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Show iMm FLAG TO SOUNDJIINE DEEP Company Now Preparing lo Open Resources at Untouched Un-touched Deep Levels. GREAT TONNAGE IS AWAITING NEW MILL Workings Demonstrate Ore to Extend From Surface Beyond Be-yond Eleventh Level. One of tho happiest organizations in the state at the present time is tho American Ameri-can Flag company of Park City. For tho first tlmo in over two years tills company com-pany finds its affairs unrolling Just exactly ex-actly right, and tho officials arc preparing prepar-ing for nn energetic campaign of development devel-opment work at depths heretofore impossible. impos-sible. For over two years the manage-I manage-I ment has been locked out of the lower lovcls by the water that backed up I through tho inability of tho Ontario drain ! tunnel to properly handle tho saino, but with the reclamation of the tunnel has come freedom from these waters In the American Flag. It Is a pretty safo proposition that the ' stockholders of this company will not al- i I low manv, if any, of the bonds recently ' authorized to be absorbed by any but j themselves. As will be recalled, the ! stockholders recently authorized not to exceed $150,000 worth of 7 per cent gold , bonds, of the denomination of $1500, for i a period of five years, redecmablo at any interest porlod at 105, and to be subscribed sub-scribed at par. Not all of this amount may bo required by the company, but a portion of It will go to construct a milling mill-ing plant for the purpose of treating the splendid tonnage now available In the mine. Local circles do not appreclato that for tho past four years the American Flag company has been a steady monthly shipper ship-per of high-grade oro to tho market, during dur-ing which period a largo amount of development de-velopment work was accomplished. Tho development work of tho past year especially espe-cially has bcon confined to tho upper levels, where the milling grades of rock have predominated. Tho oro has been followed continuously from tho grass roots to tho 1100-foot level, and tho amount of rock now In sight olevates the proposition from tho prospect to tho mine It Is of interost In connection with tho bond matter to mention that some highly gratifying milling tests have been made on tho ore in order to demonstrate tho exact treatment requlrod for value saving. sav-ing. It is states that better than 90 per cent saving can be mado on rock averaging aver-aging 27 ounces silver and $2.20 gold per ton. At the roccnt meeting In Park City thcro were 477,260 shares represented out of the 500,000 shares capitalization, and the action on the bond issue was unanimous. unani-mous. In addition to the Park City stockholders who were present. George H. Rathman. E. B. Palmer. George P Hol-man Hol-man and John Calne, of Salt Lake Clly, were present. Thomas R. Brooks, of Scranton, Pa., a well-known banker and coal man, and J. A. Keene, a capitalist of Chicago, both prominent stockholders, wore also present at the meeting, all making an inspection of the mine. Tho search of the American Flag at better depths than thoBe now had will be watched with much Interest In local circles. New York Mining Stocks. James A. Pollock & Co.. bankers and brokers. 0 West Second South, furnish the following New York mining stock quotations, received over their private wire yesterday: LISTED STOCKS. " Sales. H. I L. lClse Newhouse 200 ul 51 5i ' Utah Copper 600 343 314 34$ Tcnnessco Copper... 300 361) 35 35g NEW YORK CURB RANGE. Salcs.l H. 1 L. ICIsc Cumberland Ely ....J 1,200' 7J 7$ 71 Ely Con 18c 17c 18c Dominion Copper ... 200 15 1 li Groone G. and S.;., 500 17 17 17 Nevada Utah 1.300 3 3 3 Nevada Smelter 1 I 1 Mitchell : i 1 Glroux Con 340 3J 2i 33 King Edward B 1 i Tlntic Mining 31 3S 3 First Nat. Cop... 800 41 41 41 Boston Con 500 12 12 12 Nevada Con 1,000 121 12J 12$ Yukon Gold 270 21 33 3i Mont Shoshone 3 g 3 Miami Copper 7j 7 71 NEW YORK CURB CLOSE. I Bid. Asked. Butte & London 35 45 Cumberland Ely 73 S Glroux Con 3 31 Nevada Con 12 123 Nevada Utah 2 15-16 S Nlplsslng 7 7S Newhouso 53 51 Tennessee Copper 35$ 351 Utah Coppor '.. .31' 34$ First National Copper ... . 4 4$ Davis Daly II 21 Dominion Copper 1J 2 Ely Central ...... 1 1J Ely Con 17 18 Furnace Creek 15 17 Yukon 3J 3 Miami 7 71 Greene G. & S. corn 17 20 Mitchell $ 1 Montgomery Shoshone .... B 3 Nevada Smelting I 1 Sliver Queen 1 1-1G U Silver Leaf 12 14 King Edward ... 1 3 Foster Cobalt ...... 40 50 Cobalt Central 31 341 McKlnley-Darragh 70 75 Tlntic Mining 3? 31 Gibraltar 5 G N. Butto. Extension 30 31 . Second installment paid. San Trancisco Mining Stocks. SAN FRANCISCO, July 15. The official offi-cial closing quotations for mining stocks today were as follows: Andes $ .09 Justice ..... .01 Belcher .... .17 Mexican 4S BeHt & B 44 Occl Con ... .18 Bullion 07 Ophir 2.35 Caledonia ... .07 Overman . '-.06 Chal Con 04 Potosi 07 Chollar 13 Savage 16 Confidence .. .35 Scorpion 04 C C & Va... .55 Sag Belcher. .02 Con Imp 01 Sierra Nev .. .26 Crown Pt ... .20 Silver Hill .40 Eureka Con . .14 Union Con .. .23 Exchequer .09 .Yol Jacket. . .32 G & Currle.. .16 1 NEW YORK MINING STOCKS. Alice 2.25 Ldv Con ... .08 Breece ..... .03 Lit Chief ... .08 Bruns Con .. .06 Mexican 41 C Tun Stock. .25 Ontario 4.00 do bonds .. .11 Ophir 2.30 C C & Va ... .55 fSmall H IS Horn Sliver . .50 Standard .. . 1.75 Iron Sll 90 Yol Jncket .. .28 - BOSTON MINING STOCKS. Adventure .. 4.00 M C & C 60 Allouez .. .. 30,00 Old Dom ... 35.25 Amal 09.50 Ouocola 101.50 Atlantic .. . 14.50 Parrot 24.50 Bingham 75 Oulnry .. .. 67.00 C & Hecla... 665. 00 Shannon .. . 13.S71 Centennial 25.50 Tamarack .. 64,50 Cop Range 73,50 Trinity . ... 13.00 Daly Wost .. 11.00 Unit Cop 7 00 , Franklin 9.50 TT s Mln 35.75 Granby .. .. 97.00 7; S Oil 23 75 Isle Royalo . 20.60 Utah 43.00 Mass Mining B.60 Victoria .. .. 5.2c Michigan .... 9.50 Winona .. 6.13 Mohawk .... 61.60 Wolverine ..133.00 SHiHP9iSHI |