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Show INTER-MOUNTAI- INTER-MOUNTA- N MINING REVIEW. filing of weekly reports from the IN su- 3 by corporations. The day of combine has arrived in this branch of speculation as in other enterprises, and an ag- perintendents. But it convenient or possible for stockholders to visit the office of the company and gregation of skill and capital alone spend hours In a search for information starts and maintains most of the largrwntftd to the Mining and Smelting Interests of that the management could readily est mining enterprises of the day. West. the supply, and many of them are therefore kept in a state of complete igThe Beam Process. Boom H C ARTE T by Weekly bushed pr norance as to the operations of the 223 Atlas Block. company. A little more publicity would A new method of treating sulphide TEBMS: certainly result to the advantage of ores, called the Beam- process, is to be ( Payable in Advance. ) minority stockholders used at the Badger mine at Empire, 2.00 Year.. One Colo., where a thirty-to- n 1.00 plant has been gix Months w Misleading Quotations. erected. The Denver Mining Record, Three Months ; To foreign countries except Mexico and Canada, after stating that the process is in$3 per year, postage prepaid. Eastern promoters recently attempted tended for the treatment of copper Er'ered at the Salt Ijake City Postoffice as to place the Centennial-Eurek- a mine and Iron sulphurets carrying gold, second-clas- s niatter. at London, England, for $150 per share gives this description: Beam Brothers on the present capitalization, or four offer a novel method in the winning of 64 and 65 Merchants Office: Francisco gx and a half millions. One of the heav- values from mineral of this character, Exchange, where this paper is kept on, file. Ad be made with E. C. iest stockholders in can contracts rertiing the company re- and Superintendent II. J. Clark is very 0akt Af!0Qti lates that, when the scheme was laid positive it is not to prove one of the Chicago Office : 761 Monadnock Building. before the financiers, at a meeting many processes against which the vercalled for that purpose, one of them dict is entered up, worthless. He exSalt Lake City, Sept. 24, 1896. produced a copy of the Mining Review pects to save 95 per cent of the valof recent date, showing that the stock ues in gold and copper, the preliminary was quoted at Salt Lake at $70 per tests fully warranting this anticipaMining Publicity. share. Why, he asked, addressing tion. The ore is received, or unloaded, onto In a comparison of the methods of the promoters, do you expect us to English and American mining com- pay $150 per share for stock, when, ac- a drying floor of iron beneath which panies the advantage is certainly on cording to this paper, which is a re- pass the waste gases from the furthe side of the Britishers in at least liable journal, we can get all we want naces, spoken of below. Thence the The others ore is fed to a Crawford breaker, passone important respect. It seems to be of it at $70 per share? the desire, as it is the general pract- present took the same view of it, and ed over rolls to an inclined bolting cylinder, where it is forced through ice, to give the greatest publicity to the proposition was rejected. Now those English capitalists were sieves 30 meshes to the inch. In this every detail concerning the operation of the mine, condition of the property certainly tremendously ignorant of the condition it is ready for the furnaces. and the state of the companys significance of stock exchange quotas Of these there are six muffles having a finances. Stockholders are at all times tions. The quotation was all right, capacity of 800 pounds each. The ore given free access to all books, accounts and the stock was actually offered at is roasted with carbon, the muffle being and reports and full statements are the price stated, but, at the same time, sealed up so that no air can enter published monthly. To just what ex- there were probably not 200 shares on and the fumes of sulphur, arsenic or tent the English statutes are a factor the market, and not even half of that other volatile ingredients are not alin promoting this publicity we are not number could have been purchased at lowed to escape. At the proper stage informed, but if it is all on account such figures. The same stock was of the roasting hot air is forced in on of the law, a vigorous application of quoted last week at $61, yet an order top of the charge. The ore when roastsimilar legislation should be adminis- for fifty shares would have sent it to ed is discharged through an opening in tered to some of our American com- $70. Mercur is offered at about $6, but the rear of the muffle and is taken by screw conveyor to a tank of hot wapanies. Many incorporations on this no big order could be filled under $7. a side of the water resort to every de- Stocks are frequently offered in such ter, where the copper contents goes invice to keep themselves and their rainsmall blocks that investors will not to solution and the copper is afterward bow prospects before the public until touch them, yet these small offerings precipitated by passing the liquor over iron. they have disposed of their treasury establish a market quotation. People scrap The pulp, thus freed from copper, is stock and pocketed the publics cash, should not be misled into the belief when a mighty change is wrought and that the-- . market quotation indicates conveyed to a Crawford pulverizer, of a policy of secrecy and mystery ensues. the value of the stock, and this is es- which there are two, and is further reor finer. Now the There are honorable and shining ex- pecially true in these hard times. They duced to ceptions to the rule, but right here in simply show the prices at which some gold is free and ready for amalgamaUtah there are companies that regard small lots may be picked up. On the tion, and the pulp is passed to the first amalgamating tank. This is about 12 the intrusion of a newspaper reporter other hand, the offerings are someas a piece of outrageous impertinence, times at figures far above the market, feet in diameter, four feet high and even though their stock is widely disand ridiculously low bids are frequent- made of iron. In the bottom there is tributed in. the hands of people whose ly made and officially reported. The quicksilver and oak plank held down only convenient source of information only reasonably satisfactory guide is by iron bars, forming an improved is the press. Some managements even the figure at which actual sales of arastra. The pulp passes through a deem it the part of wisdom and fair-size- d blocks are made. A skillful second iron amalgamating tank of the shrewdness to disseminate misleading jugglery of stock exchange quotations same size as the first, that is lined with information in their anxiety to keep induces many people to buy or sell at copper. On the sides the sheet copper is two inches from the iron, and the the public in the dark, but these are the wrong time. pulp is made to pass under the copper exceptions. which does not reach to the bot'I'be rights of stockholders is a sub But a few years ago mining was con- lining, tom of the tank. There is a stirring capitalEastern Jeet frequently by sidered unprofitable not but discussed, apparatus of copper arms that thordifferent proposition a is very It ists. Under understood. thoroughly the pulp. In this secthe Utah statutes any stockholder has now, and a gold property is at a pre- oughly agitates wina right to demand access to any such mium. Business men and investors are ond amalgamating tank the final of the gold takes place, and it is books, accounts papers or reports as beginning to realize that in these days ning believed the tailings discharged from in any be may desire to profits almost impossible of inspect or examine, here will practically contain no precious and the officer or agent of the company Une of mercantile business, that mining is no in- metal. there who refuses to on intelligently, carried examinatpermit such ion is guilty of a misdemeanor. Un-d- vestment equally as good and certain conThe seventy-firthe Colorado statute the company to return dividends. There is also a vention of the American Institute of to operate on a is liable for is in session at Denany damage to the stock- noticeable inclination Engineers Mining minevery holder that that nearly may result from such re- - larger scale and ver thi3 week. are projected nsal. One or two States nowadays require the ing operation is not always MINING REVIEW. Inter-Mounta- in - 130-mes- h, al-wa- ys er st semi-annu- al |