davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
MARKET ATTRACTIVE
BUT CAUTION is WISE

James A. Pollock &, Co, bankers and
brokers. furnish the following, received
noon
Paine. Webber &; Co, Boston-Lower
prices OF Amagamated and Anaconda in
London. and copper off 2 points, brought
this morning. The reaction was general
all through the list. but after the first
selling was over the buying was stronger
and prices rallied all around Superior
was one OF the strongest stocks on the
list, selling as high as Al and closing
there Copper range was also strong,
selling at go and closing. at the top,
North Butte was well bought. The break
this morning brought out selling from
weak holders and the market Is in very
much better shape tonight than II has
been for weeks. We feel very bullish on
the coppcrs and advise their purchases
for considerable further rally.
Logan & Bryan. New York-The weak
ness OF copper metal in London which.
according to foreign cables. was based on
unfounded runors OF concealed large sup
plies OF metal abroad, did much towards
unsetting the stock market during the
first hour Of todays session. The pres
sure was most pronounced In the scase
OF the copper stocks. but then, too, there
was some scattered realizing In other
quarters owing to the near approach of
the Democratic convention In Baltimore.
There was some realizing In Canadian
Pacific. induced by reports relative 10 the
extremely hot weather In the Canadian
northwest. which was taken to foreshad-
ow. If continued for few days, some
damage to the crops In that section.
II seems probable that 81 least for the
next few days politics will again COM
mand close attention and we still ad-
here to the views as expressed recently
which are In effect that the time has
not as yet arrived at which too much
enthusiasm should be displayed on the
buying side of the market. or course
the fundamental conditions are satisfac-
tory, but temporary Influences are such
as tend to make II advisable to tread ju-
diciously. The July l dividend GisburSe-
nents particularly abroad Will douotless
be accompanied by at least slight strain
of international money markets.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
May Ship to Utah.

AS soon as the company gets the mine
In shape for production, and the ore is
coming out as generously as anticipated.
rhen the opportunity TO return to the AL
pha shaft and prepare that portion Of the
mine for production Will be presented,
and the sentiment at Ely is that the rich
Alpha ores will be on their way 10 the
International Smelling works at Tooele.
Utah. before the birds gather for their
fall migration. This Alpha ore is very
high grade, and 1t is of a character that
runs into money extremely fast despite
the freight haul 10 Utah, especially With
the red metal lowering round III cents
per pound.
The Giroux, therefore. Is being put into
condition for an extremely generous pro-
duction. and Ely views its plans with a
great deal Of satisfaction, and the senti-
ment in the camp Is buish on this
proposition.
AT the Nevada Consolidated proper
ties says Mr. Mathews, everything Is
progressing with its characteristic
smoothness. for this is one OF the big
propositions sttll in the youugster diVi-
sion that has escaped most of the mis-
fortunes to which the young are heir.
The management Is taking some ore from
the new Liberty pit right along, while the
stripping at that point Is being carried
forward IN a very expeditions manner.
The company Is adding TO the high grade
copper ore tonnage of the Veteran prop
erty daily.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
G|ROUX IN SHAPE
To EARN PROFITS
Charles Mathews of Ely Gives
Stockholders Good News
About Company. l.
SHIPMENTS INCREASE
Ely District More Prosperous
Than at Any Time in
Seven Years.
SHIPMENTS INCREASE

News of extremely gratifying cheracte r
was brought to Salt Lake City on Mon
day for the stockholders o. tho Giroux
Consolidated company by Charles Ma
.thews, a we'll known business man Of the
Ely district. The GlrouN began shipping
few weeks ago to the Nevada Consoli-
dated concentration at McGiu from It's
Bunker Hill and Sullivan estate. one sec
ton OF the s,eptoe mill being set aside
Tor the sole purpose OF treating the
Gtro'w low-grade product
Present shipments OF the Giroux, states
Ny Mathews. average twenty carloads
daily, each car bearing an average OF
fifty eight tons. This indicates n daily
consignment OF about 10000 pounds OF
copper, for the ore. he states, is under
stood to average over per cent. This
tonnage comes from the Bunker Hill and
sullivan dumps and IL is handled by
clam shell digger which is manipulated by
only two men. This makes for extremely
economical mining, and the Giroux should
he making very good money under such
conditions. The management has all OF
sixty days ore supply extracted and by
the time the tonnage is gone the mine
viii be In shape for production along the
scale contemplated by the contract with
the Nevada Consolidated above referred
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
MAY DAY PREPARING
FOR NEW DIVIDENDS

James c. Dick. one OF the May Day
directors, stated Monday that the com
pany was awaiting the acquisition Of
freight rate adjustments before beginning
the shipment OF the zinc ores under the
new contract The company also is In
stalling a new electric hoist, which,
when in readiness for service, will help in
making the zinc output generous and eco
nomically possible.
THE May Day shows good money IN
sight for the first time really in eight
years." said Mr., Dick. He feels very
much satisfied with the zinc tonnage
especially as II is being developed daily
10 dimensions hardly thought possible BY
those knowing the May Day best.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
Terms Of Assessment.

Each shareholder Of the old company
will be offered the privilege of subscrio-
ing to one share OF stock in the new
company at 81 per share for each sha re-
held In the old company, thus disposing
OF Sl,oso.87e shares OF the stock OF tho
new company 100000 shares TO be set
aside for the conversion at par of the
$1,250, 900 OF outstanding bonds. thus leav-
ing s3,130 shares out OF which not to
exceed $4,000 shares may be utilized for
underwriting the purchase OF the shares
OF the new company above referred TO.
Subscription TO the new stock will be
payable as follows Fifty cents per share
on July 10. 1912: fifty cents per share on
September l6. 1912.
All OF the stock of the now company
VIII be Issued as having SO paid there
ons except stock which may be Issued
in conversion of bonds. which shall be
issed fully paid. The new company will
assume and pay the entire floating In
debtedness Of your company and Will
pay II a consideration for the transfer
Of the properties under conditions above
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
BUSINESS WAS A
BIT MORE LIVELY

Alta Consolidated was big feature a,
the trading Monday on the loca, ex.
chahse' the stock being in good demand
III response TO new developments and
present earnings OF this Little Cotton
WOOD proposition. The market as q rule
is i1ttlc changed from last week and that
means dull and drifting. Sales on Mon.
day totaled $4,000 shares OF stock the
market value OF which was SS61l.15.
The following were the closing trans.
actions. s 'e"S
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
Creditors Want Payment.

The greater part OF the Indebtedness
Of the company is now overdue and cred
itors are pressing for payment While
profits from the companys operations
promise to be satisfactory if the naces-
sary improvements are made 1t is out
OF the question to attempt to pay off,
out OF earnings. the floating debt which
was incurred in construction and equip
ment. Under the supplemental mortgage
securing the present bonds Of the com
pany there is an obligation on the part
Of the company to pay to the trustee
n yearly sinking fund OF $120,0 ,00O begin
ming with August. 1911. Said paym ment
has not been made, and IL is impossible
to make it under present conditions
In view OF the pressing obligations OF
the company and the necessity OF early
action, your directors have consid cred the
following plan, which has been under
written and which, II consummated, will
provide approximately s1,280.000 IN new
funds to be applied TO the payment of the
floating Indebtedness. tho completion Of
the mill. working capital, as we'll as
compliance with the sinking fund proyls-
Ion above referret to-
IT Is proposed TO organize a new com
pany for the purpose Of acquiring all the
properties and assets Of your company.
subject only to the Hen Of 81, $50. 900 par
value OF bonds now outstanding The new
company to have an authorized capital
OF sS. 600 900, divided into 500, 900 shares
OF the par value of s5 each. There are
now issued and outstanding 1260,GTO
shares OF stock OF your company The
stock OF the new company is to be aD-
piled as follows:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
PRINCE, CON. GOLD
SPIKE is PREPARED

Carefully guarded by several special
policemen. the gold railroad spike which
will be tho last driven in the Prince Con-
solidated railroad line at Phoebe next
week was exhibited yesterday to local
circles, the custody Of same being given
to r. X Cobb; hence the special police
men. There Will be an excursion OF local
mining men and we'll wishers OF the
Phoebe camp leaving by special train OF
June IS the visitors to spend several
days viewing the mines OF that wonderful
old section which is about to give to the
world another bundle OF millions in gold
silver. copper and lead ores
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
DAILY COMPANY NOT
TO RESUME WORK

1t was stated on excellent authority on
Monday that the report of the Daily com
pany resuming work next month was ex-
agSerated In that 1t was not true. AS far
as known, Colonel Wall and associates
have not formulated their oamuaign OF de-
velopment effort at this Park City prop
erty, but 1t is g. matter that doubtless Will
from tho east.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
HOMERUN COPPER ORE
IS SOLD ON MONDAY

The initial shipment OF copper and sill
Yer ore from the Homerin property OF
the Bristol. New, district was settled for
on Monday, the average value OF the car
being 10 per cent copper and 80 ounces
silver. Other shipments Will be made
with regularity. for recent developments
at the property have been extremely
gratifying \ full face OF shipping orc
is exposed below the cave which was
encountered q week or ter davs ago. This
property was gathered In by several we'll
known Salt LaEers several months ago,
and il looks TO be ono Of the big finds
OF the year in Nevada.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
GOLD CIRCLE CAMP
WILL HAVE A BOOM

James Quinn, well-known mining man
Of Utah and Nevada, has written to S.
NJ. Levy that Cold Circle Is to experience
genuine boom during the summer or
fan at the latest, and that all conditions
are growing more ideal daily He has
bad the privilege OF visiting the Eastern
Star property. which he pronounces IN
crty owners should have their new mill
in readiness for operation within ninety
days.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
Statement Issued by Board Of
Directors Giving Reason
for Move.
MEETING JULY FIRST
One Dollar Assessment Is to
Be Paid in Two IN
stallnentS.

Under date OF June Is. 1912. the direc-
tors OF the Ohio Copper company through
Frederick Eckstein, secretary, have is-
sued statement Of present conditions
and future prospects, which here follows
In fun
The financial affairs Of your company
for some time past have been In such
condition that your directors have rec
ognized the necessity for formula ting
some plan for relief. II the stoclsholde ers
are to be protected in their interests In
the property, It will appear from the
balance sheet, which Is herewith append
ed, that the company has a floating In
debtedness OF approximately $3.50. 1000.
which has been expended in the equip
ment of the mill. The company has not
been provided with sufficient funds to
do this work. 1t has been necessary to
raise money on short torn notes at high
rates of interest, often paying excessive
commissions therefor.
While the company has $3.50, 900 par val
ue OF It's bonds unsold 1t has been I'M
possible to secure the necessary funds
from that source, although the bonds are
pledged as collateral to the Indebtedness
Of tho company During the past year
the second section of the mill has been
equipped with corrugated and vertical
Wall rolls, increasing It's capacity about
10 per cent over that OF the first Sec
ton. While the principle OF this new
machinery appears to be good the pre-
dictions made for It by the Inventor have
not been fulfilled, but with the expendi-
ture Of additional funds In the instalIa-
tion of additional machinery your drec-
tors believe that results will be greatly
improved.
A very considerable expenditure has
already been made In equippIng the third
section OF the mill. This third section.
when and IL completed, will enable the
company to maintain a daily capacity
of 1000 tons. The real efficiency of the
mill will only be attained when Il has
been thoroughly equipped and all neces-
essary machinery properly Installed and
In working order, but to do this a new
flna nCial plan must be devised
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
Mining Notes.

General Manager Grant Snyder Of the
Carioa company Is visitor 10 Tintc to-
dsy.
:. r. Davis. mine foreman at the
Bingham Mines properties, was In the city
on Monday.
The Eagle e. Blue Bell company today
VIII receive check from the smeiters for
the second car OF rich ore from the 700
foot level. The controls show that the
lot Will bring approximately $500. the
flrst car marketed last week bringing In
sj3s5 smelter-net.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25

FORENOON CALL.
Cedar Talisman, 5000 at &c.
Iron Blossom. 900 at 81 27s.
Lower Mammoth, 1000 at 25c
Ohio Copper, 100 at 64c; 100 at SIC: 1000
at 60c
Phoebe Demljohn. 5000 at 1oc.
Prince Con, 1900 at $1.65
Silver King Con-, 900 at 81 102s: 900 at
$1.J5.
Swansea. 1000 at Sc
Wilbert. 300 at csc.
Richmond & Ana conda $50 at Sc
Shares sold, 14.150.
Selling value, s46e1.5n.
OPEN BOARD.
Ohio Copper. 400 at 60c.
Columbus Con. 500 at 3lc
Shares sold 1000
Selling value, 1852.
AFTERNOON SALES:
Lower Mammoth 500 at 2lc
New York. 1000 at 5sc: 1000 at SIC
Ohio Copper, 400 at Soc: 200 at b9c.
Union Chief, 500 at 13:c.
Shares sold. 5000.
Selling value, s543
OPEN BOARD.
Colorado. 100 at Isc.
Iron Blossom 100 at S1.27s
May Day. 1000 at 10c; 500 at l0ic.
New York. 1000 at SAC.
Rich. & Anaconda, 1000 at Sac; 900 at
93c: 500 NJ 10c.
Union Chief $500 at i3sc.
Shares sod l0.s5O
Selling value, $lsS5.e5.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
lNTEREST-DIVIDEND
PAYMENTS IN JULY

The interest and dividend payments
for the month Of July are estimated to
500, o4G for the same month OF 1911 The
figures for the coming month and the
same month Of 1911 are as follows:
Dividends.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
DUGWAY BONANZA
WILL RESUME "

Joseph Lundeen, the new ma
the company, says that the
Bonanza at a meeting recently ne
ed new officers and will now pr
make preparations 70 resume q
on the property after a suspens';
period of nearly four montna
Ii Is reasonably predicted thai ~
new mapas emeRt the company
rapid strides TO develop wnat
cred by those cogniyant OF the T.
the property to be very faVola%,ss ~
early producer OF a high-8reoe A'
and gold product.
San Francisco OIL Stocs
James A. Pollock & Co. pans
brokers. furnish the followinss;
over their private wire yestei'>
noon:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
Ore and Bullion.

The ore and bullion report for Monday
given By Mccormick & Co., was as fol
lows; Ore received. $4,000; bullion
shipped, $50, 200; total S1Is.000.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
Metal Market,

The metal quotations for Monday
posted by Mccormick & Co. were as fol.
lows: Silver. 81 cents: lead. sl.5g. cop.
per. s1732i.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
CROWN POINT HELD
ITS ANNUAL MONDAY

The Crown Point Mining company OF
Provo. Utah. held Its annual meeting yes
terday and elected the following officers for
the ensuing term: Joseph Wirthlin, prcsi-
dent; John Roundy. vice president; ". Z.
Stoker. secretary and treasurer and Jo-
seph S. Berry and 8. D. Klmball were
added 10 the list OF directors elected,
The annual report OF the company is as
follows:
Cash in 1911, s2o44.92.
Sales treasury stock, S1155,
Received assessment No. |, S4362.63
Received assessment No. ., Si74G1S.
Contract $4899o1.
Following are tho expenses:
Wage expense, $10,d ,dSS.5i.
General expenses, $74SS.11
Balance, S1243.05-
Treasury stock unsold, 30. 1o7 shares.
Fifteen hundred feet OF Development
work has been done. a shaft has been
sunk to the b00-foot level, where the COM
pany has been drifting and crosscuttlng
Drifts are running east and west. As yet
there have been no traces OF ore.
Boston Mining Stocks.
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, 1912-06-25

stated, which will net TO the present
stockholders who refuse to subscribe for
stock In the new company approximately
20 cents per share on liquidation.
The board of directors of the new COM
pany VIII be constituted as follows: W,
Q: Allison. John c. Montgomery, j. Fred
Pierson, Jr,, F. Augustus Heinze and
Stanley clifford.
All of the stock OF the new company
not subscribed for by shareholders OF the
OLD company will be taken and paid for
by the underwriters at s1,25 per share.
The underwriting, however. Is condition ed
to take effect only In tho event of tho
approval of at least 55 per cent Of the
stock Of your company, with the privilege
10 the underwriters to proceed II they
so elect in case a smaller percentage may
consent, After the payment Of ali obli-
cations and the completion of tho third
section OF the mill. which will cost not
to exceed .S6o,000, the new company Will
have remaining approximately $3.50, 900 for
working capital
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
ConId shout for Joy.

"I want to thank you ffo%R = r
tom of my heart, - wIote ~ a.
of Lewisburg, w, Va, "tos sron IN
ful double benefit / got III tntS 4
Bitters, in curing me OF S DS'af e
case of stomach trouble sn~ n
tism. from which ! had Dss~ "a,s
helpless sufferer for ten y"ads ySad 4
ne. m ~ For dyspepsia, I!e indiSe'.ai Il
dice, and to nd the ySsst;sn. i
poisons that cause rheumTT,fhe ~ fhe
Bjtters have no equal.
eYy bottle is guaranteed % nm. -
Only 80 cents at scn
Drugs
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
Meeting July First.

The annual meeting OF your sharehold-
ers. held on the Sth day OF June. 1912
was adjourned TO meet on the 10Th day OF
June. This meeting will be again ad
Journed until July /. and at that time II
Is proposed to submit this plan for ac-
tion by the shareholders. The stock OF
all shareholders who have heretofore for
warded their proxies for the annual
meeting will be voted In favor of the plan
above outlined unless the undersi sned
receives instructions to the contrary prior
TO said meeting.
Those who, have not already sent in
proxies for the annual meeting are ear
nestly. requested to sign and return al
once the inclosed proxy. as early action
Is necessary In order to protect the In
terests OF the shareholders. Your direc-
tors believe that the plan proposed will
furnish an advantageous way out of the
company's present difficulties and they
have no hesltancy in recommending II to
the shareholders for acceptance The
financial condition Of the company rem
ders immediate action imperative.
The balance sheet as OF March 81,
1912. follows.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25

ACCEPT NO SUBSTITUTE
For Century printing. You can get the
genuine article at 55.57 Postoffice place
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
San Erancisco Oil Stoct
Ora Shipments,

The Utah Ore Sampling e. s,Sr
Monday released cars OF o. uns.
and 5 cars from NeVana
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25
STOCKS, BONDS, GR|
PROVISIONS, COTI|
James A. Pollock I

bNTNN GHS ANU 6HVNEF
ssa.ass South Main street FsH
Salt Lake CITY.
Direct Private Wire to all ~
Duplex System-One Relay 10 IN
and Boston.
Correspondents Members al Ex!
Stocks Carried on Liberal va
Specialists in Mountain States ~
and Telegraph
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-25

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, 1912-06-25

New York Mining 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, 1912-06-25

Bid. Asked.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1912-10-25
Here Is The Story OF
Boston's Great Victory

{ Josh Derore made another sensational
capture when he pulled Wagner's
drive off the rightfield fence. The
inning was over when Murray picked
Cady's high fly out of the sun.
Then began the inning which will
long live in the memories of the fans
who witnessed il and the men who
strained muscle and brain trying 10
win. After the always in the spot-
light but never on the spot Snod-
grass hammered" a puny little
grounder to the box, going out. Wood
| to Stahl, Jack Murray, the fighting
Celt. belted one into the bleachers for
two bases Fred. Merkle declared all
along that he was holding back until
the pinch before he hit. and right here
be made good with beautiful drive
To eenterfield which filtered through
Speakers legs and went for two bases
Murray raced home on Mercury feet
with the run which all believed would
win the game, 2 to ]. Defeat would
not come, the New York men felt.
Herzog took three strikes and sat
down, disgust written all over bis
features Meyers grounded to the box
and Boston came up to~the bat amid
riot of noise,
How Snodgnss Did It.
Engle, the former Yankee infielder,
was put up to bat for Wood and when
Masty put one over he hit Il up in the
air toward centerfields slightly to the
left. Sncdgrass saw IL coming He
Hoped. he ran. he galloped over the
ground, but seeing how the ball did
fall. Fred. swiftly turned around
Carefully he set himself and judged
the onconing sphere. They could mt
fool SnodgFass. He knew all about
those basebaIls In fact, he knew
them to talk To; but he muffed this
one disHaIIy, and Engle hotfooted II
to second while the centerfieid stand
went into OBSTACLES. They had been
waiting for just such thing. and at
last 1t happened. Hooper then gave
Snodgrass another chance. but this
time Snod was there in time to make
the catch.
YeFkes was passed and then more
boneheaded work was done. Speaker
raised a high foul to Merkle. bpt 10
the horror Of all New York Meyers
ran after it as if his life depended %
1T Matty, too. got the fever and be
Also came tearing over <
Nerkle carefully stood still. never
speaking word, and the ball fell
safely while all three looked foolish
McGraw muttered something on the
bench. but 1t was not exactly in The
nature OF prayer,
Speaker then banged a single to
rightfieId, scoring Engle and placing
Yerkes on third base, with Duffy Lew
is up and only one out Lewis was
passed purposely, for Matty was will
ing to fill the bags, hoping for d0u
bic play or a force at the plate.