davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
MUCH TRADING IN
COPPER STOCKS EAST

James A. Pollock & Co., bankers and
brokers, furnish the following received
over their private wire yesterday after
noon:
Paine, Webber s. Co.. Boston-The To-
cal market had the greatest activity yet
seen on this movement. All classes of
stocks steadily advanced during the
morning hours and held their advance
late dealings, Allouez was very strong
selling at So and Tamarack climbed
easily to 81. CRANKY was very strong
and active, Story of the day was one
of pronounced strength and good buying
in all the coppers. Tomorrow being a
holiday on the local board, many buying
orders Win probably collect. Saturday
will see IN active market, with higher
prices.
Logan & Bryan. New York-The stock
market today was pretty much OF hoh-
day affair. Strength was quite pro-
nounced In the forenoon. but In the later
trading prices receded with various ru-
mors In circulation Of an adverse nature.
Some hesltapcy was produced by the
fears Of strike on the part OF the en-,
seems quite probable that even should
a strike be declared the same would not
be made effective Immediately and
doubtless sufficient time would be given
In order that the matter might be arbl-
trated
AS far as the anthracite miners arc
concerned, II would seem that satisfac-
tory progress is being recorded, but, OF
course. the delay has had q tendency TO
hold operations for an advance in the
stock market In check.
The sea disaster. which perhaps will
not be forgotten for many months. ep-
pears to have In great part spent Its
force as a stock market influence. and
that which has caused favorable COM
ment has been the relative lack OF pres
sure for the decline based on the un-
fortunate occurrence.
Crop advlces from the cotton and win
ter wheat belts have not been such as
to cause enthusiasm. but as we have
indicated from time to time, 1t Is just
a little early to take a pessimistic view
of the outlook based on crop advices at
this period, as q decided change Is likely
to be recorded upon the appearance OF
favorable weather. That portion Of the
financial community whose operations
are most respected and valued appear
quite cheerful. but not inclined to en-
courage intense operations in either d.
reetion in the security markets !. at pres
probable that quoted values, will back
and fill for quite period, with mod
crate upward tendency pending further
developments.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
.LEAD-z|NC TARIFF
MATTER PROGRESSES
Senate Considers This Very
Important Item Last Week
in April.

AS anticipated by western lead and
zinc mining interests. the senate COM
mitttee on finance has submitted two re-
ports on the proposed reduction OF the
tariff on lead and zinc, The minority
Underwood bill. which PASSED the house
several weeks ago. but the majority OF
The committee. composed Of Republicans n,
reports adversely TO the Underwood bill.
The senate Will act upon this matter
during tho last week Of April 1t is
understood that Senator Cummns Is
preparing measure which will be a
compromise between the proposed dras-
tic reduction favored by the Demo-
Gratis and the opposition OF tho other
.Tamos +. Callbreath, secretary of the
American Mining congress, says In part
regarding the matter In the April bull
letin;
II Is generally supposed that the .25
per cent ad valorem duty proposed by
the Underwood bill would mean that
the duty & Of 25 per cent would ID be ssuI upon 7,
this price was $40 per hundred pounds
the duty would be 81 10. rs against the
present duty Of $3.50 per hundred. 1t Is
probable that the why's and means com.
mittee in making IN this schedule had
this in mind. The fact U.s. however, thai
the ad valorem duty applies to the actua
contained in the ore. which means thai
II the price OF lead Is $40 In the New
York market lead ore entering at Ell Pasc
cost OF transportation to New York City
and less the cost Of smelling. This
would be estimated at about 81 per hun
dred, so that the duty, instead OF be
price, would be estimated upon the value
at tho point OF entry OF $40, making E
tariff duty Of so cents per hundred
pounds instead OF $3.50 per hundred
pounds as under the present law. Thi
would make reduction Of 60 per cen
upon lead ores, while the duty on zin
ores Is entirely removed This reduction
try Of the west, and 1t IS hoped will b.
prevented by the friends OF the minin;
Industry.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
BRITISH COLUMBIA
COPPER COMPANY

''The situation at the British Columbia
Copper company has changed greatly
within the past few months. The com
pany is now operating again under nor
NAL conditions after a period In which
operations were greatly handicapped due
TO coke strike at Crows Nest Pass,
during which period the company was
required to purchase eastern coke at an
eXorbitant price laid down at Green
wood" say Thompson. Towle & Co.
''At the present time the plant Is op-
Grating to capacity. all furnaces being in
commission. More than 1000 tons of orc
per day are being handled, of which ap
the New Dominion property. Preliminary
earnings for March on tho 05O 600
pounds produced have been placed at
s57 900 It is now believed owing TO the
higher metal price indicated for April
over that used as Il basis of calculation
that these profits will be Increased bx.
figure around $500 It may be said
that these figures represent the largest
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
GREAT TONNAGE OF
COAL IS INVOLVED
Utah Resource Being Given
Considerable Space in the
Eastern Press.

Eastern financial papers are dcvotiDE
considerable space to the recent coal deal
in this state through which Inc United
States Smelling. Refining & Mining COM
pany secured the Consolidated Fuel. Cas-
but la none OF tnc numerous articles has
the combined tonnage Of these PROPOSE
tions been estimated In anything IKE
exact proportion TO their merits;
II wns Utah capital and ability thai
brought these three propositions to A
point where the big deal was Consum-
mated The Consolidated Fuel was one
of the Sweet Brothers and l.. II. curtis
propositions. The Castle Valley company
was backed and financed by the ilrm az
A. J.. Orem & co. or Salt Lake and Bos-
ton. associated with w. V. Rice OF salt
Lake and James 6, Berryhill OF Iowa.
The Black Hawk was one OF tho David
Eccles propositions Of ogden Each and
all Interested In these propositions have
made a very snug cleanup by virtue OF
the deal,
An idea Of what the future will hold
for these combined properties can be had
from the report OF J. X. Seifert the coal
expert, who made an examination or me
Castle Valley property There are SIX
or seven veins running across this prop
erty, the thicsest being twenty-five feet
Mr. Seifert's report gave this one mine
total of 400, 900: 900 tons OF coal mas
much as the other two properties are
in the same neighborhood and along the
same coal measures II Is safe 10 predict
that in time their tonnages Will measure
in proportion.
This indicates that the United States
company has gathered together group
OF Utah claims which hold AS enormous
tonnage of first class coal as any one
company in the world can boast OF. and
its operations cannot help but reflect fav-
orably upon the resources OF Utah'
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
monthly earnings ever made by the
British Columbia company
I'VE understand that tho new Voiyht

monthly earnings ever made by the
British Columbia company
We understand that the new Voiyht
property located near Princeton which
the. British Columbia company now has
under option, is developing particularly
well. and the management Is very much
encouraged with the results SO far OBJ
tanned. The property contains Il large
territory. but up 10 the present time de-
yelopment has been confined to but two
claims, Nos. II and Is, The surface
showing at the property consists OF a
Since taking the Voight property un-
DER option, shaft has been sunk ninety
feet and drifting begun. At about sew
enty feet from the shaft this drift cut
distinct vein of high grade orc eIeGt
feet wide: AT this point the ore assaSod
s11 in gold and 8 per cent copper, Fur
Their opening up OF the lode has indicn tel
an average for all OF the samples Of moro
1han per cent copper and $500 gold
The ore Is basic IN character contajn.
Ing heavy excess Of iron and lime and
high In sulphur. 1t is the Intention -
snip these ores to the British Coium
bla's Greenwood smclter, Owing to fbs
heavy Iron contents. the ores will he
valuable for smelling In conjunction win
tne silicinus ores from the Lone star
and Washington properties.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
SWANSEA GETS OM.
ALONG SAME Fly

When asked on THURSDAY y,rsrT rys
Swansea Consolidated disy91,,,isa
ore several days ago, j: " rsrsss
stated that the rind WIS s,bars .
the north OF the point M'.bIrh MIIh u
strike was made and IN "i,or for ~!
agement has sent a raise lse,,snt ,sn s'
ninety feet The manaSe,hs ore |
Ing a assure in which s,,Ies .nv q
but. like all similar nsS .,s, lits
makes In varying quanllgyh gyhe 81
ing through the ore 70 ,he h yss'
drift was continued along '"'
north to the new ore
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
T0N0PAH, MERGER
TO DRIVE DEEPER
Engineer Kirchen Gives ali
Outline of Work to Get
New Ore.

| In report 10 shareholders of the
| Tonopah Merger company. Vice Pres-
dent Key Pittman outlines the present
positive conditions OF this Tonopah ter
rI;ory rs follows:
Commercial ore has been opened up al
II depth OF 1850 feet through long cross :
cut from the TonGpah Extension ground,
and this ore easily can be reached from
The Merger shaft by sinking l15 feet
deeper
That for more than 1000 feet In width
the territory Is very favorable to discov-
cring other veins and developing large
paying mine. IN doing this work the
Shnre eholders have every reason TO expect
that large bodies of pay ore Will be de-
vcloped, and the work is TO be under
taken without delay
Included in the report is an exhaustive
geological description ol the property by
John G.. klrchen, the engineer connected
with several Of the good producers Of
that district, who concludes his state
ments rs follows:
Much valuable information can be
gathered from the recent developments in
the surrounding properties as TO the fu-
ture possibilities of your property. The
f060~foot level crosscut from the Tono-
appears to be the footwal Of an ore
zone, vein carrying commercial ore
being exposed near the face OF this cross
cut. In the western part OF the Tonopah
Midway companys territory. and near
the Mizpath fault a shoot OF ore has
been developed by thai compan& which
apparently pitches rapidly to the north
west from their present lowest level and
toward your property.
ut. therefore, appears that mineral
bearing solutions which produced the
rich ores In the surrounding producing
mines have also traversed through your
property, but at a greater depth than
your present workings. From the above
consider the territory between the end
of the l050-foot level crosscut OF the
Tonopah Extension Mining company to
the Mizpath fault, which is a distance OF
probably more than 1000 feet. as very
favorable territory for developing large
paying mine.
''In your future operations I would,
therefore. recommend that your present
shaft be sunk to further dopth OF about
10 feet and a drift run from the shaft
to connect with the Tonopah Extension
crosscut. After this work is completed,
a crosscut should he run north from
this drift through your property TO the
Mizpath fault. In doing this work you
have every reason to believe that large
bodies Of pay ore will be developed"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
AGAINST
BISCUIT COMPANY

In the case Of the National Bank Of
the Republic Of Salt Lake City against
the Biscuit Mining company OF Cherry
Creek, New. and others. Judgment by de-
fault was entered against the defendant
company yesterday in the district court
for an amount approxinating $4,000, to-
gether with attorneys fees and the costs
of the action. G.. f. Boreman appeared
in court and announced that he wished
TO withdraw as an attorney In the case.
which left the defendants without an at
torney, and as The case had been set for
trial. Judgment was ordered entered
against the mining company.-Ely Ex-
posltor. April 16.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
MARKET HOLDS WELL
DESPITE THE SELLING

The disposition TO take profits on the
local exchange continued from over
Wednesday to Thursday. although no
stock is suffering materially in the pro-
cess. The element operating for higher
ranges in the feature stocks are merely
resting on their oars until all the weak
ly held stock is released that seems bound
to come out at this time
The total sales Thursday OF 52.666
shares Of stock had r. market value OF
S12.13054. The following were the clos
Ing unlisted and listed stock trans
actions:-
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
Buy Back Rich Lease.

One of the spectacular leasing proposi-
tions that served to attract wide atten-
tlon to the district lately was the Poak-
Steen on the Big Four group. and the
Big Four company has purchased this
lease for a round cash sum. and all par
ties and their associates TO the deal are
satisfied. Manhattan stands as q strik-
ing example OF the merits OF the leasing
system as applied TO mine, whilo II IL
lustrates the demand on the part OF capt.
tai for low-grade milling propositions to
the exclusion OF the rich surface prop
erty.
With the easing OF financial conditions.
the owners Of Manhattan properties. with
reasonably favorable prospects and good
location. should experience little diff
Guilty In financing a development cam
paign, There are number of Salt Lake
interests represented in this district, and
the roads to the camp are again showing
evidences OF travel by the high-powered
automobile OF the capitalist and his engi-
neers
Manhattan now occupies q prominent
>uot on the map. and II is bound 10 grow.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19

FORENOON SALES.
Colorado. 500 at 3oc.
Crown Point. 1000 at 45c.
Gold Chain, 1900 at i3c; 100 al 44c. 1900
II 45c N' A''0
May Day, 1000 at 1sc
New York. 1000 at 5,c: 1000 al SIC.
Ohio Copper, 200 at $3.50.
Phoebe Demijohn. $500 at 12c.
Pioche Metals. 5000 at PC
Plutus, 1900 at Sc.
Opohopgo. 800 at 16tc
silver King Coal. 500 at s1.77i.
Swansea Con. 500 a, eac.
Victoria Con. 500 at SIC.
Shares sold. $4,000.
Selling value. s43i0.o5.
OPEN BOARD.
Black Jack. 1000 at 2oc.
DAILY Judge, 100 at IS o..
Dragon. 1000 at 2ssc: 500 at asc.
Opohongo, 500 at Issc,
Pioche Demijohn. 500 at l2c.
Shares sold, S405.
Selling value. s2946.40
AFTERNOON SALES.
May Day, 100 at lac.
Ohio Copper, 200 at s1.52t
Opohongo, 500 at 16c.
Prince Consolidated. 200 at sl.e2a: 400
at Sl6o. 'V'
silver King Consolidated. 80 AZ 3,
Swansea Consolidated, 1000 at sSc: sss
at sc. w. 0''
Tintic Central. 1000 at Bic.
Union Chief. 2500 at &C.
Shares sold. 67s3.
Selling value. $1S3297
OPEN BOARD,
Black Jack. 500 at 2oc
Gold Chain. 100 at 4ec.
Colorado. 200 at S0Ac.
Crown Point, 1000 at 4tc.
Iron Blossom. 500 at s1.25.
Ohio Copper. 100 at sl.62; 100 at s1.56
Pjoche Deu1ijohn. 1000 at 12ac
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
Wall Paper and Paints.

Wall Paper and Paints.
We have a large force of painters
and paperbangers and can give all work
prompt attention. Our prices are tho
lowest, Geo. w. Ebert g. Co, IL Main.
Opening ball Wandamere. Friday.
mil 10
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
FOUR MILLS NOW
DOT MANHATTAN
District Is Striking Example
of Wisdom of System
of Leasing.
I,OW-GRADE COUNTRY
Days of Higll-Grade Gold
Ore Thing of Past in
Nevada.

There was a time when the discovery
of rich piece of gold ore set all Ne
vada on edge. and towns were pulieo UP
nv the roots and removed over TO tie 10
cality disclosing such indications These
rich surface discoveries served the pur-
nose of Indicating where successful min
ing might or might not be done; they
likewise helped In the process OF hnan-
cling different companies. but the state
Of Nevada, and the investor as well. are
proceeding along entirely different lines
at the present time. Rich ore Is not
despised, II Is rather that low-Erade mill
ing rock is desired.
A district that leaped into first prom :
inence several years ago by virtue OF
it's rich surface gold showings was Man.
haitian, the camp being magnet that
drew mankind from all over the world
and capital from people who bought
stock merely on the strength Of the magic
word Manhattan. After while Manhat-
tan began to suffer troubles that drove
nearly everyone AWAY. Unwisc booming
promlscuous stock selling and the san
Francisco earthquake did the mischief
and only once in a while did the world
ever hear OF the district, and then. In
half-hearted way that did not stir up
ANYTHING but regrets.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19

Pioche Metals. 5000 at 2ic.
Prince Consolidated. 500 at 81 60.
Swansea Consolidated. 79S at DC: IO0o
It 9sc; 1000 at 9Ac. buyer sixty DAYS.
Shares sold, 1888,
ceiling value 2S6409c
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
Wide Area Likely.

Extending north and south the Eagle
fso Blue BEL properly presents more tnsn
trend, only n small portion OF which has
been given attention to date, as 1t all Is
virgin territory. With the developments IS
of the Victoria Consolidated to the south
and of the Chief Consolidated to the
north of the Eagle & Blue Bell the
probability Of the Eagle & Blue Bell find
ing a large portion OF this 100 feet min
eral bearing would appeal instantly TO the
one studying the Conditions, and It is a
matter worthy OF comment that all three
companies mentioned have the ore at
depth.
The so-called 1O0o-foot level OF the
Eagle & Blue Bell property is really only
92l feet below the surface. from which
depth the shaft has been driven for 900
feet to date. Another fifty feet OF depth
will include the sump, from which point
the management will begin drifting out
to encounter the same ore had above.
This important work is being watched
closely by everyone interested in the
camp. and all agree that the company
occupies the best position of It's history
despltc its honorable production record.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
Ore Shipments

The Utah Ore samplln!g 81 IL
Thursday released o car / II
Utah. . from Nevada anu
rado camps,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
Ore and Bullion

Tie ore and bullion repSS. repS. ca.
day. given by McCofmch Sso geq:
follows. ore Yccciyed Zoo 900.
shipped sI60,000; totaI. S.-.1
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
Leasers Take Hold.

I.easers began operating the idle prop
critics. for il was practically impossible
To finance any company there for two or
three years. and when they began accu-
nlulnting good-si5ed fortunes from re-
sources opened at depth the investor be-
came interested again, But no lure OF
high-grade recalled the ear and purse to
Manhattan: II was the low-grade stun
which could not be sent out OF the dis.
trict as taken from the veins IT first
had to be millcd and reduced to bullion.
A few days ago Manhattan celebrated
the beginning Of active operations OF the
fourth milling plant within the limits OF
pany, at an expense of $4,000, having
erected ifty-ton plant which is now
working like charm. Manhattan has
been restored to the mining map, and the
most careful and conservative dc not
hesitate TO predict that this Is to be one
OF the most useful and long-llved mining
sections of the Sagebrush state.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
Metal Market.

The metal quotations for Thursday
posted by Mccormick & Co.. were as fol
lows: Silver S9ic; lead. Sl20. copper
$l5-62S.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
EAGLE & BLUE BELL
WORK |MPORTA ANT
Deep Operations Along Re-
source Promise to Open
Some Larger Bodies.
PLENTY VIRGIN GROUND
Victoria and Chief Both Are
Working Upon the
Same Resource.
PLENTY VIRGIN GROUND

Pending the completion OF the new
shaft work and the ascertaininG Of the
continuation OF the 1900 and 1900 re-
sources in the Eagle & Blue Bell territory
OF TIntic, the management is saying little
but doing much Those who have had
the privilege Of visiting the underground
work Of the company are loud In their
praise OF what Is being done and the re-
suits OF operations so far. Below the
level known as tho 1000 the management
has opened the ore by a series OF WINES
to the 1900 and 1900 levels, and when re-
turned visitors are asked as to the prob
ability OF the ore bodies going to depth
below the 1300-foot level they never hesi-
tate to pronounce the chances excellent.
Showing on Thirteen.
On the 13OO-foot level. for instance. the
management has followed the ore along
the trend for 22j feet, or to the north
and south, and there Is ore still reaching
ahead at both extremes. The north face
shows for a width OF fortytwo feet. while
forty fve feet In height. Such show
ing naturally tends TO encourage the be-
lief In the integrity OF this body as fur
ther depth Is gained.
All who are familiar with the prop
erty do not hesitate to assert that 1t Is
working In the same orc body now being
developed to the deep by the Victoria
Snn bs Sor = za WhoJs Bell 90 ths
south To the north lies the Granite
claim OF the Chief Consolidated company:
through which many believe the ore will
trend before 1t leaves this claim, to re-
turn again to the territory Of the Eagle
& Blue Bell further north. OF this
Granite claim work, II is asserted posi-
lively by those In n position to know that
the same orc body has been picked up
within its lines
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19

San Francisco Oil 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, 1912-04-19
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, 1912-04-19
NEW YORK CURB CLOSE,

Nevadas in San Francisco.
James A Pollock & Co. bankers and
brokers, furnish the following, receIv ed
over their private wire yesterday after
noon.
Bid. Asked.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-19
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, 1912-04-19

NEW YORK LIsTED sToCKs-
Semi-weekly herald., 1912-02-26

John McDermott, the sheep man,
was business visitor from Laplata,
N. NJ, over night.
IS. S. Swift is down from Rock
wood making arrangements to move
his family to Durango for the winter.
p. C. Nolan, the Everglades man,
was passenger to Denver this morn
ing, ON a business trip,
~
Miss Bertha Cameron came in
last night from Rico and is the guest
of the Strater for a few days.
--R. S. Chestnut, member of the
clerical force of the local smelter,
left for Denver this morning on a
hurried business trip.
Mrs. w. d. Lee was an outgoing
passenger on the Southern this MORN
ing bound for her home in Denver.
Mr.. Lee, the well known general su-
perintendent of the r. G. s., will meet
his wife at Dolores and accompany
her home.