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Show TRUTH. MINING Henceforth Truth will give more attention to mining affairs than it has (lone of late. The best interests of investors in Utah mines will be subserved. It is the intention to publish accurately and concisely the truth concerning the mines of this state, and in particular about those in which the public is most interested. This department will be conducted from an unprejudiced standpoint, and while commendable ventures and managements will receive the credit due them, mismanagement, misreprewill be sentation and vigorously exposed and censured. Such a course will have an effect beneficial to the industry and will be of value to all connected with Utah mining interests in a legitimate way. ft Within two months the business transacted on the mining exchange has shown a very satisfactory increase in volume, due undoubtedly to the coming in the market of a large outside speculative and investing element. Certain brokers have advertised Utah stocks widely in other sections of the country, and the great record being made by the dividend payers of the state and the consequent rapid rise in stock values has attracted widespread interest and most favorable comment. Conditions are excellent for a large business this fall. The weeding out of certain things detrimental to the success of the exchange should be continued. ft ft Park City stocks have for some time led the market and are now decidedly popular with investors. Silver King, now paying at the rate of 10 per cent, on a valuation of twelve millions, is very seldom active and cant be got un" t, on the other hand, der $78. over-valuati- on Daly-Wes- a total indebtedness of less than per cent, on a has one $12,000, it is not improbable that is of valuation $12,900,000, exceedingly dollar will within sixty days be a low active at prices under $55. Both are price for the stock. ft ft fine investments, and by January 1st, mainnow be should general conditions After months of unceasing effort sell will appreciably higher. tained, Lewis of the Majestic Copper Comstock and Wabash of Park City, Manager affairs on have both been in demand recently. Mining company has got its no Comstock, on news of a much improved a satisfactory footing. There is appearance in the face of its 1,000 foot doubt that Director A. J. Betties who drift, climbed from .40 to .80 a share was elected Tuesday represents the this week, with rich ore and consein the Majestic quently higher prices predicted. There New house interests is much speculation regarding Wabash, company and there is little doubt that and it is rumored that the management will be pushed with great has struck a large vein of regular operations energy. Mr Newhouse has the repuQuincy ore, but is Keeping the matter tation here and abroad of being very secret while attempting to get in all much of a hustler, and it is safe to say outstanding stocks. With any kind of investors in Majestic stock will make an ore body the stock will climb to $5. has algood pnofits. The management manis J. because J. n Daly smelter and Daly Judge, ready ordered a $11.50. around firm at prices ager, stays was only Monday, A valuation of nearly three and a half the meeting ft ft millions is considered altogether too Ben Butler out of debt and shipping high for the old Anchor and the Judge properties, at least until further devel- regularly consignments of 50 per cent. opment is done. lead ore is a good buy for at least 20. ft ft It is probable that the litigation with One of the most interesting move- the Liberal claim owners will be settled ments on the mining board in some out of court. ft ft months has been that of Century. Only management states The Daly-Wea few weeks ago the stock was obtainable at prices under .30, while today that not a single law suit will result not a share can be got under .75. It from the horrible explosion of three weeks ago, and that nearly all the transpires that when the stock was very claims have been settled alread. low Manager Madsen of the mine not ft ft only acquired enough to secure for himThe Yankee Consolidated situation self the control but also enough to coris the subject for much comment. ner the market with a short interest all persons at all informed side exceeding 12,000 shares. In the mean- Nearly time the mine has been extensively de- with Dr. Franklin in his stand against veloped, and with ore bodies that will Mr. Du Bois. There seems to be some mill in steady operkeep the somewhere and more than ation for at least two years, blocked crookedness is out, the management is evidently pre- likely the Pennsly vania millionaire paring to rush the stock to above $1 per trying to freeze out the man who got share. As there are only 150,000 shares him interested in the proposition. It and the mine is earning at the present is said that there is little doubt that rate at least $5,000 a month clear, and the doctor will ultimately come out suc paying at the rate of COMMENT. to to SAUCER TRACK to to m to to to to to to a r l 350-to- st cessful and be President of the company. What the stock win is a question, but should Dr. Frank J come out victorious there is that he will force the stock tohiX1 prices Dr. Franklin has aho?fe re-elect- ed low prices. ROOT "GARDNER BOUT. After a great deal of newspaper talk the match between Root and Gardner for the light heavy weight champion, ship, has been fixed for the evening August 18, at the Salt Palace. Mew? M. E. Mulvey and Harry HyndfS the managers of the event, which means that look at scientific boxing should attend. Everything connected with the contest will be of the cleanest character. In addition to the boxing contest there will be exhibitions of club swinging and a wrestling match between Pr fessor McLaughlin and Professor Thompson, two well known athletes. Other athletic exhibitions 16-sta- : it will be a first class affair The reputation of the two contestant is a national one and the sportin? writers on the eastern press are com gratulating Salt Lake on securing the bout. No more clever pugilists ever stepped inside the roped arena and that the exhibition will be one of the best bits of fistic work ever pulled off here is a certainty. All who love to given. will he It is the first event of to take place here and those deserve support. its Save your money and when you get a dollar deposit it with Zions Bank and Trust Co., Savings No. 1, Mail street. The largest and oldest Saving! Bank in Utah. Joseph F. Smith, George M. For accident insurance Foster, 300 President, Cannon, Cashier. see Warrei Progress building. I ALT PA LA 4 I 9 4 4 9 The Most Stupendous Athletic Carnival Ever Attempted in the Region, Consisting of Boxing, Wrestling, Cluh Swinging and Kindred Sports Under the Direction of MESSRS. HARRY P. IIYNDS and MARTIN E. MULVEY. Inter-Mounta- in MIDDLE AND LIGHT HEAVYWEIGHT CHAMPIONSHIP OF THE WORLD Jack Root 9 4 4 4 4 i ARDNER VERSUS OF CHICAGO. CHAMPION. kind backing it MONDAY EVENING. AUGUST 18 OF SAN FRANCISCO, CHALLENGER. TWENTY ROUNDS TO A DECISION. ib ib ib ib ib ib ib VERSUS if if if McLaughlin Heavyweights, for the Championship of the Slate of Utah. Catch-as-catch-c- an CLUB SWINGING & 10 AND WEIGHT LIFTING EXTRAORDINARY. Seats on Sale at M. Excursion Rates on E. Mulvey & Co., 213 Main Street All Railroads i |