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Show i,:uI7.SI0(ZC DEALT in :::: OH WIHnG EXCHANGE AFTESNCCN CALL. . ' S' The trading was exceptionally 0 l!sfht on the afternoon call, with (.) Vncle Sam Consolidated the feature. 0 0 Sacramento roleased luOO at 11 cents W 0 and 6u0 at. 104 cents, seller sixty 0 0 days. t'nele Son sold ISO at 174. 0 f cents; 10u0 at 19 cents; frjO at U4 0 cents. 00W town of Bingham and this application will be acted on Saturday night. i . WILL USE SUTTEES. PEOCESS. ' ' v ' It Is. reported that the deal between the 'Latham Mining company and MaJ. Catrow and his associates who have control of the Snyder- process of dry concentration has been closed and that the nrocess will be adopted by the Latham company and' a plant erected at the property. - - Many experiments have been' made eta Latham ores by the owners of dry concentrating prooesses- and It has been known for some time that the Synder process had accomplished by far the , best results. The erection of a Snyder I plant at the Latham will enable that property to handle a class of ore which heretofore has been practically valueless value-less to the company. The Latham, has been sending a small amount of ore regularly reg-ularly to the Black Forest smelter, but will probably soon be In shape to handle Us own product. METAL MARKET. , ,. The metal market remains the tame as was reported on Thursday. Silver is quoted at 684 cents per ounce, copper at 11 cents a pound 0 0 and lead In ores commands $3.50 per 0 0 100 pounds. ' The American Smelt- 0 0 ing and Refining company's actual 0 0 average weekly sales price for do- 0 eilverlsed domestio lead is $4.10 per 100 pounds. - 0 VS)0 . OEE AND BULLION.. McCornick & Co. report the ore and bullion settlements for Thursday as being $64,000. This was divided as follows: fol-lows: American bullion, $25,600; gold, silver, lead and copper ores, $38,500. PE.0PEKTY LOOKS WELL. The Utah of Fish Springs has marketed mar-keted the last carload of ore from the mine op controls, showing 44.5 per cent lead and 121 .5' ounces of sliver a ton. Word received Friday morning from the mine states that the property is looking better than for many months past and that everything is running smoothly and the usual amount of ore' being mined. . TODATS TONOPAH STOCKS. (Furnished by Hudson Sons A Co., brokers, room 5. D. F. Walker building.) Tonopah '. $7-874S-25 Montana 2.404J2 424 Belmont : 775o North Star 30&32o Paymaster G'&So TODAY'S BOSTON MINING STOCKS (Furnish&l by Hudson Sons Co., brokers, room 6, D. F. Walker building.) Amalgamated .S1$51 Consolidated Mercur 33 (i.15 Daly West ,...1W14 Ctah .....3XVS3SV United States Mining 21Tsi22 Bingham .....26 &25H MINING NOTES. lstlc ore had been uncovered In the old Bullion company's ground at Stockton. The local ofiicers would give no details of the story, on account of the absence of, Lawrence Green, the president and general manager, but arrivals from the camp who came In on the evening train stated that there Is no avubt of the discovery. dis-covery. The ore body occurs in a crosscut which has been run from the Honerlne drain tunnel into Bullion ground and shows not a little galena, with silver, copper and gold values in addition.. As it was not thought that the main ledge of the Bullion v.hich produced so heavily heav-ily above water level, would be reached for 200 feet further than the crosscut has yet penetrated it is almost sure that the - discovery Is an altogether new ledge. " . . . ' . . DEAL FOR LINE TO ALTA IS CLOSED , - .';.-. V That the pending deal for the tram line to Alta has been succesfully consummated con-summated would appear from a copy of the Continental Mining News which Is a publication Issued by the management manage-ment of the Continental-Alta Mining company, for the benefit of its stockholders. stock-holders. The operators of Alta have been watching the development of the deal 'anxiously, and have been able to learn nothing definite, as Manager Crowther would not talk concerning the subject, but this is what the company's town . publication has to say about the matter, mat-ter, and It can be taken for what It is worth. Railroad transportation of ores from the Cohtinental-Alta mines to the smelters smel-ters at Salt Lake City is assured. Inducement of the right sort and backed by unquestioned financial ability abili-ty to carry promises through have resulted re-sulted In - the negotiation of a lease with the Rio Grande Railway company for 8.S miles of broad-gauge' railroad and 7.75 miles of mule-tram line narrow-gauge. The broad-gauge line begins at Sandy on the main line of the Rio Grande system and runs to Wasatch. The I mule-tram line extends from Wasatch to Alta. The two divisions will be at once combined Into a line of seventeen miles of narrow-gauge railroad. Old ties will be replaced, bridges will be rebuilt, and the entire distance will be retracked with forty-pound rails. . Construction work begins immediately, immediate-ly, and it is expected that that portion of the road from Sandy to Wasatch will be In full operation within sixty days. From sixty to ninety days will be required to Install the balance of the line. Everjr portion of It, however, as fast as it .becomes available, will help cut down present teaming expense and Increase net returns from dally consignments con-signments of ore now going to the market. ' This railroad will enable the Continental Conti-nental mines and every other mine in the camp to save from $1 to $3 on every ton of ore sent to the smelter. This condition . will render available hundreds hun-dreds of thousands of tons of ore in the camp that might not, without this transportation, be worked at a profit. It accomplishes even a more direct benefit to Continental, In ' that 1t assures as-sures the handling of the maximum daily production of the Continental property. At no time since the mines have been in operation by this corporation corpora-tion has the management succeeded in having as much ore hauled as was produced. ' . The amount of business done this Uiornlng on the mining exchange was small, but the stocks '. dealt in were varied and with severs! changes In price from existing quotations. : 4 AJax was fairly active at 4 and closed at 4& bid and 5 cents asked. t , Consolidated Mercur was steady at the highest figures which prevailed on Thursday selling from 34 to 34 cents. May Day was still to be had at cent, and Silver Shield remained at 24 cents in spite of the rumors of a change In the ledge. Century stubbed its toe and eold down from 444-to 43 cents on active ac-tive trading and closed with 41 bid and 424 ' cents asked, i Columbus Consoll- . dated was very active on the open board and showed a decided rise In price due largely to rumors connected with the finances of the company and moved up to $1.03. Goldfleld Bonansa celebrated Us Introduction on the exchange ex-change by recording a sale of 1000 at 5 cents. Sacramento did some slow ' trading at from 104 to 10 cents, .while Tankee Consolidated was to be had at J4 cents. ,Daly West showed a rise, . although there were no sales, the stock being quoted at $14 bid ap.d $15 asked. -There were 9400 shares sold which brought in $1106.50. The closing quotations quota-tions follow: . . Bid. Asked. AJax ........ ..........I $ .0414 $ .054 Alice 124 1 Bullion-Beck 1.06 ' .... ! Boston Consolidated 6.00 7.00 Butler-Liberal 094 .0914 Beck Tunnel .06 . .... Centurv '. 41 .424 Consolidated Mercur ' .334 6 Daly 2.41 2.60: Daly-Judge -4.00 .... i Daly West . 14.00 , 15.001- j Ragle & Blue Bell .50 .... ; Grand Central 8.50 , $.91, Horn Silver 1.00 - .... ; Jim Butler Ton .59 .80 ' Mammoth 1.40 1.45 May Day 00 Martha Washington 004 .0034 Montana Tonopah 2.36 2.45 Ontario .- S.S0 .... Petro .06 .0S14 Rocco-Homestake .0 , Swansea 37 .45 Pouth Swansea .... - -07 ' Sacramento: 104 '.10 Sliver King 60.00 , Star Consolidated 12 .124 Silver Shield ,. Mti Tetro I. .304 .33 Tonopah Extension .85 1.25 ; Tonopah Midway .56 ; United -States .. 21.374 22.25 i i Uncle Sam Consolidated 17 .20 t i Victoria .... 1.10 Victor .004 -14 Wabash "24 .064 Yankee Consolidated 33 .34 THIS MORNING'S SALES. j . AJax. 1000-at 4c 1 Consolidated Mercur, 100 at 34c; 100 at 5c. j ' May Day, 1000 at c . . . Silver Shield. 20rt at Tie. Century. 100 at 444c; 100 at 4lc; 100 at 43c; 100 at 42c. , OPEN BOARD. , j AJax. 1000 at 4c. ! Consolidated Mercur, 100 at 364c; 200 at 35c. : Century, 300 at 42c. Columbus Consolidated, 100 at $1.02; 100 at $1.03. 1 Goldfleld Bonansa, 1000 at 5c. Sacramento. 600 at, 104c, seller sixty davs; 100 at 10c. ' i Yankee Consolidated, 600 at S3c. I TOTALS. . : Regular call. 4600 shares, at $242.50. Open board, 49U0 shares, at $864. 1 Total sales, 4u0 shares, at $106.50l , FIRST ALL-BALL SHIPMENT. ' ! The way bill for the. first shipment of Tonopah ore to be hauled all the way ' by rail has arrived at the offices of the American Smelting and Refining company, com-pany, and the shipment Itself, which Is from the Tonopah, will arrive shortly. ; Th- increase in the production of the Tonopah district which was promised when the railroad between Rhodes and Tonopah was completed has not become ' perceptible as yet, but this is attributed . to the deficiency of rolling stock. .The teams which formerly hauled freight from Tonopah to the railroad have all been employed at Goldfleld and adjoin-? adjoin-? ing camps. ' 1 The schedule of prices of the railroad . provides that shippers shall pay $15 a ton on all ores whose gross valuation does not exceed $300 a ton. ;i -ALAMO MINE IS NOW j . OWNED BY COL. WALL 1 ' " i - Cot E. A. Wall on Thursday became the . possessor of the Alamo mine at Bingham. The Alamo consists of forty acres of ground and adjoins the Maxwell Max-well group, also owned by CoL Wall, on the northeast, and the property'of the I'tah Copper company on the other side. ' . .. Col. Wall declined" to state the amount paid to John Hodson,- the former owner, lor the property, but admitted that It ' was a good round sum, as the property is a most valuable one. Considerable development work has been done on the property, and a north and south copper-bearing copper-bearing fissure has been uncovered, but ' the extent and value of this has not yet been determined. . TIKE ORE BODY FOUND .IN THE PHILLIPS LEASE. Reports, from Tlntic state that tha new ore body discovered in the Phillips lease has developed into ten feet of as fine ore as was ever mined from that famous bonanza. The first shipment from this lease, which takes in 1C0 feet from the 1300 to 1400-foot levels belov. the old Alamo ledge, started from Tin-tic Tin-tic for the local market on Friday, anu another lot is now .being prepared fot . market. There is every probability that the ore body continues to much greater depths and the management has already al-ready started a drift to Intercept It on the 1400-foot level. The shipment which has started will show as much as 200 ounces of silver a ton, in addition to its other metallic contents. ' ! ORE IS UNCOVERED IN THE OLD BULLION. ''' " '. i - It was widely reported on Thursday evening that a fine body of charact?r- Manager D. C. Jackling of the Utah Copper company spent Thursday at that Bingham property looking after the start-up of the big mllL President David Keith of the Silver King Is in Tonopah looking over some of the properties in that camp in which he is interested. Frank L. Wilson Is in receipt of a letter let-ter from his brother stating that the contract for the buildings to be erected at the Lucy L. of Deep Creek has been let and the work will start at once. Mr. Wilson left for the mine on Friday. Superintendent Raddatz of the Honerlne Hon-erlne came in from Stockton on Thursday Thurs-day night and returned early Friday morning. There are seven cars of Uncle Sam Con. product on the market on Friday. Four of these are concentrates, and three are cruije ore. In addition to these there Is also a car from the Humbug Hum-bug lease. C. E. Allen of the United States company com-pany left for Eureka Friday morning. The Ohio Copper company has two cars of concentrates and one of crud ore on the market. Harris K. Masters leaves on Saturday Satur-day for a two weeks' trip to Arizona. The Taylor-Brunton sampler reports the arrival of six cars of ore from Tin-tic. Tin-tic. The Old Evergreen of Big Cottonwood Cotton-wood has encountered a fissure in the tunnel which contains ore showing values val-ues cf as much as 20 per cent copper and $12 gold per ton. Manager A. L. Jacobs of the Butler-Liberal Butler-Liberal has returned from his trip to New York, and will leave for Bingham on Saturday. ' M. F. Murray of the Gold Develdp-ment Develdp-ment company has come up from the south to "consult with Dr. Franklin. The shipment for trial at the American Ameri-can smelter from the Star Con. has left Tintlc for market. The Blue Jay of Beaver county has broken intc a body of high-grade cop- per ore. THE OREGON SHORT LINE Will operate the last excursion of the season to northern points Saturday. August 13. See agents for particulars. New York Money. NEW YORK. Aug. 5.-Close: Prime mercantile paper, Sf(4 per cent: sterling exchange firm, with actual business in bankers' bills at $4.88.054.8(1.10 for demand und at $4.S5.25 for 6-day bills. Posted rates, $4.86 and $4.84fl4.&9. Commercial bills, $1.84. Bur silver, 584c. Mexican dollars. 4594c. Government bonds steady; raUroml bonds steady. Money on tall. Mj'I per cent; closing bid,.t; offered at 1. Time loans easy. 60 and 90 days. 3 per cenl; six month, 34 per cent. Johanna Hansen Dead. Johanna Frederikke Haueen died Thursday. hTe funeral will e held at Forest Dale meeting-house Sunday at noon. Friends ure inVlted. - WILL ADVANCE MONEY TO COLUMBUS CON. . There Is a well authenticated rumor on the curb that the levying of an assessment as-sessment of at least 20 cents a, share on the stock of the Columbus Consolidated of Alta having been absolutely assured, McCornick & Co. have agreed to advance ad-vance the company money for all necessaries ne-cessaries and for the continuation of work at the mine and mill until the assessment as-sessment is passed and commences to come in. . All those Interested In the camp of Alta rejoice In this news as it insures the continuation of the utmost activity at one of the most promising of the youngsters of that district. Just what changes will be made in the capitalisation capitalisa-tion of the company and what other action will be taken at the meeting to be held on August 12 are being watched for with the greatest Interest. WILL DECIDE TATE OF THE OIL OPERATIONS. The arrival of Mr. Galey of the firm of Guffey and Galey, the big oil operators opera-tors Is being anxiously awaited by the investors who have tied up oil lands rorth of this city. Mr. Galey Is a delegate dele-gate from Pennsylvania to the Ameri-an Ameri-an Mining. congress and will stop off in this city and loolrover the property r.ow being prospected by his firm. It is understood from reports from the East that while the Guffey and Galey teport on the local field was favorable at the beginning of the excitement at the present time this has been changed and they do not speak particularly hopefully of the location. - The well under un-der the experienced eye of Superintendent Superintend-ent Rumbaugh has now reached a depth j of over 1600 fe?t and is still In a wash formation. It Is likely that the visit of I Mr. Galey will decide the fate of the Guffey-Galey operations in this locality one way or the other. EXPECT TO STRIKE THE ORE BODY SOON.- Manager Harry S. Joseph received a telephone message on Thursday afternoon after-noon from Superintendent Hoffman of :he Silver Shield stating that a most leclded change was going on In the Silver Shield tunnel which Is being run in the strike of the main ledge. Mr! Joseph left Immediately for Blng-' laru and on his return Friday morning eported that while there Is a change n the ledge and things look most prom-sing prom-sing the ore body has not as yet been truck.. He says, however, that the ln-Mcatlons ln-Mcatlons are such that It Is almost cer-iin cer-iin that the drift Is approaching an re body, and he expects the news that has been cut at any time. During his stay Mr. Joseph made application ap-plication for a franchise to carry electric elec-tric light and power wires through the |