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Show MINING AtiD FINANCIAL A question its to vliat mining stock one Shohld buy recalls the declaration of a modern discipline of Omar Khayyam to the offect tlidt all wlilsky Is good althtiugh some whlsKy Is better thnh other whisky. So far as the Utah stocks arc concerned all that have survived the merciless winnowing win-nowing of the last year may be designated as conservative Investments The experience exper-ience of a shipment of ore In a smelter Is mild compared with the process to which stocks have been subjected. They have been squeezed and compressed, kiln dried and sun baked until the last trace of water has been removed form their valuation. They have been picked, sorted, resorted and Inspected until every share with a constitutional con-stitutional derect has been eliminated and thrown over the waste dump. They have been roasted, assayed, anallzcd, sintered and refined Prices have been established on a strictly competitive basis and, for a maigtn or safety, cut In two. Under the circumstances there Is a good deal or Irony In the question as to whether any stock 13 worth Its present selling pi Ice. Not all of them are as good as government bonds, but government bonds arc not soiling at prices which require the vendors to run pennies through a sausage mill In order to make changp. But somo stocks are better than othors? Yes, they are, on the race or tho roturns. One can't look Into tho ground and forestall fore-stall the surprises of mining, but there are known conditions hat arrord a basis or comparison. The greatest diversity or points Is to be round among the very cheap stocks The choice ranges rrom shipping propci tics such as United TIntIc and Lower Mammoth to such scantily explored prospects pros-pects as Plocho Metals. Tor one cent a share or less one could have bought in the last week United TIntIc, Lower Mammoth, Plocho Metals, Sioux, South lion Dlossom, Utah Consolidated, Plocho Demijohn, TIntIc Control or Lead King. Everything else being equal one naturally would pick tho shlppors, but other things arc not equal. Shippers may be ovor-capltallzod, or dobt-rlddcn dobt-rlddcn and raw prospects may have excep tlonally good surface indications and strong financial backing. With 1 to S cents to Invest, a buyer could havo acquired ac-quired Union Chler, Lohl-Tlntlc, Crown Point, Cedar Talisman or Swansea Consolidated Con-solidated evory one savo Crown Point having a production rccoid. Five to seven cents a share would have placed tho buyer In possession or Dock Tunnel, Koystone, King William, Uncle Sam, Plutus or May Day IT he had rrom 0 to 12 conts a sharo to Invest he could havo bought Wllbijrt, Deck Tunnel, Alta Consolidated or South Hccla. Twonty-rivo to thirty cents would havo given tho choice between Gold Chain, Thompson-Qulncy and Prlnco Consolidated. Forty to nrty cents would havo enablod one to stock up on Ohio Copper or Victoria Consolidated and Tor $1.20 to $1.40 ho could havo picked cither iron Dlossom or Sliver King Consolidated. Silver King Coalition remained In h class by ltseir at $3.50 and up. Invostors with a taste Tor blggor things had Ualy-Judgo, Daly-West, Utah Consolidated, Unltod States and Utah Coppor to trado In. Although Al-though so many or tho stock issues aro selling at substantially tho samo prices, ovoryono knows that In six months or a year the classification will bo radically altorod. investors who mako wise and rortunato selections will bo counting prorits thon, while tho possibility or a con-sldorablo con-sldorablo number surrorlng loss scorns o-cocdlngly o-cocdlngly romoto. Chanco, or "luck" Is a ractor In all bi Mioss and especially In mining. In n small porcontago or casos It may bo tho determining ractor. nut In tho long run Judgment and Intelligence will always loavo luck bohlnd Study and analysis pay nine time out or ton and on tho tomh they will provont any serious loss, orriclal roports, If they aro ical reports and not advertising literature, aro a great help to tho student or mine values although a more statement or assets, liabilities and dovolopmont work is but a part or tho lnrormation required to rcac a truo eBtJmato. A satlsractory nccoun or Its business arrairs was given in the ltt&t week by tho Alta Consolidated Mining company. Although it shows the company to owe $12,258, It discloses It has paid $30,878 on Its property and received re-ceived $57,114 Tor oro in tho last two years. Its pay rolls havo amounted to $18,013. A not return or $17,000 on tho labor perrormed Is not largo, but tho labor In this Instance, Included all tho preliminary prelim-inary development or tho mlno and was carried on with common hand tools. Since tho ground has been opened and tho oro round, the proportion or expenditure Tor woik should bo lowered materially. Real pconomy, however, will not Do mtainablo until tho mlno is cquippod with power drills and other labor-saving -machinery. Tho necessity Tor better equipment Is recognized by the secretary in Jils annual report, although tho matter that ogives him the greatest concern is tho debt of $ 12,258. Ho seems not to havo takon to heart tho gioat truth, so comrortlng to debtors In all ages or tho world, that tho creditor will do all tho worrying necessary. neces-sary. Tho directors announce a plan Tor financing tho company. It Is not a now plan or a novel one, but It seems to bo tho only workable solution or tho problem bororo them. They ask tho stockholders to consent to an Increase or 200,000 shares In the capital stock. A special meeting has been called for October 10 to vote on the proposltlon.lt Is probable that thp Increase will be authorized. It will depreciate the value or tho shares now outstanding, hut It will serve as a substitute substi-tute ror an assessmont, an aigumont that carries considerable weight with most shareholders. Parallel veins are qulto popular In mln Ing circles this Tall They give a youth-Tul youth-Tul appoaranco to old and mlddlc-agcd mines that Is vory retching. Tho style roally startod last spring when tho American Ameri-can riag mlno at Park City appeared with Its "Castor" voln, paralleling -the old flssuio to tho oast. Iron Dlossom roll ror tho Tad during tho summor and looked qulto Jaunty with a now oast voln on tho outskirts or its original oio channel. Now tho Ontario or Park City, is tiylng tliP samo modioli or rojuvonatlon. houtn or tho wondorrul rlssuro that lias -yielded so many millions or silver a inisc from the 1500 level has cnteied 12 root or shipping ore. Tho width or tho ore aiono is an Indication that It Is not an orrshoot rrom tho old flssuie, since that fissure never hold more than C or 7 foot or high grado oto between walls. Tho valuo or tho now rind distinguishes it from what Is known as tho Ontario's "back" voln, which has long boon mapped across tho southorn portion por-tion or tho estate Tho "back" voln is thick and imposing In appearance, but Isn't worth much. Tho now voln Is supposod to run along boUoon tho Ontario rlssuro and tho "back" voln and to possess tlio rlchnoss or ono combined with tho blgnoss or tho other. It may soom strange that such a lodo should bo ovorlookod In ground that has boon worked Tor rorty yoars Such things happoii, howovor, and when thoy do happon thoy go a long way towaid balancing accounts with tho oxpoctod things that rail to happen. Whon RUly Child loaves his Main streot orrico long onough to mako a porsonal Inspection In-spection or a mining camp tho ocuurinco is mpro than an lncldont -It Is an ovant. Honco tho announcement that Mr. Child had boon to nochestor, NOvada, created qulto a stir In mining socloty this week and give rlso to a good dool or guessing as to what was on Tho Broker liimseir disclaimed important designs on tho new district, But aUmlttod that hls-iioustrmtgrit 19 tako a band ln-Us, iovolopmqntjrir tho Ht'l4 jjfll gation which -has ctardjJd tho 'camp v6rd !H sottled. Mr.'ChllU lrnslho Krirfok or sum H marlzlng In a scntanco Tacts that would H mako columns or detail and this Is hi !H synopsis or conditions nt Rochester: - - !H "Thoro aro ton sots or lessees, Tour or H whom aro shipping nntf rdur mOro'saWlng H a good grade or oi o. Avora hr6lUoti&n jH IS 100, tons' a day rahglhg in Vnlurbm H $30 to $204 por ton. fhd veins arc wM defined and appear blggor and, richer at 'H tho greatest dopth gained thari nearer tno H .surface." H |