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Show Colorado and Utah lAlluence Is Admitted by President of Company. GILS0NITE DEPOSIT IS VERY VALUABLE Importance of Industry and Deposit De-posit Little Appreciated by tbo World. Special to The Tribune. GRAND JUNCTION, Colo., July 20. In tho western part of jNIcsa nud Grand countios, Colorado, and Uintah county, Utah, are located enormous do-posits do-posits of gilsonite, which has enabled tho General Asphalt coinpuny of Philadelphia Phila-delphia to do a business of $15,l-17,Ct55 during the past fiscal j'car. The company com-pany has been engaged in acquiring ex-tensivo ex-tensivo tracts of laud under United States patent in this state and Utah during the past year, which yielded enormous quantities of high-grudo asphalt, as-phalt, known as gilsonito. Tho corporate title under which tho trust has been operating is the Barber Asphalt company. The company built the' Uintah railroad, running from Mack, on the Rio Grande Western, to Dragon, Utah, a distance of fifty-four miles, at a cost of $824,000, to develop the. deposits. It is along the line of this road and 112 miles of adioinin" toll roads that tho rich apshalt beds exist. The past year is tho first in which the real value of theso vast asphalt beds were demonstrated. The annual report of the president says: "In 1907 tho largest percentage of tho conipan5's business, as already explained, was in the manufacture and salo of asphalt and asphalt products, which was made possiblo by the construction con-struction of new plants and factories, tho acquisition and development of the Utah and Colorado asphalt deposits and the oporation of the Uintah railroad." Tho company owns the whole town of Mnck, where it has a fino hotel and offices of-fices and residoucos for cmploj'ces, and a large town at Dragon. The immense business which this company may do in the futuro and the enormous riches produced from theso vast deposits, when more fully developed, can oulj' bo imagined. New York Mining Stocks. James A. Pollock & Co., bankers and brokers. 6 West Second South, furnish the following New York mining stock quotations, received over their private wire yesterday: LISTED STOCKS. I Sales. H. 1 L. ICIsb N'cwhouse S0(j 53 5i 5jj Utah Copper 8,700 371 34 36S Tennessee Copper . 1,700 353 35 35 jj NEW YORK CURB RANGE. I Sales. ,H. L. Clso Cumberland Ely 3,7001 3l 72 ST Ely Con lSc 15c 13c Dominion Copper ... 100 11 lj H Greene Gold and S j 3-16 1 Nevada Utah 2,275 3 23 21 Nevada Smelter l z l Mitchell .. 1 J $ GIroux Con 500 3fl 31 3 King Edward J a 8 Tintic Mining 21S 32 33 33 First Nat Cop 5 -il 5j Boston Con.. 300 12 12i 12. Nevada C-n 1,500 12 124 12S Yukon Gold 1,750 3J 3S 3 Mont Shoshone 500 SOc 75c 80c Miami Copper 7j 7 7j NEW YORK CURB CLOSE. I Bid. lAslccd. Cumberland Ely 8J S7 GIroux Consolidated 3 3 Nevada Consolidated 125 12$ Nevada Ntah 2J 3 N'lplsslng 7i 7 Newhouso 51 o3 Tennessee Copper 35fl 35J Utah Copper 36 37 First National Copper..... 5 51 Davis Daly l? 2 Dominion Copper lj 2 Ely Central l n Ely Consolidated 15 IS" Furnaco Creek 15 ig Boston Consolidated Ill 124 Yukon 3i 3,1 Miami 7 7J Greene G and S, com 3-16 J Mitchell j Montgomery Shoshone ... 70c SOc Nevada Smelting g i Silver Queen 107 10S Silver Leaf 12 13 King Edward J g Foster Cobalt j x Cobalt Central 34 34j McIClnley-Darragh 70 75 Tintic Mining 3g 3J Gibraltar 5 6 North Butte Extension.... 32 35 New" York Lottor. James A. Pollock & Co., bankers and brokers, 6 West Second South street, furnish fur-nish the following, received over their private wire yesterday afternoon; Wdlker Letter New York Tho markot' opened strong and became broad anci It certainly looked as if public were coining coin-ing In to a large extent. Prices continued con-tinued strong all day and traders took the bull side. The strength continued until un-til the close, and buying was of a very good character. Hill etocks were well taken. Expect to see this advance continue, con-tinue, as sentiment Is very bullish and the pools wero active bidding the specialties special-ties up. |