Show 1 BES ASSAIL VALE i Circulated That Valet I Rumors Men Repudiate I STOCK KNOCKED f DOWN LOW 4 Good Deal of It was Sold on agFa11 Silver Divldent ing MarketHorn OTortlicomlns in July Said to be Hauager rarnsWtb Tells of thi OroBlocked Ou t Large Bodies of Hooting but No Div Grand Central MarketMln Stock icleudLlgbt L ing Notes almost the solf VuKo nin wits r The In mining circles conversation of topic counterru and rumors and jsterday around In alldirec llylnp JIIOIT tvo month nioutli to and hamfed from tions difficult thing to deter until It was 8 had happened at the exactlywhat jnlne huppencd had if anything I property or i at all morning a report Early yesterday that from Park City to the effect caine abour to be shut down Valeo wns the The rumor wns that the upper work be closed for to mine were j ings of the Further than this that Jack of ore reached the vein had the lower tunnel It and that run had been for which it be barren of values and was found to It was a question of consequence as a levying an shutting down the mine or assessment whether false or true This minor stock which the Its effect upon hod the pounded both on was unmercifully be the curb until It J exchange and on of a panic aji to bftar the appearance gait Iii order to get at the root of the mat started on reporter The Tribune I Ino ter investigation and gained facLa enough to satisfy any reasonable per In the sltua lson that there Is nothing I lSOfl tlon to justify the attack which has further than been mado upon the mine has been true for a long Mme past I It Is learned from the very best au I vlhorlty that there Is not the slightest 1 Intention on the part of the manage J cnieTit to close down the mine and that have indications are as good as they been for some time past VicePresident I Bransford snyi that Instead of the upper up-per workings of the mine being closed on account of lack of ore or the lessen ing In values this level has ore enough of a fine quality to last the mine for j J over TWO years and that at any time should It be deemed advisable tile output out-put could be increased This statement was borne out by others who should lie ablo to know the state of the mine TJio whole thing in a nutshell is l that the new tunnel has not struck the vein here It was thought It should be but The tunnel Is not yet In under the wing I ol the upper workings and the ore may li further on On the other hand a body of ore which carries good values was struck in the lower tunnel which is being do I voloued at the same time that the work on the breast of the tunnel Is In progress pro-gress and it Is stated several men liave been transferred from the upper workings to this work which doubtless gave rise to the rumor of a shutdown All the oFficers of the company that could bo reached declare that there Js 3iot the slightest intention on their part of closing the mine or levying an assessment as-sessment upon the stock The Horn Silver It Is i said that the Horn Silver mine will pay another dividend probably oil 520000 about July 1st Development work has been going on for the past year and a half and the ore resources jf tho mine havo been very largely added to Tilt local manager Mr P JT Farnsworth says that large bodies 1 of ore have been blocked out and unless un-less lead drops below Its present figure a quarterly dividend will be forthcoming forthcom-ing and will bo continued for some time to come There are also large bodies of copper oe In the mine but work has been done mostly with tho vSfcW of developing the lead upon which tho mine depends j The GrandCentral Meeting Provo June SThe regular monthly board meeting of the Grand Central kilning company was held here today Only regular routine business connected 1 ltli the oDcnitlon of the mine was transacted The board posted no dividend divi-dend and had no Information to give on that subject President Cannon and Mr Hatficld of Salt Lake were In attendance at-tendance Humboldt Copper 3Iinc J Word has reached Salt Lake from kelson copper mine In the Jackson Mountain mining district fifty miles from Humboldtf Nev Work on this property Is being pushed and already a large amount of ore Is being blocked out Two tunnels have been run Into the mine The upper tunnel struck a large body of highgrade copper ore from which the company has boon ship ping for some time The second and lower tunnel la being driven to tap the vein about 130 feet from the surface and Is being pushed forward with a will Tho management thinks that it will have a largo and steady producer Dont Like New Mexico Messrs E HDewey and John Scans of Nqmpa Ida who stopped over at Salt Lake some weeks ago on their way TO tho Sierra miulntr district In New tvwi im Mexico have returned to the city on their way home Both gentlemen are somewhat disappointed with the coun try which they characterise as a dis trict of prospects without one mine that iFi at all developed The work has been done on tho surface only but there is not P shaft In all the camps surround ing Falrvlew that Is down over forty five feet Considerable good ore has been taken out of tho country and the etirface showings are fine but there Is a great lack of systematic mining and as yet the district is an unsolved prob ti lem lemMr Mr Scans why Is an old miner is somewhat Interested In Sierra and Is the half county owner of an Iron mine which bears some resemblance to the filial deposits around Cedar Ii No City Utah development work has been I this done ou property for some time Both i tlemen say they will gen confine their t mi rung operations to Idaho I I the future and Utah in IH LIGHT TRADING RULES Most of the Business Done on the Exchange Ex-change was in Valeo Light days arc becoming the rule on the slock exchange The business volume or yesterda only W1BBQ the most ot thlcji amounted to lined to Valco Tlu was con onslatlht on thia stock va terrific amid 1 5plt of determination tile or somn of th to hold It up It was broke 3 Colits pounded dowzi tc a sale belm CtCCCLCd cents Befoie at the 1 stock closed uaU on Ulu had be lealt I1earJy in Q Slmarn y lowering Pi Iei Daly dokit In at and Mztmmmiotii out mno siiro at about ha1ded 2J > Ji Light qiiit a oJtilt 1 tlonaiy flgurj uld Star howed 5li or still fuluier and was sold at 20 eeacs Joe Bowels Extension Martha Washington ano Tetro were thu other oilers at about the old llgureK On the I whole how the stocks wore weaker but for over Grand UulllonIieck nucli stocks as Central and Mammoth fin upward tendency ten-dency wan the rule The clotting quotations quota-tions were about as follows Rid Asked Wfc l 5 50 Alnx lW Albion > 6 Allco 3J Anchor 23 Bird 01 Hluo 20 l Hos Boston Tweed De La Mar OOVS OOVi BullionBeck 100 IG1 i Bunker Hill OOV Bon Butler OOV5 C Centcjmjnl Eureka 2300 20l i2 Mammoth Cent nil Chloride Point Ojj ir Cumc1r I g W fOi ME Jiiy iiilt QLI4 lIOH P1Il VYt l i7l VeLet o4 a 1ag1e 1CmLiC Jltie Bell linicrald Ol Or C 0 Four jCflS GLLiru cs 2 GevserMarion 03 l Golden Eagle OOV Grand Central fiGl 570 Horn Silver 11SV 1271s 02 03 Ingtt Jtilcrnatlonul 05 Joe Bowers X Jrt Jot Bowers Kx 01 flli Kremlin t OOi 01 Ilttlo PlLlnburg Lower Mammoth GO 58 Little Chlf i2H W I Mammoth 22P ½ 2 Mnrtha Vnshlnglon Ol OPY t Muy tay 101 JOi Mercur CS GOU Midnight Bowers 01 Monarch O0i Morning Glory OHs Northern Light OSTi 00 Vi Novnda OJ J i Ontiirlo CoO SCO Folio JO J3 Rnbblis Foot < 05 Sacramento 2373 23i Sncranuiito Con 02 Showers Con 12 Silver King 47W 52J1 South Swansea 115 11G Star Consolidated 2S 31 Sunbeam W OSVi Superior 0 Swansea aSJV 403 0 Tetro i 0Ws 3 Tesora Vtah 5S 70 33 155 Vulco West Mt Phiccr 0 Yankee Con OD lOVi Sales were as follows Daly 100 at SlMK Four Aces 1COO in o1 cents OpysrMarlon 500 nt a l cents Mammoth xmi at 221 100 at J221 A Northern Light 100 at S2 cents 20 0 at STj eents SXO at Z 3 emit Slur Consolidated 100 at K cents Joo Bowers Extension S0t ai iyt 1 cents Mnrtha Viishlnpton < 1COO at 1V = cents Tetro 1WO at 4 tt nents Valco 100 at r conts CC > at ilii centc W at 10 cents 100 at 12 cents 1C0 at 11 cents COO at lO i cents JOO at lOVa cents IW at 3 4 cents 2f > nt D 0 cents 100 at SSh eilt5 Sales IS0 shares for 31I650 A LIGHT CURB The curb yesterday afternoon was very quiet and only a few stocks changed hands Valeo was dealt In to a small extent but sellers were wary of accepting the money offered Emerald Emer-ald and Congor were the only dealers reported The following are the sales as far as heard from Valco 1000 at ilsurcs between S3 and OS s ceilti Emerald 100 at 5 cents Congor i > 00 at 21 centS Deeds to Mining Property Provo June SA deed has been filed for record from John Bcstlemcyer and Catherina Bostlemeyer to George Schcllman conveying the following mining property all situated In Tintlc mining district Onethird Interest in the Great Griltll and In the Grlltll No 2 onesixth Interest In fraction of Grlltll No 3 onehalf interest In Griitli No 4 threeeighths interest In Grlltli No 3 onefourth interest In the Grover and onefourth interest in the Carbonate Car-bonate Queen Ore and Bullion Settlements Ore and bullion tiansacllons yesterday yester-day amounted to 513750 divided as follous I T R Jones CoOres SISoCO bullion bul-lion 516700 McCorniclt it CoOrCs 9100 Mingo bullion 3700 cyanides 19oO From Neighboring States Elmore Ida Bulletin1 George A McCornlck returned yesterday to his Lime creek mines where he Ss doing extensive development work The Alice group on Roddy gulch Coeur dAleney has been bonded by Finch Campbell of Spokane for about 300000 Two Important strikes on this property were made early this > ear Cheyenne Leader The Grand Encampment En-campment smelter is materializing The contract has been let work will be commenced In ten clays and the plant Is to be completed by December 31stThe The Emily Edith group near here is about to be taken over by an English company at a purchase price of J750GO The nominal capital of the net company com-pany has been placed at 375000 says the Sllvertonlan Wash Virginia Nov Chronicle Allen Kin kcaci foreman 6f the Gould Curry and Best Belcher and son ol the popular superintendent of those mines received a cable dispatch from London England today signed by Fred Hell mann requesting him to report th ° ro at the earliest date practicable to accept ac-cept a position In the mines at Johannesburg Johan-nesburg South Africa of which Mr Hellmann is manager The salary is 5COOO a year Mr KInkead accepts Mining Notes It is stated that the Northern Light mill will be started In a few days Frank Hunt reached the city yesterday yester-day from the Cariboo country Ida Eleven carloads of Centennial Eureka Eure-ka l ore were marketed here yesterday The Columbia of Lion hill will have a shipment of ore on the market shortly short-ly The Ophlr HIM mine of Stockton had eight cars of ore oh the market yesterday yester-day dayA strike has been reported In the Silver Hill mine near the Rabbits Foot Newt Dunyon the manager of the i Turner mine at Blngham was In the city yesterday < An air compressor and drills have been ordered for the Carbonate Gem mine In Morgan county The Taylor Brunton sampler reported re-ported today eight carloads of Stockton Stock-ton ores and eleven from Tintlc N S Johnson and L V Bean of i Slux Falls S D are in the city and will go out lo Stockton to Inspect tin I Stockton gold mine In which they are Interested Another carload of Lower Mammoth ore was brought In today The management man-agement Is i conlldcnt that this shipment ship-ment will come up to the expectations of the company The delinquent sale of the Rabbits Foot Milling companys stock has been postponed for thirty days The date of delinquency has also been extended to the 15th of this month At the delinquent stock sale of the Joe Bowers Extension Mining company 31000 shares were disposed of The sale took place yesterday and all but 900 shares which were composed of frac tional certlllcaleH were disposed of to outside parties The price brought at the sale Just about covered the assessment assess-ment and coal of advertising and other TKceusary expenses Mr Saul Kunel one of Utah oldest mining men reached iome yesterday afternoon from Humboldt county Nov Mr Kunel has a number of properties In Humboldt county which he was In tjpecllntf He brings a i very eueourag lug report from the district and says Unit nil the mines are working and that cnnsldoniblo tlm ore Is being in kqu out Eastern ipitol IK being brought into that part of the country and t fcrcat deal of systematic clcvol or itint work ir b ° mp dona |