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Show jTAg MdrKet and the Mine?. The high rates for call money that have prevailed pre-vailed on Wall street have had a quieting effect on the local commercial stock and bond market. Holders of ready cash have not been particularly anxious to tie up their funds, and this has had its effect on the demand for stocks and bond's. It has not, however, given rise to any selling movement and the result is that transactions have been few. The Salt Lake banks hold plenty of money to loan on the best collateral. Improvement Improve-ment in commercial stocks is looked for as soon as the eastern money market becomes steadier. Following are the quotations up to Wednesday evening as given by John C. Cutler, Jr.: Bid. Asked. Amalgamated Sugar Co., pfd....$101 00 $102 00 Amalgamated Sugar Co., com.... 190 00 192 00 Beneficial Life Insurance Co 100 00 101 00 Barnes Banking Co., Kaysville. . . 125 00 130 00 Con. Wagon & Machine Co., pfd. 109 0C 110 50 Con. Wagon & Machine Co., com. 100 0U 100 50 Commercial National Bank.. 110 00 115 00 Deseret National Bank 290 00 292 00 Deserct Savings Bank 362 00 365 00 Davis Co. Bank, Farmington. . . 118 00 120 00 First National Bank, Ogdcn 275 00 280 00 First National Bank, Murray 115 00 120 00 Home Fire Insurance Co 167 00 169 00 Lewiston Sugar Co 15 00 15 10 Lchi Com. & Savings Bank 118 00 120 00 National Bank of the Republic. 130 00 140 00 Ogden Savings Bank 180 00 190 00 Provo Com. & Savings Bank 1!2 00 150 00 Rocky Mt. Bell. Tel. Co 92 00 94 00 State Bank of Utah 168 00 170 00 Sanpete & Sevier Sugar Co 11 25 11 30 Sugar City Townsite Co 170 00 180 00 The Utah Sugar Co., pfd 10 90 10 95 The Utah Sugar Co., com 6 00 6 02 The Idaho Sugar Co 12 85 12 90 Thatcher Bros. Banking Co., Log. 122 00 125 00 Utah National. Bank 163 00 165 00 Zion's Savings Bank & Trust Co. 175 00 180 00 Z. C. M. 1 173 00 175 00 Western Idaho Sugar Co. optionsl 1L.30 11 35 Sanpete & Sevier Sugar Co. opts. j 11 30 11 35 BONDS. Church .. .; 102 102 Salt Lake City Railroad 102 02y2 Salt Lake City R. R. 2nd mtg... 102 102J4 Sumpter Valley Railroad 103 105 . Utah Co. Light & Power Co 101 102 MINING STOCK EXCHANGE. The week which closed Wednesday night began be-gan in rather a depressing fashion on 'change, but the tone improved noticeably during the last two days and the period closed with prices in a very satisfactory condition.. Sales decreased both in volume and value under the preceding week, but the average of prices, as indicated by ten leading stocks, advanced from $4.824 to $5.01. The advance was not general, but was confined to five of the shares. Four declined and one, Consolidated Mercur, was stationary. Lower Mammoth went from Zy2 to 34J on the excellent excel-lent showing at the property, New York touched bottom at 13J the beginning of the week and climbed to 19 at the close; Columbus Colum-bus Consolidated again fooled the talent by going up when the bears thought it should go down, advancing from .15 to $2.20. Wabash went from 72 to 80 cents and May Day rose from 7 to 854. A glance at the business of the stock exchange shows that the number of shares handled declined from 137,455 the week before to 106,639, and values shrank from $64,-569.50 $64,-569.50 to $38,379.92. Ore and bullion settlements followed the trend of prices, jumping from $442,-900 $442,-900 to $459,100. The opening of the Ontario drain tunnel at Park City and the continued strength of copper stocks on the Boston and London market, mar-ket, as well as the healthy tone of the silver quotations quo-tations have contributed to the good feeling among the local mining investors. The news from the camps, it will be seen, is also conducive to optimism. BINGHAM. In the main tunnel of the Copper Glance the face of the bore is filled with copper bearing porphyry, por-phyry, the object of the work. The full extent of the ore body has not been determined. The Red Wing is blocking out a large amount of concentrating con-centrating ore said to run 15 per cent lead, 8 ounces silver and $1 gold. A mill will soon be erected to handle the product. The management of the Boston Consolidated is preparing to erect a testing mill in order to have the means of ascertaining as-certaining the milling value of the ore from each of its veins. It will be equipped with five stamps. This company has notified the American Smelting Smelt-ing & Refining company that it will be ready to forward 750 tons of sulphide ore a day as soon as the smelter is finished at Garfield. If good weather continues the enlargement of the Yampa reduction plant will have been accomplished by March 1, and the capacity increased to 600 tons a day. Vigorous discussion has been caused by the statement of an officer of the Utah-Apex company that its ground held the apex of the Uah Consolidated and Yampa veins. The statement state-ment is pronounced absurd by persons connected with the two companies mentioned. Continued buying of Boston Consolidated and Utah-Apex on the London and Boston markets revives the story that the Guggenheims are seeking control in order to effect a gigantic consolidation. There is also a report that Charles M. Schwab is negotiating ne-gotiating for the mines and smelter of the United States company as a preliminary to embarking in the smelting business on a large scale. The Lime King Mining company is suing the Bingham Copper & Gold Mining company for $50,000 alleged al-leged to be due as royalties for lime rock used in the Bingham smelter and taken from the plain- I tiff's ground. 1 TINTIC. I H .Reports from Lower Mammoth arc to the J'l effect that the ore in the south drift on the 'i 1,500 level is showing a constant improvement y in values and that there is every indication that 1 the cross-cut -on the same level is about to break 3 into the east fissure from which large returns 1 were secured above the 700 level. The May Day ' force is still working on the station at the 550 ! level preparatory to drifting for the ore. Lessees , are working the upper levels. The first car of j ore from the Beck Tunnel ran $34.75 per ton. The i company is building an ore house and buying ! teams. Last week's ore shipments were 131 cars. The Centennial came to the front with 64, the Gemini with 12 and the Grand Central with 8. Uncle Sam directors have decided to resume the payment of dividends next month. The Joe Bowers has made connection with the old work- ,, ings on the 400 level and the company is now ready to tap the old veins which have been in- ( accessible pending the completion of the drift I from the new shaft. I AtL OVER UTAH. The Ontario tunnel at Park City has been ex-amined ex-amined and found to be in good condition for 10,000 feet from its mouth. The present flow of water is about 30,000 gallons a minute, which is 'H 23,000 gallons more than the normal flow. At this rate it will take about sixty days to drain the mine to the tunnel level. , .H The output of coke at Sunnyside is increasing j daily, and the apprehension of a coke famine in j consequence of the fire which destroyed the Utah H Fuel company's crusher plant, has been allayed. The Columbus Consolidated at Alta marketed I 226 tons of ore and concentrates last week for which it received $8,000. Much of the output comes from new ground where development work I is in progress. I'l An important consolidation has been effected 1 in the Gold Mountain country by William F. Sny- I ;H der and Walter James. They have incorporated H the Kimberley Mining company to take over and H operate the Holland, Eurprise and Deer Park, i R including 500 acres and covering both the Annie I H Laurie and Sevier veins. Development will be i, H carried on through the Holland tunnel. jfl |