The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-06-11
NEW Y0RK'S NEW
MINING QUARTERS
Specimens of Ore From the Ne
vada Fields Are on EX-
hibitiOn.
RICH ROCK FROM
FAIRVIEW AST0NISHES ALL
New Exchange Occupies Build
ing at 40 Broad Street
in Metropolis.
Special to Tho Tribune.

Special to Tho Tribune.
NEW YORK, June 1o.-Without any at
tempt to mark the occasion with anS
celebration, the brokers of the Wall
Street Mining and Stock Exchange took
possession OF their new trading quarters
this week ut 40 Broad street The new
quarters arc located on tho first floor
above the spot where the curb brokers
daily make their quotations. thus put
ting them in close touch with the specu-
lative element on the curb.
Specimens From Nevada.
Goldheld Mining Exchange, exhibited a
number of ore specimens from the various
southern Nevada districts on the floor or
the local exchange. There ore run
ming from several hundred dollars a ton
up to $1,000 Another interesting speci-
men was that from the new camp OF
FairNiew OF sllver-gold ore, which should
approximate 5000, to the ton. From the
Goldheld Florence was a rock thickly
spangled with gold. Specimens from the
Jumbo and Reilly lease OF tho Florence
Lathrap had several bottles OF gold dust
which he had panned at Manhattan and
from tho Esmeralda placer property at
Tule canyon, west of Goldfleld
Lloyd Russell. Jr.. who has been ex-
hibitng tho rich rock recently found on
the Antelope Round Mountain company s
property ut Round MOUNTAIN New, NlS-
lied the exchange with his big specimen.
The rock which weighs about sixty
pounds, represents surface from twelve
TO eight inches wide and is literally plas-
brought around to the big cities to show
what is being done in Nevada.
Big Strike at Alkali Springs.
Alkai Springs. eighteen miles northwest
OF Goldfield, have nearly depopulated the
latter town 1t appears from authentic
information that there is another Tono-
pah at Goldnold's very door, for the ore
is OF silver and gold, runs high, appears
In good strong ledges and covers large
district The first discoveries were made
two weeks ago Since, however. other
finds have been made within q radius OF
several miles, The district lies on a d.
rect line between Silver Peak and Gold
& Tonopah railrond. Assays on samples
went SSs ounces Of silver and three ounces
of gold. A towhsite has been laid out and
named Phlllipsburg. after @, III. and G.,
erers.
]. P. Lotus, one of the most success
ful operators of Nevada, has returned
from Fnirview and expresses himself Us
a thorough believer in the new camp.
Mr.. Lotus said;
Construction to Be Pushed.
1.-The branch OF tho Clark road, known
as the Las Vegas & Tonopah, which Ia
now being completed into the Bullfrog
district, Is to be at once pushed on for
100 miles further through Golddeld to
Tonopah. Senator Clarks brother ].
Ross Clark, who is president of the Las
Vegas & Tonopah has made the an
nounccment that he has received instruc-
tions from the Senator 10 proceed at once
with the final surveys and construction
between Bulfrog and Tonopah"
Foreign Copper Shipments.
o For the first ten months OF the fiscal
year to end juno 80. the exports OF cop
per from the United States showed a de-
crease from the corresponding period a
year ago OF 104. .173 pounds as compared
with an increase in imports OF approx
mately 100000 pounds over last year
Netherlands, nominally the largest Gus
toner for American copper. took 5000 900
pounds less during April than In the pre-
vious month. while the amount sent 10
CHINA was halved. Germany, on the other
hand. took 100000 pounds more than in
March.
Early in November Is tho date set for
the blowing In OF the Oaxaca, Mexico,
smelter, the operation OF which is ex-
pected, II not to revolutlonize the min
ing industry in lower Mexico, at least to
impart q decided impetus to 1t and TO be
the beginning of an era which will be
characterized by a revolution in mineral
Industries of that part OF the republic
The rapidity with which the work Is now
reported to be going on warrants the ex-
pectation of 1t being finished by the date
appointed,