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Show The Market and the Mines I No one can tell just how It happened, but it is nevertheless a fact that a whole week has passed without the suggestion of even one new merger of Utah mining properties. Furthermore i the fever of the mergeritis patients has abated. i The improvement may only.be temporary, but it will at least give the public a chance to ponder bh the real and tangible value of such mines as the Columbus Con. with its million of ore blocked out; Mammoth, With an April dividend of $20,000 which raises its total disbursements to $2,000,000; Grand Central with $15,000 and Victoria with $12,-000, $12,-000, an increase of one cent on each share over the last dividend; Little Bell, now a full-fledged bonanza mine, though three months ago only a pros'pect, and New York, now for the first time driving the wolf from the door with ammunition from its stopes. The wise old Arab who expressed, opinion of horse racing with the remark that "any fool knew one horse could run faster than another," might say of the mining stock market that "any fool knows that one mine is richer than another." But such an observation would be evidence that he had been reared on cocoa-milk in the rural districts dis-tricts and not on the zem zem that flows at Jim's oasis. It Is only when mining circles are observing a financial lent, as at present, that the market takes cognizance of the prominence of one mine's workings over another. Such sordid considerations considera-tions have little to do with the aerial incandescence incandes-cence produced by merger talk. But, to repeat, this is lent. Timorous Hono-rine Hono-rine is temporarily safe from the amorous advances ad-vances of Peter Haack; Silver King, in its $900,-000 $900,-000 suit of sackcloth is holding aloof from the world, the flesh and Thomas Cole. Samuel Mc- . Intyre, the owner of Mammoth avers that his flirtation with Guggenheims Is not serious and re-! re-! ports from Boston indicate that Heinze has made his relations with Bingham Con. legitimate by taking fair Bingham to his heart and home. All is well in Utah in the lenten .line, but for genuine penitence go to Nevada. Gout, due to high living and lack of exercise, put the Battle Born on the mourners' bench. The development of the new gold camp has been outstripped out-stripped by the issue of stock and the result is , an attack of indigestion. The public has faith enough, but no money. It Is all in. The time has come for Nevada to produce a little auriferous pepsin to assist the process of assimilation. Not that there is anything wrong with Nevada. The 1 output of its older mines was never before so largo and the newer workings have been giving a good account of themselves. The difficulty is that the V purchasing power of the public has been overtaxed. over-taxed. The haughty young things that have been mocking the older and slower giants of Park City, Tlntic, Alta and Bingham must now look to their elder's for some fatted calf with which to carry on their interrupted development. Utah is magnanimous mag-nanimous and the appeal to her mines is not being made in vain. The fact that Nevada is turning out to be a vast treasure house is hardly an adequate reason why its people should begin negotiations for the purchase pur-chase of the remainder of the United States as our old friend Fltz-Mack is doing after examining the mines, at Ely. There was once a woman who proved that from a single hen and rooster she could in ten years supply the poultry markets of the world. Her mathematics were unimpeachable, but her finish was disappointing. Fitz-Mac may be perfectly right in saying that the district contains 245,000,000,000 pounds of metallic- copper. Let us call ft 250,000,000,000, for who would haggle over a few billion pounds of copper? The point is that after a few thousand tons have been mined the world will have all the copper it can use for the time being and the rest of the ore" in the ground will not be worth as much to its owners as one-tenth one-tenth the acreage in good black dirt. The last time the oceans were expertetl they were found to contain 357,563,985,726,736 pounds of pure gold, sd Nevada need net get chesty. With a mad stampede on from Carson City and Virginia City to Churchill county the mineral center cen-ter of levity (levity describes the situation better than gravity) is moving north and west of Gold field. Particulars of the Churchill find are not at hand, but it must be gllt-tdged to excite the seasoned prospectors of the old Comstock belt. He must be a grouchy man indeed who can complain of the Salt Lake and Utah end of the mining stock mai'ket. The slump in Nevada shares has had no detrimental effect on Utah tickets to Easy Street. With a clientele that could pay $219,831.25 for 337,610 shares in one week the local brokers can afford to smile even In lent. Although Al-though the ore and bullion settlements are not up to their usual form, aggregating only $427,900, tlfe trouble Is with the roads and not with the mines. May Day and New York have figured most prominently promi-nently in the brass circle this week. May Day seems to thrive on bear meat. The shorts have made futile efforts to ' break the price, but the market has readily absorbed all that was offered and howled for more. It a wise short who covered cover-ed on Thursday of last week at 25 1-4 for the trustworthy trust-worthy reports of betttorlng conditions under- ground and the shipping of four cars of ore caused the share to close on Wednesday at 29 3-4. On second thought the talent decided that It had overdone the thing In bidding New York up to 37 1-4 at the beginning of the week and the price eased to 28 at the close. The mine, how-ever, how-ever, is worth more now than it was last year when the stock was around the dollar mark. The miners are working in from one to two feet of very good ore on the 700 level and there Is a probability that the ore shoot will bo much big-ger big-ger on the 800 level. It is suggested that the pass-ing pass-ing of the usual assessment has aroused the sus- jJ picions of the stockholders and frightened them out. Little Bell was a minor figure on 'change, lingering around 6.50, but it cut some ice at the jH smelters when it delivered a shipment of 103 tons and received $6,000. Thompson went from 26 to 23 during the week and Daly-Judge 'lost a fraction of its previous gains, selling from $12.37 down to $12. Columbus Con. climbed another round or two going from $7.25 to $7.50. Beck Tunnel experienced a reaction from $1.37 to $1.15 and Carisa commanded 29 1-8 at the end of the week instead of 33 as at the beginning. Uncle Sam upheld the dignity of Tintic by making a gain of one cent. The color line was not drawn on Black Jack, although he is almost a stranger- to the board. His reception was very cordial and he made such good headway in the graces of the public that the price climber from 55 to 85 during the week. Lower Mammoth, which has been in temporary eclipse, resumed its place on the active list and closed the week at 37 1-2. Little Chief was also welcomed back to the family circle and tag-ged tag-ged at 3. Mammoth barely looked into the exchange but the figure at which it severed its , connection wit!! Its previous owner did not har-monlze har-monlze with the rumored sale of the control on the basis of $2.50 a share. Two blocks of 100 each changed hands early in the week at $1.70 to $1.75. |