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Show MINES AND MINING On the Salt Lake mining utock cx-chnngo cx-chnngo Inst week, a total of 334,524 shares of stock, with a soiling vnlue of $347,317.48, chnngod hands. A strike of oro at the Seven Troughs Wonder of unusual magnitude magni-tude has every appearance of having placed that property on a productive basis. Shipments trom the mines of Park City during tho pnst weeks wore away below the average in tonnngo, owing ow-ing to the miserable condition of tho ronds. Tho Ely, Nevada, stock exchange will be open April 1 and will furnish quotations on Fly stocks to the mar kets In New York, Boston and San Francisco, after that date. The report that the Annie Laurie mine had veen worked out Is denied by the mnmtgcment, tho declaration being made that the prospects for the future aro exceedingly bright. There Is a genuine boom on In the camp or Wonder, Nevada. Wonder Won-der was discovered Bhortly after tho camp ot Falrvlew began to draw tho crowd, and Is but twenty miles from Falrview. Word comes from Goldlleld that the directors of the Nevada Hills company had held n meeting In that camp last week and posted n dividend of 10 cents a share, or a total amount of $75,000. Tho Ely Arch Copper company wns organized at Ely, Nevada, last week, with a capitalization of $5,000,000, for the purpose of developing tho Arch copper group located near tho Ely Calumet company's properties. Utah Consolidated Copper has declared de-clared a dividend of $1.25 per share and an extra dividend of 25 cents per shnre, payable April 15. Books close March 15 and open March 23. Hereatter dividends will paid January 15, April 15, July 15 and October 15. Salt Lako and Michigan talent has just purchased four full claims In tho Ycrlngton copper belt and organized the Yerlngton Nipper Copper company to operate tho property which Is located lo-cated In the Mason pass, midway between be-tween tho Ludwlg nnd the Ironsides. At the meeting of tho Nevada Hills company In Goldlleld last week, other things of Importance than the declaration declar-ation or a $100,000 dividend were do-elded do-elded upon. It was decided that the development of the property had reached a stago where the Installation of an adult compressor plant had become be-come justified. Manager Kadlsh or tho new Utah smelter, at Ogden, announces that tho rurnaces will be blown In Friday. He now has 10,000 tons or oro on hand, valued at over $100,000 and with contracts which he has entered Into ho can run continuously on even larger lar-ger quantities. Tho Bmelter will cm-ploy cm-ploy fifty men nt the start. Legislation nlTectlng the reported effort of tho Cnlyumct & Hecla Mining Min-ing company to get control or tho Central, Allouez and Osceola copper mining properties has been launched In the Michigan legislature. A bill to prevent the stockholders In ono company rrom voting the majority of stock In another was passed. Recently a strike was made In the main working tunnol of the White Pine, near Cherry Creek, Nevada, which returned values of $29.20 to $182 In gold per ton, tho former being be-ing grab sample of the whole breast. Although tho tunnel Is now about 30 feet further In than when the oro was exposed It still holds its own. Another new Nevnda strike Is reported, re-ported, the And being made at a blind station on tho railroad between Lunlug and Thorne, cnlled Acmo. Copper ledges trom ten to ninety reot In width, that can be traced for llvo miles, havo been found. Assays thnt havo been made show tho oro to bo from 05 to 70 per cent copper. Of Into yenrs the leading copper Interests havo been paying considerable consider-able attention to huge concentrating copper propositions, and It Is very evident evi-dent that by 1908 theso companies will cut considerable figure In copper production; In fact, It Is estimated that they will bo able to add 200,000,-000 200,000,-000 pounds to tho world's output within with-in threo years, and evidently greatly Increase this output, says the News 'Bureau. The Calumet and Hecla Mining company has sold 14,000,000 pounds or copper ror July delivery at 201& cents per pound In soveral different lots. Some of this' copper has gone to tho regular customers of this country and abroad. Tho most of It has been placed In this country. Tho company has been ennbled to soil some of this copper In the open market mar-ket to others besides Its regular line of trade. This sale should make tho lako metal situation very firm lo the end or July. There has been a now contributor or high-grade copper oro rrom the great county or Beaver added to tho list, ami ono that promises to eclipse, all Its predecessors, In tho Newhouso Cactus property, und steady ship nients aro now being sent from the mlno . Oiietnl Manager Watts of tho Seven Sev-en Troughs Eclipse Gold Mining company or Seven Troughs has sent word thnt ho has just made a big strike of free gold ore In tho shaft. Tho vein, ho states, Is us well do-fined do-fined and us strong as any In tho camp, |
