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Show INTER-MOUNTAI- to pay INTER-MOUNTA- IN MINING REVIEW. Devoted to the Mining and Smelting Interests of the Inter-Mounta- West. in by C. T. H ARTE, Room Published Weekly 223 Atlas Block. One Year TERMS: (Payable in Advance.) Six Months Three Months To England, Mexico and Canada, postage prepaid. 82.00 1.00 50 83 per year, Entered at the Salt Ijake City Postofiice as second-clas- s matter. San Francisco Office : 61 and 65 Merchants1 paper is kept on file. AdExchange, where this can be made with E. C. vertising contracts bake. Agent. MINING REVIEW, N millions for single mines, but exists also among Investors of more limited resources; who are seeking information concerning the actual value of low-pric- ed stocks. This condition in- dicates a changing sentiment among investors. They are apparently becoming possessed of the knowledge that while there is as great and possibly greater risk In mining than in many other pursuits, the possibilities for larger gains are also greater. In connection with this subject a review of the fluctuations in Utah listed stocks during th paest four months Is of interest, as it shows the opportunities that have been presented. : Anchor has advanced, since January 1st, 22 per cent; Ajax has gained 82 per cent; Alliance, loss 50 per cent; Annie, loss 40 per cent; Bullion-Becgain 4 per cent; Daly, gain 36 per cent; Daly West, gain 35 per cent; Horn Silver, loss 10 per cent; Mercur, gain 16 per cent; Mammoth, gain 100 per cent; Ontario, gain 60 per cent; Silver King, gain 9 per cent; Sioux Consolidated, unchanged; Sunshine, loss 16 per cent; Utah, gain 73 per cent. Thus eleven properties show an average gain of 43.2 per cent and four properties an average loss of 29 per cent, and this Includes all of the active stocks listed on January 1st. Therefore, If an Investor had purchased everything on the board in equal amount, he would now be able to realize a handsome profit, leaving out of consideration a large number of dividends. k, Salt Lake City, April 23, 1896. Mining Investments. There are still some comg and munities in the East that refuse to raise the ban against mining investments. These good people have heard of the operations of Eastern wild cat mining swindlers and choose to visit the sins of the fakirs upon the mining Industry. In their eyes mining operators, bunco sharps and faro gamblers belong to the same class and all should be in jail. Even in Chicago, where Board of Trade plungers may gamble without limit in, wheat and pork without damage to their respectability, this God-fearin- penny-hoardin- slow-ploddi- g, ng foolish prejudice against mining investments prevails to a surprising degree in certain circles. A gentleman from that city, who is a heavy stockholder In one of Utah's richest mines, and who has made a snug fortune from this one investment, told the editor of the Mining Review that he never men- tioned his mining investments to his associates, because it would injure his standing and credit, and his friends would think he was on the road to bankruptcy. One of the Review's New York subscribers, who owns stock in several big producing properties in Utah and who has realized large profits, receives the paper through an indirect channel and admitted that he does this in order that people might not suspect that he is Interested in mines. The origin of this sentiment can doubtless be traced to the many mining swindles perpetrated upon Eastern people by Eastern sharps in the past and it is being kept alive by the rascally operations of these scoundrels, who are now using the reputation of Cripple Creek mines to assist them in disposing of worthless stocks. Notwithstanding these conditions, an increasing number of heavy investors are turning their attention to Western mines. An offer of a million and a half, with a cash deposit of $50,000, has been made for the Mercur mine within the past few days and was rejected; it is learned that should the pending option on the Centennial-Eurek- a for $3,000,000, not be taken up, another syndicate stands ready to buy the mine. Inquiries are received almost daily in behalf of Eastern capitalists and these people are willing to pay big prices for big properties. This disposition is not confined to heavy syndicates, prepared The Alaska Mining Record, in enre- dorsing the general demand for a vision of the United States mining laws, dwells upon one ridiculous defect of the present code. As at present In force, the making of a certain mining location, in compliance with certain rules (which Include no notice whatever to the officers of the United States, but only a record with a local State, Territorial or county officer, or a mining recorder), Immediately withdraws from the public domain the land concerned. Not until proceedings for United States survey and patent are commenced (and that need never be done if the locators prefer to hold by annual assessment work) does the United States land office receive any notice of the location; and the maps of the Government today represent hundreds of thousands, perhaps millions, of acres of the public domain which have, in fact, been withdrawn from it and are held by parties unknown. Uncle Sam doesnt know what he has to sell. All he can do for a proposing purchaser is to smile feebly and say: So far as I know, the land belongs to me. But you must advertise for ninety days, and if nobody turns up to claim the land I will assume that it is mine and sell it to you. 3 branches, making a total of fifty miles. The veins of Cripple Creek will be tapped at a depth of 2500 to 4000 feet. The scheme Is given extensive advertisement in New York financial papers, but does not seem to be so well known in Colorado. gold-beari- ng Rontgens X ray is being worked to death by the scientific fakirs. A great flood of absurdities has been turned loose, through the kindly assistance of the Associated Press, but the most sublime height of idiocy is reached by the following dispatch from Cedar Rapids, la.: A young man named Johnson, resid- ing in Jefferson county, a graduate of Columbia college, who has been experimenting with X rays, thinks he has made an important discovery. By means of what he called the X rays he is enabled to change in three hours time a cheap piece of metal worth a few cents to $154 worth of gold. The metal transformed has been tested and is pronounced pure gold. We have historical evidence that frogs have rained down from the heavens, but nowhere but In Park City has it ever snowed angle-worm- s. The Park Record stakes Its veracity on the story that on Tuesday of last week a heavy fall of snow was mixed with good, healthy, live worms, many of them being several inches in length. A citizen took to the Record office a snowball that was alive with worms iip to five inches in length. The Record states that the citizens enjoyed the novelty, but it was certainly a novelty of a nature not calculated to produce enjoyment hi many communities. The only explanation offered is that the Colorado cyclone two days before gathered up the worms in that State and brought them over to Utah. Hon. W. J. Bryan has forecasted the National Democratic convention and finds that it will be made up of 516 bimetalists and 310 goldbugs, with 68 delegates in doubt. All friends of silver will hope that the situation Justifies Mr. Bryans figures, but he has placed in the silver column several States that cannot reasonably be considered otherwise than extremely doubtful. But for all that, the outlook is one calculated to bring serious alarm to the wing of the Cleve-land-Carlisle-Whi- Mr. J. B. Graham, tney the editor of the Bingham Bulletin, in his goodness of heart, thus encourages the Mining Review: Charley Harte is making of the Mining Review an authority on mining matters and the best paper of its class published in the West. He has had many years experience as a Utah journalist, and knows just what he is talking about Inter-Mounta- in and how to talk it. Although the Mining Review is less Railway is about the biggest thing than four months of age, it has subever projected on paper. Its promoters scribers in nineteen States and one Terpropose to drive a tunnel, fourteen feet ritory, and it reaches the mining people wide and eighteen feet high, under of all the important camps throughPikes peak and the Cripple Creek dis- out Utah, Idaho and Eastern Nevada. trict, commencing near Colorado City. It has demonstrated that there exists here a permanent field for the right The main tunnel will be twenty-on- e miles long, and there will be several kind of a mining journal. The Pikes Peak Tunnel. Mining |
