OCR Text |
Show CONDITIONS IMPROVED ON MINING EXCHANGE 'i.-- . . - . . . . - ...... . body proves to extend to Ingot ground, to that company also. The vein la without doubt the Ingot vein, which la so well defined in that property. The Ingot management., however, baa never found such values up to this time. The ore In the Ingot vein so far as explored has shown only about $2.60 per ton in gold, but the fact that ,such values have been found in the vein is sure to Induce the Ingot management to resume work and prospect pros-pect that portion of their territory. . The people of Mercur, who ought to be more familiar than anyone else with the ground involved, feel most confident confi-dent and nearly all of them have orders in to purchase the stock. Such values as bave been found are most unusual in, the Con.- Mercur and that company wUI without doubt largely Increase its earnings when these ores come to- be stoped. The week opened on the mining ex- change with a decided improvement in trading and conditions generally. In comparison with the trading of last week the market was very bright and although there were no decided advances ad-vances In prices the general tone of the Market was strong and promises better . things during the week. Ingot was the feature of trading and . there was a large and active demand ; for that stock. This was caused principally prin-cipally by the news of a strike In -the Con, Mercur extending into the Ingot. - . . The price varied from 214 to 3 and the demand was apparently unsatisfied at the close. May Day showed little change and . leas trading and- was to be bad between V4 and 8. - Star Con, was also a trifle weak, although al-though the price did not fall off materially, ma-terially, as the stock sold at from 13)4 to 13. New York executed its usual stunt. It opened weak at 42, moved up to 43V and then fell off to 42 again on the open board. There was heavy and active trading in this stock. Wabash did more business than for some days past and was strong up to 31.&0. although the closing sale was lightly below that figure. Naildriver was In demand at advanced ad-vanced prices, but little of the stock came out, although 40 was bid for it. tThe demand is still strong, i Little Chief and AJax were un- ' changed, the former selling at 2 and the latter at 10. Victoria was maintained at 22, but rmly a small amount changed hands and all of that was for future delivery. The closing quotations follow: ... ' Bid. Asked. -fJ .10 I .10 Alice .35 Bullion-Beck 60 Beck Tunnel 07 .08 Butler-Liberal 12'i .14 Consolidated Mercur ,35 .36 Century OS Creole .40 Daly J.60 J.T0 . , Daly-Judge 6.77 6.25 Daly West 14.08 E&sle A Blue Bell 7ft .K OPERATIONS ACTIVE Uf GOLD MOTJUTAIir DISTBICT , The improvements at the Annie Laurie Lau-rie for the past year consist of remodeling remodel-ing of the mill and the Increase of Its capacity from 200 to 300 tons per day. the striking of the great ore body of the property in No. 6 tunnel at a distance dis-tance of 8400 feet and a depth of 426 feet below the next tunnel above, the blocking out of nearly 1.000.000 tons of ore running all the way from 33 to $1 per ton. The upraise from No. 6 to No. 4 tunnel, with the winze that is coming down to meet it, has but 150 feet to cut through to connect the entire workings of the property. The new year sees the mill on the Sevier Se-vier in steady operation, with its 100-ton 100-ton capacity taxed to the limit. While the mill has been put In readiness for its years of usefulness the mine has been receiving attention. A new body of (ore has been encountered in No. I tunnel which gives high milling values. The vein in No. 1 tunnel continues to Increase in width and values, making it a phenomenal ore body. Even the out-cropplngs out-cropplngs on the crest of the hill are yielding splendid values and as depth is gained Into the hill they become a strong rich vein. A big body of ore Is I elded that in the long run this would be the cheapest and best way of keeping keep-ing the water out of the mine. To put in these pumps would mean the expenditure expen-diture of an immense sum of money, but they would do away with the hoisting hoist-ing of water. One of the pumps would most likely be installed on the 1000- foot level and another either on the 1600 or 1700-foot levels. Eureka Reporter. STBXKE T8 GOLD BLOSSOM. There was a strike in the Gold Blossom Blos-som property northeast of Eureka the early part of the week by some leasers. This property shipped some rich or in early days, but that part of Tlntic has been neglected for years past, and the pew developments there may stinru-. late other nearby properties to active work. There are many good-looking prospects In that vicinity. Tintic Miner. Galena .06 .... Grande Central ..... 3.10 : 3.60 Horn Silver 1.20 .... Ingot .02 .02 Little Bell 1.00 Little Chief 02 .02 Lower Mammoth .06 .13 Montana Tonopah 2.00 - 2.17 . Mammoth 1.25 1.30 May Day 09 .00 New York .43 .43 Ontario 3.60 4.60 ' Rocco-Homestake 20 .60 Swansea .20 .... South Swansea 04 .... Sacramento 10 .11 Silver King 67.00 60.00 Star Consolidated 12 .13 etlver Shield 06 .09 Tonopah Belmont .80 Tonopah Extension , 2.60 .... Tonopah Midway .32 ...... Tetro 1 M United State 24.26 26.00 . Tncle Sam Consolidated .21 Utah 36 .42 Victoria l.SS 2 02 Victor Consolidated OS .04 Wabash 7.... 1 .00 ' 1-80 Yankee Consolidated ....... .37 .38 MORNING SALES. May Day. 1000 at 9c; 600 at 9c - 8tar Consolidated. 1000 at 13c; 500 at 13c. New York. 300 at 42c; 400 at 42c 1300 at 43c; 200 at 43c; 100 at 43c Wabash. 60 at $1-90: 100 at $1.85; 200 at 31.90, buyer thirty days. Ingot 2000 at 2c: 6000 at 3c; 1000 at 2e; . 1000 at 2c; 1000 at 2c OPEN BOARD. AJax. MOO at 10c Little Chief, 100Q at 2c; 1000 at 2c now blocked out and the mill could with a very little work be furnished with 380 tons per day. Already the company is beginning to plan for increasing in-creasing the capacity of the mill. Below the Sevier is the Holland, which has produced some of the richest rich-est and highest grade ore of the mountain, moun-tain, and is undoubtedly the same sons as the Sevier. The company has given renewed attention to this property this year. After acquiring the neighboring Deer Park ground to give it plenty of ground for expansion, work was resumed re-sumed on the main tunnel and It Is now In a distance of over 2100 feet It would undoubtedly have been into the big ore bin but a short distance away ere now but for the unfortunate circumstance of striking "welling" ground which necessitated ne-cessitated a change in the course of a part of the tunnel. The end of this year will undoubtedly bave unfolded a wonderful property of the Holland. Richfield Reaper. CACTUS MILL WILL STABT UP ON TIME. Chief Engineer Thomas of the New-house New-house staff returned from the Cactus Sunday and will remain In the city for a few days for a well-earned rest He reports that in general things at the big Cactus mill have gone splendidly lately and there is absolutely no doubt that the plant will start up on time. TODAY'S TONOPAH STOCKS. OTurnlshed by Brokerage and Finance company, successors to Hudson Sons A Co.. brokers, room 10, D. F. Walker building.) Tonopah $11.6011.00 Montana Tonopah 82.073x.l0 Tonopah Belmont 71674c Tonopah North Star 2223o Paymaster , 304 MINING NOTES. The annual meeting of the Copper King Mining company will be held in Park City Monday afternoon. Dr. Pedersen, who is to examine the Trapper's Pride of Gold mountain, has left for that property. Superintendent Zlegler of the Ohio Copper company has gone to Bingham. The Charm and the Oasis of the Drum district have five cars of ore ready for shipment but are unable to get the or hauled to the railroad. The Taylor A Brunton sampler reports re-ports the arrival of eleven cars of ore from Tonopah, five from Tlntic. three from Bingham and one from Ploche. It la now assured that the Lost Packer Pack-er of Loon Creek, Ida, will be equipped with a smelter this summer. The Bingham A New Haven of Bingham is shipping eighty tons of ore a day. Mr. Brown, the Eastern expert who came out to erect the turbine engines at the plant has been 111 and has been able to do no work on the engines, but is expected to be around again in a few days. Ed FreudenthaL superintendent of the Majestic mines in Beaver county, came up with Mr. Thomas. The fact that the experts of the Newhouse staff are paying a good deal of attention to the Majestic mines Just at present and that Mr. Freudentbal is consulting with them constantly causes the belief that the Majestic will come to terms - with Samuel Newhouse with regard to the managing directorship. Mr. Freudentbal Freuden-tbal reports that everything is running smoothly at the Majestic and the Old Hickory. BROADENING FIELD OP OPERATIONS. "SBsaasjaeBBBBaanBBBsa Newa from the south indicates that the Salt Lake Route Development company com-pany is broadening its field of operations opera-tions extensively. Not only has It a large amount of valuable ground located in and around Good Springs, but Harvey Hardy, who is representing the company in the field, is at present investigating the field around Goldfleld. Mr. Hardy has gone to Bullfrog and is hoping to secure good ground In that camp. He will also look over the strikes in the Cawich range and other of the new camps. The company is still working steadily stead-ily on the Red Cloud Extension, and while it has found ore which runs high in silver and gold values it has as yet found none of the cinnabar which made NaildriVer, 800 at 40c . New York, 700 at 4?c; 100 at 42c; 1300 at '42c . Tetro. BOO at Victoria, 100 at $2. buyer five daya -Wabash, 200 at $1.80. . TOTALS. Regular. 15,650 shares for 32275.25. Open. 7300 shares for $1753.37. Grand total, 22.850 shares for 34023.62. Child Colo & Co., Brokers, j 100 Atlas block. Both 'phonea 325. TODAY'S TONOPAH AND GOLDFLELD STOCKS. Furnished bv Child, Cole A Co.. brokers. J00 Atlas block. Tonopah common .$11.60 Tonopah Belmont -J3 Tonopah Extension v - 3-60 Tonopah Midway .34 Tonopah North Star 23 McNamara -38 Montana Tonopah Goldfleld - Ji Jumbo Sandstorm METAL WARKTT. (!) () silver remains unchanged on S) Monday selling fer 60 centa per fit ounce. Copper fell off a trifle and S) sold at 14 centa per pound. Lead (S) in orea commands $3.60 per 100 pounds. The A. 8. A R. Co.'s ac- (Si tual average weekly sales price G) for desilveriaed, domestic lead in S New York, is $4.80 per 100 pounds. SENSATIONAL FIND "" ' XN THE MERCUR CAMP. I A strike which promises to bring renewed re-newed activity to the camp of Mercur lias been made in the Con. Mercur of that camp. 4 ' For the last week the miners In the drift being run for development pur- poses toward Ingot ground in the Con. Mercur lower tunnel level have been drifting In ore. The drift which has now run through forty feet of this ore Is now almost up to the Ingot end lines and there seems absolutely no doubt but that the ore extends . Into Ingot ground. This fact accounts for the marked . demand for Ingot shares on the mining exchange and for the. Increase In the value thereof. The ore. which 'is In entirely new ground, shows values of from $1 to 124 per ton in gold for the base ores and $9 for oxide ores. These values are regarded as extraordinary and prove that the find will be enormously valuable val-uable to the-Con. Mercur, and if the me contents or the ore of the original Red Cloud which Is now under bond for $75,000 so remarkable. It is not likely that any of the other Salt Lakers who are interested in the Salt Lake Route company will visit the property of the company until after the adjournment of the Legislature. TIN TIC SHIPMENTS. The ore shipments from Tlntic for the past week are as follows: Name of Mine. Carloads. Carlsa 4 Grand Central 3 Mammoth 6 Victoria 2 Victor l Gemini 10 Centennial Eureka 43 Bullion-Beck 4 Eagle A Blue Bell 6 Godiva .; .' 1 Uncle Sam ; 1 Yankee Cons. j May Day , 1 Total ;.....83 MAY PUT IN PUMPS. , The Gemini Mining company Is figuring fig-uring on installing two large pumps for lifting the water from the lower work-Infs work-Infs to the surface. No order has yet been placed, but Superintendent Mc-Chrystal Mc-Chrystal says that he has about de- . s v |