Show RICH ORES O1iiALENA New Disclosure and Most I Sensational Values 408 STUFF IN SACRAMENTO A Sn all Fortune Already TJnccvcrsd in tho Mercurial Ores Con Mercur Poets Another 530000 Dividend for July Silver Makes a Slight Gain While Copper Sacrifices a Point Shivinul Bondholders Want Tl to Redeem Its Paper Incieased 4 Shipments from Tonopnh From the ropcrtlcs i of the Galena Mining company at Fish Springs In the Deep Creek country ar coming l sainpls of ore that are rapturously reminiscent of a day when Jim ChIp inun opened up a chamber on which he I drew for ores of the value ot over I 5175000 and then transferred the territory p ter-ritory to the present owners It was I with the same samples that Harry I Jo I Fcph stole Into town on Sunday after several days at I camp and from which returns were bad yesterday Tiey were both taken fiom the same vein although al-though cine oC them showed G75 percent per-cent lead with J211 ounces silver while the other afforded IS per cant copper with 1DfS ounces silver and ICl yokl per ton The strike In which tlnse rlfhcs occur was mado at a point on the GoOfoot lecl no less than OiO feet wcKt of the t > haft and in line with the Ohipnmu slope altliouprh nearly GOO feet 1 vertically below It Discussing It Manager Joseph s xid he desired particularly partic-ularly to InpresM It upon the shareholders share-holders that the hlRlipraOc ore Is l occurring oc-curring only in bunuhcs although the vein shows a width of six feet bc twoon walls aid la I raising to t the sur I fjicc wllle prtservlnfc a AvcSldcHncd course below the I level on which the vein was encountered In the t meantime mean-time the tuff which has a valuation of F about f > 0 cents a pound is being sacked as the Sarch for the main body along the strike of tin ledge goes on That the ore is similar to and In Hue with I that from rthhh Jon James Chlpnuui I of the Utah National bank icciulred o much In the early annals of Fish Springs inure h > no doubt although this Is tho first Line hat It has been cn totrilcrcd at depth The tlrhv to It actnss the country has been a long anrt I expensive one but everything now Indicates In-dicates that the company will be adequately ade-quately rcwiiided The olderworkings in tho Galena are in I the meantime af fordIng somo ore of sood quality and another Fhljuncnt will arrive ii short time SACHAJMENTO QUICKSILVEB Samples Thai Show a Valuation of 5408 Per Ton Were a bidder to offer us 10000ff for mining the quicksilver ores without rofcrtiJc to any other In the Sacramento Sacra-mento 1 i would advise the company lo reject It siid Glen It Gotlnrcll manager man-ager of that Mercur proposition yesterday yes-terday afternoon as lit opened up a < ack of xhe ore lu < iuestion and spread us contents before a cluster of shareholders share-holders What wo have exposed may C not have a value xotciJIns 0000 he added but the proipcct In my Judgment Judg-ment Is worth many limes that sum Manager 3o well had returned frnm thC ptoporiy the previous evening after aft-er devoting particular attention 1 I to the I disclosure of cinnabar along the porphyry por-phyry dike by which thu vein has been straightened up and with which the almost al-most perpendicular conformation of 3 which It Is going down positively fis surelike Firtber inquiry Into tho strike revealed thrit the mercurial ores had been followed by Superintendent Cochler for thirtylive feet and tbr t the wktui wjisat least eight feet although no crosscut has yet bccn run However How-ever the ore appears on top sIdes and bottom and Ib exposed In HIP fice of drift for th3 full distance Indicated and under the scratch of a knife blade or pick become as rod as vermillinn Samples brought up by Manager Both well ard submit ted to Hob Omcer the metallurgist iiiov a valuation of S10S por ton In ciulcksllver and gold although al-though the latter metal figures but fractionally in the srosi worth of the substance which has awakened so much Interest and whichpresents tho big gold camp In tlc light of a now porslbillty Tho management before ordering the construction of a retort with which 1C reduce the quicksilver lo comirercKil form has decided to ex pcrlmont a Httlc and to that end has obtained the te of a retort that t was ussd by the manafccmcnt of the old 4 Marlon miw at Mercur many years aqo In tin reduction of quicksilver ores found in thorn This will be removed to thfr Snrrimento at once and the trials on the ore begun In the meantime mean-time the electc motor whichhas been delaying Ibo startup at the new mill has been repaired and will be forwarded forward-ed to camp the present week the plant to begin Its work a few days later COW MERCUR DIVIDEND Another Distribution Ordered for Julys Needs The directors of Con Morcur met ns scheduled during lie t afternoon 1 ami poHtcd the regular dividend of T i cents a fihirr or 00fji Thin Is the ninth of a series that I will have bcon distributed since the coiiiolldaton of the t properties proper-ties The latest will be paid on July Sih next the transfer books to reopen after being closnd for twenty days prior to the annual I meetIng of shaiciholdirs as required by the laws of NV v Jersey on July 10th Thr local olllces will be represented at the annual meeting on July 7th by George Dtni manager ami mastircr for iho I company and whllp the management will not anilcipato Its 1 annual rupuri It will present the I Viol osldon In belter and blggor form than at any period Ih Us history Ore and Bullion In the ore and bullion market the days settlements amounted to iviOi M < Cornicle CD reporting them as follows fol-lows Germanla bullion I I 0000 gold silver I sil-ver lead and copper ores SiSfiOO In he tnetul I market silver ruled at ftf i cents an ounce lend at so per hundred hun-dred pounds and casting coppur at ll cnta a pound SILVER GAINS COPPER LOSES Highest Point Reached By Former Since Last April In tine metal market yesterday Hit fcclllny jirlcf of silver was murl > d up to 51 cents the hlyhcnr point It has rcachid nincc Apill ICth Inyl when It rnlid at antI a few hours latir had a I iimrlvrrmiL rllppcd from t 1 Slnro then its expurlencr has been a groggy one the market on April 21rt llatten ing out to > 0 > c cent an on lire or HIP I lowest point lo I vhlih It I waw ever allowed al-lowed to diocmd Its tvcovtry Ijnu bortn jirovolilncly sluggish but the pu k ducer IH none HIP less apprecIative while not a few are Islojiarlcs enough to be Jlcvc that better prices arc possible oon after the adjournment of Congress Con-gress While a gain was being recorded record-ed for the white nnUl however the producer found the 1 loral settling prloc of I copper reduced a point or to 11 contu though reports all agree on the incrcasvd couMiinptlun of that metal THE MINING EXCHANGE DrJy West Sets a Hot Pace for the Local Shorts Tho day on the mining exchange closed with the siale of 27s5 shares oft of-t > for jOPOiilJ and with the shorts have nt Intervals well under cover Duly Du-ly VtSt again In the bend set showed l3 buoyancy almost < if Its I Let days and without I turning a hid climbed buck to S IS wllh C but few uharos coming out whlk ion Mercur was not Iou enod up until i I I a bid of SJ WIN rcaohcd Sac laintiiito with t the InipcrtlncncO I of the rocont Htrlko of quicUllver Jtwt bishi ning I to dan on the t talent was actively I otighi up 10 LlM cents while CarLsa was mnvotl ahead lo 7 and 1iUlc t Sam to I 12 Yankee ton was dragsel tlnougli nn experience that t bore It I down lo lli l spot wllh l the shorts selling it at 111 on a fifteenday delivcvy while La flhiic slipped back lo iA on in till londim of iOOO nt i t the eloslfiK session Daltou of Maiysvalo picked up a IUH lomcr at i j oentfc with Victor changiiu hands at JOr juul < ilionila at lV the day closing on the following market A M Call I Bid IAskodll Hid Asked Anchor J I mi zoo AJiix 23 II AlbKn o 50 Alice I Mill IDeck M rro lien limit lmr iXU O California l2 i iJ Cartea if71 i = T Ceiiliirv 11 rtn OHI Mercur i i1i fli m j i naly I 2K Duly Weal 115 l7 1750 Dalton 112 0i Dexter 11 I Imorald KiKl BB S M 1S Uiilenu is I IS Or Central 2D i10 0 Oold KaKle Morn I Silver 1 110 h Incot I fl1 ll Jot HowiTs 1 ftt 01h 011 Little Chief M 11 Inwrr I Mam 121 121 121 eimie QJ 10 I Mammoth 120 llr 12 1 Manhattan II lOi2t fH Ia ly Jiiv w Ini 20 Mar Wash mi 02 i m2i Nor Light ni Jn Ontario 725 lOt 70 ltmo I 07 11 io ttIIhuJ Ana Sunshine 20 Swansea 1110 S Swansea 31 I 52 1ucmmm2llciIL 21 5 21mi Silver King sooo rftar Con j 15 I 21 1 Showers < onI Ol 311 Shield ov 17 012Z lei rn I IL LO 20 Inllid Siui rM tncle 5 j Con il1 i nt Ilnh < t 52 is 52 Viiko II 1 1 1 12 viclor 20 21 20 21 U Morn CS 0Ii J oi9 OPK oil Vanki Coni Kll I 1 I 115 MOltING SALES Cnrls K io it 27c H > 27c seller thirty nst Ajax H 0 at V o1 ° it nsdr lays f01 at 7e JfVJ at 270JC oOO at ITsi1 lor sixty day VO at 27ic SacriMn > 5W at JPtC 22V at 2lc I mine Sain 300 at J2c Conuiry 5i I > o at 2Hc seller sixty lays Dalnim tOe at Ic La rteiii 200 at HH Tetfo SOi at 201m F VV at 2 1nc 00 at 20e > st Morning lorv py > 0 nt 1c Yankee UO at 5125 1V 111 SI21 seller thirty days IIH al 121 100 at J12H 100 at 1 ifio nt Ji 120 seller thirty days lVi at 120 100 at I20 JOO at Sl10 Shnrcs sold lltw Sellln value 5125237 OP15X HOARD Yankee 104 at SL17M 500 atJI15 seller thIrty days sJhiirc5 sold CCO Selling value ir2ro AKTKRMOOX SALES Con Mercur 100 al J2 Daly West JO at 517 r 0 2o at JIS Lower Mammoth 200 at l21 Mammoth itO at I St 20 Sucranitnto MV ai 2Pc 1600 at 2lc Hen Butler 1100 at 4c California 50 < 3 at 2c Ia Itciae tAx ai > e 1500 at 3Uc ICO at Martha ashlnston KK at 2c Victor 2i at 20r Yankee Con liP al SI l17 100 nt JUG 20J at ur KM at 51irj i 100 at JlJI nolle thirty uayj at 5111 Holler llflcen days hhasos siold h175 Slhhlhilg value Sl707n OPEN BOARD Cailna oOO al 27c Liquidation iu Boston TRILJLNK SIKUIAJ Boston Mahi jure 21The Illness of Kim Jidward had Us effect in the copper market where the shares weakened weak-ened materially under the lead of Amalgamated Amal-gamated A good deal of long stock came out dui lug Hie day and was helped tloiig by traders who worked for lower prke In the 1 early hours Inking advantage of the liquidation In the afternoon to cover their shorts Daly West wis the exception ndvanc Inp i wo point to 57 on Increased divi dend talk The market oloaod at the advance hut displayed a heavy tone throughout I IToinblowtr AVccks brokers tVJ State street Boston and 10 all atvci New York furnish the following quotations Amalgamated 5JGO ii < 2 O23J JGJOO Iinham JSV Oi 3100 3200 Daly Vuat > su J7 m tab W5 2Im 10 Inkcd States n IliH Mcrcur rK 11152 Mohawk 7 s > 10W LJ75 402 Cuirliflostoim II0ij I12 HR LAFAVE RETURNS Found Something to Which to Pin His Energies in Arizona After an absence of two years durhipr which he has been prosecuting I I develop munlM on the Midnight i t group of mines out of Clifton A mIx that promises to afford him the fortune so long sought A Lnfave the veteran prospctor and mining man came in from the I sou Hi yesirday lo confer vlth II I 1 JL 1 Itca why has been IOIIR Mssoclated w ith i t him in time Jinderlaklnp The mines I on which over iOD feet oC development has now been dune show a blf vcin which is productive of gold lead and silver enld Mr l i Lafave I m and everything Indi vattH their development into all Unit has b on indlclcd for tbtm Mr Lafavo returns to town In excellent health al though visibly reduced in weight I and icportp much interest now manifested In tlii mines of Arizona wh < Me i the Salt l jikcr baa made his appearance In con uldcrablc number Tonopahs Rich Ores The Hinultcrs of Salt Lake valley and the new management of time Southern Pacific have gone to the relief of Tnno pab Nov orcs and according to a smeller smel-ler man who li > convorHiint with lie situation sit-uation there IH nothing now to prevent the output of the new camp from coming com-ing sleadlly upon this I market The pioneer company Jn the t camp Is forwarding for-warding nut a small amount I ar In I also tIme Fraction In which the latest sirlko WOB rieordud while the oron offeree from JOO lo S100 per ton proiin Here Conllnuod on Page 7 RCH ORES IN GALENA Continued from Page 6 loforo the pioducor whim ivas driven to I tt ti he PacUHi plants has boon able to mar i tot only what the smellers along HH Khorcs t would aroepU but with the Salt Iiiko 1 t niarkcM open to them the output should bo more than doubled In the next 1 lincty j dayM WANT THBIB MONEY Shawmut of Binjjhrm Beqvicstcd to to Bcdccni Its Bonds The State Street Trust company of Boston yesterday in I th i Fodoral h court entered foreclosure proceedings against time Shawmut kilning l company of Utah and In the bill of complaint alao named Stephen IJayt tmd Iho I Hlngham Coal Lumber company as defendants by virtue of the fut that they are Interested In-terested In the Shawmut company According Ac-cording lo the complaint t tho I State Street Trust company on Jammry let idol Issued SoOflOO worth of bonds to the ShaAvmul compan Those bonds which wprp secured by a mortyago on the property of the Shawmut company were payable In five years with Intcr est at the rate of 7 per cenl per annum an-num The complaint further avers that the I mining1 I I company not I only I refused to pay the Interest hut 1 neglected to insure Us property leaving this to the trust company Owners of the bonds of the Shawmut company arc also dissatisfied dis-satisfied with the I mining compnnjH actions according lo the complaint for It is alleged that holders of more than S13000 of the bonds have requested the trust company to Jibe foreclosure proceedings Of the many propositions launched at Binghum none began 1 heir career under un-der more favorable conditions and yet the Shawmut came to grief before its concentrator hat I had been erected at considerable expense was warmed up Want Smelter Hands There has never been a period In smelting oC ores In the valley when It was so dlllletilt to procure labor with which to meet the requirements oC the furnaces said a local manager yester day and unless relief Is soon provided it will be necessary to call on neigh boring States for material wltlf which to supply the shortage Indeed smelter labor Is o scarce as to have crlpplc1 at least two of the plants and at least 200 men are now wanted by them FIXING ITS VALUE Receiver of Buttcrficld Says it Is Worth S400000 The Buttcrficld Mining company cases were taken up by Judge Hall yesterday the first mailer coming before be-fore the court being the petition of Receiver George W Keel for permission permis-sion to sell tIm properly Mr Keel testified that he considered the prop rty worth 100000 and added that this amount could have been secured for It at one time The order authorizing the sale was then entered but it will probably prob-ably be some time before it is consummated consum-mated The claims against the company com-pany aggregate SIFUOOO the largest claimant beIng Jullcn Potln a wealthy Parisian who scoured a judgment airainsL the company recently for over mOOO Next Is Stephen Hays who secured judgment for over IOOO nnd In addition to these there arc a number of other claims Including labor claims After the order authorizing the sale was entered the matter of the priority of claims was taken up for determina tion Mining Notes The Conklln sampler reported a car of ore from Tlntlc yesterday The conslrrncis out of Tonopah Nov had six cars ot ore on yesterdays mar Uot Archie Mllncr has returned to town after a yrolruatcd abiicncc of several weclcr Tho South Swansea of Silver City reached the Gcrmunln with five cars of ore yesterday Cal S 13 Mlln < r has deferred hla mys tcrlnua voyaKu to the Iron donoslts on Iron mountain The management of the Mammoth of T lutlc hud another car of ore at tho Germanla smelter yesterday Dr John Tucker superintendent of the Gcrmnnlan furnaces was up from that sntal IU > r durlnrc thin afternoon Milan Packard manager of limo Star Con of Tlntlc took down a check for another lot of ore resicrdnj The Horn Silver of lrlsco reported at this smeller with a lot of oro that half u dozen cars were required to handle yesterday Lorln Morrison who has been cast for some llmo on business that Intoresta I Yankee Con shareholders hi headed for home utcaiti The dayn receipt at tho I Taylor Rrunlon sampler couslatcd of thx cars of ore from Tlntlc six from Frisco nnd a half dozjn from Nevada C C Shaw ban resigned his position as foreman of tim Plttbburj Minim com pany at Caribou Jda and Is In town he I guest of Mrs T B WJldc his ski ter Rumora of another streak of high crade ore In the Dalian of Marysvalc moved Its shares a little on yoJUcidavs market but otherwise no one was ex cited The arrival of Samuel Xowhoiiflo of Iho Cactus of Frisco In not expected for several days mitt lii Manager Coleman yes terday ius other Interests arc cnguliur hie attention The ennui have just pulled out of Fish Sprlncs In Deep Creole with another lot of hlirh grade ore from tltn I Utah mine The company still huts a July dividend under aerlous consideration Col Matt Daughorty assistant manager man-ager of tho WabaHh companys Park City property has returned after a visit to camp and t reports the main work now progressing along the utrlkc of lie vela MamiKCr Jonua of tho Amoi lean Smelt hug company reported 1 tbo I initial I furnaco u In the new Murray plant working with the precision of an old timer I lust night and bullion pouring at regular intervals i from Its trough William Stranzc of ho Lc Rol com panys stuff at ltoisslut rah IJ C Iti down i from the t north talking It over with u itta brother Vivian who leaves for Don Mairulras Kl Dorado lead mines north of Orden this mprnlng George fC Klueher who la nunerlntend I Ing the t roiiHlriirlhm of l lie bIn itid Slates companys smeller on the banks of the Weal Jordan river returned after a visit lo Anaconda Mont l and with the t pro ireu > of coimtruction on time new plant Is much ikased The Gruud Central of Tlndc was represented repre-sented In tovn yoMcrduy hy Lafayottc I lol brook Its pivsidciit t and Horace I Fl dredge In metalhirglHl Tho effort now Is to twcliri tho Short Lino cxln lon lo t tho big dump that the loading of Its orca under the new tariff may begin Oil Flakes Tim Grand Oil company linn siireocded l In placing B0010 sluiroH on tho Chicago market and art nearly ready to begin work Walter Fllcc of llm kilter Oil company returned yenlerdny from the llelds lie I I has been engaged In making the final i survey of the companys lands In tho Green river lldda After ueyoral weeks of unfortunate dn lays the I Iossll Cotimmol Iii uitcui Oil I coiapitny of the lioKsIl oil fields his re nniU operations ope-rations wllh renewed energy and Is dc terTlncd to alnk their well to oil Just ao IOOI aS POHHibhv J X Younir a well known Call forni n oil man IK nhlpplnp ii L rig to tlu Just of Grrun river and will bogln slnlkng at once Tin1 machine Itt what Is known asa as-a hydraulic drill a kind of machine never vet tried In lime Itah oil Jloldti Tho site clioivn for the t well In uectlon 33 townnhlp 21 south nmgc 17 Thlu section sec-tion ID contiguous to I thin property of tit e Grand Oil comnanv The TrlhunoM WashhiKlon special considering con-sidering the Sutherland oil bill I waa thu topic i of connldoratlon among oil man yes teriliii There was eonsldorablc natln fartlon expresHtd that I anything had been done at all at title scuslon or CongreuH The clause regarding asHiiKimnt work Is i a boon to lie oil men as it given a measure meas-ure of relief to the Industry That the committee had seen ill lo report against Hi I lust uectlon which was the most 1m nortant lo the western oil men wan a matter of morrit All expressed them uelves i au thiuiltful I no much had been accomplished but I are I determlne < l lo bring the I h matter before Congress again feel Imr sure when the t needu of thr Industry uro i full understood lh law will not be withheld Aa It Is It eonrKlfi the locator to sliow tho actual nrenence of oil on tin ground ai In the mining for preclutin metals and to follow the I letter of the law requires drilling and tho bringing In of a well In order to make a valid local lo-cal Ion The New York ami Ilah I OH company have ohinsud their plans i and are n6w moving the I machinery to I township t 15 aouth rh Tune K woit Tile new elm u chosen Is about eltiht miles from MouiidM station on the Illo irnndo Western and Jtmt i Houili t u of I Griuoy Trail I I oreck This I chaniri1 hiii been brought a intuit by ar rniiKmiMils made Intoly with owners of oil lands in Clark valley |