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Show ulniiLViliLI UmL j diiUffSirad UUuu Spring Valley Property Has Rich Ore Resembling That of EI Ccpitan. Excellent t'lovings or' silver ore ha e j teen developed ih'.s un.mor ua ve jr-'P- er'.y of the Arit-ric:ui Ktandard Mmi'.is company, vliicli is -situated ubuut tun j nu'ea iiortli of tlie jduncy Cixi.U mine I in the Sichell Creek vuiw, pri:.;; V::i-i V::i-i a da, according: to I.orin D. Uall. local niining- man. who rc-turuod to Salt Lake from the mine vest erda y. Amony those Interesred in the eonn.ny are W'n-lard W'n-lard Scowcroft ot Oydou, John AV. Scow-croit Scow-croit and Mr. Hall. Inasmuch as the company w.13 not prej-arvd for - connmi-ii eint-r opera -j lions, the recent storms madf ii inr,irac-ticEi.l inr,irac-ticEi.l to operate it. it is said. In.rhn-' tho next lew weeks Mr. Hall pirns 10 perfect the organization and to finance the company for an extcnsi o development develop-ment campaign. During the past summer development work lias been steadily pushed, according accord-ing to Mr. Hall. A "lit unci has been driven 1J5 feel i" cut a well-def.nod vein at a depth of 30n feet. The lormaiion is iueal for the finding of la rye deposits, depos-its, it is said. The veins occur in fissures in the limestone, lime-stone, near im rusive. dikes of porphyry. As a general rule the vein matter consists con-sists of quartz, copper, lead a nd zinc. A large oxidized zone, capped uve-i with iron, cut the formation. It is under this cap ores of commercial values are expected ex-pected to be found. Tho property is equipped with a blacksmith shop, cabins and all tools necessary for mining-. Timber Tim-ber and water for all purposes exist upon the claims. Very near the American Standard, the old K Capstan m ino in early days produced pro-duced great wealth from ores rich in silver values. Ore very similar to that found in the El Capilan, with chlorides, bromides and native silver, has been found in the American Standard mine, according to Mr. Hall. Assays of samples brought in by Mr. Hall show tho following values: An average av-erage of ore sacked and piled up for ; shipment shows 3 18.1 ounces of silver; a sample taken from the bottom of a cut on a silver vein showed as follows: Silver, 423.1 ounces, and copper, 3.55 per cent, it is said. Bails and Iiidu stria la. The following dip est of financial news wns received over private wire yesterday by J. A. Hogle & Co.: Large railroads of country sb.ow net npernt-in? npernt-in? income in October of $7li.050,777, against $StMM.4S(J in lft!)?. . The Nlpi?sing Mlnfs Co., Ltd.. declnred regu- ! tar qujtrtvrly dividend of 0 per cent and an : extra dividend of 5 per cent, payable January 20. The Panama Power & Light corporation declared de-clared regular quarterly dividend of l;;i per cent on the preferred stock, payable January li. The Pueblo steel mills of the Colorado Fuel & Iron Co. will be reopened nrst Monday, having been closed since September. Time for depositing securities of Maxwell & Chalmers motors extended To January 31. on j account uf deposits r-oi-ned thus far having been insufficient to carry through the plan. Bamett Leather declared regular quarterly dividend of l'-j, per ceut on preferred, payable pay-able January 21. London Cable, 53.73 : demand, $3.73".i . ParisCable, 10.30 per dollar; demand, 10.37 Italy Cable, 13.2-3 per dollar; demand, 13.27 per dollar. Germany 2.16c. Adoption of conference 00 Udce bill, establishing estab-lishing a system of Internationa I banking to finance f'ire'gu purehisr;rs of American good3, is expected in the senate today. National City bank says world's 010 trado total is S70,000.000,n00, against $14,000,000,000 hi 1914. Commercial bar siWer was 51.33'. today, an advance of H cent. Private cables froiu London quote bar silver sil-ver there today at 7fii pence, a up-w high record, and U pence above Monday's quotations, quota-tions, the previous top mark. Copper Spot, December and January, IS'-j'g 1Smc; February aud March, lS?.t t. 19c ; markut, quiet. Lead Spot. 7'e.71ir: December. 7'i7,o: January, February and March, 7.10(i7.2Uc; market, mar-ket, firm. Spelter FaE't St. Lou id, snot. Pe-'einbT. January, February aud March, $b. 15ijj S.23 ; market, easy. Sau Fraut:isco Mining Stocks. (As Reported by J. A. Hosle & Co.) Gold field !!' rict Atlanta 2 3. E-'-otli 5a. Blue Bell 1-2. C 0 D 2b. Ce-mb Fract 3b. Daisy 2b. Diamf B B 2a, Florence 40a. G-ddlield Con lib, Kewanas 2b. Jumbo Lxt ,!-,5, I one Star 4-5. Merger Mines 2-3, Silver Pick Cona 3-4, Yellow Tiger lb. Manhattan district Manhattan Cou 2-3, White Cops 10b. Grandma 2b. Spearhead Gold 4-5. Col Mt lb. Crackerieck 6-t. (i!lat li' nd 2. Com?tock district Con V,i 7..0-S.r)n. J'lntr X- Norcross 2b. Mexican 3Lll, Oplur l.OTt-i .02 1 . Savage 15a, Sierra .Nevada 15-11'. Uni'tn 27-2-S. Tonnpab district p.elmout 2 oa. Cash Uoy 6-7, Gipsy V'leu lb. Jim Cutler 21b. Ha lifa x lt'b. Midway lt'a. Mit Pitts EL 0b, Mmq. tana lrb. Mizpah Exr 5-6. Mjc.Nma -i ' 5f;i .' -'rtb Sar 6b. U-.bCue Eu!a 16 IT. lunopah Lit l.-"ib, West End 1.50b. Othv disfnetf Nevada IT: Us 2-3. Hound Mt 30b, West Toii'-'pah 0b, Divide 3.50-3.55. |