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Show I The Market and the Mines Then may the Daly-West mine he likened unto 400 miners who went forth to meet the manager, and while the manager tarried they cursed and p rumbled. And at the night shift there was a cry made, Behold, the manager cometh; gb yet out to meet him. Then all the miners arose and cussed their lamps. And the foolish said unto the manager, man-ager, Give us of our candles, for your lamps are not worth a d . But the manager answered, ot so; but go ye rather into the mine and try the lamps for yourselves. But the miners said, jcay, nay; and the mine was shut. St. Matthew Revised. The incident of the lamps at Park City belongs be-longs to profane rather than to sacred history, judging from the language that was used when the management gave out miners' lamps instead of the traditional candles, and requested the miners min-ers to try them. Without testing the new lights, the miners gathered up their dinner, buckets and returned to their respective domiciles. Such was the trivial cause of the closing of the Daly-West property this week. With the management the use of the lamps is a secondary consideration. Had the men expressed their preference of tallow I in a business-like way, the differences might have been adjustd in a few minutes; but the summary walk-out gave the company no opportunity to make concessions. Even at the present time, says Manager Ernest Bamberger, the company has no official knowledge as to why the miners are out. It is safe to say that the moment a conciliatory spirit is manifested, the lamp question will not be allowed to stand in the way of a settlement. The game is not worth the candles. That the trouble is not regarded as serious by the owners of the property is indicated by the, absence of any depression de-pression in the price of the stock. & & It was most inconsiderate for the Columbus" Con. to wait until this page had gone to press last week before making connection with the ore body on the 300 level. As Goodwin's Weekly has ng.t' acquired the habits of the Salt Lake daily press, it will not claim all the credit for the discovery of the fine ore body; but, aside from the miners and the mine management, it had as much to do with the find as anyone. If, before firing the decisive de-cisive shot, the superintendent had telephoned, "Are we in time for this week's issue? Have the reporters, editor and office boy laid in a supply of stock? Is this the point at which your mining expert said the ore would be found?" etc., journalistic jour-nalistic comity would have been observed and the ore would have been much richer. The Columbus strike was made only thirty-five feet from the shaft on the 300 level. In its descent from the level above the ore body 1ms maintained the splendid proportions that made the mine fa- , mous and has added materially to its copper contents. con-tents. Samples tried out this week returned 17 per cent copper, 20 ounces silver and $2 gold. At the time of writing fifteen feet of crosscutting has failed to bring the miners to the hanging wall, so the shoot is unquestionably more than fifteen feet wide. Its length can only be estimated esti-mated from experience on the 200 level, where it has been explored for 200 feet. Its value is about $G0 a ton, and, with open roads, the mine can market $100,000 of ore a month. Two-thirds of this amount will be clear profit. With such a showing dividends are no longer a matter of ' chance, and the only wonder is that the stock has not made a higher rebound. j& .a .a In all probability the bearish tendency of the market acted as a damper on Columbus. With one or two exceptions the price movement has been down, down, down. Beck Tunnel has been especially accommodating to the shorts. Facts regarding this property are hard to secure, but the rumors in circulation have been pessimistic. You could hear anything, from a story that the ore shoot was narrowing to an unofficial announcement announce-ment that the tunnel had been sawed into thin sections and sold for barrel hoops. The latter report was not generally credited. During the week the company shipped six cars of good ore and declared a monthly dividend of $20,000, neither nei-ther of which facts goes to corroborate the Cas-sandras Cas-sandras of the exchange. Still, you never can tell till you put in your ante and see what you get in the draw. & & S Silver King evidently got to the bottom when it touched $28, and it has been a trifle stronger this week. The first sale was of 25 shares at $29.50, the next block of 75 brought $30, and another sale of 100 shares also brought $30. Little Boll has been sawing wood and letting others do the talking. talk-ing. Sales have been few and the price practically practical-ly unchanged. Uncle Sam's annual meeting last Monday brought out the fact that the company nas in the treasury, after paying $45,000 in dividends and $7,000 on Richmond & Anaconda stock, $18,-G94.G1. $18,-G94.G1. The physical condition of the mine is excellent ex-cellent Uncle Sam distributed $5,000 in May, Silver King paid $50,000, Grand Central $15,000, Beck Tunnel $20,000, Yankee Con. $5,000, Sacramento Sacra-mento $5,000, and Utah mine $1,000. Turning to the brighter side of the picture, Columbus Con. has risen from $7.05 to $8.10 and jl Now York has again taken an upward turn, gain- jH lug a cent and a half from 21. Uncle Sam is strong at 42, and in the Boston market Boston Con. has made long strides toward regaining its lost position. It is now quoted at thirty dollars jHH and a fraction, after hanging by its eyebrows at fl $25 for several weeks. The changes in the copper ll exchange have been all to the good, and Nevada 1 Con. has shared with Boston the benefit of the 1 improved businoss. jH One of the factors in the slump of Honerine !H was the temporary abandonment of the new ore iH shoot. After proving it up for forty feet and . H demonstrating its average thickness to be eleven ;H feet, the management left the ore standing and concentrated its efforts on the extension of the drain tunnel. .H |