pbiyi'ng out, but if all miims would piny out 111 jui the fame way it would lie highly pleading to the owners of the pn-p,Ti', No sinking has been iieceary ho far to get nut the shipments ship-ments which have teen made, and from the wny the mine is looking now nothing but surfoce work will need to ASALK Or MINlNGSTUUv 0n of thi Best Sales of the Tear 100 Bharoi of Oentennial-Eureka for J5C00. NEGOTIATING TOR THE TLLEGBAPH Among the Mining Camps of Esep Cret k, Eagle, Blaok Mouo'aiu, Dugwajr and Hurray Districts, Probably the largest single stock transaction that has been made this summer was that of the sale of 100 shares of Centennial-Eureka at $."10 a share. The sale was made after the adjournment of the exchange J. G. Pavis made thu sale and J. M. Kendall, superintendent of the mlue, took it aud paid the money. When the Ceutennial-Knrtka Ceutennial-Knrtka was listed on the exchange, a little more than a year ago, the first sale was undo at $11 a share. be done to get out the entire output for this Minimcr. There are four 01 five car-loads on the dumb at this lime that will co l,"i0 n 'Joit cini'i's. and i-peclmens nave beeu found that will run S.tuio in silver and 0 ounce in gold. Tlie new tunnel, which tiilon is running ou tho liiiekhoru 400 fuel from where ho is making his Uip incuts, i, in eighty feet with smnil bunches of ore coining in occaMoiiutly. If this tunnel should strike as ruin'li mineral as t hero is in the upper work iug, it would bo almost impossible to estimate the value of the property, (iilsun is going along rather slowly, but ho is making very few mistakes, aud is addimr a comfortable little surplus sur-plus to bis bank account evciy week. MiDlca r.xcUpnif. There was ono particularly nofablo incident on the exchange today, it was the sale of 100 shares of Cenleiiuial-Eureka Cenleiiuial-Eureka at $"i0. The deal was really made after the calls were over yesterday, yester-day, but it was ptrmitiod to ligtire in today's transactions. Aside from this feature there was nothing else interesting. inter-esting. 15ull prices prevailed in almost every stock, the prices asl ed being so high that buyers were frightened out. Woolley gave it out iu a very chilly voice that ho was the most blooded bull on the floor, and ho would give $3 a share for 100,0'JU shares of Mammoth aud would ouly ask until tomorrow to-morrow morning to make the snUle-ment. snUle-ment. It begins to look as if the reaction re-action iu that stock had set in and while none is being sold, there is a considerable con-siderable demand lor it at advancing prices. TODAY'S QUOTATIONS. lllla of Uiiuip from Illugliam. The rain of Sunday night was tho heaviest the camp has seen iu some time, and it was followed up by an- other on Monday, The fall was particularly par-ticularly heavy in the upper purt of Riiighani canon, where the roads were badly washed out, necessitating the expenditure ex-penditure of considerable labor before they ciui be gotten in trim ngain. Upper Ringham in the vicinity of tho South Galena and Utah are looking very dull on account of those properties proper-ties being tied up with an injunction, which prevents tlie r working. Last year this time the Utah was working from 70 to 200 men, whereas it is not now working more than four or live. This closing down of the mines and cutting off of the production pro-duction they wero making, is acting as a depressing iuilueuce in that end of district; There were many promises made during the winter by the St. Louis Placer Mining company of the big ope rations that they were going to carry ou this siiiiimcr, but so far they are doing nothing and the water that is running through their ilunie is going to was to. Two or three men are sluicing in the neighborhood oi tho old Winiiciiiuc mine, but with what results The Times informant had not Kirned. The placer mining dono so far this season tloi i not come up to what was expected of it durin.-j the winter. There are a few outfits working, but if they are making any money they aro saying nothing about it. Tho developments in the Sampson snd the reported saje of tho property. - -vimMti. jjmui. tUiaLv M' i the mines of that locality. The only surprise expressed outal liingham over the sale is that the mine was sold so g s r" 2" STOCKS. af 5 I ' Lf L ! Alice $ t !) Alliance 1 M Am hue b -5 Ax 14 Humes Sill CS Hg Hole P 034 Cent-Kureka .. HC) 60 (l bo OI 50 00 Congo SUM 17 M l-'4 C'rrneeut &) Haly 19."i Uh-ncoe 0 1.0 lloru Milver... 10U 3 60 3 60 3 !o MalaJ CJ Mammoth 3 l Noilh Kureka . rl Norilieru hj,y JO) Ontario 40 o:i Htauley 1000 13 13 13 U. I.. & C. Co 8 no I'tiih Oil ot Wiiodsidi" 8 mi SilviT Certil's. fitmi " as W WK Total shut-en sold, 4.1AJJ. Huyer 30 day. sai.ks or STOrK. 10!) shares or Centennial Kurcka TO. 2i shares of Couku Hie. KU) fcbares of ( '0'!ko mi i?r. Ino fliarns of at.iniev t-c Jc. &LMJ shares of Silver Www. Among tlifi Doep ( rsek Camps. A. D. Y'oung ba3 returned from a six weeks absence from the city, during which time he has taken in the camtis j of Dugway, Clifton, Muncy Creek, Eagle and Ely in Robinson district, Ke-1 vada. The greater part of the time, however, vu pent in Haglo dWr'wV where he is engaged in working some property which bo purchased a short time ago. ciieap. Carr's Fork and York Hill are still the liveliest parts of the district. Roth tho York aud Petro are employing a iarge number of rncn and almost every prospect in their vicinity is being worked with some kind of a force. Some seventy-five or eighty inun arc employed on the Old Telegraph, and tho mine is making a production equal to a ton a day to the man. This is tho le-t that has l"eu tlono by the property for some years, but the output could be increased to live times that amount with scarcely an effort. . There is need of another custom concentrator, con-centrator, the lead mill not being abie to meet the demands made upon it. NEED Olf A KAILKOAD. This fast trip has more firmly fixed the impression in Mr. Young's mind of the wonderful uiiueral wealth which is in that country, but it has also convinced con-vinced him that a railroad from this city is a positive business necessity. There is a liue of good mining camps all tho way from Grantsvillo to Ely, Nevada. There are thousands of tom of ore in all of them, and if Salt Lake don't soon occupy tho land of proiriiao somo other and more ambitious town will. MIXF.S 01' EAGI.E DIjTMCT. Kaglo district has some tine looking properties and some extraordinary ore, a great deal of it running from oil to 1UJ ounces. One of these properties, purchased pur-chased of Tippotts, has a shaft down 110 feet, with a pay streak running from six inches to throe feet wide, some of which runs 0U0 ounces. There are any number of shafts from twenty to sixty feet deep which show good ore, some of it being rich enough to pny a prolit over present treatment charges aud cost of transportation; but the owners have grown weary with hope deferred aud aro noi, trying to do anything. any-thing. What is generally understood as Eagle district is in the granite formation, form-ation, tho veins being all true fissures, small iu size, but carrying; a Ni t-ullstu.i- Tor tli e Old Tulagrsph. There have been several mysterious trips inuda (: liingham lately by a r"p-rcsentative r"p-rcsentative of New York capital in tho person of W. 11. Thomas. Theso pilgrimages pil-grimages are believed to have been made for a double purpose, one of them being the preparation of the case of tho old Jordan and Utah mines which will probably come up iu September, Sep-tember, and the other the examination of the old Telegraph. Tub Timks lias it from very good authority Unit a deal is pending on tho property, that a price bis been named which will buy it $;',0O,O(!O) and that the proposition is being favorably entertained. It is known that V. II. Thomas spent two or three days this week in tbeexaminn-tiou tbeexaminn-tiou of .the mine and that he h:is done the same tiling once before. Putting this and that together, It looks as if so much time would not be spent merely to gratify a miner's curiosity. Making Kxiisrt Kxamiontltipn. As it looks now, one of the hardest fought and most memorable mining I litigations which has ever taken place in this territory, will be that of the Old i Jordan and the Utah, and which will probably reach the courts in September. Septem-ber. It is known that some of the best expert talent in tho United States 1ms been partially engaged, and will participate par-ticipate in the battle. Preliminary work is already being done by both sides and scarcely a day passes in Bingham, that either one or the other of the mines is not visited by experts wearing corduroy cordu-roy clothes aud wise looks. HIGH grade op cue. Tippott and Young are working assessments as-sessments on twenty-tiVe claims iu this formation. On one ledge they have a continuous lino of claims 7500 feet in length, with a number of openings ail along its course, and not one in which there is not a fair showing of ore. Ju sinking a shaft on one of the properties proper-ties tho former owners struck a body of water, when the work was abandoned. A tunnel was started by Mr. Young to drain the vein. It has not yet gotten undercover, but in running it a water channel was struck which flows enough to run a ten stamp mill. This is looked upon as the finest strike in the district. Harvey Hardy is in Eaglu and ho is working like two men. His mines aro moslly located in tho limestone belt, at Mack mountain, where he has acquired ac-quired six more claims within the past few weeks. The ore which he is getting get-ting out now is high grade in every in-!tanco. A SECOND ANACONDA. Mr. Young's last and his pet purchase is the Grand Deposit in Muncy Creek district, which was once known as the Noe mine. This is tho property which has been spoken of as a aangerous rival to tho Anaconda. There is an immense outlook running through the Muncy Creek district of lime and porphyry. The Grand Deposit is located in the porphyry por-phyry but as it is only OW) feet away from the contact and is dipping toward it, it is thought the vein will evuutually be confined within the two rocks. There has been considerable development done on the ruino, and a depth ot' 171 feet has been attained. Two levels havo been run and the vein cross-cut-ted, showing a width of tvventv. five to thirty-live feet, the widest place being in the lower level. The ganguo of the vein is an iron, but running run-ning alang with it are tho ledges of copper in the form of a black oxide. These vary in width from threo to ten j feet, but all bav a uniform grade of i |