davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
CHURN DRILL GETS
INTO HIGH VALUES
Inspiration Deposit Near the
Colorado Shaft Is Looking
Best of All.

According to the kilograms received by
the Salt Lake Offices of. the Inspiration
Copper company during the past few
days, the new drill hole In the Vicinity oil
the Colorado shaft is averaging 3 per
cent copper easily All the holes In that
section Of the property are very gratify-
Ing. not one being lower than rs per
cent. The . per cent average is from
225 feet depth Of ore, with the bottom
OF the drill hole still In the same char
acter of resources. The experience OF
the management has been all along that
the copper values Indicated by the drills
are somewhat lower than the actual aV-
erage Of the ore on actual underground
development, and 1t would not surprise
the management II this new hole was
in SIS per cent ORE
The new Colorado shaft is now below
the sixty-foot mark No predictions are
being INDUCED in by the officials rela-
tive to when this shaft will strike ore,
but friends OF the company expect the
shaft to be making its way through ore
early In July This shaft. as empha-
sized by each shift OF churn drilling, VIII
develop the richest portion OF the lnspir-
alton tonnage,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
OH|O-k
REPORT IS OUT
Statement Deals Fully With Re-
cent Merger Deal in the
Phoebe District.
CLEANED UP MANY
APEX DIFFICULTIES
Consolidated Company Has Some
Treasury Stock for the Fu-
ture Development.

The local offices of the Ohio kentucky
company have forwarded to all stockhold-
ers a report Of the organization In accord
ance with the Nevada law. That portion
OF the report touching upon tho consoll-
dalton with the Nevada Utah company
VIII be of interest, and 1t here follows;
~ settlement has finally been effected
with the Nevada-U Utah Mines and Smelt-
ers corporation. covering long standing
dispute over titles, apeXes, etc, TO several
of this companys most valuable claims
and agreement mado to operate tho other
claims held Jointly
The Consolidated Phoebe Mining COM
pany. organized under the laws of Della
over all the mining property held by the
Ohio kentucky company and the Nevada
Utah company in the disputed territory.
The latter company has decided to the
consolidated company the Raymond &
Ely mine. a patented property owned en-
tirely by them, which has on it new
triple compartment shaft 900 feet deep,
fully equipped with steam hoists. foundry
machine shops, etc, also the Zero claim:
together with the Deerfoot, Index and
Williams s; Goodspeed. where they over
lap the Zero or Susan Duster claims, Also
their one-half interest in the Independent
claim.
THE Ohio entucky company rein-
quishes It's half interest In the Silver
the Nevada-Utah company and has
decided all its remaining mining property
TO the consolidated company.
"The half interest held by each COM
pany in the Plochc waterworks system,
pipe lines. real estate. ETC., remains as
formerly.
The Consolidated Phoebe company IS
capitalized for 500, 900 shares. par value
$40 each, OF which 200, 900 shares goes into
the treasury OF the Ohio-Kentucky COM
pany and 200. 900 shares to the Nevada
Utah company, OF the remaining 100000
shares that are in the treasury 1000
shares are sold to the Ohio Kentucky
company ut $3.50 each and 1000 TO the
Nevada Utah company at the same price.
%. 900 treasury shares and $4,000 in cash.
IT Is controlled by n board of five dtrec-
tors consisting of two members from the
Nevada-Utah company and two from the
Ohio Kentucky company OF which 1t takes
three to transact business-the fifth d.
rector. the Corporation Trust company Of
America, Wilmington, Del.-havins no
voting power. Its directors and officers
are as follows: George z. Learnard, presi-
New York City; 4, II. Godbe. vice presi-
dent. Salt Lake City; e. L. Godbe, man
aging director, Salt Lake City; Corpora
ton Trust company OF America, Whining
ton. Del.
1.-The mining property consists OF the
following claims patented: Raymond e.
Ely now called the Panacker. 5000 feet
long bv 500 feet wide: Independent Zero.
Susan Duster, Alberta, Alberta No. 2; also
ping the Susan Duster and Zero claims.
VIZ: Williams & Goodspeed Deerfoot and
Index, together with the following unpat-
ented claims: Monarch. West. South.
Wedge, Fraction. Lookout, Eagle and
Winter"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
MORE OPTIMISTIC ON 'i
THE EASTERN SIT1AT1

James A. Pollock & Co.. bapkaru :
brokers. furnish the following rsSsj-
over their private wire yesterday 81
noon: ~
Paine, Weber & Co. letter. sorto
Bullsh sentiment Is growing. ThsN
interests have taken the long OF ths =
ket for the time being. Crop newa n II
ter and the shorts are In a bad rnsyij
Confidence Is returning very slevI1-
that the buying power Is small, but o,
other hand, selling has csased almoaf
tfrely and fluctuations are Wide on
upside. We look for n con,inuane~
this upward movement and advice nsS
ing shorts and going long on any rearll
The market from now on viii be zoprr
largely by the conditions Of the croua
we shall have erratic fluctnatious.
the gradual trend OF the market VII
upward and we think we have seen
lowest prices for some time.
Logan 6: Bryan stock letter, New Yur
The stock market today dlspiayed
| markab BILE strength with the buylns m
more aggressive than has been wiiusr
for some time. Sentiment was grs;
improved by the calmer reports relsj
to conditions in the northwest and a. 3
as 1t became known that the temperate
In n great many Instances were lower
that rain fall had occurred In secti
where most needed, with prospects
further precipitation, traders starfad
| buy stocks they sold yesterday, with
result that the list became strong sEc
after the opening and remained so dur
| the balance OF the session. The ref
OF Mr.. Morgan probably accounted Tor
renewed enthusiasm among the I'd
Gates OF higher prices but at the ii
time the fact that the advance waH
confined to few specialtlcs. but was
flected In nearly every issue ON the
seemed to indicate that a concerted
fort is being made by prominent md,
interests TO establish a higher lesel.
still feel that higher prices will be l
messed. 80
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
c. NJ. MAC WELL To
UTAH SHAREHOLDERS
Explains Reason for Calling for
New Railroad Line and
Bond Issue.
Special TO The Tribune,

NEW YORK, June 22-Charles NJ,
MacNeil. president Of the Utah Copper
company, has issued a circular to the
stockholders notifying them OF the pro-
posed ten-year sinking fund gold bond
issue OF s2,5oO.o 600, bearing per cent In
terest for the purpose OF building a new
railway line from the mines to the mills
and smelter at Garfield. The enlargement
OF the Arthur and Magma plants at Gar
field, their capacity being raised to about
$4,000 tons daily makes necessary this
new line, The statement says:
Prior to the construction Of the Magma
plant, this company entered into con-
tract with the Denver Sc Rio Grandc
Railway company for the transportation
OF ores up to maximum of 5000 tons
daily. Transportation service during a
large part of the time has been so lnef-
fclent that 1t has resulted in largely re-
duced earnings, and your directors de-
termined il would be unsafe TO rely upon
facilities afforded by the railroad com
pany TO transport the greatly Increased
tonnage which the company will be
handling upon the completion and en-
largement of plants referred to. The ca
pacity OF the plants when enlarged will
be approximately 1000 tons per day In
excess of what the Denver & Rio Grande
is under contract TO transport"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23

The Amalgamated company owns s,o4o,-
S62 shares OF Anaconda, constituting It's
only asset aside from the cash surplus.
The Amaigamated company itself has out
standing 1.538,879 shares, SO that practl-
cally 1t owns two shares OF Anaconda
for every share Of its cwn stock out
standing A dividend Of 81 per share
on Anaconda Is, therefore, sufficient to
pay 81 per share on Amalgamated.
1.-THE Anaconda has outstanding a.
100000 shares and in order. to earn Its
dividends OF 81 per share 1T must earn
IS, ,440. 900 Estimating the output at
| 5oo.o00.ooo pounds and cost OF 90 cents
per pound. the profits would be S9.o00,o00
on 12l-cent copper market This would
81 dividend and enable the Amalgamated
to pay 81 II the directors saw ft, and II
the directors do not take such action IT
will Indicate a lack OF faith In the sta
bIlity of the metal market and hence OF
the ability Of Anaconda to continue the
50 rate.
"The conservatism Of the Analgamated
management is we'll known. and there can
never be any question Of the integrity
Of the earnings Of It's subsidiaries, as
ample charges are made for depreciation.
AS an instance II Is said that over one
half Of the S10,0o0.0 900 cost Of the great
Washoe snelter has been charged to ex-
penses since II was built Another strong
point with the Amalgamated companies
is the large cash surplus in the treasures
of all the companies. In addition there
are the holdings Of lumber and coal
owned by the Anaconda.
Taking all these facts into considera-
| tion there is evidently a greater value
and stability to the Imalgamated prop
critics than is generally supposed, but
| that does not overcome the fact that the
stock Is high as a So dividend"payer and
| would be high even as 81 dividend
payer, under present metal conditions.
| Tho strength In the stock under the cir
cumstances must be credited TO the fact
| that 1t is largely concentrated In strong
| hands. who either cannot market 1t OF
| are content TO await better metal con-
/ 5itionc
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
SUNDAY EXCURSIONS
Via Denver & Rio Grande R. R.

Via Denver & Rio Grande r. r.
Provo Canyon, T:50 a. NJ 81 25
D. m, ......,..............,.. 90
Pharaoh Is Glen 500 a, m... so
Special train leaves Provo Canyon re-
turning at p. m, arriving at Salt Lake
10 p. m. Magnificent scenic trip. Good
fishing. Trout and chicken dinners at
Upper Falls resort.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
NEVADA HILLS REACTS
ON LOCAL EXCHANGE

Following the steady upward climb on
the local board to more than three times
the value of the starting point, Nevada
Hills paused yesterday for q breathing
spell There were reasonably good buy
ing orders generally yesterday, a total of
- 900 shares selling, the market value
closing unlisted and listed stock transac-
tons:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
AMALGAMATED IS IN
VERY GOOD CONDITION

The following interesting material re.
garding the Amalgamated and Anaconda
Copper companies is extracted from the
Boston Financial News.
''The yearly production OF the Anacon-
da under the consolidation Is estimated
for this year at about 800, 600. 900 pounds
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
Nevada News Agents.

Eauvard-A c. Pcaco.
GoIdfield-Louie Polin.
Hawthorne-Louie Pollin.
Kimberly-Sheldon Lowney.
Lovelock-Bible Bros.
Midas-Mrs. C. A. Harrington.
Rawhide-Louie Pollin.
Reno-Hotel Golden News Stand; Ro-
senthal g. Armanka: Shepard & Son.
Yerington-F. 81. Burner.
Winnemmuca-Pearce & Chase
Cobre-Richard Richards.
Cherry Creek-Grey & Collins.
Elko-Wheeler & Co.
Eiy-Grace B. Paxon: Harville Station.
cry Co.
McGill-M Herman: Walden & Bur-
nett
Rhyolite-The Crescent
Piochc-Pioche Drug Co.
Caliente-John Shier. Thomas Him
trect
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
San Francisco Mining Stocks.

SAN FRANCISCO, June 22.-The Off
cial closing quotations for mining stocks
today were as follows:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
Metal Market.

The metal quotations for Wednesday.
posted by Mccormick &, Co.. were as fol-
lows: Silver. o3lc: lead, $40; copper,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
San Francisco Oil Stocks,

James A Pollock 6, Co.. bankers arl
brokers, furnish the following, received
over their private wire yesterday after
noon.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23

FORENOON SALES.
Cedar-Talisman, 300 at eic,
Crown Point, 1000 at 73c.
East Tintic Development, 1000 at &c.
Indian Queen, 1000 at 1sc.
Iron Blossom, 500 at 73c.
King william. 1000 at &C.
Lower Mammoth. 700 at soc; 100 at
Soac
Nevada Hills 400 at S1.52i. seller sixty
days, 700 at s1.52s: 1900 at s1.5o. seller
sixty days; 900 at s1.55. buyer sixty days.
Seven Troughnss, 100 at &C.
Uncle Sam. 900 at Csc.
Shares sold, 1900,
Selling value, S3541.2o,
OPEN BOARD.
May Day, 1900 at lac.
Nevada Hills. 100 at $50; 200 at
Min. Flat. 1000 at 1lc
Shares sold, 1900.
Selling value, s49650.
AFTERNOON SALES.
Colorado, 200 at 40c,
Columbus. 100 at SAC.
Indian Queen. 1000 at 1lc,
Lower Mammoth. 200 at soc; 100 at 2ssc,
700 at 29c.
Mountain Ike. 1000 at 62c.
Nevada Hills. 100 at 81. SO; 800 at 81. .52. f;
1000 at s1.50, seller sixty days, 200 at $1.5o,
Ohio Copper, 100 at s1.90.
Sioux CONSOLIDATED, 500 at 22c; 500 at
23c, 500 at 22sc.
- Tintic Central. 1900 at &c.
Shares sold. $500.
Selling value. s450050.
OPEN BOARD,
Cedar Talisman. 1000 at 9ac.
Columbus, 700 at SAC.
Colorado 300 ut 40c.
Iron Blossom, 200 at 74e; 500 at 75c.
Nevada Hills, $500 at s1.5o.
Sioux Consolidated 100 at 22sc, 500 at
Tintic Central. 5000 at slc: 1000 at esc.
buyer sixty days; 14500 at &c.
Shares sold, 20.400.
Selling value. S6340,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
Ore SHIPMENTS.

The Utah Ore Sanplng company on
Wednesday released cars OF ore from
Utah camps,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
Boston Copper Stocks.

James A Pollock &z Co, bankers and
brokers' furnish the following, received
over their private wire yesterday after
noon;
BOSTON COPPER RANGE,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
AMERICAN ZINC WILL
PAY DIVIDEND SOON

A dividend Of so cents per share has
been declared by the American Zinc com
pany. psyable on August ]. The books OF
fhc company usually close from eight TO
ten days prior to the date of payment.
The American Zinc company IS In very
good financial condition at the present
lime. being one Of the largest zinc com :
binations in the country. Its latest finan-
cial report showed the following condi-
lions preyailrS:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
Mining Notes,

CIV. Lambourne, general manager OF
the DalyJudge company, Is at the prop
erty for day or two
Percy c. Cropper, mining editor Of the
Descret News, is confined 10 his home
through Illness.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
Net profits

4NGI pIUIINo 3'8'- v -'7'@
Among the officials of the company is
MANAGING Director Holden, OF the United
States Smelling, Refining and Mining
company.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23

stThe Man Back East" wants to
know about this city and the remark
west. Send him the Western Monthly
with your compliments. Telephone.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
Bid Asked .

Nevadas in San Francisco,
James A. Pollock & Co. bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
The Goal Call.

Both phones 40. Citizens Coal Co.,
1853 Main street.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23
Ore and Bullion.

The ore and bullion report for
Wednesday. given by Mccormick & Co,
was as follows: Ore received. $50 900.
bullion shipped, $4,000; gold bullion
shipped, $45, 900; total. $l5o.000.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-23

New York Mining Stocks.
James A. Pollock & Co.. bankers and
brokers, furnish the following received
over their private wire yesterday after
noon.
Mohave County miner., 1910-05-14

P. McCardell has gone to Blake,
California where he is making surveys
for mining company.
The Lovin & Withers company have
a new advertisement in this issue of
the MINER. This corporation is one
of the largest in the territory and car
ries an immense line of goods suitable
for every want of the miner, stockman
and householder.
At the Warrior mine. one of the
greatest permanent producers of Globe
district, the sinking of the third churn
drill hole is under way. This hole is
already 225 feet deep and is being put
down on the Winnie claim, west of
the second churn drill location, and
about 700 feet north of the Scorpion
claim on which the Inspiration Copper
company is now doing development
work in a good grade of sulphide ore.
On the $50 and 3OO-foot levels of the
mine, ore is being stopped for shipment
to the Ell Paso smelter. At present
these shipments amount to from % to
100 tons of ore daily and the average
copper content is being maintained as
usual at about 95 per cent.-Silver
Relt
Mohave County miner., 1910-05-14
Activity Around Silver City. N. NJ.

The largest mining operations in
Grant county, N. NJ, are now being
carried on, says the Silver City Inde-
pendent, by the Chino Copper company
in its Santa Rita copper properties.
Under the management of John NJ.
Sully the grounds are being thorough
ly exploited, with drills and workings.
The big concentrating mill will be
placed on a site on the old Brain
ranch, about four miles northeast of
Apache Tejo. This ranch was recent
ly purchased from the Victoria Land
and Cattle company. The erection of
the big mill will be commenced within
the next go days and will consist of
three units of 900 tons each or a capac-
ity of 200 tons every a hours.
A camp of 30 men are at Apache
Tejo where the main source of water
is to be secured. Recent development
here has increased the flow of water
three-fold. where a large pumping
plant will be installed. The cost of
the mill and pumping plant will ex.
coed l, ZOO, COOS.
Six Cyclone drills operating in Texas
Flat and Montoya have, it is claimed,
developed 100000 dollars of com
mercial ore, sufficient to run the new
mill over 20 years. A new drill has
Just been ordered that will reach a
depth of 1000 feet. Over 300 men are
on the pay roll. Even with present
development the company is prepared
to put out 1000 tons a day.
The concentration is producing now
over $50 tons of concentrates each
month, besides which % tons of metallic
copper are taken from the mine. In
the Chino section the ore will be
handled by steam shovels. The caving
system will be employed in the under
ground mining, by running drifts and
cutting the ores into large blocks for
ready handling.
Mohave County miner., 1910-05-14
smeIter VIII Soon Be Busy.

Robert E. Morrison yesterday re-
ceived a brief but important telegram
from George Mitchell general manag-
er of the Clara Consolidated Mining
company at Swansea, conveying the
welcome information that the smelter
had been blown in and results were sat
isfactory, the plant running smoothly
and bullion was flowing. The event
was signalized by general celebra-
ton, and there was much enthusiasm
prevailing in the little city. An i'm
mense tonnage of ore is available for
the smelter and the expectations are
to keep the reduction under Roadway
in the future, on a permanent basis.
In few months all departments will
be in operation on systematic line,
and the vast enterprise kept under
Roadway. Considerable mechanical
work is going on to improve the plant,
but the actual blowing in of the smelt-
er is the main problem, and its prac-
tical running is established after many
months of diligent construction
Prescott Journal Miner.
Mohave County miner., 1910-05-14
Socono Mines in MoeoIIon District
Double Capacity.

Mogollon, n. M.-The Socorro mines
have advanced their development 125
feet and report 100 sacks of concen-
trates from 700 tons of ore milled.
The most noteworthy feat by the new
management is doubling the capacity
of the Burt filters so that they are
now handling fully 100 tons per day.
The rumor that the grade up White
water creek, which was something
like two-thirds, completed Is months
ago, may soon be finished and pipe laid
to the Pelton water wheels is welcome
news to the many stockholders of this
company. There has never been
time since starting their mill that
water was not available for a large
part of the required power, while at
times it has been more than sufficient
for their entire needs-this in the face
of so called dry year.
At the Ernestine Mining company,
the drift in the 300 foot level west con-
tinues in fine ore, with width of five
feet, though it has indications of still
increasing in values. The company
milled $50 tons of ore the past week
and produced 50 sacks of concentrates.
No bullion was smelted.
Mohave County miner., 1910-05-14

A touch of rheumatism. or a twinge
of neuralgia, whatever the trouble is,
Chamberlain's Linament drives away
the pain at once and cures the COM
plant quickly. First application gives
relief. Sold by all dealers.
Mohave County miner., 1910-05-14
smeIter Damaged BY Costly Blaze.

A Prescott dispatch says:-An early
morning fire Quilted the three story
brick building at the Humboldt smelt-
er, used for laboratory and assay Of
fee, destroying apparatus and equip
ment, with a loss of 25,OOOs, partly
covered by insurance. The cause is
unknown. Lack of wind saved the
entire smelter plant from destruction.
Call at the drugstore and get the
terms for purchasing Victor machine
on the installment plan.
Mohave County miner., 1910-05-14
Sherf'S Sale.
W. B. Campbell, plaintiff,

W. L. CoAHRSNAii RA1@4AANAAf
VS..
W. N. Gourlay and E. A. Gourlay, defendants.
Under and by virtue of an Execution issued out
of the District Court of the Fourth Judicial Dis
trict of the Territory of Arizona, in and for Mo-
have County, and to me directed and delivered.
for Judgment rendered in said Court on the 6th
day of April. 1910, in favor of W. B. Campbell.
plaintiff. and against W. N. Gourlay and E. A.
Gourlay. defendants. for the sum of One Hundred
Eighty (SlsO.OO and no-lOO dollars and interest
thereon at the rate Of six per cent per annum IN
til paid together with costs and disbursements at
the date of Judgment, and accruing costs. have
this day levied upon all the right, title, claim and
interest of said defendants, W. N. Gourlay and E.
A. Gourlay, of. in and to the mines and improve
ments situated in Wallapai Mining district, Coun-
ty of Mohave, Arizona Territory, and more par
ticuarly described as follows, to-wit:
The Flores lode mining claim, location notice of
which is recorded in Book D of mines. at page
462;
The West Flores lode mining claim, location
notice of which is recorded in Book of Mines. at
page 727;
The North Flores lode mining claim. location
notice of which is recorded in Book L of mines.
at page las;
The Mohave lode mining claim. location notice
of which is recorded in Book L Of mines, at page
IA;
Together with all and singular the tenements
hereditament and appurtenances thereunto be-
longing or in any wise appertaining.
Now, therefore, notice is hereby given that on
Monday, the Both day of May, 1910,
at the town of Kingman. Arizona, at the hour of
O'Clock in the afternoon of said day, in front Of
the South door of the Court House, will sell the
above described property. or so much thereof as
may be necessary to satisfy said plaintiffs judg
ment, with interest thereon, and costs and aecru-
ing cost, to the highest and best bidder for cash
Dated at Kingman, this It'll day of May. 1910.
WALTER BROWN,
Sheriff of Mohave County
First insertion May rs
Mohave County miner., 1910-05-14

First insertion May 7-2S
Mohave County miner., 1910-05-14
Mines of the County

The shaft on the Oneida mine, at
Lorena Flat, has reached a depth of
100 feet.