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Show Mining and Financial Speculative stocks have shown a rather weakening tendency for the past-week. This tendency has been less pronounced in the coppers, and with the red metal at the present prices, there Is little excuso for copper cop-per shares to fall much In price. That there is a large short intorost in the market must be evident, and most of the apparent strength on rally days comes from this source. Holders of actual stock are, in the main, making no effort to sell, knowing that, In time the down grade course will roach its limit and stocks will command hotter figures. With the tariff readjustment ahead, and the lurking fear that something, whatever that may be, will happen regarding our relations with Japan, big Interests are holding off, so that but little is doing. The "boar" crowd have beon making the most of the situation, and more than ono stock has' been hammored to the lowest point In years and bolow roal worth as an investment. The time is not far distant when Investment buying buy-ing can be done with safety. One cause of loss In mining shares, due to the inflated prices of the shares, Is more often due to manipulation manipula-tion by the "Insiders" or controlling ownors of the property; In fact, about rflnetyper -cent at the losses sustained by the Investor is due to this source. Somebody must be blamed and the broker and the cmlnlng exahange generally gen-erally get It. The steel and Iron business Is a generally accepted barometer of the Industrial conditions and outlook of the country. The condition of this business for the past several months has been very satisfactory. An instance in-stance Is the situation -of the Colorado Colo-rado Fuel & Iron compuny, a -western institution. In its wire mill department depart-ment it is four to six weeks behind on orders. On bar stool the capaolty is booked four months uhoad and the rail mill Js a your nhoad. r The value of the mining Industry to Salt Lake and its business interests is so great that It onn hardly be estimated. esti-mated. Through'' its ' oporation a greater amount of capital from out the state has been indueod to seek Investment In-vestment here than from any other ono source. The effect of curtailment curtail-ment in mhijng operations is almost IpmwJIjoJy, jCjtlt in business and fnamjhtl crcjes of the city. Mining igfdolrig'vory weJlaLtho present time, but" Qioi'e js room for oxpanslon, jind thoro are some fields In great nood of financial support so that .properties rnay be developed, and cortaln "pros-poet" "pros-poet" should bo encouraged. It seams that a ten-striko oould bo made If a direct line of railway communication com-munication could be secured between Salt Lake and the Deep Crook mining district. The section of mining and agricultural territory that wpuld bo reached by such a line protients many profitable opportunities. Such a lino could hardly help but bo profitable. It would be a great feeder into Salt Lake and would bo the moans of opening up one of the best mineralized sections of the stuto; tho establishment establish-ment of a number of mining camps and make mining operations In this district highly profitable. Utah for 1912 ranks fourth in tho production of copper. Sho produced 132,150,052 pounds, which was 1D,-100,103 1D,-100,103 pounds less than In 1911. In tho United Slates and territory of Alaska, which torritory is destined to be a greater copper proTluoor, and where tho rlchost and largest body of copper ox'e known Is found (at the Bonanza Copper mine, Kennocott), 1,243,268,720 pounds were produced In 1912, and Incroase of 140,035,971 pounds over 1911. Alaska, Arizona, California, Colorado, Idaho, Maryland, Michigan, Missouri, Montana, Nevada, Neva-da, Now Mexico, North Carolina, Oregon, Ore-gon, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Virginia, Washington and Wyoming produce copper. Arizona loads, closoly followed fol-lowed by Montana, with Michigan dropping into third pluco and Utah fourth. The Koyle Dream mine Is still a problem. A company was formed to open up the property in the Santa-iuln Santa-iuln district, following a dream by Bishop Koyle. The place to sink for ore was located through one of the bishop's dreams, and In fact most of the work directed along lines droamed by him. To date about ?30,000 has boon spont on the property. A depth of 1,100 foot has beon reachod by a shaft. So far no ore has been found. Yet the stock finds a ready sale In and about Spanish Fork at $L50 per share. It need not occasion surprise to some day wake up and find that a property "dreamod" after this fash-Ion fash-Ion will cause many of the shareholders sharehold-ers to have tome very bad dreams later. Jesso Knight's celebrated dream still holds the record. The new strike at the 1.480 level, In the main working shaft of the Silver Sil-ver King Consolidated, Is quite a feature fea-ture at the Park City camp. It appears ap-pears that tho shaft Is penetrating a largo horizonal or blanket vein carrying car-rying silver-lead carbonates. From 70 cars of muck, CO per cent was high-grade high-grade ore, and tho rost waB a second-grade second-grade product. The shaft Is bolng sunk under aonjract a,ndthe sinking will be continued, so that for the present tho extent and value on this blanket vein will not bo known. An interesting development at tho Prince Con., in the Pioche, Nov., camp, is the finding of an olght-inch streak of galena ore In tho bod of stope No. 1. It is running 1333 oz. in silver and about 10 per cent lead. A lease of the Bulllonville and Dry Valley tailings dumps -has been given C. W. Clupp and associates. Mr. Clapp claims to have a method of handling these tailings that will make tho sav-tngg sav-tngg greater than any method hore-tofoie hore-tofoie tried and make it profitable. |