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Show ( The Market and the Mines in looking over the flies of Goodwin's for six months or so back, the miners of Bingham will And the statement that -the law of supply and dew and would soon bring about a voluntary inert; in-ert; ae in. wages. The prediction was made at a i. me when, the miners were holding meetings and talking of a strike for better pay. They wh- ly decided to postpone the strike. Now they i ar0 going to get what they wanted without loss of ;ime, jobs, or good feeling. Twelve of the leading companies have given notice of an in- 1 crease to be announced December 15. Mr. New-housft New-housft has given the employes of the Cactus mine and mill a raise of 25 cents a day and the Bingham operators will hardly be less generous. I The moral of this is that supply and demand is 1 something more than a theory. It works while the striker sleeps. In fact the strike is a crude tost of supply and demand in the labor market. & & & Over at Bingham attention has been called to a peculiar situation by the tragic death of a blacksmith in the office of the Bingham Central company. Thomas "Wlhite, the blacksmith, also I served in the capacity of watchman and had assisted as-sisted in the eviction of certain Austrian miners from houses owned by the company. When he was found dead last Saturday morning with a bullet in his body, his friends at once decided that he had fallen a victim to the vendetta methods of che Austrians. This view was evidently evi-dently accepted by the management of the Bingham Bing-ham Central for Manager D. C. Jackling promptly promp-tly offered a reward of $500 for the arrest and conviction of the suppositious murderers. The county officers, however, hold to the theory that tho shooting of "White was an accident; that lie dropped his gun and happened to be in the path of the bullet when the impact discharged ! the weapon. I dt-Though dt-Though interesting enough as a news story n incident like this would, under ordinary circumstances, cir-cumstances, have no bearing on the mining industry. indus-try. Its significance at this time grows out of the complicated racial conditions at Bingham. I The supposed murder is laid at the door of the I Austrians. All of the laborers and a considerable I portion of the miners in the camp are either I Austrians, Greeks or Finns, in times of excite-I excite-I ment, foreigners are simply foreigners and noth-I noth-I ing more. The hostility against the Austrians I has developed an undiscriminating anti-foreigner I agitation and some have raised the cry: "The I foreigners must go!" I C & t I The same cry was heard two years ago when I an American woman was assaulted by a foreigner I in her home at Murray. It was raised again when I Deputy Sheriff Chidester was crippled for life by an Austrian bullet as he was attempting to keep peace in the foreign colony. The death of White has not created a new feeling, it has simply revived a deep seated sentiment which is never entirely dormant. It Is not confined to- Bingham, either. It exists in a more or less acute stage In every camp where bodies of laborers having different tongues and living in different quarters come in contact. The foreigners will not go, however. Not yet! & In the first heat of resentment over some outrage out-rage mine officials always threaten to get rid of the foreigners, but they think again and they don't do it. Why? Because the foreign labor is needed. The companies can't, or think they can't, find Americans to do their work without paying extravagant wages. The foreigners are imported for the specific purpose of supplying the labor market, and having done so much, the interests inter-ests that demand more labor are not going to forego the advantage of their pocily. & & Aside from the companies the only power that could force the expulsion of the foreigners is or-ganied or-ganied labor. The unions object strenuously to the recruiting of labor abroad and might bo expected ex-pected to do everything in their power to rid themselves of this competition. But they don't The reason is that the foreigners, in many of the mining camps, become the backbone of the unions. They have done so at Bingham. They are more faithful in attendance, more regular in paying dues and more tenacious in a strike than the American. The upshot of the matter is that both the companies and the American workers have reasons for opposing foreign labor, that come to the surface in times of excitement; yet both have other and stronger reasons for letting the foreigner remain. J8 SZ ift Conservative mining men are preparing the public for the reaction which must inevitably follow the present boom in mining shares. Daniel Guggenheim is the latest to sound a note of warning. He says that every successful mine creates a market for the sale of stook' in 800 properties that will never pay a cent. This may be a little strong, but Guggenheim is a past master in the game and his words are entitled to consideration. & & Yet how can you ask investors to disbelievb anything when they see such "killings" as that made by the stockholders in the Mason Valley company at Yorington, Nev. Shares that were to bo had for loss than 50 cents a year ago sell now for $8, that Is if anyone can bo persuaded per-suaded to part with them. George E. Gunn of the American Smelting & Refining Co., owns 51,000 of the 100,000 shares, but he is not selling even one share. It is said that the capital stock f k will soon be increased to a million and the I p; mmm treasury issue offered on the New York exchange. . '( & & & '. '! J Attractive as are the new camps in Nevada HH and California, there are men experience miners fl who believe that Utah has surer roads if not mmt so many short cuts to fortune. Every now and then you hear of a prospector who makes his "stake" in the farther west and returns to Utah ' . ' to Invest it. H. E. McClain has done this very . , fl thing. He formerly worked for the Iowa Buck- i ' ' ,:,, II born company on a. tense in vthe Dugwayfcanoun- I talna. i.hem' work.. .was . dlscQntinueO, McQlaln j; wont to Norada, and while .working as:.a miner : l at Bullfrog, ho .grubstaked . pr.ospeotor..JbQund J ' ,i ' for the Greenwator diggings. Their location was i n ' sold out for a. neat, little fortune.. McGlain, with : the cash in hia pocket, turned his. hack on all the i . glowing promises of Nevada and came straight '. ? rl to Utah. With some of his money he bought a H ; Lv group of claims on the extension of the Buckhorn ; 1 1 ; I vein and, through the Iowa Buckhorn company, he , secured a long lease on the old Buckhorn prop- M erty. He says that he saw many good openings ! ?! in Nevada, but nothing that looked as promising as the Dugway proposition. J )ijH Work in the mines of Utah during the week I i ? ending Wednesday night, was' destitute of sensa- I . tions. Some interest attaches to the announce- l ih, ment that the United States company, hrough a , l j,!! " subsidiary corporaion, has taken a bond and !'f lease on 13 claims adjoining the Centennial at j 7 Eureka and will pay $102,000 within two years if i ' " it decides to exorcise its option. The Tintic dis- 1 I ,; trict also contributes to the news of tho week ! jj the entertaining rumor that Uncle Jesse Knight ! 1 5 ? I' of Provo, is going to build a smelter between 1 ; ! r: Mammoth and RobinSon, in anticipation of a time f i V when the Salt Lake Valley plants will be forced I I . out of business by the farm owners. , j 1 & & & 1 S ;5 : jj' 1 Good Strikes on tho Now Stockton and Honor- ,i3. ine Extension as Stockton, and announcement of 11 ij; a Nevada Hills dividends, were some choice bits ":, of 7- 'ing gossip for Thanksgiving consumption, i 1 1 , The lust named company has about $250,000 in i iiiJL its treasury and the shareholders will receive ! a Ifljl $750,000, or 10 cents a share, December 20. The 1 1 local exchange has been a little dull this week. I J km It may be. the effect of the approaching flnan- i 1 M cial strain of Christmas, or it may be something ; ,' olso. Prices, however,, hayo been well sustained. t t 'Pi & & & j t ' ; , '(, The Nevada issues have been especially favor- ed. Nevada Hills gained 25' cents, closing at j ? ' $3.40, Lou Dillon was up G cents at $5.00 and Ne- , I ' i y vada Fairviow, wont from 31 to 32. Columbus I t ' ; U Con. opened tho week at $0.60, touched bottom Ij j , J at $5.70 and rallied to $0 at the close. New ? York, off 5 at 21 1-2 and Carisa down 17 1-2 at : J i i. $1, were together on the mourners' bench. Daly- ) K Judge opened-at $12.75, sold up to $13 and closed ' !t, : at $12. Colorado Mining was up 4 at 95, Beck j Tunnel, up 10 at $1.40 and Lower Mammoth, up . "fef S 15. Victor Con. cloised at 10, a cent and a j j X nal t0 tllQ Bood. The business of the week Is ; ' f . summarized as follows. Shares sold, 232,170; ! f rj soiling price, $214,551.02; ore and bullion settle- J j ijjL feeilts, $800,700. |