OCR Text |
Show AFTERNOON CALL. S There w no business worth ( QO mentioning on the board thl after- 0 - noon. Star Consolidated u steady ( and released MO at 11 cents. But- 0 0 ler-Llberal was a llttla weaker sell- 0 0 ing 600 at VF nnti, and a like 0 0 amount at 13T cents, seller thirty 0 ft) days. . &asmAiHfaactdia)iMaia(Siii FEATURELESS MARKET-LIGHT MARKET-LIGHT TRADING TODAY The ea.ll on the exchange this morning waa without a feature. ' Some small amount of business was done, but the trading was lethargic and there e no startling changes In price. ' ' Daly-Judge was weaker than usual! selling at $4.25, with more offered at that figure at the close, with no takers, but there has been so little trading in the stock for some months that, its real strength cannot be determined, especially as all news from the mine is carefully suppressed. Daly West did not record any sales even on the report of the mine's splendid condition, although it was offered at $22.20. The bid for it was 123.60. , Century waa fairly strong at 720 to 73c, Butler-Liberal fell off to 12c, but rose ,to 13c at the close. Little Chief registered a slight improvement, selling at 134c, while New Tork Bonanza waa steady at yesterday's prices of 5c to 6c Sunshine, which has not recorded a sale for many months, sold for lV4c Grand Central was lower this morning, $4.65 only being asked, with $4.50 bid. Montana-Tonopah, however, maintained the gain registered yesterday and wa held at $1.95. with $L79 offered. .The belief that a dividend may shortly be expected Is growing rapidly. ...' There was such a disparity between the bids and offers of Lower Mammoth and Yankee Con. that no sales could be made. Uncle Sam Con. still Is offered below 17c, Star Con. remains unchanged, and Silver King was offered at $52.50. The total sales amounted to 7625 shares, for which $156) was paid. Closing Quotations follow.: ..... a final examination of -a lead-silver proposition, situated, about sixty miles south of Wells. i Nev J and in Elko county, coun-ty, in which he has Interested a number of Salt Lake Investors. The ledge on the property is about ten feet wide and shows the finest kind of galena and lead carbonate ore. the values averaging 65 per cent lead, 65 ounces silver and about $3.50 gold per ton. At the present depth of fifty feet the ledge- is going down strong and shows, every sign of permanence. perma-nence. OSS AND "BULLION. McCornick A- Co. report the ore and bullion settlements for yesterday as aggregating ag-gregating $75,600, of which $36,200 is American bullion and $39,400 la from lead, sliver, gold and copper ores. . MINING NOTES. AJax : $ .10 $ .16 Alice ., 15 .... Boston Consolidated ....... 6.30 6.12ft Bullion-Beck ..' 1.00 Butler-Liberal ; .13 ,13i Carina .... ' .0 .? Century 72 ' .78 Creole .... .35 Consolidated Mercur 30 .244 Daly 2. 1.50 Daly-Judge 3.75 6.25 Daly West 23.60 24.30 Kagle A Blue Bell 50 .SO Grand Central 4.60 4. Horn Silver 1.10 l.S! Ingot 0OH . .00 Little Bell .60 Little Chief 01 .02 Lower Mammoth 18 .24 La Reine 05 .06 Montana-Tonopah. .... 1.79 1.95 Mammoth TO .90 Manhattan 00 3-16 May Day 02 -03 Martha Washington ....... .00i .00 New Tork .05 .06 Ontario 3.60 .... Petro t .20 Richmond-Anaconda .00 .02, Rocco-Homestake ..... .... .... .5 Sunshine , 01 .02 Swansea .25 .... South Swansea 03 .... Sacramento -13H Silver King ,., 48.00 63.60 Star Consolidated HVs -'IS Silver Shield OS -03 Tetro .30 United States 19.60 20.26 Uncle Sam Consolidated ... .14 -1ST Utah .54 Victor 01 Wabash 02 .U Yankee Consolidated 28 .32 ' MORNING SALES. Dalv-Judge, X at $4.26. Century. 500 at 72V4c; 100 at 73c. Tetro, 500 at 29 Vie; 600 at 302. OPEN BOARD. Butler-Liberal, 1000 at 13; 508 at 12o. Little Chief, 1000 at lc. New Tork, TO at 6ic; TOO at 6c. Sunshine. 1000 at lttc Tetro, 300 at 30 Vic; 1100 at 30c. TOTALS. Regular call, 1725 ehares for t&tSO 25. Open board, 5900 shares for 999.75. Grand total. "625 shares for 91ot9. $100,000 1 subscribed and to collect the money, and they fear that there will be quite a shrinkage in that amount before the cash reaches Utah. - They also realize, however, that it is better to take a chance and wait for a while rather than crowd the company to the wall, aa the amount from a forced sale would probably pay only a small per cent on the dollar. FORTUNTA OF BINGHAM IS SHOWING UP WELL. Ernest Bamberger, who visited the Fortunia of Bingham yesterday, said on his return that that property was doing well indeed. The management is shipping about forty tons of first rate ore a day, as is required by the tgree-ment tgree-ment with the smelter, and much more is being constantly blocked out. A great deal of development work is being done and twenty-four men are employed. The scheme which was laid out by the management of running a long tunnel through tl;e hill to connect with the workings of the Ohio Copper company on the other side of the hill and incidentally to develop the territory lying between the two properties has been abandoned, at least for the present. FAY IS QUIET CAMP. Charley Short, who Is heavily Interested Inter-ested in mining property in Fay, Nev., is up from that camp and reports that things are virtually at a standstill. The affaire of the Shawmut-Nevada look almost al-most hopeless to him, as a number of the creditors have gotten Judgments against the company and others have placed liens on the property. In addition addi-tion to this the shareholders of the company com-pany have quarreled among themselves and do not seem to be able to get together to-gether in harmony. It seems a pity that conditions are as they are in the camp, as the mines themselves are looking better bet-ter than ever before. Manager C. L. Rood of the Ontario says that the stoping operations on the 1500-foot level of that mine have proved satisfactory and that the mill is turn lng out an excellent, product. The Boston Consolidated produced 6000 tons of ore during the month of May in spite of being delayed six days by the washouts on the Copper Belt railroad. I Edwin G. Mellin, who recently closed up the deal for the Davis-Gebhardt property at Bingham, left for Boston last night, but will return to inaugurate work In July. j George E. Gunn i of the American Bmelting and Refining company's staff came down from the, north yesterday. Otto Stahlman and Joseph Farron of the Glasgow and Western Exploration company expect to leave for Golconda, Nev., tonight. Manager Oglesby of the Emerald reports re-ports that a change) Indicating the near presence of an ore body is taking place in the winze below the $00-foot level of that property. C. K. Rowland, ajwell-known oil operator, ope-rator, has gone East. Samuel Mclntyrej of the Mammoth, who came in from Icamp this morning, says that his company has no idea of putting up a smelter In Tlntic, as was announced from that camp. Mr. Mc-Intyre Mc-Intyre also says that he has had no word whatever from Messrs. Landers and Carmichael. J The Taylor-Brunton sampler reports one car of ore from Idaho, one from Bingham and two from Tlntic today. Ed Copley has left for a three months' business trip to the East in connection with the Sheba, De Soto and other mining mi-ning properties. STEALING RICH ORE. G. Prey Smith of the Shawmut Nevada Neva-da of Fay is in the cit for the purpose pur-pose of conferring with the creditors of the company. There is an indebtedness indebted-ness of about $25,000 on the property, but Mr. Smith believes that he can successfully suc-cessfully pay this off if given a little time. He reports that about ninety sacks of high-grade ore worth about $6000 have been stolen from the dump of the Buck shaft during the time the property was being operated by Mr. Smith undT bond, and he is now searching for the culprit. OPENING NEW RESERVES IN THE SALT WEST. Superintendent Klrby of the Daly West said yesterday that the ore body encountered a short time ago south of the main porphyry dyke in the Quincy ground has been drifted on for thirty feet along the strike and has been crosscut cross-cut for ten feet. No sinking or raising has as yet been done on the body, but there is every reason to believe that characteristic values at depth will be maintained C. J. Petersen, superintendent of the Century of Park valley, came in from that property thisjnorning. Manager George Dern of the Consolidated Consoli-dated Mercur went out to inspect that property this morning. The Mammoth of, Tlntic. has three lots of ore on the market today. -t P. T. Farnsworth. manager of the Horn Silver, has gone to Frisco to look over conditions at that property. Capt. Raddatz and Manager Snyder returned from thel Honerlne of Stockton Stock-ton this morning and report that the new sampler at the mill is nearly ready to go into commission. The new sampler of the Bingham Consolidated Con-solidated smelter ras turned over to the company by Contractor J. J. Burke today. Some few adjustments will have to be made! before It goes into commission regulafly. M. L. Efflnger Is expected In from Tonopah today. It Is rumored that the pending deal for the Exchequer group of Humboldt county. Nevada, has been closed. . i ne ore. snows values averaging fifty ounces silver, from 30 to 40 per cent lead and $1 gold, with some copper. Within a short time the management will begin be-gin sinking on the channel, the intention inten-tion being to connec-f it with the main 1200 Daly West level. There is no doubt that this ore body will add an immense amount to the ore reserves of the com-i com-i pany. New Tork Money. NEW YORK, jime 2. Close: Prime mercantile paper. 3Mi4-i Pr cent. Sterling Ster-ling exchang-e stronK with actual business in bankers bills ati 94.87.304i4.87.40 for demand, de-mand, and at 94.S6.60 for sixty day bills: posted rates. 94.W land 94.88; commercial bills, 94.85V4W4.i6Hc. 1 Mexican dollars. 44Wc Government bonds.Jeasier; railroad bonds, irregular. 1 HIGH VALUES FROM NEW NEVADA GROUND. E. H. Mead left for the properties which he has tied up near Mountain City, Nev., last night accompanied by experts, and on the results of his present pres-ent trip the fate of the property will hang. Before he left, however, he gave out the results obtained by the assayers from the samples which he himself took on his last visit to the mine. The sample from the outcrop of the vein showed 185 ounces silver and 11.20 gold per ton, while the second-class ore from the Greenback ledge assayed 2550 ounces silver and 324 gold per ton. The third class shdwed returns of 184 ounces sliver and $2.40 gold and a six-Inch streak on the hanging wall exhibited 109 ounces silver and $4.16 gold. The eight-inch streak which showed such phenomenal values was not sampled sam-pled by Mr. Mead. Reports from Elko and Tuscarora state that hundreds of men are pouring Into the new camp. MONTANA-TONOPAH HAS RICH SHIPMENT READY. r The bright reports which have been coming from the Montana-Tonopah seem to have been confirmed by the way the stock advanced yesterday. One of the local holders of the stock said yesterday that Manager Knox had over 3200,000 worth of ore stacked on the surface sur-face which would be shipped as soon as the railroad reached Tonopah, which will be at no remote period. Also the showing on the McDonald ledge at a depth of 512 feet will compare favorably with any ore body ever developed In the camp. |