davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
ST. MARY MINING COMPANY
HOLDS ANNUAL ELECTION

At the annual meeting OF the ST. Mary
Mining company the following officers
and directors were elected. Patrick Ryan,
Salt Lake, PRESIDENT II, L. Smith. Du-
luth, vice president; j, J. Kinney, Salt
Lake. secretary; c. NJ. Gunnarson, Du-
luth, assistant secretary; D. p, Rohling
and d. w. Ryan, Salt Lake directors.
The stock OF the company is traded
In on the Duluth stock exchange. and its
stock transfer office Is In Duluth,
The property is located In the Star
district of Beaver county. near the Mos
COW, Lady Bryan, Red Warrior. Progress
sion and Commonwealth properties. 1t
Is equipped with an up o-date gasoline
moist. air compressor and the like. All
OF the machinery is heavy enough to take
the double compartment shaft down 500
teet On the first level some drifting
was done and a carload OF ore running
$40 in copper. silver and some gold was
taken out. The shaft is now being pushed
10 the lower levels IN order TO get be-
meath the ore body. whose top has been
apparently encountered on the first level
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
Logan g. Bryan Letter,

James \. Pollock & Co, bankers and
brokers. furnish the following received
over their private wire yesterday after
noon
Logan & Bryan Stock Letter New
fork.-The stock market met very
large supply of long stocks on every 1T
lie recovery and in addition operations
Tor the decline were conducted on an ag-
eressiNc scale. The feature OF the trad
ing Was the heavy selling of those issues
which do not enjoy broad market and
as a result drastic recessions were re-
corded. Good support was noticeable
during The carly. trading, but upon a con-
unuance OF uniaIorable crop reports, par
ucu!arly from the corn belt, the same
was Withdrawn and lost and market al
lowed 10 sink rapidly under heavy liqui-
dation. The Steel statement issued after
the close, was a satisfactory exhibition
In so lar as earnings were concerned,
and although the volume OF untitled ton
mage was slightly higher than expected,
still 1t must be remembered that cancel
lationS on large scale are said to have
taken place since the statement was
compiled and. in addition, the amount OF
new booking very much below the pre-
rlous demands.
In connection with the selling today Il
might be well 10 remember that eleventh.
hour liquidation often carries prices to
the extreme, and under such conditions
IL is almost impossible 10 gauge the ex-
tent OF declines, but would bear In mind
that the drastic declines already re-
corded discount in great part the many
uncertainties still surrounding the mar
ket, and that although further efforts
may he whcr te extend the downward
movement. still the period at which In
Yesiments, either on cash or We'll pro-
tected basis, should be near at hand, and
that we would, therefore, take advan-
tage OF any further drives and make con-
servative purchases Of the standard is
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
Paine, Webber G. Co. Letter.

James A, Pollock g. Co. bankers and
brokers. furnish the following. received
over their private wire yesterday after
noon:
Paine, Webber g. Co. Letter, Boston =
)ullness still continued in the local mar
ket There is no announcement for anv-
body TO buy stocks. but OH the other
hand prices arc too low 10 advise sales,
and nothing looks attractive 10 the bears.
The New York market however. is suf-
ferlng still from heavy liquidation. and
the big men are apparently still pour.
ing out stocks. At times today certain
specialties broke badly. noticeably Steel
and Union Pacific, General Electric and
American Phone, Prices closed on the
bottom and there is no sign Of any sub
stantial rally yet. Investors can COM
mcnce picking up good stocks from this
level with sure ultimate profits
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
CENTENNIAL TUNNEL IS
APPROACHING ORE BODY

Advices received from Ely are TO the
effect that work Is progressing in most
satisfactory manner on the Ely Cen
tennial, whose property lies on the hin
just 10 the north OF the city. and within
full sight OF every part of the camp
The big tunnel is now into the noun
tain for n distance OF 100 feet or more
and is as straight as die. The folma- =
tion that is now being penetrated is a
spar -quartZite mixture. without seams
and in massive formation. 1t is exceed
ingly hard and difficult to handle
This tunnel is being driven To intersect
a ledge about 1850 or 1900 feet from the
entrance. Some punches OF copper ore
Of high grade are being found from time
to time In the face of the tunnel. These
are taken as an indication that a large
body OF copper ore of exceptionally high
grade will be developed by this tunnel
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
LOCAL STOCKS ARE
ACTIVE AT CLOSE

After an adjournment from Saturday
noon to Tuesday morning, there was a
lull in the trading at the morning ses-
sion During the afternoon more orders
for stocks came In, and the business was
almost trebled. Where sales We're made
IL was invariably at reduced price,
though IT became apparent at the close
that some support would be given the
market, About the only Improvement
was in Iron Blyossom, as result of
splendid shipments being made from this
Tintic mine. which shows an improve
ment In the values OF ore consigned to
this market The following were the
closing unlisted and listed stock transac-
tionS;
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
NATIONAL NINE is
BIG GOLD PRODUCER

John e. Pelton OF the National Mnine
company of National. New. went tc
Reno last Saturday with seven bars oil
bullion, weighing $50 pounds and valued
at $4,000, The gold was from the Nn-
lonars property, and was shipped to the
San Francisco mint. The Company's
shipments last week amounted to $50 900
The bullion is produced from the high
grade alone, which constitutes but a
small percentage of the ore taken from
the property, The lower grades. running
to $500 and $500 ton, arc sacked OF
kept In the bins; while the very low
grade ore is put on the dumps. \ new
thirty-ton mill VIII be put into commits
sion next week. which will handle all
OF the output OF the property, increasing
Its bullion output almost immeasura bly,.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
RAWH|DE STRIKE
IS ENCOURAGING
Good Find of Gold Ore at Depth
Leads to Belief in Camps
Permanence.

There is n strong probability that Raw.
hide Will come to the front as n gold pro
ducer on large scale. and that the camI
may ono day rival Goldficld in the mat,
ter of bullion production.
When the first wild stampede occurred
TO this camp. about three years ago, il
was reported that the hills were scanned
with the richest gold ore that had ever
reports that followed the first eXagger-
ated stories were TO the effect that while
there were occasional strealSs and narrow
seams OF the high grade ore, the true
permanence OF the camp would come
from the low grade ores.
This prediction was apparently verified
for the miners that sunk TO depth found
that the low grade milling ores continued
with depth, while the high grade seams
disappeared.
The latest strike was made last week
In the property OF the Coalition Crown
lease, located on the Coalition estate. In
TO be OF the most Importance Is the fact
that the ore body being opened up is on
the 300 loot level and gives every indica-
made on this level while drifting east
toward the Nugent block.
General Manager Lansing began oper-
ations on the block about a year ago
amid the most discouraging propheslcs
Of those who thought they knew, He
started in the center of deep gravel
wash and erected his hoist. continuing
to sink without cessation until the 800
level was reached, He never discovered
anything TO encourage him in all this
extensive work until the find had been
made this week. a drift had been start
ed east some time ago In the hope OF
cutting some of the veins that wore
thought TO exist in thSt direction The
drift is now about 209 feet and the vein
is being crosscut.
Assays taken by Mr.. Lansing give
values of $40 per ton across the entire
body, which Is i've feet wide so far as
cut. The extent of the vein has not
been determined yet, as they have gone
in about five feet. The tale and coun-
try rock Tor about four feet before the
lead was reached assayed $3.50 per ton.
The work of cross cutting is being pushed
as fast as possible, and everybody who
has inspected the property came out with
the most encouraging reports.
From all indications 1t appears that
the find Will develop into big high
grade milling proposition as the size
of the vein gives every evidence OF being
and the values show 10 such
an extent as to make this belief rea-
sonable,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
GRAND CENTRAL
IN FINE SHAPE
Mine Can Easily Double Output
at Any Time Without
Notice.
PROPERTY HAS GOOD
MACHINERY EQUIPMENT
Every Part of Work Has Been
Done in First Class
Manner.

L, C. Davis has returned 10 the city
from a visit OF inspection to Tintic. Uc
says that the people of Tintic arc very
much pleased with the development worl
going on in that district, and are es-
pecially hopeful over the outlook. They
say that the improvements that have
been shown by reason of this development
promise to put the district back on lis
feet.
Mr.. Davis made an especially careful
inspection of Grand Central, and brings
back many fine samples OF ore from the
900O-ioot level The company has devel-
opcd on that level twenty feet of gold
ores, carrying values averaging SIS to
the ton in gold. The dyke pitches to
the east.
The company is also finding good
quantities OF horn silver of fine quality.
In addition TO this they have four feet
of silver ore on the SOo-foot level. They
have just opened this ore. and thus far
have been unable TO tell If it will all be
hrst-class shipping ore, but indications
are very favorable for the development
OF an especially fine ore body on that
level.
The company is also drifting on the
ls00-foot level toward the east, to tap
the ore bodies that have proved TO be
so rich on the 2000-foot level. This drift
is now in the same class OF material that
was encountered on the 2000-foot level
before the ore was encountered,
The Grand Central has splendid equip
menJ, says Mr., Davis, and every piece
OF work In the property is OF the high
est order One man who has been in the
employ OF the company for fifteen years,
says that The minC looks better now than
IL has at any time since he went TO work
there. There is ore on so many work
lngs that the management could easily
double It's output at my time. There
are big bodies of ore aVera ging 81 TO $S
that are being passed over at this time.
and no effort is being made TO take them
out.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
BETTER VALUES IN
IRON BLOSSOM
General Advance in Values
Throughout Property Follows
New Development.

While very little is being heard with
regard TO operations at the Iron Blossom
properties. 1t is learned that there is q
eroat improvement In the values being
extracted, and that there is an Increa sed
tonnage coming from the mine. Inquiry
at the knight offices In Provo failed to
elicit the information desired on this
point, and Jesse Knight said that while
he did not at all times keep closely In
touch with the operations he had Just
talked TO the superintendent at Tintlc
and. so far as he could learn, conditions
were very much the same as they had
been.
From another source it Is learned that
they are getting better values from the
No. l shaft with increased depth they
find better deposit of ore, and with the
immense territory that they have to de
Neiop 1t is assured that q good grade
OF shipping ore In larger quantities will
eventually be mined. The gold ore be-
terially 10 swell the receipts. but the i'm
provenent In the quality of the shipping
product from the silver-lead ores has re-
suited In the general advance In values
throughout the entire property.
AS the Iron Blossom Is more eXten-
sively opened up, the great future pos
sibiities OF the mine Is becoming more
strongly impressed upon the minds OF
men who make it their business TO look
into mining investments, After the first
ore body was encountered, there was
some disappointment IN the manner In
which the property responded TO devel-
opment work, 1t was then that the
knights let IL be known that IL would
be their policy TO get greater depth In
the property Three shafts in all are
being operated. and a depth OF 100 feet
has already been attained, with the re-
suits most gratifying.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
New Properties Being DeveI-
Oped Giving Big Fuel Out
put to State.
GOVERNMENT RAISES
PRICES OF LANDS
Coal Goes to Utah and Sur
rounding States, With Stead
lily Increased Demand.

While but little is being said concern
ing the coal mining industry In this
state, that industry Is rapidly taking its
place as one OF the most important
wealth producers OF the state.
The coal fields in Carbon county are
employing thousands of men and the
wealth that Is turned out by these prop
critics is enormous. The Importance from
an industrial standpoint cannot be over
estimated.
The mines OF the Consolidated Fuel
company at Hiawatha. twenty miles
southwest OF Price, are now producing
from 500 to 900 tons OF coal daily and
IT Is planned by the company to increase
this output TO 1000 tons a day within a
short time.
The company sends its coal down a
gravity tram two miles long. with a .
per cent grade, to the tipple on the
Southern Utah railroad, This road was
built by the company TO afford a connec-
ton With the Rio Grande at Price.
The company is mining from two seams
OF coal seventeen feet and six feet in
ploys between $50 and 200 men,
The Castle Valley Coal company has
its properties six miles south of the Ha-
watha mines and is actively developing
thirty-siX foot seam of excellent coal,
The Independent Coal company has its
mines six miles north of Price. These
mines are connected with the main line
OF the Rio Grande at Price. by a spur.
The company is now shipping 1900 tons
u day, All of these companies have their
control in the hands of Salt Lake capt.
talists,
In addition to the coal that is marketed
in Utah, these companies have large
output to Idaho. California and Nevada.
Many other properties are being devel-
oped SLOWLY, owing, probably. to the
shortage of capital
The government action in ncreas sing
the price of coal lands in the Price Sec
tion has had the effect of preventing the
companies already in the field, and has
tended TO keep out the small men, who
cannot develop the properties promptly.
The price was increased from $40 10 $50
an acre, up TO 500 and $500 an acre,
according 10 the location. and the amount
OF coal estimated to lie In them.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
THE YAMPA SHELTER
AT BINGHAM TO QUIT
Special TO The Tribune.

BINGHAM, July 26.-The Yampa
smeter, according to the announcements
Of Superintendent Frank Murphy TO his
men this morning. Will close down next
Monday This smelter has been handling
from 75o to 500 tons of ore daily and has
been employing about 200 men. of whom
about so were Greeks and $50 Americans,
These men will be thrown out OF en-
ployment by the shutting down Of the
smolter
The mine will continue to run and no
special reason Is given for the closing
down, The ore Is sulphide. however and
Is very desirable for n nuX at this COM
pany's Smelter at Garfield. and IL is prob
able that Il is cheaper TO send the ore
there than 10 run the two smeItere.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
BEETLES in Golddeld.

A j. BEETLES is now in Goldneld. where
he has gone TO examine several prop
critics for large interests that are said
If It can be secured on the right basis.
Mr.. BEETLES will probably return to Salt
Lake Guy within the next ten DAYS.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
Nevada News Agents.

Bauvard-A c. Pesco.
Goldneld-Louie. Pollin.
Hawthorre-Louie Pollin.
kimberly-Sheldon Lowney.
Lovelock-Bble Bros.
Midas-Mrs C. A. HARRINGTON
Rawhidc-LouIe Pollin.
Reno-Hotel Golden News Stand; Ro-
senthal Armanka: Shepard g. Son.
Yerington-F. NJ Burner
Winnemucca-Pearce G. Chase
Cobrc-Richard Richards.
Cherry Creek-Crey e. Collins
Elko-Wheeler & Co
Ely-Grace B. Paxon; Harville Station
cry Co.
McGill-M Herman; Walden Bur
nett
Rhyolite-The Crescent
Pioche-Ploche Drug Co.
Caliente-John Shier; Thomas Him
street.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
Will Build New Mill.

The grading for. the new mill OF the
Nevada Mining company s
property at Blackhorse, New. is almost
and force OF carpenters has
been sent To the property TO construct
the various buildings that are needed.
Actual construction on the mill will be
in August.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
ACCOUNTS SOLICITED.
National Bank of the Re,uhJ;o

a thoroughly modern sayinps oan..
ment conducted In connoction w,1S
BANK f%nk., safe deposit boxes for rent u
Frank Knox, president; James a. Muir.
z. a. CuIoertson. assistant Cashier
Capital paid In. $500, 200, Interese na,a
On time deposita> pa'o
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
Boise and lnterburban Railway
Company, Limited.

Cars leave Boise for Caldwell .s.,s
500; 900; $1,000, 1900. 1900 a. m. and
i30o' 100 Zoo, zoo, 1900. 500. 500. $4,000,
Cars leave Caldwell for Royss ss.,o
a;SO, SO. $50 1890. Ill 80 a. m. and
1880. Lao, '2:3o. 3:3O, 43O. xs;3o. s.aS
1870. 1880. 9:30 p. m. ''''
Baggage and express.
"Baggage for Boise and Caldwell only.
xEXpress 10 Eagle and intermediates
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
Ore and Bullion.

The ore and bullion report for Tuesday,
given by Mccormick 5; Co. was as fol-
lows: Ore received. $4,000; bullion
shipped, $4,000; total, $4,000
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27

FORENOON SALES.
Crown Point. 1000 at SIC
Iron Blossom. 100 at 7Gc
Mountain. Lake. 1000 at BIC; 1900 at 53c
Nevada Hills 400 at s2i5, so at So. 10
Sioux Con. 500 at l6Ic
Uncle Sam, 800 al 21c
OPEN BOARD.
South Columbus Con, 1000 at Sc.
TOTAL SALES.
1900 shares for s431125.
AFTERNOON SALES.
Colorado. 100 at 33lc.
at SIC. '''
Grand Central. 100 at s1.o7s; 400 at
sl.05 ''0 at
Lower Mammoth. 600 at 15c.
Mountain Lake, $500 at 52c; 1000 at &c.
Nevada Hills, 100 at $40
Ohio Copper, 200 at Sl60 buyer sixty
days; 200 Mt s1.55; 400 at s152t
Tintic Central 800 at DC.
Uncle Sam 100 Mt 21c
Victor Con, 1000 at Sc
Shares sold, $4,000.
Selling value. $4655.75.
OPEN BOARD.
Colorado. 500 at 32c
Iron Blossom. 100 at 74c
Nevada Hills. 100 at $207I; 900 at s2l0.
1900 Al S2.15, buyer sixty DAYS
Ohio Copper. 200 at 81 52l: 100 at 81. 80.
Bullock. 1000 at lc
Columbus, 200 at 53c
Shares sold. 10.l00.
Selling value, sSi9950.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
Metal Market.

The metal quotations for Tuesday
given by Mccormick & Co, were as fol-
lows: Silver, 53lc; lead. 81 40; copper
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
BOSTON MINING STOCKS
San Francisco Oil Stocks.

James 4. 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, 1910-07-27
San Francisco Mining Stocks.

SAN FRANCISCO. July 25.-The Off
eial closing quotations for mining stocks
today wcre follows:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
Boston Copper Stocks.

James a. Pollock & CO., bankers anC
brokers, furnish the following received
over their private wire yesterday after.
noon:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
New York Mining Stocks.

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, 1910-07-27

Nevadas in San Francisco.
James a. Pollock 6, Co. bankers and
brokers, furnish the following, received
over their private wire:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27
Bid. ASKED
NOTICE.

NOTlCG.
To Whom 1t May Concern: The part
nership of Gundry & Alder is hereby
dissolved. w. N. GUNDRY,
July %, 1910.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-27

Tribune Wa..t Ads
Bell Main 5200. Independent 500.
New-York tribune., 1910-12-18
WANT DIVIDENDS RESUMED
Minority Stock Holders of st. j..
& G. /. Form Committee.

Minority holders of the first preferred
stock of the St. Joseph & Grand Island
Railway Company, it is understood, are
forming a protective committee, with the
object of endeavoring to secure a resump-
ton of dividends. The 900 first pre-
ferred stock is a > per cent non-cumulative
issue. The full dividend was paid in 1901
and 1902, since which date dividends have
been suspended.
The Union Pacific owns ma jority of the
common stock and has large holdings of
the first and second preferred. and nego-
tiations are to be opened by the protective
committee with that company IT the ne
gotiations shall prove fruitless. it is said.
the committee will bring suit for the pay
ment of dividends on the first preferred.
The annual report shows gross earnings
of 81, ,6S7, ,1S5 for the fiscal year, against
s1,570,5S0 for the preceding year; expenses of
s1,5761 100. an increase of s443, ,721, and net in
come of ,0S5, which compares with s4SS, 00f
for the fiscal year ended June 50. 1909. Total
income was sos, 497, against 1863, 100 in 1909,
and the deficit, after payment of taxes,
rent. interest and other charges. was $3.50, ,272,
which compares with a surplus for the pre-
ceding year of s14T,124.
New-York tribune., 1910-12-18
IMPORTANT TRUST DECISION
Companies May Have to Change In
dorsements on Bonds.

Cincinnati, Ohio, Dec 1.-THE CIRCUIT
Court of the First Ohio District by reVers-
ing the case of Charles l. DrelfuS against
the Union Savings Bank and Trust Company
to-day established d precedent which may
cause every trust company in the United
States to change the Endorsement Wmch
ii is customary to place on bonds
Dreifus received from Holman Co,
who afterward' failed, six bonds lndorsed
nv the Union Savings Bank and Trust Com
psny, as follows: -'It is hereby certified that
this bond Is one of the series of bonds de-
scribed in the mortgage or deed OF trust
within mentioned.
The Endorsement which was used was
drawn by skilful lawyers at the instance OF
the American Bankers Association to avoid
the liability which in the present case the
court has decided attaches to the trust COM
nanv The service which a trust company
nerforms as an indoTSer is merely that or
certifying that the bond is one of paruc-
ular series, and only a nominal Zee Is
charged.
many becomes liable for the security men
TONED in the deed of trust, it will mean
that instead of q nominal fee peing
charged every bond issue will entail a. large
sum being paid to the trust company TO
prevent overtssue.
The matter has been under discussion at
every meeting of the American Bankers
Association and it was thought that there
would be no possibility of a decision like
that of to-day The Union Savings Bank
and Trust Company, realizing that this is
ont the country are interested, Will carry
the matter to the higher courts