| Show THE UNITED STATES MINING CO in commenting on the affairs of the united states mining company operating at bingham and eureka utah the united states investor says trading in U S mining stock has been very spirited the past week and at one time the price worked up to 2534 25 the highest quotation on it this year A good deal of the buying is claimed to have emanated in new york by interests identified with the smelt ing ng combine As the U S mining company is working out as a smelting smelling sm elting proposition and as such is naturally in competition with the american smelting smelling Sm elting refining company there are naturally grounds for believing that the latter are giving the former some attention by beco becoming interested in it on the street however no wever the impression prevails that manipulation has had a good deal to do with the pres present ent advance in the stock and that it was started for the purpose of marketing the new issue of stock that was authorized for the purpose of acquiring the mammoth mine for the moment the stock finds many sellers at 25 or above but it would not be surprising it it went higher as time progressed espee 1 I quy if the general t upward movement in the copper shares hares shows no signs of abatement the V U S mining company to date has been subject to both criticism and praise with the honors about even and while it has not accomplished all that was claimed for it as as early as prophesied allowances must be made for the fact that it is an immense enterprise ter prise and as such must proceed slowly the management have confidence so they claim in its ultimate outcome to accomplish and if given sufficient time expect to accomplish much and see the stock sell higher in speaking of present conditions at the property president evans says the 1000 ton smelter has not been giving complete satisfaction but we are gradually eliminating many of the difficulties and the output is steadily increasing at the present time we are operating four out of six furnaces and are treating about tons a day we are handling some custom ores and expect to increase this business very materially within a comparatively short time we expect to have five furnaces in steady operation and to bring the output up to the capacity of the plant the lead smelter is progressing favorably and we are satisfied that it will be a money maker from the tart start |
