Show MINING in an article commenting on mining investments the western miner and financier of denver makes comparisons which are very favorable to the centennial eureka as follows such deals as the centennial eureka are area a help to the entire mining industry they are legitimate in every sense of the word and are of the class in which investors can make money compared with such stocks as the zuma of arizona which is selling on a basis of and has not paid a dollar in dividends nor for that matter has it carried a dollar above working expenses no wonder vonder that eastern people are somewhat skeptical with regard to mining investments when their own friends and neighbors will advise them to invest their money on a basis of in cheap prospects such as the zuma we realize that it is very difficult for eastern people to discriminate between the wheat and the chaff but good common sense ought to tell them the difference between a property which has been producing year after year for many years and which has paid dividends to the amount of several millions and has large ore reserves on hand from which they can pay several millions additional and cheap prospects which have not yet proven that they can earn a dollar above working expenses to a western man it seems strange that eastern people would be willing to pay such enormous prices for stocks of little value when such stocks as the centennial eureka can be bought at such reasonable figures the same paper also says marysvale Marys vale utah is enjoying a boom which is part of the overflow from the prosperity of the mining districts of colorado most of the people who are going in there to td purchase and develop mining claims being colorado miners walter burrage was in denver yesterday getting prices on mining machinery and says that the little mining camp which has here fore attracted but little attention has suddenly taken on new and vigorous life and if plans now being arranged are carried out before the end of the present year the camp will be one of the most active in utah marysvale Marys vale is located in piute diute county utah well down toward the southern part of the state it has been known for some years as a mining camp of some promise but development has been slow and few if any of prospect stage A week or two since however there was a sudden influx of colorado miners mostly from the cripple creek district and now the town is full of strangers who have been buying property and taking bonds on all they can find and evidently preparing to make a long stay all of the claims that have fallen into the hands of the cripple creek contingent are being worked and all the miners in the district are at work at 3 per day one party of new comers have purchased more than acres of land and are laying it out as an addition to M marysvale Marys arys vale the col orado invaders say that within a month there will be cripple creek miners in the camp and that they will have a smelter in operation within a year the men who have been holding down claims for many years are paralyzed with surprise and hardly know how to take this sudden invasion of their neighbors many who have been laying plans for a year or more to buy this or that piece of property have seen the coveted claim snatched away by the new comers and are now apparently all at sea as to the meaning of it all |