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Show ' : CSiDLItS FM: TC3E- FEoJLE ' : M i I1 1 "T " ' he said: "I am not in the etock. busi-ness, busi-ness, but the mining business; nevertheless, never-theless, however, of course I am notified noti-fied that the public hat confidence in the etocka of the companies of which I am the organizer. " . : ,' . . . VICTOR COW. PLANS. According to reports,' A. W. McCune. Jr., is to manage the newly, organized Victor Consolidated mine, in the Tintie district of Utah, and Joseph Treloar will be superintendent. - All repairs have been completed on the machinery of the Gemini, and the work is progressing as regularly as if there had - been no interruption ' from aqy cause. At the point where there was recently encountered big ore reserves in the Blue Bell mine, crosscut has been extended extend-ed showing so far thirty feet of pay, and the end is not believed to be near. Tie-. stock has. advanced about .(I er. share on the local market since this disclosure. Thirteen cars were sent from this mine last week, principally being contributed by the workings on the 1000-foot level. fierce wind, blowing at the rate of aeventy-five milea an hour, prevented the fire department from overpowering the flames as quickly as they might otherwise have dope. Principal losses were suffered : by the electric motors, the closing of which will throw the tramway' - out of commission several days, but Manager George H. Dern hoped to avoid a shutdown for an indefinite in-definite length of time by using horses on the tramway until new motors could be obtained.-- The sawmill building, together to-gether with all equipments and several thousand feet oflumber stored in the yards, were destroyed, also parts of the shed covering the tramway. - . RUMORED SALE. . On the Salt Lake mining stock exchange ex-change this morning declines were conspicuous con-spicuous features in various issues, and their -! great action waa under circumstances circum-stances pi less buoyant feeling than i had been prevailing for a week past. Large selling of Victor Consolidated ; . occurred, which was contrary to expectations expec-tations of the. investing public, for "the tson that since the. change of management man-agement last Monday the stock waa believed most likely to - assume - a Itronger position on the board. Start, ng at 12 cents, sales of lots of 500 ' shares wen effected until the close was at 9 cents. Scottish! Chief, which .has been firm, yet retained its strength around 1 cents. New York, went off fractionally to 27 cents, seller sixty days, from 22 cents, the opening figure. Silver Shieid maintained the price of tdVi cents, made Tuesday, and Carisa . was firm around 60 to 61 cents. The Nevadas, which have been neglected neg-lected locally- for a week, came into popularity' of the Salt Lake traders again, and two deals in Montgomery , Mountain ecmrred around 49 cents. Stray Dog was: again found, after being lost for ten days, and was commanding 59 to 60. cento, Total sales were 51,550, valued at $14,252.75. .... : Quotations were as follows: . ' , .' Bid. Asked. ' i Albion .84 $ ...... I AAic . ...... 4.28 5.00 Afax 24M -2 'Bullion Beek ... .. 2.00 S.00 Boston O&n. . . ... , 39 SO Bntler-Libarl ....... . 11H .IS i Eeek-Tna. Con. .. ..... 1.00 1.05 Black . Jack . .60 . CariM ..... ....... ..60 . .61 CtooIq di 8 5 s Cob. .Mreur ... . . ... .,56 CtO. M .. v..7S. . .go Centory ... .. .... .23' .24 I Daly m .. S.00. 2.15 Paly-Jodie. .. .. .... 11.12H 11.15 Paly West .'. 18.50 21.00 Eatl and Bin Ball ... 4.25 5.00 Emerald .. .20 .50 Grand Central ... 8.25 8.45 Galena . ..... ... .05 ........ Hern Silver 1.37H - . Injet ... .. 01 H .03 ' Joe Bower ... .. ..... .02 .02 4 Little BeU 7.35 8.00 Lower Mammoth .. . .. ....75 Local interest in the Standard Copper company, which was -floated im Salt Lake three months ago to operate properties in Bingham district, Utah, was considerably excited yesterday over a story that a sale is under way, and also that the purchaser will take in the New England estate adjoining as well as the old. Bingham group. The latter belongs to Boston stockholders, and the Isew England ia owned by people composing the ruling element in the Williams Shaving Soap comnanv, also of Boston. Ground in all three of these companies com-panies is regarded highly for its present and prospective values, since the development devel-opment by other companies in Bingham Bing-ham have demonstrated how the ore deposition may be easily found and recovered re-covered sad profitably treated. A Boston man, whose mime cannot be ascertained, is in Salt Lake, said to be negotiating for Standard stock on the basis of ' 55c to - 60c per share, while Chief Engineer . Patrick Donahue is showing a representative of ..the prospective pros-pective purchasers what there is in the Standard ground, and aluo the merits of the entire Bingham district. Negotiations for the proposed sale have been pending six weeks, during which time the Standard has been gathering together all the claims and fractional pieces of ground in the immediate im-mediate vicinity, to the end that a wel-rounded group might be passed over to large investors wjth the expectation expec-tation of floating another very big corporation cor-poration out of the Bingham district. v LEASES AT PHQNOLYTE. ' ' At PhonOlite Nevi. where location work has been carried on ateadily for the past six weeks, the showing is so good that a number of Goldfield men have taken leases on some of the claims, and men and materials are being sent to the new camp preparatory for a winter campaign of development. Over twenty applications for leases have been received re-ceived by the big company, which owna thirty-four claims in the district. The camp is.less than two miles southwest south-west from the Burnt Cabin summit, on the road from Austin to the Illinois mine. Another camp called Peerless is about a mile east and a little north of the summit. , ' Both camps have similar geological ' outeTOppings. . UTAH AT. MINING CONGRESS. Utah delegates played an important part yesterdaj ia the proceedings of the American Mining congress- at Denver, the men particularly prominent being John Dern and Harry Joseph. Mr. Dern took advantage of the congress con-gress to present Utah's mineral re-sources, re-sources, upon which he read an exhaustive exhaus-tive paper, which is likely to attain a permanent place in the history of the proceedings. He described the process ef concentration of low-grade Bingham ores, in which small quantities of cop-' cop-' per sulphide occur disseminated through j altered porphyry, and which classes or ores were valueless until their recovery was successfully solved in this State a principal eopper district, through a 20 to 1 reduction. Mr. Dern told the delegates a great many other things about Utah they undoubtedly un-doubtedly had no knowledge of previously, pre-viously, and said that opportunities are numerous for investments in both the developed and the undeveloped camps. He furthermore called attention to the vast undeveloped iron resources and emphatically em-phatically announced that Zion expects ultimately to supplv.a part of-the large aatidpated Oriental trade in steel pro-ducts.; pro-ducts.; : j t- . .-.' . - ' Harry 8. Joseph has for many months declared that the miners of the West are not fairly treated by ore purchasers because current quotations of prices for the metals in New York are not paid the producer. Before leaving Salt Lake he b? announced an intention to remedy rem-edy tis abuse, and by way of making his campaign known throughout the Bockv Mountain Tegion, introduced a resolution at the afternoon session of the congress to the effect that "press quotations on metals rule, in settlements made at smelters, instead of quotations made by the smelter trust." The resolution reso-lution went to committee, and will come up for discussion later. Then Mr. Joseph Jo-seph will likely lead in an exceedingly interesting debate. He eaid two weeks ago that the miner and operator were being robbed of a great deal by the arbitrary ar-bitrary quotations made by the smelters as a settling basis, because these figures fig-ures are always considerably lower than the ruling fcew York quotations upon which the metals are commercially handled. han-dled. Mr. Joseph will ask the congress to place itself on record as in favor of a reform in this matter, and urge mine-owners mine-owners and operators to demand the commercial prices for their ores. OBE AND BULLION. Silver ss well as copper are to go higher.: The local quotation on the xrKit metal this morninsr was 69 c TO MINING MEN. Let THE TELEGBAM publish your stockholders meetings, usessment and delinquent notices. Call up 240,- either 'phone, for man to call on yon. ELY CONSOLIDATION. A telegram this morning from Boston says: rAs a result of metings of directors di-rectors of the Nevada Consolidated and Cumberland-Ely .Mining companies it has been agreed that the Cumberland-Ely Cumberland-Ely company will have a half -interest in the $6,000,000 reduction works to be built by the Nevada Consolidated company, com-pany, and the Cumberland-Ely company also secures a half -ownership in the Nevada Ne-vada Northern railroad, wkich was built by the Nevada Consolidate. "This is considered a first step in the ultimate consolidation of these two properties. It is proposed to organize a smelting company with $1(,000,000 capital capi-tal and to build a thoroughly modern concentrating and smelting plant. "Financial arrangements have already al-ready been completed for a 10.000-ton plant and to finish the railroad." GUGGENHEIMS IN YUKON. A telegram this morning from Seattle says advices there from Alaska announce an-nounce the formal acquirement of all the placer ground in the Yukon, together togeth-er with all the available water, by the Guggenheim Exploration company. The deal has been pending for a year, and is said to have been practically consummated consum-mated during the visit to Dawson two months ago ty President Daniel Guggenheim Gug-genheim after he had personally inspected inspect-ed the property. The purchase is the largest placer mining mi-ning transaction ever made, certainly in Alaska, and includes the Anderson concession con-cession and the Bedmond Bros.. Mitchell and Milvain, Max Kellar and a large number of individual claims in Hanker , o.smznoia ... ... .... x.ia a. May Day .15H 1H Kerada HiEs .......... 2.85 8.00 Nevada Falrriew 27 S .84 Btray Dog .. .. .... .58 .60 Eonnyside ........... .74 .78 South Col. 63 .55 Nw York ... .. .. .. .27H ? Ontario-.. .. .. .. .. 8.80 8.50 Bocco-HomeetsJce .. .. .20 ........ Bich-Aaaconda .. -.. .06H Silver King .. ...... 21.00 25.60 Sacramento ......... .11 .18 . - Silver Shield .. 20 H .32 Stir Cob. .. .... .13 .18 Swansea .. ... .56 South Swansea .. .. .. .05H .06H Scottish Chief 17 H .19 . Sunshine ... ... .01 .Tetro 20H .21 United States Com. .... 60.50 Tncle Sam 89 . .40.4 Utah . 1.75 1.77H Victoria 2.65 2.95 Victor Con .094 .10 Wabash . . .... .65 .80 Tankea 47 .50 Utah and Mich 26 .50 - Tonopah Stocka ' Ohio Ton. -22 -2 Tonopah Con. 22.00 - Tonopah Bel .25 7.00 Tonopah Ext. .. .. . . . - 6.50 Tonopah Mid '- 2.15 f - Goldfield Stocka Diam-Bl. Butte Con 33- .89 Goldfield Bel. 55 Goldfield Bonanta . . 01 Goldfield M. of Nevada. . .62 .66 Great Bend 50 Jumbo 1.40 1.50 Kendall 57 .62 Mohawk 8-95 Red Top .... .. 1S0 . Sandstorm -72 Silver Pick .. 81 St. Ires 52 Bullfrog Stocks Bullirog Vat. Bask ' .52 Denrer Bullfrog ...... 1 . 50 Gold Bar 1.80 . .. Montgomery Mt: 49 .50 Tramp Con. 1.22H Manhattan Stocks jumping Jack 5 Manhattan Dexter .. .. .51 - Sevier Humphrey 13 FOBENOON BALIS. ' Carisa. 200 at 61c: 100 at 60c. Daly. 100 at 83 JO. Lower Mammoth. 800 at $1.70. May Day, 2000 at 15 He. Montgomery Mountain. 600 at 49e; 500 at . '48H. Silver Shield. 200 at 20 He-Star He-Star Con.. 2000 at 16c. Stray Dog. 200. at 60; 100 at 59e. South Swansea. 4600 at 6c. Uncle Sam. 1700 at 40c; 2000 at 40 He. lover thirty days; 2000 at 89 He. Century, 500 at 22c: 500 at 24e. Cole. M., 200 at 79c; 600 at 80c. Ingot, 1000 at 1 He. ' Little Chief, 500 at 19c. " New York. 1500 at 23e: 7000 at 27e: 2000 at 27He; 500 at 27c. seller sixty days. - South Columbus. 5U0 at 54c. -Tetro. 500 at 20Hc 200 at 21c. Victor Cog., 500 at 12c; 500 at 12c buyer thirty day; 500 at 11c; 1000 at lie, buyer thirty days; 500 at lOHe; 1000 at lOHe;" 4500 at 10c; 1500 at 10c, buyer thirty days; 1000 at 9c. OPEN BOARD. Cariaa, 500 at 59c; 1600 at 60c' Daly Judge. 500 at 811 12 H-' H-' Silver Shield. 1000 at 20c; 2000 at 20 He. Star Con., 500 at 15He. Seottiah Chief. 100 at 17c; 500 at 17He. Victor. 1000 at 10c. buyeT aixty days. Yankee, 500 at 50e; 500 at 48 He. TOTAL SALES.' Regular. 43.300 aharea for $11,057. Open, 8250 aharea for $3195.75. Total. 51.550 aharea for 814.253.75. FIRE AT CON.' MEBCUB. A fire that started in the motorhouse of the Con. Mercur mine yesterday evening caused $8000 damages to the buildings, eouipment and tramway, up-on up-on which there was little insurance. A 1 ; j" 1 all directions from the first discovery and doing location work. On tha Ish ground two shafts have been put down to a depth of 100 feet and the rock taken out in doing thia work and sow piled up on the dumps will do the ship. One of the sbsfts wss sunk on a ledge, that is 100 feet wide and four feet of it is ore that assaya 10 to 13 per cent eopper and $5 to 88 in gold. In doing tha assessment work on the lab froup ore waa found that went better than 0 per cent eopper and aa high as $15 in 5 old. The ore that will be shipped averages 2 per cent eopper and $5.45 ia gold. " AFTERNOON CALL. Carisa. 100 at 59c; 200 at 58e; 500 at 57c; 400 at 56c; 100 at 55c. Silver Shield. 1500 at 20c: 500 at 19Hc; 500 at 19e; 600 at 18c: 8000 at 18Hc Star Con., 1500 at 144c Stray Dog. 100 at 50c: 100 at 51c. South Swansea. 600 at 6c: 500 at 6 Vic. Uncle Sam Cos., 500 at 40c. Colo. Mining, 800 at 79c. Little Chief, 500 at 17 He; 1000 at 17c, seller 80 days: 500 at 17c. New York, 500 at 27c; 1500 at 37c, seller thirty days. Richmond Anaeonds. 100 at 7c. per ounce, one point higher than yes-tcrdflVa yes-tcrdflVa "It" is the intention of the control-ing control-ing powers in the silver market," said one of the smelter officials in Salt Lake, "to send the price to $1 or more. It is possible now to effect this result. The sources of supply are under control of elements which are noncompetitive. The price tomorrow will likelv be 70 cents. Although 30 cents further advance ad-vance seems a great desl to accomplish, accom-plish, it can be made. I look for it within six months more." . The quotation of $20.53 for copper, whicb was anounced Tuesday, represents repre-sents an advance of $1.31 per hundred pounds and $26.20 per ton within six weeks. Lead is firm at $5.75, with an increasing increas-ing demand, however, which may advance ad-vance the price a few points before the first of the year.- Settlements yesterday for ores marketed mar-keted in Salt Lake agrees ted $70,000; bullion, $65,000; total, $135,000. ' Ores cleared by the Taylor & Brunton Sampling company this morning included in-cluded 6 cars from Nevada, 2 from Good Springs, 2 from California, 1 from Idaho, 5 from Tintic. and 1 from Park Valley. Ores sent out by the Pioneer Sampling company included 4 from Alts, Al-ts, 2 from Stockton, 1 from Bingham, 1 from Idaho, and 1 from Nevada. creek, including Paradise Hill, adjoining. adjoin-ing. The company also owns large gold dredging rights op the Klondike river and is likely to take over further- concessions con-cessions of the same character on the river below the mouth of Hunker creek. What consideration was paid for the several properties has not yet been made known. The company will begin aggressive work both in the new placer and dredging dredg-ing claims at once and it is anticipated that the camp at Tnkon will be the largest and most important in the gold regions of 'Alaska within a comparatively compara-tively ehort time. NEWHOUSE TO NEW YORK. Samuel Newhouse, accompanied bv his brother, M. I. Newhouse, leaves Salt Lake today for New York, where be will remain several weeks, and more than ever equipped to tell Gotbamites how big and rich in resources Utah really is. ' . Since arriving ten days ago from Europe everv minute of Mr. New-house's New-house's time "has been spent in examining exam-ining hie properties in the Bingham district and at Newhouse, where the great Cactus mine is located, and that is proving a bigger bonanza every day. Mr. Newhouse has stated frequently during his present visit that the rise and fall of the stock of the Cactus has not interested him materially, because. MINING BRIEFS. At the annual meeting yesterday, in Salt Lake, ef the Bingham New Haven company, the officers and directora were re-elected as follows: L. E. Stoddard, president; E. B. Critchlow, vice-president; T. W. Fsrnham. secretary and treasurer; F. F. Brewster and E. Q. Stoddard, directors. Annual reports of tha officers will be issued from the offtee of tha company in Kew Haven. Conn. The meeting followed tba arrival here few days ago of President Stoddsrd. who found that Local Manager C. H. Doolitrle baa made a splendid producing property out of prospects, with which stockholders have been abundantly satisfied. The production of eopper by the Utah and Zastera Copper, compsny is in "satisfactory progress from its Dixie mines and the smelter at Shem, a few milea below St. George, Utah. From the treatment of about forty tone of ore a day approximately 7000 ponds, er three and a half tons, of eopper is being produced every twenty-four hours. Tha smelter has two furnaces, but only one of tha two is kept in bleat, aa tha management ia sot yet ready for larger operations,. - Tha local office of the Kevada "Hills com- fisny reporta that the company has two ears n the local market awaiting settlement, and that two mora are somewhere en route to Salt Lake from Hazen. The Last Chance mill at Bingham has been placed in commission, and everything running smoothly. This mesne that the Nevada-Utah company will now begin realising on the large amount of milling orea that tha property prop-erty contains. BIO COPPER RESOURCES. Statements of THE TELEGBAM within the last three weeks, showing the probability of the country around Goldfield. Nev., and of Goldfield district itself, ultimately passing into copper production, were verified oy tba disclosure of a eeventeea-ineh vein in the Florence Flo-rence mine ten days ago. But better still for the State, and tha camp; of Goldfield la the confirmed discovery of gigantic eopper reaourcea in that vicinity which bid fair to vie with Ely and Yering-ton Yering-ton for the honor of greatest red metal yield in the commonwealth. Thi new copper camp is called Wagner and ia thirty miles south of Goldfield on the aouthwast base of Stonewall mountain. It ia not marked en the map ef Nevada and there ia to postoffica there. The raila of tha new Goldfield A Bullfrog railway reached there a few daya ago. and as soon aa tha company baa time to put in a sidetrack and spare a freight ear or two, a trial shipment will be made to one of the smelters, and if tha ore ia found to run pay, there ia liable to be rush to Wagner. The first loeationa were made in the district dis-trict two yeara ago by Frank M. Ish and associates as-sociates of Goldfield. Ever since, they have kept 'a force of minora at work developing eighteen loeationa. and during thia time others oth-ers have bean engaged in staking territory In |