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Show : : - ; ; TO'.' P.HNING RIEN. I";-- - r -i' Give 'your delizuraent .and assessment 'notices' to;THE;TET, GRAM. Careful attention and reasonable rates assured. Cal! '' ' " np 240, both 'phones, for a TELEGRAM man to call on you. . ;- On the Salt Lake Mining Stock exchange ex-change this morning there were reac-. reac-. tionary. features, as compared with. the. 1 buoyant feeling among traders . and investors in-vestors prevailing for the last week. ;-. Prices were' off in several instances, but nevertheless a firm and confident tone was indicated in refusal of holders hold-ers to let loose blocks, of shares at bet-. bet-. ter prices than even last, week's ad- vance forced. 4 . - , Columbus Consolidated was . very strong and advanced, from, the opening price of $6.55, to $6.70, buyer sixty, at : which figures a total of ".3000 shares .: passed ownership, and brought the. to-' I,4al values' of shares traded , in np to a - higher point than ever recorded at a forenoon session, the aggregate having ' been $52,256, and the total shares handled was 36,000. - Previous to the sale of 3000 Colnm-. Colnm-. :bus Consolidated at $6.70, buyer sixty, -there had been sales of 3000 at $6.55, :IOO at $6.60 and 50 at $6.65, the total . ' being 6150 shares. ' ; Silver Pick at $1.77, Lou -Dillon at f 4950c7 Silver1 Pick at $1.80 and Ne- . . vada Hills at $3.15 were all exhibitions of strength against the efforts of bears ' that were pounding for these issues at less eost, . . , Carisa was strong at the' opening, at $00, but suffered a decline later to $1.25; and Victor Consolidated was active ac-tive under pressure, and sales were effected ef-fected between 11 c down to 10e. ' Littler Chief sustained its advance of . yesterday, and trading was on the basis of 18(S19c Quotations were as follows: volved in a badly confused controversy over titles to the Steele and Savage groups, have agreed to compromise, although al-though last Tuesdav - evening Messrs. Craig and Evsns both went to Ely, the former to hold the ground and the latter lat-ter to take possession of the same. Instead of continuing the fight, the property will be consolidated and with-ii with-ii the -next few days the details looking to the organization of what will be known as the Federal Ely Copper Mining Min-ing company will have been completed, the organization to be composed mostly of Salt Lake investors. The property which adjoins the Nevada Consolidated on the north is being worked vigorously vigorous-ly at this time. Mr. Evans returned from camp yesterday yes-terday morning and Mr. Ciryg went on to Schnrs, in the Walker River reservation reser-vation country to look after interests of himself and associates there. Mr. Evans stated that the best illustration illus-tration of .the value of the ground secured se-cured rested,' ha thought, in the fact that before he left Ely he had received applications for 17,000 shares of the new company 's stock at $1 per share. - One of the sensations of the hour while Mr. Evans was at camp was the opening at a depth of eighty feet in the Lane City townsite ground of a body of copper-bearing sulphide ore that averaged 4 per cent in the red metal. met-al. The taking over of the Violet group, which is located about three-quarters of a mile southeast of the Robust mine of the Keith-Kearns syndicate, by the Elv Resurrection company, is to be followed by active development operations." opera-tions." President George R. Raymond of Salt Lake says that there are offers coming from New York, and Boston for interests in this company, but that the original holders are intending to achieve the development of the estate until the shares shall be auoted as highlv as the highest in the entire Ely region. One prominent vein out of the manv that traverse the territory, shows a width -of 200 feet and has a quartz gangne impregnated with copper oxides ox-ides and iron oxides which carry the gold and silver values. This vein is traceable on the surface for 500 feet and is developed by three shafts 25 to 40 feet in depth, and in each of which the vein shows more prominent values than at the surface. A general average of the ores in this vein shows 2.17 per cent copper, 11 per cent lead, 38.40 ounces silver, and - Bid. - Asked. I Alice ... S 7.25 jS ' Ajax ..... .. ,. .... .28 .80 r-r-v Bullion Beck .... .. 2.50 Oariea 1.23 1.2S Creole ... ... .. : -.85 . Cob. Mercur ... .50 .58 Daly ... 8. 00 - 3.50 Daly Judge 11.8TH 12.25 Daly West 20.25 Eagle and Blue Bell ... S.00 4.00 Grand Central .'. 8.20 ' 8.80 Galena ... 07 .10 Little Bell .00 Lower Mammoth ..... . .83 .84 . Mammoth 1.53H '1.60 May Day ..... .. .'. .14 .15 Nevada Hills .... 3.15 Nevada Fairriew .. ' 81 .33 'Silver King 22.75 Sacramento 13 .13ft Silver Shield 20 .28 'Star Con. :.. ' .13H ........ Stray Dog i ........ .. .05 - Swansea . . . ....... ... . . . . . .42 . Booth Swansea, ... . . . .05- Utah . . .j..,. l.S.i. 1.S5 Uncle Sam Con. ...... .87 .89 Victoria .. 800 Butler Liberal .10 ,14' Back Tunnel Con. 1.87H 1.40 Blackjack .. .. . .40 .50 Colorado M 05 .06 Dalton ,.i .. .004 . -01H : Ingot ...i.. .02 Jo2 Bowers 02 Little Chief ... v, 18 .10 Few York 25 .3H yfcicamond-Anaeonda .08 Scottish Chief . . .. .. - .10 .11 South Ool .48 .60 . Tetrw .18 .19 Victor On. ..... .10 .11 Wabash .44 .65 Ysnkea Con .41 .44 !.'." '-' Eagle' e Nest .... ..... .40 f .45 '"' Lou Dillon , .50 T .51 Uuh and Michigan ... . .27. .30 Dixie .- 18 Gold Bon .00 Gold Mg. .. 1.62... Great Band .85 ' Jumbo 4.50 'i'AA" Mohawk 20.00 Bed Top ... --- .6-00 Sandstorm... .90 ........ Silver Pick 1." I-85 I Denver Bullfrog 1.50. ........ Gold Bar I " Montgomery ML 59 .62 , Jumping Jack 52 .60 .06 ounce gold. The picked samples assay 8.5 per. cent copper, 31 per cent lead, 36 ounces silver, and .44 ounce gold, and the picked samples of lead ore carry 78 per cent in this metal, ' 36 ounces silver, 2.34 per cent copper, and .02 ounce gold. J. A. Jacobson, M. E., who exsmined and reported upon this property recently recent-ly for the company, reported his con-elusions con-elusions as follows:' "The average value of the Kobust oxide ores was $135 per ton, and the conditions of the Violet group are such as to practically warrant that development develop-ment will duplicate the showing on the Keith-Kearns property. It is the center of the mineral belt, and with surface showings similar to the proven mines of the district it appears to be only a matter - of development to show . up similar deposits of copper sulphides." . The Ely Gibraltar company with which among others M. M. Johnson has been identified from the beginning, has been listed upon the San Franeisco exchange, ex-change, and the management is leaving leav-ing no effort untried to open up the lead bodies of this property. Some very fine bodies of ore have been brought into sight, Mr. Johnson says, and from all the surface indications this Duck Creek property should discover some FOKENOOy SALES Silver Pick, 100 at 11.77. Montgomery Mt; 1000 1 at ii,, 100 at 29e: 400 at 28 e. Car.. 300 at $1.80. 800 at $1.27; 400 fcLorar Mammoth, 100 at 83c, eeller aixty o"a Dillon, 600 at 49e; 700 at 50e. Mammoth, 100 at $1.55. May Day. 1500 at 15e. -evada Hills. 800 at $3.15. ; ' r3tar Con., 1000 at 14c; 1200 at 13e. I, ' :: f.0 l?MV.tV0 at 19c ' . - ' -TJhOTcVf001800oie: 1000 at 10e, ' finntk Colambua. 100 at 48c , Vtem Cob 1500 at lUie; 2200 at lie; koOO at 10a- . - OPES BOARD. .''".: Carisa. 200 at $1.30. - . ' "ciooOJ; 100-.W0, 50 JU0 .WwlW May Day. 2000 at 16e. . -, - Kevada Fairriew, 2000 at 82e. gUvar Pick. 100 at $1.80. 8iler Shield, 600 at 21e. Sacramento, 2500 at 12e. T..ra 1000 at 18e. remarkably strong and rich resources upon gaining greater depth, and there : is no end of it in sight in this working. A few days ago Mr. Johnson disposed of the Christmas group of five claims to Tex Rickard and associates at a substantial figure. This gToup is thought to be one of the banner properties pro-perties of the district, and much is expected from it. Below the town of Ely, states Mr. Johnson,. there is a new townsite upon which is destined to grow one of the largest cities of Nevada. Ely people confidently expect this town to be a record breaker. Monday during the first day's sale of lots in this new center a total of $182,450 was taken in for lots by the townsite people. WORK ON STANDARD. Further good fortune ?s reported from the Bingham estate of the Standard Copper company, where- in the breast of the Saginaw tunnel there is an entire face of second-class ore together with one foot of high grade that makes the management smile with satisfaction. The tuunel is in 500 feet, and since it has afforded a source upon which to draw for shipments, the next concentration concentra-tion of effort will be made on the Deams elaim, where a tunnel will be extended 800 feet to crosscut the Little Lit-tle Treasure and Croesus ledges, which Manager Donahue regards among the best ground the company has. aBaaBBasaaBBBaWBBjaawBBa .-; ;" '..Js .'TOTAL SALES. 91.200 aharea for $6478.50. ' oVZZ i 800 shsres for $45,782.50. . i ' 7 otat 86.000 ahare. for $52,256. RUSHING AT ELY. Tha big things that are daily tran-i tran-i Vf Elv keeo the rr.ost enthusias- feSgflfSSFct & Nevada rtherl who is in Salt Lake after a Ero wjonrn-in the camp, its pgreTs is exceeding expectations of 1 Tbus'iness is ' increasing' so over-vhelmingly over-vhelmingly for the new railroad that ' s offices are to be removed from Salt lake to Ely next week,, in order that fcaffie may be more expeditiously di-Lwred di-Lwred bv the management. ' - . feOn portion of the Nevada Consolidated Consoli-dated company's property the steam fcovel will be brought" into requisition - - T7emove the overburden of porphyry, n Is being done by the Bingham Con- . - . Ridated Company at Bingham. . In other portions wh at . w known M-rtnaT process will be adopted, L rfatnrtr of the -round the better Ldini iMelf to this mode of mining. II exVrt from Ely, .Mn.,where the ' ''- r."nb!l? Neto -.Trin h ?&& oEfyworkT By rieW fc- the expense of .tobm" . 7 J. Craig and associates and K. J. . Was "and associate who have been in- ' - ' . . : TO MANAGE . BOTH. The general management of the West Columbus eompany has been placed in the hands of A. O. Jacobson, who is manager of the Columbus Consolidated and who ' has been ' considered as the right man in the right place. Therefore he will be retained in' charge of these properties ' and afforded ' time within which to look after the interests of the Columbus Consolidated also; and inasmuch inas-much as these, mines are all located in close proximity to one another the owners own-ers alt agree that Mr. Jacobson will experience ex-perience no difficulty in making good in both positions. He is thought to have had SO: much experience, and to be so well equipped for the work by knowledge know-ledge of the geological situations in the ground, of both, companies, and to be possessed of so strong a mental equipoise equi-poise that the stockholders will hear from him favorably very , soon in the West Columbus territory. He will immediately im-mediately .let a contract for BOO feet of tunnel on the groundf this corporation, corpor-ation, which is ia line with the policy of the management and that, was .announced .an-nounced a few weeks ago, upon return from the east of Manager Bamberger. - .V r " .' .' |