davidaulloa/AmericanStories huggingface dataset:
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
MINING, BUSINESS AND STOCKS.
APEX DEVELOPES
LARGE ORE BODY
The Property Promises 10 be
Big Thing.

The Utah Apex property at Bingham
promises to be one of the big things
of the camp from now on according
to reports that are coming in from the
company's property. The now mill.
that is the practically new mill. is giv
ing good satisfaction and has been
grinding out concentrates for some
time. The mill was recently rcmodeled
and its capacity more than doubled.
Relative to the recent developments at
the property George l. Walker in his
weekly letter says;
THE Utah Apox has developed what
promises TO prove q very large body of
lead-silver ore In its Parvenu tunnel at
a point 1850 feet on the dip below
the outcrop OF its Parncll vein. Recent
adviccs state that the whole face of
the tunnel. seven by nine feet. is in
ore which runs from 10 per cent to 20
percent lead, three ounces OF silver.
about 20 pounds of copper and 65 cents
gold to the ton. This development Will
be especially important II 1t proves to
be the continuation of the Parnell orc
body and goes up to the surface as
we'll as down to still greater depth.
THE Parnell vein OF lead ore de-
yoloped in the fourth level OF the mine,
some 1,2Q0 feet above the Parnell tun-
mel has now been opened for a total
distance of 1000 feet. 1t varies from
FIVE to 20 feet wide and carries an
average of Is per cent lead and the
usual copper and silver values II IL
maintains this average length width
and richness from the fourth level
down to the Parvenue tunnel II con-
tains according to the estimate of
leading Utah Apex Interest. 100000
tons OF ore for which the company
-
ton from the custom smetcrs, md
net profit of S25,000,000 to $50. .00o0 900.
Whether or not 1t Is the same ore body
will nc determined by development.
"The Phoenix mill. which is at the
mouth of the Parvenuc tunnel, has
been reconstructed by the Utah Apex
company at cost of about $4,000. 1t
is now treating 40 tons of low grade
ores daily, concentrating three tons into
one, and making 40 tons OF concen-
tratcs. having an average gross value
OF about s25 per ton. The mill has a
capacity OF 200 tons daily. and as re-
suit of the new discovery in the Par
venu tunnel II win soon be treating
that amount of ore. At present about
20 tons of first class ore is being ship
ped daily, averaging about SIS to $50
per ton, When second class ore enough
to run the mill to full capacity Is mined.
the production OF first class Will In
crease to about 40 tons daily,
"The management feels that Utah
Apex has turned the corner and that
from now on II Will show steadily In
creaslng net earnings. A new smclt-
Ing contract has been made recently
which Is decided Improvement over
the old one. The copper ore deposit
from which Utah Apex made consider
able shipments two or three years ago,
is not being mined at present, but after
there Is an advance in the price of the
metal II will be opened up at greater
depth and will add to the company's
shipments and earnings"
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
GOVERNMENT AID FOR
ALASKA RAILROADS WANTED

Washington. Jan ga scheme for 4
government guaranty for a through
railroad project from tidewater TO the
interior of Alaska, In which the Gug-
genheim interests figure. looms buck Of
a display OF near-arctIc grain anI
vegetabl that stocked the room OF the
house committee on territories today.
Tho Guggenhclm mining interests
have copper properties in the Copper
river section and until recently 1t had
been claimed that they wanted no guar
anty. Now movement has been given
new life looking to general legislation
TO guarantee the interest on the bonds
of railroads built In Alaska after a
certain amount of construction work
has been completed Its advocates claim
that capital cannot be induced into tho
territory without government co-opcra-
ton. The matter has not yet como be-
foro the committee.
The railroad project with its proposed
connections contemplates a tidewatcr
outlet at Cordova, east OF Valdez. the
eastern terminus to be at Fairbanks,
not far from the arctic circle. and rhe
exhibit on the territories committees
table ls intended to show what that
section can produce and promise in the
wuy OF agricultural railroad traffic.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
LATE LOCALS.

Joy in the House of Buxton-The
home of Rev. Albert Buxton, formerly
pastor of the Central Christian church
in this city and now at Newton. kans..
has been visited by the stork; IL Is
girl
Some Work and No Pay-John X.
Hardy, secretary OF Gov. William
Spry, was appointed Wednesday by
the Juvenile court commission to act
as secretary without compensation.
Mr.. Hardy succeeds NJ. A. Breeden,
who resigned.
Bankers TO Feast-The Salt Lake
chapter of the American Institute OF
banking will hold banquet this eve
ming at s 30 o'clock at the Commercial
club There will be Il musical program
including piano selections from Prof.
Mcclellan, violin selections from Will
lard Weihe and c. j. Nettleton, and
vocal numbers from a. j. EisSelburg.
baritone
Back From Sad MissioD-Mrs. r.
B. Carter returned last night over
the d. &c r G.. railroad from Denver
where she was summoned by telegram
on Dec. %, last, to come to the dehth-
bed OF her sister Mrs. Winnie Jones
Fleming. When she left hore she knew
that her sister had met with an ac-
cident. but not the precise nature OF
II. on her arrival In Denver she learn
ed that her sister had already passed
away As stated before In Tho News
Mrs. Fleming was the victim OF
street car accident. She was struck
at a street crossing not being warned
of the approach of tho car. Mrs. Car
ter saws such accidents. some fatal'
are very common In Denver as re-
suit of reckless driving of street cars
Twentieth Ward Institutc-The Mu-
tual Improvement IL associations OF thl
Twentieth ward are arranging to hold
n reunion of the members of the old
Twentieth ward institute on Tuesday
evening, Jan. 20. In the ward amuse-
ment hall. The program for the occa-
sion will be furnished by some OF the
early officers and members of the In
stitute. This society was organized en-
Ian. 20, 1873. and was one or the nrst
and foremost predecessors OF the NJ l.
A. organizations of the present day. All
persons who at any time were members
of the institute are invited TO be pres
ent on this occasion.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
TRADING CONTINUES GOOD.
Considerable Activity Shown on the
Local Stock Exchange.

Trading continued good on the local
exchange today although stocks were
down. In the majority OF cases the
prices were lower than on yesterday.
The feature of the market today was
Mason Valley which developed consid-
cradle strength. a little over two weeks
ago this stock was selling around ".
but today II commanded the new high
price of s2.121s and 81.
The total number of shares disposed
of this morning was $40. and ths
amount paid out for the stocks was
$1s.077.45.
The bear raid on Columbus Consoli-
dated this morning continued and tho
stock opened at 81 20. 1t continued to
move up and at the close was show
ing some strength at $l.21H Prince
Consolidated developed good degree
of activity. although tho price was low
ranging around 81 and 90 cents. Tintic
Central during the past. few, days has
appeared strong and considerable sell-
ing was noted this morning. The stock
was sold in lunches from S1s cents to
cents Ten thousand shares wcre
disposed of at the latter price.
Colorado was off today Is was Sioux.
The latter sold at 30 and 81 cents. New
York also went down from 10 cents At
the opening to l3 cents at the close,
Several stocks were offered on the
curb market but no sales were made
TODAY's QUOTATIONS.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
TWO CARS OF HORSES
LOST NEAR CAL|ENTE
South Dakota Men Sustain Heavy
Losses In Washout-I'ltlablc Case
or Agents Wife.

NJ II. Helmerc of South Dakota and
partner passed through Salt Lake To-
day. having had experiences In the
washouts down near Callente that they
do not care to repeat, They had two
carloads OF horses on a freight train.
The train was turned over In ono OF tho
washes west of Elgin and every horse
In the two cars lost. so they arc return
Ing home minus stock and cash.
They say the tracks are almost COM
plotcly gone for distance OF IL miles
between Caliente and Barclay Then
west of Barclay II is reported that over
30 miles more of the track is gone,
making a total distance of nearly so
miles OF washed out tracks the rip
raped track was carried away for
miles upon miles. Passengers who left
Los Angeles on Dec. 81. have neen
marooned on the desert at various
points in Nevada, some of whom are
Just reaching Salt Lake Some OF the
men have walked as far as 40 miles
In order to catch train at the salt
Lake end of the line near Barclay and
get through. The wagon roads between
points arc all gone. One ncwsboy and
n passenger started across the hills
from Eccles at 10 a. m. reaching Bar
clay last night. Many have walked
from (dllente TO BdrCluyt Il ulstdiiSS VI
% miles. One party OF passengers Sc
cured two convcyanceS at Acoma and
went up into the hills, and Will come
through another valley, In round
about way. thus being able to escape
the washed region and catch salt
Lake train at Barclay
One OF the saddest features OF the
catastrophe is the experience OF the
wife of the railroad agent at ElgIn in
Rainbow canyon At the time of the
flood she was In A delicate condition.
The track being washed out shc could
be taken no wherc for treatment, and
to make things SO much worse. the
floods actually washed away tho sta
ton The agent and his wife we're
compelled to flee to the hills. Hers a
dugout was hurricdly constructed and
a little later their child was born.
Those who have been over tho
grounds gay II will be perhaps Il month
or more before the trains can possibly
be running again through Meadow VAL
ley wash
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
ROCK ISLAND
AGAIN FACTOR

New York, Jan. 6.-Therc were slight
traces of irrcgularlty in the movement
OF opening prices OF stocks today but
the predominant tendency was upward
Dealings were active and we'll dlstrib-
uted Anaconda rose 2 Southern Pacific
and Consolidated Gas and Union Pa
cifc. Atchlson. Wabash, Reading and
Amaigamoted Copper large fractions. y
block of 400 shares OF Rock Island sold
at an advance of 4. Intcrborough-
Metropolitan preferred declined y.
The market became reactionary ~hen
the heavy selling Of Rock Island was
resumed. Rock Island sagged is to
463s and the preferred also lost point.
Pacific, Chesapeake * Ohio. and United
States Steel caused brisk rally all
around but Rock Islands eccentric
fluctuations kept the tone unsettled. Big
Southern Pacific and Frisco nrst pre-
fcrred u, the second preferred.
New York Central and United
States Steel = At IL o'clock Rock Island
was run up TO AS. and the whole mar
kct rallied.
Prices advanced more steadily when
Rock Island became quiet. Colorado Il
Southern rose 3. Amalgamated Copper
17s. International Pump IL, Union Pa
ellie. Missouri Pacinc and United
States Steel 1Ss and Pennsylvania, Della
D ware & Hudson, Kansas & Texas Toxins
& Pacific, ST. Louls-Southwestcrn,
American Smelling and International
Harvester /
Bonds were firm.
There WAS little Interest In the market
and fluctuations were unimportant until
st. Paul was forced down over n point
from It's highest point when the whole
list yielded slightly. There was somo
realizing In Union Pacific. Amalgamated
Copper and United States Steel. Utah
Copper rose IL and National Lead l.
Trading became Irregular in the after
noon. After the effect of the St Paul
selling wore OF the list hardened but
the higher levels brought out moro
stocks and the advance stopped. United
States Express rose 4. international
Pump "a. General Electric - and Dem
yer & Rio Grande ].
The market closed unsettled and IT.
regular Prices ran OF sharply. Rock
Island going to near the lowest and In
dependent gains being about wiped out.
American Agricultural Chemical de-
clincd l and Erie second preferred III
Vulcan DEFINING preferred rose az,
Pullman IA and Railway Steel Spring /.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
ENORMOUS EARNINGS
OF CALUMET & HECLA
Great Copper Producing Company
Paid Stockholders S27 OH Each
Share During Past Year.

With the payment OF the dividend
OF SIS per share last week Calumet
C Hccla returned to Its sharchod-
crs for the calendar year 1909. s27
per share. ngainst earnings OF $50
per share. says the Ishpcming Rec
ord. The mineral output for the
year Will be equal to S0,00O.O00
pounds OF refined copper, but as the
company Is curtailing Its ingot output
by II per cent only sc Per cent OF
this mineral Is being smelted. Tho re-
fined copper output therefore should
be 60,00O,0OO pounds. Tho mineral
output represents an equivalent In
refined copper OF so. o.316,056 pounds.
This compares with an output of ST.
1895 pounds for the fiscal year
ending April 80. 1905
Calumet & Hecla's cost last year
may be estimated at 81 cents per
pound; the average price of Lake cop
per will not be far from 1852 cents,
but the average selling price OF
Calumet G Hecla Will be slightly
above this or say 1866 cents, yielding
n profit per pound of refined copper
of $40 cents. equal on 69,OOO,OOU
pounds to S3.726.000.
FIXED CHARGE.
For the tlrSt tlmc III us hlStpiS'
Calumet & Hecla has q fixed charge
In the shape OF interest on SS,5l9,000
OF notes which were issued to acquire
The various Bigelow stocks. These
2otes are about equally divided be-
Swoen and per cents. and the
annual interest charge amounts TO
S2S4,61O As an Offset to this riXed
charge. however, Calumet 6 Hecla
has received in dividends this year
from Osceoln-the only one of the ac-
quired stocks paying divldends-SS
Icr share on 2S,1S1 shares and S4 on
1900 shares. total of $223.S4S. The
dihcrence is explained by the fact
that the 5000 shares acquired from
the Blgcow interests this spring ala
not carry IN Calumet & Heola the
dividend paid Feb l. 1909. The 49,
ISL shares were in Calumet & Heclas
possession long previous to this dlvi-
dcnd payment
In considering the earnings of Calu-
met & Hecla, 1t must not be forgot
ten that shareholders have an equity
in the unsmelted mineral which has
been produced this year. on the H.
100000 pounds OF refined copper re-
presented by the unsmclted mineral. IT
is fair To figure minimum profit OF
50 cents per pound-on the assump-
ton that this copper is not likely to
he sold at less than IA cents-or
$6S2,50O
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
LIVE STOCK.
CHICAGO.

Chicago. Jan, 6.-Cattle-Receipts, estl-
mated at 1000: market strong. shade
higher. Beeves. 450@S0o; Texas steers.
i.1oG5.20; western steers. i.3a63O;
stockcrs and feeders. g. Isl a $50; cows and
helfers. 2. 25a6.65; calves, 7.5ea9.5o.
Hogs-Recelpts. estimated at O.000:
market Sc. higher. Light, S.3oUS.6o; mix
cd, S.30QS,75. heavy, S.+09S.So; rough.
s so; pigs. 7.5O@S.5O; bulk of sales, S.35g
Sheep-Receipts. estimated at 120o.
market strong. 10c. higher. Native. S.sj0l
6.15; western. 4.oo@6.&; yearlings. e.eGd
$40; lambs native. 6.25aS.i0: western.
6.2j9S.s5.
South Omaha, Neb.. jan. Seattle
Receipts. 3.Gco: market steady to strong.
Native steers. 500@IJ0; cows and hclf-
Gamers, 2.5o@J.oo; stockcrs and feeders,
2.I5@5.3S calves, 3,5o9e.75; bulls, stays,
etc. 2.75@i.oo.
Hog%Receipts. 500; market strong
S.45GS.55: light. s.ioas.5o; bulk of sales,
S.d5nS IS
Sheep-Receipts, 700: market steady
and active Yearlings. e.75@7.50: weth-
crs. 6.4oa6.l0; ewes. 4.so@6.co, lambs. I.6O
KANSAS CITY.
Kansas city, Jnp. 6-Cattle-Recepts.
6O00; market steady. Native steers, 100
al 20; cows and heIfers. 2.0@6.00; stock
crs and feeders. 3.+0@5.e6: bulls. $3.50
4.co@6.50; western cows. 3.o0d4. 10
Hogs-Reccipts. 5000; market SC. high
or Bulk of sales. S.25@S.55; heavy, $50
@S.60; packers and butchers, s.4OaS So;
shcep-Reeelpts, 5.ooo market strong.
Muttons, i.7516.oo. lambs, 7.ooaS 50; fed
western wothers and yenrlings 5.Go6D7 %;
fed western ewes, f.51a5.50
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
NO DANGER OF BIG -FOUR
OPERATORS STRIKING

Cincinnati. o., Jan. 5.-All danger OF
n strike of the telegraph operators on
the Big Four railroad was effectually
ended today when the committee OF the
Order of Railway Telegraphcrs and the
road officials of the company agreed to
submit the entire controversy TO arbi-
tration.
1t WAS learned that the Order OF Rail
way Conductors and the Brotherhood
of Railway Trainmen. through General
Chairmcn Hardesty and Reed OF the two
organizations. are here formulating
list of grievances to be presented to all
railroads entering Cincinnati.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
BANK OF ENGLAND
REDUCES DISCOUNT

London. Jan. e.-Thc directors of
the Bank of England at the regular
weekly meeting today reduced the
minimum rate OF discount from ~ to
per cent
TINS action was generally antioipat-
cd and was due principally to the more
plentiful money supply as we'll as
the 1act that the open market dis
count rate wSs more than l per cent
below the banks minimum rate of4 u
per cent
The market hardly anticipated a
further reduction In The bank rate be-
fore April In view OF tho prospective
new Issues and the continued inquiry
for gold for French and Indian ac-
count.
The efiect OF tho lower rate on the
stock exchange was speedily dis
counted by the announcement OF the
early issue or now Indian " per cent
loan amounting to $37.600.000, which
will be offered at e6h The Indian
stock and other giltedged securities
cased off and consols dropped to SEX
decline of * cent, but recovered part
OF the loss later.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
CONCENTRATES.

After some opposition the spccia,
meeting of the English stockholders oC
the Boston Consolidated at London
yesterday ratified the agreement Of
consolidation with the Utah Copper
company
Manager w J. Merritt OF tho Red
Warrior mine was In the city yesterday
He declares that the company Is max.
ing good progress In sinking the shaft
to get under the ore body found on the
$50 foot level. He declares that by the
last OF the month the shaft will reach
the 450 foot level, The company s
now shipping three cars of ore week
Reports from Tintic say that copper
stains are being found In the quartz
encountered by the Tintic STANDARD In
the drift on the 700 foot level. The
drift has now gone about 100 feet from
the shaft and II Is probable that an ore
body will be found shortly. This is
the first indication OF copper found
In the district and goes to show tho
similarity of the East Tintlc and TIN
tic districts.
At an average price Of l2}A cents a
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
SENATOR PERKINS FALLS
ON ICY SIDEWALK

Washington. jan. Ex-senator Perkins
OF California slipped on tho icy side
walk this morning In front of HIS hotel
and II is believed severely injured his
spine. He was carried TO his apartments
where he was given prompt medical at
tontion.
Senator Perkins had left his place OF
residence shortly after s o'clock and was
proceeding cautiously along the Ice glaz-
ed surface OF the sidewalk when he
fell. He struck the ground with terrI0c
force and lay for several seconds In a
daZed condition
Passersby went to his aid and he was
carried to his apartments Dr. G. Lloyo
@agruder was summoned and declared
inc patient had suffered a severe wrench
of the spine In addition TO noinful
bruises about tho body. Senator Perkins
has not enjoyed tho best of health for
some time and the peculiar nature of
physician did not feel justified In stating
how soon he would recover
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
FENCE LINE THE BOUNDARY.

An old fence line established 10 years
ago fixed the boundary and title to
1886 acres of land according to lu
opinion handed down this morning IN
the case OF John Rydalch against e.
Leroy Anderson. administrator of The
estate of Charles l., Anderson. affirm
Ing the Judgment rendered by Judse NJ
J. Ritchie In favor OF Anderson. Ti'
suit was brought to determine adver'
title to the land which is situated
Tooele county. Anderson showed ihn
the fence lines had existed for 40 yea
and that he had been In possession
the land for q number OF years.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
COURT NEWS
ROSE BY ANoTHER NAME.

Mrs. Mary Rose seeks divorce from
her husband, John w. Rose. In a conf
plalnt filed this morning In the Third
district court, and obtained n restrain
ing order prohibiting him from with
drawing his money from the Deseret
National bank whore he has 1t deposit
ed under the name of w. ]. Reicks.
He deposited the money under an alias
the complaint says, so that she would
know nothing about his affairs. Sho
charges him with failure to provide.
They wero married on January %.
1905. Since April s. 1909, she alleges
that he has refused 10 support her and
that she has been compelled to work
for her own living. She asks to be
restored TO her maiden name and
awarded suitable alimony.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-06
PRODUCE.
CHICAGO.

Chicago Jan. 6-GraIns advanced
slightly In the early trading here to-
day, corn and oats prices showing great
or strength than wheat while provisions
responsive 10 the strong live hog mar
ket. showed a consistent advance.
Foreign cables telling of an advance
In Liverpool wheat prices induced buy
Ing here today and wcrc held RESPONSE
BILE In part for an upward tilt for wheat
prices In the initial trades May at the
outset was unchanged to 9s higher than
yesterdays nnal figures at 1.13z to
May fell off 10 1.13h.
Transportation de.as Induced by the
extreme cold. gave strength to tho corn
lures opened higher. the range being
from unchanged to Is Scattering sales
were made carly. Country offerings
were light but much corn is reported
May opened u to - higher than yester-
days close. at 573s TO 67M but moderate
realizing sales caused reaction Trad
Ing In the oats pit WAS small carly in
the day. but the market showed fair
strength. May opened y lower to "a
higher than yesterdays final figures, nj
Al to i1A and developed frmncss In the
Good buying. in all the provisions
strengthened the prices on the pork
products: the advance ranging from 21s
To 9)c- The record price of live hogs
and continued light receipts ut the pack
Ing centcrS boosted the provisions mar
ket. Opening prices in January products
were: Pork. q 2Oo; lard, IL 20; ribs. II IS.
Whcat-The market was firm and ac-
two all day. May advanced to 1.IA%.
Tho market closed Arm with May %@5h
higher at t.lihm x.
corn-Bullish sentiment prevailed In tho
corn pit here throughout the session
Record prices in all the futures for the
Drop were reached. May touching eS%
and July and September reached 50. The
close WIZ 1rm, with May rs higher at
6SM
Closo-Whoat-Jan.. l.15h. May. 1,1ilk@
u July, Lcaa.; Sept. S9h:
Corn-Jan, g.: May, 6S5s July. S%
@I; Sept. 6s1s.
oats-jsn. 4s$s May, 77s as; July, IS;
Pork1Jan, 2s.os.s; May. s21oalan
Lsrd-jan.. 1870; May. 1a.ao; July
IL 12M
Rlbs-Jon., n,esH May. n.s2M@n s5;
July. II, 6215.
Ityc-Cash. 81; May ST.
Bnrley-Cash. 5346D.
Timothy-March. 3.95d4.00.
Clover-March. l5.25
BUTTER AND EGGS.
Chicago. Jan. .-ButteT-Stcady.
C:eamerles. 2s@3i; dalries 2513O
EggS-Strong, nj mark. cages included
2i1S Ge Ss receipts. 2.54o: nrsts. %. prime
flrsts SO
Chccsc-slcody. Daisies. 1851 ali: Twins.
l6H@h; Young Americas. 1914; Long
Horns. 16h
SUGAR AND COFFEE
New York, Jan 6.-Susar raw. steady:
| Inuscovado. 80 test. 2.52. Centrifugal. 90
Retlned--SteHdy. Crushed. 5.75; granu-
| lated. SOS; powdered. 5.15
Coffee-Spot. steady; No. : Rio, Ills
| ga; No. Santos. &c.