Show I MINES AND AND MINING STOCK QUOTATIONS RICO WELLINGTON iSSUES REPORT t Markets 1 11 1401 7 in Ore and Debts Amount to Rico Wellington Mining company has Issued a report for 1912 from which the te following extract aro taken showing oro ro marketed and total debts debt of an overdraft of Wa havo Issued for a terra term of five years tho Pro Patria mill belonging to the Rico Mines company and located at Rico Th The ore will bo handled on the tram from froni the tho mino to tho railroad cars arz and a a. switching charo of 3 per car from the switch to the tho mill has been obtained The Tho ore oro will be loaded directly from the cars Into the crusher with concen coneen- and nd the cars reloaded We are aro spending about for the of this mill and tho auxiliary power plant A A. two bucket train 2500 feet from the tho Wellington tunnel to Winkfield switch vIte on the Rio Grande Southern railway ha has been installed and Is In n operation This tram ha has a capacity to handle from fifty to sixty tont of ore in eight hours costing 23 cents per ton tori placed on care as compared corn com pared with the formed 90 c cents per ton wagon haul The shipment of copper ores Is being curtailed nt at this time as It IB In necessary sary to o do new ne' work to reach rench the ore the tunnel which shipments shipments ship ship- ments have been made Approximately tons of lead lead- zinc ore are blocked out and ready for treatment in the tho mill At the tho present prices of metals this ore should bring brine about 52 per ton net after being milled This ore body Is limited by west east fault lines one cutting cutting- It off on Sn Its upward and southeasterly course courso I Immediately above the tunnel level ORE PRODUCTION 1 t Zinc ores oro Tons Moist weight Moisture 1021 per percent cent Dry weight Lead ores Moist weight j Moisture per percent cent 1254 Dry Dry weight Copper ores Moist Mols weight Moisture Moisture- per cent Dry weight Or Orti sold still on dump approximately ap- ap proximately j I. I Receipts smelter returns 12 Knight Investment Co loan Cash overdraft Dec 31 1912 Total ts Cash overdraft Dec 31 31 1911 on oi purchase price o oi of i property Operating Operating- Plant t lAsry off supplies Foyer plant Interest Assaying and sampling ore c t tram and aDd loading cars real reat estate 00 are oro tests Investment Co paid on loan Taxes 2500 Stable account v T Total tal Liabilities Balance due on property Due Knight Investment Co 71 Cash overdraft Total The total stock represented at the u meeting January 20 1913 was u shares BOSTON AND NEW WEW YORK MARKETS ARE BETTER By Badger Bros Private Wire r Boston Feb 27 Boston copper shares made further Improvement at the opening today but small rec reces s- s slops to around last nights night's closings were yere made mado after after- the first half hour dull and n b by Butte Jr o'clock the market became J feature Superior was ln the with only a narrow tion In n the tho forenoon Copper shares Improved throughout tho list and closed Hovey Kenny Co New York Feb Feb- 27 At At the the market showed fractional pains gains over Wednesdays Wednesday's closing and on the whole seemed to possess underlying arid and sentiment appeared to be more confident Traders tried to break report of a strike of laborera labor labor- ers era at ono of the plants but the stock was well taken around 61 S. S Toward t ke close the tho market retained its rally and closed around the high prices E. E. E F. F Hutton Co M In New Y York Feb 27 The Tho curb tone the outside market was better today the advance was only frac- frac onal in the coppers Braden and Alaska were the leading Issues The oils wern werA quiet There were no lea fea tures of og Importance Market was active the and strong at the close Hutton HAS 4 ACTIVE GROUPS One Vein Sampled From 1000 Feet in Gold and Silver the now camp located about twenty miles southeast from Milford and seven miles east of promises to make no Insignificant showing the coming coming- season according to A. A J. J manager of the tho Utah United Copper company who came camo up from Beaver county this after an Inspection of the new camp campin in Black Mountain district Mr McMullen says there are aro three or four properties now active in Jar Jar- loose Some likely gold ore Is being produced front from all of them The greatest great great- est ost depth to which the tho veins have been subjected to scrutiny to elate date Is 6 6 feet where considerable or ore that thit carries from 15 to 32 a ton in gold and silver line has neon beon exposed Men from Beaver City who aro de developing tIe tIe- ono one of the properties are arc so sanguine of the profitableness of the tho ore they arc aro mining from a foot 65 shaft that they are sending several tuns over to the little Sheep Kock mill to have it tested This shaft is an In- In dine following the vein The Tho country rock of the tho district IB is a aking aking king of formation fissured by quartz ViIu The values are arc found in pockets in the Quarts gangue matter Jn in the north end of the district the Ivans and Gould property also has a foot CS-foot Incline following the tho vein down on a foot 65 angle Hero are aro two well walls with bunches of high grade ore making making- in the tho vein Mr McMullen sampled an outcropping outcropping outcrop outcrop- ping vein for 1000 oct foet along Its strike Some of the ore averaged 32 32 lo to the tho ton showing about 23 ounces silver and IT In gold One sample assayed ounces gold the ratio of silver values slightly below the average There are some enormous ledges outcropping out out- cropping through the country de declared do- do dared Mr lr yesterday I t believe the district will make mako good There Is some timber for mining mining- near bv by and three or four springs of water iz In the district It is Just possible that the country Is the south extension of the sheep Rock Rob Roy gold belt ap approximately approximately ap- ap proximately thirty miles to the north It having dipped under tinder Blue valley and emerged to the th surface again at Jar Jar- loose WHY RAY AND CHIN 0 DID NOT ACT Charles Hayden Explains Failure Failure Fail Fail- ure to Declare Anticipated Dividend By Badger Bros Private Wire Boston Feb 27 Charles Hayden of Hayden Stone Co a director of Chino Copper and Ray Consolidated says regarding regarding- failure of the heads to declare dividends at their monthly meeting Recently published reports of Ray flay and show clearly the operating conditions at the properties and their earnings The Tue action In not declaring initial dividends today on Ray flay and China was In no way ii based upon question question ques ques- tion of what earnings have been made as they are thoroughly satisfactory But ThIt It was based purely and simply upon the fact that the hoards boards of directors tors of these two companies did not propose to make the Initial dividend one which Is paid by borrowing money against copper Until recently sales aIes oC of copper m metal tal during the last ninety days have been very small small- Recent large sales have been for delivery during during- March April and May As soon as companies convert convert con con- vert enough copper Into money divi un dividends will be paid E. E. E F. F Hutton Co M M rn U t t m e 4 ORES AND BULLION f 4 t Smelter settlements yesterday 4 reported by McCornick tt Co f 4 4 Oies Oles received bullion 4 shipped f ff f Silver was quoted at GOc cop cop- copf f per cathodes spelter New 44 4 4 York lead 4 THINGS STIRRING IN CAMP OF ROCHESTER John F. F Cowan director In the Rochester Ro Rb- chester Mines company returned yesterday yes yes- from the new Nevada camp He reports the place as lively as over with people flocking In there in a wonderful way An epitome of the latest movements In camp Is given below The Big Four leasers lasers have shipped their carload of ore to the Utah smelters They are now drifting and upraising At a price of I T. T K IC Gregory has taken over from Staat the Abe Lincoln claim Tho Tue North Rochester mines Is said to tobe tobo bo be besieged with men wanting leases The of the Hunter lease on Crown Point Is down sixty feet and will be carried to one hundred On the No 2 Codd lease the l ledge dge should be encountered In about a week HEARD OM THE CURB They talk about mining investments Do you know that HO 0 p er r cent of all mercantile businesses fall fail Eliminate tho wild cats and visionary prospects started by tenderfeet and there Is no such mortality In the mining gan Frame as that In nine cases out of ten the tho mining proposition Is open to closer Inspection than the tho mercantile Hero here HeroIn herein In we have an Industry with hun bun of companies and scores of pro pro- Last year they gave to tho world In metallic wealth and In dividends to stock stock- holders They employ directly men and the pay roll foots over Vet did you hear of ot a single notable mining failure In Utah In 1912 or in iii fact I in any of the tho great mining states Some of the tho may have failed to pay dividends divi In 1912 hut but how many b Of the mercantile companies did And did you ever stop to think that outside of thi agricultural and mining of the state that not a single corpany or firm produces n a dollar of for forthe forthe the world Cut out the IT In in and I culture for on one year a l a-l d the rest of the businesses of the sto would b be beas s as flat A is a pancake pancake pancake-in In Inc five years they would all avay on OTt the thIC rs of th the first that camp came along On th the other hand anti and ture stand on their own and could stand with all thi the others In And yet you hoar Itar some of our merchants knock Pome people dont don't think enough to know the that feeds them 4 I HAS UNIQUE STRIKE Well Fed Well WC Paid Men Cant Can't Forget a Supposed Enemy Nothing Is so interesting to human beings as the quirks of character protruding protruding pro pro- hero anti and there among amons society or the exhibition of the unexpected among fellowmen where certain things are lone clone when something entirely lit dent was the tho usual This la is illustrated In the strike which the tho South Hecla at Alta Rind had precipitated Into its lap on Saturday Saturday-a a most unexpected anti and extraordinary affair It was caused hv by the manager of South Heels permitting permitting per per- the force of miners from the Columbus Extension which recently lost host Us Its hotel by fire to come over and temporarily occupy vacant rooms and chairs at the table In the commodious com coin South boarding hotis' hotis The Extension was under a ban baa for bucking the union strike last sum mci anti and thus the strike The story goes that about ten days daya ago Supt Dave Le in in on of the Columbus Colum bus 1115 Extension made arrangements with Manager Watson of the tho South Hecla Hecha for thu accommodations of his hla men un until until un- un til temporary quarters might be built at tho mine There being ample room and plenty of if provender on hand Manager Man Man- ager Watson readily consented thinking think think- ing no doubt this addition to the number num nuin- bet ber of boarders might help the thc house to add a little to profits The thought of trouble never entered his nead Ills men were well paid a day or 50 cents more than Tintic minors the quarters were comfortable and the meals were satisfactory In fact this was the only mine in camp that thai met tIle the demands pf its noon men In the tho strike last summer But when on Saturday Supt Lemmon appeared at the house with his force of eight or tort ten men the tho South Hecla force of about a a. dozen quit to a man Even the tho cook Is said to hay hav refused to prepare aupp r for the newcomers who were hungry and tired from the trip up the tue canyon The result is the South Is closed down and the Columbus Extension Is working I 1 told you sod so Is the tho way the he other mine mine- managers are aro now poking It at the tho somewhat nonplussed manager ger of If the South Hecla 1 When asked lay day what ho he expected to do Colonel Watson said that although the tho mine is looking hooking the ore is bringing In considerable revenue and ho would like to keep going yet ho has about decided to let the men have their own way and not resume work for a while COMSTOCK CALIFORNIA ELECTRIC THROUGHOUT As a proof that the tho new California California- Comstock Consolidated means business It may be stated that the tho company Is Isnow isnow now Installing an Ic compressor electric pumps and an electric hoist at the property properly In the Park City dis dis- It Is thought that the machinery will alt all be In position to facilitate sinking sinking sink sink- ing the new shaft to within the next ten days Prom From then on some rapid sinking is tIm tho anticipation Everything Everything Every Every- thing Indicates that a big neW producer will be the result NEW BOSTON YORK YORKI I COPPER MARKETS t Badger Brothers Broter S. S Main street the following quotations received over their private wires yesterday COPPER RANGE I Sales II I U L. OI ii C 3 3 13 Butte c 1415 2 0 31 Arizona tO 61 69 Copier flango 14 44 West O Ialy lUSJe Blue Bell i 99 9 st l 1 12 12 Franklin 6 6 6 si i Greene Cananea ISO hancock o is Indiana ul 11 j k Copper 20 u i Majestic 4 44 43 43 alley l 2 2 Butte r Copper o s o cu Old Dominion 6 46 4 it Colony 5 it ss Superior 27 26 T Superior t Boston 1220 United Smelting 15 39 1 33 Utah 90 9 9 BOSTON GURU CURD STOCKS I Did I Ask I IBId Bid J iAsi Ask Bohemia 1 2 24 Mith lbs Ely 63 o Majestic 12 44 aI V. V Cactus 9 Ncr Doug 2 Con 5 1 1 Ohio 6 63 71 Oneco l 1 Shet Aris 23 24 Day Daly LOS Sup 6 5 10 12 B. B B. B 97 South 7 Witch S j 10 Verde 67 I O 15 1 New Baltic 75 65 NEW V YORK CURB RANGE I Sales II hi I I Ia I Cl i 2 i- i w mi mi is El ri i Ohio Copper 2700 cof 6 Ely Kly Con 11 8 10 8 Ii 1 14 11 ii 14 Nevada Hills WO 1 Hi South Utah McKinley 1200 Kerr Lake NEW NE YOU IC LISTED STOCKS I Sales H. H I L. L I Cl Ci Utah Copi Copper er sj Copper 25 Nevada Consolidated 1 1300 17 16 16 Consolidated 1000 Copper sono soto ap G lull Itay 00 1900 17 1200 45 I j wa too SI I 2151 S SAX t N CI QUOTATIONS OSS Badger B Bros w. w brokers 1 0 S. S Main street fur fur- it nl li the following quotations yesterday over their private VIVA Atlanta ii t Or I Blue Bull Bill 4 2 73 C c. c o. o 1 n. n 7 o ri Comb Irac I 7 I 4 Daisy I 4 SIerra Ii Dla Dia Daisy B. B B. B 2 6 i. i Union hO 11 Florence I 48 49 Con 22 Jumbo Ext Si 3 Ca Cash h Boy g tar Star e Z Queen 3 4 r Jim Cutler Butler z 2 Merger Spearhead si Silver Tick Pick t c Midway 11 I 5 10 Mon Mc's I Ext JO 21 Yd Vol 2 3 z Montana Etc Big roar Toor 5 so 0 MIzpah 1 20 zo Union 3 3 1 20 1 Gold 10 North St Star r- r 21 23 f 24 ii lieu Kan Cm Cue I S Kula Fula 13 is Man Dexter I J Tune Tono Ext Eat i Min H. H Con I I Morn t West It l IKUI Mustang S Con I I. I J I P. P Sll Peak VUIto Cap f Ncr Hills V 3 I Iw 17 I IS Hound it in 1 OHIO COPPER DROP First to 1 12 Cents and Ohio to 60 Cents Light Cents Light Days Day's Business light trading iCan the business oa on the local losi exchange yesterday with n-Itu rather oft off a little hittl froni torn ito highs of A HUck Jack sold up to 33 IS cent on onn onI n I total of sharps shares Colorado dropped dorm to VL a ie- ie 7 Jw- Jw all 1 Ohl OhI nt lo to a ii low level l. l GO 60 cents Kin Kins wa weaker while May Mey way and Opo- Opo bongo Just lipid their onit t for the tho T lay totaled Staled 1696 Ji r valued at 90 Official closing quotations jester yester day Uny were as follows follow I Forenoon II Afternoon I Bid I Ask I Bid I Ii Ask neck Beck Tunnel J ou 10 I 10 1014 BIDS Ania 06 Black Jack ii 11 13 n 11 1 15 10 Cedar Codar Tails Ol 01 01 Century 10 Colo Mining 14 16 11 I Col nm Con 10 14 U Crown to 03 O 03 0 Daly Dab Daly Jude Dragon 10 10 i. i Prince 01 ft C 01 i 02 I K Crown 00 vOh f K u. Tin Om Con If or oi orr I r i 03 bId Chain 33 o 40 0 rand |