| Show l MINES AND MINING STOCK QUOTATIONS I NEVADA POTASH b MAY BE V VALUABLE An Area of 32 Square Miles Near Goldfield Being In Investigated In- In Results of ot explorations for tor saline salines In It I Sliver Peak Peal Marsh Nov e recently made malIc by 13 the the- United States geological sure survey sur sur- e vey are arc Just published In a a. short re report rc- rc port ort by n. n B. B Dole of ot the tho survey surrey a as 3 bulletin R fl an advance chapter r from bulletin Sliver Silver Peak Marsh Marsi arsh I is 25 s a salt playa or ot up lako lake of or prehistoric pre pro historic origin about twenty miles mUes S west of ot Goldfield and tn twenty five miles mUes 5 southwest of ot Tonopah two well well- mining centers ot of Nevada Th The Tho exploration was ivas made for or the ot of ascertaining whether deposits o of ot t potash salts In commercial quantities ti llo lb within c easy reach of ot the surface No e extensive beds of ot such salts were discovered cred although the salts In certain samples amples of ot brine contain as mud much muchas mucha t a as 3 3 and 2nd per cent of ot potash 1 KO Drill holes were sunk at several several sev sev- eral points In the old lake bed b by means of ot a small email portable drilling outfit out out- fit operated b by a burro the borings borIng being carried to a depth of ot about fifty sift feet feeL a Commercial Practically the tho entire surface of ot th the playa two thirty square miles Is covered coY cov ered ored with salt that averages a in depth 1 about quarter one of af an Inch Tho The up upper upper up- up per aera averaging ln probably 10 feet feel t thick contain not less than 2 per percent percent cent of ot salt It is estimated that not t less es than 15 square miles mUes of ot the northeastern northeastern northeastern north north- eastern part contains a foot 10 saline salin bed of which at lt least 60 per cent Is h salt alt It is calculated from these moderate moderate moderate mod mod- erate estimates that tons ot of ot salt alt lies within 40 to feet of ot the thc surface The high rate of ot evaporation which I would permit solar concentration ol of brines the absence of long continued rainfall to interfere with operations the nearness of a railroad and more mor especially the hl high h degree of or purity ot of ot the product as indicated by analyses of the brines are arc extremely favorable features in regard to tho the possibility ot of ot E utilizing these deposits Salt is now being pro produced on a small mall scale cale b by Franl Frani Porter of ot Silver SIl Peak who states sLates that about tons tom ha has been bagged bagge an and sold in three thre years ea rs FOUR BIG COPPERS ARE COMPARED Utah Copper Nevada Con Cone I T f r Ray and Chino for last Quarter Chicago Nov t O 20 Four Four of ot the largest largest lar lar- gest Sest j irod producing rod porphyry copper mines Utah C Copper Ray Consolidated Nevada e Consolidated and Chino have have reported for tor the quarter en ended ed September 30 Utah earnings are computed on a metal selling price of ot 1662 cents a pound or approximately one cent a pound less than actually received cd Rays Ray's on a metal metal met met- al selling price of or 1713 a pound or or approximately cent J-cent cent a pound less than re received el ed and Chino on a a. price of or 1668 a po pound nd or 2 ce ts a pound less legs than received so that the quarterly state state- ments do not wholly reflect the earn earn- ings Nevada Ne does not give the price received for Its copper which was taken tak talc en at Utah's figures urEs and antI basis was was' used In estimating Xe Nevadas Nevada's as a's cost per pound of production The Tue com corn figures are arc as follows Utah Product 9 1 1 8 Net profit 1 I Dividends Surplus 1 I Cost per pound Earnings per share Rate per annum It should I be remembered red that the ui Ul miners in LB Utah seriously affected affected af- af tho the outturn of ot September which showed ed a total of ot only onh pounds S or or nearly five c million less than the preceding month The strike has been settled and Utah is now operating at nearly capacity ALTA ALIA AL TA CON MAKES IMPORTANT CONNECTION Connection of or tho tim Brooklyn workings i p nd And the lower tunnel of or the Alta Consolidated Con Con- i was scheduled for toda today aci ac- ac cording to Supt A. A 0 O. Jacobson who i came came- do down n from tho mine I This yesterday raise Is about two hundred feet I 1 and tho the connection insures I perfect yen yen- throughout the tho mine This will wm facilitate the mining in a a way few appreciate At tho top of the raise there was tram fram fifty to sixty feet of r ore which will be bo mined later At this tills I point a drift connects with tho the Brooklyn Brooklyn Brook Brook- lyn workings s. s From this on shipments of or ore oro will vill bo be sent scat to th tho market pretty regularly As the tho Michigan Utah tramway tramway tramway tram- tram way I passes within about rUt fifty feet of ot the tho Alta AHa Consolidated stock piles this means o ot conveying con tho the ore oro over thi tho five miles mUes of worst wagon wag road will be or utilized in a short time ORE RECEIPTS LARGE LARGEt t yf AT MASON SMELTER Below IB is the total ore receipts of or Mason Valley smelter at ot Thompson for the lie seven days end ending Ins Ins- November 14 U in In- In elusive Nevada Douglas tons Mason Iason Valley VaHey mines 2 2228 2223 28 tons from miscellaneous laneous mines 64 1 tons shipments of ot copper matte from Thompson for period ten ton carloads same Bamo POTATOES 1 Ten cars choice Utah and anti Idaho potatoes po po- po at reduced 1 prices cier Seed Store Advertisement COPPER STOCKS ARE FAVORITES Boston Activities Centered New York Rally in Afternoon Afternoon Afternoon After After- noon Hour B By Bad Badger er Bros Private Wire I Boston Nov o 20 ActIvity Activity in the Boston market has s been centered on Mayflower and Ol Old Colon Colony Quito large transactions and very ery fair fall ad ad- vances ances Vor Very favorable fa property re reports reports re- re ports have ha been Issued and ever every drill drillIs L Is confirming previous pro reports Scattered Scattered Scat Scat- terel selling breed Granby down 2 points but this stock Is expected to tc sell much higher on favorable fa engineers engineers' engineers engineers' engineers engineers' engi engi- reports next week North orth flut continues w well JI bought Sentiment Is it favorable to coppers but we lack an nn I aggressive leader Market arlet closed dull but with a very good feeling Kenny CoXe Co Xe New Ney York Nov 20 There There was wn no nc feature to the stock stolk market again Prices In the ear early session were subject subject sub sub- to considerable pressure In spots especially Steel common which had lind itt Its effect on the general list Support I was rendered however hO after the thc noon noor b hour ur with a consequent rall rally or just enough to run tho the shorts In Tho Tim Balkan situation was devoid ohl of or oran an any special feature thou thought though h news from L that quarter seemed to be bc for a near settlement of ot tho tim war Foreign markets markets mar mar- were wore sluggish nevertheless There m was wag no news 5 here hero during tho session L that would be bo an influence on security values alucs Discussion of tho the forthcoming changes in the tariff was about tho thc m only factor fact that hot acted as a real menace against the market and we believe this Is creating some liquidation atlon from fron t timid holders of ot securities W Wo We fino finc 1 no reason to chango our position on or I the belief belle that you OU will witness lower I. I p prices r i Sva Swain In New e York Nov Nox- 20 Trading Trading on curb curl was ns in small volume and as a rule rulo th the t coppers sold off Mason Valley Yae was war 3 offered at 1 12 at the close GIroux was war I unchanged an and Greene Cananea sa sagged warI ed I fractionally There Was as very cr little r said In tho the In industrials Fa Fay UTAH MICHIGAN-UTAH TRAM CARRIES RICH ORE Utah Michigan has Just marketed a L consignment of thirty tons of ot ore which whet I sampled sample 70 cents In gold old ounces ounce silver 7 73 per cent copper per cen cent lead and per cent Iron This was war tho llio mine to Tanners Flat Flot The tram ir Is the mine to tu Tanners Tanner's flat rial Tho The tram train 1 Is being used only to keep it In operating condition an and to con e convey the limited amount of oC ore being mined at the tho present present pres pres- ent time A force Coree of f t about ten men is isnow s snow now no In tho the employ of ot the thc company on both sides of or the hill bill Tho The leasers are arc getting out the tire ore IMPORTANT MINING DEAL NEAR NAMPA Sp Special lal to The me Herald Nampa Ida Nov Xo 20 An An Important mining deal was cio closed d at Silver Sliver City Monday when hen W. W F. F Frazier of or Lo os L Angeles Angele representing a French mining syndicate purchased the tho Ontario and Steuben mines located locate on Florida mountain from front Sullivan an and Mattenson for A A. F. F Stevens of ot the Rich Gulch Mining company compan will ha hay hav charge of the property for the new owners A recent rilling of ot 3 32 tons of ot ore from the tire claims pro produced over Information received here toda today confirm con con- firm tho report that a large vein of ot high grado rado shipping ore has been open opened cd up In the Banner Danner mine which b is also located on Florida mountain Nevada c ada Ray nay Chino 7 00 6 1002 93 08 IS 18 10 39 72 SOUTH HECLA WILL SINK SHAFT TO After Alter having spent several days tas at Alta Col George II IL rat Watson on general manager of ot tho the South has re ro re- turned turne Ho says that for this time timo of or year caa tho tIre roads aro are in fall fair con condition Thero There is con considerable snow in places and a good many chuckholes In n tho roa road Relative c to the mine he hc saId that everything o now is in rood good sha shape e for the winter All AI tho the timbers ham lum ber and other supplies besides pro provi arc on tho the ground and housed Tho The working working- shaft from tile the level Is completed within three sets setH of the tunnel level le As soon as that is a completed sinking will wUI be resumed resume on the The plan is to continue continuo this work during the tire winter an and before spring this shaft will wm be carried at least to the thc level CAMP CARROLL HAS ANOTHER EXCITEMENT Many reports have been coming from tho the Watt aU property of oC Carroll Nev Ne i during the past two or three days las that Indicate I conditions of splendid Import for tor this g gold l property The Tho Stall brothers broth broth- ers who have havo done lone some Bome v very r ular rilar leasing In recent years In Nevada p. ada have o within purchased tIns this property and tho past month three cars of oro ore have havo been shipped the first bringing bring bring- In ing In returns of or over O The last two cars are arc expected to bo be more val val- There Is great excitement In the Carrol Carroll Car Car- rol roll camp and tho bottom of the tire main shaft Is reported to be he giving givIng- forth sold gold old ore oro as an rich as an any ever found anywhere In Nevada Ne All hands aro arc bus busy sack ing this rich stuff much of or which Is to be bc Ely Expositor shipped tor to market b bv by express re s.- s. OHIO COPPER FROM BOSTON VIEWPOINT In answer to to the tho inquiry of a cor cor- respondent the Boston Commercial gives elves tho following opinion on Ohio Copper which must bo be taken It Is worth wOIth for what Ohio Copper has haH been a disappoint ment meat The Tho yield Iel of ot tho the ore oro Is lower much thrum than the reports of the Ing en engineers which were be based supposed ito to upon a ling gave us most careful sampling samp- samp reason to tel expect Tho The company should be making makinA money mon mon- ey at the nothing present time but hut there Is be bo said of particularly the bullish that can cnn stock and there Is little or no prospect that It will VIII have o considerable any advance in price M f MM M 4 4 ORES AND D 4 i- i 4 44 4 Smelter A 4 settlements yesterday reported by bv Co Ores bullion 4 Sliver Silver bulon 00 4 was quoted 4 t p per pr r cathodes at 2 o copt cop- cop copf f i New York 45 t lead t f 1 t BINGHAM CAMP NEARING NORMAl Of All Al Big Properties Utah Copper Seems to Be Nearest to to Capacity After Atter making a trip over o the camp ol of o f a Salt Snit Lake Lako engineer said sak oI I yesterday Judging from m my personal observations observations and what I could learn I bell believe e ethe the Utah Copper company is in better bette r shape shapo than an any of ot tho tIme other properties S In the tIme district affected b by the recent t strike It appears to be employing c fully If It not more than half halt Its Is usua usual I force an and the production must mURt be considerably con better than half Its Is regular l output which was wa to OOOO tons tont S ral dally A dozen or more of the time twenty bl big steam shovels are arc bus busy and ant a large largi tonnage Is being sent to the tue Magna Magn mill mil Thero There the vast ast capacity for ore ure casU easily takes care of tho the half haJ ration raton I It ItIs I Is receiving hero In normal times S recel you ou would see seo five twenty to Lo fifty pp loaded cars standing In the yards yes yesterday c ter a I didn't see sec one Tho The recent recen L starting of work with wih steam shovels a and In underground In-underground un erg roun at the Boston Doston Consolidated Con Con- end will wl soon Boon help to bring the up to capacity and give gl e tho the two concentrators all al the they wanto want wan I to do Utah Consolidated I la is shipping or ore I over eJ the time hill 1111 hl by tramway to the International Inter national smelter at Tooele where It I Is lr 3 being stored In readiness for tor the tIme blowIng blow blow- Ing ln In of tho the copper furnaces The Tho United States also Is working c with wih a limited force anti and I understand understand 1 the tho tramway is not being operated continuously con on account of ot lack of ur ore t to keep tho the string siring of buckets tlc filled I It I probably has a half force fOlce Utah Apex is said to be bo working 7 about fifty to seventy five se fl of ot a regular regular regu lar force of menThe menThe men The Utah Metal Is still sUl silent on th the S end It I had run un un Into some som 2 rich streaks of oC ore Judging from Crom tb the 2 dum dump p. p New England is working a n force torce 0 of ot about a dozen menThe men The TIme Highland Do Boy Is operating with witha witia I a much reduced number of ot men Ohio Copper Is working probably OO men at nt both hoth the mine and the mill mi The Tire dally daily production Is near 1800 tons I. I dall' dall At the Bingham ham Mines Dalton LarlI Lark Larl C I mine 60 to 70 iO men compared with wih 81 80 I or 90 o at normal are arc now employed I. I At t the old Commercial only a few tew men mci I aro arc on the the- pay rollI roll rol I r r hear the tue Montana Is t to 3 increase Its Is force But to tell tel you ou the truth the wa way waymen men have left leC b by the hundreds hun an and the greatly reduced outputs outputs out out- puts of ot the various mines and tho the dif difficulty dl to get et laborers the thc camp really has a gone to appearance NEW NEW BOSTON YORK I I I COPPER MARKETS I 1 7 71 Badger BAdJer Brothers broken 10 S. S Mob Main street t furnish the following quotations r received yesterday yes yel oter their private tI wire BOSTON COPI l It J. IL I. I I L. L I o- o C. C AI O 4 4 4 Arizona Commercial 4 4 4 4 i S S S. S 8 Butte S. S Superior 45 43 47 i 41 Calumet ArIzona IS 79 Chief Consolidated 5 l 1 3 IS i Copper Range ng 10 5 j 57 7 i Dai Dal Daly l 24 2 2 3 Eust Enst Britte BoUe |
