Show 1 I MRBUTTERS i RETURNS I fakes Gloomy View of Opening II I I Open-ing South African Mines I HEAVY SALE OF DALYWEST Mayor Ezra Thompson Buys a Thousand i Thou-sand Shares at SSO Paying for South Godiva The Vest Morning Glory Hoist Disabled by Tiro Gratifying Reports OU Don Pedro I Pe-dro TwoFoot Vein of Galena in the AJaz Heavy Ore and Bullion Settlements Ben Butler Notes six weeks the absence of After an ot greater Aler portion of which was devoted to his interests and alliances In LOI I tC the eminent don Mr Charles Butters of I at the head o metallurgist reappeared I j his matchless laboratory In this city 1 resterdny accompanied by his secretary secre-tary Charles M I Dull Discussing the situation In the Transvaal and tho I reclamation of the great goldbearing zone in South Africa Mr Butters said I he was unable after conferring with his Alliances across the water to take alances other than a gloomy view i or tt While his sympathies are with England iiI ii-I ita contllct with a people who wore among the most despotic in their practices prac-tices that the earth has known he realises that the country Is I up against Jt in the vernacular of the street and I that the complete Jusatlon of the Boer Is as indefinite as at any period sIne the attempt hegan Until this is accomplished certainly the American fccompshed rcan as wen as other Interests In th = roat gold fields of South Africa must suffer At present eight mines with n total of I 100 stamps dioppiriK arc in operation His own company has just bell permitted per-mitted to start up Its refinery When they will be able to fire up the remainder re-mainder of the great plant Js as uncertain I uncer-tain as the termination of the stubborn conlllct Where thee mines and plants are now In operation there were over 100 mines and perhaps 4600 stamps In operation on the eve of the war With these figures the reader can easily I HIH how the production of cold has diminished di-minished Thero has been some tall of I l compromise says Mr Butters but I in this the messes certainly will not concur and thus the struggle Is prolonged pro-longed So far as American interests in the diggings of the dummy republic are conCcrncr he can see nothing encouraging I en-couraging Of his undertaking in which the treatment of Mammoth mill tailings Is concerned Mr Butters pleaded that he had arrived at no definite conclusions but was still prosecuting his experiments experi-ments and hoped to arrive at something some-thing satisfactory In a short time Mr Butters was accompanied on his return by Mrs Butters and will leave in a few days for Central America p where he has Joined Mr James Johnson John-son in the erection of another big gold mill Mr Johnson Is now in the city placing his orders for material and machinery BIG SALE OF DALYWEST STOCK A Thousand Shares Bought at S39 by Mayor Ezra Thompson Ezra Thompson yesterday drew a check for 539000 and exchanged it for 1000 shares of DalyWest stock The transaction is one of the largest quiet Investments In a mining security that has been made In this section for along k a-long time and it shows more than any argument could the confidence of those who are acquainted with Daly West in the value of Us security There is probably no one better posted on the conditions of the Daly West than Is Mr < Thompson and Ills purchase of yesterday Is but anaddir I ton to an already large holding of the companys certificates The name of the vendor has not been made public in the transaction Paying for South Godiva r The management of the Yankee Consolidated Con-solidated of Tlntic by which the South Godiva adjoining its original domains I on the northeast was recently acquired at an expense of 525000 has Just made t a second payment of 56000 on thc un r l dertaking this cutting the balance J down to 13000 which will b discharged I t I dis-charged as it matures The South Go diva which was originally desired as I I I dumping ground has under examina WJ tion shown itself to be quite valuable I I 3 in the opinion of Prof Jenney the c 1 vein passes through It on its strike to the northeast To norU1Crst demonstrate this a n Ii crosscut is now being run In that di i rection and Important results arc ex I 1 pected in a short timeS II I time-S The Little Chief Rumors The Industrious efforts of a local broker to thaw out a lot of 10000 shares 01 of Little Chief and a subsequent report that ore had been encountered on the lower levels occasioned not a 01 little activity in the shares of the company yesterdiv Secretary Obcrmlorfov fo whom thy reported strike was referred I Raid positively that there had been no t development that could be character ized as a strike and stlk while tho shares had sold up to 24U cents they soon oet tied bark to normal position In the meantime the management is doing some very intelligent work in which L they are being encouraged by l the good L people of Eureka among whom a large block of stock is i held Hoist Disabled by Fire i I The hoisting plant on the property of the West Morning Glory near PJa mond Tlntlo district was disabled by lire yesterday morning and last night AVIlinrd F Smith took the train for i camp to investigate It is he investgate I says U fully covered by insurance The fea I I tUfl It would ° iHtt tollored by him was that I Belay the active production of ore from the 200foot level There he reports ten Inches of ore that will sbcw from S to 12 per cent copper wJ I ounccs sliver 2 gold aid an excess of bout 22 per cent Iron However Per > he Is tempted to appeal to a whim and ship I anyway No one will exult over this I decision more than thc shareholders who have no been waiting quite waing resignedly on the I management Gratifying in Don Pedro of Manager StoJeton L P Peer of the Don Pedro reports ti most gratifying i < ondion or affairs at the property ii notwithstanding thc fact that proPcr1 develop I meats have but just begun and at a depth of txveiitytlvo feet on the vein ore 1 now being opencd that belnS up yields I from 365 to 1 ° per cent lead with from wih 5 to 10 r I this i which I ounces silver per ton Of occurs ns l carbonate there are about three foot at this time with everything InclcatlS bcler results as mine cpth is Is attained The outook result the l1 certainly y very assuring Plant for Tonopah With the campaign on the properties of the Tonopah Mining propertes company at lnlnS I ronopah 2ev running faultlessly and at I with the army of loasecs raising ores of the most sensational quality Man sensatonal 4t r nIivri ager J C Anderson came in from the j k ns camp again yesterday and Is r now con p l iP lerrlng with local millwrights with a view to equipping the bonanza with a I I plant that will enable him to handle ores of the value of about 560 per ton that arc nov going upon the dump I However incredible this may appear to the uninitiated it Is none the less a condition which has prevailed In camp ever since the discovery of ore was made With a wagon haul of about sixty miles the subsequent transportation transpor-tation of the ore to San Francisco over a road that has been most tyrannical In Its tariffs and the working charge at the smelter added the producer has been prohibited from marketing anything any-thing but n very high grade ore and the result is an accumulation of large amounts of CO ore on the dump To overcome this the management of the Tonopah company has decided to put I up a plant with which to eliminate the 1 gangue as far as possible and with that In position a new source of revenue Is opened up STOCKS GENERALLY DECLINE Little Chief Exception Caussd by Encouraging Change The day on the mining exchange i closed with the sale of CS630 shares of stock for 55069750 and with the active 1 traders generally marking up declines I The only pronounced exception was that t I afforded by Little Chief from which a rumor had come that an encouraging r I change was taking place in the lower workings May Day which sold up to S11G might be mentioned In the same category but even that afforded but Ht tlc comfort to the Investor who had his lot thrown Into him around 3 An announcement an-nouncement by W II Clark that fire had wiped out the new plant on the West Morning Glory and the aubse quent spreading of a big lot on the counter by him sent Its shares back to 4 cents while the drawing down of profits on a large package of Victor reduced it to 505k with Boss Tweed marketing around 3C cents A single lot of Utah of Dsip Creek came out to a bid of U8 cents notwithstanding the approach ap-proach of another dividend and the Improved Im-proved condition of the ore bodies while Tetro was held up to a point around 30 cents with Tesora that Is forwarding a car of ore daily going around 67 cents Not a few who have been waiting on Uncle Sam to come within reach of their purse strings filled their wants around 172V at which figure they are earning over 20 per cent while Carlsa was markcd down to SlJOJA with the mlno earning better than 10 per cent on that valuation and the management ready to post its Initial dividend Showers Con of Diamond coming out for a trial heat was drawn in at iGlS > cents and back to IGb cents while Con Mercur was released at 2 5C with Lower Mammoth I recertlrfg to 5200 AJax on an unloading of over SOOO shares was marked down to Slll while lOa Ontario brought 12 with DalyWest changing hands at 375 and Daly passing without a quotation United Sunbeam behaved as If It was I lleelng from another of those adult assessments I as-sessments that have been so heroically met by its supporters In the past and sold rapidly down to ID cents while i Manhattan which has been exciting I considerable Interest as a lowpriced possibility changed hands at 1 cent with Martha Washington going at aA cents the day closing on the following market Bid Asked I Anchor 5 275 VJiix 141 1I11A 6 Albion 57 Black Jack 150 JJcn Butler 9ti 20 Boss Tweed 55A t 57 Carlsa > 1IOVl riji Century 305 350 Codger is 35 r Con Mercur J 250 267 DalyWest 3780 37fO Dalton Ljirk 1 02 II I Dalton ni Dexter q H 40 so j I I Diamond 20 Kmerald JQ ii 1 Eagle Blue Bell 1WIA 111 Galena 2J JQ Grand Central l i 1 410 180 Golden Eagle 015 a 03 1 Horn Silver 1 151 Ingot i i ru o1 Joe Bowers O7i 074 J Little Chief 23 4 Kremlin oo I Little PHtsburn j OOV5 Lower Mammoth 2oy 293 La Relno 25 2 5 rrammoth 193 200 nanlinttan QJ s Slay Day 1451 ll6 I Iartha Washington 05 OoA Northern Light 01 S2 i I I Nevada 10 20 OntariO j u ii TS 10 vi Petro fx RichmondAnaconda 35 Sunshine 02 A Swansoir 2W oJs South Swansea 42 51 Sunbeam 47 50 Sacramento 235 W Silver ICing 7750 S3OT Star Conaolldatcd 37 10 Showers Consolidated 15 1S Silver Shield 02 idlVi Tetrd jo sjif Tesora rnt Ttali GG 70 West Morning Glory QW on Yankco 415 4tD Undo Sam 1711 ITIU Victor SOY il White Rock 20 2 THE DAYS SALES Ajax 200 nl 114 200 at 143 600 at J 40VJ 200 at 142 7uO at 14ryt 200 at SII 12 seller 10 days 500 at l4ll 100 at fjtt seller 10 days 1000 at 5141 ½ 200 at ili I seller 10 tJays m at 1ll 150 at jMl581 SII1 iitO at Hn CarlBa ICO at l4UA ico at SI15 50 at 146 ZCO at R13 200 at S1I3V 200 at 5L4I SCO at 143 300 at 5142 COO at Jlliy 200 at 42A 500 al 113 seller 10 days 1000 at HL8ClIcr 10 days > 100 at 5141 K0 at 5i tOI foil Mercur 100 at 25G DalyWest ZOO at 775 5 al J3S50 0 at 38Lower Lower Mammoth 100 at J296 ICO at 293H 100 at 292 IW at J290 May Day 1100 at 1 5jOO at SllSli 200 at S14nVi JCO at 4145 200 at 146 Northern Light 500 at 4c Ontario ICO ut 51 12 ShOWfl Con JC ° ° at ICe 00 at 18c 500 at 11il Sunbeam 100 at 5lc 10D at Sic OO at HUfrc JOCO at We 100 at 49c 20 at 40c Tesora 200 at 6c 100 at C7c SOO at U7c Uncle Sam C0 nt 1i5 100 at S17I1h 100j It Iif 300 at U73 i 100 at 2lh 1O al li2t1 zoo at J7 HCO at Siil i 100 at t171 600 nt 1i11 Em al 1iO I UUih iflJ at t3c Bobs Tnped COO at MP 500 at 5Gc Little Chief 600 at 19hc 501 at tc 500 I at 2ifixo at 22 ° 600 at 22c 6CO at 23c 200 al 22tc Manhattan 20CO at lc Martha Washington 600 at BVc Tolro 1CCO at SOc 1COO at 31c 100 at zo1 ic VIctor 1Ct < l at K hc 2tO at 52c MW at Clisc 1000 ut 62c btiyer > 10 days 2400 at 514c 1100 at 51ci ICtK ut 5mc buyer 10 days 3000 at q c3CooJo at Me buyer 10 day West Morning Glory 2000 at Cc 1000 at JcMapW Wc 1000 at 6 4c 20M at 5c lCOO nl Hic Snares sold ii130 v Selling value NO WON W-ON THE STREET The landoffice business which was being done by the judges of the Kangaroo Kanga-roo court cut heavily Into the curb luring the hour to which trading Is confined and sales were accordingly re duced to SIOO shures that brought 53SOC Little Chief was quite actlvelydealt In and after changing hands at 24 was relegated to 22 cents while California loosened up 200 that went at 123 > L20 A lot of 400 Boss Tweed was drawn in at 57 cents with 1000 Carlsa going at L41V61 while COO May Day went around 141 Thr clays sales on curbstone and ex I change numbered 70030 for which p4 50360 was paid Vigorous in Coppers LTRinUNB SPECIAL Boston Mars Sept 25Thc copper I market today opened very vigorously many Qommlfislonhouses having numerous nu-merous buying orders which resulted In an advance of several points in the acllvcf Issues which was quickly I checked by the decline In Amalgamated I Amalga-mated The market Continued weak on the presumption of a cut in the I Anaconda dividend which was announced an-nounced In the late afternoon Parrot was extremely weak throughout bear sentiment being assigned by rumors that the directors were to pass the divi dend The market closedweak Horn blower Weeks brokers 53 State I stceet Boston and 10 Wall street New York furnish the following quotations Sales High Low Close Amalgamated 27690 J3562 S50 SSOOO Bhl tam 113 32CO Cochlll j H 635 400 3 75 i 35 DalyWest l 3050 3037 6 Utah 2152 24 75 23BO 2375 Morcur > 1020 C50 Mohawk H 3060 4600 4250 4250 Curb Boston J300 rCavaho U25 I BUY COPPER STOCKS I I Salt Lakers Heavy Purchases in the Boston Market I LTRIBUNK SPECIAL I Boston Mass Sept Westerners were very heavy buyers of copper stocks In Boston today Salt Lake people peo-ple bought Utah and Butte bought heavily Anacprda It Is believed that I on a 12cent copper market these stocks can make a fair amount of money CAUSE OF COPPER SLUMP i Said That Lawson Is Evening Up I With New Yorkers TRIBUNE SPECIAL I I New York Sept 5The big slump In the copper market Is said to be due to the rumor that the Anaconda company com-pany would pass the payment of the extra dividend which was done Lawson Law-son Is also suspected of bearing the market to get even with the New York Yacht club men The Standard Oil company is I said to control the worlds floating supply of copper U S MINING STRONG I One Director Could Only Get 1800 Shares on 5000 Order TRIBUNE SPECIAL I Boston Mass Sept 25Thc strength in United States Mining stock the past I I two days has excited comment It Is said one leading director of the company com-pany gave orders to purchase 5COO at JlC50 and 1625 and only scoured 1SOO I shares Transactions amounted to SOOO shares Monday and 1700 shares yesterday I Anaconda Dividend Declared I New York Sept 25lhe directors of the Anacpnda Mining company have declared a dividend of 125 a share For some time past the company has been declaring a dividend of 1 25 per I sharfc and an extra dividend of 75 cents at Intervals of six months Big Indian Trial Ore I Headed for the Silver King mill at Park City Is a trial lot of ore from the property of the Big Indian Mining company In Grand county the purpose pur-pose being to ascertain If the separa tion of the metal from the rock after it has been discharged from the Loose roaster cannot be accomplished with the true vaniler The test can be made without Interfering whatever with the operations of the Silver King and the result will be awaited with liveliest In terest by the company Galena in the Ajax Secretary Burt of the Ajax Mining company reports as much as two feet I of galena In the face of the north drift off the ICOOiibotlevel In the cdmpanys Tint6 property with indications that a bigger 3hpi Ing awaits the management manage-ment as the drift advances In the Slope which as started a few feet further back the management Is still raising on galena of which considerable consider-able IS nOW at lhf nrfir o Vrmi nf L I this class will be sent to market until the return of Thomas Weir the manager man-ager who Is scheduled to arrive next week Peter Burke who was for many years Identified with the AJax said yesterday that there was no doubt concerning con-cerning the permancy of the lead development de-velopment In the mine and that It should become a source of steady earn lags A Strike Verified News of a strike In the Wandering Boy of Tonopah Nev which was re cently acquired by Salt Lake investors was verified by Judge Dickson ycster day His syndicate had been notified that at a depth of about twentyfive feet on the vein very high grade ore Is appearing In bunches but other than that nothing has been heard from the development However the Judge Is very much pleased with thi behavior of the ground and has had no doubt from the first concerning Its ulllmate productiveness 1 Ore and Bullion Settlements In the ore and bullion market the days settlements rose toa total of 123600 divided as follows McCornlck 1c T CoAuroc nnIdes 340CO gold silver lead and copper ores I 43200 t I T R Jones Co Gcrmanla bullion 17600 gold silver lead and copper ores 55800 In the metal market silver ruled nt 5S cents an ounce lead at 390 per hundred pounds and casting copper at 15 cents a pound Ben Butler Shipments The management of the Ben Butler of Bingham has eight carloads of first class ore at the surface the moving of which will begin at once said Mr Jacobs yesterday The ore Is similar to that which has been coming to mar ket as teams could be obtained and will afford the treasury a nice piece of money In addition to the hlgiigradr the management has 200 tons of mill ing ore in the bins and with another 100 tons It will he forwarded to the smel tel The active sloping Is now going on at a atatlpn 375 feet distant from the territory In dispute and where the company has 450 feet of sloping ground overlying It The breast of galena said Manager Jacobs Is I now full four feet In width and tile minenever looked as well us at present The drift which headed to get undo the big out crop on the east Is mishlntr nh ni with the vein mailer being replaced by ga lena and with a most cheerful outlook Mining Incorporations The Brooklyn Mfnlng and Milling company filed articles of Incorporation yesterday The capital stock is 400000 In shares 0S1 1 each J A Graham Is president of1 the company chiirles Olsen Ol-sen icei > resident R S Connor secretary sec-retary and treasurer who with II L Benner and W G Davis form the directorate di-rectorate The company owns the Brooklyn group of nine mining claims In Park valley Box Elder county The Copper King Mining company yesterday filed articles of Incorpora tion with the County Clerk Thc capi tal stock Is 30000 divided Into 300000 shares of the par value of 10 each 1 H T P Grey Is president of the company com-pany j ST W Bouton vicepresident G J Baduriacher secretary and treasurer I treas-urer who with C M Mauck and H A Turnley form the dlrectorale The company owns the Roosevelt and nine I teen other mining claims In Blue Creek district Box Eider county The name of the Skull Valley Mining and Milling company has been changed to the Isabella Mining and Milling company by an amendment to the ar holes of Incorporation filed with the County Clerk yesterday and the capital capi-tal stock wag reduced from Sl 1500030 to 530000 In shares of the par value of l 5 each I I 1 f Mining Notes The Albion ofAlla fiold a car of high gradq orp yesterday George Yiiivarcffmn of the Uncle Sam cdmo In from Piqvo yesterday The Colorado of Blpgham reached tho market with two moro lota 6f ore yesterday yes-terday Superintendent A J Undorwood of the CarisL en mo In from that Tlntlc bonanza i I naI 1 Inpt l night to confer with Manager t McCornlck and to Join with the hare liolacra In exulting over tho announcement of a 3ccnt dividend to be passed around on October 1st Thc Wild Dutchman American Fork canyon Is In town with another carload of ore Tho Cygnet of Stockton disposed of two more cars of highgrade lead and silver oro yesterday Tho Low cr Mammoth added tho proceeds pro-ceeds of live cars of ore to Ito treasury during tho OEd O-Ed Talbot superintendent of the Alaska companys fIn tIc property came In from I camp gain yesterday From the Butterfield companys mill at Bingham came another car of high grade concentrates yesterday President Franklin of tho Yankee Con I was much Improved Inst night and expects ex-pects to be at his desk today Samuel Mcintyre Jr superintendent of the Mammoth companys bonanza at Tin lie arrived from camp again sestcrday Thc Carl a of Tlntlc reached the smelter with another lot of four cars of ore yesterday yes-terday this a totnl of eight since the opening of tho week Sunerlnlcndenl gutting of the Blnghnm Con n smelter camo In from tho plant again during tho afternoon and reportj 11 running most satisfactorily Superintendent Rob White of the Highland High-land Boy smelter came In from the plant I again yesterday afternoon and reports tho I usual volume of pig copper pouring from i the furnaces Tho management of tho Yankeo Con will draw down check for five care of silverlead ore today with the Ural lot of sixty tons to arrive from Its Humbug ground this morning Thc days receipts at the TJ lorI lor-I Brunton sampler consisted of Ova cars of ore from Blngham nine from Tlntlc two from Stockton one from Alta and ono from American Fork canyon Superintendent BIllcc Ball of tho I Lower Mammoth vas among tho arrivals from Tlntlc yesterday He reports a level now beInG established at a depth of 1000 feet In tho shaft with drifting to follow In a few days I A report arrived from Price yesterday that a flow of oil had been finally dc I eloped In thc Davis well below that I 1 point and that a cap I had been put on the well pending tho arrival at camp of Man I I 1 agcr Davis The feeling among tho crowd was quite exultant and the hopo is cx pressed that the message concerning tl will bo verified Michael Rourke former suporln tendon t 1 of tho Mammoth mill at Robinson leaves for Montana In a few days to look Into the camps of that State From tUo management man-agement of the great Camp Bird mine In Colorado which was recently superintended superin-tended by him Mr Rourlte carries a letter let-ter which affords a most eloquent tribute to his ability as a mlllman Prom Neighboring States I Butte Inter Mountain The Vermillion placer property located on Vermllllon Creek Missoula county changed hands j a few days ago but tho names of tho I purchasers have not been learned Tho ground was owned by Thomas Rodda A i D Dorn and J P Anderson of this city an dlho amount they aro said to havo received Is S50COO Lyon County Nov Times The Doug las copper group In Mason valley Is known as tho Miller mine Tho group of I eleven claims has been bonded to Capt Do La Mar for a period of six months tor I thc sum of 250000 Under tho supervision of Mr Small ten or twelve men are now doing development work on some of tho I claims and It Is expected that twenty or thirty moro men will be put on soon I I Baker City advices say Philip Campbell I of New York who recently bonded thc Flagstaff mine In the Virtue district for I 5I20CCO has taken up hIs bond and will soon open thc property to active operation opera-tion The transfer of the Gold Bug and Friday propcrlles from Mahoney and McCarthy Mc-Carthy lo Frank Wilson of Salt Lake has I also been completed The price was about 10000 Mr Wilson has placed p llvobtamp mill on the Friday and will push development I develop-ment work The ore Is freo milling and runs about UI per ton I Reno Journal Tho famous TrlMetallic I and William iI Teller mines owned by CapL A D Griffin and situated on the I Anlelopo range twehty miles north of Reno have been bonded to a Philadelphia I company Thc consideration will not be learned until the papers are placed upon record These properties have been extensively ex-tensively prospected and from tho upper levels l a number ot carloads of rich ore I have been shipped A year or two ago they were bonded to C C Wallace and along I long tunnel was begun for the purpose of I catching the ledge iSO feet deep When I Mr Wallace died this work ceased and the brnd expired Tho former bond was for OCO I |