davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
LOST PACKER HOLDS
ANNUAL ON MONDAY
Company Confines It's En-
ergies Upon Opening Mine
at Depth in Year.

The annual stockholders meeting OF
the Lost Packer Mining company was
held in this city Monday afternoon. aud
The same board OF directors was chosen
that handled the affairs OF the orcani-
cation during the year just closed These
directors arc; James 1ye,s, J. +. Finlan,
Henry Walsh. j. Frank Judge and Henry
4. Mccormick.
The REPORTS submitted at the meeting
showed that the past year was one Of
extensive Development work which. with
citN. made II Inad, isable To operate the
smolter during the 1912 season. Tho Lost
Packer can operate the smcltcr for only
portion OF the year owing To weather
conditions. Tile development work ac-
complished made it inevitably the con-
senses OF opinion among stockholders and
OFFICIALS attending the meeting yesterday
tii"t tue smelling season OF 1919 would
DO highly successful one and profits
TO ena bic the board 20 declare q divi-
dend OF substantial proportions before
the close of the new iiscal year
Work has been centcrcd largely on
the tenth level where n large dixie cut
on the ore. The search for the ore
haS been carried forward with every
uIlScnce. and the face on the tenth level
is no" extremely encouraging The re-
ports showed that there is approximately
form, and this tonnage should be ma
terially increased during the work OF the
winter
The company will have the usual re-
ports printed and forwarded TO all the
sharcGolders al an cHrly date.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
Old Fields Diminish.

In ONO and Indiana the yield has d.
minlshed so rapidly as Co stop tho Invest
ment of the further capital necessary 10
increase production. one important fea
iurc bearing on the production OF natural
gas during 1911 wds the excessive demand
Tor II IN Kansas City. Mo. This caused q
board OF public utilities to create n com
mission headed by Erasmus Haworth.
state geologist Of kdnss e, to Investigate
the proba bic dUra ton of the supply OF gas
to Kansas City. In his report Mr.. tia-
worth expresses The opinion that a sup
ply of natural gas sufficient for the needs
of the city Is not possible for longer fhan
three or four years.
PENNSYLVANIA was the gTea test oou-
sumer Of natural gas I'm 1871, with an
output OF l5fiI5.GiG. 900 cubic feet; Ohio
was second With liz 2.l@3. 900 cubic
feet. West Virginia was third. With SO,-
S6S,64S.0 900 cubic feet: and Kansas fourth
with 1851. $4,000 cubic feet The Kan
sas hgurc includes gas plped from Kan
s5s and consumed in Missouri, also gas
plpcd from Oklahoma into Kansas and
Missouri In 1911 Pennsylvania used l03,-
2"1 $50. 900 cubic feet for manufacturing
and 10.221, l53 900 cubic feet for other in
dustral purposes--powcr, etc. West Nlr-
glnia used 5O130. .0i6OO0 cubic feet for
manufacturing and 1855. .2TS.0O0 cubic
feet for other industrial purposes. Kan
used $3.50 .i1I,N 900 and $500, 655. 600
cubic feet for manufacturing and other
industrial purposes. respectively.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
What Strike Means.

The real value OF the strike IL ap7ar-
Ont 10 anyone at all familiar with the
district. as ~ means an extension OF
the minerall3ed and proven zone FOR
distance OF anywhere from 500 10 1000
feet with possibilities OF even greater
area. When Manager Brady undertook
10 sink deep shaft something over NJ
teen months ago the wise ones took the
hint and began buying as they felt con-
fident that Brady, with his knowledge
OF the underground workings OF the Bel
mont. could not make a mistake In his
location.
The work or sinking was prosecGted
with the utmost diligence and all records
for a three compartment shaft We're bro
ken when 1900 feet was reached and
the company began cutting station
preparatory 10 drifting 10 catch the Bel
mont vein. This has been In progress for
sixty days. but sc was figured that the
best values would not be reached be-
fore the first Of October That tho con-
Tictions or the management would be
sustained by Developments no one doubt
ed and IL was universally conceded that
the problem would be solved very salts
IN Ctorily in course OF time
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
Discovery Stirs Up Tonopah
Camp as Nothing Has in
Long Time.
GOOD DEPTH IS HAD
Extends Known Mineral Area
Splendidly and Will Cause
Wider Operations.


The way In which the Halifax Tonopah
discovery last week electrified the dis
trict is shown by the Tonopah Bonanza
OF Friday. Details of the strike on Fri
day were difficult 10 obtain at Tonopah
owing TO the absence Of General Mana
ger Brady from the camp. The Bonanza
has the following to say in part:
On the 1i00-foot level there is a good
grade of quartz which Is better than a
good milling grade and which is rumored
comes closely to high grade. with the
walls well defined, This was entered
on the contact between the early andes,s
and rhyolte. The shaft Is situated $40
feet east Of the Belmont line and close
TO the Mizpah Extension. on the 1900
crosscut was run due north and then
a Drift was started at Il distance OF $50
feet from the shaft In this drlft about
eighty feet from the crosscut four TO
five feet Of ore WAS eDcounte cred. a
round OF shots Will be fred into the body
Of quartz this evening and with the re-
turn Of the general manager, tho public
VIII be informed OF the exact nature of
the fnd. The strike is 800 feet from the
BaltuOut line
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
CLIFF CLOSES BEST
MONTH IN HISTORY
Thirty Cars Fluxing Rock
Marketed by Company in
September.

General Manager Grant Snyder, OF the
Clff Mining company at Opntr, has re-
turned from one Of his regular visits uf
inspection 10 the mine, and he announces
that the month Of September was The
best month for this organization In its
long and honorable history. Thirty cars
OF ore were set TO the local smctcrs
during September, this record being pos
sible by two very timely factors. namely
the generous. extent Of tho resources ana
the fact that the management had The
advantage or the railroad line instead
of being forced TO use teams. ~ has
been the custom prior to the "aiirUad
The Clin ores carry values ia lead and
silver, and September metal prices were
very gratifying. The ores are (uNinS
In character. and the company thereby
Secures smeting charges tiaaj arc very
Ii is doubtful IL better
nuXing rock reaches the Salt Lake smell
ters than the Cliff tonnage Mr.. snyder
reports the mine in tiptop condition
From the looks OF the mill at the Ophir
Iill property al Ophir. the property Of
former Senator w A, Clark of Monta ma,
the plant should be in shape for opera
tions within a very short time. This
plant has been remodeled and doubled
in capacity by the Clark interests, and
when the mill is operating II will do
great deal towards putting the Ophir
district back on the list OF Ctahs large
ore producers.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
LONG SIDE MARKET
NOT YET ATTRACTIVE

James A. Pollock & Co. bankers and
brokers. furnish the following. received
over their private wire yesterday after
noon.
Paine, webber & Co, Bostou.--The
notable feature of the local market to-
day was the small amount OF Liquidation
in the face OF the sharp break IN Lonaon
quotations for both stocks and metal A
few hundred shares OF North Butte wcre
pressed for sale at the opening, but after
the opening the offerings were small and
the close was within one-quarter OF a
point OF Friday. The demand for East
l.utte was good all day and 81 showed an
advance OF one quarter OF 2 point over
the close of lest week. All classes OF
coppers were well taken and the buying
showed the strong position Of the mar
kct The war trouble should soon be
over and both markets Will do better.
Logan & Bryan, New York.-It In per-
laps fortunate that the stock exchanges
Of this country were not open on Satur-
day, as the occurrences in Europe and
The excitement and weakness shown on
foreign bourses, coming as they did over
night. would probably have caught this
market unprepaTed and a nasty break
might have taken place here. With our
exchanges closed. the cables were kept
busy, as they were again since Sunday.
with buying orders from this side which,
with the support given by some OF the
largest financial institutions abroad. had
much to do with preventing further
collapse. BEFORE our opening, es wired
YOU early, the effect OF such buying, ac-
compa MED by supporting orders. might
prevent a further decline in American
stocks.
The first good news received war the
report OF an amicable settlement between
Italy and Turkey. All eyes were still on
Europe, and II must not be forgotten
that although the Ita Han Turkish dispute
seems ended, the Balkan affair is still a
serious matter. and until IT Is completely
nut away. and no friction forced upon
other foreign countries interested In that
territory, the market on this alone will
continue 70 be nervous and unsettled
And then again, from cables received to-
day 1t would seem as n IL would be nee
rssary for the Bank Of England TO IN
crease Its Interest rate ueSt Thursday.
With this acute European situation in
addition TO what We have called atten-
ton to before, the period OF uncertainty
as TO political results is still before MS
II 1s true We have strong Foundation
Tor better things IN our own enormous
crops. and on the same investors have
been buyers, but We cannot at this time
enthuse and advise taking a strong stand
on the buying eide until these matters
we have referred 10 repeatedly In the
past ten days arc out Of the way
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
Brady Congratulated.

The opening OF the orc BODY IS an
other feather in the CAP OF Manager
Bra dy, whose name has been identified
with more successes In Tonopah than
any other manager.
II ia not singular that he should come
In for such distinction as he has the
record of Il man without n failure and
therefore has the confidence Of the pub
lie as we'll ss that OF his principals.
This strike hoing within $50 feet Of
the Belmont ground. means that tho
Halifax. 10 the other side. that is. TO
the cast. has 252o feet along the trend
before the end lines OF tho Halifax are
gained, the property showing IN all 5000
feet along the trend cast and west
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
Ma TURAL GAS YIELD
IS WORTH MILLIONS
Quantity Decreased in Past
Year, but Value Was Much
Greater.

SeVenty-four million dollars was the
value OF the natural gas produced in this
country. for 1911. While there was a de-
crease in quantity from The output OF
1910, the ieurcs tcr the two years hcIng
o0s, lo5, ,30e 600 and sos. .3J3,2 900 cubic
feet the value of the production i'm 1871
was nearly $4,000. 900 greater than that
OF 1910. II gain Of j.7G per cent. The
increase In demand for natural gas from
consumers Of all kinds, according To- ua-
Nid =. Day OF the United states gculo gi-
cal survey. i'm a report on the production
OF natural gas in 1911. just published nv
the survey. makes the supply OF gas a
natter OF growing seriousness.
Beyond question the natural gas that
can be furnished in many Of the ticlds
of tho United States Is simply n runc-
ton Of the capital invested i'm natural gas
lines, and especially in power plants for
pumping the gas. But the safety OF such
large investments decreases I'm proportion
as the uusaiisiled demand becomes lndi =
callEe Of a fuiliDr EupplV
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
TWENTY FEET RED
METAL ROCK CUT
George E. Gum PronounceS
the Malachite Strike of
Great Importance.
ORE is HIGH GRADE
Mason Valley Custom Smell
ter Gains New Customer
by Recent Agreement.
ORE is HIGH GRADE

Confirmation OF the fact that the YER
ington Malachite Copper company In
the Mason, Nevada. mining district has
made discovery of splendid Importance
via the No. tunnel level of the Mason
Valley property. was brought to Salt
Lake yesterday by George e, Gum. who
has been spending week at Mason
and that vicinity. AT the time OF his
visit to the Malachite the management
had sent q crosscut twenty feet into I
per cent copper ore. this being high
grade copper rock for that district.
1.-THE strike is exceedingly fine" said
Mr. Gum to The Tribune, and means
a great deal for the Malachtte company
The fact of the crosscut after proceed
ing for twenty feet in 1 per cent ore was
not say whether or not the opposite wall
has as yet been gained
Mr.. Gum is a. director Of the Mason
Valley company between (which organi-
cation and the Yerington Malachite ofti-
cials an agreement WAS reached several
weeks ago for working Via the Mason
Valley into the AIalachite adjoining. TINS
working agreement shows the advantage
OF the neghboring relations that have
existed between the two organizations.
the Malactbte securing deep entry
TO It's resources with the least eNpendl-
ture of money, and tho und foreground work
OF the Mason Valley TO guide the man
esement in It's own work while the Ma
son Valley company secures this orc i'm
mediately by way OF its own Workings
for its custom copper smelter near at
hand This smeltcr, by the way, is Civ
Ing ideal service, the one furnace now
in cperation handling from $50 to 1000
tons OF copper ore daily.
TIA experience gained by the Alala-
chltc company on the No. s. tunnel level
will be very timely and valuable when
81 comes to developing the same ore on
lilo succeeding levels as better depth is
gained The body has so many ear
marks OF pe7nanency that the manage.
mcnt entertalas no doubt whatever OF
finding the ore as faithful as II goes
down as the Mason VALLEY adjoining,
and the Malachit looks like it will he
= very valuable customer FOR the smell
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
$4,000 Wells.

on December 81. 1911. there were TO-
500 productive wells in Pennsylvania iI55
in West Virginia, All in Ohio, 1888 IN In
diana and zoos iu Kansas. The total num-
her OF productive wells I'm the United
States on that date was cS.+2s.
During the last three years the sepa-
ration of the more vlos tile grades OF gas
olins from natural gas issuing from oil
wells has become n profitable industry
of increasing Importance. The industry
did not progress as rapidly IN 1911 as was
expected. Undoubtedly II will eventually
become e. settled and 5ourrshing bust
ness, for millions Of cubic feet OF gas that
Is now wasted ON leases might be con"
verted into gasoline. should the demand
and price warrant Il. Tho United states
geological survey last year attempted TO
compile figures of production OF gasoline
from natural gas, but many plants were
operated intcrmittentlv and no records
were kept OF tho output. sta temeuts from
such producers could only be estimated.
However crude the method Of manutac-
ture. n report OF the quantity of gasoline
produced shows an output IN lHll OF l.
4e5. .S3a gallons. with an estimated value
OF S531,70i.
4 copy or the report may he obtained
free OH application 20 the director OF the
geological survey, Washington, ID. I.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
NORTH BUTTE FIND
WILL HELP EARNINGS

While the recent important develop
menis 4; the North Bu;rc propcrtv la 81
month IN the Adirondack vein. followed
only q few days ago hv tho eytrcnel,;
rich orc body intersected in the Gem vein
haNe been attracting a great deal of at
tention and Justly so. as they arc of far
reaching Importance, another side of the
North Butte property must NOT bs lost
slght OF. say Thompson, Towle &, Co.
We arc in receipt OF Information which
would Lead MS TO believe that n large re-
ducilon mas been made in the cost OF pro-
ducins copper at the North Butte DroD-
ertN. and that earnings are far great er
than generally supposed Based on the
information which wc have, II would nor
he surprising If North Butte's costs at
the present time were as low as cents
per pound. which is X cents below that
OF 1911. We believe that while this cost
is made possible TO some extent by the
higher copper contents OF the North
Butte ores, tho principal rca son NAV be
attributed to the high silver values which
is brought up by Jhc ores from the North
vein which are very high in this metal.
North Butte is now turning out between
> 100000 and 2.225. 900 pounds Of copper
per month. which would Indicate that the
property is now earning. az present metal
prices. slightly over 100000 per month
or at the rate OF s2.500.000 per sunum on
the compsnys 10000 shares outsts nding
this means earnings OF approximately ss
per share.
With North Rutte's cost reduced TO
aroupd cents per pound, the property is
once more approaching the excellent cost
record which WAS made several wears ago
when the bonanza ore bodies In the Edith
May and Jessie veins We're extracted, and
when the company experienced such pros
perity.
now being obtained, thc present earnings
the large number OF North Butte veins
now being opened and the new and rich
ore bodies recently discovered, which are
the most important Developments that
have taken place in years. and which
promise TO add largely 70 North Butte's
production and earnings. the exceedingly
strong position OF North Butte VIII be
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
BUCKLEY MINE HAS
EXCELLENT SHOWING

Further developments on the Buckley
mine now show the rich orc on the hang
ing wall TO be four feet In width, with
chalcopyrite In abundance. Late returns
rfye -old and silver values as follows:
Gold. o0.56 ounces. silver lo.25 ounces,
value St17 per ton. The balance OF the
vein is \ quartz genGue. varying in value
from $3.50 TO SIS per ton This is a con
ccntrating product The full width has
not been determined az rhe iootwall has
not been reached,
The above orc was found on tho 100
foot level and Is in virgin ground. \ cnute
ie balnp built 10 facilitate stopping. which
viii be done by machines.--GiIpin OBJ
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
Very Rich Product.

Reliable reports say the lower strike
shows $50 ounces OF silver and 500 in
gold. The sharp advance of the openiag
Is aEcribed 10 heavy ahort interests hold
In san Francisco and the frantic uuN-
lety of brokers TO cover.
Halifax closed last night al 3l.80 asked
and West End stood at $l.6Il9$t.iO with
out sales OF the former and only 100
shares or tho latter traded In.
The news was kept quiet ycgtcrda g
afternoon. but the story leaked out
through miners coming off the dav shift
who reported what they know without
being able To give any positive idea Of
values Tho report injected new llfe
into tho market which has been tagging
e few days since the discovery OF bo-
uanIa ore In the North Star and need ed
f-e.h stimMlma 90 hecaL hMslness
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
CUBA TEAMS RESUME
HAULING THE ORE

Word from the Cuba property ot White
Pine county. Nevada. Monday was that
three teams had resumed hauling ore
from the property to tho railroad tre cks,
q nd another car OF very high grade lead
and silver orc VIII be sent 70 the Salt
Lake smclters as soon as possible. The
ma ma cement is wording in face Of rich
lead ore four feet In width, and The
property shows every carmark OF contin-
ulng Its splendid record
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
NEW DIRECTOR FOR
ALTA CONSOLIDATED

At meeting Of the Alta Consolidated
directors Monday afternoon, Val 5. Snow
resigned as director and NJ j. DALEY
was elected TO succeed him. Mr.. DALEY
also VIII serve the company consult
ing engineer This is tho second recent
change In the officials OF this company.
h. A. Culbcrtson recently was made
treasurer. These changes are due to the
sale of very substantial purchase OF re-
cent date OF treasury stock, bringing in
some new interests
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
SALES ARE REDUCED,
BUT PRICES HOLDING

Although sales on the local exchange
were somewhat reduced Monday. the
average range OF the issues dealt In re-
mained very firm. and 1t proved to he as
satisfa ctory a day ot trading rs could
hove been expected. The sales for the
day reached a total Of 3l,655 shares Of
stock, the market value being s6iIl so
Thompson Quincy sold at % cents A
share, the only sale among the unlisted
division.
The following We're the closing transac-
tions,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15

FORENOON SALES.
Iron BLOSSOM, 1000 at S1.20.
Phoebe Demiohn, 1000 at 2tc
Phoebe Met. 920 AT &c.
Union Chief. 1000 at 32c.
Shares sold 1920
Selling value, $4,000.
OPEN BOARD.
Iron Blossom, 500 at sI.22l
Piochc Metals. 5000 ut &c.
Swansea. 500 at 4tc,
Union Chief. 900 at 9lc: 1000 at l0'
,uyer sixty DAYS.
United Tlutic, 1000 at Ic
Utah Consolidated. 500 at &c.
Shares sold, 800.
Selling value. S1aJo.
AFTERNOON SALES.
iron Blossom, GOO at s1225
Ohio Copper. 800 AZ gI.15
Prince Consolidated. 200 at s1.I7i
Tlntic Central. al5 at 1c.
United 'Pintic, 200U at 1c
Union Chief, 1000 at &C.
Sharea sold, s215.
Selling value. s2l14l5
OPEN BOARD
Cedar Talsman. 1000 at 1ac.
Crown Point, 1000 at &C.
Iron Blossom. 500 at 3l.a2l.
Opohongo, 800 at 13c.
Pfoche Met. 5000 at 2lc.
Tiniic Central. 500 at I3c
Union Chief. 500 At Sac.
Victoria Consolidated. 800 at SIC.
Shares sold, lJ.200.
Selling value, Sl306.75.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
Ore and Bullion.

Tn. ore and bullion report for Mon
dav. given by Mccormick & Co. was as
follows: Ore received, $4,000; bullion
shipped $4,000: total. $4,000
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
Metal Market.

The metal quotations for Monday,
posted bv Mccormick e. Co. were as
follows. Silver. G3Sc; lead. $50; copper.
Si7 oIi
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
Los ANGELES EXCURSION

Tickets on sale October 10. via Salt
Lake Route Round trip $1,000. Tick.
els and reservations, l69 South Main
(AdyertllulncnD
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
Nevadas in San Francisco.

James A. Pollock & Co, bankers and
brokers. S33-335 South Main street. fur
nish tho following. received over their
private wirc Yesterday afternoon;
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15

Polsons accumulate GIN the system
when the kidneys are sluggish-bl0tche
and bad compleIion resuIt-take
Hood S Sarsaparilla. advertisements
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
San Francisco OIL.

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, 1912-10-15
ONE GOOD JOB BRINGS TWO.

grow. Century Printing Co. 55.57 Post.
Sffice place. advertisement
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
Ore Shipments.

The Utah Ore Sampling company on
Monday released nine cars OF ore from
Utah and one car from Nevada camps.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15
Boston Mining Stocks.

James A. Pollock e Co. bankers and
brokers. furnish the following. received
over their private wire yesterday after
noon:
B0STON C0PPTR RANGT
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-15

New York Mining Stocks.
James 4. Pollock e 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, 1912-10-15

UNLISTED STOCKS.