OCR Text |
Show PRICES SHOT TO PIECES FIRST SALE OF THE YEAR AFTEKNOOIT CAUL Wabash sold 200 at $1.90 and ftOO at $1.80. May Day sold 100- at KW4c, 600 at lOHc, and 600 at 10c seller S) sixty days. Yankee Con. released 100 at J8c, and a like amount of Daly brought $2.68. Daly West sold A I at $12.76. 1 road with the same number of teams. The road down from the mine to the mouth of the canyon la in the best of condition, but of course the ore has to be transferred to wagons at the mouth of the 'canyon. . Another reason which ha tended to aid the increase of production is the fact that the ore has recently become much softer, so much so Indeed that It can be mined without powder and the men have to do little more than shovel It Into, the cars. . STAB CON. SELLS PACKARD'S STOCK. The officials of the Star Con. of Tin-tic Tin-tic announce that the entire amount of the 100,000 shares of stock purchased of former President Milan Packard has been disposed of and the proceeds turned Into the company's treasury. Just what price was paid for the stock and to whom it was sold the directors di-rectors decline to reveal, but it 1 certain cer-tain that the amount will fill out the stocking; of the treasury of the company to quite respectable dimensions. The development work at the mine still continues. In conjunction with the mining of low-grade ore which is sent to this market, and things are looking most encouraging on the 600-foot level. The quarts and spar are highly mineralized, miner-alized, and the management of the company is confident of finding a big ore body in that portion of the mine. Meanwhile the company continues to do this work without calling on the shareholders share-holders for assistance. FIND IN SILVEB DIPPER. The recent development work on the Silver Dipper at Alta, owned by D. H. Peery and others of this city, has shown up an eight-inch streak of ore which runs 22 per cent copper, thirty-eight thirty-eight ounces of silver and $2.20 gold per ton. This streak was encountered in an open cut on the surface add the Indications Indi-cations are so bright that it Is very likely that systematic development work will be done on the property in the near future. The assessment work, which was done under the direction of John Stillwell of Alta, has been completed com-pleted and the property Is safe for another an-other year at least. The first call of the new year on the mining exchange showed a nice amount f business done, especially on the open board, but In general prices were shot to pieces and the general, trend of the . market was very weak Indeed. Prices fell with a crash all down the list, but It Is believed that the slump Is merely temporary. . Mammoth was the first to hit the ;ide. That - stock sunk .rapidly to $1.164, with a nice block coming out at that price, and closed at $1.10 bid and . $1.17 asked. Victoria was strong and a trifle higher, high-er, "but little of the stock changed hands. The prevailing price was $2.10. New Tork opened vary weak Indeed nt S4Hc, but the persistent demand caused the price to rise gradually on heavy trading to 27c at which price . the stock closed on open board. Butler-Liberal showed little change, being obtainable at 12Hf . but the trading trad-ing was torpid and little stock was transferred. Carisa was quoted at 11 c and closed with lie bid and 12c asked. Daly-Judge was obtainable after much haggling at $5. but little of the ftock seemed to come out, even at that price. - Lower Mammoth fell oft to 7c. but little interest was shown by either buyers buy-ers or sellers. Silver Shield, after making a gallant : fig:ht. dropped to "IV. Uncle Sam Con. was apparently strong at the opening at 22c. but the f teady selling forced it down to 21c, at xvhich price quite an amount changed hands. May Day did no business on the regular reg-ular call, but on the open board the price fell from 12 to 10Hc, with every prospect of a further fall. The closing quotations follow: ' Bid. Asked. Jx $ .u. $ .18 Alice 35 .80 T?oton Con. 6.25 6.76 P.ulHon-Beck 75 1.25 Beck Tunnel 08 . Thitler-IJberal 17i .134 Carisa .11 .12 Con. Mercur v.. .ii .38 Creole .40 . Dly 2.521 2.60 TVUy-Judge 4. SO rialy West 11.60 12.75 ' Eagle ft Blue BeU W ' Orand Central 2.83 Goldfleld Bon .10 Horn Silver 1.25 Jim Butler .50 T.ittle Bell 40 little Chief 02 .02 Montana Ton.. 1.75 1.96 Mammoth 1.10 1.17H May Day 11 .13 Martha Washington .01 McNamara .21 . Xew York , 26 .26 Ontario S.90 Roc co-Home take ' -55 Sunshine .04 - Pouth Swansea .07 - Pacrampr.to 09 .10 ilver King 60.50 1 Star Con.... 10 Si!vr Shield .10 Trtnnnnh 9.7n 10.25 AMERICAN FLAG OEE. John Rhodin, manager of the American Flag of Park City, is In the city with a 160-ton shipment of ore from that mine. It is, the Intention of the American Flag to ship regularly In the future. Mr. Rho. din states that things are running very smoothly In the property. A rich streak four feet through haa been encountered In crosscutting the ledge on the UOO-foot level, and more bodies are expected before be-fore the lime Is reached. It is the Intention of the management to sink the shaft still deeper before spring. In order that they may have plenty of room to handle the surface water. SATISFACTORY PROGRESS. Manager Henry M. Crowther of th Continent?.l-Alta spent New Tear's day at that property and reports that while the holidays have interfered somewhat with the progress of the work on the tramway and pipe-line, still the amount of work finished is very satisfactory. satis-factory. The framing of timbers still continues and as the holidays are now over the construction of the remainder of the angle stations will be rushed to a conclusion. MINING NOTES. M. M. Johnson has departed for the Cactus of Beaver county. C. H. Doolittle. manager of the Utah end Eastern mines and smelter near St. George. Is In the city on a business trip. He reports those properties running run-ning smoothly. - S. M. Levy will leave the latter part of the week to Investigate the reported strike in the district west of the lake. The Park City Miner has suspended publication and the printing plant will be moved to this city, where N. B. Dresser, the owner, will engage In the Job printing business. -C. W. Webb of Loon Creek, Ida., Is a guest at theWilson hotel. The Victoria of Tlntic will shortly resume re-sume shipments. ) George Robinson cf the Tlntic Mining Min-ing and Development company is down from the Britannia of Vancouver, B. C. 3. It Is announced that the assessment work on the Copper Ranch of Beaver county, has been completed. P. W. Madsen. manager of the Century Cen-tury of Park valley, suffered a painful fall- while on a recent visit to that, property and Is limping painfully as a consequence. George Dern, manager of the Consolidated Con-solidated Mercur, left for camp Tuesday, Tues-day, morning. . The Ohio Copper company marketed one car of crude ore and Sine car of concentrates Tuesday morning. Samuel Mclntyre, manager of the Mammoth fo Tlntic, li In the city. . H. S. Joseph has returned from an extended visit to the country around Good Springs. Nev. 'i'onopah Belmont .64 .74 Tonopah Extension ... 2.60 3.00 ' ; "onopah Midway 32 .37 . Tetro -16 .18 -:i;ted States 24.62 "nete Sam Con 21 V22 T-tah 60 victoria 2.07 2.20 victor Con.... , 03 .04 Wabash l.W 5-35 Tnnkee Con 36 .37 MORNING SALES. Mammoth. 400 "at $1.16. Victoria. 100 at $2.10. New Tork. 600 at 24c. seller thirty days; 500 at 25c; 1000 at 26e. OPEN BOARD. P.utler-LIberal. 200 at 12c. Carisa. 200 at llc Ialy-Judge. 225 at $".. Ixwer Mammoth. 1000 at 7V-. May Day. 6 at 12c: 700 at 11c: 500 at !lic: 1000 at lie: 106 at 10c; 500 at 10c seller thirty days. New Tork. 600 at 26c; 1500 at 27c; j00 nt 27c. Silver Shield. 2i at 7c. . Tetro. 100 at 17c. Uncle Sam, 400 at 22c; 500 at 21c; 1600 at tie. Yankee Con.. 200 at 36c. TOTALS. Regular. 2500 shares. $l!fS.50. Open. 13.125 shares. 2977.75. Grand total, 15.625 shares. $11665. Child, Cole & Co., Brokers, 100 Atlas block. Both 'phones 323. TONOPAH STOCKS IN DEMAND ON COAST. Charles E. Hudson ha returned to this city after an extended trip to San Francisco. Mr. Hudson has purchased a seal cn the San Francisco-Tonopah exchange and has opened an office In ' f-an Francisco as well as in this city and in Tonopah. . He reports that the greatest interest ' i bein? manifested In Tonopah and Goldfleld stocks in California and that the San Francisco-Tonopah exchange has a virtual monopoly of the trading In these stocks; Not only ure the stocks of the developed, mines doing a big business bus-iness but those of the mines which s're under development are receiving attention, at-tention, the capitalists seeming, to think that the Goldfleld stocks espe- ' dally are well worth taking a chance Cljlr. Hudson deeply deplore the fact Miat the Salt Lake exchange did not niAke a greater effort in the matter of listing Tonopah and Gol.ifleld stocks, -is he is sure that this city might have been the center of the trade. In these Fecurities If the exchange had gone out of its way o secure the buslness.- METAL MARKET. j) i. The first quotation on silver for the new year states that that metal ) J is selling at 61 cents per ounce. i, copper has moved up to 14 cents ) - pound, and lead In ores remains i at $3.50 per 100 pounds. The A. 8. .si A K. Co.'s actual average weekly Mia price for desilverized domestic lead in New York Is $4.60 per 100 I? MAXTTELD SHOWS UP WITH GOOD SHIPMENTS. The Maxfleld of Big Cottonwood canyon can-yon has been surpassing Itself in the matter qC production. A fifty-ton ear of high-grade orev was marketed on Saturday and . another car of similar rise was settled for Tuesday. 'The snow which fell recently has 1-een Just the. thing which the Maxfleld ' company has wanted. It was not deep enough to interfere with the horses and there still was enough of It to make the roads practicable for sleds. The company has therefore been able to - send A much largw: amount If) tha fall |