Show MINES AND MINING STOCK NEVADA HILLS es January Report Show Show- z ing ng Net Profits of r Announcement has bo been n made of a a. deal recently consummated that Is of importance to the Mining company In affording It a supply of water sufficient to Insure against a shortage at all seasons of the year By fly the taG teri terms of an au agreement made at Philadelphia by Charles E. E Knox ono of the directors of the Nevada Hills company campany and Frank A. A Keith a of the FaIrvIeW Pyramid company the jibe Nevada Navada Hills will be enabled to ox- ox x t tend nd Its north crosscut on tho foot 50 level lovel Into the territory of the Pyramid i company to develop water In this thiR for the Nevada Hills mill says tr tio O It la Is said that an Important vein 11 14 feet wide and carrying seams of high high- grade ore has been cut at a point 50 feet north north- north on on this level level and with a 14 Inch seam that averages 20 per ton The belief of the tho management Is that this Is A or consolidation of the and veins Tho work tor foi which the agreement provides Is now now-In progress Tho company has Issued Its January report howin net nt profit of Tho Iho mining profit figured on 2738 tons j milled was Subtracting 1 I from this for construction cx- cx pennes gives givet a net return per ton Ion of The total milling for the month brought fr From this this this-la i deducted de- de ducted for loss in tailings Net Nef costs were ot or 1013 a a. ton Mill results result show a recovery of per cent by concentration and a recovery en ery of per cent by nakin making a total recovery of per perI I cent Four hundred and sixty nine feet of development work was waa done during i the tho month according to the report The Tho milling cost coat was per pei ton the tho marketing cs cents and the actual mining 47 In tile the summary of costs 1 I Is set act down for depreciation of buildings and equipment and a debit i balance balanco for the the month of reI re- re I mains Among the general expenses Is Misted for running the Reno of- of office fice for administration T f for or liability insurance and li 0 forI for I property tax The excess of the tho resources over the tho ii 1 lo n i when for bills payable is deducted from the apparent resources of Among the resources is listed the Pacific Pow Power r company's note for 7 in accounts able cash on hand and In banks cash on hand and In Inhouse Ini i house and In concentrates shipment On or February 10 another note of 25 25 COO and interest was paid reducing the tho cash reserve that amount MINING NOTES AC C. C E. E Huish editor of the Eureka Reporter Rc- Rc porter was in Salt Lake yesterday from the famous camp which every i thirty days Is giving to the world nearly million In actual wealth He le says spite of the drop In the tho metals th camp will no doubt enjoy a pros pros- porous year After having been closed cosed down Iown for several lays days on op account of lack of water the tho Ohio Copper mill at nt Lark 1 resumed operations yesterday Returning from the west vest Col D. D C. C Tackling was In Ely yesterday In- In L V VI I f is expected In Salt Lake Lako Wednesday Kirk Si Leavell have been appointed consulting engineers for the tho new roo ton ton mill which the Aurora Mines company has lias in for Aurora Nev This mine Is Isa la a Knight proposition i When the GIlmore GlImore tunnel Is completed It will be feet In lit length It is sail said the tho is no now working on a five foot face of ore Three cars shipped averaged from 1595 ir 95 to 2215 a aton ton Manager J. J C. C Dick Dick- went out to to look over conditions conditions condi condi- at May Day and other properties SHARP RALLY IN INNE NE YORK MARKET Curb Best in Some Time Time Time-Bos- Bos Boston ton Enjoys Further Improvements Improvement By Bros Private Wire New York March 3 There There was a t sharp rally shortly after the opening which carried prices up Uj to the highest price reached in some somo days and forced the covering of shorts in the tho list The advance was led by Reading and the tho copper stocks Amalgamated Copper sold at itt 71 E compared with GI GIat at the th close on Saturday Chino was tho strongest of the minor coppers It advanced to 40 compared with 38 at Saturdays Saturday's close The Tho strength in morning mornIng morn morn- ing session was in a Jarge arge part duo duoto duoto to the expectation of a favorable decision de do- In the Minnesota rate case which many thought would be ie handed down today It was th the general Impression that the market was the better for th r out of thA way Investigations of that kind are bearish only while they are arc In ress It was so o In the case of the Stanley Investigation of United States S steel I The market had a further rally said to bo br caused by a covering of shorts In the tho expectation that the tho inaugural address of President Wilson will not be nearly radical as-radical as the street expected While the general list was strong the Canadian stock did not respond The strength In Central Centra Leather was said to bo be due clue to accumulation of the stock by strong Interests In the late trading market the market though dull had had-a a very strong undertone and at the close prices were ivere at about tho high level of the day Scott Scott New York March 3 While While the volume vol time ume of business was not v vry ry large on the tho curb today the tone was much better than for some time past Practically all the Issues were strong The oil Issues were steady Braden was tile the leader among the coppers Market closed steady Hutton Boston March 3 Market Market opened with further Improvement a broader market with volume and traIn trading In In- In creased Advances of f over a point made in several Issues during the first hours Among the best looking shares were North Butte Granby Calumet Calumet Cal Cal- and Arizona SI St Royal and Butte Superior Copper metal meLl was show ing much Improved condition and advancing advancing ad ad- steadily for the past week the price in this country being quoted at mand from consumers Coppers should be purchased on all recessions Kenny Co TAR BABY GETS LEAD IN DRIFT Bunches of lead ore arc coming In the crosscut from the main drift of the Tar Baby where a foot of iron carbonates car car- has been struck Is the tho encouraging encouraging en en- word that Manager C. C R. R Greene has Just brought down from rota Big Cottonwood Things are looking so good that Mr Greene declared yesterday yes yes- that he lie expects to be in a post post- tion to do some shipping as soon as teams can roach reach the property In the tho spring This crosscut Is now out 74 feet from the main tunnel It Is making for i the e all tills this work Recent developments have been so encouraging that the manager is sanguine that ho is not only approaching the tue porphyry dike the mineralizing agency of the district but is certain that he Is approaching a sized good body of ore The work is still In the quartzite with the lime lime- shale near at hand Mr Greene says the snowfall In Inthe the Cottonwoods is about tho usual for this time of the year This is four to five feet on an average GOLDFIELD EMPLOYING MEN MEM IN MINES More than men are now em era- In the mines and mills of the mining district and In all probability the number could be shown to more nearly approach If a close canvass could be had of the men workIng wonting work wont Ing Ing- IngIn In outside territory and on ozi indi owned properties says tho News The Tho following following- table the tho result of cit n a of nf th th nm now operating In the district gives the number of men on the pay roll of each company but does docs not include a number of men who are in charge of work a at various points and some of whom might be classed as miners since they work about the mines Consolidated Goldfield Merger Mines 60 Jumbo Extension 22 Florence Goldfield 10 C. C O. O D. D Consolidated 10 io Goldfield Oro 10 io Sandstorm Kendall Cons Cong 9 New Jersey Mines Co 9 Nevada evada Ragle Fagle 7 Silver Pick Cons 7 Reorganized Booth G C Lone Star Consolidated 6 Reorganized Blue Bull 6 Vernal 5 Black Butte 5 M. M Ore Red Co 5 Goldfield Belmont 4 Others with leases 11 ii Western Ore Purchasing Co 20 Total STRIKES REPORTED FROM CAMP ROCHESTER Word reached this city yesterday that a strike of three feet of rich ore had bad boon made In the Lincoln Hill at Rochester It Is also aJio stated that Crown Point No 3 of the Rochester Mines company ha has struck something good PARK CITY ORE YIELD IN FEBRUARY Totals Tons Estimated Estimated- at Valuation of Ore Oro produced and marketed from the various mines s of Park City district for forthe forthe the month of February shows a at t largo large increase over that of January owing to the fact that five weeks happened to tocoma Conic coma Into February while January got but four Accordingly February shows a total of tons tolls valued at while January was vas given a total of tons toiLs valued at This is a gain of tons or r almOst equal to a weeks week's s production Silver King Coalition continued the loading leading shipper of the camp with 00 tons In February more than in Janu JanU- ary Daly Judge comes In with tons more than in the previous month while Daly West shows an Increase in increase In- In crease of tons over A A. break In the tho engine caused a decrease in Daly West's The Individual shippers for February are as follows Pounds Silver King Coalition Daly Judge Daly West Ontario leasers Ontario Sliver Silver company There Thero is more heavy mining going on right now and In contemplation In Inthe inthe the old silver bonanza camp than In Inmany inmany many years Tho Silver King Consolidated Consolidated Consoli Consoli- dated Is now sinking its l bI ig shaft from the 1300 level an additional feet which will give It a vast unexplored zone zone of great possibilities to open at depth the Comstock has already electrically equipped Its property and started sinking with the expectation of going to great depth while the tho Sliver Silver King Coalition also has a bir tig shaft project under way No doubt all three of these propositions will begin to yield rich rewards before the summer has faded Into the tool oOl of fall They give Park City an outlook unsurpassed In a i long time for big re re- re suits I NEW BOSTON YORK j jj j COPPER MARKETS Badger Pros K 8 Main ham street fur fur- nish the following quotations received yesterday over their private wire wire- BOSTON RANGE I II I L. L I Cl i i o 1 3 ij it ii Butte Superior 33 31 32 Arizona 62 61 Chief 50 1 1 14 Copper G 46 17 Daly Set 4 Blue 6 1 06 st Butte 1547 11 12 13 72 ts to 62 iSh 13 Isle o 23 Lake 1016 17 16 17 43 46 46 Mason 25 7 7 7 North 13 2 P 2 North Butte 13 27 i Ohio Copper 5 63 GS Old Dominion 59 49 49 Osceola 90 tO 90 Superior c Boton United V 10 10 0 I 43 NE' NE YORK CURB RANGE I Ii 1 Cl Ohio Copper 62 Consolidated 16 16 10 5 70 La I I 6 9 Sj 3 Volley I. I ii I II I I. I I Ci 54 36 7 5 iS 17 3 2 I 1010 40 tiny 21 23 17 16 17 60 SAX FRANCISCO MININ Sun San Francisco March 3 The official for or mining stock sleek today were as os fol to lows lins I Bid I Ask I Fluid I Ask Alpha Con 01 ci Gould in Curry 07 03 64 19 Occidental Con ConS 70 o nest Elect 03 16 ic 10 n 03 Caledonia KO S Con 03 sg Belcher 04 30 Nevada 10 L 17 r Hill Con Ca Ral 01 Con as 03 Coo Con 20 Con Oon r Crown 62 Jacket 0 Exchequer 0 j CROWN POINT MAY SINK ON THE BREAK Crown Point management for some time ha has been contemplating sinking a on the tho break encountered about feet southwest of the shaft on the COO level It was at this point that conditions suddenly took a more favorable turn a few months ago and the stock nearly doubled over night Manager Roundy Is at present on the coast and on his return this important piece of work will vill probably be started The rue drift on the level making to the tho southeast Is out feet now but b usual has been encountered EUROPEAN COPPER STOCKS DISAPPEARING Badger Bros Private Wire London March 3 Foreign Foreign visible copper supply In England France and afloat thereto on March 1 wa was tons a decrease of 1298 tons In the past fortnight Stocks at Rotterdam anti and Hamburg increased 1309 tons Liverpool and Swansea stocks decreased tons London decreased 52 5 and Havre decreased tons Dow Dow Jones As Co UTAH APEX ISSUES FINANCIAL STATEMENT From Boston came wort yesterday that tue Apex issued a state state- meat ment of operations In January as fol fol- lows Iowa Total tonnage of ore mined H J tonS wet concentrates pro pro- tons ore oro sales re receipts re- re and other sourer sources total operating expenses profit from mining operations less lees bonds other fixed charges and 1651 1654 net profit for January operating cx- cx included for new develop develop- UI ments en t e. e OHIO COPPER GAINS 3 POINTS Iron Blossom and Stronger While Several Issues Decline on a the local cal yesterday WAS 01 Jill i R a T ot up and aud downs In prices copper wan va three r stronger at tIc lra Ulu om win wu nt ut r n w VAS fractionally advanced In lii the other class Colorado win VA down to Uncle Seiti sold as ss low ns as 7 c li ck l In ll the 31 class clasA white while Union Chief wi-nt wi i M. M at iV i Prince soki o l at A Mock lIOk of OCO of i nl At while Ceo Ceo- trai went nent nt et e soil and He se Sales S r for r Il the Amounted to a tots total of cs nt at M closing elo quo quo- were ns es follow 1 Ii V I Bid I I sk f fling Ami 04 06 01 I 06 Jact i it 10 13 Carla 1 10 01 Cob i 15 12 15 Crown 03 o Columbus 05 j oi 02 01 I Crown 01 0 T Fin Coo I Tin o Chain 37 4 9 74 30 75 78 Queen Iron Blossom on It-on King 02 03 Joe 1 Keystone 20 06 Lead lUng 10 01 03 Jeli oi 00 OOl Lion 03 02 03 lie Lower 04 04 O 15 03 I 15 I Valley 70 Day 12 12 12 Mineral lit 01 01 Lake 04 Nerada hills 10 10 New lorl 00 Ohio Copper Cl 1 62 66 I 06 02 02 02 Metals 00 0 oo its os o 06 07 irs 71 70 71 Prove oi co OIt Cr Point 1244 16 16 Seri 07 SIlver IC Con 73 Shield 64 03 04 Iron 01 TIntie 00 66 United 01 1 Uncle Siu 15 02 14 07 ictor 03 01 Con 56 58 50 03 13 Yankee 1414 12 15 Copper 04 10 04 it 23 40 13 I 40 SALES Iron Blossom at Ohio Copper IC a Sioux Con at Ic Wilbert at lOc OPEN BOARD Beck 30 at Crown PoInt 0 at 1 Iron Blossom ilL at May Day 00 at Ohio lit Tintic Central 2000 At c Con at 1915 SALES ui LW U. U Si Stow C n. n at Sc t I. Kim ini COO nt at I Chief at Oni 1000 at 1000 at 10 X at st S Sc ic orix 1 Daiy at Colorado at ISe Ohio Copper at Uncle ain Con at Sc May Day at hun at iosa at Con 60 st sold eIling value on the curb yesterday vre confined In one Alta Con of 2390 shores at lie to The closing curb were as follows Alta 20 C. C Stil 07 2 29 Col Ut Stir 23 40 Bin 03 liy Witch 06 dlf 29 o. i-o. 10 32 lion fun 01 06 OhIo I 20 Yering SILVER FLUCTUATIONS AND THEIR CAUSES Silver has lias fluctuated slightly but mainly in a downward directions direction and the February 1 average In London will bo be about Id less than In January says the Engineering and Mining Journal The I he demand for India has been good and shipments to that country have exceeded those of last year but not by a large amount The falling off In the purchase for China however has been n large That country needs money badly but its wants ants are still fled fied owing to the many difficulties which have attended the negotiation of the so called Six power loan The ThO closing of that loan bait Is still In the air the latest delay being due clue to objections Interposed by the I rench government to certain details oX the agreement Should the loan be actually concluded there would bo be a heavy demand lemand for sliver silver and probably at least a temporary any ary advance In price but the time for or orthis this Is still uncertain Meantime tho stocks of silver in hand are large and there is plenty to meet any present demand The In Ina In- In a dian I a Il govern government m e n t has accumulated in ii la t Cd enough |