davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
THOMP PSON-QU|NCY
FINANCED FRIDAY
Funds for Completing Work
to Production Point Are
Provided For.

II was reported on Friday, and fuHy
confirmed by Secretary a. l.. Thomas
that the Thompson Quincy company mas
fully financed the campaign or Develop
ment work ahead. and which campaign
will lead the company to the successfui
and economical ore production point
This happy condition was rounded OUT
yesterday after an examination OF tne
mine by Director Frank b. Cook ana
others and the company is not very far
from the point where regular shipments
VIII be In order.
Few companies during the past year
have done more work than the Inomp-
SON Quincy and under more severe con-
ditions. 1t Will he recalled that long
drift was sent Into the property on tle
1900 foot level ana that drift along the
f!ssure was driven for 227 feet. "A raise
was then driven on the nssure TOWARDS
the contact to the 900-foot level. On
the 800 fully 200 feet of work was C done ni {,
feet all this development being done
with limited air facilities and under a
steady aud embarrassing flow OF water.
But the management succeeded In demon
strat!ng the ore.
The question then arose as to the best
| method of getting at this ore and properly
ton would not eat up most Of the profits
OF shipments. A drift was started on
the 800 foot level OF the Daily West prop
erty towards the Thompson Quincy and
connections with the 900 should be made
by December "a It Is figured that about
eighty feet OF additional raising from the
900 will bring the company to the point
where production can begin on a generous
scale. and, us stated by Mr. Thomas, un-
der the most economical conditions posi-
BILE,
A shipment of ore was marketed a
short time ago by the company and the
returns were approximately $50 per ton.
This was considered very satisfactory in
view OF the fact that the shipment mad
been deprived of most OF the carbonate
yalues through water action. The future
shipments OF the company are confident
ly expected to carry far more generous
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
PRICE OF COPPER
MAY TAKE DROP
Liquidation of Shares May Be
Forerunner of a Lower
Market.
STOCKS REMAIN SMALL
Facilities for Producing the
Metal Are Better Than
Ever Before,
STOCKS REMAIN SMALL

II. as many are inclined TO believe. the
terrific LIQUIDATION of stocks during the
past ten days has been inspired by the
fear that the country may be facing q
period of industrial limitations. great
many are specuIating on the probable
effect OF this condition on the copper
market Copper in London has been
slipping steadily but by very small stages
tor some time. and while the, big pro
ducers are adheI1ng TO their asking price
of lI9 cents per pound. IL Is significant
that there have been very few sales OF
the metal reported at this figure OF late.
and the European buyer seems Largely
out Of the American metal market
The Balkan situation has been given
IS the explanation OF the tmidity OF the
foreign copper consumer, but foreign
visible stocks are so very low that
Europe VIII be forced into the American
copper market shortly after the turn of
the wear unless IL either can secure some
al line Invisible supply, that mysterious
near-factor in the worlds copper horizon
so Frequently trorted out when conven-
lent. or Europe Will ease up on copper
nOnslImptlnn
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
DIVIDEND OF EAGLE &
BLUE BELL COMPANY

Eastern advlcos on Friday were 10 the
effect that the Eagle K Blue Bell Off
cials were contemplating the declaration
Of a dividend OF > cents a share, which
were mere reflections OF western senti-
meut. for the treasury OF this company
Is a, an especially affluent stage due
10 the unusually large ore shipments
during ;he past year. Production at the
present time is large. the grade of ore
Is excellent. and there is abundant rea
son for expecting that the officials viii
sec their wav clear 10 take such action
In me near future.
Tho control OF tho Eagle 6 Blue Bell
is held ny the Bingham Mines COMPANY
The bingham Mines company has n
bonded indebtedness which Eagle &.
Blue Eeil shareholders believe will he
wiped out IN time by the Eagle & Blue
Sell dividends.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
DEEP WORK PLANS
Of THE MALACH|TE
Operations by Way of No. 4
Mason Valley Mine to
Begin Soon.
SHIPMENTS INCREASED
Salt Lakers Make Inspection
Visit to Mine Located in
Mason Camp.

y party consisting OF General Manager
Grant Snyder, Harry Il. Cole and H G.
Snyder has returned from the Mason
mining district OF Nevada, where these
three gentlemen made q painstak!ng In
spection OF the Yerington Malachite Cop
per company's ground. The Malachtc
adjoins the Mason Valley property, hold
Ing the same ore system. and by pc
culiarly happy arrangement for the Mala-
chite company the major development
effort during the past few months has
been by way Of the deeper workings Of
the Mason Valley mine.
From the No 3 tunnel Of the Mason
Valley the Malachite opened It's ore.
which has been followed along the trend
so far $50 feet, with ore stll In the
face. One crosscut has been driven into
this ore, reaching for twenty feet in
straight smelling and shipping grade ore,
and the company, stated Manager Snyder
on Friday. expects 10 start by way Of
the No. 4 tunnel level within the very
near future for the same ore.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
WHY MARKET is STILL
IN WEAK POSITION

James \. Pollock s. Co.. bankers and
brokers. furnish the following. received
over their private wire yesterday after
noon:
Paine Webber & Co. Boston.-The ac
tson OF the market today was far from
favorable In spite OF the rally yester-
day and tho restored confidence there
was little demand for stocks after tho
slight rally at opening. The whole list
had n sagging tendency II is almost
certain that after the break we have
we shall certainly see lower prices. Mar
gins on many accounts have become
nearly exhausted and with money as
tight as 1t is at present the selling from
these accounts Will be hanging over the
market for some time TO come. We ad-
wise tightening all accounts.
Logan &c Bryan, New York-The stock
market was relatively quiet with the
tendency not clearly defined, owing to
the usual evening up opera tions incident
TO the approach Of both week lend and
the reassembling OF the supreme court.
IT being anticipated that the latter will
make known It's findings in several I'M
portant cases under consideration
Washington news was the dominating
Quoted into the so-called money trust and
affiliated Institutions commanded close
attention in View of the apparent desire
ON the part Of some OF those conducting
the matter to deal with the subject OF
the functions of the stock exchange In
such manner as to foster erroneous inn
presslons as to economic necessity OF
same,
The stock market did not display that
rcsiliency which it would have been nat
ural to expect after recent sharp de-
cltnes and, judging by the character Of
the selling which was In progress today.
liquidation has not entirely run its
course. We adhere TO the view that ad-
vantage should be taken OF existing
levels to tighten lines. especially Of in
dustrials. as We believe that domestic
and international political and legislative
outlooks are such as TO warrant very
conservative course.
Apparently. politicians have not been
forced 10 the stern realization that condi-
tiops can he remedicd without resorting
to methods entirely out OF keeping with
constructive ideas. II would not be al
all surprising should the now present
brilliant business prospect nc adversely
influenced il greater sanity is no> shortly
displayed.
Hayden Letter Boston.-It has been
quite noticeable thai during the recent
break in copper stocks, the ones that
have held best nave been those that
could make good money on a lower price
for the metal. We consider this slgnin-
looks doubtful. Normal production is
now Very large. while consumers refuse
TO do any culture buying. and exports so
far this month are again below normal.
There are several issues. however that
could make at least 10 per cent on their
or cents pound lower. Chino would
earn more than 50 per share on 14-cent
copper: Utah Copper better than Sc 4
recalculation of Chino tonnage gives il
30 000.0 600 tons instead of 81. 900. 600. as
usring it OF furtv-fivc years Irc We
should be inclined TO advise confning
purchases TO these and other low-cost
producers.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
BRITISH COLUMBIA
DIVIDEND DECLARED

The directors of the British Columbia
Copper company. al a meeting held yes
terday. declared the regular quarterly
dividend of per cent, payable January
-. This dividend makes tho third since
July. when payments were resumed after
years time. The per cent dividend
calls for the aynent OF SIS 7j6, say
Thompson. Towle & Co
Owing 10 a delay in the arrival OF the
November report, the production and
earnings for that month arc not yet
available. For October the former
amounted to 1.022. 900 pounds and the Ia l.
ter 10 $4,000 The management will
make no prediction regarding November
results, wishing to wait The final Ggures.
They state, however. That the company
is earning at the present time in excess
OF its dividend
The British Columbia company Is now
operating It's plant at full capacity. which
IS placed at $500 tons Of ore per day.
From 500 Ia 300 tons Is coming from the
New Dominion property. During October
there was treated the largest tonnage
ever handled by the company.
The trouble which British Columbia
has been experiencing and which has
been responsible for lowering the grade
of the ore. namely, the sloughing oft Of
the walls at the mine and allowing waste
10 become mixed with the ORE has shown
Improvement according 10 the manage
mont and Il is expected that better re-
suits will be obtained In the future The
company is Keeping up It's drilling cam
paign IN the vicinity OF the Voight prop
crtv and I'VE or six diamond drills are
now operating.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14

Engineer r. H. Brown Re-
turns Well Pleased With
Phoebe Copper Mine.

Richard H Brown. one OF the best
known mining engineers OF the state and
from point OF service one OF the Oldest
in the state, has returned from the Pioche
section. where he was engaged In round
ing out some surveys for the Homo Run
Copper company. When seen by The
Tribune Mr., Brown spoke very faYorably
regarding this property, which Is o salt
Lake proposition. and he Dronounces the
group In possession Of all the earmarlss
one could demand of proposition making
substantial producer
The property IS provided with a liberal
cross-ilssure system, veins running east
and west and north and south To an
extent best illustrated by comparing them
with a checker board. all extremely well
mineralized. and with the naturalization
making out Into the country rock rs
well. or into the limestone la the series
OF caves as heretofore reported The In
cline shaft has followed the ore for a
distance OF 1873 feet. with the ore as
strong as ever In the bottom OF the work.
ing.
ore shipments arc being made coptinu-
ously and Mp. Brown expressed himself in
every way as being very favorably inn
pressed with the future OF this mine.
He likes the looks OF the whole district
as well. which In times past. has been
productive OF considerable tonnage Of
first class ore
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
GAST|NEAU MINING
DEAL GOES THROUGH
D, c. Jackling and Others In
vest S15,ooo,ooo in Gold
Property in Alaska.

COLORADO SPRINGS, Colo. Dec l8.-
C. NJ. Mcneil. Spencer Pcnroso OF this
city and d. c, Jackling of Salt Lake CITY,
In conjunction with the firm Of Hayden
Stone e. Company OF Boston. today pur-
chased for 5000 900 the holdings OF the
Alaska Gastineau Mining company near
has been subscribed with which to erect
q large low-grade ore mill. The first
unit of the mill. with n capacity OF 5000
tons day, Will be built Immediately, ac-
cording 10 present plans, and increased
when the output demands t. to 10000
tons a day. JaclslinG declares there are
30 600. 900 tons OF orc In sight, running
S1.50 n ton. For many years the prop
crty. which embraces a large area, has
been held by an English syndicate.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
SPRUCE MOUNTAIN A
COMING LEAD CAMP

What gives promise of being a new
lead silver section of the west is the
Spruce Mountain district OF Nevada
word OF which has been brought Ia Salt
Lake ty p. r Bauisan. who Is operat y.
ing In the Mlzpah Dolly Warden sections
OF that stmte. Spruce Mountain is To-
Gated In Elko county, fourteen nil.=
from Jasper siding of the Western pa
clttc railroad line. and while the cannr
has been producer of substantial duanr
titles OF orc, there never has been much
deep work done until lately.
On the keystone claim, being deyel-
oped By tunnel, the last twelve feet of
work averaged 90 per cent lead and
thirty ounces silver and Mr.. BanIgan
says that the owners have ordered ude-
quate equipment and ore shipments win
begin In the spring as soon as the roads
are capable OF being used In the vi
cnity of this claim Is the Blue ReII
property. on which three feet OF ore has
been encountered. averaging 60 per cent
lead and 170 ounces silver. A sample of
this ore displayed by Mr. Banlpan is
extremely fine looking, and has every
appearance OF assaying to the points
mentioned
These discoveries have been made on
what is known as the Monarch ledge,
the formation scheme being rhyolita-
porphyry veins In limestone, Tbssa
strikes arc within 300 yards OF tho Men
arch property, from which recently
leasers have taken a good quantity of
nne ore. One property. the Black For
est, Is owned by eastern interests. and
they arc said TO have determined uDon
equipping the property for sinking the
shaft To the 1OO0-foot level
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
Have the Combination.

MIR, Snyder believes That the ore body
Via No. 4 Will be found soon after the
work begins Tor tho ore extends up to
the Mason Valley line. while the Mala :
chlte management VIII have the adVan-
tago OF the experience In hunting the
ore on the No, level in this new and
deeper work. This No. 4 tunnel work will
be not less than 200 feet deeper on the
ore than that on the No, level.
Three raises are being driven in ship
ping grade copper ore on the No. 8 level,
and the management is completing the
various orc chutcs so that production may
be hastened from the present time on.
This work of production has been inter-
Tered with for some little time owing to
Imperfect ventilation, but the manage
ment has completed the connections be-
tween the NO. and the upper tunnel
levels, thereby affordng adeouate air.
Production, therefore. viii date really
from the present. and the management Is
In position to grind out q steady money!
making ore tonnage. The market for the
orc Is at the nearby custom smeltcr
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
Prosperity Abroad.

The greatest European stocks ever re-
ported were in April, 1870 when they
measured 24o625.600 pounds. The larg
est domestic stocks were noted In April.
1909. when they totaled 1S2, ,279, $50
pounds. while the greatest worlds supply
was in July, 1910. when 40l,301, 217 pounds
were reported.
II Is not unlikely that the settIem ent
of the Balkan war will stimulate the
European general prosperity including
copper and American copper producers
might enjoy again an Increased foreign
demand for their output even though
domestic Industrial conditions arc un-
satisfactory. This Is another and a
brighter phase of the situation, but con-
dltions right now are admittedly uncer-
tain. The foreign situation is far from
favorable while. as Indicated. the mar
ket action OF industrials indicates that
the big financial centers OF the country
are not too sanguine.
Should copper drop 10 IL cents and
stay there. the majority Of producers.
and the very large producers especiaily.
would be more satisfied than they are
today with an 1s-cent market and 12-
cent market tomorrow.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
Natchez Workings.

In the northwest drift from the Natchez
tunnel the management has seven feet of
copper ore exposed, tbs assay value OF
which is TO per cent. The southeast
DRIFT shows three feet OF copper ore.
ranging from to II per cent copper
and when this drift reaches It's logical
point, which is depth upon some splendid
surface groupings, this should bo ono OF
INC most generous OF the various ship
ping points OF the entire property. The
main tunnel is being sent ahead al good
speed FOR the purpose OF bringing this
section OF the property, with Its main ore
system. within touch. and In order to
take proper caro- of the tonnage being
mined now and which will he much in
creased at practically any time. the man
aeement is constructing ore bins al the
Natchez section.
This was Mr.. Coles FIRST visit to the
Property and to The Tribune he states
that Malachite conditions appear ideal for
success. The surface showngs of The
properiy are even better than those on
The Mason Valley, and the large area of
ms Group In view OF the demonstrated
orc bodies at distant points over the
group. leads one 10 the inevitable couclu-
sion that It's future is n bright orc
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
TRADING IN HIGHER
PRICED STOCKS NOTED

Business OH the local mining share
market was not only much improved on
Friday, but IL was noticeable that the
demand was confined almost exclusively
TO the higher priced stocks, like Silver
King Coalition, Prince Consolidated, Iron
Blossom and Grand Central. The aver
age of the day was lowered by dealings
In Swansea Consolidated at one penny
per share.
Sales for the day equaled 1910 shares
OF stock. the market value OF which was
s5262.l il. Tho following were the clos
Ing transactions:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
Condition of Producers.

II world wide curtailment In the con-
sumption OF copper is coming, and this
is something n great many are slow TO
concede. there has never been time
when IL can be done with better grace.
considering the limited stocks Of the
metal on hand throughout the world. bnt
Il comes at the same time at n period
when the world. and America especially.
is unusually well able to produce the
metal Curtailment of consumption nat
urally would mean curtailment OF pro
duction. for the price OF copper naturally
would seek a level that would preclude
a great many propositions from operating
Mt a profit.
The question Of copper supplies is an
interesting one. The foreign visible
stocks OF copper have decreased from
S.6sS.000 pounds on January /, 1912. to
525. 400 pounds on December ], reaching
92.549l2o hounds IN July, which was the
lowest point heretofore reported. The
domestic stocks since the first Of the
year have decreased only slightly. from
Se.i5ts95 pounds on January /, 20 &c.
1s450a pounds on December ]. In July
Of this year. the domestic stocks were
The smallest ever reported. being a..
3s5os4 pounds. giving total worlds
suppy of 1s7.Ss4.1 12i pounds, against 21S,-
l4o.69h pounds on January ], and H.
s90.45o pounds on December I.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
zl]6zX4l
8akzHQ POW
~A6S0lHtelHhn|
NOTICE TO ExcAvAyss

Notice Is hereby glysn ,,
bids win be received 6v 6Vn ~ n1
UP 70 p. m. December IL, lSjf
eXcavauons and filling ,s
prepare the grounds for A.
uon OF the Utah State CapI,d
IN salt Lake City. Utah ',M .s
plans. specifications and draS;,@
are open for inspection al ~
Richard Kletting. archItsct ~ az
building. Salt Lake CITY i,,ss
bids and proposals al the aSns.
be publicly opened and rssS
hce OF the State Capitol a..
I'll Felt building, Salt Ist. ~
All bids must be addresssi
State Capitol CornmissIon y
| City. Utah. and marked In ~
lcit-h corner: IBID IA, " NJ
| Lepitol Building" naming al b.
time the kind or kinds Of ~
the bid covers; for exampl4.
excavations or such bids can
cred 10 the Capitol Commissss
said time and place for opsbjsr
Bids must not contain y,
qualifications, propositions a, -
thing than those mentioned n
| specifications. drawings. con.,.
bonds. and bidders must us. n,
of bids which will be found /,
fee OF said architect, and no sl'|
of bid win be received,
a certified check or csshI.,,
on some bank in Salt Lake ON
Tor az least . per cent OF o.
OF each bid must be enclo,l
check is TO be made payable h
Gerslgned, and is TO he fo1eIta
undersigned In case the bid h
and the bidder does not enlsr +
contract within ten days sils
ceptauce. FOR the faithful sSN,1
the contract and bond herelrsas
toned,
The proposed form OF ccnt1i
be the "Uniform Contract +
1907" and the form Of bond /, 7
Is hereto appended.
\ bond must be Furnished 81
half tho amount Of the bid, I'll
and sufficient sureties, all az
~ the undersigned. II
The plans and specinealIos5
open for inspection and uss
architects office. In rooms ilst3|
building. and at the office Of q
! State Capitol Commission sj|
building. Bids must he Subrln'
cubic yard . Estimated arcus,
cevauons 10000 cubic yards ID
signed shall have the hight 70 ~
or all bids and IN waive any r.
ties in any proposal.
Dated at Salt Lake City, Uhl|
18th day or December. 1912,
UTAH STATE CAPITOL conn
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
ASSESSMENT No'

iIider Nevada Copper cot ~
clpal place of business: ia siIs.spis
Utah. Location OF mines
Nevada. - trat a
Notice is hereby giren, ,t'Insctca tnSlt
ing OF the board OF aumnaDyt
Hidcr Nevada Copper com I'LL
the 18th day OF NoveniI,es'' f,l .!
nent No. S OF one-hais ncsuIrl
share was levied upon the and n
of the corporation. !ssuea % 10 o.
ing, payable lmmediatei5 Tcc
tary at his office. care g, ee,o,,th u
Co.'S bank. corner First 2SS 2Sf,aS
street, Salt Lake city; tI ,sIs -
ANY stock upon which ,lIISay, tdS q
may remain unpaid on ,,l,II fT'iSs'd - d
day OF December. 1912. W., ,rubllt 4
and advertised for sale n.Ss q. bsi1|
and unless payment IS ina' .sS iiu
he sold on Saturday ,n n. b,
January. 1918. at 4 o CLOGS ma a.
secretary's office. 10 ps q
assessment thereon. ssvnanlt {
costs OF advertising and d,Ts S.d.
JNO. J. MORh.Ssr q
First publication NovemV"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
They Always Help Elderly Peopls

Foley Kidney Pills give just the helm
elderly people need to tone and
strengthen their kidneys and bladder
and regulate their action John Nc.
Masters, streator, Ill, says: "I feel
better and stronger than I have for
many years, and Foley Kidney Pills did
it t'-Schramm-Johnsou Co.
fAduar&{..AS \
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14

FORENOON SALES.
Colorado, 1000 at 2@Sc
Crown Point $500 at &c
Grand Central, 100 at S5c.
Iron Blossom. 1900 at $l.2O
May Day, 1000 AT 225c
Prince Con, 200 at si.65
Swansea Con. 500 ut 1c
Wilbert. 800 az lie.
shares sold. ll.50O.
Selling value, S255J.
OPEN BOARD.
Beck Tunnel. 100 at l0c
Grand Central. 200 at sSc
Iron Blossom. 100 at Sl.3O.
Prince Con. 100 at SI.62,
Shares sold, 1850.
Selling value, S991.
AFTERNOON SALES.
Beck Tunnel 1000 at 10c.
Colorado. 400 OF &c.
Prince Con-, 100 at St.6cJ
Silver King Coalition. 300 at SAN
Shares sold 1900.
Selling value, sl3Io.50.
OPEN BOARD
Swansea. $50 at 1c
Silver King Coalition. 100 at $40 g,
Shares sold. SEQ.
Selling value, s3i5.6l.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-14
Ore and Rulljoo

The ore and bullion report ron T.,
day. given by Mccormick & Co. wos -, n.
follows: Ore received. s62, 900. buI,ia,
shipped. $4,000: total. s107, 900 ''''ioi