Show 4 THE HERALD- 10 i S' -- ' v V 4 :Vf- Mines Mining a - A' mno rnmemte E FELT IN SIOCK-- WHEAT PRICES GIVEN 'iVJ ft "'4- - - vi SHE RAINBOW’ !i - JC COME OUT OF NEVADA W v -- Miller Hill's new tunnel at the American Fork property le now InllOOto 1200 feet according ® Mangura general manager who was in Salt Lake expectation to yesterday It la the the mineralised reach the objective 200 feet limestone beddings In about ‘ the local exfurther The stock on has jumpedto from bids30 of 11 change cents sales at cents last Mondayreason Is sald to be The yesterday took over that the company recently and Is now adethe lessee privileges financed to carry the work on quately to a successful conclusion The Miller Hill was a producer years Fork was boomago when American ing IsAt present thei block oftheground being developed by long t£at Pacific tunnel Is between the producing Old Dutchman vn one side and the mine on the other The domain represents 500 to 600 acres all of which is" patented Pome time ago J C Jensen and associates took a lease on the Miller peoHill from the Knight InvestmentcrossHe drove this of Provo ple cut tunnel In' 930 feet His equipment and the work cost about $25000 A few weeks ago the parent company took over the lease offered the stockholders 350000 shares at 10 cents :a share to finance the company and to out this Indebtedness This was wipe ‘done and Mr Mangum said yesterday that the sufficient company now has a working to carry the main capital tunnel on to the 1500-fopoint where the ore Is anticipated The in $35000 on this stock cojnpany delivery got and now has $10000 to $15000 Wl the The treasury also cohtalns treasury 853000 shares while the Issued stock amounts to 647000 shares ' This tunnel will afford a vertical depth of about 650 feet The tunnel trend Is northwest In early days the ore In this section of camp was found mainly In the limestone beds and from the tunnel will penetrate raises ore In these at favorable points With the Pacific on one side and the Dutchman on the other It is taken that the ore zone is certain to prove ' !‘ There are now half a" dozen active ' the properties In the neighborhoodto ofManNevada Dividend according who came In from ager I N Morrison there yesterday The ground Is twenty-fiv- e stamiles southwest from Currie ' he haa that tion He reports opened another promising ore shoot This' ’is shaft where the ore In a thirty-fois five feet wide half of which Is good grade The values run in silver-lea- d At the Butte Valley property which adjoins the Nevada Dividend ' on the east conditions are also very encouragShipments continue from' the ing Ames mine at the rate of fifteen tons ore It is a fine gradeis of daily tor propmetcopper Considerable Inquiry Mr Morerties around ‘the district' rison declares that when It’ becomes better known this distrlot will - devel op Into a “second Tintic” Business on the local mining exchange yesterday was slightly stronger than on and tne undertone continued Monday strong and endecidedly the “bulls’’ Only a little couragingandto Almost all of the etocks buying moved upward confirming the readily declaration that It Is a “sold out’ market wherein the stocks are so scarce that deliveries are in most cases very dilstory Yesterday Miller Hill moved up from 24 cents to 30 cents and closed at 29 )c Silver King Coalition sold up to $317) and King Consolidated for $417) to 10 cents and held KeyJumped stone held at 86 cents and Mlchlgan-IJta- h at 29 cents Sells closed at 17 cents Silver Shield at 30 cents Howell at 19) cents and Standard at 90 cents Sales yesterday totaled 76058 shares valued at official clos $2000645' Thewere and sales ing reported quotations as follows: Forenoon Afternoon Fa-lo- ot ma 7 - - - cago Jan 9— Attempts that hold wheat made today- to ' realise profits ‘caused a- material setback in prices' 'The outcome was a weak close with May- at' 1862 to'2 net' lower 151 l)' 187 to 151) Corn to and July- at declined i to 1) down oats off to lOi and provl from 1)) decline varying to a rise of 20c Throughou t ' the day the wheat ' market gave continued signs of being to that heavy Notwithstanding showed a fresh advanceearly trading it soon was ' apparent a that "the buying volume Depower1 which ' pit lacked clines ensued ' were overcome at any -subsequent- - not time fully On the contrary fir quotations to be almost the lowest of theproved day estimates that new export despite business amounted to fully 1000000 bushels of the reasons for the was that dls- comparative - from weakness said 18750 patches Argentina 000 bushels were available there for ' was as whereas here-the trade export sured that the 'Argentina 'surplus did not exceed 5000009-Action of the British - government in as to Llv-withholding ‘ erp ' of wheat in Chicago latllye buying also were disconcerted 'to Bulls 'some extent 'faetthat' reports con'' the Visible cerning European seemed likewise to have been supply sup£ r r ' pressed ' ' of sales of corn to Regardless large be shipped to the seaboard --the market for that cereal eased off! 'With wheat- - Advices of big crop damage in Argentina had only a vtransient stlm ers-o- - f -- - - - : In-th- e - i- - e i H REPORTED EXCELLENT V from" Tintlo that the Is out Is Yankee reported Consolidated a carload of ore " from shipping the 'Humbug where some high - silver-lead-go- ld "If -- - workings values have been followed I Merrlman for some distance while to camp returned yesterday Supt here he was decidedly optimistic as to the Immediate future of the Yankee The Humbug drift has followed1 the rich streak for 175 feet At times the ore would budge out several feet wide and again narrow down- to a few Inches Yet the ore was continuous the car Just It is understood that will bring not less than $3000 shipped The work In the Beck Tunnel quarts vein continues to present very encour-In conditione East week leasers aging of the mine shipped some another partsine e ore ot - - ‘ - i di by-the i- r-- -y - - - 4 - - - - -- -- effect ulatlng Trade in- - oats 'was light merely- reflected the course changes other-grainof on hogs Higher quotations ened The bulge strength however provisions which brought outledratherafree selling moderateto afterward in sag prices of lard Leading futures ranged as follows: Price - - 1 - - - : high-grad- en profitable territory TWO NEW DIRECTORS York Jan 9 —Metals were the most active and as a group thestrong-es- t features of today’s listless market leading coppers recording gross gains of 1 to 5 points on a revival of rumors suggesting a combination of several of the larger producing companies and their subsidiaries The other side of the account was motors a represented Issues byA furtherand decline of 14) In new the shares of the General points Motors was generally atcompany tributed to disappointment at the small dividend voted by the directors Some of this loss was recovered In the later when the market was at its dealings best Rails were more prominent than reat the expense of cently but largely values - New Haven quoted on 31 yielded a combination of poor earnpointsand labor difficulties and Atchings ison fell 8 points on the failure of the directors to increase - the prevailing dividend Canadian Pacific Its subsU Soo and St Paul were lower by alary 1 to ' 2 points vand the new preferred-shares of St Louis & San Francisco almost 10 points on very few dropped transactions The movement of United States Steel and ' other leading Industrials well as equipments and munitions as had Its chieflyaninextreme speculative operations: steel made gain of 1) after an early period of irregularity and Nova Scotia Steel lost 14 points -- The united States Steel tonnage report for December to - be issued tomorrow Is to approach the high record xpccted established in the previous month FavoraMe trade conditions Including additional price advances for the crude product accounted for the further strength of oils at gains of 8) to 8 Isolated advances of 2 to 6 points were made by other specialties points of a mixed character were Dealings broader and slightly larger amountto 625000 shares ingBonds moved contrarily strength In neutralized by the railway Issues being noIn Internationals heavy Anglo-Frencofferings h 5s and United tably Kingdom aerials particularly the 5)s Total sales par value $7050000 States bonds were unchanged on call NEW YORK STOCK LIST New- - few-kln-dre- d : - - - - ton' The' to being - - ’ - v1- - Cardiff this year -- San Francisco Quotations The were re- following quotations ceived over Badger Bros’ private wire Pioche Carbonate Cuts High-Grad- e Supt D H Brighton of the Pioche Carbonate writes to Manager J S Free who recently returned from an inspection that in the shaft there is a good showing of A lead silver and sample gave 26 ounces returns of $4 in gold silver gold and 64 per cent lead The ore makes on the porphyry hanging wall side of the vein This property near Pioche was recently acquired and by Mr Free a: comassociates who incorporated pany to develop the ground 80-fo- What was reported to be an Important' strike on the ' 1600 level-- of the mine of Arizona was Magma Copper reported in - these columns yesterday morning Yesterday the stock In the New York markets jumped 810 a share or from $40 to $50 The first wire that came to Badger Brothers on the 'rise was as follows:' “Advance of r10 points in Magma Copper shares today not due to any late important mine developments Work is up to expectations but no news forthcoming to "warrant today's sensational advance A telegram came in the afternoon as follows: “Strength in Magma due to recent dewhich velopments in the ' property have been very good some new ore bodies having been ' encountered’ An 'Arizona' man in Salt Lake yes'The terday said printed the first and correct report on ot ore-carryi- ng s Lower MammothTDeal Represented No Cash 11 New York Jan 9 —Mercantile 11 Sterling: Sixty-da-y bills bills on commercial bllls commercial 3471) demand $4751: cables $476 40f050 6001406 Jan' Omaha 60-d- ay 60-d- ay Hogs — Receipts 9-- 7-- 16 strong Heavy $1040 0 1070 $100001060: $80001000 light pigs' 91050 bulk of sales $10150 Cattle-Recei10200 steady Nacows and tive steers $75001050 western - steers heifers $6500850 $6700825 Texas steers $6:250765 27500 Stockers —and feeders 86250900 13500 steady Streep Receipts Yearlings $925 1 125 wethers $850 01100 lambs $121001325 “ ' INTEREST PAID : you young and amhitiousi- Even if save are not- earning a large salary you part of it each week —and when arc old and cannot work it will take care of you Your account is invited - - an 7 the strike -- Emma Said to Have d ':? :y 250 Tons X)re Ready - It Is reported that- th Emma' Copper now has broken 250 to 300 tons of ship- ping ores in the drift from the winze ' DEPOSITS A surplus fund now while you are - Herald-Republic- ON TIME Remember to Start - -- 1 - - ' Total shares sold for day 625000 State tunnel sunk from the old Bayhave been made and that arrangements ' LIVE STOCK to commence shipments this week! The broken new Hogs — Receipts Chicago Jaii ' 9 — road is said to be advance of 10 to ore bln and the teams may start haul- 40000-weearly 15 above yesterday’s average mostlr ing today or tomorrow lost 10 v to-th- ak ’ V s Metal Quotations s Sli - CgPiT - CAPITAL $30000000 SURPLUS $30000000 Native Cattle receipts 6000 unsettled It is reported that little or no cash NeW York Jan The metal MBB6SB western steers beef cattle 76001100 exchanged hands when the control oil change quotes'lead' 74O075O-'-7 60010 06 stockers and feeders 540 the Lower Mammoth recently- passed JEastSt Louis Spelter steady spot“ ' from the Derns to the Knights One delivery 9) j is the Knights turned in that report Iron Blossom stock unsettled ! electrolytic first Copper and Miller Hill at 15 cents forshare the third quarters :26OO0325O and 500000 shares Lower Mammoth at 61 second and unchanged Iron1 steady cents a share' L Tin steady spot 425004300 At London: Spot copper £lS3 £129 electrolytic £143spottin Mining Notes £181 5s futures £188 Lead f SO 10s spelter- £60 5s Kerr Lake Mining yesterday-declare' the regular quarterly dividend of 25 cents Tintic Central Levies t tor February sold yesterday 'i at Spelter $9l for March $875 From Provd came word : yesterday 4i i V From New York came the follow that the directors of Tintican Central and their consequences commends this stock' assessOF have FOREIGN CONDITIONS levied INDEPENDENCE ITS “The shorts have Miningofcompany yesterday: aingvery ment uncomfortable time today had ) cent a share on the capital for who’ desire Steady Values for their investments It is Safe Profitable and the activity and the higher prices kave stockof the company' delinquent especially to those - Febalmost exclusively In the stocks ruary 14 sale day Match 10 cash at any timci!’! ily convertible into that7 had the big decline and consequently the big short interest The y! I' NEW YORK9—GRAIN technical conditions are very different Flour firmer York Jan New ADEQUATE PHYSICAL EQUIPMENT satisfactory franchise conditions and a steadily expanding “Offl those of 975 01005 winter pst-eS- ts days ago Liquipatents dation haa beenthirty 890 pretty 0950 winter strghts market for its service assure the continued eaming power of the company Statement of earn-'ing- s is reported from east that the G9i 6V25 965 0935 thethorough straights Kansas ' Utah Copper 2 ' i No company which has for hard 21 will be furnished on application : f of the Nevada Con- No 1 northerneasy i Duluth years held control 223)-- ' No 1 solidated may take over the outstand- Manitoba 227) f ct New-ork stock on an offer of one Utah for ing —Spot easy No' 2 yellow-111Corn THIS STOCK IS FIRST PREFERRED both as to Assets and Dividend? We offer and recom-men-d four of Nevada Consolidated cYork l New t The directors of the Secret Mining it at $101 a 6hare pins accrued dividends and' vrill cheerfully give further information regard- Oats —Spot- easy - standard 65)086 company extended the yesterday sale -- T 'V date on the assessment it to those’ intereseted Call or write ! ’ ! from ing produce 10 17 to January February Unchanged Chicago' Jan Aheconsolidation of the 4739 cases receipts firsts Butte - &proposed higher Eggs and American Zinc Superior 25 026 40041-- ordinary i off says the Wall Street Journal firsts ' ' 82 included 040 ' at mark' cases - Potatoes lower! f ecelpts 30 ears and Oregon white v Idaho Washington 29)c Wisconsin white 1650190 Bannoclc’ 30® at 40c 1000 1800195 white l 00180 -i f atfo11 Michigan alive unchanged Paloma 4000 at 10c Poultry ' South Standard 500 at 18c 500 at WOOL 4 9— There wa active Sells 2300 Jan London: Sliver King Coalition 100 at $2124' competition for- the mixed assortment 400 at $316 100 at 3li of tne 3400 bales offered at the wool Silver King Consolidated - 200 at auction sales today Good clips were seller 10 days 200 at $415 sell- firm: but other grades Were Irregular $417)' 10 days sold- At 2a lOd er greasy Australian West Walker Bank Building’ Salt Liake City ' Sioux 750 at 13)c t ' - 7 C Bouth llecla 100 at 1140 FRUITS EVAPORATED i Silver' Shield 1000 at 30c- 91—Evaporated New York ' J a n Tintic Standard 400 at 90c i Prunes but quiet quiet and Total shares? sold 26608 sslUng apples firm but peaches Apricots steady — v value fll69545 inactive Raisin'’ steady""7 - - - - atL15a ' futures : r - -- FORENOON SALES ‘ Alta Tiger at lfc Alta Tunnel at 10)c Bingham Amalgamated 1000 at 17c 500 at 16)c New York Curb Grand Central 200 at 54cwere re 'The over 200 at S6c following quotations Keystone3000 reived Badger Bros private wire: at 6c logger 500 24c 500 at 25c Hill Miller Bid Ask 5000 at 27c 3500 at at 28c 1000 at 29c( 150 Alta Consolidated at 30c Mineral Flat 1000 at 4)c Coppermines Kmma Copper Bannock 100 at 40c Original 1000 Iron Blossom Paloma at 9)c 4000 at 9)e 3000 Magma at 9lc Stewart South Standard 500 at 13c Extension Sells 1000 at 18c 1000 at Tonopah Utah Securities i at 17c Sioux 1000 at 14c Secret 4000 at Boston Stocks Tar Baby 500 at 4)e 500 at 4)c Standard 400 at 91c The following ' quotations were re- 90cTintic 800 at 89c ceived over Badger Bros private wire: Total chares ‘ sold 39410 selling Bid Ask value $8311 AFTERNOON SALES1 850 9 00 Bingham Mines 50 60 Boston Ely Antelope Star 1000 at 17c! 500 207 212) Alta Consolidated Chief Consolidated Albion 1000 at 12c 200atat 24)c Mason Valley 700 12io! 687) Four 1500 at Soc T' 175 187) Nevada Douglas Big Black Jack 1000 at 6c Ohio Copper 160 137) 27 80 5000 at 5e 'j South Utah Big Cottonwood 600 at 21e" Colorado 150 at 18)c 600' Cottonwood Boston Range Point 2000atat2e lo East Crown King The following quotations were reGrand Central 100 at 54c ceived over Badger Bros private wire: v Howell 1500 at 19)c Iron Blossom 100 at SI 27) llO at 1125 '' Keystone 400 at 36c Leonora 258 at 2)c 2000 at 2c 1000 ' at Miller Hill 1000 at 29)c H May Day 500 at 10)cMoscow 600 1500 500 - I - 17)0-100- - le - - - I i Cedar-Talism- an - lc Michlgan-- U - at tab 20c 600 at vv 'v1' 29c 200 — ' at V’1' V Utah Power & Light Co Cumulative Stock - : - - 7 ! - - ent -- : 'l-k: : - ' - 1 ? - -- l V- - c! at-18- - - I' - - - - j ’ - ' " i J V :v"v7 aro ecurraes fa-- 'I-- "' $4711 banks 3471) ' -- : ' paper cables 40Jc Guilders demand 40ic: Llres demand $689 cables $688 Rubles demand 29gc cables 29c Mexican dollars 57)c Government bonds steady railroad bonds irregular Time loans easy sixty days 3 031: 3)0 3 days 3)03) six months ninety low 2) Call money high last loan rate 2steady 2) closing ruling bid 2: offered at 2) LEGISLATOR THREATENED 9 — Representative Pierre S D Jan South legJohn Widlon of the Dagotaaimed islature author of ofa bouse bill the Industrial at the activitiesWorld In the state toWorkers of the a threateningonletter warnday received hla measing him to stop action pts - - in Shaft MONEY 086O-cowand heifers 44001000 calves 92501350 10000: firm Wethers Sheep receipts ? ewes 7 00 10 10 lambs 7 Sends Stock Up $10 Mason Valley Fuel It was stated ‘that the MasonRecently smelter at had Valley on hand only 100 tons Thompson of coke when It should have read 1100 tona Since then 168 tons additional have been from Utah ovens making 12611 shipped tons now fn the bins The bins have a capacity of 2000 tons When these are full it is the expectation to fire up theoretwo furnaces which have of about 1500 tona dally capacity The intention of the management was to fire up January 15 but the day may be postponed ta the last of the month according to local people in touch with the situation 7 ’ - Rich Strike in Magma Situation Favorable - - ’ - play as “Pillars of ' Society nor is its as farcical an affair as’TIer' Husband Wife" it is a play with both well blended into a plot of heart Interest The cast for the production Is said to be the best yet chosen by the University-Dramatic ciub The cast Includes Moroni Olsen Nels Bolin Frank Rasmussen' Don Wood John Harrington - re -- f - $7-000- bo-twe- en Recently A Q Jacobson resigned asmanager of the Alfa Consollgeneral dated and will now devote his time to looking after the Alta Cottonwood the Georgia in Arizona and other propIn which he Is largely interested erties The Georgia is now pushing development work The Alta Cottonwood owns forty-seve- n claims or something like 80) acres The ground runs from down near the Maxfield mine up to near the Cardiff mine and over near the Reed’s 1’eak It has a tunnel in 800 feet The work will be energetically carried on - “The Rainbow’ by the University-oUtah Dramatic club will play before a‘ Salt: Lake ' audience for the twenty-fir- st ' consecutive time ‘The Rainbow Is not as heavy a ‘ The moved by bobsleds to Murray roads are said to be good The Howell Is now driving a lower and drain tunnel to unwater on the old upper workings gain The depth Cash quotations: tunnel Is now In about 200 feet It will Is ‘Wheat —No 2 red nominal No 3 red be driven possibly 1000 feet It No 3 now following the west contact 191) No 3 hard L97)198 v the limestone and quartzite Tbe hard nominal Corn—No 3 yellow 98) No 4 yelCardiff’s large ore body was found on 94) ©97 No 4 wilte 95096) the east contact of these two forma- low tions This tunnel will give 300 feet - Oats —No- - 3 " white 56)0571 standIs ardRyo--57)053 the old workings It depth under 2 No nominal' No 3 140 before long to run into expected cross-fissu990188 in from the east ' Barley—— coming ' 3500550 or Cardiff side This may bring ore Timothy —120001700'-Clover Into theicontact — Pork 2950 Mr Thompson said he did not ex Lard— 156501670 ' : peet an assessment (would be placed on — 1600 Ribs r Howell at least not right away There 0 1462 is now eight to ten feet of snow at the Alta Cottonwood Will Push Work This Season Dan Spencer Blanche Marks Helen Fay Cornwall Dolores Stohl Spencer and Margaret Ewing The production is coached under the Ppersonal director of Prof Maud May Babcock The University Dramatic club now holds the distinctive honor of being the oldest amateur college dramatic organization in the United Slates The University of Utah yesterday and ticketsA to stau sent invitations Wldtsoe officials Today Dr John Simon Bamwill personally Invite Gov proto the attend staff his and berger duction In! practically all AFTER i appearing cities of the t&te In : ss $30 Breakfast scene from "‘The Rainbow U of U production which conies to the Salt Lake theatre Friday and Saturday evening and Saturday matinee Kansas City Mo Jan 9 —Hogs —ReBulk $10300 ceipts 18000 higher 1080 1070 heavy $1065 0 and butchers 81045 0 1075 packers light pigs 13000 $8750975 $100001055 — Prime lower Cattle Receipts fed steers $107501150' dressed beef steers $85001075 western steers heif$5250900 $75001100 cowsstockers ers and feeders $65001100 bulls $5750775 calves -- $62501000 ure Sheep— Receipts' 7000 higher Lambs $130001350: yearlings $112501225 NOTICE OF DISSOLUTION OF PARTwethers $87501000' ewes $8250 NERSHIP 950 TO WHOM IT MAY CONCERN — You will herefrom take notice that the between the SUGAR partnership doing and Fred C &Sanford New York Jan' 9 —--The market for Slumbing Sanford has business as Anderson was easier early under sugar futures undersigned In-Is ' and selling by trade In- been dissolved and the liquidation business said owner of now 2 the terests with at midday about receivable and cluding allof accounts lower The weekly fig- contracts to 6 points netprices said firm The underures from Cuba reporting Increased not be respontherefore will signed the to in led conofferings larger grinding hereafter sible Infor obligations to seemed have and market spot xhost of the herecollections nor recognize tracted early trading spired C Sanmade by theor said Fred after on futures rallied covering Sugar name for the benefit of in the and Wall street buying - and5 closed ford aid firm or othrjrl 2 points higher to lower steady 412 AKDEMO!r- 419 415 March May July General Manager Ezra Thompson of said yesterthe Cardiff and Howell Is now shipping that the Cardiff 100 day tons of first-claat the rate of about ore daily The values range from ore Is $40 a Stockholders of the New Quincy Mincompany met nt the company ofing fices In the Atlas block yesterday afternoon Two new directors were chosen They are H Q McMillan and IV M N R Johnson They succeed The other reand F B Cook Ferry elected directors are Arthur L Thomas W S McCornick F J Hagenbarth W R Hutchinson and Herman BamReports were submitted They berger will be printed and distributed to stockholders later is mo |