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Show The Market and the Mine. Unmistakable signs of impi vement both in the volume of business and the value of stocks, were manifested by the local Mining Exchange this week. The recovery set in soon after the last number of Goodwin's Weekly left the press, and has been accelerated by optimistic reports from a 'number of the leading camps. The Tintic district dis-trict has done even more than its share toward restoring the nerve of the Utah mining investors. inves-tors. A scrutiny of the transactions shows that Carisa added materially to the tone of the market. After hanging about 15 and 16 cents it made a showing that forced the price up to 23 cents a share. Victor Consolidated has benefitted by Carisa's development and was in good demand at ' cents. New York has failed to bear out the roseate predictions that were made a few weeks ago and seems unable to rise above the 54-cent level. May Day has not only been forced out of the lime light but is content to hold its position steadily in the one bit class. Yankee Consolidated has made a gain of a few pennies which is fully accounted for by the smelter receipts. Uncle Sam's quotations are beginning to reflect the improving conditions at the mine. In the month just closed the tribes of Ursa and Taurus tossed about 685,032 shares, which commanded com-manded the payment of $17,670.78. The closing days of May did more to increase the aggregate than all of the preceding weeks. Ample justification justifica-tion for the increased price of stocks is to be found in the records of the metal buyers. The settlements on ore and bullion amounted to more than two millions. To be exact, they totaled $2,134,500, a gain of about $180,000 over the corresponding corre-sponding month of last year. BINGHAM. The Bingham Central is finding traces of mineral min-eral 475 feet from the mouth of the" Jeff Davis tunnel. From present indications the vein will be at least 15 feet in width. The Yampa Smelter is crushnig 500 tons of ore a day. It has an ore body of 2,000,000 tons upon which to draw. The Copper Glance, east of the Starless, is working in a full face of mineralized porphyry ( which crosely resembles the product of the Star- i less and Utah Copper properties. The Butler- Liberal is installing its new surface equipment and will start up July 1. From the McCann raise in the Red Wing fifty tons of silver-lead ore was shipped this week. The Bingham & New Haven has let a contract for a 4,600-foot tramway to cost $25,000. It will place the ore directly in the cars of the Copper Belt railway. The management manage-ment of the Bingham Consolidated has been forced to close down the Commercial mine owing to the accumulation of 15,000 tons of ore in the bins of the smelter. The Commercial has been shipping 300 tons a day. The Cluster properties, which are under a bond of $200,000 to Peter Porter, Por-ter, have been penetrated for 1,200 feet by the big tunnel. Streaks of mineral are being frequently encountered. It is said that ground will be broken for the Boston Consolidated plant at Pelican Peli-can Point within the next sixty days. The Geological Geo-logical Survey, in its latest report, places the production pro-duction of copper in the United States third in the list of mining products. It is exceeded in value only by coal and iron. The output for 1904 is estimated esti-mated at $95,000,000. TINTIC. The Carisa, between the sixth and seventh levels, has broken into eight feet of ore carrying some high values. The present output is over 200 tons a week. The Joe Bowers has four feet of ore running from 6 to eight ounces silver and 8 to 10 per cent lead on the 400 level. Yankee Consolidated Con-solidated marketed seven cars of ore last week. Uncle Sam sold 120 tons of ore this week of which sixty-one tons carried 60 per cent lead and twelve ounces in silver. Mammoth is again producing, the present output being about one car a day. One hundred and twelve men are employed' at the mine. Lower Mammoth is shipping from a new strike in the old workings. The Swansea at Silver Sil-ver City has begun operations with thirty men, and has contracted to furnish a car a day to the United States smelter. ALTA. The Coninental mill is treating about sixty tons of ore daily and sending from ten to twelve cars of ore and concentrates to market every week by way of the tram line. The concentrates average about 40 per cent lead, twenty ounces silver, 2.5 per cent copper and 75 cents in gold to the ton. The Columbus Consolidated mill has accumulated 1,400 tons of concentrates during the bad roads period, and now has thirty teams relieving the congestion. The Albion tunnel is within a few feet of the ledge where such good values have been found on the upper levels. The City Rocks group, which is bonded for $100,000 to W. H. Craig and associates, is said to have over $4,000,000 of ore exposed. The Maxfield property in Big Cottonwood canyon is being i! , 90 equipped with a large compressor, and the man- h flH agement will run a long tunnel at great depth. ' . The mine has begun shipping. Work is to be re- A sumed in a few days on the Japan group between the Alta-Quincy and the Millar-Miners, and pros- fl pectors are pouring into American Fork canyon 1 jH by way of Alta. PARK CITY. ' 1 A report has been given currency that the ( ' j American Smelters Securities company is nego- H tiating for the purchase of the Silver King on a US basis of $60 a share, or $9,000,000. The securities BH company is subsidiary to the American Smelting & Refining company. Officers of the Silver King jH and of the American profess absolute ignorance i of the proposed sale. At the Ontario drain tun- jH nel the workmen have passed through three caves jH and find the fourth about 5,000 feet from the mouth of the tunnel. The water is rising in the mine, but very slowly. The ore shipments last week totaled 1,118 tons, of which the Silver King furnished 1,622,820 pounds, the Daly-West 1,402,- 829, the Kearns-Keith 55,000, Daly lease 32,000, and New York 30,000. i 1 AMERICAN FORK. H Operations have been resumed on the Copper , King mine in the canyon. A saw mill is being j jH put up to cut timbers for the Wyoming mine. At (the Buckley mine in Rock canyon two shifts are sinking the shaft which is connected with the tunnel and will furnish improved ventilation for ' the workings. The Blue Rock in American Fork 1 j canyon is said to be making an exceptionally fine showing this year. ALL OVER UTAH. ,, 9 In the Honerine at Stockton the ore body 1 opened on the tunnel level is now three and one- ., half feet wide and carries high values in copper, i silver, gold and lead. I Streaks of ore are coming into the tunnel in the Majestic properties at Milford and important developments are expected at every shot. ' The Gold Hill group at Deep Creek has been j.. bonded by Duncan MacVichie. The property i3 III inersected by two veins carrying values in cop- , , per, lead and silver. ' The Dana Gold Mining company, owning claims in Park Valley, has elected officers foe ; I ' the coming year and will continue development Hj work. ' iH The Raven Mining company will spend $100,-000 $100,-000 in development and equipment of its gilsonite j mine on the Uintah reservation, and will increase the output to 3,000 tons a month. i EH |