davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
NEW YORK MARKET
TIRED OF POLITICS

James g. Pollock G Co, bankers and
brokers. furnish tho following. received
over their private wire yesterday after
noon
Logan & Bryan. New York.-Wcre it
not for the declines recorded during the
last hour OF today's session. the price
changes rs a result Of the trading dur
ing the past week, compared with the
level In vogue last Saturday. would have
been for the most part on n basis of
averages nominal. The financial com
munlty has been and stll is inclined to
lay great stress upon the occurrences at
Washington for the jockey,ng for politi-
cal advantages with such n vital matter
as the money trust inquiry. as Il means
being in keeping with constructive
methods Seemingly. the desire 10 eN-
pand trade and industry Is being held In
check owing TO the conflicting views en-
tertained by our prominent statesmen as
to the proper course Of procedure In con.
noction with the so-callcd matter OF
remedying what arc considered existing
evils. and in addition the unsat satisfactory
state Of affairs in Mexico and the politi-
cal and labor unrest abroad have con-
trihuted towards making the situation
rather complex,
From a technical standpoint tho po-
sitlon OF the stock market has been fav-
ored by the existence of substantial
short interest. but at the same time the
support has not been very aggressive
and the Investment inquiry. aside from
that for gilt edged funded obligations.
has not been of sufficient extent to war
rant enthusiasm. The outlook still ap-
pears TO be so cloudcd as 10 warrant con-
servatiye attitude when trading on the
buying side and, at the same time, when
Il is borne in mind that a saner view
on economic matters on the part Of our
legislators would quickly change the COM
pleXion of things, il is quite apparent
that the inducemeut to take "A decided
stand with regard to the immediate
course OF security prices will he governed
in great part by any occurrences OF an
influential nature which may be witnessed
In the near future.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11

FORENOON SALES.
Crown Point. 1900 at SIC.
Daly-Judge, so at $500.
Lower Mammoth 1000 AZ Sc.
Nav Day. 1900 at l5lc.
New York 5000 at sac: 1000 at she.
Pioche Demijohn, 1000 at lie.
Prince Con. 900 at Sl.00; 100 at SLOPE;
silver King Con. 40 at S1.22I: 100 al
81 20: 100 at si,I7l.
Swansea. 1000 ~ &c
Tintic Central. 500 al 2ic.
OPEN BOARD.
DAILY. 330 at sl15.
Daly-Judge. 25 at $500.
Colorado 900 al 36tc.
Crown Point. 25O0 al Sjc.
Iron Blossom. 800 AT st.oO
Lower Mammoth. 5000 at &c.
Nevada HIS. 80 at S235.
New York 1000 at 55c.
Victoria. 200 at use.
TOTALS.
Regular. 1880 shares for sa2s5 .25.
Open board. sf05 shares for Se029.5O
Total, q, ,25o shares for Si3li75.
WEEKS TOTALS.
5ls.56S shares for 500. 0.723s7.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
MERGER MINES IS
MAKING PROGRESS
Big Goldfeld Property VIII
Receive New Machinery
at Any Day.
QUARTZ IN THE SHAFT
Company Expects to Give
Neighboring Mines the
Benefit of Shaft.
Special 10 rho 1'ribune.

Special 10 The Tribune.
GOLDFIELD, New. Feb. ln.-The high
power air compressor and current trans
former for the Goldfeld Merger Mines
company Will arrive within day or two
and Will bc installed at once The main
shaft has passed the 60O-foot level and
is eight by seventeen feet I'm size. hav-
Ing three compartments five by four feet
I'm the clear and being tImbcred with
twelve by twelve-Iuch timbcrs, the tim
Der sets being five feet in height. Imme
diately upon the installation Of tho new
hoisting and compressor plant the air
drills will be put into commission. and
the shaft is OF such size that four drills
can he employed In sinking ana the
speed In gaining depth greatly Increased.
Manager Met2ecr stated today to your
correspondent that a distance of 1l5 feet
was made last month in sinking this big
shaft which Is a high record consider
and that the hoist is OF only forty horse
power The manager says that after The
large hoistinE plant Is installed he should
be able TO sink at tho rate OF 100 feet
monthly. Nearly all tho concrete foun-
dations for the surface plant are now
in place, that for the eighty-foot steel
head frame having been completed, and
the concrete for tho hoist foundation is
At n depth OF about $50 feet the shaft
passed through about ten feet of quartz
Of excellent appearance, although Of
small value Tho bottom OF the shaft
at els feet Is now in quartz. having just
penetrated a two-foot seam of good
looking material No lateral work Will
be attempted for the present. but at a
later date Manager Metzger SAYS he will
open drifts on these bodies Of quartz and
thoroughly explore them, as both are
OF excellent appearance and are of the
kind that In this district, have fire.
quenuy been found to open into ore
bodies OF great value
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
IRON BLOSSOM AND
COLORADO OPERATIONS
The Eureka Reporter sa

The Eureka Reporter SAYS:
Even in rintc. where big mines are
not at all uncommon, property with an
earning capacity of about s120 900 month
must he looked upon with considerable
wonder and surprise. The orc now being
shipped from the Iron Blossom mine al
this place is bringing that amount Of
money, The present tonnage exceeds 900
tons a day and while some OF the ore
is worth much as $50 per ton II is
safe To say that tho entire output is
averaging up anywhere between Sl2 and
SIS ton after the payment of railroad
and smelter charges. From tho mines
earnings. Of approximately Sl20.0 900 a
month, must be deducted the operation
expenses. which are not high considering
the large amount OF ore which is being
produced.
Two cars OF very good ore mined from
the new ore body which q few weeks ago
was opened up on the 300 level OF tho
No. shaft at tho Colorado, were sent
out this week. This bunch OF ore appears
TO be an olishoot from the big deposit,
from which the mine has been shipping
for a number OF years. and has already
been developed sufficiently to indicate
that il is a pretty nice find, That which
has already been placed upon the cars
VIII carry about 30 per cent lead and from
forty-nye to fifty ounces In silver. The
ore seems 10 be making Into new country,
to the east and a little below the biz
Slopes OF the mine. and for that reason
there is a chance for it TO become even
more OF a surprise
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
G|ROUX IS BUSY
WITH PREPARATION
New Ore Contract Demands
Great Changes in Affairs
of Company.
MORE MEN EMPLOYED
Greater Prosperity for Ely Is.
Assured During the Pres
ent Month.
MORE MEN EMPLOYED

EVERYTHING AZ tho S,eptoo concentrating
works or the Nevada Consolidated coin .
rauy is activity and hustle In outlining
the enlargomcuts necessary by the nc"
ore contract with the GrouN Consoh-
dated company. The latter organization
on Nav begins the shipment OF 900 to
1900 tons OF its pcrphyry copper orc daily
10 The big Steptoe works. and additional
equipment and water supply Is being pro-
Nided 10 handle this amount at the mill
Tile Giroux also is losing no time In
preparing for production. the following
article In the Ely EXpositor OF February
s will indicate:
Since the signing M OF The contract by
ils directors, whereby the ores from the
Bunker Hill and Morris groups of claims
of the Giroux company will be treated
at the Steptoe Valley smelling plant Mt
NcGill. extensive changes have taken
place at the property in the way Of fu-
turo developments and the alteration OF
plans Tor the handling of the orc,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
Future Of GirouX Mill.

NotN NIthstandinS a reliable report given
out some weeks ago that the GlrouN
would i'm all probability, have it's ores
treated at the Steptoe plant, there were
many who still held TO the idea that that
company would increase the capacity OF
its own mill at Kimberly and depend
upon the water pumped from tie Alpha
10 keep u In opera ton. This plan has
now been entirely abandoned by the
management, In so far as the present op-
erations OF the mines are concerned
Should the mines be productive of
greater tonnage than the McGDl plant
is capable OF treating. then there Is a
possibility that the Kimberly mill may
he put in operation To handle tho surplus
ore while the price Of copper is at high
mark.
j.. lust as soon d the arrival OF Manager
Mills from Duluth. whcro he went TO
attend the meeting OF the company.
complete change OF the present policy Of
rated. concentration of the working
force together with "A large Increase OF
mon. VIII be put 10 work at once In
sushing TO the earliest possible compile
iion the railway line from the Bunker
Hin mine 10 the junction OF tho Nevada
Northern. This will be the first essen
tial element ln the development OF that
end Of the GirouX ground for immediate
steam shovel operations. on tho Bunker
nIll Brooks and Morris claims the com
panv is said to havc developed by means
of churn drills. within the past eighteen
months. over four millions Of tons OF por-
nhyry ores. not previously reported in the
statements sent out 10 stockholders. The
orcning up of this ore. which is covered
with from nifty 70 $50 feet ~ overbuTdcn.
%ill bn begun with steam shovels just as
rapidly as il is possible 10 place them
on tho ground 40 as To be ready for pro-
auction from this source by the frst Of
Nav. at which time tho contract calls for
delivery of orc at the Stepioe plant
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
Mines and Mining-ACtvites i'm Ore Districts OF Utah
GREENE -CANANEA IS
A CHEAP PRODUCER
Copper Being Placed Upon
Market at Reasonably Low
Figure.

The cost Of production Of losc Per
po,iud. including construction. or - cents
nor mound without this item. attained nj
f,roerc-Canancs i'm 1911. should not ne
considered as A representative cost ioi
thn ro,npany. say Thompson, IoWlc ~
% Although the complete reports ior
toit opcratlons have not yet been MADE
nuific We understand that FOR the laSl
half of tho wear. when construction WORK
had been largely finished, cost 81 neaIIS
Q cents per pound was attained. "hllc
at tho closo or the year inc property
had been placed upon substahllal y
cent per pound basis ....,,,,,,
Greene Canunea'a s heavy construction
,yorl, was completed during l9ll, after a
pcriod or more than three years spent IN
rchabIIitntine the reduction plants ana
an new construction. In this work up,
wards of $4,000 900 was expended nnlll
today the company has one OF the most
modern plants in the country.
During 1872 Grecne-Can1nea 9roduc-
ton should show n 20 per cent increase
over 1911, on this assumption We give
below the probable earnings per shfEe
for tho coming year, based on inc Fhrl :
Gus prices OF copper metal ana cost
Of cents per pound &C
13-Cent copper ,..-,-.. ss,-.'s''--'-F % %
1A-cent copper ........''.,-.'-''' =. ..
Ii 0-Cent copper ...''-.'-' ''s''--'' '''-
Greene Cananca Is just coming INTO lts
own. and the outlook is better inan lor
years past The ores have been aver
aging some what higher in silver ana cop
per contents than formerly, and tins
condition may bring about still lower
cost of production in the future
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
A DULL
DAY AMONG COPPERS

James A. Pollock &, Co. bankers and
brokers, furnish the following. received
over their private wire yesterday after
noon -, ,
Paine Webber g. Co, Boston The 10
cal market was very dull and erraoc 10
day Good buying In North Butte ad-
vanced the price to 26l franEIln
opened strong, but as soon as the buying
ceased little support was found under the
market Hancock held the best OF any
stock around practically ita top figure
The situation In the metal market IS
favorable TO an advance and this Wil
surely be reflected in higher prices tor
the producing coppcrs.
Gallagher New Yorlx.-EXtreme cold
limited activities Of brokers on curb to-
dav Prices held steady,
H e. w. Boston.-Coppers were dui:
but held firm considering the weakness oil
the New York market. Changes were
fractional Owing to tho weakness In the
big market Il Is thought we may get
little setback in coppers and good peo-
pie advise buying on any weakness,
Hayden Stone G. Co. Boston, ne
Boston list is quiet. with tone somewhat
Irregular, Influenced largely by tho de-
cline I'm New York There are very rev
stocks posted for sale and declines have
been confined to small fractions, no
tabiy in Hancock. Chino. ". B. and Ray
Consolidated. The balance OF The mar
let Is quiet, but strong In spots.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11

CAR NOW ON MARK
Officials Are Much Gr,fs
Over Results During tb.
Past Few Weeks, \

y very encouraging train Of sv,.,
been experienced lately bv n. ~.
Consolidated company a, Ar, -
seen hy The Tribune on sam,.
aeer {. II. Gibbs gave some 49,. !
estins details about the rso...
work. In tho first place, IN.
has found some very hlsh s,.|
while drifting TO tho cas
foot level. there being anvwS.,u "
Inches TO ) feet OF ore av,,.,,-
per ton smeltcr net, whIls ~
nave run as high as $3.50 psr ,ou '
Ihc assays on this new ora r,,.
SO 10 lS5 ounces silver 10 ths ,cs
10 10 - per cent lead and INN
per cent copper. This ore oss
assure vein and In absSn,.l-
ground 10 the surface. The Ios',
means 400 feet below the INN.
so there is a vertical depth of y.
feet on the present face. ana ~
stopping ground on the dlp ni ,bs ~
The company is now merks,..
Of ore that was derived from W.
No. . raise off the 400 .foot l,rs
ore is from IS inches 10 : ft,,,s
and averages S5J per ton sn,;i,'
This is an entirely independent ~.
from the first mentioned eboys ,j.
separated from the first by al -,
feet. In doing This stopiny ths =.
is breaking down and deyelopint /,
siderable tonnage OF milling r1..
which Will be utilized when n,
placed In commission again.
THE Columbus Consoldats5 n
some mighty good work. and y, ~
ing an average OF 500 feet Of nsr
oprent work month ouisEa
/ stoping of ore, The properly h
shape and all connected with m
/ pany feel much gratlhed al co.,
said MIR. Gibbs.
There has been some talk hts,
the Columbus may be reorrlnisI
placed In a financial shape 10 So
property most thoroughly tor ~
deeper resources. but ihoss Cos. h,
| company are aYcrsc 10 dIscun,r
matter at tho present time
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
COPPER EXPORTS FOR
FIRST WEEK OF MONTH

The estimate OF copper exports for the
first week OF the current month are ap-
provimately IL 900 pounds. an in
crease OF over $500 600 pounds as com
pared with the same period of 1911. This
would Indicate the February exports OF
smaller extent than January. when over
50. 100000 pounds wore sent over the seas
But January was an unusually large cS-
port month. and the month Of. February
Is yet Young. The exports for the first
week Indicate a monthly rate that rs
within 22, 000. 900 pounds OF tho domestic
surplus on February /.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
Whiskey and Pine for Odl'
Fine Formula for Old Time R.1
Cured Thousands Here Lit
Winter,
~~~~-~o~.o.o-o--o.~~.o-o>,.


The Increased use of wh!skey n |
Is causing considerable discusils1 4
the medical fraternity. Il Is ssu
jnfalllble cure when mixed viii 4
other ingredients and taken ~
'From your druggist get tao q
Glycerine and half an ounce d e
trated Pine Compound. Take IN
ingredients home and put thsr
half pint OF good whlskey. shahz.
take one 10 two teaspoonfnls an
moal and at bedtime. smslls' y
children according 10 age. Tbt
ment often knocks the worst -
cold In a day but be sure 10 81
the genuine (Globe) CpncenttlA
Each half ounce bottle comes CA
tin screw top case II your dTFs
not have Il in stock ne VIII 1u1
e. Don't experiment with chst7
tain mixtures. II Is very rfq,
druggists say this has had ~
demand for the past s'z yean
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
NEVADA UTAH MINES
COMPANY'S FINANCES

The Boston Financial News OF Febru-
AIRY I says:
Schedules OF the Nevada Utah Mines
and Smelling company were flied this af-
tornoon in the United States district
show total liabilities Of Sl$5, ,023. OF which
$40 900 are secured and Si4.256 unse-
cured. while S775 are due for taxes The
assets are placed al s309.4SS, OF which
there are debts due OF $30T7t3.
Among the secured creditors arc the
National Bank OF the Republic of Salt
Lake city. S2i 800. and the Bristol Con
solidated Mining company. 30 Broadway,
$4,000. The principal unsecured credit
tor is the Rocky Mountain Investment
company OF Salt Lake City. with IL claim
OF s95 900 which is disputed.
Among the debtors are the Nevada
Utah Mining company $222.5iI, the I'M
perial Gold and Copper Mining company.
s174l4: r. Woolley, S@37S5. and the Con-
sol Phoebe Mining company. Sl0S3l.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
RAY CENTRAL BONDS
NOT SUBSCRIBED FOR

Word from the east IS that the under
writer's OF tho Ray Central 81 500, 900
bond issue had TO take ALI bat 800. 600
taken by the stockholders. There was
considerable adverse criticism over this
bond issue IN view Of the fact that the
par value OF the stock was reduced from
g. Ia g., and the bonds were redccIna Me
in stock at tho latter mark II is doubt
less true that II was the manner in which
this bond issue matter WAS handled
which helped bring about tho merger with
the Ray Consolidated company
Tribune Want Ads.
Bel Wasatch $500. Independent $50.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
More Men Required.

. In order 10 place tho property in shape
for production by The first OF Nav. il viii
hc necessary 10 employ from 200 To 300
additional men. This increase with the
force now at work viii mean that with
I'm the next sixty days the Giroux COM
nsny alone VIII be working not less than
800 men. With 2S0 men at work at tho
Veteran mine OF the Nevada Consoli-
dated, and somc 500 employed about the
pit. there viii be something doing on the
hill this spring.
At present the work OF unwaterlng
tho GirouN shaft at Kimberly Is pro-
crossing very satisfactorily The sinking
purlp. which has been submerged below
the 12oO-foot level ever since the first OF
last August. has been entirely covered
and with this aid and the baller the
water has now been lowered 10 the / 400
foot level, and only "a little water now
remains In the sump 10 free the shaft en-
tirciy OF the effects of the appalling dis
asier. No trace has yet been found, how
ever OF the ramains OF McNulty, who lost
his life in The fire.
y small crew OF mon have been stoad-
lily engaged in the construction of the
grade for the railroad line. which is being
done entirely by hand at present but
which VIII soon be completed with the
aid of a steam shovel.
While rushing tho work on tho Bunker
llill group for immediate production, & Is
anticipated that operations at the Alpha
SHAFT. where deep ore Is being sought
VIII be limited for time a. least 10
keeping the workings free from water
and the driving Of one or two prospect
drifts.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
SOFT MARKET RULED
SATURDAY ON 'CHANOE

While prices are holding splendidly on
tho exchange. there Is a lack of brisk
for only - 255 shares of stock. the mar
ket value OF which was Ss31l.T5. This
brought tho sales for the week TO 316.
be3 shares sold. the market value being
$e0. 0.123.S7
Among the unlisted stocks. two sales
were recorded, Thompson Quincy at 25c
and Utah Mines Coalition at i7c. The
following were the closing unlisted and
listed stocl lransactlons:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
President Whittemore Talks.

c. O. Whittemore. president OF the
Merger Mines company. vice president OF
the Godfcld Deep Mines company and
general counsel OF the Clark railroads.
is III Goldneld on a visit. The Cold
field Deep Mines company is the
financed by former Senator William A.
Clark OF Montana and his associates,
and which acquired control of the Gold
field Merger Mines company. Regarding
the operations of the Merger company,
Mr.. Whittcmore said today:
From the large number OF inquire es
received regarding The plans OF the
Merger Mines company and the inter-
est that Is being manifested all over the
shaft II Is apparent that the completion
of this shaft will be the signal for
operations at a number of other points
in tho district, on q broad scale and llb-
orally financed. Many of the inquiries
have received. and I receive scores Of
them every month, ask what effect this
shaft VIII have upon adjacent or con-
tiguous properties, and all seem to be-
lieve that the surrounding territory will
derive some benefit from the explora- =
ton of our ground at great depth.
The Merger Mines company has ap-
propriated the sum OF s250,00O for the
purpose OF sinking the shaft To a depth
OF 1000 feet and installing the most
complete and approved equipment OBJ
ta!nable. The greater part of this fund
may be used In doing this work and
we have already expended about $50, 600
on work and equipment, but we are
Of this original fund for developing and
prospecting the ground and we have the
greatest confidence in making a paying,
profit yielding enterprise OF the Merger.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
MAMMOTH Is DOING
SOME TELLING WORK

The Mammoth mine has for the past
Few weeks been shipping quite heavily
from the new ore body which was
opened several months ago in an en-
tlrsiv new section OF tho property. This
ore has been opened upon the 700 aud
500 levels but r. is from the former point
that the bulk of the present tonnage is
coming At present Manager Samuel
Mciutyrc. Jr., is driving q drift 10 get
this ssme ore on the 500, level. but some
thing like $50 feet OF drifting VIII DC
necessary before the vein uill be cut
Where tho ore Is bsing followed above
the 200 level there is an exceptionally rne
showing and when everything ~ cousid-
cred the deposit is one OF the best that
has been found In the Mammoth mine In
recent years. Richer ore has. OF cours Q
been mined recently. but the quantity
was lacking. The ore which is now be-
Ing shipped carries about per cent COP
peg. with enough silver and gold values
10 make n Of good commercial grade
After connecting up with the ore on the
500 the mine will be In position for
heavier shipmcnts--Eureka Reporter