Show SLUMP nr coir JJEBCUB Various Reasons Given for the Slump in Its Stock The collapse In Con Mercur that yesterday yes-terday morning followed the secretary I rather Irascible announcement that the I listing of the shares upon the Boston exchange had been Indefinitely hung up and that John Hays Hammond had not taken the trouble to go through the proposition caused all sorts of apprehension appre-hension and that I its shares receded 10 3 during the afternoon was not the least afltonlshlng Hitherto the oln errs of Con Mercur hud been assured that It wafl to have a position on the Boston board and word comes from the East that President Cohen has been during his absence looking aftci that responsibility In this It Is also said lhat James A Pollock has taken 11 part Again It was said during the afternoon that the dividend would be passed If that is done of course another an-other would not be expected for three months To this George Dern treaSurer treas-urer and assistant manager replied that If such was contemplated it had not reached him At the same time the story is abroad and it I came through ofllclal channels lhat a dividend divi-dend of not less than 150000 will be paid for the quarter However President Presi-dent Cohen IK expected on one of the early trains from the East when something some-thing definite is relied on Meanwhile the management of the mill Is handling SCO tons of ore dally while the cleanup for December Is now being reduced to gold bullion North Star to Be Patented William Edison owner of the North Star group In Park valley Box Elder county says in a letter to Harry Jo scpn manueei 01 me oui uuuu nnn owners and companies are all headed for the Land office with applications for patents and that the season opens with an unprecedented amount of work In i progress The Century company which Is now dropping Us battery and running1 Its tanks on gold ores that show steadily increasing average has its I application In the Land office well a advanced as has also the Bib Buffalo and the Golconda with the North Star to be surveyed for patent at once It looks l as If Park valley was to receive the attention of a large number this year and at least two more mills will bo erected before the closo of the year Goes to South Africa Charley Hcnrotln who has been Identified Iden-tified with the Highland Boy smelter for some lime has been called upon lo accept a position with the great DC Beers Con Diamond Mining company with headquarters at Cape Colony and will depart for that South African metropolis In about three weeks The position to which Mr Ilenrotin has been summoned is that of mining engineer engi-neer for which he departs excellently equipped The De Beers company Is the largest engaged in the diamond mining mi-ning industry while Its shares arc now I selling on a basis of 600000000 for tho whole It employs an army of men in its I minus maintains a city of its own around the properties and that 11 has sought tho skill of a Utah boy Is a compliment com-pliment J that wjll be esteemed by a large l circle The Albion Assessed The Albion company whose properties proper-ties at Alta have been so much In evidence evi-dence during the season has called on its i shareholders for an assessment of 6 cents a share or 9000 the same to become delinquent on February 12th With tho roads In bad shape and the avenue to the smelters tied up for an indefinite I period since the recent storm tho management has been finable to reach the market with Its ores and as Improvements I have been made and a considerable force is employed It was decided to call on the shareholders for a contribution It is said that C cents a share will discharge all the present Indebtedness1 i enable the company to continue through the winter with development and the further extraction of ores TheManhattan to Work Manhattan of Tlntlc is lo be reorganized re-organized and offered another opportunity oppor-tunity to assert its merits This at all events was the legend that was Industriously i circulated during the day on pit and pavement and the talent t which has decided to give it a show is of a class that is by no means Indifferent The territory of the company which was quite actively exploited at ono time Is not distant I from 11at oC the Lower Mammoth and the theory upon which the new blood is i moving is that Manhattans chances arc i Just as good as were its neighbors before the latter shot into the ore body In the meantime the company has h called for an assessment of 110 oC a cent a share or 2000 and with that In i Its stocking life will be restored to the proposition In la Sal Mountains The Grand Valley Moab Times says the past year has seen the La Sal mining district advance from a prospect to producer of metals Each year for the past three years has advanced the district until the past season demonstrated beyond any quoslion its future greatness On a number of the best properties work Is going on steadily during the present winter The small stamp mill at Miners basin Is proving a success and Its success means other plant on a larger scale The La Sal mine at Paradox originally supposed to be a copper mine Is steadily shipping ore and Is undoubtedly one of the greatest silver mines In the world The coming season will sec the region take K high place among the metal producing districts Messrs McMahon and Wolf were down from Miners basin this week They report a rich strike In claims owned by M Fowler a ninefool vein averaging better than 170 in gold H H Jacobs of Cisco and C C Aid rich of Little Castle valley were Moab visitors this week Mr AldrIch Is preparing pre-paring to go ahead with development work on his mining claims on Fisher point The mill at Miners basin is Idle at present on account of the difficulty to get ore packed down from the mines Manager Thompson Is at the mill this week arranging for better service Mining Notes The Star Consolidated of Tlntlc came forward with another car of ore yes terday The May Day of Eureka came for ward with two morecars of ore yes terday I Yesterdays receipts at time Taylor lirunton aimilnl r > nnot n1 nf < cars of ore from Tin lie CapU Thomas Buzzo superintendent of the Alice mimic at Walkervillc Mont Is In the city again W G Ncbeker has gone to Tlntlc where he is conducting an examina tion of several properties for Salt Lake client Thomas Jennings has returned to ton after several days ut Tinllc much pleased with conditions at the Mammoth mine Col O P Posey accompanied by Director Bayly of the Blngham Conner and Gold Mining company left Los Angeles on Wednesday for ZIon Charles Borden came up from Marysvalo yesterday after doing assessment on a group of locations In which he has been lone Interested Maj Downey oc the Commercial National bank Is In receipt of a letter I announcing Ihe departure of Bert Iloldcn for Europe on Saturday last Manager C H Scheu of the Hono rjno leiLveS for thai Stockton proposi tion again this morning lilt Injured foot having been much improved Mr Scheti repnrtn a trifling lncreaft in the flow of water but the pumps arc equal to it Three cars of gold ore from the Carlsa of Tlntlc were marketed ycfller day Reports from themlno continue to show a steady Improvement In It Manager Gucnther of the Yankee Con has gone to that TIntic proposition proposi-tion to dlspatdh the upraise towarc the > ore body that extends from May Pay ground Manager Weir of the AJax has gone to time companys camp at Tlntlc In response to a letter from the superintendent superin-tendent that an Interesting change Is taking place I A letter from the Seven Devils country coun-try to John C Griffiths assures him that the moving of ores will be resumed re-sumed as soon as it Is possible to gal over the roads The announcement that the Gold RIdge mines In Oregon hud been sold came as a rather stunning revelation reve-lation to the owners in this city said Mr Jacob E Bambcrgcr yesterday They did however execute a lease and bond on the proposition Henry Moulton came down from Butte yesterday on his way to DC 1a Mar Nov where he has a number of interests among the prospects of that camp The assessment work on them completed he will return to Eureka where he was employed on the mines many years ago Lessees on the property of the Mammoth Mining company at Tlntlc yesterday marketed a car of ore on controls showing as much as 132 percent per-cent copper In addition to small values In silver and gold The lot sold for 229941 and will be followed by another before the close of the month A telegram received yesterday by Mr G S Holmes of the Knutsford hotel announces the coming of p K Wellcr managing director of the Blngham Copper and Gold Mining company on Monday next the gentleman gentle-man promising to remain In this locality lo-cality about thirty days and to participate par-ticipate In the blowlngln of the new smeller |