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Show Mining and Financial THERE is nothing like a trip to Plocho and three holidays in a week to change one's luck. All of the brokers on the local exchange will endorse this observation. In the three days last week when tho ex change was closed enough orders accumulated ac-cumulated to make one day of good bUB.ness. It is the concentration principle prin-ciple applied to stocks. Reduce three day's business into one and you have a product that will pay treatment charges. Perhaps this is the solution of the problem that has troubled the exchange professionals for so many moons. Other remedies having failed why not transform the exchange from a daily to a trl-weekly not a try-weekly try-weekly nor a tri-weakly, but a triweekly. tri-weekly. It might do better than the scheme of mending its fortunes by introducing in-troducing a score of Nevada issues into in-to the call. That plan proved, as this department of The Weekly appreheild-ed, appreheild-ed, a failure. The caihug or the Ne vada issues has been abandoned. The expedient was based on tne rallacy that a deficient supply of butter can be augmented by spreading It over more bread. The fact is that the tlmo to hunt up additional bread is when the butter is plentiful. The Nevadaa should not be forgotten. They and the local industrial shares may be listed list-ed to good advantage when the market mar-ket becomes lively. In speaking of the Neuaas no rerei-ence rerei-ence is intended to the Pioche stocks. In everything but their geography thc Pioche mines are Utah properties. Most of them are financed and directed direct-ed from Salt Lake City and a strike at Pioche is as much a cause of joy in Salt Lake as is a strike at Tintlc or Park City. Three-fourths of the smiles that have illuminated the con-tenances con-tenances of the Salt Lasers wno worn, with the Pioche excursion, since their return are on account of the Home Run. No, no, gentle reader, not tho run home. The Home Kun isa mine down in the Bristol district near Pioche. Three montns ago it was a prospect. A bunch or Salt Lake mining min-ing men took hold of it, organized the Homo Run Copper company and in a jiffy made a mine of it. It is not the biggest mine at Pioche, but it is the first to pay for its own development from grassroots down. It has shipped one carload of copper ore to the Bmelt-ers, Bmelt-ers, loaded and started another and exposed two more carloads in a little 'more than fifty feet of digging. Tho shaft Is little more than a prospect hole 90 feet deep. From the smelter settlement on tho first car of ore the Home Run pulled down $65 a ton. The cost of mining, hauling and shipping had been about $10 so the net return on tho ore was $55. The second consignment is ex-peoted ex-peoted to bring more than tho first, for the ore runs higher, as It goes lower. That sounds paradoxical, buv if Is true, or, at least, official. Tho officers say that the besr ore yet found In the property occur j. a cave at the bottom of a winze put down on a chimney of mineral. The cave is a versatile ore-maker having five feet oh copper on one side and two and a half ieet of high grade Bllver on the other. They are running a 20-foot drift from the bottom of the 90-foot shaft to get under the cave. With this conneclon at tho bottom and a compressor, which is about to be ordered, at the top, the Home Run will ibe in a position to 'make a brilliant record for a mere infant. in-fant. The stock has not been listed and only a small amount of it is pur chasable. This gives un air of vera-city vera-city to the reports of the owners that accounts of new mines occasionally lack. Of the million snares authorized the Home Run has issued 700,000. It is estimated that 100,000 shares have found their way into tno market and the remaining 600,000 are held so closely that they could not be pried loose with a jimmy, juast sales fixed the quotations on the stock at 25 to 27 cents a share. Prince Consolidated, strange to say, has sold for a lower price smco the excursion than It dirt berore. This is a coincidence apparently Tor tho drop did not take place immediately ifter the excursion and those wno vIb ited the property speak or it in the: highest terms. They say that the low grade ore from the manganese beds is coming out over the new Prince railroad rail-road at the rate of six carloads a day. If it turns out as anticipated that this ore nets $3 a ton from tho s'melters somo of the sellers wh.o are marking down their stock will soon oe wonfleY-ing wonfleY-ing what made them ao it. To add to the complications in tne complex affairs of the Nevada-Utah Mines and Smelters corporation, J. A. Cunningham has just commenced suit In the federal court for $10,000 he claims as a commission for engineering engineer-ing the sale of the Ohio-Kentucky stock to the Navada-Utan and Amalgamated Amal-gamated Pioche. Mr. Cunningham already al-ready holds a judgment for this claim given by tho district court of tho Third district of Utah. It is said that the renewal of the litigation in the federal fed-eral court is preliminary xo a movement move-ment toward blocking tho present reorganization re-organization plans of the Nevada-Utah crowd. Those plans are crimped now by a temporary injunction granted a Mr. Cunningham's request which forbids for-bids the holders of the Ohio-Kentucky stock to deliver it to tho Nevada-Utah, Amalgamated Pioche or any other interest in-terest ponding the determination of the Cunningham suit. If the federal court takop jurisdiction m this case it will force tho Novaaa-Utah reorganizes reorgan-izes to settle other claims against the Amalgamated Pioche before it can go to work on its mining enterprise. Somo facts concerning tho negotiations negotia-tions for tho sale of the Silver King Coalition at Park City to an English syndicate have begun to leak out. It is said that a preliminary examination has been made by Messrs. Howard and Cox, engineers known to be connected IM with the Camp Bird, Limited, the com- H pany which owns tho famous ,Camp H Bird property in Colorado. After a H casual survey of the property the on- glneors informed the Coalition man. Mfl agemont that if certain modifications IB were made, in tho proposed terms oi M sale they would recommend to their !H principals a complete sampling of the H mine with a view to tne closing of tho H deal. Whether or not tno terms have fl H been amended to meet the views of H the experts rumor saith not, but a H third expert, a Mr. Jesson, appeared H on the scene after Howard and Cox H went away and is still looking at the H mine. A complete examination such H as has been suggested, would be a H large undertaking, costing from $30,000 H to $40,000, and would settle the mat- H ter of the sale one way or the other. |