davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
MARKET ASPECT IS
CHANGED FOR WORSE

James A. Pollock & Co. bankers and
brokers. furnish the following received
over their private wire yesterday after
noon,
Paine webbcr e Co. letter. Boston,
Action of market today simply strength
ems our advice that We are TO have q
period Of dulness with ultimately lower
prices. The London market came higher
this morning and after the holiday there
were plenty OF buying orders. The big
interests. however, started to liquidate
again and stocks were freely supplied all
through the list. Action OF the market
was very discouragiDg and until we see
some radical change in the copper metal
market, we do not look for anf sus-
ta!ned upward movement among the cop
pcrs.
Logan Bryan stock letter. New Yorl,
Sentiment was much disturbed by the
supreme courts ruling in the Missouri
river rate case sEsta ming the interstate
commerce commission in the contentious
against the advance In rates by the rail-
way companies. IL was also runiored that
efforts would be made TO obtain inJunc-
Uons against the various roads contem-
plating increased rates and this taken
In connection with the decision referred
10 above. did much towards causing
heavy liquidation in nearly all quarters
u seemed 10 be the general impression
would be TO restrict the sale Of American
securities abroad. through which II has
been anticipated that our unfavora bic
trade balance and monetary situation
would be adjusted The declines In com
modify prices and the favorable trade re
ports. together with the comparatively
small amount of selling pressure in evil
dence during the past few weeks made
II appear that tho list was I'm shape 10
enjoy a substantial recovery, but today's
happenings change the general aspect
materially and makes the outlook one OF
considerably uncertainty.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
TONOPAH GROUP Of
UTAHVS' ATTRACTIVE
Property of Messrs. kearns and
Keith Benefited by the
Recent Strike.

The recent finds Of deep ore in the
Tonopah district Of Nevada has resulted
in the Halifax property OF ex-senator
Thomas Koarns and David Keith becom-
ing one OF the lllIeliest spots in that camp,
and these gentlemen who returned Tues
day from swing about the Nevada cir
Gle are planning either a resumption of
earnest development on the Halifax or
some sort OF a deal with 1t. The ground
is very attractive, and is worthy of the
sincere effort along mining lines now
characteristic OF the Tonopah camp,
Messrs, kearns and Keith during their
trip inspected the repairs being made to
the Salt Lake Route. and then passed on
to Tonopah and Ely. Tonopah. they
state. looks good for many years, and the
deep find on the Tonopah Belmont prop
erty especially Interested them for this
discovery emphasized the merits of the
Halifax territory TO the world. The Bel
mont was inspected by them TO tho HOO
level.
From 'ronopah they visited Ely and the
Duck Creek district where they are in
terested in the Success property. The
manager was ordered TO begin lead ore
shipments as soon as possible. and more
development will be started
without delay. The property Is fully
for very vigorous campaign of
work to depth.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
NEW YORK F|SSURE
HAS CARBONATE ORE
Virgin Territory on Eight Hun
dred Level Now Is Very
Encouraging.

There were numerous reports ahoot
Tuesday in Salt Lake mining circles In
regard TO the new strike on the New
York property at Park city. When seen
by The Tribune yesterday. one OF the Of
ncials OF the company said that there was
a new find OF ore on the 500 level, and
while il WAS decidedly encouraging, be-
ing the best indication for several years.
there was no reason for anyone over
estimating the strike. and any very defl
mite idea must await further develop
ment
"On the 500 level" no said. eve found
fssure which Is now three and one
half feet in width. In this nssure occurs
at least two feet which is pretty well
filed with carbonate silvcE-lead ore. but
tho ore is not two feet solid. What makes
the find all the more attractive TO us Is
that II occurs in absolutely virgin ground
we have never worked in this part Of the
property on any OF the upper levels, so
II II amounts to anything at all we are
apparently sure of having plenty Of stop
Ing ground at our disposal. This find is
are exaggerated and reports do more
harm than they should, We are opening
1t up as fast as we can"
II there is any proposition IN the state
that deserves success II is the New York
company, for IL has labored for many
years against many odds, and II numbers
many staunCh stockholders who deserve
all they get out Of the ground within their
lines.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
Ray Consolidated Sends Notice
That Exchange of Stocks
Can Be Made.
RATE Is ONE OF RAY
FOR THREE OF GIIA
First of Next Month Fixed as
Last Day on Which EX-
change Possible.

As anticipated in these columns sun
day. the Ray Consolidated company has
forwarded n statement TO the stocshold-
ers of the ella Copper company I'm regard
10 the time of exchanging ella for Ray
Consolidated stock. which notification
reads as follows
You are informed that at meeting
of the board of directors OF the Ray Con
soldated Copper company, held on the
18th day OF April 1910. the board unani
mously resolved TO authorize the calling
OF special Stockholders meeting OF said
company for the purpose Of increasing
the capital stock in the amount OF 900.
600 shares. and that II said increase in
stock be authorized, to offer to the stock
holders of the ella Copper company the
privilege Of exchanging three shares OF
stock OF the ella company. for one share
OF said Increased stock OF the Ray com
pany. The stockholders meeting was
held on the 25th day OF May. the increase
of stock was authorized. and the action
Of the board OF directors in Offering 10
exchange IT on the basis above stated
FOR stock Of the ella company was rati-
fed and approved.
"Ycu are Informed. therefore. that
under the action OF the directors and
stockholders. as above stated the right
TO exchange three shares Of stock OF the
ella Copper company for one share Of
stock OF the RAY Consolidated Copper
company is accorded To you to be cXer-
cised at any time on or before the first
THE Ray Consolidated Copper com
pany has now issued and outstanding
100000 shares Of stock. and the in
creased stock, authorized as above,
amounting 10 100000 additional shares,
VIII enable the company to afpulre by
exchange. upon the terms above spcci-
ted. 500. 600 shares Of stock OF the ella
company which Is all Of the outstanding
stock of said company except 5000 shares
which Is now owned by the Ray company
THE exchange Of stock on the basis
above set forth is approved by all the d.
reCtors of the ella company. and there Is
tive committee Of the Ray company
which is also the executive committee OF
tho ella company. recommending said cX-
change, and your attention Is particularly
called to the statements therein con-
tatned II you wish to avail yourself Of
the right TO exchange your stock on the
above basis. certificates for shares OF the
ella company indorscd in blank or to the
Ray Consolidated Copper company. mus,
be sent 10 the old Colony Trust company.
Boston. Mass. so as 10 he received there
on or before July /. 1910. Inclosed YOU
VIII find stamped envelope and letter OF
transmIttal for this purpose.
"AnY fractional share Of the Ray COM
DanY to which you might become entitled
I'm the exchange will be paid for In cash
ton stock exchange for the day preceding
the date on which your stock Is present
cd for exchange The management of
the companies deems II highly advisa BILE
In the interests OF the stockholders of
both companies that this exchange be
made. and YOU are therefore requested to
give the matter your early attention"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
LAW APPLICABLE TO
OIL LAND LOCATIONS

The following from the Mining and
Scientific Press regarding oil locations
and the amount OF necessary work before
title passes 10 the locator will prove OF
value to Utah oil prospcctors.
'Oil must be actually discovered by
drilling n well and striking oil to validate
a placer location applying to oil. Mere
oil seepages and surface indications are
not sufficient. or course. the evidence
might In an extreme case he sufficiently
convincing TO Justify a discovery without
drilling. but the courts have not yet had
such Il case called to their attention. and
II is doubtful If anything but actual drill
Ing and striking oil would satisfy the
courts. A locator must proceed dlIgent-
ly with drilling until he makes discov-
cry Ordinarily he is protected only to
the extent OF the ground which he actu-
ally occupies In his drilling operations.
and rival locator may take peaceable
possession OF another portion of the same
location. I'm which event II becomes a
race between the rlra:s, and he who first
discovers oil becomes entitled to the
claim. The locating and patenting of oil
claims Is provided for by the law apply
ing to placer mining"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
BUYING ORDERS TUESDAY
ON THE LOCAL EXCHANGE

There were a good many buying orders
Tuesday on the local exchange in answer
TO recent Sood developments In several
expected 10 be big feature of the day,
and IL showed Il substantial gain over last
week. although slipping back during the
back very hard at this stock until the
secrecy surrounding the reported improve
mcnt in the property Is shattered and the
facts known. II is realized also that the
recent stiff assessment wiped ont only
about half the company's Indebtedness
ON Tuesday the total sales amounted TO
55. 936 shares: market value, Si3.S32. This
brought the total sales for May TO 1.099
545 shares. the market value being $352.
36O.27. The following were the closing
unlisted and listed stock transactions;
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
BLACK JACK IS
SOON TO RESUME
Mining Man Believes Large
Group Is in Line for New
Resources.
SHOULD GET IRON
BLOSSOM GOLD ORE
Jesse Knights Faith in This
Ground Well known TO
His Friends.

If you were 10 ask Jesse knight FOR
his opinion in regard 10 which of his
many Tintic properties will make the
largest mine. ! believe he would say the
Black Jack. without hesitation" said Il
mining engineer on Tuesday, who has
been making a close inspection OF the
Tintic district
''Mr Knight would tell you that the
Black Jack company owns an empire of
mineral ground and that he has spent
close to s25OOOO up TO the present time
on the property. and he has by no means
lost hope in this group ultimately maxi
ing good In very substantial manner.
Development In the Black Jack on COM
pany account for the past few months
has been halted so as to place all the
money raised by assessment on the In
debtedness. and the conviction is pretty
we'll cemented that the last assessment
Will wipe out these debts. permitting the
company soon TO resume activity.
II understand that IL Is the intention
10 the 1000 level. and then another part
OF the Tintic district will occupy the
spotlight. for il Will be the making of
number OF properties in that vicinity.
But what makes the Black Jack look
so good TO me at this time Is the re-
cent development in the south workings
oi the Iron Blossom ground. There has
been a controversy ON for months In re-
gard TO the direction the Colorado ore
body would take from some point below
the north end line Of the Iron Blossom.
You will remember that the Carisa
claims IL will get the silver and lead
values The Tlntic Central claims the
same thing, while the Iron Blossom man
agemert believes the ore in the south
workings is the same body with an
altered character Of the ore.
This south shaft Iron Blossom ore
runs to copper and gold while the Colo
RADIO ore body. as is well known Is sill
months ago was one OF the kecncst
edges Of all the TintiC development. and
il has not been determined yet by any
means. If the Carsa gets the silver
lead ore. then the copper gold ore in the
southern end OF the Iron Blossom is not
the Colorado ore. and in either event
the Black Jack appears to me TO be di
rcctly in line for both. and the Victor.
as well, stands 10 secure its share with
out doubt
But what looks good 10 me is the
shape the Black Jack is being placed in
for a resumption of development work.
Another proposition of Tintic getting
ready for deeper work in first class style
IS the Yankee Consolidated, which is in
stalling q complete line of modern cleo
trical machinery 10 get below the present
levels without delay.
''Tlre point / want TO emphasize Is that
Blossom 10 whet the appetite for the fu-
ture but there are many Of tho old
timers being rounded out for work which
will prove the greatness of Tlntic even
more positively than IL has been demon
strated in the past"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
MORE FAVORABLE COPPER
STATISTICS LOOKED FOR

Available statistics point strongly TO a
more favorable statement from the Cop
ner Producers association for this mon lin
than the month previous. due i'm a large
measure, TO the increased exports. which
promise 10 press d, 900 900 pounds II Is
not improbable that domestic deliveries
will aggregate 5000, 900 pounds. making
the total deliveries In round numbers
about $4,000. 600 pounds. compared with
an estimated production OF lis 600. 600
pounds.
There are evidences OF improvement
In the consumption for the red metal
abroad, while in this country more cop
per is probably being melted than ever
heretofore. with orders for new business
reported quite satisfactory. The only
real drawback Is In the demand for heavy
wire for trolley and power transmission
purposes.
The statistical position OF the metal.
while giving no cause for unea sness en-
phasizes the fact that holdings and pros
pective purchases Of copper shares should
be confined. as much as possible to those
capable OF paying dividends. present or
prospective. on a 13-cent metal market
as. all other things being equal. Il lis only
fair TO assume that such stocks will he
first to respond marketwise TO any i'm
provement in the ndustry.-Haydcn
Stone & Co.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
BOSTON MINING STOCKS.
Mining Notes.

T II. Woodbridge, formerly vice pres-
dent OF the Taylor & Brunton Ore Sam
pling company. is IN the city from Cali
fornia.
Il. J, Herrck, president of the Baby
Mckee company OF Big Cottonwood has
completed an Inspection OF the mine.
Ernest r. Woollcy and Harry c. Parker
have been making a visit 10 various Biz
Cottonwood mines, the Carbonat and
Baby Mckee especially.
An assay WAS made Tuesday on some
zinc ore taken from the surface of the
Cedar Talisman company. the outcro3
being the same ore had at depth The
ore showed iO.i per cent zinc
Tho following delinquent assessment
stock sales are scheduled for dates in
June: Gold Reef, |; Silver Shield. .; Fed
eral Ely, 4; East Tintic Gold King, 6:
OpeX. {: Utah Consolidated of rintic, s.
The books of the Bingham Copper
company closed yesterday for the annual
meeting TO be, held IN Cheyenne on June
20 The company Is one of the active
propositions OF Bingham and its stock
is one OF the most active propositions ON
the local unlisted list
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
FORENOON SALES.


Cedar Talisman 500 at HE
Colorado, 200 at Coo.
Columbus. 136 at soc. 2I0O at S5c; 300
at sac; 400 at SIC.
Crown Point, 500 at sac. 500 at sac; 500
at 10c.
East Tintic Development. 1000 at lie;
$500 al lic
Iron Blossom 100 at 97c; 100 at 9sc; 100
at 9sc buyer sixty days; 100 at 91c, buyer
sixty days.
Nevada Hills. 500 at SIC.
New York, 1000 at &c, seller sixty days
Prince Consolidated. 100 at 73c. 200 at
7ic.
Seven Troughs. 1000 at 7c.
Sioux Consolidated. 300 at o9c.
Tintic Central. 1900 at 12c; 300 at 125c:
500 at l3c.
Tlntic Combination, 5000 at &c.
Tintlc Empire, 1000 at lc; 1000 at &c;
1000 at &c.
Utah Consolidated, 500 at Iic; 1900 at
4sc,
Yerinston. $500 al &c.
Shares sold, 81 436.
Selling value. S02l9.50
OPEN BOARD.
Beck Tunnel. 100 at ac.
Bingham Amalgamated. 500 at 7;c.
Cedar -Talisman. 1000 at 11Ac, 500 at I2c.
buyer sixty days.
Iron Blossom. 200 at o6c.
=, New York: 900 at SAc; 100 at &c: 1000 at
Ssc. buyer sixty days.
Opohongo. 1000 al lie.
Tintic Central, 1000 at 15c
Shares sold. 1850.
Selling value, $2169
AFTERNOON SALES.
Century, 1000 at &c.
Columbus. 500 at soc: 600 at 7Sc; 700 at
Tie.
Crown Point. 1000 at 9ic; 500 at &c.
Iron Blossom 800 at Soc: 800 at CSC
Sioux Con. so al Csc: 200 at PC
Iintlc Central: 1900 at 13c
Shares sold. 6i50,
Selling value. S2iiS.50
OPEN BOARD
Columbus Con, 500 at TIC; 200 at 7ec.
Bullock. 1000 at lc.
Iron Blossom, 100 at 9sc: 100 at 81.
buyer sixty days T''
New York. 1000 al &c; 200 at Che
oo oh,o =. copper. goo at s. 50; 300 al s257I:
100 al go: buyer sixty days.
Yankee Con, 700 al &c
Shares sold. 5000
Selling value. $3.50
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
MINES GETS
READY FOR SHIPMENT

W. II. Harmon. general manager OF
the Tecoma Mines company, has returned
rom the property where he arranged
Tor ore shipments to the local marl5ef
He states that everything is progressing
smoothly at the property. While in the
district he placed force OF men at
erty. there being one foot of good lead orc
exposed on the surface. The Iron Mask
looks as If It Will display ore at any
round OF shots. while the Utah Lead
company Is very busy with twenty-five
miners on It's pay roll. The camp Is
busy and bringing fine results TO view.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
UNCLE SAM DIVIDEND
LIKELY NEXT WEEK

There is likelihood that the Uncle
Sam Consolidated company at the next
meeting OF directors scheduled for tn.
first OF next week. will come back into
December, 1909 One stockholder closely
Identified with the board said on Tuesday
that there was money enough and To
spare In the treasury for the usual 2-cent
dividend, the only question being one of
policy The company is making good
Roadway with its ore shipments. and tho
mine is pronounced 10 he I'm the bost
shape for many years. The Uncle Sam
since entering the profit sharing col
umn
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
MORE CYPHERS ADDED
THAN THOUGHT JUSTIFIED

An eastern paper. in talking about the
South Utah company. once better known
as the Newhousc Mines and Smelters,
SAYS that the property has fully demon
strated 1000 600 tons OF S per cent cop
there are 300. .000 600 ,ons of 1. "a per cent
copper ore. Now. local stockholders
would like 10 believe these last fgures
but they arc wondering how many ciphers
too many were added to the figure g
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
NOTICE TO CONTRACTORS
Office of the Board of Public Worhsss;,
Salt I.alsn City NAV %. II

Office of the Board of Public Wofesss;i lid
Salt Lake City. May 20, "a
Sealed proposals will be rece'rE's E',l '
this office until o'clock p. m,
June Il. 1910. for the work OF consn
ing pipe sewers in Sewer ExtenslSn
2i6, according to plans on file In the
engineers office a,
Instructions 10 bidders, togetne' M
plans. profile. specifications ana w
for contract and bond. may be OF
upon application at the office "
Board OF Public Works or the citS
neer. -
The right is reserved to reject any (
all bids. Md
BY order of the Board OF Public ~ W.
III. G.. NJ MILAN, Chaii ~ ~
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
Nevada News Agents.

Bauvard-A. G. Pesco.
Goldfield-Louie Polln.
Bawthornc-Louie Pollln.
Kimberly-Shelcion Lowney.
Lovelock-Bible Bros.
Midas-Mrs, c, A. Harrington.
awhide~-Loule Pollin.
Reno-Hotel Golden News stand: Ro-
senthal e. Arinanka; Shepard & Som
Yerlngton-F. NJ. Burner.
Wlnnemmuca-Pearc & Chase,
Cobrc-Rlchard Richards.
Cherry Creck-Grev IL Collins.
Elko-Wheeler x Co.
Ely-Grace Is. paxon; Harville Station
cry Co.
McGill-M Herman. Walden & Bur.
nett.
Rhyollte-Thc Crescent.
Pioche-Pioche Drug Co.
Calientc-John Shier, Thomas Him
street.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01

Get Bell Telephone and be in line
With other progressive citizens. Uni.
versll service md reasonable rates have
resulted in unprecedented growth OF the
Bell System. Ask the manager for full
information regarding rates and service.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01

John Burns of the Denver Horse and
Mule company has Just arrived in Salt
Lake with 40 head Of high.class horses
to be sold at reasonable prices. 81 W,
2rd South,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
Ore Shipnents.

The Utah Ore Sampling company on
Tuesday released II cars of ore from
Utah, from Idaho and cars from Ne
vada camps.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
Ore and Bullion.

The orc and bullion I)sport for TUESDAY
given by Mccormick & Co. was as fol-
lows: Orc received. S11. 900; bullion
shipped, $15oo00: total. sI61 600
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
Metal Market,

The metal quotations for Tuesday
posted by Mccormick e. Co. were as fol
lows Silver. 531c; lead. $40; copper.
l2ic.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
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, 1910-06-01
Boston Copper Market.

James a. Pollock &c Co, bankers and
brokers. furnish the following. received
over their private wire yesterday after
noon.
BOSTON COPPER RANGE.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
New York Mining Stocks

James a. 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, 1910-06-01
San Francisco Mining Stocks.

SAN FRANCISCO. May 3l.-The off
cial closing quotations for mining stocks
today G follows
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
Nevadas in San Francisco.

James A Pollock &s Co.. bankers and
brokers. furnish the following. received
over their private wire yesterday after
noon.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01

ACCEPT NO SUBSTITUTE
cor century printing. You can get the
genuine article ut 5557 Postofice place
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01

Tribune Want Ads
Bell Main 5000. Independont aso
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01

Tribune Want Ads.
Bell Main $500. Indepeudent aso