davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
RAY CENTRAL RICH
ORES GOOD TO HAVE
Recent Purchase of the Ray
Con. Soon to Become
Available.

In the rich ore body OF some 500 900
tons OF more than 90 per cent copper.
which was acquired in the purchase OF
the Ray Central property, Ray Consoll-
dated has a very valuable piece OF
ground. This ore body before the close
of the year should play an important
part In the conpaDys production and
earnings. largely increasing the former
and 10 a still greater extent the latter.
The management is now opening this
ore body and barring unforeseen diff
culties. production should begin by the
latter part OF November, 1t Is the In
tcntion to bring the output OF this ore
up to from 500 TO 500 tons per day, say
Thompson, Towic &; Co.
II is interesting to compute what this
ore body will mean to Ray Consoll-
dated. It's $4,000 tons. sssaylng 0.S3 per
higher than the average OF Ray Conso-
Ida ted g reserves. Owing to the rich
ness OF the deposit, 600 tons OF ore per
day would give a production OF $4,000
or about one-haf of what the company
is now doing on the treatment OF 1900
tons day, This ore should be produced
at a. cost not exceeding 8 cents per
source alone and at the present price OF
copper earnings In excess Of s., 900. 900 per
annum should be made compared with
present earnings on seven times the ton
mage treated, OF slightly over S3.000.000.
On an output OF 500 tons per day pro-
ductiou would be 2i.0O0,000 pounds and
earnings around s2.S00,000.
II will thus be seen that in this ore
body Ray has at its disposal a valuable
producer, and that the placing In COM
mission OF this portion OF the mine will
be Of far-reaching Importance to the com
pany. With the production OF the Ray
Central ore coming In. In about two
months' time, the placing In operation OF
more units OF the mill during this period.
a tendency TO work 10 higher grade ore
than fs now being treated and 10 lower
costs. RAY before the close Of the year
should show a very heavy increase in
both production and earnings.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
ARRANGING TO TAP
THOMPSON QUINCY
Drift Covering Ground at the
Daily Rate of Ten
Feet.

Those who are familiar with the exact
conditions prevailing at the property In
Park city OF tho Thompson Quincy Con-
solldated company by no means share the
inpatience OF some whose attitude IS
nected in the market action or this issue
on the local exchange They appreciate
that time is one or the greatest factors
In mining and that this. as In the case
OF all mining propositions. cannot hope
10 develop a producer until certain things
have been done underground,
1t is generally appreciated that the
Thompson Quincy management has de-
veoped a splendid array OF fine grade
ores after raising consid cradle dis tance
TO the contact from the 1300-foot level
Conditions are euch. however, that profit
able extraction via this raise Is not posi-
BILE. and some other means must be forth
coming before the company can enter the
profitable ore shipment stage.
At the present time the DRIFT on the
300 foot level OF the DAILY West property
is being driven through quartzite 10 this
contact and towards the Thompson
Quincy ores. and when this drift has been
sent TO its objective point both the DAILY
West and Thompson Quincy companies
will have at their disposal several need =
full and satisfactory facilities for ore de-
veIopment as we'll as ore extraction,
among which are proper drainage and air
connections and an avenue through which
the ores can be attacked.
This drift la now at point 500 feet
distant from the spot where IL Is to be-
come available to the Thompson Quincy.
and the drift Is being sent ahead by the
McTlwee contractors at lively rate. 1t
is reported that McIlwee and his men are
breaking not less than ten feet a day
through the quartzite. and IL is said that
this formation ia as hard as casLiron..
The McIlwee interests are living Zip to
their reputation In their Park City oper-
ations and this 900 drift should De sent
where II Is needed within three months
time
So II is evident that while the Thomp-
SON. Quincy folks are doing 10 talking.
there Is good work being done and those
who possess the necessary patience VIII
realiae upon the resources known To exist
and which should be nat In ever in
creasing form as work ON the contact
progresses In due time.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
BUCKLEY MINE is
PREPARING TO SE

This weeks development on the b
ley mine, which adtoins the famous G
nell that has produced upwards Of
100000 in the yellow metal, shows in|
100-foot and 2O0-foot levels body Of
on the hanging wall that ASSAYS M
sample taken, three feet in width,
ounces in gold 7.40 ounces In alive
value OF SALSA per ton for the god
silver alone. This body OF ore 10
pregnated with black copper sulph1
that have not been assayed. As %
width Of the vein. the foot wall has
been reached in crosscutting, The
grade is found on the hanging Wall, ~
Is slickensided.
Manager Ben T. Lloyd has
prospecting and prosecuting developu
work on the Buckley mine for tina
four months This new strike va
beyond his expectations. as the w
generally thought Of as a laBe
grade proposition. Manager LLOYD
practical miner from Utah and has
benefit of years OF experience In the
Ing districts OF Bingham. Mercur
Beaver, also In the state .! Nsvads
a carload shipment OF this ore wn
smelted at once. Were this strSe
in any OF the boom camps OF tne .e
horde OF spectators and "tin'no['
would be in the field In such num'
that the railroad could not handle t
But here in old Gilpin II receives
passing notice In behalf 81 the
stockholders who have put up their 1np.
to finance this enterprise the Qcss
wishes them all success.-0np'n
server.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
EAGLE & BLUE BELL
HAS GREAT TONNAGE

coming TO the front In the matter Of ore
production and the splendid tonnage
which is now leaving this property Will
undoubtedl spell dividends for the for
tunatc shareholders in the near future
For the week which has just closed this
mine shipped total OF twelve carloads
Of ore. and while figures showing the
value of This ore arc not available. there
is no question but what IT contained ex-
ceptionally good values. there being
enough of the high grade from the slopes
on the 700 level TO make a splendid aver
age.
Future shipments from the Eagle Wilt
without doubt amount to fully two car
loads a day. the mines beet ore showing
being on the 700, 1000 and 1900 levels.
The new ore house with a capacity of
about 3o0 tons. will I'D completed bv the
end Of next week ---P,ureka Rernrtcr
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
WHY MINING NENs|
IS HARD TO 6|
Operators Too Liable ii
Criticised for Silenc.|
Or Loquacity.

The man in control OF q n,,,,-
erty these days finds himself hstn
brcs in the matter OF msk,rn "ssn
information regarding the nro,a',. c
der his charge. He Is wsd.. l0l
tween the realization tha, 70
his attitude is likely TO he n,..
people are inclined To halt,
talks to affect the market W. That
stock, and II he refuses To tans tanas %
oi this, there are plenty who ah oc4
as willingly that he IL conco,msert mmssert
thlng that the public should Is q
Those charged with tho tss, ,hnow''
ing mining news for tho nanai nam Vi e
against the above argument dsun run
the above statement WAS ~ suaiIy,
urdsy, word for word hu aue on
most prominent OF Utah min ns of
The operator is confronted VIII SSpess' "a
aiization that his position - lle
trust; that he represents tha ,n, vne
all who have invested in th. ts.ss' sts
the fact that stock is listed os
exchange Is tacit invltstiou"
puoilc to Invest in it, maEins t. ,or
Ing business materially diffsro,nne ,ne
other lines of business. WHERE In y
JorJly OF cases. the business - ue
teTprIse in no wise Is the busjnea,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
.REVELATOR COMPANY
WILL OPEN CLAIMS
Snake Creek Property Show
ing Rich Ore Will Be
Opened at Depth.

II WAS learned on Saturday that an
organization has been perfected, to be
known as the Revelstor Consolidated
Mining company, which will take over
several claims In the Snake creek mining
district OF this state that have been owned
by j. Il. Gallagher, Mrs. Walter Scott, r.
G. Coleman and Samuel Hair. The COM
pany Is capitalized for 100000 shares OF
stock. par value 30 cents each, 100000
shares remaining in the treasury The Sc
lection of officials for the first fiscal year
has as yet not been made.
The company Is the owner and will pro-
ceed immediately TO develop the two John
the Rcvelator claims and the West St.
Louis claim, located at an elevation Of
approximately 10000 feet. close to the
summit of the divide between the Snake
creek and Bonanza fat sections OF the
state, across which extends a large con-
tact vein between limestone and quartz
lite.
The John the Revelator claims have
months by a tunnel and incline, the in
cline being 1fe feet In depth. There is a
good body Of ore at the bottom OF this
incline and throughout this work ore
year TO the value of $1,000. A lot of the
ore was marketed last week and II av
eraged $50 per ton, the values consisting
Of lead, silver and gold
II is the plan OF the new company TO
begin n tunnel to secure better depth
upon this ore. and, the tunnel Will be
started and driven continuously upon the
contact. there is every reason to believe
that very satisfactory ore results will be
secured during this campaign. 1t is csti-
mated that a distance of 750 feet will
bring the new tunnel 10 the ore now
known In the bottom of the incline, and
there is every reason to believe that an
1ther producer Of rich ore has been fairly
launched in the Wasatch range OF noun
Lains.
1t Is interesting to note that the John
he Revelator claims are among the first
% be patented in Utah, being No. sc.
whereas the numbers now extend In the
several thousands.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
WHY DAV|S-DALY IS
SHOWING DEFICIT
Extensive Development Work
Last Year Cuts Deeply
Into Profits.
FUTURE is BRIGHTER
Management Expects to See
Copper Reach Twenty
Cents This Movement.

At the annual meeting Of the Davis
DAILY Copper company held last week,
William Bloom of Boston was elected a
director to succeed r. Augustus Henze.
Mr.. Bloom is of the firm Of Bloom &c Co,
wholesale woolens, Summer street. Bos-
ton. The following directors were re-
elected: II. NJ Burton, Frank A. schlr-
mer, Hugh Bancroft, all OF Boston; and
Maurice Levy, New York.
The companys gross income for the
year ended June so, 1912. from sale Of
ore and other income was sll3,338, while
total expenditures for development work
and other expenses were $199. .020, leaving
a deficit for the year Of sS5,s96
The company has been shipping about
fifty tons OF ore per day of about per
cent copper and SIX 10 eight ounces of
silver. The companys net income has
been Increasing from month TO month;
for August II was about sl4, 600 We're
1t not for the extensive development
work now being carried on in the mine
the company would be able 10 show a
very good profit.
The company's comparative balance
sheet as OF June 30. 1911, and June so.
1912. follows:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29

FORENOON SALES.
Lower Mammoth. loo at 63c.
Ohio Copper. 200 at 9I.173
Sioux Consolidated, 1000 at lie
United TiDtic. 1000 al lie
Union Chief, 500 at l2c
Wilbert. 500 at 1lic.
OPEN BOARD.
Colorado, 1000 al 1l5c
, Crown Point. 1000 at 2lc. buyer sixty
days: 1000 nt 2ic.
Iron Blossom. zoo al 81 20
Plutus. 100 at TIC.
Union Chief. 700 at 12c; 500 at 1isc.
swansea. 5000 at 45c.
Ohio Copper. 100 at $3.50.
TOTALS.
Regular. 3t00 shares for 350g.6o.
Open board 1850 shares for s233925
Total 1850 shares for S2s47.75.
WEEKS TOTALS.
2l2.5i7 shsres for sa7,5s2.9S
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
TWO BRISTOL MINES
IN FINE CONDITION

Engineer a. -. Knowlton has returned
from 2 professional trip TO the Bristol.
New. district. where he visited the Day
BristoI and the Home Run properties.
On tho former. he states, steady ship
ments Of good ore are being made. main
ly from the dumps as yet, for the man
agement Is taking out no ore except such
as must be handled in Strengthening out
the numerous underground workings
From forty to fifty tons daily are being
shipped, and the only draw wbnck Is lack
Of enough teams. but this defect will be
remedied when the company gets it's new
tramway Installed.
AT the Home Run Mr. Kuowlton saw a
good tonnage OF fine grade copper ore at
the bottom Of the shaft and as soon as
the management completes the connec-
tons between the incline and the surface.
active Shipments Of this rock Will begin
10 the local smclters, This mine he pro-
nounces in excellent condition.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
Reasons for Publicity,

The ordinary run OF mining -.
nies, therefore. transact a b,,s,r.1 ~
itself or general public interest srS
great many cases. especially in shs
dividend paying issues. MANY s,ao,.,
ers are not stockholders OF rsco,S :
only way these shareholders car A.
anything about their investTnent IL 10y !
through the newspapers or thron.S
quiries at the office OF the cos.,
Itself. and the latter freouentIv =
convenient. Ths newspspers ;h.v.
present the most satisfactory msaS
conveying informa tion OF mining -
tons 10 all interested. q
Mining has been made q favorj,. .
hicle for speculation, and nina no
ten men purchase mining stock n
hope Of selling II at a higher prics
was paid for IL. The readers ~
newspapers regard information
given more for Its market influanc
the stock than I'm explanation Of Il,
vesiment qualities. and the av,
stock speculator forsets that the !
age mine operator Is handling tha
ertE from an investment standpoyn'
make or preserve a reputation for
est dealing and successful strureIs
the secrets Of natura
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29

Expect Copper Advance.

The management is very optimistic on
the present favorable copper situation
and predicts that before the first OF Jan
uary the price Of copper metal will be
at least 20 cents per pound The con-
sJantly increasing price Of copper metal
has benefited the Davis -Dsly consid err
which are now being made in monthly
net income. The company's net revenues
from sale OF orc and other minor re-
ceipts for the month or August was sl5,-
1S6, as compared with s1l.I45 In July,
ssS76 lin June and sS028 in May, The
Davis DAILY WAS ono uf the frat To rec
ognize the demands Of the miners for in
creased wages. The present wage scale
Of the company's miners which went into
effect about the first Of June is 81 per
day.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
DOW TROUBLES AND
EAGLE & BLUE BELL

1nasmuch as The Tribune on Friday
printed in the same account the fact
that an ASSORTMENT OF 81 share had been
levied on the Indiana ccmpaDy's stock.
which Is due 10 the assignment Of the
firm of S. r. Dow &. Co, and the fact
that the Dow firm held sonle Eagle g.
Blue Bell stock which must have been
thrown upon the market following the
failure, some have confused the assess
nent and laid II at the Eagle x, Blue
He'll door. This is entirely unwarrantcd
in fact, nor was such the natural CON
clusion from reading The Tribunc's ar
tlcie.
The Dow firm merely owned some Eagle
g. Blue Bell stock. which Is the only local
phase Of the story,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
Mining Legitimate Business.

The world is given too much 10 suspI,
and the sooner the world wakes IN
the fact that the average man Is
est. even II he does have a mining On
sition In charge, and that his publ
statements are made pGrely for the 4
able purpose of informing those who
Interested IS 10 actual condiilons,
better IL VIII be for the mining Ia
try, and incidentally. the easier Il,
be for those charged with The respd
oility OF getting mining infornatioB
the press. Mining should be an q
mate and conducted along purely
ness lines as any other Industry, a
will be as soon as the public con1
It's relations with The industry To-
basis that the average mine opei
has.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
REDUCED PROFITS
At NEVADA HILLS
August Results Below Those
of July by Reason of
Several Factors.
TONNAGE IS SMALLER
Costs Increased, While the
Average Value of Ore
Was Reduced.
TONNAGE IS SMALLER

The report OF the Nevada Hills Minins
company for the month of August has
Just been released, and not as good
showing s made as was the case In july
in August the tonnage handled was small
er than in July, 1886 against 500 tons;
the average value of the ore was lower
s27As against S2s.H per ton; the net
costs PER ton In August were so.s5 against
sa3 for July, and the net earnings in
August were s5s.S37.ee, against s6i,sa4.lo
in july. The August mill results. how
ever. were better, an average extraction
OF 95.c per cent being made, against 9l.2
per cent the month before,
The August statement here follows In
full.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
THINGS LOOK BRIGHT
BUT ELECTION NEAR

James A. Pollock G. Co.. bankers and
brokers, furnish the following. received
over their private wire yesterday after
noon;
Paine, Weboer & Co.. Boston The
New York market continued active and
strong again today, with new high rec
ords being made In the leaders on this
move and with feeling at the close
very optimlstic for better things next
week. The bank statement was consid-
cred very good, In the Boston market.
East Butte. Zinc and United States Min
Ing we're the features for activity and
strength. The public sentiment is grad
ually becoming more optimistic on gem
eral business and the stock market, and
we look for higher prices In the whole
list next week and higher prices for the
copper metal,
statement was about In keeping with ex-
that New York may secure additional
gold in London Monday Market ap~
peared to be under good control. but the
interests committed TO advance during
the past few days have not succeeded
In attracting much outside participation.
aud as We have stated In recent adj
vices, substantial banking interests are
not disposed to encourage intense gem
eral operations, for which reasons We be-
lieye that advantage should be taken Of
the rises to secure at least part profits
on long stoks. We are not bearish and
do not advocate short side, but we be-
lfeYe that within the near future the
market will be held In restraint by the
near approach OF elections and by the
money position.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
MIAMI SAVING HAS
PASSED SEVENTY MARK

Mlamis mill has recently been making a
recovery OF 1oh per cent, which is the bcst
since the company began operations This
average was made during the second and
thlfd weeks OF September, according to
reports just received from the propertv
DURING that period production was
maintained at n rate which indicates that
during this month 10000 pounds Of con-
per will be produced
Shipm ents OF concentrates fo rho
Greene Cenanea smeIter across tho ~Icxi
can border, which were interrupted earlv
TINS month. have beer resumed
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
LOOKS AS
IF RESULTS NEAR

II was reported from Tintlc on Sa,ur-
day that the Swansea Consolidated man
agement has again sent the north drift
OF the 9d0- foot level into vein matter
and the indications are such that anv
round or holes is expected Ia put a face
Of ore in sight. In this work to the
north the Swansea has lost tho ore by
an apparen, side tracking of the vein
and wherever ore has been found II has
been OF good enough grade TO ship.
The present face. therefore, NAV be a
shipping product at any time.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
UNLISTED ISSUES
ACTIVE SATURDAY

There was considerable activity Satur-
dav morning on the exchange In the un-
listed stocks, which helped to balance the
quiet conditions on the regular call Sales
totaled l9,050 shares OF stock. the market
value OF which WAS s2S47.I5. bringing the
weeks totals 20 212 547 shares of stock,
the market value being SAT, 1929
The following were the closing trans
actions
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
EAST BUTTE PLANS
A BIG BOND ISSUE

Word was received over the Pollock
wires on Saturday that the officials of
the East Butte company are expected In
a short time to make announcement In
regard TO new 1880. 900 bond Issue.
which Will be offered 10 shareholders and
which Will be convertible into stock nt
go. This action has been reflected lately
in the market action of the stock The
funds so acquired arc to he utilized in
meeting tho payments due on recent
property purchases. and 10 clear the East
Butte slate 10 the result that dividends
may bs started early in 1913,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
FLAGSTAFF MINE IS
VISITED BY CAPITALIST

Considerable interest has attached TO
the VISIT OF Harry r. Finklestein, =
capitalist OF Chicago. 10 The noted old
Flagstsn mine of the Little Cotton wood
Mr. F1nlSlestein was accompar MED to the
property by General Manager James p
BeTerIdge and IT is thought that this in
vestigatlon has been made In the interests
of eastern capitalists. who are contem-
plating putting this old producer back
upon n SUCCESSFUL opera ting basis.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
EXCELLENT RESULT AT
BULL VALLEY MINES

Reports from the Bull Valley Mines
property down In the ST. George section
of the state are that the mana cement
Is meeting with splendid results. and a
steady showing OF frs, class gold ore
Is peing made. The company has seven
or eight men on Its payroll. and tho
present work Is aimed to settle whether
or not this property will be a straight
shipping or part shipping and par, con
centratinS proposition.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
PlTTSBURG DIVIDEND
Is POSTED SATURDAY

The Pittsburg Silver Peak directors at
meeting saturday in Puttsburg declared
the second dividend for 1912. pos,Ing .
per cent The dates Of payment ana
closing OF books have not yet been rn-
CeiVed Following the determine lion az
the long drawn ont litigation in favor
OF this company several months age.
the directors declared a dividend. and so
Tar this wear = total OF s416, 400 has been
paid Stockholders.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
Mining Notes.

\. n. Jacobson, superintendent OF the
Alta Consolidated company. Is In the city
from Alta.
Foreman Hans Vuuder of the Alta Con-
soidated company rs n salt Lake viz
itor,
Engineer l.. f.. Ritter has returned from
a professional visit to tho Tintic sec.
ton
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
Park Oity Ore Shipments,
Natal Market.

The metal quotations for sasa9
posted by Mccormick K Co, were ~, -,
lows: silver. 6S7c; lead, S9'lo' cVf
S1T.40
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
Liabilities.

Capital stock
Authorized and Issued
$4,000 shares OF
SO each. Of which
600, 900 shares are
outstanding and 70, :
600 shares I'm the
treasury.
Paid UPS per share
on 500, 900 shares
outstanding .....
Uncalled for sub
scription of 81 on
100000 shares out
standing, per contra
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29
NeYadaa IN San francisco.

James A. Pollock g. Co, bankers and
brokers. furnish the following. received
over their private wire yesterday after
noon:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-29

The ore and bullion report for Satur-
day. given by Mccormick & Co, was as
follows: Ore received, 500 000 bullion
shipped. al, 900; total, $lSt,0O0.