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TaÌˆgliches Cincinnatier volksblatt. [volume] (Cincinnati [Ohio]) 1885-1919, 1910-05-19

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The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
Mines and Mining Activities i'm Ore Districts of Utah
WORK RESUMED IN
T|NT|C STANDARD
Carbon DiOxide Gas Drives
Miners Away for Thirty
Six Hours.

The management OF the Tiptlc Stand
ard Mining company resumed shaft sink
Ing Friday evening, this work being the
first possible effort in the previous thlr-
ty-slx hours. The miners were driven
from their drills by the steady flow Of
carbon diOxide gas. something that has
occurred on previous occasions, but "
has mover taken the company so long d
time to rid the shaft Of this noxious gas
in order 10 guarantee the safety OF the
men employed.
While this gas Is troublesome, the Of
ficials are inclined to view IL philoSophlc-
ally. for the reason that similar expert
ences In mining properties of the state
have been recorded prior TO the discoV-
cry OF large orc bodies, and the present
condition OF the Tintic Standard work
leads f. J. RaddatZ, the general manager.
gas is reached there Will be big re-
sources for shipment. The shaft is be-
ing sent from the I00-foot level. and II Is
breaking through a badly assured zone
which brings the gas from below.
Carbon dioXide might be called the
most genial of ali dangerous mine gases.
for I'm spite of its dangerous character
and evil effects upon life IT. gives ample
warning OF its presence. II refuses 20
hang around and not make its presence
known until n disastrous explosion oc-
the miners scramble out until II is forced
to the surface and pure air has taken It's
place. Mr.. RaGdatz believes the gas is
generated by the action OF wet sulphide
ores upon the surrounding carbonate OF
lime formation
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
COLUMBUS OPENS A
NEW BODY Of ORE
Four Feet of Full Face Will
Ship at Least $50 Net
Per Ton.

4 weil-deflned rumor was going the
rounds Saturday that the Columbus Con
solIdated management has just encoun-
tered an ore body of much promise on
the lower level Tho report has IT that
there Is a fun breast OF ore in one drift.
four feet OF which carries copper sold.
silver and lead to such generous extent
that the rock viii ship az least $50 net
per ton. This ore Is the od-timc rich
Columbus material. and there are plenty
of chances for the ore TO swell TO good
dimensions when the drift encounters the
contact towards which work is now be-
ing done.
The mill OF the company is now oper-
ating three regular shifts daily. and the
product is about twenty tons of conccn-
tratcs which net the company better
than SEQ per ton. This branch OF opera
tions is more than meeting running eN-
penscs while there is a good accumula-
tion of ore at the mine being sent down
now as fast as tho teams can transport
it. In case the property opens as insiders
expect il will within tho next fifty or
seventv-fiVo feet OF development, there
is little question but what the conditions
will be better than they ever have been
with the organization
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
BULLS HAVE INNING
ON EASTERN MARKETS

James a. Pollock & Co, bankers and
brokers, furnish the following. received
over their private wire yesterday after
noon.
Paine Webber & Co. Letter. Boston
The market certainly presents an appear
ance Of underlying strength which Is
encouraging TO the bulls. Transactions
are still small. but the traders have
changed their positions and are work
ing on the bull side. We expect TO sec
slightly higher prices In the early part
ot next week We think a quick turn can
be made by buying Lake, North Butte,
Indiana, Amalgamated and Butte Coall-
tion around closing prices. We are still
OF the opinion, however that we shall
have a dragging market for the coppers.
and would take advantage of any rally
I'm the middle Of the week 10 sell stocks,
Logan * Bryan Stock Letter. New
York-Stocks opened strong today and
held firm throughout the session until
just before the close, when the market
eased fractionally on what was reported
TO be a little profit taking The wheat
market begins to show evidence OF bet
ter crop conditions. and this may. in part
explain the present strength Of the Sc
curity list News developments through
out the day were of but little Importance.
The bank statement made very good
showing. Quite a number OF the bulls
are predicting better prices for active
issues next week.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
TAKING STOCKHOLDERS
INTO THEIR CONFIDENCE

The campaign for publicity as To the
operations OF mining companies which
invite the interest OF investors. ana
frankness In communicating all of the
Information to which stockholders are
entitled. slowly but surely gains mead
way The last reports OF the Utah Con-
solidatcd Utah Copper company ana
North Butte arc about all that even the
most captious and inquisittve persons can
ask In each case the directors have not
only reported fully as TO their operations
for 1909 but also have described with
much detail the condition OF the mines
and have outlined the probabilities for
the future. says the Engineering and
Mining Journal
Both the Utah Consolidated and the
North Butte companies have incorpor-
ated In their annual statements the
reports OF mine examination by an indie
pendent engineer This should always
be done Every mining company. no
matter how honest be It's management
and how thoroughly deserving OF confi-
dence ought 10 employ an entirely In,
dependent engineer To make an annual
inspection OF the property and report
directly 10 the board Of directors.
The Utah Copper company has al
ways been explicit with respect 10 the
matter OF It's ore reserves. Criticism OF
this company has been especially di-
rected toward its methods Of hookkeep-
ing The directors have this year met
these criticisms by submitting the analy-
sis Of Independent auditors.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
Famous Producing Section Has
Attracted WeIl-KnOwn Utah
Capitalists.
OWN GOOD GROUND
ON THE KNOWN ZONE
Drilling Will Start Within Two
Weeks and Good Results
Are Expected.

In the activity Of the Magnolia South
ern OIL company OF the Kern river field
of California Salt Lake talent is begin
ming to make its influence felt IN another
industry now attracting attention the
country over. The Kern river field is
about forty miles distant from the new
gusher field OF California. and within
its boundary lines up TO date there have
been 400 wells driven. and not n dust
err or dry we'll in the lot. The field
has been producing for many years, and
It's total output up 10 date is over $9O.-
600 900.
Northwest from the original heart OF
the field the producing section is being
extended daily and II is within this new
section. with new wells being brought
into play as drilling continues. Is the
ground Of the Magnolia Southern COM
pany. consisting OF twenty acres OF terri
tory on what is known as section IS
The property has Just been visited by
r. ]. Evans and j. III, Pape, who were
sent there by the local people interested
10 examine and report on the prospects.
These gentlemen without hesitation
pronounce the ncld one of the most cN-
tensivc ever known. and one whose pos
sbilities have by no means been ade-
Quatcly gauged up TO the present. Wells
which began producing twelve years ago
continue their steady flow of oil. and
all the more confident OF their ground is
the production class. To see photo
graph OF the district Is TO discover n
vCritabe forest of derriCkE. as 1900 wells
make a respectable showing. The Kern
field has never been the scene Of a boom.
and the majority OF tho producing com
pauies have been brought Into the divt-
dend class withous Issuing share OF
treasury stock.
Among the salt Lakers interested in
the Magnolia Southern arc r. s. Connor,
who first brought the proposition 10 the
attention OF local people. II. J. Evans. j.
H. Pape, Ben y. Luce. Col. George w. II.
Dorsey ]. a. Kirby, II, II. t1ornforth.
W. j. Craig. r. +. Wicman, Fred Dern,
Duncan MacNichie. 4. w Cooley. j.
r. Schreck. NJ. r. Evans and w. III. Web
bcr
MIR Webher and associates Of Nevada
for a considerable period have been IN
tercsted i'm this field. and their company
now has eight flowing wells. The COM
pany after cutting everything in two
I'm order 10 guard against adverse condi-
tions. Is laying aside nve per cent per
month on the money invested. Mr.. Web
ber saws the Kern field is the greatest in
the world the fact of its being steady
producer tried by time being the best
item in its favor
The Magnolia Southern company is
preparing its equipment now. and actual
drilling will be started in two weeks or
less.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
HARD TO FINANCE
A COPPER COMPANY
Depreciation of Stocks Forces
Present Owners to Hold
on to Them.

Pulling teeth from n hens jaw, or
splitting humblc-hee fuzz are easy tasks
when compared with financing any sort
OF n mining proposition, especially a
copper proposition, in the east there
days" remarked n wcll-known mining
operator on Saturday, who returned re-
Gently from New York. Two years ago.
be continued. ''thc east met you with
open arms. and copper was an open So
same TO the most retired of inner cir
cles. Now, they tell you OF the slump in
stocks while copper accumulations have
assumed formidable dimensions
LAS one man OF largo affairs put the
case. the majority OF the men with mon
ey are nursing their securities with rue
ful faces. Were they compelled TO raise
money for new investments they would
be forced TO dispose OF their present Sc
curities at loss OF from fifty to seventy
hve per cent and that is asking a man
10 do something just to set money TO
drop into a copper prospect. ! md con-
ditious so much better In the west than
in the east as a rule that a man feels
himself growing cheerful when he begins
TO detect the sagebrush odor on the
train"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22

suit against the City Rocks company.
Anaconda Copper company is producing
copper for surprisingly small cost per
pound. East Is beginning To feel that
the present copper surplus is not such an
alarming item as supposed. Maurice NJ
Johnson reports that he has financed the
Tyrone Copper property In New York.
RSOAY-Prominent Wall street
man says there must be a general back
ing up on the part OF the country. Salt
Lake owners Will proceed 10 reopen the
King OF tho Hills property in Idaho,
which has been Idle for fifteen years
Mining Congress attitude on waterpower
sites Is given. Eastern markets free the
strong hold of the bear element. yet
business remains quiet Good reports
from the east received about the Ohio
Copper company. CIfr company trans
porting ores from mine 10 railroad at AZ
cents per ton cost, the traction train op-
Grating smoothly.
FRlDAY-Goldheld Consolidated COM
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
RISE AND DECLINE
Of THE PESS|MIST
Optimistic Feeling Is Taking
Place of Bleak Tendency
in Country.

The spread Of optimism continues. sue
ceeding the period OF gloom, which be-
gan to envclop the cast around the be-
ginning OF the year and was arrested
only by the postponement OF the Oil and
Tobacco cases in early August says j.
S. Bache 6; Co. OF New York.
The significance and bearing Of I'm
portant developments In a community IS
realized first. only by the most thought.
ful observers, And at first the rank and
nlc OF the business community pay little
attention to the conclusions of these
comparatively few unpreiudlced thinkers.
The majority OF business men are not
good Judges of the trend OF events. Their
observations are confined TO their own
particular interests. II their business liz
good. they ignore any disasters or I'M
pending consequences which may be de-
vcloping elsewhere IL Is only when the
wave strikes at their particular occupa-
ton that they look up wondcringly and
recognize the seriousness or a general
situation.
II Is equally the case that when their
own business is depressed. they refuse TO
soc much hope ahead and become pessi-
mists as TO tho outlook, when at that
very moment relief may be coming on. ir-
reslStlbly.
Last November, when the adverse Stan
dard Oil decision was announced by the
lower court, the business world paid httle
heed to II. They were told that the con-
sequences OF this decision, IL concurred in
by the supreme court. would arrest all IN
dustry But months before. the Tobacco
case had been decided in the same way
by the lower court and nothing had hap
pened I'm consequence. Business had even
grown steadily. They saw no reason why
this second decision should make any dif-
ference.
Later on towards the middle OF jan
uary, the DrOphcsicd effects began 10 be
felt. Business began TO fall off. stocks
went down. and the rank and file sat up
and listened. The depression increased as
the time approached for the supreme
court decisions Each Monday was bluer
than the last. The far west had not yet
begun to consider the subject and busl-
ness was still booming there but the de-
preston extended all over the east.
Then came the supreme court an
nounCement OF postponemcnt. business
men We're told by the thoughtful few
that II the crop position proved favora bic.
they would have good year. They were
too depressed 10 believe it-thcn.
But almost at once the hcavIness OF
business began TO lift I'm the east and con-
dltions have been steadily improving
eastern centcrs and has been extending
to tho interior and TO the west. where
now some reaction is felt. This will soon
spend its force. Barring new adverse oc-
and favorable money and financial situ-
alton. AS this approaches Its end and
II nothing Is done 10 amend the Sherman
antitrust act. the sitting OF the supreme
court i'm tho fall Will again be the signal
FOR renewed distruSt and distinct deprcs-
gin 10 await once more the great deci-
sions, with anxiety.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
What Has Happened During the Week

MONOAY-Annual meeting of the Sill
yer King Coalition Mines company held
AT which all former OFFICIALS were elect
ters Into contract with the Knight inter-
ests for electrical power Superintendent
Jack Welch interviewed on Mason Val
ley mine conditions. Ohio Copper finon-
cial plans so far advanced that Manager
Mcintosh leaves for the east to place ma
chinery orders. East Jarbdge is latest
mining camp of Nevada. The first quar-
terly figures of the Goldfcld Consolidated
are given.
TUESOAY-Copper production OF 1909
given by states. Utah standing fourth
en- Sunbeam mine Of Idaho will Increase
It's mill capacity. Daley brothers for
many years IN the employ OF the Silver
King. will retire owing TO bad health
Pioneer OF Gold Circle district tells OF
camps progress,
WEDNESDAY-It is reported that
Utah Mines Coalition company Will brinG
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22

pany ships out l J tons OF pure gold per
month. says l." D. Gordon I'm an Inter
view Manager OF City Rocks company
reported suit Garfield smelter capacity
being increased. 80 that plant VIII have
output of 800 tons OF metallic copper
daily Iron Blossom opening good ores
at depth Governor property Is being
by the Iron Blossom drift.
Cedar TaIisman company begins hauling
of ore to the railroad April copper tom
mage OF Chino company given. Utah
Copper and Nevada Consolidated COM
panies have sold their output until July
SATURDAY-Salt Lake investors be-
come Interested In California oil field
Manager Webber gives interesting In
terview about the Nevada Hills company
Optimism In the east is much more pro-
nounced. Usual dividend is expected
from the Goldheld Consolidated company
at the quarterly meeting OF directors next
Thursday. Columbus Consolidated COM
Pany encounters good body OF ore.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22

FORENOON SALES.
Cedar Tallsman 1000 a 93c
Iron Blossom, 700 al 90c: 200 at 9lc;
1000 at 92c buyer sixty days.
Nevada Hills, 100 at Sic; zoo at SIC;
500 at SIC.
New York. 1000 a, SC: 500 at 5tc. =. -.
Seven Troughs 1000 at &c,
Silver King, 800 at $3.50.
Utah Con. 1000 at i4c.
OPEN BOARD.
Carisa. 1000 az fSc.
Cedar-Talismau, 1000 at SIC.
Colorado. 80 at SEC.
Columbus. 100 at iSc.
Crown Point. 1000 at 1c.
Iron Blossom. 500 at Ole.
Mineral Flat, 1000 at Sc.
Ohio Copper. 100 at $2.925.
Silver King. - at S2.30.
Silver King. 200 at $40.
South Col. Con. 500 at 9c.
TOTALS.
Regular. 10 200 shares at s41$3.50.
Open board. 1875 shares at S4420. so.
Total shares. 2SJ25. for SS59f.
WEEKS TOTALS,
274.962 shares at S74.099.5S
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
CARISA WORKING IN
FIFTH LEVEL LEAD ORE

ON the 500-foot level Of the Carisa
property the management Is reported TO
be working on two feet OF lead ore, and
a shipment OF the rock is being prepared
for the local market. The management
at the present time Is centering develop
ment on this level, working several faces.
one of the most interesting being the
raise in the cave encountered some time
ago. This cave In places is twenty feet
In width and the task OF exploring it for
ore is very fascinating procedure.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
TINTIC COMBINATION
GOING AT GOOD CLIP

p. II. Bullock, general manager OF the
Tintic Combination, is In the city and
says that they are doing excellent work
on his company's ground. The main
working shaft Is down 220 feet from the
surface and at that point they have
sent a drift into the high mountain
about 300 feet II IS estimated that
they now have depth of Approximately
400 feet from the surface, and the
forces are now into AN iron formation
which gives promise OF opening up into
pay shoot within o short distance from
the face OF the drift.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
BETTER FEELING ON
THE LOCAL EXCHANGE

In spite OF the rather quiet week Just
closed. and the fact that some of the
old tavorites continue to maintain weak
prices there is n feeling Of encourage
ment on the local exchange and a bet
ter week is anticipated Yesterday morn
ing %, g25 shares OF stock sold, the mar
ket value OF which was SS6Oi. which
brings the weeks total to eIi.962 shares
sold; value, S7i,099. 90 The following
were the weeks closing unlisted and
listed stock transactions:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
Nevada News Agents.

Nevada News Agent5.
H1uvard-A. c. Pesco.
Coidfield-Louie Polin.
Hawthorne--Louic Pollin.
Kimberly-Sheldon Lowney.
I.ovclock-Blblc Bros.
Alidas-Mrs G. A. Harrington.
whidc-Jouic Pollin.
Eeno-IIotel Golden News Stand; Ro-
genital e Armanka; Shepard & Son.
Ycrington-F. NJ. Burner
IVinnemmuca-Pearc rec x Chase.
Cobre-Richard Richards.
Cherry Creel-Grey & Collins.
Elko-Wheelcr & Co.
Ely-Grace 3. PaXon; Harville Station
cry Co.
McGill-M. Herman; WALDEN G Bur-
nett
Phyolitc-The Crescent.
Pioche--Pioche Drug Co.
Caliente-John Shier: Thomas Him
street
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
THE BOOSTER
The Unto Date Business Man

NaIts Ine pe9. w iG oi'i opIIlneu III 1pc
plies
OF course the logical place to look TO
for such accommodations il the Grocer
Printing Co. on West Temple.
We claim first place in all such work
including printing. ruling. binding and
engraving and ali work is delivered
when promised.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
Mining Notes.

Rober. Brown. superintendent Of the
Centennial-Eureka company. is IN the
city from Tintic,
General Manager Oliver. of the Utah
Apex company. was in Salt Lake Satur-
day from the mine At Bingham.
c. w Heintz. general manager OF the
United States Smelling. Refining ard
Mining company, returned last night from
trip to San Francisco.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
CHARMS OF THE MASON
DISTRICT WELL HANDLED

y. G.. Kidder. the Salt Laker who is
doing things right in the Mason dis
trict OF Nevada, has prepared and sent
broadcast splendidly prepared and
forth the great diversity Of the resources
OF that rich section of Nevada Due no.
tice Is given the Nevada Douglas, Mason
Valley. Blucstone and other mines OF the
camp OF the railroad and smeltsr while
the agricultural assets Of the Mason.
Smith and Antelope valleys are given
the attention that is their due. II is a
good job throughout
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
REMOVAL.

Smith {; Adams. manufacturers OF
Tents and Awnings. have moved TO
Their new building. 225 Edison st. Bell
1854 Ind. 1894
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
BOSTON MINING STOCKS.
Orc and Bullion

The ore and bullion report for Saturday.
given by Mccormick & Co., was as fol-
lows; Ore received, 10000; bullion ship
ped. $50 900; total. 500 000
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22

Humors of all kinds arc prolific of
worse troubles They NAV he expelled
by thorough course of Hood S Sarsa-
parjlla
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
notice.!

Burton Coal and Lumber ca
will move their 1potown office q
Yards. 651 South Third West SUI
March I. 1910. Phones sos. I
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
Boston Copper Stocks.

James 4. Pollock e. 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, 1910-05-22
San Frsnc:sco Mining Stocks.

SAN FRANCISCO. May 21.-The Off
cial closing quotations for mining stocks
fndaN ucre q follows.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
Metal Market.

The metal quotations for Saturday
posted by Mccormick & Co, Were as toi-
lows: Silver, 6SIc; lead 81 40. copper
t. 9-l6c.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
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, 1910-05-22
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, 1910-05-22
Ore Shipments.

The Utah ore SampliDg company OH
Saturday released ten cars of ore from
Utah camps.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22

NEW YORK LISTED STOCKS.