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Show IKOfllJS Sffi SHERD' FOB UTAH fill NEVADA . : 1 ' That . Utah and eastern Nevada stand on the threshold of a most remarkably re-markably auspicious era need scarcely be doubted-when it is considered how extensively are their mining resources being developed, and how much they . have to promise the capital that will come in and engage in tho further development, de-velopment, especially of their copper resources. re-sources. So much has been accomplished in these, lines already that Utah must be classed in the future as principally a copper State, rather than a producer of ' cold, silver and lead, notwithstanding . that these metals are being-mined, and will be mined for hundreds of years very profitaby in conjunction with copper and eastern " Nevada may be similarly classed. , " Experts of the world on the copper situation are declaring with vast unanimity that there will be enormous demand for the red metal for at least s decade until' the entire universe is electrified not only for transportation, but as well also for all industrial pur-- poses. In the meantime every available pound of the red metal is sold in advance ad-vance at prices which a few years ago ' . would have been pronounced absolute-f absolute-f ly prohibitory to the further use of the metal commercially, and the startling conditions exists that all the yields ot .the many mines now under production cannot to any degree fill the needs that are already in sight. ' The New York iletal Market, an authoritative au-thoritative publication,' says: ' "One is at a loss to find adequate 1 , terms in which to describe the copper market, and the demand existing for the metal, and to describe it as remarkable re-markable and phenomenal is no exaggeration. exag-geration. "High prices seem to have no effect on consumption, and as the price advances ad-vances so also seems to advance the demand- from consumers. No one can believe that at 19 cents per pound and over, consumers are speculating or buying buy-ing . ahead of requirements, and the conclusion must be that the purchases difference being that there is little if any silver in the original Black Horse discoveries, their veins being all gold. "Locations are being made now for a distanco feorth and south in the Snake range of at least twenty miles, and prospectors are getting gooa values and frequently very rich ore at shallow depth, l am'en route to Ogden, where I expect to place some of my claims for working capital." Mr. Hulse is a very, young man, from New York, appearing about 21 years old. Hoi fell in wiih H. J. Waller, whilo in Ogdon, and the two having heard of the Black Horse strikes went iu there two months ar;o. At Osceola thev met Clark Tilford, and he joined the" the party. All threo have interests in this rich property. . Samples of ores they have secured from it fully sustain their assertions of its richness Hulse declares that the town of Black Horse is growing very ramdly, there being chronicled daily arrivals of pros sectors, miners' and agents of capitalists capital-ists seeking propcrtj' and business locations. loca-tions. ENOEMOtTS ORE BODY. The Cedar-Mining -company of Beaver Bea-ver county, Utah, has an enormous ore bodv showing in the 250-foot level, which carries 63.5 per cent lead, 54 ounces silver, and 60 cents in gold per ton. The vein is over eight-feet wide, between well-defined walls, and is developing de-veloping ore 'so rapidly that before long it Is expected the entire width will show pay values. In the meantime the ore appeared at first in streaks and seams, divided by quartz stringers, which latter have disappeared dis-appeared almost entirely. Superintendent Superintend-ent Henry Green piloted a well-pleased party of stockholders through the protv erty this week, and upon returning W. H. Jone and S. M. Pond made frequent utterance to their beliefs that the Cedar Ce-dar is one of the coming great properties proper-ties of the State, and of which there will undoubtedly, be many developed in Beaver county during the next few years. conclusiQi must be that the purchases they are making for deliveries as far ahead as next March, are simply the covering in raw material of the orders or-ders for' manufactured material that thev are booking. Producers who reported re-ported a few days ago that they had sold up for 1906, now report nothing to 6ell before February delivery. "A 20 cents per ponnd market has ceased to be a probability and now seems a certainty and even higher prices than this extreme price may be forced until something comes up to - limit the demand, because an increase in production for this year is an impossibility. impos-sibility. "The profit at present prices to the Eroducer is enormous, and everv pro-ucer pro-ucer is turning out every pound of metal he can." The large copper producers of this country, whose stocks are listed on the Boston exchange, are receiving a profit ' of 200 per cent to 300 per cent on ev-erypound ev-erypound of copper they send to mar- ket. This phenomenal condition r c things bias been in existence for mote than a year and promises' to continue for one or more years longer. If there is a 19-cent 19-cent copper market throughout 1907 it is conceded that nearly every copper-producing copper-producing mine in the country must pay dividends, and this year's net earn-; earn-; Jngs will be four times greater than they were as recently as 1902 and 1903. There never was a time in the history of the copper share markets when prices were so low, compared to present and prospective net earnings, as they are at present. There is not a drop of water in copper share prices. Almost every producing company is earning from 12 per cent to 0 per cent on the market price of its shares. Many . of them are paying 10 per cent in divi-dends divi-dends and someare paying at the rate . . of 12 per cent. Dividend payments have been increased in-creased steadily and will go on increasing increas-ing -for many months to come. Dur- ing the coming year over' $100,000,000 will be distributed in dividends to holders of copper stocks in this country coun-try alone, if metal prices are maintained. WATEE PROBLEM SOLVED. The solving of the water problem in the desert mining regions of Nevada may ultimately appear less difficult than has been supposed, for almost every effort to secure adequate resources of this kind from underflows has been at least partially successful. Among the latest gratifying announcements of significance sig-nificance in this respect is that which tells of a big well encountered about five miles from the Bullfrog Gold Bar mine, near Rhyolite. Here, 17 feet below the surface, a flow was struck that taxes the capacity of the sinking pump already, but the hole is to be Dored deeper. The Bullfrog Bull-frog Gold Bar company, however, has enough water in sight from this well to furnish its proposed mill, and will now go ahead and build the same, piping pip-ing the water from the well to the plantJ OEE AND BULLION. Silver was quoted this morning at 6736c per ounce, copper at $1 2 per hundred pounds, and lead at $."5 per hundred .pounds. Clearances of ores from the Pioneer sampler today included two cars from Idaho, three from Alta. two from Stockton, and one from Bingham. The Taylor & Brunton sampler sent out fourteen cars from Tintic, two from American Fork, two from Bingham, Bing-ham, and one from Carbonate Hill. Settlements for ores marketed in Salt Lake yesterday, according to Mc-Cornick Mc-Cornick &. Co.'s report, aggregated $22.5i;0; for bullion. $100,000, and for gold, $S200; total, $130,700. BT7MOEED STRIKE. Bumors circulated today on the exchange ex-change of a strike of great magnitude in "Uncle Jesse" Knight 'b Steamboat mine. - ' Two power drills were said to be at work, piercing the ore body vigorously, and as many miners as possible working taking out extra high grade for shipment. ship-ment. Indications arc also said to be that there is a very large territory of shipping ship-ping grade in "front of ihe drills, to reward re-ward the stockholders in this company for some time to come. VALUES IN GOLD. "The outcroppings on ledges we nave -located in the Black Horse district dis-trict carry values at Ihe rate of $3 gold per ton and 3S per cent lead and 23 ounces silver per ton," said E. V. Hulse, who came in from that new bonanza bo-nanza region 'of Nevada yesterday, and is at the Wilson. "We made locations of two groups of claims, each being on parallel ledges, and both being about six miles north of the San Pedro mine, which isBlack Horse's principal producer. The development we have done on one of our groups gives us ore that carries, $278 per ton. of whiU $14S is in gold, the balance being in silver and lead. The vein is four feet wide. Some of the gold is free, and considerable consid-erable native silver is scattered through the muss, also thero is much rustr gold. We have not yet had time to do much development work, as we - only made these location recently, after" af-ter" hearing about the big strikes that were first made in Black Horse three months ago. . When I reached there T found most of the ground located that was close to the first discoveries, but further north the country is just as rich, the only aMsMMSBBsaaBsBBWSiHBasasBsskRMssksMBBaaasBi |