The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-11-30
HEALTHY REACTION
IN LOCAL MARKET
Something Concerning Many
Mines Which Strongly In
fluenCe Local Prices.

In the letter issued yesterday by
William ii. Childs & Company. the fol-
lowing references are made 10 Well
known local properties:
Tn stock market has under
gone A.. thy reaction during the
past few ia. nothing OF alarming pro-
portions, how having developed.
We feel all the more confident that
added strength VIII be given many
stocks behind which are important
mine conditions and changes soon due.
The advancing market Will undOubt ed
~ affect many II not all Of the Issues
mentioned below.
Colorado undoubtedly VIII declare a
siN-cent dividend during December.
The liberal dividend policy of this
company. and the unquestiOned lmpOr-
lance of recent disclosures north OF
the sioux Consolidated lines. join TO
make this one OF the most attractive
Issues on the local board.
Columbus Consolidated is now de-
Hnquent This property IN spite OF us
many dlsappolntments, has been for
years one or the best traders on the eN-
change. The fluctuations usually are
violent and there is little expectation
that the price viii fall below its exist
ing low mark. The nagement is
working in what is deemed a Yalua bic
section of the property, east of the
tunnel.
Federal Ely is being supported by
ahf EHAolH NlaAlAAAA lLal a uedl Is on Tor
the change OF control 10 strong inter-
ests AT 80 cents a share. The greater
portion Of the issued stock Of this
company was placed upon the market
Al 81 per share. and a great deal Of
lhls is now IN pool pending the de-
termination or the reported deal.
Million Tons Ore.
Grand Central remains quiet market
wise. IL is estimated that there are
100000 tons of ore blocked out in
this mine on which the company can
realize 50 10 81 per ton net.
Iron Blossom viii likely pass It's De
eember dividend. no market having
been found for its silicous ores This
airy, ana "A solution 10 the present diff
1lculty may come 81 any day.
Little Bell has started mill opera
lions. The company has installed this
plant met expenses and has maintained
dividends al the rate of cents a share
per quarter. Its earnings now should
be greatly increased.
May Day continues 10 be an active
and attractive issue on account of the
100 level operations being near the
ore. Mine conditions are satisfactory.
Nevada Hills Is attra Give for the rea-
son that there is so little OF the stock
ON the market Mill installation is
progressing rapidly. and the work of
blocking out the ore bodies is progress
sing without a hitch.
Ohio Copper affairs seem 10 be IN
tangllug slowly but surely. The coma
panE is Installing the second section
OF the mill. and the plant should be in
completed form by the turn of the
ear.
sioux is reported 10 have twenty feet
of ore on che $50 level. This company
hus not reached the end of its dividend
period by any means and a substantial
find Of new ore which should be made
any time. viii create OF present pur-
claSes one OF the banner investments
OF the wear
Fat Treasury.
Tintic Empire has 100000 shares Of
treasury stock for future work The
property lis spleuGidiy located and auv
important eastern Tintic DEVELOPMENT
VIII react favOrab bly, on its stock value.
eStern Nevada Copper is being
steadily accumulated at increasing
ranges a settlement OF existing COM
pany difficulties seems imminent, on
which, in view of the railroad and
smelter work at Mason. the stock
should return 10 something like its
former activity and strength.
Among the cheaper stock which we
deem extremely attractive are Beck
Tunnel, Black Jack, Cedar Talisman.
Mineral Fiat, rinuc Central Ttntic
Com binat ion, Utah Consolidated and
lexington Copper
The unaltered or sulphide ores. found
IN he Prince, run over fifty per cent.
lead and 1000 ounces silver. The wa
ter IN Centennial indicates that such
ore viii be found in its property. The
ltme-shaie contact was found al $40
Feet, shaft depth. Permanent water
level was also encountered at that
point. The first ore bed is exactly
sixty feet below the lime-shale contact.
The finding OF water uecessitated in
stalling larger equipment ana pumping
plant which is now on the ground ana
VIII be ia operation by December g.
Before Christmas the ore viii be
reached, On the contact the same char
aeter OF ore was found as in the Prince
AZ that point.