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Show THE MINES AT PROYO. THE CARDEN CITY EXCITED OVER RECENT DISCOVERIES. Dozens of Locations Made tn Slate Canon on J aartz Vein Giving Assays as High as 493 Ounces in Silver Various Reports Re-ports of the Value of Strikes. Pome ore giving good assays in silver and gold, has been discovered in Slate canon near Provo, and in consequence thereof, the Garden Gar-den City is greatly excited and predictions of a mining boom are rife. A number of locations lo-cations have been made already and should a few more good assays be obtained, the whole district will be covered Iwith claims beiore the end of the week. The most in-telliirable in-telliirable report say the ore is a copper stained quartz, in a limestone formation, rhe best assay reported so far is 4'J3 ounces m silver and $i in gold. today's obe r.Ec; ir ;. Mine. Tom. Buckhorn (Dug way) 18 Q'leen S!0 kullion Beck 2)0 Caroline i;2 Morean ?3 South Galena,. . . 134 Tripper .1 1! .. .1 1! 30 Total .' 7i7 Foreign Lead In New York. lrom Ceamberlain & company's report the English market for pig lead has been which equals only 8:2.00 at New fork in bond, or 4.00 duty paid. So many sailing vessels are now coriiiug from the Medite rauean to New York with dried fruits and licquorice root, the olive crop and other liglit freights, that freight on other goods, such as pig lead, can be secured at S1.00 per ton from point to point. This would permit lead to be laid down from there at the same price as in London; and as stocks are large and prices rather weak, Spanish mine owners would gladly knoc k or! ten tents per ton, 60 as to ease their market by freer exportation. A little business of that sort was (lone last week' and a couple of hundred tons were sold on private terms, whereupon the American Amer-ican producers, to avoid last year's blunder, promptly dropped their price bv slow decrees de-crees at New York, under sales of "1000 tons. fn-m 4.50 to $4.35, which is a limit that will nectually bar further importations. Very often, however, as in this case, the pendluin sw ings a bit too far, and dealers and speculators specu-lators concluded to ft out of lead; and so the prices at New "York fell to 4.30. St. Louis followed the line of the line of the New York decline to a moderate decree, senrinv. 4 k and $4.15. while Chicago stood up bravely vX 1.:J5, but closed weak. M ill be a Big Frodueer. P. B. Miincr has gotten the 4evelopment rm the Alex at Bingham so far advanced as to give the assurance, that the property will poon become a big producer. Ho has already al-ready shipped six ear loads within the past month, and this rate of production can be maintained and possibly . increased. Two f ro's-cut tunnels have been run and ore found in both of them wheie they struck the vein. In the upper one there is severai feet of carbonate w hie h thourrh very much leached, leach-ed, will net 3S a ton The lower tunnel has opened come very heavy galena of which pome assays were made on Saturday that rn forty-onf ounces in silver, and from 50 to tA per cent lead There is a ten inch -vein of thi.s ore and two or three feet more of a lower grade. The property can be worked at the minimum of expense, one man taking out forty sai ks of ore on a shift. It is a Carr's fork property located near the Benton and Frisco. opened t Last. After more than a years labor and numberless number-less disapointments, Ihe Anchor drill hole has been opened and the shaft on that mine ia heinr; rapidly drained of its accumulated writer. The work of Ptartio the flow of water, was attended with more than ordinary i dancr. there was at least 203 feet pressure I above it; and that it was done without acri- d' nt to anyone was cine the great care exer- cised. It is a very important eve-nt to the Anchor company as it will have several hundred hun-dred f i t of dry ground above its tunnel level, all of which is rich in mineral resources. resour-ces. Loral and Oenral. There are 200 men working in the mines of Bi; Cottonwood. The is 100 ton? of ore awaiting shipment on the dump of the Flagstaff. Arrangements have been made to work the McKay mine at Alta all winter. ' The IVserct university is accumulating a very comprehensive collection of Utah ores. The Lc Hi B'mr,er eays it is rumored that a mammoth t-trike has been made in the New-Idea New-Idea mine in American Fork canon. The stork of the. Mollie Gibson mine at Aspen is sollinc: at beveen $6 and f a share. There "are 1,000,000 Ehares in the corporation. The discovery of carbonate ore made by "Ed Wild in American Fork canon is said to be Ercttine: better all the time. Mr. Wild wants to leai-e it from the other owners. Ed Wood, one of the oldest miners in Utah and at present one of the largest owners in the rich Blue -Tay mine in Beaver county, arrived ar-rived in the city Saturday night from Frisco. Mr. Wood verifies all the good reports about the Blue -Tay. A special to the Anaconda Stanford from Tocatello says an assay has ben made on the ore recently discovered there, w hich returned re-turned 73 per cent in copper. The report also says the prospects from the mines there were never better than at present. |