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Show Ml l UNDEBTONE HARKS , pWSfJWfiEXCHSNGE shares of the capital stock and that the directors Tiave not kept up the de-velopmenssswork. de-velopmenssswork. He ask that a receiver re-ceiver be appointed. Assistant Manager M. 3. Dalley of the Silver King mine In Park City is down from camp this morning and ays that everything is moving along very satisfactorily in his section of the State. Ed Hoffman, who presides over the destinies of both the Carlsa and Silver Shield properties, came In from Eureka Eure-ka this morning and will run out to Bingham during the day. John F. Connor, a veteran mining man of the Stockton country. In U city for a few days to lay In supplies for some of the future dividend-payers In . that neck of the woods. On Friday afternoon there will be held the regular monthly meeting of the directors of the Uncle Sam Consolidated Consol-idated Mining company, and it Is probable prob-able that the regular dividend of $5000 will be posted. The assessment levied on the outstanding out-standing stock of the Little Chief of 1 cent per share will be delinquent on March 6. ' Immense ore bodies that were blocked out There is an Immense tonnage of milling mill-ing ores In the Howland and Bralne Assures, while the first-class ores, which show an average value of $55 per ton, have been developed to a depth of 200 feet and show a width of five feet, giving giv-ing a measurement of $1,000,000 worth of this clans of ore that can be sent direct to the valley smelters. Manager Jacobson announces that the winze will be continued to depth of from 400 to 600 feet, which will undoubtedly show ore of the same grade .the entire distance, and will afford the management an opportunity op-portunity to show an increased product blocked out. besides making an earning of not less than $2 per share during the coming season. AFTERNOON CALL. ts ) Kagle and Blue Bell was again a feature of the afternoon session of 00 () the mining exchange, and with the satisfying of orders for only 400 () shares, the price rose to 22.96. while (j) w Lower Mammoth turned over 1700 M shares at an even 33 cents, and () Butler-Liberal made transfers of ) 750 shares from 13 to 13 cents. () Beck Tunnel wabbled back and forth between SO and 52 cents, with w the release of 3100 shares. ID DEEP MINING PROBLEM ' MAY NOW BE SOLVED The old officials of the Mammoth Mining Mi-ning company were . re-elected at the annual meeting of the company yesterday, yester-day, including Samuel Mclntyre, Sr., president; Samuel Mclntyre, Jr.. vice-president; vice-president; R. M. Wilkinson, secretary, who, with A. B. Sawyer. Bryon Groo and F. D. Clift make up the board of directors. Superintendent Mclntyre in his report showed that present Indications Indica-tions in the mine were favorable and Justified him in the belief that valuable ore deposits would be found at a depth of possibly 400 feet below the present level in the mine, which Is 2100 feet. If developments prove that Superintendent Superin-tendent Mclntyre's conclusions are correct, cor-rect, there will be a new epoch recorded In the annual report of the mining industry in-dustry of Utah, as deep mining has-been a problem that has never before been solved In this State. In addition to the expenditures made necessary by the building of the Cherry creek water plant, the old one having been destroyed by fire, and improvements improve-ments in the equipment of the mine, which footed up in the neighborhood ". $10,000. the secretary's report showed that there was an addition made to the surplus during the past year of $12,727.83 from the sale of the product of the mine. ORE SHIPMENTS. f' Tayior-Brunton have released 00 eight cars of ore from Tintic, two () cars from Bingham, and one car from Stockton. The Pioneer sam- () pier has released one car of ore ) from Bingham, two cars from Aita, and one ca. from 8tockton. Trading on the mining exchange this morning was limited to the selling of 13,88$ shares, for "which the purchasers shelled out the sum of $7327.75. ! With few exceptions the prices of the propositions propo-sitions that participated In the transac-. transac-. tions of the morning showed substantial gains, and in spite of the fact that the trading , was greatly teduced there was an undertone In the market that indicated indi-cated that prices were to be boosted in some of the meritorious propositions. . Eagle and Ilue Bell was the feature of the morning as with the filling of orders or-ders for 225 shares the price was run up to $2.85. while New Tork continued to be in good demand at prices averaging above 19 cents with the delivering of 6600 shares. On the open board Carlsa, was moved' up to 25 cents as 2000 shares were marketed. mar-keted. Columbus Consolidated broke back to $4.96 under the weight of 961 shares that wars thrown on the market; Littltt Chief loosened up 1000 shares -at . SV4 cents;- May Day got rid of 1100 - shares at 15V4 cents; Victor Consolidated Consolidat-ed closed up the morning's trading by , floating 2000 shares at tt cents. The closing quotations on tne regular .order of business were as follows: - Bid. Asked. Alice $ J.75 $ o.OO AJax 29 .314 BBlIion-Beck 1.00 1 .... Carlsa 2i .25 Consolidated Mercur 61 .64 Daly-Judge 9.00 10.23 Waly West 16.05 17.25 Eagle ft Blue Bell '2.62V4 2 85 Grand Central 8.10 3.25 Horn Silver 1.62 Little Bell 4.10 (4.50 Lower Mammoth 32"4 .35 Mammoth , 497 1.10 May Day 15V'. Ontario . 2.60 .... Silver King 42.00 47.00 Sacramento. 14 .15 Silver Shield 20 .22 Star Consolidated 14 .... Swansea 40 .60 : South Swansea 03 .... 1 United States v 60.50 62.00 , I'tah .55 ! .65 Uncle Sam 34 .35 Victoria 1.97V4 2.00 Black Jack 60 .70 Boston Consolidated 29.50 .... Butler Liberal .13 .15 . Beck Tunnel 52 .55 Century .15 Ingot I .02 : Little Chief 03 .034 New Tork 1SW, Richmond-Anaconda 01 Vi .4H Tetro 11 .11 Victor Consolidated U3 .04 Wabash 65 1.00 Yankee 27 .32 Jim Butter 6 .95 Montana-Tonopah ' 2.77 3.00 Toncpah common 18.00 19.12 Touupaii-Mlmont 2.80 ! 3.10 Tonopah Extension 8.60 j .... . Tonopah Midway 1.75 : 1.95 Emerald .09 .14 Joe Bowers 01 .02 Goldfield .... .05' McNamara 48 .... Kocco-Homestake .30 L .... Galena .15 FORENOON BOARD. Eagle & Blue Bell. 25 at $2.40. New York. 500 at WVie: 10U0 t 2M4c seller thirty days; 500 at 20c. seller thirty thir-ty days; 500 at 20c; 500 at 19'c, seller sixty , , .lays; 1500 at 19V:. seller thirty days; 1500 at 20c. buyer thirty days; 100 at 19ic; 500 at 19c. OPEN BOARD. Carlsa, 500 at 24?c; 1000 at Mc; 500 at "Ec. Columbus Consolidated. 100 at $5.16. buyer sixty days; 200 at $5.06; 361 at $5; 100 at 94.99; 200 at $4.95. . Eagle ft Blue Bell. 200 at $2.85. Uttle Chief. 1001 at 3c. May Day. 1100 at 15c. Victor Consolidated. 2000 at 4c. TOTALS. Regular. 6625 shares for $1172.SS. Open. 7261 shares for S6154.K7. Total. 13.FS6 shares for 97327.75. METAL MARKET. f Silver is being settled for today. at 65 cents, copper castings at 17 . cents, and electro at 17 cents, while lead is commanding $5.60 per 100 pounds. 1 ENCOURAGING REPORT. A report from the superintendent of the Utah Mining. Milling and Transportation Transpor-tation company to -Manager H. W. Home is to the effect that the properties prop-erties of the company In Beaver county coun-ty pre showing the mo encouraging results from the development work that has been done. The bottom of the shaft Is In Iron ore. and as this is Indicative of a capping of the copper ledges that have been developed In that region, the shareholders feel gratified over the uncovering un-covering of this ore. The company's property comprises nine claims, which adjoins the Burning Moscow mine, that has been developed into a rich producer within a very short period, and the Utah company has every reason to believe be-lieve that Its ground carries the same ledge that has been so productive of high-grade ore In the domains of the Mscow properties. TONOPAH SHIPMENTS. Ore shipments from Tonopah for the 'week ending last Friday, according to the Bonanza, were as follows: Tonopah Mining company. 1115 tons; Montana. 130 tons; Tonopah Extension. 69$ tons; Belmont. 170 tons; Midway. 92 tons; West End. 42 tons; Briggs & Evans. 40 tons; Nevada Alpine, 29 tons; Duncan, Olsen & Hedge, 15 tons. The actual tonnage of ore shipments sampled by the Western Ore Purchasing Purchas-ing company, at Millers', for the week ending Thursday at midnight, was as follows: Tonopah Mining company, 71'0 tons; Tonopah Extension, 58 J tons; Belmont Bel-mont Development company, 171 tons; Montana-Tonopah. 110 tons; Tonopah Midway, 91 tons. Goldfield district. 273 tons. Manhattan district. 31 tons. Hannapah, 17 tons. Total, 1978 tons. Child, Colt dt Co., Brokeiv 100 Atlss block. Both -phones UNION SCALE AT MANHATTAN. That .e labor unions have become ' fairly well established In the new mining mi-ning camp of Manhattan, Nev., Is shown by the following scale that has been adopted by the Miners' union: Drifting, stoping and trenching per shift. $4.50; sinking and raising, $5; . working In wet places, 50 cents per shift extra; tool dressers and blacksmiths, $5.60; tlmbermen (no helpers), $5; machine ma-chine work. SO cents extra per shift more than hand work. Engineers per shift, $5.50: all contract work. $1. per shift more than, company work. No . man In or arpund the mines will be al-lowed al-lowed to work more than eight hours. : The carpenters hrfve decided that the scale of wages for their craft shall be $S per day after February 1. Just now they are getting from $10 to $20 per day. MINING BRIEFS. A dividend of 1 cents per share, aggregating ag-gregating 315.000, has been posted by the Beck Tunnel company, the same to be paid on the roth,. and the books closing on the 15th. Free gold has been encountered In the Kob Roy in. Indian creek. Beaver county, which is controlled by P-. T. Farns worth and associates of this city, a seven-foot ledge having been rut on the property. Directors of the Lower Mammoth company decided yesterday afternoon that they would defer the assessment to see if Superintendent Ball could not relieve the situation by catching up with the vein matter on the lower level. Ore and bullion settlements yesterday yester-day amounted to 3106.500, divided as follows: Silver, lead, copper and gold ores, $19,400; base bullion, $57,100. It has been officially announced that the American Smelting and Refining company has completed arrangements for the handling of all of the product from the mines of Charles M. Schwab In Nevada. The McConnell Mining company of Lyon county. Nevada, has filed articles arti-cles of incorporation with the County Clerk. The company has a capital fctock of $50,000 in $1 shares. Frank Pierce is president; Edward W. Clark, vice-president and treasurer.and W. J. Barrette, secretary. J. H. Mellen has filed an action In District court against the directors of the Nephl Mining company. Mellen alleges that he is the owner of 4700 COLUMBUS CON. REPORT. '' At the annual meeting of the Columbus Colum-bus "Consolidated shareholders, held late yesterday afternoon. 186.303 shares of .the outstanding 283.000 shares were represented. rep-resented. The following officers were . elected to serve the company for the ensuing year: Tony . Jacobson, president presi-dent and general manager; C. K. Mc-Cornlck. Mc-Cornlck. vice-president: S. A. Whitney, secretary and treasurer, who, with W. S. McCornlck and E. R. Hall, constitute consti-tute the directory. The company began the year with an indebtedness of nearly $50,000. and It 1 was found necesssry to expend $30,000 additional durlng'the year for Improvements, Improve-ments, part of which was expended In the alterations at the mill in order that u closer saving of values could be made. After having discharged the overdraft and paid for all of the additional im- ' provements, the company starts the present yesr with a surplus of $30,148.28. Manager Jacobson explains that this revenue has been obtained from ores that were extracted In the course of development de-velopment work alone, and that there I has been no effort to touch any of the ' |