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Show : MOIVE DAY'S ; v ONTHE MINING EXCHANGE .!" TO MINING MEN. y Give your delinquent, and assessment notices to THE TEIi-" ' GRAM. Careful attention and reasonable rates assured. Call . . up 240, both 'phones, for a TELEGRAM man to call on you. portunity to sell at advances which may be top' notchers equal to any yet announced in Utah mining history. " MINING BBTJSFS. Stockholdera of the Silver Bell Mining company, in meeting yesterday, amended ita artielea-of -incorporation and inereaaed the capitalisation from 250,000 to 1.000,000 aharea of a par ralue of $1 each, and thna acquired 750,000 aharea of atock for aale and with the proceed of which the derelop-ment derelop-ment and equipment of the property at Park City may be carried on. For each of - tie 250,000 aharea of the old company there will be iaeued one share of the aewr Shipmenta from Gold Held last week aggre gated 2777 tona. of which the Hayes Jb Mo netta leasa contributed 985 too. The Ramaey-Comstock Mining company, which ia operating npon the immense Clark dyke at Ramiey, has cut the rein from wall to wall and ita width ia eighty-one feet. In the aouth drift raluea running aa high aa $200 have been found ia quantity and in the north drift they run much higher. The drift ia being run on the sixty two-foot lerel. Child. Cola A Co. of Salt Lake are large owners ip, thia bonanxa. A strike on the Big 12 claim at Stateline la attracting some attention to that long-neglected district. The aerenth sackful of ore taken from the rein following the strike waa brought to thia city and gar returns of 929.17 gold. The smelter at the Ctah and Eastern Copper Cop-per company's properties, in Washington county, haa been closed down because the railroad company could not delirer coke at A com. Car ahortage ia given aa the reason for not meeting these needs. of 1000 feet, and which ia opened between be-tween that point and the outcropping by enough erosscutting to permit the employment of large forces of miners at stoping and to assure shipments on a scale of great importance to : tha treasury. The Black Bear vein ia very rich, and is eight feet wide at the 1000-foot level. Arrangements are being made, also for the acquisition of additional Water supply for the mill, the capacity of which ia to be enlarged to 150 tons per day. Ten acres of ground have been purchased for the better handling of tailings without annoyance to neighboring neighbor-ing interests. $9400 GOLD PES TON. In the Yerington, Nev., district, according ac-cording to late reports, there has been encountered in the Nevada-Rockland mine a four-inch streak of gold ore that carries $9400 per ton, and which is be ing sacked for shipment. There is in the balance of the twenty-foot yein, of which this streak is a' part, an average of $10 per ton gold, which will be handled in a 100-ton mill that is to be erected upon the property, which is owned by Los Angeles capitalists, and shows that the shrewdest investors of other cities besides Salt Lake are awake to Yerington 'a opportunities. The number num-ber of these classes getting into the region with ' their money, however, is extending in Salt Lake at a marvelous rate. Among the latest Zionites to "follow the crowd" is Dr. R. Ct Woodruff of the business firm -of Brown,' Terry & Woodruff, and who has purchased the Blue Jay group, in the heart of the best part of the proven district. His estate includes 175 acres, which adjoins ad-joins the holdings of the Yerington Copper company, and is in the near vicinitv of the Nevada-Douglas, the Mason Ma-son Valley, the Malachite, the Copper King and the Ludwig and Capt. De La Mar's Bluestone, which is preparing to market an ore body containing 650,- Joa Bowers, 500 at 2c. Hew York, 200 at 29Hc; 2000 at 30c. Scottish Chief, (00 at lHe. South Columbus, 1000 at 52c, buyer aisty days; 4600 at 50e; 8000 at Sic, buyer aixty days. Victor, 1000 at 8c; 1500 at 8e. ' OPEN BOARD. Ajax. 200 at 84c. Carisa, 300 at 61e; 500 at 82c, buyer thirty thir-ty daya. , Colorado Coneolidattd. 100 at $4.70. burer thirty daya; 100 at $8.60; 200 at $6.60; 300 at $8.45; 100 at $8.40. Lower Mammoth, 1000 at 79e. aeller thirty daya; 700 at 80c; 1000 at 81c. Lou Dillon, 1000 at 47e: 8200 at 48c. Montgomery Mountain, 100 at 64c. Nevada Hills, 200 at $3.97 H. Silver Shield, 2000 at 17 He. South Columbus, 1000 at 49c. TOTALS. Regular call, 24.450 aharea, for $11,537.25. Open board, 12.000 aharea. for $12,401. Total sales, 36,450 aharea, for $23,938.25. NEW ELY COMPANY. The Alpha and Rabbit group at Elv, which were purchased a few months ago by D. H. Peery and W. M. Want-land Want-land of Salt Lake, has been successfully success-fully incorporated into the East Cumberland-Ely Mining company, of which S. H. Ebrich and Isaac Untermever of New York are leading holders. The capital stock was rlaced at ana.. . The market this morning on the Bait Lake mining stock exchange was spotted spot-ted and there were rises and declines in continuous succession from the) opening ' ' to the close, affording opportunities for even the most enthusiastic bull aa well . as bear. . The latter, who had been out- ' elassed by the bulls for two days, ex- perienced their innings most pronouncedly pronounc-edly in Columbus Consolidated, which declined on large offerings to $8.40. On the j other hand, Lou Dillon advanced 6c to 48c, and Lower Mammoth sold up to 81c. Montgomery Mountain, which has bee a inactive locally for a week, was demanded by the market, and sold at 64c.j There is said to have been another strike in' this property, and the same may be reflected sensationally within the I very near future on all the exchanges ex-changes in a stronger bidding for the atock. After hitting Black Jack a few rouads the bears succeeded in sending - the 'price down to 58c from. 60c, the opening price, but the hammering waa withstood in so strong a manner that onlv a small amount came out. Carisa was firm at 61c cash and 62c, v buyer thirty days, and Lower Mammoth Mam-moth very strong at 8081c. Total sales were 36.450 shares, valued at $23,938.25. Quotations were as follows: - ' - . ( - . ery consignor equal with every other shipper. . There were present at the -meeting John Dern, George Heintz, H. S. Joseph and T. T. Geddes. TO MINING MEN. Let THE TELEGRAM publish your stockholders' meetings assessment and delinquent notices. Call up 240, either 'phone, for man to call on you. v FAIEVIEW 7BOSPECTS. Aa development . work progresses along the principal vein system of Fair-view, Fair-view, Nev., ita remarkable continuity and the persistency with which values hold indicate conclusively that another Tonopah is in process of exploration. In these features as well as with respect to the values carried by the. ore and the general formation, the two canps are practically identical. With every foot of work done along the great series of veins that pass from the Nevada Hills through the Fair-view Fair-view Eagle, and then traverse the properties of the Eagle's est and Hailstone, showing tremendouslv rich values in silver and gold the entire distance, dis-tance, it appears that Fairview'a ore belt will prove the most plethoric producer pro-ducer of southern Nevada; for although along the, course of Tonopah 'a main ore channel there have been opened up several of the greatest silver-gold producing pro-ducing mines of recent years. Fair-view Fair-view s remarkable series of veins undoubtedly un-doubtedly show more uniformity of values that extend to much greater limits. In addition to the extremely significant signi-ficant discoveries on the Eagle's Nest. 'Fairview Eagle, and Hailstone, ail of recent occurrence, prospectors are finding find-ing high-grade values a gTeat distance farther to the northeast from the Nevada Ne-vada Hills, generally reckoned as the center of the camp. Late reports from Fairiew tell of strikes of high grade silver ore several miles to the northeast north-east of the Hailstone and Eagle's Nest, the ore showing abundantly in horn silver. sil-ver. On the "Hot Onion" group, north of the foothills, above the desert, ore having hav-ing having a value of $200 to $500 in silver ana gold has been exposed at the surface, undoubtedly proving the regularity regu-larity of the principal vein system for miles, aa the property is directly on the course of the channel. This important discovery extends the proven lone of the district a distance of eight to ten miles in length. The developments on the Eagle's Nest and Hailstone properties are of especial importance as proving the magnitude mag-nitude of the highly enriched section of the district. Following the sensational developments on the Eagle, consisting of the opening up of eight to ten feet of $320 ore, came to practicallv the same results with exploration work on the Eagle's Nest, and this estate is now producing high grade shipping ore having a general average value of $304 per ton. Then, to add to the wave of excitement excite-ment resulting from sui'h extremely important im-portant discoveries, the Hailstone, adjoining ad-joining on the north and east the Eagle's Nest and Fairview Eagle, has opened into a mining estate that pre-aents pre-aents every earmark of a bonanza mine. The continuity of the main vein system of the camp has. during the past month, been positively proven of uniform width and richness a distance of over 6000 feet, and the discoveries of recent date miles farther to the north and east prove that the possibilities possibili-ties of Fairview are practicallv unlimited, unlim-ited, in mineral resources and stamp it as one of the greatest mining regions of the Sagebrush State. Within a month the camp has forged ahead from a one-mine district to a region re-gion with at least four proved mines. In this time the Fairview Eagle, Eagle's Nest, and Hailstone have passed from the prospect to the bonanza, bo-nanza, and other -properties are fast approaching the same transition. With every foot of wprk done on the Nevada Hills the mine continues to reveal re-veal riches that stamp it as one of the greatest mining estates of the country. High grade shipping ore is being disclosed dis-closed on all sides. In addition to opening open-ing rich ore along the main vein channel chan-nel of the district on the Hailstone, a distinctly new ledge, having an individual individ-ual dip, and carrying as rich ore as anv encountered in the district, has been found farther to the north on the same acreage. Donald B. Gilliea, who laat week piloted a party of Eastern capitaliata on an inspection inspec-tion tour of the Greenwater district, believes that tha proposed merger of interests ia that camp with a view of building a smelter, will be accomplished. Among those who went with Mr. Gilliea wera Dr. M. R. Ward of the Schwab syndicate; C. O. Goulding , of Pittsburg; Dr. Donald Campbell of Butte; L. Speyer, tha New York banker;' Dr. L. A. Dessar, Max E. Bernheimer and ex-Chief of Police Byrnea of New York. All of the Waiting Wa-iting capitalists became enthusiaatic over the mineral marvels of the aouthern districts. The Nightingale, owned by Clark k Morris, in northern Elko county, Nevada, haa a rein two and a half feet in width that assaya $921 in gold per ton. while on the Golden Queea, adjacent, gold values of $231 are being obtained. ob-tained. At the head of Silver Creek some prospectors in the Iron Blossom that aeema to cover a large vein have obtained valnea of $19 to $500 per ton in gold. Thia strike is about three-quarters of a mile from the town of Aura, thirty milea north of Tuacarora, and there are many disclosures, recently made, in the intermediate section. A fifty-ton carload of ore from the Nevada Hills company's property waa being aampled yesterday. A carload that was shipped ahead of thia one and another that followed it.should'both be at tb aampler now. Salt Lakers operating in the Wonder district dis-trict of Nevada are all declaring that they are doing well : but there is one exception, and he is known as A. ,T. Davis. A month ago. it seems, he was offered a one-quarter iniereat in one of the properties there for $5000. and refused to accept the same. A week ago a three-eighths interest in the same ground waa aold for 9240,000 cash. Henry E. Brown of Brown Baxter. Boa-ton, Boa-ton, ia again in the city, after an absence of three months, during which be haa arranged ar-ranged many details for farther operations on the ground owned by himself and associates asso-ciates in the Bingham and other diatricta of Utah and Nevada. He haa bia family with him. and Mr. Brown says he may decide to locate in Salt -Lake permanently and represent repre-sent the Western end of the growing business of his firm. New equipment is being placed upon the property of the Biscuit Mining company, in Cherry Creek district. It includes a eixty-horse eixty-horse power hoist, boilers, engine and all accessories for quick prsctical mining. When these appurtenaneea are working this company com-pany expecta to begin the shipment of ores to the Salt Lake market. The points of dispute over ownership of many Iron county, l'tah. iron properties, which have existed between prospective pur-chasera pur-chasera and Salt Lake interests, are ssid to hsve been recently settled. As a result the perfected titles will psss to the Colorado Fuel and Iron company. Manager Thomas Weir told his friends yesterdsy that the indebtedness has been removed from the property of the Ajsx mine, and that its financial condition is better than it ever has been. A surplus is grsdually accumulating ac-cumulating in the treasury. Shipments are being made from several sources and the con ditlona on the 1000 foot level are improving all the time. The Big -Cottonwood Copper and Gold Mi ning company filed amended articles of incorporation in-corporation with the County Clerk this morn- 1 ing, increasing the capital stock from $300.- ' 00O to $3. 750.000. The par value of the I shsres waa increased from $1 to $5. The eighteenth consignment of ore from the ' City Rocks company property ararived in tha market this morning, and included 60.000 pounds, carrying valu?s of 12 per cent copper. cop-per. 16 ounces silver and small quantities of fold, all expected to afford a net return of 40 per ton. The consignment has been , grestly delsyed because of bsd roads, which are said to be seriously handicapping all the Alta producers, and also inabiiitv to secure csrs sfter the ores reach the railroad tracks. 000 tons blocked out. Dr. Woodruff will arrange to develop his holdings at an early day, and in the meantime anticipates that it will al-wavs al-wavs command an advancing price from others of the many capitalists who are now seeking properties thereabout, there-about, at prices which afford earlier purchasers good profits. OEE AND BULLION. Copper was quoted this morning at $21.75 per hundred pounds by the ore buvers. lead at $5.75, and silver at 70 cents per ounce. Reports from the Eastern centers of copper marketing tre to the effect that a weaker condition condi-tion exists, and a decline in the price is anticipated, at least temporarily. Settlements vesterday for ores marketed mar-keted in Salt Lake aggregated $60,000; bullion, $95,000, according to McCor-nick McCor-nick & Co.'s report. Oces cleared this morning from the Tivlor 4 Brunton sampling works included in-cluded fifteen cars from Tintic. one from California and on from Idaho. From the Pioneer sampler the cars of ore cleared included four from Alta, two from Stockton, one from Bingham, and two from Tintic. NEW GOLD DISTRICT. A new gold district has been discovered discov-ered in Nevada, about five miles north of the Nevada Superior mine, in Humboldt Hum-boldt countv. which is said to be as rich as anvtbing heretofore turned up by the energetic prospectors who are forever scouring the State. At the scene of this latest strike there has been disclosed for 4ift feet a free-gold ore that shows values over its entire length and width of $1000 and up to $40,000 per ton. Reports have been so favorable regarding re-garding this newlv found golconda that C. D. Rooklidge has gone out to make a personal investigation. He represents rep-resents several magnates of Salt Lake, who are all looking for the best thing possible that has a showing. In prosecution prose-cution of their searches after the places where gold could be found the easiest and cheapest in Nevada during the last three months they have been steered wrongly on several occasions, because what were reported in. Salt Lake as "strikes of great magnitude and richness" rich-ness" turned out very slim showings upon inspection. 000 shares, and 200,000 shares placed in the treasurv, andlOO.000 of these of-ered of-ered for subscription. It . was arranged while Mr. Peerv was in the East a few weeks ago. and yesterday a message came from President Presi-dent Ehrich that the 100,000 shares had been largely oversubscribed, and that the entire capitalization was demanded de-manded by the public, which is anxious to get in. In points of rapidity of organization work, and financing this property takes a strong lead as the peer of every flotation flo-tation out of Ely so far announced. The gentlemen composing the executive ex-ecutive board are very prominent capitalists capi-talists and allied with them now are an equallr influential coteries of moneved men. Consequently the rapid, vigorous development of the Alpha and Rabbit group is assured. The eompanv has secured the services of John A. Cirby as consulting engineer, who is expecting to bring the property into profitable production as quickly "as possible. When the property was purchased bv Messrs. Peery and Want land it was rated as among the very best tracts in the heart of the copper-bearing part of the district, and the value has been vastly enhanced since then by the work done in shafts and workings of the older corporations whose estates lie contiguous. The subscribers to the stock of the new company, therefore, may consider that any time they may desire to sell their entire tract of ground in response to bids which will likely be made for it within a few months, it will command at least 100 per cent more than thev paid for the shares. The Star Pointer shaft of the Nevada Ne-vada Consolidated company is the scene of considerable activity. A four-compartment four-compartment shaft has been sunk on this mine to the depth of 250 feet, and when the 300-foot level is reached drifting will be commenced to make connections with the tunnel now being run from the 500-foot level in the Ruth shaft. This tunnel has been driven for a distance of 1800 feet, and as the distance dis-tance between the two mines is only ninety feet further, it will not be long before connections are made. Through this tunnel all the ore from the Ruth mine will be hauled to the Star Pointer, and from there loaded on cars for the smelter. The central operating point will be at the Star Pointer shaft. Immense chutes will be erected on this ground. At the Ruth and Star Pointer mines the caving system will be used, but on the Eureka property the or will be scooped up from the surface with steam shovels. I - ' I Bid. Aaked. Albion $ .85 $ Alice '. 5.75 Ajax i 331 .35 Bullion Beck 2.70 Boaton Consolidateed ... 32.00 'Butler Liberal 11 .12 Beck Tunnel Coo-..-..... 1.20 1.224 Black Jack 58 Cariaa. 60 .61 Creole 35 Consolidated Mercur 54 Colorado Mining 96 .89 Century .42 .47 Jly i 2.02H 2.15 Daly-Judge 11.37H 11.50 Daly Weat 18.25 Dlton 00 .014 Eagla Blue Bell 3.874 ...... . . 1 Grand Central 3.00 3.40 Horn Silver 1.25 Intt' 02 .03H Joe Bewera .024 Little Ball - 8.25 9.25 Little Chief 18 .17 Lower Mammoth 79 .80 Jiammoth 1.65 1.731 ifay Day ,14H .1514 Nevada Rills 2.90 2.95 Nevada Fairview . .28 A Stray Dog 61 .5 Sunnyaide 74 .78 ficuth Colnmbua .49 .50 , 2"ew York 30 .31 Ontario 3.45 8.60 Hocco-Homestske .23' Bieh.-Anaconda .08 0.9 - Silver King 21.00 22.75 Sacramento .11 .12 Silver Shield 164 .184 Star Consolidated 13 4 -14 4 ' Swansea .40 South Swansea .05 4 -n7 Scottish Chief 13 4 .i Tetro I64 -18 TTnited Statea com -. . 62.50 Uncle 8am .87 .40 : rtah 1.72 4 1.80 Victoria 2.85 Victor Consolidated 09 .08U x Wabash 44 .46 Yankee 47 Eagle'a Neat 41 .45 Lou Dillon 47 .48 V'tah A Mich . 28 .30 .Tonopah Stocks Golden Anchor .60 Golden Crown 20 .24 Jim Butler 1.55 1.70 MeNamara 83 .88 MontaDB-Tonopah 4.00 North Star 42 .47 Ohio Tonopah 25 .80 Tonopah Consolidated .- 20.00 22.00 ' Tonopah Belmont 6.15 7.00 " Tonopah Extension .... 7.25 8.00 Tonopah Midway 2.30 2.50 1 West End 2.00 Goldfield Stocks 'Atlanta .50 Bine Bull 21 Diam BI. Butte Con... .40 s Dixie .07 .10 Goldfield Belmont 40 Goldfield Bonanza .03 Goldfield M. of Ner 1.20 1.50 Great Bend 52 Jumbo 4.00 Kendall 70 .76 Mohawk 14.50 Bed Ton 4.00 Sandstorm .78 .S3 Silver . Pick 160 1.90 St. Ives 65 .73 Bullfrog Stocks Bullfrog Nat. Bank .52 .60 Denver Bullfrog I 1.35 Gold Bar 1.50 Montgomery Mt ' .60 .66 . Original Bullfrog ..... .12 - Tramp Conaolidated .... 1.55 Eclipse 1.25 ........ Manhattan Stocks ' Granny G. M. Co 21 Jumping Jack .52 Manhattan Con .78 .88 Manhattan Dexter 50 .60 Manhattan L. Joe 03 .07 Sevier Humphrey .15 I , FORENOON SALES. Carisa. 100 at 61c. Daly Judge. 50 at $11 50. Lower Mammoth. 1600 at 79e; 1000 at Lou Dillon. 400 at 4c; 1800 at 47c; 2200 " Nevada Hills. 100 at $2.85; 100 at $2 90. Uncle Sam. 500 at 39c. Butler Libera!. 1500 at 12e. - Black Jack, 100 at 60c ; 200 at 59c; 800 at 68e. Colorado Mining. 200 at 8.c. Therefore when Mr. Rooklidge comes back his friends are prepared to hear him sav: "Bovs. there is nothing at all in it; it's onlv an ordinary Nevada surface showing.' PARK CITY OUTLOOK. Tt is cot altogether certain, but there is a probability that as soon as the Ontario drain tunnel, at Park City, begins to drain the lower levels of the Dalv West, Dalv, American Flag and Dalv-Judge mines, an era of speculation will set in among stock exchange speculators, spec-ulators, and these properties will then experience some such price charges as has been givin the Tintic mines popularity popu-larity among investors and traders. Trie conditions are said to be present in these Park City mines for considerable consider-able speculation, and only the neces-sarv neces-sarv interest in their future need be As exploration work , progresses the extent, of the ore deposits of the camp show corresponding expansion and in practically every respect developments are proving Fairview an exact counterpart counter-part of Tonopah. both in point of permanent- of ore veins and the character of ore disclosed. SIERRA MADRA STRIKE. The Midland company, which is operating op-erating in the Sierra Madre mountains, twelve miles north of Ogden. has made another one of its usual strikes. This time the ore said to have been found carries $20 to $60 per ton. and conies in a streak of one of the ledges that tunnels tun-nels are being extended to cut. As showing how well filled the territory is of blind leads the disclosure is very valuable. val-uable. The management of the company is under Don Maguire. There is other good news also from the property of the Louise Consolidated Consolidat-ed Mining company, two miles north of AVillard. and which company is an Ogden project, financed by Ogden people. peo-ple. Samples sent into that city j-es-terday from this property show that a strike of much consequence has been made, the character of it being sulphide copper. President Fred W. Hillman said that the vein is five feet wide, the ores of uniform value, and all of high grade. There is also enough concentrating con-centrating ore in the fifty-foot vein which has been crosscut, to warrant tha erection of a mill, and th company will probably arrange for. such a plant as soon as possible. NEW STOCKTON. Announcement is made by the management man-agement of the New Stockton company that it will bgin yield in the immediate future. Resources are developed sufficiently suffi-ciently in this mine to afford continuous output not only of crude ores which carrv high values, to the smelters, but also' of concentrates in large tonnages. Therefore the time is said to be near when the New Stockton can join the list of Utah dividend payers. And when this era for the New Stockton arrives there will have been erected quite a high monument to the constructive ability, perseverance and, dogged determination of Manager .1. J. Trenam and a group of very nervy stockholders. They have been investing in New Stockton continuously for several sev-eral years, putting up cold cashfor an enormoua amount of development work, which now has shown a mammoth ore body from the surface down to depth ' ; ' . Arrangements for operating upon a larger scale the property of the Lead King Mining company at McGills will be made at once m case a prospective sale of the property fails to go through. J. F. Brim, president of the company, is in the city conducting the negotiations for the sale, but nothing definite had been decided upon yesterday. . The property is said to be as promising prom-ising as anv 'in the Ely district. Tt owns thirteen claims and. while virtu-allv virtu-allv onlv assessment wohk has been done, the ore carries 78 per cent lead, has an independent vein of copper and extends for a mile within the company's com-pany's ground. UTAH DIVIDENDS. At the close of business hours yesterday yes-terday afternoon there had been marketed mar-keted in Salt Lake during October ores and bullion to the extent of $1,000,000 more than during September, the total to-tal being $2,567,600 . The dividends paid by Ltan mines during the month aggregated $506,630, distributed as follows: United States company $b,bciO Silver King 5J,000 Beck Tunnel 30.000 Mammoth 20.00 Grand. Central .. j.000 Victoria Carisa 5-000 Sacramento o-OOO Utah mine -.: o.ft0 Total . . . . jjj-j- ...$i,'i6,630 WILL KEEP UP FIOHT. At a meeting yesterday of the transportation trans-portation committee of the Tintic Mine-Owners' association, formal acceptance ac-ceptance was made of the reduction by the railroads recently of 25 cents per ton on ores from the mines of the Tintic Tin-tic district. Arrangements-were also made for a continuation of the effort to secure a more satisfactory adjustment of the rates. And it was shown that until these are obtained the operators of Tintic mines wiil be working to considerable con-siderable disadvantage. The leaders in the association declare the fight will never cease until these grievances are rectified and an equality prevails in the shipping charges and equitable privileges are allowed to ev- aroused to bring them into very strong mining exchange lime light. The unwatenng of the lower levels is likely to afford each one of these properties prop-erties considerable ore reserves for immediate im-mediate production, and inasmuch as the prices of the metals they yield have advanced very much since the mines were last giving up from these points anv of the wealth that is stored therein, a larger profit upon the product is anticipated an-ticipated by the companies. The stock of each is therefore worth far more money under present conditions than formerlv. How long it will take investors to recognize these facts is at present impossible im-possible to conjecture; but there is a probability that a vear hence the quotation quota-tion on each of thse shares will be several dollars greater than now. The latest, information from the tunnel tun-nel is that there has been sent through the thirtv feet of rock lying between the tunnel and the old parallel drift and the new bore a second diamond drill. Through this hole the water was said to be gushing under considerable pressuie; but yet in insufficient volume to ass'ire the management that the parts of the old workings which ar caved have been passed by the tunnel bore. It may therefore be aeveTal days yet before there comes any announcement that the actual drainage has commenced in any considerable quantity. But in the meantime the speculation on the stocks of the companies to be benefited by draining may begin with a bull movement. Many of the traders are looking to see several nice profits taken down by people who have been buving the Park City stocks named, while they were low, because the un-watering un-watering of the mines, and their springing spring-ing into producetion larger than heretofore, here-tofore, is going to give holders an op- |