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Show ADDITIONAL MINING. - t m i-i i - . NEW YORXEB HEBE. W. A. Douglas of 26 Wall street, New York, is in the city from Ely, where he celebrated with the citizens of that district dis-trict the opening of the railroad featur-day featur-day end Sunday, and from what he savs, Mr. Douglas has considerable cause for celebrating also his own good luck, for he foresaw the future of the Ely country coun-try over a year ago, and sent prospectors prospect-ors over there from Pearl, Ida., where he has interests in the Pearl and other mines. , These men were good prospectors, too not the kind that accept grubstakes and never afterward show their faces to their financial good angels. The men Mr. Douglas equipped for a trip into the Ely district were bonest, it appears, as well as hustlers. They were 8. J. McDill and Robert String. Upon reaching the heart of the district dis-trict nothing appeared available for a new man, and thev went fourteen miles away, into the Duck Creek country. Here the indications were jood, and stakes were planted on nine claims four in one group and five in another. Between these groups are five claims owned by Tex Bickard, the Ooldfield prize-fight promoter. Assays from the surface showings on Mr. Douglas' claims show an average value of over $50 per ton in silver and lead. The ore is splendid flux, and he says can be marketed profitably. These claims adjoin the Duck Creek property, he says, of former Lnited States Senator Sena-tor Kearns and David Keith, and the ores are equally as rich, in a four-foot vein, as are the ores in the bonanza magnates' holdings. Mr. Donglas will remain in Salt Lake some time. He was making arrangements arrange-ments today to send in supplies from Salt Lake preliminary to cu'shing development de-velopment during the winter. He does not expect to stock the property, but will develop it himself, being backed by a syndicate of personal acquaintances acquaint-ances ia Gotham. OBE AND BULLION. The price of copper today is $19.27 per hundred pounds at the smelters, and the producers of Utah have become beneficiaries of a greater advance than had been anticipated. Weeks ago it was predicted that the price would rise to the $19 mark, but scarcely higher, by the 1st of October. The quotation this morning is just 29 cents per hundred pounds above the rate which prevailed last week, and its full Sionificance to the - producer ia best shown when the fact is considered that the State has produced so far this year 65,000,000 pounds of the red metal, or about 7,225,000 pounds per month, and approximately 1,806,000 . pounds per week. Applying the 29 cents advance to this yield during the coming week, shows that there will be paid Ltah mine owners own-ers almost $50,000 more during this time for the same bulk of product than has been collected for it during the last seven days. A-e strengthening of the price is enormous in its magnitude, and decidedly decided-ly surpassing in its influence upon not onlv the mining, but all other industries of the State. Indications are that there will be a further advance next week, and the only shadow on the faces of the State's mine owners are fears that they will be compelled to close mines, and that the smelters will be forced to suspend sus-pend operations for lack of coal. There is little prospect today of the mines and reduction plants securing a sufficiency of this fuel, and at best they are hoping to receive only enough to skimp along from dav to day. The Utah Consolidated is the only plant in the State which has assurance of enough coal for continous Operation, as this company has, it is said, an ironclad iron-clad contract requiring the railroads to furnish eoal under penaltv of forfeiture of large damages for failure. No coal is said to have arrived at the Garfield smelter since last Friday, and only one car has reached the Murray plant of this corporation in a week. This makes the outlook ominous for the producer in the face of the greater prices of the metals, unless the railroads get the cars and bnng enough coal into the State to keep the wheels of the reduction re-duction plants and the furnaces going, and the mines in continuous operations. Silver was quoted today at esic also manifesting an upward tendency that is phenomenal and unexpected to the operators. op-erators. Lead remains firm at $5.75 per hundred hun-dred pounds. Settlements for ores marketed in Salt Lake yesterday, according to McCor-nick McCor-nick & Co.'s report, aggregated $28,000; bullion aggregated $30,000; total, $108,-000. $108,-000. Clearances of ores today from the Taylor & Brunton sampler "included 8 ears from Tintic, 1 rrora Idaho, 4 from Good Springs, 2 from Nevada, and 4 from California; total, 19 cars. The Pioneer sampler sent out 3 cars from Alta, 2 from Nevada, 1 from Idaho, 3 from Stockton, and l.from Bingham; total, 10. Grand total from the two samplers, 29 cars. |