Show r Mines Mining Stocks Commercial and Industrial Quotations II PROPERlY HAS IN MARKET FOR I MARE FR i MUCK M MakE RE EQUIPMENT According to a n report received Y yes ys- I- I from Lovelock clock L Nov orders have havo be o placed for tor the tha enlargement of at t the thc resent present Rochester Mines mill Accord- Accord to the ho management t the he mill mil Is to tobe tobe be enlarged from to tons a day to oo tons tons On account of ot the present con- con I deliveries cannot be made as readily a as expected and for Zor that reason thc equipment for tor the mill mil has ha not n nIve ar ar- ar Ive lve J. J Within tho next sixty cays days daya tt t is Is s e expected that the mill mil will wil b be and running I Yesterday a gang of ot men mem went nit ut t tto to work putting In tho tow towers lS l'S fo for a two wo tramway In the tho past tho company compY has ha depended on the fall fall- r road which last year ear was toK to rOld K operate on account of ot th tho snow The F management this year ear declares delares that it It to tako Is unwilling any chanc chances and reason tho the tram train Is being for that put through rough V The ThO fl mill mi is now tiow being enlarged enard from tons ton f of or ore a a day to oo tons a daY i 10 v This Is 8 s but a small smal portion porton It Is la lai i ald a. a of what will wil ultimately be InIta in- in stalled cd William Adamson Adamson o of Chicago o vIce vica Ita president of ot the tho company compan who ho has C lust just Returned from a n conference with General Manager I LIh L A. A Friedman Frieman says sn plans that pl ns havo have already been made for the tho mill mil to tons tone of ot ore a n I day It Is declared that this will wIl not I be done done- beto before o next spring word done wa was also received yesterday 1 at that tho water had been lowered In n tho the K Seven ven Troughs Coalition mine and that r the miners millers aro now cleaning out tho the mud te and before the last of ot the week Sore are will wU be extracted again agan t Bright Prospects Prospect fort for Copper Coppel J Activity iti in Copper com com- Daily ony shares Is based base not so BO much on the the- belief beter that tho the dividend will wil bo be InS Increased in increased increased In- In S 5 creased at te tho December meeting as aa asI It Ja is on the realization that that the company corn cora I pany panY will havo a net net cash arid and anel copper copperI I surplus wJ of something something- like at at 1 the close of ot 1916 This estimate Is IsI I based basi on copper metal averaging 25 cents pound over the rest res of ot the year e I i and Iod nd production being being- mainI main main- the recent dividend deI de- de 1 the announcement that came I r had ha on hand presumably as asi i of oJ September p te b r 1 1 In cash copI cop- cop r 1 per per all aU sold and short term notes note This In itself is more than equal oQual I. I dividend requirements at the tho current crent F rate up U to and including December I 1 rae 1917 1911 quarterly Quarter disbursement without carnin anything In the tho interim Interim Moreover Moreover More More- 4 over this surplus was exclusive of thor thc w. w s quarter interest In Utah Uta ip surplus and also ex- ex Cop Copp Copper r company's and elusive of the te Braden earnings f Is gradually working Into an an excellent financial ga position It I 1 IB 1 f entrenching Itself iselt with wih a substantial f total on the tho credit side Bide for tho years i of cheaper copper metal that might t come after ator hostilities are aro concluded In j Europe Europa production cost cost It should 1 be borne bore In mind mind is the lowest of any J copper mine In the world orld ha having haing ing a averaged averaged aver ver- verA A aged ed about cents cent a a pound since Inco the Alaskan deposits were first worked Output from tom the Alaskan properties In InI I Jul ul last broke all 01 previous records with In tho eight months month to August 31 tola to output was pounds Augst a D little more than 50 per pen cent cont of ot the total tota production In InI I which the company Is financially interested In Interested in- in Ir- Ir through ownership of the shares 8 ot of ot other othor oter producers I now owns 2 shares of the shares of ot the Bradon Braden Copper Copper Klines Unea company or r 99 per cent V of ot the total authorized Issue a a quarter n i interest In tah Copper tho the largest A producing copper mine In the world 1 and through ln It an eighth inor- inor Lest est esl In Nevada Nevada Consolidated Copper d the Cor- Cor COr- COr Is IE the largest argest single Bingle holder of ot Utah Is IsI Isi Utah Copper company stock Ut r I i regarded as ns an Integral Integral part of ot the thc t f group group I I. Based upon the present production of ot J Its It mines in Alaska and South America an Td allowing for tor Its is equity In Utah and other propertIes s earnings are In excess of 16 JIG a a share sharo represent represent- iI r Ing over 31 per cent of ot the tho current curent selly eela sell sell- eel eel- a y In Ing Ing- price of ot 51 61 But the te analysis goes p further Allowing for tor an enlargement it 1 of ot Bralens capacity to tons toni I monthly or pounds yea yearly In 1918 then would be capable I i I.- I. of earning close to HO no a n share on 14 1 cent copper and In excess of ot 2 22 a 0 haro on cent 25 ent 25 copper kl J Mining Engineers I T Visit Arizona HI Mines ines k Nw New York Tork Sept Sept 13 The The eastern delegation of ot tho the American Institute of ot Mining Engineers will wil leave here tomorrow to to- morrow v. it was announced tonight tonIght for tor forI forthe I the meeting to bo be hel held In Arizona all al next week cok An inspection of ot tho the prinI principal prin prin- 1 I cipal mining mining properties of ot New Mexico 4 and and Arizona will wil bo be made w The rh New Now York delegation ton will wil be ben tho the New Ness England j tf n j at Albany by NeW representatives Ind and at Chicago and andI r j Cl Cleveland veland by tho the middle western mem mem- I I bers At El Paso the tho Pacific coast j r members an well wel as n delegations from Colorado and Montana will wil Join tho the 1 part party I 1 Metal etall Markets t c. New York Sept 13 The The metal ext exchange ex ex- Sept r t j change chango quotes lead lea at 3 f I Spelter firm rm spot East St. St 51 Louis de de- de livery n c. c t At Ln London London Lead on Lead 30 spelter 54 1 Copper per steady electrolytic L OR 28 2825 or 5 j Iron steady and unchanged metal 1 lL exchange quotes tin steady spot I jIt At Spot London Spot copper lOs fu futures tu- tu tures pot nO lOs lOB o. electrolytic spot tin Un iSs futures Gd ad t EV FRUITS 1 New York Sept Sept 13 Evaporated apIn applee apples ap ap- ap- ap In 1 ples dull dul prunes prune firm apricots quiet J. J but ut firm peaches penches Inactive raisins fr firm STOCKS SHOW BETTER BACKING THAN USUAL I ON UN lOCAL LOCAL MARKE Stocks on the thc local exchange yesterday yesterday yester yester- day were slow low and languid but at sale time thoro was some Bomo activity No particular par par- stock could be picked out Tho public ImbUe has been expecting much from tho local loca market but the market sIso are arc prone to say ay that but little can be expected in the trading yesterday there thoro was as but little movement movement TakIng Taking Taking Tak Tak- ing into consideration tho the whole day dayot of ot trading tading there thero was nB nothing that could coul be Picked out as a feature feature At present there are aro so many reaSons reasons reasons rea rea- sons why tho the market does doos not advance as given by bi those who follow tho the tradIng trading trad- trad Ing that It t Is almost Impossible for anono to give a reason wh why The re result result re- re sult suit Is that all 11 are arc blundering along and thinking the they arc right right Perhaps they are nrc but the tho eon conditions are such that the market maket has been going down and no ono knows tho the reason wh why Some of ot the stocks showed activity yesterday Howel reached A p. higher price than usual Sioux Con j showed a little spurt of ot Interest Keystone reached a n new high point of oC 60 GO cents while hio Now New Quincy was much lower than usual South Hecla Hecla In the last f low few w I weeks has been unusually high but to today today to- to day dav It dropped to The total number of shares that changed hands on the exchange yesterday yesterday yester yester- do day was as for tor which there was a market price of ot tere I Forenoon 1 I Afternoon I Dl Bid I Ask 11 Bid I 1 Ask Ante Anto Star Star 06 10 Oi 12 iUta Ato Con 26 27 I 26 27 At TIger 01 OH 00 O Ol Oli Alb Albion on OS 06 O 07 06 08 Am m C. C Cop 10 12 10 13 Ato Alta Tun Tun OS 08 08 OS 08 Alta Ala Ger OO 04 Bullion Bullon 35 60 GO Bole 02 07 02 06 Dig Big 1 F. F E Exp p. p Bing Amal 11 12 12 B. B Tack Jack Amal 06 1 06 11 15 BI Big Cot Cot 01 03 03 Ot Ban Gold Beav Bea CoP O 01 OU 01 01 On Da Bay State 0 O 02 02 B. B Lake Met 02 Cedar Ext Ext I Cedar Tails TaUs 03 03 03 04 I Colb Rex 16 17 11 16 17 Cob Colo Con 15 15 16 15 Crown Pt 1 03 05 I Cardiff I Croft 03 03 04 03 04 Cott Cott ret Met 12 Daly Daly 87 7 75 Daly Judge Dragon 26 27 7 26 27 Dem Con 02 04 02 04 0 D. D J. J Ext Ext OO 00 30 10 10 En Emp CoP E. E Prince OO 01 OO 01 E. E B. B Del r r UI 1 tt b lt Ui tt DU V VEarl Earl Eagle 28 8 35 28 8 35 E. E Cr Point OO oo Oi E. E Tin Con 01 02 01 02 t Ft Hall Hal OO 00 38 38 38 Gr Gulch 10 GaL Gal Mm Min 00 04 0 Gold Chain 15 30 16 30 20 G. G Central Central 62 68 62 63 Gt West est 09 14 1 09 Howell Howel 20 22 1 10 21 Home Run 01 20 01 03 Iron Bios BloB 14 md Ind Queen 01 OU 01 01 02 Keltone 60 62 19 60 King WIL 00 1 00 01 Lehi J f oo Leonora Leonor OO 01 OO 00 01 Little Lite Bell Bel 40 Low Mam 06 05 OC 06 05 06 l Logger ger 10 Lake Lake YoL VoL 04 OH 05 Mid ld Sul 34 35 4 34 35 25 SuI 03 03 20 Mammoth 60 65 66 56 Miller Mier 1 14 20 H 14 20 ray May Da Day 07 on 07 08 Mason Val Yal Min Mm Flat 01 04 04 04 OH Maj aj Evans 02 05 2 04 Marn Cop 01 4 Utah 20 22 21 22 Midway 32 30 30 New cw Quin 16 16 17 OS 08 09 OJ 08 o. o K K Sil Sl 46 HI 49 46 41 4 Ohio Cop 1 f 01 On OO 00 OH OrI Dan Ban 35 38 35 40 P. P C. C 36 35 35 Pioche Mines Bris 02 03 O 03 16 16 17 16 17 Prince Con 14 14 on 04 OH on 04 O Price Miri MIn 05 10 10 10 Rico Arg 05 0 01 05 Peak Pek OG 06 08 06 10 Rico Con 61 1 55 50 55 5 Rico Well Yel 30 35 32 3 33 Roch Mines 60 61 1 58 San King OO 00 00 0 s. s P. P r D. D 09 Sells 09 09 09 8 Syndicate Sels OO 00 01 OO Ol 01 Sparta 22 26 24 21 SOY Sparl Trou 03 03 02 04 Tou SeV T Coal 6 35 S. S K IC TJ oal 95 S. S K K Con Con 3 Sioux Son OO 09 10 09 10 Swan Con OO 00 01 So Hecla 1 1 95 1 90 1 95 Si Sit Shield 23 2 25 20 O 25 8 Ext 10 10 I Tun Tung 02 02 O SI 13 H. H Iron BIos 01 Texan 16 15 20 O 15 17 Tar Baby 04 05 04 05 Tin Cent Cent 03 03 03 03 Tin Stand 26 27 26 27 U. U 6 01 oi 01 Undo Uncle Sam 02 06 02 06 Utah Con Con on 01 Ou 01 U. U Chief Chic 02 02 06 06 02 06 Vie Con 03 OH 03 Whirlwind 04 06 ot 01 06 ilbert OC 06 07 on OC 06 w Toledo 04 01 04 06 r Yan Valt Con 13 25 13 Zuma 05 05 02 02 FORENOON SALES SALES Alta Conso ConsolIdated 1000 at Albion 1800 at Dig Big Four 00 nt at at Da Bay State at Cedar Cedar man 2000 at 1000 3 c. c at East Consolidated HOO 1500 nt at Ho Keystone GOO at Nay Day Day at 1000 at Tie Prince Consolidated 1600 at An Palomo 1000 at 4 1000 at He Rico Argentine cb O at It G c. c Rico Consolidated at at Sells 1500 at Silver Sols ICing Coalition Coalton at U. U Siver SIlver King ICing Consolidated at SIlver Shield at a Tar Dab Baby 1000 at Sc lc Tintic Standard 1000 nt at Utah Con Consolidated 1600 1500 at Wilbert 1500 at OPEN BOARD BOAD Antelope Star 2000 at Col Rex Box nt at Iron Blossom 1300 at Leonora Leonora HOO 1500 nt at 20 o. o New Quincy at Rico at to ro Rico lUco ton at At I Soils 1000 al at I Silver Sols King Coalition at nt 53 U. I Silver Siver King ICing Consol Consolidated at at 76 75 at Tintic Standard COO at Total salea shares Value 11 1 q AFTERNOON SALES Alta Con Consolidated at c la Big Cottonwood 1000 at at Beaver Beavor D Copper 1000 at It li lie Cottonwood King 1000 1010 at at lie Hc Earl fit at ft Howell Howel 2000 WOO at lc at 2 2500 oo a at ut l 20 c. c Keystone at Rt GOc GOe Paloma Paloma 1000 at at c. c v. INDEPENDENCE PROPERTY STARTS SHAFT DOWN TO PROSPECT BIG LEDGE Active work has been started on the Independence Mines property In Fortuna Fortuna Fortuna For- For tuna tuna to prospect the tho big ledge that runs through tho the country Cutting through this property and several overal others others others oth oth- ers Is a ledge that outcrops above nil all tho the other formations and for tor some time It has been beon looked upon as the tho most likely dike of ot the district Recent Recently while prospecting tho the country this diko was wa sampled and found to run high in gold For the past PMt two months the In Independence Independence In- In dependence epen ence Gold Mines company has been opening up the tho dike In various places Tho rho Te results have shown show that there Is gold sold values that were not expected ex ex- pee ted It I Is 13 tho the Intention of ot the company to now put down a 0 shaft shat clo close o to this dike and ad then run over crosscut to prospect It It According to E. E C. C McGarry McGarry Mc- Mc rc- rc Garry Garn who has recently returned from the thc property It has been bee traced for tor a distance of ot feet and for tor six to twenty t feet teet on tho the ledge good values are shown He Hc sa says s 's that for tor feet teet from irom six to eight fe feet t of vein matter can be shown that carries 6 to 8 In ingold gold sold The shaft abaft that IB is now being put down dow Is b by hand but It I Is the Intention to shortly shorty put In machinery which will wil allow How tho shaft to bo driven much more rapidly On Oi O tho the property some high grado ore has haR been found reent recently an anono and andone ono one sample saple which was picked showed showed five eighty ounces In gold although the tho entire entre face tace in n tho the tunnel shows slows six elx feet teet of oC 50 50 ore Miami iuli Production Remains Quite High Boston Sept 13 Miami Copper company one ole of ot the smaller porphyries porphyries ries continues continue to gl give c an excellent ac account account account ac- ac count of ot Itself Itel Its Is production lo is now running v very ry consistently at the rate of ot close to pounds of ot copper per annum It I Is only a very er short while ago ngo that pounds ap appear appeared appeared ap- ap pear d to be Miami's limit But better beter extraction and enlargement of or tho the mill mil capacity have havo wrought a 0 big big change e In Inthis Inthis inthis this respect Naturally Natural earnings are arc arenow arenow now piling up for Miami as ns were little dreamed over a n year ear or moro more ago tho the Increase In wages Miami has succeeded In Sn getting Its Ia costs down own to about 9 cents per pound On present price of ot copper earnings are arc therefore running about per par pcr annum or at the rato rat of ot about 13 per share on 01 i shares This I IB Is moro more th th than t twice lc the tho o present rate rale 01 or ii l per snare I San Francisco Quotations The tolo following quotations were re received received re- re over o Badger Bros private ate pr wire I Bid BId I Ask Atlanta 0 10 Booth 0 12 13 I Blue Bull 2 3 C. C O. O Bul D. D 2 I I Combination Fraction 2 6 7 B. B 2 3 Flor Florence l. l 47 41 Consolidated 74 76 7 9 10 Jumbo Extension 35 3 36 I Lone Star 2 3 Merger Mines 2 7 S SOro SOro Oro 3 3 4 Silver Pick Consolidated 7 19 20 Yellow Siver Tiger i 1 Great Bend Tiger 5 G Dig Big Four S 7 Manhattan Consol Consolidated atod Manhattan Dexter 2 Caps 30 31 Grandma 12 2 3 Spearhead 2 4 f Consolidated Virginia 10 11 1 Norcross 7 7 Mexican 16 Ophir 25 S Savage vage 24 S 9 Sierra Nevada |