davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
BECK TUNVEL SUES
UNCLE SAM COMPANY
Three Hundred Thousand Asked
for Taking Ore From
Oliver Claim.

For the alleged extraction OF 1000 tons
of ore valued at $50 per ton, the Uncle
Sam Consolidated company was made
the defendant on Saturday in suit filed
in Provo by the Beck Tunnel Consoll-
dated company. The complaint asks for
three times the value of the ore, or
100000. and that the Uncle Sam be re-
strained from entering upon the disputed
ground The ore Is alleged to have been
extracted from the oliver claim OF the
Beck Tunnel group, which lies inmed-
ately to the east OF the Uncle Sam terri
tory,
II is understood that the disputed ore
does not occur in the original Beck Tun
mel resource from which this company
extracted so many tons of dividend MAX
ing material, but IL is 4 smaller body
lying we'll up OH the hill According TO
insiders, the case promises to expand
INTO quite a strenuous piece of litigation,
and IL will be watched closely not only
by stockholders of the parties TO the suit,
but by mining and legal circles in gen.
eral
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
RED WARRIOR IS
MAKING GOOD
Beaver County Property Ships
Ninety-Three Cars of Ore
to Date.
ORE IS FOLLOWED
FROM THE SURFACE
Only Short Time Since the
Group Was Considered a
Mere Prospect.

A company that can ship ninety three
cars of ore to the local smelters cars av-
eraging forty tons of ore each, which
nettcd approximately $40 per ton, and
make very little noise about it, cleaning
up $4,000 In little over year from
the time OF starting work as a prospect.
deserves the respect of the mining fra
ternity and this is the record OF the Red
Warrior company of Beaver county.
Luclan Merritt, prominent broker and
business man of Duluth, passed through
Salt Lake City on Saturday 10 the east,
after having been at the rpine in the Star
district for several days Mr.. Merritt
is a member OF the family tnat has done
great deal for the Star district. and
will do more for Mr., Merritt leaves for
the east thoroughly satisfied with the
mine conditions in the Star camp and de-
lighted TO find that the Red Warrior does
not hold monopoly on satisfactory mine
conditions. When seen by The Tribune
yesterday, he said.
II like the Star district more than
can tell YOU. I did not realize that the
camp held such property. for instance,
as the Moscow or the Hub. and / give
them credit for being great propositions.
The Red Warrior is in splendid shape.
We are prosecuting for the ore body now
on the 800 level. the ore body which has
oeell IolOWeu from inc SURFACE TO pc-
low the 400 level. The body has been
anywhere from to so feet In width We
driftcd on it In places as far as 900
feet, but 80 feet, perhaps. would be the
average depth. 1t is sllver-Ieed carbon
ate, clean and of shipping grade. Recent
ly there have been spots of copper ore
found, and a recent shipment OF a few
tons averaged l0I per cent copper. In
time the Red Warrior may be a red metal
producer,
"Au this ore has occurred north OF the
shaft Just a few days ago the man
agement on the 400 level south OF the
shaft encountered an entirely new ore
shoot OF carbonates, typical Red Warrior
silver-lead ore, When / left there was
il feet of this ore, and conditions pointed
to the fact that we were on the edge
OF an important development Tho Red
Warrior has shipped 93 cars OF ore to
Salt Lake, the dry weight being an aver
age of 40 tons per car, the net proceeds
being about $50 per ton. We feel very
we'll satisfied with these results.
''The Hub and Moscow are looking very
fine. and the ST. Marys ground Is being
developed on n modern scale. The st.
Mary's compressor is In operation, and
the management is driving over to get in
under the old work, ] am thoroughly
pleased with the Star district and the
prospects in which 1 am especially inter
eSted."
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
What Has Happened During the Week

MoNDAY-July statistics OF the Cop
per Producers association are given.
Mines OF the Wasatch range are the
busiest OF their history. Mason Valley
Will probably install diamond drills TO
hurry development work in new parts OF
It's territory. United Metals Selling COM
pany reported 10 be about the only agency
with any available copper for sale.
Miami Copper company reduces its force
OF miners who were employed on devel-
opment work,
DISQUALIFICATION markets witness
some good outside buying for the first
time in weeks. Daily West company is
sues quarterly statement. Big Cotton
wood section attracts old Tintic opera
ator. Sioux Consolidated is reported TO
be In quite an improved condition. Seven
TrouGhs Florence company Issues It's an
nual report New International smelter
is in successful commission with one re-
verberatory furnace. Engineers complete
examination of the Columbus Consoli-
dated mine 10 ascertain whether or not
there had been any trcspass on the Ret
tig ground. Local stock market is strong
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
Mining Notes.

General Manager McGin OF the New
York Bonanza company is in the city
from Park City.
IL. 6. Coffin, superintendent OF the
Lower Mammoth company, is In the city
over Sunday,
William ri. Child will visit the Tintic
district today 10 look the situation over
W. II Clark leaves tonight for Ari-
zona, the Alamo district. in which he is
Interested
w. a. Wilson. the mining engineer. is
enroute to Idaho camps. where he is in
terestcd,
The Dry Canyon Leasing company is in
the local market with another good car
of ore
General Manager G.. II. Dern OF the
Consolidated Mercur company says that
completed, and operations are moving the
was the cause of the trouble.
The Eagle e Blue Bell company at
Tintic has completed the foundations for
the new hoisiinS plant, and the hoist will
he set into position within the next few
days.
Insiders claim that the report submit
ted by Lew Fumphries on the Mason
Valley Mines property at Mason, New,
will show developed tonnage OF l,000,-
900 tons of 80 per cent copper ore. This
report is 10 be filed In Boston and New
York in accordance with the rules of the
exchanges where the stock is to be
listed
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14

NESORY-Colorado and Iron Blos-
som are assuming more attractive proper
tions marketwise, underground conditions
being very satisfactory. Wall Street
Journal Is bullish on earning power or
Utah Copper company. Eastern broker
aSe firms growing optimistic over cop
per outlook, and are advising purchase
Of the copper issues on all reactions.
THURSDAY-Ray Consolidated and
Chino Copper companies place order with
Galieher Machinery company for ap-
proximately S250.000 worth OF Isbell van
ners, the largest order OF its kind ever
placed, International Smelling engineer
reports the new plant is operating with
out a hitch Apex litigation reported in
process OF preparation by Beck Tunnel
against the Uncle Sam company. Ohio
Copper mill Is making splendid record.
the one-half finished plant treating as
high as 1900 tons daily. when 1t was de-
signed to handle sonly 1000 tons. Local
exchange continues TO improve In
strength.
FRIDAY-Miami Copper company TO is
sue new stock for working capital. The
east expecting d reduction In the divi-
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
CROWN POINT BIDS
BEING CONSIDERED
Manager John Roundy Soon
Will Let Contract for the
New Shaft.

Reports from Tintic have 1t that John
Roundy. general manager of the Crown
Point Mining company, has received the
bids from contractors deslrous of driving
the new shaft, and that action will be
taken by him as soon as possible, Active
proposition is expected 10 be an assured
fact within a few days.
John Roundy Is the man who. as
superintendent OF the Colorado Mining
and Iron Blossom companies. found the
ore for both. 1t is generally conceded
for ore in Tintc as any man living, and
whose success as miner deserves the
liberal financial rewards that have at
tended his operations in that camp His
friends assert that there Is not a more
capable man TO be had TO direct the
search for ore within the boundaries of
the Crown Point company, while the
Crown Point stockholders feel that they
are about TO receive a long delayed run
for their money.
Az one time the Crown Point was one
OF the livest wires in Tntic, This was
In the days of the Colorado Mining boom.
Crown Point suddenly jumped from an
for one cent a snare to as high as S1.471,
the supposition being that the Colorado
ore body would swing or be thrown to
the east from the Colorado into the
Grown Point territory. Unfortunately for
the theory, however. the ore persisted IN
Blossom. There is large vein crossing
the Crown Point ground known as the
Great Eastern. and from II the Knight
interests expect good results at depth
on June 6, 1910, the company had SILL
0f711 on hand, and there are 122,900
shares Of unissued treasury stock. The
property has been idle since August.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
ELY LAWYER FINDS
IMPROVEMENT EAST
Sentiment in the Copper Cen
ters Takes Quite q Bull
iSh Turn.

Gilbert F. Boreman. secretary of the
Ely Centennial Mining company and Il
prominent lawyer of Ely has returned
10 this city from nm extensive eastern
trip, He says that there has been n very
material improvement in the eastern
market situation within the past month.
So far as he could see. confidence has
been restored, and the traders them
selves are sangujne with regard TO i'm
proVements continuing during the re-
mainder of the year. The only thing that
has prevented a sharper advance in the
market has been the absence OF the pub
lie. When the crash came early in the
summer q number OF people were wiped
out. and they have since hesitated to be
drawn into the market again.
Eastern investors are very favorably
impressed with the possibilities Of Utah
and Nevada mines, Especial attention is
being given TO the low grade copper
stocks OF Bingham and Ely. The clear
ing up OF the copper situation will have
much 10 do with attracting investors 10
some OF the undeveloped mines In these
two districts later on, and Mr. Boreman
expects to see a considerable amount OF
money invested In the new ground which
Will be developed,
Good progress Is reported in the cop
per markets. in the matter OF clearing
up the surplus stock and curtailing pro-
duction. So far the consumers have only
replcnished a small portion of their de-
Dletcd stocks. yet the settling price is
advancing steadily,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
C0PPERS OCCUPY A
STRONGER POSITION

James a, Pollock g. Co. bankers and
brokers. furnish the following, received
noon:
Paine. Webber & Co. Letter, Boston,
Except in the volume of business. the
market was very satisfactory. The bears
are still confident in their position and
sold stocks freely again today, but the
buying seemed TO be of the best char
acter. The close was strong all through
the list. Steady accumulation of North
Butte seems TO be going on. and when
the stock offered at so is out of the way
1t should have sharp advance OF five
points Insiders continue TO pick up In
diana, and 1t looks as II the recent Strike
must be OF considerable value. The
metal situation is unquestionably i'm
proving. and small advances in the price
will undoubtedly be made next week.
Hold all the coppers you have and buy
more on every little reaction.
Hornblower Letter, Boston.-Coppers
were dull but strong during today's ses-
sion. Changes, as whole, were for the
better, and buying was considered good
Sentiment is cheerful, and although We
have had considerable rise, the talk is
Tor higher prices, but caution should be
used In buying on strong days. The close
was steady and at best prices of week
Logan Bryan Stock Letter, New
York--The market aagin displayed CON
siderable strength, but tho Increase In
outside demand was only moderate, how
ever as expressed this morning and the
desire was probably to cause as firm an
appearance as possible. In order 10 at
tract additional outside buying over Sun
day The bank statement was considered
favorable, The fact that shorts covered
freely In Shelters did much toward Gre
atinS confidence today. but rumors are
still heard OF a probable reduction In tie
dividend of common stock at the meet
ing in September The coppers continue
TO be we'll absorbed, as it is thought that
the next statement of the Copper Pro-
ducers association will reveal material re-
duction In production. The usual talk of
pending favorable announcements was
heard with regard 10 Reading, but as
usual the same could not be verified.
Politics are bound TO become the control
ing factor as fall approaches, but mean
while efforts may be made to force a
level for prices which will permit dis
tributlon OF some OF these issues taken
for protective purposes during the past
month.
Gallagher says: Inspiration again the
feature today. Good buying caused a
rapid advance TO 50, There is little
stock for sale on the advance and look
for stocks TO go considerably higher The
buying was very good; selling scattered
Ray Consolidated was strong on Boston
buying, selling up TO 19a. Chino was
bought by Hayden. Stone Sc Co, Boston
selling up 10 l3h. The entire list was
strong and in good demand. ely Con-
solidated sold UP 10 30. There seems 70
be a large short interest in the stock
Ohio Copper strong at 200. ManipuIa-
tors getting ready to take hold of this
stock; it looks cheap to me at this price.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14

MORNING SALES.
Cedar -Talsman, 1000 at 10c.
Colorado. 600 at A0c.
Columbus, 300 at Sic; 900 at SOC; 500
at SIC; 1900 at SIC: 100 at Sac.
Crown Point. 1000 at Sc.
East Tintic Consolidated. 5000 at &c
Grand Central. 200 at S1.25.
Iron Blossom. 200 at Sic.
Lower Mammoth. 900 at 133c.
May Day. 5000 at &c.
Nevada Hills. 100 at s2.d2t; 1000 at
s2.375. 100 at $40.
Newhouse, % at S1.75.
Ohio Copper. 100 at s2.125.
Prince Consolidated. 700 at Tic; zoo
at 72c.
Silver King. 100 at $50
South Columbus Consolida ted 2S00 at
10c; POO at 10lc.
Tintic Central 1000 at SIC.
Uncle Sam. $50 at zoe.
OPEN BOARD.
Colorado, 600 at 40c
Columbus Consolidated, 500 at S3c 500
at SAC.
Grand Central. 100 at $3.50
Iron Blossom. 900 at Soc.
Mountain Lake 500 at she.
Prince Consolidated. 10 at Soc
TOTALS
Regular call. 26.475 shares. ss355. .25.
Open board. 6s75 shares. S36s2.50.
Total sales. 1880 shares, 81. 2.03ST5
Weeks totals, 200. fi2 shares. S105, ,203 9s
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14

dend on Smelters common. Montgomery
Shoshonc company Is not meeting with
good results, and stockholders are de-
sirous OF securing n statement giving
conditions and probable results Of future
operations. American Fork section is a
very busy region, several new properties
getting shipping ore. Allis- Chalmers COM
pany will manufacture the Isbell vanners
for the Ray Consolidated and Chino com
panies. Copper exports are continually
increasing Reduction In Nevada Con
solldatcd copper output not TO Interfere
with usual dividends.
SATUROAY-Red Warrior has made
good shipment record since beginning
work. West End Consolidated company
OF Tonopah makes annual report TO stock
holders, Eastern copper authorities are
extremely bullish on the situation. ana
advise the purchase of copper stocks on
all weak DAYS Beck Tunnel files suit
against the Uncle Sam company fer $780,
900 for alleged trcspass. Crown Point
company receiving bids for the new shaft
work. Estimated profits for several new
copper companies given by Thompson.
Towle 6, Co, OF New York and Boston.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
COLORADO MINING IS
LOOKING MUCH BETTER

Word from Tintic says that the Colo
RADIO Mining work is opening some very
interesting looking ground on the 500
level cast of the shaft. While no ore
has been encountered there. as was re-
ported last week. the formation is decid
cdly more promising than IL has been. and
the management expresses itself as
pleased with conditions. II is reported
that the WINE from the third level OF
the south shaft has broken through fif-
teen feet OF good ore. this point being
about $50 feet north OF the Sioux end
lines Some OF the umprospected terri
tory north OF the Sioux. and south of the
developed part of the Colorado ore body
is very liable 10 surprise the camp at
any time So far there has been II lack
of the rich rock had TO the north, but
in that lime country narrow stringer
today, or "a very large face of scattered
values, can be rich face Of first-class
ore on the morrow.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
GOOD WEEK FOR
COPPER CLOSED
More Optimism Found Where
Deep Gloom Has Long Been
Prevailing.
CALUMET 4 HECLA
RAISED ITS PRICE
Worlds Consumption Now Is
Said to Equal Output of
Red Metal.

On yesterday one OF the most encourag-
ing copper weeks closed for great many
months. and with plenty OF time to study
and digest the July statistics OF the Cop
per Producers association everyone inter
ested In copper and copper issues has &C
cumuated some optimism which contrasts
very cheerfully with the gloom that has
characterized this branch Of the coun-
try's activities for months, The last good
word TO come across the wires Saturday
was to the effect that the Calumet Il
Hccla interests had increased their mini
mum asking price for copper to IS cents
"A pound. and that no elcctrolyttc copper
was to be had for less than l29 cents
pound,
The world has been doing considerable
smiling during the hard copper times at
the Amalsamated interests holding the
umbrella over the industry. Ihey had
the major portion of the surplus, and
stlll are reported TO be the only agency
with any extensive available metal Tor
immediate delivery. The fellow who at
tends TO his umbrella Is pretty sure TO be
the dry one In a crowd. and with better
ing copper prices the umbrella may turn
out after all TO have been good thing
TO carry along.
L. Vogelstein e Co have issued a cir
cular letter upholdng a previously eX-
pressed opinion that at the present time
copper consumption is abreast of produc-
ton. The letter says:
Statistics published by the Copper Pro.
ducers' association deserve the careful
attention OF the trade. These figures
prove, I'm conjunction with the Euro
pcan statistics, our previous contention
that the worlds consumption OF copper
is at least as large the production.
In the following s1ye the apparent
consumption OF American copper In this
country as well in Europe during the
first seven months OF 1909 and 1910.
1910 1909.
Apparent consump-
lion Ame erican
copper In Europe 3SS ,SS6,S9o $50, 1911
,Apparent domestic
Pconsumption .|.. .444. .9S4 OIL 3Se 13S,24O
Total apparent con- 100 ,-
sumption .. ..... S33 ,SfV.1ob i+S,e9i,iol
production Ss5 $50, ,553 1850, ,212
Figures given as the apparent consump-
lion OF American copper in Europe are
made MP by taking the total exports for
seven months, to which is added In 1910
the decrease in European warehouse
stocks OF 27l0S. $50 pounds. while In 1909
thc increase in European warehouse
stocks of .9.5S3,12o pounds is deducted
from the exports "
II will be seen. therefore, that while
production increased in the first six
months OF this year 30, 966,341 pounds the
apparent consumption increased S3.9I2,-
I15 pounds,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
Mines and MiningActivities in Ore Districts Of Utah
WHAT CHANCES ARE
FOR NEW COPPERS
Outlook Bright for Several Cop
per Companies Now Being
Prepared.

Thompson, Towle & Co. Of Boston and
New York have issued a table on the
important copper companies OF the
United States. Mexico and Canada, Civ
Ing the production, estimated earnings
dividend rate, the cost of production
controlling parties in each organization,
with the action OF each Issue on tho big
markets III past years and other In
formation OF live interest these live cop
per times. In this table there is consid-
cradle useful data regarding the new
companies being brought into n state of
usefulness
The Mason Valley company, for in
stance. Is expected TO produce copper for
cents a pound; Chino Copper, cents;
Inspiration. 9, Miami. 9. and Ray Con-
selidated. 81 cents. The prospective earn
lngS per share for these organizations.
with copper at various prices. are given
as follows;
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
STAG SKINNED OFF AT
THE INTERNATIONAL PLANT

On Saturday the first Stag was skinned
from the first reverberntory furnace al
the International Smelling works. but it
will be several days yet before the fur
mace is tapped for copper. The second
furnace is about hot enough to be set
TO work smelling ore. and the third is
almost at the point where II can be
warmed I'D.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
Nevada News Agents.

Nevada News Agents.
Hauvard-A. g. Pesco.
Goidfeld-Louie Pollin-
Hawthorne-Louie Pollin-
Kimber erly-Sheldon Lowney.
Lovelock-Bibe Bros.
Midas-Mrs. c. A Harrington.
RawhIde-Louie Pollin.
Reno-Hotel Golden News Stand; Ro-
senthal e. Armanka; Shepard & Son.
Yeringron-F. NJ. Burner.
Winnemucca-Pearce &c Chase.
Cobre-Richard Richards.
Cherry CreeE-Grey g. Collins.
Elko-WheeIer & Co,
Ely-Grace 3. Paxon: Harville Station
cry Co.
McGilI-M- Herman; Walden g. Bur-
nett
Rhyolite-The Crescent
Pioche-Pioche Drug Co,
Caliente-John Shier: Thomas Him
street.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
STRONG WEEKS TRADING
CLOSES ON EXCHANGE

Cedar Talisman. Colorado. Columbus
Consolidated. Grand Central Iron Bios
som, Nevada Hills Ohio Copper and
South Columbus Consolidated. all which
have shown a fine price improvement
during the week closed the week at top
notches yesterday noon. The demand for
the feature issues has been most encour
aging, sending the total business for the
week up TO sales for 290,4i2 shares OF
stock. the market value of which was
Sl05, ,203. &c. Saturday morning SO $50
shares OF stock sold the value being Sl2,-
03S.T5. The following were the closing
unlisted and listed stock transactions;
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
DAILY WEST OFFICIALS
MAKING HASTE SLOWLY

President 7. L. Bamberger Of the DAILY
West company stated on Saturday that
there was nothing in the way OF progress
10 report in regard to the consolidation
AT Park City, The officials. he stated
were. still discussing the situation Mr..
Bamberger says that the production at
the mill has not yet been reduced. and It
Is not known at this time just to what
extent the output will be intertered with
pending the development OF new re-
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14

Ore and Bullion.

The ore and bullion report for satur-
day. given by Mccormick & Co, was as
follows: Ore received. $4,000: bullion
shipped. 100000. total. $4,000
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
Park City Ore Shipments.
Special TO Tho Tribune.
Metal Market.

posted by Mccormick g. Co. were as fol
lows: Silver, 534c; lead, $40; copper.
12 5-l5C.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
Nevadas in San Francisco

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, 1910-08-14
Boston Copper Stocks

James a. Pollock & Co. bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon:
BOSTON Copper RANCE
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-14
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, 1910-08-14
Asked.
Ore Shipments.

The Utah Ore Sampling company on
Saturday released cars OF ore from
Utah camps.