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Show I :JH The Market and the Mines IlrfffmHB vIvd I)lcture o tlle New York mining stock f UnE market is drawn by Henry Peery, who has just I luSIB returned from Gotham. In the foreground we see ' ' 1 HH a11 sorts nnd conditions ot men and women with I HoSHm hands full of coin, currency and ching elbowing 'JIIHHh their way toward a wire-protected counter. In B liBI tla0 taclgroun(1 suave brokers' clerks are taking I ' ' laHSB tne money witn their right hands and passing B ' ''jiBjBl ou Sildcd and bcsealcd stock certificates with B 'IwSmB th0 left As wo turn from this icl,uro and B IffliH imagine the countless rough and rocky acres in B , IBHB our Western land that could bo transformed into B ' "J "iBHB bustling Industrial centers with the assistance . B 9h tllttt cash w "feel to reolco" at Mr peery's B ti' ffifB And tllGn tllG InevItnljl0 Qcs-ion arises: How B 'M noH much of this money will reach the West and B Wli IShIH now mucn will go into the barren acres that I ' M Wmm aro cryln for It? Half of It? Perhaps. If it B ' WMmt gots that much tne West bo fortunate. Yet B ' -WSBB wo should get three-quarters, or four-fifths and- B ' IliflBlB wo wI' 1;liat amount some time when the B 'IHhI 1,nrt from tlie Pcets of tbe investor to the ac- B rfitHH tual mer Is ma(Jo smooth and straight. B ' I B Tno most of is eastern money is being at- B '',13 Bfl tracted by the golden promise of the Western B '1 19fl Nevada fields'. The quick and fabulous returns B i J Unn from the m,nes of Tonopah, Goldfield, Manhattan, B ' '41 BUB ' Bullfrog and Fairview are arguments not to be B i ! ('ffl9B refuted. The newspaper reader sees that the B ''rlBBl Mohawk company at Goldfield has $2,000,000 in B - BB1 its treasury and is receiving royalties at the B i 'tfHB rato of ?5'000 a day tliat a slnSle lease is rais- B t i ' iflB in& ?n0'000 every 24 hours and dumping $1,000 B ' -iBRH oro into Pn cars from workings less than 300 B ' IlifiHH feot decp; tliat five otucr shafts are doing nearly B ItlmB as well an( no s compelled to accept the state- Bi 'llliaHHl tnont that Goldfield has one of the greatest, if Bf' ' IfflBmnHI not tlle Sroatost' sold mines in the world. B 'If ISmi Tu0 Moliawlc lessees are straining every nerve B ' 'iliififlH to set out ore' for tlielr leases expire on the B -nilBl flrst oE January an "vvlll not be renewed. Do- B 'iHfillfi! spite their utmost efforts; despite the special B TWffnH train that is rushing across the country bearing B !BH a now o55llt dril1 compressor for use in the Hays- B jH Monette lease the lessees will leave behind them B jIbIIb Qn Year s day more ore in sist than they B ' ' iiHH The reader of these true fairy tales need not B r'ff59K be tolc 1:11 at tlie Mnawlc i& only one of a bril- B i'lHB Uant galaxy of mines that will be pouring their B '' t-ilBB stream of treasure into the lap of commerce long B ' !!MB after the present owners have passed to a place ' ' FnjB where they can no longer use dividends; that I '' limflBI Manhattan and Bullfrog and Fairview and other ''iiSHK new camps have their Mohawks, still undeveloped and therefore cheap, and that "now Is the time to subscribe." & vJC ' ' Carisa, Beck Tunnel and Colorado- Mining stock have been making a few honest pennies for the holders this last week. Conservative folks used to shy at Carisa. They said that it was touted too much by the newspapers. Despite the efforts of its modest and retiring manager, Harry Joseph, the reporters would praise it. Notwithstanding Notwith-standing all this adulation Carisa kept on finding new ore bodies and shipping larger and larger consignments to market. The payment of dividends divi-dends was begun. Eastern Investors became interested in-terested and now it Is said that a deal is on for the control which will take Carisa out of local . hands. This rumor, strengthened by steady buying, buy-ing, gave the shares unusual strength this week. jt Beck Tunnel is getting back to the figure it held just before dividends were declared, and more than one speculator Is wondering why it was ever allowed to fall below a dollar. In addition addi-tion to the fact that the stopes are yielding their regular quantity of ore and, that shipments are proceedings without interruption the increase in the dividend from two to three cents a share amply explains the jump in price. Colorado Mining, Min-ing, whose property adjoins the Beck Tunnel, seems to be sharing In the good repute of its neighbor and came into strong demard at increased in-creased prices. & & & With a move in prospect that will cut future dividends in half Lower Mammoth not only holds firmly to its former gains, but is actually advancing. ad-vancing. Tho stockholders' meeting called for the purpose of increasing the capital stock from 150,000 to 300,000 shares will be held November 8th. When the change is made the mine will be called upon to supply twice the oro called for in previous calculations, to become a dividend payer. To a casual observer it would seem that tho stock is selling no'V for more than it is worth, or, that it has been selling far below its real value. The question concerns only tho stockholders, however, and what are the odds so long as they are happy? ' Uncle Sam has passed its usua' monthly dividend divi-dend of 1 cent a share without any serious consequences con-sequences to its standing on 'change. The directors direc-tors made the satisfactory explanation that the failure to pungle was not due to any unfavorable conditions at the mine, but to their inability to secure facilities for shipping their product to the smelters. Next month, they say, the $5,000 will be passed out on schedule time. Bearish Influences are apparent in tho con- duct of Columbus Con. Men from the mine at Alta say that the lifting and shipping of ore has continued without a break, but to judge from the market quotations one would imagine that the tunnel had caved in, or the miners had struck, or the vein had pinched, or the shaft house had burned down. It only shows what the bears can do when they decide that a widely distributed stock is ripe for a raid. C & & While these things have been happening to Columbus Con., its little sister, South Columbus, a mere prospect as yet, has actually advanced. There is nothing to account for this either unless un-less it be that someone who sold it short is under un-der the painful necessity of delivering. Contracts ave been let for drifting on two veins bisected by the lower tunnel and for an upraise at a point where the vein matter looks the best. 8 & e Daly-West stockholders are. taking a justifiable interest in the announcement that a raise from the 900 level has established connections with the ledge that has made Little Bell famous. If the values on the Daly-West side of the line" are comparable to those found by the Little Bell it will be like getting a remittance from home, for the extension enters a section of Daly-West territory ter-ritory that has never beon regarded as mineral-bearing mineral-bearing ground. The smelter men are congratulating themselves them-selves on a decision rendered by a jury in the Federal court last week. The twelve men, after hearing a mass of evidence and protracted arguments argu-ments decided that a farmer living between Salt Lake and Murray was not entitled to ?3,000 damages dam-ages from the Utah Con. company for injury to his crops from smelter smoke. tC The bargain stocks have broken even this week. Little Chief at 12 V on Wednesday was "2 cents off, but Scottish Chief more than made Igood the loss by closing the week at the same price, an advance of 4 cents. In fact Scottish Chief was the. sensation of the session. Word was passed around that the mine had added a 3-fcot Vein of 7 per cent, copper ore to its assets, the find being made on the 300 level and this caused the rush. Carisa went up with a hound under the double impetus of a reported strike and the declaration of another dividend. It closed the Week at 51, a net gain of 13 Lower Mammoth opened at G7 and closed, at 70; Uncle Sam went from 37 to 38; Beck Tunnel Tun-nel gained 27 cents, closing at $1.17. South Columbus closed 2 cents up at 50, Victon Con. at G, iyt up; New York at the same price, 28 and May Day at an advance of a half cent from 14. Colorado Mining went from 77 to 80, but Columbus Con. did not get a look into the bull market and closed at $0.30 after opening at $7. tt More gratifying than the upward trend of prices is the record breaking total of the ore and bullion settlements. For the week ending Wednesday this total was $818,000. With such returns as this the stocks are in no imminent danger of over-inflation. The shares sold on the local exchange were 329,304 and their value $193',-335.45. |