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Show Hl The Salt Lake Stock and Mining Exchange is becoming a bulky body and in consequence har-der har-der to control. It is now suggested to dissolve the incorporation and reorganize as an associa-tlon associa-tlon of individuals. Whether the customers of the brokers who will form such an association will derive any benefit is one question, but the exchange will certainly be in a better position Hl to enforce its rules arid regulations. An associa- tion of individuals can make its own rules for the guidance of its members and there will be no H, danger pt these matters coming into the courts. Hr There have been controversies under the present H' system as an incorporated concern which have been difficult of adjustment and many more sor-ious sor-ious difficulties would doubtless have arisen had any person with loss tact and diplomacy than the jH President, James A. Pollock, been at the head of the affairs of the exchange. The exchange IH owes much to its president. Ho has worked and fought for its interests and much of its sue- Hj cess has been duo to his watchful guidance. .At -M . iH The present quarters of the exchange are en- tirely inadequate and the day when there will be a permanent home in one of the now skyscrapers now under erection by Mr. Newhouse, will be welcomed, not only by the members, but by all who have any business with them. And the most pleased of all will bo President Pollock. The idea of a permanent homo has long been his chor-ished chor-ished dream and he has never ceased to look for- Bj ward to it. Perhaps the day will come when the Salt Lake exchange will be on the list as one of the show places of the oity. It is 'even now Hj worth a visit HE Tlntic properties still are the center of inter-est. inter-est. The principal feature among those has been the consolidation of the May Day and Uncle Sam holdings. This has been practically agreed upon and the working out of the details is all that remains. Uncle Sam will remain intact, the Humbug properties belonging to the company not Hj entering the merger, but a new company will be formed to take over the Uncle Sam claim and May Day properties, the stock to be divided equal-ly equal-ly between the companies. The May Day com-pany com-pany will contribute more ground but gets the benefit of bettor equipped workings and of the Hj mill for the treatment of low grad ores. The . arrangement is considered an equitable one. j The merger of these two companies makes a very strong com'blnation and the stock of the new company will meet with a hearty reception. Both of the companies have been racing upward on exchange lately and both have been taking out some fine ores. They have splendid re-sources re-sources and with the more economical working under one head, will prove dividend earners. B These are the days of concentration of oner-j oner-j gies in the mining business. Another consolidation which is being worked out is that of the 8tar Consolidated and the Black Jack Mining company. These two companies have about completed do-tails do-tails of the union and the meeting to be held on j the 14th is expected to be a mere formality to clinch the matter. . Like Uncle Sam and May Day the interests of the companies are identical and the interests of stockholders of both will be served by the consolidation. & & & While Tintic stocks are still well to the front there are indications that the ancient camp of Alta is going "j give them all a run and that very soon. South Consolidated stock has been soaring during the past week and has reached in the neighborhood of $1.90. There is all sorts of talk of what this property is doing and is going go-ing to do and that it is in a prosperous condition is evident. And not only in this property but in other Alta propositions there is an activity which seems to indicate that there Is something of her ancient glory in store for the camp. While there have been no sensational reports of strikes all Alta properties have looked good and all reports re-ports are of everything being in smooth running order. , i i ! 1 3! & & A. O. Jacobson says that they are taking some groat stuff out of the lower tunnel in the South Columbus Con. property. According to him there is also a rich vein of copper in siglit In another part of the property. It is expected that the tramway to the station will be ready by May 15, and Mr. Jacobson thinks the mine will be ready to begin sending out ore by that time. Other Alta properties show the same prosperity. The Emma has opened up some fine ore, some samples assaying 137.3 ounces of silver, 5.8 per cent of copper and $3.20 of gold to the ton. A big mine may be developed here yet. The tramway tram-way of the Continental company to Tanner's Flat is about completed and the stations estab- MHMHHHHHHnnnnHH llshed at the Columbus Con. and the Emma will' greatly facilitate the production from the camp. g j $ Beaver county is attracting some attention just now. As long ago as 1871 the Burning Moscow Mos-cow was worked, but of late years or until a year or two ago, only the surface was touohed. It is now to be systematically mined and a new company com-pany has just been formed which will take It over, along with the Extension of the same name, and other properties. Development work is to be pushed and with the copper said to be showing show-ing in a hitherto unworkod portion of the property it may yet be one of the best of Utah shippers as well as one of the best dividend earners. ? Buyers In the local stock market during the past week have been inclined to look askance at Copper Glance and the price has had a downward tendency. This is supposed to have been in consequence con-sequence of a rumor that the deal for control of the Bingham Amalgamated was iofC. This is said to have been incorrect, however, as the Pittsburg-ers Pittsburg-ers who have been after the property have until the 20th to complete their bargain. Another statement was that the stock was bearing beard in an effort to gather in a few loose shares which might be floating about as easy money. The stoclcqholders who have all along believed in Copper Cop-per Glance are not worrying. They know they have one of the best properties in the state and that the group is one of the largest in the well known monzonito zone of Bingham. There is ft no doubt with any reasonable man of the future of Bingham Amalgamated propositions. & & & A. J. Davjs, president of the city council, came back from a Nevada trip during the week with a much more comprehensive idea of what Salt Lakers are doing in the Sage Brush state. He says he found them on all sides, both in Nevada and California. Mr. Davis was particularly interested inter-ested in the Crescent Peak section, claimed by both statos. Here he inspected the Crescent Peak group which Salt Lakers are turning Into what he thinks will bo a paying proposition. Other Salt Lake propositions such as the Lucky Dutchman, & the Yyoming In this section, and the Viola group, near Leith, Nevada, owned by A. Fred Wey and others are all doing well, he says. & t & Another new -company is to get busy in the same district. The, Combination Mining company in which C. A. Quigley, J. A. Foley, W. S. McCarthy, Mc-Carthy, P. J. Daly, and B. K. Cobb, of Salt Lake, are interested, owns property adjoining the Moscow Mos-cow on the south, the Victory on the west, the Elephant on the north and the Waterloo on the east With such old time producers as neighbors, the Combination should prove a valuable mine. Development work has been commenced under what the promoters consider favorable at' Uces. & & j$ Very few people who own shares in the Utah mine, of Fish Springs, are not anxious to part with them. This property is always on time with its dividends and never cripples ts- resources to make it. .. Every month for a long time back the com-paiiy com-paiiy has been able to divide ?3,000 or three cents a share and not evon a fire at the mine could interfere with it Secretary Wollor, who has juat returned from an inspection trip to the property, prop-erty, says that the damage done by the recent conflagration con-flagration is being repaired and that steady shipments ship-ments will continue. The ore sent in from the mine of late have been the richest ever marketed by the company, and there i every reason to believe that they will continue. The Utah has a record of which many a bigger company might well bo proud. . it W. A. Kidney, under whoso dlreotion the big milling plant Qf the Ohio Copper company, at Lark is being constructed, says that the structural steel is ready and the mill will bo rushed to completion. comple-tion. Since the company began the erection of this plant at the mouth of the Mascotto tunnel everything has run most satisfactorily. The mill will have a capacity nearly as large as the now big mill at Garfield and it is expected will be ready in the fall. Everything seems to bo running very nicely with all the Bingham propositions'. L. S. Cates, of the Boston Consolidated, says the four big steam shovols are tearing away at the copper porphyry deposits at the rate of 10.00Q to 12,000 tons a shift, and he has no doubt of being able to get enough ore to give the big new mill at Garflold the 3,000 tons a day it can eat up. The tramway is now being Installed and will bo ready as- soon as the mill is. & & Traction trains are now being used to get out the ores from the Nevada-Douglas mine at Yorlngton to the station 19 miles away, and have proved a big success. The trains consist of an engine, tender and three trail wagons with loads of over 40 tons of ore besides the freight of the company. Another of these traction trains is being installed for the Nevada-Phoenix company, at Tenabo, in the Bullion district, to haul ore to Beowawe, 2"4 miles distant. Nevada-Douglas had its annual meeting the other day and made a great showing. Few companies com-panies have managed to get In as much development develop-ment work In the first year with as good results re-sults as has this company with which Salt Lakers have been actively connected from the start. The company has spent three and a half millions of dollars for property purchase, owns 29 rich claims, an iron mine four miles away and mill sites and water rights. It has tremendous bodies of ore and may well bo ranked with the big ones. Colorado Mining during the week made a sensational sen-sational run, reaching well over ?3. It shows no sign of weakening and many sales at the big prices have boon recorded. W. C. Orem, who was recently down to the Nevada-Douglas mine, says the company is banking bank-ing on electric powor to do its work. Polos for the powor line are now going out and the lino will soon be under way. Mr. Orem says the Yorlngton Consolidated and other Yerington properties prop-erties are all doing well. Mr. Orem is not alone in thinking Yerington will bo a great camp. B. F. Delmas, superintendent of the Zenoli mine at Palisade says It Is a world boater. Not only has the district mammoth ore bodies, but the ore is of a ver yhigh grade. Ore, ho says, is everywhere in sight about the Bluoston, Ludwig and Nova-da-Douglas. Other camps In Nevada may bo overrated, over-rated, but not Yerington. |