davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
GOLD EXPORTS NOTED
BY FINANCIAL WORLD

The Wall street Journal says that ell
sorts Of Guesses have been induleed IN
by bankers and financial writer's as 10
the purpose OF the present gold exports
10 Paris. Some have dubbed the move.
ment Special transactions and let II
go at that while others have vouchsafed
The explanation that the gold In question
IS destined for either Turkey or Italy on
account Of the wgr, or even for Germany
by way Of Paris. Germany having eVl .
dently some Interior motive in conceal
ing imports nf the metal.
But Lazard Freres. the only banking
house undertaking the present ship
ments' are saying nothing. Only Nhen
announcing, on the fourth engagement OF
$2. 900. that they had completed their
shipments Tor the time being did mem
ber OF the firm make this laconic remark:
shipment. according 10 the newspapers,
so l guess we will have TO stop now.
Those well informed in exchange cir
cles here know perfectly we'll that LazaTd
Freres are not shipping gold at q. loss.
Aside from any special facilities they
may have in Paris and London for un
dertsking such operations they are cred
tied With being no lsggards in the mat
ter Of exchange transactions. They were
the only bankers to export gold In 1911
to Paris and they were the FIRST TO In
augurate gold import movement from
London In the summer of 1910.
In respect 10 the gold exports TO Eu
rope last wear which occasioned consid
erable comment at the time because they
were undertaken like the present with
exchange far below the regular gold eH =
porting point. a banker from Paris re
marked that he was In position 10 know
the details OF that particular transaction
netted fair profit on the gold ship
meDts.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
ALL CONDITIONS ON
YANKEE ARE RIGHT
Supt. Merrirnan Is Encouraged
at Showings at Depth on
the Property.

superintendent Lew MerriTnan OF the
Yankee Consolidated company of I'ntic
was a Salt Lake visitor Saturday. the
Yankee Consolidated company is engaged
at the present time in one OF the most
important campaigns OF deveiopmcnt WORK
in recent years In the Tintlc district,
upon the results OF which hang the fu-
ture Of this organization, while there are
several additional properties of the dis
trict hanging back until this. COMPANY
has demonstrated the merits OF It's terri
tory ut depth
Work In the Yankee at present Is be :
ing confined largely 10 the 1900 and l9oO
levels on the 1900 Mr.. Merrman saws
he is raising and sinking. securing
punches OF ore right along that carry
good silver, gold and lead values but
nothing al yet OF a substantial tonnage.
on the 1900 was encountered short
time ago north and south break.
through which one could crawl for lOO
feet or more. Conditions, said MIR. Mer-
rIman. are exactly right for good ores,
In drifting on the 1S00-foot level the
management IS breaking into some new
naturalization which looks good. and the
fact that il ia new is an Item OF en-
couraging moment. Shipments OF The
dump ore during the past week totaled
ten cars. and despite the tonnage already
marketed IL Is a difficult matter To per
ccivc much OF a decrease in the supply
on hand.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
LEAD KING COMPANY
STRIKES RICH ORE
Eighty Per Cent Lead Rock
Encountered in Mine of
Utahns.

A. T. Sptko OF the Carpenter Paper
company of salt Lake and manager OF the
Lead King Mining &c Milling company. in
company with Leon Engstrom, local rep
resentative In Salt Lake for the Penn
sylvania railroad, returned TO Ely last
evening from an cXamination OF their
mining interests at McGill, says the Ely
EXpositor.
The gentlemen were enthusiastic over
the condition In which they found the
Just above the smelling works OF the
Steptoe Valley company, and which has
been productive Of extremely htgh-grade
lead ores in the past from surface work
ings.
Confident that they had In the Lead
King property the making OF a big pro-
ducipg lead mine, the stockholders. OF
which there arc but a few, have kept
small force of men In doing development
work, and in thoroughly prospecting the
limestone area In search of the main
mineral bearing lissure from which the
heretofore surface deposits encountered
gained their enrichment
Working along this line. their EFFORTS
are now beginning TO be realized by the
recent discovery in the bottom OF small
Wine from the south drift In the main
workings off the incline shaft. Here a
fissure has been encountered which ls
from three 10 FIVE feet between walls,
and the vein filling OF the same Is very
high grade steel galena ore. carrying bet
ter than so per cent lead. with small gold
and silver values.
From the drift level a small cut has
been run TO ntersect this fssure and
a raise started upon the same. Fully
two cars Of this orc has now been taken
out. and Messrs. Spitko and Engstrom
state that several more cars OF the same
character OF ore Is In sight In the work.
ings From the drift level the assure,
with Its ore contents, following north
east and southeast trend, extends for
some sixty feet TO the main Incline shaft,
and crossing it. can be traced for a con.
siderable distance on tho north side OF
tho shaft. 1t is the intention OF the
management TO drive a crosscut DRIFT
about ninety feet north OF the main shaft
TO intersect this fissure. which. II II con-
taine ore at that point, Will give the
company q measurable tonnage OF high
grade shipping ore.
The Lead King company has spent IN
the neighborhood OF $4,000 dollars In
development work in the past few years,
and never before in the history Of the
property has the showing been so fiat
tering as now. according to the state
ments of Manager SpitlSo. who is more
than pleased with the development made
since his last visit to the mines.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
QUINCY COMPANY Y
MINING FROM y

wb,ls the world psy's p's, "a h z
e,oc,snev OF Utah Yiiinins = IN
Singbam ,l and GARFIELD 70 ;. -
gantio ore tonnageso oonesaEss'
Steam shovels and 4 cVsa .
Wholesale basis. Wnen n. + ~!
nonIoai " deep mining ns.s we sssss
ppeitEal ppesents a field VIII wh''S ,, 81 4
study carefully. one on,eossd ID "
f,ons, the Quincy. closrud os,rr,udu.Ea Z
year ,,o with a copper p'si vi, -
lo5 cents .PSop, Per 400 tOas
l,G wbich has a copper CO. IYsssa 81
mounds TO the tom snih al oi 81
ptd is hoisted from O dep.ais e,ppeisrss
The No. I shaft, q tol ogor , isb ~
dsTRp Tps s,,p management ~ Is oPs ss,t -
sbaft re- 70 depth after after. 0'dn sdn NJ
sUnceteS sHns[ that result. IS, IS Is ~,
until a depth OF zseS, >, Inc ,hs corp
copper production .ySouf !, 2. Rs
past year will be IuSs auS srs e4|
and md ono the ~. nes s4c, e 900 IN sss,s S1
inS dividend requai'tt a total q NJ
nanv I,as has dIsburssed sIIviisrth,
In the shape o, hest prsdla
ni5i Ieai SsH1lSHi SS"rdships vaiSSI v1aIaIns sns "a
subjected to IN " oiI1
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
INLAND EMPIRE AN
IDEAL MINING SPOT
In Coeur d'Alenes Alone Are a
Score of Entirely New
Producers.
Special 10 The Tribune.

Special TO The Tribune.
SPOKANE, Wash, Feb 1f.-'There
has never been a period, such as we are
now approaching in the inland empire,
when so MANY large profit-carnlnE prop
critics were brought out at the same
time" said Walter J. Nichols of Spo-
kane on returning from an extended
tour OF the districts tributary TO TINS
city. including eastern washington Ini anu
tana and southern British Columbia. Mr.
Nichols added:
During the last few years an unusual
amount OF development has been undcr
way, resulting in the rehabilitation or
Republic, Wash. camp. where vast
tonnage of milling ore has been opened
'The bringing to the producing stage
OF some several dozen new mines In the
paying from $50 900 to $40 900 month in
dividends, is only question OF snort
time. short distance north OF Spo..
kane, near Cheweah: Wash; ash. seEerai Ms,aa
been blocked out. and one property is
already earning about $4,000 a. month.
British Columbia will furnish some
large producers this year. The SLOGAN
and Ainsworth districts alone will soon
be paying at least 100000 a month more
than Is now being earned, and Spokane
capital controls the leading properties,
S"Tne figures relative TO dividends and
net earnings do not take into account
the regular disbursements by regular
shippers IN the district. nor the large
amount OF money spent for supplies. ma
chinery and payroll, which is probably at
least three times as much as net earn
lngs-
III know OF no more attractive place
to operate than In the inland empire.
Great lead-silver. copper, gold and coal
mines prove the richness OF the field.
and there Is an abundance or timber
and plenty OF water so necessary TO
cheap mining. The inland empire min
ing territory offers everything to be de =
slred-a wonderfully. rich field. proving
III hr-,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
Has Big -Four Vein.

OBJ The exchanging OF tss W
Jumping Jack Mining compsJ. y
haitian Stray Dog Mining g.
the nhattan Indian Camp W
pany shares for the Jumping ia
ger Mines Will BE the only ~
stockholders OF those coEpna
have a chance 70 benent p ~
opment now being made By z !
Mining company, rhs Dexter ~ ~.
pany and the Little GIey -
pany. which are adjoining =
and which have recently ~ IN
norfant disclosures Of ore "a "
erty. The Big Four hhI
stock Is selling oboTs 70 osSs say, + |.
and the veins of this proNN
trayerse the property OF tT
The outlook for Manha,t1n Mii WI
bright as et present end u W
unwise for any to nor p'''
terest. ,s,. &
This reorganization. All s0.Sa
Viii be used Cor the bensaI =.
ing Jack Merger Mines. ~ ME
of the Manhattan Jumping ", vi N
cnmpany, " the Manhattzn eIS,
ing company and the MtNIl al.Ii -
Camp Mining company VI. url;ss =
lost to the stockholders .ss M -
and Ii is therefore q toi n
~ tbat avery siaNkpsta
ccon,penies shall send .r nsr IN
Gates with draft or N aiTaiaS ~ iaS,ss
able to the Jumping 'SrS 'IS%r.,riss lrl|
for exchange into the yu|sssss |,ss.rss55
ger Mines shares 70 Iao ,',sou. an Il u
eomnanv. Charles E. EueSS
earIiest possible date.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18


s"Surplus.
The general balance sheet as Of No
vcmber 30, 1911. shows assets as follows:
Properties at cost, S3.426,o ,o0l; metals and
copper copper on N h hand and in transit $ia2,Si3
prepaid insurance and taxes, s2o96; az
counts receivable. sl666; cash. Sl4ah;
''t.; Liabiitlos: Capital stock. sce5S5l5;
sundry creditors. sli6.47$; reserve for em-
surplus, S717 g6i; total. S5s2e;c%e: A.,
the company's operations were main
tanned for eight months under serious and
embarrassing condltions during the time
when 2 supply of coke had 10 be shipped
from the ConnelsvIlle district OF Pepnsyl-
vania, results for the year must be con
siderad favorable in view or the low price
Options 10 purchase have been secured
upon certain promising mining claims as
Franklin Camp British Columbia; yoisht
property near Princeton, E. c.; 81. Fl.
claim IN Slocum district. British Colum-
bla. and Greyhound claim. In Deadwood
At present the company ls receiving q
normal local coke supply, and its entire
plant is now in operation.
Shipments Of ore for the year amounted
to 3s4.Sss tons, OF which 34o:029 tons
were from the Mother Lode mine. The
company's smelteC handled sos,s.5 tons
OF ore, ana the pllster copper produC1ioll
amounted to 1no44, ,oa3 pounds, contain
Ing 2.9i4.es7 pounds In fine copper. 31,i4t
ounces of gold and 1926 ounces Of sill
YER
In general the prospects for the coming
wear are very favorable and It Is rea.-
sonably expected that the tonnage han
died will ne the largest and the opsrat-
ing costs the lowest in the history Of the
company,
The report contains an In memorlum
for Colonel !. &. Run. r. T.. Sommers.
vice president, and Edwin Hawley. They
are succeeded on the board by William
e. Thompson. August Heckscher and
Joseph II. Seaman OF William A. Read
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
CONTROL. OF PLUTUS
COMPANY is DISCUSSED
Special TO The Tribune.

PROVO, Feb. lit has been reported
here persistently for several days that
the control of the Plutus company has
changed hands, and that ii Is either now
IN the Knight control or viii he soon.
This latter part OF the report is not true.
as Jesse Knight denies that he is or has
been buying the stock.
The Knights sold their interests some
time ago In the Plutus 10 the David
Evans interests, and IL has been thought
that the control still abided with Mr..
Evans and associates. The Plutus is
one OF the best pieces Of ground at Tin
tic. and the many stockholders are be-
ing the proposition to development
stage
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
MAY DAY STRIKES
FIFTH LEVEL ORE
Gold Ore Going Down and
Company Begins Seventh
Level Search.
PLENTY ORE IN MINE
Uncle Sam Drifting Upon
Good Grade Ore in Some
y New Ground.
PLENTY ORE IN MINE

Superintendent z. c. Griggs of the May
pay Mining company was in the city
Saturday. bringing with him the first IN
formation regarding the strike Of ore last
Thursday on the 50o-foot level. 1t VIII
be recalled that the management mas
been extracting some extraordinary satis-
factory gold ore on and round the eoo-
foo, 1evel Tor some time past. and that
= diligent search has been under way 10
encounter the same ore shooI on the oou
foot Level TINS ore sna Tas results Ref there p give
such promise that while working IN tnls
new locality the management mas az
ready put q force OF miners oIiIlins 'oi
the same ore on the Ioo-toot ieVe'
Mine Is First Glass.
..Tne May Day." said Mr.: Grisgs to the
Tribune yesterday. ls in first class con.
dition. the best In three years o. more
PAST. The company sh,Rpea IS seven q rraas raas
dssi OF ore broken down in the mine
ewaitine extraction. This ore averages
mighty close 70 S2s per ton in soia, u TEn1 Sn1
the May Day. In the early days. you
mainly. and this ore came from the ease
side Of the Dig north ca1ns anG sofro from oias the
ives west side Of this dixie. and we are IN
virgin territory and ground that is e1-
tremely full OF promise. ntr
Gdses is superintsndent. is following : a
splendid lead OF ore towards the ir Ns9n,
% Is sin a Considerable distance rom the
latter territory. This is In the old an'3c
nnr ground, and the ore is running lS
to t II ounces silver. 25 per cent lead q, and
from si5 to $50 gold to the ton. This
ore body is In absolutely new ground aIlo
it is about 100 feet below the old tun-
nel lsyel. ,,, T.. G.
been raising in the Richmond & Anaconda
to connect the old and new workings, 'ae
raise having been driven for 200 feet 70
date. and connections are not over zen
DAYS distant. When these connHctons
are completed the management WIN nave
an economical entire 10 the ground desired
and a drift on ore will De started AZ
depth of so feet below the tunnel Level,
the tunnel having been driven IN tne
early days by Jesse Knight; Mr.. NJ TrigsIs rnIs
sam and Richmond & Anaconda are ne
ine shaped for a considerable amount 81
highly gratifying activity during the coin-
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
Attempt at Rescue.

It Is this situation tia, -. /.
essary 10 take Immediate ,-.,. M =
II possible, the property \.
shareholders. The writer
with Messrs. Zadig 4 ca $ -.
Francisco, Cal, a'ho ysr, ~ =:
In reorganizing ths Rescue Eh 4
completed the reorsaniuS- y
Eagles Nest and Eaii.tops VA.
panies OF Feirv1sT. Nsr.. r7,
pleased TO report that the rss -
with the work which has H., r
looking mora encouragins ttts
years,) and With thar esd a e
taken the following steps: n
First-Tte Jumping Jatk Nruy
company has been created -
laws Of Nevada 10 heeoms ID =.
TO and substitute for ths ".
Jumping jack Mining c1mpIu5 q,
haitian Stray Dog Mining rt-t.|
the Manhattan Indian Csnp M,si|
paw, with a capitalization y =
shares at q par value OF 81 psy "
with broader and mora saus.ssu)
ers than may he eIsrclssd ey 81
companies.
Second-Ths new company 81 d
ganiZed and Is ready 70 p,oaA ID
ont the principal purposs d Isl
ton. viz. the acquisition @ HaE1|
Of and the practical substtniti &
company for the cid conpasIz Z
lows:
(A) b. issuing 10 each Eoas
tina Manhattan jumping ID I
company. the Manhattan SczyM|
ing company and the Msnhztr 1
Camp Mining company, pp@ n
render Of his certificate % -
company will become ths oSss
and the payment OF one sM q
cents for each share, 2ropsM
surrendered to this company a
amount OF the capital sloa 4 =
| paDy, share for share.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
ON SNOWSTORM
PROPERTY Is STARTED

L, F.. Whitney OF Salt Lake has
started construction work with a crew
Of twenty mine men OF a conceutrator for
the Snowstorin mine at Mullan, Idaho
II is expected the plant will be ready for
operation by May Is. The concentrate tor
will be equipped for the treatment OF the
low grade output of the mine, and will
be added to as the demand increases.
The initial construction plans provide for
ono cotton unit, which. IT is believed, will
be ndenmate for the ore for some time.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
Grand Central Is Deep.

Another two weeks work snould put
the shaft at the Grand Central mine
down TO a depth OF 2325 feet making It
the deepest shaft in the district and
perhaps the deepest In the entire state
In order to go below this point longer
cables will have to be added to the pres
ent hoistinE equipment of this mine The
Grand Central workings are entirely free
from water and as soon as the sinking
is completed a station will be cut on
the 2300 level and drifting taken up. the
first drift on this Ievcl to be driven
toward the southeast. where the ore
should be encountered without any great
amount OF prospecting.
Everyone who Is interested In the
growth and development OF the Tintc
district will be pleased to learn that
operations are 10 be taken up at once
at the property Of the Tintic Mining
Development comNanv. This COM
pany owns a eroup OF claims which ad-
Join the Mammoth and Gold Chain
mines. and II was through this ground
that the old SiouX-AiaX tunnel was
driven many years ago this tunnel being
one OF the longest in the entire dis
trict, reaching entirely through the
mountain to the, Carisa mine. r. NJ
Sheehan who will have charge OF the
new work. which lt is the intention OF
the management to do at this time ar
rived at Mammoth during the week and
states that work will commence lust as
soon some new machinery and SUP
plies arrice, which Will undoubtedly be
within toe next few days.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
SMALL SALES AT THE
CLOSE OF THE WEEK

Saturday morning on the local exchange
there were sales for 1s.4I5 shares 81
stock. the market value OF which was
S264o62, The weeks sales totaled o3t.
957 shares with a value OF 1909 so.
The board as rule was quiet and prices
were but little changed from Friday.
Thompson Quincy was fhe only unlisted
stock that enjoyed sale. $50 shares go
Ing at 25 cents a share.
The following were the closing unlisted
and listed stock transactions
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
COPPERS LOOK CHEAP
AT PRESENT LEVELS

James A. Pollock & Co. bankers and
brokers, furnish the following. received
over their private wire yesterday after-
noon: ,, :,
Paine webber & Co. Bostop-The To-
cal list showed no change worthy OF
mention. The demand for stocks was
very scattered, with equally small Of
rcr{nzs There was no change in prices
and the local traders are waiting for
further developments in the metal and
the political situations We think the
conner list Is cheap and that we shall
see materially higher prices before we
have any reaction.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18

FORENOON CALL.
Beck Tunnel Consolidated 500 at 14c
Columbus Consolidated. 100 at 27c.
Consolidated Mercur. 450 at 4o
Crown Point, 100 at 4sc.
Iron Blossom, 800 at $1.20.
Iron King, 100 at Sc
Lehi Tintic, 1000 at lie.
Little Bell, 500 at $50.
Opohongo. 1000 at 19c
Prince Consolidated, 100 at s1.o25
Silver King Consolidated, 100 at s1t5;
rs at sl.125.
South Iron Blossom, 5000 at J.
Swansea Consolidated, 200 at 32c
TintIc Central. 1000 at &c.
Ohio Copper, 100 at s1.05.
OPEN BOARD.
Gold Chain, 100 at SEC.
Lower Mammoth, 5000 at &c.
May Day, 1000 at 14c
Ohio Copper. 200 at s1,c5.
Sioux Consolidated, 1000 at lie.
South Iron Blossom, 5000 ut &c.
TOTALS.
Regular call. 1926 shares. slS11.12
Open board, 9150 shares. SS29. 30.
Total sales. l9,475 shares: $2640.62.
Weeks total, 1867 shares. $34, 900. &C.
Metal Market
The metal quotations for Saturday.
posteds BY Mccormick & Co., were as fol
lows: Silver, 5sac. lead. 81: copper S13.s7a
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
SWANSEA sENDssT ssTEgIl II
." S:(5M SOME ORE SlD

Special to The Tribune. T,rtim1s.s, III
that the swansea la,s ore S % t.,l'5
ssss' j is"s"SS ss"S i. 81 Ell Sc
&; g. #; !; s: 4: :r;5; !: :; /
KnlshG K Z l'@'ise iissfeslssssso sssso1ss,!!IIllos I'll
'''s"', THE Art ., . 5ssss's'|
Would be lost in n IS ISSusinss
Office plRS@
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
No MARKET FOR
T|NT|C IRON ORE
Iron King Closed Down on
Account of No Demand
for Product.
SHELTERS MAY BUY
Silver Prices Felt During the
Week by Iron Blossom
and Others.


The Eureka Reporter has the following
to say about the mines OF Tintic:
The Iron King mine in the eastern end
of the district has been closed down, pre-
sumahly because the management did not
care to continue the development of the
big deposits of iron while there is no
market for this product. For several
months past the men employed under
Superintendent George Parker have been
developing the iron ore, the work being
handled through the main tunnel, and II
is safe TO say that the ore which is now
blocked out in that part Of the mine cN-
cceds 100, 900 tons. All of the smelters
need iron ore, but most Of the plants own
their own iron mines, and while they
cannot produce ore at their own proper
ties any cheaper than they can get Vt IN
Tntic, II is. of course, 10 their interest
to work their own ground.
There are reasons 10 believe that the
iron deposits OF this section will cventu
ally pass into the hands OF the smelters.
the ore being OF better grade than that
produced In other parts Of the state.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
Mines and Mining Activities in Ore Districts OF Ota
BRITISH COLUMBIA
STATEMENT ISSUED
Despite Difficulties During the
Year Good Record OF
Earnings Made.

The British Columbia Copper com
many has issued its pamphlet report Io'
the year ended November So I'LL. Inc
income account compares as follows:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
Beck Tunnel Conditions.

When asked about the news from I'm
tic In general. Mr.. Griggs spoke very en-
corrayinclv about several propositions
which are doing earnest development
work. especially the Beck Tunnel, which
is in the best shape for long time, II
* generally known in Eureka that the
Becf Tunnel is in the best OF condition,
is steady shipper OF ore and bids fair
10 he ono OF the successes or Iintlc dur
ing the coming year
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
Mining Notes,

Arthur Thomas OF Dern & Thomas LEFT
yesterday for an eastern business trip.
George w Badger left Saturday for Los
Angeles to join Mrs. Badger for a week
or two before returning home.
General Manager B. N. Lehman of the
Yankee Consolidated company Ia back
from a visit to the property.