davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
ENORMOUS TASK OF
THE UTAH COPPER CO.
Handling One-third Annual
Tonnage of the Panama
Canal Operations.

X. r. Rabbit general ccunsel for the
Utah Copper company and allied inter
ests. has reached New York from visit
10 this property AT Bingham. TO the Ray
Consolidated In Arizona and the Chino
Of New Mexico. In an eastern Interview
hc gives tho following as his impress
sions:
Operations at the Utah mine and mills
arc exceedingly impressive An idea Of
What is being done may be gained from
being moved Is equal 10 one third OF the
annual tonnage at tho Panama canal.
Removal OF the 'cappins. or ovcrburdcn,
is proceeding rapidly, the total daily
amount of ore and overburdcn handled
being approxlma toly 900 tons. of which
roughly $4,000 ions is orc and $1,000 tons
Cappiuc. The Bingham & Garfield rail-
up to-dnte in every particular. standard
gauge and equipped with so-pound rails
The road was buili primarily To carry
the orc from the mine TO the reduction
works, brt makes through connections at
San Pedro and carries passengers and
freight TO Salt Lake City.
AT Ray the .caying' system IS work
10 expectations, Work on tho Amer-
can Smelling x Refining smcltcr is be-
lnS rushed. 500 men are employed In
pushing IL along and IL should be ready
for operation by next April.
AT Chino ono mill section IS in oper-
alton and another win start up shortly.
Persons in that section of the country
rather than in the course OF the copper
metal market, and developments to date
afford every reason for the greatest sat
Isfactlon,'
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
MEN WHO DIG ARE
WANTED IN IDAHO
Scarcity OF Prospectors IS
Main Trouble in State
TO the North.
VAST FIELD UNTOUCHED
Clarence E. Eddy Believes
Other Lost Packers Are
Awaiting Discovery.
VAST FIELD UNTOUCHED

Clarence T.. Eddy. tho well known
poet -prospcctor. has just returned from
tNo months trip into central Idaho, and
Is here on his way TO Goldhcld and Death
Valley. He will return TO central Idaho
in the spring and of It's mining outlook
he said;
THAT is great mineral country up
there, and what Is more ii is tributary
to Salt Lake city. From tho standpoint
OF mere news there is not much mat
can be mentioned just now OF central
Idaho but OF its merit az mineral teld
there IL 4 great deal that should be
said. For prospectors II should he one OF
the best regions in the west today
Fine Mineral Field.
"'The northern portion Of Custer coun-
ty especially is q. fine mineral ficld. While
II already has "A record reaching into
the tens OF millions. Its mountains are
so rugged and vast that they remain
practically une%plorcd. Tho booms of re-
cent years have drawn TO many fields of
lesser merit and I believe that when the
great mineral zones OF central Idaho
are fully explored. they will far surpass
their already splendid record.
There Is still no railroad nearer than
within about too miles OF these northern
camps Of which ! speak. and ii Is sup
posed tha, the main need Of the country
Is rsilroai. bat that is like the case
Of the man who said nc could make his
horse 20 II he could get his cart started.
WIaC Inc country really needs, and what
most mineral regions first need, Is moro
prospactors Central idaho, in fact.
needs more publicity to bring the pros
pectorS and th"u they viii bring the re-
suits that VIII bring The railroads.
1T is much 10 be regretted that pros
pectors are not more plentiful up tnerc.
and some sort OF scheme should be &C.
viscd 10 populate the country. something
that will produce prospcctors. The old,
heroic race that long made the hills re-
vertebrate and yield mp millions Of treas
ure has at last succUmbed 10 bug juice
and i2e ViciSsitudes OF time: We are be-
ginning 20 need new deals there is
dearia or men who dig.
Vast Untouched Area.
Down in tho great dry. thirsty deserts
OF the southwest there are legions of the
genus proSpcctor known 'jackass
punchors,' who. II they knew OF this
Idaho country. would hail It with delight
as q prospector's paradise, and would
learn 20 ride bronchos instead OF burros.
Central Idaho should learn the lesson that
il pays 10 advertise for If plenty OF pros
pcctors can be got into IL they are bound
10 find new fortunes in a region so vast
and rugged that 100000 men could not
test il all In 100 years.
'"That mighty scope OF crags and peaks,
bounded only by the sunrise and sunset
and stretching away northward TO the
auroar borcalis. surely must contain
something moro than the Lost Packer
mine"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
TRYING TO DEPRESS
THE EASTERN MARKET

James A. Pollock & Co. bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon:
Paine, Wobber &. Co, Boston Local
market looked today like an organized
effort 10 depress prices, North Butte
was sold low and other stocks were Of
fered down. The closing rally found very
few stocks offered and prices advanced
sharply We believe that the underiy-
we shall see much higher prices be-
fore long.
Logan e Bryan, New 1ork-Several
rather persistent attempts were made
today TO force general liquidation In the
stock market, The pressure on Reading.
Lehigh and Steel. also the Hsrrimans,
was such as would ordinarily have at
tracted heavy liquidation for outside ac-
smacked too much of professionalism 20
increase in a marked degree the follow
ing on the side Of declining prices.
News of the day was confined priu
cipally TO the reports from Washington
relative TO the future activities OF the
Stanley investigating committee. and
OF the prominent members OF the COM
mttee regarding motives which prompt
ed certain individuals in connection with
the whole affair In addition 10 the fore
going, 1t was reported that several lead
Ing manufacturers Of steel bars had
raised the price on the same, which was
on finished steel products in the near
future, The stock market was irregu-
lar and fevcrish until the last half hour,
when. after a slight period Of dullness.
it became apparent that the market was
slightly oveTsold and efforts TO cover
short contracts resulted in substantial
recoverles throughout the roster.
We still believe that the best results
can be secured on making purchases
on the reactions for moderate turns. but
in view of the near approach of the con
venine Of congress it may be We'll 10
safeguard commitments In order 10 be
protected against renewal OF political
agitation.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
NOVEL ANGLE GIVEN
TO COPPER MARKET
Suggested Price Should Re-
main Cheap Because Out
put Cost Is Lowered.

An entirely novel angle has been given
the copper situation by an eastern au-
thority who says that the consumer re-
fuses to be stampeded into the belief
that 1j-cent copper is going 10 come To
stay. nor does the consumer believe that
copper VIII long remain as high as IL
cents a pound. He bases this conviction
upon the suppostion that there is p far
more liberal supply Of the metal hidden
away than the statistics show. that there
Is great deal OF new copper coming
upon the market and that Tho producer
Is making too great profit on his metal,
II is pointed out that under modern
conditions brought about by such por-
and tho Nevada Consolidated there is a
profit Of 90 10 50 per cent being made.
which the consumer feels is too liberal
n margin, and he feels that hc should
costs Of production from 10 or IL cents
pound to or cents.
The produccr believes that there is lit
tie or no copper hidden away. and that
as far as the new output Is concerned
there Is need for II. II the advance OF
copper ono cent pound means addi-
ter million dollars 70 The Utah Copper
company. or about $4,000, 900 TO the Ana :
Conda. neither company is 10 be blamed
Tor accepting this inreased profit. The
producer feels that tho law OF supply
and demand will hest gauge copper prices.
If hard times continue and the metal
'linss IN II or l.b cents pound. he still
can operate at a good profit, but If
prosperity returns and increases the dc =
mand for and the price Of the metal
there is no real good argument for him
to refuse the profits earned or snare
them with the consumer
The argument. therefore. that cheap
production should mean cheap metal will
hardly attach unless there is such a
thing as an avalanche or production. just
for the fun Of making copper No one
wants copper to strike point where its
use Will be restricted and high prices
Will do that. but the best informed feel
that the metal should remain between
ii and 10 cents pound
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
OFFER MADE THE
LIVE OAK PEOPLE
All Shareholders Are Given
Chance to Sell at Thirty
Dollars a Share.
THEY NEED NOT SELL
John d. Ryan Simply Gives
Everyone Interested an
Equal Show.

Il was ascertained over the Pollock
wires Tuesday that all the stockhold-
ers Of the Live Oak company had been
offered $50 per share for all or any part
Of their holdings in the company, the
offer being made by John p. Ryan. Ac-
companying the offer Is q statement By
President Hovland Of the Live Oak, who
says.
ION November % proposition was
received by the directors Of the Live
Oak company from the Miami copper
company through Hayden. stone q CO.;
10 purchase the Individual holdings of
all the shareholders OF our company upon
the basis Of $50 per share, payment 10
be made in ten-year per cent deben-
lures OF the Miami company.
Ryan Secures option.
This proposition did not meet with
the approval of the directors. The cir
cumstances were such that prompt ac-
tlon had 10 be taken. Accordingly. nc
gotiations were opened with John -.
2S.050 shares of the capital stock Of the
company at $50 per share being traps
ferred TO Mr. Ryan, who has undertaken
20 perform the conditions OF the option
and complete the payment OF the pur-
I'm order 20 fully protect the interests
of the Individual shareholders OF the
company, the conditions Of the assign
within a designated time, likewise pur-
chase from the individual shareholders
much OF their holdings as they might
wish 10 offer az the same price. Mr..
RYAN has undertaken 70 and Will pur-
chase as much stock as each stockhold-
or desires 10 sell at $50 per share upon
The following conditions:
Provided the stock shall either be de-
posted With the Chase National bank of
New York on or before December {,
noon. or with any bank or banking house
In The United States with instructions TO
forward tho stock 10 the Chase bank for
delivery, such bank TO advise Mr.. Ryan
by wire OF such delivery and to suaran-
tee the assignment thereof.
Terms Of Payment.
Payment will be made for all stock.
delivered 70 the Chase bank prior TO
December I. and for all stock OF the de-
livery OF which notice has been given
prior to thar time, upon the receipt OF
the stock with draft attached by tho
Chase bank. In making this arrange
ment. the directors have placed ell the
stockholders in a position whereby they |
Will he enabled TO realize for their hold
inrs the same price as paid for the
stock purchased from Hayden, Stone &
Co. 1t is the stockholders privilege TO
either accept the proposition or hold all
or any part OF his stock he sees fit"
Comments In the eastern press Mt this
initial venture Of the Amalgamated Cop
per company In the porphyry mining in
dustry are that Mr.. Ryan and associ- |
atss appreciate the fact that the por- |
phyries have come 10 stay.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
FORENOON SALES.

Eph--H)oN SAILS.
Gold Chain. $50 at I7c
Indian Queen. 5000 at &C.
Prince Con. 200 at SIC.
Uncle Sam. 1000 at a5c. seller sixty
days; 200 at 20c
Shares sold. 4350
Selling value, s1ss.50.
OPEN BOARD.
Ccdar-TaIismaB. 1900 at 3ic.
Colorado 100 2ac: 500 a, 29;c.
New York. 500 at i!c.
Ohio Copper, 500 at 81. 20.
Plutus. 1000 at Ole
South Iron Blossom. 1000 AT ic.
Shares sold 5000
Selling value. S9lS.
AFTERNOON SALES.
Beck Tunnel. 500 at i9c
Iron Blossom 100 at Si.02i.
Pittsburg- Idaho. 100 at CSC: loo at SIC.
100 az CSC; 100 At csc.
Silver King Con. 80 at 81 %.
Swansea 1000 at SIC.
Uncle. sam. 100 AZ 25c; 1000 at 2nc.
seller sixty days.
Shares sold. 4150.
Selling vaiUc. Sl0s8.50.
OPEN BOARD.
Cedsr-Taiisman. $500 at Sc; 1000 a s;c
Colorado. 200 at 900.
Grande Central ri $50: 40 ~ &c
King William, 1860 At &c.
Iron Blossom. 200 at Si0@t.
$50 ut Sic.
Uncle sam. 1000 at e5.c. seller sixty
davs
Richmond & Anaconda, 2c5 at Sc.
Shares sold, 95.5@S.
Selling value. Sefe9.25.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
TO ELECTRIFY MORE
ANACONDA MINES

The Anaconda company is making ar
raugcments for the starting OF work OF
electrifying the Butte. Anaconda & Pa
ciflc railway early in the spring. BY
that time electricity will be in use around
all the mines on Anaconda hill aud In
the underground workings besides While
the High ore is closed down, making
the change from steam 10 compressed
air for the hostiug OF ore, arrangements
arc being made 10 install cars for the
hauling OF the orc oy motor from the coll
lar OF the shaft 10 the ore bins. All the
improvements. including the repairs to
the shaft. will be completed carly next
month, when the High ore will be once
more placed in commission. say Thomp-
son. Towlc g. Co.
The men who a few months ago made
such an effort 10 raise sufficient money
abandoned the effort. and those inde
pendent owners have found out that the
people arc not going 10 put their money
into any such enterprise when the smell
ter accommodation at present is much
more than sufficient 10 take care OF all
tho ore offering and thousands Of tons
besides. Under the present rate OF pro-
duction OF the mines OF the Anaconda
Falls smelters arc wording 10 anything
Ike their capacity. while the East Butte
smeltcr could easily turn out s00.0 900
pounds T5d T,,o1S,r m9Te copper than at present
about 100 tons day 10 the 5washoc
smeltcr and this output. will not be ma
terially increased before the first OF the
wear, or until after the new surface
plant Is in commission. Development
work Is going on rs usual and sta
ilon Is being cut on The lS0O-toot level
This Will be finished In about month.
after which the sinking OF the shaft will
be continued In a depth Of 1000 feet. De-
velopmont work is proceeding on the
200 and ls00-foot levels and in addl-
ton 70 the ore being sent To the sur
face large reserve body is being held
six months hence the Tuolumne expects
20 he IN a position 10 resume dividends
again, and by that time. II not sooner.
the entire new surface plant will he
paid for.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
IN THE DISTRICT COURT or THE
. -.

IN THE DISTRICT COURT OF THE,
state OF Utah in and Tor salt Lake
county.
In the matter OF the qua rdanshlp or
Adeline Mayberry, an insane person.
The undersigned VIII sell at private
sale all OF the east half OF the northeast
quarter and an undivided one third in
tercst i'm and 10 Tho south half of section
II. township . south Of range west.
or the Salt Lake meridian. In salt Lake
county. Utah. containing 100 acres more
or less. ON or after Thursday. Decem-
Der :. 1911. and written bids VIII he re-
ceived n the Office OF Bradley, Pschel
&. Hardness, room 800 Felt building.
South Main street Salt Lake City. Utah.
terms Of sale. cash on delivery Of guar
dams deed. GEO. T.. CHANDLER.
Guardian.
Dated November "A. 1911. oesSO
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
NOTICE OF TOCkHOLOERs
MEETING

Notice is hereby given that the an
nual meeting Of the stockholders or ,he.
Godira Mining company wiil he held n
the office OF the company. room -
Kearns building. Main street. salt Lake
city. Utah. on Monday. the 9Th day ol
December. 1911. at @:l5 O'Clock D. m.
FOR the election OF directors and officers
for the ensuing year, and tor the trans
action OF such other business as may he
brought before the meeting.
JAMES l.. BGRKLEY. Secretary
Dated November 10. 1911. ol1e5
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
SHANGHAI IS PILlNG
UP SILVER STOCKS

Among the great International banks at
Shanghai. there has been still further ac-
cumulation OF stocks of silver, At the
latest date OF report to the International
Banking corporation In this city. there
were held by these institutions on No
81 the total was 81 200. 600 taels a month
ago, or on October IS. tho holdings were
%, 900 taels. and 29.900 600 taeis on
October >. A year ago, on October 81
1910. these banks held silver 10 the
amount of lS.i6i,0 600 tacls. The holdings
on January 4, 1911. We're 1880. 900 taels
At the beginning OF each month thus far
this year they were as follows.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
DRIFT NEARING NORTH
ENDLlNE OF DRAGON
Special 10 The Tribune.

PROVO, Utah. Nov. 2S.-J. William
knight said today that the drift on tho
600 level Of the Iron Blossom making
for the north line Of the Dragon Con
soidated property is showing fun
breast OF ore. and that the face is about
twenty feet from the Dragon. 1t is the
plan 10 continue this drift into the
Dragon and TO operate the property via
the south shaft of the Iron Blossom. An
Idea OF the grade of orc mentioned is
had from the fact that the Iron Blossom
management is shipping it as fast as
broken down.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
NOTICE or DGRS'
MEETING

Notice is hereby given that the an
nual meeting OF the stockholders OF tho
the office of the company room 7-3
kearns building, Main street Salt Lake
City. Utah, on Monday. the ith day of
December, 1911. at o'clock n. m. for
the election OF directors for the ensuing
year. ana FOR the transaction OF such
other business as may he brought before
the meeting.
JAMES IG. BERKLEY. Secretary
Dated November Is. 1911. ol,.6
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
HAS NEW
ORE OPENING STRONG

II was reported TUESDAY that the
Opohongo had opened from five 10 six
feet Of ore on the 300 level. which will
assay to 10 per cont copper eight 10
ten ounces silver and 81 to 81 gold per
ton. The management is rounding out
some important connections in the mine
50 that shipments can be increased. and
the rate Of past shipments, two cars
week. will soon be materially increased,
The property is reported 10 be in first
class condition throughout.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
USUAL DIVIDEND OF
TONOPAH BELMONT

The regular quarterly dividend OF %
cents a share was declared on Tuesday
by the Tonopah Belmont company. which
Will bs paid TO ali stockholders on jan
uary l. This disbursement Will bring the
total dividends OF the company TO 81 49,
600. The mine is in the best condition
Of Its history, while the compsny's new
mil II rapidly being erected.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
ARTHUR PLANT MAKES
REMARKABLE SAVING

The market letter of Hayden. Stone e.
Co. just received. states that the re-
nodded Arthur mill OF the Utah Copper
company Is making saving OF I2 per
cent on ore that averages less than Il
per cent copper, II states that this cx-
traction doubtless holds the record for
such grade Of ore. The Arthur was the
plant to which the Utah Copper company
fell heir when the Boston Con solidate I'd
properties we're absorbed by the for
rneg.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29

Accommodations first began TO appear
soon after the beginning Of The current
calendar year During January interna-
tional banking stocks at Shanghai ad-
vanced nearly 1000. 900 taels, or moro
than 10 per cent. BY the end OF April
the gains were from 1SS70.00O TO 3s.-
400. 900. or $3.50. QUO iacls during the first
year there has been an increase Of H.
100000, or So per cent.-Wan Street Jour
nal
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
AVERAGE TRADING ON
EXCHANGE TUESDAY

II Is no easy matter TO select = fca-
ture from the stocks dealt in Tuesday ON
the local exchange. while the amount of
business transacted was rather small but
well near average. y total of IS i25
shares Of stock sold. with market value
OF S5Sot25. The bulk or this trading was
during the afternoon session.
Among the the unlisted. Thompson
Quincy enjoyed the only sale, going for
"a cents q share in the morning 10 23
cents In the afternoon. The following
were the closing unlisted and listed stock
transactions:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
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 a cold developing
into bronchitis or pneumonia. Keep al
ways in the house. Refuse substitutes
SchrammSJohnson Drugs. five stores.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
DEXTER GROUPS ARE
TO BE CONSOLIDATED

Stockholders OF the various Dexter
conipa MES OF Manhattan are ia receipt OF
notice that a special meeting Will bsc
held In Touopah on December ?, at which
@ill be considered n merger OF these
organizations. The Dexter companiss :
involved In the deal are the King. Queen,
Prince. Crown. Extension, Merger and
one OF two others.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29

Thanksgiving day rate to Ogden and
return via Bamberger electric line, Sill
round trip, Tickets on sale November
$3.50. good returning December 4. High
school football game, Thanksgiving day.
up to , p. m.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
Bid, IA sked,
Ore and Bullion.

The ore and bullion report for Tues
day, given by Mccormick & Co. was as
follows: Ore received. ss5.0oo; bullion
shipped. 100000; total, sl25.o00.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
Metal Market.

The metal quotations for Tuesday.
3ostsd by Mccormick & Co. were as fol-
ovs: Silver, 65sc; lead. ,4.3s: copper,
TO s--
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
Neyadas 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, 1911-11-29
Boston Mining Stocks.

James \. Pollock & 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, 1911-11-29

TRIBUNE WANT ADS PULL,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29
New York Mining Stocks.

James A. Pollock 6 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, 1911-11-29

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, 1911-11-29
Ore SHIPMENTS

Ore Shipments.
The Utah OTs SamplnS company on
Tuesday released cars Of orc from
Utah and ! car from Nevada camps
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-29

James A, Pollock & Co, bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon