davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
DECEMBER OUTPUT
Of THE N|P|SS|NG
Over Four Hundred Thousand
Ounces Silver Is Sent
to Market.

With the release Of the figures OF pro-
ductlon for December by the Nlp!sslng
company, 1t Is seen that there was pro-
duced 4071is ounces of silver valued at
s225, ,156. and there was shipped ore
valued at s3o3.600. or the latter figure
the high grade mill contributed $3.50
and 489.1S4 ounces OF refined bullion were
shipped during the month. The produc-
ton for December OF 407,l14 ounces COM
pares with 403,4os ounces for November.
t3l 1856 for October and 436. 6ei for Sep
tember. which indicates that the output
Is being maintained above 400, 600 ounces.
The work or constructing the new low
grade mill is progressing satisfactorily.
most OF the rock excavation having been
completed, and the foundation work Will
be commenced by the third week IN
January At vein g. preparations are In
progress for sinking the main shaft. The
station has been enlarged. sumps COM
pleted and hoisting machinery is now be-
menced. Shaft No. $50. which Is located
in the southeastern portion OF N!pissings
territory near the Savage property Is now
being equipped for an extensive cross
January the first Of the veins showing on
the surface should be encountered.
The most important deyelopm ents for
the month took place on veins 7S, so and
100. At 49, in a raise from the third
to the second levels. ore over the entire
distance OF. eghty-two feet was encoun
lereo. uSSaSlnS ZoUU ounces per tOns
three inches In width The management
expects that a large tonnage OF ore Will
be holsted from the ESQ and deeper levels
of this vein. A raise farther to the east
ward encountered the faulted extension
Of the vein. This averaged hve inches In
width and carried 1000 ounces per ton.
AS a result OF this development, more
stopping distance will be available. The
vein on the 250foot level Is continuing
In the ore body. which averages from
1000 10 2500 ounces, three inches In width.
There is now 100 feet Of ore on this level
with the face carrying good width and
values. Some work was done west OF the
shaft where the vein is averaging 5000
ounces, eight Inches IN width
On vein 100, development was confined
TO the 200foot level. the vein averaging
5000 ounces, three inches In width, The
four veins. which are worked through
the Fourth OF July shaft. show at the
20O-foot level combined length Of ore
aggregating 400 feet. The congiomerate
deepens here as work advances
to the eastward. and It Is expected that
Developments in depth will prove salts
factory. On vein SO. in a raise for sixty
seven feet, the vein averaged two to
three inches In width and at present Is
carrying 1000 ounces, four Inches in
width.
A financial statement of the Nipissing
Mines company as OF January gives
the cash on hand at over 81, 500, 600. The
forthcoming dividend payment. January
20. calling for s450,0Oo, must be deducted
from this amount.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
GERMANY WRESTLING
TO KEEP COURAGE

Secretary Wilson'S statement that from
the seaweed OF the Pacific coast ;ooo'ooo
tons OF potash. worth $40. 100000 an
caused little loss of sleep to the German
potash oarons. While the secretary's re-
port on the possibilities of America s
producing potash sufficient to supply Its
own needs Is accurate enough. It is a
long step from that TO working out the
problem so that costs here would be low
enough to enable the producers to CON-
pete with imported potash, says the Wall
Street Journal
In the event OF war or an attempt Of
the potash syndicate to elevate prices
to an unreasonable degree. this country
might be able to make enough potash to
supply all its needs, with some left over
for export.
Is valued at about SIS, 900 900. and along
the fourth OF the Pacific coast line that
has been prospected II Is estimated there
is sufficient giant kelp to produce an
nuaily from two 10 three times the pres
ent importation. The scaweed extracts
the potash salt from the ocean and exudes
It on drying containing from % per cent
and the kelp exists In beds oftentimes
FIVE miles long and two miles In widrn.
From the kelp 1t Is possible to make by
sheae estts sufs fnoa 0ane ets fnt
that the seaweed could be harvested once
wear and with proper conservation the
beds could be made to last indefinitely
In Germany. however, labor costs are
much lower than in this country and the
potash there exists In vast bodies and
In almost a pure natural state II the BY
products end OF the prospective potash
from sea weed industry could be properly
worked up II might be possible TO make
potash In tnis country at a price with
which even the syndicate could not COM
pete. but this would unquestionably take
a long time and involve a considerable
expenditure OF money. The manufacture
OF potash from Pacific coast seaweed will
doubtless be tried out on small scale
in the near future
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
NOT MUCH SPELTER
REMAINS IN STOCK
Conditions Very Much Like
Those Prevailing in the
Copper Market.

Like copper. spelter began 1912 with
limited stocks on hand. with a high
range in price and with great encour-
agement held out to the producer to take
advantage OF the situation with larger
output During the past week or two
the Salt Lake zinc producers have been
seen both by local and, eastern spelter
buyers. the high range now existing for
spelter being used as an argument for
the producers entering into contracts. 1t
is stated that the stocks Of spelter are
extremely lacking, and that spot spelter
Is practically an unknown quantity OF
the trade at present.
II Is of interest in this connection to
note that the apparent spelter consump-
tion OF the United States in 1911 was
2S3.93S tons. against 245,SA tons during
1910. making an increase OF 3S,054 tons
Production during 1911 Is given as about
2sS. 0i4 tons, and stocks OF spelter on De-
cember 80, 1911. are given as consisting
OF only 500 tons, against $4,000 tons On
the same day OF 1910. The increased
mine production OF ores carrying recov-
erable values of zinc in 1911 was 10000
tons over 1910.
Utah showed decrease IN spelter pro-
duction in 1911, but the enhanced market
for this product should encourage Its
production during 1912.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
ELY KEEPS
DEVELOPMENT GOING

Work at the Boston Ely still continues
at about the same scale as has marHo1
the operations OF this company for sons
months past, The drifts In the laspe.99iH9 u
mlneralizcd formation at the depth OF -
feet are being continued TO the east ~
TO the west with the result OF ilndlnR " W,
minera!lzed zone continuous for the wnoss
length OF more than 400 feet between ihV
two headings, says the Ely Exposltor.
In the casterly drift a wlnze IS s'so
being sunk which has now reached
depth of I10 feet on the incline or yer
tical depth Of about fifty feet below ,ns
1916 level without striking any Vntet,
though the water level In tho smart
1850 feet and the first wlnze started en-
the 12i5 filled with water and wof6 ="
II had TO be abandoned. -
In the winze and in both heanihnss
the formation is the same oHidlSed !ASS
peroid in which native and sulpbldes -
copper are found. The minerallzed zons
is nfty feet wide where the crosscnSt
passed through e. and IL was croSscul "a "a
another place where II was founn 80
have about the same width. The COM
pany does not expect to find any co., hs
tlnuous hign-grade ore DEPOSITS nl ~
present depth. but believes prospectlns
In the two directions Will show wns.s
there is most likely 10 be large deposl.s
at greater depth. Sixteen men are en-
ployed and everything IS running smoosa'
" at the property.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
YERINGTON COPPER TO
OLD STOCKHOLDERS


Secretary w. B. Outcalt OF the New
YerinSton Copper company mas addressed
the following communication to the
shareholders OF the original Yerington
Copper company under date Of Janu-
airy IL:
Since writing you last week we have
received quite o large block OF the old
Yerington Copper company stock TO ex-
change for stock OF the New Yerington
Copper company, but up 20 the present
time have not received the stock stand
Ing In your name on the books OF the
company.
"As stated In our last letter. we are
very des!rous OF securing all the old stock
still outstanding, In order that each OF
the old stockholders may appear on the
books OF the new company.
Work is progressing nicely on the
property and the outlook is brighter than
at any time In the past. VIII you not
kindly give this matter your Immediate
attention and either send your stock TO
this office for exchange or notify US II
you have disposed OF the same?"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
WHO THE DIRECTORS
OF INSPIRATION ARE

The board OF directors OF the Inspire
ton Consolidated Copper company 49,
one Of unusual strength, and marks mariu,a VI ~
entrance into the copper mining nc,y nn,oye ~
several important names not here.o.oossrr
prominently connected with the eSpp.vr' Gppsv
Industry. Directors William r. Co,S
and T.. c. Converse are directors ~ IN W
Steel corporation William b, Thomp-
son. president Of Inspiration ConsonaH.a INA
and w. D. Thornton. vice president H.
president OF Greene Cananelaai are are E,J John
IS known as copper men. Director yu.
F. Alvord Is president OF the Torrlns-
ton company of Connecticut. ana An
senting Amalgamated interests are JouSs
D. Ryan. president Of AmaIsapt,,aSs ~ .
Thomas f. Cole and William Q, hocSo
Teller. Charles A. Corliss Is a part.ef az
lamont, Corliss G Co, ldentiiied WIZ ~"
Morgan interests; Philip l.. fos.e,
president OF the London bxplorassJi<
dent OF Live Oak. which VIII pc meif
with Inspiration into the lnspiIaSSIn
company; Charles ~; r,s, Sa'J
vice president OF the Guaranty lFuSSS
a newcomer in copper. as Wen as SNs-
H. wiggip. president OF the Chnse III
tioraI bank Eugene Meyer, Jr-' ID w.
known in copper circles
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
Chance for Future.

We may expect our most important
advances In copper treatment along the
line Of improvement In concentration, or
IN chemical or electro che mical methods
The latter method OF treatment is most
promising. especially In View of the fact
that electrical power installations arc be-
Ing so generally exploited. Hydro-elec-
trical development I'm or near many OF
the mining sections Is IN rapid progress
and II the resulting power Is readily
available and cheap. IL will have a very
important influence in the encourage
ment of electro -metalurgical methods.
There are methods OF this character.
sound in principle. which are only await
Ing an opportunity for q demonstration OF
their merits on commercial scale and
basis, That one or more OF the processes
recently developed Will prove successful
seems to be beyond doubt
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
yAMPA MAY MOVE
SMELLING PLANT
Rumor Heard on Saturday
That Company May Enter
Custom Field.
INTEREST MANIFESTED
Mine Now Idle, Although
Abundant Copper Ores
Are Developed.
INTEREST MANIFESTED

There was a rumor afloat Saturday In
local circles that the officials OF the Yam
pa Smelling company were contemplat-
ang the removal OF the Yampa copper
smelter from the Bingham district TO
some location several miles to the west
ward Of the Oquirrh range OF mountains,
at which point the plant is TO be recon-
structed, enlarged and converted into n
custom copper smelter.
Unfortunately the Yampa company has
no office in Salt Lake City at the pres
ant time, and the headquarters of the
organization Is in the east so no con-
firnatlon or denial OF this runor could
be obtained yesterday afternoon. but the
report was so persistent that those who
heard IL could not help but give some
credencc 20 the same. That something
Is brewing IN Ihe affairs Of the Tampa
company Is taken for granted. for the
officials are not the sort 10 sit idly by
with folded hands and keep a copper
producing proposition. which was on
paying basis with copper nj 121 cents
pound. closed and practically useless with
the metal a; Is cents.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
COBALT MINES PAY
LIBERAL DIVIDENDS
Close to Twenty-nine Millions
Are Shared to Present
Time.

Cobalt mining companies during 1911
paid $S.6e0,55S In dividends. and II two
privately owned mines be included, this
amount would be increased by about an
other 81 600. 900. The total paid by these
properties to date now stands at s2S,S36.-
131. or these, five have more than paid
back their capitalization. these being
the Buffalo mines. 1877 per cent. Crown
Reserve, 215 per cent: Kerr Lake. I24
per cent, NipissIng. 129 per cent: Tennis
kamnig and Hudson Bay. $4,000 per cent.
says the Boston News Bureau.
Dividends paid during 1911 were as fol-
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
LITTLE MORE ACTIVE
AT CLOSE OF WEEK

There was a bit more activity Satur-
day morning on the local exchange than
was to be expected in view OF the dull
days that preceded 1t. The volume OF
increased demand for r. larger number
OF stocks than usaul. and there was no
noticeable inclination to sell any one
stock on the part OF the public or local
talent
The sales for the morning totaled 27.337
shares Of stock. the market value OF
which was Sio42.61, bringing, the weeks
business 10 226,f20 shares OF stock with
a market value OF s31 40G.9e.
The following were the closing unlisted
and listed stock transactions:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
OF THE
OPOHONGO EXPECTED

There was an impression In local cir
cles yesterday that the board OF dircc-
tors OF the OpohonRo company Will pune
tuate the dawn Of the new week tomor-
row by declaring another dividend Of at
least cent a share. This expectati
was strengthened II not inspired by ths
fact that the MANAGEMENT got out six
cars of flrst-class orc during the past
week. and everything underground ap-
parently is lined No for generous ship
mcnts and earnings from now on. The
property Is In excellent trim throughout
and earnings from now on are 10 be set
aside mainly for the stockholders al
though the board will not neglect the
duty OF prospecting new levels and new
depths for ore tonnaRes
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
FORENOON CALL.

FORENOON CALL.
Beck Tunnel. 100 at l3c: 100 at 13Sc
Black Jack. 700 at l0c; 1000 at 1Olc.
buyer sixty days
Gold Chain. 100 at 5sc.
Grand Central, 200 at 72c: 100 at I7c
Iron Blossom. 100 at sl05.
Ohio Copper. 200 at ssc; 500 at 9sc-
Silver King Con-, $50 at s1.o5.
Swansea, 1000 al Sac; 1000 at SC.
Tintic Central. 5000 at 1tc.
Utah Con. 1000 at &c.
OPEN BOARD.
Crown Point. 237 at Sc 1000 at SIC
Iron Blossom, 700 at sl.O5.
Ohio Copper 900 at Csc.
Opohongo. 500 at l7c.
New York 25o0 at Sc; 5000 at 7sc.
seller sixty DAYS.
Plutus, 1000 at 57c.
TOTALS
Regular. 1900 shares for $3.50.
Open. 1907 shares for slS72.61.
Total. - 1857 shares for Si542.6l.
WEEKS TOTALS.
226.420 shares for s3l. .40e.9s.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
Mining Notes.

George w. Morgan left Saturday for
Denver on mining business.
On January Is. at McGIll, New, the
Working Mems bakery will begin baking
1900 loaves OF bread daily. so the smelter
and mines will not run short OF the staff
Of life very soon. The bakery building
was erected In one day by q large force
OF men.
The Inyo Gold Mining company VIII
hold n meeting at Provo on February .
at which stockholders Will be asked TO
amend the articles OF Incorporation to re-
duce the par value OF the stock from
81 TO 10 cents share. Officials for the
ensuing year will be selected at this ses~
sion.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
Confined on following page)
ANNUAL OF TlNTIC
CENTRAL SATURDAY
Special 10 Tyne TrlhunA.

PROVO, Utah. Jan. l3.--At ths annual
stockholders meeting of the Tintic Cen-
trail company held hero today 665. .o0t
shares out OF the 100000 wore repre-
following directors were elected for thd
ensuing year: Reed Smoot, ], T, Far
rer, r. L. Anderberg, G F. Richmond
and George M, Smoot- u Is expected
ment work within short time,
The following financial statement wa
given out:
paoo3,oSo
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14

The everlasting girl question is easily
and entirely solved by the insertion of
n little want "ad' in The Tribune.
BeH phone 5000. Ind. $50.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
WANT THE JARBlDCE
: STOCKS FOR EXCHANGE

There is n movement on foot 10 pre-
vail upon the Salt Lake Stock and Min
ing Exchange TO send a representative
10 the Jarbidse district for the purpose
OF securing the various stocks for listing
on the local regular board There prom
ises To be a very wide interest In the
Jarbidge issues during 1912. some going
SO far as 20 predict that II VIII eclipse
Goldfield as a mining camp. There is
considerable Sal, Lake capital already
interested In this camp and more will be
be involve during the year, and the Salt
Lake exchange seems 20 be the logical
center FOR clearing Jarb;dge stocks for
The world. II Is an opportunity worth
while
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
s8.e2o,55S

close CORPORATIONS were Included,
tho O'Brien. with about $500 900 profit. and
the Millerett, with 100000. would still
is to be expected there will be n slight
falling off IN 1912 In dividends paid While
the La Rose s'nould increase its dividend
rate, Right of-Way will probably fall out
Of the ranks OF the dividend payers and
Temiskamlng Is spending It's surplus in
paying for It's Porcupine purchase. 9th
erwise there will probably be little
change In the list for 1912.
New York Mining Stocks.
James A. Pollock & 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, 1912-01-14
GOOD VALUES IN |
YANKEE At DEPTH
Work on Level Nineteen
Promises to Open Body
at Any Time.
SHIPPING LOW-GRADB'
Many Items of Tintic Interest
Culled From the Eureka
Reporter.
SHIPPING LOW-GRADB'

The drift on the 1900 level Of tho Yam
kee Consolidated mine Is now In som@
splendid looking quartz which carries val
ues In copper, gold and silver and whlcI
promises TO make into shipping ore with
in a very short time. A sample taKa1
from tho face OF the drift few dayl
ago showed about 1 per cent copper. u
ounces silver and about 90 cents in god
and Superintendent Lou Norman De
lieves that II is only a question OF fcv
shipping grade upon this level. Anothe
piece OF development work Is also golnl
on upon sublevel which IS about fift1
feet above the 1900 and this work is alsl
opening the same body of quartz. An,
other drift Is being driven upon the 1Sol
level. says the Eureka Reporter,
Heavy shipments of dump ore arc ba-
ing sent out from the Yankee each wed
paying for the operating expenses d
the mine, but is giving the company I
small sum to the good each month.
Big Power Plant.
The big electric plant at the CentenniaI
Eureka mine Is still on operation and win
probably be kept running for the balanru
OF the winter. The Centennial Eureka
people have a contract with tho knight
company for power, but when a break
IN tne company lines neCes5itated the
starting OF the big plant at the miue
the management decided that owing 10
the trouble which the power compalIes
usually experience during the winter
months 1t would be advisable to keep the
emergency. plant In operation, This VIII
put the mining company beyond all pos-
sible trouble and with the Important
work which Is now going on below the
water level absolute security against ae-
cldents is needed The operation OF the
power plant at the Centennial Eureka
mine gives employment 10 a number Of
men, among whom are three englneers
G. a. Gill. Kent Harper and Gus Drss.
sell
The Utah Consolidated property which
has been operating for some time undes
the supervision of William MaShewH.
closed down on Tuesday The officials
or the company say that the money from
the last assessment has been exhausted
and that they do not feel like levylng an
other assessment at this time, The shut.
down Is, however, only q Temporary ofe
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14

Nevadas in San Francisco.
James A. Pollock Il 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, 1912-01-14
Ore Shipments.

The Utah Ore Sampl!ng company on
Saturday released three cars OF ore from
Utah, two from Colorado and one from
Idaho camps.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
Metal Market.

posted by. Mccormick & Co.. w'erc as fol-
lows; Silver. 55ic: lead. s445: copper,
sl3.e2b
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
GREENE-CANANEA IS
ROUNDING INTO SHAPE

Greene Cananea will enter the dividend
ranks again this month, and IT VIII PROB
ABLY pay the first dividend 1t ever
earned, Former dividends were all paid
by the old Greene -Cananea management
say Thompson, Towle &, Co.
When the Cole Ryan interests took hold
the first copper produced cost lS cents
per pound. and when copper prices broke
the property was shut down and Its
production works completely rejuvenated
The Greene company can now produce its
copper in competition with most of the
producers and pay small dividends or
so cents per share per annum. THIS calls
for n yearly disbursement OF sl.250. 600.
Greene -Cananea with a near 15-cent
market and ability to produce 100000 to
1000, 900 pounds per month at Scent
cost. would seem to be entitled to better
share prices.
Boston Mining Stocks.
James A. Pollock & 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, 1912-01-14
RIGHT TO DIVIDEND
OF PARROT COMPANY

Stockholders Of the Parrot Silver g.
Copper company. who failed TO exchange
their shares for Anaconda stock before
Saturday last when Anaconda closed liz
books for payment of next 50-cent divi-
deDd, wtll not lose this dividend. as Kid
der. Peabody & Co. have arranged TO
credit this sum on subsequent deposits OF
Parrot stock up 20 January 10,
In the plan for the dissolution of the
Parrot company stockholders are given
.3sl55e7 OF "A share OF Anaconda and %
cents cash for each share OF Parrot stock
The statement OF condition of the COM
pany as of December 20 last follows:
Securities owned.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-14
Receipts.

lOSdl sSA"t1''Ss~
There Is still due on the above men-
toned note the sum OF $1,000.