davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
B0STON'S COMMENT
ON UTAH COPPER

The current market letter Of Hayden.
Stone q Co. Boston. has the following
favorable comment ON the operations of
the Utah Copper company:
The first unit of 5000 tons capacity of
the Utah Copper cOmpanys mill at Gar
field is about re ldy to go into commits
sion. BY the time this is in fun bias
the second unit of the same size should be
ready
Only those who have followed this
proposition closely appreciate the enorm-
Gus scale on which it is laid out The
two completed sections of the mill for
instance, together with the adjoining
buildings, cover a ground space Of TWEEN
~ acres. Each section is made ND Of
twelve units of 500 tons each, any one Of
which could be operated independently.
the two receiving bins have combined
capacity OF $4,000 tons storage. The power
plant will supply both the mill and the
mine at Bingham, to which a transmits
sion line OF seventeen miles is being built
II Will contain twenty water tube boilers
With a total of 1900 horsepower. and the
engine plant five engines. connecting with
generators OF 13.to0-horsepower The
pumping plant is capable of suDpIving
1880 gallons a minute. There are two
storage reservoirs, Of which one holds g.
0O0O10 gallons
Development at the mine has been on
the same generous scale. The property
Is opened by a main tunnel 1900 feet in
length from which radiate lateral tun-
nels. Like the Boston Consolidated the
land will be stripped of its Over-burden
end a good deal of the ore will be mi.ied
by steam shovel The ore reserves are
so tremendous that any computation Of
their volume Is unnecessary. Suffice ii
to say that they could be mined for a
generation without opening up any new
bodies.
Coming down to production, we esti-
mate that handling 5000 tons a day. which
will be the limit for the first six months
the maximum output would be $500. GO
pounds annually. We may assume a cost
of 10 cents a pound, and it should be re-
membered that this is not merely an
estimate, but is based on the operations
at the old mill now increased to 1000 tons
capacity. With this output aud cost the
company coul1 earn from 81 per share
on 15-cent market to 50 on a 21-cent
market.
AT $50 the stock is selling about ten
points below the highest. The starting
of the mill is apt to attract a good deal
OF attention to Utah Copper and Boston
Consolidated. and unless there is a fur
Their liquidation in the general market
we expect to see a good deal of activity
aenCeforth in these Bingham canyon
stocks, which have so far been rather
neglected.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
0'MEARA BROTHERS
BUY OUT PARTNER

According to last Fridays Tonopah Sun
there has been a sort of dissolution of
partnership between the O'Meara's of this
city and Thomas J. Lynch, z combination
which has been operating as the O'Meara-
Lynch syndicate for several years past.
The paper says:
TT is learned upon authority that
Thomas ]. Lynch has disposed of his
interests in the O'Meara-Lynch company
TO NJ. j. and W. p. O'Meara. Mr. Lynch
and Messrs. O'Meara are out of the citv
and none Of the particulars concerning
the transfer of property were learned.
The syndicate is operating the Silver
Peak Ealcalda Mining company, the New
ada Alpine of Lone Mountain and has
other Nevada interests.
This company has been one of the
landmarks of TOnOpah since the leasing
days after the sale to the Brock svndi-
cate of the MiZpah group. The members
of the company have made immense for
tunes and were among the most prosper
Gus of Nevada 1t is stated that Mr.
Lynch made a strong effort to buy out
his partners. but that they We're quite as
anxious to not part with the holdings.
resulting in his accepting their offer of
purchase
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
NEW COMPANY FOR
BULLION DISTRICT

Articles of Incorporation were filed to-
day with the secretary Of state by the
Nevada Phoenix Mining company. The
Capitalization of the company is 10000
shares at a par value of 81, with J0,100
shares in the treasury. The officers of
the company are =. b. Locker president;
john Janney, vice president and George
Rust. secretary. These officers. togeth
er with w. r. McCrea and Lon L. Trout
of Tenabo. New, form the directorate.
The property of the new company is
located in the Bullion mining district
lander county, NeN ada. about one-haif
mile west of the town of Tenabo. The
property is adjacent to the sold quartz
claims upon which such remarkable dis
coveries were recently made and consid-
cradle development work has already
been done. A cross-cut tunnel has been
driven 500 feet and an eight-foot vein en-
countered. This ledge carries thirty
inches of high grade ore on the hanging
wall and about two feet on the foot
wall Where the tunnel strikes the ledge
a drift has been run 100 feet in one di-
rection and twenty feet in the other. All
Of this work is in ore and the same rich
showing appears as in the main drift.
Average assays of the rock show SIG in
gold, IS ounces in silver and a little over
9 per cent copper. making an approximate
value of $50 per ton.
A winZe sunk from the tunnel level
shows a continuation of the ore bodies
and a double compartment shaft is being
sunk A carload OF machinery, consist
ing of 25-horsepOwer gasoline hoist, with
full equipment, was shipped to the prop
erty about two weeks ago, and TWO cars
of lumber ale en- route. 1t is said that
one of the best known mine managers in
Bingham is resigning his position to take
charge of the Nevada-Phoenix
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
THE CACTUS MINE

continued, and so we struck out the
way we did. After going eighty-five
feet we got the ore.
Man Who Made 1t.
This is the man who made the mine.
He hauEts the workings by day and
dreams about them at night Hardene 1
old-timer that he is. he grows enthusi-
astic in exhibiting the riches of the 400
level. He leads the way up one grimy
ladder after another. A network of
square set timbers marks the progress
of the stope toward the surface. For
five floors UP and sixteen sets long,
there is exposed a solid breast of ore,
the glittering pyrites attesting the rich
ness of the vein.
And this is but a patch. Ore running
80 per cent copper clings to the hang
ing wall, and similar stuff : found On
the footwall 225 feet away. Equally
good ore is exposed in the bottom level.
zoo feet below, and rich sulphides are
encountered in the 2GO-foot level far
above. CrOss-cuts and drifts in all di-
rections have failed to define the limits
of the find. The diamond drill, pene-
trating 500 feet below the present work
ings, bring up cores that are laden with
copper.
Can't Measure 1t.
4 can't measure the extent of this
ore body" said Mr.. Moffst acres cf
it is about all ! can say. About all our
work thus far represents development,
and there is enough in sight now 90
keep US going for ten years"
StOlid miners press their steam drills
into the stubborn vein and curse in a
foreign tongue because their progress
is 50 SLOW. They have not been acCUs-
toned to the resistance offered by rock
that is 30 per cent metal
While a large percentage of the ore is
low grade, every piece of rock that
comes out of the mine goes either TO
the smelter or the mill. The mine is
equipped with compressed air. electric
car lines, incandescent lights and tcie-
phones. Intelligent management and
modern equipment have combined with
natures lavish hand to make a wonder
full mine.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
JENNIE MILL IS
DOING FINE WORK
Designed as Thirty-Ton Plant,
1t Easily Handles Forty
Tons a Day.
SOON BE MAKING BULLION
PORTLAND ENGINEER is BOOST
Err FOR PIoCHE.

Manager c. A Short of the Jennie
Gold Mining oompany's properties and
other propositions in the Gold Springs
camp. Iron county, came up from the
south yesterday morning to look after
business matters here. He stated dur
ing the afternoon that the new mill at
the Jennie is working like a veteran,
and that it has already shown it's abil-
ity to handle forty tons of ore a day,
while its capacity was only marked up
at thirty tons by those who supplied
the machinery and equipment. Gold
laden amalgam is being accumulated at
a rate far away and beyond the most
sanguine expectations and, were it not
for the fact that the furnace and re-
torts in which the product of the plates
win be reduced to bullion, have not yet
reached camp, an initial shipment
would have been made by this time.
The delayed furnace is expected within
a few days and by the end of the
month Mr.. Short expects the first bars
of gold bullion viii be melted.
At the Jennie Extension cOmpany's
property, on which operations We're
commenced a short time ago, MIR. Short
states that a shaft has gone down
twelve feet. and that the bottom is all
in ore Of a good grade. A tunnel is
also being driven ard in this there is
ten feet of ore exposed. According to
a survey made, it is the belief at camp
that the ledge i'm which these strikes
have been made is the same one that
has proved so big and rich in the Jen-
nie though the distance between work
ings is all of 5000 feet.
During his stay in town Mr.. Short
or rather the Davis-Short-E Elliott COM
pany. expects 10 launch the Wild Irish
Amethyst proposition in the same
camp, as Mr.. Elliott has just returned
from Los Angeles after having closed
the deal foc these valuable properties.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
ANOTHER BOOSTER
FOR PIOCHE CAMP

Chester L. Proebstel. weU-knowu
mining engineer of Portland passed
through the city. yesterday on his way
back to Portland from Phoebe. Nevada.
where he has been making an inspection
of the properties of the California Phoebe
Consolidated company and incidentally
conditions in the southern camp. The
properties which ne went down 10 ex-
anime are controlled BY wealthy oDerators
of Portland and, while Mr.. ProebsteI was
unwilling TO discuss the contents of the
report which he is to make he smoke
enthusiastically of the camps future and
declared that so impressed had he be-
come with its merits during the short
time at his disposal in which to conduct
an investigation that he proposed to so
shape his affairs at home that he might
return To camp and nail some of the
good Things that he feit sure were OBJ
talnable there.
Phoebe" said Mr.. Proebstei. lis att
tracing great deal of attention at Port
land and my brief roundup of the district
convinces me that no mining region in the,
west has more legitimate claim ia atten
ton than II has. Great mines have been
mace there and many properties are Just
blOssoming into great bonanzas The
geological conditions, SO far as ] WAS able
TO study them. are certainly ideal aud the
opportunities fOr the legitimate invest
ment of capital are numerous right now
! am going back there in a few weeks and
! am gong to make a fortune there The
country has hardly been scratched as vel.
1t is just beginning to get a turning over
and, from the way people are fIOcking
in there, now that the building of the
road from Caliente TO camp has Commence
ed, may be taken as an index of what is
TO follow.
Il have had no experience in Utah ,r
southern Nevada camps, but I brow Butte
and the other camps of Montana; I know
the conditions in Idaho. Oregon and some
portions of British Columbia we'll Rut
Phoebe seems to me to have the edge on
any district / know of in the regions nam
ed and I therefore propose to go back
and get busy with as little delay as pos
sibe''
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
MINING STOCK EXCHANGE.
Nevada Hills Jumps While Tintic
Stocks Make Days Trading Lively.

Nevada Hills. which closed last week
at a little under 81 a share, was started
Yesterday at 81 40 and, while that was tine
high mark of the day, nearly 1900 shares
changed hands and the price never
dropped below S4.35. Uncle Sam of Tintic
was also quite lively at 55c to SOC, while
May Day, which was started off at 25c,
quickly jumped up TO use. Carisa. another
Tintic stock. also participated in the trad
ing and the market generally presented
q better tone than for several days past.
During the two regular and open board
calls total of 90, 220 shares of stock with
a selling value of S67319, changed hands.
Following is the list of final quotations
and record of sales made during the day;
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
Forenoon Sales.

Lower Mammoth, 100 at s195, buyer thir-
ty days.
May Day, $50 at 25lsc; 500 at &c: 800 at
26l2c, seller sixty days; 300 at 27I5c: 500
at 212c, seller sixty days; 1900 at 2Sc.
Nevada Hills. 300 at $40; 100 at s4.37is.
Star Consolidated 1000 at S4l5c
Uncle Sam, Goo at SEC; 800 at SIC. seller
sixty days 200 at Csc
Cyclone, 1000 ats 24c
IngOt. 1909 at 9Iac.
Mount Lake, 100 at &c
New York, 1.ooo at 15lzc; 800 at 15c
Victor. 1000 at sc.
Yankee 900 at 45c; 100 at 44c; zoe at 45c,
buyer sixty days.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
D0INGS OF UNLISTED
STOCKS ON EXCHANGE

Trading in unlisted stocks Yesterday
was confined largely to Bingham Standard
and Copper Glance. The former sold down
from 6Oc to SEC and then crept up to 5Se.
Copper Glance was dealt in at 25c and
2512c. and there was apparently many or
ders to buy at a cent or so under the.
market. Ely Witch sold at 81, Emma
Copper at 40c, Naildriver at 3Sc while
Mason Valley went $1.90 and Newhouse
at $40 and N9.Z
Bingham Central was quoted at 81 80
asked. Ohio Copper at 81. IOffsI.55' Mona N,JS
at $3.50 bid and keystone at a0c asked.
There was too much interest eentering
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
Mines and Mining Stocks

and his associates have been working
on this scheme for more than a year;
it is just as certain they are working
night and day on il now, and il is fair
to presume that the day is not far off
when it will be impossible for them to
longer prevent the full disclosure Of
their plans. No such gigantic under
taking was ever before attempted in
the mining world, unless the attempt of
the Guggenheims to control the lead
and copper output of the world might
be. considered greater.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
ANNUAL MEETING OF
PI0CHE-NEVADA CON,

The annual meeting of the Phoebe
Nevada Consolidated Mining company
was held in this city last evening and the
following board Of directors and Officers
were elected for the ensuing yeaI Frank
L. Gardner president; w. A Wight. sec
rotary and treasurer; Il. NJ Cornish ]
w. Burton, NJ. J. O'Meara and c. d.
ROoklidge.
The plans of the company for the pres
ent season nave not been matured as vet.
and there is suspicion that the sale of
the property or its control is anticipated.
None of the interested parties seen would
acknowledge that anything was brewing.
but straws that have been waited about
recently make it look that way. The
company owns a most valuable group Of
Claims west OF the camp on the big dyke
that made the Raymond and Ely bonanza.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
WONDER AND FAIRVIEW.
Stampede Into These Camps Is Now
On in Earnest.

Reno. New. April 16.-News OF wonder
full silver and gold discoveries in the
Wonder and Fairvicw mining districts.
eighty-fiVe miles southeast of Reno and
siXty-five miles east of Virginia CITY.
continues to reach here by wire and mail.
local interest is intense. The entire state
shows tn effect Minir z men are piling
into Reno from all directions. Judging
from the number of Goldfield. Tonopal
and BullfrOg men that are passing
through Reno On route to Wonder and
Fairview. the pCTmanency of the new
districts is apparently conceded. There
IS rush to get into the new camps that
makes the stampede from TOncpah into
GOldflel1 three years ago. and a year
later from GOl1field TO BullfrOg. pale into
shadows
The present source Of excitement is re-
cent strikes of high grade silver ore at
Wonder on the Colorado. Rich Gulch and
Golden Wonder properties. which a5join
each other in the southwestern part OF
the camp and comprise over $50 acres
of ground. 1t is reported that Il single
ledge, twenty feet wide, penetrates these
three properties for a distance of over
1900 feet which is almost as long as the
COmstOck lode that made multi-miliion-
aires of John Mackey and his associates
at Virginia City forty years ago As
SAYS from picked ore samples from this
ledge are reported TO go as high as 5000
ounces of silver to the ton.
The ore showing on the Spider &
Wasp Nevada Wonder and Jack Pot ana
properties that adioin these three. which
caused the early stampede into Wonder
continue to improve. and over in Far
view the Nevada Hills Eagles Nest.
Eagle. HailstOne. Cedars. Red Rock
Dromedary Hump, st. Paul, Cyclone.
Lenas and Golden BOlder. continue TO
make surprising shOwings in the wav of
ore actually blocked out or in sight
Wonder and Fairview are producing ora
that runs three parts silver to one in
gold, the same proportion that ruled in
the ComstOck. A railroad from Reno TO
Wonder and Fairview is planned and a
railroad company is being organized The
Reno Automobile Transit COMPANY has
Just. been incorporated to furnish auto
transportation until the railroad is built.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17

In the midst of a great desert, the
Cactus mine has given birth to a little
community that is like a glimpse of a
new world.
SpOtless town stands out in bold re-
lief on the broad expanse which slopes
gently from the foot of the mountain.
The Trim buildings are almost garlsh IN
their new paint, and the broad streets
are as smooth as cement flooring.
newborn park, watered from pipe
line which runs across the broad valley.
is a bright patch of green in the world
of gray desert.
Copper is the life blood i'm the pulsat-
ing veins of the camp. The big mill
devouring nearly Loco tons IF ore a day,
is a splendid spectacle, but dwindles
in interest with the approach TO the
magic mine. A steam road, laid in q
horseshoe curve, connects the mill with
the entrance TO the tunnel. Ore cars
drawn by electric locomotives penetrate
the great workings in the deep treasure
vaults OF the mountain.
Swift Going Underground.
A ride through the tunnel is a trip
that stirs the pulse. With roar, the
cars plunge into the mouth of the cav
ern gathering speed as they go On
they rush for over 5000 feet through ut
ter darkness. broken at intervals by in
candescent lights or the weird flicker
Of the trolley. AS the Jets of blue flame
light up the jagged roof of the tunnel
some inkling of the enormous labor in
VOWED I'm building this subterranean
roadway begins to present itself.
The cars stop at the bottom of the
ore chutes i'm the GOO level. This is the
present bottom of the mine. A snort
walk through a timbered passageway
leads to the vertical shaft. There Is (,
steady drip of water from above during
the rapid ascent through inky darkness.
The cage stops at the 400 level, I'm which
the big strike was made.
If we had kept on going in the di-
rection indicated by the experts we
wouldn't have had any more mine than
jaybird." explained Superintendent
MOffat, in telling how he struck the ore
I'VE simply had to do something. he
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
Open Board.

Cyclone. 1000 at PIC.
Columbus Consolidated J. 100 at & %
Little Chief, 1.j0e at l5c
Lower Mammoth 100 at 81 90.
May Day. 1900 at 2Sc.
New York. LEGO at 1412C
Star Consolidated, 800 at 34i5c.
Silver King, 20 at So. -.
South Columbus Con. 300 at $3.50
Uncle Sam, 600 at 5Sc; 700 at sc; 800 at
sc, seller sixty days; 800 at 60c, buyer
sixty days
Shares sold, S0,175; selling value. ST.
So -
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
Open Board.

Beck Tunnel, 200 at s17O.
Grand Central. 500 at $40
Joe Bowers. 500 at &c.
Columbus Con, 100 at S5.15; 10 at s.. 20.
Nevada Hills, $500 at %.35.
South Swansea, go at Sc
South Col. Con. 500 at S1.30: 500 at s. 32l5
Uncle Sam, 1000 at &c, buyer thirty
DAYS. coo at sec.
Shares sold, 25,045; selling value, 49,.
1850.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
Afternoon Sales.

Carisa, so at Coo.
Nevada Hills, 1900 at S4.55; 1000 at s4.S71a.
Beck Tunnel lips at $1.10.
Cyclone. 1000 at 2lzc
Colorado. 200 at 500; 100 at S217J5
Mountain Lake, 100 at 62c
Scottish Chief 800 at Sc
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17

around stocks in the listed class for the
unlisted to get much of a show yesterday,
~ tbere * likely to be heavy trading all
along the line soon
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
HEIHzE PLANS
ARE MATURING
Combining to Capture All Big
Mines in the Park
City District.
SILVER KING ALSO IN PLAY
MILLS AND SHELTERS TO TREAT
ORE FROM MANY CAMPS.

The mighty mining, milling and
smelling combination that is being
gradually rounded into form by F.
Augustus Heinze, James Breen, his
close business associate, the Silver
King crowd and other interests, is TAX
ing on more definite form every day.
1t should not be many weeks, and it is
possible that il viii not be many days
TIL some announcement of q formal
character comes from the east. There
is no longer a shadow o. doubt that the
Heinze crowd is going to control the
mines of Park City. Plans Of the Anal
gamated Silver King Mines company
have been formulated mere. and yester-
day morning President David Keith
and General Manager Thomas Kearns
pulled out for the east to join with the
Heinze-Breen crowd in the promulga-
ton of the new company.
After Entire Park City Camp.
Other significant news comes in an
Indirect way from Boston through one
of the publications there Il is to the
effect that J. z. BambeTger is going to
come west about the first Of the COM
ing month and that, upon his return
east, he will be ready TO say what has
been done with respect 10 the CONSOLE
tdtipli OF merger OF the DaiN-M est, On
tario, DAILY and other propositions. Ref
erence Is made to the fact that the
properties named hold a strong posi-
ton on one side of the mineral zone
while the Silver King combine covers
the other side. 1t then intimates that
closer relations between the two may
he established. From what can be
learned of what is really doing, this
vague statement is not without foun-
datiOn in fact. In reality, il need sur
prise no one to hear that the Heinze-
King crowd has the situation so well
in hand that it can bottle up the whole
camp, so to speak, without difficulty.
Nothing has yet developed to show
what part the Daly-Judge and the
string of properties flanking this com
pany's possessions and those of the
Daly-West, Daily and Ontario on the
south are to play in the game, if any,
but there is a well-grOunded suspicion
that the Daly-Judge is wanted and
that it will be taken if it can be Sc
cured on what may be considered a
right basis. Whether Mr.. Bamberger
will be in a position TO talk when he
comes home is doubtful. If he is. the
deal viii have been fixed before he
reaches here. But the probabilities are
that it will require a longer time than
that to put all of the machinery in
nOtiQu
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
Ore and Bullion.

Ore and bullion settlements in this city
yesterday as reported by Mccormick K
Co, amounted To $4,000. as follows: Sill
yer. lead. gold ana copper ores go 900.
base bullion, $4,000.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
Additional Mining
News on Page 8,
10000 ACRES OF LAND

To Be Thrown Open for Settle emit.
Under the Carey land act and Twin
Falls North Side canal. in the Twin
Falls country. Idaho, Monday, April %.
On same date, lots in the new Miner
townsite will be sold. Take the Oregon
Short Line to Miner. Tickets on sale
April II to q. fifteen days limit Round
trip from salt Lake, $10.55. Proper
tionately low rates from other points.
City Ticket Office, POI Main street.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-04-17
Union Assay Office,

81 6. Hanauer. ]. v. Sadie.
t52 So West Temple P. o. box l4i6