davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
SOME GOOD REASON
FOR DISAPPEARANCE
Prospecting in Utah Hills Re-
duCed TO Lowest Point
in Years.

The Engineering and Mining Journal
calls attention TO the increased dividends
Of mining companies OF the United
States, and compares this item with the
report that either through the exac-
tions Of the smelter trust, the extortions
OF the common carriers, federal interfer-
ence or Mexican trouble mining is Ian
gushing It then says:
"Neglecting the somewhat uncommon
cases in which plant Is built TO sell to
a trust, the ordinary factory or works
Is built because the builders like the
business. and see in 1t the chance for
oping trade. While there are miners and
Prospectors Of this same order, there are
many whose sole object Is to develop a
goodloolSing hole in the ground and sell
to the more frequent employment Of
competent mining engineers to make ex-
aminations. mining Is not so flourishing
as heretofore. We hope IL will remain
so. and believe that If mining eXperI-
ences another great boom IL will be ow-
ing TO the efforts OF men who like min
ing. who see in ii the chance for a
legitimate, proftab ble business, who are
working mines. not tenderfeet, and who
wish TO hoist ore, not stock quota
tions."
The complaint In Utah has been that
the restrictions and interference OF the
department OF the interior in the matter
of mining claim patents have driven the
hills Of Utah bare of prospectors, and
the reduction in the applications for such
patents In the local offices OF the land
department is eloquent testimony OF
something rotten somewhere The pros
pector is gone. that much IS true
Whether the prospector wants 10 sell a
hole In the ground to the sucker or
earnestly desires to enrich himself and
associates through the discovery OF a
new and legitimate mine, is only to be
determined In individual fnsta nces All
prospectors are not dishonest, and the
history of mining clearly proves the use
fulness Of this hardy pioneer all over the
world.
We simply know that we miss The
prospector. No one but the sucker
misses the dishonest element OF the
game
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
SIXTH CAVE FOUND
IN THE HOME RUN
Largest of Series and Holds
Big Tonnage of First
Class Ore.

Mingled with frequent bills OF ladins
testifyng 10 the copper-silvcr ore pro-
duction ability Of tho Home Run Cop
per company are humorous mine reports
that keep the local interest la this prop
osltion keyed up To a high pitch. Prssi-
dent NJ. c. Godbe on Saturday morning
received 4 message from tho property
giving the Information that another. the
sixth. cave had just been broken into
and this, like all the other caves ms each
was found at a better depth than the
last, Is the largest nt the series
Like the other Ave. the new cave is
filled with shipping grade ore. and the
management is thereby forced to hurry
shipments or means of taking care or
tile orc at the property. as the ore ia
No. cave Is by no means exhausted 10
date. The discovery OF new caves as
tho work continues TO depth Is very
gratifying, for il proves not only tho con
tinuation of the ores, but II is lining up
conditions exactly as they have been on
adjoining properties which have pro-
duced their millions in time past
ore shipments arc being made as fast
as The teams can haul the ore from the
home Run. the management succeeding
In getting out u better amount OF money
than is put back Into the property I'm
development. If history is TO be re-
pcItcd at Bristol as many believe tho
Home Run Is going 10 drive into "A cave
some OF these days that will provide n
tonnage OF bonanza proportions and
value.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
WAR AND FOOTBALL
GOVERN THE MARKET

James A. Pollock & Co. bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon:
Paine, Webber &|Co. Boston-The for
elgn news today was not 50 favora BILE
and our markets opened weaker. rallylnG
slightly shortly after the opening but
the tone was rather heavy and the close
was about the lowest OF the day There
was no special feature and more inter
est centered in the football game at
advancing market can be expected until
the foreign situation becomes more set
tied and the money market easier. We
stu favor sales Oh all strong spots.
Logan e. Bryan. New TorK-The E,u-
rOpean war game attracted Conside cradle
notice with the public reports being sug-
gestye oi rather unsatisfactory condi-
uon Of affairs and with the private re-
ports being hopeful and not confirming
the reported beliigerent attitude OF sew
eral OF the powers. The declines record
ed In the market appear 10 he due more
TO a lack OF bids than 20 o. plentituqc or
offerings, but yet The fact remains that
prices closed generally lower and That
the professional element whose uDora
governed the course OF prices. were only
meeting negative resistance ~ their cr-
iorts 20 Iorce a. lower rang" or prices.
However. IL has been noted or late taat
while some scattered selling of long
stocks has been lp evidence. that on
the whole. the disposition oD Che part 81
not TO sacrifice same On tte drives 80
II IT. questionable whether too much Sig
uihcaucc should be attached so tie pres
cui declining tendency.
l. seems likrlN tFlt i1c decision pl-
pcctcd next week in connection with de-
maHds OF the engineers ON eastern lines
NAV have "a marked influence. especially
as many are Inclined to ON" belief that
a. "a result Cf same irc Interstate COM
mcrcc commission is liEclt 20 define IT'S
future attitude towards Tho carriers
especially as wage demands hereafter
viii perhaps more than before be in
great part prcdicntcJ on tho ability of the
railroads 10 Increase their earnings
through higher freiGh, revenues. We
believe that purchases are advisable FOR
moderate turns on such drives as were
witnessed TODAY.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
REQUIRED Time TO Perfect

AS with many other of the world $
greatest inventions, it has taken sew.
eral years to develop and fivally per.
feet the Karns Tunneling Machine. And
during the period of development
there has been the usual number OF
skeptical persons, with opinions of
their own respecting this machine as
there has been with respect to other
revolutionary inventions. But now,
even the most skeptical are willing TO
admit the commercial possibilities Of
the machine. and others who are looked
upon as authorities on the subject of
driving tunnels say that the karns
TunnclIng Machine Will soon replace
all other known methods of doing this
kind OF work, Over u quarter of a
million dollars have been expended in
bringing the machine TO its present
state OF perfection. II is ready TO 20
on with big work now The 1912 ma.
chine is being built. but more money
Is required 70 complete it. When com.
pleted il viii be used 10 drive u 2J00-
foot tunnel at Wilkesbarrc, Pa. in the
early part of 1918. The driving Of
this tunnel VIII forever establish the
Karns Tunnelng Machine on a CONNER
cial basis-demonstrating maximum
speed and efficiency at minimum cost
for operation and maintenance
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
Sell ng Small Block Stock

For the purpose of raising the nee
essary amount Of money TO complete
the 1912 model. small block OF PAR.
ENT COMPANY STOCK is being Of
tc7cd on the local market at $500 per
share, bv the local agent, Mr.. j. f.
Belchcr. Gl7 Newhouse building. When
this small block of stock is sold. no
more viii be offered, \ closing date
viii he announced within n few days.
Brisk sale OF this stock Is reported
from Cleveland. Ohio. aud Birmingham.
Ala. Interested investors cannot af-
ford TO dclav investigation aud pur.
chase. If not ALREADY convinced, at
tend tho daiiv demonstrations of the
machine Bring your friends with YOU.
We want YOU TO believe what YOU
see, n well a what we saw.
Mail orders will bo given prompt at.
tCntion,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
Parent Co. Stock Harms Iun-
neiing Machine Has Ready
Buyers-No Question of
Earning Power.
mail 0RDER RS RECEIVED
Hundreds Attend Daily Demon
Siratioas Here - Mac hiRe
"P.ows" Through Toughest
Rocks and Cement Blocks.

That the Karns Tunneling Machine
is a wonder worker there is no doubt.
The ease with which ii cuts through
granite, slate, sandstone, concrete and
solid blocks OF hardened cement, is the
source OF great surprise TO all who
have watched it. To date no substance
hos been found that will not yield
TO its grinding. IL has gone into gran
itc at the rate OF two feet per hour,
and through blocks Of the hardest &c.
ment at the rate of an inch every
minute. Every afternoon during the
last three weeks, large crowds have as
scmblcd in the vacant lot to the east
of the Commercial club building, and
critically observed the workings Of this
revolutionary tunnel driving machine.
All have been impressed with its won
dcTful possibilities
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
DIVIDEND Of THE
NEVADA DOUGLAS
First Company of Yerington
10 Declare Profits for
Shareholders.
is LARGE PRODUCER
Twelve and a Half Cents Per
Share Payable on
February /.

The Mason or Ycrington copper district
ef Nevada made It's first entrance into
the dividend columns on Saturday by the
action OF the board OF directors OF the
Nevada Douglas Copper company In de-
olaring a dividend OF l2k cents a share.
President A J. orem OF Boston was in
attendance at the meeting yesterday and
tho feeling expressed over mipo condt-
tions was OF the most encouraging sort.
This disbursement will call for tho pay
ment OF approximately sl25, 600 on Feb
ruary l. the books closing on January 10.
The officials deemed II best To take ac-
ton yesterday as far in advance OF the
date of closing the books that the own
ers OF convertible bonds might have
plenty OF time To convert their bonds into
stock, so as TO reap the benefit from this
dividend action II they desire, and a
great many OF the bonds arc held by
European Investors. II naturally is hoped
that this initial dividend is quarterly In
certain AT present. the future dividend
policy OF the company depending upon
developments which at any time may en-
able the company TO make a definite de-
Termination regarding this important
phase Of the company's affairs.
The Nevada Douglas company Is one
of the large copper producers OF the
western country. sending out from nine
Ia ten carr Of copper ore daily. the month
OF November Ia close with approximately
$4,000 tons delivered tn the smelter dur
ing the past thirty DAYS. This ore aver
ages close TO per cent copper. and other
sections Of the property are being placed
iu condition for mining an enlarged ton
mage within the near future.
In addition 10 its copper ores. the COM
panv Is a regular producer OF gypsum
while iis ownership OF the Nevada Cop
per Belt Railroad line. which handles
ali the ores Of the camp and the products
81 the farms in that section, is very
valuable adjunct from an earning stand
point.
The Nevada Douglas has been devcl-
opc1 10 its present point by Salt Lake
engineering ability, and largely through
salt Lake capital. and there have been
no more sincere friends Of the company
than Utah people.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
Chief-Gemini to Connect.

The north drift on the 800 level OF the
Black Jack mine is still being driven
forward, with something like $50 feet Of
ground separating its face from the big
surface groupings; which is the objective
point for this drift.
Manager Walter Fitch OF the Chief
Consolidated property states that with
in the next few months he Will have n
connection through between this mine
and the Gemini For over n year the
Chief people have been pushing a drift
out in that direction for the purpose OF
prospecting the Eureka City Mining COM
pany's ground. and recently. in order TO
hurry this connection n contract was
made whereby work will be carried on
from the Gemini side.
At the present time tie Chief
Is not connected with, any other mine
and the management, realizing that such
connection will be big advantage. not
only in ventilation, but that IL may pos
sibiy. prevent serious difficulty in case
anything should go wrong i'm the main
shaft, decided To drive through TO the
Geminl workings. The few hundred feet
OF ground separating the faces Of the
two drifts Will be cut out within the next
couple of months.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
Dragon Ships Iron.

On the 700 level Of the No. / workings
OF the mine 1t raise Is now following a
bunch OF high. grade copper ore This ore,
which carries from 10 to II per cent cop
per, is located almost directly under the
copper stope on the 600 and at the point
where the work Is now being prosecuted
there Is fully four feet of fine ore
Ihe Dragon Iron mine at Silver City
is croWdlnS It's present smelter contract
somewhat. sending out about 125 tons
Senson states that the mine is looking
exceptionally good and the only regret
table thing In connection with the op-
Grafton OF the mine at this time is the
'inability OF the smelter to handle a
larger tonnage OF ore. The large bodies
developed to such an extent that the
mine can be called upon for almost any
amount OF ore, but so many OF the
smelters having their own iron deposits,
there is not very good market for this
paiticular character OF ore.
Already this month four carloads Of
ore have been taken from that portion
or the Dragon property which is being
developed from the Black Jack mine and
now that stopping operations are under
way above the 800 level. A larger ton
mage Will most likely be In order. A
tunnel taps the Black Jack shaft at the
300 level and the Dragon ore can conse-
quently be trammed directly to the sur
race, and this means that the mining
cost can be held down TO the minimum
point This ore carries from TO 7 per
cent copper. few ounces In silver ana
some gold, making ii worth in the neigh
borhood of $22 to the ton During the
past few days the mine assays have
shown an Improvement in the gold val
ucS. but the management is not talking
done 10 show that the change is per-
manent one.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
SWANSEA IS CLOSED
DOWN INDEFINITELY

II was reported from Provo on. Sat
urday morning that the Knight interests
had determined upon closing down the
swansea Consolidated property for an
Indefinite period. SO this old producer
which has disbursed s3S4.5OO during lis
history. the last dividend being paid IN
March 1917. will swell the retired list
until something happens TO Justify its
restoration 90 the active column.
This Ia not the first time the Swansea
has been closed down under unfavorable
circumstances, and work would have
been continued by the knights now were
II not that the expenses OF operation
arc too great even for an assessment
proposition. The management has taken
out about all the good grade OF ore thai
was available in the levels open The
Swansea has been put 60 a very great ex-
pense handling water and this Is n fac
tor that increases rather than dimin-
isheS.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
STEWART NOW FREE
FROM ALL TROUBLE
Nearly Half Million Dollars
on Hand and Dividend
Day Approaches.

Special to The Tribune
| WALLACE. Idaho. Nov. 2i.-Stock-
holders OF the Stewar, Mining company
arc rejoicing over the news that tho suit
brought by p. J. Carter OF Spokane
against /. Agustus Heinze, NJ. w Ba-
con. Stanley Clifford and other officers
OF tho Stewart company has been com
promised and eettled out or court. A
receiver for the company was demanded
by Carter and his adhsrents on tho
grounds that President HclnZc and his
associates were operating the stewart
In the interest Of the Ohio Copper COM
pany and other enterprises in which they
were involved. The suit was dismissed
a few days ago by Judge w. W Woods
At Walace on Il motion made by the
attorneys for the Carter faction.
The stipulation recltcS that all moneys
loaned by tho Stewart company 10 tho
Ohio Copper company and other corpora :
tions have been repaid. that all moneys
duo from different smelters to the stow
art company. as was alleged In tho Car
ter complaint, had been accounted FOR;
that all the stock of the Occur d'Alene
surrendered To the Stewart company. to-
Gcther with the stock OF the Coeur
d'Alene Development company. and that
all the demands OF the Carter interests
relative TO an accounting OF the Stew
arts business for the last several months
prior TO the beginning Of the suit had
been complied with. 1t is also stipulated
that the defendants pay all costs of the
action and that a satisfactory account
ing Of the business OF the company be
rendered at stated intervals.
In other words, HeinZc and his follow
Ing secured a settlement OF the suit out
OF court by concedinS practically every
thing demanded by Carter and in con-
sideration Of this the latter withdrew
his application for a receiver. General
Manager NJ W. Bacon is responsible for
the statement that there Is now in the
Stewart treasury about $500. 900, and that
The company has been earning $50 900 a
month since II was plunged into litiga
tion. II Is expected that. now that the
holders is virtually at an end. the COM
pany will soon declare dividend. after
which il viii enter the ranks OF regular
dividend PAYERS
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
GRAND CENTRAL IN
RICH ORE AT DEPTH

Some OF the finest orc that has ever
been taken from the Grand Central mine
is now being hoisted from the 1900 level,
and notwithstanding tho fact that this
mine In sinking It's shaft 10 that depth.
established n new record In mining op-
erations not only in Tintic district but
in the entire state. preparations are al
ready under way for following this body
OF ore TO even grca tor depth.
Assistant Manager w. ID. Loose. when
interviewed by the Eureka Reporter, said
that he Is now cutting out for a winze
which will follow the ore below tho 1900
on this level indicates that the bulk of
the ore is below. better copper values be-
ing encountered on the level than in the
raise which Is now following tho ore
above this point Nine assays OF the
past few DAYS show the ore to carry
about 80 per cent copper, with some
gold and silver.
\ remarkable thing in connection with
the Grand Central is the fact that its
deepest level-thc 2300-s one OF the
dryest In the mine. while neighboring &
properties. such as the OpeX and Cen
tennial Eureka. tapped the water be-
fore attaining any such depth. In the
Grand Central there is no porphyry in
trusion and people familiar with the
mines formation believe that the work
possibly more. without interruption from
water. When IL is understood that In
most copper producing mines the values
Increase with depth (and tho work In the
Grand Central seems 10 prove this
theory IL can readily be seen that the
mine possibilities are ALMOST unlim-
tied
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
C|ROUX TO RESUME
ITS ORE SHIPPING
Company Will Not Wait for
Turn of Year, as Had
Been Reported.

A positive denial In had In ,he cast ot
the report that the Giroux Consolidated
company will not return TO production
until after the turn OF the year. II is
stated positively that the officials are
ende3vorins 10 return to normal without
unnecessary delay. and men are being
secured Tor tho mine as fast as pos
sible. The Ely camp, as all mining camps
OF the country. has far more need for
labor than there Is labor TO fill tho de-
u!and. II is natural that the GirouN
management should be as anxious as any
producer Of red metal To turn out as
faithful tonnage under the existing
market price Of the metal.
The GirouX Consolidated company. ~
win be recalled has a contract for tho
shipment OF anywhere from 600 60 1900
tons OF copper orc daily TO the Steptoe
concentrating this contract TO run for a
May. 1919. Under this contract the cost
Of production OF the Giroux is q cents
per pound OF copper. which Includes the
refining charges also This tonnage Is
10 come from the MorrisBunker Hill
sections. where the company estimated
al the time OF the last annual report Il
total OF 100000 tons available. the gem
eral average of which WAS PA per cent
copper. The average OF. the September
shipments prior to the strike was 2.2S
per cent copper.
The reserves OF tho company at the
present time doubtless are Increased over
what they were when the annual report
was ISSUED. when there were TO- 2gI, 600
tons of fully and partially developed ore
demonstrated, the average value OF
which was per cent copper. In ad-
dillon there We're 6,599, 600 tons OF fully
and partially developed ore known, aver
aging 1.65 per cent copper. tho precious
metal values In these ores being ono cent
per pound OF refined copper.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
Company Concludes to Start
Important Work TO Open
Known Ores.
DRAGON SHIPS IRON
Chief viii Drive to the
Cemini Mine for New
Connections.

An Important piece OF development
work has been mapped out and viii I'M
medidtely be taken UP In the north end,
or No. workings, OF the Iron Blossom
property, says the Eureka Reporter.
In this portion OF the mine the greatest
depth attained Is but little over 500 feet
and now the management proposes 10
sink a deep Wine from the coo level. go
Ing down 300 or 500 feet, Superintendent
Iabriskic is already cutting out Il sta
ton on this level TO admit OF the installa-
tion OF "A donkey engine and the work OF
sinking the winze Will no doubt be under
way at once. This winze will bc sent
down IN the orc zone where the vein OF
manganese and quartz is fully seventy
feet in width and the point which has
been picked for this important piece OF
prospecting Is near the contact between
the gray dOlomitc and white lime
Mr., ZabrislSie has for GONE time been
anxious TO prospect at greater depth in
the north end of the Iron Blossom and
he states that a spot containing better
ore indications could not have been found
anywhere. AS this winze is driven down
drifts VIII be sent out at the various lev
els for the purpose OF thoroughly cross
cutting the country. This piece OF de-
Nelopment work will be watched with a
great deal OF interest by the officials O!
the Iron Blossom who feel sure that IL
VIII be the means OF adding TO the mine 5
ore supply
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-24
BROKERS WILL GET
TOGETHER EARNESTLY

Harmony. good will and optimism were
the wstChwords Saturday at the lunch
con OF the members OF the local ex-
change at the Commercial club. There
were few brokers absent at the board,
and those who were missing had very
good excuse TO offer. Following the
luncheon practically all who were there
gave brief talks. the needs OF the ex-
change were thoroughly discussed and
ways and means mapped out for not only
restoring public confidence in the ex-
change. but ior protecting the investor in
his dealings with the institution and it's
members.
One thing especially touched upon was
the need for greater and more reliable
Information about the mines than is
now had, and the haphaZard news here
tofore available for customers from in
diyidual brokers is TO be supplanted II
possible. and as quickly as possible by
nforma tlon gathered under the direct
supervision OF the exchange Just how
this will be managed remains to be
worked out, but the brokers are aware
OF the value OF such service and Will
try 10 make II one OF the keynotes OF
the future.
The good Will evident at the lunch
con. and the encouraging notes struck
showed that optimism has returned to
the average broker. and the meeting OF
yesterday Is certain 10 give forth good
fruits.