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Show II MINING AND FINANCIAL H9 A summary of the business done on the local Big mining exchange in March shows that the Tlntic U shares continued to rule the market. Swansea HB Consolidated with aggregate sales of 355,382 I shares was the most active issue. Tintic Central, I with 131,940 shares, came next, and United Tintic HB followed with 104,518. Lower Mammoth -was a MS busy little stock with 75,995 shares sold; Sioux H'fl had 64,500 in evidence, and business was done in II Crown Point to the tune of 66,094 shares. Of the HI! Park City offerings, Thompson-Quincy came first HU with 69,800, and New York Bonanza second with 60,200. Cedar-Talisman, representing Beaver II county, scored the sale of 55,100 shares, and Alta II Consolidated, of Alta, passed 24,550 over the HI counter. This exhibit gives an inkling of the 1' widening scope of the market which was itbout al the only sign of spring discoverable last month. i 8 May -Day and Uncle Sam, the two issues which B furnished most of the excitement at the begin- m I ning of the uplift movement, remained in the B background in March. May Day had sales of 38,- 1 200 shares and Uncle Sam registered the sale of j but 15,200. The public, howeve'r, never forgets n entirely the past records of these two issues and 1 half of the local speculators have their ears to Hl the ground for the first sound of a boom in them. H A candid account of the condition of May Day l1 leads to the impression that it is on one of its HP upward turns. The company is only slightly in Ht$ debt and it is facing a breast of ore on the 700 H level that promises a period of lively and profit- H abel production. The gold ore body on the 400 H and down to the 500, which promised such great H things for a time, tantalizes the managers and H owners by its erratic presentation of values. H Spots of fine ore alternate "with stretches of low- m grade and almost ore which reduce the average to a nominal figure. Uncle Sam Consolidated is passing through ono of its .periodical adversities the interval between ore shoots. It is admitted that the last big shoot found in the Humbug has been stripped to the yalls and that nowhere in the mine could an engineer en-gineer measure up more than a few tons of shipping ship-ping rock. At the same time numerous threads of fine mineral seaming the roof and walls in various places tell the management that the Uncle Sam has not reached the end of its string of beads, and it has settled down to the task of development necessary to bring the next bead on the string in view. The wise speculator has learned that the surest, if not the quickest, way to get rich is to buy Uncle Sam when it is between be-tween shoots and sell it when it is in them. It is the tendency of the traders to follow this principle that accounts for the activity in Lower Mammoth. Lower Mammoth has been out of ore for a long time and the public, judging from past performances, calculates that the continuation of work ought to lead to something or other before long. The company has taken a gambler's chance in sending a crosscut to the west, which may tap one of the Emerald or Opex veins. It is admitted that the chance of developing anything big to the west is remote, but the officers have a lot of virgin vir-gin ground in that direction and they feel that they would be remiss in their duty if they left such a large section of the property unexplored. In the meantime early lesults are forecasted from the work being done on a new parallel vein bearing bear-ing south from the old Ajax, now owned by the Gold Chain. He is a snarp broker who can "put one over" on the Salt Lake exchange without getting caught at it. A peculiar development of the optic nerve enables the members to watch the board and at the same time keep both eyes on one another. Traders disgruntled ones, of course, who have been sold out because their margins were not wide enough say that the brokers watch each other not so much to avoid the hooks as to keep themselves up to date on the tricks of the trade v Against this charge may be set out the fact that the members are willing enough, usually, to expose ex-pose instances of sharp practice in which clients and not the professionals are the sufferers. They know that the reputation of the local exchange for honest methods is its most valuable asset and they are disposed to discourage practices which tend to impair this capital. One member of the fraternity got himself talked about this week by trades in United Tintic Tin-tic and in Lion Hill Con. In each Instance his sales list showed a block of stock sold a cent or , two below the quotations that preceded and tol- " lowed it. The client who gave the selling order doubtless thought that this was a bit of hard luck, but the other brokers were generally of the opinion that the member who executed the order had a private arrangement with one of his associates asso-ciates by which he took the shares on his own account. A more kindly side of the exchange membership member-ship was brought out this week in the wholehearted whole-hearted manifestation of sympathy for a fellow member, Rufus K. Cobb. An affliction such as his, the loss of two beautiful and only children in a day, would have evoked the sympathy of the men on 'change for the merest stranger, and when the victim of the blow was one of their best-loved associates, it may be imagined how their hearts ached for him and his wife as they hugged their own little ones and pictured the desolation of a home without thein. The suspension sus-pension jof a call was only one of the countless marks of sympathy for the hereaved parents. The Pioche end of Salt Lake's comprehensive mining field has been rather quiet for the last week or two. March storms interfered seriously fc with the work on the Prince railroad and the ship-I ship-I ment of tailings from the Bullionville dumps. The completion of the railway probably will be postponed post-poned until the middle of May. Such activity as has been noted is to be found in the erection of a 600-ton ore bin at the Prince and the installation installa-tion in one of the pits at Bullionville of an automatic auto-matic loading device that will load from eight to ten cars of tailings a day at an estimated cost of only 7 cents a ton. An initial shipment of a carload car-load of copper-silver ore from the Home Run in the Bristol district and the regular output from the Day mine of the Day-Bristol company make up the production record for the week. |