| Show J CON MEPvCUK ACTIVE I Closing tho Week With Much Demand i De-mand Sales and Quotations The week on the mining exchange closed with the sale of 107033 shares of stock that brought S 51ID632 and with buyers as a rule in possession of the crayon DalyWest was an exception i and while very little was dealt in It moved forward In the bidding to 1980 bid with 20 asked at the close Consolidated Con-solidated Mercur with an Initial dlvl dejid of 1 cents or JJLO000 proved avery a-very active card during the period and nctvc carl I registered good advances notwi thstand ing the effort lo hold It back while I Ajax which has been upon the shelf for so long found a ready market I I around 50JT5I cents BullionBeck with the new chute In Moulloon ground I lapped from the ihatn workings wus eagerly sought and on the curbstone 1 sold at 5JBO while Grand Central which opened the week at 560 rejected a bid of S390 at the close and curbed at I COOG03 Favorable reports from I Eagle Blue Bell failed to do much for It and It changed hands on the close at 53 cents while Pelro was let down to 1D4 notwithstanding assurances of a strike in which three feet of galena has been exposed Sacramento did business throughout the week at Improved prices although at the finish it softened down to j3y cents while Star Ton which sold up to GOA cents on Monday last was unloaded at 511 cents yesterday yes-terday The road thaj Valeo traveled was one of many angles although it recovered I re-covered from the lowwater mark and I sold up to IS cents and while Lower Mammoth had encountered good ore on the 700 it was allowed to sell down to 10 cents yesterday although bringing 50 cents on Wednesday South Swansea was pounded very hard at the eleventh hour and was unable to get n better market than 110 yesterday while 4 Swansea was marked up to SI L20 with 100000 or more in Its treasury Sun beam sloughed off and was an offering at 40 cents while Utah of Fish Springs sold up to 90 cents after the announcement announce-ment of a twocent dividend with Mammoth Mam-moth held at 225 at the close The last day brought out S200 shares of stock for which 2318 was paid and closed on the following market Bid Asked nlJ slcl Ajax r 50 f 5 Albion jo 71 Alice jo Boston Do La Mar 00 11G OOjS BullionBee UOO 500 Blue Bird Extension 10 O Bunker Hill oiv I Boss Tweed if I Congor q 1f Con Mercur 1G3 77A 16 17 Daly 137 2CO 151 Daly West 19E 20 00 Pal ton 0 > roo I Dalton Iark ati I 01 Dexter O 103 Daisy 01 01 4 Eagle Qiy Emerald Eagle Blue Bell 53 01 > i 0 Four Aces 001 Frisco 01 I Grand Central 6DO C05 Golden Eagle CW OL Horn Silver 115 1S5 Homcslako 01 l < I Ingot 03 Joe Bowers 02 i o 3 Joe Bowers Extension Ol1 Little Plllsburg 01 Lower Mammoth It 12 Mammoth J 22L 225 Midnight Bowers 03 May Day 2SV6 31 1I Martha Washington 02 01 Manhattan oov i Monarch 01 I Northern Light 01 0 Nevada < 02 Ontario i 50 Petro l 17 20 Sunshine 07 l 20 Swansea SDI 120 1 South Swansea 110 11S Sunbeam 3S 10 Sacramento aIy 2y 3lt Star Consolidated At 51Th Consoldaed 5r Showers Consolidated 07 14 Silver Cloud hh < K Tcsora > 3J Tetro 0 Utah S3 91 Valco SQJ 2 i Yankee Con 1714 17 Sales were recorded as follows Dexter 500 at 1 Eaglo Blue Hell 200 at 53c Galena 1000 at 94c 100 at lOc Lower Mammoth 100 at lOc I Petro 500 at 1 ICO at li lc Sucraiiiento MO II 3 il4c 10 at GlMc I 1500 at aic 100 at Slftc t Star Con 100 at 02c ICO at 5i3c Joe Bowers 1000 at 2TAc I J Yankee Con 10CO at 11c r at lee j Shares sold S200 Sclllnrr value 3JS I SALES OF DAY AND WEEK The curbstone during the afternoon I was practically deserted and while some trading was reported here and there it was so desultory that no record was kept of it The week was accordingly accord-ingly allowed to close with sales amounting to 221183 shares that brought 9037007 days sales as above The List in Boston ip The list from Utah was again actively active-ly traded In on the Boston exchange yesterday with Highland Boy dealing out over 2000 shares at prices ranging from 3250 to 3350 Bingliam copper and gold also gave good account of itself it-self and while there were 14C5 shares aboard the counter at the opening it advanced and sold at 1275 with that figure bid at the close Centennial Eureka was lightly dealt in at 520 a share while 600 United States changed hands at 912 5950 Boston Consolidated with the market still waiting for news on the future stl waitng futUe reduction re-duction of Its ores was weak at 250 < 5 27G while Navaho which Is now Under un-der the persuasive management of Capt Duncan McVichie remained stationary sta-tionary at 350frI0 The Fremont Assessed The directors of the Fremont Mining Mi-ning company with properties near Diamond met yesterday and levied an assessment of 4 i cent a hale the proceeds pro-ceeds to be applied to the payment of expenses Incurred in the patenting of the group of five claims The company of which Ed Airis Is president and Elms Smith Is secretary and treasurer has already equipped Its ground with a hoisting plant and prospecting of the vein wi be resumed In a short time < Golconda Shares Divided At n meeting directors of the Gol conda Mining company whose properties proper-ties adjoin those of the Century in Box I Elder county this State it was yester day decided to make i division of the I shares now in the treasury In order that an assessment may be levied nan I n-an amount sufilcient to ply for patents which are now being procured and to further develop the ground Explora tions thus far have been said an offi cer of the company yesterday with very satisfactory results and although the ground has only been opened to a I depth of forty feet there Is exposed at n that level two feet of ore which affords an average of 18 gold per ton The Intention of the company now Is to tap the vein at lower level and to that end c tunnel has been driven n dis tance of 300 feet with forty feet fur I ther to go before connection with the ore chute is made The BUCCCSB with II which the Century Is being operated has convinced the Golconda management I manage-ment that It has a mine ahead of it j and prosecuted with funds active work will be i I II I I Sioux and Utah Robert D Grant general manager of I the Sioux and Utah mines at Mam moth came In from the East where he has been conferring with Messrs I Farrel and Wallace yesterday and will Vclaco ycsterll wil leave for Butte where he Is maiiaginx I very valuable Interest tomorrow Upon tOmOl1OW tho future of his t I Tlntic properties Mr II I Grant pleaded that ho hal nothing J I definite to report at this time as ex I pcriments which have lOtIi prosecuted I IJ with the Peck process of concentra lion hal been unsatisfactory and the ton undertaking aftir the expenditure of I considerable money dismissed Mr Grant returns from the East in excellent excel-lent health and reports everything rallying on the Boston and New York markets In the former he reports Utah stocks still performing 1 very prominent part with Investors very much pleased with the achievements I of Highland Boy during the period embraced em-braced In the recent report Seven Devils Smelter Plana for the proposed smeller with which to treat the ores of the Boston Seve1 Devils company in the Seven Devils country are now being prepared by local talent and will be spread before be-fore Mr Charles Whltcomb on his return re-turn to town the last of the month In the meantime the hlghgrado ores of the mine are finding a ready market in this city where they are taken In hand by John C GrlllUhs and forwarded 5 for-warded to the Chicago Copper refinery j r Of these another lot arrived yesterday I ant was settled for on controls revful lug as much as 30 per cent copper Highland Boy Smelter Rob White general superlnlendonb o the Highland Boy smelter came up from the plant yesterday afternoon for his weekly conference with Cashier Poland and departed for the furnaces again last night During the week ho has forwarded to the refineries of the East 120200 pounds of copper gold and silver bullion and will continue the present production until the enlargements enlarge-ments are completed At the Blngham Copper and Gold Mining companys plant Mr > V 1 Nutting tho companys superintendent I superintend-ent of construction closed an energetic week and like what the smelter will look when the tires are started the visitor Is dally gelling a clearer Idea Superintendent McVichlc who was in from the bonanza at Bingham yesterday yester-day says that with the question of transportation between the mine and the terminus of the Rio Grande track disposed of he will he prepared before j I January Isl to supply the smelter with 300 tons of ore dally Down at Murray where the American Ameri-can Smelting and Refining company Is rearing Its 1000000 plant the work is moving at the pace at which all big bodies move and that the active overhauling over-hauling of the copper plant on the north and its adjustment to the needs of the brothers Lewlssohn will begin In f few weeks Is assured Ore and Bullion Settlements I In the ore and bullion market the week closed with settlements amountIng j I amount-Ing to 3CG153 as compared with 333307 1 I for the previous one The days settle I 1 menls were reduced to a total of SZ 0 1 300 divided as follows I McCornick Co Mingo bullion 5CGOO aurocyanldes 1800 gold silver I lead and copper ores 3300 T R Jones Co Germanla bullion 17COO gold silver lead and copper ores SCOOO In the metal market silver ruled at C1VJ cents nn ounce lead at 1 per hundred hun-dred pounds and casting copper at lovl cents a nound lOunt A Gain in Sevier I the metal market sliver registered I a gain yesterday of cent < ay an ounce with a clear gain of 1V4 cents since the I opeillng on Monday last and all settlements I set-tlements for the last day of the week made on 0 basis of CHi cents While the producer must share in the advance it Is the smelter that under its policy of allowing the market no greater amount than the market will absorb that really reaps the harvest I was those farseeing oracles the LcwiSsohn I brothers who months ago through a Boston publication admonished the le fineries of which they are at the head that there wns more money in waiting than In cleaning up the pots from day to day and It Is upon that theoiy that the market has been supplied Of ouIse they have taken into consideration considera-tion the value of the moneys that have been locked tip In the bullion but an advance of nearly S cents an ounce I since that policy was agreed to by the refiners has more than compensated I them for the nominal loss of Interest According to reports from the smelters the production of sliver since the amalgamation amal-gamation of the plants has shown a steady increase and yet at no lime the present season has the market suffered a glut And so i Is that the cleverness of the refiner Is beginning to assert Ilself in the higher price of the white metal A similar policy has been pursued 1 I pur-sued in feeding the demand for lead and copper and as long as it is observed ob-served the pioducers time smellers and I refiners must be benefited anc I could be done was demonstrated years j ago by the producers of copper in the Lake Superior country I Horse Shoe Gold Dust The second lot of gold dust from the now mill on the properties 1 of the Horse Shoe Mining company at Fay Nov was received In town yesterday and taken charge of by the resident representative of the Chicago Copper refinery where it wil be reduced to bullion News from the mine and mill is of the most satisfactory nature and while the plant has been In operation but a short time it has settled down to the most efllclent service Daldr Kelly formerly assayer at the gold gold I mmpln rooms of the American Smell lug and Refining company in this city left for Fay last night where he will enter the service of the Horse Shoe company In similar capacity Mr Kelly has attained an enviable har atained standing in metallurgical circles and Superintendent Superintend-ent Macfurlane Is to be congratulated I on having secured his services Tiutic Shipments The Miner reports the following consignments con-signments out of the camps of Tinlic Tlnlc during the week ° Cars of rc Centennial Eureka W UullonBeek 2 Eureka IIII1 5 Gemini I 11 May Day i j Gollva 3 Mammoth r Grand Central I Star Consolidated t j Carissa i i Showers Consolidated i Joe Bowers i Total if 9 In addition to this the Eureka Hill forwarded two cars of concentrates and the Mammoth two bars of bullion Matters at Tin tic In its review of the week at Tintic the Miner says I looks an though thy I BullionBeck company has a big thing in the new ore strike in the Sold Mul doon ground south of the main work Ings The ore chute seems continuous and carries a very high grade quality 1 of silverload sllerI < ore J A Beaman has taken an elghleen monthr lease and bond on the old Primrose mlue at Silver City He has I already commenced the development I N A Dunyon who Is working the old Tiernan ground In North Tintic was In 1 town Saturday lie reports the proper I I ty looking all right Gus Doctsch left yesterday for North 1 Tintic with a whim which will b6 l installed in-stalled on the Seranton the old Tiernan property I The Herald of Monday has n pipe dream about a proposition for 11 proper prpel tyowners in the south end of the dis trict to unite and send down a deep central shaft to drain all the mines and to work the different veins from the same So far as we can learn there is no talk In the district amid it is certain that no siuh action will be talen cerain I I Mining Note The Columbia of Bingham reported I with another a car of concentrates yes terday Another car of ore from the Kath j arlne of Stockton was marketed yes terday The recent consignment of copper ore from the Glen Erie of Marysvale wasp was-p I I yesterday forwarded to Canyon City j I Colo for treatment Five cars of concentrates from the I I I Ophlr Hill of Ophlr canyon were mar holed yesterday I I I Ed McCarrick has gone south Into the Mt Ncbo district to make an examination ex-amination of mining properties for local lo-cal parties Three ears of ore from Frisco live I from Ophlr canyon and two from Blng J ham constituted tho days receipts at the Taylor Brunton sampler I A telegram from the west announces the fomlng of Messrs Knox Holmes I I and Posey tomorrow after an examination I I nation of mining property In Arizona i The management of the Ashbrook In I Box Eider county has projected a luu I nel C50 feet Into the group lo serve asa I as-a future outlet for the companys ores 1 E D R Thompson departed for Sil vci City last night to inquire into conditions con-ditions at the Old Susan from which very encouraging reports have been coming The management of the Ben Butler at Bingham is much encouraged over Hircaks of galena that are making their appearance In the breast of the main I I tunnel Arrivals from Mammoth say that > drifting from the El Key shaft to conned con-ned with the Sunbeam vein at 1 depth i of 900 feet from the surface Is now in I I I prOgres Ed McCarrick who has returned after I af-ter an examination of the Red Wing Extension at Blngham reports the I 1 dump rapidly I fillingup with a good quality of milling ore I The directors of the Galena of Fish Springs held a meeting yesterday andS and-S received a most encouraging 0 encoulnlng report i from Manager Joseph who recently returned re-turned from the mine I The transfer books of the Consol I I I dated Mercur were closed on tho Initial I dividend of 1 cents a share yesterday I and on November Gth Secretary Cun i nlngham will distribute checks amounting I amount-ing to 110000 Lessees on the Red Wing of Bingham marketed another carload of ore of I I excellent quality yesterday The last payment on the purchase price of tho ground was made by the company the present month Manager Packard of the Star Consolidated Con-solidated who was in town yesterday reports a new ore bin going up on that TInllo property while very energetic ener-getic developments are going on upon tho JCOfoot level The Horn Sliver of Frisco reached the smeller with three cars of ore yesterday yes-terday Manager Farnsworth reports several letters from the East requestIng request-ing samples of the zinc ore that cx Ists In the bonanza Capt Egun of the Yankee Consoli dated and Secretary Muhlcnbrook of I the May Day left for Tintic last night In an effort to ascertain the exact whereabouts of the new ore body opened up by the formers manago ment Manager Hunt of the May Day who came in from the west yesterday suggests that tin better and more economical way Is to proceed with a survey although it has been but a short time since a survey was had |
