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Show I The Market and the Miners a ' In the face of a variable market, ten of the most active stocks have more than held their own and their value on the local mining exchange on Wednesday at the close of the call was $10.32, as against 10.09 a week before. Six of these stocks May Day, Lower Mammoth, Little Bell, Daly Judge, Sacramento and Wabash have gone up, while Little Chief, New" York, Uncle Sam and Ajax have declined. The only unfavorable feature of the business on 'change is a diminishing volume of sales. This tendency is not so great as to be alarming, or even ' discouraging. Some of the old favorites, such as Carisa, seem to have retired from the footlights J and the public will be entertained for the time be ing by some new performers. This rather breaks i the monotony and will have a tendency to attract j new interests to the mining game. During the week ending Wednesday night, the sales amounted' to 102,500 shares, worth $22,631.15. In the same period the ore and bullion settlements have amounted to $436,062. 1 BINGHAM. Bingham Central's Jeff Davis tunnel has entered en-tered the lime belt 650 feet from the open air, and the increasing mineralization in the breast of the drift is a source of encouragement to the management. manage-ment. The tunnel was driven to afford access to ore bodies on a higher level from which the operators op-erators had been driven by water. Utah-Apex is shipping without sorting ores that return $6 gold, 1 10 ounces silver and 1.7 per cent copper, with an excess of iron. The Minnie tunnel has broken into a new shoot of sulphide ore at the 1,000-foot station. The $3,000,000 of bonds authorized by the Utah Copper company will be takes under its option by the Guggenheim Exploration company, and it is provided that the bonds shall "be convertible con-vertible into stock at the option of the holders I any time within five years. To provide the stock wherewith to replace the bonds on demand, it is proposed to increase the capitalization to $6,000,-000. $6,000,-000. Utah Con. management believes that the gases which have been a source of damage to the farmers and of expense to the company can be made to yield a profit of $500 per day when the new gas plant is done. The fumes will be used to generate heat and the heat will be used to melt the slag in which is contained 1 per cent of cop-. cop-. the slag in which is contained one-fourth of 1 per cent of copper. It is by saving this small percentage per-centage of mineral that the saving is to be effected. ef-fected. I TINTIC. Carisa is now opening three new stopes, two between the 600 and 700 levels, and one at the 200. An older stope on the 150 level is producing at the rate of 6 to 10 per cent copper, 10 ounces silver and up to $4 gold. Uncle Sam is said to be paying the cost of operating its properties with its mill product, while the ore bodies are constantly developing greater possibilities. The effort now is to enlarge the stoping chambers to admit of the employment of more men. Another An-other lease will soon be added to the shippers from the Raymond will begin drifting south on the 1,500 level. Mammoth will erect a fire proof stone building over its Cherry creek pumping station sta-tion to guard against a repetition of the disaster by which its works were temporarily closed down last month Lower Mammoth directors have levied an assessment of 5 cents a share, which must be paid before Sept. 22. Sinking toward to-ward the 1,500 level is proceeding at the rate of four feet a day. The last shl c contained 25 ounces silver, 18 per cent lea a 50 cents gold to the ton. Uncle Sam decla --d a dividend of 1 cent this week and will distribute $5,000 to stockholders stock-holders August 19. STOCKTON. Indications at the Black Diamond are that the crosscut is nearing the chief ore channel. Spots of galena are cropping out of the lime with increasing in-creasing frequency. Visitors to the Honerine express ex-press complete satisfaction with the showing of mineral which is being blocked out in ore reserves of enormous magnitude. In the meantime the area has been virtually drained of water. Final payment has been made by the Honerine West company on the Raddatz interest in the Copper Queen group. ALTA. Columbus Con. has uncovered a new ore body 120 feet below the level of the main tunnel which assays 75 to 350 ounces silver, $6 to $25 gold and ll per cent copper. A crosscut driven for fifty-six fifty-six feet has exposed but one wall. This ore is being shipped direct to the smelter. Oxford and Geneva lessees are shipping sacked ore which nets them $40 a ton. Alta-St. Louis is sacking some high-grade rock that runs as high as 40 ounces silver, 20 per cent lead and $4 gold.-Work gold.-Work is being prosecuted on the Peruvian and Flagstaff. The Kennebec is being developed with gasoline drills. In the Japan, a tunnel has been driven a distance of 165 feet, and at 400 feet J j, fl should encounter a vein that assays 38 per cent j( H lead and 40 ounces silver in the upper workings. ', jH BEAVER COUNTY. H In the Skylark, at Black Rock, an ore body has been encountered at 100 feet depth which runs Bf 20 per cent copper and is eleven feet wide. The t; iH shaft will be put down to 300 feet. On the 100 1 level of the Black Rock property eighteen inches jjfl of ore assaying high in copper and giving good values in silver and gold has been struck. M. L. ' 1 Burns has shipped a car of ore from his claims j , jB in Star district. Lessees on the Majestic property j i made a shipment last week that averaged 25 per cent copper, 7.5 ounces silver and $3 gold. At j ' ,fl the Old Hickory sinking is in progress and work j j is being done on the 400 level. r ALL OVER UTAH. I i fl The Surprise, near the Annie Laurie at Gold j j . jfl Mountain, has struck $150 gold ore in a new tun- ' fl nel at twenty-five feet. Assay returns have not I ,jfl been received, but there is little doubt that the ; H find is of more than shipping value and in com- ' j JH mercial quantities. ! j ' , H Sevier Con. company at Gold Mountain has j p fl broken ground for a new mill to cost $75,000, ij H which will be ready to go into commission in j I four months and will handle 200 tons of gold ore ; fl The Wyoming, in American Fork canyon, is IS keeping twenty-five teams going and shipping ; H about one car a day. The lessees are building a Hjl fl boarding house for the fifty men employed. j I i 'fl The California, at Park City, has begun ship- ' j fl ping 200,000 tons of ore from its old mill dump, fl which is valuable for its zinc contents. " i fl Ontario has begun tunneling around the cave i ' fl at the 13,000-foot point in the drain tunnel, as it 1 1 fl is too dangerous to attack the cave directly. ' ! ' ' fl As foreshadowed on this page as long as i fl three months ago, the Utah Copper company and ' 1 1 H the American Smelting & Refining company are 9 to share the ground south of the lake. It is defi- ' L: 9 nitely announced this week that contracts are to I fl be let at once for material to begin the erection j I fl of a $2,000,000 copper smelter, to be built by the I t ' 9 smelting company. I 9 At the properties of the Utah-Nevada com- ' ' ) 1 (fl pany, in Newfoundland district, west of the lake, i -J fl the eighty-five-foot tunnel is forging ahead ' fl through a large mass of copper, silver and gold i OT ore that occasionally gives striking results in the fl way of assays. The company will erect a minia- ! fl ture smelter to handle the output. i , 9 |