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Show i.j'HZ5T IS iiicSEIi JIB BUSINESS IS BETTER associates knew this whejj they bought No further1 news has been released concerning the sale except it ia a certainty cer-tainty that It will go through end the action of the directors will receive the sanction of the stockholders. GREAT MILL GEINDI2TG ' OUT TEX DOLLARS. Now that the work of sinking and drifting for the vein which enters the Utah Copper company's domain from the Ohio Copper company ground has begun and is proceeding smoothly Man-ager Man-ager D. C. Jackling has turned his attention at-tention to the Colorado Interests of which he has charge and left Wednesday Wednes-day night for that State. He will remain re-main only a few days unless he finds matters there which require his actual presence Imperatively. The great mill of the company is still grinding out the dollars for the shareholders share-holders and the company marketed about 100 tons of fine concentrates Thursday morning. As the work at the mine Is going it will not be long before another unit Is added to the great mill which handles the crude ore before It gets to market. i PROFITS IN OVERLAND. As was predicted, the Increased tonnage ton-nage which is now being put through the plant at the Overland is making a wonderful difference in the profits of that plant. It cost Just as much to run the mill when it was running on half the tonnage now sent through it and while the margin per ton is not large It is sufficient to pull the company out of the hole and put it on its feet if the proper economy and care is exercised. The new ground opened up in the mine at greater depth than ever before reached is showing up splendidly and the' contents of the ore in these deeper workings is steadily Increasing. The difference was noticeable as soon as the ore from the lower workings began to go through the milL METAL MARKET. 0 () Silver advanced sharply Thurs- () W day morning, selling at 69T cents an ) ) ounce. Copper remains at 14s cents W () a pound, and lead in ores at $3.60 ) 0 per 100 pounds. The A. S. St R. 0 0 Co.'s actual average weekly sales () ) price for desilverized domestic lead () ) In New York Is $4.40 per 100 pounds. ) NEWS FROM SHEBA. Judge Bartch, who has Just returned from a visit to the Sheba of Humboldt county, Nev., reports that very little change has taken place in that property prop-erty since his last visit. The connections connec-tions have been made with the old workings and the new tunnel which drains the property and a chute put in from the old tunnel level to the new tunnel leveL The ore exposed in the old workings can nowtbe gotten at, as the water difficulty is) settled, and the rhowing in the old workings, which have Just been cleaned out, is most encouraging. en-couraging. Preparations are now belngi made to thoroughly explore and develop the Sheba vein at the depth reached by the lower tunnel level, and news of Importance Im-portance Is expected at any time. CENTURY ASSESSMENT. The directors of the Century Mining company have levied an assessment of 4 cents a share, or $6000 on the capital stock of the company. Thls assessment will without doubt be followed by others oth-ers until as much as $20,000 has been raised. The company is in debt to early-day early-day stockholders for money advanced as voluntary assessments in the sum of between $8000 and $9000, and the development devel-opment work necessary to get the property prop-erty on its feet and paying again, together to-gether with new equipment required, will eat up the remainder of the sum raised. NEW GOLD FIELD COMPANY. The new company which will enter the State of Nevada to try for some of its rich plums under the auspices of Fred Fllndt and O. A. Tlbbitst has been named the Goldfleld Exploration company. com-pany. Within a few days the field forces of the company will start for the scene of operations. Capt. Tibbits will go to Goldfleld by train, while Mr. Fllndt and Clarence Kookledge, the assayer, will drive in from Callente, outfitting at that point. The subscription list of the company com-pany has been closed and the following officers elected: V. Mont Ferry, president; presi-dent; R, S. Connor, treasurer, and J. J. Snyder, secretary. -The business on the mining exchange Thursday morning showed up far better, bet-ter, than that of any day so far this week. The general trend of the market was higher and prices showed a general, gen-eral, advance, although there were a few exceptions. More of the higher priced stocks were In evidence and the buying orders seemed more numerous. Daly-Judge maintained all the strength which It had gained and sold at $5, but little stock came out at that price, as it Is very closely held, and the demand was unfilled although the price was freely offered. May Day showed little chanse and was little traded In, although 324 was offered steadily 'for . it. Sacramento 6howed little improvement, improve-ment, although the demand was steady and large and the price advanced from 10c to 10c on the heavy buying. Uncle Sam Con. was strong at 24c, although more stock was to be had at that price than there was any demand for. Cen-.tury Cen-.tury hit the toboggan and fell off to 13c with apparently a large block on the ' market. Lower Mammoth also fell and told down to 12c. This stock Is unparalleled un-paralleled in its unexpected changes. New York was in big demand and the price was steadily forced up to 24c, although al-though It sold slightly lower than that figure on the open board. Columbus Con. was dealt in to a slight extent at $1.27, -the fall being due somewhat to - th- shutdown at the mill. Daly was strong, but did not touch the figures recorded' during the recent flurry, selling sell-ing $2.6"0 down to $2.60, although pnly an odd block went at the latter price. Daly West was at the same figures as on Wednesday, and was In small demand. Star Con. remained at 15c, and Yankee Con. at 37c, although both attracted some attention. South Swansea, moved up to 7c "The closing quotations follow: i Bid. Asked. AJax I I .Wtt I -1&V4 Alice 30 .... Boston Consolidated ....... 6.00 7.2o Bullion-Beck 1-fO 2-00 Beck-Tunnel Butler-Liberal .13 Carisa .12 -"4 Consolidated Mercur 23 .36 Century 13 .14 Creole Daly 2 60 2.0 Daly-Judge 6.00 Dalv West 12.00 12.8 F.agie & Blue Bell .75 1.00 Goldfleld Bonanza 04 Horn Silver 1.Z5 . Ingot -(2 Jim Butler , Joe Bowers -4 IJttle Bell 20 Little Chief 024 -024 Montana Tonopah 1-80 Mammoth 1-55 1.97 May Day 234 -234 . MacNamara 20 .... New York 23T4 -24 Ontario 3.25 Rooco-Homestake 20 .50 Rlchmond-Anaoonda 01 .03 Swansea -35 South Swansea 05 Sacramento -. 10 .104 Silver King 45.00 63.00 Star Consolidated 144 -16 Silver Shield W4 -10?4 Tonopah 9.50 .... Tonopah Extension 2.) .... Tonopah Midway 32 .39 Tetro 19 .224 United States '. 25.00 I'nrle Sam Consolidated.... .23 .24 Itah 50 Victoria 1.8S J. 35 Victor Consolidated Wabash 35 .75 Yankee Consolidated .35 .... THIS MORNING'S SALES. Daly-Judg. 10 at $5. May Day. 2000 at 234e. . Sacramento, 1000 at 10c. Vncle Sam Consolidated. 600 at 24c Century, 1200 at 14c: 500 at 134c. New York, 600 at 23c; 300 at 234'e; 600 at 234c; 600 at 24c OPEN BOARD. Columbus Consolidated, 500 at $1-27. Century. 600 at 13c. Daly, 410 at $2.60; 100 at $2.69; 12 at $3.50. Daly West, 20 at $12.75. New York. lOrt) at 23c; 2000 at 234c Sacramento, 3000 at 10c; 500 at 104c Lower Mammoth. 30 at 124c Star Consolidated. 100 at 15c. South Swansea, 500 at 7c. Vncle Sam Consolidated. 600 at 24c. - Yankee Consolidated, 600 at 37c TOTALS. Regular call. 6110 shares, for $1392.75. Open board, 10.832 shares, for $32.75.' Total sales, 16.942 shares, for So255.&0. Child, Cole & Co., Brokers, J" 100 Atlas block. Both 'phones 323. FINE SHIPMENT FROM . OASIS OF DRUM DISTRICT. The Oasis company of the Drum district dis-trict appeared on the market Thursday with a fine shipment of goldjre. The amount shipped Is about fourteen tons and the controls show values of slightly more than $20 in gold and corresponding correspond-ing values in silver. The regularity of the gold values of this ore is remarkable. remark-able. It runs Just about one ounce per ton in the yellow metal and seems not to vary at all. -The ore on the market contains prac-1 prac-1 tlcally no copper, but the company has ore in the property which carries that metal very heavily and a shipment of the copper ore is expected at any time. The gold values in the copper ore are identical with those In the gold-silver vein, but the copper makes the product much more to be desired by the smelters. smel-ters. The Oasis is paying for itself and is asking nothing of the shareholders or anyone else and without doubt the ma.nagement will shortly install a five-stamp five-stamp mill with which the gold ore can be treated more economically. It would have done this before, but the manage-' manage-' ment is strongly averse to going into . ' debt and is determined to make the 1 mine pay for its own Improvements. '. SOLUTION OF TROUBLE AT DEXTER-TUSCARORA. The shipments' of cyanides which have ' appeared recently on the local market from the Dexter-Tuscarora of Tusca- rora, Nev., make it certain that a proc-. proc-. ess has at last been found which can and does handle the refractory ores and tailings of that property at a nice profit. Mr. Leever, formerly with the Charles Butters laboratory in this city, has charge of the plant and designed the , equipment for the reduction of the ores. The Dexter has any amount of ore in sight, but the difficulty has always been to recover the values from the - slimes. This sliming tendency caused the shut-down of the property for years and many expert metallurgists and mill .' men experimented on the ores without . satisfactory results. It has at last been proven, however, that the ores can be handled at a profit. The Eastern syndicate syndi-cate which recently purchased the prop-eriS prop-eriS 'rm CoL M liner, John Pern and MINING NOTES. The plant of the Stockton Gold Mining and Milling company has been started up, and although It Is not running steadily or at capacity as yet, it is I working smoothly. G, M. Palmer and J. M. Jones, Eastern East-ern stockholders of the Stockton company, com-pany, are in the city to, inspect the property. Capt. T. F. Singiser of the American Flag has gone East for his health. Ben T. Lloyd has secured three claims in the Goldfleld district. ( Superintendent J. P. Turner of the Yankee Consolidated spent Wednesday in the city. The stockholders of the Silver King will receive a $100,000 extra dividend as a Christmas present. The distribution will be made December 23. J. Q. . Broacher of Mountain " City, Nev, Is in the city. . A. F. Bettles, M. M. Johnson and others oth-ers of the Newhouse staff have returned re-turned from the Cactus. S. M. Levy departed Thursday morning morn-ing for the Buckhorn at Ophlr, Tooele county. George Moorhouse has returned from Nevada. . |