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Show MINING AND FINANCIAL The game is getting good again. It does not strain the imagination as it would have done a month ago to picture a sixty or seventy thousand dollar day on the mining exchange. By the time snow flies, or even sooner, the public may be entertained en-tertained with sensational flights of two, three I and four hundred per cent in certain stock and the brokers making something more than office rent again. This prediction is not based on blind optimism, fathered by the wish, but Is the result of a careful survey of the state of the market and the condition of the mining field. When the tide does set toward mining speculation and investment invest-ment the army known as "the trading public" will be larger and more scattered than ever before. be-fore. The eastern element recruited during the last boom in Tintics will wield no small influence ( in the buying and selling. Prices, instead of be- ing a reflex of lucal opinion, as ia the past, will bo the mean of speculative temperature throughout through-out the country. A selling order from New York will cancel the market effect of a buying order from Brigham street and a purchase in Detroit will balance a sale directed from Park City. The effect of the expansion of "the public" should be seen in greater stability and less rapid fluctuations. fluctua-tions. Prices of a inajoiity of Utah shares will continue con-tinue for a long time to be fixed by the local exchange. ex-change. Weight is given to its quotations by a big volume of Utah business originating outside of Salt Lake. Within a few seconds after it is made each sale is chalked up on blackboards at Ogden, Provo, Eureka and Park City. At Park City I business is not so lively as it was a few years J ago when Little Bell, Daly-Judge and New York 1 "were the market leaders, but there is a growing interest as the mining conditions improve. The i collapse of the Iron Blossom boom left Provo 1 with a tired feeling from which it is just begin ning to recover. Two brokerage firms are doing business there. Trading centers largely in the Knight and Loose stocks. Provo is also the headquarters head-quarters of the Bullock, East Tintic Development, Provo and other smaller mining companies. The spirit of industrial enterprise is shown by the piospecting of the old Spanish gold mining district dis-trict in northeastern Utah, in whch Provo capital is engaged. Eureka, the metropolis of the Tin- (tic district, is one of the hottest numbers in the stock game. Miners and business men do most or j trading, but there are any number of women, wo-men, clerks and bovs who deal in "Tintics." If i the business there has been a little slacs in. the last year it is because the subsidence of the Colorado, Colo-rado, Sioux, Crown Point and Iron Blossom flur-iies flur-iies left the folks short of cash. Interest is al-; al-; most as keen as ever. There is much discussion of Opex at Eureka just now. In spite of the evidence that the Opex company has nothing worth shipping in sight at the present time plenty of Tlnticites are willing to bet that an extension of the Centennial-Eureka oro body will be found in Opex ground in. the near future. It is admitted that employes of the company took advantage of the false report of a strike to unload their stock, but it is claimed tha't the officials did not start nor give color to the report. On the contrary, it is pointed out, Manager Man-ager Swindler and President Knight repeatedly stated in the press that the Opex had no ore. As Eureka looks at it, Swindler and his friends were justified in selling their stock for a good price to buyers who chose to accept unauthorized, rumors in preference to official denials. The Opex is working about thirty men and is hoisting much waste, showing that the management has not given giv-en up the pursuit of the elusive ore bodies. It is not to be expected that all of the old time favorites will "come back" even with a recurrence re-currence of a boom market. A realignment of Issues is one of the necessities of the situation. Conceding that the former leaders Colorado, lion Blossom and Sioux are successful in finding fresh ore either at depth or in other parts of their pioperties, they cannot "come back" with the millions mil-lions that have been mined at compartively small cost on their higher levels. And until they can block out new ore reserves of definite size and value they must continue to be classed midway between mines and prospects. Tintic holds the opinion that it will be able to supply successors to the dethroned leaders. Many look to the Emerald, on the west side of the mountain, and Crown Point on the east, to fill the vacancies. The Emerald is working steadily, but with a small force. There is nothing particularly encouraging en-couraging in its underground showing, but one cannot observe its position on the map without being impressed with its chances for getting something. It is just south of the Centennial-Eureka Centennial-Eureka and In line for some of the rich veins which radiate from that center of mineral deposition. deposi-tion. And it is west and south of the Grand Central. Cen-tral. The latter fact is significant when it is remembered re-membered that the biggest ore body now visible Ir the Grand Central is west of the shaft. There is on the Emerald the outcrop of a ledge which makes on the surface toward the northeast and seemingly establishes a geological connection between be-tween the Grand Central and the Emerald. This ledge has not been prospected by the Emerald and Its possibilities are interesting to contemplate. contem-plate. The Emerald, after comparing it at all points with the Opex, seems much cheaper at 10 cents a share than is the Opex at 45 or 60 cents. The Opex, if it does make a mine, will have to hoist more than a thousand feet and, probably, prob-ably, maintain a pumping plant while the Emerald Emer-ald may get its developments in dry ground and above the 1,000-foot plane. The Crown Point virtually holds the key to the future of East Tintic. If it fails, as It may fail, to get ore there will be little encouragement to spend money on development farther east. If it does become a mine it will give new life to all the East Tintic prospects. The new Crown Point Bbaft, which will be sunk under contract, is to be started in a gulch at the lowest place on the property prop-erty and at the base of the mountain whose slope bears the Colorado, Beck Tunnel, Sioux and Iron Blossom. If a stratum of mineral bearing lime pitches down that hill the Crown Point, with its new shaft, should penetrate it in a few hundred feet. John Roundy, the new manager, is reputed at Tintic to be the largest individual owner of Crown Point stock. The Knight control is reported re-ported to be a myth growing out of the fact that Jesse Knight was given an interest in the company com-pany for the use of nis name at the time it was a name to conjure with. A majority of the million mil-lion shares is held by Juab and Utah county farmers. About the time sinking operations are fairly under way, it is believed at Tintic, the pi ice of Crown Point shares will be given a sharp boost. |