davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
ANOTHER LOT GOOD
ALTA ORE IS SOLD
Alta Con. Cleans Up Over
Ten Thousand Dollars in
Past Month.

Through shipping its ores for a portion
OF the month OF June. the Alta consoli-
dated company places a period at the
end of the month by reapng in excess OF
0.0O0 smeter-net three large lots OF ore
having been cleaned UP during the
month. The check for the third lot was
received Saturday. and 1t called for
sixty-seven tons and averaging SEAS
gross per ton. and s57.23 net per ton.
The settlement sheet showed that this
lot averaged 1874 ounces silver. IL per
cent lead and 8 per cent copper, An
other lot Of like character is being closed
at Sandy. and should be sent through the
sampling mill on Monday. Additional
lots will be closed quickly, as the teams
can carry the rock to the market, for
the mine has been put into ideal con-
dition for production
An interesting feature OF the Alta Con-
Ia that the dumps made throughout the
development OF the shipping grades of
ore are being worked by the aid OF jlgs
by John Hanson, who has lease on this
low-grado tonnage. The company Sc
cures a royalty OF so per cent and this
Will permit the utilization Of the dumps
at better profit than the company IT.
self could take advantage Of the same.
Tho new tramway of the Michigan
Utah Consolidated company will pass
within nifty feet of the Alta Consolidated
dumps, and the officials intend to take
advantage OF this new means OF ore
transportation as quickly as the tram is
In condition for service. This will ma
terially reduce the cost Of production, and
It will afford year-round facilities also
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
Is Remarkable Mine.

Development continued until the first
Of this year. when IL became evident
that the property was one OF the most
remarkable zinc propositions OF the coun-
try. allied with the zinc being uniform
silver values, and with the zinc market
soaring beyond all expectations the Butte
&c Superior proceeded to take It's place
marketwise made logical by the the de-
velopment OF upwards OF 100000 tons
Of commercial ore, and with only a small
portion of the mine developed, There
are several other veins TO the north OF
the developed area that have not been
touched as yet, out which the manage
ment is now driving for at depth. BY
the close OF this year this tonnage will
doubtless be Increased materially. and by
which time the company will be produc-
ing at a normal gait
The assurance given by Mr. Jackllng.
therefore, that the reported litigation
over apex rights will hardly materialze
and that the company has no need OF
being alarmed over conditions, will be
good news for all who are so fortunate
az to have their names upon this COM
pany's books
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
PARK CITY SAMPLER
DEAL ROUNDED OUT
Jesse Knight Interests Are
Now Owners of Pioneer
Enterprise.

On Saturday morning the Utah ore
samping company, through Its general
manager. a. w. Gates closed the deal
for the purchase of the old Mcintosh
ore sampling mill OF the Park CITY dis,
trict. The consideration for this deal
has not been divulged. but II Is reported
that It was a substantial one as the plant,
which is one Of the old-timers or the west,
is In first class condition In every respect:
having a daily capacity OF Boo tons OF
ore. The Utah company Will take con-
troll OF the plant Monday and 1t Will be
iuncts to the production OF the Park City
camp
The purchase Of this plant by the Utah
Ore Sampling company demonstrates that
the company has confidence in Park
City's future, and that the tonnage to
be produced by the mines there will con-
tinue to maintain the splendid prestige
which its past production has given
them The company will endeavor TO
make this samping mill one OF the most
active and successful OF It's several like
mills In this state.
The Utah Ore Sampltng company was
formed some time ago for the purpose OF
taking over the Taylor & Brunton mill
at Murray, the Pioneer sampling plant
at Sandy and the Silver City mill of
the Knight interests IN the Tintic sec
ton, Jesse Knight Is president OF the
and A w. Gates is general manager,
These, with J, William Knight and w.
Lester Mangum, complete the board of
directors. j. A. Stalings is secretary
Of the organization. but not a member
OF the board of directors
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
LINING UP FREIGHT
RATE FOR ZINC ORE
Tintic Zinc Tonnage Awaits
Decision of the Rail
road Companies.

The importance Of Tintic as coming
zinc ore producing section has occa stoned
the demand for more reasonable freight
BELT aqd there are number OF propo-
sitions that are awaiting tho decision
OF the railroads with more than passing
interest Tintlo has been noted for years
as a lead, silver, gold and copper section.
but II was not until recently that the zinc
resources have been considered serious
". due to the rising prices for zinc and
the demand for the ore at the smelters
of the middle west.
Ore that was once unanimously con-
signed to tho waste dumps. or purposely
avoided underground whenever possible.
is now the most valuable product that a
number OF former silver-lead producers
one producer on Saturday, when the zinc
ore became available the mine owners
found that the freight rates were too
high.
The freight rate from Salt Lake City
to the natural gas zone, for instance,
to Salt Lake $3.50 per ton. was includ-
ed. making at rate OF $3.50 per ton from
mine to smelter which the producers
agreed was not low enough. They do
they assert, being desrous of sending
the ore directly east out Of Tintic. They
point out also that the rate from the
Good Springs. Nevada, district. which is
several hundred miles southwest OF Salt
Lake, is SIS per ton TO the gas belt.
The railroad companies are working
on this rate question, and 1t Is thought
that a decision favorable In its nature
will be made and reported within the
very near future. Once this question is
ore production from Tintic that Will as
tonish the natives
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
ALLISON IS LIKELY
To Be PRESIDENT
New Executive Ohio Copper,
if Chosen, Will Assist the
Organization.

Considerable credence is being given
the report locally that w, Q. Allison,
who has been selected as director OF
the reorganiZed Ohio Copper company,
will be selected as the president OF the
company. The hope may be father to
tho report. for local stockholders apprcci-
ate that Mr.. Allison Is big, broad man,
and one needed and demanded by the
existing chaotic conditions surrounding
the Ohio Copper company. II there is
anything which will convince the western
shareholder that he Is going to get a
fair shake for his money II Will be the
promise of making Mr.. Allison the presi-
dent and the performance Of that prom
ise without delay,
There is n disposition to believe that
were the reorganization and assessment
plans fought through the courts the
movement on Monday might be held up
temporarily, owing to the inadequate no
posed programme. But this would tend
to delay matters for the time being only,
and eventually the programme would be
carried out as the officials wish Many
believe also that so cents a share instead
OF 81 would have been a sufficient amount
to call for at this time.
But. doubtless what will have the
greatest bearing on shareholders Is the
matter or future management and ex-
penditures, Mr. Allison is named first
IN the list OF directors of the Company
In the statement sent out bv the COM
pany several days aso, and tho signif1 :
cance OF this is believed to be that he
VIII be made the executive head OF the
company,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
CONVERTIBLE BONDS
OF MINE COMPANIES

A New York exchange says that dur
ing the last six months considerable
comment has been caused by the steady
upward movement OF convertible bonds
OF mining companies. The preliminary
movement In these issues, which set In
about the time the price of the metal
began TO rise, attracted little attention.
Several Of these securities have prob
ably made the most sensational advances
which have ever taken place among con-
vertible bonds. One Of the most remark
able appreciation has been that of Bra
den convertible es and 7s- The es. which
are first lien collateral trust bonds have
moved up from III to 157 and the per
cent convertible debentures have ad-
vanced from 120 to los, AS the par value
OF Braden stock Is IS. with the stock
selling at "a. the conversion equivalent
OF the bonds Is 1924. II appears that
bondholders are looking for further rise
In the stock.
Most of these securities are first mort
cages upon the property. and carry an
interest rate Of per cent or Z per cent.
The following table shows the present
price, low price Of the year, the price at
which the bonds are convertible. the
present price OF the stock and the con-
version equivalent Of eight representative
Issues.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
OLD MINING CAMP
BACK ON THE MAP
Again Revives After
Two Periods of Sacrifice
for Taxes.
NEW MILLING METHODS
Country Is Fairly Launched
Upon Another Long Era
of Usefulness.
NEW MILLING METHODS

The gold camp OF Republic, Ferry
county. Washington, which was the scene
of a Wild boom" tweleve years ago anc
which was later practically deserted
upon failure of milling methods then In
vogue. has experienced sharp revival
and seems In fair way to become large
and steady producer.
The first excitement closely followed
the opening OF tho Colvllle reservation
in 1896. the original discoveries including
the Republic and neighboring claims.
These locations were made by Thomas
Ryan, Phillip Creasor and James Clark,
who had been grubstaked by Patrick
Clark OF Spokane and Charles NJ. Rob-
bins and Leo Long then essayers at
the War Eagle mine at Rossland, Is. =
Patrick Clark Immediately undertook the
organization of a company to develop the
new find and sensational values were
found from the grassroots. Finally. after
dends, the property was sold TO a
Montreal syndicate for about $4,000. 900.
A mill was erected In 1900 at an eH-
pense OF sS50.0oo, 1t was. not sue
tIcally suspend ed all work when the mill
shut down In August 1901. At that time
the Great Northern and Spokane &
British Columbia railroads were racing
TO hepODnC TO secure the IoHpI VI peiDS
first on the scene and both finally reached
the town the following year.
For six OF seven years practically noth-
Ing was done and the town, which had
boasted several thousand inhabitants In
boom times dwindled to a pessimlstic
community OF but handful. In 1905 j,
l.. Harper, who had been. operating at
the neighboring camp of Belcher for some
years, visited Republic and thought he
saw a chance of successful operation In
some OF It's abandoned mines. He Sc
cured control Of the Republic mines from
the county Of Ferry, TO which they had
reverted for taxes and by which they had
lust been leased to a group OF miners,
and proceeded to put his theories into
practice. From this time may be said
to date the resurrection OF Republic, a
resurrection without many counterparts,
even In the romantic history of western
mining
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
Harper Tries Again.

Dividends were soon paid by the New
Republic Mining company under Harper
among the stockholders finally caused a
cessation Of operations and Harper then
turned his attention to the Lone Pine,
Surprise and Pearl claims, on the east
from the Spokane owners for S225,O0
Since then the bond has been lifted,
total Of over S100o,0o0 worth Of ore has
been shipped to smelteTs osd and I'm 1mmense ienst
the latter. modern milling facilities were
necessary and Harper then organized the
North Washington Power & Reduction
Grafton the first 125-ton unit Of Its 500
ton mill. designed by the Trent Bngi-
neering company, Fine crushing Is COM
bined with standard cyanide practice.
80 per cent Of both gold and silver values
are being saved. The crushing machinery
of the new plant is not yet all that could
mechanical and will be remedied within
a few weeks.
Meanwhile other operators have taken
advantage Of the camps opportunities: a
Turner, formerly connected with the
Anaconda Copper company. secured the
San Poll group under lenient option and
has since exposed large bodies OF milling
practice to the North Washington plant,
has been constructed and is ready for It's
initial run as soon as ore-oenVeTy ar
rangements have been perfected by the
Great Northern railroad, An innovation
in the shape of a Williams Hammer
Trommel mill has been introduced by the
Hammond Manufa cturing company, which
had the contract for construction and the
preliminary work OF the machine seems
to portend a revolution in the coarse
crushing equipment OF the camp. At
test made recently. 1000 pounds Of mine
run ore was put through In just two
minutes, feeding being done by hand. and
the engine not being speeded up to ca
pacity, at any. period during the test
of 125 tons in eight hours. or enough to
run the entire plant for twenty-four
hours. The discharge bars were spaced
at three-eighths Of an inch, but the
larger portion OF the materia Twas reduced
to fine mesh-sufficiently fine to make a
perfect product for the rolls. During de-
veopment the San Poll Consolidated
company has extracted $500 tons OF
smelling ore, which gave returns of $780,
511, or an average Of a little over SIS per
ton.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
NEW PROCESS I'd
A BEAVER i
Atlas Group Becomes
erty of Salt Lake 4
Park Capital.
ORE TESTS COMPL1
New Company Planns
Dry Concentrator u
Be Installed.

Considerable interest is ats..
the Mines Development orv>.
which Is composed OF rroun
known Salt Lake and Park cyt~
operators. and which organiza,lc
bond and lease for four wear.
from April I. 1912, on the Atlas
OF Beaver county, Utah. The ~
this organization was to find
proposition presenting a eerasx.
mage Of low-grade ore which
amenable TO the process invoIvn|
Kidder dry concentration maoh,|
the officials believe that they r.
the Ideal proposition In the Aflar
a deep shaft Is being driye5
group with evsr-increasine an
Indications, the property aired.
in developed form from i0.o60
tons of excellent milling grade !.
ore averages about 10 per a.
eight ounces silver and so cent
ton. and there are not less th4
places on the property showing
which have not been taken IL
slderation in reaching the TOM
mate owing to the lack Of doy|
effort at such spots.
In order 10 arrange the defn
concentrating plant with a ear
100 tons OF ore daily, an e.
series of mill tests were made
ore by j. w. Thompson, the NJ
Park City mill expert, and d.
proved that IS per cent OF the
about so per cent of the silver
rescued by the Kidder dry PROD
that ratio OF concentration Of 4
one could be made to obtaIn
suits. The chances are favorah
higher rate OF concentration WIf
actually In practice.
1t Is estimated, therefore. tho|
Grating 100-ton mill. twenty-/
OF concentrates daily would be D
the average value Of the produ(
be $3.50 per ton. This value "a
the company net on such product
OIL per month. The offciaig|
Mines Development intend TO Id
a company to absorb these ho|
the near future. and which v1||
lowed by the installation Of
centratlng plant mentioned,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
GOLD CHAIN CLOSES
A PROSPEROUS MONTH

The Eureka Reporter says that the
Gold Chain company will close the month
OF June with total production of fifty
cars of ore. which should place not less
than $4,000 In the treasury for the thirty
days OF operation. Mine conditions are
reported satisfactory
j. H McCrystal has closed a deal for
a twelve months lease on the Crown
Point gold and silver property, which Is
west OF the Gemini and will likely be
developed via the latter property.
It Will take six weeks yet for the Iron
Blossom company to complete tho in
stallation of the new hoisting machin-
cry.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
Camp Booms Again.

The Knob Hill Mining company is an
other concern that has met with success
since the revival began. Organized by
T. A. White and others closely Identified
with the agricultural development OF the
great Palouse country, II has, within
eighteen months, shipped 1894 tons of ore
OF total value of s277 6S6. or an average
OF s32.34 per ton Large bodies Of milling
ore are available. and for the present
fifty tons per day will be sent to the San
Poll mill, which lies about a quarter OF
mile to the south
Many other properties are prosecuting
development work and the payroll OF the
district for the month OF May reached
the respectable total OF 36A men, The
great need of the district at this time Is
cheap power, and this will shortly be
supplied by high power line connecting
the plant OF the West Kootenay Power
company at bennington Falls B. c. Mr.
Harper Is now In the cast closing the
financial arrangements. and Il Is expect
ed that when the power is available the
cost OF milling will be reduced by at least
81 per ton. Exact milling costs OF the
plants now In operation are not vet
available, but they are probably In the
vicinity OF SO. Former smelter rates
reached average OF around $40. Re-
public is now a prosperous and optimistic
community OF 1000 souls and not resi-
dence is vacant AS a result. a miniature
building boom Is In progress. Complete
demonstration OF milling success at rea-
sonable cost will doubtless inaugurate a
further material Increase In population
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
FEDERAL IS WELL
PROVIDED WITH CASH

. Earnings OF the Federal Mining 4
Smelling company for the third quarter,
ended el1s d. May. 81. of It's fiscal year totaled
$4,000 In excess of the Quarterly dIvi
dend at the rate OF s per cent per an
mum on the. preferred stock. and $1,000
IN excess Of the quarters dividend on
mum. hS' a't
Earnings. by months, for the quarter
were were as follows: March SIS. 900. April $685.,
ing was due to development work done
IN that month. and IN part to the low
price OF lead then prevailing. Earnings,
as inquired above. are based on an nv
erage lead price Of about 40 cents a
pound, the better earnings coming from
Improvement In the condition Of the
Lead IS now selling at about A cents
a pound so that Federal's last ana ~ az
should be much more satisfactory than
the one Just reported
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30

Convertible into Utah Copper stock.
AS can be seen by the table. there is
really only one OF the seven Issues which
is selling regardless OF the price of the
stock. Inspiration 6s at their present
price are selling 28 points above the con-
version equivalent This Issue has
fluctuated less than any OF the others.
and is now purchased purely as an ivest-
ment
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
Park City Ore Shipments.
Special To The Trihune.

Special 10 The Trlhune.
PARK CITY. June 2o.-The Park City
district ore shipments for the week end
Ing tonight amount to 3,812,000 pounds,
being divided among the principal mines
as follows: Daily West. 1.a12,0o0; Silver
King. 1.160.0 600. and DAILY Judge, $4,000.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
STOCKS, BONDS, GRAINS,
PROVISIONS, COTTON.
James A. Pollock & Co.

BANKERS AND BROKERS',
a3s.ss5 South Main Street (Feit BIdn.).
Salt Lake City.
Direct Private Wire TO ali Markets
Duplex System-One Relay TO New York
and Boston.
Correspond snts Members all Exchanges
Stocks Carried on Liberal Margins.
Specialists In Mountain States Tslephoos
and Telegraph
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
OPENING $4,000, 600 Project

Spanish Fork. July .. Special train
via Salt Lake Route. leaves Salt Lake
s a. M. Go help celebrate. Tickets
Commercial club and 169 South Main.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
Ore Shipments,

The Utah Ore Sampling company on
released five cars OF ore from
Utah and one car from Nevada camps.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30

New York Mining Stocks.
James A. Pollock & Co., bankers and
brokers. furnish tho following, received
over their private wire yesterday after
noon:
NEW YORK LISTED STOCKS
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
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, 1912-06-30
Metal Market.

The metal quotations for
posted by Mccormick e Co. Ter
lows: Silver. 61ic, lead, Asp;
S17.32s. ~
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
Ore and Bullion

OIe ana buIII0n,
Ihe ore and bullion report for satur-
Gay, given by Mccormick & Co., was as
foilows: Ore received. 100000: bullion
shipped, $4,000; total, s156.000
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30

Nevadas in San Francisco.
James A. Pollock g. Co, bankers and
brokers. furnish the following. received
over their private wire yesterday after
noon.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
Litigation Unlikely.

ID. c. Jackling, a director Of tho COM
pany. was seen by The Tribune and he
stated that there had been some ques-
ton raised In regard to one OF the veins
OF the property. but that there was little
likelihood OF the matter ever reaching
the litigation stage. The question. he
added involved merely a very small part
Of the resources now in developed form
and did not enter into anything of a
vital nature that could react to the
detriment of the Butte & Superior or
sanzation.
Just as the stock market has played
spectacular part on the eastern mar
kets during the past few months, SO has
the property Itself been one of the truly
remarkable propositions OF the Butte Sec
tion throughout the same period. The
mine was operated extensively In the
early days for its silver and gold values
and II was abandoned after the produc-
tion of a few millions of dollars worth
OF these metals
President Wolvin and associates gath
cred In the property several years ago
and operations were started In the ef-
fort TO develop a copper property out Of
the group. AS work proceeded IL be-
came more and more apparent that the
Butte & Superior would never Become
typical Butte red metal producer, but
that IL was being developed into a first
class zinc proposition, and Zinc was not
at all unweicome to Mr. Wolvin. who
had several years successful experience
In the lead and zinc fields OF the middle
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
JULY FOURTH RATES

Via Oregon Short Line. Tickets on
sale July 2, 3 and 4, limited to July 5.
City ticket office, Hotel Utah.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-30
CAUSE Of BUTTE
SUPERIOR DROP
Eastern Reports Say That
Apex Struggle May Be
Precipitated.
BUT HARDLY LIKELY
D. c. Jackling Says Only a
Small Portion of One
Vein Affected.

The halt called throughout the past
week In the remarkable market career
OF the Butte & Superior issue in the
east was an interesting topic OF discus
sion locally. for there are many in Salt
Lake who were fortunate enough to
climb aboard the market wagon early In
the year. riding with the movement OF
the stock from a few dollars to $50 per
snare. Several reports were sent out
accounting for the reaction In the stock.
one being that II was the natural con-
cluslon Of such n pronounced movement
these modest trading times, the temp
tatton to reap extraordinary profits be-
ing strong.
One report came over the wires towards
the last Of the week, however. that oc-
casioned some uneasiness locally, and
this was to the effect that there was
some apex dispute pending. and this had
made some shareholders not thoroughly
familiar with inside conditions nervous