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Show The Market and the Miners I - Conservatism still prevails, in the industrial stock and bond market. Holders of 'the best-sse-: curities show no disposition to let go and the lack of opportunity for quick turns keeps out the speculating element. Consolidated Wagpn-paid an extra dividend of 2 per cent on preferred. . and ' s; i 9 per cent on common Thursday. The approach- f ing distribution caused both varieties to be much' sought after during the early part of the week. : Idaho Sugar had a similar experience. 1 A dividend was scheduled for Thursday. The wise ones went' out into the highways and byways. Tn a short ' time all the cheap stock was swept up and quota-f quota-f ti&ls were advanced from $10.05 to $10.25. Bonds still look good to the bidders, but they are also atractive to the holders, which puts a damper on trading. A few transactions in bonds were recorded, re-corded, however. Nine shares have declared extra dividends during the past year. The highest of these extras Was 20 per cent by the Deseret Savings Sav-ings bank. The others, with their total dividends; including the extras, are as follows: Home Fire," 10; Deseret National, 17; Z. C. M. I., 10; Ogden j First National, 18; Barnes Banking Co., 12; Thatcher Bros., 10; Provo Commercial & Sav-I Sav-I ings, 10, and Ogden Saving, 12 per cent. The ' quotations at the close of business Wednesday, as" furnished by John C. Cutler, Jr., are: Bid. Asked: Amalgamated Sugar Co., pfd $ 99 00 $100 00- Amalgamated Sugar Co., com... 182 00 183 00, . Beneficial Life Insurance Co 99 00 100 0Q Barnes Banking Co., Kaysville... 125 00 130 00 I Con. Wagon & Machine Co., pfd. 100 00 112 00' " Coii. Wagon & Machine Co., com. -100 -00 105 00 Commercial National Bank 114- 00 4-1 8 00 Deseret National Bank 290 00 293 00 Deseret Savings Bank 425 00 430 00 Davis County Bank, Farmington. 115 00 120 00 First National Bank, Ogden 285 001290 00 First National Bank, Murray 115 00 120 00 Home Fire Insurance 170 00 172 00 Lewiston Sugar Co 12 95 13 05 Lehi Commercial & Savings Bank 119 00 120 00 National Bank of the Republic. 135 00 140.00' ' Ogden Savings Bank 197 00 20000' Provo Com. & Savings Bank 137 00 140 00 Rocky Mt. Bell Tel. Co 91 00 92 00 State Bank of Utah -200 00 20100- Sanpete & Sevier Sugar Co 9 70 10 00 Sugar City Townsite Co 165 00 170 00 The Utah Sugar Co., pfd 9 95 10 00 The Utah Sugar Co., com....;.. 2 75 2 80 The Idaho Sugar Co ". .10 25 10 40 Thatcher Bros. Banking Co., Log. 127 $0 129 00 Utah National Bank 157 00 158 00 Western Idaho Sugar Co 9 90 10 00 Zion's Savings Bank & Trust Co. 195 00 197 00 . Z. C. M. 1 178 00 180 00 'Western Idaho Sugar Co. opts.. 1.0 JO 10 15 Sanpete & Sevier Sugar Co. opts. 10 10 10 15 t , , -Jdl '"7 ' ' t BONDS. fCfturch".." ... ' 101 101 SanrLake' City Railroad 101 101 Salt -Ltikfe 'City R, R., 2nd mtg... 101 101 Sumpter .Valley Railroad 102 104 Utah County Light & Power Cq. 102 ' 104 "" 1 MINING EXCHANGE. , In the midst of heavy trading this week the Mining Exchange found time to adjust its house-hold house-hold affairs for the coming year. It elected as .members of. its board of governors James A. Pollock, Pol-lock, H. W. Doscher, W. J. Browning, Joseph Oberndojfer, J. W. Hatfield, R. J. Evans, Timothy Egan, J. M. Hamilton, and George T. Badger. At a subsequent session of the board Mr. Pollock Pol-lock was re-elected president, Messrs. Obern-dorfer, Obern-dorfer, Evans and Browning as first, second and third vice-presidents; G. P. Norton, treasurer, and James A. Shorten, secretary. The business of the week ending Wednesday afternoon shows a large gain in the number of shares sold but a slight decline in the amount of money paid for them. The number of shares" was 247,417 as against 176,077 during the preceding week. Values declined from $125,331.99 to $123,-127.97. $123,-127.97. Ore and bullion settlements are on the right side of the ledger, aggregating $540,200, or $43,000 ore than last week. While six of the ten leading shares of the week declined, the total market value of the ten increased from $19.93 5-8 to $22.08" 1-2. The climbers were Daly-Judge, from $&95 to $11.10; Butler-Liberal, 7 7-8 to 10 5-8; Columbus Con.; $4.41 to $4.75, and New York 16 1-2 to 22. The list of sinkers includes Carisa, from 24 to 23 1-4; Lower "Mammoth, from 40 1-2 . to 36 1-4; May Day, 16 1-2 to 14 7-8; Little Bell, from $4.83 to $455; Beck Tunnel, 55 1-4 to 48; Star Con., 14 to 13 1-2. BINGHAM. Utah Copper has contributed liberally to the mining1 news of the week. The first annual meeting meet-ing of the company was held in Jersey City on Tuesday. From the reports presented it is learned that the proceeds of the milling operations were $198,737.95. It is estimated that the first unit of the new. mill will handle 3000 tons of ore and extract ex-tract the copper at a maximum cost of 8 cents a . pound. .The average assay returns on the ore from the mine were 1.98 per cent, copper, .016 ounces gold and .15 ounces silver. The directors elected C. M. MacNeill, president; D. C. Jackling, vice-president and general manager; John Hays Hammond, mining director; the latter representing represent-ing the Guggenheim interests which are now in virtual control of the property. .A sensational episode of the week was the publication of a let- i ter from Col. fi. A! Wafr, to President MacNeill, tiM in which he 'severely criticises the mining and il milling methods followed by Manager Jackling, objects to the site chosen for the new mill and il urges a return' to older nVethbds of concentration. Men familiar with cbrid'i'aohs at Bingham do not jH consider Col. Wall's points weirtakeh and the re- jjH cord of Mr. Jackling in Bingham is an answer to iH the charges of indifference and inefficiency. That the directors of the company agree with the pop- ular verdict in indicated by the re-election of Mr. Jackling as general manager. A Boston publica- 11 .tion affirms that there is no hitch in the Bingham 11 copper merger and that a consolidation is to be lfl effected on the basis of 3 shares Boston Con., 2 81 1-2 shares Utah Copper and 10 Bhares Cactus to each share in the new company. The sale of 30,- 000 shares of. Bingham Con. at Boston at $35 is taken as an indication that the merger people are hot on its trail. TINTIC. Yankee Con. directors will break ground for a mill April 1, and it is thought the plant will be in commission by the first of June. It will han- IH die all the second-class ores. The prediction is made that the United States company will soon begin negotiations for the acquisition for all Tin-tic's Tin-tic's biggest producers, including the Grand Cen-tral, Cen-tral, Mammoth and Victoria, the purpose being to secure a limitless supply of suitable smelting ore. The Mammoth company has reincorpora-ted reincorpora-ted for an additional twenty-five-year' term. .It has opened its property to a depth of 2,100 feet, and has paid nearly $2,000,000 in dividends. Carisa is now shipping from four to six cars a 'H day. Grand Central will sink a winze iH 300 or 400 feet below its- lowest level at ifl a point where the ore is richest, and, at jH the same time, continue the sinking of the main shaft. A report that a large body of lead ore had been found on the 400 level caused May Day to be in demand this week, but the management de-nies de-nies a strike of the character reported. Tintic shipments last week amounted to 170 cars. Cen-tennial Cen-tennial produced 54, Gemini 20, Mammoth 17, ' Grand Central and Dragon Iron each 14 and jH Beck tunnel 11. ALL OVER UTAH. The Honerine tunnel at Stockton has been iH driven into an eight foot, vein of galena near the iH point where connection is to be made with the jH shaft. The same ledge was found 300 feet above where it was ultra copper, thus proving its con-tinuity con-tinuity and increasing value with depth. Fifty feet of work will complete the connection be-tween be-tween the shaft and the long drain tunnel. i 1 |