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Show SLUMP FOLLOWS PERIOD OF LIVELY TRADING f The end of the week seems fated to be . ". a- tjme of dullness on the mining exchange. ex-change. After three days of fairly brisk trading, business fell off to almost nothing on the board Thursday morning.: morn-ing.: It seems as If the market cannot stand prosperity, and every time there Is a. period when rising prices prevail ' ; a- slump is Immediately in order. In , general prices showed little change, but there was a slight downward tendency v - end the trend of the market was weak. Beck Tunnel did a little business at 8 and was fairly' strong. New York failed to maintain the high prices of Wednes- , ! day, and after opening at 474 slumped I fast and closed at 48 with fairly heavy V 1 trading. A J ax was strong between 104 and: 104. and Little Chief was to be hadt 814. Daly-Judge recorded the most sensational advance . of the day, selling at $6-75 with a nice demand and little stock coming out. Ingot suffered ' a slight reaction, although some shares sold as high as 4. The trading was light, however. May Day again hit the toboggan and fell off to. 74. --with little. attention paid to the stock. Naildriver was steady, f-trong and in good demand at 56 and Uncle Sam Consolidated maintained the usual price of 21. The closing Quotations Quota-tions follow: .- tunnel there Is a splendid streak of copper cop-per ore exposed, although It is not continuous, con-tinuous, and that all through the property prop-erty ore has been found In bunches. If not In places Sinking Is still going on and the development work at the property prop-erty is regarded by the experts as certain cer-tain to produce magnificent results. It Is without doubt one of the most promising- properties In the Tintlc district and if anyone can make a mine of It, "Uncle Jesse." who knows the district like a book, ought to be able to do- It LA PLATA REORGANIZES. The La Plata Mining company, which owns and has been operating a copper property about thirty-five miles north of Ogden .has been reorganised. The work, which has gone on - during the past year and which has been under the direction of Dr. U. V. Withe, was not satisfactory to the Eastern stockholders, who have reorganized re-organized the company - without Dr. Wlthee.. Outside of a tew scattered shares held In Ogden aU the stock is held in the East. Development work will be continued contin-ued until the property Is proved up. TWO NEW DIRECTORS. The Heoker Mining company, operating five claims In Emery county, elected two new directors Wednesday. Frank I Hart and M. L. Slngrey were chosen In place of Sidney Hecker and Harvey Hardy. Frank L. Hart was elected president and S. M. Stenhouse vice-president. TODAY'S TONOPAH AND GOLDITEU) STOCKS. Furnished by Child, Cole St Co., brokers, 100 Atlas block. ( Tonopah common .. ....$12. Tonopah Belmont 73 Tonopah Extension 4.50 Tonopah Midway , .34 Tonopah North Star 23 McNamara .... .28 Montana Tonopah 2.10 Goldneld 71 Jumbo '. 63 Jumbo Extension 27 Sandstorm 50 AS TO UTAH CON'. BOSTON, Mass.. Jan. 19. Itvte said here that the Lewlssohn selling or Utah Consolidated Con-solidated and the failure of the directors at the December ' meeting to declare Increased In-creased dividends are due to the fact that the company failed correctly to diairnose the copper metal market and had sold the company's product for many months' ahead at the low price prevailing during the depression last summer. The price given la 12H cento. It Is said that Mr. Lewlssohn decided to sell his Utah and reinvest in companies com-panies which do not sell so far In advance of production. The statement of selling at such a low price Is denied by the Utah people, who declare that they have advertised adver-tised 134 cents and better for their copper, cop-per, ana are now getting full prices. Bid. ASK en. . Ajax 1......$. .10. $ -10V4 Alice -8R Boston "Consolidated 6.87 &0 , Bullion-Beck L, Beck Tunnel .OJH .... Butler-Liberal 13 Cartsa Consolidated Mercur 32 Century 10 -20 Sae.::::::::::"::.:::::::::: : s:!? Daly-Judge 6.00 80 Palv West i' lr Ess;le & Blue Bell g Calena ? Grand Central $.05 3.4jj Goldneld Bonanza Horn Silver 1-2S -1: - logot 08 Jim Butler -47 Joe Bowers 00J .... Uttle Bell - Little Chief .' 02 ' Lower Mammoth yj -Ji. " Montana Tonopah J ) J -Mammoth If5,, lZL, May Day OS .07 Martha Washington -"J- McNamara 24 .29 New York. Ontario 4 Petro Richmond-Anaconda 01 Sunshine Swansea ! South Swansea " Sacramento 10 .U Silver King 60 Star Consolidated Ifi -1 Silver Shield -08 Tonopah 10JJ -i Tonopah Belmont - - Tonopah Extension .......... 4.00 5.00 . Tonopah Midway 30 -f Tetro . -J ..-ir T-nlted States 23 2o 24.00 T'ncle Sam" Consolidated .... .... Victori;":.:....... i- 200 Victor Consolidated , eT Wabash - 14 Yankee Consolidated 38 .38 MORNING SALES. MINING NOTES. Foreman Bone of the Alta Flagstaff Is In the city for a few days. G. W. Topllff of the Rand Drill company. com-pany. Is shortly expected from New York, where be is spending a long vacation. va-cation. The management of the Pittsburg of Alta is puzzled to know where the reports re-ports published in a morning paper about that property came from, as the mine has been cut off from the outside world for nearly a month and no word has been received from Foreman Doyle or anyone at the property. John Dern has returned from Colorado, Colo-rado, where he has been on mining business, bus-iness, and reports the labor troubles at Cripple Creek at an end. Col. Nicholas Treweek of the Wabash has returned from that property. - J. L. McKenzie. formerly of Mercur, but now of Ophlr, Is In the city and reports re-ports Ophir very active. Superintendent Zlegler of the Ohio Copper company, went out to Bingham Thursday morning. v The Taylor & Brunton sampler reports re-ports the arrival of seven cars of ore from Tonopah, nine from Tintlc and two from Bingham. Superintendent Samuel Mclntyre, Jr., of the Mammoth, is scheduled to arrive from the mine Saturday. Manager Lawrence of the Scottish Chief will leave shortly for that property. prop-erty. Ernest Bamberger, general manager of the Daly West, has returned from a two days' trip to Park City. Beck Tunnel. 1000 at 8c. New York. 100 at 47c; 100 at 47c: 300 at 47c; 800 at 4c; 100 at 46c; 200 at 46c OPEN BOARD. Ajax. 600 at 10c; BOO at 10c Daly-Judge. 100 at $6.75. Ingot, 1300 at 4c; 6000 at 3c. Little Chief. WOO at 2c. Mav Day, 600 at 7c. ' Naildriver. 710 at 65c. New York. 300 at 46c; 100 at 46c, seller 1 "'uncie'sam Consolidated, 600 at 21c TOTALS. Regular. 2700 shares for $873.25. Open board. 10.510 shares for $. Grand total. 13.210 shares for $2643.13. - Child, Cola Co., Brokers, 100 Atlas block. Both 'phones 225. . DEBT STATEMENT OP THE COLUMBUS CON. " A statement to the shareholders of the Columbus Consolidated at Alta chows that the company Is more heav ily In debt than was at present sup- I posed by the shareholders. The company com-pany owes fully $50,000 according to the statement, and before the assessment recently levied comes in it will owe enough to completely engulf the $o6.450 which will result from the assessment. The report offers all sorts of excuses in explanation of the failure of the mill . to provide the necessary money to pay the debts and continue the work. It is stated that (fulfilling The Telegram's prediction at the time of the first assessment) as-sessment) the- delays attendant upon putting the mill in commission kept the management from opening up unUI December De-cember 18, at which time there was not enough water to run the mill except occasionally. oc-casionally. No one knows as yet whether wheth-er the mill is'going to be successful or not and if it does not prove Its worth rery shortly the company is bound to run In debt again. It is supposed that there will be radical rad-ical action taken at the annual meeting on February 7. TODAY'S TONOPAH STOCKS. (Furnished by Brokerage and Finance company, successors to Hudson Sons A Co.. brokers, room, 10, D. F. Walker building.) Tonopah : J11.S11.15 Montana Tonopah &.0nv&2.V) Tonopah Belmont 72i&T3c Tonopah North Star 21$22c Paymaster .' 3c METAL MARKET. 0 Silver fell off Thursday, selling ffi for ftrti cents per ounce. Copper remains at 144 cents perpound and (S) lead In ores commands $3.50 per 100 ) (5) pounds. The American Smelting (J) and Refining company's actual, av- W S era ge weekly sales price for desll- (t) veiieed domestic lead In New York rt is $4.60 per 1C0 pounds. ' DEVELOPMENT WORK . IN THE BECK TUNNEL. "Although there has been little news lately from, the Beck Tunnel property In Tintlc, It' i understood that the oroperty Is looklns; exceptionally welL Jesse Knight, who 1 guiding the progress prog-ress of the company, 1 entirely un- troubled by what the stock does on the rSrexchang. and la devoting hi. energies towards making a mine of the property. The new compressor has been installed and the machine drills are working Steadily and doing all that is Rwent arrivals from Tlntio who have xamlned th property itate that in the |
