davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
Mines and Mining Stocks
GOLD CHIEF MINE
HAS GREAT LEDGE
Ore as Good as Any in ''Vein''
Is Found in FOOtWaII,
SO-CaIIed.

Recent developments in the mine of
the Gold Chief Mining company, in
the old Chief district, near Phoebe,
make it apparent that the ore body is
many times larger than had been sup
posed. Whet was believed to be flat
vein, eight fifteen feet wide, which
had been followed by an inclined shaft,
appears to be only a rib of quartz
within a great Vel lical vein, several
hundred feet wide.
The first evidence of this was dis
covered when a winze, sunk from the
inclined shaft into the supposed foot
wall, broke into ore as good as any
of that in the sO-called vein. Then
ever holes were sunk through the sew
eral feet Of wash" which covers the
great zone.
The general average of the ore ex-
posed in the Cold Chief mine has been
figured at $40 a ton, but most Of the
ore lately uncovered runs higher than
that Returns from mill tests of the
ore, just made in Portland, show a
saving of 81 per cent of the values by
cyaniding. NJ. c. GOdbe, manager of
the Centennial Phoebe Mining company,
who returned to the city yesterday
from camp, believes that the Gold Chief
has the making of one of the great
cyaniding propositions OF the country.
The company was recently formed
by Lloyd, Cook and associates TO take
over the Chief mines. The company
has been financed for the making Of
extensive improvements, including the
installing of q cyanide plant of 100
tons daily capacity, and that without
drawing upon the cOmpany's treasury
stock, of which it has 400, 600 shares.
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
RICH ORE SHOOT IN
GOOD NEWS SHAFT
Mines of Rosebud District Ship
High Grade Over Western
Pacific.

In a new shaft started a week or
two ago in the Good News property,
near the Sulphur mine, in the north
end Of Rosebud district. Nevada, has
been encountered a shoot of rich sill
yer ore. Eleven sacks of the ore have
been shipped over the Western Pacific
railroad to a Salt Lake smelter. The
ore. which is heavily impregnated with
ruby silver and horn silver, assays,
it is said, better than $1,000 ton.
The ledge from which the ore is
being taken is more than two feet
wide, according to the statement OF H.
q. Reich, manager of the property,
and the high-grade streak. which IS
following the fOOtwal, is eight inches
thick and has every indication OF be-
ing permanent
Employed at the mine at this time
is a force of five men. 1t is the in
tentiOn shortly to increase the force
ana to exploit the property at depth
In the meantime. the ledge is being
followed down, and the ore that is
taken out is sacked for shipment
Adjoining the holdings of the Good
News company is the Durango Girl
property. from which number of ship
ments of high-grade ore have been
made. One shipment of a half ton
of ore made recently by H. G. Kicks,
one of the leasers on the Durango
Girl, brought net returns of $47S.4S.
Several leasers are at work on the
property. and they make occasional
small shipments of ore of that grade.
The last lot sent out by Mr.. Kicks
assayed 1923 ounces in silver and IS
in gold to the ton.
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
GUGGENHEIMS MAY
COMBINE BIG four
Utah Copper, Boston Con-, Me-
vada Con. and Ohio Slated
for Merger.

Latest copper consolidation news
from New York is that the Guggen-
helms are making progress in effect
ing merger, not only of Utah Cop
per and Boston Consolidated, but with
Nevada Cons Olidated and possibly Ohio
Copper in the combine as wei.
The four companies will make a COM
bined yearly output of approximately
1S0,O0O.00O pounds of copper, at a cost
of about cents a pOund-a prOduc-
tiOn which would compare favorably
with that of any combination of prop
critics which could be brought about by
the COle-Ryan people, or even by
Amalgamated.
Should the Guggenheims be able to
effect such a consolidation it would
place them in a commanding position
when it comes to making terms with
the greater copper merger. They could
easily show an earning power in ex-
cess Of that of the Amalgamated com
pany.
D. c. JackIing, general manager of
the Utah Copper company. and r. c.
Gemmeu, general superintendent of that
company's properties, are in New York
presumably to confer with other off
Gals and directors concerning the pro-
posed consolidation,
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
SULPHUR SIDING IS
SCENE OF OIL BOOM
Petroleum Find in Western
Pacific Well Starts New
Excitement.

Genuine oil sand, with considerable
oil accompanied by water. has been en-
cOuntered IN a well which is being
bored by the Western Pacific Railroad
company at Sulphur Siding on the
edge of the Black Rock desert. accord
Ing TO the report from Winnemucca. In
consequence Of this q new oil excite
ment has been started; oil land loca-
tiOns have been made on the deser
for miles around.
The original oil strike was made
about two months ago, il is said, but il
was kept under cover until few days
ago. Men in charge of boring the well
for the railroad company made lOca-
lions near byi prOspeCtOrs who passed
that way suspected that something out
of the ordinary was taking place, and
they, too, filed oil locations. Then the
excitement was soon on.
Fl. c. Reich brought TO Winnemucca
samples of the oil sand. which. as the
story goes, was first entered when the
wei had reached the depth of 300 feet.
- The present depth of the well is about
$50 feet, and the bailer continues to
bring uD staff which has every appear
ance Of being an excellent grade Of
paraffjue OIL
Men who have been at the well say
that the water which is raised is
thlcEl- covered with oil, and there is
said 10 he Unmistakable evidence that
strata OF zEale and sandstone have been
cut I'm boring the we'll
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
DIVIDENDS FAIL
TO RAISE PRICES
Stocks Generally Start Higher
and Lose Gain-Grand
Central WeakenS.

Colorado was in good demand upon the
strength Of its dividend declaration yes
terday, but offerings were also heavy and
the price went from 81 cents to 81 cents.
Grand Central weakened on account OF It's
dividend being less than was anticipated
it having sold from S2.42la to 2Sz12. iron
Blossom sold from 76 cents to Is cents
and Sioux Consolidated went from 43 cents
to Al cents Victoria was offered at Slto
with S1.60 bid
The net result of the dividend announce
ments was accordingly, a net loss, so
far as immediate effect upon the mar
ket price of the stocks is concerned. IN
the cases Of Colorado, Iron Blossom and
Sioux Consolidated, the disbursements
had been Over-anticipated.
Silver King Coalition sold down to S9.771s
on account of a rumOr that the extra dlVl-
dend usually declared by that company at
the close Of the year viii be omitted when
the directors Of the company meet on the
18th inst.
There was some new activity in South
Columbus at "a cents to s centsi Column
bus Consolidated was steady at $l4I12 TO
Sl.5219, Uncle Sam was quiet at 49 cents
to 1872 cents, Utah Consolidated was
stronger at 4% cents to So cents.
Total number of shares sold, 74,SSO;
value S30-4S.5G. Closing quotations and
the days sales:
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
ORE IN BOSTON ELY
IS PROVEN Higher

The body of suiDhide ore in the bottom
Of the Boston Ely shaft which was, eX-
pected to contain small copper values. has
been found TO carry approximately II per
cent copper. This is a distinct surprise,
for il was believed that enrichment would
not occur until water level was reached;
what appeared to be copper in the ore was
believed until assays were taken, to be
iron. The ore is known TO carry some
gold and silver values. as we'll as cop
per. but at last account no test had beer
made for the precious metal contents
The ore was encountered at the depth
of 1000 feet, and at seven feet further
depth the bottom of the shaft was en-
tirely I'm ore, with every indication that
the body is a large one. The high values
garded as assuring that the Boston Ely
is to be a rich mine; that the ore Of the
district in the lime formation is high
grade. thus Offsetting the lower cost Of
production by the mines Of the porphyry
belt.
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
CONSOLIDATED LEASE
MAKES GOOD MILL RUN

With an Indifferent saving of values,
the test run of Consolidated lease ore
recently made in the Preston hunting
ton mill at Seven TrOughs showed re-
turns of SIS a ton. With a mill de-
signed to treat the ore there is believed
to be no question that the lease could
enter upon a long period of profitable
production.
Already opened in the lease, between
an uDrafse and a winze from the tun-
mel is ore OF the estimated value of
$40 900 and there is no question that
development would expose large ad-
ditiOnal tonnage,
Work of developing a spring on the
property. which it is believed can be
made to afford a supply ample for mill
requirements, is now under way
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
TINTlC STANDARD TO
FOLLOW ESCAPING GAS

After disappointing delay occasiOned by
the strong flow of gas in the bottom Of
its shaft. the Tintic Standard company
has completed the work of cutting a sta
ton at the 700-fOOt level A cage was
due to arrive on the ground yesterday,
and as soon as that is installed drifting
will be started both north and south. The
gas escapes strong from between creViCes
in the quartz, particularly on the south
side of the shaft The quartz bears every
evidence Of being connected with ore, and
it is believed that when the source of the
gas is found a body of ore viii be dis
closed.
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
COPPER STOCKS ARE LESS
November Statement Shows Decrease
of 5oe,oss Pounds.

New York, Dec. 1O.-The monthly report
Of the Copper Producers association for
November shows a decrease in stocks on
hand of 506,099 pounds. The report, issued
today, follows.
Copper on hand December amounted to
i53 GOSSIP pounds; a decrease Of sos, 099
pounds as compared with November l.
Production during November was 121,-
elS,369 pounds; a decrease Of $500 $40
pounds, a. compared with October.
Deliveries of domestic and for export
In November were 10 124 46S pounds. o.
this amount 66 S57 s73 pounds were domes-
tic. an increase Of 49S 256 as compared WITH
October, and S. COS pounds were for
export. a decrease from October Of 994 643
mounds.
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
Mining Notes.

The Sioux and Iron Blossom mines, in
Tintic district, were both closed down yes
terday on account Of frozen water pipes.
They are expected to be running today
as usual.
Grant Snyder, manager of the Cliff
mine, who returned to the city yesterday
from Ophir, reports that COmpany's de
veIOpment work being pushed with the
usual good results.
John Dern went TO Logan yesterday on
a business mission.
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
TREASURE HILL SELLS
LOWER; CLOSES STRONG

Ifintah Treasure Hill sold down to So
cents yesterday, but at the afternoon ses-
sion it was slightly stronger, with lee
shares changing hands at 9 cents. Sales
of other unlisted stocks: Bingham Central
Standard, 900 at SEC; Mcdonald Ely, 200fat
So cents; Federal Ely, 800 at is cents.
Closing quotations:
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
Forenoon Sales.

Bullock. 5000 at nc.
Colorado. 400 at Sc; 800 at sc, seller ten
days: 900 at SEC; 800 at sec, seller ten days;
COO at SIC.
Columbus. 200 at s1.52h
Grand Central. 200 at 81 20: 800 at 81 42l5.
InyO Gold. LOCO at &c.
Iron Blossom. 100 at 76C, buyer ten days
700 at 75c: l. 40 at 74C.
Mason Valley. 200 at $1s5; 100 at s1.971k.
Nav Day. $50 at 19c
Prince, 100 at 81
Sioux Con. LOO at 43c: I 900 at 42c. seller
thirty DAYS: L. zoo at 421zc: 5000 at 42c
South Columbus. 1900 at TIC; 1900 at Sc
Uncle sam, 100 at 49c.
Utah Con-. 100 at 4&c.
Yerington Copper, 600 at 41ac.
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
IRON DYKE MINE IN
LEWISOHNS' HANDS
Salt Lake Copper Company En-
tiers Seven DeVilS-Will
Build SmeIter.

That the Salt Lake Copper company,
which recently turned its Tecoma copper
mine over to leasers, has purchased large
control Of the famous Iron Dyke prop
critics, in Seven Devils district and that
the Lewisohns who own the Salt Lake
Copper, are arranging to build smelter
at some point on the Snake river con-
venient for receiving ore from the mines
Of that region, is the report which comes
from Baker City, ore.
The LeWisohns, It is said, have closed
a long term contract with The Seven Dew
ifs Copper company, 10 treat the ores
from the Arkansas mine, and that they
have even further interest in that prop
erty IS indicated by w. b. FISHER, man
ager of the Salt Lake Copper company,
having been made a director and consult
ing engineer Of the Seven Devils Copper
company.
Following the closing Of the deal Mr.
Fisher left Baker City for Homestead
where he has assumed charge Of the Iron
Dyke mine and is looking after the plat
ting of the town Of Homestead ana the
building of houses.
Mr.. Fishers activity is taken to mean
that the Iron Dyke deal is practically
completed and that the LeWisohns nave
assumed charge of that great mine, al
though 1t is understood in mining circles
that the deal viii not be entirely cOnsum-
mated until the first OF the year az ms
sale, It is said, calls for M,OJ0JJ Tor q
four-fifths interest in the property anG
the expenditure Of 10000 in develop
ments.
Assures Ore for Shelter.
With the Lewisohns in control Of the
Iron Dyke, owning the IrOnsides, which
they purchased for fluxes; Iessees. Of the
MCDOugal group and controlling the OUT
put of the ArkansaW, there seems to be
no question that they have secured a
guarantee Of the 800 tons Of ore daily
necessary to warrant building the smelt-
err 1t is expected within a year to build
the smelter and that it will be ready for
operation Just as soon as the Ok Bow
people are ready to furnish power. AT
the same time there will be built an cleo
trio railway, together with aerial trans
for feeders, running from Landore to the
smelter site on the Snake river
After the deal with the Salt Lake Cop
per company was completed the Seven
Devils Copper company completed the
purchase of the ArkansaW and other
properties which IL had under bond, from
the Idaho Copper company, or Wmch
John F. Steele was president.
As the result Of these deals, Manager
Fred n. Smith of the ArkansaW prop
erty viii put on a force Of twenty-five
men at once for the development Of the
property on an extensive scale.
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
Afternoon Sales.

Colorado 700 at sec; 100 at sc, seller
sixty days: 1900 at SIC, seller ten days; 100
at Soc; 200 at Soc, buyer ten days; 100 at
S3c 1000 at SAC, seller sixty days: 400 at
SIC. seller thirty days.
Columbus, 500 at $50.
Crown Point 1000 al 4l6c.
East Tintic Development, 1000 at nc;
10000 at &c.
Grand Central 200 at s2S5; 100 at S2.35,
seller sixty days; 800 al S2.321a, seller sixty
days, 800 at $3.50, seller sixty days; 600 at
s232j5
Grutli, loo at SIC.
Indian Queen, go at PIC.
Iron Blossom, 5000 at 7Sc; 1000 at 73c,
seller ten days.
Joe Bowers, 1000 at nc.
Silver King, 200 at S3.77lk
Sioux Con. 900 at 4155c; 1000 at 4lc,
seller sixty days.
Tintic Central 1000 at 5stc
Uncle Sam, 600 at 4slsc
Utah Con. $500 at Be; 1000 at SIC; 1000
at 5isc
Yerington Copper. 200 at 4lzc.
Open Board.
Colorado. 700 at sc; 100 at Sc seller
thirty days.
Columbus, $50 at sl5o; 200 at 81. 525k.
Iron Blossom, 100 at 73c.
Provo. 1000 at 63ic.
Red Warrior, 200 at $40
Sioux Con, 500 at 41i5c 200 at 4le.
Tintic Central 800 at SIC.
Shares sold. A. 010.
Selling value, S1775450.
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
Open Board.

Black Jack, 800 at Sc
Colorado, 600 at SIC; 200 at SO.
Columbus, 800 at $50; 100 at S1471k
Grand Central. 100 at s2371a, seller thirty
days.
Iron Blossom, 100 at 74c; so at 75c; % at
zoe
Western Nevada, 200 at 90c.
YeringtOn Copper. 500 at 4jzc.
Grand Central, 100 at $40, seller sixty
DAYS.
Shares sold $3.50.
Selling value, s13094.
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11

= Shelter settlements yesterday. 4
= reported by Mccormick q Co: I
Ores. $50 coo: bullion. 100000.
Silver was quoted at SIC, con- I
= per, 13c. lead $40.
%&<<*%~&44**4%*4tx$444434
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
Open Board.
ore at Samplers.

Ore receipts yesterday, reported by
the Utah Ore Sanpiing company: Utah
ten carloads: Nevada. two carloads
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
BOSTON AND NEW YORK
COPPER SHARE MARKETS

James A. Pollock q Co, bankers and
brokers, 6 West Second South street, fur
nish the following, received over their
private wire,
Rnstrn Hnnrer Ranna
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
Removal sale.

Big reductions in wall paper and
framed pictures before moving to. our
elegant new store.
GEO. w EBERT & CO. 81 Main st.
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
San Francisco Quotations.

James A. Pollock & Co., bankers and
brokers, 6 East Second South street, fur
nish the following, received over their
private wire:
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
1iRoyaI8 stale Bread nepot.

Open to o. m. daily. Entrance on
Third South. Coco bread very cheap.
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
FIVE TINTICS WILL
DISDURSE PROFITS
More Than 100000 viii Be
Paid in Dividends Around
Christmas.

Colorado. s cents a share, or $4,000,
payable December pa books to close
December is.
Iron Blossom, 8 cents a share, or s7s,-
200, payable December 20; books TO
close December is.
Grand Central, cents a share or
100000, payable December 49, books 70
close December IL.
Sioux Consolidated, cents share,
or $22,3S0, payable December 20; books
to close December IL.
Victoria, cents a share, or $4,000,
payable December 49, books TO close
December II.
These dividend announcements, call
ing for distribution in the aggregate
OF S2O6.580 during December by i've
Tintic mining companies, were made at
meetings of directors OF the various
companies held yesterday in Provo.
Colorado and Iron Blossom, 1t is gem
orally believed, viii be paying rather
more than conditions Of their treas
uries and mines warrant; a point nav
ing been strained, perhaps, IN consid-
Grafton of the needs of stockholders
in closing up end of-the-year business.
Neither company will accordingly be
expected to pay a dividend IN jan
Uary, with the probability that Colo
radios disbursement Will be perma-
nently reduced and that Iron Blossom
will not in the future pay to exceed
4 cents a month.
Conserve Cash Surplus.
With no official announcement upon
the subject the impression had gone
abroad that Grand Central on account
of having collected the major portion
of its $4,000 judgment against the
Mammoth Mining company would post
a Christmas dividend of 10 cents a
share. 1t was also believed that Vic
tOria would resume paying dividends at
the old rate of 4 cents a share, with
9 cents the minimum fOreCasted. But
companies indicates that they favor
conserving d large cash surplus. TO
provide for possible contingencies, and
that the decision was that they should
start paying at a rate that they were
assured of being able to maintain.
Sioux Consolidated is expected 70
continue paying dividends for some
months to come with the rate left
open,
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
Boston Mining Stocks.

SAMUEL R. NEIL & CO.,
STOCK BROKERS,
525 Newhouse. Bell $500: Res. il35-Y
A For Sale ad. is a salesman
not an assistant to the junk man.
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11

Finding it without the help Of
the Want ads. takes too long!
The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-11
New York listed Stocks.
New York Curb RANGE.

Sales. Open. High. Low. Close.
Utah Cop. .... u,100 592l SOS 59l4 607s
Tenn. COP. o.. 200 80 80 SO 80
The Ketchikan miner., 1909-03-06
News From kasaan

Mr. Henry Holdon is doing very we'll with his good work among the people of Kasaan. He attended tine choir practice on Thursday night, Wednesday. Christian Endevor Society, Prayer meeting, Friday night Len ten service. on Sunday morning Ser vice at II o'clock, afternoon Sunday School and singing service at 3 clock. Evening services and prayer meeting at ' o'clock.
 Last Tuesday night bright bahy boy was born here in Kasaan to Mir. and Mrs. Holdon. Both of the family are very happy.
 Most of the hunters are going out trapping. One came in with minks for each day. and another hunter came back with } mink day. He caught one steel trap.
 Our teachter Mir. Swaman went out hunting ducks and while out he saw some bear tracks and they scared him home.
 T he fishermen are busy now catch ing halibut. One boat came home loaded with fish. The fish are getting plentiful here now. We expect to have good season.
The Ketchikan miner., 1909-03-06
FORFEITURE NOTICE.

Ketchikan, Alaska, Feb 9th 1909.
 To R. Req, A. L. Hammond, and E. A. Baldwin,
 You are hereby notified that I have expended during the year 1908, two hundred dollars in labor and improve ments upon the Portland and Seattle lode mining claims situated at the head of Mineral Lake. Prince of Wales claims the original location certiti- cates are found of record in Vol. of Mines at page l3 in the office of the recorder of the Ketchikan mining dis trict at Ketchikan, Alaska, in order to hold said claims under the pro- visions of section 2324 of the Revised Statutes of the Gnited States, and amendment thereto approved January p, 1880, concerning annual labor upon mining claims, being the amount required to hold said lodeS for the per iod ending the 31st day of December 1908. And if within ninety days after the publication of this notice you fail or refuse to contribute your proportion of such expenditure as co.owners, your interests in said claims will be- come the property of the subscriber, your co-owner who has made the re- quired expenditure by the terms of said section. J. A. Westlake.