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Show THE INTER-MOUNTA- -- STOCKS MINING-REVIE- IN . . . . . LISTED ON THE SALT- - LAKE STOCK AND. . . ... W. . t 9 illNING EXCHANGE of company. NAME - Ajax- Allianz Anchor Annie Brick . . Jonsolidated Bullion-Bec- k Centennial-Eurek- a Daiy.v. & Lark Dalton Daly. West Eagle East Gulden Gate Eureka Hill four Aces Galen:-- - Geysei Gemini Hersch-- 1 Silver Horn Mammoth Malvern Mercui Marion Ontario Overland King Silver Sioux-Consolidat- ed Sunshine Utah Total This list is incomplete, as in my Utah mines have been and are now operated at great protit by individuals and Twelve millions would be a conservative estimate of the amount of dividends paid by these mines. dividends. hangar MINING STOCK REVIEW. ' mining stocks were decidedly weak;' and though prices generally were on a decline, but few transactions were recorded through the medium of the Stock Exchange. Two days out of the six were allowed to pass without sales, and the transactions on the remaining four would not have been material except that small blocks of Anchor and Minnoth changed hands. Brokers with outside clients report an increasing inquiry for Utah mining investment stocks, and if this condition maintaians it cannot fail to materalize In more demands and better prices. Ajax opened weaker than at the close of the previous week, and was held as low as 50 cents, but slightly toward the close. The property appears to be in a condition to warrant a much higher quotatiion of the stock. Its ore output ran nearly 11,000 per day during the week. A test run on 1500 tons of its low grade ores has been started through the Sioux mill. Anchor fluctuated but little, and recorded a transfer of 103 shares at 31.15. k was in stronger demand and enjoyed Ms of 35.60, but it was not to be secured under $6. There is a prevailing belief that some important ore bodies have been opened up on the lower levels, but rumor could not be continued. Centennial-Eurek- a was an offering all week at 565 Kit received but one bid, 356. hjlton & Lark was at no time in demand and could be had at 33 to 43 cents. The company has announced tie suspension of d.vMends owing to the low price of to metals. Daly cuntiuues weak being held at 37, "ithno demands for th stock. Daly-Weis held at week's figures with better bids, but buyers and Local re-cov- erd Bullion-Bec- e st ers are still 35 The cents apart. sensation of the week was furnised by East jjlden Gate which opened with offerings at 2 cents jbest bid le'ng d a cent. The slump appears to 'e originated with a general belief that an assess-Jewas about to be levied. It was denied however fa an assessment was contemplated at the immedi-a- e present, and at the close the stock was in demand 2 cents and was held at 6. The drill in the hole be-'"- S sunk broke last week and has not jet been re- nt JV Jtin ' a rg!i -- covered. This and other conditions point. to a probable assessment in the near future. Four Aces enjoyed a decided advance and made sales as high as 21 cents; At the close it was held at 25 with bids of 16, Horn Silver is inactive and will probably remain so until after the annual meeting on the 6th inst. It is on offering at $2. Mammoth commanded better figures and sold at 52, which price however failed to bring out any of the stock at the close. The monthly dividend of 5 cents per share was paid on Oct. 1st. Mercur declined some'and could be had at 35.95, with scarcely, any demand. Ontaiio was not wanted during, the week although it could be had for 310.50. A dividend of 10 cents per share was paid Sept. 30th. Sunshine suffered severely being beared at the opening to $1.85, with bids of 3L25, at the close it was offered at 32.25 but the bids did not advance. Of the d stocks Swansea was the favorite and though the bidding was eager the stock could not be brought out for less than $2.10. What is practically an additional ore body has been opened up in the mine, and at last reports was live feet in width. Another dividend of 5 cents a share is declared, payable October- 10th. South Swansea sold at 75 to 76 cents. Buckeye at 4. Dalton at 2$, and Richmond-Anacond- a non-liste- - at The non-liste- d 2. cl.se corporations that do not publish their ASSESSMENTS. The contracts for the Northern Light mill have been let, White & Ford receiving the building portion of the work and Silver Bros., the well known, loeal machinery builders, the crushing machinery and leaching tanks part. The contracts involve an estimated expenditure of $22,000, and if the terms are complied with, the sixth cyanide plant in Tooele county will be completed and in operation before Christmas. The nominal crushing capacity of the mill will be 200 tons per day, but, for the present, tanks to a capacity of fifty tons only will be put in. While the Northern Light plant will be identical in its features with the other cyanide plants in Mercur, it will perform a slightly different work. The Northern Light has two veins, each of which carries gold and silver, and both ores will be treated similarly by the cyanide process. ABSTRACT OF RECENT MINING DECISIONS. stocks closed as follows: Prepared , for The Mining Review by George Webtervelt, attorney-at-lawSalt Luko City, Utah. A Jurisdiction of Federal Courts Federal Question. suit brought in pursuance of U. S. Rev. Stat., Sec. 2326, and based upon an adverse claim made upon the filing of an application for a patent tor mining ground, is a suit arising under the laws of the United States. Burke v. Concentrating Co., 46 Fed., Rep. 644 Bushnell vs. Smelting Co., 13 Sup. Ct. Rep. 771, 148 682 distinguished. Ruttter v. Shoshone Min. Co. 75 Fed. Rep. 37. (Circuit court, Dist. Idaho, June 22, 1896.) U. S. Equitable and Legal Actions Adverse Claim to Mining Ground. Suits brought in pursuance of U. S. Rev. Stat., Sec. 2326, to settle adverse claims to mining ground, are in their nature equitable, and not legal, actions. Doe v. Mining Co., 43 Fed. Rep. 219, followed.. Ibid. |