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Show MARKET IS LIFELESS ing. I am, however, obliged to say that X find the managers of the smelters quite willing In giving me every assistance assist-ance which they possibly can In my ef forts to collect the data on which I can form an opinion. I therefore feel Justified Justi-fied in saying that I. hope' to find ways and means by which the sTatlon will be materially improved. This, of course, takes time, but I can assure the people interested that my investigation wHl be a thorough and exhaustive one, and that on account of .the experience I have had in this special line of metallurgy, metal-lurgy, both in this country and abroad, I am In a position to make practical suggestions, and should be thankful to parties interested in he solution of the problem for being patient," - ' v IS MINTNO EXCHANGE HEL? OR HINDRANCE Some of the mining operators of this State have come to the conclusion that the mining exchange In this city is rather a detriment, than a help' to mine owners. It appears, one of them said Thursday : morning, that it does not There had much better have been no call on the mining exchange Thursday . morning, as the market showed absolutely abso-lutely no life and the total value of the stocks sold only amounted to $1768.75. Only two or three stocks did any busl- V ness, even the regular attractions suf-. suf-. - fering greatly. . Grand Central was the only. stock which sold on the regular call and the price at which that changed hands was , ' $125. Only an odd block went at that price. j ' 7 There has been a good buying order ' on the market for AJax and that stock told up to 114 cents-with the demand apparently not as yet filled. Carisa wassteady at 10 cents and Mammoth moved up to $1.25, which Is , n slight Improvement over the prices of the last few days. . New Tork opened fairly strong at 42 cents, but was unable to stand the amount thrown on the market, andj fell off to 40 cents at the close.' Star Consolidated attracted some at-tention at-tention at 13 to 134 cents. Wabash continued to recover rapidly and moved up to $1.50, closing strong and on the raise. teem to matter whether a mine Is run legitimately ancLto make money for Its stockholders or not; the price of a company's com-pany's stock depends more on the whim of the big operators than on Its actual valuev The market Is so easily influenced influ-enced and the public has been victimized victim-ized on so many stock Jobbing deals that investors are rather frightened by the stock exchange than encouraged to invest their money in mining stocks. The call Thursday morning was a farce, and unless things commence to Took better the promise of a better year j on the exchange which was made by the showing in the later weeks of last j year will not be fulfilled. Never have I the mines of this State been In as good condition or as prosperous as they are at the present time, but. however 6trange it may. seem, never has the stock market here been in so fragile a condition.' PROVO MTNTNCr COUP ANT. The Field of Gold Mining company filed articles of incorporation with the Secretary of State Thursday. The amount of. capital stock is placed at $250,000, which is divided Into 250.000 shares with a par value of $1 each. E. C. Loose is named as president and W. A. R. Loose as vice-president. Provo will be the principal place of business. LOOKS GOOD IN NEW YOBK. The management of the New Tork announces an-nounces that that property is looking bet. ter than ever before and that the stopes are holding out splendidly on the 600-foot level. The winze, whloh Is at a depth of 640 feet, has opened some splendid ore, and the management has decided to sfnk down sixty feet farther, to the 700-foot level. When this depth has been reached -the management will establish another level, and open the ore bodies at that depth. There Is, every reason to believe that from the showing at the 640-foot level the ore bodies will be found practically the same on the 700-foot level as above The company got a settlement for twenty-three tons of ore Wednesday on controls con-trols showing 147.8 ounces silver, 8.S per cent lead and $1.60 gold per ton. MINING NOTES. tA -TAnFeI'..D- F- Walker, Jr., and Robert Reeder have returned from a trip to the Empire company's property at Freiburg, Frei-burg, Nev., and are much pleased with the showing made by Manager Brooks. Joseph Dederichs. who has been confined to the house by a severe cold, will leave Thursday night for Newhouse to hasten work on the construction of the Cactus mill. . The Initial shipment of concentrates from the new mill of the Stockton Gold Mining and Milling company la exnecttxl within the next few days. Pcted Capt O. A. Tlbbitts has left for Gold-field, Gold-field, where he will join Fred Fllndt and Clarence Rookledge. . : Capt. Rad'dats of the Honerine of Stockton Stock-ton Is In tae city. C. E. Hudson has departed for San Francisco. , " San Levy of the Western Exploration company's staff Is at Ophlr looking after things at the Buckhorn. e MammotJi of Tlntic Is on the market with 100 tons of ore which shows values of $6.80 gold, 8.4 ounces silver and 4.$ per cent copper per ton. The closing quotations follow: Bid. Asked) AJax $ .10 $ Boston Con .... 6.00 ...4. Beck Tunnel ...... .11 : Butler-Liberal 13 -14 Carisa ( .10 Con. Mercur ' .34 .47 Century ...... .... 06 .-.i...' Ialv .-. 2.50 2.70 Daly-Judge 6.25 v- ...... Daly West 15.25 Kagle A Blue Bell ...... . .90. Galena 08 . " irand Central $.10 ...... Goldneld Bonanza .10 Horn Silver 1.26 ' lr.got .01 Little Bell 60 Little Chief . J& .02 , lxwer Mammoth ...... .18 . Mammoth 1.20 1.30 May Day .09 .10 Martha Washington .01 New Tork .41 - .4$ ', Ontario... .'$.50 ...... Sunshine ' .04 Swansea .. ...... .35 - South Swansea .. 07 Sacramento 10 .11 Mlver King 60.00 60.00 5 Star. Con 12 .18 Silver Shield .07 .08 Tetro 19 .20 United States 23.87 Uncle Sam Con 20 .21 Utah , .36 .40 Victor Con 02 .04 Wabash .V. 1.28 1.60 Yankee Con .... 36 .39 MORNING SALES. . Grand Central, 60 at $3.25. . OPEN BOARD. . AJax. 500 at llc. Carisa. 800 at 10c. . Mammoth, 100 at $1.25. New Tork, 200 at 42c; 400 Xt 41c;-1600 at 1 40c; 200 at 40c. seller $0 days. Star Con., 500 at 13c; 1300 at 13c Wabash. 100 at $1.50. seller 30 days. ' " TOTALS. - . Regular call, 60 shares for $195. Open board, 5200 shares for $1573.75. Total sales, 6260 shares for $1768.75. , Child, Cole A Co., "Brokers, ' 100 Atlas block. Both 'phones 325. HAS O0PPEB, BONANZA ' . ON DESERT MOUNTAIN. Charlie Cole, a well-known prospector, was In the city on business concerning his new find on Desert mountain, about thirty piles south of Tintic Mr. Cole states that he has found a copper property prop-erty which is a wonder and gives the promise of being one of the biggest copper' cop-per' mines in the State. The monster ledge along which Mr. Cole's group of claims are located extends for over a 'mile and Its width Is proportionate to its length. It is true that there has ' been comparatively little work done on the property as yet, but the entire surface sur-face of the ledge will average over 2 per cent copper per ton. In a shaft down twenty feet which Mr. Cole has sunk on the property the ore averages as high as 9 per cent and the value have every- prospect of in-' in-' creasing as depth is attained. Mr. Cole departed Wednesday night for the property prop-erty accompanied J)y the representar ttvas of several wealthy Salt Lake investors in-vestors and is confident that when these gentlemen see the showing on the property prop-erty be will have no difficulty In securing secur-ing money with which to develop the mine. CON. MERCUB MILL " IS WORKING SMOOTHLY. Manager George Dern of the Consoll-' Consoll-' dated Mercur,, who will be in. the city until Saturday, reports that the mine and mill are working smoothly and satisfactorily. sat-isfactorily. There was some little delay de-lay In the mill some weeks ago, but this has now been overcome and the prospects pros-pects of the company for a profitable month are good. . The final clean-up at the Manning mill, which was run by the company most of the summer and fall, has now - been made and has proved that the run was most profitable to the company. The Manning mill will remain closed all winter and It has not yet been decided whether it will be run by the company next summer or leased to some one. It ' , is sure that it will not remain idle. Mr. Dern leaves for California on Saturday, accompanied by his family, who will spend the rest of the winter , there." Mr. Dern will return as soon as ' his family are settled and will resume charge of the mine and mill. FINDS SMO'XE NUISANCE ' DIFFICULT PROBLEM. " Dr. Franz Meyer, who has been selected se-lected to examine into the smoke nuisance nui-sance at the valley smelters and provide pro-vide a remedy, makes the following statement: ' "The situation which I find here is most, complicated, and consequently as a problem to be solved Is greater and more difficult than any I have encountered encoun-tered heretofore. Not only is the quan-' quan-' ' tlty of ore smelted In this valley a very large one, but the quality of the ores to be treated .varies so greatly that a great variety of metallurgical processes js used ia their reduction by the differ-v differ-v ent smelters. As these conditions na-; na-; to rally require a close study of the operations ope-rations at each smelter, and of the Kases Siven off, they necessitate a great deal of analytical and experimental work for ascertaining the nature of the moke and for advising the best methods meth-ods to make It harmless to vegetation. " -'- "As I have just commenced 'my work. I am not yet in a position to say what 1 can or should be done to remedy the '' trouble about which the farming popu lation o thi valley. 4s pa compUia-J |