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Show 4 INTER-MOUNTAI- mints within four days changed the commercial ratio of silver to gold from to 1 to 30 to 1. If the closing of the 24 mints of a third-rat- e semi-barbar- ic power resulted in a change of 25 per cent in the ratio, would it not be reasonable to presume that the opening of the mints of the strongest commercial power in the world would exert a far greater inuence? If the closing of the Indian mints appreciated gold 25 per cent, would not the opening of the American mints depreciate gold 43 per cent, and restore parity at 16 to 1? If not, why not? MINING REVIEW. N Mineral Production. ly in the matter of excluding fictitious deals and improper manipulation of The report of the United States Geo- stocks a laxity has been shown not at logical Survey upon the mineral pro- all to the credit of the institution, and ducts of the United States for the cal- when the exchange resumes business endar year 1895, prepared by Dr. David it should be with a determination that T. Day, has just been made public. The everything shall be conducted as total value of the products is $611,795,-29- on the square as it is possible tonearly conThis stands against a production duct the business of any exchange. valued at $527,368,594 for 1894. This is There have been many changes in an increase of $S0,000,000. The quantity since the exchange was orand value of the various products for membership ganized, and the following is a correct the year were as follows: list of the present active membership: Pig iron, 9,446,308 tons, $105,198550; sil- OFFICERS. Pig iron, 9,446,308 tons, $105,19S,550; John W. Donnellan, E. II. Airis, 3rd ounces, $49,000,000; copper, president IT. Bacon, E. James J. Carter, SOS pounds, $38,682,346; lead, 161,440 1st treasurer. 0. sil-2,273,6- 29 I 381,-10- 6, While London has recently been pur- suing very carefully a policy in the trade in silver in order to prevent an advance in the price, Japan has been taking advantage of Londons action and buying of silver at San Francisco. England has been shaking the tree and Japan picking up the fruit. The output of the smelters has increased, but it has not come to New York. This is a hint for New York. Japan has found that she can bring her silver supply directly across the Pacific instead of having it pass through New York and London and travel around the world. Japan has no patent on her discovery and China can follow suit. Financial Record. hand-to-mou- th Experiments lately made in England show that if a ball of solid iron is lowered into a mass of liquid iron by means of a metal fork, the ball at first sinks to the bottom with the fork. But in a few seconds it leaves the prongs and rises to the surface, where it continues to float until It melts. This rising is explained by the expansion of the ball, due to heating, whereby it becomes, bulk for bulk, less dense than the molten metal. vice-preside- tons, $10,665,040; zinc, 89,686 tons, $6,278,-02quicksilver, 36,104 pounds, $1,337,131; aluminum, 920,000 pounds, $464,600; anti- 0; mony, 450 pounds, $68,000; nickel, 10,302 pounds, $3091; platinum, 150 pounds, $900. Total, $270,453,979. Bituminous coal, 135,118,193 tons, Pennsylvania anthracite, tons, $82,019,272; building stone, 34,888,816 tons; petroleum, 52,983,526 bar$115,-749,77- 15,-785,1- 1; 22 rels, $57,691,279; natural gas, $13,086,650; brick clay, $19,000,000; clay (all other than brick), $800,000; cement, $5,482,514; mineral waters, $4,254,237; phosphate rock, $3,497,918; salt, 13,669,649 tons, 0S6; limestone for iron flux, $2,620,-97- 4; zinc, white, $2,000,000. $4,-42- 3, Gypsum, $807,477; borax, $595,900; min- eral paints, $618,352; fibrous talc, $348,281; soapstone, grindstones, $207,-76- 0, $370,895; asphaltum, $271,695. $113,621; pyrites, $322,-84- 5; Precious stones, corundum and emery, $106,256; oil stones, etc., $143,204; mica, $53,831; barytes, $68,321; bromile, $134,343; fluorspar, $24,000; fieldspar, $119,775; manganese ore, $71,769; flint, $239,400; mona-zit$137,400; graphite, $80,400; bauxile, $44,000; sulphur, $42,000; fullers earth, $41,400; marls, $30,000; infusorial earth, $20,514; millstones, $22,542; chromic iron ore, $16,795; cobalt oxide, $20,675; magPropping up gold notes with silver is nesite, $17,000; asbestos, $13,525; rutile, one of the peculiar straits to which the $350. single gold standard has driven the The Salt Lake Exchange. decree A Government. royal Spanish authorizes the Spanish bank at Havana The governing committee of the Salt to emit $12,000,000 in gold bills, to be Lake Stock and Mining Exchange have used in discharging Government obli- decided to give the brokers a vacation gations, and the Government will de- of thirty days, commencing today, and posit with the bank $13,000,000 in silver. when the callers hammer falls again, the entire upon August 1st, it will be In more This is more than one-thiannual production of the United States. spacious quarters in the Brigham Young Trust building in Commercial Idaho editors refuse to be hedged street. July is usually a month of stagabout by journalistic courtesy, when nation, and as many brokers and specdiscussing the silver question, and this ulators will be out of the city, the i9 the manner in which the Weiser Sig- market will doubtless be able to nal pitchforks the Boise Statesman: care of itself during the month. take As white-livereGood-bycowardly, the funds of the exchange are tied up rag! Adieu, traitor to every Idaho by the bank failure, an assessment of $5 has been levied upon the members, is and it a with meeting prompt reForty-nin- e Silver City subscribers of The Salt Lake Exchange will the Boise Statesman ordered the paper sponse. not be permitted to go the way of Its stopped when it announced its purnotwithstanding the prepose to support the gold standard can- predecessors, of dictions its early demise. During the didate for the Presidency. Fifteen subscribers at the Black Jack mine, near six months of its existence it has acSilver City, also withdrew their patron- complished much good in the way of stimulating interest in mining stocks age. and regulating prices, and trading Thomas A. Edison has received an in stocks has increased to such order from a Pennsylvanian for one proportions that an has pound of X rays. He is probably the come to be regarded exchange as a pubsame chap who admitted that the sil- lic The administration necessity. ver men might get 16 to 1, but was of the exchange has been above ready to bet they would never be able to secure 20 to 1. criticism in many respects. Particular rd e, d, viqe-preside- nt. i e, G. S. 2nd nt. W. E. Vigus, Holmes, vice-preside- nt. secretary. MEMBERS. Airis, E. H. Antles, L. Andrew, W. B. Anderson, R. L. Allen, W. C. B. Bacon, James H. Bradley, W. M. Bothwell, G. R. Bruback, Theo.M. Brigham, Nat C. Chambers, It. Crismon, W. S. Crismon, Charles. Colburn, It. L. Conway, P. J. Crooks, E. E. Corker, J. F. Clark, L. J. Clark, G. S. Carter, E. J. Campbell, Allen G. Curtis, L. H. Daly, John J. Dern, John Dorsey, G. W. E. Donnellan, John W. Donnellan, Kenneth. Duncan, E. W. Downey, G. F. jacous, u. H. Jermaine, W. E Jackson, J. E. Knox, Frank King, S. A. Keifer, J. D. Leonard, F. J. Lammersdorf, Chas Lowe, DeWitt B. Lombard, Gay. Loose, C. E. McHugh, J. T. Milner, S. B. lcMillan, B. A. Mulvey, M. E. Neill, J. W. Newell, Henry. Officer, Frank IL Peery, D. II. Per.dergast, M. S. Rognon, E. G. Robinson, G. H. Rice, W. V. Ryan, H. M. Rood, C. L. Richards, E. Silver, J. A. Spooner, A. M. Scott, J. S. Egan, Timothy. Ercambrock, W. W. Stark, F. J. Smith, James. Fox, Moylan C. Freed, C. M. Sprenger, B. Sears, E. P. Fyler, H. A. M. N. Graves, jiuiLighiiossy, M. A. F. E. L. Sheets, Grant, Gillespie, J. K. Gatch, E. S. Griffin, C. H. Gardanier, C. D. Holmes, G. S. Harris, Frank. Heffron, H. G. Hill, F. L. Hoffman, W. Harkness, Frank. Hickman, J. R. Hill, Herman. Hudson, C. E. Hughes, J. IT. Hill, John. Hamilton, C. L. Sloan, R. W. Sinclair, A. P. Shores, G. W. Shaw, J. K. Salisbury, O. J. Stanton, C. E. Trumbo, Isaac. Treweek, N. Thompson, J. B. Thompson, J. C. Woolley, E. G. Wood, C. S. Woodruff, E. B. Waterman, N. R. Weir, Thos. Wall, E. A. Some people still fall into the error of confounding the business of mining with the business of stock trading. To such persons a temporary stagnation in stocks carries the idea that something Is the matter with the mines. It would be just as reasonable to presume that lethargy among the bulls and bears of the Chicago Board of Trade indicated that the farmers had quit raising wheat, while there is less trading in local stocks at the present time than a few months ago, at no time during recent years have mining operations been conducted on such an extensive scale, or with greater promises of important results. ao a ate tne consolidated Califon and Virginia mines on the Comsta Nevada, have a record of production, gold, 62,431,000; In silver, $70,324,000; tot $132,755,000. These mines declared vidends as follows: Consolidated V ginia, $42,930,000; California, $31,200,0 Consolidated California and Virgin $3,899,000; total, $78,029,000. The bull! avera. d 46 per cent gold and 54 i cent bilver. This record of and dividends exceeds that ofproduct! any otl gold and silver mine in the Unit States. -- |