davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
RUMOR OF
INCREASED DIVIDENDS

II has become quite the proper thing
these days OF Increased metal prices and
far more generous earnings than one
would Judge are indicated by the divi.
dend rate being paid. To predict that this
or that company will increase it's dfyi~
dend rate the last quarter Of 1912 One
company especially favored by such re-
ports Is the United Smelling, Refining &
Mining company, and II was said over
the wires yesterday that this company
would without much question slice of a
bit o! melon at the next meeting of d.
rectoTs.
The present dividend rate OF the United
states company is s13 cents a share on
the preferred, and 80 cents \ share ON
the common stock per quarter. while
earnings arc reported considerably in ox-
cess OF these requirements. leaving
enough I'm bank to keep the cash surplus
OF decidedly portly proportions. The
prophets who have prophesied for many
months in regard to this company and
dividends will eventually land right "
they keep II up.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
STRINGING BUCKETS
UPON ALTA TRAMWAY

The last bit OF cable splicing on the
Michgan-Utah tramway Will be comp
pleted today and the stringlng Of buckets
will DO fairly on the tapis early IN the
morning. II Is expected that the tuning
up process will be started on the ira mway
within d few days, and Superintendent
up process will he merely synonymous
With successful operation, and IL viii
not be long before the shortage OF ore
hauling teams at Alta will be heard
no longer. The towers OF this tram have
been so designed and constructed that
the management feels confident they will
Withstand the batterng OF snowsides.
giving yeSr-roupd usefulness for the
shippers OF Little Cottonwood for the
first time in history
Michigan-Utah officials feel highly
eIatcd over the progress of this tram
work. Their ore shipments have been
very much interfered with during the
summer By Lack OF teams. the teams not
even taking care Of the tonnage that
has been OF necessity extracted from day
to day, while the ore stacked in the
canyon. some 800 tons OF more. has not
been touched as a result. During the
past several days the management has
received settlement for two lots OF ore
consisting of ninety-three tons, for which
was earned smelter net. $50 per ton.
Other companies 10 feel the benefits
Immediately Of the tram are the Alta
Consolidated. Columbus Consolda ted and
South Hc"lA conpa ni"s. ali being In
shape 10 produce q liberal tonnsS 20 Of
crude orc and concentrates
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
Gum and Labartha Investigate,

A tunnel Was started lower down the
hin 20 tap the ore hody opened UP ir
tho shaft. distance Of about 1900 feet
from Str mouth. This tunnel was In
about s50 feet when the Gum Thompson
interests took hold. and ~ has been ex-
tended 10 feet since that time
For over seventy feet tho tunnel has
been in ore. bur Of too low grade to pay.
However. The showing in the tunnel and
on the surface Is sufficiently cncoura ging
that IL has been decided 10 put on churn
drills and prospect the ground to depth
of 500 feet or more. Owing to tho great
quantities OF water with which Peavinc
IL saturated. this IL the only way that
Tho country can be thoroughly prospected
10 a great depth at the minimum of ex.
pense
Jules Labsrthe. the prominent expert
who Is In active charge. OF the Mason
Valley mines and smelter for the Gum
Thompson people and recently Mr.. Gum
himself. made a personal examination oil
the ground and they agreed that the
showing warranted expendinG the neces-
ssry thousands for a thorough prospect
ing OF the ground. II was upon their
nersonal orders that the drills. which will
nc upon the ground Within a day or two.
were sent for.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
METAL ISSUES WERE
LEADERS SATURDAY

James A, Pollock e. CO.. bankers and
brokers, furnish the following. received
noon:
Paine. webber & Co. Boston: Anal
Snmated led the trade list today and in
siders are, talking much higher prices for
next week. Reports from North Butte
show rich strike In the Adirondack
claim and this brought In good buying.
The floating stock around this level seems
TO be pretty we'll cleaned UP and we ex-
pect to see it rally fast between S5 and
40. Butte &. Superior was accumuIa ted
all day by the locals who have been
prominent In financing the property.
Logan y, Bryan. New FORK; The buy
OF today's short session and accompany
ing the advancing tendencies In the same
was a continuance OF talk Of higher
metal prices and consequent larger prof
pected that the Copper Producers re-
port 10 be Issued next week will reveal
further shrinSsge In the surplus Of the
red metal. London sold stocks moder-
from this side 10 tho effect that the situ-
alton In Mexico was far from assuring,
but the above pressure did not exert a
material influence on the attitude of do
mestic interests.
The bank statement Issued after the
close revealed cash loss larger than
generally expected but the marked con-
traction In the loan and deposit accounts
was reflected In the actual exhibit by a
moderate reduction In the surplus re-
serve. whereas in some quarters II was
thought that the surplus reserve this
week would be wiped out. The point Is
made that the trust companies which are
now members OF the clearing house are
not legally required to keep a 81 per
cent reserve. but that the bank figures
are made upon basis of % per cent
requirements so that the surplus reserve,
While on its face Of small proportions is
nevertheless from legal standpoint
greater than ii appears. The Maine cleo
ton and the government crop report will
perhaps have the influence of forcing the
market al least for short period out of
the rut.
Hornblower letter. Boston: Coppers
were strong today and advances were
scored In many instances. The buying
con tinues good and further advances are
looked for next week
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
REPORT Of NEVADA
HILLS IS RECEIVED
July Operations Melted the
Company Over Sixty-four'
Thousand Dollars.

The monthly report OF the Nevada Hills
Mining company. covering operations In
July, has just been issued and shows
that highly satisfactory results are be-
Ing obtained in the mines and mill of
the company. Tho average value OF the
ore treated was s2S.44, slightly below
that Of the previous month. and tho total
production was approximately $3.50 tons,
OF gross value OF s1o7, 7,29S72- The per-
centage Of recovery wns 9l,2 or several
points better than in June.
Net profits for the month amounted TO
$64.S94.l0 One shipment OF hiEh-grade e
ore, less than seven tons, was valued at
1864 80 per ton and yielded net return
of SS951 OF almost sufficient to pay for
the entire months development work.
The property Is making an excellent
showing and new ore reserves are con .
stantly being placed In sight. II In not
q bic that milling costs have been reduced
TO $3.50 per ton. with a materially ad-
vabcsd rate Of recovery. Some OF the
items Of expense will be considerably
reduced as the business OF conducting the
property becomes further adjusted.
The report Of July operations followsi
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
SOUTH HECLA GETS
RETURN UPON CAR

The South Iiecla company on SATURDAY.
received check for S,65.sS which is The
smelter-net return on the Initial ship
ment OF ore 10 the local market THE
lot contained 4li tons, and 8ssayed q %
ounce gold. 22.o ounces silver 3ii pcr
cent copper. 4o.25 per cent insoluble and
15.55 per cent iron. having smcItcr-net
value or slS.3e per ton.
General Manager Watson stated vcs-
terdsy that more orc will bo shipped and
steadily from now on, for the manage
ment IL meeting With good success In
whipping tonnage into view. The Wine
has followed the ore for ITO feet. and
with better depth the ore in widening
while the values. especially copper In
crease. The first shipment above non
toned came from the top OF tho body
and better values are to be c,cpoct cd
when the body itsel affords the material
for market
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
BRIEF NOTES FROM
THE TlNTlC MINES

From the Eureka Reporter arc culled
the following interesting news items:
II took seventeen days for the Eagle
4 Blue Bell management TO raise from
the 1880 lsvel 10 connections with the ore
opened heretofore by means OF Wines
from the 1000.
During August the opohongo shipped
tventy-four cars OF ore. the frst class
material carrying from 4 TO - per cent
copper All above the 700 level the ores
are in generous profusion.
Ahou, fourteen cars week are being
Snlppen oY Ihe yrano ccntraI company
The drift continues In good looking
ground on the 230o-foot level but tho
shipping =rsdo at that depth has not
bern encountered yet
Lcssers at the Victor property viii
make n shipment soon Of orc that Is OK
pscted TO run Il 70 i3 per cent copper.
with some silver.
Tho Uncle Sam and Yankee arc well
provided with shipping grade zinc ore.
but tho freight rate question Is still un-
decided.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
MORNING SALES

MORNING; SALES.
Beck Tunnel. 1900 at i0c: 1000 AZ 1osc
buyer sixty days
Cedar TIA lisman. 1000 at DC
Iron Blossom. 100 at 81 22s
Lower Mammoth. 1000 at 6sc: 5000 a,
&c.
Mountain Lake. 1000 AT &c.
Utah Consolidated. 500 at &c.
OPEN BOARD.
Cedar Talisman. 1000 at &c; 1000 ,t fc
Lower Mammoth. 1000 at &C.
May Day. $50 at lfAc; so at i5c.
Opohongo. 1000 at l2c
Prince Consolidated. 100 at Sl.Is;.
TOTALS.
Regular. 1890 shares for s2sl0.
Open, 500 shares for S2ISt. rs
Total. 20.32n shares for Stae1 g
WEEKS TOTALS.
-oo.sfs shares for S5s.525gt
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
STOCKS HELD WELL
DURING HALF SESSION

While there was little or no excite
nent Saturday morning on exchange. II
was encouraging to see that prices held
we'll and that Iron Blossom regained
little Of the strength that was lost
during Fridays trading. With the price
at unpreced ented rates, Il would seem
as II stock prices would reach above the
present starvation range Everything
certainly favors better business market
wise.
Sales Yesterday were for 2o,320 shares
of stock, the market value of which was
Siae4o5 bringing the weeks total TO
COOS shares the value OF which was
s3s.325.o4 The following were the clos
ing transactions:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
INVENTOR KARNS is
HONORED WITH MEDAL.

President Belcher OF The Karr,s 1'un-
nelin- Machine company stated on sat
urday That J. T. Karns. the inventor of
the tunnsliuS machine that bears his
name. has been signaily honorcd by tho
Bsnjamin Franklin Institute OF Phllsdel
phia. hy being given the Edward Long
-tsth medal. THIS ~ In recocnition Of
his tnnucllns machine. and IL IL consid :
cred deserved tribute 10 IN. inventor.
whose home Is IN Colorado
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
BUTTE ENJOYS GREAT
PROSPERITY TO-DAY

In remarkable contrast to the depressed
condition Of the Butte camr following tn.
copper curtailuent policy. Is tho condI-
dition today tho result Of increa > cd
copper metal value and the discovery OF
the zinc possibilities of properties hero
foforc neglected I, has been estimated
that millions q! new capital have been
poured into Butte during the past six
months. money 70 purchase ciaiu1E and
10 develop them.
= witness 10 this splendid esa OF pros
rHrity aud new interest . John T.
Covan. tho weli-knovn Salt Lake mine
operator. VINO stated yesterday that the
Butte camp is enjoying q tremendous
prosperity. Mr. Cowan said that IL ~
not unusual 10 sec hungry men stand =
'nS IN hne waiting for their turn Al In.
restaurant tsnlfs. and naturally all lines
~ business arc rejecting the improved
condition. y
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
Booming Is Lost Art.

Booming mining amps has been a
very hazardous undertaking In recent
years. Porcupine was An attractive
subject, New York being the beadquar- r
tors OF promotion endeavor, One sell
dom hears of Porcuptne today and the
Ia st that was said WAS 10 the effect that
some OF the new mills there just recent
iy placed into service would have TO be
remodeled,
High Grade was doomed to the skies
by Colorado interests, but this camp has
received such a searching iuvcstiga ton
that the noise has just about. subsidized.
High Grade promises TO be a gold mill
ing camp. but not the sort its name
might imply. camp worth developing,
but not one. entirely available for im~
mediate stock selling purposes.
1t seems that the country is still en-
gagged in diEesting some of the stories
and certificates born In such profusion
during the Nevada boom that followed
the Gold6eld excitement. Some states
have passed blue sky" laws, laws which
average mining promotion 10 permit the
promoter 10 annex any worth while por-
tion OF the loose change in such COM
monwealths,
There was a time when specimens Of
high grade gold ore aud stories OF enor-
nous surface deposits OF enormously
rich rock were the tools piled success
fully by the promoter. To buy group
of claims on time for few thousand
dollars, capitalize a company for
million shares and sell the whole Issue
for any price from 81 share on down
TO the receptive public within a. week
or two. once was a process so usual that
Il became quite the fad, and the man
without something to promote was tho
exception, Those were fine days for all
question In regard to the identity of the
porsoDs who are still holding the sack,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
Chances Must Be Good.

OF course the above facts do not prove
that 4 paving mine has been found in
Ecno's back yard. but when such compe-
tent mining men As Jules Labarths and
George Gunu are willing 70 spend a for
tune 10 test the ground. II II fair To
assunc that the chances for a mine are
good.
Tho orc is Of chsra cter greatly de-
sired by smclters, and the values do not
have TO go very high 10 have mine pay.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
Gar High. Grade Ready.

Tho Incline should be 4 coruI,
unit within very short time, and
company will then be in shape 10
duce its ore for the local smeJlsfs
highly satisfactory manner. Mr. 4
stated In his message yesterday tha
car OF very high grade copper on
ready for the market. this beinE
product OF sinking as above msufIc:
"One cannot say that the Homs
is a mine today" said Mr. Godbs'
he displayed the message Saturday,'
takes drifts and crosscuts to bloch
known topnages before properly
rights arrives at the mine point,
never in my experience have sesl
proposition open so quickly and
splendidly as this Home Run, aud q
is no question whatev that II fae|
approaching the point where II can
called a mine. and no little one Ed
With the incline through 20 the
face we will be In the frst real pod
to do work quickly and economjo
and il Is the plan to open the prdp!
with the least possible delay conEn
With good mining j
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
STOCKS OF COPPER
ABROAD STILL LOW
Slight Increase Is Noted Dur
ing August as Exports
Are Larger.

Although the exports OF copper dur
Ing the month of August. exclusive OF
the southern and Pacific ports, exceeded
those OF July by very nearly 100000
pounds. the foreign visible copper sup
plies Increased only 1,422,ioo pounds dur
Ing the month. while these supplies were
reduced by s74.40O pounds during the
latter half OF the month, The London
Fortnightly statistics In pounds for over
two wears past follow.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
Filled With Good Ore,

This new cave occurs doeper tAs
first three. and Mr.. Pitts. cav. i
large one and. as In the casa AZ J,
previously discovered. II Is f1sS
ore of shipping grade and OF shcv,
character. This discovery il ~
simply another item Of poAitiys h
that the property Is heinE shans4 I
one OF the star aJtra ctions OF Ns n
district, for il widens the knovS
area splendidly,
Until the management gete ths !
to the surface. thereby comnisiInv
incline from the surface to tina 4.
est work on ore, no earnest effors
be applied 10 drifting on ore alons
trend Of the resource, but whsp
raise Is completed DO time Will Ia
In establishing regular levels ana
ing after the ores In both ,dirNt|
along their strike. The extent Al
ore Is not known at any point. tbs|
cline has simply followed The cvs
depth. apparently In the center.
ore making out In all directions bss
the limits of any drifting or cros,'
ting that has heen done IN daia 4
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
Faded Into the Mass.

The promoter is fast disappea ring
from our midst, II he is not altogether
gone. Some undoubtedly have gone To
work AT something, not a great many
is no known colony of former devotees
20 the profession It is very likely that
he has simply faded into tho mass. that
peace but II he has not been too un-
reasonably eItravagaut he should still
be rather well provided with funds. as
IT ia figured that he cleaned an amount
that runs into the hundreds OF millions
while the cleaning was good.
Old fashioned things seem moving
away one by one.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
Group Is Acquired.

once or twice during the past year
Jack Welsh, who is in the field for the
Gum Thompson interests. has taken 4
lsstv survey OF the country around Reno
aud PoeNills. and was favorshly impressed
with lie mineral possibilities. Welsh Is
ihc Iuan who took charge OF the Mason
NslleN mine when IL was q prospect and
turned IL over Ia his successor a full
ficdzcd mine, ready TO psy dividends foc
Ncsrs 10 its owners. lie knows some
Thing about mining.
Two months ago Mr.. Welsh took over
The nine patented claims OF tho Nevada
Central company on bond and lease and
mas had force of men quietly at work
since that time. This property is on the
south slope Of Pcsvine mountain, about
five milcs northwest uf the business CEN
ter of Reno
shaft had bc,u sunk on the Nevada
Central to a depth of about l15 feet. but
AZ this point the water. which is the
hane Il mining on Pcavine. come in too
strong and tho working Was abandoned.
In this shaft = body of ore. five feet in
width. was cnt a; depth Of sixty feet,
and nn analysis shows that this ore runs
i3 per cent Iron, 50 per cent sulphur. no
zinc. no arsenic and $3.50 In gold. This
ore was not analyzed for copper. but the
copper shows all the way down In the
shaft.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08

Copper exports for August, exclusive or
southern and Pacific ports amounted TO
1885 tons, against ~, S93 tons in the corr
responding period last year an Increase
OF 1888 tons.
\ comparative table, In tons, for a
number OF wears follows.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
GUN|V-T THOMPSON
At PEAV|NE HILL
Nevada Central Patented
Group Acquired by Well
Known Interests.
WILL USE CHURN DRILL
George Gum. Jules Labarthe
and Jack Welsh Have.
Seen the Property.
Special 10 The Tribune.

Special 10 The Tribune.
RENO. New, Sept. 7.-Peavino noun
tain is at last to DC prospccted-intetli-
gently prosnectcd-to a considerable
depth At different times during the last
hfty or sixty years there has been moro
OF less mining on old Peavine, and the
total amount spent on this work VIII
probably aggregate at least 100000. Much
Of the work has been done BY men who
had little or no knowledge OF mining,
some has been done by men who knew
how TO mine but who did not have enough
money Ia sive the ground a fair test,
and moro has been done by men who had
knowledge and money. but no nerve.
ut last work has been begun by an out
ft tina; has the mining knowledge, some
millions In money. and the necessary
amount of nerve. The concern referred
Ia H. the Thompson company
which owns control OF the Mason Valley
mines. the smoltcr at Thompson the In
spiration mines I'm Arizona, as we'll az
other good properties. They specialize in
coppers, out are always ready 10 take
over any good mine.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
HOME RUN DR|VES|
INTO FOURTH CA
Another Deposit of Rich a
per and Silver Ore Found
on Friday. y
BIG MINE is ASSJlpr
Property Opening Quickly
Coveted Position Amonr
Producers.
BIG MINE is ASSURE

The officials OF the Home p,s
per company no sooner determine !.
doing considerable amount az n.
exploration within the copper ana
yer ores Of. as yet, unknown cr,.
when something happens Ia y,dsn
scope OF their endeavors. Fortur..
however. this something always 4
a favorable nature. and another i,
thing developed Friday In tho sA,n.
another cave. the fourth. word az :,
was contained In a MESSAGE n -
dent M. c. Godbe from GcnsraI y
aScr w III PifiE
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08

Nevadas In San Francisco.
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, 1912-09-08
Ore Shipments.

The Utah Ore Ssmpl!ng COMPANY on
Saturday released cars OF ore from Utah
and cars from Nevada camps.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
Ore and Bullion

The orc and bullion report for Sstur-
daY. given by Mccormick & Co. was a.
follows. orc received. Slss 900.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
Metal Market

TIL" metal quotations for S.tcr,!av.
poFteJ De-, NcCoruick & Co. were a. foi
,ogs. SILVER. s-sc. lead. N'l; copper.
-,s.si-
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
CHANGES IN THE
REALM Of MINES
Promoter and Prospector Are
Together Fading From
the Scene.
PROFESSIONS OBSOLETE
Booming of Camps or Groups
of Claims Is Mighty Diff
ficult Task.

Talking about prospecting becoming a
lost art, with the hills absolutely barren
OF this hardly pioneer and surface
soratcher after precious metals. how
about the old fashioned promoter who
once fourished from New York to san
Francisco?
These are indeed parlous times for the
promoter Of mining enterprises, His
profession is very nearly obsolete. He
has had precious little chance
TO prosper during the past four or Ave
years, and he has even had to keep
hands of while copper has climbed TO
IS cents from IL. This certainly Is a
for such an advance in the red metal,
and the admitted scarcity of copper
properties of merit, should have opened
the doors for all klnds OF promotions.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
New York Mining Stocks

James A, Pollock & Co, bankers and
brokers. furnish the following, received
over their private wire yesterday after
noon
NEW YORK LISTED STOCKS
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
Boston Mining Stocks,

James A, Pollock 4 Co. bankers and
brokers, furnish the following, received
over their private wire yesterday after
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
NEW YORK CURB CLOSE.
BETTER PRINTING

Tban we do can't he done Century
Printing Co.. 65-57 Postohics place
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-08
BOSTON COPPER RANGE.

Sales.l VI. IL. else