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Show i . . . . . v, a. v , . . r " " I ' - 1 I - . .- . - .. I ...... j ; L f , 1 - . ; I - i I - t i L y 11 ' 1 t t it T- , f . . 1 1 t e v . i t a i , :' ..1 w Cl't : -.t. t I.. -3 i - ,e. i i A ciy nini ( i l as Ia'n In ti f --n-.-i c i j ' (.': stock exchnnee tr.is afternoon. t...y ( J (-1 ctna:l b'.:n(l.( s of a few of t" se- t) (.) cumins tH-ir,g sol.i. AJax c1 i the () () f.rst tracin;'. and whs again ad- () () vnncod, v flung He for - "J ahares, () (-.) while f iver Shield drorPd V") C) (.) share's, for which the purchaser () O) paid Sic?. Irs-ot was drawn out af- () () ter cim sii.irricg, VkO share go- ( ) (.) lng at 2 cents. C-J ' 00I) today's rociON zuziiza SICCUS Furnished by Brokerage and Finance company, successors to Hudson Sons & Co.. brokers, room 6, D. F. Walker building.) build-ing.) Amalgamated pingham ..1....S1 Consolidated Mercur t&vM Daly West 1 Utah i United States Mining ............. .atttSvl, uumta i;otx3. 1 T,wo cars of flrt-elasi or have reached the market from the Tetro mine at Tin-tic. Tin-tic. The ore was taken out In the 900 level below the tunnel. In doing development develop-ment work. ' H. 1. J. Warren eame In from Boaton yesterday and Is looking Into some likely propositions In which he can. Interest Eastern capital. - Manager Henry M. Adklnson 4t the New l-'nglsnd company has returned to the mine and mill at Bingham, .after a run to the coast over the new route. . The Honerine mill at Stockton will araln resume work within a few flays, after an enforced Idleness of aeveral weeks, owing to a break-down. A contract' has been let for extending the shaft in the Frisco mine, a depth of 400 feet from the present 200-foot level. The Utah of Fish Springs has four tars of ore on the market, and more is being hauled to the station from the mine. , New York advices are to the effect that ' the American Smelting and Refining company com-pany will expend JS,OuO,000 on the new copper cop-per smelter to be built down the valley. -. W. 8. Brown, one of the directors of the Consolidated Mercur, who arrived on the belated train from Fremont," Neb., will leave for the North Mountain Mining Min-ing company's properties in White Pine county. Nevada, within a few daya. President E. I White of the Bingham Consolidated took the noon train for Boston Bos-ton after having Inspected his interests here and In Montana. Ed. ' Hoffman ' came in from Mammoth this morning and reports conditions out In that section moving along; very satisfactorily. satis-factorily. S. Q. Weston, a mining man from Elko, Nev Is in town and will place some orders or-ders with local firms . before again departing de-parting for camp. . ; , H. J. t. Baird, the new manager for the Ooldfleld-Oreat Bend properties, spent a few hours in the cHy yesterday. Manager Henry M. Crowther of the Contlnental-Alta mines departed for camp this morning. TV quiet condition cf the mining stock rrf.; ,.frt is due principally to the fact that it is low, and the policy of the Investing put'.lc see.i.s to be to always fght shy of a. low market when In reality the wise ones ia heavy buying when every one cii"! i -'a scared and is unloading. 'Hie hie-h prices look the most tempting to sr-ecu.ators. who get very enthusiastic when the high points are reached and invarlablv argue that the prices wl.l go still higher, while, on the other hand, they are now trying to persuade them- i selves that the market is not low enougti i at present and that It will still make a further decline before it recovers Its nor- mal condition. ... .v. i That the public has been a factor In the conditions that prevail on the local stocK exchange has been clearly demonstrated i during the past week and this mornings seaaion was no exception to the rule, lor the pit had a larger attendance than the , galleries, where the public is admitted. The brokers were there to transact tne , business, but the spectators were 11'"- to the few front rows Just outside of tne railing. - Trading was confined to two properties on the rejrular call and began with Ajax selling o"0 shares for whicn the purchaser paid IS cents. - Mav Day was the next member to respond re-spond and making the first sale at lo cents It brushed up to 16V cnta before the demand for 3300 shares was a'8"?- On the open board Carlsa responded to a call for 1000 shares at 16 York got 67 cents. Star Consolidated was to be had at iota cents.' NalWrtver wnt for 46 cents and Uncle Sam Consolidated . loosened up. at 39V4 cents. The closing quotations were as follows: "xsked. " A..T ': " ..-......$ .164 -I'Vi Bo'foncon Bullion-Beck .... , "in" ' Beck Tunnel.... .... .w v Butler-Uberal 'ii Carlsa ...... ' - Con. Mercur . SA Century -1 27K - - Creole .... .. ' -ri . Daly - -S Dalv-Judge "- Daly West lJ-? : 1-gle 4 Blue Bell'.. 106 Oalena .' . i'ii" Grand Central s rJ Ooldfield Bonansa . S i lorn Sliver. z u. Ingot Jim Butler 1 J, Joe Bowers ;. 2? Little Bell Little Chief ........ -f lower Mammoth .... a Montana Tonopah ........... J-tKs , .Mammoto Ifj May Jpay 4 Martha Washington - .4 -00 - McNaimara $ 'TX,, New .tork Ontario -25 4.OT Roco-Homestake 'tr r.lchmond-Anaconda , Sunshine 'iz"- . Swansea ' -ii" Sooth Swansea t- , Sacramento ,.JV4 Silver King 6..00 60.00 Star Con ........ -Wi .M Silver Shield ,.-fx Tonopah M-25; 14-BO Tonopah Belmont 123 1 Tonopah Extension 6.S0 Tonopah Midway .... ...... X.4j l.g Vnlted"states .... 0 I ncle Sam Con rtah '"''? Victoria l. 2 2 victor Con " Wabash Yankee Con ...... 33 . ' , MORNING SALES. r- v hi re n so fsvori'. 1 ' ' r" - i i t Cfvi-rapnt woi U it w irt C - - 1 i tv f ti r,e si.a't. w ' U-h 1' w " fct.. ;t I 0 1 -!., t..t he -i f jut i "t to co i '.It w i' i th sto a hi, . . r ' itive to ff -i ? their consent to puti'"i? ia a mill for coricntratie- the ores. The prT-erty is rnoft favnrtbiy sitiiatt! for a no.l. ss there la suf::clf-nt water power to operate all the machinery. In ai 31tion. there is a considerable amount of wood close at hand. . . . At the bottom ft the shaft, a flre-foot breast cf ore has been uncovered, the extent ex-tent of which has not leen determined. It is a gold-bearini? vein and carries val-I val-I ties that average i4 per ton. while in the 1 Gold Bond group In the Clifton district, I which is in the north end of the Deep Creek range, some prospecting work which has been done, shows ft traceable vein for a distance of about "C.0 feet that carries high-grade rock and assays as much as 40 per cent copper. And yet this ia only a couple of the propositions that active work has been started on as a result re-sult of the announcement that the Western West-ern Pacific was going through that section sec-tion of the country. Immense deposits of silver-lead ore have been known to exist In that southern south-ern mineral belt for a great many years, but the charges for exporting the stuff from the Dugway, country to the valley smelters amounts to about $30 per ton. while the freight over the proposed line will be low enough to give the low-grade producers am "opportunity to place the stuff at the refineries and still have a wide margin left for their product. SHAWirrjT PROPERTIES . ' V . TO EESUJIE OPEBATIOKS. Assurances from the East are 'fo the effect that the old Shawmut ' properties, one in North Bingham, close to the mouth of Carr's Fork canyon, are to resume operations some time during the summer sum-mer months. The reorganized company will be capitalised for $2o0,0u0, divided Into In-to 00,000 shares of the par value of 35 eaeh Only 100.000 share will be distributed distrib-uted among the present shareholders,' who will get one -share of the new company com-pany for every ten shares they hold In the old concern, and the balance of 400.0CO shares will go Into the treasury for the purpose of doing development work. The greater part of this treasury stock has already been subscribed for by the present pres-ent board of directors. It Is understood. -The property comprises seven fractional claims of about 100 acres and was worked some five years ago by the old owners, who. It seems, became discouraged before ' the ground had been thoroughly prospected, pros-pected, though thev erected a mill that haa a capacity of fifty to sixty tons per day, which has been lying Idle. for. the past three years. Last week S. Herbert Williams, the managing director of the new .organization, .organiza-tion, came out from the East and went over the property and purchased some dumping round below the mill, on which some houses had been built. After attending at-tending to a few minor details here per- taining to the starting up of the mine, I be returned East, to be present at the reorganisation and report the conditions as he found them. It Is understood that the mill will not be started until It has been thoroughly overhauled and' ton more ore has been developed to Insure an output that will keep the mill supplied with rock for an Indefinite period. " ' ' Considerable adverse comment baa been passed on the Shawmut properties because be-cause of their location, but since some fine ore channels have been developed, the pinion that it was off the great mineral sone has vanished. AJax. 600 at 16c. '.V. , May Day, 600 at 15c K0 at 16c; 1000 at 16ftc v OPEN BOARD. . - Carisa. 1000 at 16c. seller 30 days. May Day. 600 at 16c; 600 at KVc . ! New York, 600 at 67c; 100 at 67ftc.. Star Con.. 400 at 10c. Nalldriver. 300 at 46c. Uncle Sam. 300 at 39Hc. . - - TOTAL SALES. Regular call. 3000 shares for HS2.60. - . . . Open board, 3600 shares for 3972.88. Total sales, 6600 shares for 31455.38. Child, Cole & Co., Brokers, 100 Atlas block. Both 'phones, 223. BOSTON COMMERCIAL ' ON UTAH CONSOLIDATED. The Boston Commercial has the following follow-ing to say regarding the big Utah Consolidated Consol-idated properties at Bingham, and the wonderful showing made during the past 'three years. Utah Consolidated continues to be bought for the same New York interest that took all the market offered at 40H and 42H- The stock is becoming scarcer, and la now in a position to advance easily under skillful handling, or in response to any Increased general buying demand. raw people realize what a tremendous, ly profitable enterprise the Utah Consolidated Consoli-dated has been. It was first opened as a copper mine only seven or eight years ago. The total amount paid in by the stockholders was 31.600.000. the par value of its capital stoclvand a very large portion por-tion of this money went to pay foe prop-- prop-- ci ties, commissions, expert work. etc. Production Pro-duction was begun about five years ago with a 60-ton smelter, and In five years the company's earnings have been sufficient suffi-cient to permit of the construction of two 2i0-ton additions to the smelter, a general gen-eral reconstruction of the plant In the interest in-terest of economy, the equipment of the mine, the opening and development of five years' advance ore reserves, the payment cf more than $3,000,000 In dividends and tne accumulation of a large cash surplus Jn the company's treasury. - Now that the advance development ' work and heavy construction are to be curtailed, it is easy to see that operating costs must for the time drop to a mlnii mum. The Utah haa been making Its copper at a cost of five cents per pound. ' ' ' and it ia Hot impossible that it may show as low a cost as four cents per pound. There will be little occasion for surprise if earnings of more than 36 per share are shown on the stock this year; ani it Is uractically certain that the dividend rate ill be raised to 33 per share semi-annually Utah- Consolidated stock Is almost al-most aure to sell above 300 per share this year. -- ' ' : FIGURING ON A MTTX FOR NEW YORK GIANT. i At ten mouth of Granite canyon. In the Deen Creek district. Is located the eight tfaima of the New York Olaat Mining comr"r President Fabcock of this com- RET.TT.F SOCIETY CORPS OF NURSES TO MEET. ! I The. commencement exerdsee ' of the Relief society corps . of nurses will ' be held at 10:30 o'clock - tomorrow morning at Barrett hall. The following programme pro-gramme has been prepared and the pub lie Is invited to attend: . Address, Dr. M. C. Roberts; response. Sister Bathsheba Smith; piano solo, Agnes Ag-nes Dahlquist; remarks. Sister Prlscilla J. Rlter; conferring of diplomas. Sister Emma Empey; response. Miss Clarice Thatcher; vocal solo. Miss Lottie Owen; benediction. : The officers of the class! are: ' Emma Empey, superintendent; Dr. M. C. Roberts, Rob-erts, Instructor; Prisctlla J. Rlter, Instructor In-structor in cooking; Phoebe Y. Beetle, secretary. - DIGGING SUMP IN .' SHAFT OF NEW YORK. Out at the New York In Park City a sump is being dug about fifteen feet In .the bottom of the shaft to take care of the surface water. While the seepage does not amount to much, the local shareholders sharehold-ers have been made to believe some of the stories that were being circulated that the management was experiencing some trouble with the water. On the 400-foot level the water Is being pumped to the Wabash, for which the New York company is getting Jo0 per month. Returns, from the last shipment of thirty-nine tons netted the New York 33400. Another consignment will probably be forwarded during the present week. With a good surplus in the treasury, the management Is prepared to push the development de-velopment work in the east and west drifts, which Is showing values of as much as 800 ounces in silver, while the vein is widening. . . Though the market value of the stock Is not as satisfactory as the conditions at j the mine would warrant, it should be borne In mind that the entire market is very alumpy and that a great many of the securities are not getting the proper support. sup-port. . The New York has made one of the best showings of any of the Park City young-: young-: sters. and only a small amount of work haa been done on the property whtch Is one of the most likely propositions in this old district of bonanza producers. METAL MARKET. - . t Silver was advanced in price this morning, morn-ing, being quoted at 67 cents, while copper cop-per was held at the usual settling price of Hhm cents for casting and 14 7-16 cents 1 for electrolytic. Iad commanded 33.50 per 100 pounds and New York is paying $4.60 per 100 pounds. . HUSTLING AT "BOSTONIA." Material 1 and workmen are on the ground at Pelican Point, where the barren bar-ren district is to be transformed Into the bustling town of "Bostonla." A. J. Bet- |