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Show ,-; ';;QN; MINING. EXCHANGE secure a mucb more satisfactory working work-ing charge. r - - . - THINGS LO0KUTO 3ETTXa ' FOB STAB CON. MINE. The shipment of 8tar Consolidated ore which arrived in the city two days, ago ha not as yet Been assayed awj the stockholders of the company are eagerly awaiting news of It. If the shipment will net the company a -decent profit It means that the future of the company is assured, an this shipment is as' near as possible an average of the Immense body of second-class ore which la at present blocked out in the mine. . . - . There is & shipment of first-class ore now being prepared at the mine which, when It is marketed, as It will be. before the week Is over, will make some of the Doubting Thomases who have decried the property open their eyes. If it is found profitable to mine the second-class second-class ore and ship it, a large quantity of high-grade ore is botmd to be broken at the same time, a it occurs all through the low grade and only requires sorting. Old accounts incurred under the management man-agement of Milan Packard 'have been coming ift continually and have caused the present management no little annoyance, an-noyance, as they did not expect them. However, this trouble Is about over and the affairs of the company are looking brighter every day. ENCOUBTEBS A BODY ' ' ' OF PINE LEAD ORE. - Samuel Mclntyre, Jr., superintendent of the Mammoth of Tintlc, who came up from the property on Tuesday announces that while running a drift to the gold-bearing gold-bearing ledge on the 1000-foot level of the mine a body of fine lead ore was encountered encoun-tered and although the extent of the ore body has not been as yet determined It exhibited a full breast of ore in the drift when Mr. Mclntyre left. Assays on the ore disclose values of 46 per cent lead, 30 ounces of silver and 34 gold a ton. Mr. Mclntyre states that the values of the gold ledge show no sign of diminishing on the 1900-foot level and they give every indication of going to even greater depths. ' The circus parade played havoc with the business on the mining exchange . this morning. There was no business done on the open board at all, and it is lucky that -the regular call was ended , before the band wagon bove In sight. Very few stocks were dealt in and all , of these were weak as to price. ' - Daly West - still continues on Its downward career and sold down to $13.40, with considerable stock changing hands between that price and $13.50. ; . Silver Shield was obtainable at 2 - cents and Century was hammered down - from 28 cents asked on yesterday to 30 ! cents, - and closed at 81 cents asked i and SO cents bid. -, . ' - : ' , The trading In Century was brisk. . . Yankee Consolidated advanced elight-ly elight-ly on the rumors of a proposed dividend and sold as high as 36ft cents, but closed with 36, cents asked and 3M4 .cents bid. Daly and Daly-Judge were tooth strong, as was Star Consolidated, but Sacramento showed weakness. The ! - other stocks showed no change. . 1 .. The total . number of shares sold ' V .. amounted to 2855, which brought In x $263X12. . The closing quotations follow-: Bid. Asked. AJax ............. ............$ .02 $ .04 Boston Consolidated 6.25 .... ' Butler-Liberal A.f .09 .( Carisa 08 .10 Century ) . .81 Consolidated Mercur .90 " -84 : Daly 2.36. 2.60 . Daly-Judge 4.00 4.50 . Daly West 13.00 13.60 ! Eagle ft Blue Bell .65 .75 i Galena ...... .03. - , .... ! Grand Central 8.10 . 3.75 i - Horn Silver 1.00 .... In pot - V'fli ! Jim Butler 0 - .77 . Joe Bowers 00 , .00 Little Chief - .01 ' .... i Montana-Tonopah 2.83 2.43 Mammoth 1.40 .... : May Day .00H .00 Martha Washington 00 . .01 . New Tork .03 .04 Ontario S.50 .... 1 Pelro -W 1 Richmond-Anaconda 00 .... Rocco-Homestake .50 8wansea .45 South Swansea , .02 .... - Sacramento '. .10 .11 Silver King 60.00 1 Star Consolidated -.12 .13 Y Silver Shield .02 .02 ' Tonopah ....i 8.00 8.75 , Tonopah Belmont 60 . .80 ' Tetro 32 - .33 i Tonopah Extension ..I .90 1.30 .j Tonopah Midway .32 .62 Uncle Sam Consolidated ... .21 .23 Utah .49 Victoria 1.10 Victor ' .01 Wabash .01 .... ! Yankee Consolidated .35 .86 THIS .MORNING'S SALES. . Daly West, SO at $13.50; 20 at 213.40, seller . ten days; 50 at $13.45; 60 at $13.40. i - Silver Shield, 1000 at 2c. ' Century. 200 at 30c; 600 at 30c; 100 at S0c; 1000 at Sic; 500 at 30c, seller thirty . days. ..' : Yankee Consolidated, 200 at 36c No open board sales. , TOTALS. , . , ' Regular, 2855 shares for $2633.12. ' -l METAL MAEKET. f Silver advanced - slightly on Wednesday, being quoted at 68 cents per ounce. Copper remains the same at 11 cents per pound. and lead in ores commands $3.50 per 100 pounds. The A. S. & R. Co.'s actual aversge weekly sales price for desilverized domestic lead In New York is $4.10 per 100 pounds. HEW ISJNTNd COMPANY. Articles of incorporation were filed with the County Clerk Tuesday for the Independence Copper and Gold Mining company. - The incorporators are Fred Carlson. Emma S. Hill. Charles Park and Frank Birch of Murray, and O. E. Leatherwood and E. R. Morgan of Salt Lake. The capital stock is limited to a half million shares at 10 cents each. BULLION- SETTLEMENTS. McComick & Co. report the ore and bullion bul-lion settlements in the open market for Tuesday as amounting to $98,700, which was divided as follows: American bullion, $35,900; gold bullion, $3200; gold, silver, lead and copper ores, $69,600. MINING NOTES. The Taylor-Brunton sampler reports the arrival of one car of ore from Nevada, Ne-vada, one from Idaho, three from Tin-tic Tin-tic and two from Bingham. Capt. Raddatz, superintendent of the Honerine of Stockton, has been ill for several days, and has been recuperating recuperat-ing at his home in this city. William Griffiths has Just returned from an outing in Big Cottonwood canyon. can-yon. Mr. Griffiths did not look over any of the mines, but confined himself to the search for finny monsters. . Ernest Bamberger, assistant manager of the Daly West, returned on Tuesday night from Park City. 9 The Mammoth of Tintlc has 400 tons of gold ore of good grade on the market mar-ket on Wednesday. The recent assessment of 25 cents a share on the stock of the Albion has all been paid in with the exception of 200 shares. . A fine body of gold-bearing quartz has been encountered In the shaft of the Hardinger mine at Park valley. H. S. Joseph has gone to Idaho for a few days' trip on mining business. E. A. Wall left for the Sheba in Humboldt Hum-boldt county, Nev., on Wednesday. Henry" R- Ellis, the well-known mining mi-ning engineer, has returned from Beaver Bea-ver county, where he has been examining exam-ining the properties of the Majestic Mining Mi-ning company. C. E. Allen has gone to Bingham to see the tramway from the United States to the loading station go Into commission again. The work of stringing string-ing the new traction cable has been completed. t A. B. Lewis Is again reported as having hav-ing left New York for this city. His arrival Is eagerly awaited. The divers who have been employed at the Utah Copper company's plant have completed their work and left for California. The report that the Yankee Con. would resume the payment of dividends is officially denied. A. F. Bettlea of the Newhouse forces leaves for the East on Wednesday to hurry shipments of machinery for the Cactus mill. No official confirmation of the strll In the Bullion of Stockton can as yet be obtained. ' " Today's Temperatures. o'clock 1 S degrees '7 o'clock ...... i 66 degrees $ o'clock "4 degrees o'clock : " degrees 10 o'clock 79 degrees 11 o'clock .v. 81 degrees 12 o'clock 82 degrees 1 o'clock .......... ... -S3 degrees MINES PAYING OUT ! LARGE DIVIDENDS . i . " ' I ' Things are beginning to liven up about this time in the dividend line. The Silver . King on Wednesday distributed $100,000 which brings the amount distributed during dur-ing this year up to $800,000, and the total amount divided among the shareholders to $8,126,000. In addition to this the surplus is said to exceed $500,000 and is being added to with every month's production. More- : over the ore reserves in the mine indicate that this rate of profit will be maintained main-tained for many years. The transfer books of the Mammoth closed on Tuesday for the dividend of $20,000 which will be paid out on Monday next. The Daly West books close today , and its distribution of $72,000 will take place on August 15. The T3rand Central . directors met In Provo Wednesday to de- clare the usual monthly dividend of $25,000. The United States distributes 50 cents a share or $200,000 on Monday, and the Utah of Fish Springs will In all probability resume re-sume dlvideds this month. It is rumored that the Horn Silver, will post a dividend of 6 cents a share or $20.0u0 at the ap- - proachlng meeting ki New York. IMPROVEMENTS AT THE BUTLER-LIBERAL . !. .. ! The management of the Butler-Lib-. ral is now prosecuting a piece of work which has become necessary for some time and which though expensive will be of great benefit to the property. I ' The - company no longer has room, at the mouth of the tunnel to dump waste and after waiting for the county road to be moved, as was proposed. Manager Jacobs lost patience and picked out a place on the hill where he will have dump room for the next twenty years. Having located the spot by a survey started a raise from the tunnel to the surface. This raise will be 230 feet in extent and all the waste will be raised through it to the surface. A small hoist will .be placed at the collar of the shaft as soon as it is completed, and operated by compressed air. This bolst has not been ordered, but will be purchased pur-chased as soon as the raise is completed. This will occur about the first of the month. After the raise has been completed com-pleted work will be recommenced on the tunnel. " ' . The road up the. hill to the new shaft site has already been completed. The advantages of the raise are that it not - only gives an outlet for the waste of the mine, but furnishes proper air circulation cir-culation 'without which the low workings work-ings could not be operated. Also it wilt cut the ledge between the tunnel and the surface and thus the exact pitch of the vein can be determined and how much further the main tunnel will have to be run in order to strike It. The main tunnel is now in 820 feet. I Manager Jacobs is not entirely satis-fled satis-fled with the contract under which the . ' ores of the Butler-Liberal are being handled by the American Smelting and lie fining company and as the contract will run out at the end of this year hs will seek bids from some of the other smelters for the handling of the Butler-- Butler-- Liberal product. He believes that with the present fierce competition . among the valley Smelters he will be able to |