| Show I F MINES AND p MINING STOCK SPIRIT EAST Activity in Copper E Stocks in New York and Boston s By Badger Bros Private Wire ew York April 4 AL At the close the theof of trading was the tho largest for formo mo time with prices around the tho high the present movement There was ivy vy selling shortly after the open open- but stocks were well taken anti ami amies antiCs es Cs made but little impression on ce Smellers wan a notably fearo fea- fea ro 0 heavy buying of this stock on re- re rt t published that the management S not expect that the ud bring bring- Milt nIt to dissolve the tho comand corn com wp and also niso that if a suit were nothing morr mort than o a severance relations between American SmeltS Smelt Smelt- S company ami Smelters unties company Led Copper after opening sold up tip to There has bas been beeny y good buying going on In copper sone time and much lighter prices predicted for this stock t tho close the market showed a material advance with sentiment re C bullish than for some orne time E. K F. F Co I few York April 4 Tho Tho New York market opened strong and active ty i. i The coppers were firm and so until the close The oils pg S and there was quite a little buying busing reported I he steady but without feature Jim tier was the feature of the lower lowered ed issues advancing to 1 and beI he- he lIn strong demand right up UI to the tho I nj n. n The market as a rule was strong lie close cloe and the thc general opinion ns is to be for higher prices Fay aston ston April 4 Coppers Coppers opened firm firm volume of considerably eased and market broad Among iw r b best sellers wo we would mention up tip over a point Granby ati a V ti Calumet Arizona East Butte Lake Copper Others showed fractal frac frac- I tal al gains and strong undertones I le e market was active into the early noon moon Much comment Is heard as ase 16 e copper metal report to o be pub pub- el ci early the coming week with pre pre- uns running from to O.- O. DOO 00 wh to We look for copper res Os to make further good advances Ithe late afternoon the market was Jer er active hut but prices shaded frac- frac illy Ily in fl time the last half hour Co ic i-ic OUTPUT CARS FOR THE WEEK 1111 to ilie Herald reIca i April i 1 Shipments of ore x week from the district saw y a round score in tim tho list with 5 of the mines pretty well up to toK K 4 average production fib Tho total to carloads This is ap- ap 3 tons of an estimated tion of This is Just more than shown in the total for previous week Yankee ancl Uncle Sam are not in the S both had ore on hand hanu for market Bad roads at theof the tho of the mountain prevented these joining the tho list this week Individual shippers during the as follows 4 1 CarsI g. g Eureka r t ICon Con M May ay Day S. S hi 2 fe- fe Blue Bell 16 I Mammoth J lull Hill lease 1 oth 11 Kat Tin l ev 3 I 1 C. C P. P Old GId lease se 1 I S Si Beck G Ci Total 19 0 HILL TO TOBE BE MINED DEEPLY S 9 hort time ago a company of San Isco anti and Seattle men took over Libby er-LIbby lease on n tho Uio property Charleston Hill Gold Mining ny at National and have made to wo work k the lease on an Ire Ive scale says the WInnemucca State 45 Munro of Seattle and 12 1 P. P h of San Francisco have been in the past several days super super- lag Ing the unloading of what Is Isly Isly ly the best mining plant ever i ito to to National It consists of a horsepower Morse Fairbanks en on- on air compressor hoist and a of accessories The will be started for National and upon Its arrival will bo be led when work will be corn coni- d. d I. I The Tho first thing to bo ho done dona donathe donee e the sinking of the foot 1 completed by LIbby to toh h Ii of SOO feet i Charleston Hill property properly is one best pieces of ground at Nation Nation- d with ample capital for develop develop- work should make a mino the theof of the great National National- IE E. E IMPROVEMENT t CAUSED THE STIR mg up un ot 01 snares Extension awakened some sonio L Jos nn to the cause It has been beenS S ted ed for some somo time that thero were bunches of ore ive into the conditions are said to bo ho hat improved just now v. Some ils Is improvement caused certain to pick Up tho stock S. S QUINCY IPSON-QUINCY TO fREACH CONTACT MAY 1 official of r lay vester that lie he did riot not look ly particular until tile the therom rom Din the reaches That ho said ald should bo ho about WILL ILL BUY ou tali State Slate National rational Copper Bank Balik Jail Switch 15 LU 1 States Tel Tel nI S lores cres Ilex Mex Rubber WILL SELLI SELL I tah Suar 5 tali Fire Firo Clay Metal Tic 30 au Marble Con 22 ilos Mining 05 Plaster OS 08 S nd Coal Coke lo confirmation Iger Bros Brokers astern Stocks S Milling Stocks v tl and Grain pato ate Wires to all markets SPRING LAKE ADIT 1 II B Bunches of Lead Showing Here and in the Syndicate Tunnel Tunneling on the Spring Spring- SpringLake Lake Mining company property a mile or so north of the tho Union Chief In the Nebo Santaquin district has attained a point 1 1150 feet from the portal according to Braxton manager of the mine who was In Salt Lakes yesterday accompanied by 13 H. H Bullock manager of tho thu Syndicate Syndicate Syndi Syndi- cate Mining company the adjoining p property roi cr Mr ir says the face of the tunnel tim tun nd nel Is now about 50 feet vertically from the thc surface The work is still in inthe inthe the limestone For the tho last three weeks bunches of lead have been coming corn com lug ing In pretty regularly In fact the drift which Is now trending toward the southeast Is in a heavily mineralized con country a t We Wc now have everything In the tho face faco that makes into lead said Mr Barnett Darnett The objective point of our work is the tho south north fissure which outcrops through the property in the lime This is s six to eight feet wide on the surface with both walls lime We WC have a good heavy spar and Iron In the tho face now anti ami the appearances lead us to believe that the vein Is not far ahead Mr Bullock reports that the main tunnel on the thc Syndicate Is now in about feet A little lead similar to that of the tho Spring Lake Is coming coining In hero On Saturday last the final shot broke through on the other side and it Is supposed that some big bug holes or nr a cave have havo been encountered For some Borne time the formation limestone has been growing softer which indicates indi cates that time the main fissure is near at hand Bullock and Darnett report that tile the Nebo Santaquin-Nebo district In general i is in excellent condition this spring and a lively season of development development develop develop- ment is anticipated for tho timo year 1913 ORE ON INDIAN CREEK IN HUMBOLDT COUNTY 12 B. M. M Stowe and F. F B. B re returned returned re- re turned last evening from Indian creek in the humboldt range where they put in lq ten days at and amid around the tho Moon Moomi- light group of eighteen claims which I Is owned l by L L. F. F Dunn and amil is under bond to A. A W. W Stowe says the Winnemucca V Winne- Star towe and Landess Landess Lan Lan- dess camped at time the Moonlight and made madea a thorough examination of the surface showings of this group Not only this but they visited several surrounding nearby proportion They state that the showing on omi time the is on one of the best the timer thoy have ever seen and say the big hig ore shoot which is exposed on oil time the surface for feet is a main inam- treasure storehouse A crosscut t feet long will vill open OPeil up ill a tonnage of shipping ore oro sufficient to keep a force of men employed for months ex extracting cx- cx it IL U. U S. S SMELTING PROFITS IN 1911 12 The seventh annual report of the tho United States Smelting Refining Alining shows profits for the 1912 operation of compared with in the previous year Tho consolidated earning statement compares as follows 1912 1911 Earn all com p. p of cost of prod sell etc but bet depreciation S Depreciation Profit for year Additional reserve Dividends 2 S Surplus 5 ALTA CON HAS NEW BODY OF RICH ORE S Fourteen Inches of high grade ore has been opened in a new place in tIme Alta Consolidated was vas the word Supt A. A O. O Jacobson received yesterday from Alta This is In Xo No 4 raise at a point about feet west of Xo No 2 raise It S Sis is feet above time tho main level at a point where a drift has been sent out feet showing allowing a full face of ore oro An assay made of the ore yesterday showed 90 ounces silver 53 per cent copper and 10 per cent lead CENTRAL NEVADA DISTRICTS AND NEW ROAD The corps of Southern Pacific surveyors sur sur- a party of twenty five or thirty men are now in the tho vicinity of ci i. S Just below town toi cays time the Austin Rev cub They are surveying a line limme from Argenta east of Battle Mountain southerly to connect with the Owens Lake road through to Los os Angeles S From a point a few miles south of Ledlie Led Lcd lie lio it is understood the surveyors will cross over to Smith Creek valley arid and go down lone lono valley valloy This route s 's known to bo lie over the tho niest grades graies be oe- oe tween the main lino Jimmo and tha desired connection ut at Mina or em Liming besides being tile thu shortest LITTLE CURB STIR THE SPELL I a eL us Day as a Whole Is Rather Featureless Featureless Fea Fea- but Issues Are AreS S Weaker Nothing s on the local mining exchange ex e. change which ventured even eren close dome to tho feature fea f. lure ture line except cicet n a little stir In Columbus Extension Ex tension on curb The Tho sales generally which were within extremely narrow limits displayed a a. tendency Iron BIo som did well to hold Its Thursday pain gain fur for Tunnel cold soki In iii time the afternoon a af 8 cents Chief disposed of n a block ot at st 31 cents a ft new low point for that is Ss sue BUC at C cen cents Columbus Colors Colum bus Exton ion disposed of shares In iii a rather spectacular ono one of lt Its charac Sales for tho totaled iS 43 shares val valued i nt at 2 Official closing quotations yesterday yes jes- were as follows II Afternoon I Bid 1111 I Bid I Ak Bc Tunnel 1 O 07 OS 03 OS ii hug Bing Amal 01 M CG 04 Ot iliad Jack 10 12 15 10 12 Talisman 0 01 01 i 01 Colorado Mining 13 14 13 14 Columbus Con Cou 0 ra 16 03 30 Con Mercur 06 00 Crown Point 03 C 03 01 DaIs Daly ico 10 Ialy 10 67 75 co CCO CP 20 40 Eastern Prince 02 Oli r r. r Cm Crim Point E. E Tin Fin Con 0 OO 0 I. I K Tin TIE O l 0 0 N 02 S Gold Chain ss is 40 34 SO Grand Central 73 SO S 75 82 52 Indian Queen 00 02 Iron Blossom 1 14 Iron litin King 10 10 io Joo Jo Bowers OS 07 Keystone 10 11 it Kins William 0 04 3 Lead Kins Ilir 03 03 05 Lehl Lehi 01 oo Lion Hill 03 Little hell Itell 02 02 33 35 Lower Mammoth 03 05 03 03 03 e 0 13 00 OC 11 Mammoth 10 10 Mason SC CO soo CCO soo S. S Mi May Day ly 12 12 12 12 Mineral 1 01 it 02 01 02 Moscow 10 10 37 Nevada Novada huh New York os Ohio titie Copper Coper j 33 so 50 55 05 wu I 05 i Pioche Demijohn 01 tf i hc o 00 00 01 1 Idaho 1 0 S 'S w 06 t PC M's Ms Prince Con Cn 62 1 Gl 61 CO t 64 MM t 01 Cr Pt 14 04 03 6 Sll sil King Kins Pen on 55 I lU 76 3 1 it So Pacific tia 30 Sliver Shield I. I 13 SIou Con j OS 0 04 So Iron 3 j Swansea C n. n I 01 i Cli 01 Central 01 01 rintie 01 01 United Limited Vu Undo Sim 10 10 j 10 Utah O n 01 01 OPI 01 i Union Chief 01 03 i 1 03 Victor Con 01 out OC 03 06 0 Victoria Con 53 CO 31 53 1 54 4 07 07 Yankee Con 10 20 Cop 01 1 10 SALES May Day at Ic Chief at at SUc OPEN Cr Talisman dar 2000 at Ic Th 20 nt at se 20 at Shares M wild ld Selling value l SALES i iBeck Beck Tunnel Tumid W Its at So 1 Crown Point 2300 at SUe Iron Bl 5 nt at May Day 1300 1500 at Pioche Demijohn COO at Ic 1 OPEN S l Beck Tunnel Funnel 20 sit itt Sc I Iron 73 75 at Union chief ICO 14 at Sc Shares f ld Selling value l UNLISTED STOCKS I ou oil the curb to barci the tho day on n curb hi in weeks i sold 1000 thares at 33 35 cents Dragon at 35 antI 30 cents Columbus Extension Ex E. tension nt at 3 i G anti anil U SU cents Alta Con Con- told nt at 29 amid ami cents t New Nw Yerington GOO 50 nt at 8 cents The rue closing curb quotations for or the day were an as follows I Bid At 30 35 home him 4 Ails 31 IRico Veil 32 Dragon Utah Mleh 36 15 I Ness Ness- Ope 0 05 4 t ORE AND 4 i 1 t Smelter settlement settlement-S yesterday s i reported by Co Ores received bullion shipped Sliver Silver was quoted at riSe cop cop- sputter spoiler 4 Pu Pur flU W MW Vi i 1 New Nert York lead 43 i f GOLD Vast Population Consuming Fraction of Dollar Ab Absorbs Absorbs Ab- Ab sorbs It All While discussing at the Commercial club yesterday the tho phase of the tho present pres ent monetary situation wherein It i 3 said that millions of gold pour Into India and China every month only to tobe be lost to time the called so-called civilized cf world orld forever a visitor ii in san Salt Lake Iak who is acquainted with Il India re remarked re- re marked Your statistics show that from 30 sO to in iii gold Is passed over ovel- into India every year Most of ot this is bar gold Now stop for a moment mo urn- ment and recall the fact that India ha haa a population of or o- ov over three times that of time the United States with Its less than people Indian women and the tho men too tao are aro about as fond of metallic as Americans Now gay ay for instance every person in India would purchase or 01 put into some somo gewgaw as little as 25 cents Sonic Some will use deal more and some perhaps Ics but it is a conservative estimation to give 25 3 cents a head as the tho consumption of gold grold golda a year Figure it out for for- yourself yourself- that will amount of a total of a year That is from to more than thai the present anneal annual an an- neal nual Imports of gold old Here in iii America you are supposed to have a great deal of gold probably 10 to 23 25 per capita But outside of mint at Denver and some of theother the theother other government depositories how much gold can you OU point your finger to Do you know where there Is any considerable amount Tho rho numerous basics banks have some of course but most moat of their reserves are aro in silver aliver and paper pa pa- per money or other paper bonds and notes Here your dentists every year consume ten tons of gold That amounts to to That is lost to tho world of trade It Js 19 either carried in peoples people's mouths or laid away In time the grave TIme The to me is that the world still holds to the antiquated position that we should confine ourselves to a so precious a commodity as gold as a mere macro medium of exchange What toll what a sacrifice of Jives each year to obtain tIme the annual supply of this yellow yel yel- low metal It is so scarce so precious that If it it WC authoritatively announced an aim- that there here was gold at th the north pole it would require no flO more moir Parrys or inside of ninety days the polo 1010 would be Le a populous camp with the hardy prospector and mining engineer as tho P pioneers a a city of with n i few enterprising laying laying- plans 10 to build a a. railroad railroad rail rail- road establish a line of with story forty In view NEW BOSTON YORK COPPER MARKETS 3 Bros brokers S. S Main furnish the f received yesterday their wire S Ii I 1 I CI S A i Commercial 1215 5 4 t 1560 11 le l 1510 e c 65 ss' ss C hief Consolidated C opper 16 45 46 D aly ais Daly 20 Eagle c S S nL 1105 13 12 13 40 6 ss 63 3 k S 1935 U S y 3 is is S S L ake Copper Is S Majestic 1200 6 45 46 7 7 75 N NN evada 2 2 N orth Iak i 1 1 Irth 1070 1 o so zoo s si s-s s I O ld si ta 0 5 5 O 95 95 93 S 85 i S 2 States 42 42 9 STOCKS S fl ob SO Douglas r 2111 3 SI 55 I C actus IL m C Cou Arix 24 23 CC CC C 3 UI 7 12 C hin 1261 South Lake 7 7 2 Verde i ij j mi i 1 Utah C S 13 S 10 I l ls Utah to ss i lujetIc 43 Lm S LI 1 Ci S 3 2 2 lay Central poo 47 4 47 p I nh Sit S 7 7 11 25 is ms C. C 1 ii it t I.-t Ih s' s ji 01 30 pi Javis 39 ceo 2 2 2 Jim Cutler Butler 1 ti 0 p Maton Valley |
