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Show I, VOL. N- SALT LAKE CITY, UTAH, DECEMBER H, 1901. - mining Stocks Demoralized. and receiver for tho property as a means to continue te of ascertaining the true condition of will it are the chances mine and discovering whether there the and that is pay so for an indefinite period ore present or not. The the mining exchange is idle, intensity of the idleness and inc- Truth remarked a good while aeo that the exchange had played itself out with the public and . more than half the brokers, and most of their rease. 4 4 4 and proper demand It should even go a step further and insist upon the owners of listed properties submitting to periodical examinations of their mines by experts employed by the Those measures would driveexchange. the hot air fraudulent schemers out and would restore the confidence of the "ublic. The exchange might as well do that and place itself Injusta position to claim the credit of it, as if it does not the next Legislature will undoubtedly enact laws which will enforce some such regulation. Price 5 Cents. The Shamrock group of mining claims in Lemhi county, Idaho, has been sold to a Boston syndicate through Prof. W. H. Tibbals. The seller was P. H. Clark of Nicholia. The amount of the purchase price was not disclosed. 4 .. 4 . men are at work on the old Sunshine property. The mill is being reconstructed and will be ready to be put in operation within a month. Forty-nin- e Carisa suffered badly at the hands of the brokers, and aided by the genhenchmen would have to get out and eral loss of confidence it dropped down work for a living instead of skinning 4 4 4 4 4-60 cents a share, with more sellers to the public. The exchange will wiggle The mine, however, is supClarence McCornick and O. P. Posey along for a while in a perfunctory way than buyers. The BeR Butler of Bingham is inhave to be reo- posed to be valuable, and the resump- are and may ultimately well recent with their very pleased creasing its shipments and this month tion of dividends in a few months is rganized. of the Gold Rose group of will break its previous records. Manalooked for, but there is nothing cer- purchase 4 4 4 tain about it. An examination of the mining claims near Kingman, Ariz., the ger Jacobs expects to market during After Truth had been hammering at property by a reliable and competent deal for which was closed up last week December 600 tons of ore and concenexpert and the issuance by him of a and the purchase price of $500,000 paid trates, returns from which will swell the mining exchange and its veniality over. .There is said to be $1,000,000 of the treasury by $10,000 or $12,000. Ben statement would serve to for weeks the two big daily papers Butler stock Instead of selling at 14c a confidence, and it is a matter of sur- gold ore in sight in the mine. came out simultaneously with scathishare should be about 50c. prise that the management does not methosome ' to means of articles restore take such the the ng 4 4 4 denunciatory ds of the exchange. This they kept good reputation of the mine. If everyand then thing is all right there appears no good Vivian McCune, manager of the Vicnp for about four days, An important copper strike is reportwith . all appearance reason why such should not be done. gravely and tor mine at Tintic, is quite elated over ed from the West Morning Glory at of sincerity, informed the public that recent developments in the property. Silver City. 4 they had purified the exchange and Everything indicates that the mine will the mining business generally. Dishsoon be a good paying proposition. once a Uncle Sam, favorite, prime onesty had taken flight. The tricky Since the big brokers had stopped their tricks and has few friends now. 4 4 4 . The final payment of $27,500l turned honest, and everything was original holders unloaded, and the for the lovely. They pourned out their invectiare Indications most a for favorable at Mountain was View Tintic is largely owned by the crowd, group ves on. the little brokers, the small stock so and well on of not of, consolidation the Rover, Gold Dust, made been it has thought Monday by the Franklin synfry, who are foemen scarcely worthy to the failure its customary Geyser-Maripay Silver Lode dicate. and The total consideration was groups the steel of play acting knights seen dividend for the current month gave At Mercur. The various owners are on $75,000. The vendors were Mrs. T. D. on the stage while they have pre-senit a black eye on the board. As in the the fair way of reaching a basis for the Sullivan and others. The property adstrict silence about the frauds case of the Carisa, a thorough examina- union of interests. joins the Yankee' Consolidated on the of the promoters ' of hot air mines, needed to is mine of the tion southeast. whose schemes the newspapers, poss4 4 confidence. 4 ' ibly through ignorance, made possible. Will they continue to maintain their 4 4 4 The following were elected directors sphinx-lik- e E. H. Ryan of Cedar City reports a attitude, regarding those of the Boss Mining comps ny of Park On the mining exchange the week frauds, in comparision with which the Willard Hamar, E. S. Ferry, W. marvelously rich find of ore at Kannara frauds of the little chaps on the stock has teen disastrous. Each day slump City: Mont Ferry, J. S. Richards and J. M. in Iron county.' It is said to run 50 per exchange appear almost inflnitessimal. after slump, all down the line, has had Lockhart. cent copper and $60 in gold to the ton. to be recorded. Those who jumped in 4 4 4 4 4 4 4 and bought a week ago in the belief st Daly-Welist .The stockholders of the Tesora and week headed the Last been In London, the directors of the Tomthat the bottom had then with a of Park City ore shippers with 1,760,000 Carlsa are themselves manafound soon the touched disappointed that Mining' company of Telluride, Colo., boy pounds of ore. gement of the companies have not loss staring them in the face and mardeclared a dividend of 50 cents a have which had been posted were issued statements gins ; a total of $150,000. . ... financshare, their 4 4 4 showing in short order. The stopi ial status and the condition of the wiped out for of trading in futures seemed An Important strike is reported in the Properties. Thus failures have had a ping 4 or two to give the market a a day Snake ?ad in .Vasar Louis on the stocks and the former and St. was ground relief onlj little more tone, but the no w Ore.shipments from the Parnell group pracitcally vaueless as a mark- temporary and was followed by as creek, near Park City. The assays are at 54 etable stock. The assessment of 20 lead. Bingham have been commenced.. The that had 49.60 ounces silver and per cent distressing declines as anymeritorious ceats a o share will probably be property is in good shape and the stockpreviously occurred. The 4 ish 4-4-- 4 on ed - ... ."44-- 4 - re-lh- have touched properties must and parties who will rear bedrock, now invest in stocks of known merit deep and put the certificates away near come will down in their vaults the before flowers money doubling their howbloom in the spring. There is not,Improveever. likely to be any general cash ment soon. The available spare there and is gone of the speculators a will be no extensive buying untiland appears Ot speculators fresh crop the with the terrible object lesson of before still vividly months few past of an heir eyes there is no likelyjiood the deluging of buyers immediate rush the of few brokers. Comparatively listed mine owners whose properties are to the on the exchange have responded call of the exchange for not deter their finances. This should the course the exchange from pursuing entered upon which it has the talk among some go right ahead and eliminate from who 8tock of aPPlyInff board the names of all companies the appointment of a will not comply with the reasonable rtockholders, and It is possible the directors may change the Hessment fmn 20 cents at or.e t0 four assessments of 5 cents en spread over a considerable period. hirwever, has fallen Into nok avor that many of the stock-oar- s kniA declanihey will not pay any bm "ill let their holdings ?nt w!u if delinquency. It seems as of the company would i alte ,,ver the mine for the tejOflA b"m- The real condition of a 10 the existence of pay ore nl !!?e erw,s' ,s a mystery. It certain that the ore ing. the past twelve honthi Jr the vii,as no1 yielded anything like It was Uf8, wbi,-'the public believed uperlntoinB lM and a chanffe ln the does Jn.dent lias been made, but It ,howint0PPia! that the new. man Is bt ter results than his pre-Q- f lessor - - h 1 the to th ' court oV - holders are jubilant. . The reduction works at Reno, Nev., after being idle for two years, are being Development work. is being actively prosecuted on the Cactus group of 4 claims near Milford, which recently passed into the hands of Samuel New-houcome from Very encouraging reports for a consideration of $200,000. . , i the Annie Laurie. Large quantities of ore running as high as $66 to the ton 4 4. 4 have been encountered. The recently reported strike in the 4 4 4 Galena King .of Stockton is turning out all that was expected. A, good body of A big strike is reported in the Tetro. ore running 35 per cent in lead and some : 4 4 silver has been uncovered. 4-Hartwig A. Cohen, president and genvaeral manager of Capt. De La Mars Martha Washington appears to be rious mining enterprises, has returned on a more solid basis. .The Into Salt Lake after an absence' of three getting months in the East and wiir resume ac- debtedness of the company is Said not tive management of the Consolidated to exceed $700 and the indications in the mine are improving. It is expected Mercur company. prepared for reopening. se k ' . I I . ) |