davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
COPPER STOCKS ARE
STEADY AS A RULE

james \. Pollock & Co. bankers and
brokers furnish tho following, received
over their private wire yesterday after"
noon:
Paine. Wcbber & Co.. Boston-North
Butte was again the center of interest
i'm tic local market. Selling was hcaNH
by tired and frightened holders, but the
buying was in greater volume and the
stock showed a rally OF a point and "A
half from the opening. We believe TINS
stock is worth more money than II Is
selling for. and that holders should not
be forced out by any such move as ma mas
been going on The past few days. The
other coppers were practically stationary,
very little stock coming out In spite oi
the saggng market in New York,
Logan & Bryan. New Yorll-It was
quite evident that buyers OF securities
today wcre not so confident as ncrcto-
fore Of tho correctness OF their attitude,
The principal news of the day was the
decision handed down by the supreme
court OF Missouri against the 1ntcrna-
tional company. and In favor OF the state,
the judgment being that the international
have to sever 1T relations with the IN
Iernational company OF New Jersey, or
else cease to do business within the
state OF Missouri. The effect Of this de-
vorable influences OF the settlement of
the Tobacco plans. It being generally
realized that many other corporations
will have 10 dsntegrato along lines
cred in the Tobacco case.
In addition to the foregoing. fears
were expressed that the forthcoming re-
port of what is known as the iisdley
commission. which Will deal primarily
with extent OF stock and bond issues.
would treat rather critically the methods
employed in connection with the lorna
ton Of corporations during the past
decade and perhaps in great part check
the ambition and desires OF those whose
spirit Of economy has done much toward
reducing operating costs in the various
fields OF commercial and industrial en-
deavor.
We have advised for the past few days
against climbing for stocks on the ad-
vauccs and suggested that at least part
profits he secured on long stocks, and
we continue Ia adhere 10 that view and
believe from the character Of selling
both yesterday and today that further
headway I'm the nature Of declining prices
may be made until the present tech
nical weakness Of the market is inn
proNPI
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
.PESS|M|ST MAY BE
WORKING OVER TINE
Greater Part of Everything
the World Uses Comes
From This Land.

The pcssiniist Is one of the most use
full varieties Of the genus homo. serving
RS a sort Of break or governor upon The
enthusiasm of the less mentally prof.
cient. but his function often may be
over emphasized and he should remcm-
bcr that he shines best only when giving
tho optimist 4 chance, The expression
often has been heard during tho pres
cnl market slump throughout tho land
that this is too great and TOO rich n
country 10 permit tho bears TO prevail
over-lons. And along this linc Of rea-
soning the following statement just is
sued by Thompson. Towle &c Co. win
prove of interest;
There are two classes watching events
from different viewpoints-one is the OPP
timist the other the pesslmist. While
this may not be the time for extremes.
either In optimism OF pcsssmism. there Is
not much I'm the statistics regarding our
resources on which 10 take a pcssimisuc
view,
The United States which has only 30
per cent Of the worlds area I'm square
miles. and but So per cent of the popu-
lation. produces;
76 per cent Of the corn OF the world /;
20 per. cent Of the cotton; % per cent Of
tho copper; 81 per cent OF tho coal 26 per
wheat; GO per cent Of the petroleum; AZ
per cent of the pig iron; II per cent OF
the tobacco, III per cent Of tho oats. Il
per cent OF the gold,
The vast amount OF money represent
ed by our =, 100. .000. 900 bushels Of corn.
65o .0O0. .o0o Of wheat. li,0o0.0oo bales OF
cotton $4,000 900 tons Of coal $4,000. 600
tons of pig Iron aud 10000, 100000 pounds
OF copper, to say nothing OF the other
products, supports the optimists position
that this country is too hiG and It's re-
sources too magnificent to long sit down
and twist It's thumbs.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
WORK IS
PAYING MIGHTY WELL

October production at NlpisSnS
amounted to 5Sl 1856 ounces Of ssITGr sinent Na
valued at S225.2s2. These lignres COM
pare with n production Of ia6,6?i ounces.
valued at S2210Sg. and With shipments
valued at $239, ,Si3 for September or the
shipments made in October II is inter
cSiin- 10 note that approximately 9' per
cent was produced in the company >. new
high grade mill, say Thompson, ToWIe
& Co
The most important development OF the
month was tha, of Nci in No. t". whlch
continues favorable. Ia new stope.
which has bccu started between the trst
and second levels. the vein is showing
from { To IL inches Of silver ore assayine
800 ounces. The main slope continues
TO pr9dusc lars% puamt'T sooo nnce % orc erht rht
inches in width.
ON the .5O-root level dcvclopmcnts are
meeting with good results. After 80 rect
of drifting TO the eastward in unpro'it-
able ground more than l2i feet has been
driven I'm commercial ore with the race
at present showing six inches OF lSOp-
ounce orc. \ raise which Is up Sc feet
shows for greater part Of the distance
1900 ~ouncc ore I inches in width.
Al vein 81. on the third level. new
slope has been started on shoot 80
feet In length. IL inches in width. aver
aging 1900 ounces of silver rcr ton. while
Il now stopc on vein No. 100 Is prcduc-
ing a good tonnage from the lode, which
is two inches In width and runs 5000
ounces per ton. ON the latter vein at
the 100 level a raise is being put up to
devclop the ore between two raises $50
feet apart, over this entire distance the
vein Is 3 inches In width and carries
$500 ounces.
other developments worthy Of mention
were those NJ vein No so. where In a
raise which is being put up from the
900 TO the a. level the entire distance
should average 1000 ounces one or two
inches in width. At veins No. 10l and
No, l22 crosscuts encountered two parallel
lodcs assayinG 1900 and so ounces rcspec-
lively. Az vein No. I2D the condition was
practically the same in September.
namely. showing one to two inches Of
1000 ounce ore in the raise
The new jigging plant, which Nipissing
is erecting AT vein No 73 is almost com
pleted and should he in operation as soon
as some necessary electrical construction
has been finished.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
LINE IS
NEARING EXTENSION
Alta Tunnel Operations Soon
to Be Carried Forward
More Speedily.

General Manager Frank e. Cook OF the
Columbus Extension company said Tues
day that the Knight Power company was
now engaged in extending its power line
across the two miles to the Extension
property. and that had II not been Tor
the scvcre storm Of the past few days
this line would have been available to-
dar As Il Is. everything is expected 10
be ready for work by the last of TINS
week, from which time on the manage
ment will have all the advantages ihci-
dent to uninterrupted electric energy
Pending the completion OF this tank the
Extension management is making rca-
sonablv good headway by working with
hand power. =,
Mr., Cook states that the tunnel is
showing ~ considerable amount of copper
stained material, which is extremely sig
nificant as Indicating that f]ssure is
not far distant from the present race,
Whether or not this near !issurc lis the
Toledo vein, which Is the objective point
of all the work. he Is not prepared To
say. but that il may he is evident from
the fact that about two weeks ago The
tunnel had gained point vertically be-
lowe The apex OF this vein. and the dis
;ance 10 the vein itself from the breast
Mt that time is nothing more than the
dip OF the vein. Mr.. COCK states that
present conditions are decidedly en-
couraginc.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
SOLID ROCK WILL
PROTECT PROPERTY
Utah Mines Coalition Has
Placed Machinery and Of
flee Underground.
CAN DEFY SNOWSLIDES
Boarding House Is Located
Beneath Two Hundred Feet
of Solid Hill.
CAN DEFY SNOWSLIDES

The extent to which the Utah Mines
Coalition company can bid defiance to the
coming winter and it's snowsldes, the
company having lost three men and ralu-
able time last winter from this cause Is
apparent from the extensive arransc-
mcnts just being completed up Big Cot :
tonwood Duncan MacVichie, president
OF the company, made flying trip 70
the mine Monday. starting at in INC
morning and reaching the city by AZ
night trip unexpectedly brlct cohsIa- :
ering the quality Of winter weather no"
being experienced up the canyon ana l'S
nature of the roads.
In large space cleared away near tlle
mouth of the tunnel ana coniplc'eIS ul
dersround the management has ihstaleu
The compressor. blacksmith shop. assay
office and company Office, ana all 'ncSe
accessories are now being used regard :
less OF weather conditions. The miners
boarding house formerly was located az
the base OF Tie cliff where II WAS thought
to be immune from slides, but winch laSt
January. was directly in The pam OF
disastrous slide,
This cliff has been cXcavatcd sufficient
.lv to hermit tho erection of the board
ing house, the front Of which looks out
upon the open air OF the canyon, oti,
over The roof is solid rock ?oG tect IN
height so should the slide OF last WIN
ter be repeated there Is absolutely noun
ing on the outside to be damaged. These
preparations naturally have taken time'
but Mr. MacVichie and ms ass"c'a.es .,' a,.,
feel That they have protected their en-
pluyees and machpcry To tho most COM
pIcle extent possible
conditions at the property, says Prcsi"
dent MacNiCmc. arc satisfactory In every
way. All the mine workings arc chokcd
with ore. and shipments have been IN
,crfcred with FOR several days oWipS To
Inc storms which the teamstcrs would
NOT face There was total fall of three
Icnt of snow Monday at the mine. and
many OF the drifts were deep enough To
bother the horses materially.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
]. E. SPURR GOES WITH
TONOPAH COMPANY

The Tonopah Miner has received official
ttelegraphic adyices from the l'2nopah
that Josiah j.. Spur the well known
geologist and mining expert has been APP
pointed second vice president and advis-
Ing engineer 10 the company, and after
January ] 1912. he will devote his time
exclusively to the interests OF the Tono-
pah Mining company of Nevada.
For some time past IL has been we'll
known that the company intended extend
Ing the scope OF its operations. by pur-
chasing other properties. and thus prof
itably utilizing the immense cash re-
sources at its command. For many
months it has held a working option on
properties at Aurora. and development
work there is being conducted under the
direct supervision OF Mr.. Spur, whose
name Is so closely Identified with Touupah
and southern Nevada, on account OF his
numerous contributions To the geology Of
this section His association with The
Jonopah Mining company Of Nevada per-
fccts the organization of that corpora
tion, which is now efficiently and fully
equipped to carry out its policy OF pur-
chasing and operating gold and silver
mines,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
TUBE MILL NEARLY
READY AT PARK CITY

A concentrating plant at Park City is
nearing commission day, TO which at
taches n considerable amount OF interest
among local milling circles. This plant
is being installed by A. j. Miller and Il.
j. Beggs of Salt Lake. being composed
entirely OF the MacQuistan tubes. twenty
four in number The mill is being erect
ed on one Of the properties OF the Grass
CEN Chemical company for the purpose
OF retrcating The tailinSs containing some
lead. but whose principal metallic content
10 be rescued is the elusive zinc
The MacQuistan process is in successful
operation at the Morning mine IN Idaho.
and in other places Of the west has been
given the opportunity Of demonstrating
Its fitness where other methods OF con-
centration have heen tried in vain. The
system has been fortunate especially in
cases where other methods have been only
partially successful. and ii is with this
purpose in view that the plant at Parl,
city has been decided upon. Its oper-
Stions VIII be studied closely by all who
handling OF low-gradc material.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
ALASKA NO EASY
PROBLEM TO SOLVE
Government Leasing System
Is Discussed Widely Pro
and Con.
APPLIES TO ALL WEST
Capital Refuses to Invest Un-
til Resources Can Be
Realized Upon.
APPLIES TO ALL WEST

The entire western country. with COAL
oil, mineral and phosphate lands ana
water sites Withdrawn by the govern
mcnt. is vitslly interested in tho solu-
tlon OF The Alaskan problems. for inc
course of tho government in inc lar
north doubtless will be the same ciSc
where, the question everywhere peIus S :.
wise and logical course Of developing tlc
remaining natural resources oil Inc h"-
ton.
Following Secretary Fishers report at
tlc recent mining congress session III
Chjcaco there has been unlimited com
mcnt for and against the policy OF INC
government leasing tho lands III cues
ton. The following cdIiollai eMTuapt ,,ld ~
Mining journal is timely IN TINS cohtec-
iion;
Depends Upon Terms.
III congress he now led TO provide
leasing system for Alaska, much will de-
pcnd npon The terms These should not
Impose any limitation rs TO time: but
should provide for rcadiustnent OF roy,
atty at reasonable periods. There should
be conferred the right TO secure large
areas OF coal land as much as 2560 acres
in all cases and mp 70 1850 acres in GER
tain cases. based upon graduated schcd-
OF the coal in the several fields as re,
ported by the United States geological
survey. There should be the minimum
Of governmental supervision. except inso-
cerned. The matter OF ROYALTY will be
difficult 10 adjust, II should be reason
able and low, recognizing that the coal
will come into competition With Califor
MIA petroleum and Will be greatly linz
tied as 10 market by tho latter. but what
may be n reasonable royalty AT one place
In Alaska may be quite unreasonable at
another.
Essential Thing.
"Tho essential thing Is TO throw the
Alaska coal lands open to development
and do il quickly. There are some pur-
poses, some branches OF smelling. for ex-
ample. for which petroleum cannot be
used and for which coal is required. What
Alaska needs more than anything else is
moro railway. but no one is going 10 PUT
his money into that kind OF development,
or any other, so long as the resources
OF the territory are locked up. The proper
policy is TO release them and leave all
the rest to Individual enterprise, which
VIII quickly 30 ahead If there is any
money To be made. ff there is not and
private capital will not take hold, the
government should not.
Any schemes to have the government
buy the Alaskan Central railway which
Secretary Fisher has been told can he
acquired at cost and recommends or the
Copper River road. which no doubt could
also be acquired AT cost should he
promptly turned down. If Alaska bc sad
died with any loads its future will be
dark indeed
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
STEWART WINZE IN
ORE AT GOOD DEPTH
Special to The Tribune.

Special to The Tribune.
SPOKANE, Wash. Nov. 1i.-Willinm
Beaudry, superintendent of the Stewart
mine i'll the Occur d'Alcne district con-
firms the report of the recent ore strike,
saying that the vein mas encountered In
the winze and adding that il may 20
further than the wlnze. The miners arc
In ore at a depth OF 185 feet While
much first-class ore is being taken ont
every day the opening OF the new ore
body Will greatly increase The shipments
OF pure galena.
The fact that this big ore body OF
great richness has been struck i'll the
upper workings has greatly encouraged
the stockholders and they look for much
when the long tunnel now being driven,
encounters the ore body. This tunnel is
going ahead at the rate of about loo feet
a month, and unless more than usual
difficulties are met with in crossing the
Osburn fault the ore body should be
reached early next spring
The facilities Tor working on the new
tunnel have been improved with the in
stallation OF electric lights and better
air supply. The crew has been enlarged
and the three shifts have worked CON
tinually with, results which have set Il
record in tile Coeur d'Alencs
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
SALT LAKE WILL BE
BENEFITED BY CANAL

James MrNeece, an old-tme resident
OF Utah. but now one Of tho substantial
mine and oil land operators OF San Dicgt.
Cali is in the city. Il guest at the Hotel
Utah, Mrs McNcecc is n firm believer
I'm his home town. stating that San Diego
stands 10 be benefited more than any
coast city by the operation OF the Pan
anna canal. He believes also that Salt
Lake will be benefited more than any
other western inland city through the
same means.
Twenty-Five years ago Mr. MoNeecc,
with a Tribune representative, was one
of the first TO reach and the first to re-
turn from the booming gold fields of
southeastern Utah The excitement was
warm and promised TO break on, into one
OF the real spectacular booms OF the west.
But the report brought back by Mn Nc
Neece was not satisfactory and the boom
disappeared
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
ASKING PRICE FOR
COPPER HOLDS FIRM

American selling agencies arc offering
no copper for sale at less than ~ cents
ern advices. and copper sentiment is
growing stronger continually. one Bos'
ton authority points out tho following
figures on copper which, in view of the
fact that the period covered is one Of
general business restriction. arc decidedly
bDIHsh: Pounds.
Visible supplv. Ian /. 1909 80 pa O13. 7d6
visible supply, Nov /, 1871. 27G .SSf, ,36G
Increase I'm 9 years. 10 months 26.sl0,6lG
Decrease in invisible supplies
same period .......,...s....Fl5o,o ,oVo
Excess consumption over pro-
dnction NEUTRALITY-SUSPICIOUS., l21, iSo,]et
ESTIMATED.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
UNLISTED ISSUE IS
TUESDAYS FEATURE

II remained for the Thompson- Quincy
stock Tuesday on the local exchange to
lend a feature character TO the day =
trading. 5000 shares Of the stock selling
from % to IS cents per share. Trad
lug. however, was NOT confined to amy
one issue. but it was distributed all
round the board unusually well. One Of
the weaker features of tho day was
Trncle Sam. There seems 10 be much Of
the stock for sale.
Sales for the day reached n total Of
o201 shares Of stock the market value
of which was SS1Ia.So. Tho following
were the closing unlisted and listed stock
transactions.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
FREIGHT PlLlNG UP
FOR PALISADE ROAD

1t is reported that all kinds OF freight
is accumulatlng al Palisade, and that
practically all OF ii may he held until the
Eureka * Palisadc road has been recon
structed, the contract for which import
ant work has been let Much Of this
freight consists of holiday goods and
coming into Eureka on the rebuilt line
Will constitute double Christmas gift
IT Is interesting TO learn Of this freight
business al one end OF the line. FOR ii is
known that there is abundant orc at the
other awaiting the completion of the
road.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
NOTICE TO CONTRACTORS.

Office ol the board OF puoiic works. Salt
Lake City, October rs. 1911.
Sealed proposals Will be received at this
office until 7 30 p. ~ Friday November
18th. 1911, for constructing pipe sewers
In sewer extension No. 296, Rice street
(Fostcr street, north from Ninth South
street. between State and Second East
streets, according TO plans oil Tile In the
city engineers office.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15

FORENOON SALES
Colorado. 500 at soc: 100 at 29ic.
Columbus 800 at 29c
Crown Point, 1000 at 4ic.
DAILY. 200 at 81 25; 100 at 81 27s
Iron Blossom, 1000 at 81; 500 at 81, SELL
er sixty days.
King William. 500 at 4ic.
Lower Mammoth. 1000 at olc
New York, 1000 al &c: 1000 at sac
Ohio Copper. 100 at Sl.20
Opohongo % at 2lc.
Pioche Metals, 100 at 1c.
Phoebe DemiJphn. 100 at 9sc.
Prince Consolidated, 100 at eOc
Seven Troughs. 200 at 4lc.
Sioux Consolidated. 1900 at 11c, 200
at l4ic; iG at lie.
South Iron Blossom, 1000 at &c.
Tintic Central. 1000 AT lac.
Uncle sam. 1000 at 24c.
Victoria Consolidated, 600 at 63c; 500
at 6ic.
Shares sold. 22.fG6.
Selling value. sil9619.
OPEN BOARD.
Colorado. 100 at 30c.
Cedar Talsman, 1000 at 33c,
Keystone. 100 at &c.
United Tintic, 1000 at &c: 1000 at sc,
buyer sixty days
YerIngton Copper, 1000 at 3Ic.
Shares sold. $500.
Selling value. s6oi.
AFTERNOON SALES.
Black Jack. 200 at 10c.
Ccdar-Ialismsn. 2ooc at 3ic; 100 at &c.
Crown Point 1000 AT Sac,
Lower Mammoth. 1000 at 2ac.
May Day. $50 at lie.
Pittsburg Idaho 10 at roc.
Sioux Consolidated, 90 at l3c: 500 al 1ic J.;
GOO at 13ic, seller sixty days.
United Tintic. 1000 AT iSc.
Uncle Sam. 800 at 235c; 2eoO at &c;
800 at 22!c
Victoria Consolidated, 100 at &c.
Shares sold. ll,$S5
Selling value. s13I6.e0.
OPEN BOARD.
Beck Tunnel. 1900 at lSc
Ccdar-Talisman. 5000 at sac.
Colorado. $50 al 29c.
Crown Point. 400 AT 4lc; 1000 at iic.
DAILY, 100 at sI.2T5.
Uncle Sam 800 at PC
United Tintic. 1000 at iSc; 5000 at 5c,
buyer sixty days
shares sold. 1880
Selling value s2547 so
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15

Instructions TO bidders. tose,ndg' ad for<
plans. proflles. specifications ID a4'o oobtsin.
ior contract and bond; may .,no ue Of
upon application at the OLE ,he city en-
SSsT beard ,0r OF PI4i66 PWhie6 S deposit Of ave s'
dollars is required. sry q
The right is reserved to reject
all bids. - hubble woI
n3554 II. G. MCMILLAN |"'
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
UTAH COPPER GOING
TO INCREASE OUTPUT

The cast takes it for granted that the
Itah Copper company Is soing 10 CON
tnue increasing Its copper output from
month 10 month until the rate Of l50,
900 600 pounds per annum Is gained, This
view is taken from the fact that the
greater the production the lower the av
craSc cost per pound, the last quarters
results. for instance. showing tho great
est copper output OF the compauy's his
tory also showed the smallest cost per
pound with but one exception 1t is cX-
pccted by many that with an average
production of l50, 100000 pounds per an
mum the company will make its metal
lOr not more th9n d Ccnts per pound.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
Coughing at Night

Means loss of sleep, which is bad for
everyone. Foley's Honey and Tar
Compound stops the cough at once, re-
lieves the tickling and dryness in the
throat and heals the inflamed mem.
branes. Prevents cold developing
into bronchitis or pneumonia, Keep al.
ways in the house, Refuse substitutes.
Schramm-J ohnson Drugs. five stores.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
Orc and Rnllinn

The ore and bullion report for rucs-
day. given by Mccormick & Co. was as
follows: Orc received. $4,000: bullion
shipped. $4,000. total 500. 600
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
Metal Market

The metal quotations for TUESDAY.
posted by Mccormick & Co. were as fol
lows: Silver. o6sc; lead. si2J copper.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-15
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, 1911-11-15

ing the winter is much
warmer than the interior
towns and surf bathing is
enjoyed throughout the sea-
son The famous Virginia
Country club. finest 9-hoie
golf links I'm west. tennis.
driving. excellent auto
roads. Beautiful folder on
request Carl Stanley, man
ager.