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Show INTER-MOUNTAI- near affe sample of gravel, $1taken fromwhich ton, the surface, assayed isperclaimed It $1 that per yard. is over been have pannedpieces of wire silver asthe but the sample from gravel, There may sayed showed only a trace. in the fact that be some significance comes the into canyon at a the gold Maxfleld the mine, lopoint opposite cated just over the divide in Big CotIf this gravel is found to tonwood. $1 average per yard, or even considerahandled at great bly less, it canis be an abundance of waprofit, as there ter for hydraulic purposes. A laughable illustration of the mistakes that the best of regulated journals sometimes make is supplied by the Denver Mining Industry and the Mining and Scientific Press. The former Republication copied from the Mining bulview its weekly statement of the lion output of Salt Lake smelters, as an indication of the mining activity of the State, but omitted to mention what State or to give credit to this paper. The Mining and Scientific Press in turn copied the statement and gave Colorado credit for the product. Thus we have the output of the Pennsylvania, Hanauer and Germania smelters used to illustrate the mining activity In Colorado. Messrs. H. J. Dieter, J. C. Taylor and J. B. Taylor have taken an eighteen months' bond and lease on the Marion claims, adjoining group, of twenty-on- e the Flagstaff at Alta. Associated with them is an Eastern capitalist whose name is not given. The shaft will be sunk deeper in the expectation of reaching the ore body from which the Flagstaff millions were taken. As this shaft lies directly between two points at which the ore body was encountered, the expectation seems a rea158-fo- ot sonable one. It is claimed that $200,000 worth of ore was taken from the old shaft when the property was formerly worked, but litigation, now settled, has interfered with the operation of the mine for a number of years. Mr. Martin White of Chicago, accompanied by Mr. H. M. Ryan of the Ajax company, visited the property of that company, at Mammoth, this week. Mr. White proposes if mutually satisfactory arrangements can be made, to n erect a mill for the treatment of the Ajax ores. It will be a combination plant, similar to the Sioux mill, and if its erection is decided upon it is expected to be completed before the close of the year. It will be owned and operated by Mr. White, and the Ajax ores will be treated at an agreed rate. Development work at the mine is going forward steadily and the winze, sunk from the tunnel level, has now reached a depth of 565 feet from the surface. The plan of development contemplates the extension of this winze to the surface, and its use as a working shaft. Enough ore is being extracted to more than pay for all development work. Emile M. Du Marias and Emile P. Anders, two distinguished mining engineers, have been sent by the French to examine Government the mines of the Rocky mountain region, and report thereon. They are now at Cripple Creek and upon the conclusion of their visit there will come to Utah, thence to Idaho, Montana, Nevada and the coast. A large amount of French capital is now seeking investment in American mines, and it is for the purpose of securing data upon the various districts mines for the information of their aq countrymen that these gentlemen have been sent to this country. When they reach Utah they should be afforded every facility for examining the big producers, as their report will carry great weight with French investors. M. Du Marias examined and reported upon the South African gold fields for his Government. 100-to- MINING REVIEW. N SALT LAKE NUGGETS. Mr. George Crismon has returned from the Gold Stone property, in Lem-- , hi county, Ida. Mr. John W. Young, general West- ern manager of the Fraser & Chalmers machinery firm, has returned from a trip through the Northw,est. Mr. B. T. Lloyd of the Gold Coin company has returned from a trip through the East and reports the woods full of voters. Mr. Allen G. Campbell, president of the Brick Consolidated company, has returned from the property, in Vanderbilt district, Cal. The company has ordered hoisting machinery, an air compressor, pumps, etc., and will increase the present depth of the shaft from 530 feet to 1000 feet. Mr. H. M. Ryan of the Ajax company has returned from the East, invigorated in body and refreshed in spirit by the bright prospects for Bryans election, which he regards as almost a certainty. He wras one of the original Bryan men, and is chuck full of reminiscences of the Chicago convention. He corroborates the report that the galleries were packed by the goldbugs, about 2000 tickets having been issued to Hill rooters by the National committee. These fellows were expected to howl for gold and hiss every silver speech, but Bryans oratory carried them off of their feet, and they added their yells to the plaudits of the silver men. The importance of the Democratic gold ticket movement, Mr. Ryan thinks, is greatly magnified by the dispatches, as the men behind it do not constitute more than one-ha- lf of 1 per cent of the voters. Democratic The retirement of W. W. Chisholm as general manager of the Centennial-Eu-rek- a Mining company was one of the important announcements of the week. He is succeeded by Congressman C. E. Allen, who has already assumed charge of the companys affairs. No other are the announced, monthly changes dividend of $1 per share will be paid on the 15th, as usual, and the operation of the property, under Mr. Allen, will be marked by the same conservative policy that characterized the administration of his predecessor. Mr. Chisholm has had the active management since the of the Centennial-Eurek- a 187G, was in located, although property active developments were not commenced until 1883. Being one of the principal stockholders and having earned a comfortable fortune, he has for some time desired to retire from the management of the company and take life easier. He is the most popular and among the most successful mine managers in Utah. Concerning his successor, it may be said that the interests of the stockholders will not suffer at his hands. free-coina- ge Chance to Speculate. Salt Lake speculators are now, for the first time, afforded an opportunity to trade on the New York and Chicago markets, and are provided with facilities for taking advntage of every fluc- tuation on the Eastern stock and produce exchanges throughout the day. This new departure has been inaugurated by Mr. J. C. Dougherty, late of 7 The treasury statement for July shows .a deficiency of thirteen millions in the revenues. The public debt creased ten millions and is now The cash in the treasury In- $966,-154,5- 12. is classified as follows: Gold, $150,502,224; silver, $514,610,146; paper, $169,978,190; bonds, disbursing officers balances, etc., $17,263,184, against which there are demand liabilities amounting to leaving a cash balance of It will be noted that there are nearly one hundred and seventy millions of paper money in the treasury. This is the inevitable result of the manipulation of the gold reserve by Wall street, by which the reserve is alternately exhausted in the redemption of treasury notes and replenished by bond issues. Were it not for the deficiency in the revenues there would be a much greater accumulation of currency in the treasury. The present absurd policy would, in the course of time, withdraw all the treasury notes from circulation and lock them up in the National treasury. When we reflect that one of the great National parties has Indorsed this policy and that it is of approved by nearly or quite one-ha- lf the voters, grave doubts arise as to the capacity of the American people for $595,-705,2- 74, $256,-158.4- 72. self-governme- nt. Four despondent and destitute wretches committed suicide at Butte one day last week. Three of them) killed themselves because they were unable to secure employment. Four more years of the gold standard, falling values and depression would mean four more years of despair for the people. A recent number of the Denver Daily Mining Record contained a very entertaining letter on Utah mining matters, written by Mr. J. D. Dillenback, staff correspondent of that paper. For some months past Mr. Dillenback has been editor of the Denver Mining Industry and the Record is to be congratulated upon securing his services. MONTANA. Mining "World: The St. Louis mill near Marysville is almost completed. They are now filling the ore bins, and the stamps will soon be dropping on e ore. A force of men is employed at the mine, everything is looking favorable and they will soon be producing gold bullion. The Philipsburg Mail says that Messrs. Hull and Calhoun have gone into a deal with a gentleman who will at once erect a small smelter of two tons capacity on their mining property on Antelope creek. The ore has been tested in the East, and it is said that it is very easy to smelt, only requiring 10 per cent lime in conjunction with 10 per cent charcoal for its reduction. We are also informed that men will at once begin burning charcoal for the purpose. The properties are known to be rich, the fact of the ore being base has prevented them from be ing operated upon before. It is expected that even with the small plant proposed a big profit will be realized. Those who high-grad- Pueblo, Colo., who has established a Second brokerage office at 43 West received South street. Quotations are by private wire direct from the exup on the board changes, and marked from 8 a. m. unevery fifteen minutes new for this til 1 p. m. It is something community, but the local operators are contemplate the work are not going inter- blindly at it, but have had thorough already manifesting considerablewitness est. The market will doubtless tests made and know just what they durfluctuations violent are doing. frequent and those and few next months, the ing who are shrewd enough to call the turn Silver Bullion. will reap a harvest Mr. Dougherty We will sell you silver on small mardoes business on a strict commission been has as he mingling and gins, one thousand to one hundred basis, The July statement of the Director of with the bulls and bears for over eight thousand ounces. Now is the time to invest, as silver is bound to advance. the Mint shows the coinage to have years, he is in a position to give valuclito his or write. advice Call and been as follows: Gold, $2,918,000; silver, able information of John the PHILLIPS & CO., Brokers. ents. He is correspondent $1,092,000, of which $30,000 was in 19 Rooms and 20, Walker Bros. bank G. Morgan Brokerage company at Lake City, Utah. Salt building, and $21,000 in minor coins. half-dolla- rs |