| Show I L MINES MINING AND STOCKS Busy Time at the Stock I Exchange Yesterday Yes-terday LISTING OF PROSPECTS The Matter to Be Considered at the Committe on I Monday ALMA AT MARYSVALE Three Feet of Carbonate Exposed in the Tunnel CtrlUe of Rich Gold Quartz In the Henry 3L at Ringham Eastern Pride Group Incorporated as the Sere Year Gold mining Coinpany Hank Dividend Wjvsatcli Onyx Company Machinery For the I Sacramento Mill Ore and Bullion ion i-on Receipts The Clearings 1 ins Aotcs anV Personals i j 1 Testerdav was a good day on chance and it is believed that from now on the transactions on its floor will be increased daily I is an institution in-stitution in which every citizen of Salt Lake < and the state of Utah can well take pride a it offers a safe and legitimate channel for the transaction of business in mining and other stocks There is no city in the country that can boast of an institution that can excel the Salt Lake exchange in the matter of the high financial standing of Its officers and members and I this is any criterion to KO by the Salt Lake hard Is as substantial a a rock and has come here to stay There I no board i existence on I which so many dividendpaying stocks are listed as on the Salt Lake board and nowhere else can there be found more or better scecuiative stocks than I in Utah and it Is honed that in the near future a large number of tt ese i irill be listed with the exchange under the head of Prosoects Promect investment stocks are good but it takes cheap speculative stocks to make it lively in the ph for the investors in high prlced dividendpaying stocks are few and fia between and this fact is illustrated illus-trated frv the keen interest manifested and the quick and ready bidding hat takes place when the unlisted stocks are called and for this reason a i large number of prosnects should be regoiarlylisted the cghange desires r to meet a ponular demand i To consider his matter the listing I committee of the exchangeTvill hold a meeting next Monday at 8 pm it is believed that this demand will be favorably considered and acted upon The transactions for the week although al-though not larzre were of an encouraging encourag-ing nature and those who preside over I thp destinies of the exchange feel much enoouraered over the outlook The business transacted during yesterdays yes-terdays call was as follows LISTED STOCKS = o I I t Cr2 P r Names of Stocks C I rp tl F F a I g = Anchor 1 250 Achor 050 6f Alliance Aliac I 1 Bullion Beck e CentennlalEureka 1 5 00 Daly 1 50 60 1 DalyWest 52 Eureka Hill i Golden Gate i t Gemini i Horn Silver Mercur OC GO Mammoth 10 14 Marian i Ontario tOld S I 923 t-Old Jordan tJoux CosoU1ated it 1 fiilver King J I r Sunshine 34Z 10 i r3211 th 0 h Total sales 100 LOCAL CALL OF UNLISTED STOCKS Colburn waited Aja at 45 cents Lowe bid 50 and offered to I at GO Sheets offered to sell CentennialEu I reka at 50 Lowe bid 57 and later on 5750 Daly was beared by Hill Lowe and Springer from 625 to 6 The first bid of 5550 was raised to 560 Mercur was in demand over the highest high-est bid of the day before Lowe raising his first bid of 5550 to 56 Hill offered to sell at 650 Sheets at 625 and Springer at S620 No sales Mammoth was quiet Sheets wanted tp buy at 140 while Doanellan wa Vfiliiiit to s l at 5L45 Sunshine was active in the bidding and asking I started at 325 bid andS and-S 5S asked and a sale was made on a basis of J347 ½ Sheet to Pendegast 100 shares The dealings in unlisted stocks were a followsUNLJfaTED olowsf 5TED STOCKS t b 4 1 mg nt t g c n ip f I r same ot Jtck > r ° = t If 8 Little PIttburg 3 4t 3Y 10 Geyser 140 I 15 S Dalton J Dalon 40 New Am 1Tat Gas 11 i 50 A Insley Park CIt 12 Insey Park City I W 1 1 60 n Eagle Iercur 2 3 I Comstock Grant Rover Brs Soap 1 9 1 1 0 t Total sales 1 I 11400 BALES OF UNLISTED STOCKS 5 000 Little Pittsburg at 3 cents 10000 Little Pittsburg at 3Y cents S 1500 New American Natural Gas at 1 500 cents Bogan at 12Y cents STOCKS CAL OF UNLISTED Plttsburs started at 2 cents Little Lite pltburg and 2000 changed bid and 4 cents asked Ind at 3 cents Colburn to ed hands at cent Lowe Later Colburn sold Lowe 10000 bares at 3 cent Hti wanted to sell Geyser 1000 t voting prlv 5Jt shares retaining the votng 0000 ID retining g 000 at L45 Springer wanted the Socflc clear at this figure and offered J 31A0 e privIlege E 2fld homJon tumbled over each other In bearing Dalton which was hammered from 11 cents asked down to 10 Sheets wanted to buy at 9 and 9 jh American Natural Gas was sold at 1 cents Hill to Donnellan Harkness offered to sell Insley at 12 cents No bids Bogan opened at 10 cents bid 25 asked Sheets sold to Harluiess at 12M cents 500 shares Buyer and seller could not come together to-gether on Eagle Hill wanted to sell one share of Grant Bros Soap at 25 No bid Rover was dropped from 125 to 110 in the asking and raised from 90 to 95 cents in the bidding Hill offered to trade Rover for Dalton one to ten SALES FOR THE WEEK Shares Monday holiday Tuesday 7175 Wednesday 12100 Thursday 2100 Friday 4800 Saturday 14100 Total 40273 DEALINGS AFTER CALL Colburn sold 1000 shares of American Ameri-can Natural Gas at lOl cents and 303 shares of Mammoth at L45 Donnellan purchased SCO shares of American Natural Gas at 1 cents and sold 1QO Mammoth at 145 and 300 shares of Eagle A sale of Mercur was reported at 625 THE AWIA MINE AT 3IARYSVAIB Three Feet of Carbonates Exposed In the Tunnel D A Giles who for years has been developing the Alma mine in Cottonwood Cotton-wood canyon just south of Marysvale I is a recent arrival in the city and brings with him samples of carbonate I ore from the Alma tunnel that look good enough to eat and which indicate indi-cate that the long sought for ore body has at last been reached and that with his associates C A Ames and I Willis M Ames of this city he Is to be rewarded for his years of toil and privation Two weeks ago the streak of carbonate ore was but three inches wide but within a few feet it has opened up to a fine body as above stated and with shipping facilities it could be marketed at a profit I A few weeks ago while going up to the mine Mr Giles discovered a small oropping of ledge matter near the trail A twelvefoot cut with a sixfoot face has been run on this and a body of gray copper ore has been opened up that promises to develop into a mine of no mean proportions I Mr Giles says that the mining outlook out-look at Marysvale is good The Dalton and the Gold Belt are looking fine and encouraging assays have been obtained ob-tained from the face of the Duquesne tunnel A large body of ore has been opened up in the Clyde and tellurium ore has been found in the GilesNo 2 paralleling the Gold Belt STRIKE IK THE HENRY M Gold Quartz That Carries High In the Yellow Metal A strike of more than ordinary importance im-portance is reported to have been made in the Henry M claim located at the head of Bingham canyon in the West Mountain mining district This property prop-erty is owned by George il Lowe of this city and is under bond and lease to Henry Owens who recently arrived in the city bringing with him a lot of white quartz from the new discovery oa this property The quart carries free gold and runs as high as 240 in the yellow metal The strike is an important im-portant one aside from its value to those directly interested in the property prop-erty as i may lead to the location of the gold bearing ledge that has contributed con-tributed to the wealth of the rich gravel deposits that underlie the canyon can-yon for miles Mr Owens is also Interested with J W Smith in a valuable gold and copper cop-per proposition in Lemhi county Idaho In this mine they have a foot and a half of ore that run from 540 to 247 in gold to the ton besides carrying car-rying high in copper values The ore is highgrade showing free gold and i is believed that the ledge will Increase In-crease in size with depth TJASTERX PRIDE GROUP la ornorated as tOte New Year Gold Lining Company The mining claims known a the Eastern Pride Nos 1 2 3 4 and 5 in the Camp Floyd district were incorporated incor-porated yesterday under the title of the New Year Gold Mining company The capital stock of 1000000 divided into shares of the par value of 1 each is held by the incorporators a tollows Abraham H Cannon 125000 shares A W Winberg 182500 shares Ovando C Beebe 37500 shares George Q Cannon Can-non 25000 shares George M Cannon I 25000 shares S S Howard 30000 i shares Lewis M Cannon 125000 shares I Angus M Cannon 25000 shares John I M Cannon and A W Winberg trustees I trus-tees 400000 shares The officers are Abraham H Cannon president A W Winberg vice president I presi-dent O C Beebe secretary and treasurer treas-urer These with the other incorporators incorpo-rators constitute the board of directors I direc-tors DIVIDEND PAID I By the Utah Commercial and Sayings Say-ings Bank The Utah Commercial and Savings bank yesterday paid its regular quarterly quar-terly dividend of 2 per cent WASATCH OXYX COMPANY A DepoBlt of VarlColored Onyx In Emigration Canyon I is not generally known that in the mouth of Emigration canyon a deposit of beautiful onyx has been discovered Such is the case however and although al-though work on the property has been quietly carried on for some time the fact has been established that at our very gates the foundation for an industry in-dustry has been laid that promises to develop into magnificent proportions The onyx deposits above mentioned though only partially developed will doubtless rank in the future as among the finest in this country Already it has been found that slabs of this stone can be taken out that will dress 5x20 feet in the clear and the stratas vary from 1 inches to 2 feet in thickness II The onyx take on a beautiful polish and shows all the colors pf the rainbow rain-bow The green tints are the most j striking while the solid colors drab mouse and gray are simply elegant I A company has been organized for the development and manipulation of this onyx deposit known as the I Wasatch Onyx company of which M M Freed is president C M Freed vicepresident and Dennis Elchnor secretary and treasurer When it comes to the production of the beautiful as well as wealth Utah is strictly us it and in this respect stands the peer of any state in the Union FOR THE SACRA3IEXTO StILL Machinery at Fairfield and Will Soon Be in Place The machinery for the Sacramento mill has reached Fairfield and in the I morning G R Bothwell will go out I to arrange for its transportation to the mine at Mercur and it is expected I that the works will be started up within three weeks from this date I The mill will for the present have a capacity of 60 tons dally but this will eventually bb increased I is estimated that 100000 tons of ore are blocked out in the Sacramento mine which wilj average from 8 to 10 In gold to the ton This for a starter will cause the yellow boys to jostle over and help swell the volume of i finance but tf Camp Floyd continues to show up many more such propositions proposi-tions on short notice the powers that be will have to demonetize gold or i will become too plentiful The Sacramento is owned by J S Larken R E McConaughy and G R I Bothwell VEST MOiiTAUi FLAGEII co Worlssf Started Up After a Long Period of Idleness Day before yesterday work was resumed r re-sumed at the West Mountain Placer I companys works in Bingham which have been closed down now for a year or more This is an undertaking that I promised large returns and a big sum I of money was expended in sinking a triple compartment shaft to bed rock a depth of 150 feet but the heavy flow of water caused a suspension of work and for a while It seemed a if the project was impracticable notwithstanding notwith-standing the fact that the auriferous gravel which was very rich had been reached Now however profiting by past experiences It is believed that the development of these placers can be successfully carried on and that the great gold gravel beds underlying Bingham canyon will be forced to yield up their wealth of yellow metal The result of the development work as presented a year ago demonstrated to some extent the value of these gravel deposits as the average yield was thirty cents a pan and upwards in coarse gold The sinking of the West Mountain shaft has opened up a large area of virgin ground and if the venture proves a success the canyon will be dotted with hoists from Bing ham up as i is estimated that the gravel beds carrying gold extend up the canyon a distance of four miles or more I the gold ledge is ever struck from which this precious metal comes Bingham will rank as the greatest gold camp in the known world A NEW THIXG IN TOWN A Pnzle That is as Intricate as the Gold and Silver Question Cleveland and his bug puzzle was invented by Wm B Smedley one of our most popular young men whose friends are legion The merits of the puzzle as an educator following the line of public thought on finance together to-gether with the coming exciting contest con-test during the next presidential presIdental campaign cam-paign must attract the attention of the public and become as popular in this inter mountain region as it has in the east east Mr Smedley Is to be congratulated a I he will doubtless pile up the sheckels from the sale of his Invention The puzzle is on sale at the book stationery station-ery and drug stores THE GOLD FIELDS OF UTAH A Circular Letter That Is Being Scattered Through the East F A Wadleigh general passenger agent of the Rio Grande Western Is sending the following circular broadcast broad-cast over the east To the diversity of its mineral resources re-sources does Utah particularly attribute attrib-ute its coming greatness Within a distance of forty miles from Salt Lake city in the district known as Camp Floyd the Mercur camp is making great strides toward fame I is the only rival of Cripple Creek in the west and while its ore bodies are different In character from those of Cripple Creek the ore area is so extensive in dimension that the future of the camp is not problematical but assured The Mercur mine a control in which has recently been bonded for 1200000 is the mining marvel of the age I has been paying dividends on the basis of 300000 per year Recent developments has uncovered the ore body in the neighboring hills for a distance of over eight miles and indications point to one of the richest and most extensive gold fields the world has yet seen Very unlike the Mercur is the Marys vale district ISO miles south of Salt Lake city on the line of the Rio Grande Western railway where high grade free milling gold ore has recently been uncovered In addition to the Mercur and Marysvale camps the gold and silver camp of Tintic district and Bing ham as well as the smaller camps in the Henry and La Sal mountains Deep Creek and Dugway the encouraging encour-aging placers of the Green Grand and Colorado rivers all located on the line of the Rio Grande Western railway are attracting much attention There is not the shadow of a doubt but that Utah at the present time presents tme a magnificent field for speculation Ore and Bullion The ore and bullion receipts yesterday yester-day were as follows Bamberger McMillan ores 6165 Walker Bros twelve bars Alice bul lion 12000 T R Jones Co ores 14600 bul lion S5SOO Wells Fargo Co bullion 1294 000 Commercial National bank ores 1 Silver and Lead Bar silver was quoted yesterday as follows Silver 66 cents Lead 205 Copper 9 cents Bank Clearings The clearings of the associated banks yesterday were 5328986 For the same day last week they were 254182 Mining Notes and Personals Judge James W McGarry of Beaver is at the Cullen Two cars of Petro gold ore from Bingham are at the smelters Cal Hardy is feeling good over the showing made in his Mercur claims Charley Van JUstine wife and child leave for California tomorrow morning morn-ing W W Chisholm secretary of the CentennialEureka returned from Eureka Eu-reka yesterday 33 E Clark of the Eagle leaves for Mercur this mornins and will remain at the mine for a week or more The Sunshine townslte company has disposed of twentysix lots on which twentysis buildings will be erected besides which the company will put up three buildings of their own J W Presnall the well known mining min-ing man leaves for Sunshine this morning morn-ing but will return within a few days Munseys Magazine for January contains con-tains a portrait of Mrs DeLamar the wife of Captain J R De Lamar the noted mining operator J W Young manager of the Salt Lake branch of Fraser Chalmers Mining Machinery company is exp ct ed home from the north tomorrow Another block of 5000 shares of American Mining and Milling comp com-p nys stock was sold by Joe Moss yesterday yes-terday The property of thig company James Wilder of Silver Reef has sent Dan Gurnsey of this city another lot of samples of ore from the new gold strike at Grapevine Springs in Washington Wash-ington county A W Ellis one of the owners of the Ells orthe April Fool mine at DeLamar Nevis Nev-is registered at the Walker Mrs Ells El-ls accompanies Mi Ellis and together they will take in the sights of Zion Robert Gorlinski M E anow Randall returned from Park City today to-day where they examined the Insley mine which Is located on the great ore zone of that district Mr Randall leaves for Denver this morning to make his report to the company Superintendent Logan of the Mohawk Mo-hawk mine in Bingham who went out to the Old Reliable day before yesterday yes-terday telephones to Van Pelt to shake as the property shows up beyond be-yond his most sanguine expectations is located at Willard fourteen miles north of Ogden The lint is being developed de-veloped by a tunnel which is now in a distance of 283 feet the face being in mineralized ground apd it is expect pd that the ledge will be cut in fifty feet mpre Mr Moss also reports the ale of 2000 shares of DaHon at 91 cents I Judge Henry Rives of Eureka Nev one of the most successful mining lawyers law-yers in the west is a guest at the I Walker Judge Rives is one of Captain J R De Lamars attorneys and attends at-tends to his Nevada business I is I possible that he will locate in Salt Lake and engage in the practice of his I profession in which the local bar will secure a desirable acquisition The Insley mine the stock of which was offered on change yesterday by Frank Harkness is a Park City property prop-erty of well known value This stock I has been listed on the Denver board I and large blocks have been sold thereat there-at 11 and 12 cents a share The officers cers of the company are M H Insley president C W Walters vicepresi dent 1 W Barkalow secretary and treasurer and J W Randall The I property is being developed by a long tunnel which is in a good body of ore I Frank Harkness o this city is the I local agent for the company At a meeting of the directors of the Sampson company held yesterday i was decided to offer 20000 shares of the treasury stock of the company at 10 cents a share The Sampson is an old Bingham property on which extensive prospecting and development work is I heing done and in doing this the property has nearly been paying expenses I ex-penses When ready for business there li no doubt but that the mine will prove to be a regular dividend payer The stock is being readily taken and is recognized as being both a speculative and investment proposition A meeting of the directors of the Copper Queen will be held Monday at 3 pm to consider the details of a con tract for the development of the prop I erty and the extraction of ores from the same An offer has been mada for the purchase of 50000 shares of the I treasury stock of the company to which there will be some opposition OPpositon as it is believed I a beleved that but little more cash will have to be expended in order I to make the mine mine a paying proposi I tion as 0 twofoot ore body has been exposed that assays 18 in gold and ten ounces ip silver to the ton I Henry Franklin of Ureen River Utah is registered at the Walker Mr I Franklin is engaged in sinking an oil well at Green River and the oi wel the well is now down 690 feet the oil bearing sand I rock having been encountered at a depth of 680 feet and it Is believed that a few more feet will strike the oil flow oi fow As it is I the water rises to the top of the well on the top of which there isa scum of oil that readily ignites on the application of a match Nearly 3000 has already been expended in this enterprise en-terprise and it is to be hoped that success I suc-cess will soon crown the efforts of its promoters Mr Franklin says that early in the spring active work will be resumed on the placer bars along Green river The East Golden Gate Mining Co has just issued a tasty prospectus descriptive de-scriptive of the companys holdings which adjoin De Lamars Golden Gate mines in Mercur The prospectus includes in-cludes a map showing the relative positions posi-tions of the leading mines of the camp and also a profile map showing the topographical lay of the country The I descriptive matter is well compiled and the prospectus as a whole makes very I interesting reading for those whose attention at-tention has been directed to mines and I mining The capitalization of the company com-pany is placed at 600000 shares of a I par value of 5 each Its officers are i Frank Knox president W R Busen t bark vice president J H Bacon treasurer E J Carter secretary and George Kislingburg manager Mr A Lochwitz who is connected with a good many of the best mining properties at Mercur has opened an office at 213 Atlas bldg Anyone wishing wish-ing to invest in Mercur mines will do well to call on him |
