Show ONTARIOS DIVIDEND Will Pay 45000 to Stockholders Stock-holders December 20th THE REVIEWS OF THE WEEK Ovo and Bullion Settlements Smaller Than tho Week Beforo Thc Stock Market Hns Shown Continued Shrinkage Highland Boy Furnaco Handling Great Tonnage Enlargement Enlarge-ment of Bingham Con Furnaces Assays of the Thunder Mountain Samples Not Startling in Richness From the general ofllces of the company com-pany In New York came the cheerful i announcement yesterday that Treasurer HaffKln of the old Ontario had ordered 1 a distribution of 30 cents a share or 515000 this sum to be passed around on December 20th the transfer books to close on December 7t11Thel ppsting > of the dividend at so early a day In view of a recent decision to confine them to quarterly distributions appealed ap-pealed to many as a surprise and Whlo doubts were expressed as to the report It may ho accepted as authentic With the passing around of this piece of I money the total for 1001 will have Increased In-creased to 90000 with the grand total during the career of the bonanza swelled to 514722500 and yet It continues con-tinues an output of ore which compares j not unfavorably with the tonnage of palmiest days Of the physical condition condi-tion of the Ontario 11 can Indeed he L saId that His superior to hit of any I previous period In many years Ore and Bullion Sottlemonts lI 0 The week In the ore and bullion market I mar-ket closed with settlements amounting to53S3lCO as compared with 5521200 for the previous one In addition lo this the management of the Highland Boy forwarded 1SOOOO pounds of copper gold and silverbearing bullion of the value of 54000 while there was turned out of the furnaces of the Bingham Consolidated Consoli-dated smelter 250 tons of copper gold and silverbearing matte of the value of 50000i The days sellemenls In the V open market were reduced to 43400 divided as follows V T H Jones Co Gcrnmnla bullion 11500 gold silver lead and copper ores 22500 1 ilcCornlck CoGold silver lead and connftr ores S9400 Inthe miilal market silver ruled all 66 cents an ounce lead at 5340 per 103 pounds In the open market and 390 under contract and casting copper at I i 15i cents pound V A Great Furnaco Record The furnaces at the Highland Boy V smelter have recovered entirely from recent derangements at the mines In I Bingham and on Friday there was put through them no less than 517 ton of ore while the week closed with the V forwarding of three cars of pig copper carrying gold and sliver Eobesoix T i White superintendent of the plant who S was In town during the afternoon says that everything about It Is behaving perfectly with the mines giving equally V good account of themselves under the V direction of Superintendent banning I Of the ultimate throwing open of the companys furnaces to the public and their dedication to custom smelting Superintendent While says there is plenty oCtlmelri which to consider such a departure and again such a departure de-parture would simply encroach upon the full time now devoted to the handling han-dling of the companys own ores He is not In favor of Such a policy at this tme although President Broughton I will be on the ground next month Enlarging Bingham Con Furnaces Joe Dedenchs came up from the furnaces fur-naces of the Bingham Consolidated Mining company at Bingham Junclfon during the afternoon and reports the campaign of enlargement now so well in lie hands of Superintendent Nutting V tifal no delays can possibly occur save fiKhc East from which the structural mat rlal and machinery for the mammoth mam-moth converter are being obtained V Work has now begun on the fourth furnace I V fur-nace while with three In operation there was produced during the week as much as 500000 pounds oC copper gold silverbearing matte that Is be ing forwarded for conversion into bul V lion as directed by the United Metals V Selling company of New York with which the smelter has contracted for the sale of Itg product In the meantime the bins arc loaded V with enormous quantities of ore and the spectacle at the plant says Mr K I Dcderlchs Is one of the busiest In the I valley i Thunder Mountain Assays Yesterdays returns from the lot of samples brought down from Thunder mountain Idaho by Prof Edmond H Mead and placed In the assayers furnace fur-nace were fully V up to expectations and while some of the ore showed valuation of 90 gold per ton the average V aver-age settled down to C As a free mill Ing proposition with exhaustless V stock of ore on top as well as underground under-ground Prof Mead says the result oC his t examination stamps It as one of the biggest the world has evei developed The earnings must simply be Increased by the number of stamps that are employed em-ployed on the ore and that these will be ultimately Increased to several hun dred he has no doubt In taking his samples at the mountain it shoUld be mentioned tljat Prof Mead avoided the streaks In which the very high grade 01 smelting ores occur and that his average was obtained from fortyone wimples He will repeat hid visit to the camp at an early day 1 Chainman Changes V Messrs Otis Chamberlain and Dun hem of the Chainman companys properties prop-erties at Ploche Nev camo in from the East yesterday on their way to camp where they will make exhaustive examination changes that have been developed and of the progress pro-gress which hutt been made In the erection erec-tion of the mill and other equipments I that promise to moke the proposition avery t a-very pioducllvo ono It Is the desire or1 V tho travelers however to vjtjlt I the great Silver King Including the mU at Park City before continuing their journey Jour-ney and to that end will probably leave t for the camp of bonanzas tomorrow Tho gentlemen are among the wealthiest wealthi-est who have sought the West for profitable investment and mining circles t cir-cles generally hope to sec thorn achlcvu big results In Nevada V V The Ely Mooting At the adjourned meeting of qharo holders of the Ely Gold Mining company com-pany which took place on Friday nigh William M Bradley WHS made presi dent O j Salisbury vliepresldent W P Lynn treasurer and W 13 V Sprose secretary these ofilrlalo with the exception of the secretary toacrve with L LI Farnsworth and J V C Thompson directors for the ensuing your c A report from L C Doty superin V tendent of thy property presents Its physical condition al present in tho p most favorably light and it was ac cordingly decided by the dlrecjqrn to tar1Iip the mill 1 as Dearly an BprJnsr ff J r weather will permit A report was also received from James Atkins superintendent superin-tendent of tho mill who reports It in perfect condltlon and ready tp proceed with Its work as soon as required The company is very much pleased with the outlook at tho property and expects to be handing out breadmoney next season sea-son WEEKLY STOCK REVIEWV Continuance of the Bear Raid Has Sagged Prices More The week on the mining exchange closed with the transfer of 519251 shares of stock for which 533801195 was checked out and with tho traders without with-out exception laid up for repairs Under Un-der the vicious m raids of the bear all went down There was resistance but It was In spots and Impotent The big ones went with the little DalyWest that was In good demand at 532 on I Monday sank slowly until the llnlsh I was reached and the weight over 700 on which the cash was wanted bore it down to Sa loss of 4 a share or I a shrinkage of 5COOOOO in tho market J value the bonanza Caused by trouble trou-ble with the equipment volunteered an oracle Nothing of the kind It is all V duo to the unsettled condition of the metal market and yet to dispute this was the appalling decline of Con Mcr cur productive of naught but gold and an ofterJng at 5175 at the close Equally as horrifying1 was the header taken by California although the cause In this Instance was aggravated by a story that a minority Interest bad set out to jiiako trouble by provoking a lawsuit It had sold up to 97 cents on Monday It was carted out lifeless at Cl cents yesterday Carisa which markets gold and copper and sliver no lead shared a similar fate and tumbled from 116 at the opening to 102 although it breatlicd Just a little easier at the close while May Day after taking all sorts of punishment finally succumbed and was freely wrapped to orders around 5103 However the talent which has stuck to It is assured that the mill Is going to enable It to profitably han lethe le-the gieat volume of lowgrade ore In the mine Mammoth retrograded until the best to be had for It at the close was 5101 while Lower Mammoth was cut loose down to 215 with Swansea an offering ut 5175 when the curfew rang Uncle Sam which continues Its I I regular dividend of 3 cents a month in the face of assailants was marked down dally and from 51 which was paid at the opening1 of the week sold at SC cents yesterday while Ajax appeared ap-peared reasonably Well contented with its position around 77 cents and Ben Butler with Us place around 16 Te sora which Is shipping regularly Its crude Ore and concentrates was hammered ham-mered out of all recognition and sold down lo 32 at the close notwithstanding notwith-standing the boasted allegiance of the millionaires by which it is surrounded while Victor In the Absence of anything any-thing that resembled ore on the market mar-ket was held firmly around 56 ½ and West Morning Glory around 7 cents at the finish The call for another assessment assess-ment of a cent or 7000 by Joe Bowers Bow-ers sent It to the stable without a quotation quo-tation yesterday while Tetro which t sold up the previous day to 42 was marked baclc to 3SA with Little Chief brjnglng SUfc The remainder were generally neglected while the last call Mulshed with the sale of 11970 shares of stock for 50S93 and on the following follow-ing market Bid Asked AJuc 5 77 77 1 Albion V 58 Boss Tweed 60 70 Black Jack lf > 7Vj Burton 17W 18vi Ben Butler 15 l ICTfc CnrlbiL 103 10314 Century < 200 California ClVj Cli l Creole i 22 Con Mcrcur 155 175 Daly 2S5 DalyWeil 27CO 2S21 Dalton Jark J 02 Dalton 01 Doxtcr 25 Diamond 20 I Emerald n 12 n Eagle Blue Bell 101 lOTVa Galena V CO 30 Grand Central 3IO 375 Golden Eagle 02Vi 01 Horn Silver lCO Ingot 01 Llttlo Chief 20 zJh Lower Mammoth 205 225 La Relnc 20 Mammoth 101 Manhattan Olo 0191C May Day 103Ji 101 Martha Washington 0214 02 = 1 Northern Light OI A OSte Ontario 9W 1050 Potro 05 V 09 RichmondAnaconda V 10 3 Sunshine 1214 11h Swansea 175 South Swansea CO = AO i Sunbeam 41 > 50 Sacramento 15 17r Sliver King 7800 Star Consolidated V 3IK 37itf Silver Shield 03 OO7 Tclro S3W KA Tesora J 121h 33 Utah 10 CO ViUco JO West Morning Glory 07 07j Yankee 350 3S5 Victor 50 57 White Rock 35 THE DAYS SALES V Ajax 1300 at 77c 1400 at TiVic 100 at 771c 100 at 77C c CnrlBa bOO at 101 300 at 5101 600 at 10i3V 1900 at 103 1000 at SI Mft i 200 at SlOafe 1SOO at J103 2500 at 102 ½ 2100 at 102 500 at U2 seller live days I 100 at 5102 SCO al 5103 teller llvo days DalyWest 100 al 523 100 al 2375 5 at S2SSO uellcr live days 2CO at J2SCO 50 at T28SO 125 at S2325 15 ut J2S27V 100 at J2S May Day 200 at JlOS 500 utSLOl 2300 at S103 100 ul L03k ICO at 5103 7CO at S1C1 100 nl Sl011A 2CO at 410114 1 seller live days I 200 at 5101 seller live day V Tcsora 1000 > at 34c 500 at CMc 500 at 3Itfc BOO at 31c 100 at S3c 1000 at 33c mat m-at 32c V Unclo Sam 100 at SCc 100 at S7c COO at SC cr 100 al W cWO al S5ic Jfcn Butler 2ttO at IGVfce LOO at 16c California COO at 63c 000 at G2c 2300 at Gltfe 400 at He 400 ut G2c 2CO al COc 200 at 62 Jq ICO at Ga 200 al Cl lc Little Chief 1QI at 21c rjinhutlnn COOO at IVa iMurtha Washington 500 at 3c VV V Tctix 100 ut We COO at SSlic Victor 100 at 17cCOO at SCylc Shares sold 44970 ScJIIus value W > iS3 V V OPEN BOARD Carisa 50 at SI 100 at L03 V California IOU ul 02c V Emerald 1000 al lie Victor COO at Sic ON THE STREET With the shadow oC an Informer at every turn the talent permitted the afternoon af-ternoon on the curbstone to pass with practically no curbing however great the temptation wJien a strike was re porled at the Ajax and the announce inuni was made that Ontario hud hung out a dividend of 30 cent a shuie Perhaps Per-haps some swapping was done Mill Ihe loiters on which It was booked were i scaled and not a curbing was reported Tho weak on uurlJstone and exchange I I I closed with the sale of fi51COi shares of Htock for which 536487683 was paid I Copper Market Quiet i ITIILBIINK SPECIAL Boston Mass Nov 16Ihc trading in thii copper share market was not voluminous and price changes were In the main unimportant Stocka made but a faint rcbnons6 to the announcement announce-ment of the Joint sale of 50000000 pounds of copper yesterday al lfi ry I cents MArket closed steady Horn blowftr Wetiks brokers 53 Stale I street BostOlI and JO Wall street New I York furnish the following quotations I V V Sales lllxh Low Close Amalgamated 2ICQ SS37 i S37G2V6 S7C2V 1 jUiiffhani ito J7S Cochltl 400 360 DalyWcst 240 3000 2800 2800 1 Utah 160 23DO 2300 23M United States 110 is7r Morcur 1 > 75 Mohawk 105 12CO V Curb Boelon 53XA3XGO Navaho C0c V 3100 V t V to > V Important Ajax v V YcBlerdaya 3 advices from Mammoth IndleaKi an important change on the iQCOfopt level fr of the Ajax running V V V of south where it la said ore has made its appearance In bunches The chute is thought to be none other than one that was encountered on the 700foot level and that was followed to a depth of seventy feet in a winze It was to tap this on Us dip that the drift south was started and Important disclosures are expected as soon as work at the property which suspends on Saturday night Is resumed In the ore which has already made its appearance copper Is said to rule although it Is accompanied by the usual values In silver and gold Ynn1cc3 Gons Ucw Ore Body After fortyeight hours among the ore bodies of th6 Yankee Consolidated of Tin tic President Franklin returned to the general offices of the company yes terday In time to draw dbwn a check for 3000 this the proceeds of three oars of ore that had reached the mar ket during the day While tile dropping of a dollar into the companys stocking Is always agreeable It was not more so than the announcement that the main tunnel on the Yankee had opened Into H new and entirely independent fissure no less than twelve feet between walls and running northeast and south with quartz and irons spar and what Is now commonly known as the good lime as a filling The level upon which this I development was made 18 l just 100 feet below that In which the Jewel Box and I I kindred ore bodies was opened find at i 1 a depth of over COO feet from the surface sur-face To reach the ore body tho management I man-agement la now hastening to the point at which the new fissure will Intersect the east and west ledge and If another I chute is not opened up at that point It will be the exception to longstand ing rule With ore here sloping should follow to the grass roots In the mean time raising with the bIg chute of ore above Ihe Jewel Box has begun with the upraise penetrating a solid wall of galena While the trlplecomparlment chute connecting the ore bodies with I the main tunnel has been completed I active sloping has not begun nor will It until tho rubbish has been brushed aside and the waste disposed of Accordingly Ac-cordingly the present output Is com ing from development work only James X Ferguson Returns James X Ferguson manager of the Miners Supply store at Robinson and actively Interested Jn not a few of the mines 01 TInllc came In from the East after an absence of two months yes terdaj fully restored to health and will lcav for camp again tomorrow During his trip which Included a visit to near ly l all of the larger cilies and on which he was accompanied hy his wife Mr Ferguson says he met a large number who have invested In Park City and Tlntic with not a few who have gone Into Beaver county propositions andV not one but was satisfied with the in vestment Not a few of them ale re ceiving dividend checks each month while others are congratulating them selves that others are coming forward with development work and It was a pleasure to discuss mining as an in vestment with them The fortunate in vestments of Mr KImberly of Sharon Pa and the sensational achievements at the Annie Laurie have earned for Utah a powerful following in many of the towns of Pennsylvania and even moro liberal Investment Is promised from that source in the future American Fork Assays L C Hlckok secretary of the American Fork Mining company whose properties located in Ameri can Fork canyon yesterday obtained an assay on samples sent in by the superintendent that showed 428 per cent lead IlS ounces silver and F gold per ton The rock was taken from the breast of the tunnel which has been driven into the group a dis tance of 100 feel and on which five men are now driving The company Is very much pleased with results and expects to reach the main ore body in short time Mammoths Big Mill Operations at tho Mammoth Mining companys big mill at Robinson will be resumed In a few days said Presi I dent Samuel Mclntyre as he flagged the train for the south last night and continued as in the past To supply it ho has a large volume of milling ore now blocked out and to this is adding steadily as the territory about the 800foot level which was overcome by a caveIn last season Is I reopened and the timbers caught up This said he is a sluggish Job however nnd some time will be required on the work In the meantime a good body of ore with gold predominating is being opened up on the 1900ifoot level and conditions condi-tions underground are quite satisfactory satisfac-tory Concerning the arrangement with the Star Con for the milling of the Jailers ore Manager Mcintyre says that to undertake It will require a new crusher at the plant as at present the Mammoths ores are crushed at the mine ajul forwarded to the bins at the mill However he Is willing to add the new crusher If the lonnago at the Star justifies it Good on Gold Mountain James Long JI ono of the first lo detect the merits of Gold mountain and to have since persevered In the opening up of the ledges on the BreckenrJdge Mommoth came up from camp again on Friday night to order supplies for V the winter campaign cam-paign He reports thY camp growing with unprecedented strides at present and plenty of assurance that the output out-put will be doubled > > next year The splendid performances at the Annie Laurie and the presence of ore in practically every opening on the great goldbearing one by which the moun laln is underlaid affords all the cvI dence that the Investor can reasonably exact concerning the merits of thc region and with < dividends coming from the Laurie Interest in It should bejgreaily stimulated Mr Long will remain In the city several l days Representation Unnecessary Thc pror1ucclS of thly State will not Io represented at the cbiifercnce of lead men and smelter folks to take place In New York city on Fildaj next the comnlttee which has local interests In hand having decided after correspondence that ft was unrieces nary to have a personal representative at a meeting which altogether pre liminary andnt which the floor will be monopolized by tho producers of the Coeur dAlenea ar Missouri In the meantime a lelegram has been dhs I patched the vmelter crowd In which It is assured that the pioducers of Utah are in accord with the move to main 1 I Lain the prlqe pf I lead and lhal they will be fully represented the regular conference In December The fact that the conference this week Is on the or V der of the preliminary will however render the nbws from It norto the less interesting V V V V V Dixies Qnsoline Hoist The contract for the new gasoline I holster with which the Dixie mines at St George nreto be equipped has been awarded 1 to Curtis P Mason resident manager of the big house of Fair banks Morse Co The machine which was decided on by Superintend ont Grant Snyder will enable the com pany to open up tho terrItory to a depth of 1500 fact and to Lhls end the dropping down of the shaft will begin at once In the meantime arrangements arc being pcrXobled for the erection of H larger smelter and V to enable the company to handle the lowgrade ores on which so many have reported a mill will very llkoly be added to other equipment For all of the improvements improve-ments the Utah astern Copper company has the rrjcans In ito stock Ing while the present qmelter Is af fording a nice proflL cach month Spiro Sues the California Judge W I Snyder prcHldent of the California Mining company was last evening cerved with a copy of the com Thin in I thp suit which Solon Splrojs A about to commence In the District court at Coalvlllc The plaintiff alleges that he Is the owner subject lo the paramount title ot the united States and entitled to possession of an undivided onethlr tleth 50 feet Interest In the Independence Independ-ence and California unpalenicd loca llons In Thayncs canyon The claims l In quecllon are a part of the group owned by the California company I Spiro In his complaint alleges that he dod s not know upon whnt ground the company bases Its adverse claim to his Interest and he asks the court to quiet title to the properly Pierce Critch low Barrette are his attorneys Judge Snyder did not appear al all depressed by the tenor of the com plaint He said I am glad that they at last have found nerve to bring the suit They have been using It all From iner as a club to obtain stock or money We will now wash It out at the first l opportunity and show Mr Spiro that his claims amount to nothing I shall answer the complaint soon as It IB lllcd and will ask the court for a hearing hear-ing noxl month Discussing the merits of the case Judge Snyder said The vein in I the California group according to present i I developments starts midway oil the I J While Hawk claim and runs out of Its f southwest end line Into the Ace of Diamonds traction If It continues In Its present course It will run Into the Keellcy group fifty feet ahead Indl cullons are that It will pasj over apart a-part of the Independence later but thly Is problematical There Is not a pound of ore In the California claim j I propel fio Mr Spiro would gain nothing noth-ing If he won his suit V In his lifetime Chris Christensen owned fifty feet In the California Independence claims Solon Spiro was appointed administrator of his estate Ho sold the Intercut at administrators sale for 10 to his cousin Martin Joseph and the same day or the next Joseph I deeded It back to him the law forbidding forbid-ding him as administrator to be the I purchaser at his own sale This was I In 1SDG He never put up for the assessment as-sessment work of that year or of 1897 and In the beginning of 1808 Korcamp I advertised It for the assessment work by notice directed to Martin Joseph your heirs or assigns Splro knew I about It and talked about It We have witnesses who heard him say that the claim was no good andt ho would not pay for the assessment work but that Jo unimportant There are two Su prcme court decisions which say that the notice Is sultlclent compliance with the law and It makes no difference whether he saw the notice or not Judge Snyder said that Superintendent Superintend-ent Gltsch telephoned that the mine was never as good as It was last night The vein Is sllll widening out but he V Is only carrying part of it put tint In two sets along the hanging wall In I the lower tunnel the ore ID coming In In bunches and a full breast Is expected expect-ed any day Mining Note The lesscca of tho Carisa came forward with another lot of hluhgradc ore yesterday yes-terday Dr Keogh of tho Trephine Mining company com-pany left for Its property last night to Increase the force The management of LIla Ben Butler marketed two moro carloads of hlch grade concentrates yesterday The Undo Sam of Tlntic marketed three more carloads of ore yesterday from which over 30CO was derived Coal Mine inspector Thomas said yes ter < lay that tho fPlonsanl Valley corn panys mines are now producing 15100 tons of coul a day President John Darn of the Uncle Sam has gone to Baker City Or to make an examination of mining property lo which his attention was recently Invited Thq Grand Central Is forwarding an excellent quality df ore at present with the gold values predomInating although It runs well up in silver and copper Manager IIuUlolcl of tho Albion of Alto received a report corn the superintendent superintend-ent last night which shows that the new tunnel has now been drlveu a dlataiico of 16G feet William Robbing plld is serving the Western Exploration company as aasay or at the Bataklalu STouP In Shasta coun ty Cal Is In tho city having been summoned sum-moned by tho IIIncus of his wife Manager Milan Packard of the Slat Con of Tlntic came In from camp again yesterday and reports conditions at tho mine very satisfactory with another consignment con-signment of ore on tho way to market A track 500 feet In length Is being laid at the East Ontario where n most in teresting change Is now tnkln plata In tho main tunnel Judge Somnior to leave this week to measure Up the develop ments The directors at the Joe Bowers Mining > MI-ning company have called for an assessment assess-ment of a cent a share or 7600 tho same to be applied to tho further sinking of the new shaft and the development of the big vein The assessment Is made delinquent December 17th Tho campaign at thin St LouisOntario Mining companys Park City property Is i progressing with sit I men who are engaged en-gaged In nlnklng the Incline which will opon up tho vein lo a depth of 500 eel Judge Sommcr managing dlrcqtor of tho company has been directed by the officials offi-cials of the company In St Louis to out on another shift at once The Elmorc Gold Mining and Milling company ownlnp tho Elmorc and Think Horse mining claims In Elmorc cbuntv Ida filed articles of Incorporation tho office of the County Clerk yesterday Tho capital slock Is G cents a share ut par and there are 200000 shares fflcors > and drlcetors President H A Smith vicepresident Fred Slauffyr secretary A W Gallachcr other dlrectora A L Morris and William McKinley |