davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
STEWART JOINS THE
!. PROTECTIVE COLUMN
Committee Formed to Look
After the Interests of
Stockholders.

| Local shareholders of the Stewart
Mining company have been advised that
committee of stockholders. with head
quarters at Spokane, have constituted
themselves a protective organisation for
the purpose of looking after their own
and the interests OF all others concerned
who desire to cooperate with them Ihe
litigation In which the company Is In
volved has inspired this course In which
a receiver is asked for by the plaintiff,
The notice OF the new committee which
Is headed by Edward J. Carter or Spo-
kane, reads as follows:
A stockholders protective committee of
the Stewart Mining company has been
formed for the purpose OF safeSua riding
the interests OF the stockholders.
This committee represents stockholders
in the states of Washington. Idaho and
Montana, owning more than three hun
dred thousand shares OF the stock OF the
Stewart Mining company, and earnestly
requests that all stockholders Immediate
~ communicate with this committee Civ
ing their names and postoffice addresses
together with the number OF shares held
either In their own names or otherwise.
Upon receipt OF such information. this
committee will advise such stockholde ers
Of the present status Of the affairs Of
the company and what disposition is be.
ing made OF Its earnings, together with
particulars OF the legal proceedings now
pending in the Idaho courts for an ac-
from President r A. HeInze
and HIS co-directors
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
UTAH'S PORTION OF
PHOSPHATE DEPOSIT

The largest deposit of phosphate rock
IN the United States. II not In the world
occurs In the Park city formation In
northeastern Utah, southwestern Wyo-
ming and southeastern Idaho. Accnrd :
Ing 10 Gale and Richards DESCRIPTION.
the rock phosphate itself Is chiefly cbar-
acterized by an oolitic texture. by which
II can usually be recognized In the field
Rounded grains. built up In roughly CON
centric structure. range In size fron, tbe
most minute forms visible to the naked
eye or by the hand lens to pebf,Ie-Iil o
bodies half an inch In diameter; rarely
larger In unaltered specimens there is
commonly no visible or distinct cement
Ing OF the oolltic grains except where
tney occur scattered In a ground mass OF
foreign material In the weathered con
oition. however, as the material Is COM
monty found near the surface, the grains
nave g. gTaYsh color and are more or
less distinct. The rounded ovules are
also Enthusiastically distinct on weafh-
er,pohshed bedding planes OF the more
The rock phosphate varies In color from
coaly black to dull gray or iron n-stained
lts float Is characterstlcally marked
with thin film OF blush white bonelike
coating. resembling chaIcedony in planes
with reticulated markings. this Is
thought to be some secondary phosphatic
mineral. but has NOT yet been studied
This coating is useful in tracing the CON
cealed outcrop In the field by means of
scattered float OF fra agments to be found
In the overlying soil. The black color
which Is common In these deposits is
thought to be due TO bituminous mat
ter.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
METALS CLOSE WEEK
AT THE TOP NOTCH

James A. Pollock & Co. bankers and
brokers, furnish the following. received
noon
Paine. webber & Co., Boston,-The To-
cal market showed no change today and
the volume OF transactions was small.
Whatever trend the market had was
slightly downward, and most Of the
stocks showed fractional declines on
scattered odd-lot selling. The metal
the top and the demand good, and the
producing mines are enjoying an era Of
prosperity which will surely be reflected
In increased dividends and ultimately
higher prices.
Logan 6 Bryan. New York,-After a
somewhat higher opening. which was In
duced by the irmness Of American issues
tionary tendency during the first hour
Of today's session, but later some
strength developed as the result OF short
covering, with the consequence that price
changes from last nights closing were
not material There was little news Of
market influence In circulation. but the
weakness of the agricultural commodity
markets was regarded fayorably, par
to be the chief factor a g far as the stock
market is CONCERNED, that is. looking at
thinEs In q broad way Momentarily.
and such, perhaps, will continue to be
the case until the conventions adjourn.
Turmoil In almost any quarter generally
dStS dS Il UsISETSUt 10 q constructive
activity in the security market, more
particularly when II comes TO a political
campaign when issues OF such vital i'm
portance as at present are involved.
Advices as to the state of general trade
are quite cheerful. with bank clearines
showing somewhat above the average
and collections better. though not above
fair. Estimates are being put forth rela-
tive to probable earnings of the Steel
corporation for the quarter ending with
June. and the same range from s95 900 600
TO $50, 100000: We look for rather
feverish market TO prevail next week.
and believe that 1t may be well not to
become too enthusiastic on the buying
side until politics Is less OF a factor: but
at the same time 1t should be borne in
mind that the existing satisfactory basic
conditions: accompanied by a Favorable
crop outlook. Will do much iowa I'd
x,itiating the adverse influence of political
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
Mines and Mnng--Activites i'm Ore Districts Of Uta
COMING BACK AF TER
METAL IN TA|L|NGS
One Result Booming Copper
Market viii Be Ernpha-
sized Many Times.

One result or the soaring copper mar
ket 10 be expected as matter OF course
is the endeavor to take hold Of the old
tailings and mine dumps throughout the
copper mining sections in the effort to
away in the prodgal days OF long ago.
Utah may he the scene OF considerable
activity along these lines within the near
| future, Just as the Park city and Bing-
ham camps recently have presented gold.
silver. lead and zinc dumps, moss-covered
/ with age. for the use OF modern metal
| lurgical devices.
An eastern authority says that millions
Superior country are receiving attention
at fhe present time The Calumet Q;
HeoIa Is now building a new regrlnding
plant after exhaustive tests In 1910 and
1911 which showed that It can recover
a pounds OF copper per ton OF ta,linss
at a net cost. Including everything, OF
| 6 cents per pound
In 1911 Calumet & Hecla treated AT;
recovered 900 pounds Of copper, ON
16-cent copper this would indicate that
Calumet & Hecla can net 10 cents per
pound profit in the treatment of these
sands. and 1t controls millions OF tons OF
| tailings from It's conglomerate lode, Tor IL
only treats conglomerate taillngs,
Tamarack also has millions of tons OF
congomerate tailings. which are esti.
mated to have A IiquidatIng valuation OF
s35 per share for Tamarack stock. Some
estimates place this value as high as 500
per share. Tamarack.- having the nene- ,l,
will Immediately erect a resrinding plant
at a cost Of several hundred thousand
dollars. and what II lacks In the. shape OF
mine underground II will endeavor to
make up by recovering from the "ore that
| has passed ~
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
BIC COTTONWOOD AS
FUTURE GOLD CAMP
Blue Point Company Worked
Last Winter in Enormous
Gold Vein.

\ The Big Cottonwood section through
the operations OF such mines as the
Michigan Utah Consolidated has been
shown to be lively silver-lead section,
with good copper and gold values sand
wlched In TO sweeten shipments these
lfh-cent coppers days. and that 1t holds
the material TO become one OF the big
gold milling sections OF the west Is the
opinion OF w. J.. Fuller, general manager
OF the Blue Point company, which or
ganization. he asserts. will be the pioneer
proposition OF this character
throughout the winter the Blue Point
company has been at work under the
direction of Manager Fuller. the group
consisting OF fourteen claims in Ferguson
canyon adjoining the Verde property.
There are silver and lead showings Of
splendid promise on the property, but Mr.
Fuller banks more upon the large body
of ow-grade gold ore which he has
drifted In for min nety-nlne feet AT vertical
depth of about $50 feet. and which he has
crosscut for seventeen feet at one point
without bringing the foot wall 10 view.
The ore so far developed will overa ge
$3.50 In gold. he states, and there could
not be found more ideal concentrating
proposition this side OF Goidtield and west
OF the Black Hills.
What everything points to our bav
Ing said Mr.. Fuller. is q gigantic gold
milling property demanding large capital
quainted with the Big Cottonwood section
readily can sec where the necessary wa
ter will be found for this purpose. We
will continue development work through
out th. summer.
Mr.. Fuller displayed numerous samples
of the ore and assay certificates TO
sustain his contention while the mine is
open always for inspection.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
BUTTE MINERS REFUSE
NEW SLIDING SCALE

An eastern dispatch from Butte says
that by q large majority the miners
union Of that city has rejected the offer
OF compromise on the wage scale pro-
posed BY the Amalgamated Copper COM
psny. Several weeks ago the union ap-
pointed 2 committee for the purpose OF
consulting with the mining companies
old contract had expired. After many
conferences with C. F. Kelley. vice pres
ident of the Anaconda company. an offer
was submitted TO the committee agree
ing TO pay S2.75 a day OF eight hours
when copper is selling at from 15s to IT
cents a pound and 81 when the red
metal Is above the latter figure.
This offer was rejected by a vote Of
more thnn two 10 one, and By about the
same vote the union voted to refuse TO
sign any contract for term of years
involving a sliding scale. Under l53
cents the wage was to be $3.50 Under
tho old contract which expired on May
T. the scale was $3.50 as long as copper
remains ed under Is cents a pound and
when il went above that the wage was
10 be 81 a day.
The meeting at which this decision TO
reject the companys offer was reached
was held in the largest available hall In
the city. but only about 500 members
could gain admission. whereas the union
has a membership or some 5000, 1t is
claimed that the Socialist members got
possession OF the hall and thus brought
about the rejection OF the offer. II is
vote was taken the offer OF the company
would be accepted b. a large majority.
After The election or officers OF the
union when IL is expected the con SER
yagive members will be In control Of af-
fnirs, a referendum vote will be ordered.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
GOLD CHAIN P|LNVG
UP STEADY PROFITS
Liberal Shipments Coming to
Snelters and Ore Is Net
ting Literally,

There has been a considerable amount
OF speculation during the past few days
over the market weakness displayed by
the Cod Chain issues on tho local eX-
change. The first information available
regarding this T!ntic proposition Is con-
tsined IN last weeks issue OF the Eureka
Reporter, which was as follows:
During the month OF April the Gold
Chain mine at Mammoth sent out total
OF fortyeig carloads OF ore, which is
said 10 have brought the company In
the nelghborhood OF $4,000 after the
payment OF all operating expenses for
that month. while during May thirty
six carloads were marketed at a profit
of over 10000 Assistant Manager w. d.
Loose expects to close the month of June
with an output OF about fifty carloads
and owing to the fact that the ore is
Improving very materially the Juno tom
mage should place not less than $4,000
In The mines treasury.
These figures Indicate that the Gold
Chain is rapidly forging TO the front and
that within few months the mine Will no
doubt be In position TO commence tho
payment of dividends, as there Is already
a nice surplus In the treasury. One Of
the largest bodies OF ore that has yet
been found In this property is now, being
developed from the 700 level and tho
ore not only comes In large deposit,
but 1t carries somewhat better values than
In the upper portion OF the mine.
This ore was first found In a raise
from the 700 level and later was developed
by drift which has already been driven
In the ore for q distance of not less than
eighty feet, the course Of the drift being
toward the north. II is impossible to even
guess at the size of this ore body because
the wall has not been located on either
Side and the drift is still in the high
grade material. In most OF the Gold
Chain ore the copper values predomi-
nate and the work which has been done
from the 700 level seems to Indicate that
which is now being taken from the new
find above the 700 is netting between SIS
and $50 per ton, CARRYING a little silver
and some gold In addition to tho cop
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
MAY DAY ZINC ORE
IN UNLIMITED FORM

Superintendent c. c. GrjgEs. since
learning that the zinc ore al the Nav
Day can be handled at splendid profit,
has been busy putting things In shane
for the rapid extraction OF this Character
OF rock The ore Is already blocked out
upon almost every level down to tho 1o06
and during the week a nice lead OF zinc
was found upon the 100. At this point
the ore runs but Is per cent but II is
quite probable that commercial product
can be located at that depth with but
small amount Of development work
There Is perhaps 10000 tons OF zinc
now ready for shipment at the May Day
and II would not be a difficult tnatter
to ship from 800 to 1000 tons OF thIg ore
each month. The present high price Of
zinc makes II a more desirable metal
than lead where a suitable smeltor con-
tract can be secured.-Eureka Reporter,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
New Ground Secured.

In the report Of the general manager Of
The Cananca Consolidated Copper COM
pany. :. A.. mention is made OF the pur-
chase of four-hfths interest In the Su-
perior BcNanza property, located near
Imuris. Sonora Mexico. While this trans
action was taken up during 1911 IL was
not consummated until January OF this
year.
The terms upon which this purchase
vas made was that the Cananea Consoli-
dated Copper company. s, A, should ad-
vance the sum OF approximately $4,000 TO
pay off their Indebtedness and to develop
the property. For this advance the Can
anea Consolidated Copper company, S. A.,
received fonr-ff OF the capital stock
OF the Superior Bonanza Mining company
and Is 10 retain all profits until such ad =
NanceS are repaid.
The coinpany's engineers estimate that
the net value OF the ore blocked out is
more than enough TO repay the sum ad-
vsnccd which Will result in the company
owning four tfths interest in this prop
erty without cost.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
WHAT THE DRl9|
IS WORKING
Iron Blossom Body |
Sought at Extre1n,, /.
in the Center.
QUICK RESULTS cs,'
Engineer Ritter Eyn1,,..I
tenn Adopted to D.,3
This Tintic GrO,,,,
QUICK RESULTS On

From Engineer l.. z RI,..
a. representative OF The Tn.
several interesting idea, ~
rnent work now being pros.,'.]
Dragon Consolidated compas, J
Mr., Ritter spent the BATE.
week at this property. which \
Iron Blossom on the south -
opening the same resource, ~,
providing the dividend ns,.|
husky netghbor to the uors
The management encoun,...,
Blossom ore body bv d,,os
the 6oo-foot level Of H.
and by raising sixty fsst
where the first raise enoom.ss
fine grade the body tas S.'.
at one spot for three sats ~ h
seven IN length The S.na y
has been continued and s ans,.
being driven TO the ore i@
south This drift on IN y
following the vein and s"r,
throughout this work, bpt 4.
raise at every 100-foot poIn, 4
ward journey along the vsIa'
At a point 1900 fest ts,ss !
yeloped ore the manaseps.t
from the long Star conssSa.
Tor the same resource. Ss7sr,I ;
this raise encountered a cav.
OF which was a good shows.
and silver ore. But tbs mss
not been reached yet Ip M
the raise is being continual
From the collar OF ths ola n
the management is drIyir,
encounter the same ore EN-
the ore is found II will not 4 /
1000 feet south OF the old Si,7
situation. therefore, sizes on 4
ore body has been depaonstr
distance Of ESQ feet south 4
end lines. Should the Star 4
into the ore. as expected. n
point, there Is an extent 81 =
feet north and south throuess1|
Is logically TO be expected us /
trend in all Its characterIa,
ness. And should ths Das
break into the same ore, ~
feet OF territory Throughout 7
ore stands an excellent ch1ss
Ing, as the body will be dsnz
both the north and south esd
tically in the center.
The Dragon therefors, Ia
tion to prove its merits auIeNg|
lively, and the company VIII n
interesting summer Of work
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
GALENA KING GETS
ANOTHER CAR ORE IN

Another car OF hrst-class silver and
lead ore has been received at the snelt
er from the Galena King property OF
Stockton, for which the company will
receive a check for somewhere between
$500 and 5000 Shipments are coming
with pleasing regularity from this old
working in fine grade ore from the 500
to the 1o00-foot levels. The treasury is
comfortably provided with ready funds
way,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
UTAH CON. SHIPPING
A STEADY TONNAGE

Well defined reports have II that the
Utah Consolidated company Is shippiDs
an average OF 500 tons of copper and
lead ore daily. 10 the international Smeit
ing and Refining company. the lead espe-
cially being one OF the best money-mak-
lne classes OF ore the company could
nave at this time. The copper shipments,
while low In grade, permit a much hetter
better metal market The manasenoen
Is driving below the 1200-foot level in
the campaign of deep development deter
mined upon some time ago
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
SMALL-SIZED WEEK
CLOSED ON 'CHANGE

Sales on the Salt Lake mining share
market Saturday morning totaIed 22,63S
shares of stock. the market value OF
which was s4S4S.06. This brought the
weeks trading to 22l. s33 shares Of stock.
the market value Of which was $40, 600. 6S.
IT was period of no excitement, but
with the range OF prices extraordinarily
steady.
The following were the closing trans
actions:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
EAGLE & BLUE BELL
AMONG BIC MINES
Duncan MacVichie Classes II
Among Leaders of Tintic
Mining Camp.
SURPRISED AT SHOWING
Great Depth Remains Before
Resources Likely to Enter
Altered Formation.
SURPRISED AT SHOWING

Stockholders OF the Eagle e. Blue Bell
company will be interested TO learn that
Duncan MacVichie, at one time consult
ing engineer of tho organization, has
finished a visit of inspection TO the mine,
being drawn thereto by the recent de-
velopments of magnitude on the 700 and
1900 levels Mr.. MacVichle spent Thurs
day underground with General Manager
liner Petit. and when seen by The Trib-
une yesterday Mr.. MacVichie said:
II went 10 the Eagle & Blue Bell ex-
pecting 10 see everything IN fine condl-
tion. but I did not have any Idea that
the present showings were so big and
rich as they really are. This Is a mine
In every sense of the term, and 1t COM
pares favorahly with any OF the larger
mines OF Tinuc, excepting the Centen-
nial- Eureka, OF course. which all must
admit is i'll a class entirely by itself,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
EUREKA SWANSEA EX.
NEARING ITS ORES

There was an air Of expectancy Satur-
day among those known to be liberal
holders OF the Eureka Swansea Exten- =
sion stock, cXplainable only on the basis
tha, something WAS pending which was
liable 20 material!ze momentarily. II was
slated by one In position TO know that
orc should make at practically any round
II holes In the drift sent out from the
s0o-foot level Of the Centennial Eureka
mine These two mines ad1oln. and II
was thought that when the Knight OFF,
ciaIs arranged with the Centennial-E Eu-
reka FOR operating via the levels OF the
latter property that something pretty
dednite was in view. The results OF the
new week win he awaited with a great
deal OF interest locally.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16

MORNING SALES
Colombo. 1000 at 1sc
New York. 1000 at &c.
Opohongo. 500 at 16c
Phoebe Metals. 1000 at sAc.
Prince Consolidated. 200 az 81. .6aa
Silver King Consolidated, 100 AZ n os
Sioux Consolideted. 1000 ct SIC
Swansea. 1000 at 6sc,
Union Chief. 5000 at 15Sc.
Yankee Consolidated, 1000 ut Zoe.
OPEN BOARD
Ohio Copper. 500 at $145
Yankee Consolidated, 1000 AZ 12e
TOTALS
Regular call. 16. 800 shares, ss745
Open board, 1893 shares, s21o3 Ds
Total sales, 22,s3s shares. sls1s. o.
Weeks totals. 221. 1893 shares, $40 soc az
Ore Shipmenta
The Utah Ore Samplina COMPANY .,
Saturday released cars of ore fro,,
Utah camps.
June ls Is the Day.
Eagles outiup I,aoooo Ea.. OF.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
STOCKS, BONDS, q
PROVISIONS, con
James A. Pollock

BANKERS AND BHoBn
333-335 South Main Street 01
Salt Lake City.
Direct Private Wire to ~ 4
Duplex System-One Relay b
and Boston.
Correspondents Members %
Stocks Carried on L!bsfal Y
Specialists In Mountain Siato
and Telegraph
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
GREENE CON. HAS
PROSPEROUS YEAR
Over One Dollar a Share
Earned During Low Priced
Copper Year.
TO DISBURSE PROFITS
Company Acquires New
Ground Which Holds Dou-
BILE the Purchase Price.
TO DISBURSE PROFITS

The Greene Consolidated Copper COM
pany has issued Its pamphlet report for
the year ended December 81, 1911. The
combined income account Of the Greene
Consolidated Copper company and the
Cananea Consolidated Copper company
as OF December 81. 1911, compares as fol-
lows.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
1911. 1910. 1909,
se. .o45, ,SS4Is6. .6a2. .0s0T IS, SO. .als
Equal TO $1.O2 on 100000 shares out
standing

standing.
The combined balance sheet as Of De-
Real estate mines. plant, etc, S9, ,439, 523;
deferred assets. Sf.713. accounts receiy-
able. s3,0lS0 044; notes receivable, sS9,s1S,
material and supplies. Sl335.5l6: iDyen-
tory or copper in process SlS2.62S; cash,
ss3, $685. total, s1t,142576. Liabilities:
Capital stock, s10.o0o.0o0: amounts pay
able, s1,0SS,S54. reserves. S43s,3S0 profit
1885
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
DALY-JUDGE MINING {

The regular quarterly diH
Daly-Judge Mining compsnj
per cent, aggregat!ng s!s.@
dend No. o. has been declared I
lst, 1912, 10 stockholders q
close OF business June 20, W
date the transfer books viii 81
open on July /, 1872.
G, W. LAMBOURSE u
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
Ore and Bullion.

The ore and bullion report for Satur
day: given by Mccormick & Co, was
as follows: Ore received. $50, 600; bullion
shipped. $4,000: total, $4,000,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
Nevadas in San Francisco

lanes a. Pollock & Co, bankers and
brokers. furnish the following rec.i,nS
over their private wire yesterday after
noon;
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
Metal Market.

The metal quotations for Saturday.
posted by Mccormick e. Co. were as fol-
olws: Silver. 6l5c: lead. s4bo; copper.
$l6.92..
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-16
New York Mining Stocks.

James A. Pollock & Co.. bankers and
brokers. furnish the following. received
over their private wire yesterday after
noon: