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Show 10 INTER-MOUNTAI- MINING REVIEW. N ' lion, $16,728. National Bank of the Republic, ores, $2500. Why are Good nines for Sale? ORE AND BULLION. This question is probably the hardest oner that mining brokers have to contend with. Purchasers of mining properties are a very suspicious set, and in- The output of the Salt Lake smelters for the week ending yesterday showred a slight increase over the previous Week, while there wras a decrease in the amount of ores sent to market. The total base bullion output of the smelters wras $92,272; copper matte, $14,000; Ontario and Daly silver, cyanides, $23,500; miscellaneous gold and silver bars, $12,325; total bullion output, $169,S29, against $150,000 the previous week. The ore purchases aggregated $102,910, not including those of the Pennsylvania smelter, against $110,411 the previous week. The diminished ore output of the Colorado camps is beginning to be felt by the smelters of that State and they are again putting forth tremendous efforts to secure Utah ores. The Salt Lake smelters, however, profiting by experiences of the past, have so improved their facilities that they are now in shape to meet outside competition and are making such rates as will induce the treatment of a greater proportion of the Utah ores at home. The manager of one of the local plants, replying to an accusation from Colorado, that the Utah smelters wrere cutting We are simply giving rates, said: them a dose of their own medicine. They started the rate cutting and wre Were obliged to protect our own interests. It may be true that they cannot do business here, and we do not propose that they shall if we can help it. I do not believe there wras ever a time when the Utah ore producers so much for their ores as now. In some instances they are taken at an actual loss. It is a mistaken notion that the smelters have been making large profits. We figure on a margin of but 25 to 50 cents per ton and the treatment charges are now down to the lowest possible point at which the smelters can be operated. Base bullion shipped by the smelters during the wreek as follows: Pennsylvania, $29,197; Germania, Hanauer, $19,275 in bullion and $14,000 in matte; total, $106,272. Ore purchases were reported as follows: Bamberger & McMillan, $15,310; Germania, $28,300; Hanauer, $41,900. McCornick & Co. handled cyanides of the value of $23,500; gold bars, $5825. Commercial National bank, bullion, $6500; ores, $14,400. Bank of Salt Lake, ores, $3000. Walker Bros., Alice bul variably look upon a good property that is offered with dubious eyes, and about the first question asked is: Why do you want to sell? Generally this question can be answered in the following simple statement: In a great many instances the owners are men whose lives have been spent in poverty and a daily struggle for existence. They know they have a fortune; they have had enough of battle and strife. They want to enjoy life. They have dreamed of a good time, and they want to realize their dreams. The man, no matter whether young or old, who never before had a dollar, who suddenly finds himself the owner of property worth many thousands, had an uncontrollable desire to see his fortune in shining gold or crisp bank notes. He wants to take life easy. He wants to move out of a miners cabin into a home provided with the luxuries of life, and he dont want to wait. He has not been wealthy long enough to want more. He feels that he will never want more, but what he has in the way of property he wants to convert at once into cash. It may be added that there are now many prospectors climbing the mountain sides, searching for the precious metals, who have owned great mines, sold them and wasted the money having a good time. Mining Investor. Representative Critchlow has introduced in the Utah Legislature a bill providing for the leasing of State mineral lands, in parcels forty by eighty rods at an annual rental of $5 per acre h and of the net proceeds of all minerals mined. In lieu of the cash rental of $5 per acre the lessee may expend a like sum in labor or valuable improvements. The incorporation bill which levies a fee of 50 cents per thousand dollars of capitalization, is hung up in the House committee, where Utah mining men pray it piay remain. However, if passed, it will be without effect for some time to come, so far as mining men are concerned, nearly every mining claim in the State will have been one-tent- $27,-73- 2; re-civ- ed $43,-80- 0; Incorporated under the Laws of Utah, SILVER. Record Prices. of ten Highest (covering a period 1890. 19, years) $1,19, August Lowest, 58c, March 3 and 5, 1894.. The Week's Prices, 68 Thursday 68Monday 68 Friday ..68Tuesday 68 6S Wednesday Saturday LEAD. Record Prices. of ten years), Highest (covering a period 1890. October and in November, $5.25, Lowest, $2.874, January 10, 1896. The Week's Prices. Lead remained at $3.05 until Tuesday, when it dropped to $3. Eastern advices indicate a diminished demand and a falling tendency. Nickel in 1895. The chief use of this metal has continued to be as an alloy in the manufacture of steel, the demand in this direction having still felt the impetus given by the very successful tests of armor plate made of nickel-stein different countries. The production of nickel in the United States from native ores has practically ceased, and nearly or quite all the nickel refined or consumed in this country is of Canadian origin. The other sources of nickel supply are the French colony of New Caledonia and Norway, the production of Sweden, which at one time wras of some importance, having practically ceased. The amount imported into this country from Canada in the form of matte (all refined here) shows a falling off from 1894, the figures being 3,138,400 pounds for 1895, against 4,897,191 pounds in 1894. With the Russian contracts already secured for armor plate by manufactures in this country, and the certainty of increase in our owrn consumption for the same purpose, the demand is sure to become greater, and the lower price makes the metal just so . much mqre available as an alloy with steel. In spite of a rumored agreement between the French company controlling the New Caledonia supply and the refiners in this country to maintain the price and probably raise it, the present low figure of 25 cents in large amounts will tend to extend its use, and recent improvements in refining cheapening very materially the cost as hitherto treated will tend to keep down the price. el 189G. CAMP FLOYD MINING DISTRICT, UTAII. 600,000 SHARES, $10 EACH. CAPITAL, $6,000,000 President, ARTHUR W. PERECO. PAUL J. CARNEY. Vice-Preside- nt, Main Office: CARNEY, PERECO & CO., Mercur, Utah. Treasurer, CHARLES M. MclNTYRE. Secretary, HARRY FERGUSON. Chicago Office: New York Office: CEO. A. WEBSTER, CHAS. D. BURWELL, 44 Madison St. 55 Broadway. London Office: N. S. CAMBRILL, 66 Front St. This Company now owns n valuable group of nine claims adjoining the Omaha in Mercur ; also a group of five claims in Hot Springs Mining District, besides many bonds and leases on valuable Camp Floyd mining property. The Company will furnish reliable information to intending purchasers, particularly in relation to Mercur mines. A limited amount of Treasury Stock of this Company at 25c. a sliare, is being offered for sale. Application for same can bo made to Breeze & Burns, 76 Commercial Block, Salt Lake City, and td Carney, Perego & Co . , Mercur. . |