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Show INTER-MOUNTAI- MINING REVIEW. N 7 i NEWS CLEAN-U- P. The new Denver Mining and Stock Exchange has been opened. A stage line is to he put on between Morgan City and the Hardscrabble mines. A new body of high grade ore has been uncovered on the 1100 level of the Cen-tennial-Eure- ka. erty has paid $80,000 in dividends and has never levied an assessment. The ore now being taken out runs $10 in gold, 30 per cent lead and 17 ounces silver. D. Eyer now owns a controlling interest. The ground beneath the business portion of the city of Butte is to be explored for mineral, a company composed of the stockholders of the Butte & Boston aompany having been incorporated for that purpose. It is proposed to drive tunnels under the entire city. Tho American Cyanide company has been incorporated at Washington, N. J., and proposes to engage in the manufacture of alkaline cyanide from black mueik. A Salt Lake friend of one of the promoters wrote to him that if alkali and mud were the only substances necessary, Utah was the place for the plant. Cochiti, N. M.f now claims to be the greatest gold camp on earth. A recent strike in the Washington mine at a depth of thirty feet, assays $2000 in gold and silver and the vein is eight feet wide. The district needs a mill. A deposit of coal has been discovered in the province of Mendoza, in, Argentine, near the frontier of Chile. A ton of the coal yielded 141 ounces of vanadium and 11.24 ounces of platinum metals. This makes the coal worth about $40,000 a ton. It has been snowing for two weeks in the Wood River country and the fall is reported to be five to eight feet on the level at Hailey and Ketchum. The roads are impassable and much anxiety is felt concerning the safety of miners in the The Morning Star Gravel Mining comcounty, Calif., has declared pany, Placer 62 of $5 per share. dividend No. John Hays Hammond has been released on bail by the Transvaal authorities and the dispatches say he is seriously ill. The Cumberland and Osceola company will erect an amalgamation mill at Osceola, White Pine county, in the spring. Since the recent heavy rains in California many reports of coarse gold and nuggets being picked up come from the foothills. Tho latest definition of a promoter is one who sells nothing for something to a man who thinks he is getting something for nothing. Tho Gold Mining Exchange of San Francisco has completed its organization, appointed its committees, and is now ready for business. Manager McGregor of the Crescent states there is no foundation for the rethat the company is preparing to port resume operations. The Miners Union of Virginia City, Nev., adopted a resolution of thanks to hills. Senator Tillman for pitchforking the Cleveland administration. Wyoming capitalists have invested in the Grover group of claims, located near the Hecla, in the Camp Floyd district, and belonging to the Cannon company. An exchange notes the discovery of ore that coins five ounces silver and $4.80 gold. An ore body that will coin its own metallic contents is indeed a rare find. It is reported that Manager Plummer of the De Lamar Mining company, Idaho, receives a salary of $25,000 a year, which is a pretty plum for Plummer. Mining Industry. Discoveries of gold ore are reported four miles from Payson and a little over a mile from Utah lake. It is said to yield to the cyanide process and to carry values ranging from 80 cents to $27 per ton. During the w'eek ending December 21, there were fourteen applications to the South African Chamber of Mines for patents on new methods of gold extraction. The Denver mining stock market is experiencing a period of stagnation. Large blocks are being thrown upon the market and a great slump in values is the natural consequence. The tunnel on the Daisy Dean, in the Marysvale district, is said to be in ore that assays $175.60 in gold and 1371 ounces silver. The property is under bond and lease to H. W. Warren and E. H. Airis. The Paris Economist says the stoeik of gold in European state banks has increased $622,500,000 since 1890. At the end of 1895, the banks of France and Russia possessed gold representing half the stock of all the banks of Europe. Commencing with the first of the present month, Mr. E. J. Pettit assumes the management of the Grass Creek coal mines, says the Coalville Times. Mr. Pettit was formerly employed at the No. 7 mine at Almy. There are six mills at Murray, Idaho, running seventy stamps, as follows: Golden Chest, twenty stamps; Mother Lode, ten; Yosemite, ten; Daddy, ten; Golden King, ten, and the Jenkins claim, ton, all of which are reported to be making money. Between Salton lake and station, San Diego county, Cal., and Yuma, Ariz., nearly 500 mining men and prospectors are reported in the mountains locating gold mining claims or preparing to erect mills to work quartz already located. The Homestake Mining company, Black Hills, paid a dividend of $31,250 January 25th, making a total to date of $5,712,500, and the Highland announces its thirty-nint- h monthly dividend of to-25 cents aregular share, amounting to $25,000, a tal announced to date of $977,000. Twelve years ago Moodys Farm, the present site of Johannesburg, South Africa, was offered to Baron Grant for $250,000. His expert made an adverse report. and that settled it. The same ground is now held at a thousand million dolhnc. rnN:;st mine at Bingham shipped a 100-- 1 on lot of ore last week. This prop gold-beari- - ng vanadium-platinum-beari- ng furious snow storm prevailed at Mer-cu- r last Wednesday and four men who were out in the hills had a thrilling experience. Two of them sought refuge in an abandoned tunnel, another in a cabin and the fourth would have perished had he not been rescued by a searching party from the camp. A As will be noted elsewhere in this issue, superintendent of Captain De Lamars Golden Gate mine, Mr. Geo. Kislingbury, tenders his services to investors seeking information concerning Camp Floyd properties. Mr. Kislingbury is a mining expert of wide experience, has served as inspector of mines for the State of Colorado and is worthy of the confidence of the investing public. p The machinery for D. M. Steens combination mill at Boise will be on the ground within six weeks. It will be a combination plant, designed for custom work, and will afford the owners of Boise gold belt properties an opportunity to market their product. The treatment Mr. Steen charges will be $3.50 per ton. has contracted with the owners of the Black Hornet mine for 2000 tons of ore. The Pueblo, Col., Chieftain humorously If lead is going to run down to says: much lower prices we might start a new the making industry with it in Colorado of lead shingles. It makes an indestructible roofing, the only question being that of cost. A hundred pounds of lead, worth perhaps $2.65 or $2.70, ought to be made to cover a square of roof as well as $4 worth of wooden shingles. At last accounts the miners were still in possession of the Morning Star mine with a determinaat Silver City, Idaho, tion to hold the-- same until their wages are paid. They have not seen the color of the companys checks for three months and the merchants refused to give them further credit. The mine is looking well and the ore sacked and ready for shipment will be sufficient to discharge the companys indebtedness. The Juab Oil and Coal company, composed of Salt Lake people, will shortly resume operations with a diamond drill and bore to a depth of 500 feet. The commiles pany owns 320 acres of land twelve bituof vast and east of Juab quantities A on surface. the minous shale outcrop a and feet sunk been eighty shaft has h hole bored 100 feet further. A was found six-folayer of black shale oil of per ton, to contain eighty gallons for indications the and petroleum are extremely favorable. A decision of interest to dealers in miwas rendered by the ning machinerycourt last week. The ColIdaho Supreme orado Iron Works sold machinery to the value of $535 to William Reikenberg of suit to foreOwyhee county and brought on certain propclose a mechanics lien court held that plainThe Supreme erty. tiff was entitled to judgment for the entitled to a meamount, but was not reason that there chanics lien, for the contract that the goods was no express for the particular were to be furnished structure upon which the mine, mill or claimed. lien was Mr. Haven of the Cane Springs Mining company is now in England, and nego ten-stam- six-inc- ot tiations involving control of the property are pending. The company owns twenty-on- e claims on Gold hill, in the Deep Creek country. A mill has been erected and largo bodies of high grade gold ore developed, but a scarcity of water interferes w'ith operations. In order to overcome this obstacle it is proposed to construct a pipe-lin- enarrow-gaug-thirteen e miles in length or build a railroad thirty miles, and haul the ore to the lagoons, where a mill could be erected. What will be done in this direction will depend largely upon the results of Mr. Havens trip to free-milli- ng 100-sta- mp SALT LAKE NUGGETS. David Keith of the Silver King visited Cripple Creek last week. C. S. Wilkes, the mineral surveyor, will shortly remove to onIdaho and engage in the Snake river. placer operations George H. Robinson has been elected president of the East Golden Gate company, succeeding Frank Knox, and Gov. Wells has been elected a director, filling the vacancy caused by the resignation of George Kislingbury. Capt. McFarland, J. B. Thompson and C. H. Scheu have taken up their $25,000 bond on the Hillside group of nine claims, purchased from the Viking company. These claims adjoin the Mercur group and are considered very valuable. H. V. Carter, manager of the North Fork Placer company, a Salt Lake incorporation, states i hat operations 126will be acres commenced upon the companys of ground in Trinity county, Cal., about March 10th. The company has expended $25,000 in preliminary work. W. E. Vigus, the agent of the Associated Press in this city, has been appointed assistant secretary of the Salt Lake Stock and Mining Exchange. Mr. Vigus is a most capable gentleman, having had long experience on the Chicago Board of Trade, of which he is still a member. Col. Isaac Trumbo has encountered bet- ter luck on the mother lode than in the Utah Legislature. He recently acquired a controlling interest in a mine that had been lying idle for some years, and set a force at work upon development. Upon the 1200 level a body of ore was encountered sixty-fou- r feet wide that mills $250 per ten. Messrs. James II. Hulse, William E. Bray and Frederick N. Steen of this city have just received a patent on their improved safe lock mechanism, which seems to be a valuable invention for the purpose designed, the patent office having allowed them twenty-thre- e claims. This goes to corroborate statements in regard to the brain invigorating atmosphere that surrounds the new State of Utah. Some very rich ore was brought up from the Gold Queen mine in San Juan county last week. An immense body of free milling porphyritic quartz has been developed in the property, and the owners slate that it will mill $15 per ton. It is owned by Frank Kimball, J. R. Hickman, B. B. Heyw'ood and others of this city. A mill will be erected in the spring. The Alliance company, in its answer to the complaint of the Silver King in the trespass proceedings, sets up that the Silver King vein apexes in Alliance ground and that it possesses the right o follow' such vein beyond its side lines on its dip beneath the surface of the Silver King claims. The defendants have also filed a asking that the Silver King company be enjoined from extracting ore from the vein in dispute. As each party to the controversy has an abundance of money to carry on the fight, and the property at stake is worth over two million dollars, the litigation promises to be long and costly. Mr. S. M. Green of Salt Lake copper been interview'ed at plant fame has San Francisco and makes the interesting announcement that the w'orks will be completed as originally planned just as soon as our people get together. At the rate of progress made during the past year the "getting together is likely to be inMr. Green states prolonged. definitely $GOO,COO been have that expended upon the a fair but appraisement of tho plant, not would reveal any such exproperty too much has been However, penditure. an to abandonment of expended permit the enterprise. Mr. Green may have been acting in good faith when he secured the promise of a bonus of $109,000 cash and 160 acres of land from the ci of Salt Lake, but there were others connected with the project w:ho apparently had evil designs. If the people can get together and complete the plant, so much tho belter for them and for Salt Lake. cross-complai- nt, ons |