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Show B ' tt f i B ' I i ' I i The Market and The Mines. HI i f.ai Every man has his price and every man who '" B'j 31 has dealings with the Mining Exchange is con- f M I ' fldent that he will get it. The fellows who laid I hy odd blocks of stock when it was being given M 1 j away with a bar of soap or a can of baking pow- der have settled in their own minds the profit to I ' ' which they are entitled and are waiting with jjf I I ' j more or less patience for the market to reach B the right altitude. A considerable number of the H I boys have hit upon about the same selling price. m When that price is approached there will be in-IffiB in-IffiB I terestlng complications. Selling orders will come IBB I in so much faster than buying orders that the ffl J long-dreamed-of profits will go glimmering again wB I am tue annual summer slump will be ushered in ffl i , with more than the usual eclat. Such an out- htm i come can be averted only by calmness and mod- ) Jfl I eration at the market place. If the quotations do aM I not get too close to the prices demanded by the jkJH I boys who are long on stock there will be no gen- jjsBfl I eral selling movement and the present healthful faHl conditions may be maintained on 'change BmB 9 ' throughout the year. flBl 1 ( Here is a paradoxical thing about mining en- JJM I i terprises they are not successful unless they fng I j t are run into the ground. tlB I j There is no benefit in concealing the fact that Aj 1 steam-shovel copper mining at Bingham is a flf SI 1 more complicated undertaking than has been mm If supposed. It is not believed that the difficulties flS&li! f ' aru m,merous nr serious, but it is clear to everj jjBtil i observer that unexpected obstacles have been Hj , encountered. The companies concerned have SB not yet seen fit to tell their troubles to the public SB , policeman, but a BInghamite who thinks he jfflfi I I knows what he is talking about says that with H ' adde"d depth in the porphyries the rock is becom- fB ; ing so hard as to embarrass tho shovqlmen. flH More drilling will have to be done, he says, and 3B i J more powder used to break up the formation so jB j that the shovels can get their noses into it. B 1 Fiom an engineering standpoint the problem is jB 1 simple enough. There is, however, a financial H sido to the situation. It is incumbent on the of- E ficials in charge to discover by observation and jH & experiment the cheapest method of accomplish- Sflj 1 lug the desired results. The Utah Copper com- H 1 pany, apparently, is surmounting the obstacle by BH the use of black powder in heavy charges. What H w, the Boston Con. experts are doing in the prem- B I V ises has not been disclosed, although it is safe to Hi I assume that they are working out a satisfactory JBf answer. nH v 13! BBi L' is BH l Only six Utah mines paid dividends during lHIl I I' the first quarter of 1908. There might have been I more had not so many stockholders feared to f answer the doorbell lest they find an assessment !jj on the front step, j A fighting chicken is game and so is a bull- j dog, but " oro is nothing gamer than the genuine, M f! Paik City miner. When the diggers in other BBk camps have plenty of money they are willing to flB ' back a sure thing. The Park City man asks only flHj ; fin even chance. Give him that and he will bor- HH j row money to stay with his "hunch." He now Bj ! j has a "hunch" that the camp is soon to resume By its wonted activity, and, although ho has had fflHgH little or no work since- the first of the year, ho fBRIl1 is somehow raising die money to get a reserved fSBllff f seat in the band wagon ere it begins its journey BBi f i' to Easy street. In the past week there has been BBI a stream of stock certificates flowing steadily IMBi i ' Parkward. The mines of the camp have only to B1 I make &ood and the miners tl promptly recoup Hf all the losses they have sustained since pay day was rubbed off the calendar. A scientific publication, in explaining the process used to concentrate zinc at the new mill in Park City, says a current of air is forced through silk. The process is new only in its application to zinc. The accumulation of gold and silver by forcing a current of hot air through a silk tile is familiar to everyone. There are plenty of reasons for the belief that Park City will thrive wonderfully this year. The complete restoration of the Ontario drain tunnel, which Is being -celebrated today, is enough to swell the value of every share of stock in every Park company. With the reduction of the water level what is virtually a new camp is opened underneath the old one. The securities of the Scottish Chief company have already felt the vitalizing vi-talizing effect of this growing optimism, even though the Chief derives no direct benefit from the drain tunnel. The cutting of a new fissure vein by its bore sufficed to increase the market price of Scottish Chief almost one hundred per cent. As soon as its new cable arrives the Silver King Con. will resume its pursuit of riches, and before many weeks the Little Bell, relieved of an embarrassing excess of moisture through the draining of its ground, will again pay its respects to the fine ore body which the flood forced it to abandon. Everybody should know the story of Little Bell; it has been tolled often enough. Judge Marshall has affixed his signature to the order permitting the United States company to operate its smelter and specifying the conditions condi-tions which must be observed in running it. With a few slight alterations these conditions would be entirely satisfactory to the farmers of Jordan valley. As amended by the farmers, regulation No. 1 would read: "No ore can be treated at the smelter. (2.) All sulphuric acids must be neutralized by dumping them into the Pacific ocean or the Gulf of Mexico. "(3.) All smokes shall be of the Havana or Key Webt brand and shall be consumed by the farmers at the expense of the smelting company. "(4.) All gases escaping from the smokestack smoke-stack shall be captured and brought back within 24 hours. "(5.) Tho plaintiffs may at any time send a committee to collect monoy from the defendants; provided, the plaintiffs need the money. "(6) If any one of the complainants discovers that the operation of the smelter is still a menace me-nace to his farm he may take the smelter and give the smelting company his farm." The talent was puzzled this week by the strength and activity of Sioux Con., but the secret se-cret has been ferreted out; someone bought a share and paid for it. Both for publication and as an evidence of good faith tho new gold mine at Bull Valley, in Washington county, is preparing a shipment. More than 10Q sacks of ore, tL. prospectus reads, have been prepared and a car will be loaded at Modena next week. Some of the rock will, It is claimed, yield $25,000 to the ton. A full car ot oro carrying anything like this value will put t gag in the face of carping criticism and put Bull valley in the first rank as a millionaire garden. After taking a second glance at their books the officers of tho Beck Tunnel company have found that the debt is $6,000 not $24,00. mKo the said officials claim that the former statement, given out to one of the gentlemen engaged in trying try-ing to bear tho stock, was an error, the chances are that the debt was exaggerated in order to i spare no feelings of the party that wants to find j something the matter with the share. |