Show I ORZABL COPPEfl Assays Show Good Percent I age in Its Ore Samples GRAND GULCH DEVELOPMENT Iu1E I Letters Show a Find of Extremely High Grade Copper Ore Better Showing Reported in the Northern Light Humors About Valeo Simple Sim-ple of the Bare Metal Wolframite Encouraging from tim Four Aces Alaskas Annual Meeting Tho Advance Ad-vance in Silver The Stock Market Assays Just made on samples from In Millard the Orizaba group of mines lard county and about ton miles southeast south-east of Black Roclc yesterday shoved the presence of OS per cent copper in J addition to small values In sold and I silver no assays having haen required on samples of cube galena that tell their own story Dr F E Bosiwick I who has just arrived from the camp says he has tapped the vein which runs through the entire group a distance of 16000 feet In several places nml that in I every opening1 he has demonstrated I the presence of ore In considerable I quantities At a djspth of 100 feet on lone of the claims and at a point In the I center of the group he has opened up la twelvefoot vein between lime and porphyry and in this several feet of loro running nicely In lend with good gold values Another demonstration with which Dr Bostwlck is i very much gratified is in an open cut thirty feet I in length four feet wide and four feet deep along the strike of the vein This Jis I all in ore of good grade and the shipment of a small amount for trial I purposes will be made in a shore time lit is the Intention of the management I to begin the sinking of a permanent shaft in a short time and to follou It I up with some very extensive work the present season Important from Grand Gulch Letters received In the city yesterday i yester-day from Ike Jennings manager of the I Grand Gulch companys property bellow I be-llow the Utah line In Arizona bring I the story of the most important dc velopment in the history of that prop I losllion Writing under date of April 1 27th Manager Jennings says thaiIn the east drift oft the USfoot level he la few days before broke into a bunch of ore showing1 as much as CO per cent I in copper and following It up has now I exposed eight feet or ore across the face of the drift Upon this ho Is now raising and sinking and the situation is becoming most interesting High grade ore has also been encountered in the drift running south on the same I level and conditions are Improving with I every blast Another consignment of ore has just been forwarded from Mo Idem where connection Is made with I I the railway while loading for another I will follow at once Local owners In the properly are very much elated over i the news and expect to see the output greatly Increased during the next six i ty days I Better from Northern Light I A telephone message from Bupt I Jones of the Northern Light on Lion I Ihill presents that prqposition In a I I more cheerful aspect than at any pe I nod In many months According to the i Ifeupcrlntendents statement he has I more ore milling and marketable ex I posed at the present lime than at anytime I any-time since he went to the property Today he will have completed the loading load-ing of a ear of ore at Morcur that Jpromlses au average of 300 ounces sll Iver per ton and will he says follow it lup with another in a short time In the meantime he has uncovered a large mount of milling ore of improved Inuality and is ready to start up the Imill He has ordered a supply of oy ankle of potassium upon the ground land feels that with present weather I the pipes will have thawed out sunl Iclenlly for the water to flow In a few I days The officers of the company are very much encouraged over the report re-port Rumors About Valeo Rumors were thick during the day concerning discoveries In the Valeo companys properties at the head of i Snake creek above Park City and i I yet no one was willing to take it upon I I himself to verify them Those who I ought to know professed that they I did not but through unofficial chan I Inols It cime that at the bottom of a I Iwinze off the tunnel level and upon I line footwall a body of very high grade I lore had been encountered The story I vas eagerly accepted by the large I number who have been waiting for I such tidings and the result was seen I I In some very active trading in the I shares during the afternoon A Sample of Wolframite I Perhaps the most positive example I lot tungsten manganese or wolframite I employed in the hardening of steel ever seen oii the streets OI Zion was I that exhibited on the streets yesterday I afternoon by Mr E C Norris renrc sontlng the Standard Oil crowd The sample that excited much Interest among nInLng men and metallurgists I was obtained from a Nevada property I about eighteen rlles south Of SScco I that SKxte and carried about CO per I bnt wolframite The attention of the Standard Oil crowd being Invited to ii I Mr Norris wag selected to make the xamlnatlon and while he found It a rrnrltoriou s one the distance from transportation ls Wlnst It At one I time the producer received ns much as 700 per ton for thfa class of ore loaded on the cars iu Arizona IUt since thea the Jnrtrcet has declined and the Producer is Contenting himself wiIii l5O Ier ton with the lcmafld a limited one Mi Norris will leave for Arizona tOday Four Aces Encouraging Late fxrts from the l the properties of Four Acres Mining coSSnv most encouraging The JS are in the Coalo irlf running liOitljeast ff tiir 500foot kveh I lrov1n atisfaetorlly some ore Is bolng Ul taken rrIot him I from values tin dlEClosurc for BhipnTjfu andl compare favorably with I ores in the main workings I That the eiiue is ntlrclv independent 5 of a that has hitherto been any uncover tho i niauagomont has satisfied UtSr and lit drvelopmeuiAvlll hif sloadUy rutPd Ore < has also been prose I tlic IJTalw OUT the 00foot encoumorcd level tald day LTI while omcer 01 C lie < company ycScV a good ohowlng hau just Inoen made on the 100foot level From ichi expisuro oIc Is being alcen while two more ears are now ICiflg preparet for TIIaVkeL and will be billed IL ftt days in Alaskas Annual Meeting The shareholder of the Alaska Mm big hae colnany hose Tintic properties ilgent responded so promptly to Intel dovelopnieiit during the 5oasm i1ltt iii annuaL Sec3iohi YesterthLy wiicii rpor lpx tile and 1roperty were read approved a poliry for the future rJUtllflCd and directors elected Reprc 0ntel in Piuoxi OL by iroxy wCre 4ootio of a total or P100000 tli uinie Wheit lCtjOit Of flIt with llrectom w proceeded the folioing > reKuit J fl ease Chicngo WPbSteI COIIIO 9s Morlil fl lIILHI IIJ R flogi8 2nd l 1 JlHliiigs i boarii tIir ti mt fnr this RtirIiooi OTtfliZItioIi Fhe rerC2aLyls report WhIch hind I 1 I been exlmustlvely pivparoil showed the company In good l llpantlal Btsina lug while the physical condition or the mines wan most ssillsfaLtoiT III tin north drift off the STiGfnot levc1 bcc retary Hunts report culls nitviuion t 0 lght Leon liuhi of ore which auon mi avcrairo of eighty OLIXIes flilvc j ifMi per cent copper and CO cents In gold jKr ton while In cach of the other drifts IB a clear Irfenst of on The main shaft has now reached a depth of 110 net or r23 feel below the apex of the vein and will be l nmtlnued to IG1 where drifting on r the vein will again coinniPiie and the ores opened up as above This accomplished tho activ production of ore will prob I j ably beiln Mepsre Webster and Cuso who am so largely interested m tlip Alaska are very much pleased with th disclosures dis-closures that have been made and will leave for cunj > lo undertake a personal person-al Inspection again next week E AMONG THE STOCKS A Livelier Day with Marked Fluctuations Fluctu-ations in the Market On the mining exchange during the day the cash register showed the sale jofcGOO I shares of stock that brought I j JOSS150 and for the first time during the week lie vendor found himself in possession of the marking poi Grand Central was perhaps the most Interesting Inter-esting cock In the pit and showed Itself It-self capable of all sorts of fluctuation Opening at 0 it was marked up lo S6ll and then down to GOC with but I SG01V to be had for It al the close I Mammoth as llrm notwithstanding artful efforts to depress it und sold c up lo S225V while DalyWost sold up I to 1020 with Valeo uiivahcihg on contradictory con-tradictory reports concerning condition ru the mine to S3 cents Pciro was actively traded In and shot up to lOla cents while Sacramento sold at 22 cents and Marina Washington at 1S cent May Day softened and sold at 110 while Mereur advanced to 550 In the bidding without a share changing chang-ing hands The session closed on lie following prices Bid Asked AJax GO CO Albion GG 100 Alice t 37 00 Bunker Hill 00n 001 Boston it Do La Mar C0lf 00 s Buckeye r 03 < liiilllotiBcck 50 829 i Bon Butler uO 71C 001 OniennlaJ Kurckn r 2325 Chloride Point r OS 12 Congor 20 W Uulsy 01 U Dalton 0hI Dalton Lark j 03 iu Daly 115S t W DalyWest lOlCi 5 Dexter f 102 lns Knglo Blue Bell Ift S Kmcrald 02 Four Aces ftiu I U5 Galena 10 GeyserMarlon 05 Golden Gate Extension 2 Grand Central COIVs C07 I llercule OQK Ilorschel WVi TUorn Sliver 110 310 IJrigot 03 OTK I International irl Joo Bowore OoVl OS Joe Bowers Extension 01H 01 2 Kremlin f2M Little PItlsburg 00 OU2 Lower Mammoth 50 32 Llllle Chief H Mammoth 22y 22i Manhattan WM Martha Vashlngton 01 01 May Day lOOVfe 110V6 Morour 150 o72V > Midnight Bowers 01 Nrthoin Light OG CG Nevada 03 Ontario SOO S25 Polro XWi lOVi Rabbit Foot 02V1 RichmondAnaconda 03 > 30 Sacramento 22 2i Suoramcnto Consolidated 01 Shower Consolidated ID > Silver Cloud 01 01 Silver King M aOr South Swansea 12tl Star Consolidatcil03 U Sunbeam Os < 10 Sunshine 10 Swansea 37816 3S7i Telro 0 1 07 Ltah 17 f 3 Ynlco S3 S7M Vcsl Morning Glory OOh 01 Urcsl Mountain Placer 10 1 Yankco Consolidated 10V6 115 Sales were recorded as follows DalyWest 100 at 10 0 Grand Central 100 at JC 100 at 5601 100 at MO 100 at 11 100 at JOCt 100 at SC03 Mammoth 200 at S225 COO at 225 Northern Light 10CO al Cc Pctro VA nt syc 100 al 2e 2CO at 4O4c i 500 at lOc 2t F3 at Ifc GC at Kic Sacramento 200 at 22c Valoo 100 a I SJc May Day 1CO at 110 Martha Washington 1000 at 14c Shares sold GCOO Selling value 3SSloO I IN THE AFTERNOON On the flagstones during the afternoon after-noon Valeo of Park City was the sensation sen-sation and before the lop was reached ll had sold readily at SI a share although al-though 1UOO shares were drawn In for 370 It receded before lamplight however and was an offering around m conlN For lO DalyWest the buyer checked out 2880 or at the rate of 1920 a share WiLlie a lot of 700 MLT our brought S3SS5 or at r o 1 a share May Day shoed a wllllncneas to dancjg to the tune of 110 al which gig uro lot of 500 changed hand while 1003 Sacramento brought S2oO and a corresponding amount of Yank 11125 the run closing on the sale of 3oO shares for which SG2G2ri was paid The Advance in Silver In the metal market yesterday afternoon after-noon silver advanced lo and ruled at CO1 4 centsnn ounce the highest point to which the metal has climbed since August 18th last when II ruled at COVi cents The nexl day it was eased down a point and did not stop until rW was reached On January 2Srd of this year it had nruggled back toGO to-GO cents and until yesterday has been fluctuating between 5S and the days quotations Not much comfort Is derived de-rived from the advance although the producer is at all times willing to look upon the brighter side of things Ore and Bullion Settlements In the ore and bullion market yesterday yes-terday the settlements reached a total of 47830 divided a follows T R 1 Jones Co Germanla bullion SU100 gold silver lead and copper ores 10000 Bamberger McMillan Gold silver and lead ores 3GC50 McCornick Co Mlngo bullion 1100 gold silver lead and copper ores SSSOO In the metal market sliver ruled at CO6 cents an ounce lead at 5157 per hundred pounds and casting copper at 1C cents a pound Utah List in Bonstdn Last nights newt from the Utah list on the Boston Mining Exchange was depressing Highland Boy was I down to 2823 notwithstanding reports that the crowd would stand under It at 30 while Blnuham sold at 102iJ and Centennial Eurika down to 2250 United Stales held up to 875ioi > notwithstanding bear reports that have been volunteered by shorts at this end of the line while Boston Consolidated remained at former figures with i as lie lop figure Fine Copper Ore in Oregon Charles M McEntlre who has been I one of the most active operators al Mereur and on the Wosl Dip has just returned from a trip to Goose Creek says the Baker ally Or Democrat Dem-ocrat and brought with him line sam plCfl of copper ore obtained from the mines thoro 31o visited lie property of the North American Mining com pany and says thai about thirty men are at work at the mine The mine presents n busy appear ance and new machinery IB being put In consisting of a hoist with an 1m menHo boiler Mr McEnllre said he did not know Its capacity but It mus be VeIy large and Ks of the opinion II I J lilt company intend lo sink about lw < > 0 fJM Mr lUKutlr has somo I amplo of ooppfr oro vhUh urro I lakwn from Ihror dIflrrnt Malm tibrmi tct oiiILc from < opti piute A sam ple from the latter property Is aulphide ore and exceedingly rich Some thirty u Hmrl vears ago Mr McEnlliv says and pruducfd tii UH on the property from four or live tons of copper bullion bul-lion I This was hnuloil to The Dulles I which was the nearest transportation I point and shipped to I Swansea Wales fur refinement The freight charge were vo high that the shipment did not pay and further shipments were abandoned aban-doned At the Copper Butte Mr 1 Mc Entire says there t are now about 100 tons of did slag op the dump I that t carries car-ries about 7 per cent copper The mine Is not operated and there Is no effort made l < > utilize it There Is also about IfiGO tons of oxidized ore that I goes from 30 to 10 per cent copper Mr I MeiSntlre brlicvis I hat the cnppcr deposits de-posits of this country are certain to attract much attention in the near fun re SHAWMUT PROPERTY Secretary Barnes Says Work is Progressing Pro-gressing Satisfactorily TRIBUNE SPECIAL Boston Mass May Secretary Barnes OL the Shawmut Mining company com-pany said today Since the Issue of I the statement of the Eastern directors I of February 12th the oik at the mines has progressed satisfactorily There has been a general improvement In the dlfierent veins as development I has proceeded The concentrating mill has advanced as rapidly as was expeci od This mill will have full capacity of 100 tons per day and will be ready for the treatment of ores In July or MS early as was contemplated Jfhe money to pay for the mill and machinery Is In the treasury of the company Wo have In the Crown Point the longest chute of ore and the highest grade In copper knovii to xlst in the Jingham ditlrlct The vein has widened from three Iu live fet showing a good quality of ore assaying S1 1 gold IT ounces silver and 11C per cent copper 2570 per ton Tho U and I No 2 tunnel 5s In about GOO feet and the vein has idened out to I fortyseven feel Cuba No 2 tunnel vi tlh crosscut tunnel now in ubqut 250 feet Total number offc of work done exceeds load of which about 2300 feet are on ho I vein SMELTING PROPOSITION Director Kelly Talks About TJ SHilling S-Hilling Properties I Til I DUNE SPECIAL Boston Masn May 1Mr Stlllman F Kelly director of the United Stales Mining company who has Just returned from nn inspection of the mine says The United States Mining proposition is reduced lo a simple smelting proposition propo-sition We have reason to believe that the ore will flux Itself and the report of the Messrs Devereux will be a special reference to the smelting possibilities of the ore and will give the size of the ore bodies and the value of the ore alter a very minute examination The report will not be made for the purpose ox creating an Interest in the stock uf the company but will stale the facts as they actually exist In the throe properties prop-erties owned by l the United States Mining Mi-ning company Mr Holden says that already OOOOOi worth of ore has been extracted from these three mines and the developed de-veloped ore bodies are more extensive than over Mr Parker will continue as director direc-tor of the company but Mr Holden whom we regard as a shrewd mining man and well informed regarding our particular property will be managing director being added to the board I was very much pleased with the Centennial Kureka The troublu with this mine Is that it has to buy ores from other mines for lluxing purposes in order to gt the best results The Centennial Eureka has very large bodies apparently carrying high ore values The mine is one of the finest equipped In the country Its machinery machin-ery will hoist four times as much ore as is now being taken out Mr Kelly refused to discuss the report re-port that tho United States Mining company would absorb the Centennial Eureka through consolidation Cyanide Suit Testimony The taking of testimony In the case of Joseph R Do La Mar against the Do La Mar Mining company of Idaho the defendant accused of infringements infringe-ments upon the formers patent covering cov-ering tho use of zinc dust In the precipitation pre-cipitation of aurosoluilons concluded con-cluded at this station yesterday and adjourned to Boise Ida where the next silting will take place Gil S Peyton who was among the first to apply the cyanide process to the leaching of Mereur ores and In which lime I zinc shaving Instead of zinc dust was used was the only witness during the day his testimony relating to time cost of treatment and the difference dif-ference shown In the use of dust as compared with shavings Among the witnesses to be heard at Bolsn will be Ilartwlg A Cohen who has had much experience in the use of zinc as a precipitant Tho lalent at Boise having been heard the case will be adjourned from station to station until un-til it reaches Washington D I C and everything now Indicates that the contest con-test will be one of great length as principals are both very wealthy and equally pugnacious when a principle Is at stake Sunbeams Delinquency When the hour to proceed with the rale of delinquent stock In the Sunbeam Sun-beam Mining company arrived yesterday yester-day the companys oSllcos showed a stock of 123000 to be had for the levy of 10 cents a share A few were present pres-ent when the sale began but there was no bidding for the shares and it was allowed to drop back Into the companys treasury From the assessment assess-ment the company that prior lo time assessment confessed an Indebtedness of about 10000 derived loss than 13000 and It looks now as If two more assessments were unavoidable An ofllccr of the company said during the afternoon Hint work would not he resumed until such time as the Indebtedness In-debtedness Is discharged and machinery ma-chinery for greater depth is provided A Famous Old Montana Camp I Correspondence Tribune Virginia City May 2This famous old place Is making a new record and some very sensational finds are being made In this ledges from whence the placer gold of Alder gulchwas washed ages ago and our people feel certain that the palmy days of the dOs and 70s are lo be repeated to nn exlent at leant Then the old placer workings are bo Inp tyrnoa over this lime by the i hand and arm of steel and electricity and so far with satisfactory results Then at great expense a company of English and local capital are making the preliminaries pre-liminaries for bringing water from llell roaring river onto the Gravelly range virgin placer ground of not uncertain richness a verllrtUlo mountain of gravel thousands of acres in extent Isnt it singular that all time early placer camps of the AVcst are coming uy aguin that Is thocountry In proximity to the early camps Again Hostile to the Mevcur The local representative of the TCn glncorlng and Mining Journal If again fulminating against the great Mereur mine and with mulovolont glee stlxos upon the recent decision of tin board of directors to momentarily reduce tho I dividend to 12 cents a share because of troubles that have since becji overcome over-come as a vindication of his asinine attacks upon the bonanza In the past Just what the management uf tho ler1 cur has dour to provokf the animosity I Continued on page 7 ThE OZAB COPPER Continued trommi Price C of this inane scribbler for the Engineering En-gineering and Mining Journal is not known nor would It concern the public but that his attacks are no less than a series of blow at the Industry upon which Utah principally reliant Upon the testimony of Duncan McVlehie and Hartwig A Cohen both uf Capt De La Mars Mcrcur mines and both of I whom have sampled the Mcrcur In connection with lie projected alliance between it and the Golden Gate It laIn i la-In superb condition shows greater earning capacity than at any time in Its career and yd this mangier of I mining news persists in his unscrupu i bus attacks upon thc mine and Its management He has not been In the mine for years knows nothing of the conditions that exist underground and Is not capable according to lila attacks at-tacks upon honest men and competent management of distinguishing between be-tween lie good or bad Mining Nojtes The Swansea of Silver City marketed eight more carloads of ore yesterday The Silver Shield of Blngham had two more cars of ore on yesterdays market The Mammoth contributed three more cars of ore lo the days receipts in thc ore market Thc Grand Cross of Stockton came forward with another lot of highgrade lead and silver ore yesterday Denman Blanchard of thq Overland and Chloride Point mines has returned lo thc city after several days In the hills A L Jacobs who Is in from the Ben Butler at Blngham reports work progressing pro-gressing steadily and with cna outlook Improving daily F M Taylor of the T and B sampler samp-ler came In from Colorado yesterday accompanied by his wife and Is again consulting the interest of his clients Manager Wilson of thc R G W at Unmansvlllc north of Eureka received a new lot of samples from the properly yesterday that afford promise of very encouraging value Manager J T McConnell of the Raven Ra-ven Mining company came in from the south yesterday after starting up the seasons campaign and will remain several sev-eral days at the Knutsford The Centennial Eureka reported from Tlntlc yesterday with nine carloads of silver and gold ore of fine quality Bert Holden tho managing director of the properly left for camp again yesterday yester-day morning Mr E P Jennings who has been pieparlng as one of Ihe exports for the meeting between the Mammoth and Grand Central next month came in from Tlnllc yesterday morning and will return Monday Yesterdays receipts at lie Taylor Brunlon sampler consisted of nine oars of ore from Eureka one from Stockton and two from Blngham The receipts at the Conklln consisted of three from Mammoth and eight from Silver City The new locomotive for the Salt Lake Morcur railway is on Its way to Zion and Is expected early next week It will greatly relieve the situation on thc Mercur line and enable the Mcrcur mine to Increase lie tonnage for the mill Messrs Pine and Scovillc who have been making an examInation of Ihe Queen of Utah In Dry canyon returned to town last night very much pleased wllh the condition of the properly in which a body of highgrade ore is exposed ex-posed Pony Mont Sentinel The long lalkedof sale of lie Old Joe mine was consummated this week when John F Cowan withdrew and W W Morris jnado a deal with the owners to buy thc mine for 515000 he paying 3000 down the balance to bo paid In iwo equal in slallmenls Butte Inter Mountain W W Wilson of Butte II II Nell of Anaconda and Mr Murray of Salt Lake accompanied by Frank Penn spent Saturday and Sunday examining ihe minesbelonging to the > Pacific Slope Mining company They have decided to drift both ways on the lead and new cars and turn sheets will be sent out from Butte this week Thc lead Is very large and was tapped at a depth of 200 feet by a tunnel tun-nel 307 feet long |