OCR Text |
Show . v- - Oil ; THE klNING EZCZiUIGE iJAT.nroTn c? n:mc rrvrnrzrD. The board of directors of the Mammoth Mam-moth of Tlntlc held their regular monthly, meeting Thursday afternoon In this city and declared the usual dividend divi-dend of 6 cents a share, or J20.000. . This brings the amount paid to the shareholders, this year up to $100,000 and makes the grand total paid out by the company during its existence $1,980,000. Transfer books were ordered closed on tke 8th of December, with distribution distribu-tion to follow on the 15th. Samuel Mclntyre came In from Nevada Neva-da to attend the meeting and Superintendent Superin-tendent Samuel Mclntyre, Jr., came up from the mine for the same purpose. Supt. Mclntyre reports that the drift from the station on the 2100-foot level to the vein is already in ledge matter i and occasional bunches of ore are being encountered. Streaks of manganese are coming into the face of the drift and he expects that it will not be long until the company is shipping from this level The rest of the mine is reported to be looking splendidly and the usual quantity quan-tity or ore Is being mined and marketed. mar-keted. Mr. Mclntyre's report establishes without doubt that the company Is not only making the regular dividends, but Is also putting away a snug sum in the surplus deposit every month. The company marketed two nice lota of gold-silver ore Friday morning. BODY OP 815 ORE IS FOUKD IN CEKTTJBT. The market on the Mining Exchange en Thursday morning was a variegated one and prices, though they showed no startling changes, were about evenly divided di-vided between j-ises and falls. If the total market Is taken into consideration the. general trend was upwards, although al-though there did not appear to be as many strong buying orders on the market mar-ket as usual.. Eagle and Blue Bell was In greater demand than it has been for some time and the line demand was unfilled at 90, although the stock was offered at 91 at the close. May Day again showed weakness and fell off from 24, at which it opened, to 22 on the open board. It appeared weak at the close, but bore all the ear marks of professional manipulation. Silver Shield Is maintaining its price gallantly and even advanced to 134 at the close. ' t South Swansea was in the market with a small block at 6, but the stock was held much higher at the close. Con. Mercur recorded a decided fall and sold down to 354 and 35, and waa freely offered at 35 at the close, with apparently ap-parently small demand for It. ' Columbus Con. advanced to $1.35, possibly pos-sibly on the news that the new mill is working in a fairly satisfactory manner, man-ner, but only an odd block was sold at that price. Lower Mammoth shot up again to tJi with most of the sales for future delivery, de-livery, and Yankee Con. was held up to 37 with little coming out at that ' price. New Tork did not attract as much ' Interest as usual and although it took a little spurt up for a while, it settled down again to 20. The closing quotations follow: Bid. Asked. Ajax $ .10 $ Aiice 40 .80 Boston Con 7.00 Bullion Beck 1.00 t.OO Beck Tunnel 08 .13 Butler-Liberal .11 .12 Carlsa IS .14 Con. Mercur 32 .35 Century , 16 .19 Creole .40 Daly 2.25 2.45 laly-Judge 4.85 Daly West 12.80 13.40 Eagle & Blue Bell 90 .91 Galena 07 Grand Central S.4) J.76 Goldfield Eon .... .05 Horn Silver 1.20 Ingot ; 01 .02 Jim Butlor 50 Joe Bowers 111 .? . . Little Chief V ".. .02 .02 Lower Mammoth ... .11 .18 Montana Ton., 1.65 1.82 Mammoth ........... 1.67 1.75 May Day 23 .20 Martha Washington .01 McNamara 21 New Tork 20 .23 Ontario 3.95 4.50 Richmond-Anaconda .. .... .01 .03 Scottish Chief 07 .11 Sunshine .... .04 South Swansea 05 .08 Sacramento 10 .10 Sliver King i. 49.00 Star Con ". 15 .15 Silver Shield 13 .13 Tonopah 9.37 Tonopah Bel. 68 .80 Tonopah Extension .... J.15 Tonopah Midway 30 .38 Tetro 19 .20 United States .. .. 28.00 Uncle Sam Con .22 . .24 Utah , .60 Victoria . I. OR 2.80 Victor Con 03 .05 Wabash 60 . Yankee Con: 37 .38 THIS MORNING'S SALES. Eagle & Blue Bell. 300 at 90c. May Day, 1000 at 24c; 500 at 24c; 1600 at Z3c: 500 at 23c. Silver Shield. 1000 at 13c South Swansea, 1000 at 6c. OPEN BOARD. Con. Mercur, 100 at 35V.C; 150 at S5c. Columbus Con.. 65 at $1.35. Eagle & Blue Bell, 20 at 90c. Lower Mammoth. 1000 at 17c; 1000 at 17c, buyer thirty days. May Day, 500 at 23c; 1500 at 23c; 600 at c: 1000 at 22c; 1000 at 22c. New Tork, 500 at 22c; 600 at 21c; 500 at lc; 1500 at 21c; 25 at 20c. Silver Shield. 500 at 13c. 1 Yankee Con.. 100 at 37c. ) - TOTALS. Regular. 5900 shares. $1320. : Open, 10,640 shares. $259.50. ' Total, 16.540 shares.jM909.50. Although the bears have been hammering ham-mering the price of Century down for some time and there have been several disquieting rumors about the property, the dealers who are short are very liable lia-ble to get off wrong on that stock. Word has Just been received from the mine that a body of $15 ore has been uncovered and the quantity of this Is sufficient to turn out profits for a long time to come. When the lower tunnel was run and a drift was started for the main Century vein it was found that the vein dipped more than was expected and the drift did not reach It as soon as was hoped. When the drift did reach it the streak on the foot wall of the vein was found to be barren although It was raised upon clear up to the uppe"r tunnel level. This was very disquieting, but when the first raise was abandoned another was started on the hanging wall streak and six feet of fine milling ore was uncovered. un-covered. This was followed up- to the old workings and was found to extend from the . lower to the upper tunnel levels. The average value of the ore body is found to be about $15 per ton. Not enough of this ore has been put through the mill as yet to enable the management to speak with certainty as to what the process will do with it, but if no obstacle is found to the successful milling of this ore the mine Is practically practi-cally proven to be as good as ever. This ore body practically removes the fear of an assessment, which was rumored to be in contemplation, and in addition to this the 'other development work Is showing the most satisfactory results. I SOME RUMORS THAT GO ON THE MINING. EXCHANGE. Recent operations on the mining exchange ex-change have not helped the increase of business a bit and It is hardly to be wondered at that the public for a long time was afraid to risk Its money ln mining stocks either for a quick turn or for a permanent Investment. Some of the stocks have been fluctuating fluctuat-ing in a most unheard of manner and so far as Information is obtainable without with-out the slightest foundation In the conditions con-ditions obtaining at the mines themselves. them-selves. ' May Day is the principal' example. Without warning and without cause, so far as the condition of the mine is concerned, con-cerned, the price dropped from 35 to 21 cents. A good many reasons have been assigned for this, but not a- single one has to do with the conditions at the mine. One reason which is put forward is that a very heavy operator in this city who has carefully examined the property prop-erty and had expert opinion on it was very desirous of obtaining the stock. He did not. however, see the use of buying buy-ing at the hjgh price of 35 cents, and so. having a lartfemount of capital behind him, he forced the price down until the holders who had made profits on the stock began to let go. As soon as they put their stock on the market it was snapped up by the representatives of the capitalist. It is claimed that when he has become possessed of a sufficiency of the stock the price will be allowed to eo un arain. ' Child, Cole A Co., Brokers, I 100 Atlas block. Both 'phones 325. ' I ! STAR CON. SHAREHOLDERS '. ARE COMING IN SLOWLY. ' I '. The time Is rapidly approaching when the shareholders of the Star Con. j will be required to deposit the purchase , price of their pro rata share 'of the i 100,000 shares bought from former Pres-' Pres-' ldent Milan Packard and sold by the 1 company to the shareholders. The price fixed for the shareholders ; is 16 cents and the management is con-'. con-'. fident that most of the shareholders will ! put up the money for their share, al-i al-i though not many have come in yet. : However, it is natural that they should : wait for the last minute until they put ; tip the money in order to watch the market. If all the stock Is not taken up by the ! shareholders, what is left will be dls-; dls-; posed of in some way by the directors, i They have not as yet decided as to i whether it will be thrown on the market - or not, but they are confident of finding a ready sale for it. In the meantime the work is contlnu-; contlnu-; Ing satisfactorily. The winze is being , sunk below the 600-foot level and suffl-. suffl-. cient low grade ore is being shipped to ; defray all expenses without appeal to the shareholders. While no sensation- al strikes are reported, tt is understood 1 , that an immense amount of low grade .' ore, which can be mined and marketed at a nice profit, is being blocked out HARRY SHIPLER HAS MOVED to 151 South Main. 'Phone 2825-K. I go anywhere to photograph anything. There are a dozen other similar rumors ru-mors and even if none of them are true, still it hurts the market not only in the particular stock mentioned, but in every other, and it Is poor policy, to say nothing of the moral aspect of the case. WASATCH RANGE FORMS. Articles of incorporation of the Wasatch Wa-satch Range Mining and Milling company com-pany were filed with the Secretary of State Friday. The capital stock Is placed at $75,000, which la divided into 150,000 shares at a par value of 60 cents. American Fork is named as the principal princi-pal place of business. . METAL MARKET. The metal market remains the same on Friday, silver selling for 69 cents per ounce, copper at 14 cents per pound, and lead in ores at $3.50 per 100 pounds. The A. S. & R. Co.'s actual aver- age weekly sales price for desl- verized domestic lead In New Tork is $4.20 per 100 pounds. AFTERNOON CALL. ) Carlsa sold 50o at 13c, Eagle & (j) J) Blue Bell sold 100 at 90c, and Little ( Chif sold 6KK) at 2'4C. - Liverpool Wheat. LIVERPOOL, Dec. 2.-Close: Wheat Ts d; March, 7s Sd; May, 7s td. |