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Show BBMMMBWWBfPfHB " - - - -. . ,. ,. ....ii .... Hpoiv's Market Letter. HHIHH Juy 17tll 1802. HHHHHHJHpMurt of the week was quite PHnHpnreB. The terrible explo-EEBflB&SflBr& explo-EEBflB&SflBr& Wdneday morning caused HHHMKHPark City stocks. The latest HHMHHnHpifrflll catastrophe show thirty-HHBHRnffSHp thirty-HHBHRnffSHp unaccounted for. The dam-IHHnra dam-IHHnra not as great as first reported, HHHHHHKiiilGo tome little time to get the HfiMMn The stock sold Wed-HBBifllf Wed-HBBifllf low as ?48.25, hut reacted to HHHH Daly stock was also affected HB&jffljlP011' selling as low as $1.91, although HBBpiPfflHPt the mine is in as good physical con-HHhihImOJ con-HHhihImOJ the accident. The stock closed BHB9HKP& offered at $1.98. HnHlHHme hW made the greatest advance of IHHHKpV?11 from $S to $10.25. A stock-HBBK&ts stock-HBBK&ts property visited it during the week HHHmHHI the recent developments have doubled HHHHpf the mine. HBHHBWk OMjr Mpneits for the week were: HEHpPlMrt, 2,475,000 pounds; Ontario, 747,000 BflWTOWl ftnd Anchor (Daly West) concentrates, I JWMfi pounds. HHPIB shipments for the past week were as fol-Hmpiemini, fol-Hmpiemini, 10 cars; Bullion Deck, 9; Tetro, 2; HHBHglCon., 6; Carisa, 2; Dragon Iron Mine, 1; HHHHKammoth, 2; Star Con., 2 cars. . HHBHpprand Central company are loading their HHHP(&4e ore on the cars with teams, awaiting HHmptetion of the spur to the dump. The stock HNHIpI during tt week to $4, closing with $4 HPPiired at $4.80; V The Carisa continues to make fair shipments H from the recent developed ore, in the Spy ground H on the 700-foot level. The stock is inactive, sales H being recorded during the week from 26c to 27c, H closing with 26 3-8c bid, offered at 26 7-Sc. H Eagle & Blue Bell, one of the most promising H mines in the Tintic district, is to be sold to the Bingham Consolidated Mining company, the stock H has advanced 25 cents, selling for $1.25. H At the annual meeting of the Uncle Sam, on the H 14th, it was decided to levy a s-cent assessment H to clear the indebtedness and erect a concentrator H to treat the low-grade ores. The stock recorded sales from 26c to 27 l-2c, closing with 26 l-2c bid, H offered at 27c. H Supt. Ball of the Lower Mammoth is opening up H a good body of ore below the 1000-foot level which H is rapidly decreasing the indebtedness of the com- H pany. The stock sold from $1.02 to $1.05, closing with $1 bid, offered at $1.06. H The Sacramento mill started during the week H and is treating about 150 tons of good ore daily. H Dividends are likely to be resumed in the near H futuro; the closing quotations were 31 3-4c bid, 33c H asked. Mr. C. T. Mixer, a local mining engineer, has recently visited the property of the Consolidated Mercur. Speaking of the development in the Electric tunnel, he says that the cross-cut is in a H distance of 125 feet, the face still showing oxidized H ore of average grade; a few feet of lime boulders were encountered at 100 feet, but they were soon H displace! by ore. As soon as the oxidized ore is passed through it is expected that the base ore will appear. The East drift along the strike of the H doposit has been driven 141 feet and the West drift H 80 feet. Raises have also been driven, showing a thickness of 60 feet, so that one can readily cal- culate the tonnage that has already been added to the reserves of the mine by means of the Electric tunnel. The ore is of the favorite oxidized acriety and of equal grade to ores heretofore mined. The slock is in. good demand at a small decline, sell ing from $2.05 to $2.03, closing with $2 bid, offered at $2.03 1-2. California made a maiked advance from last week's closing quotations, selling as high as 36c on the report that the mill was to be started up and work at the mine resumed. The stock closed with 29c bid, offered at 31 l-2c. With good reports from the Century mine, the stock closed 33c bid, 36c asked. Inventor Wood of the Dry Process concentrator, used by the May Day, is at present in the camp inspecting in-specting the May Day mill with the intention of remodeling and improving it. The stock closed 17 l-2c bid, 18 l-4c asked. Mammoth is quite firm, recording sales at $1.26. The Martha Washington assessment will be delinquent de-linquent on the 18th inst. The stock closed 2 5-8c! bid, 3 l-4c asked. We would be pleased to answer any inquiries re-j garding any of our mines or mining stocks. Yours Truly, HUDSON SONS CO. i |