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Show . w-f ,!. tKfje illarfeet ant tlje iHmeg Daniel Guggenheim of the American Smelting & Refining company has paid his much-talked of visit to Utah. As he was not thoroughly searched before his departure, it is impossible to say how many Utah mining properties stuck to his fingers. i " It is a fair guess, however, that he did, not have the Boston Con. concealed about his person. The comparative merits of Boston- and Utah Copper company shares were, the nails that prevented the lifting of the former property by the acquisitive acquisi-tive smelter man. For one whole day the -question of ratio was discussed by Mr. Guggenheim and President Newhouse of the Boston. , The dailies gave us the touching information that the two magnates did not get their luncheon on time because of the argument. The air was full of figures. Mr. Guggenheim fired volley after volley vol-ley of numerals showing the value of Utah copper cop-per and Mr. Newhouse replied with broadsides of choice selections from the reports on Boston en. There was such a mixture of mathematics In the atmosphere that the . ' v.e secretaries were obliged to put their headft . of the windows for air. But the principals i over wavered and, when the last desultory figures were fired both retired from the fray with honors even. The announcement an-nouncement was made that negotiations for the merging of the two great properties were off. The differences over the initial proposition and the status of the Cactus in the contemplated combination was not so much as touched up. On hearing that everything was over and the presents pres-ents sent back the people who understand the ways of the financiers began to brush their black suits and get ready Tor the wedding. 5 ? S Mr. Guggenheim went to Garfield and- saw for himself what a real Utah zephyr can do in the way of reduction. The smelterman decided that he did not like the method of treatment. He did most of his looking by proxy, however. JThis, he has learned, saves the eyes and, frequently the bank account. Gimlet-eyed experts under the leadership of John Hays Hammond have been flitting around Bingham and other camps, but they would not talk. Speculation concerning the purchase of the Honerine by the American Smelting & Refining company was overshadowed this week by the bona fide sale of 50,000 shares in the Honerine to Peter Haack of Los Angeles, for more than $200,-,000. $200,-,000. The vendor was Willard F. Snyder, formerly prcsidont of the Western Exploration company. With Honorine out of the running the gossips have been linking the Black Diamond at Stock ton with the smelter trust. This rumor has called forth a denial from the Black Diamond officials. Rumors regarding mergers of Grand Central, Victoria, Vic-toria, Eagle & Blue Bell, Ontario and Columbus Con. have gone to the rumor shop for repairs. Mr. Guggenheim made no secret of the fact that his company is in control of tho Balaklala Con. copper properties In California, but he treated with incredulity the report that he had acquired the Bingham Con. & & t It is not Improbable that, when Messrs. Guggenheim Gug-genheim and Newhouse again) sit down to a friendly game of coppers the last named will hold in his hand several more trumps. In fact he may be in a position to show Mr. Guggenheim that he has a 'firm hold on one corner of the copper cop-per prospects offered in the market. One of his latest purchases is the Highland group at Ely, Nevada, for $80,000. His field experts are on the go. constantly and no mine operator is better supplied sup-plied with information concerning the old and new camps of Colorado, Utah and' Nevada than Mr. Newhouse. t $ The spirit of prephecy rested on Goodwin's Weekly when it announced that the departure of D. H. Peery for Nevada would have considerable consider-able bearing on the destinies of Manhattan. "Henry's friends say the effect will be bullish rather than bearing, but that is a pun and puns are the lowest order of wit. Mr. Peery has joined forces with Henry McCornick and, together, they are .skimming the cream off the new camp. At this writing they have invested something over $300,000 In the Stray Dog and Indian Camp properties, prop-erties, both located in line with the ledge that made Manhattan famous. & Salt Lake is also represented in the purchase of the Pino Knot claim at Manhattan by Frank M. Benedict who, in company with C. D. Porter of San Francisco, - invested $175,000. Other Nevada Ne-vada sales of local interest are the purchase of the Eagle's Nest claim at Fairvew by William H. Dale, Ben D. Luce, John E. Hodson and Ed W. Mead, all of Salt Lake, and of the newly-discovered Whipple silver mine at Bally Springs by A. W. Scott of Pioche. The latter deal demon-slates demon-slates how quickly a good find in Nevada can be turned into cash. Within a week from the time of the' discovery the Whipples disposed of the original or-iginal location for $9,750 not a bad week's work for any prospector. & t t If you want any Columbus Con. you had better take a stepladdfcr when you go after it. It has recently developed the habit of wriggling up just out of reach when you put your hand out to get it. There has been some speculation as to why this remarkable share advanced a dollar in price ' aH between two days. The answer Is that some one H wanted to buy it. President Jacobson declares that there has been no sudden improvement in the condition of the mine to account for the jH increase and the alternative explanation is that there is a tip out that someone is buying for tho. control. Notwithstanding the higher price the owners of the stock are showing no eagerness to sell and' tne dealings in this share have not been heavy. & S & Columbus has not been alone in the upward movement although its rise is the only one of a sensational nature. During the week ending Wednesday afternoon it climbed from $5.45 to $6.36. In the meantime Uncle Sam went from 38& to 43, Beck Tunnel from 67 to 74, May Day from 24 to 25, Daly-Judge from $10.55 to $10.85 and Butler Liberal from 17 to 21. In con- 'M nection with the last named the public is informed that the eastern parties who are now In control .H are going to spend al the money needed to put the property on a paying basis. As a sign of good faith the working force is now being increased. . The stocks of the local exchange that have been overlooked by the goddess of fortune this week are Lower Mammoth which dropped from 34 to 30, Little Bell from $4.75 to $4.G0, New York H from 20 1-2 to 19 3-4 and Carisa from 29 3-4 to 17, 1-2. Trading has been catfio-l on on a liberal scale. Shares sold numbered 315,250, a gain of 18,000 over the preceding week. The vlaues ag-gregated ag-gregated $160,621.71, a loss of $23,000. Ore and bullion was paid for to the amount of $471,750, o gain of $56,000 The ten leading stocks above quoted rose In value from $23.07 to $24.19. dX & 1 Advices from the Boston copper exchange con-vey con-vey information of the first genuine reverse that has been experienced by Boston Con. since it be-gan be-gan its phenomenal rise from $8 less than a year ago. In the past few days it has slumped from $28 to $22. The cause can be none other than the failure of the Guggenheim merger, though it is H a mystery how that can lessen the value of the property. Nevada Con. continues to smile on. its worshippers with a $19-srailo and a. profit of $3 J for the week. It has been furnishing so much II velvet that the lucky ones in Salt Lake are be-ginning be-ginning to take their profits. i . |