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Show Well, these freeze-out games work both ways, and it is just as well to stand from under, when money is as tight as at present. Dalton may be all right, but manipulation of its stock will bear watching. George F. Canis. Salt Lake, October 23. WEEKLY REVIEW. . Pew stock transactions. Little doing even in shares of Utah's dividend-payers; next to nothing, in speculative specula-tive stocks. Investors as a rule have to be 0 bunted. . More pin holes are being punched in gilt-edged gilt-edged stocks, it is reported, as holders eau't afford to sell at prices now ruling, and feeling feel-ing the necessity for ready money appeal to the banks, which demand the best of collateral. col-lateral. Perhaps the most important strike of late In Utah leaving out the one reported in the Monterey, in Tintic district was that in the Detroit district, news of which reached Salt Lake within the past few days. It is said that the ledge in the Ibex mine bas been caught in the Kattler, the adjoining claim. If this proves true it will tend to attract attention to the Detroit district. That was practically abandoned, until Allen G. Campbell Camp-bell became interested there with Mount & Holbrook in the Ibex early last month. It lias been understood all along that Mr. Campbell intended to invest a lot of money in developing the property and providing . means for treating ore from the Ibex that In that respect the new commonwealth is better fixed than any of the other inter-mountain inter-mountain states. By the ratification of the Wyoming state constitution by congress, that state acquired absolute ownership of the water that flows through its territory. It is ridiculous to suppose that the state officials would permit Colorado people to tap one of its greatest sources of water for irrigation irri-gation purposes the North Platte or divert di-vert these waters to the use of residents of another state. Last year an attempt was made to steal a portion of the supply of the Laramie river by Coloradians. A stop was put to that by State Engineer Mead. A big irrigation project, that was calculated calcu-lated to supply water to arid lands in Nebraska, Ne-braska, had to be abandoned a year or more ago, because Wyoming would not permit the North Platte, or another large stream, to be tapped within its boundaries for the use and benefit of the residents of another state. This case is analogous to the issue that might be raised were the attempt made to divert any considerable share of the North Platte supply to swell the volume of the Cache la Poudre. Therefore, if there is any foundation in fact to the story printed in the Denver paper regarding surveys that have been made for tunneling the Medicine Bow range, it is for would place it I AMONG TUB SEW GOLD PRODUCERS. No efforts have been made to boom the district, but Detroit is said to be worth watching by mining operators. Assays of over 20 per cent copper and up-, up-, wards of $25 to the ton in gold have been obtained from Rattier rock. It is claimed to be identical with that of the Ibex. J. Al McBurney is named as the authority for Information concerning the new find. It may not be out of place to mention that the intelligence concerning the re-awakened interest in the Detroit was first published in this review. purposes other than irrigation. Chances are, if any surveying has been done, it is in the INTEREST Or A RAILROAD. It would be natural that the real object would be concealed by railway proje ctors, who were trying to find a natural water-grade water-grade through the Medicine Bow range, or a method for establishing such a thing by artificial means, like tunneling. Though not cenerally kuown, one of the favored routes under discussion when the Union Pacific was built, contemplated tunneling tun-neling the Medicine Bow mountains. The overland line might have been built over the same ground that this mythical irrigation irri-gation canal has been surveyed, had it been the desire to make "it an air line. But there were weighty considerations, such as the acquirement of lands, that caused the railroad to be built over a circuitous if not serpentine course. . Certain high officials of the Union Pacific are known to entertain the notion that the original survey, or the one outlined, Is the best route that could be selected. To repeat, if any surveying has been done, it is a safe bet that it has been done in the interest of a railroad, either on paper or for practical use. There ia certainly something tangible in the When the announcement was made attention atten-tion was immediately attracted to the district. dis-trict. Numerous 'prospectors have gone there since then, and a number of operators either in person or by proxy opened negotiations negotia-tions for claims there. , Withiu the week some excellent specimens speci-mens of copper and lead ores were brought to Salt Lake from the Deep Creek country. The percentage in both metals was high. When that section is opened up, remarkable remark-able things in a mineral way may be counted upon. ' Aside from the railway project of CoL Murray, there is said to be an entirely different dif-ferent line under consideration. If the Murray people get down to business, the Rio Grande Western is extended and this latest scheme materializes, then there will be no question as to the future of Deep Creek. Like the Rio Grande Western plan, this latest one contemplates including the TIN TIC DISTRICT ON THE ROUTE. That much can be inferred, at least, since one of the promoters is largely interested in Tintic. , To pursue railway rumors further, some more Denver gossip may be repeated, that has a certain connection with the line from that city to Salt Lake, to which brief reference refer-ence was made in the last review. The first of the week the following article was printed in a newspaper published in Denver: ' . , : "J. H. Nelson, one of the Denver Societyjof ' Civil Engineers, is now engaged in the sur vey of the territory between the headwaters of tho North Platte and the Cache la Poudre rivers, with a view to buildiug ditches and . tunnels for the purpose of transferring water from the former to the latter stream for irrigation purposes. To do this it will be necessary to tunnel the Medicine Bow range, carrying the water thirty to forty mile. "Tbe valley of the North Platte is a narrow nar-row one, and the hisrh mountains on three V sides of it furnish a vast amount of water, V more ttian can be utilized with the small area of tillable land found there. ' "On the other hand, the Cache la Poudre valley is broad, level and fertile and has lu-ed for much more water than the stream affords. Tho scheme, which proposes to tap the one river for tho benefit of the other, is therefore a very important one. "The expense of such an undertaking, coutemplating as it does the cutting of miles of ditch and DENVER-SALT LAKE AIR LINE through southern Wyoming. It will be ' built some day. Indications point to its : construction at a date early enough, at i least, to connect with the San Francisco & Salt Lake railroad across Nevada. ' In the beginning it was stated that there is no activity in stock. Perhaps that might be aualifled to the extent of saying that there is no genuine or healthy movement in mining shares in Salt Lake. Talk of Dalton stock showing an upward tendency, as to price, is heard on the street i and the gossip somehow creeps .into certain papers. It looks as though there was a scheme of some sort to boost up Dalton.- ; - - - First came the, report that an immense body of ore had been struck on that property and then covered up in the workings. Reports of that sort and more or less sen- Rational talk floated in from Marysvale regarding re-garding the property. Prices for the stock are said to have advanced. But the brokers aud the safe mining men generally are somewhat incredulous. - They perhaps remember the suspicious circumstances circum-stances under which Dalton 6tock was originally orig-inally placed on the Salt Lake Mining Exchange. Ex-change. At that time certain newspaper men are KNOWN TO HAVE ACCEPTED BRIBES to help boom the stock. Its price did go up ten or more points. But the plot was discovered dis-covered in season to prevent anything like the wholesale swindling that is alleged to have been planned. What makes recent Dalton talk and fluctuations fluctu-ations of its stock appear fishy is a financial transaction of late in connection with the company. Assertions are made that prominent stockholders, stock-holders, manipulators of the stock, and even officers of the company, hunted far and wide for somebody who would advance the money to take up a $4000 mortgage or obligation of the company that came due this month. DRIVING MILES OF TCNNEL through walls of granite, must be very great, and it is certainly evident that the projectors have a 6trong faith in the future of agriculture in Colorado." In the language of the street, such a yarn as this may be termed a "blind." No such irrigation project is likely to be consummated. Not that it isn't feasible, but for the best reason in the world, that there are insurmountable insur-mountable obstacles to be overcome. Chief among the objections of this sort in the irrigation line is the fact that Wyoming never wiil permit Colorado to divert the waters of tho North Platte. The Upper Platte valley, as it is called, is one of the most fertile sections of Wyoming. Wy-oming. It is a garden amid mountains that serve to temper the winds, shield it from - storms and give it advantages not ordinarily J possessed by sections where the altitude ranires close up to 7000 feet and even higher. When Wyoming was admitted to statehood, state-hood, control of the waterways within its ' boundaries was ceded by the general gov ' ernment. Failing to make a raise out in the cold world, these same men are said to have gone down into their own pockets and "dug up" the requisite cash to liquidate the indebted-nets. indebted-nets. " . This happened only about a fortnight since. . If tho "mine" contains rich ore, is it reasonable rea-sonable to suppose that that indebtedness would be permitted to stand against the property? With ore such as has been reported could be shipped, it wouldn't take many tons to pay out a little debt of $4000 or such a matter. mat-ter. But then it is intimated there is a freeze-out freeze-out game in progress. That is the explanation explana-tion why the big strike suffers eclipse. 1 1 II I 1 1 11.111 .III llllllll. Illll lllllll Ill Willi 111 II |