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Show INTER-MOUNTAI- ORB AND BULLION. The feature of the week has been the steady and rapid decline in silver and lead quotations, which have now reached a point as to make impossible properoperation of many silver-lea- d of the large properties have ties. None owners hoping for a the closed down, but profavorable turn of the market, ores are and curtailed is being duction belief the that slump held back, in the duration. of short but be will in silver The bullion output shows a further to the fact that shrinkage, partly due the Hanauer plant is not inoreoperation, producand partly to diminished the total output for the week just ended being $87,850, against $100,027 for the previous week. The base bullion output of the smelters was $62,344, divided as follows: tion Pennsylvania, $31,244; Germania, There were also shipped cyanides to the value of $10,900 and Ontario bullion, $14,606, making a total bullion output of $87,850. Ore purchases were reported as fol- $31,-10- 0. McCornick & Co., $7350; Bam $10,658; Wells, Farberger & McMillan, go & Co., $8248; T. R. Jones & Co., Commercial National bank, $13,218; National Bank of the Republic, $900, a total of $S4,324, against $119,570 the previous week. lows: $43,-95- 0; Silver. The week has witnessed an unexpected and unaccountable decline ab-in silver from 67c to 65c. In the sence of any large surplus stock on either side of the Atlantic, and with a demand fully equal to the production, the rapid fall is a surprise and the market is expected to speedily recover. Eastern advices are to the effect that the decline is due to wTeak Chinese exchanges and liquidation of speculative inholdings, but there are those whomarcline to the belief that the London ket is beared by speculators who desire to increase their holdings. There certainly seems to be nothing in present conditions to warrant lower prices. The following were the fluctuations during the week: 67 67 Monday Thursday 66 Friday 67Tuesday 65 67 Wednesday Saturday Recent shipments of silver from New York were as follows: S. S. St. Louis, August 12th, 401,000 ounces. (M. Guggenheim's Sons, J. & W. Seligman & Co., 150,000; Heidelbach, Ickelheimer & Co., 70,000 181,-00- 0; MINING REVIEW. N 4 11 ounces, and Fuller & Wilson, 35,000 From Hailey, Ketchum and Bellevue to Mexican dollars.) Salt Lake Valuation not exceeding $50, S. S. and not exceeding $100, $8. To Aug. Victoria, August 13th, $6; over $50 not Denver, 50.000 ounces. exceeding $100 valuation, $11. .) (Zimmermann & To Pueblo, $12.25. To Omaha, $13. To Kansas $14. City, S. S. Havel, August 11th, 185,000 From Red Rock, Mont., point ounces. (Zimmermann & Forshay, for Salmon City) On ores (shipping not exceeding 135.000 and 25,000 Mexican dollars, and $100 valuation To Salt La.c, $6; to Denver, $8; to Pueblo, 6; to Omaha and KanHandy & Harman, 50,000 ounces.) sas City, $8. S. S. 0 Normania, August 6th, Coeur dAlene To Salt Lake, valuation ounces. (Zimmermann & Forshay, not 50.000 and 65,000 Mexican dollars, and $12; exceeding $50; $10; not exceeding $65, $65, $14. To Denver, same Heidelbach, Ickelheimer & Co., 50,000 rates.exceeding To Pueblo, same classification, $11.25, $13.25, $15.25. To Omaha and Kanounces.) S. S. Etruria, August 8th, 688,000 sas City, $12, $14 and $16. ounces. (M. Guggenheims Sons, City (On ail ores not exceeding .Park $100 in To Salt Lake, $2; to Handy & Harman, 75,000; Fuller & Denver valuation) and $7; to Omaha and Wilson, 75,000; Heidelbach, Ickelheimer Kansas City, Pueblo, $9. & Co., 70,000; Zimmermann & Forshay, Frisco or Milford To Salt Lake, ore not 50.000 ounces.) exceeding $100 in valuation, $3.50; concentrates, $4.50. To Denver, ore and concenRecorJ Prices. trates, $12.50; to Pueblo, $13.75; to Misten of a souri River points, $14.50. Highest (covering period Eureka (On ores not exceeding $100 val1890. years) $1.19c, August 19, To Salt Lake, $2.50; to Denver uation) 3 1894. Lowest, 58c, March and 5, and Pueblo, $8; to Missouri River points, $10. Bingham ($100 valuation) To Salt Lake, Lead. $1.25; to Denver and Pueblo, $9.50; to MisLead again established a new low souri river, $11.50. (Tuese rates include , record, having dropped to $2.60, and switching charges at samplers.) Utah common points, including Salt there is no telling when the market Lake smelters To Denver and Pueblor$8: will touch bottom. The low prices of to Missouri river, $10. this metal are due to the general deon bullion From Salt Lake to Rates pression and deplorable financial con- Denver, $10; to Missouri river, $10. ditions. When the people have no money to pay for manufactured proA New Process. ducts, the manufactures will not stock E. F. Turner of Adelaide has filed up with raw materials, no matter what the price. Production, however, con- specifications of a process for the retinues, and in the absence of consumption a demoralized market is the in- generative treatment of argentiferous evitable consequence. There is noth- sulphide ore, in which process the raw ing to warrant the expectation of an sulphide ore is disintegrated by the improvement so long as present finan- action of hydrochloric acid (HC1), recial and industrial conditions continue. sulting in the formation of metallic Record Prices. chlorides, which are subsequently Highest (covering a period of ten fused and the metals recovered, and in years), $5.25, in October and November, For-shay- 100,-00- 143,-00- 0; the production of sulphuretted 1890. Lowest, $2.60, August 17, 1896. hydro- gen, which is used as fuel, and the pro- ducts of its combustion used for the production of fresh supplies of HC1. He claims that from the sulphuretted rates on ore, bullion and are hydrogen so produced not from all important shipping points in fresh supplies of HC1 obtainedonly during Idaho and Utah to all Western smelters the process by the treatment of sodium is is official and absolutely correct, and chloride with the sulphur dioxide published for the convenience of ore ship- (S02), resulting from the use of the pers: H2S as Valuato Lake Salt Boise fuel, but also from the sodium Nampa and tion not exceeding $50 per ton, $6; valua- chloride certain in the tion over $50 and not exceeding $100, $8.60. form of caustic soda and other soda To Denver, under 40 per cent lead and products are obtained. Portions of not exceeding $100 valuation, $10; over 40 such products are used for the recovsame classiper cent lead, $14. To Pueblo, of ery fication, $11.25 and $15.25. To Kansas City, chloridesthe metals from the aqueous obtained in the first part of same classification, $14 and $17. To Omathe process. ha, $13 and $17. Ore and Bullion Rates. The following list of transportation concentrates by-produ- cts Information Concerning Utah Mining Companies. Robinson, president; W. R. Busenbark, James H. Bacon, treasur500,000 Owns six into divided $2,500,000, Capital, er; E. J. Carter, secretary. shares, of the par value of $5. F. A. claims (120 acres), located on the extenDruehl, president; E. G. Rognon, secre- sion of the DeLamar Golden Gate vein, tary; Dr. C. M. Garrison, treasurer; E. E. in the Camp Floyd district. A double O. R. Young compartment shaft, 9x4 feet in the clear, Crooks, Dr. A. C. and W. J. Bateman,Ewing, directors. Company is being sunk by three shifts, and has owns five patented claims, of 365 feet. Secretarys mill, reached a saw mill and valuable water rights, loca- address, 513 depth Dooly block, Salt Lake City. ted in the Marysvale district, Utah. Over 2000 feet of work has been Gold King Mining Company. done. Last development No $101. debts; cash assay, surplus and 106,000 shares of stock in Capital, $2,000,000, divided into 400,000 treasury. Secretarys office, 305 Atlas shares. President, J. A. Williams; treasH. J. Dieblock, Salt Lake City. urer, A. B. Miller; secretary, Owns nine manager, H. L. juygatt. Dnlton A Lark Silver and Lead Min- ter; of the south located claims (160 acres), Surdistrict. ing Company. Golden Gate, Camp Floyd for patent, with no contests. Deveyed Capital stock, $2,500,000, divided veloped by tunnel 115 feet, showing 21values two, 000 shares of the par value of $1. as high as $7.30 gold per ton; shaft feet,5 ftebenck. president; H. H. Rea, vice-p- r showing $12.40 gold; another opening SrJ1 ?ames H. Bacon, treasurer; J. feet, feet, showing $1.65, and shaft 10 ov The Pjpaenck, secretary. company surface shows claim $2. Every showing fmity-on- e limpatented lode claims, loca value, which increase with depth. Astock Jfi the West Mountain district. Two hi ited number oi shares of treasury ;n(l fifty thousand dollars have b still for sale. Secretarys address, Box rrPepded upon development and impro 299, Salt Lake, Utah. e?ts. including hoisting plants, two m miles of tramway. There a.esht and Golden King Mining and Milling Co. n? regular monthly divide! 1Z,500 are Into 250,000 $1, OOp, 000, divided paid. Secretarys office, Capital, commercial block, Salt Lake City. shares of the pat value of $4. W. H. Dodge, president: Daniel Reber, Imst Golden Gate W. S. McCornick, treasurer; F. Mining Com pan B. Cook, secretary. Company owns eight 3, 000, 000, divided into 60C Rw5ltal: of the patented and five unpatented claims (2G0 value of $5. Dalton Gold Mining and Milling Co. vice-preside- nt; 20-t-on 1: s vice-preside- par George nt; acres), in the Dixie E1--cun- tr. Ida Over $&,000 has been expended upon development. Shaft 210 feet deep and drifts and upraises all in oftSverale.value of 315 per ton in gold. for being n prepared electric mill. No cyanide debts; 40,000 shares in treasure. Secre-taraddress, Atlas block, gilt Lake uity, Utah. power Plant and 100-to- ys Ilex Mining Company. Capital $1,000,000, Harms, president; retary. Location, shares. H. 250,000 L. Antles, Lion Hill; sec- two claims, developed by a Incline. Three veins showing gold, silver and lead. $15 per ton. Average, Secretarys office 102 Commercial block, Salt Lake. Treasury stock, 100,000 shares. No debts. 70-fo- Hliochridge-Bonanz- a Capital, $200,000, ot Co. divided Into 200,000 shares of the par value of $1. G. S Holmes, president; J. R. Slater, vice president; J. M. Stoutt, treasurer; R. L. Colburn, secretary. Owns Bonanza mine and Bonanza Second and Bonanza Third lodes, at Silver City, Tintlc district, Utah, which have produced $700,000 worth of ore Now sinking a working shaft. Average value of seven shipments, 72 ounces silver and 20 per cent lead. Secretarys office, 25 West Second South street, Salt Lake City |