Salt Lake Telegram | 1905-06-19 | Page 7 | Golden Ray Group is Now under Bond

GOLDEN RAY GROTTP IS NOW UNDEE BOND. " - ' " ' Capt: T. F. Singiser of this city. Who Is one of the principal owners of the American Flag mine at Park City, has taken a bond on the West Mammoth and Golden Ray group of eleven claims that adjoins the Centennial Eureka ground and Is owned by Capt. Hugo Depreiin. One of the stipulations of I the bond is that work shall begin before the first of July, while the payment called for In the final taking over by Capt Singiser Is $150,000. The property Is one of the most likely propositions In the Tlntlc district, and It is reported from Eureka that the United States Mining company has been'after the property for some time, and if for any reason the present option should explw the United States crowd stand ready to take it up. METAL MARKET. O . ' . Silver Is quoted at 4WSfce this morning on the local market: cop- w 0 per castings at Wo and the electro g) at 14 7-16r. with local lead com- (1) mandlng $3.60 per 100 -pounds and W ffl New York Is settling at 64.50 per (J) 100 pounds. MINING NOTES. A strike Is reported In the Diamond and Nlmrod property at Park City, which ad-Joins ad-Joins the Daly West and Daly-Judge properties. prop-erties. Lorln Morrison Is In from Beaver county coun-ty to meet his brother, who came up from Loa Angeles on the excursion. Lorln says that everything Is progressing very satisfactorily sat-isfactorily at the mine. Ore and bullion settlements for the week ending Saturday were only $458,700. as compared with $523,400 for the previous week. , On July 1 work will be resumed at the Raymond , mine, north of Eureka, and shipments will likely follow In a short time. . . " Shareholders of the Contlnental-Alta Mining company will meet In annual session ses-sion in New York July 16, when It Is thought some business of Importance., aside from the routine work, will be transacted. Some 'samples of ore have been sent In from Hlko, Nev.k that reveal the presence of values of 66 per cent lead, 2.8 ounces silver and $4.20 gold per ton, with small values in copper. J. B. Brown came in from Goldfleld this morning and reports sorrie Increased In-creased activity In that section among the gold producers. Three cars of crude ore reached the yards of the sampler this morning consigned by the Uncle Sam Consolidated. Consoli-dated. Engineer Home Is expected to return from his pilgrimage into the mineral field of Nevada this evening.