OCR Text |
Show through Bait Laka yaaterday from Goldfield. baa secured leas, in that district, and will operate thera extensively. B. r. Haywood and N. T. MeKe. of Salt Lake are recent additiona to tha force of the Snyder management on properties la tha Fail-view district of Nevada. . Director of tha Utah of Fish Springs, will meet Tharsdsv, in post tha regular monthly dividend of $3000, which will be parable probably the 18th. One ear worth $5000 haa jost been marketed, and another will leer the mine thie week of equal high-grade character. t A diridend of 5 cent a ahare. payable October 1, wa declared yaaterday by the Tonopah-Mtdwsy company, book to eloa on September 20. NEVADAS ARE HIGHER ON THE MINING EXCHANGE COMPANY'S ANNUAL MEETING. At the annual meeting yeaterday of the New York Bonanza Mining company, operating op-erating at Park City, the administration was re-elected for another year as follows: fol-lows: M. J. McGlll. president and general gen-eral manager: Dr; S. W. Piatt of Park City, vice-president; directors. Dr. A. J. Shores of Salt Lake. Julius Frankel of Park City, and Mrs. M. V. Rogers of Salt Lake. J. H. Deming of Salt Lake, secretary and treasurer. Total receipts for the year were reported report-ed bythe officers as having been $44,231.55, these moneys coming from assessments on stockholders ($30,000) and from sales of ores ($14,148.23). The expenses were $42,682.84. principally for developemnt and equipment of the mine. At the mine there is $2000 worth of ore ready for shipment, and which was not Included In the receipts during the last year. President McGlll assured the stockholders stockhold-ers that at no time has the company's property appeared In so assuring a light, and he announced that he entertained extreme ex-treme confidence that It will become one of the best in the Park City district. The management was authorized to equip the incline, from the 400 to the 800-level, with a skip, and abandon the old bucket system. This will greatly facilitate fa-cilitate the hoisting very materially. Immediately Im-mediately upon its installation ahlpmenta of ore will in much larger amount be Inaugurated. In-augurated. RE-ELECTS OFFICERS. At tbe annual meeting yesterday in Salt Lake of the stockholders of tbe Montana-Tonopah Montana-Tonopah Mining company reports of officers offi-cers were received covering the operations opera-tions of the property at Tonopab. Nev., during the last year, and Indorsed. There were 538.102 shares, out of the 835,000 shares issued, represented, and harmony was said to exist among those present, indicating that troubles of the factions which during 1905 contended for control, are settled. Tbe old administration was practically re-elected as follows: C. E. Knox of Berkeley. Cal., president; Charles E. Morris of Pony, Mont., vice-president; R. P. Dunlap of Tonopah. second vice-president; W. B. Alexander of Tonopah. secretary sec-retary and treasurer; Henry D. Moore of Philadelphia, J. Herbert Mullen of Westchester. West-chester. Pa.; F. M. Kirk of Cleveland. O.; J. J. McQuillan of Tonopah, and Thomas J. Lynch of Salt Lake and Tonopah. In addition to being selected as secretary and treasurer of the company. W. B. Alexander of Tonopah was also designated desig-nated aa assistant to General Manager Mark B. Kerr. President Charles E. Knox's report was very exhaustive, and showed that the year's operations embraced much development devel-opment work and equipment of tbe property prop-erty for large comprehensive mining. The: mine in the meantime produced enough ore to pay the expense of this development develop-ment and equipment, mnit of which Is installed, and Included In which are hoisting apparatus, compr.'iisois, clectrk. generators. Of significant import to the stockholders stockhold-ers mas the announcement that the development de-velopment has disclosed an ore reserve aggregating 39.622 tons of milling ore worth $27 per ton and aproximating a total to-tal of $ 1,0b?. 794 gross. In addition the report of the president showed that the development work of the last sixty days has disclosed $500,000 worth of ore valued val-ued at $50 per ton on the sixth level, where the ore body, however. Is so large that It is believed to carry much more money than what Is actually in sight and available for stoping. John A. Klrby. who retired from the management three months ago to look after af-ter his Individual Interests, was complimented compli-mented by President Knox, who expressed regret that the company suffered his loss, and stated that Mr. Klrby's talent and ability were greatly apprtriaU-1 by the company wh'!e he was in its employ. The belief was also i;eirralv expressed ex-pressed by the directors that durini; the next year Monti na-Tonopah will begin to make a cred;t:'jle record as one of Tono-pah's Tono-pah's prir.ripal producer. Another large sized trading day was recorded this morning on the Salt Lake Mining exchange, regardless of tbe bearish and discouraging news of yesterday from Goldfield, which frightened fright-ened many Salt Lake Investors in Nevada Ne-vada shares and who are not expected to be enthusiastic traders in those lines until the labor situation of the big sagebrush camp shall have cleared somewhat. The news from Goldfield today to-day not having been of a more alarming alarm-ing nature, brokers regarded conditions there as better, and therefore the belief be-lief is expressed that within a few days the Goldfield market will again assume as-sume its wonted buoyancy. So great depression in prices of Goldfield shares was not reflected in the Salt Lake market today as had been anticipated, and the only sale of Silver Pick recorded on the board was at 55c better than Tuesday by 2c. The local market was given over extensivelv to Utahs and Columbus Consolidated and Little Chief were again tbe principal favorites. Little Chief sustained strength developed de-veloped Tuesday, . when the price reached 15c. One deal this morning, however, of 7500 shares was effected at 13c, and another of 4000 shares at 14c. Total sales were 46,200 shares, valued val-ued at $25,736. Tbe quotations were as follows: Bid. Akod. Alica t 8.00 Ajax 21 .23 Hullion-Beck 2.50 a. 50 Boston Con 27.00 Beck-Tnn. Con 90 .02 Black Jack 55 Cariaa 80 .304 Creole 0 Con. Mercur .85 Colo. M 59 Cantury 14V .17, Daly l.7V 2.0214 lalv-Judge 11.00 11.50 Dalton 001 Ragle Blue Bell 3.00 Kmerald '. . .10 Grand Canlral 3.40 3. SO Ingot 01 .02 Joe Bowera 02 .034 Little Bell 9.00 Little Chief 13 .13H Lower Mammoth .52 .54 Mammoth 1.91 May Day 12'., .IS Nevada Hill S.00 3.05 Stray Dog 48 .60 8uxnyide .75 .5 Sooth Colombus 00 .62 New York 82 H .33 Ontario 2.75 Rocco-Homeitaka .20 Hilver King 23.00 25.00 Sacramento 10 14 4 Silver Shield 1 1 , .12' Sontb Swansea .02 Sunahine 1 .04 Tetro j .20 .23 Tnited State com 1 60.00 I'ncle Sam .40 .41 Vtah 1.22H 1.40 Victoria ..' 8.00 Victor Con j 03', Wabash .59 .S4 Yankee j .34 .37 Tonopah Stock Crolden Anchor .70 Golden Crown .14 j .18 Jim Butler .... .. 1.00 1.30 McN'amara . ". Mont. Ton 2.50 3.00 North Star 42 I .47 Ohio Ton. 22 Tonopah Con 18.00 Tonopah Bel 4.55 Tonopah Ext 4. 95 Tonopah Mid. 2.00 Wm f'.nd 2.00 3.00 Goldfield Stork Atlanta . JO .25 Blue Bull 15 Diam. Bl. Unite Con 30 , Dixie 4- 05 .09 Goldfield Bel ) .54 Goldfleld Bonanza 1 .01 GoldBeld M. of Nev.... .49 .57 Great Bend 40 j ..V Jnmho .95 , Kendall .95 Mohawk 3.00 3.25 Red Top 1.40 1.521 Sandstorm .55 .70 Silver Pick 52 I .58 St. lvea .50 j Bnllfior Htock Bullfrog Nat. Banlt 45 1 .6i Denver Bullfrog t.40 Gold Bar 1.00 Montgomery Mt .41 .45 Tramp .1.10 l.no Manhattan Stock Jumping .lark .44 .52 Manhattan Con 80 Manhattan Deiter 55 .85 Manhattan L. Joe .03 Sevier Hnmphrey .12 1 . MINING BRIEFS. Gold.n camp, fifty mile north of Tnno- Sah, i now said be one of the coming onania district of Nrrada. Huffman Bro. it Walker of Salt l.rl; recently bought in-terrat in-terrat there, which promi. good retnma. according to arcounta given of them hy returning re-turning Timor. Tony .lacobon ha e-ared a three fifth intereat in the Linden group at Comet camn. fourteen rnilea from Pioche. Xer., and will undertake it further development. There ar. large bodies of low grade ore partially diacloitd by preceding operator!. The Jupiter of Park City ia in market today to-day with another consignment of ore. which ia the product of the work of twenty fira men. engaged in atoping and derelnp'ment ahead of production. r rom the shipment all expenaes are paid. " , Columbus Consolidated of Alia keep on sending its ores to market with astonishing plenitude, the shipments so far in September having aggregated . 1.100.000 pound of cmda ore and concentrates, valued at $24.-000. $24.-000. Miners are being added to the working work-ing forcea as rapidly a they ran he aeeured. A fifty-ton plant will ba installed on the old Bilr.r Pick company's plant at Telluride, Colo., by th. Holderman Kilter Tank company com-pany of Bait Lake and an effort mad. to re- rover th. values in th. tailing dumps of this property. j Former Gov. Hunt of Idaho, who passed t KORENOON SALES. Carisa. 500 at 30r. Daly. 12 at -'. Daly Judge. 4000 at 13c. Nevada Hills, 100 at $3.05; 1600 at 3.02'. ("nele Sam, C0OO at 40c. Reck Tunnel. 100 at 61c. Little Chief, 4100 at 14c; 1000 at 14Vic; 7500 at 13 He. New York. 1500 at 33c. Sooth Colombo. 1000 at bOr. Victor Consolidated, 1000 at 3c. Montgomery Mountain, 200 at 45c. OPEN BOARD. Carisa, 1000 at 80c- Columbus Consolidated. 200 at $7.70. buyer buy-er aixty daye; 500 at $7.60; 60 at $7.50: 850 at $7.65. Jumping Jack, 500 at 40r. Lower Mammoth, 100 at &2t. Littl. Chief, 1500 at 13 He; 5500 at 14e. Silver Pick, 500 at 55e. I'ncl. Sam. 800 at 40c. TOTALS. Ragular. 84,713 shares for $10,811.50. Op.n, 11.810 aaares for $14,934 50. Total. 48,323 sharsa for $35,738. |