OCR Text |
Show t--. 1 ....1,-1,0 Li-Li-wlw. TO MINING MEN. . Give your delinquent and assessment notices to The Telegram. Careful attention and reasonable rates assured. Call up 210, both 'phones, for a , Telegram man to call on you. :: :: :: :: :: :: resident; Herman II. Grn, eeretary and treanurer. These tth Frank Schwtn-dlr, Schwtn-dlr, Lav Kennedy, George Z. Edwards, end C. B. Tlroomb constitute the directorate. direc-torate. All of these rr.en a: e weil known in mining- circles, and bav made, money from the vocation. - The Sunrise rroup comprise . four claim and is actuated In the; proven mineral min-eral belt of that retrion, while the incorporation incor-poration is for 1,000,000 shares at a par value of II each, and there are 400.000 hares that have been placed In the treasury treas-ury for development purposes. The ground has been prospected along- the surface and considerable work was done previous to the filing- of these articles. From the officials offi-cials themselves it is learned that much ledge matter in open cuts has been uncovered, un-covered, and it will be the policy of the management to- bes;ln active operations on an elaborate scale within a short time. OOPPES RECORDS BROKE . The statisticians of Boston have compiled com-piled some Interesting" data regarding rnpper mining; properties which. In this time of uncertainty, makes pleasing; reading- matter to those who are already reaping- the benefits of Investment In copper stocks. In addition to this, it gives some idea of what the future will be for the producers of the red metal, from the past history of some of the greatest mines the world has ever known. Dividends of copper cop-per companies for the first quarter this year are record-breaking:, the total for twenty-five companlea being $21,097,364. These twenty-five concerns have, since their incorporation, paid In dividends the vast total of $349,739,183. Their issued capitalisation, varying from 1,000,000 to $153,000,000. indicates that the dividends paid so far are equivalent equiva-lent to 9S.4 per cent. One of the biggest surprises is Calumet' and Arizona, issued at $10 and selling at $160, paying $20 per share, or 121 per cent on its selling price, 200 per cent on its par value. It has paid since incorporation, $8,000,000, or 850 per cent on its issued capital of $2,000,-000. $2,000,-000. Anaconda, Montana Ore Purchasing, Parrott, Osceola, Utah Consolidated and United Verde have also returned their capital in dividends. BUT TUNGSTEN MINE. -Tungsten ore in Nevada will be worked and shipped to Salt Lake City within a few weeks, aa a result of a deal consummated con-summated yesterday, whereby a huge tungsten ore property near Osceola, Nev changed hands. The property, which consists of 1000 acres, was sold to Salt Lake City and Philadelphia men, and promisee- to become a great shipper shortly. The property was purchased front "Jim" Marriott by J. H. C. Beekman of Ely, formerly of Salt Lake City; E. T. Weber of Denver and several local men. for something like -$76,000. The original purchasers have already disposed of half the property to Philadelphia capitalists for what Is believed to be about $90,000 cash. The men arrived from the ' property prop-erty yesterday after closing the deal. The property waa secured from Marriott Marri-ott by a bond to purchase running one year. The first payment has already been made, and the transfer will be but a matter of a few weeks. Marriott has worked the property as a prospect for a number of years, but on account of its distance from a railroad, he was unable to get persons Interested In it. The advent ad-vent of the railroad from Tonopah to Kly has turned eyes toward the mine. The road will pass through Osceola, bringing the mine within a few miles of the road. The property Is thirty miles southeast of Ely. The purchasers will start at once to. construct a $26,000 concentrating mill, which will produce from fire to ten tons of concentrates a day. The venture Is looked upon as one of the largest in the iron product yet attempted. The concentrates con-centrates also carry gold and silver values. AFTEBNOON CALL. , Lower Mammoth, 200 at $2,071, 100 at $2.10 buyer 30. May Day. 1000 at 29c. Stiver King, 100 at $20. Star Con., 100 at 89c. Uncle Sam, 600 at 64c, 200 at 55c buyer 10. Colorado Mining. 100 at $2 30. Ingot. 1000 at ic. 1000 at 9i seller CO. New York. 200 at 17c, 100 at 17ic South Columbus Con.. 300 at $1.17). eaBaaavsasBBBBsassssBBBBBBBBasssa BIO STRIKE IN THE ECLIPSE. Secretary Kelly of the Seven Troughs Eclipse Mining company, received . word today from C. W. Watts that an important impor-tant strike had been made in the tunnel of the company's mine, a blind fissure being be-ing cut. The rock runs a fine lot of dollars. dol-lars. Two shifts are boring the tunnel, and the engineers expect within two weeks to tap the rich lead where the phenomenal values were found on the surface. sur-face. The property Is looked upon as being be-ing one of the biggest things in the district. The week on . the Mining exchange opened with a fairly active market, prices all along tha Hat continuing strong. The ; trading, while almost entirely confined to Tlntio favorites, had a tendency to present pre-sent a buyers' market, aa roost of the trading was from that quarter. Tha first seller on the list proved to be . Carlaa, with a single 600 bunch at tha (So mark. Lower Mammoth came in strong, at $2.00 and $2 06. May Day passad out freely at 3ll30c, while Star Con. moved up from 38 to 391c, closing strong at the latter price. Uncla Sam Con. had friends in the field for Its goods, although but 600 shares went at 63c, with none offered for less than 65o at the close. Ingot sold at He cash and 91o on a seller's option, while Little Chief came up at 161c. Mountain Moun-tain Lake ran out a few at 73c, with Victor Vic-tor going at 11c Yankee Cen. ended the call with sales of a cotipla at 63c. The open board trading waa considerably consider-ably scattered, the sellers being chiefly ' amoung tha top-notchers, 1 with prices holding strong and transfers up to the ' average. Columbus Con. moved up to $6.10, with Daly-Judge coming out at $8. lower Mammoth continued strong at $2.02101.071. May Day and- Mountain Lake sold at regular call rates, with South Columbus Con. ' going at $1.16. Scottish Chief put in a few at 61c The market closed on the following prices: Bid. AskedT AJax $ $ .35 Bullion Beck 1.60 Carlaa 64 .65 . Creole " 60 Con. Mercur 35 .40 Daly 1.75 2.05 Daly 'Judge 8.10 $.60 Daly West 15.00 17.75 Kagle and Blue Bell 1.50 Grand Central 4.40 Galena OS Horn Silver 1.00 2.00 Little Bell 4.6fr 5.35 lxwer Mammoth 2.021 2.06 Mammoth 1.66 1.90 May Day .28 .80 Nevada Hills 3.671 3.90 Nevada Falrview 20 Ontario 7.00 . Silver King 17.50 22.00 Sacramento -. .096 Silver Shield 12 .131 Star Con 89 .40 South Swansea 04 .09 i tah 1.86 2.10 I'ncle Sam Con 63 -.65 Victoria 2.60 Butler Liberal 121 .16 Heck Tunnel Con. 1.721 '1.75 Ulack Jack 60 .6 Cyclone 03 Colorado Mining 2.80 2.35 Ingot 091 .09! Joe Bowers .. .011 .021 Mule 'Chief 16 .161 New York 17 .19 Itlohmond -Anaconda 10 Scottish Chief .01 .07 South Columbus Con 1.15 1.25 Tetro 131 Victor Con. -.. 10 .11 - Wabash 17 .22 Yankee Con. .62 .64 Mountain Lake 73 .74 1'tah and Michigan 25 Kagle's Nest 33 .38 Daisy Annex 20 Dromedary Hump 60 Lou Dillon 15 .25 Lead King 22 Seven Troughs 4$ .50 FORENOON SALES. Carloa. 00 at 65c. , Lower Mammoth, 690 at $2, 400 at $2.06. May Dav. 200 at 32c, 1300 at 311c 2000 at 31c, 2500 at 30c, 600 at 30 seller (0. Star On., 1000 at 38c. 200 at 381c, 300 at 39c. 12 at 39lc ,fn. Sam, 1000 at 63c. liiKot. I'ooo at 9Jc, 2000 at lc seller 60. l ittle Chief. 2000 at 161c. Mountain Lake. 300 at 73c Victor. 600 at 11c. Yankee Con, 200 at 63c. OPEN BOARD. Columbus Con., 100 at $5.10. Daly-Judge, 100 at $8. Lower Mammoth, 200 at $2.02. 1000 at $2.06. 100 at $2,071. , Mountain I,ake. 100 at 73c. May Day, 1500 at 30c. South Columbus Con., 200 at $1.15. Scottish Chief, 2000 at 61c TOTALS. Regular. 18,700 shares, $6961.60. Open. 8600 shares, $7930.60. Total, .27,300 shares, $14,892. MINING NOT DISTURBED. , Simon Bamberger has returned from a protracted visit to the East, and says that he. has well-matured plans for the development of bis mining and railroad rail-road interests in this State. The recent flurry in the Eastern markets he does not think will affect the mining interests inter-ests in this locality, and he believes that everything will be in much better condition within a fortnight. In fact, before bis departure he found the interest in-terest just as strong for mining as it ' was previous to the shake-down, and money can be raised on any legitimate mining proposition now with as much ease as it could before the crash. For the present the Bamberger in- - te rests will not undertake the building build-ing of a smelter in Bingham canyon, as was contemplated, and the ores from their various mining propositions will be sent to the valley plants. In the meantime a new location will doubt- Vless be looked up and the Bambergers eventually will enter the field for the z smelting of ores. r BUSY SEASON IN MINES, la the face of the recent reaction in the money market, and the threatened disruption of the mining market, together to-gether with all other stock interests, . lt is learned that this is to be one of . the busiest seasons for the development of mining properties Utah has ever ' known. The operations are not to be confined to any one of the many districts dis-tricts within a radius of a few miles of Salt Lake City, but all of the new and old mining camps are to receive at-.' at-.' tention. - v This information comes from every part of the country where moneyed men are seeking a footing in properties that have been proven to contain great min-x min-x eral wealth, or in portions of the moun tain ranges that have been only partly prospected. Utah has a fine array of mining districts to present to investors, some of which have converted a great manr of the mining men to the million- I aire division, and others that are just-beginning just-beginning to show the wealth that the ground contains. .Ia the older camps are Park City, Bingham and Eureka, while among the younger districts that have produced for some time and yet have just begun to be rejuvenated, are Alta and Beaver Conntv. It probably will be of" interest to every one in Utah to learn that there have been some big organizations completed during the winter months, to reopen some of the old mines in these districts, and that there have also been arrangements arrange-ments completed to furnish all the capital capi-tal needed for the opening up of some of the ground in camps that have been considered out of the mineral zone. At Park City the' country out beyond the Daly West, Daly Judge and the Silver King, on over ihe ridge into the Alta country is to be opened up. The same condition will exist in the outlying portions of Tintie and Bingham, while the other camps will be given every attention that money and talent can be provided for. Some of the older producers will be taken over by large corporations that will put several of these into one group and get together depth in portions por-tions of the territory that have been only scratched. Some of the younger element will be introduced to Utah, to take the place of the old-timers, who have made their fortunes, and retired from active participation in the mining mi-ning industry. These and other matters mat-ters will have a tendency to make things lively in these parts, and give to mining most wonderful growth. BIG EUSH TO WONDER, (Special to The Telegram.) RENO, Nev., April 8. Reno ia excited over recent reports of rich - silver and gold strikes in Falrvlew and Wonder. Embryo Mackays, Fairs. Floods and O'Briens are crowding the trains for Fallon, forty mllee east on the Southern Pacific, whence they form an almost continuous con-tinuous line over the bleak desert along the forty-two miles of old Government road to Falrvlew. There may be seen a constantly shifting shift-ing procession of vehicles of every description. de-scription. Distributed along the road are big, lumbering desert freighters, drawn bv twelve to twenty mules, weighted with provisions, tents, gambling implements, imple-ments, saloon essentials and luggage of every description: autos, stage wagons, carts, hacks and buggies, loaded with as motley a multitude aa could be imagined, clad in khaki, corduroy and garmenta of every conceivable description. In the throng are old-time prospectors, cowboys, cow-boys, gamblers, gamins scarcely In their 'teens, and here and there a dapper tenderfoot ten-derfoot from some Eastern city, all fraternising fra-ternising with desert democracy in their mad rush to what they believe to be a second Comstock. The old Comstock lode, which In the early '70s produced in- the neighborhood of six hundred millions profits for its owners, is about eighty miles west of Falrvlew and Wonder In a direct line, and twenty-two miles southwest of Reno. Mining experts claim the geology of the new districts Is the same. The silver in the ore is greatly In excess of the gold, and all Nevada seems suddenly to have jumped to the conclusion that two new Comstocks have been found. In Reno the hotels and lodging-houses are crowded, and the corridors are lined with cots. Failures in almost every walk of life are here In quest of grubstake money. The people are mortgaging their homes to grubstake their friends to go Into the new districts. Everybody, feom the. staid bank president to the newsboy. Is Inoculated with the excitement. The Falrvlew mineral belt was discovered dis-covered about a year ago, and that of Wonder shortly thereafter. Shrewd operators op-erators of the Nixon, Wlngfleld and L. M. Sullivan type have had their mining experts ex-perts in the districts staking out claims for months past, and only within the past few days have discoveries been made public which tend to show that the belt is likely to be of enormous producing value. Wonder Is about sixteen miles from Falrvlew, directly north, and is no doubt a part of the same mineral belt. Here the Nevada Wonder - Mining company, which la controlled by the Fourth National Na-tional bank people of Philadelphia, who also own the Tonopah Ooldfield railway, rail-way, have opened a vein eighty feet wide, and after only six months' development, de-velopment, experts are comparing it with the Homestake in the Black Hills, from which the Hearst estate derives no small part of its income. The Wonder district Is already rated a mining giant. The names of such producing mines as the Jack- Pot, Rich Gulch, Spider and Wasp. Vulture, Christmas and Queen are, in everybody's mouth. They were only prospects pros-pects a few weeks sgo. AMALGAMATED STILL BUYING. H. 8. Woolley, in behalf of the Amal- Jamated Mines and Power company, has ust made the second' payment on the ranches near Osceola, Nev, amounting to $26,666.66. It would seem from this that the company Intends to gather in all of the property in and about the Blackhorse district, before launching out on ita scheme to do some extensive mining that will be without a parallel in the mining Industry in that southern country. The company has about sixty mining claims already corralled, 1100 acres of fine ranch land, including all the splendid water righta and the Osceola Gravel company, including all lta placer righta, ditches and machinery. Wlllard F. Snyder is one of the big shareholders of this company arid also a director, and it Is said that one of the objects ob-jects of his protracted visit to the East during the winter months was in the Interest In-terest of this mammoth organisation, which has already assumed such proportions propor-tions as to be considered among the largest mining enterprises in. the Western West-ern country. WHITE ALPS BOOMING. Shareholders of the White Alps group of claims are much pleased with the reports that are coming in, since Superintendent Goes went out to the property and let a contract for a working shaft. Recent arrivals ar-rivals from the camp, who have been over the ground and made a careful inspection in-spection of the Immense ledge that outcrops out-crops the surface for several hundred feet, claim that samples of the ore that have been assayed show an average value of about $14 a ton. This ledge is also said to average about four feet In width and with these values It is shown that the com- fany has a big proposition in the ores hat are exposed, to say nothing of what the ground can reasonably be expected to produce at depth, which has never been even so much as prospected. The entire district of Rosebud Is being eagerly sought out by some of the most' prominent mining men In the country, though the Utah contingent obtained the first footing In the .district and have been adding to their holdings all the while. The articles of Incorporation of the Rosebud Sunrise company were filed late Saturday. The officials are as follows) Lewis A. J ,ff .-W. pmltm M XK. If n . i.u - - CURB TRADING. Only two stocks were sold on the curb this morning Copper Glance, 261c; New-house, New-house, $20. PARK CITY SHIPMENTS. Ore shipments from the mines of - Park City last week showed a falling off in the . Jiroductlon of some of the properties. This s due entirely to the condition of the roads, which are almost Impassable in places. The shipment from the various properties is as follows: Pounds. Silver King 1.148,450 Daly-Judge 1,017.000 Daly-Judge (middlings) 350,000 Daly-West s 909,000 Ontario 210,000 Daly 102,000 New York 48,000 Total 8,784,450 GOLD FIELD STOCKS. The following are the quotations of Ooldfield stocks on the San Francisco Mining Stock exchange today, aa received by private wire to Child, Cole & Co, brokers, 100 Atlas building: I Bid. Asked. Atlanta $ .80 $ .81 Dlamondfleld 42 Ooldfield Mining 1.65 Mohawk ...... .......... 16.60 Sandstorm 79 .80 Sliver Pick 1.35 1.40 St. Ives 1.70 7.5 . Columbia Mountain 1.00 1.021 Ooldfield Consolidated .... 8.75 8.87k Ooldfield Daisy 3.60 2.65 Great Bend 1.15 1.171 Kewanas 1.55 1.60 Jumbo Extension 2.50 2.63 Nevada Hills 3.70 8.80 Montgomery Mountain 27 .28 Manhattan .14 .16 OBE SHIPMENTS. The Pioneer sampler Is In receipt of ten cars of ore from Utah, one car from Idaho and two cars from Nevada. Taylor-Brun-ton have released thirty ears of ore from Utah, one car from Idaho and five cars from Nevada. METAL MARKET. Silver is being settled for today in the open market at 661c an ounce, copper castings at 241c, and electro at 241c a pound, while lead is commanding $6 per 100 pounds. Dr. Broadbent's Dental office moved from Eagle block to . 600-501 Scott building, 163 Main, Over King 'a hardware store. NEW YOBS MONET. NEW YORK, April '8. Close: Prime mercantile paper, 661 per cent. Sterling exchange firm, with actual business in bankers' bills at $4.85.65 4.86.60 for demand, and at $4.82 4.82.06 for sixty-day bills. - Posted rates, $4.82104.83 and $4,860 4.861. Commercial bills, $4.S14.81. Bar silver, 661c. Mexican dollars, 60c ' Bonds flpy e rnmenOfe attjadf railroada, '. ; - ' ' . .7" |