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Show it 123 a ton which of itself ii a serious handicap. Mr. Wood owm three properties ou the tame vein, all of which have received re-ceived considerable development. The best of these ia his opinion is the Tro-gan Tro-gan which has a shaft down sixty-four fret, the bottom of it being Gx3 feel and all of it solid ore that will run from f7 to 3U8 ounces in silver and will average 120 ounces and from 7 to 'JO per ceut load. The ore in a quart, carrying chloride and what Utah miners call slete feldt. The Mono is the first discovery on the lode and Las a shaft of loO feet and a drift of 100 in the face of which there is a solid live feet of ore that will average 4 j ounces and the best of it 100. In the bottom of tha shaft there id live feet of quartz between well de-lined de-lined walls and eighteen inches of ore that will run 100 ounces. East of the Mono ia the Blue Jay claim, which does not carry more than i) ounces in silver. No assays have ever been made for coppyr, but it ought to run high in that nivUi at it lias native scattered all through it. These claims were located first by Mr. Wood in '79 and he has been keeping keep-ing up the assessments ou them ever since. On the Trojan, cropping.? have been found which assayed 1)000 ounces. Some thirty or forty tons of ore have been shipped from "the different properties proper-ties which netted $150 a ton and there is now 'M0 or 400 tons on the dumps which will average forty ounces in silver. sil-ver. Negotiations are now being made with Salt Lake parties for the purchase of these claims. TUB NIAGARADEAL A 60 Eo Says Egv. P. A- H. Franklin-Thers is to be $2,000,000 Cub in tha Treasury. HALF TO GO F0S A BMELTES. The Bed Kose Min Washington District. Dis-trict. Beaver County The Leonard Erika On the Bed Ecsa. Rev. 1. A. H. Franklin speaking of of the great mining combine on which he has been working for some months said: "There is no doubt in the world but what the big consolidation will be perfected. The money is all subscribed cow and there is almost unlimited capital cap-ital behind the enterprise The rash capital will be at least $2,000,000, about one-half which will be used for the Binelter and the romainder for the purchase pur-chase and deu;i pmcnt of the mines. It ia not likely, lit evor, that construction construc-tion ou the smelter will begin for some mouths or until tie long tunnel is driven to a cornier . u with the Spanish mine. This will lake about 1000 feet." Mr. Franklin would not say whether the old Telegraph was one cf tha mining min-ing properties to be included in. the consolidation, hut adm'tted that the object ob-ject of the combine was to control alt of the principal niincj in the vicinity of what is now kuow as tho Niagara com- pany'e prjperty. Tho transaction is now in the sh ipo in which it will re- I)Luiar Float. The Nuguet. Ton thousand two hundred and forty three ounces of bullion, in six bars, were shipped out from the DeLamar mill on Saturday. The value of the shipment was $17,500. The mill man, by way of experiment, experi-ment, has been using a solution of blue stouo for some time which dues not precipitate as much copper, to be taken up by the bullion, as tho blue stone formerly used, hence the bullion now is higher grade thau former shipments. Notice has been received here that the DeLamar Mining company has declared de-clared a quarterly dividend at the ra'd of ia per cent per year. Mr. T. Uegati, one of the owners of the Moddard miuo, is in town, making arrangements with Mr. Ludwig, who, as agent for Senator Jones, holds an option ou a portion of this property, for further development work on tho same. main until after the meeting is hold here in the early part of August to increase in-crease tho capital stock. 4 ." Minlug; Exchange. Stocks advanced again today but there were so many brokers who wanted to buy and so few who wauted to sell that nothing was done on the first call. Apex and Crescent were the hot favorites, tiie former at 10 cash and thu latter at 67 buyer 30. Crescent closed yesterday at Go. Bidding was lively on bith calls and though the total was not a heavy one tha business done was of the most favorable character. charac-ter. It is a fact worthy of chronicling that the mining exchange is growing in public- favor. TODAY'S gilOTAriONB. STOCKS. ? j If c. j l : I : Alice i 1 '0 Alliance 1 Anchor 5 H) Ai.x "l.'i lianii-s" Sill 9 lilt: Ho!.. I' HI Out. Eureka 63 t Cleveland Cou '! ooBit-i. ano is;, i8!j ii CresiO.it fit Haly 20 US (Jleucoe ft frl Iloru Silver 3 y- Maiud IW'-i Mammoth 2 Isorth 1 urcka. i0J 15 ,115 'ITi Northern L-.py ' "i"i Ontirlo 3H r'i Bt.mli-y IU Oil Oil : V. L. -v (' Co 8 00 Vtan O.l Ol V.',,od8ldo 8 IM Silver CertlfX , I '"' Total shares Hold, y.TA)). Uuyer:X). liuyer (W. .MALES OF STOCK. anno Biwe or n.-nnto t' ;,. fiUin shams of forth Kuivka 15c, buyer 80 HI50 shares of Stanley c Uc. As tomorrow is Pioneer day and a legal le-gal holiday thero will be no calls on the luiuitig exchange. TOUAV'S OKE KECE1PTS. The oro receipts today were larger than for some timo amounting to 018 tons and one lot of South Galena con- Karl Ncitzel is now in charge of the Black Jack mill on Florida mountain. Mr. John Scales left an order for 75.-000 75.-000 leet of lumber in Caldwell last week, for building a llunie to carry tailings from the DeLamar mill to a yard two miles below. Mr. Scales has purchased twenty acies of ground there aud proposes pro-poses to put up an ar.istra mill. A Fin. Strike. There is little doubt but what the strike made two weeks ago in the Leon-aid Leon-aid at Bingham is one of tho best made in the old reliable camp this summer. S. B. Milner. who returned from there yesterday, said ho went to see the Leonard, and that it was all and more than it had been represented to be aud that it quite surpassed his expectations. There had been several thousands of dollars worth of good ore derived from the east end of the claim, but it had never been regular, and tho formation was badly broken. The present strike is on tha west end of tho ground, where the formation is solid and the little if any disturbed. The tunnel is only in forty fe"t, but there is six feet of ore in in the breast, all of which is good pay and two feot of it first-class that will run 40 per cent lead. Ulnicnara iilti. Tho Petro is looking well and is being be-ing worked with vigor, and is shipping a car load a day. There is lots of work going on on York hill, where nearly all the properties proper-ties are making productions. Hanson & Snyder, on their lease on the South (ialena have struck a bonanza bo-nanza aud are making steady aud large shipments. Local and General, S. B. Milner returned yesterday from a visit to the Pedro. Pioche, Nev., is slinking off its lethargy; leth-argy; it is proposed to light the town with electric lights. The Granite mountain mine in Montana Mon-tana has paid $11,000,000 in dividends within the last live years. George Arthur ltice is in Eureka, accompanied ac-companied by Hon. Willism Gelder and Dr. McLean of Glenwood Springs, Col. W. A. Clarke, the Butte millionaire mine owner, said in au interview in Denver "that an option had been given on the Anaconda copper mine to tho Rothschilds." Shipments from the Mollie Gibson mine at Aspen, Colo., aggregate $'J v.l.-000 v.l.-000 a month; a year ago the whole mine could have been purchased for less than double that much money. Four of Ouray county's, (Colo.), producers pro-ducers report the following output for ! 1M00, to the directors of the United States mint: Yankee girl, $1.852, MM; Guston, $1,173,051; Calliope, $23!), 849; American-Nettie, $:u!),74S; total, $3,-UUS.G42. $3,-UUS.G42. 1 centrales, tho weight ol wnion is not given. Bishop & Cun ie have 12 tons of Treasure Treas-ure and IS tons of Apex lease. Stewart has 220 tons of Bullion-Beck, 75 tons of Caroline, Di of Northern Light, i ton of G. E. B. and 313 tons of Eureka Hill. Hodges ha3 ono lot of South Galena concentrates. from llekTer County. One of the best known of the Salt Lako old-timers is Alex Wood, who for some years has been engaged in stock raising in tho southern part of the territory. ter-ritory. While devoting the greater part of his attention to the stock business busi-ness ho lias not beeu able to entirely resist re-sist the fascinations of mining and has been for some vears developing a group of claims in Washington district, Beaver Bea-ver county, a place some forty miles west of Frisco. These are uow in almost al-most a paying condition and bid fair with mure development to become veritable ver-itable tionaiias. The formation of tho district is lime and porphyry and the veins are found in the contact between the two. There is some very rich oro found and almost any quantity of low grade that will not pay to ship without railroad transpor-tion. transpor-tion. All the water necessary for a small population is found within a mile of the mines and there is also enough of the best of timber to last for years. The cost of transportation trans-portation from the mines to this market |