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Show i The Market and the Mines S Persons have been known to buy mining stocks to paper their walls, but as a general thing the sole reason for Investing in mines or their stock is to make money. At the same time the earning of a profit is not everything. There is a substantial advantage in being able to turn stock into cash at a moment's notice. It is satis fying to be able to pick up a daily paper and find out, not necessarily what your stock is worth, but what you can get for it. Because of this advantage advan-tage the listed stock quoted on some reliable exchange ex-change is always more popular than the "close" stock of indeterminate value. Shares recognized on 'change can be discussed more intelligently and estimated more accurately than those which appear only in the office or the sanctity of the home. But the dealer in mines who refuses to I notice a stock until he has been properly introduced intro-duced to it in the trading room is taking a long chance on passing up many a good thing. The big winnings are for him who recognizes a profit-maker before It makes its appearance in the pit. If you can pick once in er t'nies the gem of purest ray serene before it is y A from the dark, unfathomed caves of the ( i, the mining game is yours. If you can ony pick the gem when it has been cut, polished and set on the blackboard you will have to pay tribute to the fellow who found it. An examination of the list of stocks now in favor on the Salt Lake exchange will furnish ample evidence of the theory just promulgated. pro-mulgated. At least one-third of the best sellers H could have been had for a song one or two years ago. Five years ago they were unknown. Corn Co-rn lumbus Con., Little Bell, Nevada Hills, Beck Tun- I nel and South Columbus are glittering examples. & ,3? The point of this discourse is that the future leaders of the market are at this very moment lying around somewhere outdoors waiting for . someone to pick them up either by driving stakes and doing the development work, or by furnishing flour and bacon for the persons who do the work. A good many hundreds of thousands of dollars will be lost on worthless prospects while looking for the meritorious ones, but, as John D. Rockefeller, Rocke-feller, Jr., remarked, hundreds of buds must be sacrificed to make the American Beauty rose. Although Al-though gifted in a large measure with the prophetic pro-phetic instinct, Goodwin's Weekly refuses to say where the big mines of five years hence' will be found. "S There is hardly a county in the state that does not expect to become a great mining center, and that some, now in the prospecting stage, will realize re-alize this ambition is not to be doubted. Among the most active candidates is Piute county. There gold is found almost everywhere, but, up to the present time, the values have been too low or the veins too small to make the operations profitable. The La Sal mountains in Grand and San Juan counties are the scene of interesting milling experiments, ex-periments, the problem being to extract the values val-ues from low grade ores at a cost that will leave a margin in favor of the operator. The presence of such rare minerals as uranium, platinum and molybdenite makes this field of scientific importance. import-ance. In western Utah several propositions are past the prospective stage, but the growth of the industry is retarded by the lack of railroad transportation. If predictions could safely bo made on this subject and they can't the writer would indicate Deep Creek as the home of the coming bonanza. S & Then there is an exceedingly promising copper cop-per field about fifteen miles north of pgden in the Sierra Madre mountains. On four or five properties ore. of high value has been found in place. The principal difflculty is to carry it to market and to get the capital to open it up on a large scale. As far north as Cache county and as far south as St. George the prospector is earnestly earn-estly hammering his drill and patiently waiting for "capital," the one thing, all will tell you, that is lacking to make the "Pauper's Dream" or the "Bonanza King" a second Comstock.. By the way, we do not hear so much about the mineral wealth of the Uintah" reservation as we used to before the reservation was opened to location. Even that entertaining old fake, the "Rhodes mine," has gone glimmering. A Provo man who pretended to be in the secret and probably prob-ably did know all there was to know, is still making mak-ing a living by selling imaginary interests in the mythical mine to credulous tenderfeet, but to the . initiated the "Rhodes mine'' is nothing more than a beautiful dream like the kingdom of Golconda and the Fountain of Youth. Uintah county has great mineral wealth, but It -is in the form of hydro-carbons and not in gold or silver. This statement, however, carries no reflections upon the copper belt north of Vernal or the placor sands of Green river. j: The Gold Mountain country has the Annie Laurie Lau-rie as evidence that the mineral wealth is there, although the district as a whole is little developed. devel-oped. The Richfield correspondent of a morning paper says, in speaking of a promising prospect: "The face of the tunnel is now in a huge porphyry por-phyry dike and it is expected that when the dike is pierced a large body of ore will bo encountered. According to experience a change of formation is always found on the other side of these porphyry dikes." This recalls the story of the Irishman who, on being informed that the last car of the jH train suffered most from accidents, inquired why they did not leave it off. One is tempted to in- ifl quire why the Gold Mountain miners do not tun- jH nel in to the "other" aide of the porphyry dikes. H The month of July should go down in the history of Utah and Nevada mines in red letters. H It has discredited the prophets who insisted tint H hot weather would demoralibe business by roll- 'H ing up a total of 670,386 shares and $554,060.60 in the transactions of the local exchange; it has ll witnessed the payment of $1,266,500 in dividends and it has an official record of ore and bullion Jl settlements amounting to $2,104,100, exclusivo of the copper shipments. Still more important is the progress made during the month toward a iH lasting peace between the miners and the mine ';H operators. At Tonopah the miners have been ifl given what they want, Including a scale of from 'H $4 to $5.50 a day, and have agreed to make no ,H more demands for threo years. At Tintlc a sat- isfactpry wage scale has been agreed upon, and 'H the Bingham miners have wisely voted down a 'fl proposition to strike. ;H The tendency of prices during the week end-ing end-ing Wednesday afternoon has been generally up- ward. The ribbon goes to Nevada Hills, with a ! net advance of 37 cents to $2.97. It went iH higher, but was unable to maintain its advantage. ; Some of this strength may be due to the returns on the last shipment, which averaged $228 a ton, 'M but it is principally due ,to.tJie report that a show ' shipment of $1000 stuff was being prepared. At jH the mine a crosscut tunnel is rapidly approaching the vein which follows the footwall of a big quartz ledge. South Columbus has been second In popu-larity popu-larity with an increase from 60 to 69. The man- agement has been cleaning out the abandoned lower tunnel and will soon have connections made with the air plant of the Columbus Con. Buyers iH of stock are showing their confidence in what the jH future will show. At the Columbus a strike is jH reported in a crosscut near the mouth of the tun- iH nel. The hanging wall Is said to be covered Wt with $50 galena. Thus far the announcement jfljMj has not affected the stock, which is quoted at $7.80, the price that ruled at the beginning of the week. |