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Show ImiNIWG NEWS DALY COMPANY NOT TO RESUME WORK. It was stated on excellent authority on Monday that the report of the Dalj company resuming work next month wa6 exaggerated In that It was not true As far as known, Colonel Wall and associates have not formulated formu-lated their campaign of development effort at this Park City property, but It is a matter that doubtless will jo taken up upon tho colonel's return from the easL GOLD CIRCLE CAMP WILL HAVE A BOOM. James Qulnn, well known mining man of Utah and Nevada, ha3 written to S. M. Levy that Gold Circle Is to experience n genuine boom during the summer or fall at the latest, and that all conditions aro growing more Ideal dally. To has had tho privilege of visiting the Eastern Star property, which he pronounces In first-class shapo. The Esmeralda property owners own-ers should have their new mill :n readiness for operation within ninety days. PRINCE CON. GOLD SPIKE IS PREPARED. Carefully guarded by several special policemen, the gold railroad spike which will be tho last driven in tho Prince Consolidated railroad line at Ploche next woek was exhibited yesterday yes-terday to local circles, the cusltody of same being given to R. K. Cobb, heuco tho special policemen. There will bo an excursion of mining men and well wishers of tho Ploche camp leaving by special train on June 28, the visitors visit-ors to spend Beveral days viewing the mines of thut wonderful old section nuitu ID UUUUl IU bvU ill iui; nwiiii another bundle of millions in gold, silver, copper and lead ores. ALTA CON. HAS ORE ALONG THE CONTACT. General Managor Tony Jacobson of tho AJta Consolidated company on Monday received word from tho mine that raise No. 1 had broken into tho contact and that there were six feet of first-class shipping ore exposed which is available immediately for the market Also that raise No. 2, which Is 100 feet to the west of No 1, at a point 14G feet abovo tho tunnel tun-nel lovel, shows fourteen Inches of sulphide oro of first-class shipping grade, whllo alongside of this oro arc three -fcot of solid carbonates of a very high grade charactor. Those new faces will now be felt In tho shipping record of the company, and other faces aro to bo added as the management man-agement keeps Bproadlng out its development de-velopment offorL There has been a considerable amount of Interest centorcd upon what tho Alta Consolidated would find along the contact. Tho fissure In tho tunnel had been followed for over 300 feet, showing splendid oro all the way, and while this oro helped fill the treasury and was good to have during the period of extensive dead work, tho officials hao patiently said to stockholders all along that the best results wore due when the contact was found Results so far havo been entirely up to expectation; ore Is there, It Is rich rock, and tho geological geolog-ical conditions aro right for greater stcmes forming in the one bearing limestone formation. The company Is making a fine record rec-ord of ore shipments, two more cars naw being in the process of sale on the market. LONDON ON MONDAY THROWS COPPER FIT A small cloud in the shapo of a London reduction In the price of cop-por cop-por appeared for tho first time to disturb tho serene red metal horizon on Monday, and the result was somewhat some-what of a disturbance In tho American Ameri-can security marketp. For a while this action taken by London was not understood, un-derstood, but ono New York authority received a cablo from one of the best known European copper authorities to tho effect that tho break In price came from rumors that there was more unseen metal In existence than had beon appreciated, and the fear was expressed that this invisible metal might bo cast upon the boom market by speculators. The decrease in price, therefore, wns more of a precautionary precaution-ary move than anything else. The fortnightly reports of tbo London Lon-don trade, and tho monthly reports of tho American Copper Producers' association, asso-ciation, are statistics only of the visible vis-ible copper of Europe and the United States, respectively. The Invisible metal always has been an unknown quantity and represents tho amount of metal secreted by speculators Tho invisible supply frequently bobs up as a disturbing market entity, but as a matter of fact it has beon more emphasized em-phasized on 8UspIciou than seen dur ing tho past few years, to do oi ais-turbing ais-turbing actual dimensions, this unseen copper would of necessity be of enormous enor-mous quantity Involving extreme difficulty diffi-culty in the first place In its concealment conceal-ment and a considerable expense In Its concealment. There have been such frights before and thero will be many liko them in the future, but tho majority of copper cop-per authorities do not bollove that thoro Is enough of the motal concealed to havo any permanent harmful ef-foct ef-foct upon tho red motal market were it Is doled out at a 17 1-2-cent metal market. The advance In copper since the end of 1911 Is due to tho Increasing Increas-ing consumption and decreasing visible vis-ible world's stocks of tho motal, an unusual Increase In demand and no material increase In production. Western students of the situation believe, thorefore, that the London markot will adjust itself by tho mere weight of circumstances, and that no permanent effects will bo exporienced from these occasional near-panics due to seeing thingB at night. |