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Show INTER-MOUNTAI- 10 MINING REVIEW N bullion output of the Germania smelter for the current year. Bids were received from all the refineries, wdth the result that the contract wTas aw'arded to the Consolidated Kansas City Smelting and Refining company, the purchasers of last years output The annual product of the Germania is valued ORE AND BULLION. For the first time in many months, the Salt Lake smelters have lead ores in as great abundance as silicious ores. This does not mean that there is any abundance of either, but rather an at betw'een a million and a half and equal scarcity of both classes. Now tw'o million dollars. The ore receipts of the w'eek were of that the weather has become settled, value of $72,133, against $106,631 the the the accumulated product at the camps previous week. The base bullion outwill soon begin to move forward and put of the smelters wras $58,716; Ontario the smelters will again be able to oper- and Daly silver, $67,000; cyanides, gold bars, $10,570; total bullion outate at full capacity. $146,536. Talk of operating the unfinished put, The base bullion output of the Salt copper plant in this city is again re- Lake smelters wras as follow's: Pennvived, and indirect reports have it that sylvania, $17,541; Germania, $26,300; $14,375. the works will be started up in June. Hanauer, Ore reported as folpurchases were The plant has two large water-jack& lower Bamberger McMillan, $19,633; of treatment & Co., for the McCornick $21,900; Germania, furnaces, designed copper ores, and the alterations neces- $30,600. sary for handling silver and lead ores SILVER. will entail little expense. The one be an ore supthing then lacking will with The silver market still show's signs ply, and people familiar howTthe situaof although there wTas a gain this can of weakness, tion are puzzled to know' Anone point during the week. be secured. The present capacity of other advance on the exis looked the Salt Lake smelters is more than pected demand of the for, French mint. sufficient to handle all the ores that Following were the fluctuations: can be secured upon the present basis 67 67 Monday of treatment charges, which smelters Thursday 67 67 Tuesday Friday to low'est dow'n the are possible 67 67 say Wednesday Saturday point permitting a profit. Record Prices. Over in Colorado the smelting situation is daily growing worse. The Highest (covering a period of ten douis of State the capacity smelting years), $1.19, August 19, 1890. ble the present tonnage, and the plants Lowest, 58c, March 3rd and 5th, are therefore operated at about half 1894. their capacity. The representative of one of the big Eastern concerns says LEAD. that the balances of several of the comThere were no changes in the lead panies are now' written in red ink, and market of the worthy of note, the price repredicts that the effect of smelting plants and the general maining at $2.90. war now raging will be to force many Record Prices. of the weaker firms to the wall. This Highest (covering a period of ten may be obviated, however, by the for- years), $5.25, in October and November, mation of another smelting trust or 1890. pool. Lowest, $2.87, January 10, 1896. The Arkansas Valley smelter has readopted a plan for increasing cently the ore the tonnage and encouragingTreatMining Incorporations. ores. production of Big Four Consolidated (Provo). Capment charges hereafter will be graded ital, $250,000, divided into 250,000 shares. according to values. The average Incorporators, John Mott, Robert Fox, grade silicious ore is worth about A. E. Goodwin, Mosiah Evans, John $50 per ton, and for this class Smith and Gustave Hanger, all of Lehi. be will the treatment charge company owns four claims in the about $10 per ton. With this as a The basis, the rate is figured up and down. Tintic district. The lowrer the grade below $50, the less charge for treatment; the higher the People wTho desire to keep pace with the the that above higher price, far-ograde treatment charge. This will enable the the progress of events in the mines to ship ore mining regions of Alaska will be enowners of abled to do so by subscribing for the that heretofore has been unprofitable. treatis The Arkansas Valley smelter Alaska Mining Record, published at ing $15 dry ores in Leadville now. The most important local event of Juneau, which publishes all the news gold fields. the week has been the sale of the base of the $10,-25- 0; et over-supp- ly low-gra- de ff low-gra- de sub-Arct- ic Incorporated under the Laws of Utah, NEVADA. Pioche Record: A letter received here this morning states that S. T. Godbe is at Sterling district, where on he has an option the Montgomery gold he is about to place, which properties, w'hich are said now to be very valand uable. DeLamar correspondence: Work was suspended, on the Flagstaff claims on Sunday. The lessees, after prospecting a quantity of new ground, quit. This leaves the property ready for further found a development at the year ago, but which, without a custom mill, will not pay to work for the present. The next wTork prosecuted on the property will be in that part of the ore-chu- te mine. Lyon County Times: On the 24th of March James A. Yerington located a claim in Como, to be known as the Colorado, and this claim is none other than the old Como-Eurek- a mine, upon wrhich more work has been done and more money expended than on any other claim in the camp. The property formerly belonged to Harry and Ben Symonds, but later on to a company of Stockton capitalists. A patent w'as applied for on this mine in 1882 or 1883, and nearly everybody supposed that the patent was issued and the mine not jumpable, but it now' transpires that some of the fees for obtaining a patent had never been paid and conseas quently no patent was issued, and assessnot done the the company has ment wTork for several years past the mine was subject to relocation. What Mr. Yerington intends to do with this property is not known. The former ow'ners wrere intending to do some work on the property this summer. They did some $40,000 or $50,000 worth of work on the mine some years ago, but there was not gold enough in the ore to make it pay for w'orking. Silver State: L. J. Crook has discovered a large deposit of cinnabar ore in a spur of the East range, about forty miles south of Winnemucca. The ore has been thoroughly tested and found to contain quicksilver to a per cent that leaves no doubt as to the value of the discovery. There are three different grades of the ore, the richest of which is in appearance exactly like that of the cinnabar found in the quicksilver mines at New Almaden, Cal. The California editors are all right. of them and thirty-on- e have been catechised on the silver question, and of this number more than 100 are willing to fight for the cause of bimetalism, even though it arrays them - One-hundr- ed against the old parties. Go to Harris & Wilson For Fire, Life and Accident insurance. American companies only represented. 1896. CAMP FLOYD MINING DISTRICT, UTAH. GOO, OOO CAPITAL, $6,000,000 President, ARTHUR W. PEREGO. PAUL J. CARNEY. Vice-Preside- nt, Main Office: CARNEY, PERECO & CO., Mercur, Utah. SHARES, $10 EACH. Treasurer, CHARLES M. McENTIRE. Secretary, HARRY FERGUSON. Chicago Office: CEO. A. WEBSTER, 44 Madison St. London Office: N. S. CAMBRILL, 66 Front St. This Company now owns a valuable group of nine claims adjoining the Omaha in Mercur ; also a group of five claims in Hot Springs Mining District, besides many bonds and leases on valuable Camp Floyd mining property. The Company will famish reliable information to intending purchasers, particularily in relation to Mercur mines. A limited amount of Treasury Stock of this Company at 25c. a share, is being offered for sale. Application for same can be made to Breeze A Burris, 76 Commercial Block, Salt Lake City, and to Carney, Perego & Co., Mercur. |
