davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
OUTLOOK is BRIGHT
FOR METAL ISSUES

James A. Pollock G. Co., bankers and
brokers. furnish the following, received
over their private wire yesterday alter
noon:
Paine, Webber &c Co, Boston.-Thc
market showed a tendency 10 rally. The
principal activity was confined 10 May
flower and Old Colony. on account OF the
recent good showing made In the drill
core on the former property. Standard
stocks, while inactive, showed considera-
bile strength and there were practically
ances that the metal market is stronger
now than II has been for some time
Both OF the big selling agencies refused
10 shade t4Rc, and can see good business
of several months ahead at least. We
look for a big bull market before The
month is out and advise especially buy
ing shannon. East Butte. Range, Lake.
Hancock, North Butte and Calumet G.
Arizona, and think. Old Colony can be
bought as speculation Tor couple OF
points rise.
Logan & Bryan, New york.-Political
consfd erations have been the dominating
influence. during the past week In finan-
introduced and win doubtless never be
reported to COMMITTEES, but still they VIII
serve the purpose In large degree for
which they were deslgned-that Is. the
purpose OF creating political ammunition
and enabling many of our ambitious leg
islators to work for n position OF advan-
tage in the forthcoming campaign based
primarily on rather what they attempted
10 do than what they really performed,
As we have stated often, saner politics
will be most essential to future progress.
md seemingly there are indications OF
such an attitude on the part Of quite
few OF our national characters, but IL Is
TOO early TO make predictions as TO what
is likely TO be the ultimate outcome.
Trade and industry In some uarters
shows disposition 10 tread slowly, but
In other lines activity is rather up 10
expectations. The inventory period
through which we are now passing is
factor which tends TO promote at least
temporary heting tendencies and, In
addition. the rather mixed statements Of
earnings on the part Of railways taken
In connection with the fact that consid-
ersbIe new financing will doubtless be
conducted during tho first quarter of
1919. have contributed toward tho easier
feeling AS far as the stock market is
concerned, II seems 10 have dissolved
Itself into pretty much OF a two-sided
affair, with operations in specaltics COM
manding much attention. There has
bscn some scattered realizing. but so far
as we have been able To detect no liuu-
datlon on large scale of what might
be termed an influential nature, for which
reason ne continue to believe advantage
should he taken OF depresslcDs for mod
crate turns.
Gallagher. New York.-The InarlSst in
Giroux is looking much better and the
stock closed with good support at A
Western reports state that the Glroux
has made agreement with Neveda Con-
solidatod for the treatment of It's ores
Good broad market hore In lnspira tioD
which closed at 1nsMt01, 5000 shares
each way. Nipissing we'll supported by
Boston at es,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
BUTTE CAMP MEANS
To RAISE OUTPUT
Present Year Average Will
Exceed the Past by Wide
Margin.

The apparent certainty that tho Butte
camp Is to Increase Its monthly copper
production to 25.o00.oo pounds, against
an average OF about 90, 100000 pounds
throughout 1911, indicates that the Anal
gamated interests see less reason for con-
tinuing the copper curtailrnent policy
than throughout the past year; also that
the Montana camp Is determined TO Sc
cure its share OF the benefits OF an in
creased range for tho red metal. The
Butte camp begins the now year spleD-
didly equipped for economical copper
production. and the 1912 costs should be
materially reduced over 1911, despite the
from ever-increasing depths.
The December copper production OF
Butte properties totnled 21.0l1, 900 pounds,
practically a million pounds Increase over
November. The detailed output for De-
cember was as follows;
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07

FORENOON SALES.
Colorado 1000 at sic
Crown Point, 1900 AT s2c
Daly-Judge. 20 at $40.
Emerald. 1000 at 1oc
Gold Chain, 500 at 5Sc: 500 al 59c
King William, 200 at &c
Lehi Tintic, 1000 at &c.
May Day. 200 at 15c: 1000 at I4ic; 5000
at lac.
New York. 2oo at 7c 1000 at Tic: 5000
at TIC.
Prince Consoldated.. 2o5o at SIC; 100 at
SSc. 100 at s5c.
Sioux Consolidated. 500 at 111c
Swansea. 500 at Sac; 5000 at 35c
Victoria Consolidated, 400 at sic: 100
at soc.
OPEN BOARD.
Crown Point 900 at 32c.
Nav Day, 1000 at &c.
Swansea, 1000 at sac
Tintic Central, 1000 at tic
Victoria, 100 at soc.
TOTALS
Regular CALL 2f,570 shares, 9465a.
Open board. 1900 shares. s332.5o
Total sales, 2S,S70 shares. S497I.5O
Weeks totals 19f.t12 shares. s36. 5s1. A.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
MASON VALLEY PLANT
BEGINS OPERATIONS
New STnelter, Built at Cost of
100000 Blown In;
Works Well.
Special to The Tribune.

Special TO The Tribune.
THOMPSON, New, Jan. 6.-The first
furnace OF tho Mason Valley Mines com
pany's new smelter was blown In today.
The starting of these works will pro-
vide the many mines in Mason and other
Nevada and California districts with a
home market for their ores, which these
districts have been awaiting for years.
In addition to the men now working
at the Mason Valley mines, Thompson
smelter and Nevada Douglas mines, en-
ployment will be given TO a large num-
ber at the smaller properties, many OF
which have been idle for q great many
years
Construction was started upon the
smelling works in November. 1910. and
the total outlay has been close to
81 100000 The works are modern In ev
cry respect and can be operated as eco
nomically rs any copper blast furnace
plant which has yet been built Every
thing worked perfectly and there was not
a hitch In the blowing-in operation.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07

present time Superintendent C. G. Griggs
has a force OF men at work putting In
new track and making other prepara-
tons for an active campaign OF develop
ment work in the latter property The
Richmond and Anaconda mine, which is
practically owned ny the Uncle Sam com
pany, has been Idle for the past eight
years. but previous TO that time It was
worked quite extensively. some ore be-
Ing placed upon the market. The open-
ing of new orc bodies in that portion OF
the Uncle Sam ground which adJoins the
Richmond and Anaconda has brought
about a revival OF interest In the latter
and resulted in plans being made for It's
development. This new work, which Will
he handled through the Uncle Sam mine
Is almost sure TO result in the opening
of some good ore because the Richmond
and Anaconda ground is among the best
In that section OF the district
Some new ore Is now being deveIoped
in the Uncle Sam and by spring the mine
will no doubt be in shape for sending out
much heavier tonnage. The point
where the new ore is being developed is
about 13f feet above the main ore level
and in value IL will compare favorably
with that which the mine has been mar
kcting for several months
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
NEVADA is PASSING
THROUGH HARD WINTER

Advices from all parts or Nevada are
to the effect that the etate is expert
encing the most severe winter In a great
many years. and wafer pipes at numer-
Gus mills and mining plants havo frozen
for the first time In the history Of the
majority. Ave days close down at the
Round Mountain mill js the first report =
ed, and doubtless others Will experience
like trouble.
But all who are interested In Nevada
VIII rejoice at the abundance OF snow.
Tor II means more water for all purposes
during the coming summer,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
VALUES HOLDING UP
WELL UPON EXCHANGE

While trading continues limited on the
local exchange, stock prices retain their
good ranges, the market being exclusive
" a speciality affair. The sales Satur-
day morning totaled 28.S70 shares of
stock, the market value OF which was
S97I.50, bringing the first week OF 1872
into the busy column to the extent OF
1912 shares selling. value $36. 5S1,47.
Among the unlisted issues yesterday
morning, only one stock sold, that being
Santaqun Chief, 1000 shares going for ST
cents a share The following were the
closing unlisted and listed stock trans
actions:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
WlLBERT COMPANY IS
COMPLETELY FINANCED

Stockholders of the Wilbert Mining
company are rejoicing over the success Of
tho firm OF Dern & Thomas Of Salt Lake
in financing the organization. IT is stated
that the issue Of treasury stock for the
construction OF the mill and for the
proper equipment OF the mine for pro-
ductioD has been over subscribed by
close to 1000 shares. indicating that
money for the financing of developed
mining properties requiring accessories
for production is becoming more plenti-
ful than IL has been for two or three
years past
The Wilbert mill is now close to com
plotlon. and II Is hoped that the plant
VIII begin producing silver and lead con-
centrates early in the coming month
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
EAGLE-BLUE BELL
PLANS FOR SHAFT
Company Expects to Resume
Sinking Within the Next
Few Days.
SHORTAGE OF CARS
Camps Progress Held Back
by Lack of the Usual
Facilities.
SHORTAGE OF CARS

The Eureka Reporter says that Super
intendent William Owens of the
Eagle and Blue Bell expects to
start sinking the shaft at this
mine by the first OF next week. Ev-
erythjng at the mine is IN readiness for
this piece OF work and the only tnlns
that can delay sinking Will be the iall :
IRE Of the railroad company TO denver
the timber, two carloads OF which left
Salt Lake a few days ago. Three shifts
will be used in the shaft and the sink
ing should be carried along at the rate
of about l35 or 140 feet q month. Mr.
can be handled without interfering to
any extent with the regular work and
the shipment of ore.
The Eagle and Blue Bell, as well as
many OF the Tintfc mines, Is having
trouble In getting cars for the handling
Ing this total OF six cars were loaded
this week. Sufficient ore to have loaded
three more cars was hoisted and splen-
did reports are circulated with reference
to the physical condition OF the mine.
The now strike upon the 1900 level OF
the Grand Central mine Is opening up
splendidly and already the ore has been
followed upon its strike for a distance OF
not less than $50 feet. There Is still a
full face OF ore In the drift and the man
sgement has decided TO drive forward
upon the ore before developing 1t by
raising or sinking. Considerable ore has
been taken out In driving this drift and
heing OF q nice commercial gradc II has
been placed upon the market. The Grand
Centraps ore bins are reached by both
railroads and consequently the mine has
been able to send out the usual tonnage
while other Tlntfc mines have expert
anced difficulty In getting cars for the
shipment OF their orc,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
Market Is in Europe.

"At the present time most Of th4
has TO be shipped TO Europe at
hibitive cost arising from both h|
transportation charges and tho fact.
the ore has to be closely sorted an
mined In comparatively small quanti
''In the Colorado field the uranlum'
Yanadium are present in two dts|
ores, one being the so-called Roscoe
which is really a vanadlum sand
and not a true Roscoelite, and Camo
in which uranium and yanadium ara
present. the latter ore containiD|
larger content OF yanadium In addl
TO the uranium than the Roscoelite.
this reason. and also that the Carnf
ore more readily yields 10 treatfn
much Interest and attention has
directed to the Paradox valley, vi
the Carnotite ore is OF greater imu
ance. Here. however. the field Is ?
spotted in character and the tonnage
be made up by the aggregate OF Z
many small deposits rather than fru
few large ones.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
LION HILL COMPANY
ARRANCES FINANCES

Al the meeting OF the Lion Hill Con
solldated Mines company Saturday, the
financial plans or the company were ar
ranged that $4,000 monthly for the en-
suing fifteen months will be available
for development purposes by the sale OF
treasury stock II also was determined
that the stock OF the Lion Hill Mining
d Milling company can be exchanged for
that OF the former on and after October
10. 1912. The company plans to develop
the property at Ophir by way of the
East Side tunnel, and operations Will he
conducted along tho largest scale pos
sble.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
MORE MINES FOR
TONOPAH MINING
Company Closes Deals for
Aurora, Lucky Boy and
Mono Properties.
INVOLVES BIG PLANS
Railroad Seems Assured for
the Mono Lake Section
of California.

Word from Nevada is to the effect
that, I'm pursuance OF its policy to broaden
out continually In the western mining
field the Tonopah Mining company has
completed the negotiations for the pur-
chase of the Aurora mining property. also
the Lucky Boy group and the old Lundy
mine In Mono county. Cal. IL Is deemed
certain that the company will extend
its Tonopah e. Goldfeld railroad line to
the Mono lake section. where there is
vast section of mineral wealth and
timber.
The Goldfeld Tribune has the follow
Ing to say regarding this important series
Of deals.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
Power Arrangements.

The power lines Of the Nevada -cysIi-
fornia Power company have already been
pah company could effect a large saw
ing by Installing its own power. gem
Grated al LuudY, situated some thirty
miles west OF Bodle The mines at Lundy
nave produced large quantities OF com
meTcial orc and from their location and
the unlimited supply of water on the
ground they can be operated at very low
cost The ore OF this property Is said
to be amcnable to the simplest and
cheapest processes of treatment
Other properties in the Lundy district
are said to be held under option by
the Tonopah Mining company in case
the company should extend IT'S rail-
road to the Mono country an almost
level branch could be built inlo Aurora
In distance OF but a few miles
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
Utah Deposits.

"The Utah field in the viclnit,
Green River, seems 10 have ATTRACTED
attention OF large eastern interesta
through their engineers, have condu
a Wide and most thorough investlg1
OF the deposits and the treatment q
ores. These interests have little 20
about the scope OF their plans. but =
are highly regarded by the trade bo1
this country and abroad as flbancialy
sponsiblc and we'll equipped TO PRO-
handle the question OF mining and y
ment of the ores. They regard tnc
dustry as being In its infancy and
surrounded themselves with the
engineering and chemical talent q
able, Professor Howard. formerly q
Case Scientific school. has been pu
in charge OF operations In the he!l
Green River. However, with Al
safeguards these people are lotn
make any premature statement an1
regard q great deal OF the news tns}|
already been given out"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
Holden Tunnel Plant,

The big power plant at the portal OF
The Holden tunnel was placed In opera
tion early In the week In order that
power might be supplied for the opera
tion OF the big electrical pumping equip
ment In the Centennial Eureka mine,
The Centennial Eureka has been securing
power from the knight company. but line
trouble early In the present week made
it impossible for this nina TO secure all
the power that was needed and this ne
cessitated the operation OF the big emer-
gency power plant which was installed
over a year ago a this mine While the
big plant Of the Centennial Eureka com
pany was erected simply as an emergency
plant its equipment is most complete and
ample to furnish all the power that Is
needed at this mine. This week was the
frst time that the plant has been In ope-
ration since the final tryout just after
its completion, but Master Mechanic
Knowles experienced but little difficulty
in getting the machinery In opera ton.
Elvn Clark and associates, who have
had a lease upon one of the old dumps
at the Beck mine were forced 10 suspend
work on account OF the cold weather.
They succeeded In sorting out couple
OF cars Of very good ore which has been
placed upon the market and the returns
from this ore gave them a little better
than wages for their work. They VIII
no doubt continue the work. on the dump
when tine weather moderates.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
Ore Shipments.

The Utah Ore sampling con'pa"'f a
Saturday released cars Vi
I'fah CnmDS.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
Aurora Mines.

The mines in Aurora, covered by the
company's option. embrace large area
and have been largely developed. though
their product was confined. during the
time they were operated. to the higher
grades OF ore and that of the medium
and lower grades could not be marketed
at profit owing to the lack of treat
ment facilities, This obstacle can readily
be overcome by the purchasing company.
with Its ready facilities for transporta-
ton and for treating the product. An
exhaustive sampling OF these mines has
been conducted by the Tonopah COM
pany. and while the ore is generally re-
garded as low grade throughout, the COM
panv has given no intimation of the re-
suits of its sampling operations.
The deepest work on any OF the Aurora
mines is at 900 feet-the depth OF the
Del Monte shaft. 1t Is said that In the
Humboldt mine the vein on the 400
foot level Is sixty-f1ve feet wide. Work
In the 90o-foot shaft was suspended In
the earlier operations owing to the heavy
flow Of water, another feature tnat will
not hamper the rich Tonopah company
in development, IT. Is said these proper
Ties can be thoroughly drained to good
depth by tunneling.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
Ord and Bullion.

The orc and bullion. report oo' "a.
day. given by Mccormick q oSo. S' h
follows: Ore received. SsV,ooo'
shipped. 10000; total. seo'oo"'
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
RARE METALS Of 1
UTAH -C0LORA||
Engineer Who Has Visll|
Known Areas Gives the|
Actual Facts.
MANY REPORTS UNIV
Prominent Eastern and q
eign Interests Are Work.
ing in the Field.
MANY REPORTS UNWI|

A great deal OF inquiry both at n
and abroad, has been occasioned by
quent articles In the press regarding
possibilitie5 OF Utah as a rare -
state, and many are wondering To
extent Utah is justified In boastinu
velopment. A prominent engineer of
Lake has been over the known Acid
the state. and when asked on SatuI
for tine actual facts regarding vanad
and uranium ores In Colorado, az
as Utah, he gave the following d
ment,
Important Problem.
1.-THE world wide Importance attac|
to the discovery and production Of
carrying the rare and valuable elem
OF uranium and vanadium has centraI
during the last few months in Utah
Colorado, and, as might be eXpeoted
kinds OF erroneous Impressions have
given out both as TO the value of|
ores and their constituent elenentd
also the quantity and the qaulity o{
ores available. Special examination
expert engineers representing relabjn
terests have proved that the ore b
are most variable in their extent
character. and that at the present
1T is Impossible TO predict what the
portance of the zelda win be, 1t q
most certain, however. that the qua
ties OF ore OF shipping grade are d
paratively small and Isolated and
reliance for further Development
values will have to be placed UPON
Iow-grade bodies and the furthar|
vance in the art Of extracting the VI
from the ores at or near ccntraiIy
Gated points.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
Gold Chain Output.

The Gold Chain, one OF Tintic's heavy
shippers and one OF the mines which has
suffered most on account of the failure OF
fhe railroad to move It's ore. was able to
commence shipping again early In the
present week. For two weeks the Salt
Lake Route company was unable 10 take
care of the ore from this mine and after
the ore house ana all the available space
underground had been filed UP with ore
Superintendent Wetterstrom found IL nee
cssarv 10 materially reduce his force, put
ring those men who were retained upon
development work. While total of nine
cars OF ore have been moved from this
mine since Monday morning Mr.. Wetter-
5trom has not received assurance from
the railroad company's officials that the
does not foel like placing the regular
force at work upon ore In the Gold Chain
The moisture in the ore causes IL to
freeze II Il Is kept In the orehouse for
any length OF time and for that reason
il is quite important that It be loaded
upon the cars soon after being hoisted
from the mine.
During the week drift was started
toward the north from the 300 level OF
the No. shaft OF the Beck Tunnel the
object in driving this drift being TO cut
At depth the iron blowout and strong sur
end of the property. II will be remem-
bered that the old Beck Tunnel ore
bodies, from which the mine paid its divi-
dends pinched out something Ike 20n feet
10 the south Of what Is known as the No.
: shaft and for that reason there has
been but little work done to the north
Of this point. although extensive pros
pecting was carried on In n southerly
and easterly direction. The work which
has just been taken up is considered I'm
open an entirely new section OF the com
panyS ground.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
Nevadas In San Francisco,

James A. Pollock & Co.. bankers
brokers. furnish the following, req
over their private wire yesterday
noon.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
REPORT OF FINANCES
OF SIOUX COMPANY

Special to The Tribune.
PROVO, Jan. 6.-1hc officials of the
Sioux Consolidated company were able
today TO release the financial stale
ment covering the past fiscal year The
annual stockholders meeting was held
In Provo several days ago. The follow
ing shows the rather unsatisfactory flnan-
cial condition OF the company:
RECEIPTS.
Cash on hand Jan. 1. 1oli....S So. 400 90
Receipts from sale of 1884
tons of ore .............. rs c44 II
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-07
Roston Mining Stocks.

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