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Show WESTERN EEKLY JlEWSFAPEl p. VOLUME I. TO THE DEVOTED i mmuu JAmmG JnTERESTS OP THE SALT LAKE CITY, SATURDAY, FEBRUUARY EST, 5, 1881. NUMBER 25. A BULLION PRODUCED IN DECEMBER. BULLION RECEIPTS. The inclement weather has delayed the December returns from the mines, and several have not yet been heard from on account of that fiscal month. The gold mines reporting for December make the following exhibit of bullion: The following are the bullion receipts at this city for the week ending February 3rd : Jan. 28. Six bars Ontario, S7 62-Two cars Horn Silver 5,000.00 Jan. 29. Four bars Ontario, 5,111.66 Foui bars Stormont, 6,450.00 One car Great Basin, 1,250.00 Jan. 31. Twelve bars Ontario, 14,851.40 Feb. 2. Six bars Ontario, 7092.37 Feb. 3. Five cars Horn Silver, 12,500.00 Four bars Germania Silver, 5,430,00 GOLD MINES. Black Bear Quartz Bodie Consolidated Dead wood Terra Fresno Enterprise Homesrake (Dakota) Idaho (Nevada County) Milton Gravel North Bloomfield 7,900 45,200 75, 000 -- r oondaj 19,000 108,000 41,000 21,700 21,200 33.9 11,400 24,800 163,600 .5 Oneida Syr.dicaie Standard Consolidated $13,800 Silver Total 12 Gold mines . 572,700 the Bear the Black mine During year iS3o, Quartz yielded $129,400 in bullion ; Fresno Enterprise, $102,086 (and since incorporation, $156,807 while prior to incorporation the mine produced $19,000); Milton Giavel, $348,778; and North Bloomfield Gravel, $275,776. The Silver mines reporting give their bullion product for December as follows: .... Christy (Utah) Grand Prize Hnrshaw (Arizona) Independence Indian Queen . SILVER MINES. $25,500 63.600 70.000 . 15.600 17.700 .... .... Manhattan Northern Belle North Belle Isle . . . . Ontario (Utah) Richmond Consolidated Silver King (Arizona) 100.000 102,800 13.700 200.000 100.000 80.000 . Star 2S, ICO Total 12 Silver mines $Si6,Soo The Secretary of the Christy mine reports the total for the year 1SS0 at $272,100. The Secretary of the Paradise Valley says that the mine produced no bullion in December, but tlnr yield for 1SS0 was $156,- 400. The December totals for the Harshaw, Manhattan, Ontario, Richmond Consolidated and Silver King are estimated, in the absence of returns from the Secretaries. Several other silver mines have been heard from but they have no bullion to report. The mixed metal mines make the following statement for Decern- - $65,308.96. The National Mining Exchange of Philadelphia, which was urated on Tuesday, opened for business Wednesday. This exchange was formed to secure responsibility and confidence and such support as would entitle it to the endorsement of all legitimate mining companies. The membership is limited to one hundred. Arizona poor place for a common laborer, as the Territory is filled with men seeking employment at almost any price. Capital is what is needed, and this must come and invest before the laborers here already can hope for remunerative employment. Let no more go to the Territory thinking to find work at better prices than elsewhere, or even as good, for he will be disappointed. is a Through often repeated corners in stock, the glory of Nevada has departedand the once great Comstock lode has become the sepulchre of sanguine hopes crushed, blighted and buried deep neer to be resurrected. The once busy reduciion works standing idle above the formerly famous mines are like so many mausoleums to the memory of the departed glory of the notorious bonanza kings whose operations hereafter will have to be in new fields and pastures green. During the past year Mr. W. H. Dewey, of Silver City, Idaho, has devoted all his energy to prospecting, and, on a limited capital, has run about 800 feet of drifts, b:sides much other wor' . He is now his reward. Quartz from the Empire State is being about to nip E1 hauled 0 the norc mill, and about 250 tons will soon be reduced. Mr. Dewey says he has been offered $18,000 for a lease on his mine for sixty days, and laughed at the idea. He confidently believes the mine will yield $500,000 before next fall. Specimens of the ore on ex hibition at the Old Corner are immense. Tiie past week at the New York Stock Exchange, which ended on Saturday, witnessed as wild a speculation as ever, but it was confined principally to low price shares. It seemed as if every stock which hadb? "dm ted to the Exchange, but which had been peacefully reposing for months or years past, by some almost miraculous means has suddenly become the favoriic of speculators. The fancies which were the favorites last week were not ignored, only to their company were added other low price shares which had hitherto been neglected; but while these sudden favorites show enormous gains for the week, the dividend paying stocks generally have been comparatively dull, and most of them close 1 to 3 per cent, lower. It is impossible to predict the course of the market in the immediate future, and, judging from ascertainable indications, its course will be determined by the position of the large operators. If they have not unloaded all the stocks which they desire to unload, renewed manipulation may stimulate a further bull movement. If they are nearly out, however, the market is in a condition decidedly susceptible to any heavy attack. 1 w 9 r The discriptions of bullion in the above statement compare as follows with the reports fur the same month last year: Gold Silver Lead Totals 1S79. 1SS0. $6Si,ioo $742,600 1,091,400 715,400 36,100 $1,432,600 27,Soo $i,S6i,Soo inaug- |