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Show I The Market md the Mines I H The week which ended with Memorial Day H was signalized on the local mining stock exchange H by the distribution of bouquets to Thompson, I Montgomery Mountain, Honerine and Ohio Copper. H These four stocks upheld the record of an other- Hj wise indifferent market. The best tone was shown H toward the end of the week, but the average sales H for each day, even the poorest, were so far in ex- H cess of the business for the samo period a year H ago that a wreath might appropriately have been H bestowed upon the tomb of the dead market of H 1905 by the living one of 190G. It seems hard to I realize now that for the corresponding week of H last year the monetary transactions amounted to H out $20,379.90, a total that has been surpassed by H the daily sales on Friday, Monday and Tuesday. j Everybody was commenting on the way the H Nevada issues came to the front. Salt Lake peo- H pie with a few loose dollars seem to be awaken- H ing to the fact that the gold shares afford numer- H ous opportunities for profitable turns and that H the real basis of a durable commercial union H with our sister state to the west is a community of H interest in her chief industry. Montgomery Moun- H tain, the Peery-Newhouse property at Bullfrog, was B high in favor, mounting from 426 to 51 during H the week; Keystone registered a gain of 1 cent, B from 1G to 17; Tonopah-Midway presented its.ad- B mirers with a nice little gain of 15 cents in its B rise from $2.05 to $2.30 and Mohawk climbed from B $1.25 to $1.32, although, if the truth must be told, B it afterward receded to $1.20. Manhattan Gold I King figured in the score at 10, St. Ives at 58, Gold Crown at 25, Bullfrog National Bank at G8 jl and Nevada Hills at $2.05. It seems, preposterous that any commercial n body should seek to discourage participation in any business that promises, a does the trading in Nevada mining shares, to become of the first. B magnitude, yet the Wall Street Mining Stock B exchange has gone out of its way to put a quietus B on this business. On Thursday the dignified body B adopted a resolution severely boycotting "any B broker who maintained even the most distant rela- fl tlons with the Wall Street Mining & Stock ex- change, a new body which deals almost exclusively IB in the Nevada offerings. That- the taboo is ef- lm fectual was shown by the decline of seats on the M smaller exchange from $250 to $25. B Out at Stockton the Honerine has been doing B things that put to flight the troublesome bears and fl for the first time in two or three weeks Peter B Haack is even on his purchase of a large block of B stock at $2.50 a share. The development which B brought such gratifying results took place on the B tunnel level. The management had it framed up to get into the ore shoot, traced from above, at a given point. Long before this point was reached galena appeared in the breast of the tunnel. "lh it a new shoot?" asked the management, "or is the old ore body so much wider on this level than above?" The tunnel has followed the vein for 50 feet and it now seems certain that the shoot is the one found above and greatly extended. It is 10 feet in width, and each battery of shots brings down from G5 to 70 tons of ore ore carrying 35 per cent, lead, 15 ounces of silver, and a large percentage of iron. Such medicine as this is of the sort to make weak stocks grow strong, and it is not strange that Honerine has jumped from $2.20 to $2.70 in price. Little Bell has been resting this week after one transaction at $13. In the meantime it has placed the reputation of the Park City camp in the keeping of Thompson. That stock has done very well for an amateur reputation-keeper. At the beginning of the week it stood at 34. After some fluctuations it closed the period at 39. The movement is attributed to a well-substantiated rumor that the company is about to develop its ground. It is so well located with relation to the good mines that little doubt is entertained us to the value of its underlying strata. The Odin in Thane's canyon is also doing something some-thing toward keeping the Park district to the front. Carbonate ore is coming into the tunnel, a strong indication that the second ore body is close at hand. In the first vein ore continues to be broken, but the management is not ready to begin stoping. New York is more productive of ore than news this week, but that fact has not prevented the price of the stock from going off 2 cents. The share closed at 20 c. Seventy-live shares of Silver King turned up at the exchange Tuesday. Half of these sold at $30 before the brokers got onto it and the second block brought $29.50. This price, however, Is fairly acceptable in comparison with the $28 quotations of the week befoi-e. The directors of the Woodslde Mining Co. have ratified the sale of their property to the Silver King, and the transfer will take place at once. It seems quite certain that something has happened in the shaft of the Silver King Consolidated, Consoli-dated, and those who -have been watching developments develop-ments would not be surprised if it turned out to be a strike. Sudden interest in the Ohio Copper Co. was manifested on the exchange this week and sales were recorded all the way from 90c to $1.40. The explanation came when it was reported that an examination ex-amination was being made in the interest of the Bingham Con. with, a view to purchase. The ex- amlnation is admitted by the Ohio people, but they say it is being made by their own engineers and that no sale is on tap. At the beginning of the week it looked as .H though Columbus Con. was in for a season of sackcloth and adversity but, instead of continuing its downward course from $G.55, it gathered itself jH together, got back over the $7 mark and closed at jH $7.05 on "Wednesday since, however, reaching its high mark of $7.70. So far as the prop- jH erty itself is concerned, nothing is ob- tainable. Lower Mammoth has struck water jH in its winze. This encourages the hope that jl sulphides will come into the vein with better jJ values. As this stock has been quiet for a wholo jH week it is due to perform again within the next few days. May Day is bettor and, while the at- lH tending physicians do not promise a rapid recov- ery, its rally from 15 to 16 during the week Is jM encouraging. ' The wires bring the information that Gold-Held Gold-Held has been depopulated by the discovery of a . rich silver-bearing ledge at Alkali Springs, 17 ' miles northwest of the old camp. Samples run from $77 to $15,000. The district is seven miles long and about three miles wide, and the strike is jH not more than five miles from the railroad. Odds are even as to whether Samuel Newhouse or 'H Henry Peery will get there first. 'H |