davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
Of SEVEN
TR0UCHS COMPANY
Manager Friedman Sees More
Encouraging Conditions for
the Future.

In his report TO shareholders OF the
Seven Troughs Mining company. General
Manager l.. A. Friedman holds out prom
Use of speedy results. now that the re-
u,Ired air connections have been COM
pleted between the property at depth
and the workings of the Florence lease
This lease work has demonstrated the
existence OF the ore and good values
TO the 500 level, and on the expiration
of the lease the parent company viii
take up the work where left off and
continue il TO depth.
In discussing this Lease work. Manager
Friedman says:
The DRIFT from the 500, running in
rortherly direction, Into the Florence
block Is now $50 feet In length. the last
LIS feet being within the Florence lines
The vein is from three TO four feet IN
width. carrying a streak OF high grade
silver ore aVerag ging from eight 10 twelve
inches In width. and running consid-
erahly above St0O per ton in value. RUBY
silver la the chara cteristic OF the high
grade, some OF the rock being of almost
pure metal. The ore Is refractory, the
dcbasiug feature. chalco -pyrites OF cop
per. making II impossible OF treatment
in the leasing companys mill, IT is
sacked and shipped to smelters, The
distance Of seventy feet on the west side
Of the drift, shows strong In the face
of the drift and goes down with Wine
recently started, with values and size
unimpaired"
The following is the financial state
ment covering the period from June !,
1909. TO January /, 1871
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
LOOKS FOR RED
ME- Tall ADVANCE
D. c. Jackling Finds Eastern
Sentiment More Optimistic
on Situation.
THIRTEEN CENTS A
POUND SOON Is DUE
Surplus of Metal insufficient
to Justify Bearish View
of Situation.

II look for 1S-cent copper In short
while" was the statement made to The
Tribune, Monday morning, by D. G. jack
ling. general manager Of the Utah Cop
per. Ray Consolidated and Chino Copper
companies on his return from three
weeks inspection trip 10 the latter TWO
properties of the southwest. Manager
Jackling's trip was rounded out by reaoh-
Ing New York early last week, and while
there he found sentiment decidedly more
optimistic regarding copper than II has
been for many ] weary months nc soL,ad past !. no,
only brighter but II is growing more en-
coura cling right along. and better prices
for the metal Is the only logical conclus-
ion to be drawn from existing conditions.
The available visible supply OF the metal
is not enough 10 fill the present demand
for four months. This is not new con
dition. il has existed for some time, put
rLe world is just coming TO the point
of apprecatng the real situation Cop
per today is in the strongest position
IL has occupied for months. and the many
troublesome questions which have acted
as brakes TO the wheels OF industrial
progress arc soon 10 be solved. and sat
isfaCtorily.
When asked about the unusual exports
OF copper. and the general belief that
this metal is being salted away by specu-
la tors in anticipation OF Increasing price
ranges. Jacklug said that Europe was
using an evcr-incraasing amount of the
metal and that the activity OF the specu-
lators has been greatly exaggerated. Had
sll the red metal which reports have had
going into the hands Of spectators actu-
aly found that destination. these specu-
lators would have nearly all the metal in
the world by this time.
There was a report from the east last
week TO the effect that the Utah Copper
company had contracted It's copper out
put for long period ahead. When asked
regarding this, Manager Jackllng said
there was nothing in it at all The policy
of the company always has been TO dis
pose of its metal as fast as il could be
produced and this policy. without doubt.
viii be pursued In the future. But 10
say that one more consumers have
contracted 10 absorb thc production for
an indefinite or limited period ahead is
condition far ahead of facts.
The Ray Consolidated concentrator, he
said. is nearly In readiness TO start. the
nrst section to be In commission before
th= end OF the month. The electrical
equipment at the No. l shaft has been
put INTO place and is practically at the
starting point. Conditions at the Ray
and Chino also were satisfactory in all
particulars
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07

GOLD CHAIN GRAND
CENTRAL RESOURCES
Immense Bodies Of Ore Are Sur
prise TO Visitors From
Salt Lake.

Il must say that the Grand Central
and Gold Chain properties both show
enormous bodies of ore. This was my
first visit TO the Gold Chain, ana INC
first to the. Grand Central for a year, year,
done In the Grand Central since | was
there last and the extent Of the tor
mage surprised me greatly sald w. =.
Mccormick the well-known SalC Lake
banker, who has Just spent two days
Between the 1000 and 200 levels. he
continued. "is an unbroken BODY ol ore
in the Grand Central, which w9uld
Judge TO be between 1900 and 400 teet
frequently and | would say the average
width of the same is fifty feet. and the
average value between Sl5 and so per
ton. The faces of this long drift CON
ruptedly. one face being close 10 The
Centennial Eureka territory, tho other
stu being 1000 feet distant from the
Mammoth mine,
"In the Gold Chain l saw one ore body
opened for $50 feet In length the aver
age width Of which Will not be less than
twenty-five feet. This Is good quality
Of gold ore, carrying also some silver
and copper values. The averaGe per ton
l would place at S25. judging from the
numerous assays I saw of II.
IT was reported here Monday that the
Gold Chain management had driven Into
a now ore body on the 3o0 level. which
point Is not within the Don Pedro claim
in which the Mammoth company hnIds
a half interest, bringing the discovery
wholly In Cold Chain ground. Mr., Nc
Cornick states that he heard Of this
find but not enough was known of IL
at the time OF his visit 10 permit any
very definite conclusions to be drawn.
port yesterday that ore had made It's
appearancc.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
GIR0IX REPORT SAID
TO BE A GOOD ONE

James \. Pollock & Co.. bankers and
brokers. furnish tho following. received
over their private wire yesterday after
noon:
Paine. Webbcr & Co. Letter. Boston
The market opened with fair activity,
Prices were generally shade higher
than Saturdays close. The volume OF
transactions decreased as the day went
on but prices held firmly East Butte
around 80. Superior G Boston was a
shade stronger and Copper Range slightly
weaker Giroux, Greene -Cananca and
snpsg9r P5,s'uTS all Tgi hSuTh 1hs
Giroux report, 10 be issued shortly, will
be most encouraging. and with any sort
OF better conditions stock should double
In price.
Logan e Bryan Stock Letter, New
Gork-The market was quite buoyant
during the carly trading, but owing pr-
marily to the lack OF outside response
considerable realizing was conducted by
those who anticipated that Saturdays
strength, the absence OF unfavorable ne VS.
over Sunday and the reduction in the
buying. The unfavorablc December earn
lnes Of tho New York Central
caused some selling In that issue both
Saturday and today and in addition quite
n few spccialties, such as Chicago e
Northwestern which had cnjoYed sub
stantial advance. reccded sharly on "A
IT was rumored that the Copper Pro-
ducers' report. which is expected viii be
made public tomorrow will not make as
satisfactory a showing as the recently
large reported sales OF metal would In
dicate. which served To quiet the fears
OF shorts in Amalgamated. The success
Of the inward movement. that is, in so far
AS distribution is concerned, would seem
TO depend In great part on the volume OF
outside business attracted by recent show
Of strength and in view of the fact
that response up to this time has been
only nominal. II would not at all be
surprising should reactionary move
ment develop. although at the moment
there are no indications Of interest ar
rayed on lonS side radically changing
their attitude. except perhaps tenn
porarily.
Gallagher. New YorR-Copper stocks
strong and active. Very good buying OF
same character of the past few days in
GirouX. Chino Raw Consolidated and
Miami. several OF the issues touching the
highest OF the present movement. Tono-
pahs and riptics dull and unchanged
Market closed slightly off from the high
est.
New York Sun says: Today's opera
tious continued the process Of realizing
profits where advance had been liberal in
the past week and in bringing forward
shares that appeared to have some re-
serve strength and whose gains equalzcd
losses in other directions. The general
feeling regarding the future course OF
prices, however, is ono Of confidence.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
LOCAL EXCHANGE SHOULD
INVESTIGATE Oil STOCKS

Inasmuch as a great many believe 1911
will be an active oil year on account OF
the san Juan and Spring Valley fields,
among others. there is growing dlsDo-
sition among members Of the Salt Lake
Stock and Mining Exchange 10 get some
good issues for listing. There is "A num-
bcr of mining shares listed which are as
good as dead and which should be oliml-
mated under the rule OF the exchange
which gives the governors the right to
remove any stock which represents an
inactive mine II there is to be any
business In oil shares there is not a
more logical point in the country than
Salt Lake for this purpose. and every
one believes IL an opportunity for the
public. for the exchange and for oil com
panies generally that should not be over
looked
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
Mining Notes.

1t was reported Monday that the Ray
Consolidated stock will be listed on the
New York exchange.
General Manager Strickland OF the Utah
Mines Coalition company Will visit the
mine today to Inspect the damage OF the
recent snowslide.
The Roberts Oil company of Spring
Valley. Wyo.. has brought in a typical
we'll of rich oil, details of which Will be
received today
General Manager w. c. Orem Of the
Nevada Douglas Copper company is en-
route 10 the mine al Mason, New.
General Manager Al Frank OF the Ohio
Copper company has returned from n
business trip TO Butte being delayed in
his return by washouts In Idaho.
General Manager r.. p. Mathewson OF
the International Smelling company is in
the city on his regular monthly visit to
the Toocle plant
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
BUSINESS
ON EXCHANGE MONDAY

While the natural and hoped-for
small extent Monday on the exchange,
temporary setbacks being logical and
healthy In view OF the recent big squirt
upward. the day was one of good trad
ing and satisfactory results. All indica-
tions point TO an ever-increasinS price
level with fluctuations from time TO
time. due to the desire for profit taking
by those fortunate enough to land cheap
issues the first OF the year The sales
Yesterday totaed S0.725 shares OF stock.
having market value OF Sl295l.10. The
following were the closing unlisted and
listed stock transactions.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
STILL DEBATING ABOUT
ELY CENTRAL PROPERTY

Whether or not the courts a Ely will
allow Receiver Millard OF the Ely Central
company ~ dispose OF some surface rights
to the Nevada Consolidated company IS
still being threshed out before Judge Cole
man. The Nevada Consolidated desires
new route across the group In order to
get into the Copper Flat pit at a lower
elevation. also the right to dump some OF
its oycrburdcn on the Ely Central terri
tory. The receiver asserts that the ease
ments desired by the Nevada Consolidated
company will in no manner Injure the
Elv Central. but that such arrangements
will rebound to the financial benefit of
the organization.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
BECK TUNNEL STRIKE
CONFIRMED BY COMPANY

Provo sources of information on Mon
day stated that Secretary w. Lester Man
gum OF the Beck Tunnel company had
confirmed the strike of ore Via the new
tunnel. although II was "A little early vet
10 enter into details. Mr.. Maneum also
is quoted as DENYING that a consolidation
NOV vement Is on foot but local stockhold :
crS arc Glvcn to understand from some
unknown source that the legal differences
between the Beck Tunnel and Uncle Sam
companies may be settled amicably with
in short time. efforts to this end now
being on foot.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
rheumatism, Sleeplessness

baCkache, hHeuHaCIsm, pIeepIeSSneS6
Result from disordered kidneys. Foley
Kidney Pills have helped others, they
will help you. Mrs. J. B. Miller, SYRIA
cuse, N Y, says: "For long time
suffered with kidney troube and rheu-
matism. ! had severe backaches and
felt all played out, After taking two
bottles of Foley Kidney Pills my back
ache is gone and where / used to lie
awake with rheumatic pains l now
sleep in comfort, Foley Kidney Pills
did wonderful things for me-" Try
them now. Schramm j ohnson, Drugs,
fTn StnrnS
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
Nevada News Agents.

Nevada News Agents.
Eauvard-A. c. Pesco.
Goldfield-Louie Pollin.
Eawthorne-LouIe Pollin.
kimbeYly-Sheldon Lowuey-
loveloc. Bible Bros.
Midas-Mrs. c. A. Harrington.
Rawhide-Loule Pollin.
Reno-HoteI Golden News Stand: Ro.
senthal & Armanka, Shepard G. Son
Yertngton-F. NJ. Burner.
Winpemucca-Pearce & Chase.
Cobs%Richard Richards.
saerry Creek-Grey & Collins.
ESo-Whee,er & Co.
Ely-Grace B, Paxton; Harville Sta
tionery Co
McGill-M- Herman: Walden & Bur
rett.
Rhyolitc-The Crescent.
Pioche-Pioche Drug Co.
Caliente-John Shiers Thomas Him
street
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
T0N0PAH MIDWAY HAS
FILED REPORT FOR YEAR

The following is the financial statement
OF the Tonopah Midway company for the
year ending December H. 1910;
DEBIT,
December 81. 1909 To cash on
hand ACKNOWLEDGEMENTS 1906. 76
To assessments collected during
1910 ACKNOWLEDGEMENTS. none
To amount received from other
sources .....,............,. 65.344.9i
CREDIT.
Mine expense I'm year 1910. ...IO7 62g s.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
PITTSBURG SILVER PEAK
REPORTS ON FINANCES

The laws of Nevada requiring a pub
lished statement OF receipts and disburse
ments each year are bringing out a great
wealth OF information for stockholders, al
though more detailed reports Will follow TO
the shareholders themselves. The Pitts
burg Silver Peak company, for instance.
has just made known in the former man
ner that it's receipts during 1910 were
Sole, 493 0I, its disbursements being $i25,-
369.95. giving net s1s5, 1892.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
BINGHAM COPPER GETS
GOOD GALENA STREAK

In crosscut from the main tunnel
the Bingham Copper mana cement has
driyep into good streak of Caiena which,
while~not the main. resource ahead OF the
present work. is OF d decidedly encour-
aging character. The find encourages the
company to continue operations in this
plan OF operation Will be continued as
usual
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
FORENOON SALES

FORENOON SALES.
Beck Tunnel 2O35 at 24c
Bullock 1000 at &c.
Cedar Talisman, $50 at 10c; 1000 at 10lc.
Colorado. 1900 at 4oc.
Columbus Con-. $50 al 12c.
Crown Point. 1000 at &c.
Iron Blossom, 200 at 96c; 30 at 94c.
Lower Mammoth, 200 at 79c.
Nevada Hills. 80 at S2.a5.
New York, 500 at liz.
Ohio Copper. 200 at sl.S7l.
Uncle Sam, 100 at soc.
Utah Con. 1000 at 4c.
Yankee 200 at 10c.
Shares sold. 20.025.
Selling value. s33i7.6O
OPEN BOARD.
Colorado. 1000 at iOc.
Con. Ne,cur. 700 at 81.
Nevada Hills. 100 ar $2.i59.
New York, 2300 at lie.
Uncle Sem. 500 at Soc
Shares sold, $500
Selling value, Sl351.J0.
AFTERNOON SALES.
Beck Tunnel, 500 at 23ac. 500 at 2sc;
100 at 22Ac; 500 at 22c.
Bullock, 1000 at &c
Cedar -Talisman. 1000 at 1o4c; $500 at
l0c.
Colorado. 1000 at 4oc.
Crown Point 1000 at &c; 1000 at Sac,
buyer sixty days.
Iron Blossom. 400 at Csc; 100 at osc.
buyer sixty days; 200 at 95c. buyer sixty
days: roo at 9ic.
Iron King. 1000 at SIC
King william. 1900 at i5c.
New York. 400 at lie; 300 at l0lc.
Opohongo. 500 at 17lc: 500 at 1Sc
Seven Troughs. 1000 at Sic.
Sioux Consolidated. 100 at 3Sc.
South Iron Blossom. 1000 at 1c. buyer
sixty days.
Utah Consolidated. 2OoO at 3ac; 100
at &c.
Victor Consolidated. 1000 at S7c.
Victoria Consolidated, 100 at Gle.
Shares sold. 3G. 900.
Selling value, $i126.
OPEN BOARD.
Beck Tunnel 100 at 21c.
Iron King. 1900 at sic. 1000 at 5lc.
buyer sixty days,
New York, 1000 at IItc. buyer sixty
days. 900 at 1lc; 500 at i0ic,
Ohio Copper 200 at slS5.
South Columbus Consolidated. 500 at
l3c
Uncle Sam. 2O0 at soc.
Shares sold $500.
Selling value. $3.50.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
Analysis of Situation Made by
Daniel Guggenheim Proves
the Case.
STOCKS LOW AND
CONSUMPTION STRONG
Electrical Industries Use One
Half of Copper Consumed in
This Country.

In q comprehensive analysis OF the cop
per situation throughout 1910. Daniel
Gusgenhelm. president Of the American
Smelling g. Refining company, gives some
statistics which Will be welcomed by
students of copper. After indicating the
rather spasmodic buying OF copper in the
United States whereas the Europeon buy
Ing has been steady and ever increasing
the following domestic disposition OF the
metal is stated
Uses of Copper in United States.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07

4 study OF the above fIcuros certainly
shows the strong statistical position OF the
red metal. for stocks have decreased while
has grown with rapid strides.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
Metal Market

The metal quotations for Monday, post
ed by Mccormick & Co. were AS follows
Silver, Size; lead. $3.50, copper. $12l5.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
Boston Conner Stocks,

James A. Pollock e. Co. bankers and
brokers. furnish the following. received
over their private wire yesterday after
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07
Nevadas in San Francisco.

James a. Pollock C 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, 1911-02-07

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, 1911-02-07
Ore Shipments,

The Utah Ore SamplinG' company or
Monday released eight cars of ore from
Utah and one car from Nevada camps
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07

The checking accounts IF
merchants. manufacturers, firms
and individuals are cordially in-
vited, with every assurance Ct
good service and the most lib
era. terms .onaistent with
safety.
The Oldest Ba-k in Utah.
Established 1859.
Capital $3.50, 600 10
Hun.nl,aa 10E mn m
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07

In regard TO the consumption and stocks
Of copper in the United states, tho state
mcnt says.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-07

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, 1911-02-07
Receipts.
New York Mining Stocks,

Total -. .......,......... sa5. .26IS
The Wilson times. [volume] (Wilson, N.C.) 1896-19??, 1911-04-21
NOW
IS PROBABLE
new MEXICAN AMBASSADOR and
PRESIDENT TAFT CONFER ON
SITUATION
STOP BORDER FIGHTING

Washington, April 20.-Develop-
ments here late. yesterday indicated
to President Taft and other admin
istration officials that peace in
Mexico may not be a dream and
that there is reason to believe that
the Mexican authorities will adopt a
definite, restrictive policy along the
border" to proven border conflicts.
Senior Manuel De Zamacona, the
new ambassador from Mexico, was
presented to the President and de-
claratioIs of friendship were exchang-
ed. Information was given out at the
White House that the rough draft of
Mexico's formal note in reply to the
State Departments demand that Ana
erican border towns be not endan>
gered by Mexican battles has been
placed in the hands of American Ann
bassador Wilson at Mexico City. Mr..
the note as drafted was satisfactory
and it is expected to reach the State
Department in final form shortly
A subcommittee of the House Com
mittee on Foreign Affffairs will meet
the President and Secretary Knox at
the White House today to confer on
the Mexican situation.
Delegate Ralph Cameron, of Ari-
zona, announced that he had received
letter from a business man at Doug
las declaring that Mexicans, both
Federal and insurrectos, who were
woaaded at-Agua Prieta, gwere being
put to death" by the viosors.
In his formal speech. to the Presi.
dent, Senior zamacona predicted
peace in Mexico within short time.
The President assured the new am.
bassador that this country was not
crouching on the border ready to
spring upon Mexico. His telegram to
Governor Sloan. of Arizona, the Presi-
dent said, explained his attitude. He
declared that it is the 'fervent hope
of the United States that harmony
may soon prevail The President
asked the ambassador to convey to
President Diaz, of Mexico, an appre.
citation of his good wishes and
hope for his personal happiness.
The Wilson times. [volume] (Wilson, N.C.) 1896-19??, 1911-04-21
DIAz SAYS
NOT GUILTY
MEXICAN PRESIDENT DISCLAIMS
RESPONSIBILITY FOR DEATH
OF AMERICANS
FULL REPLY AWAITED

Washington, April 20-President
Diaz disclaims responsibility for the
death Of the Americans at Douglas
and repudiates all liability for injury
to American citizens across the Am
erican line when United States citi-
zens We're killed by firing.) This will
be embodied in Diaz's reply to Presi-
dent Taft's request for assurances
that no further damage be done Am
erican citizens on the border.
Representative Slayden, who repre-
sents the San Antonio district, had n
long conference with the President
this morning, and he made this
known when he left the White House.
The President believes, however,
that this bold front is only diplo-
matte move on the part of Mexico to
retain favor with the masses and
save its face.
A full text of the reply will be
made public soon. It is expected
that Diaz will present his reply to
the Mexican Congress today.
The Wilson times. [volume] (Wilson, N.C.) 1896-19??, 1911-04-21
TODAYS MARKET
COTTON.

New York, April 20.-August was
the feature of the cotton market at
the opening today, showing a gain Of
15 points. The opening was steady
with prices ranging from 8 to iG
points upward. Cables were better
than had been expected. There was
a good demand for futures and spot
in Liverpool.
The opening was: January. 1875
March, 1885: May, 14.75; July, 14.SI
August, 14.46; October. 1887; De
cember, 1878.
At noon the market stood May,
14.77; July, 14.S1; October, 1887;
December, 1918.
The market closed: May, 1880;
July, 14s7; August, 14.56; October,
1921; December, 1882
Spots in Wilson, around 14.50.
Receipts in Wilson, bales.
The Wilson times. [volume] (Wilson, N.C.) 1896-19??, 1911-04-21
Two Dead In AsheviIIe Fire.

Ashevil1e, N. c., April 20.-A prop
erty loss estimated at between $780,
600 and $4,000, two people suffcoated
and narrow escape of three Others,
was the result of the explosion Of an
ments Of Mr.. and Mrs. R. G. Coch,
on the third floor of building occu-
pied by the old established dry goods
house of Fl. Redwood & Co.
On the third floor of the building
were Mr.. and Mrs. Coch and their
two children, and also Hattie Fox,
fortune teller, and her blind husband.
These latter two were suffocated
before the firemen could reach them.