Show UP WENT THE PRICES PRICE-S Makes an Advance of Eight Points One full cent advance marked the history of the white metal the strpng II est upward movement silver has been j avored with for some time The quotations ations moved up from 61th cents to 62 cents showing a gain of eight I I poInts Lead remains steady at 330 I Speaking of the fluctuations and pres ent upward tendency of silver and the general mining situation the Rocky Mountain News says I It is doubtful if the London explana tion will discuss the rapid growth of the trade in silver dollars between San I Francisco and China Weeks ago as mentioned at the time in these columns the chamber of commerce at Hong I Kong dominated by British merchants passed a resolution asking the British I government to provide in London for the coinage of a special dollar for the I I Chinese and eastern trade No attention atten-tion was paid to the request and one result of this stupid neglect was the building up of this new demand Lot San I Francisco Senator Tellers resolution to provide for the coinage of the MexIcan Mexi-can dollar at the San Francisco and Carson mints will greatly aid the San Francisco movement and will create on he western coast of the country a fair demand for silver bullion thus reducing reduc-Ing the supply in New York The Henry mountains a gold district in the southern part of Utah which exited ex-ited much comment and some disappointment pointment last year are again in evidence evi-dence Samples are now coming out which assay from 20 to 28000 per ton The ore is not free milling The five stamp mill now in use on the Bromide property saves only 30 per cent of the assay value Placer mining is in progress pro-gress along the Colorado river and is credited with paying about 5 per day to the manE man-E H Taft of this city is examining sites in Gilpin county for the erection of a plant to handle refractory gold ores The method of treatment is not stated Gold shipments from the Rocky Moun ain National bank Central to the Denver Den-ver branch mint reached 34000 for the month of March Chances for an immediate settlement of the Cripple Creek difficulty seem to recede rather than grow in size About half the miners who were released by the closing of the productive mines are how at work on small contracts in other properties Thus while production produc-tion Is low in the district development is active and is daily adding to the known supplies of gold ore When the owners are quite ready the strike will end The strikers compromise which was rejected without debate at Colorado Colo-rado Springs is now viewed In a more favorable light It gives the mine owner seventeen hours of solid work per day of two shifts at a cost of 650 whereas he formerly secured from fourteen four-teen and onehalf to fifteen hours per day of two shifts for 6 The men eaton eat-on their own time under the new Stratton arrangement which the News commended as a basis of agreement |