davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
BLACK JACK BREAKS
ORE FOR MARKET
Shipments From First Level
Certain When Contract
Can Be Secured.

When seen on Tuesday and asked re
Garding the Black Jack conditions at
Tinuc, proposition which has been in
the limeligh; for a day or two. Presi-
dent Jesse Knight stated that the work
so far done In the old star Consolidated
territory had resulted in the discovery
OF a cave on the 800 foot level. but no
ore In this had been reported from the
Superintendent. The existence OF the
cave In Itself is favorable indication.
Mr.. Knight stated also that In some
OF the old slopes OH the foot level II
has been known for a long time there
was some ore OF a fair enough value for
shipment should a contract bc secured
with the smelters. The Black Jack com
pany is now engaged In breaking down
this crc and II will be sent TO market
Just as soon as a contract can he made
But Mr.. Knight wanted IL to be under
stool that this loo level is net newly
found.
The directors OF the Iron Blossom COM
pany Will meet today at Provo. and
quarterly dividend WIN be declared Mr.
Knight refused TO say yesterday what the
amount pcr share will he and local es-
Inmates have II anywhere from TO 10
cents share. During February the
company earned about 500. 0p0. but this
amount has not been averaged month
during the quarter. With the advantage
CT tie new hoisting equipment the COM
pany Will he In far moro favorab bic
earning position than ever.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
COPPERS HOLD WELL
AFTER THE ADVANCE

James A. Pollock 6; Co., bankers and
brokers. furnish the following, received
over their private wire yesterday aftor-
noon:
Paine. Webber s. Co. Bostou--Tho &C
ton OF the local market today was the
sition of tho local coppers After yes
terday's great activity and sharp ad-
vance. II was natural to expect more
inarkably well and the selling wns much
smaller than expected. The market be-
came. came dull on the decline and rallied
started up just before the close, and It
looks AS II IL was about to have a good
advance, Hancock and North Butte have
both been very quiet for the past week
and are due to share in the upward
movement. Keep long OF the coppers
and buy more on every reaction;
market gave rather good account OF IT.
self today in the sense that after con-
siderable irreguarity in the forenoon
without much difficulty prices rallied in
tho instance OF active Issues TO levels
generally above those prevailing at the
the case OF l. & N. which IL Is thought
viii put out new stock issue within a
short time with valuable rights accruing
TO stockholders, Republic Steel was guile
strong. as was Reading, while Iehigh
Valley seemed disposed 10 lag after yes
The grangera were held In check I'm
view OF the approach OF the government
crop report and after the appearance OF
the latter. which, by the way. was some
what below the general expecta lions the
point was made that there has been con
siderable Improvement recorded over the
grain belt since the reports were com
piled on March p and that taken as a
whole the figures presented by the gov
ernfnent were to bo considered as favor
able from the stock market standpoint
Tho Copper Producers report denoted
@ moderate decrease In the surplus of
the red metal, but the same was OF
a negative character and did not influ-
ence the copper metal issues materially,
There VIII be made public tomorrow
the tonnage report OF the steel corpor-
alton, the results of the vote OF The en-
Sinecrs regarding II strike. and results
OF conference scheduled 10 take place
between coal operators and miners so II
Is not improbable that the generality oi
traders will receive some sort of irccn
tive TO further reduce or contract their
days happenings. AS we have Indicated
In recent issues. the stock market has
reached point where the recessions
are likely to he Of considerable extent
but we still believe that the genera
trend CT security prices Is u be consId-
cred upward and thercfore favor pur-
ohases OF Steel. the Eries Atchison and
r. & o. on the down turns.
The result of the Republican ccnvnn.
ticn in New York state will doubtless de.
noto that radicalism and undertaking
have at least for time ceased to loo
the accepted orcer Of things,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
SILVER BOW DISTRICT
INVITING CAPITAL

g. w. Girton. who has spent the past
seven years through fat and lean In the
Silver Bow district OF Nevada is In Salt
Lake for several days for the purpose
OF spreading the gospel Of his camp. a
section. he states. that holds immense
possibilities for capital. The property
owners are ready tn talk business. and
with the clearing away of the financial
clouds that long have dsrkened the min
ing horizon they feel that their time is
near 9t band.
silver Bow IL forty-iive miles scuthea st
of Tonopah. and on the Great Mammoth
property Mr.. Girton has opened ledges
four Ia thirty feet In width. The group
Is opened by n 19O-foot shaft tive cars
from this work. tho ore ranging from $50
10 Fl62.5o per ton In value. There are Il
tons now al the Selby smeiter which aY-
crage SpO.6J 10 the ton In the two metals
mentioned. The ore has been opened for
zoe feet on tho trend at depth OF 10
rect. the present pay shoot being : feet
wide and all OF which is being sack ed
for shipment The bottom OF the shaft
shows feet of ore "A shipment OF which
Adjoining this Is the lie Roi property
also one of Mr.. Girtons propositions de-
veloped by 1h5-foot shaft. In the bot
tom Is a ei-foot ledge, II inches on the
hanging wall of which going S101.2n the
entire width outside of the II inches av-
eregiug $40 per ton. This ledge has
been drifted on for 90 feet, tho entire
face averaging s20.1o in one place and
$3.50 in another.
There are some well known salt I,akers
interested In these propositions. and what
is needed is mill. The camp holds
abundant wood and water, while tho
roads are splendid.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
BIG TONNAGE IN
THE INSPIRATION
William B. Thompson Gives
Interview in New York
About Copper.
MILL WORK TO START
Pleased With Visit TO Utah
Copper and Mason Val
ley Properties.

on his return 10 New York from the
swing around the copper circle. William
r, Thompson gave an interesting inter
View to the Wall Street Journal. which
here follows:
AT the inspiration We have completed
our tests. our experimental sevcnty-ton
mill for testing ore having been in opera
tion about eighteen months. sThe results
lead US 10 believe that there will be 81
saving Of al least so per cont. The com-
centrates average over 40 per cent cop
per. which would indicate that the In
spira,ion company will be able To pro-
duce copper cheap as the cheapest
copper producer. If our hopes arc
realized. and there is every indication
that they Will be, the Inspiration Will
he able to nuke production OF 10000
coo or SO 600. 900 pounds OF copper year
with the previous estimates or
q, 600 600 I1utjnds
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
Ore Shipments


responsible for the physical condition The blood
of
and this explains
would
builds
the body SPECIFIC Co.. ATLANTA: Ga.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
TO SEND SANDSTONE
KENDALL SHAFT DEEP

II has been announced by the Sand =
storm Kendall company that the shaft Is
90 be driven 10 depths Immediately, and
the property will be developed very ex-
tensively on the various levels,
rlous points on the 35o-foot level. but
heretofore all the Development work has
been done in the rhyolite. The work has
served TO establish the limits and bound
aries OF the different formations In this
territory and in future the development
VIII be confined to the andcsite and OH
the contact, The Sandstorm and Ken
dali. which We're consolidated some time
ago, have both yielded n considerable
tonnage OF rich shipping ore. chiefly from
shallow workings. and the showing in
the company workings Is such as to en-
courage the manag cement TO thoroughly
explore the ground mt depth.
The management has expressed the be-
lief that with the deep work In progress
and planned along these lines the pros
poets for the future OF the camp have
been rendered much brighter and that
one good strike on any OF the inside prop
critics would set things going in good
shape. As one of the men interested in
this property said: with the Merger
Mines. Atlanta. Booth. Blue Bull. Gold :
field Belmont Florence and Sands tolm-
Kendall ali sinking their working shafts
TO great depth II is quite likely that some
morning the old Goldned days will be
recalled by the announcement of n strike
Of Importance on one OF these prop
critics.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
PRIVATE SALES ARE
ABOVE THE MARKET
Some Recent Significant Deals
for Thompson-Quincy At
tract Attention.

There are many unm;stakable evidences
of the fact that The Thompson Quincy
company Of Park City is approaching the
point where insiders expect the most inn
portant results so far in the history or
the Organization. Just what this sig
niiicant point is can Cnly he speculate ed
upon. for there are few closely connected
with the company who care to discuss
conditions right now, but II undoubtedly
is the near approach to the contact
II Is interesting To note that wEile the
%tocl is selling In limited quantities on
The local exchange at round 40 cents Il
sales of the stock at 30 cents. one Zeal
just put through being for 10000 shares
~ 90 cents a share The buyers and
the sellers have not been ascertained, but
1t Is known TO Il certainty that this deal
was consummated
From the 12oo-foot level Of the DAILY
Vest s Rr3perty. which corresponds 10
Quincy territory. the latter company is
raising I'm lissure in the duartzite to
the contact between the Quartzite and
ore for much OF the distance, fine grade
shipping rock that ranged from few
inches 10 Is inches in width.
There are several things tending to
create the impression that this contact
is near. Recently there have been show
been some water found. the latter point
Indicating more open country beyond
Then the management is getting near
the spot where its eslneers have figured
the contact should make its appearance.
The best informed authorities predict
that ore Will be- found on the contact
and In very extensive bodies. There is
a good chance for the raise itself break
Ing directly into good body, although
some drifting NAV have to be done be-
fore finding any large bodies. The DAILY
West company Is driving for the same
contact on It's 900 foot level I'm abso-
lutely virgin ground, so there are two
Instances where something big and rich
can he expected at practically any time
II is IA situation full OF tremendous pos-
sibslities and all eyes are being centered
upon that work. IT certainly bears
Watching
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
VALUES AT DEPTH
IN COLUMBUS EX.
Company Proves This Highly
Important Fact in the
I Toledo Fissure.
DRIFTING FOR BODIES
. No Assessment IS Planned as
Several Propositions Are
Being Considered.
FOR BODIES

Shareholders Of the Columbus ENteu-
sion company have been given the assur-
ance that no assessment is being con =
iemplated by the officials pending the
development campaign ut Alta. which
means so much to all interested. Cen
eral Manager Frank Il. Cook reiterated
to The Tribune Tuesday morning that
tho officials were considering several dIf-
ferent propositions, any one OF which
win provide the company with the neces-
sary development funds II accepted. The
present Indebtedness is between SO 900
and l.COC.
Work is being prosecuted at present
along assure from the long crosscut
tunnel. which hss,re is thought beyond
question by Mr.. Cook to be the Toledo
vcin. which has been the objective point
All along. The management has drifted
SO far lie feet from the tunnel To the
eastward. the assure being an average OF
three feet In width. The vein is filled
with intrusive rock. alongside OF which
are three inches OF ore that runs 20 to
or silver to the ton. There also is one
foot OF splendid grade milling ore in sd-
aition.
It ls by drifting along this issure that
-ie management expects 10 drive into
substantial ore bodies just AS the iissure
has held in The past history OF its de-
velopment elsewhere in the camp. The
management is proceeding along the the
ory that, from tho surface showings. the
ore has rake to the east and the drift
IS not far enough on, as yet by $50 10 200
feet 70 encounter tho ore body indicated
by these surface showtngs. While the in
cNnat'on OF the vein has not been deter
mined definitely the management. In View
cf all the conditions believs II is on the
right trail for results in the quickest pos
sibic manner
The companv" stated Mr. Tool1 "has
acquired all the ground IL deems essen
tlal for It's purpose either by outright
purchase or on bond. and no payment is
due on ANY OF the bonds FOR several
months vet. ANY one or tho various
propositions now being considered by the
directors vii! afford all the working capt
tai required, so " is not thought ncCes-
snry that any assessment need be levied
THE company has demonstrated one
thing 10 a certainty. which Ii next In
Importance TO finding ore bodies them
Eclvcs and tina Is the values do 90 down.
aud this was a big question from tho
beginning
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
OF COPPER
ARE MORE REDUCED
Figures for March Indicate
Consumption Is Greater
Than Production.

The March report Of the American
Copper Producers association was re-
leased Tuesday morning in New York,
showing decrease In the domestic
stocks Of the metal by 572. 431 pounds
On March 81, these stocks measured
62 .367,55, pounds, against 62.939. .9Ss
pounds on the first OF the month. Pro-
duction and domestic deliveries were in
creased over February. but exports were
smaller. The March statistics compared
with February folcw:
March February
Dom. deliveries =, 67,4sT,468 66.22s.36S
Exports -. ma. 5s.I79566 63.14S, 09G
Analysis of the March total deliveries
for consumption shows that the amount
forwarded for Sa1 De- into the world for use was Was
cries in February of 1l9,316,46i pounds.
Deliveries In March were well in excess
Of production. The figures for March
and February Of last year were as fol-
lows:
Production :. $50, ,5S2oso 0s.SgS. 297
Dom. Deliveries ss,oso.7S9 5o,SIS9eS
Exports p. .,,.... 59.0Sl ,122 45,1ll,019
The following eastern comment on the
The best possible test OF the legiu-
macy of the copper metal market Is the
fact that notwithstanding England mas
been in the throes Of an industrial
crisis. and that labor troubles have been
rampant In both Germany and France
TO lesser degree than in England:
prices have steadily advanced, backed
up by q large Gonsumptlye demand from
both this country and abroad. Europe
has been n substantial buyer OF copper
In the face OF her labor troubles, recog-
nizing the necessity for tho maintenance
Of stocks which have been steadily de-
creasing In that country for some time.
Statistically copper Is In stronger
position than even In 1907. when copper
sold at 20 cents. for In that year We
were at the end OF 4 boom which had
lasted several years while at the pres
ent time we are almost on the fourth
year OF business depression In this
country. which. notwithstanding 1t is n
presidential year, gives evidence OF n
distinct revival of business, and there Is
very good prospect Of this country hay
Ing to meet forthcoming large copper
demand for railraid slecfrificatIon, with
no surplus stocks OF copper,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
UNIQUE STUNT OF
STEWART COMPANY

Stewart is the name suggested for the
new town that is being built at Dead
wood guich In the Kellogg district of
the Coeur dAlenes. The Stewart Mining
company. which recently encountered Gre
Of quality and quantity In the lower tun-
mel Of It's mine. Is moving its buildings
from Silver King to the fiat near the
portal OF the new tunnel.
The boarding house. erected last year,
has been rui in two and will he trans
ported over the top of the mountain.
This Is one of the most unusual house
moving feats ever attempted in the west
crn country. M. Top]if declares the men
will not miss A meal. The office build =
ing and other ed'fiCes owned by the
company are also being moved
The portal Of the new Caledonia. tun-
mel Is within a stones throw from the
new Stewart tunnel. The Caledonia min
ers. who live IN Wardner. will move TO
the gu]ch. These men, with the $50 men
and their families at the Stewart mine,
Will compose the population OF the new
town.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
HALIFAX SHAFT WORK
HAS SET THE PACE
Tho Toropah Miner says.

y !lb IUriOpnn Miner says.
Tho main shaft OF the Halifax -Tono.
pah Mining company continues to be sunle
week reached a depth Of 1045 foet. Ths
work was Inspected this week by b, 4
Edwards. vice president Of the West End
The sinking or this shaft beats IN.
record for sinking OF shafts OF this sias
In Nevada, California, Utah and Idaho;
In iaot. l oan lind no record OF shaft
IT. We are greatly pleased with the IA
Voreble Indications for ore bodies al
ready encountered. When this shaft was
started there was no cxpectat ton of cuI
ting anything during sinking, We expecr
ed TO go to q depth OF 1900 feet and II
tne formation at that point was favor
abie. commence Crosscuttng, and thee.
plans have not yet been altered II
1909 feet Is nor deep enough We Will
sink deeper We are after ore In the
proper ore-bearing formation"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
MASON VALLEY IS
SENDING OUT MATTE

The following good showing of tho Ma
son valley Nevada Douglas operations is
from the Mason Valley News,
Following is the total ore receipts of
Mason Valley smeltery at Thompson for
the seven days ending Thursday, April
4, inclusive.
From the Nevada Douglas Copper
companys 8 mine at Ludwig tons 2l09
From the Mason Valley Mines com
panys mine at Mason. tons2ia0
From miscellaneous mines. tons -.
shipments OF copper matte from
Thompson for same period, car
loads w ..
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
Utah Copper Affairs.

Tho remod cling OF the Arthur plant
Of the Utah Copper company viii be com :
pleted i'm August and the property at
that time will be producing I'm excess or
$50, 600. 600 pounds year. Including their
share of the Nevada Consolidated pro-
duction the total output will be close to
zoo. coo 900 pounds year at a sevsn-cent
cost for both properties. Great head
way is being made in the matter Of re-
moving the overbUrden. There is still
considerable waste in the ore, but by fall
il will not he severe which. will re
suit in Il further decrease in costs, RS
that time II Is estimated that Utah
based on the presen, price OF copper,
win be earning In excess OF $40 share.
AS matter OF fact, Its earnings arc
now in the neighborhood Of $3.50 share
The copper situation Is all that cop
per producers could desire, In view Of
the fact that consumption last year was
100. 100000 pounds m excess Of prodUc
tfon X would appear that the Increased
output this year would fall short OF
satisfying demands Of consumers. AS II
is, producers are having a hard time
satisfying the demand for copper on A.
basis OF present prices.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
Inspiration Tonnage.

Orders for the steel to be used in the
construction OF the concentration have
been placed. Work will he rushed as
rapidly possible and mill operations
are likely TO te started within eighteen
months. The prospects arc for an In
crease OF about 26 per cent in the amount
OF ore blocked out. This will give In
spiration Consolidated a tonnage OF over
60 900. 900.
'The Mason Valley mill began opera
tions In January snd has not been closed
q day. 1t is regarded as the most mod :
ern and economical mill In the coun-
try II is handling about COO tons OF ore
a day consisting OF half Mason Valley
ore and half custom ore, The output Is
in excess of 900. 600 pounds OF copper a.
month and the cost is very satisfactory.
Custom ore business is developing Very
rapidly and there are already over
twenty Shlyrers
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
UNLISTED STOCKS IN
DEMAND ON EXCHANGE

Alta Consolidated and Thompson
Quincy were the features again Tues
day on the local exchange. Both these
propositions are driving after contacts
and both are very near their objective
points. In the case of the former. some
lead values are making their appearance
at the right spot and something inter
esting should be forthcoming al almost
any time.
Business yesterday amounted TO sales
FOR Al sos shares OF stock. the market
lowing were the closing unlisted and
listed stock tranSactju
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
NORTH STAR MERGER
DEAL is NOW DENIED

message over the Pollock wires on
Tuesday brought from San Francisco "A
denial that any deal for merging the
North Star property OF Tonopah with the
Montana Tonopoh existed. which has
been rumored for day or two. 1t was
stated in addition that 5. IT. Brady of the
Halifax has been secured consulting
engineer for tho North Star.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10

FORENOON SALES.
Beck Tunnel. 1000 at 1Ssc.
Black Jack. 1000 at 22sc: 700 at 22c.
Iron Blossom. 1s00 at S1.30.
Iron King. 1000 at 25c-
King William, 500 at 3;c.
Lehl Tintic. 1000 at ic.
New York. 1000 at sac; 1000 at 5tc
Plutus. 1000 ar Sc.
Silver King Con. 125 al ST.
Union Chief. 1000 at &C.
Yerington, Copper, 200 at 7lc.
Shares sold. ll.925
Selling value. 2SS2.IJ.
OPEN BOARD.
Black Jack. 80 st 22c.
Iron Blossom. 1000 at s1.3o.
New York. 1000 at 5ic.
Silver King Con, 400 at 81
Swansea Con. 1000 at Sc.
Utah Con. 1000 at 37c.
Shares sold. 1850
Selling value. o0222.
AFTERNOON SALES.
Black Jack 1000 at 2Ic
Crown Point, 500 at &c; 500 at sic buyer
sixty days.
May Day, 1000 at l5c.
New York 1900 at Jbc
Ohio Copper 100 at SlsIJ
Opohongo. 2O10 AT i6tr
Pioche Dem!john. 1000 at l0c.
Prince Consolidated. 500 at si.22I.
Sioux Consolidated. 1000 at &c
Tintic Central, 1000 at 32c
United Tintic. 1000 at 2c
Uncle Sam 20o at .t.c; 500 a, zoe.
Victoria Consolidated 500 at 65c.
Wilbert, 100 at gsic,
shares sold. io.S00.
Selling value, @351.7.
OPEN BOARD.
Iron Blossom. 100 at sl.30.
Ohio Copper. TOO at siS71
Utah Com. 1000 at 3Ic.
Shares sold. 1888
Selling value. s2SSS.cJ.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
NEW FINANCING IN
PAST THREE MONTHS

For the first quarter of 1912 the out
put OF new bonds. short term notes ana
stocks by railroad and industrial corpor-
ations OF the United States reached sT5S.-
S92 .396. as compared with $657, ,5-4. $50
last year. or an increase OF S101. .34T. .if6.
The railroads floated 1926. i6I l97. n de-
crease Of s50,67l .403, while the Industrial
companies contributed 1852. i20. .SS9. an in
crease Of si53,0lsSs9.
The following table. prepared by the
Journal OF Commerce and Commercial
Bulletin. classlties the quarters new cap
ital Issue OF bonds and gives con1pari-
sons for the first three months OF 1911:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10

Nearly two thousand dealers arc
selling Vogclor's seeds Fifteen years
ago no one was selling Vogeler's seeds.
There is reason, equality, of course. /"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
San FRANCISCO OIL Stocks.

James \. Pollock & Co, bankers and
brokers, furnish the foIlowings received
over their private wire yesterday after
noon.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-10
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