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Show ; THE SALT LAKE TIMES SATURDAY, OCTO-BE- K 8,1692, J , , H..3 j Buckle & Son, tailors. Established May. H, 174. Main stTeeVopposeWjakerJEbusX ' i pnration, that merged the Mayflower and Silver King properties. The output from the Mayflower is re-garded as of sufficient consequence t in-sure dividends on the stock of the com ny and the Silver King production when work starts up will not be means. insignificant by any George P. Canis. Salt Lake, October 8. - Since the Francklyn scandal and the change in management, effected through the efforts of Sir Bache Cunard and his friends in England, the Horn Silver's affairs have been in safe hands. At the regular annual meeting of the stockholders, held at Frisco last Tuesday, the seal of approval was set on the manaare-nie- nt by the of A. C. Washington as president and the continuance of the old directorate. Manager P. T. Farnsworth of course is to be retained in his old position. Few properties can make a better showing than Horn Silver. With the price of the white metal declining all the time, it is a test of the value of the mine that its stock should keep up so well. There are only three companies in Utah, out of the number that are known or re-garded as public properties, that are divi-dend payers at present. These are the Daly, Ontario and Horn Silver. This trio is likely to be increased to a quartette before long. The new candidate is the SILVER KING COMPANY of Park City. That was incorporated only a few weeks ago. While the new company is not obliged to declare its dividends, or take the public into its confidence as to the amount of its profits, there is every reason to believe that its divi-dends will be open. This ought to create some movement in stocks, especially so far as trading in Silver King is concerned. The nucleus of the Silver King corpora-tion was the old Mayflower mine. On account of the prolonged litigation over that property, it has come to be well known to the general public. But the May-flower needed no advertising outside of the record it has made for itself as a producer. Being closely held and a strictly private property, the profits from the Mayflower were unknown save to those among whom a divy was made. Proof that its earnings were large is at-tested bv the fact that during the summer a Republicans and Populists in this inter-mouuta- in country, through fervor, are mak-ing too much talk about the white metal, if the reports that come from the other side of the Atlantic are to be relied upon. A case in point. Utah was visited this week by the most eminent me tallurgist in all the world. If he isn't a friend of silver he ought to be. At present he is the general manager of a mining company, whose production is ELEVEN MILLIONS FINE OUS4'3 OF SILVER a year. That is the output of the Broken Hill company of New South Wales. The gentleman in question, Dr. Herman II. Schlapp, is also a native American and remains a citizen of this republic. He has j ust returned from a six months' vacation and business trip to Europe. AVhile there he visited all the principal mining centers and naturally posted himself as to the prospective status of the white metal, as viewed by financiers as well as those who are interested in its produc-tion for the great company over whose mines and mills he administers is an English corporation. Dr. Schlapp's views onght to count for something. Well, ho says that the feeling across the water is that all the nations of Europe will stand back and do nothing towards the remonetization of silver, if there is any pos-sibility that Uncle Sam will take on his own shoulders the responsibility ot rehabilitat-ing the white metal. Dr. Schlapp further said that all this agi-tation of the silver question in the United States did more harm than any possible ben-efit that could be derived. He expressed the conviction that nothing praciical would result from the monetary conference. This is a weighty opinion. While speaking of Dr. Schlapp, one inci-dent of his visit to Utah must not be forgot-ten. The only district in the territory he visited was Park City. He expressed him-self as specially UTAH WEEKLY REVIEW. Old Jordan and Galena.at Bingham, headed the procession this week with a new strike to its credit. A big ore body was encoun-tered on the 100-fo- level. The extent and value of this new deposit has not yet been determined. But it is gratifying that Utah's largest shipper should experience good luck so soon after the completion of the new mill built to re-place the one that was burned. Like the other Bingham mines, the Old Jordan and Galena ore is a variable quantity. The history of its operation has been attended by more surprises, good and bad, than is usually the case in profitable mining. There have teen times when the vein . pinched out or narrowed down to a few inches, and then the ore bulged out again, after ruuniug a short distance, to as much as thirty feet in extent. Although an incorporated company, little If any Old Jordan and Galena stock ever gets into the market. The Hoidens have bought It nearly all in, so that the property is now strictly a private one. SUCCESSFUL: MANAGEMENT OF THE HOLDENS l as to a certain extent been aided through the pu.icy of leasing grvuud. Only last week some leasers were handsomely rewarded for inteliigeui prosuect work and the value of tins whole property enhanced as a conse-quence. Silver men were elated, of course, over the intelligence printed in last eveuing's Times of unusual activity that characterized tradiug in silver certificates on the New York 'stock exchange. It is encouraging to real such reports a that and to know that 100,000 ounces bhould change bauds at to 85. But too great store should not be set by such iueidenls. considerable amount of MONEY WAS DISTRIBUTED among the partners. What it was in the aggregate is merely a matter of conjecture, but the fact remains that some of the men most heavily interested in the Mayflower have been very flush for a few months back, During the pendency of the big suit, the receipts from the shipments of ore which were continued throughout the period of litigation were held by order of the court Large amounts were paid in on that, ac-count. When the suit terminated in favor of the Mayflower there was probably a distribution of the money held by the court This was undoubtedly the source from which the dividends came. The Mayflower was capitalized and the 150,000 shares of its stock held by the orig-inal owners, not to exceed half a dozen in number. Thomas Kearns 'held about 50,000 shares, Dave Keith 25,000, John Judge, who died recently, owned 25,000 and the remain-ing 50,000 was distributed among two or three others. The (history of the Silver King is familiar to all local mining men. It was the proper-ty of Kearns, Keith and Judge. While working the Mayflower, all the money they got out of it was spent in pros-pecting the Silver King. All of these men were noted for their PERSISTENCY, PLUCK AND POSITIVE VIEWS They thought they bad a good property and went ahead and spent a fortune in open-ing up the Silver King ground. Working on a theory or influenced by cer-tain indications, a shaft was sunk to a depth of 800 feet or more before ore of any conse-quence was encountered. They are supposed to have struck it rich. The Silver King was bought some months since and its name given to the new incor-- ..' , PLEASED WITH THE MARSAC MILL and the way it is run. This is praise from Sir Hubert One object of the extended tour of the eminent au'hority on matters relating to ores and their treatment, and the principal one, so far as the business par, of it is con-cerned, was to inspect the great silver mills and reduction works and to study their plans and methods employed. That Utah has works that win enconiums from such an expert is a matter of pride. But it is not alone in the milling facilities that the Daly and Ontario are distinguished. A recent report of the management of these properties shows that the product of the Ontario for the past nine months aggre-gated 594,453.95 ounces of silver and the value of the ore was $411,973.14. Tbe dividend paid Sept 30 last which was number 19G made the aggregate of profits disbursed to the stockholders during the present year, $075,000. The total divi-dends to date amount to $13,100,000. The Daly dividends now number 67 and its regular monthly dividend for September of $37,500 just half that of the Ontario made a grand total of $2,550,000. Daly production for 1892, so far, has been $125,02L15, in su phides, 334,003 ounces of bullion and $227,255.01 for the value of the ore. Then there is the great HORN SILVER MINE, whose 6teady production of 2000 tons a month has enabled it to keep up its stated quarterly dividends of 12 cents a share. Not more than two years ago Hjrn Silver stock was down close to $2; now it stands firm at $3.65. Certain credit for this satisfactory condi-tion attaches to the business-lik- e - 'methods and good mining methods of the adminis-tio- n and superintendence of the company and its property, i , The cause assigned for this sudden jump does not, by any manner of means, indicate 'that there is an upward tendency or EVEN A STRENGTHENING OF THE MARKET. Friday's purchases are said to have been due to the hopeful views expressed by Jesse .Selignian, special commissioner of. the United State, who has just returned from Europe, in regard to the outcome of the in-ternational monetary conference. While BanKer Seligmaa is a safe and con-servative guide and adviser on matters iiuan-cia- l, it must not be forgorten that there are several things that might or might not intiu-'euc- e his judgment It would bo natural that Mr. Sellgman 'should exhibit sympathy for the white metal. Part of his wealth was amassed through operations on the Coinstoos. lode, in shares and by divers other ways, when he was a resident on the Pacific slope. Mr. Seligtnan, again, is a strong partisan. He was one of the warmest friends of General Grant, and since the great captain vacated ,the White House, Mr. Seligman's views on questions of finance have been sought by every executive of the Republican faith. Mr. Selignian HOPES FOB SUCCESS OTt THE CONFERENCE that is to convene at Brussels on November 22, not alone because it was proposed and brought about by the present administra-- , tion, but the plau may perhaps be regarded as a child of his own. In New York. Mr. Selicman is credited .with more or less of responsibility for this approaching conference. While it may havo no weight in the mat-ter at all, it may be mentioned in passing that Mr. Scligman has a son in Montana largely interested in silver production. Such a transitory thing as a fluctuation in silver, even on the right side, must not be unduly magnified. pleted in the St. Lawrence mine to keep it clear of obnoxious gas. Work is progress-ing so satisfactorily that men can work in almost any part of the mine. Ten-inc- h galvanized iron pipes were run through all the levels down to the BOO and are being continued down to the lower workings. Pure air will be continually forced through these pipes and in this way the mine kept free. A larger force than has ever been em- - ployed there will be put to work. Improve-ments are to be made in some of the syndi-cate mine3 and the men who are laid off there will be worked in the St. Lawrence. The Lexington company is seriously con-sidering the purchase of the Goldsmith mill and adjoining claims. Superintendent Rueger has referred the whole matter to the directors of the company at Paris and is ex-pecting a favorable answer in & short time. Important changes have been made in the water jackets and furnaces of THE BOULDER SMELTER during the past ten days. Work has been resumed again and the smelter is iu better shape thau ever before. This is 6aying a good deal, for the plant is regarded as a model of its kind. While the improvements were being made the shipments of ore did not stop, most of it coming fioin the West Gray Kock. ENTERPRISE WAS REWARDED in the Queen of the Hills mine, where a double-compartme- shaft is being sunk by electric power. When the shaft was down 150 feet a crosscut that was run a short dis-tance exposed the lead that is seven feet wide. The ore assays $20 to the ton. Considerable development is being done MINING MATTERS IN filONTANA Butte. Notwithstanding the low price of silver, the shipments of silver ore to custom works continues as large as ever, reports the Inter-.Vountai- n. There are many leasers who would willingly quit for the time, "but," they say, "we have to make a bluff for our board." The Butte sampling works reports the re-ceipt of about 1000 tons of ore during the month. The Missoula mine is one of the producers that recently fell Into line, and its output is 100 tons of first-clas- s ore. The Eveline is producing ore from two shafts. Their combined yield is 200 tons per month of fine ore, which carries from $15 to $80 per ton in gold. The Ophir is another steady producer, and the Stella ships a vast quantity of ore every day. Good ore bodies were opened last week in the different drifts of the Brtttania. Most of it is silver glance, assaying 175 ounces to the ton. Several shipments of second-clas- s ore have been made to the Lexington. At the Vulcan development of the shaft from the 300 to the 400-fo- ot level is going forward. Harrison & Olds are erecting a new hoist THE ROYAL GOLD MINE and the company is running the mine so that ore can be taken out through it to the mill. Two other tunnels are being driven for development purposes. The lower one will be used as the working tunnel and will be connected with the others by chutes, through which all the ore mined will be sent to the lower tunnel and thence to the mill. Fine ore is being obtained and, besides, the property has lartre reserves. At present the mine produces $500 a day. Adjoining the Royal Gold is the Volcano, one of a group of valuable properties in that neighborhood. A. tunnel is being run to reach the main vein, which is 12 to 15 feet in width. The tunnel is in now 35 feet, and a contract has been let to drive it 150 feet more to expose the solid vein matter. As-says taken from near the surface showed up well in gold. on tne eneriaan. Drifting and crosseutting on the Star West is in progress. A large quantity of ore is being mined and shipped to the Col-orado smelter. The Travonia, owned by W. A. Clark, is producing a quantity of ore. COLORADO SMELTING COMPANY talks of experimenting with a new process by which the tailings of the concentrator are to be worked over. The concentrator now diily treats 250 tons of concentrates. At the smelter a patent furnace, an improvement 1 on the O'Hara, was recently started up. It I is operated by rope transmission by means of Dodge pulleys. A new cruiser and set of rolls have just been added. ALICE COMPANY'S STATEMENT. ' From the annual statement of the Alice Gold & Silver Mining company it appears that of the capital stock of $10,000,000, none has been paid in money. The mines owned by the company are the Alice, Curry, Rooney, Magna Cbarta, Valdamere, Boston, Magnolia, R.i6lng Star, Walkerville, Biue Wine, Midnight, and a portion of the Pay- master lode, and interest in adjacent claims. The company paid no dividends this year. The latest quotation of the stock is 70 cents a share, the number of shares in the com-pany being 400,000. Lienemann Ss Schmidt of Butte bonded a property in the Pitestone district and on which a hoist will be erected. The property has been a good producer and assays re-cently taken from it average $50 in gold vu the ton. Work will soon begin on 400 or 500-fo- c t stack for the Parrot smelter sometime thi month. A new system of ventilation is being com - i li i gon. company, that has other promising claims. South of the Paragon group are the May and Edna. Rich strikes were reported in these properties some months since and shipments of ore will be made to the smel-ter here. As the shut down of the smelting work was due wholly to the lack of ore, there is reason to believe that the management has chanced its tactics and will modify the pre-vious excessive charges that closed the mar-ket against it. The action of the company has been taken none too soon, for shipments from the Belt Mountain mines are likely to increase in quantity and importance. The completion, of the NEW WOLF CREEK ROAD to Barker has made it possible for other mine owners to make shipments. Hauling over that road has already begun from tbo Mortson and Woodhurst mines. Contractors are making two trips a week, taking eight tons a trip. The cost of hauling from the mines to Barker is $5 per ton, which, added to $4 per ton freight rate from there to this city, makes a considerable reduction over the old way of hauling ore by team direct! -- to Great Falls. By this route they are alsi able to ship in larger quantities. THE COAL SUPPLY for Great Falls will be largely increased by the action of the Great Northern road iu making a special rate from Belt. Tbo charge hitherto from that point has been $2 a ton, while from Sand Coulee nearby it was only $1. That practically f.hnt out tha Armington and Belt coal from the market. P. J. Shields, who has a. larire claim i.f hi ' WAS TOO GRASPING. Great Falls, Mont., Oct. 5. After being shutdown for several months, the smelter here has started up five of its roasters. These have a daily capacity of 100 tons of ore. The United Smelting and Refining cora- - pany is believed to have received assurances that ore shipments are to bo resumed short-ly, that will justify it in operating all the roasters, and enable it to treat 400 to 500 tons a day. The stacks at the smelter will like-wise be fired up before long. It Is stated that the smelter "people, who put their charges high, have agreed to make better rates. If this is done large shipments can be counted on from the barker mines. Prior to the washout on the Montana Cen-tral railroad last spring, the output from the Top Hand mine was shipped to the smelters at Omaha and Kansas City, but when traffic was suspended on the road shipments ceased. Onlv one carload has been shinned own at Belt, has bonded several other small-er coal properties besides leasing the Cast-n- er lands. He has begun work on the mine and will push the output. Nevada Mines. There has been a heavy flow of water from the ore vein between the MOO and 400 levels on the Belcher, that delayed work on the upraise till the first of the present week. A little smokeless enuine has just been re-ceived to haul ore out of the Sutro tunnel. Work has stopped on the Eureka mill on the Carson river, and all the hands paid off and discharged. Reno Journal: Captain Griffith, is finding very fine ore in the Trinity mine in the Peavine district. The face of the drift is iu quartz which carries considerable ore of eood quality. A paying mine at Peavine would greatly benefit Reno. Austin Etveille: Superintendent Bray, of the Big Creek antimony mine, after many months of dead work, baa put his force of men extracting ore. The first shipment of many months, of ninety tons, was made last week, and if the price of the mineral will justify, large shipments will be made fre-quently. At a" special meeting of the directors "of the Savage Mining company it was resoKed to ask the directors of the Norcross Mining company to hold a joint meeting with, them for the purpose of trying to arrive at soma conclusion relating to operating both mines through one shaft. Until Montana women refuse to pose for the silver statue which is to be erected by Montana at the World's fair, tbe commis-sioners should not seek the services of Ads, Rehan or any other non-reside- Montana, has woman as beautiful, as perfect and as graceful as ever inspired the genius of a sculptor and aa effort should be mad to have the statue a Montana production aa . much in the beauty of its outlines as in tbo silver of which it will be composed. Butte Miner, i . .... since the line was repaired, but this showed that the returns are large enough to warrant the continued profitable operation of the mine. Owners of the Top Hand and other mines would prefer shipping their product to Great Falls if they could get it treated as cheaply as at the smelters elsewhere. The rate is much higher to Eastern points. A $10 rate was promised, but has not yet gone into ef-fect The rate from Barker to Great Falls is $4 a ton, and this alone will be a great sav-ing in transportation. The ore from the Top Hand is hauled three miles by wagon before being loaded on the cars. Operations at Barker are now confined to the Top Hand, which is worked by a tunnel that is in 550 feet. It is owned, by the Para. 't 1 The veins are all true fissures, varying from 1 inches to 75 and 100 feet in width between granite walls. The vein matter is quartz or quartzite. The Aurora and some others are classed as "contact fissures." The Aurora is twelve feet wide, with a pay streak of twenty inches, carrying argentite, 6tephanite, sulphide and galmite. The bet-ter quality, assorted, gives assay returns of 400 ounces of silver to the ton, and the in-ferior selections 100 ounces.-- There is some calcium, and the owners thereby anticipate striking chlorides when sufficient depth sbail have been attained. Frank J. Fulton has been in Denver with the view of engaging capital for an interest in the Aurora, of which he is the owner. The vein has been traced a distance of 3000 feet, covered by the Aurora and Nancy Belle extensions. The property is admirably situated for de-velopment by adits or tunnels, with an abundance of timber and water near at hand. Mr. Fulton is arranging to explore this lode to a depth f '2o0 feet, and is conn-den- t of making a great mine as soon as it can be methodically opened. The only productive group in the district at present is owned by William Wallace. No shipments of ore can well be made until the county wagon road shall Imve. been put iu good order. Tbi the commissioners have promised" shall be done early next spring. On the Lake fork of Clear creek '.he Belle, owned by J. J. Miller, Is ready to ship, but awaits the completion of a smelter which he is building at Rockdale. The prospects of the camp are exceedingly favorable, and may be expected to cut au mportant figure in next year's product. C0L0RAD0JlA PLATA. Denver, Oct 5. At the head of the south fork of Clear creek, a tributary of the Ar-kansas river in Chaffee county, is a belt of mineral veins which, under recent develop-ment, give extraordinary promise. Among the located claims is the Aurora, situated about fifteen miles from the Rio Grande railway station at Granite. The manager of that line has indicated his willingness to construct a branch' fron Gran-ite to Winficld, three miles from the camp, whenever the miners can assure him a car-load of ore daily. The district, christened La Plata, was ganized ten or twelve years ago, and at the present time contains about 75 voters. In 1S1 it enjoyed something of a boom and considerable capital was invested then-Owin-g to its distance from railways and markets, no large quantities of ore were produced. part of it and the most expensive to build comes near the end, but it is thought the road will not cost to exceed $1500. Some of the miners are working on the further end of the road. PORTLAND'S SMELTER started up again after an enforced idleness of some time through litigation. It is lo-cated at Linnton, just below Portland, and is now being run by a recognized company. The 6melter was blown in last week and is making a successful run, using thirty tons of ore and turning out senen tousof bullion a day. The company ha 1000 tons ef ore on hand and & further supply contracted for, and expects to keep the works running con-tinuously. A car load of ore it to be sent to Denver from Baker City that came out of what is regarded as the richest chute ever discov-ered in the Quartzburg district, in Grant county. It is reported that the Kay Digger gold mine, owned by Uolcomb it Fuller, located in the eastern part of Union county, has been bonded to a Chicago companv for $20,000. The Weatherby placers, on Chicken creek, that have been worked for over twenty years, cleaned up $10,000 some time ago and the final one this season is anticipated to add $13,000 more gold. The placers are easily worked by a force of half a dozen men. A big strike is reported in the Monument mine, in the Granite district, Baker coun-ty. In running a crosscut tunnel a three-foo- t vein of ruby silver was tapped at a depth of 1300 feet. This mine has a mill on the ground and will begin crushing at once. OREGON'S OUTLOOK, A proposition has been made by & New York syndicate to purchase the interests of the Virtue Mining and Milling company iu Baker countv. aud proceed with operations where the latter company left off. The company want to start up the mine at once, so as to get under way before winter set3 in. Dr. Meseroll will either accept the proposi-tion or proceed with the work himself within a short time. TLACERS IN EASTERN OREGON have turned out very well this season. The final cleaa-u- p on the Klopp & BaUley pla-cers, on the North fork of the John Day, is now being made aud big results are counted on. The Crane Creek diggings have also turned out handsomely. THE COLORADO MINE, situated a few miles from Prairie City, is making a 6plcndid showing, and the five-stam- p mill is kept constantly at work on a good grade of ore. Arrangements are being made to ship a carload of concentrates either to Tacoma or Denver. These concen-trates assay as high as $1800 a ton, and will average $1000 a ton. This ore goes about $10 a ton in free gold. There is reason to believe that a Montana company will TAKE HOLD Ot THE CABELL MINE, or Bellevoe, as it is sometimes called, in Grant county. J. H. Parker and other own-ers of the property have taken steps to have it patented. That is regarded as a" confirma-tion of the rumor that the pending negotia-tions have been or are likely to be brought to a successful issue in a short while. The Bellevue is a big silver proposition and has been worked for nearly fifteen years, a large amount of Baker City capital having been spent on its development. A new Tremaine or prospector's stamp mill is about ready to start up on the Hurdy Gurdy mine, in Baker county. Work on the mine of late has put it in such shape that the indications are flattering. ROAD TO BLUE RIVER MINES is beinjj pushed ahead rapidly. The worst |