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Show INTER-MOUNTAI- N MINING REVIEW. 9 STOCKS LISTED ON THE SALT LAKE STOCK AND MINING EXCHANGE. This list is incomplete, as many Utah mines have been and are now operated at great profit by individuals and close corporations that do not pnblish their dividends. Twelve millions wonld be a conservative estimate of the amount of dividends paid by these mines. JIININQ STOCK REVIEW. The past week in mining stocks has been but fairly active in actual trading, although inquiry has been strong, and, as a rule, prices were well sus- tained. With the exception of a break in Ajax, the week was without noteworthy feature. The total transactions on 'change for the week ending yester day were 5900 shares of listed and shares of unlisted stocks. Ajax was made the victim of a bear raid on Saturday, on the expectation that a considerable block would be thrown upon the market, and broke from $1.05 to 86c, but speedily recovered the lost ground. Parties who have been seeking control of the property have recently renewed their efforts, but thus far without success. Alliance found sale at 50 cents, Anchor was unchanged and Annie was inactive. An unusual inquiry for Bullion-Bec- k was developed during the week at prices around $6.156.25, but no stock was brought out. There seems to be some doubt concerning the dividend payment this month, and the management declines to give out any 46,-6- 00 Mercur was firm around $7.50. A number of inquiries were received from the East concerning this stock. The monthly dividend of 12& cents per share will be paid on the 20th. The arrival in this city of the representatives of the Gold and Silver Extraction company of America has again called, attention to the heavy royalty claims pending against the Mercur company, and early developments are likely to exert an adverse influence upon the stock. Ontario found bids of $13.0013.25, but very little stock can be had under $14. Silver King is still held beyond the reach of buyers, and Sioux Con. was inactive. There is a possibility of a large offering of the latter stock in the near future. The property is in shape for profitable operation and the stock should command a good figure. Sunshine suffered a further slump, with a light demand. Some doubts are expressed as to the correctness of recent unofficial figures, showing that the average yield during the first months operation was $11 per ton. It is claimed that the values were much lower, but sufficient for a good margin of profit. Utah paid its regular monthly dividend of 2 cents per share, making $150,-00- 0 to date. Its companion, the Ga lena, paid 3 cents, increasing its total to $18,000. There is no silver property, perhaps, in the United States that is paying dividends under such adverse conditions. The mines are operated by a horse whim to a depth of 500 feet; the ore is hauled seventy-fiv- e miles by 150 miles and wagon by rail, and the two mines pay dividends of 5 cents per month. Very little of the ore carries option at $90 per share, net, accelerated the upward movement of the stock. Several hundred shares were sold at $72.50, and transfers of smaller blocks are reported at $7475. The working force at the mine has been slightly reduced, but the output will not be materially affected. The prospect for the consummation of the sale of the mine for $3,000,000 is said less than 100 ounces. to be first-clas- s. The slump in Dalton was the only Dalton and Lark sold quite freely at 50 cents, the price placed by the com- important feature of the unlisted pany upon its treasury stock. This is stocks. The recent assessment will be a valuation of $1,250,000 for the prop- delinquent on the 18th, and some of the holders are compelled to get from erty. The stock ought to be well under. was was Daly unchanged, but there an active demand st at worth the going prices. for Daly-WeLittle Pittsburg furnished the usual slightly advanced figures. Sales of East Golden Gate were re- recreation and fluctuated within the corded at previous figures. usual range block of Gas changed A fair-size- d one new of Herschel, the stocks, found sale at 14 cents, and the sale of hands on the strength, probably, of the 25,000 shares of terasury stock by the option recently taken by an English company at 10 cents is reported. company. The option covers the conMammoth just ibout held the re- trol, and is on the basis of 50 cents cent advance, but there was very little per share, conditioned, however, upon trading, as the holders anticipate fur- the conveyance of wells located on ther appreciation. lands adjacent to those of the company. A number of new stocks made their Negotiations are said to be on foot looking to a settlement of the litiga-a- u appearance in the exchange and were between the Marion and Geyser. received according to their merits. A a compromise be effected, it is great deal of stock in these new comthat some of the Marion stock panies is now being placed. The t)eved would be offered on the market, while Mercur Mammoth reports orders for blocks, and other meritorious geyser would gain strength and ac- - several are shares finding buyers. The Centennial-Eurek- a But one Utah stock found sale on the New York Consolidated Stock and Petroleum Exchange last week, 100 shares of Horn Silver having changed hands at $2.10. The unlisted stocks closed as follows: Scale in Boilers. A new way of getting rid of scale in a boiler is credited by a Boston paper to an engineer in that city. The scale came from the use of well water. The feed pipe enters the front of the boiler just about the water line, and has slots cut in it about an eighth of an inch wide, instead of the ordinary spraying method of distributing the water, and surrounding the feed pipes in the larger pipe, about six inches in diameter and cut away at the top; the feed water enters the boiler and discharges through the slot in the feed, depositing all the foreign matter in this water into the catch pipe instead of into the boiler the success of the plan depending upon having a high temperature of feed about the boiling point, when the solids held in suspension of or solution in water will be deposited. Judge E. T. Colborn, having stirred up the Eastern exchanges on the subject of Utah stocks, has resumed busi- ness at the callers desk of the Salt Lake exchange. |