davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
HAD RIGHT TO RELY
UPON OLD REPORTS
Scientific Journal Comments on
the Present Squabble in
Utah Cons.

The Utah Consolidated Mining company
is tho last big mine TO get into trouble
over orc reserves, says tho Mining d.
Scientific Press. The price Of shares has
dropped from $79, the high mark OF Janu-
airy. 1907. TO si5, and profits per share
from s9,46 in 1906 to so,51 In 1909. Some
of This decrease is properly charseablc to
the lower prevailing price OF metal, some
to the necessity for dismantlins tho COM
panys smeter. and some to the decrease
in the metal content OF the ore. Tho
zoo, ,aS3 tons mined In 1905 yielded at the
rate OF 62.4 pounds OF copper per ton,
with ounces OF silver and S2.sI Of gold.
In 1903 the corresponding figures were 80 q
copper 1.07 silver, and sl.5i sold.
nese facts alone would be sufficient
is however, the further matter OF re-
vising estimates of ore reserves. Accord
ing 10 statement issued by Mr.. u. II.
Broughton, presden, Of the company, Mr.,
j. b. Risquc, TIL recently the manager,
estimated the reserve at 123Id7o tons
early this year, This estimate was
checked in February by Mr.. j. w. Finch.
who placed the amount at 1.12l. $50 tons,
mined, Mr.. r, Fl. Claiming, on his re-
cent return 10 the property after an alb
senCo OF a few years, questioned these
figures, and Mr.. c. c. Burger was en-
ployed TO make a new examination. On
the basis Of reports by Mr. Charming and
Mr.. Burger the reserves arc now placed
at 100000 tons. averaging 2,S2 per cent
copper. $3.50 gold. and 0s5 ounce silver.
From the large tonnage shown by mine
maps and records TO exist, but now in
accessible for inspection, II Is estimated
that 100000 to 25o.o00 additional tons will
be recovered
1t is difficult 10 reconcile these conflict
ing estimates despite the high standing
of tho various engineers concerned, Evi
IDENTIFY the principal difference Is In opin-
Ion as 10 the amount that may be re
covered from the workings not now sc-
| ccssihle. The only evidence upon which
Mr.. Risduc. Mr.. Finch, and The Others
could base an opinion consisted neces-
sarily OF old maps and records. some ot
which antcdntcd MIR. Risuue's admins.
tration. IL they Hcro inaccurate ard un.
trustworthy, former managers of the
property arc the ones at fault. II tho
data were accurate but were wrongly
used, one or the other OF the sets OF cX-
an1ining engineers has made serious
mistake. Pending explanation by ,hc
men concerned II is well To suspend judg
ment, though tho incident emphasize;
anew the extreme danger Of any cngI.
neer basing estimates upon figures fur,
| nished him by another.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
LITTLE LIFE IN THE
MARKETS OF EAST

James A. Pollock & Co. bankers and
brokers, 3S3 $50 South Main street. fur
nish the following. received over their
private wire Yesterday afternoon:
Paine. Webbcr & Co. letter. Boston
The session today was one of extreme
dullncss in both markets. Prices grad
ually segged during the morning hours
and rallied AT the close to practically
last nights high, Even the floor trad
crs were unwilling 10 do business to-
day, and tho result was absolute stag
this level so long in the face OF bad
news that 1t is practically certain the
next move will be on the upside.
Logan & Bryan stock letter. New
was about as yesterday Operations in
the forenoon were on very small scale,
but later a selling movement carried
prices OF the active issues moderately
slight rally cnsucd,- followed by a re
ccssion near the close. Discussion for
the most part was centercd on the re-
cent supreme court and other appoint
ments, without the same having a ma
tcrial effect on either sentiment or trad =
ing a decision in the Union Pacific
Southern Pacific merger suit to be rem
dcred by tho United States court OF ap-
Is expected al almost any time. and the
same is apparently awaited with inter
est. Considerable talk is heard OF an
adjustment in steel prices but IN that
connection nothing official has been an
nounccd II is likely prices will fluctu-
ate within comparatively narrow
range, in view Of tho fact that profcs-
sional rations constitute tho bulk of
the trading. and. as expressed quito
often We don't believe a material sd
vance is probable under existing con-
di1icus.
HornhloUcr letter, Eoston--'rrading to-
dav was very limited II is believed that
hu"ing on 2 scale from this level VIII
show To good advantage later on.
Gallagher saws: New York curb mar
Set TODAY without any particular fea
lures. The list off q fraction To0op'h Il
Belmont and Yukon Gold up L. Amsri-
can Tobacco and Standard oil steady.
and Inter Continental Rubber strop-
around 70.
New York Sun SAYS: Dealings were
light during tho greater nart of tho ses-
sion, and the list of stocks traded in
was rather limited. Price moved ir
regularly. Traders covered in tho latter
part OF the afternoon. and their nur-
chases, assisted by some buying for q
turn. carried prices up above tho level
OF last nights close.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
ELY MAN EXPLAINS
SILENCE OF G|ROUX
Several Things Given Which
May Account for Lack
of Reports.

The eastern press is again nndins
fault with the officials OF the Giroux
Consolidated company over the silence
surrounding the development of copper
ore tonnages. this being one Of tho COM
panies that never has gone in strong for
reports. That there is some reason for
this doubtless exists. and the action or
non action OF the directors can hardly
be attributed with fairness to desire
to let stockholders know nothing OF what
is going on.
There was a prominent Nevada mining
man in Salt Lake City yesterday. and he
accounts for the Glroux silence In the
following manner,
1T Is known" he stated. that the
GirouX interests have been securing
many Of the smaller propositions OF Ely;
TO do so required considerable silence ana
tact Whether or not the company is
through with this feature OF its affairs
Is not known, but II would never do 10
come out and admit just what its plans
were while there remained something
incident 20 the same uncomplete6.
The company. too. has been engaged
in equpping the mine extensively. 1t
has not reached the era OF production,
and considerable amount Of mine de-
velopment had 10 be done. These In
terests have not worried themselves
about the market. The stock has taken
care of Itself, and the officials them
selves would have had 10 stand back Of
the stock had there been any desire 10
make IT attractive speculatively. And
under these circumstances they would
have come in for n great deal moro
criticism than they nre now standing
through the lack OF reports. This Is the
case with the Giroux. as far as ! can
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
Significant Statement Is Made
by Hayden, Stone and Com
pany Recently.
PREVAILING IDEA
NOT PROPER ONE
No Reason for Consolidating
Mines Far Apart and Wide
Iy Scattered,

What is undoubtedly the most impor'
tant bit of information anent the much
discussed gigantic copper consoildatloh
Is that contained in recent statement
issued by Hayden, Stone g. Co, in which
no merger as has been pictured by the
country is considered likely by these in
terests. The close connection OF Hayden.
Stone & Co. with the so-caled porphyrics
gives decidedly important ring to their
statement, which In part. follows;
Periodically. and somewhat spasmodi-
csly, there appears in the press great
deal OF talk about copper consultations.
This was most pronounced about year
ago this month, when some articles went
so far as even TO give the terms on
which various shares of Leading copper
companies were TO be exchanged for
securities in tho new consolidated com
pany,
Recently this consolidation talk has
been again active.
We wish 10 advise our clients that We
do not believe that any consolidation OF
the four leading copper producing inter
es.s is planned, contemplated or con-
sidered nor do we believe that anything
material would be gained By the consol J.
dation OF properties, widely scattered AS
TO locality. in which there would be no
great operating economies from single
management,
There must be and WIN be, from time
10 time. a number OF small consoiida-
;ions of contiguous properties, or the
absorption by parent companies of the
physical property of companies OF which
they own stock control. We do not think
that such transactions will have any
sudden effect on the properties affected
any moro than did the absorption by
Anaconda OF the other properties in
Butte. In which the Amalgamated peo-
pie were interested.
But what is more important TO tho in
yestor in copper stocks Is q knowledge
OF whether he has made a good invest
ment in particular stock, and whether
the situation OF the copper metal market
is such that an investment in copper
stocks in general appears to be desirable
In that connection VIC might say that
in our opinion. the copper metal situa
tion. as viewed from the standpoint o
the producer, is better today than il
ever has been. and We see no reason why
IL should not continue to improve. From
the standpoint OF consumption we thinl
that, taking the general situation into
consideration, the consumption has beoI
quite satisfactory the past year.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
LOCAL MONEY To
ERECT A MILL
Salt Lake and Portland Men
Have Lease in the Jar
bidge Camp.
CAPT. TIBBETS HAS
ISSUED A REPORT
Enough Ore Developed to Justi-
fly Plant of Fifty Tons
Capacity.

Salt Lake and Portland mining mon
nave secured what Is known as the
Fletcher lease on the North Star No
claim OF the North Star Mining and Mill :
Ing company at Jarbidge, New. This
property was visited and inspected re-
Gently by Captain Q. =. Tibbets, who has
prepared a report OF the camp and this
lease in particular The captain believes
Jarbidge Will make a safe and solid mill
ing camp, and on his report the lease
owners feel justified In the erection OF a
milling plant to treat the tonnage en-
posed and virtually certain TO be devcl-
oped by the future operations.
Regarding the lease. this report says:
THE Fletcher lease is explored by two
tunnels. No. /, 2l0 feet. and No. =, 200
feet in length. with various crossculs,
raises and winzes. This work has dis
closed nn assured orc body ia feet long,
Is feet wide and 20 feet high, containing
ore. In making this estimate, | do not
count on the orc showing in the lower
tunnel nor on the outerop in the promii,,
nent dixie al the surface, which would
aggregates At least 1000 tons.
This orc body has been sampled sew
eral times by different experts. showing
my samples to check this work show an
average of SlS.03. Tnc character OF the
ore is very friable quartz, easily mined
and crushed and showing as yet but very
btUc sulphides. The Tetallurglcal tests
on the PavIak ores demonstrate that the
values are readily amcnaolc 10 a com
hination of amalgamation and cyanide
rsca tmenl and The same process doubt
less NIL apply TO the North Star product,
as the ores arc almos, Identical.
The showing of ore In This ground
OF from fifty 10 sixty tons daily apscity.
and Will certainly repay the necessary
OUTLAY for the equipment.
In conclusion, the report SAYS
OF the North star No. Fletcher
lease. | desire to say that there are no
chances 10 take, as sufficient value Is IN
sight Ia repay the necessary cost Of
equipment. leaving fair margin for
profit. and YOU have thc possibilities OF
The ground 10 The south. which will an
dcuotedlY develop additional orc reserves.
II lS simplr q business proposition.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
ANNIE LAURIE PROPERTY
IS ORDERED SOLD

The petition Of 4. A. Bell. trustee in
bankruptcy for the Annie Laurie mine.
tioniue tho court 10 order the receiver.
r. W. SevH. 20 turn the property over to
the trustee vas denied in Judge Chris
tensens court here TUESDAY.
I'm imposing array OF legal talent was
pressn; during the Nearing OF tho petit
tion, Captain T. Wedgewood represent
ing Tho iienors. r. w. Crane. Ir.. Attor-
ncN Gillette of Brayton & Gillette, repre-
Sentiug thc trustee in bankruptcy, John
g. JorEenson. representing the receiver
and j. w. Cherry OF Mount Pleasant.
After hearing tho arguments on all sides
the court ordered the property to bc
sold 20 the highest bidder. at the court
house in Eichfield on Thursday. Decem-
Der %. 10 satisfy the mechanics lien
amounting 10 $4,000 and other claims
amounting TO Sllo. 600. making in ali a
total of SI3l. .000.-Sevlcr Times.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
MONTGOMERY -SH0SH0NF
REPORT FOR SEPTEMB Der

r.. r. Marsdnn, treasurer Of the Mont
gomery- Shoshono Consolidated company
has issued report tn stochholders foi
the month Of September. The total re-
ceipts for the month were $2o,o1as2; ey-
penses. $50 229,S leaving gain oi
s47s051. The inde eh'edress of tho conf
nany with nrcrund interes. 10 date was
sso1 ,02o 81. This company has not closed
down the mine and mill as was reported
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
Mining Notes.

The Uncle Sprr books closed yester-
day on the dividend. payable December
90.
l.. G. Burton left Yesterday for the
INLAY property 10 begin pumping out the
minc. preparatory TO resumlDg develop
mcnt work.
The Uuion Chief company on Tuesday
received sl152 for forty-five tons of ore.
the second lot to be shipped to the local
sn1nllnrE
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
Nevada News Agents.

Nevada News Agents.
Bauvard-A. c. Peseo.
CoIdfeld-I/ouie Pollin.
Hawthorne-Louie Pollin
Kfmberly-Sheldon LoWney.
I.ovelock-RIbla Bros.
Midas-Mrs. C. A. Harrington
Rawhlde-Louie PoIlib.
Reno-Hctel Golden News Stand: Ro-
senthaI Armanka: Shepard @ Son
YeTingtou-F NJ, Burner.
Wiunemucca-Pearce e Chase,
Cobre--Richard Richards
Cherry Creek-Grey & Collins,
EIko-Wheeler d Co.
Ely-Grace 3. Paxton; HarviIle Station.
ery Co.
nett,
Flyni;e-The Crescent.
pinchc--PIoche Drug Co.
CslIenie-John Shier: Thomas Him
a'~nes
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
UTAH COPPER COMPANY
AND NOVEMBER OUTPUT

The definite figures of production Of
the Utah Copper company for the month
% November Will be released during the
ton as in October is expected This
VIII be in cxooss OF I,5S0,000 pounds.
giving total for tho first eleven monthe
OF the year of over 81, 900, 400 pounds. or
approximately 90.000.000 for the whole
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
No CHINO FINANCING
UNTIL SPRING ARRIVES

Eastern circles close to the Chino com
pany assert that there ia no likelihood
OF any additional financing OF the COM
pauy until spring, and no consideration
nothing definite is known as TO the plan
TO be pursued when more money will he
needed. The company now has sI5e.o0o
cash In its treasury.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
NORTH UTAH HAS NOT
DISPOSED OF IT'S MILL

". d. Bohm. general manager of the
North Utah and Markham Gulch Mill
companies. stated on Tuesday that no
disposition had been made of the mill
nor any policy yet determined as 10 the
orc I'm the mill The company is carry
ing out some test runs which. il trans
portation tonnage and some other i'm
portant questions are definitely settled
may result in business, Just now. he
stated the whole matter Is In its very
earliest stage.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14

Worse than an alarm of fire at night
is the metallic cough of Group. bringing
dread to the household. Careful moth,
crs keep. Foley's Honey and Tar in the
house aud give IL at the first sign Of
danger. IT contains no opiates.
Schrs MN ohnson, Drugs. five stores.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
TINTIC ISSUES LIVELY
ON EXCHANGE TUESDAY

A number of the Tintic stocks oc
cupied prominent places Tuesday on the
local exchange. and the day was a good
one from the standpoint of business
transacted. \ total Of s1,l0o shares Of
stock sold, the market value Of which
was S15.133. The following were the
closing unlisted and listed stock trans
actions:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
FORENOON SALES.

FORENOON SALES.
Ccdar-Talisman. 5000 at 1lac; 1900 at
1.c.
Colorado. 200 at 4c 50 at 4oc.
Crown Point. 500 at 5c.
East Crown Point. 1000 at lc.
Grand Central. 100 at 85c
Iron Blossom. 700 at 71c, hoo at 15c
Lower Mammoth. 1900 at fsc.
Nevada Hills, 300 at s2.125
Ohio Copper, 100 at 81 80.
Silver King, 100 at S1.7o.
South Columbus Consolidated 500 et
10c.
Swansea Consolidated. 2ooo at &c.
Tiutic Central. 5000 at 73c.
Tintic Empire. 5000 at 4ic: 1000 at 4sc
Uncle Sam. SOC at 49c; 100 al 4oic, 100
at 4Ssc
Utah Consolidated. 1900 at &c.
Shares sold 31,150
Selling value. $4S75.
OPEN BOARD,
Colorado. $3.50 at A0c.
Crown Point. 1000 at SIC: buyer sixty
days.
keystone. 500 al 4c
Lower Mammoth. zoo at 13c; 1000 at
l2dc.
Ohio Copper, 100 at 81 50. .''
Tintle ,rt,k so.nbination, Con 1nao, 1900 1900 a. &C.
Shares sold, l2.ooo,
Selling value. $33o7.
AFTERNOON SALES.
Colorado, $3.50 at 4oc.
| East Crown Point. 5000 AT lie.
| Iron Blossom, 600 at 75c.
| Lower Mammoth. so at 14c; 1900 at 12c.
| Masonic Mountain. 500 at Soc
New York 1000 at &c.
Prince Con. 500 at 7oc.
South Columbus Con. $500 at Ioc.
Sioux Con-. 500 at 23c,
Tintic Central. 800 at &c.
! TIntic Empire. 1000 at 4sc 5000 at Sc;
( 900 at SIC.
Uncle Sam. 400 at 4sc: 500 at 4ssc.
Utah Con-. 1000 at &c.
| Shares sold. 81 500.
| Selling value, S3sI5.
OPEN BOARD
| Colorado. 400 at 40c.
Columbus Consolidated. 800 al zoe.
! Iron Blossom. 900 at 75c; G5o at 1sc.
| South Columbus Consolidated, 1000 at
! lohc,
Tintjc Central. 1000 at &c,
Lower Mammoth, 1900 at l1lc; 500 al
i2c; 1000 at l2ic
4 Shares sold l2,450.
II Selling value, S3075.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
Copper Exports

| rhe copper exports for November, re-
celyed over the Pollock wires OH Tues
| day. totsicd 3Q.i41 tons. against 2i,02&
] Tor the same month of last year,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
Metal Market.

The metal quotations for Tuesday,
rosted bv Mccormick G. Co. wcrc as fol.
lows: Silver. 5isc; lead, $3.50; copper.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
San Francisco Oil Stocks.

James A. Pollock & Co. hsnkers and
brokers, furnish the following. received
over their private wire yesterday after
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
Nevadas in San Francisco,

James A. Pollock & Co.. bankers and
over their private wire yesterday after
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
Boston Copper Stocks.

James 4. Pollock G. Co. bankers ant
brokers. furnish the following, received
over thoir private wire yesterday after
noon
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
Ore and Bullion

Ore and Bullion.
The orc and bullion report for Tucs-
day, given by Mccormick &: CO., was as
follows: Orc received, $40. 400: bullion
shipped $3.50 600: total. $500. 600.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
New York Mining Stocks.

James A. Pollock &c 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, 1910-12-14
San Francisco Mining Stocks.

SAN FRANCISCO Dec 13.-The Of
fetal closing quotations for mining
stock today were as follows:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14
Ore Shinnanfs

Ore shipments.
The Utah Orc Sampling company on
Tuesday rcleased cars OF ore from
A,i,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-14

NEW YORK LISTED STOCKS.
The Detroit times., 1910-07-16
WATER MAIN BURSTS.
Factories In North End Of City are
Obliged to Close Down.

Residents of the north end OF the
city were without water three hours
Friday afternoon because OF the break
ing of 42-inch main In Sylvester-st.,
between Townsend and Baldwin-aves.
The break occurred about o'clock.
A crash and a roar was the first that
Inhabitants of the neighborhood knew
about 1t, and a column OF water shot
up into the air, the streams running
over the surface and flooding the
street and adjacent cellars. The water
board officials were notified and i'm
mediately shut of the pressure, but
much damage resulted.
Work of repairing the break was
commenced Immediately under charge
Of Engineer George II. Fenkell. BY q
o'clock il was possible to get water
at low pressure to the north end of
the city, but all the factories in the
north east section were compelled TO
close down, with the exception of the
Russell Wheel & Foundry Co., which
has a private supply. The ID. u. r..
was somewhat crippled. The break
was repaired at 10 o'clock Saturday
morning and water was on at normal
pressure by noon.
u
inches thick Engineer Fenkel said
Saturday that he was unable to ac-
count for the break.
"The pipe was laid in 1902" he said.
1T was tested TO 300 pounds pressure
before il was put down, and TO l25
pounds pressure afterwards. The soil
is clay and there were no signs that
IL has sunk away from the pipe. The
break was a new one. and there was
no evidence of electrolysis."
This is the first bad incident 10 the
mains since about three years ago,
when two breaks occurred within q
few rods OF each other in Jefferson.
ave-, about a week apart, and another
pipe burst at Gratiot-ave. and Ran.
dolph-st. The JeffeTson-ave. breaks
were ascribed to quicksand letting the
soil sink away from the pipes ana
weakening the resisting power. The
Gratiot-ave pipe was old.