davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
RYAN ADDS A
WARMING VOICE
President of Amalgamated Is
i Fearful of a Coming Cop
per Shortage.
PRICE MAY REACH
TO UNWISE RANGE
European Demand for Metal, if
Maintained, Will Eat Up
Surplus.

The world snickered audibly when Dan
lei GugYenheim. president Of the Ameri-
can Smelling & Refining company, pune
tuated his departure for Europe early In
the sprrng with the expressed fear that
a copper scarcity might occur some oil
these days. bringing In Its wake an nn-
desirable appreciation In the market
price OF the metal Such condition
in view OF the pessimistic Views others
were airing on the copper situation, was
not thought likely by g.eat many put
according 10 Saturday wires from Bos-
ton. John D. Ryan. president OF the
Anialgamated Copper company gave en-
preston 10 practically the same view on
his return from an extended visit 10 the
west.
Mr. Ryan is quoted to the effect that
the copper producing industry ls en-
loving the most satisfactory conditions
OF any at the present time Europe. he
continued. is absorbing over one OF
the American copper production: ana
should the foreign manufacturing DE ,
mand for the metal be maintained at
the present rate IL Will not be very long
until this country shows greater COP
per shortage than was the case In lsO6
He expresses fear that such condition
Will have the effect of driving the price
OF copper Ia high level. meaning, per
haps. purchases at uDwise heights OF
curtaiment In the use OF the metal,
This unanimity OF opinion among the
best informed copper authorities is with
out question certain to counteract the
bcarish tendency OF the consumer, the
consumer is unwilling to lay In anything
like normal stocks OF copper In rhe ex-
pectation of increased production more
than meeting the demand. Tho July
domestic production Of copper, excepting
February 1911. was the smallest In over
a wear and a half. The average July
output was 3,el8.S2o pounds. and this
was the lowest since December, 1908 On
August / 1911, the visible stocks of cop
per totaled 137.73sS5S pounds, while the
consumption for July was 131 .S63.240
pounds. Tho exports OF copper IN 1910
were a little over SIC 900. 900 pounds. and
the. rate of exports for the first half of
1911 was over 600 pounds per an
mum.
copper situation a dark ht.e.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
DENIED THAT A MELON
is TO BE CARVED

The statement which has been going
the rounds Of the press. to the effect
that seventy million acres OF coal land
now withdrawn are 10 be restored to
entry as the result of field Investigations
now being conducted by fourteen geo
rector George Otis Smith as grossly mis-
leading, II not absolutely untrue. THE
dispatch evidently emanated from
Seattle" said Director Smith, land is
based on an alleged interview with w.
4 Calvert. a geolosist of the geological
survey In a letter to the survey Mr.,
Calvert states that ne refused TO give
out any statement"
What Mr., Calvert could have stated. -
said Director Smith. "is that the ap-
proximately seventy million acres of coal
lend In the west still belonging TO the
government would be examined and
classified by the geological survey as
rapidly as the appropriations made by
congress will permit. The fourteen sur,
be able to cover but a small portion Of
this enormous area. inasmuch' as the
coal-land surveys are made in very ac-
curate detail for the purpose OF classi-
flying and apprais!ng the coal lands"
Director Smith calls attention, however,
to the fact that this entire coal land
area. belonging TO the government is
entry. the government reserving the coal
rights only. Under the highly impor-
tant Mondell act Of June %, 1910. sep
arating surface and coal rights. any gov
ernment coal land. however valuable for
coal. may be entered by the home :
Thus the present coal land Withdrawals
and classiflcations do not operate to re-
tard the home making development of
the west
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
Mines and Mining in Ore Districts Of Ut2
PARK CITY MERGER
NEWS ABOUT READY
Statement to Daily and to On
tario People Will Be Is
sued Soon.

Some time during the week state
ment will be Issued to the stockholders
Of the Ontario and the DAILY Mining com
panies setting forth the plan OF consoli-
dation OF these Park City properties
The details Of the merger have not been
completely rounded out as yet, but II II
known that new company will be or
ganized. possibly under the laws OF the
state OF Nevada. which will have
300, 900 share capitalization -
1t is hardly likely that much, III any,
OF this stock will be retained In the
treasury. for the new company will In
herit from s125 900 to $3.50. 900 cash, which
approximate sum is now contained In the
TREASURY OF the two organizations, The
capitalization Of the Daily and Ontario
companies at present Is 10000 shares
Daily has distributed ss,s25.ooo in dlyl-
bursed 1852, 500 In dividends.
Operations have been under way, at the
Daily for some time past and very en-
couraging ore showInss have been re-
ported during the past month. The On
tario property has been operated largely
and results have been moro than salts
factory to the operators. The two prop
critics have many things In common,
among which are adjacent groups and
valuable drain tunnel interests. On the
taking over Of these two properties by
the new company. should stockholders
act on the matter favorably. one more
active company Will be added TO tho list
OF Park City propositions.
j. r. Bamberger, president OF the On
tario company. has been In the city fer
several days past, partly on this deal
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
T0N0PAH COMPANY is
MAKING LARGE PROFITS

The financial condition of the Tono-
pah Mining company, according 10 the
statement sent stockholders with the last
dividend checks. shows that the COM
pany has quick assets on hand includ :
ing cash, OF S1.466. sos. This includ es
cash on hand OF si52.sl2 silver bullion
In storage amounting to $56e,72 certlfI-
Gates OF deposit. 1926. 900. and loans on
collateral OF 100000.
During the last quarter the gross earn
ings OF the company amounted to sS6s,
lbI. The expense Of handling this
little over so per cent OF the gross in
come Net earnings for the quarter we're
$4aS .93o. which together with the mis-
cellaneous income OF Sl1,624. gave gross
net Income for the quarter OF s435, $50.
Az the dividend amounted to $500 900,
the company was thus able to add s35,-
900 TO the surplus for the quarter
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
ETHICAL PHASE Of
BUSTING OF TRUSTS
Spencer Trask 4 Co. Predict
an Awakening of the
People.

The August market circular Of Spencer
Trask & Co. OF New York discusses the
dominant phase OF present politics. that
OF Investigations. saying In part.
We are far from questioning the pro-
priety OF many OF these Investigations,
but what we should like to know Ia
what. In the last ANALYSIS. liz their mo-
tive2 II the government has set Itself
10 punish every individual or corporation
who dares come TO an agreement over
prices with rival. or, put In another
Ing competition between individuals or
corporations whether they will IL or not.
then would II be well to know how far
the law demands that THIS competition
go. Is IL to be Just nic%,. polite rivalry,
such as exists between iwo gentlemen
who meet In q bloodess duel and then
consider their honor satisfied, or Will the
government force these rivals into such
bloody battle that the field will be strewn
with wrecks and even the victor left In
an exhausted condition. We feel that
these are points which many OF those
politicians who talk so gl!bly OF bust
ing trusts" should seriously consider
Fortunately the public seems 10 be
realizing that these Investigations are be-
pose of satisfying political exigencies and
is coming TO the conclusion that the reVec
lations OF corporate malfeasance dating
back To years ago ref1cc,e past rather
likely 10 take fright and Aell out security
holdings. This Is not only evident from the
most casual observation. but is proved be-
yond' question by the steady and nota-
Of practically every one of our large
railroad and industrial corporations, AS
this conviction increases, and as large
Individual holdings give place to the
towards depopularizing the trust bust
ing movement and will at the same time
lead 10 more ethical conception Of busi-
ness conduct and the rights OF competl-
tors.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
PLANNING DEEP SHAFT
IN G0LDFIELD CAMP

Details OF the plans for sinking the
20o0-foot shaft on the property OF the
Merger Mines company are now being
worked out, and actual work Will be
hle These details include such questions
as TO whether the work shall be done by
days pay or contract, the character OF
power TO be used the exact location of
the shaft. the securing of timbers and
machinery construction OF buildings, and
many other things that enter into prepa-
rauons for so gigantic an enterprise. says
the Goldfeld Tribune.
In the meantime holders OF st. Ives
stock, one. OF the subsidiaries OF the
Merger Mines company. are rapidly
complying with the request OF the Nfer-
ger officials to exchange their ST. Ives
stock for Merger so that the new plans
OF the Merger company may be carried
out smoothly and hasten the accomplish
Merger. Mines company and the Goldhe!d
Deep Mines company. The ready response
OF ST. Ives stockholders to the request
that they exchange their stock for Mer-
disposition TO cooperate fully with the
new order of things and for the deep de-
velopment of the Goldheld ore zones
This project continues TO be the prin-
cipal topic OF discussion In mining and
business circles. and 1t has caused a
general uplifting of the PUBLIC spirit and
created a more hopeful feeling on the
part of the people in general. Mining
companies and mining stock investors are
feeling the stimulating inuence of the
new activity which the deep shaft prop
osition will bring, and all are looking
forward to the early consummaton OF
this enterprise.
Its effects will be far-reaching. lnclud-
ing an increased payroll for the camp
large supplies for mining operations
more business for the merchants, gem
eral bracing UP of public spirit and the
will put new life into other mining en-
terprises not only In the inside" terri
tory, but on the outskirts OF the district
The Goldneld OF the future has a bright
prospect.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
WILL LOOK INTO
COPPER AFT AIRS
Government May Start an In
vestigatiOn of Producers
Association.
CONSUMER TO BE
THE MAIN LOSER
Producers Have Shown Their
Hand All Along to the
Other Side.

'If II is true as reported from Boston.
that the government is making an in
vestigation OF the American Copper Pro-
ducers association. then we as n nation
are becoming investigation mad" said
one Of the best versed copper authorities
In Utah, who was shown yesterday a
dispatch announcing that such an inVes-
tigation WAS being made.
"The Producers association, he con-
ganization Of the DOMESTIC copper pro-
ducers the function OF which, Judging
from results to date, iss TO compile and
publish from month 10 month accurate
statistics on the copper situation as
far as we know out this way there never
has been a breath Of suspicion against
the organization, for everyone will admit
that the consumer has been more oene-
fitted than the producer by the puoli-
cation Of these figures.
Prior to the Organization Of the as
sociation. the consumer was not In pos
session of accurate information regard
inG copper production and copper stocks
and he was carrying large stocks OF the
metal. When It became known, by way
Of these published statistics, just what
the real situation was the consumer
ceased accomplishing stocks OF the meta
and the producer began carrying the
surplus, which relieved the consumer
past"
The dispatch mentioned was from
Thompson. Towle & Co.. and was as
follows;
The department of Justice at Wash
ineton has recently undertaken an In
rcstigation OF the Copper Producers as
sociation. II the government would in,
sttute an investigation OF statistical
organization like the Copper Producers
association II is no wonder that the lead
Ing copper interests have taken no actor
looking toward a consolidation of proper
ties until 1t is determined how far cor
porations can go In combining interests
for the greatest good 10 the greatest
number.
"Some important copper interests would
not object to the government forcing the
disbandment Of tho Copper Producers as,
sociation, for the opinion is growing thai
since the association commenced the pub
lication Of its figures IT has proved q
detriment to the industry, in so for as
IL has kept q monthly report before the
consumers Of the country as to the
amount of unsold production and has re-
moved all element of mystery.
There Is no question but that the
Copper Producers association figures
have been OF greater benefit to the con
sumers than TO the producers, and II the
dlscontinuance OF these figures would mol
be too severely criticised in times like
the present, which demand the fullest
publicity In everything, We question very
much II the Copper Producers association
would be OF very long life. II would only
require the withdrawal OF one OF the
important interests to bring about Its
dissolution"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
GOLD BRICKS FROM
A JARB|DGE MILL
Fletcher Lease Will Ship Gold
Bullion During the New
Week.

H. ". Fletcher, general manager of the
Fletcher Leasing company, has informed
his Salt Isakc associates that tho mill at
the property In Jarbidge WIS given Its
first turning over last Sunday night.
Since then the management has given II
attention night and day. and the week
closed with the plant9 operating in first
class order throughout Mr.. Fletcher
says that there is not finer little mill
in the country than this and II he does
not reach Salt Lake City by August IS
with $500 or $4,000 worth OF gold bull
lion. the Salt Lakers Interested Will know
that he has eaten the mill. heads and
tailings.
George W. Morgan, ono of the officials
of this JarbidSe company, ia loud In his
praise OF Fletcher and his work for the
company. The estimated cost of the
plant was $l3o and Fletcher came
within s1oo of this estimate, Consider
Ing the distance from Jarbidgs to rail-
road facilities. the fact that such install
lation was pioneering and other Items
always bobbing up in such cases. this lis
a record OF which Fletcher has reason
TO be proud.
At one critical stage Of mill constric-
tlon the teamsters employed to haul In
the equipment demanded an increase OF
so cents on the hundred pounds. Fletcher
got busy at Winnemucca. and soon had
all the teams he needed at the old rate
per ton
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
FORENOON SALES.

fOREINOON BALES
Beck Tunnel. 200 at 16c: 800 at l6ac;
800 at lie.
Colorado, TOO at 42sc.
Columbus. 100 at 35c.
Grand Central 80 at 97c
Iron Blossom, 500 at s1.05,
Lower Mammoth, 500 at 22c.
New York, 1000 at &C.
Ohio Copper. 200 at $3.50
Phoebe Demijohn. 1000 at 12c.
Rexall, 1000 at 3ec.
Silver King Coalition, 100 at s1.10
Sioux Consolidated, 700 at 24c
United Tintic, 1900 at 4tc: 1000 at 4Ic,
Victoria, 1000 at soc; 1000 at sac; 200
at Soc. buyer sixty days,
OPEN BOARD.
Colorado, zoo at 42tc
Indian Queen. $500 at &c.
Iron Blossom, 1000 at $105; 500 at
$1.07a.
Ploche DemiJohn. 1000 at 12c.
Plutus, 500 at &C.
Rexall 1000 at 33c
Uncle Sam. 400 at 4S2c.
TOTALS.
Regular, II 500 shares for 1892
Open, 23,400 shares for $i2S4
Total, $3.50 shares for s7566.
WEEKS TOTALS.
aos637 shares for s52,41220.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
DAILY JUDGE 81
HARD At Vl
Company Doing Great NJ,
Development in Park Al
Ground. \
SEVEN HUNDRED AND Z
FIFTY FEET N h
Yet Surplus Is Being ldaJ
Through the Large q
Shipments.

The July operations OF N. NJ.
company were the subject ~
able favorable comncn, o. g
among many Stockholders
lustrate the extensive ara" @f
velopment work being done a, hr :,
City organization. Then az ~ ~
Tribune, General Manage,
stated that during July N. -
ment drove a total Of I5o t.s,
opment work. and there wers
lays picked out OF the month, NJ
Development. work In the NJ
is being carried forward on NJ
from the 700 to the 23eb, boih h..
and II Will come somewhat as
prize TO many that the manasss
gained the 1900, This hapnT =
Is due to the drainage aEyyss-.
tered into over year ago Win h.
tario, DAILY West and DaIv ~ ess
which affords the DAILY .Jnde. A Is
an ideal drainage system Ia -
unsounded depths.
Despite this heavy cemusIss /
velopment work. the msnasS
adding TO the cash surplus r.
TO month. which means thar n.
pany is better than self. .susia,si.
der the extremely heavy dsSs;
drain Mr., Lambourne STATED ~.
that the company's surplus at A.
Of July stood at approximateH
900.
More than 1000 tons Of ore xsrl
during July, OF which 1860 ioss I
ing the zinc ores, were shIpos4 !
TO market The property Is H.
very satisfactorily to deyeIopm1S
the management was never IN
sion Of more gratifying racilluS
operations than X Is today fh
Judge is shaping Its affairs IN
typical Of the camp In which US
ertv fs located. -
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
QUIET WEEK Is ENDED
ON LOCAL EXCHANGE

A week of quiet trading terminated on
the exchange Saturday noon, the total
sales for the six days be Ing lQ6.6 shares
Of stock, the market value OF which was
$50, 4l2 go The half day session yester.
day was productive of sales for S5,95o
shares OF stock. the market value or
which was sT566.
The unlisted sales yesterday were as
follows: South Hecla, 700 shares at 30
cents. and 100 shares at sc cents. Colum-
bus Extension. 1000 shares at IL cents and
1900 shares at 1l3 cents share. The fol-
lowing were the closing unlisted and
listed stock transactions.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
JESSE KNIGHT LIKES
NEW MINERAL SECTION

Special 10 The Tribune.
PROVO, Aug 12-Jesse knight has gone
on record az stating that the country east
OF Provo Is going TO become a wonderful
mineral section. and to prove his theory
he is going to send in the Bonneville
in over 700 feet now and a GOOD flow Of
water has been encountered
g II. Bullock has received word from
the Eldorado property that the tunnel. In
zoo feet. has hit a two-foot streak OF ell
yer and gold ore. but owing TO the lacL,
Of ASSAYS no idea Of its value is yet had,
Local shareholders feel very much elated
over this find
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
VETERINARY MEDICINE.

equal opportunities. The field for sci
entifc veterinarians is unlimited The
facilities and advantages for study IN
the San Francisco Veterinary College
cannot be excelled. Next session will
begin September Is, 1911 Write for
free catalog to Dr.. Charles Keane,
President, 1918 Market street, San
Francisco. Cal
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
LITIGATION DOES NOT
DULL SAMARITAN VIEWS

Although the Utah Apex and the Bing-
ham Copper companies OF Bingham are
involved IN n tough legal proposition
over the ownership OF certain ores, when
tho grass fires at Bingham q day or so
ago threatened the destruction Of the
Bingham Copper surface equipment the
Utah Apex people hurried to the scene
and put the fire out They did no more
no time was the Utah Apex property In
any danger from the fires.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13

The everlasting girl question is easily
and entirely solved by tho insertion OF
little want "sd' in The Tribune
Bell phone $500. Ind 800
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
Orc Shinmauts.

The Utah Ore Sampling company on
Utah and one car from Idaho camps.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
Ore and Bullion.

day. given by Mccormick g. Co, was as
follows; Ore received, $4,000; bullion
shipped. $50. 900; total. $40. 900.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
Metal Market.

The metal quotations for Saturday
posted by Mccormick Ss Co. were as fol-
lows: Silver, SIC; lead. $3.50; copper.
$3.50
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
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, 1911-08-13
Boston Mining Stocks.

James A Pollock & Co.. bankers and
brokers. furnish the following received
over their private wire yesterday after
noon:
RosroN COPPER RANCE.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
Nevadas in San Francisco.

James A Pollock & Co.. bankers and
brokers furnish the following, received
over their private wires yesterday after
noon:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13

New York Mining Stocks.
James A Pollock g. 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, 1911-08-13
TO NEW YORK WITH
ONE RELAY

With our New Duplex Private Wire
Service direct from Chicago We reach
all Eastern Markets Instantly. Fastest
market service Salt Lake has ever had
Correspondents members of all ex.
changes.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
NEW YORK CURB CLOSE,

Fruit and Harvest Festival.
Excursion rates to Brigham City via
Bamberger Electric and Ogden Rapid
Tickets on sale Aug, 18th to 22nd, in
elusive Good returning limit Of sale.
If your want be a situation, make
it known by the insertion of a want
"ad' in The Tribune
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
JAMES A. POLLOCK g. CO.
Bankers and Brokers.
ss3 1886 South Main Street.
Ealf I ake rlxU Iifah

Specialists in Utah mining and Indus,
trial stocks.
All listed securities carried on liberal
margins.