davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
Money Market Adverse.

The natural apprehensions arising
from theSe events no moro encourage
fresh commitments in silver than In
any other commodities, and the very
fact that the money market Is In an
unfavorable condition for borrowers
would probably defer the actual issue
OF the Chinese government loan, even
though an agreement We're arrived at
as to details. and. therefore. silver re-
mittances TO China, which are eX-
Pected to be a consequence of that
defined.
The need of an abundant currency
OF smaller denomination than can be
minted conveniently In gold is shown
In the case Of our West African colo
MES, In addition to the native forms
OF currency which will be super
seded by the projected issue, large
quantities OF British silver coin, Of
which no less than five and one-half
millions sterling have been introduced
by the Bank OF British West Africa,
Ltd, since 1894, will doubtless be with
drawn from circulation. Thus. dur
Ing the nineteen years In question.
the population OF about $50 900
souls has required for the purpose
OF currency about 5s I'd in silver coin
per head.
This proportion Is remarkably close
TO that OF India, where about !. 1.4o0,-
100000 rupees have been coined and
issued during the same period. II
allowance be made for recoinages and
exports, the sterling value OF silver
coins per head OF the Indian popula-
ton has been within a few pence OF
that required by the trade of West
Africa
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
High Values Deep.

Developments OF the greatest impor-
tance have been made recently in the
mines of this company and the average
grade OF ore treated in the mill ha
final report OF the management was for
the month of January and In this report
IL was set forth that in the Laguna
mine, al a point above the 600-foot level
and in the downward extension OF the
great Red Top vein. an ore body had
been exposed and developed TO some ex-
tent which Welded average assays OF $50
per ton across sixteen feet. The same
ore body, but of lower average grade.
had also been opened above this point
and now II Is stated here that the ore
has been exposed sixty feet blow the
lower point.
This is but one OF several important de-
velopments Some three months ago the
large volume opened in the Combination
mine, near the western boundary OF
the properties and the most westerly OF
any important discovery in this territory,
The deposit was opened on the 130-foot
level and development showed II to be
the extension OF the famous ''glory-hole"
ore body, that yielded several millions in
rich. free milling ore, Later work In
this ground showed the ore body to be OF
vastly greater volume and better average
grade than was al first supposed. When
IL had been opened for distance OF about
100 feet and its widest point was shown
TO be about forty feet. the companys en-
gineers estimated that at that time and
on that level alone the ore exposed would
add a least $500, 900 net to the visible
ore reserves OF the mine. Since then
il has been opened for considerably over
en0 feet in length. with an average width
OF forty feet and the average grade OF
the ore, believed at first 10 be around so
ed having Yielded an average OF better
than s36 per ton,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
Jumbo Extension.

Jumbo Extension continue. it's regular
output OF about 1000 tons monthly the
product being shipped 10 the Bonnie
Clare mill. thirty-eiEht miles south OF
CIoldheld and now under lease 10 the
Jumbo Extension company II is said
that the mine is In better condition and
NTH a larger volume OF ore reserves than
al any time In the past, the great vein.
having trend across the Polevcrdo
claim from the Clermont 20 the Merger
ground, containing three ditinct and
large ore shoots. all OF which show wide
races OF excellent material on several
levels An arrangement is under con-
sidera ton for the Florence Goldneid com
pany 10 use ten stamps and the cvanIde
department OF the Bonnie Clare mill as
the Jumbo Extension orc cannot be treat
ed by cyanidaticn and the couIpanv Is
using only ten of the twenty stampe
SINKING continues on the Merger
ground, the shaft being down nearly 1900
feet and the deepest In the Goldfeld dis.
trict shipments continue from the Yer
nal and from the Nevada Eagle properly.
four miles west OF town. The Booth. Rinc
Bull, Sandstorm. Kendall. e. o. ID. Con-
solidsted; New Jersey Mines and Others
are developing.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
COPPER MINE IS A
BIC LEAD PRODUCER
Utah Consolidated Has Made
an Interesting Change in
Its Character.

Perhaps nothing has strucls Utahns
more forcibly during the past few weeks
than the brief extracts from the report
OF the Utah Consolidated company. show =
Ing how remarkably this famous old cop
per producer OF Bingham Is changing its
character from copper to lead. Its 1911
copper production was 9,1G2,o23 pounds,
while It's lead output was 1911. .sS9 pounds.
In 1912 the company produced 6,506 .3l4
pounds OF copper and S.13i,39s pounds OF
lead. That the lead ores carry a larger
percentage OF silver and q smaller per-
centage OF gold than the copper ores Is
apparent from the fact that the gold
output in 1872 was 14,042 ounces, against
1870 ounces in 1911, the 1912 silver pro-
duction being $50, ,004 ounces. as compared
with 160,936 ounces in 1911,
with the payment OF the initial dlyi-
dend in 1918, calling for 90 cents share
or S1oo.000, the company viii have dis
trihuted total Of $f.So0,000 or $24 6r
per share. Not until 1911 did the COM
pany begin realizing upon its lead ore
tonnage, being forced TO this resource
when, with depth, the value of the cop
per ore began lowering, For many Year,
the Utah Consolidated company was the
lowest-cost producer in the world, and
even among the porphyres. that ha:
brought its production costs to the long
sustained point achieved by the Utah
Consolida ted
The property at the present time show,
approximately the same quantity anc
character OF ore as at the beginning o.
1912. so development is keeping pace
with production. and this proposition Is
looked TO with every confidence for &
continuation OF usefulness during many
years to come. 1t is known that tht
lead ore deposits OF Bingham are boil
persistent and very generous in extern
with depth. SO this particular phase o.
the Utah Consolidated mine has nm i'm
portant bearing upon company affairs
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
CAMP ON
VERGE OF A BOOM

The Challis Messenger says that there
is going to be a splendid boom during the
summer at the Bonanza camp and that
there are number OF Salt Lake capt.
talists operating there who will profit
generously by this era OF prosperity. The
new mill of the Bonanza Gold Mining
company. a Utah-Idaho corpora ton. Will
be ready for operation in MAY, while
nearby a new company has been formed
10 operate the Runover group Of claims
owned by Senator Macbeth and ssso-
ciates
II was the Runover property tha, af-
forded no end of interest in 1907 by virtue
OF It's gold orc showings. the property
having been tranped over bv shepherd :
ers. prospeCtors and travellers genera lily
without any suspecting the richness OF
the outcroppincs.
The plan Is to placer mine this sec
tion as we'll As drive to depth for gold,
and the Idaho and Utah capitalists In
terested. II Is freely predicted. will opcu
a producing proposition that viii make
some enviable history for Idaho in 1918.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
SILVER DOES NOT
LOOK ENCOURAGING
Money Tension Is Acute and
Silver Is Only a Com
modify.
AFFECTED BY MARKETS
London Firms Differ in Their
Opinions About the
Metal Markets.
AFFECTED BY MARKETS

Samuel Montagu g. Co. of London II
their March 18 circular on silver handle
tho white metal situation In a thorough
and not very encouraging manner, The
circulars Of this Arm are widely read
and the firm is considered authority or
this subject owing to its prominence ir
the silver metal world. In regard to the
silver outlook the circular says In part:
The position Of silver Is disappoint-
Ing, but II can hardly be expected to
Improve while financial conditions
continue to be so adverse to prices
generally, The advance of the pre-
MUM on forward silver TO 5s l6d-a
hgure not reached since December %,
19O1-indicates how much money az
fects silver.
Tho Balkan war still casts gloomy
SHADOW over markets, and there Is,
OF course, a possibility that money
tension may become still more acute
before the present strlneency can be
relaxed
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
Situation Elsewhere.

The use OF cowries In West Africa
is chiefly confined to the hinterland.
as Nigeria and the Gold Coast pos
sess some metallic currency OF small
denomination.
The stock in Bombay has fallen In
value from G1,S20,000 to s1. $40, 600;
the offtake has increased from 10
to 140 bars a day
No change is reported in the weight
Of the stock I'm Shanghai. but the
fall In exchange reduces the value 10
s4,240,000.
The corner for delivery in Bombay
is less acute. but one of great sever
ity hns arisen in Calcutta, where the
premium for cash delivery Is now be-
tween per cent and 10 per cent on
the price for forward delivery. The
Calcutta market is quite small COM
pared with that OF Bombay,
a shipment OF 100000 has been
made from San Francisco to Hong
kong.
Another prominent London hrm--Mo
catta e Goldschmld-takes a more cheer
full view OF the silver market outlook. 7
says. referring TO the depression pro
duced by Chins's sales: THE presen
level however. Is lower than at this tim
last year, before the Indian governmen
TO buy, and since the Indial
currency returns (apart from the gol
standard reserve) show the stock o
rupees held TO be less than IL was then
In spite of the large purchases since mad
by the government, bear sales AT pres
ent prices would appear unattractlve
not dangerous, should trade in India b.
nearly as good as last year"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
PEACE DESIRED ON :.
FOREST RESERVES

For the purpose OF bringing about
closer relations and a more amicaoie uh-
derstandlng between the United states
forestry service and the western MINING
industry, n central committee and SUD
committees In the various states haS
been determined upon 10 Wnlcn stil uI,
putes may be submitted for adjustment |. I
The Spokane section OF the American u
Mining congress has addressed q lctteI
to Secretary Callbreath at washington
In regard to this matter, OF which the
following Is brief excerpt;
Our directors believe that the Min,
ing Scongress can perform useful
service IL II can bring about a more
harmonious relation, and to this end
It has been decided TO appoint a
central committee to be located at
Denver. and q SUBJ committee In each
OF the states, the committees
to receive and pass upon the merits
Of all complaints within such states
and, after proper investigation. TO
take up the matter OF the complaint
with the local forest official. with a
view to some satisfa ctory settlement.
In case no such settlement cen be
reached, the setate sub committee is
to report It's findings and recommen-
datlonS to the general committee at
Denver, which, in turn, will pass upon
the merits OF the complaint, and its
recommendations Will form the basis
OF the action Of this congress as a
whole.
1t Is planned that those complaints
which are OF sufficient merit shall be
forwarded to this office (the Wash
ington offlce) with instructions TO
take up the matter direct with the
chief forester. and If no proper re-
dress can be secured, to take The
dispute TO higher authority.
The Mining congress believes that
the national forests ought to stimu-
late rather than hinder mine develop
ment; that the people residing in the
communities should feel warm sym
pathy Tor and a desire to cooperate
with the forest service, in the preven-
ton OF fires and in the protection OF
the forests from devastation of any
sort, In other words, that the for
ests should serve the highest use to
the communities located In their
neighboring vicinity: that all un-
necessary waste should be prevented:
conditions which can only exist where
there is mutual interest existing
between the forest officials and the
people, We hope that through the
proposed direct contact between the
local forest officials and a Mining
congress committee, a better UNDER
standing can be reached, unfair criti-
cisms be silenced. and fair demands
In behalf OF the mining men and the
community generally may be prompt
ly and cheerfu!ly met.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
SENATOR BRADY IS
FRIEND Of MINING
Goes on Record as Opposed
to Revision of Tariff on
Metals.

While In Spokane last week, United
States Senator James II. Brady OF Idaho
placed himself sQuarely upon record l
opposed TO any reduction In the lead
and zinc tariff schedules in the comirs
session Of congress. He added mat he
would exert every effort to defeat the
drastic schedules in the Underwood bill OF
recent memory.
The senator was quoted in part as
follows:
am convinced that many or Ida
hos lead and zinc mines, particularly
in the Occur d'Alene region. will have
to suspend operations II the an.
nounced tariff policy Of the present
administration Is carried out. The
Democrats contemplate reducing the
lead-zinc tariff about so per cent. at
the same time making the duty al
valorem instead of specific. but ! am
hopeful that the friends OF the mining
industry OF the United States VIII De
able to prevent the cut being made,
1 am inclined to believe many OF
the southern members OF congress
will not favor any material reduction
In the metal tariff. and I am conf
dent those from Missouri and tne
lead mining states adjoining VIII
stand with the Republican members
to defeat this schedule in the Un-
derwood bill.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
NEW METHOD FOR
GOLDF|ELD MINE
Roasting Plant Likely for
Copper and Silver Ore
TonnageS.
NOW BEING SMELTED
Depends Upon the Quantity
Developed of This Sort
of Ore.
NOW BEING SMELTED
Special to The Tribune.

Special to The Tribune.
GOLDF1ELD. New. March 29.-Frou1
present indications and available infor-
nation 1t appears probable that the pro-
duction OF the Goldheld Consolidated
Mines company in March will be shown
by the monthly report 10 be the largest
for any single month In a long time. In
addition TO the largo tonnage OF ore
trca ted by the company's 1o0-stamp mill.
averaging $50 to $50 tons daily. a con-
siderable quantity OF smelling ore has
been shipped 10 the Miller's sampler OF
the Western Ore Purchasing company.
This product has been OF uniformly ex-
cellent grade. but owing TO it's content
OF silver and copper 1t Is not readily
amenable to treatment by the processes
employed in the company's mill and the
recovery effected by smelling is suffl-
ciently better to offset the additional cost
for transporta ton. II is regarded as
highly probable that II the deposits OF
ore or this character prove to be OF
great volume on the deep levels OF the
mines. the company will erect a smelter
or roasting plant 10 enable IL 10 treat
this ore locally.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
GIZZARD GOLD HAS
A NEW VARIATION

The world frequently hears Of gold
being found In the craws OF chickens,
and the finder proceeds In the attempt
To find out where the chicken came from
Nevada has an interesting variation OF
this procedure. In the Athens district OF
Nevada a miner had panned out some
rich rock and had left the pan with
several small nuggets exposed. The mug
gets disappeared and the mystery was
not solved until a chicken was killed
Tor dinner and the nuggets were found
to the extent Of Ss worth in the crop.
II happens that there was about SIS
worth OF gold in the pan. so all the
chickens were killed and the gold recov-
ereo. Even the chickens in Nevada are
thoroughly imbued with the gold fever
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
NEW COMPANY I'll
THE LYNN REl|
Old Blue Wing Mine, o.,|
PRODUCER Will Be oi,,,|
Attention.
IS slLVER-LEAD i.
Utah Interests Form G,
pa1y and Expect 10 sS,,'
Ores This Sumrr..
10 SlLVER-LEAD ~.

Utah interests which r,o.,.
rne me- old Blue Wing properly , !, ~ !.
WI winch NC, was a lead-sllysr a prs,' ~
back as 1874, havo ors,SI,sa ass' : u
Iey-Lloyd Mining Gonna. y d
snsres OF stock. par value ;
ana active development vo,S 20 I
,,nn,,p' rnls property Immediately. n. ' p. !
predict that they win bsv.
days. '"'sion With =
The Blue Wing ro,,n =,
is located In what ls tpo VI ss'ri 81
distrlct OF Nevada. abm,, q a " D
lant from the Big Sir re,s sSo -
made during the winter 0'o % on IN
distinct belts al Lynn iAes u
other q lead silver beI, 0ns u,
ON oin IN. J,o.,pany's possessions ~ =,
Inc management Will ro,
10 hunt for orc. as .hs,a VI = c1>|
satisfactory ore showing n, 81
tord q splendid index n :, Mc.s 1|
a iO-foot incline shaft tbsyps psauyl
streak OF ore exposed 's Ts y
winch is 81 per cent iesd % rtaa
ounces silver. In view ~ %a "a
duction record OF this pry,..s ~. ~
ent OFFICIALS feel that |, yIli IIliiH ~ Is \
oelore the company ls acpin ~ I
a profit maker. There 'a -
satisfactory ore showing ~ q, as s.s.s
lion Of the group. and ihls r4r S = y
immediate attention also '" =
The president OF the nsv
George w. Danley. who also u -. ~ :.
nrer: vice president. John 7 ~
these two, with George Mo,,-;s
Wiley and Anna d. p6IiIrn :.
the board OF directors X -
Is Elizabeth Beveridse.
President Danley stated a, !,
that the Lynn dfstrieI b,s
chances for making good AMI ~.
ad-sllyer belt Is no, The isss ~ ~
OF the assets OF the dlstric, -
a number OF Salt Lakers ln,.,s.',
the district aside from nj, m,s,
company.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
AUTO CROWDS OUT
THE PATIENT BURRO

There ls another stampede on In Ne
vada, This time the new camp OF Re-
public is the target and IL is located
about thirty-five miles north OF the Tono-
pah camp. The stampeders are utilizing
automobiles TO make the Journey and the
pallet burro, once the pricipal means OF
travel across the deserts, is thus crowded
from the trails with as little compunc-
ton the average Nevada stampeder
abandons the last brilliant prospect for
the new. Republic Is said 10 show as
says running into the hundreds and moth
ing else is needed to set fire TO the aver
age Nevadan. ever on the alert for some
thing different
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
MACHINERY OF ELY
CON. TO THE QUEEN

R. NJ, Kellogg. superintendent for the
Ely Consolidated Copper company. left
this morning for Elko. where he will
meet President Levy and accompany him
to the Copper Queen mine north from
EllSo. which was recently purchased by
the company.
Mr.. kellogg spent q week here loading
car with machinery and mine equip
ment from the company property In this
district to be used at the Copper Queen.
A force OF eight men Is now employ ed
at the new mine erecting buildings need
ed and the property will soon be in good
working order-ElY EXpositor
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30

FORENOON SALES.
Cedar TalIsman. 100 at lc.
Iron Blossom. 100 at sl42s.
King William, 1000 at sac.
Phoebe Demijohn. 1000 at lac.
Wilbcrt. 100 at Sc.
Shares sold. 1900.
Selling value, S2T16.50.
OPEN BOARD.
Black Jack. 1900 at lie.
Colorado. 400 at 14ic.
Opohongo. $500 at 6jc.
Shares sold. 5000
Selling value, ss7S.50.
TOTALS.
Regular. 1900 shares for s27l6.5O.
Open. $500 shares for S473.50.
Total, lo.loO shares for S3l90.
WEEK S TOTALS.
l5f,Ss9 shares for S25. 1902.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
COPPER SHARES ARE
IN FOR BIG RISE

James A. Pollock & Co banksrs and broker
furnish the following received over thci- p-ivste
wire yesterday afternoon:
Puinc. webbcr 4 Co Buston-The ,uprovo
mcnt IN tho metal situation resulted IN ronfi-
dent buying NJ III coppors. Amalganat.d ana
Anaconda vere the leaders. but All local stocks
acted we'll week ago No pointed the ac-
riEc. closing 9iTs5 eX-dlyidrnd. Copper have
been llquideied % = ntondstili and are IN ah,ps
Tor =. io-pont advance.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
FINAL CLEANUP AT
THE COLORADO MINE

The Colorado Mining company. once one o, the
lnpst spectacular produccrB and dividend PAYERS
OF Utah. during The past week made lts final
eIcanGp nj Iintic, and the property VIII no, b..
seen seen IN the producing list again until the custom
Lne colorado holds considerable quantity OF
th's Iow-grade rock and doubtless Il viii he pro.
cocttVe or some profit when th. new mill lS n
success The Colorado retains about s75 900 in
is treasury. and II has paid 81. Goo 600 in diyi,
dends. =. 30 per share 80
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
IRON BLOSSOM is
WEAKER ON 'CHANGE

The weakness OF Iron Blossom was
the principal feature Saturday morning
on the local exchange. the stock going
for s1.425. 100 shares selling The bust
ness Of the morning was limited. 10 100
shares of stock selling, the market value
OF which was s3l90. This brought the
weeks sales TO 10d.SS9 shares OF stock.
the market value of which was S25. 400 %,
The following were the closing transac-
tons:
Unlisted STOCKS
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
KNIGHT MILL SOON
WILL BE UNDER "

1t Is stated from Euu.ks d,.
Knight interests are makiur ~
with the custom milling psrt =
Tlntic camp and although nt ,ir,
still to some extent IN the NJ
stage the management has 80
great lot OF equipment and sur,,al
orally. so that when the spa,f b.
Is here active construction vak I
plant will be undertaken.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
CHIEF CON. SENDING
DEEP DRIFT AHEAD

The Chief Consolidated management has start ed
drilling towards the the lsoo-toot Lowell, The
deepest working attempted for and a,ten-
ton WIN be ceptercd this effort widely as
thero is large Michigan and eastern shareholder
interest IN the company, The Chief SHAFT several
weeks ago encountered the water level at depth
OF 1915 feet The company is OF the largest
producers OF Tintlc. and ono OF the dividend pay
NrE
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
LEAD CONFERENCE TO
BE A BIG AFFAIR

Zach day brings evidence that the April ! con.
ference ot lead-giuo ore producers Of the wost.
ern states ~ Salt take city viii bc a big ar.
fair. and ono productive ol results that viii br
of tremendous value tho Industry. George w
Ritter received a message SATURDAY. from Idaho
10 the effect that tho Idaho Mining as,oclatlon
had psSsei resolution udorsiaK tho salt L.ks
conference. and that the following had been an
pointed delegates; State Nine Inspector Bell ana
NczSrs. Frisr Johuc2se, Eldredgc and Sawyer
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30

Prsttdsnt James T. Gravss ef IT, ginrhs-
Mines company is In the city ,ro1 Borton
Sherwood tlerich. president o, the Euy ro,.
selidnted COMPANY. : Salt LAX. visitor NJ
Aidrieh accompanied %. c. JackiinK 70 Blusham
yetttsdsS.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
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, 1913-03-30
Metal Market
Mining NoteE.

The metal quotations Tor saturda- pos,,a h
Mccormick Co. were ,oilows: silyer 5st.e
lead. EJS: copper. s1ls5.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-30
Ore and Rullion.

The and bullion report for SATURDAY, given
bv Mccormick & Co, M follows: Ore rc-
ceivcd. $4,000 bullion shipped. $4,000: total.