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Show ijALT LAKERS OVEB- LOOK VIRGIN FEB J. K. Persons Certain This New Region Will Hold flic World's Record. "When I told people down in Virgin Vir-gin City that I was from Salt Lake, they gavo nio tho horse-laugh," said J. K. Pearsons Friday. "Tho reason why they did so wns that this city had passed up Ihe Virgin field, permitting California and Nevada and Eastern points to got ahead of them "both as to ground and furnishing supplies for tho operators. It is a shame that local money has not gone moro into this field, which I consider the grc'itcst oil field, or the making of ono rather, tho world ever knew. - "i talked with oil experts from all over the countr-- one. hnd had 45 years' cxporienco in the business, and he wns alive with enthusiasm over the field. Tho opinion down thero absolutely was unanimously in favor of the possibilities possibil-ities of tho Virgin oil camp. Thero arc 14 rigs now working, and five wells have oomo in with oil on arriving at the. first sands. Tho No. 1 well of the Virgin Vir-gin Hiver compan- is pumping out oil, and hus been doing so for thrco months at the rate of 20 to 30 barrels per day. The field so far has boon proved by these wells for a width of from six lo' seven miles, and for a length of four and a half miles. "I deem it the center right now of possibilities for all Utah, and Salt Lake certainly should take a more attentive attitude towards a field that is within a few hours' comfortable ride of their city." New York Mining Stocks. . James A. Pollock & Co.. bankers and brokers. G West Second South? furnish the following: New York mining Block quotations, received over their private wire yesterduy: LISTED STOCKS. I Sales.l IT. I b. IClse Balaklala I l.POi) 2 Is 1? Xcwhou.se 200 01 CI Gi Tonn Copper 100 27 27 27 Utah Copper 'iOO log lo 15i NEW YORK CURB RANGE. I Sales.l H- I L. IClse Cum. Ely t 1 115 5i 5 51 Dom. Copper ..I 150 2 1 H Nev Utah ' I -1.000 21 2 24 Glroux 1 500 .1 3i 3i NEW YORK CURB CLOSE. 1 Bid. Asked. Newhoime CJ G3 Utah Copper 1G li Nev. Con 72 7i Cumberland Ely SI 3 5 Balk 12 1? Klnp Edward it i Nlplsslnjr fi Gi Davis Daly . 3J Glroux w 3 V,k G. G. and Silver. .. 1 0-1G Nevada Smelting l.i li .Mitchell 9-10 3 Nevada Utah 25 2 It-16 Silver Queen ' i 3 Ely C n S 'i Dom. Copper IS 15 Ely Witch -4 li Gibraltar 12 1G Tintlc 25 :! Monlgy. Sho. .fff -II 5J Butte and 1 3 I Tenn. Copper 2G 2J Mining Notes. K. .J. Bruneau returned Friday from a business trip to New York city. Managing Director A. F. Uolden.' of the United States company, accoinpnnled by Manager Loon, of the Kenneit properties of this company, reached Salt Lake Friday Fri-day from California. Grant Snyder, manaser or the CM I It Mln-inpr Mln-inpr company of Ophir, stated on returning Friday from the mine that the new ore chute opened up by the west drift from the upper tunnel Is showing several feet of fine lead rock. Rumor hns it thai the Colorado Mlnlnp company is preparing n car of silver-lead ore for tho local market that will break all previous records of this organization. H is understood the car will average 300 ounces sliver and 70 per cent lead to the ton. A company doing very little worrying right now in spite of tho general unsatisfactory unsatis-factory conditions in the West in the Nevada-Douglas, which continues lo bring forth its coppor lock-, the result of puro development work, with regularity. A lot was received Friday on which the assays showed values of IS.3G and 18.10 per cent j copper 10 the ton. |
