davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
ALASKA AND MEXICO
NOT COPPER FACTORS

Thompson Towlc & company quote a
leading engineer AS follows:
1T seems rather 4 startling statement
60 make. but | am convinced that VIC
have found our last big copper property
IN this country for many years TO como.
AS an engineer OF long experience I am
cVsnk 10 gay that I would not know
which way 10 turn Ia get any new size =
gblc property in this country. for every
known copper beaVuE formation has
been thoroughly gone over, and every
property OF merit has been developed
or y IN process OF development.
u do not believe that copper in Alas e
la or Mexico is worthy Of much at
teniion but I do believe tho next sources
of copper supply In any large quantity
pill bc In chile and Peru. and ths;
properties there which could not be op-
Grated under old conditions will gradp-
ally he taken M and developed, and
there must be enormous reserves OF cop
pcr hearing ore I'm that country. bat II
win he many years before they arc In
a position to produce. though probably
IN tho meantime. improvements in met
allurgicsi treatment will permit Of the
treatment or ores running low as
7 per cent copper. which would add
arge reserves OF orc throughout this
country. but this Is n matter OF some
years.
Il am extremely optimistic as To tho
future of copper. for | can sec that IL
ia only a question OF time when every
pound Of copper produced In this Coun-
try o-iIl be eagerly sought after al great
Is advanced prices
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
CUSTOM MILL MUCH
NEEDED IN T|NT|C
J. William Knight Says Such
a Plant Seems Likely
of Installation.

The importance OF having large Gus
tom concentrating plant Ia tho Tiutic
district matter first mentioned In the
last Colorado Mining company's annual
report WAS still further emphasized on
Wednesday by j. William Knight. who
is n director OF the various knight en-
terprises.
There are several strong people con
tcmplatlnS such plant, said Mr.
knight. when asked by Tho Tribune
what steps. " any. were being taken 10
this cOnsummauon. Tncre is no oues-
ton OF the necessity FOR mill 20 treat
tic enormous developed low-g grade ores
OF Tlntic. I know of no district any
where presenting more OF an oDpor-
tunlty and that the mine owners OF tho
camp viii cooperate In such an enter
pris" admits OF no doubt whatever"
Asked regarding the various knight
mines of Tinuc. Mr.. knight said that
the hest showing Is on the Iron Blossom
territory. which Is matter well recoC-
niZed loCBlti. The Iron Blossom has
three big Slopes iu the nnc grade ship
ping orc on tho 500 foot level OF the
No shaft. these Slopes covering a ter
ritory along tho trend OF the vein 900
feet In extent. Shipments arc being
made at generous rate and the com
panY Is securing more cars right along.
The Knight interests believe eventually
tho Dragon Consolidated company will
be ono OF tho big producers OF Tintic.
They have always figured Ii ground or
great merit and they navc not changed
their opinion. for II Will take time to dem
onstratc this fact
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
SILVER COMMENT BY
MONTAGU & COMPANY

In reviewing the silver market for
December. Samuel Montagu & co. OF
London says that the month was as alb
normal as November. The cash and for
ward prices remained for the greater
part Of tho month divorced from their
natural relations with the real value of
silver and to each other in consequence
of the corner for delivery which spent
Itself on December -. The highest. low
est and average price OF silver for cash
was 20 ll-l6 d, % l-l6d and 25.3d9d
respectively: two months prices were re-
spcctiyelv 20 7-16d.. 2bAd. and 25.27Sd.
On sixteen working days cash silver
demanded premium varying from !
TO lie On eight working days II fell
TO discount OF either \ or Lie. The
circular says that the new year opened
not unfsvorably. The market has II
broader aspect. some interest is being
taken by the Continent as well as the
near and far east. Though supplies
arc plentiful, they do not overN Weigh the
demand, which exercises Il gentle pres
sure on the price suggestive of Il steady
undcrtonc. Til" fact tina, Shanghai inn
ported 3S.136.710 ounces of bar silver in
1911, and very substantial amounts OF
British dollars were taken by Hong
Kong. shows that tho outlook in China
Is of special interest TO the silver mar
ket The offtakc la Bombay has fallen
from so to 40 bars day. 4 shipment
OF 100000 has been made from San
Francisco TO Hong Kong.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
FIRST DIVIDEND OF
CREENE-CANANEA

The recent market activity in and at
tcntion attrac ctcd to the Greene Cananea
Copper company eastward is explained by
the declaration Of the initial dividend by
the board OF directors. This dividend Is
for % cents q share. The two subsidiary
companies the Greene Consolidated Cop
per and the Cananca Central Copper com
panics each have declared a dividend OF
so cents a share. making a total distribu-
ticn by these subsidiaries OF $3.50 ONn. OF
which, said the Pollock wires on Wcdncs-
day. the Greene Cauanea VIII secure ap-
proXimatcly $3.50, 900.
This is the first income Of the Greene
company. and subsequent dividends Will
be secured from its subsidiaries. while
a very comfortable cash surplus will be
left. The Greene Cananca dividend is
payable March ]. the books closing Feb
ruary. 10, reopeniug March !.
II is of interest in this connection 10
note That William T. Corey has been Sc
lected To fill "A vacancy on tho Greene
Cananea board OF directors. the second
time within tho month he has allied HIM
sen with IL copper proposition In such
capacity. the first instance being his cleo
ton as director OF the Inspiration Con-
solidatcd company
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
ANOTHER K|NK PUT
INTO NEVADA
One More Committee Formed
to Place Programme Be
fore Stockholders.

Another complication has entered the
already tangled Nevada Utah Mines and
Smelters corporation affairs. certain
| shareholders. not satisfied either with
| the plan put forward by tho officials OF
tho company or with that of the So
called stockholders protective commit
tee having formed n committee OF their
own consisting OF &. j. Calkins y. f.
sullivan and Fred Kaiser. This COM
mittee is supposed to be preparing some
sort OF proposition To place before
those interested. FOR IL is stated that =
request has been made that all share
holders pass everything else up until this
new committee can formulate some pro-
grsmmc.
Frank A. Dillingham;, the New York
attorney. is quoted I'm the east in regard
TO the receivership proceedings. lie
said:
Tho solvency of the Nevada Utah
company has never been an Issue. and
as matter or fact. we ourselves today
have not yet been fully able TO deter
mine whether tho company Is solvent
or insolycnt. The rcccivership proceed
lnSs were Instituted largely TO prevent
former officials Of that company from
selling out property which was held as
collateral 10 secure obligations which
they had made as individuals and not
as officers of tho Nevada Utah company.
Unless the appointment OF rccctvcrshlp
had been secured, IL is quite likely that
these properties would have been sold.
and II was entirely with view OF pro-
tecting the shareholders in tho future
enjoyment OF their properties that Ihis
step was decided upon There were also
many alleged claims filed against the
company which we disputed. and in or
der TO protect the company from levy
Of its assets. a receiver was absolutely
necessary"
Mr. Dillingham; made this statement
in answer to n notice which has been
served on Henry Melville, receiver for
the Nevada Utah Mines and Smelling
corporation To show cause why he should
not allow the representatives Of the sec
ond stockholders protective committee To
inspect the stock and transfer books
or tho corporation. which Is in the bank
TUDtCy courts.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
HOW UTAH SMELLING
Is VIEWED IN EAST

In reviewing cditoriallv tho predictions
in - report OF Ihc United States GeoloGi-
cat survey ON the fertilizer question. In
which Sal, Lake and Ogden wcrc men =
toned as probable future ccnters OF fer
tiliZar uauufsC CtuTinG enterprises. tho En-
Eln.crinG and Mining Journal takes a
very pleasant vi.w of the Utah smelling
companies. expressing Itself In part In
tho following manner:
Tho report proceeds with tho remarks
that Hitherto tn. smelling Interest II
have objected 10 converting i0cir fumes
Into sulphuric acid on the twofoid ground
that tho people in their localities do not
use Fertilizers. and II they did use them
the production OF acid would bc TAR
greater than the demand But N the
sneltcrs of Utah were TO follow tho sug o
Gcstions here offered they could Dut
high grade fertilizer on the market 50
cNcaply that In few years tho agrirul-
turel Interests OF tho surrounding coun-
try would use their entire output"
The smeltcrs OF tho west arc notori- %
ously wnsteful and unrecsptiyc To- new
Ideas. Thcg have persiEtently preferred
10 throw away the sulphur of their ore
even NJ the expense Of smoke damage
rather than 20 render IL both innocuous
and profitable bv making sulphuric acid
out OF H. Is II 10 be expected that tncy
Will now defer TO the words of wisdom
from tho Solomons Of the department o.;
agriculture. or Will they continue TO
manifest that they arc from Missouri
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
PLENTY OF ORDERS
FOR CHEAP COPPERS

James A. Pollock & Co. bankers and
brokers furnish the following. received
noon:
Paine webbcr & Co. Boston: Al
though the market was duh and narrow
again today. there seems 10 be plenty Of
buying orders waiting for any reaction.
search OF the room disclosed over
800 shares OF Hancock wanted between
&3i and 30, and other stocks were
found 10 bc in equally good demand OH
rccessions. We understand that the large
holders OF Chino have received good
offer for a control OF tho stock and that
plan may be carried out. The market
for Chino is better than for many weeks
past and tho stock is scarce,
Logan & Bryan, New York. Tho COM
plcxlon Of trading was not changed ma
terally from that which has been wilt
messed during the past few days. cN-
ceptinG perhaps that the pressure on
Steel was rather more aggressive. Tho
principal influence OF an adverse charac-
ter appeared 10 be the news from abroad
relative TO international politics which
American issues by foreigners The
meeting OF the st. Paul directors to take
action on the dividend on tho common
stock is scheduled for Thursday. and al
though that issue was relatively steady.
still tho element operating on tho sell
Ing side In other quarters was disposed
10 sell stocks freely on the theory that
reduction viii he ordered
Opinions as To tho probable extent OF
the Steel earnings were rather mixed
and. too. there was much discussion In
connection with the probable showing
in the Hartman lines, but OF course. In
either instance "A change In the dIsbursc-
mcnts on the ordinary shares of these
companies * not anticipated. The
rather official denial as to the rumored
deal In connection with the Q. =. & O.
d & X. G.. and Western Pacific was re-
floctcd by realizing In the Hin shares.
but although a goodly portion of recent
selling OF the Hartman lines has been
based on the idea that the Hill roads
would form an alliance with the Gould
and Rock Island. still the shorts In Union
Pacific did not display much nervous
ness.
There was some rather good selling OF
stocks today and sentiment shows a dis
position to incline towards pessmism
owing primarily TO the prospect OF tariff
and the hesitancy in trade cir
cles incident thereto. but seemingly the
bulk OF the trading represented mostly
the backing and filling of the professional
appear To- be the dominating influence
We believe for investment the standard
issues present great attractions during
weak periods. but so far AS daily opera
tious are concerned, IL would seem that
q trading attitude would be more i'm or
der.
Gallagher. New York: Inspiration Con-
solidated was the feature OF the curb to-
day, 1000 selling up from 2ii To 2ts
The buying was OF the best. The mar
Let is quiet but there IL fair demand for
all better class OF stocks. especially the
coppers.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
FREAK GOLD ROCK
OF BULL VALLEY
Nuggets Appear EncaSed in
Plain, Everyday Lime
Formation.
SALT LAKE INTERESTED
Local Capital to Open the
Field in Far Corner of
the State.
SALT LAKE INTERESTED

Utah. with it's frealiish instances OF
precious metal occurrences like the pres
encc OF bonanza silver values in sand
| stone, bids fair TO have its reputation
stiIl further Increased by the discovery
OF remarkably beautiful and rich free
gold specimens in plain, everyday lime
| stone IN the far southwestern corner OF
the state. There are many Of these
specimens 10 be seen IN the possession OF
II. .. McQuarrie OF st. George, Utah,
demonstrating again the old saw to the
effect that gold IL where you find II.
Mr.. McQuarric has been in salt Lake
for several days seeking To interest local
capital in the development of his gold
property, and he has succeeded in this
mission. he stated Wednesday morning
\ test shipment WAS sent from the prop
erty by horseback, this is now at the
anything like the samples the local cap
italiSts Interested Will begin the active
Development OF the property Immediately,
The section in which this gold orc oc--
ours goes by the rather euphonlous and
attractive name OF Bull valley; II Is To-
Gated about thirty-livc miles northwest
of ~. George and twenty-five miles cast
OF the railroad station called &coma. MIR
McQuarric says IL has been known FOR
many years that the sands a)onS the cast
fork OF the Beaver Dam wash pan like
the provcrbial house afire, and IL was
some such extraordinary development
two years or so ago that occasioned a
picturesque stampede from nearly all
southern Utah.
The possibilities of Bull valley appear
promising. enough so TO justify the cx-
pendiLure OF capital in finding somc of
tho sources OF the extensive gold values
to be had scattered over a large area.
il should bc determined whether this
gold occurs IN a manner promising re-
suits with depth or II IL is merely cast
up by some freak OF nature for the mere
satisfaction OF dashnE hopes OF human
kind. a process which natufc frequently
delights In. But the samples are bcsu-
tifuI. the gold is extremely pure and
round about IL all is the customary and
mysterious lure of the yellow stun which
often forces the hand OF those who would
balk often at n dead sure proposlticn'
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
BOURNE GROUP BONDED
in JARBlDGE DISTRICT

Word from Jarbidee yesterday WAS TO
the effect that the Bourne property has
Dccn bonded by man named MCCarty
or Mccarthy. and not by Wingfield as
mas been thought for several DAYS past
Unless Mr. McCarty or Mccarthy is act
ing for the Wingficld interests there Is
little likelihood that Wlngfield will got
IN on what many deem one OF tho great
est properties OF the Jarbidgc camp
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
HART CAMP BEING
GIVEN A SEARCH
Big Chief Company Carrying
Forward important Work
in California.
CAMP ONCE BOOMING
Two New Mills Seem Likely
to Be Installed Before
Years End.

Y. =. Browne. general manager of the
California Big Chief company. the prop
crty being located at Hart. Cal, has 70
turned 20 his local office after visiting
the mine and starting development work
going again. The Big Chief property was
one OF the propositions serving as human
magnets during 1900, when from Golducld
and other parts of Nevada occurred one
OF the most picturesque stampedes In
the history Of the southwest
The Big Chief company is backed by
strong Rhode Island men. who arc am
ply able and anxious TO place tho prop
crty upon a steady, producing basis. The
work that has been started Is for the
purpose OF demonstrating 20 their salts
faction that the property Is worth equip
ping and operating along generous
scale. SIR. Browne says that this de-
yelopment work - proceeding quietly but
along strict business lines. and SO far
the property has responded In very sat
isfsctory manner.
The property is gold bearing, the for
nation consisting mainly OF dacitc and
rhyolltc. tho ore being OF A free milling
character. Mr.. Browne states that by
amalgamation tho ore Will yield AT least
30 per cent OF It's yellow metal content,
tity available. There Is enough ore now
on the dump To pay for c-stamp
uiili. and everything seems SO promising
that II looks as II tho owners VIII be
busy on mill plans before long.
Adjoining tho Big chief IL Tho ORC
Belle property. in which the ore shoot
has been shown for i5l feet along the
trend TO date. the average OF this rock
being $Io72 gold Ia tho ton. The orc
PelIc company H. planning TO resume op-
@rations. to install a mill and place the
mnc IN production form as quickly IA
possible. \ well has been drilled for
depth OF 500 feet and an abundant water
supply Is developed for the mill 10 be In
stalled.
Tho worlt OF these two companies bids |
fair 10 restore tho Hart section 10 pub |
lie notice, and nothing will do this quick |
or or more thoroughly than tho success |
ful operation OF tho iwo mills.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
SOME COPPER SENT
ABROAD BEING RESOLD

According TO a statement issued by the
National Conduit and Gable company. not
all the copper exported during the past
few months has entered the cOnsumpiive
channels direct. London spectators. ac-
cording 10 the statement have made
large net profits out OF selling the metal
on the advance. metal accumulated dur
Ing tn" prevailing low prices carly I'm
the fall. American copper mines there
fore. contributed their cheap metal for
the SillS-hattcd gentry abroad I'm a very
gratifying manner, for them.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
MORNING SALES.

MORNING SALES.
Iron Blossom. 600 a; sl.co: 700 At s1.O2A
King william. 100 a; 4ic
Lehi 'rintic, 1000 at &C..
MAY Day, zoe at l6c
New York. I0o0 at 6c; 1000 at Glc.
Ohio Copper 500 at s6c.
Prince Consolidated. 500 at Sic
Tinuc Central. 2ooo at 2ac; 1000 at &c,
buyer sixty days.
United Tintic. 1000 AT &c.
Victoria Consolidated. 400 at SEC.
Union Chief. 1000 at l5c.
Shares sold. IL. 300.
Selling value, {257S.e5.
OPEN BOARD.
East Crown PoInt, 1000 at &C.
Colorado. 1000 at 3lIc.
Iron Blossom, 500 at 81 .02s.
Lower Mammoth. 5000 at 2ic
Opohongo 200 at lie
swansea. 5000 a; Sac. 1000 az sic,
Shares sold. $500.
Selling value. sliSe.
AFTERNOON SALES.
Black Jack. zoo At i2ic.
Colorado. 5000 at &c
East Crown Point. 2OOe at &C.
Grand Central. zoo At 1ic.
Indian Queen. 1000 AZ lie.
Lower Mammoth. 5000 At aic.
Nav Day. 100 AZ i6c. 500 at IeLc
New York. 1000 ., 6ic; 5000 at Sac.
Ohio Copper. loo al SIC.
Opohongo. eco a, lie.
swansea. 1000 at 5fc
Victoria. Zoe at SIC
Shares sold. g7.S0o
Selling value, y2g2J.5c
OPEN BOARD.
Colorado. 800 at SIC
Grand Central 200 AT 7Ic
Ohio Copper. zoo at Soc. 200 al SEC
United Tintic. 3eo9 az &C.
MAJ Day. 900 at lsc
Shares sold. $500
Selling value. ssss so
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
DISBURSEMENTS
AMALGAMATED IS
COPPER BOGY MAN

Since the hmalgamated Copper inter
ests slipped In and secured the con .
troll of the Inspiration and Live Oak com
pauies. one 81 the big coups in recent
copper history. the east has been having
Nightmares In contemplating where these
interests Will direct their eyes next II
Was reported yesterday In Boston that
tho Chino Is being chased by these big
red metal interests. aud another report
has II that the agreem by which the
Glroux ores are 10 be treated az the Ne
vuda Consolidated works means nothing
more or less than that tho AmalEameted
Is going. TO get hold OF tho Nevada Con-
solidntcd
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
VETERAN MINE SHIPS
OUT GOOD TONNAGE

At the Veteran mine of the Nevada
Consoiidated Copper company the work
Ing force Is being daily Increased and
the amount OF ore sent TO the SmcItcr
for reduction Is rapidly nearing the 1000
ton "A day mark.
Iherc are now two hundred and eighty
hNe men employed about the mine i'm
The doing OF surface work and the cx-
traction OF ore from the underground
workings by the caying system just
as soon as the weather conditions will
permit OF the use OF more water "a, I'm.
mill. two sections OF the same which
have been practically out OF commits
sion on account Of freezing for the past
month VIII be put in operation upon
the ore from the Veteran and the n,,r,
ber OF men employed at the mine Will
be increased several score.-Ely Exposi-
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
SLIGHTLY BETTER DAY
ON LOCAL EXCHANGE

There wss n slight improvement
Wednesday to trading on the exchange.
and tho total business transacted was "A
Dttle better than usual There were
sales for $1,000 shares OF stock, the mar
kCt value OF which was s1S57.25.
The following were tho closing unlist-
cd and listed stock transactions;
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
Mining Notes

Inspiration struck tii Wednesday I'm
tho east. v"
GENERAL Manager r.. =. Math.w.on ~
ths international company, has left 20,
nus headquarters 10 the north after a
visit TO the Toocle plant.
contractor @. G. Thompson. Of ,be
nrn Of coutractorx which - 10 conx, ,,,as,
INC Prince Consolidated railroad Ilne
nag left for Pioche to begin actual
Nork-
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
LEAD KING COMPANY
FILES IT'S REPORT

The Lead King company. largely n
Utah proposition with property in Ne
vada. has nled a financial statement in
accordance with the Nevada laws, which
follows:
RECEIPTS
, Balance cash on hand January
j. Is!l ..---.-.-.,.........S $40. .96
Receipts from all surce5 ....... 1886 %
DIsBUR URSEMENTS.
Paid for general expenses and de-
velopment work ............ fgsg- IS
Balance OF cash on hand .... 1929 %
Dated. January 2. 1872
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
Metal Market.

The metal quotations for "Wednesday.
posted by Mccormick & Co. were as
follows: Silver 5T5c; lead. ;i45; COP
per, SiL
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
Ore Shipmen;s

The Utah Ore Sampling company On
"Wednesday released six ctrs ~ 90 o.'
Utah and one car from Nevada csnns
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
VICTORIA WILL RAISE.
ITS WEEKLY SHlPMEn

W. II. Child t.S Company received
from Tintic on "Wednesday that The
toria Consolidated company. whlcA
been shipping from two to three 2
ore "a week, will increase this an
10 five or six cars now, and thu
mine never indicated so positively
does Mt present the certain contlnu
of the ore bodies with depth. So1
the ore being broken down by
from the l200-foot level. il Is sia1'
addition. shows considerable free
stamping recent developments OF %
dous Importance.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
Boston Mining Stocks.

James y. 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, 1912-01-25
Nevadas in San Francisco

James A. Pollock & Co. bankers and
brokers, furnish tho following. received
over their private wire yesterday after
noon.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25

THE ART OF PRINTING
Would be lost In Salt Lake IL the Cen.
tury we're not In business 55-57 Post.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-25
Ore and Bullion.

Tho ore and bullion report ~ n
day. given by Mccormick g. ". h
follows: Orc received. s9..O"'
shipped, $4,000; total. SlV9'V"