OCR Text |
Show THE HERALD-REPUBLICA- SALT LAKE CITY, UTAH, SUNDAY, MARCH 12, 191G N, EXTRAORDINARY ACTIVITY IN MINING CAMPS CONTINUES ALTA MINES PREPARING FOR BIGGER YEAR; 1916 PRODUCTION SOUTH HECLA NOTES bn b-- U bn 40-tc- The same directorate aa that of tho South anl the Extension are in th newly Incorporated Mine company. It has l.OOO.Oou ahitof 10 cents par value, with "OO.uOO in the treasury. Th property adjoins the Albion on the south and. Mineral n.it on the north and has shown some ex cellent values in old working", eventually It will ho opened from a drift from the South Hecla Extension. Good progress Is reported at the Albion, where the raise near the cave la pushed up and the drift out to being the oast la making for the Greely fissure. It la estimated that the fissure should be cut In 70 feet. The ground Is up and looking promising. softening Thla work Is 1200 feet perpendicularly underground. weekly progress Is reSatisfactory from the Alta Consolidated, ported Toledo. west Wasatch Emma Mines and Michigan-Utah- . Copper.The latter haa been shipping some better ore to market the past lew weeks. aa soon as most Work be of the will snow started has disappeared liom around the portals and cabins of u number of other properties. H! Alta-Gerrr.an- ia - FAIR WEK'S WAITING TRADING WORKING FORCE AT ONCE; IN INTERESTING GROUND Supt. A. C. Nebeker of the Lonora Mining rompany was up from Hearer county yesterday and say that he will return today and double Ms operating fore, lie Is now working In two places. Th- - north drift from the shaft Is out 1000 feet northeastfrom th shaft. The face Is about erly A 439 feet vertically under ground. abort time ago this north drift alongr. a fissure encountered an east-weThis Is one to six feet wide where prospected and is all In iron with ft small amount of silver. It Is estimated that the parallel monzonlte dlk Is about 400 feet to th north of thla face. Thla strikes for more than K.-ner- , of-Mr- lal 100-fo- ot fls-ara- st 283J feet east-wethrough the Leonora, and in taken as the mineralizing asency. Contacting It en the nortr? Is the main fissure) with th principal Itme member to the north. Good values st have been found In both the dike and fissure In surface workings above the Th present work. At 15 to 2 feet the 7 13.2 to fissure showed pr cent sticents gold and 2.3 ounces rtn. ver. Picked ample ran much higher. to the dike are all kinds of evidence of Its metamorphlc Influence. Kaok of the present work In the ha been started north drift a ra! and of eaat-wethe at Juncture up north-sout- h lt This Is -- Nr st up fissure. values In feet and still show some with some sine and leal principally under stiver. This Is almost vertically twenty-fiv- e th old glory hole, where considerable It Is said that ago was found and shipped to mar- year ere rth ket. TACE MINERALIZED HEAVILY CONTACT CO TEET AHEAD COTTONWOOD-KIN- G reOfficii! rf the Cottonwood-Kin- g on of their miners. Thomas Wig Ford, came down yesterday from that Cottonwood canyon withIstho word minheavily th face f th tunnel eralized. Th face shows etrlnftersap-of holes Iron with carbonates and hug now and then. It Is estimated pearing th quartilt th contact between that ilmeston Is not more than thirty and fet abad. A fore of five men Is working. The adit la now In 1330 feet. BOSTON CURB wer re- Th ov following r Hro.' p rlvat wire: r Wad g quotations eivd port tht Bid. Boston Hlv Fgi Utah n11 flouth Bingham Mine .jJ -- oraioo I r-la- od ad-Joini- ng Ihl Ior " .!! Uv-?- r VENDS SATURDAY'S SALES. BV THE AMERICAN MINES Ask. I .4S 40 1'ti 1.87 .33 Below Is a list of th principal mining companies of America which paid .......... '..'32 ill .SO M.e.i out dividends last month. arid STATE NATIONAL BANK pr i!o ..... Tho invent banking quarters of tbo Utah Stato National Bank will bo thoroughly re- Llkton Con,, Colo. Cyol. Colo. .. M vised to ombodj" ovcry nioprn Golden Granhy, IX G Me. IV, Graene-Canana- banking requisite. Habr J. Qr.nt. T. VI a, Heola, IdAho ornrai: frcrt?" Bmlth. Y. rr-S.U-..- Wadger, Vic I'i itodnsyT. McHwan, Cah!r. Usnry ld. t.t. George It. B'itlsr. Assistant Cashier. ......... ...... :il .es ....... 1.59 .01 HoUlncer, Ont D Ilomestak, a,Nickel International preferred Nevada, . Hiii Butler, Vjew, Utah .... I.uokv TJuur, Mex. t May Pay. Utah. Miami. Arli. t National ir.3 U Lead, Missouri .. Prtnc Con.. Ner. ,,,, He re to a Gravel, Cat, .. Faneca Fuperlor. Opt., Houth Eureka, Utah . Htandard. B. C. t United Vcrd,ft. AH. . Wap Xo, 3. D, , WUbert, Idaho Ik 3i DIP.ECT FBI VAT E WIRES. Etockf. Eonds, Cotton, Or ale 9 9 BADGER BROTHERS BROKERS Main St. rione W. Members Salt Galas; 96-94- 7, Iik Sttc al e. WILL BUY 4 Con, Btat N'atlocal. f Utah Wagon . ... tftA.S9 WILL SELL :o &9 100 I'i) tiuar-ila- It Caaualt;. ..... , Guardian firSurtr I'rocC Utah-Idah- o luron Dual uunrm:u, HaJN ftret. n tnnr.it 140 H, Hub 15.T5 le.f.'y 15.03 9 50,000 30,000 480.800 mm 183,134 138,889 17.189 11,3(0 24.000 09M91 Ionoro, 5000 at 31c. 60 at lfjo. May Day.1000 nt 80. Palomg. fconth Hecla. 100 nt 82.52J. Plonx Con.. 1000 at 101c fllTT Kin Con.. 100 at 13.80. Tlntlo Central. 880QT at 600 8o. 8c. 3000 nt lc; Tar Baby.2000 at nt 12o. Wllbert. Shares sold, 75,360; selling value, $18,189. Week'a totals! Phares sold, 805,3(38; soiling value, f 150,721.64. 705,000 ....... 1C0 Alta Tiger. 500 st 3c. Albion, 106o at 23o.1000 Am. Con. Copper. at lie. Beck Tunnel, 1100 at 18e. Blsr Cottonwood, 200 at 41c. Cedar Talisman, 500 at 6ic Columbus Kxtenslon. 600 at 131c. Colorado. 600 at 22o; 1500 at 211c. t at 17.80; 5 at $7.35. Cardiff, 400 at 65c; 100 at 54c; 100 Emma, at B60. Galena 2000 at 61c. Grand Central, 100 at 75e. Keystone, 10 at 371c May Day. 300 at 17c. Mineral Flat. 3600 at Bic, Ohio Cooper, 460 at 20o, 4500 at Go. plocho Bristol, Paloma, 1000 at 7c; BOO at 80. Beeds Peak. 7000 at 171o. hloo Wellington, 500 at 35c. at 59c Rochester, l600 Floxig Con.. 600 nt 10lc; 200 at 11c. Tlntlo Central, 0000 at Slo; 1000 at 8eTentytwo American mines works paid dividends during tho first two months of th year amounting to This compares with 114,119.179. In the earn period In 1015, 113,- HT.SGJ In 1914, and 115,001.786 In 1013. Th neventy-tw- o companies In the 1619 disbursements participathave paid ing dividends since incorporation totaling Amount. Amount. share, paid. Aiasita Treaawen, .73 Alaska 1150,000 8finlon Chief. 1000 at 8c. ....I WUbert. 2000 at Alaska Alaska unitea. . .3) West Toledo, 1000lljo. at !c; 4000 nt 7c. Amparo, Max, 'irlsC.' .60 .18 Yankee Con., 400 nt 32c. 173.581 Arizona Copper. Bunker Hill Con.. cl.. .021 100,000 OriSN BOAnD. Bunker Hill ia SulliCOO at 24o; 6000 at AU& Con., 81.T50 3500 :Je; van. Idaho P at 23n, A8.100 Caledonia. Idaho .... .02 33C 600 at Albion, 15.000 Center Creek. Mo. ... .1ST leek Tunnel. 100 nt I8I0. 3.00 500.000 Mich, Champion, Jedar Talisman, 600 at flic Chief Con.. Utah ....- ,C3 48,853 Dragon. 500 at 28Jc;. 600 at 20ic Colorado Gold Dredsat 3c Iber, J0OO 1. on 200.000 Irtg, Colo. Iron Blossom, 800 nt 91.731; 100 at .2.1 800.000 Conlaga, Ont, ... 18,-701.1- 01 Joseph r Daly-Judc- Fork-Cot-tonwo- .10 .or 'I ,0t .01 .03 TJJlLIBTnn STOCKS, In curb Issues yesterday was Interest 50,600 not so Th sal en and pronounced, were clotting quotations reported as Ml follows: 50.006 45.009 Alia wiq. Cent..,, Beaver Gold . . . . . 11.80't Bull Valley 10,000 Cardiff Kuteneion 8.000 Demijohn Consolidated tt.OOO IN FOR WhI!o the volume of business on the Utah stockholders In the Ohio Cop- mlnlnsr exchange the past six days will ?er Mining company who had81 the nerve a share unflinchingly meet the not compare with the two previous assessment, $1 to after having (aid "bconi" hee.vy weeks, yet placed along- $2 for their stock, and now eeo the 19 side of only a. few months back it is same stock selling at cents a share considered very satisfactory. That have filled practically all the "shorts' and Inth market accordtiurlngduth lull, for a riso the opiningly ion. considers that Neatly everybody the bottom has been reached, wnlch If that Is the ewe. following an Immutable lav It must ro as It cannot lontc stand still. upward, In yesterday's fair trading the producing and dividend list continued favorites. They held most of strops calns their of the week. These were Grand Central. South Hecla. the two Silver Kings. I'rlnce. Cardiff. Iron Blossom and others. Alta Con. reached 25 cents and WUbert closed at 12 cents yesterday. Sales totaled 7D.3C0 shares, valued atyesterday 813.13&; for the week. 805,86 valued at 8150.73.64. shire, with the previous week of compared 1.717,719 shares, valued at 3:38.203.75. The closing quotations and sales were reported as follows: I Bid.' Ask. .24 Alta Con .22 FORK Alta Tiger E .03 .02J Albion .221 .221 .10? .11 American Con. Copper .12 Alta Tunnel .111 Beck Tunnel .15 .IS . M GER CONTEMPLATED Wncham .10 Amalgamated Black .lack .ini .101 1.10 1.60 Bannock Gold .021 Beaver Copper .031 Cedar T:xton9ion .064 .0fi .07 MOUNTAIN LAKE IN IT Columbus Tallyman .14 Kxtinslon .... .13 .22 Colorado Mining. .211 .n Crown Point .001 7.00 8.00 Cardiff Further details of the meeting cf Croff .10 '.'75 1.20 Mountain Lake directors In Provo are Palv o 8.00 8.50 that this extensive American .27 Dratron Con .30 B. Crown Point .02 .011 Thor Mining K. property, th .03 .02 Tin tic Con company and the property of the .01 .011 Fastern Prlnco Great Western Gold & Copper Fagle & Blue Bell 1.70 l.fiO Km ma Copper .57 .55 Mining company may bo merged in the Gold .26 .30 near future. The "Great Western GrandChain .72 Central Mines" will probably be the name. .05 .05 Galcnn Miring 1.721 1.73 Th company will have a capital Iron Blossom .03 .021 Indian Queen stock of 1.500,000 shares of the par Keystone .36 :li valuo of 10 cents each, of which the Kin William .oil .09 .15 David Mountain Lk company interests will Xlntc Tlntlc .02 .011 receive 00,000 shares, the Great West- Icad King .03 .011 .03 ern Gold &. Copper Mining company Ionora .05 .07 Mammoth com S00.000 share., the Thor Mining .05 Monzonlte .02! 250.000. be held Miller Hill and 250,000 will .30 pany .231 as treasury stock. .21 .15 Monatalre con to This Is .70 Mammoth .17 on the partsubject .17 firmationagreement of th stock May Day 3.00 4.00 holders, and meetings cf the stockhold Mason Velley era of the several companies will be Mineral Flat .05 .05 .07 called for the purpose of taking the Mountain Lake . SI Nevada Hills action. required 11 The proposed new company will have Nalldrlver .iv n territory of about 170o acres, and all hlo Copper .20 .03 .031 the have Interest Ooohongo Floche Bristol .05! .07 In thmerging Snak companies Creek Mining A Tunnel Plutus .10 .13 of the new comcompany. 1.17 1.20 be throueh the Snake Creek Prince Con pany will Ievelcpmnt .OR .071 tunnel, and will be begun on the Thcr Paloma .174 Heeds Peak .18 which Joins th tunne". The Hlco ground, Western .051 haa a tunnel near Blco Con Great .341 .36 Wrlghton and the Mountain Lake has a RexallWellington .13 .1J tunnel a mile and a quarter la length Rochester Mines , . ?9 .61 on tc snake creek side or the prop f'even .02 Troushi .01 rty. Coalition .... 3.25 3.40 On th Cottonwood aide copper Kllver Klsr Con 2.821 3.00 King or w& Big th from Plou-property Con .10 .11 while it washipped Senator , 2.521 2.53 operated by Hecla fouth J. !. Rawlins being and associates years ago; .04 Pllrer Shield on account of Tar .OS . suspended .b.ut work was . Bahv .01 in iow price or copper. Tlntlc Zinc .00 Tl Brooklyn Sal. .08 .08 TIntle Central The directors of th Wrooklyn MIn United Tlntlc .02 .12 Ing oompany at a meeting held yeeter Uncle Pam :?? to sell th prop Utah Con .03 day afternoon agreed four patented claims between the Tnlon Chief .0 .0 erty. Klack Jack and the Dragon Consoli Victor Con .04 .041 dated properties, to the Dragon Con WUbert .12 HI .07 eolSdaUd Mining company, for 125.000 West Toledo .074 .03 shares cf tha Dragon Consolidated Iron King .32 ".33 stock. This la considered very valu Yankee Con .03 .05 abl ground. Th action will have to Ibex .To .001 Bowers b ratified by the Brooklyn stockhold .01 Provo ers. .. ., .049!. Century .... .0111. Pouth Iron Blossom .03 .05 Brooklyn .. D N FEBRUARY uu ANlUSLi WHAT ONE LITTLE UTAH MINE HAS DONE; LAST WORD FROM EAST I LEONORA TO DOUBLE MB HO COPPER E FAVORTES DURNG INCREASING; FROM ALBION AND OTHER ACTIVITIES road up During tM past week th to hav Little Coltonwu canyonamount of ort a small b2 thati only .Jown from th mines r;!p?.J bajAilft. Wat th weak wftund up with at in iiujh rennw the roads hardeningIdeal th that It Is rec-e.and th wsather ri rood to make 3 fairly expectation this comtnrIhwk. shln-nnSouth Heel In January J9, totaled 60 ton; 213. February. 4 month. and o far this flouring ton to the car. General Minnftf Oeorg IL Watson that of th South Ilacla said are yesterday a good as the mine conditions in K eo u 1,1 ask for. and th temporary of th or to market by poor rnecking th only rtrwbfk of read hat tn wack. Th rrevlou week South aent out 160 tons and the week JIcla In the week Just past 10$. while tsfor one n ear was moved off to mly la develmarket, However, the aean for a heavy satisfactorily oping moat in th Immediate) future. tanne The work of driving from the Qulncy leva! to the South Hecla Extension Is good progress under the stress tasking f power tlrtlU. SSUS PRODUCNG ... . ... . .. . . 1 Ask. IK .04 ,04 .07 .84 .09 .011 .88 .111 . under the depressing Impression that the mortgages may finally swallow the entire property, leaving the stockholders out In the cold, or have to meet assessment of 50 cents to another are vastly interested in the item her-$1, alded from New York that another Is in the wind. That Ohio Copper can make some with copper commanding 25 to profits 28 cents a pound is the general opinion of western men who know the Bingham mine. If there is any profits to be made out of it the stockholders think tho company should get the full benefits. At present the mine and mill are lease, working under the Exploration 20. That somewhich will expire May thing definite will then be done is gendally erally expected. The present the Mascotte tonnage to goingLark through 2000 Is to 2500 mill tunnel the tons. This Is said to average near 1 per cent copper, or twenty pounds to the ton. The extraction is said to.be about 50 per cent. The followl-from the Boston News Bureau of March 8 contains a little more Information on the subject of reorganization: New York lawyers may make an attempt to reorganize the Ohio Copper company, which failed about Mining two years ago. At the same time the Bingham Central Railway company may be'brought under control. of a new company formed to take over the assets of the two corporations. Bonds of both the Ohio Copper Mining company and the Bingham Central company figured prominently Railway In loans made by the late F. A. Helnze. The operations of these corporations were very largely Interdependent, as the Bingham Central owned and operated the Mascotte tunnel, which ran beneath the Ohio mine and which all of the latter's ore through was hauled. few months Ohio has During the pastunder been lease to a coroperating poration formed for the purpose. Terms of the lease provide for the payment at least of sufficient funds to meet Ohio's bond Interest. Heinze Interests state that more than $100,000 has been paid over under this arrangement. High copper prices have made profits possible. Unsatisfactory results formerly resulted In a cost of not far from 17 cents per pound of copper. so-call- 14 MONTHS FROM ,,,, re-eelv- ed ..? ': ........ ...... -,- ,,,,,, ,,,, ....... l.7 ....... .... a OTHER . lf $25,-00- Og-de- six-fo- N ot r, DAVD INDIAN la-rg-e QUEEN WILL START WORK II Work will be started within two weeks In two Beaver, county properties by the Knights and their Salt Lake associates, according to Lorin N. Morrison, who has returned from Provo, where he was in attendance at the directors' meetings of the King David assessand Indian Queen. The ment, on King David will bring in a working fund of $5000 and that of I of a cent on Indian Queen, $4000. Both properties are equipped for immediate work.. They are two of the largest mining properties in th state. The King David embraces approximately 1000 acres and Indian Queen 500 to 600, all patented. , The expectation Is to start a new shift on the King David about 200 feet west of the Horn Silver boundary. This Is on a prominent east-wefissure which recently presented a sensational strike near the King David line, and is said to have netted the lucky leaser $15,000 cold cash. There Is a large zinc west side which will be deposit on the This samples 30 per cent developed. across five to six feet, is the report. The property lies along the railroad to Frisco. The Indian Queen Is further north, and adjoins the big Black Bird mine, here will near Newhouse. The work ore bodies consist of going Into the set of leasers. A face left by the last level reof three feet on the 40 per cent lead and 40 sampled cently ounces sliver, is the report. st ot QUEEN CAPITAL; PHYSICAL CONDTONS ZUMA OTHER GROUPS Stockholders of the Fortuna Gold Queen Mining company held a special meeting the past week andto voted an the capIncrease- of 250,000 shares value and reduced the par italization 10 cents a sir! from 25 conts to stock from 600,000 This Increased theF. Eberhardt is presto 750,000 shares. ident and B. F. Caffey Is secretary of the property. R, II. Strickland, manager of the is up from B'eaver at Fortuna,the propertyand property in exreports county cellent shape. feet The Gold Queen has a shaft sixty sent a drift has been deep, from whichfeet. Some fine quart out about fiftyvein matter haa been In sight in most of the workings, with gold showing In all the assays. The free gold is found associated with the decomposed porphyry and the the black cube Iron, which make insamAverage quarts ganguo matter. The drift Is ples $15 to $18 in gold. now bethe face fast, depth gaining under120 115 feet to vertically ing ground. This work Is not more than 100 feet from the Bhaft, whloh the United States & Refining company started Smelting to sink on Us $150,000 leased Lumrey Fortuna. people and Moore are looking property. to for tho summer of 1916 a camp county give this new Beaver permanent place on or the map as a steady producer of bearing principally the yellow metal, - Treasury stock of tho Zuma Mining company Is to be sold to provido a fund for the development of working this property and It Is generally understood that the entire allotment will 0 purchased by local people, who have in that section of the disgreat faith trict. The price has not yet been fixed a number by the directors, but alreadyfrom of requests for Information buyers have been received. The Zuma claims are in the eastern end of the district and there is not only a favorable surface showing, but excellent Indications In the shaft and drifts. The company la quite well equipped for a of development work which campaign Is to be taken up Just as soon as tho snow leaves that section, thus making It possible to haul supplies to the ground, H. IL Buckley says that since taking a lease on the ICast Tlntlo Development disIn eastern of the end the property. has mined and marketed a trict, ofhe eleven carloads of sslnc oro. A tctal this ore was taken from the portionatoftho mine, but th bulk of It dump cams from the older workings at the where a force of about six property, men is now being kept busy. The tlno ore from his property runs S3 to 28 per cent and anywhere from while all of the deposits aro rather small, there la a nice profit In this class of ore, Ore from the East Tlntlo ment property Is hauled by Developteam to the canyon siding switch of the lUo Grande railroad and while tho wagon roads have for some time been In bad condition for ore hauling, the sunshine Is fast cutting the snow out of the mountains and putting the wagon roads In better shapo. Mr. Buckler is confident that som to be mines are on the big linn not inrl whllo he found "east side" andgoing a chance to learn the extent of the new discovery In the Tlntlo Standard, which th East Tlntlc Development, adjoins he understands that the showing is in tar tn best mat nas ever existed by proa-pectl- ve OR IN GOLD CHAIN IN NEXT TWO WEEKS Good progress is being made with the development of th Gold Chain to W. D. The mine, 200-fo- - EXPECT HIGH GRADE PROPERTIES Parties who came flown from the Texas mine reported that the men In the upper tunnel have cut a porphyry dike in the lime that is liberally impregnated with lead, says the American Fork Citizen. Before prospecting along the dike, however, the men will raise to connect with the shaft, which also discloses some most promising ground. The lower tunnel is now in about 900 feet and is nearing a Junction of two fissures in the quartzlte where Charles Tyng, the manager, counts on making his big mine and where he expects to obtain the $50,000 with compound Interest that he has already put Into the All the workproperty's development. ings irf the Texan are well timbered and of .sufficient size to be used for purposes when the ore is struck. mining No better mine work has been done on any property in the state. Harry Kruse, the superintendent. is more than ever pleased now being made. with the disclosures The directors ordered Nicholes to clear the deck forManager at once. A. force of miners will beaction employed and a stock of tents and roino supplies have been ordered for early Work for the present will delivery. be confined to extending the old tunnel that is already now in over 200 feet from the portal. Some of the best copper ore in the" canyon came out of this property and a greater depth is counted on to produce a body of it. Start the- Other. The commencement of work on the Alpine-Empir- e is having an electrical effect in the southwest section of the district and ten or a dozen other properties, including the Silver Flat, Mountain King, Stewart, Deer Creek, Eta May, Milk Maid and Wasatch Range are waiting for the snow to leave so that they can get into the trenches. Tho Wasatch will have men back into Range the tunnel probably before the Alpine-Empifull action. getsoreinto really Th Bay is found in what State is known as the No. 6 tunnel lies in a lime bedding. The face and of the drift Is now about thirty feet from a cross fissure and as this point grows nearer the ore body increases in size and will probably develop into & good chamber. Tlie contractors now have the lower or Kelly tunnel In a distance of 120 feet, with 60 feet yet to go to complete their contract. The lime is getting softer as the porphyry dike is about to be encountered. The a big cross fissure, is objective 120 still aboutpoint, feet yet ahead. re - SEVEN TRlUlSGOING DOWN TO ot 1 re-celv- ed I .0 DIVIDENDS st ? ...... $95,000 SHOWING IMPROVEMENT f 1600 LEVEL Seven Troughs, Nev., March 11. Lat,03J Yellow Aat. Cal. ,. est reports from the Seven Troughs .061 Hup .10 Yellow t'lB. Nev, 100,000 Home . are that the winze from .83 Coalition mine MIohlgan-Uta- h 1500-folevel has been the south .03 New Qulncy NEW YORK CURB QUOTATIONS Neva in ore. This Is the ore shoot started ,01 Th following quotations were .85 K. Silver that has been opened up along the 1500 over Badger Bros.' private wire: O. Extension .... .10 at times to two feet Paloma level, breaking ratal that mine, L.35 of $b00 ore. Fluma DldTT Ask."" Rico :tt Development in the Coalition is con Argentine Chief BOSTON COPPER RANGE cerned chiefly with reaching the 1600- -, .00 .01 Copp4mInes Pantaquln .001! .01 OS foot level, where Indications point to fantaauln King The following quotations wore Fraction s Sttlis sett .48 t .50 over Badger Bros.' private wire: an enlargement of both the north and Goldfleid Consolidated ,,. a south ore bodies on the 1500 .10 1.81 Secret Jron Blossom , The bird wftize is 100 feet below the .03 jSharest High, Silver Gulch Close. .021 .37 .84 extension 1500. but the station for the 1600 Jevel fc S..I Mason Vallay .18 1.60 3.S0 Po'ith Hecla iZx, 00 96.00 Butte &30'98, 0098. Houthern Swansea .001 will not be cut for another twenty-fiv- e 1 .45 .03 Chief Ccn... lOOf 1. 45 Montana Tonopah 1 . 45 ,25 :ll Walker .70 .75 Davis Daly. Corper 60 .30 1.871 Mlspah ntni!on 1.871 1.874 feet.has Bullion production for .56 Naratcii Mines ,, , ,. . . . .58 K. Butte ... Nevada JXUla .13 285 13.50 13.00 13.00 .18 .11 been curtailed by reason February of extensive Tlntlc Standard . . . . . .13 NWth Star ... .18 .97 1,000 ,9.ri .96 Majestic :U carried on. With a .06 Ohio Copper .051 exploration work .30 Klmberly Shipper Nev. Doug. . C.850 1 .00 .95 .95 Stewart .31 ,. tonnage now blocked out and ... .S3 large 30.50 1.17131.00 N.Butte 30.50 SAT.KK. certain the company will bend Its ef2mma Ccrrer U. K. S. com. 11. 430(71 . 62i 70.50 j70.f0 .65 500 at 33o. Miehlgan-rtah- . forts towards increasing the bullion anarch Mints .50 .76 50.7o Preferred 151.00 431j51.00 1000 at lc. to make up for the .drain on Santaquln King. . output .03 .04 Big Cettonwocd Con. 90115.00 115.00 Utah 600 4Sc. i5.i Sells, at to be caused by the first the . treasury 4.37 4.50 Kx:nslon 4.73 Torjopih Utah 4.50 3,454' 4.75 Apex .. ". K. Silver, 300 at R5c. of 1916, which will dividend .7X West ETnd .70 quarterly 11 Met. 110.374 Utah 1,104:11.00 .00 be raid April 1. Plumas, 5t0 at 31.371. to 2J cents Utah Securities Notes.... 35. 6 j 97.50 amounting U. Verde Ex. 1.81&) 1 7 . 12jjl 6 . S7j 16.871 South Hecla Extension, 500 at 17c, a snare. ........... ..... PAID D and a little silver. About 300 feet-oyesterday It was Just one year agowork was work has been done there, where a that actual development drift is following a vein in and has started on the Lakevlew Mining comunder the personal su- 100 to 150 feet of depth. pany's property S. Arentz, consultIn the main zinc workings a tunnel pervision of Samuel run the mountain. It short time has been ing engineer; who had a construction trend. Here the ore has an east-we- through before finished the rapid of the interurban line from Salt Lake has been developed to a depth of 350 feet vertically and 600 feet on the dip. to Provo. on the ore shows deepest workings A. President W. Perkins The Yesterday is down it strongly. continuing was in Salt of the Lakevlew company Lake and said that in. that period the Opens New Lead Depoalt. company has shipped out 126 cars of In a south drift from the main level ore estimated at $200,000. paid $95,000 lead have come in and this in dividends and besides has, fully work sulphides been stopped for the preshas equipped the little mine, which is vir- ent, as in these workings the zinc the middle of the Great Salt right now is the main factor. Galena tually in Irfike. In addition to the company pro- is in this vein, which is three one-haduction, leasers have shipped approxi- andshowing feet wide. This will be 1000 tons, probably worth 0 developed mately the company later, although more. The dividends have amount- has recently marketed four cars of its ed to 19 cents a share on the 600,000 lead products. is shares issued. Next month another, a boarding The finishing 4 5 this of to 100 will be paid, or house company cents, accommodate which will $20,000 to $25,000. The company re- men. At present eighty-fiv- e men are tains a cash surplus of $16,000. employed. Their wages have been reThis Is considered one of the most cently increased to $3.75 and $3.50 a ever made day. remarkable records mining in Utah. AH in fourteen months from It is expected that the Western Zinc the original location of the ground. company ten to twelve cars of will Many Utah mines have struck into big- ore from Its ship block in March. leased ger and richer ore deposits, but from The company will ship twenty cars. g to dividend-payinand Infancy ore brings about $2000 The producing in a little more than a net acompany fifty-to- n car of 30 per cent zinc maturity is seldom In mining, par- ore at Saline station. Other year leasers equaled lower-priced ln the an excellent showing. Many are ticularly metals, making as such zinc and lead. Such records new companies have been organized are what make mining Irresistible on the Promontory and to work every person open to at least one point andproperties lay for a dozen miles northward bad attack of "mining fever." into Box Elder county. n President Perkins said yesterday that At the annual meeting held at the newest thing In developments the is officials of Friday following a recent ' lead strike In the .South Hill the Lakevlew Mining company were This is 1500 the chosen: ground. W. A. Perkins; vice main zinc workings. Afeetfrom vein president, President, secretary-treasureSamuel S. Arentz; has been opened in the contact beK. L. Farr, who with C. L. tween the shale and limestone. The Farr and James Wotherspoon make up face samples 18 to 20 per cent lead the directorate. years, says corporated a new company for the dethe velopment of ground which adjoins Rethe Eureka says Sharp territory, porter. This new corporation is known as the Queen Isabella Mines company and the capitalization has been placed at $50,000. divided into shares of the of 6 cents. each. parMr.value Caldwell Is the president of the new company; S. R. Thurman la the and treasurer; Dr. Alex. Ray secretary Irvine is the vice president, and these with Daniel Caldwell and Bert Thurman constitute the board of directors. Fourteen claims are owned by the Isabella Mines company and Queen these claims are traversed by the same vein which has made a producer of the tnlne. Sharp Mr. Caldwell, during the time that he has been at the Sharp lease agreement, has mine under aoperating In the neighborhood of fifteen shipped carloads of ore, which brought anywhere from $15 to $20 per ton. The values were In lead and silver and the same class of ore under existing prices of these metals will be good for about $25 per ton. During the winter months Mr. Caldwell has mined about 100 tons of good ore, which will eoon be sent amount out, in addition to doing a of development work. The wagon road to this mine- from the main leading of tho Salt Lake Route Is now In line suoh condition that ore hauling is enout of the question, but within tirely the next month It will be possible to resume the shipment of ore. GOLD The new development work at the F ORTUNA In the has resulted Sharp mine the point ore body fully 116 feet belowtapping from which shipments have been taken in the past and Mr. Caldwell states that INCREASES ITS there Inhas been a nottoeable ore. improvement th character of the AND LOCATION IT HAS ed WEST TINTIC MINE TO PUSH OPERATIONS Alex. Caldwell, who was In Eureka this week from the old Sharp mine, a lease where he has been operating for about two he has In- EAST ORE AND $225,000 AMERICAN FORK TEXAN - Loos. according is being sent out toward drift which the southern section of the coma ground will pass pany's of the Opohongo before through it reachespart its and it Is almost a objective point, cinch that high grade gold ore will be found, says the Eureka Reporter. Many years was the Gold C.Chain propago before over taken E. Loose, erty by the present owner, som work was done in the south end of the ground on the Fairview and California and in one of the shallow shaftsclaims, sunk at that time tnere is a very good showore. of gold ingLeasers at th mine Opohongo have Just shipped a couple cars of of nice copper or and there promises to be something of importance to report from this property in the very near future. W. D. Loose and Frank Rozelle. who have a lease on the old workings of the Sioux Con. mine, are getting to send out two cars of ore ready one of zinc and the other a This ore hag been mined from product. some of the old stopes while there are no large deposits inand th leassight ers expect to make other shipments. At th Eagle & Blue Bell mine th new hoisting is at last In equipmentWilliam order and Owens Supt, working says the new machinery works beautifully. There was some delay In getting adjusted, otherwise the mine everything would have been back in the d list this week. But one shipping of ore was hoisted at the Eagle this week and that is credited to the Victoria, but next week the former mine will be back in the shipping list Underground conditions continue to improve at the Eagle and a large amount of ore has been blocked out on the lower levels of the mine. Iron Blossom. During the past week th work of the winze was taken up at sinking the Iron Blossom. It beinr intention of the management to the go deeper in an effort to learn more about the size of the new oonper deposit found in the north end of the property. The winze has already been sunk from the 600 to the 1000 level and the contract which has Just been let will take it to the 1100. The of ore from the new copper stoplng strike is now under way and within a very short time it will be to get several cars a week from this deposit. are under way on Stoplng 900 1008 both th operations levels and an excellent grade and of ore is being produced. Directors of the Iron Blossom are in session at Provo today and it is understood that the reports prepared for their consideration will show that the month of February was one of the best that the mine has had in several years. Grant Snyder, who fa looking after the Carlsa property at Mammoth, was in the district thl8 week and it is reported On ' sroo1 anthnrltv thnt thr will be something doing at this mine within the next few weeks, perhaps within ten days. The Carlsa has been worked in a rather desultory fashion by leasers at Intervals during the past few years and occasionally shipments of ore have been forwarded to the smelter, but there has been no extensive development work on the ground for a long time. If work is taken up there In tho near future it will no doubt be with a fairly good force of men, and those who are familiar with the mine sav that it contains a large amount of ore. which is good enough to shin with a favorable metal market such as now lead-silv- er oar-loa- pos-Jlb- le NEVADA STOCKS The following quotations were over Badger Bros.' private wire; "Bid. Ask. Plentiful Icnie. The Plentiful Amerowned ican Fork and mine, Lehi people, by was this week leased for a period of one year to Ophir mining men who agree to spend a least $10,000 on the property and $15,000 if necessary. They have a part of their already gotten hoisting on the ground and will machinery at once commence ore the opening bodies known to exist there. The owners got out a carload shipment last summer and only two weeks ago returned from starting a tunnel to tap the ore at depth. This tunnel was run about forty feet. The ore Is exposed in an incline shaft and drifts and high in lead with some silver. essays also have a good showing of sineTheyThe are also talking of building a leasers mill on the property to treat thesmall low grade,hasof which a considerable quanbeen opened up. tity Utah-Oregt- The Mu n Mining company directors held a' meeting MondayA.evening and voted a contract to W. Evans to continue the further into th hill. When thetunnel last work was completed the fac of the was directly under the big iron, tunnel blowout 170 feet above. On the surface the veins dip away from the tunnel. It is the Intention now to continue the work till th vein is cut. During the past week there has been considerable talk of opening a brokerage house in this city for the purpose of dealing In mining stocks, particufor the issues of those doing busilarly in ness American Fork canyon. About will be doing legiticompanies thirty mate mining in the canyon summer and all their stocks will this be traded in to a certain extent. Utah-Orego- 400-fo- ot lead-silv- NEVADA MINING NEWS Free for Three Months This publication Is edited by experts, is absolutely authentic, and Is a recognized authority on all mines, mining camps and mining: stocks of Nevada. It will be mailed to you for remonths ABSOLUTELY FREE uponthree quest. Write for it today and ask us for any special information you desire about any mine in Nevada. may 211 NEVADA MINING NEWS, Clay Teters Bldg. RENO, NEV. DALY-JITDG- E MINING COMPANY The regular quarterly dividend of Daly-Judg- e the 25 Mining company be-of per cent, aggregating $75,000, ing dividend No. 22. has been de-to clared payable April 1, 1916, ctockholders of record at close of business March 20, 1916, on which books will close date the transfer and reopen on April 1, 1916. G. W. LAMBOURNE. Treasurer. re-ctlv- Atlanta Booth 1 ...... Blue Bull TiT t Combination Fraction Florence Qoldfield Con. Jumbo Extension Spearhead Pilver Plok Vernal , . Yellow Tiger Oro Sandstorm , , , , Kewanos Great Bend Grandma .... Rochester ...... Nellie Big Four Con. Manhattan White Cap . , Consolidated Virginia Hale & Norcross Mexican Ophir Savage .... Sierra Nevada .03 .08 .44 .88 .89 .08 .07 .03 ........... , , . . ................ ........ ........ , :8 , .... ........ ........... .......... Union Cash Boy Gypay Queen Jim Butler Midway Montana P. Extension,... Montana , ,. Mlzpah Extension McNamara , . . , , , , , North Star Resoue Eula ....,.,,..,, ........ Tonopah Extension, Umatilla , , , , , , West End , Silver Peak.,.. Pittsburg Nevada Hills ,. Round Mountain , , . , . .15 :H !30 .05 .02 .14 .13 ,05 .18 ,18 .13 .12 .03 .17 ,04 .81 .43 .04 .01 .85 .16 .07 ,20 .18 .07 .14 .24 "!32 .44 .05 .02 ' ".ir .08 " ios' ,19 ,26 i.50 t .68 ,07 .19 .61 ' ,01 1 05 "'.63' er L W. HULSE & CO. STOCK BROKERS We handle stocks for cash or on, a 33 3 per cent margin. 1-- Quick and Phone 967. efficient service. Stock Ex. Bldg. lister ASSAYER AND CHEMIST Formerly Chief Chemist and Assayr, Bingham Smelter, Mldynle, Utah, Alao four year with U, 8. Government Asuy Office, Salt Lake City, Vtah. 31 Pojttofflce Place, Salt Lake City, Utah, Phone Wasatch 2041. |