davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
BELIEVES RED METAL
CONDITIONS PECULIAR

James 4. Pollock & Co. bankers and
brokers furnish the following. received
over their private wire yesterday after
noon.
The New York Sun says: Reaction in
the stock market was not allowed 10
continue tins morning: buying orders at
various points checking the effort OF
short selling as promptly as appeared.
For a while the list was somewhat IN
certain. within narrow range OF prices.
but before midday turned upward under
the leadership OF the readily manipulated
specialtles and more or less undstributed
issues. Western Union displayed renewed
strength The copper metal group was
again very strong. while Wall street was
filed with more OF the same KIND OF
bullish talk which has been heard lately
about a radical change for the better
having taken place in the copper indus :
try. II the change has occurred 1t would
be marvellous should II prove TO be en-
during, for prosperity in the copper in
dustry classically laes far behind In the
wake OF prosperous activity in practi-
cally every other line Of economic en-
deavor and IL would he abnormal should a
copper boom precedc expansion else
where,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
BIG INTERESTS ARE
REPORTED WORKING
Alta Merger Supposedly Backed
by Strong Capital in
the East.

Rumor has IT that the interests behind
the proposed merger in the Idttle Cot
tonwood or Alta mining district OF Utah
arc none other than Hayden. Stone 6;
Co. of Boston and New York. Granting
that this well known tirm Is enormously
connected With the merger, II can only
be said thai reports are so persistent
thar nothing out a positive denial from
the firm viii correct the impression pre-
vailing in Utah.
Among the properties mentioned In con
nection with this consolidation ale the
city Rocks. Prince OF Wales, South Hecla.
which recently was formed to purchase
the South Columbus Consolidated and the
Alta -Hecla properties the Utah Mines
These properties arc mentioned for the
reason that the control Of each Is sup
posed 10 be so held that they are in a
position 10 deal, The Columbus Consoli-
dated should DC In such "A consolidation
and probably VIII. hut the stock is SO
thoroughly distributed among the public
that less easy proposition here is pre-
scntod.
Eastern interests of prominence are
now in Utah feeling the situation out,
and that they evidently mean business
ncr In which they have begun their task.
Should the consolidation be brought
about II is the plan 10 drive long
be over mile In length. Such a tun
mel would serve two very valuable pur-
poses; 1t would tap the properties men
toned at great vertical depth. allow
ing complete and perfect drainage OF a
section now whose development Is re-
tarded by the lack OF these facilities.
Such tunnel would likewise open at a
point easily reached for ore shipments
down the canyon.
Alta at ono time was one OF Tho most
famous mining camps I'm the west. and
I'm the old days II had a very generous
production OF mineral "a its credit There
is no doubling that the camp deserves
the plans for deep work reported. and
that it will take a long purse TO place
tho mines OF the camp I'm a position for
operation Justified by their undoubted
merits
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
BUY C0PPERS. SAY
EASTERN AUTHORITIES

James a. Pollock & Co.. bankers and
brokers. furnish the following. received
noon:
Paine Weber & Co letter. Boston
The activity in coppers continued again
today and conditions all around are look
lnS better. Metal prices we're higher and
the demand for copper good. The pro-
ducers' report VIII be issued tomorrow
and is expected to hc very fayora bic
The producing interests are working in
harmony for both better metal prices
ana better prices for the copper stocks,
and we advise everyone to Join the pro-
ccssion and take advantage of the rise.
which Is surely coming. North Butte
was we'll bought all day. and Indiana.
Mass and North Lake were stronger.
Lake advanced easily. with little stock
offered. Range closed ga TO IS and
should jump a few dollars any day At
tGntion is turning to good producers.
WOLVERINE, and Osceola being the first TO
feel II. with an advance TO l25 and l2a
respectively, Euy coppers,
Logan and Bryan stock letter. New
Iork-The stock market displayed quiet
strength throughout the days session.
with advances general and the buying
Of good character Foreign news did
not receive as much attention as yes
terday. and the absence of any heavy
TO prevail. The short Interest is said to
have increased materially during the past
few days, and several large operators
who were reported as having sold stocks
freely yesterday. were said 10 have re-
placed their lines in a great part to-
day. The Hawley issues were very we'll
absorbed, particularly &, & O.. and bull
points arc being circulated on that issue
and Katy, and United States steel, des-
pite the rather conflicting trade reports.
has shown a disposition TO advance rather
easily. whenever the balance of the mar
ket becomes firm, and Amalsama ted.
Smelter and Utah Copper have held rcla-
lively well OF late. The monetary situa
ton is gtlll being closely watched as II
is feared that material expansion In
loans at this period would be quickly re-
Elected by hardening OF money rates,
but. OF course. bills Of exchange on a
larger scale will he circulate more freely
still feel. as expressed In our advices
the past few weeks. that the tendency
OF security prices will be toward higher
levels, and. therefore. advise the pur
chase OF standard Issues for profits. but.
as a matter of caution, would employ
the use OF stop orders and thus be pre-
pared against unforeseen developments.
Hornblower letter. Boston-The copper
list was strong again today. although
as in the past few days. There were
some good buying orders in North Butte
again from the SAME people, who have
been buyers for the past few days. Lake
issues were strong, The feeling is still
bullish and the best people are advising
buying on all weak. spots. The closing
was strong. with good demand.
Gallagher says: Chino. Giroux and
Inspiration were the strong features In
the copper stocks today. Chino touch
ing 2OI. which is new high record.
Miami and Ray Con. were steady. In
the industrIalS. American Tobacco was
off two points on limited trading,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
WILLIAM W. WILLIAMS,
JAMES f. LOCKWOOD
RIGHTS OF MINORITY
STOCKHOLDERS SET FORTH

DR.. E. r. Buckley. president last year
OF the American Mining congress, in
the course OF his annual address al Los
Angeles not long ago. handled the mat
ter of company reports and company
fairness to stockholders in the following
approved terms.
"The reports OF many OF the mining
mpanies are very meager as 10 earn
insS and reserves: because OF which
stockholders are poorly or not at all ac-
auainted with the condition OF the prop
critics in which they have invested their
money. What rights have the individual
stockholders in q mining company? In
what respect do the rights OF the mi
nority stockhoider differ from the rights
OF the majority stockholder? | conceive
that the least owner of stock is as much
entitled 10 know the standing OF the af
fairs OF a company as the greatest, The
suppression OF informat ton by the OFF,
GERS or directors from the stockholders
lis dishonorable and dishonest and should
be condemned by this body. | trust that
there may be some way suggested by
which this body can assist in bringing
about A better. safer, sounder condition
in the stock markets of the country.
may suggest that one way of doing this
is to urge upon the various companies
the importance OF issuing printed month
~ or bi-monthly reports covering in de-
tall the condition Of the property"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
SCHWAB To STAND
BY THE SROSHONE
Steel Magnate Will Assist Com
pany and Keep Work
Going Ahead.

There was special stockholders meet
Ing OF the Montgomery Shoshone Con-
soidated company in New York Thurs
day, al which was brought up for deter
minstion the future policy Of The orsani-
zation. For several months recently the
management has been unable to make
ends meet. running behind from month
TO month. but cleaning up a net profit OF
s54S.95 during the month Of July. At
that time the debts OF the company with
accrued interest amounted to S2l9sst.1S.
Al yesterdays meeting 1t was decided
10 continue operation. the principal cred
ltor OF the organization, Charles NJ.
Schwah, the steel magnate, agreeing to
advance further funds to place the mine
and equipment generally In condition TO
reap the merits OF the proposition. Mr..
Schwab became interested In the COM
pany during the first few months OF dis
covery His entrance To the Bultrog
district. in which the mine Is located.
was the first great encouragement the
camp received. and now that he has de-
cided to still stand by the Montgomery
Shoshone the biggest proposition the
camp has, IL will no doubt be OF tre
mendous encouragement 10 the whole dis
,riCt
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
PLANS TO SAVE
NATIONAL MINES
Committee Trying to Rescue
Company From Hands of
Bankruptcy.
NOTICE SENT TO
THE SHAREHOLDERS
Will Investigate the Physical
Condition of Arizona Mines
and Report.

strenuous effort is being made by a
committee Of stockholders OF the Ma
tional Exploration company. headed by
Frank p knight OF Boston, TO redeem
the proposition for shareholders from
the depths OF bankruptcy into which tho
concern has been thrown lately Any
successful outcome OF the issue Will no
doubt he duo 20 the efforts now being
made by this committee. and tho follow
ing communication has been received by
stockholders:
'.In view of the fact that the National
Mining Exploration company has by the
bankruptcy court for the district Of Mas
sachusetts been adjudicated a bankrupt
and receivers appointed for Its properly,
we have felt that it was necessary Tor
the protection OF stockholders that the
stock be gotten together under an agree
ment which would contemplate an carly
reorganization OF the company.
"Wc would say, in the first place, Tor
your information that. owing TO inc
United States statutes, the debts OF ihe
company. as we are informed by coun
sci. had 10 be stated as OF substantlslly
$500, 600. because in such debts were
necessarily included the outstanding
bonds. but the actual net debt OF the
company Is not much in excess or Sl3p,-
formed We are simply giving you this
information to clear up the misappre-
bension which: we feared. might exist
from the statement made necessary by
compliance with the statutes governing
bankruptcy proceedings.
I'VE are large stockholders ourselves ih
the National Mining Exploration COM
pany. and, IL goes without saying. are
depositing our own stock simultaneously
with sending out this notice with the
Old Colony Trust company under our
agreement. We shall Immediately set TO
work to investigate the financial ana
~, al of
shall al an early day report to you fully
thereon
Immediately upon receipt OF this notice
10 forward his stock 10 the Old Colony
Trust company. which trust company
will issue it's receipts. for II is essential
for the protection and preservation or your
property and It's speedy reorgsnSa ton
that concerted action be had along the
lines which we have indicated herein,
and We cannot too strongly impress upon
you the importance OF acting immediate
~ upon our suggestion and forwarding
your stock without delay.
FRANK P. KNIGHT,
Chairman,
WILLIAM W. WILLIAMS,
JAMES F.. LOCKWOOD
under the laws of the state OF Maine in
1905. The company Is the owner oil
three different groups Of properties. To-
Gated in ella, pinal and Graham coun-
ties, Arizona The capitalization OF the
company is 100000 shares OF stock, par
value 81 each. OF which I9S.0l3 shares
are outstanding In September OF 1909
a $500 bond issue was authorized,
which bonds are convertible INTO stock
at any time within TWO years from date
OF issue. In view az the increased in
terest in Arizona mining properties, and
the incident rise in property values, the
effort OF the stockholders TO save their
properties is very likely TO result favor
ably
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
VIEWS Of CLARK ON
COPPER PRODUCTION
Montana Magnate Believes Ri
walls of Butte Mines Will Be
Disappointed.
Special 10 The Tribune,

Special 10 The Tribune,
BUTTE. Mont. Oct. 6.-Sepator W. A,
Clark Gays there have been mines opened
In recent years whose sponsors claim that
they can produce copper cheaper than In
Butte.
1t is easy 10 skim cream from milk. "
he says. but when some Of these low
cost producers get deeper they will find
that the copper costs them as much as
II does the Butte mines. We have been
producing copper regardless OF market
conditions There has been overproduc-
ton, buyers have held of and the price
OF the metal has been depressed The
production rs not so great. ana there arc
only about fifteen large producers in the
United states and two or three in South
America and Europe. Tho producer has
realized that NE has made "A mistake,
and there Is an agreement as To rcstriC-
ton OF production. which agreement is
no; in restraint of trade"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
Total value of oil 10 bo
delivered Oh cnntraclS. 81 ~ rs. 90

Total value of oil 10 bo
delivered on contracts. 81 l522. I2S. 90
The above companies are taking this
oil az the rate Of about 40 600 barrels a
month. Well No. j IS producing { the
rate OF 1000 barrels q day. Well No. is
shut down tuntll the oil stored IS de-
lvered on The contracts) to save evapora-
ton and waste. IL producing 1000
barrels dav when shut down. Well No
2 Is down 2705 feet and No. is down
2752 feet. both In oil sand. These can
be brought in any time. Well No. Is
down 1890 feet. and Nos s, and are
in various stages OF progress. Plans for
an independent pipe line are being con-
summaied. which will take care Of al
surplus oil.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07

FORENOON SALES.
Ccdar-Talisman.- 1900 at l5c.
Bingham AmaIgamate 1000 at &c
Colorado. so at 34c.
Columbus, 200 at SIC: 100 at 3sc.
Lower Mammoth 1000 at Sc.
Ohio Copper, 100 at $40; 100 at s1.Ios;
800 at $1.75.
Opohongo 500 at 90ic
Sioux Con. 600 at Csc
Tintc Central. 1000 a &c.
Tintlc Combina ton 1000 at ic
Utah Con. 400 at o9c.
Shares sold. l1.15o.
Selling value. $lSSI.50.
OPEN BOARD.
Iron Blossom; S; 200 a, 75c.
Opohongo. 1000 at 20ic
Sioux Con. 200 at CSC.
Tintic Central. 1000 at 73c.
Shares sold $500.
Selling value. s1426.50.
AFTERNOON SALES.
Black Jack, 900 at 12c.
Cedar Talisman. 1000 at 15c.
Columbus. 100 at 3Sc,
Iron Blossom, 500 at T4c.
Nevada Hills: 100 al $2.32i.
Utah Con-. 1000 ct &c.
Opohongo. 1000 at 20c
Shares sold. 14,o00.
Selling value. s2l04.50.
OPEN BOARD.
May Day. $50 at &c: 1000 at 6ic
Opohongo. 100 at 205c.
Tintic Central $500 at 73c.
Shares sold. 1850.
Selling value. sl74460.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
A Generous and Charitable Wish.

81 wish all might know of the ben.
eft I received from your Foley's Kid
nev Remedy" saws /. n. Regan, Farm.
er. Mo, His kidneys and bladder gave
him so much pain, misery and annoy
ance, he could not work, nor sleep, He
says Foley's Kidney Remedy complete.
ly cured him. Schramm-J Johnson. drugs,
five stores.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
LOST PACKER ANNUAL is
SOON TO BE HELD HERE

Packer Mining company. has sent 10
stockholders notice TO the effect that
the annual meeting will be held In this
city on Monday. October IN. Al this ses-
sion the notice states. reports will be
submitted which will deal with the flnan-
cl1l and physical condition of the com
pany and properties.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
MASON VALLEY BLAST
FURNACE PLANS FORMING

The engineers In charge OF the Mason
Valley smelter plans arc now designing
the two blast furnaces, the plans as
suming very satisfactory shape. Cen
eral Manager Jules Labarthe stated on
Thursday that the question OF installing
reverberatory furnaces had not yet been
thoroughly entered into for allowing a
conclusion 10 be drawn. II Is likely that
when the management is at the point OF
starting construction work in earnest
that Mr. Labarthe and his local cngi-
nesring and office forces Will remove
their headquarters 10 Mason.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
UNLISTED ISSUES PROVIDE
FEATURE ON EXCHANGE

II remained for tho unlisted stocks
Thursday on the exchange 10 give a
little interest to trading. Columbus BX-
tension was one OF the strong issues,
selling as high as 30 cents share when
ever offered at that point. OpeH con-
tinued its downward course dropping to
10 cents at the close OF the day. There
we're $500 shares OF OpeX sold The total
business for the day WAS i0.ai0 shares
OF stock sold the market value OF which
was s7l13.lo The following were the
closing unlisted and listed stock trans
actions.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07

there is not a country in th|
that does not pay daily tn
his genius.
No man had to fight moro
than George Westinghouse a
hearing, but he was determ|
succeed, and Determination
vincible.
Looking at his success
WASH It the fight worth whileI
The career of nearly ever
man at some point IN it d
a struggle.
Great achievement calls q
endeaYor.
The first link in ,le chain
cess is to save your money.
Start a savings account.
Even one dollar starts it I
and your applied addition
time to time, with interes|
per cent on your money, y
YOU the sum you one day VI
70 grasp offered opportunity.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
Mining Notns.

Fred Siebert, chief engineer of the
Nlnghe!d interests, was in the city on
Thursday from Cioldteld.
Notice OF the annual Black Jack meet
ing has been received. The date is Oc-
tober IL, at Provo. The meeting was
scheduled for September 6, but was not
held
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
Nevada News Agents.

1NCVdN0 tNCWb z1BcuEh
Bauvard-A. G. Pesco.
Coldhed-Louie Pollin.
HawthoEne-Louie Pollln,
Kimberly-Sheldon Lowney.
Lovelock-Rible Bros.
Midas-MrB C, A Harrington.
Rawhide-Louie Pollin.
Reno-Hotel Golden News Stand: Ro.
senthal & Armanka; Shepard &, Son
Yerlngton-F- M, Burner.
Winnemucca-Pearce & Chase.
Cobre-Richard Richards.
Cherry Creek-Grey e. Collins.
EIko-Wheeler & Co.
Ely-Grace B. Paxton; Harville Station
cry Co.
McGill-M. Herman: Walden & Bur.
nett.
Rhyolite-The Crescent.
Pioche-Pioche Drug Co.
Caliepte-John Shier; Thomas Him
street
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
Ore and Bullion.

The ore and bullion report tor Thurs
day given by Mccormick e Co. was as
follows: Ore received. $4,000: bullion
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
San Francisco Mining Stocks.

SAN FRANCISCO. Oct. 6.-The Off
cial closing quotations for mining stocks
today were as follows:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
WHEN TYPE WEARS OUT

We sell it to the type foundry and buy
new. That keeps our type styles UP to
date Century. 55.57 Postoffice place. |
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
Metal Market.

The metal quotations for THURSDAY
posted by Mccormick G. Co. were az fol-
lows: Silver, 5iic; lead. $40; copper
SI2l7A.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
NEW YORK MINING, STOCKS
San Francisco Oil 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, 1910-10-07
Boston Copper 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, 1910-10-07
Ore Shipments.

The Utah Ore Sanpling company on
Thursday released FIVE cars OF ore from
Utah and three cars from Nevada camps
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-07
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, 1910-10-07
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, 1910-10-07
STORIES I
SUCCESS
GEORGE WESTINGH0

The b
of the I'd
air brak|
bears hi1
and whic
lutionized
roadingt
once q %
struggled
on a cler|
tance. l|
has thou
patents
away n
stronU n
Evening journal., 1910-11-07
RIVER RIVER SHOAL
AREAS INCREASE
Major Deakyne Says the De.
teriOratiOn is Most Notice
able at Schooner Ledge
HE BLAMES CERTAIN
DREDGING FOR CONDITIONS

Major Deakyne, engineer in charge
Of the work of improvement i'm the
Delaware river, has issued his report,
showing the condition OF the channel
as determined on November l. The
least depth on range at mean low
water at the upper Horseshoe ap-
pears TO be 30S feet, while at the
lower Horseshoe range the depth is
30.6 feet. a material gain Of more
than foot over the report issued in
October
At Fort Mifiiin the depth Of 29.3 feet
was the same as in the previous re-
port while at Tinicum Island loss
was shown, the latest depth recorded
being 29.8 feet. as against 30.1 feet last
month. The deterioration was most
noticeable at Schooner Ledge, the lat
est survey showing % feet. whereas
last month the mean low-water depth
was given as 2S.6 feet. The shoal area
also increased from 1900 feet to 5000
! feet.
Al Bellevue no change was reported
in the depth % feet having been
maintained. The shoal area was re-
duced. however, from $500 feet to $500
! feet. At Cherry Island flats the depth
was given as 26.S feet as against 276
feet last month. The shoal area
there also increased from $500 feet to
$500 feet. Some slight gain was shown
al Deep Water Point, the depth of
channel being given at 26.7 feet. as
against 25.S feet last month. Shoal
area was also reduced from $500 to
5000 feet
The channel depth at New Castle
was increased from 25.4 feet to q
feet and the shoal area reduced from
| 10000 feet to 5000 feet At Reedy
| Island 27 feet was recorded in the
latest survey as against 272 feet in
! October. The shoal area also in
creased from 6600 feet to $500 feet
Slight improvement was also made at
Dan Baker I'm the channel depth. while
the shoal area at Liston was reduced
from 10000 feet to 1900 feet.
Maritime men commenting on the
report declared that it proved con-
clusiyely that Major Deakyne can
never hope to maintain a 30-foot chan
mel in the Delaware unless he adopts
artificial construction. This, Il was
declared, is the only means of prac-