I 12
I The Market and The Mines
H If there is anything-inKhat? old' gag about his-
H tory repeating itself, a man , with a few times 4
H cents can get into a fat speculation ut a mini-
H mum cost. This Jlne of thought is suggested
H by an item in one ol the daily papers to the effect
H .that the shaft of the New York Bonanza mine at
H Park City is to be put down to the thousand foot
H level. A glance at the market quotations in -the
H same paper shows that New York is selling at 4
H cents a share. It is just possible that there is a
connection between the company's intention to
H Sink its shaft- and the 4-cenfe-quotation. The stock-
H holders who jumped at that 4 cents a share may
B have been off in a corner with stub pencils recall-
H ing the number of assessments levied in sinking
H vthe first 700 feet and figuring on the new ones
M necessary to go a thousand. Such knights of the
H frigid foot forget the -number of times in the
H course of that 700 feet that New York Bonanza
M stock was butting its liead against the dollar
H sign. They forget the days when New York was
H the darling of the plunging proletariat of P""1 ml
M the enfant terrible of the Salt Lake ex ge:
H It is down at the heels now, but if histoj -mid
M repeat itself well, 4 cents Is pretty cheap for a
B Park City stock.
H The Park City journalists and correspondents
M cling to the tradition that the output of the camp
M given in pounds is much more awe inspiring than
M when given in carloads. There may be something
M In their theory, but they lack the courage of
M their convictions else they would reduce the week-
M ly shipments to ounces and inspire additional awe.
m Reallyit might be poorpolicy to give the produc-
i tion by carloads as Eureka does, but Park might
m compromise by announcing its output in tons.
H iv O fc5
B After seeing the specimens that have been ex-
M hibited in Salt Lake this week from the Sunday
M mine one finds it easy to believe that American
M Fork is a solid silver fork none of your plated
, goods. One of the specimens is as big as a foot-
M ball and a ton of it would contain between 4000
M and 5000 ounces of silver. The tunnel from whose
M face it was taken is scarcely twenty feet in the
M -hill. The Sunday property itself Is a near neigh-
M bor of the Miller, American Fork's pioneer pro-
M ducer. Those who have inspected the Interior
M of the Sunday tunnel see no reason why it should
M not become a shipper of high grade ore at once
M and that is exactly what its owners intend to
m make it. American Fork mining district is fast
B outgrowing its reputation of being a "pockety"
H camp of irregular and uncertain values. Its ill
M fame in this respect has held it back for a decade
M and it is only recently that development has shown
the charge to be unjust and unfounded. The for
mation seemed erratie simply because it was not
understood. With a reasonable amount of explor
ation it will become as plain as print.
5 ,t t
The dinner pail and the fullness thereof will
not long trouble stockholders in the Bingham
Central-Standard if the latest strike In its Gold
Reef claim stands pat. In the matter of metals
it should satisfy all tastes for it includes gold,
silver, lead and copper, and in the matter of
dimensions it was big to start with and is growing
bigger every day. The vein in which the ore is
found looks so much like that in which the Bing-ham-New
Haven, across the gulch, gets its ton
aage of lead that no one would be surprised if the
one should prove to be a continuation of the other.
In any event the Central-Standard is so near Easy
street that it has to dodge the chug-chug chariots.
j ,
Few enterprises have elicted more comment or
are being watched with closer attention than that
experimental smelter that Samuel Newhouse
is erecting at Garfield. The air is full of
rumors as to the place where similar plants
will be erected. Nevertheless it is safer
than any election bet to wager that there will be
nothing doing in the way of new smelters till the
trial plant at Garfield has been thoroughly tested
and has proved its efficiency.
V? t?
The good news for which Columbus and South
Columbus stockholders have waited so long is now
trickling in from 'Altar The first has cut into a
body of carbonate ore on the 400 level, 1300 feet
west of the shaft and most of the carbonate is of
the sort the smelters grab at. The finding of car
bonate ore on the fourth level of the Columbus was
more or less of a surprise to all concerned, for the
remainder of the drift has passed through nothing
but sulphides and water. At the South Columbus
the big doing3 are in the lower tunnel where a
body of silver, copper and lead has been crosscut
for more than twenty feet and is still innocent of
a second wall. The shoot is full of seams that will
pay well for shipping. The rock in the. winze be
low the Quincy tunnel is also turning out to be
good smelting stuff. A quarter of it is lead and
it easily carries 25 ounces of silver. All these
cheering developments are timely, for a year of
disappointments and discouragements have made
Columbus and South Columbus shareholders dis
tinctly pessimistic.
6 j dH
At the eleventh hour the mortal combat be
tween the Moscow Bonanza and the Burning Mos
cow companies in Beaver county was averted.
Before it was too late the leaders on either side
gave a moment of dispassionate thought to what
they were about to do and they staggered back
appalled at such a crime against humanity. Not
for anything not even for five thousand dollars
would they press their bitter, bitter suit in court,
decided the Moscow Bonanza officials. The Burn
ing Moscow agreed that the cleaners' would: be
a better place than the court to press suits. So
they got together and decided to submit all their
differences to an impartial survey.
& & dt
Ophir, like American Fork, is in a-fair way to W
become one of Utah's active mining oamps. For( tTi' yi
the last year reports from that section "have been
all to the good and more recent happenings in the
domain of the Lion Hill Consolidated company
have been still better. Quite unexpectedly the
long tunnel driven to afford an outlet for the ore
in the old Northern Light workings, broke into
a wonderfully rich silver deposit about 1200 feet
from the mouth of the bore. The pay vein runs
from 700 to 4000 ounces silver, 20 per cent lead
and $2 gold. It has been followed for GO feet down
an incline from the tunnel. The resurrection of
old camps is important in demonstrating that
good mines are seldom exhausted. They may
have to be worked Qut, but every advance in
mining and treatment methods gives them a new
lease of life.
O fcv
The announcement of the final dividend fiom
the -Engineer's Lease, 'bringing the total profits
to the shareholders up to njnety-six cents a share,
and making the achievement a record-breaker for
short-time leases in Nevada, has caused no little
comment among mining men. The Engineer's J
Lease was oh a block of ground less than fifty
feet long, and in the brief time that Taylor, Price
and Niven have operated the property, the gross
output has been over a million dollars. The post
ing of the last dividend of $180,000, in addition
to the $300,000 previously paid, ought to make the
few -young men who have controlled the lease
fairly comfortable for a month or two, and their
friends are rejoicing with them in their good for
tune, for they are all comparatively young men,
well liked by everyone. The famous Hayes-Mo-nette
lease on the Mohawk, and possibly the
Frances-Mohawk, exceeded the Engineer's Lease
in earnings, but these former leases were for a
longer period, included more ground, and. all
things considered it may be safely stated that th'e
Engineer's Lease is the greatest thing ever oper
ated in Goldfield.
I THE MASTER fLau
M When the symptoms of appendicitis had de-
H clared themselves for the third time, Dr. Quercy,
H the celebrated surgeon, decided to perform the
B operation upon his wife himself. To assist him
H and administer the chloroform, he called in hi3
H favorite pupil and friend, Paul Grondel.
H She lay there, stretched out on the long nickel
H -table, a white cloth drawn over her, exquisite un-
H der the strong light that came from above. She
H was sleeping, very quiet and very pale, on those
H sheets that might yet be wound like a shroud
H about iher fair body, which seemed to shrink
H from the cold, cruel searching of the steel knives.
H Without a tremor the surgeon examined his In-
H struments, each In its place, dumb servants await-
B ing the call of the master.
B Grondel had his finger on the patient's
H pulse, but his eyes wei ) turned to the place
H where, invisible, death was knockirfg at the door
H of life. He closed his eyes and turned deathly
H -paler -
Suddenly, from that still face which looked as
if it were carved in Carrara marble, there came a
voice, as if from afar.
"Paul, I am not suffering ... It seems to
me that I am wandering about immense blue
plains ... I hear bells ringing ... I am
so happy . . . Yet how can I be happy with
out you? . . . Why are you not here with
me? . . . This is the happiness you promised
me . . . that we both yearned for ... .
You kno . . . how I love you 1
knew nothing of love until I met you. He, he
was so cold, so serious . . . frozen, you called
it. I did not know that I had any feeling . . .
I was just like a good little girl. Now I hate him,
I hate him . . . and I belong to you, you
know . . . only to you. I did not want to be
in tilio same room with him ... I told him
so. . . . He did not seem to mind. I don't
know tL it made' him suffer. . . I would
have b . io - . . h'appy."
The words were lost in a sob. Grondel 'saw a $
hand upon the smooth, white skin, moving swift
ly;) there was a gleam of steel and then a long
red line. The- surgeon had made the first incis
ion. His face was an intellectual mask, cold, im
penetrable, intent only upon the work at hand.
Without looking up, he said quietly: "Is the
pulse normal, Paul?"
"Yes, master' Grondel answered firmly.
The surgeon continued his work-with the me
chanical precision of a machine. The forceps
clicked as he laid them down on themetal 'table
He rolled plugs of antiseptic cotton slowly, me
thodically. $
Grondel's eyes followed the nervous rise and
fall of the breast, and not another drop of the
anaesthetic fell upon that death-like mask from
which now issued only inarticulate sounds. He
was thinking only of his ruined happiness, of his
professional career which had now probably come
to- an- end; of- this- fair body -now -spottedwith-