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Show I The Market and the Mines H Some people can never wait until the Fourth I 0f July to touch off their fireworks. New York :H bonanza has calmly jogged along io; some weeks, H stopping at suitable intervals to be watered, cur- H ried and assessed. Then the mischievous boys of B park City slipped a cannon cracker under the IB faithful old stock and chuckled gleefully to see it H j-.imp. The excitement started in the east drift H on the 700 level when the miners' struck a new B shoot of ore there last "week. It was very good B ore, comparing well with the adjacent veins which B run from 150 to 200 ounces in silver and 15 to 20 B per ceut lead. The recession of the water which B had made expensive pumping operations necessary B was another favorable sign, in the judgment ot B the Park City folks. Once again they tapped the B contents of the old woolen sock or extracted a B yellow coin from under the eaves in the garret, B and straightway Brokers' Row was deluged with B orders to buy New York. The brokers bought and IK the sudden demand lifted the price of the share B from 26 cents to 28 and then to 30 and 31. B & & B "Ho! Ho!" laugher the shorts; "cherries are B ripe! The wool crop looks good this year. B Please pass the shears." They sold at 32 cents for B delivery in 00, in 30 and in 10 days. When they B could no longer sell at 32 they sold at 31, at 2'J, B at 28 and at 27. As they now stand committed B they must buy a good many thousand shares in B the next two months at 30 cents or under or their B fat will be in the fire. If that new ore body on B the 700 level makes good the joke will not be on M the Park City boys, and the next explosion will bo more like a battery of machine holes than the IS report of a harmless flrecrecker. ijK i$ Ew While the bears havo been going after New B York so eagerly, they have been cautious about B coppering a still greater advance of Lower ManV B moth. The explanation of the rise was that the B winze put down from the 1G00 level had encoun. B tered ore 35 feet from the contact. Details were B lacking and the bears, after a painful experience B with Columbus Con., were fearful of getting hold B of a live wire. But a bear is a venturesome brute, M and within the past two days the shorts have been B feeling their way toward a campaign against B Lower Mammoth. B B Aside from the two shares above mentioned, B the market has given little cheer to the bull peril per-il suasion. Even such old standbys as Little Bell B and Columbus Con. have been weighed in the bal-B bal-B ance and found wanting. It must be remembered, B however, that the story told by the blackboard of IH i the mining exchange is radically different from that contained in the checks from the smelters. Little Bell closed the last calendar week with shipments ship-ments of ore aggregating 381,000 pounds, which' is more than a third of the production maintained by the Silver King or Daly-West during the samo period. The Columbus is dotting the road from Alta to the valley with ore wagons. These haul out C5 tons a day and the result is a daily addition of from $3,000 to $3,500 to the Columbus treasury. Before the end of the month, says a prominent official of the company, the extraction of ore will commence at the 300 level. & & Daly-Judge has been largely immune from the downward price movement of the week and closed the seven days ending last Saturday night with the reassuring total of 1,300,000 pounds of ore on the market. In the infant class Odin has recorded another sale of stock at 35 cents and Frisco Contact Con-tact made its bow to the public at a price of 38. & & & The Boston Con. has obligated itself to pay the trifling sum of $114,000 in January, for which it will receive 284 Wilfley tables, a part of the furniture fur-niture for its great mill at Garfield. The ltlo Grande is hustling to get its lines between Bingham Bing-ham and Garfield completed so as to handle the 15,000 tons of ore. that will be needed to keep the Garfield plants golig each 24 hours. & & The. only cloud on die horizon at Bingham is the uncertainty of the labor situation. It is understood under-stood that the miners are preparing to ask for an increase of the minimum wage from $2.50 to $3 a day. Whatever the companies may feel able to do . in tho future and they will no doubt be willing to share their prosperity with the men who labor it is almost a foregone conclusion that they will not add to their operating expenses at this time. The stockholders havo boon compelled to go down into their pockets to pay for the improvements now under way and would rebel at a further tax before these improvements become productive. Furthermore it is probable -that the ordinaiy exigencies exi-gencies of business will force the operators to bid up the price of labor when men are needed to supply sup-ply the tonnage for the new plants, and a raise at this time would not obviate the necessity for another an-other one within a year. jt The labor trouble at the Scranton mine at Tin-tic Tin-tic has resulted in a victory for China. The Chinese Chi-nese cook still holds the fort and the places of the miners who quit on his account have been filled. At Park relations between the men and their employers em-ployers are perfectly harmonious. All who remember tho energy with w .ich A. B. Lewis began his campaign of development in Beaver cbunty a few years ago will be interested in the announcement that his Imperial Mining T company has arranged to prosecute work on its ,fl properties west of the Horn Silver. A tunnel will jH be driven clear through the mountain for the pur- jH pose of tapping great veins of copper-bearing ore at depth. It is to be hoped that Mr. Lewis will 'H realize in the Imperial the magnlilcent results that jH failed to follow tho promotion of the Majestic. An inventory of tho active stocks for the week , ending last Wednesday reveals a decline on tho part of Daly-Judge from $13 to $12.50, although the company has paid off its debts and is getting ! ready to pay dividends. May Day lost only half . a cent, but then May Day has not many half cents jH to lose since it got to 14. Beck Tunnel Is still ship-jing ship-jing a car of ore daily and tho company is earn- H ing enough to pay all expenses and keep up its dividends, but tho price of the stock continues to go down. It declined this week from 81 to 78. Thompson has fallen from 48 to 43, Little Bell from $12 to $10.75, and Columbus Con. stands where it .H started, at $8.70. Lower Mammoth was heavily 'H dealt in and jumped from 40 to G3. New York, iH after going from 2G to 32, relapsed to 27. H & Present quotations on Silver Shield are remin-iscent remin-iscent of tho prices that prevailed generally two years ago, but Its weakness Is accounted for by tho statement just issued to stockholders, in which 'M the receipts from the sale of ore are given at $3,096.9!) and from assessments at $G9,55G.0'9. Tho 'jt company is also shown to bo heavily in debt. On the whole tho present price of 10 cents Is not un-reasonably un-reasonably low. & Ji it Business on tho exchange has not boon hurt by tho warm weather. Lower prices do not seem to jH have a detrimental effect on Investments. The. ijk sales for tho Aveek onding Wednesday took in jl 304,549 shares pf a market value of $181,9C7.03. ,H Ore and bullion settlements for the same period wore 475,000. Dividends for tho month of Juno H will bo nearly $1,200,000. fl & J jH On tho Boston copper exchange Utah stocks fl are temporarily in eclipse, speculative Interest jfl having centered in other quarters. Boston is 'ifl quoted at $28, which is G2 cents less than at' H the beginning of tho week. Bingham and Con. H Morcur are unchanged and Utah Con. has settled JH from $G1 back to $60.87 . S 1 'H |