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Show I The Market and the Mines I In Colorado a decade or more ago folks used i to quote ono of Cy Warman's pooraa which con- f eluded: "It's day all day In the daytime and i there is no night. In Creede." As revised by the shortB of the Salt Lake Mining Exchange the ouotation would read: "If there wore no Knight in Tintic it would he all daj Indeed." The stocks controlled by Jesse Knight were quiet the lat ter part of last week, but the calm proved to be only a breathing spell and with the fall of the hammer Monday morning the shares began to Father momentum which carried them above any previous level. A critical examination of the shares fails to show any weak places. "More ore and beter ore" sems to explain the situation. situa-tion. It is a case of virtue rewarded. With the stimulus of promised dividends the Tlntics cannot can-not be kept down and the rise of prices brought with it un increase of business that promses well for the summer months. Outsdo of Utah no camp is making a bettor showing this week than the Seven Troughs district. The mines and leases of Humboldt county are getting down into the solid formation and everyone Is cheerful over the outlook. Well Informed persons have no hesitation hesita-tion in asserting that Seven Troughs will soon duplicate the achievements of Qoldfleld and To-nopah. To-nopah. u & We have been so long accustomed to regard American Fork canyon as a sort of prospectors dream that the report of a mine with a quarter of a million dollars' worth of ore ready for shipment ship-ment seems incredible. Yet the report is well authenticated. The Wyoming Is the mlno and Tyng brothers are fho principal owners. The fact that all this ore is at tho mine and not at the smelters is readily explained. Transporta tion in tho canyon is in its primitive state and the winters are extremely long. To get out ore over any but tho best roads would consume tho lion's share of tho profits. So the miners have been delving away in tho ore bodies in the back of the tunnel and putting the product into sacks. Our alleged summer weather having made tho canyon passable tho ore wagons have bogun to move. That quarter of a mllion will soon bo in tho bank and tho Wyoming wil have the means for developing its resources on an unprecedented scale. tf & Optimistic statements come from other American Amer-ican Fork properties, but, after making a reasonable reason-able allowance for the enthusiasm of the promoters, promo-ters, hardly enough facts remain on which to base the assertion that these arc in the regular producing class. The 'Wyoming has conferred enough on the district for one season and the persons Interested can well afford to wait awhile for conclusive developments before touching every prospect as a Golconda. If this wore another season it would be proper to remark that Beaver county mining enterprises are making hay while tho sun shines; this year it. is more aproprlate to observe that they are making hay while the rain pours. The net result of their activities is the daily apearance of one or two cars of ore n the freight yards at Mil-ford. Mil-ford. That this record will soon be trebled and quadrupled is indicated by tho condition of the ore bins In tho adjacent country. Beaver, like American Fork, is the victim of Invalid roads and the matter of getting ore has been overshadowed over-shadowed by tho more serious problem of getting it to market. At the Moscow mine alone, It Is said, tho ore in storage and that left standing in the mine for want of storage facilities amounts to hundreds of tons. Another car of ore from tho Progressive property in tho Star district came in during the week as a reminder that the group is comothlng more than a possibility. The consignment con-signment averaged about $150 a ton in silver and copper and was obtained within 150 feet of tho surface. The announcement that tho shaft will bo sunk another 50 feet and the vein tapped on the 200-lovel illustrates the precarious financial i condition which has handicapped the minues of Beaver during tho last few years. In almost any-other any-other section of tho state a company marketing $150 ore in carload lots would scorn a scheme of development which halts at a 200-foot shaft. The unfortunate necessity which makes the deminer-$ deminer-$ alizatlon of Beaver a hand to mouth process approaches ap-proaches the economy of the Nevada promoter who came to town a few days ago to order a concentrating mill for the five companies of whicli he is the proud father and bought a plant capable ca-pable of handling forty tofts a day. In addition to the Moscow and the Progressive the Hub, Waterloo, Cedar, Talisman and Hecla are contributing to Milford's reputation as a ship-f ship-f ping point. The Cedar is one of the deep mines of tho county that is, deep for that county with f Its 275 fet of shaft and a winze below that in whicli has been opened several inches of lead and M silver. Although not yet in it, a likely candidate for the shiper class is the Combination in the Star distriot Since the tenth of May, when operations op-erations were commenced, the company has driven driv-en a tunnel 140 fet and crosscut a ledge veined with lead, silver and gold. , From the outlying sections, such as Marysvale, Deep Creek and the La Sals comes little news of moment. In the region first named much work is in progress but the results to date have not been conspicuous. Deep Creek, according to reliable re-liable reports, has a number of prospects that would be mines if the oro could be marketed to' advantage. For years the Deep Creekers have been alternately digging for gold and waiting for a railroad. Now that tho Western Pacific is so near it is easy to predict that they will soon be digging for a railroad and waiting for gold. The' prospectors in the La Sals seem to have encountered en-countered a large vein of silence as it has been many .a day since wo have been advised of a strike in that region, or even of a new mill. There is always something doing in Emma Copper. It occupies a place in current gossip out . of all proportion to its importance as a mine. It first gained notoriety through the mistaken im pression that it included in its possessions the old Emma mine of international fame. This error is now completely dissipated by the news that the original Emma has been purchased from the British stockholders by L. R. Martineau and John A. Groosbeck and that it is to be incorporated as the Old Emma Mining company, G00.000 shares, par value ?1 a share. This week the property has been in the public eye because of a published statement that Samuel Newhouse suspected two of his associates of double crossing him and threatened to resign from the directorate in consequence. con-sequence. Mr. Newhouse is reported to have said that there was an agreement to pool 100,000 shares of the stock until the mine was on Its feet, an agreement that was observed until the stock wdnt to 80 cents when the temptation be-10,000 be-10,000 shares each at the top of the market. No came too strong and two parties to the pool sold names have been mentioned in print, but everyone who reads tho papers knows that C. W. Whitley and D. C. Jackling were members of the Emma syndicate. Their version of the matter has not yet ben given to tho public. & S & Shares sold, 205,225; selling value ?174,407.70; ore and bullion settlements ?520,000. These are tho figures for the week ending June 26. During the same period there was a general advance in the value of listed shares. Colorado went from $4.07 to $4.90; Iron Blossom from 80 to 98; Beck Tunnel from $1.70 to $1.82; South Columbus from $2.05 to $2.27; Columbus Con. from $5 to $5.40; Lower Mammoth from $2.37 to $2.45; Yankee from 52 to G3 and Uncle Sam from G9 to 75. Mountain Lake, however, dropped from 09 to G7; Sioux Con. from 43 to 39 and Seven Troughs from 67 to Gl. Among the unlisted stocks there was a better demand accompanied by stiffening prices. Honerlne, which began the week at 10 bid, was quoted at 35 on the iinal day. There is also a better feeling In the Boston market mar-ket which is reflected in a growing demand for coppers. |