davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
ALTA CONSOLIDATED
ORE AVERAGES WELL
Supt. jacobson Gives Assay
Results of Sample of Five
foot Face.

On his arrival from the property on
Friday, Superintendent A. G. Jacobson
Of the Alta Consolidated company,
brought an average sample of the full
face Of ore opened during tho week
while exploring some old workings
along the big contact, The assays on
this sample show an average OF 43.4
ounces silver, l6 per cent copper, Go
per cent lead and $3.50 gold. This rep
resents the value of five feet in width,
and Mr., jacobson says that no assays
have showed less than 40 ounces silver
to the ton, while the ore has carried
as high as l20 ounces.
Tt is big vein of iron carrying car
Donate ores, says Mr.. Jacobson, and
the drift has opened it to date for
about fifteen feet. 1t is too early as
yet to draw too many satisfactory con-
clusions about this discovery, but mas
much as the contact within which this
ore occurs has in former years pro
duced some bonanza ore shoots close
to the surface, there is reason to eX-
pect that similar shoots will be devel-
oped in the future, and this particular
spot may be one such discovery.
The ore body is wholly picking
ground and no blasting has been found
necessary. The management has COM
pleted an orc chute from the opening
to the road, and from this find con-
siderable amount of firstclass ore will
be coming from now on.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
Mines and Mining Activities i'm Ore Districts of ia
OTHER STATES ARE
FULL OF PROSPECTORS
Same Conditions Should Ex-
list in Utah as in Other
Commonwealths.

An engineer who has included with
in his numerous duties the responsible"
ties of finding and sitting mining prop
ositions for the eastern capitalists in
control of his organization, made the
statement on Saturday that out of the
innumerable applications for financial
help on the part of the prospect owner
the vast majority come from Arizona,
Nevada and Idaho. Only a very few
come from here in Utah. Investigation
demonstrated that other engineers have
been having the Same experience, and
it proves beyond question that the diff
fculty lies wholly in the little or no
prospecting now being done within the
hills of Utah
The engineer in question is at loss
to account for the deterioration Of this
highly important branch of Utah min
ing when other states which must Of
necessity be governed by the same laws
and rulings at Washington as Utah are
enjoying the most prosperous and sue
cessful prospecting eras in their his
tory. There is only one explanation,
and that is merely the disinclination
Of the Utah man of means to put a
small portion of his surplus income into
the development Of the natural re-
sources of the state If other states
can overcome the new restrictions
placed upon the prospector, Utah
should have equal facility of so doing,
while the abundance of opportunity
within Utah and her unequaled railroad
and smelling facilities, and her gen
erous distribution of wood, water and
game, all should make This state far
more attractive than any of the other
western states now enjoying wide pros
pccting.
The argument has been made that
capitalists prefer to follow the excite
ment, and Arizona, Nevada, Idaho and
Alaska during the past two or three
years have afforded abundant attrac-
tions for the investor The only answer
to this is that if Utah men with the
means and the ability would do lit,
tie better work on their own part, and
where the chances are more than fa.
vorable for generous rewards, they
would stir up plenty of excitement and
desire on the part of the outsider for
Utah mining properties.
Utah appears to lack the nervy oper-
ators who have produced a Park City
and Bingham.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
REPORT OF EAGLES
NEST OPERATIONS

Shareholders OF the Eagles Nest Hall
stone Consolidated company have been
informed that assessment No. l, for }
cent per share, has been levied. which is
payable on August 25, the sale day be-
ing set for September %. 1t is the pur-
pose Of this assessment to prosecute de-
velopment effort on the property at Fair
view. New, and in the notice to those In
terested Secretary Charles e. Hudson in
cludes "a report made the first OF the pres
ent month by Consulting Engineer A S,
Haskell.
Mr.. Haskell sets forth that the shaft is
now $50 feet In depth and at depth of
315 feet a crosscut has been driven to
the north towards the big fault, and
when the objective is gained this will be
drifted on. An old drift at the fifty
foot joint is being continued also and nu-
merous stringers of quartz carrying sui
phides are being tapped as this work pro-
ceeds. Mr.. Haskell states that the pres
ent work Of the company has a promls-
ing outlook for developing ore within a
very few months.
The location of this property with re-
gard to the Nevada. Hills is considered a
IA ctor favorable for results.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
ZADIG REPLIES TO
NEW YORK CRITICS

While shareholders of the North Star
cannot help but regret the
pitched battle that is being waged clear
across the continent or between the ins
York. they nevertheless evince an inter-
est In the warfare and In the hot shot
which is poured back and forth over
their heads by the contending parties
ed TO the gayety of the occasion by. an
the following is a copy:
I have just returned from q trip to
Tonopah and one has to go through
the North Star to really appreciate
what a great property we have devel-
oped in such Il short time. 4 certain
brokerage house in New York, which
was very active in trying to get the
control away from ME at the last cleo
tlon. and which has been making
missta tements ever since has again
In Its market letter of August in
simulated that the management is
cient; that the mine is being Quilted
and that there will be a merger with
the Montana. Now. while as rule it
Is bad business to answer such lies,
7 thought it would give me a chance
TO give all the absent stockholders
description of the prevailing condi-
tions of the mine.
Management ] am willing to let
any stockholder investigate how our
management in Tonopah. Inefficient
machinery: The present machinery OF
the North Star is efficient enough to
enable us to take out at least $50 tons
per day, As soon as we have opened
UP the 1250-foot level and find that
We can increase our output to 200
tons per day, we will put in a higher
speed engine. which will enable US
TO do. AS to the mine being gutted,
will allow any reputable superin-
tendent OF any mine In Tonopah 10
make a thorough examination Of how
confident that this report Will be that
1t is absolutely untrue. I think that
the stockholders can congratulate
themselves that they have two men
are attending 10 the developing OF the
property. There will be no merger as 4,
long. as 1 am president. We have
special propositions under cons!dera-
enable us TO mill the ore almost at
the same cost as though We owned
the MILL ourselves.
The mine continues to look very
we'll, the length Of the ore chute on
the 1O5o-foot level is now over 230
feet long. and we believe we can drift
$50 feet farther before getting out Of
our ground. On the 1st Of September
!! expect, the repairs to the shaft will
be completed, when We will be able to
take out $50 tons per day. At the
same time we win start sinking a
winze from the 1850 TO the 1850 in the
ore; after we reach the 1850. we Will
start to drift on the 1850 to get under
the point OF the winze. making an up
raise. and in that way develop the
two levels at one time. II nothing
unforeseen happens, we Will pay q
dividend OF 10 cents by Christmas. In
a special letter to the stockholders.
I gave full particulars as to the new
steel-engrevcd certificate, Since that
letter was mailed, I understand some
OF the brokers east have settled with
the forger. That will prevent our
company from prosecuting the forger,
because we have no evidence. think
It Is bad business TO settle and let the
forger go.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
F FINANCIAL REVIEW
FOR THE PAST WEEK

NEW YORK, Aug. 3o--The last week
In August in the stock market tradi-
tionally Is one Of dullness and inertia,
This condition was emphasized this week
by the professional disinclinatlon to en-
ter on commitments on the eve OF a
three days holiday
The. varying phases Of the Mexican
situation were restraining influence on
speculation, both here and abroad For
eign money markets are more inter
ested in Mexican government securities
than is New York
or the two great factors. money and
crops, whose shaping IS usually expected
in this week, the influence was conflict
tlnctly more propitious than was ex-
pected. Influences both at home and
abroad have been conducive to this re-
suit. The deposit OF treasury funds with
banks in the south and west has had a
notable effect in loosenlng the stringency
OF bank credits
Mercantile paper has been bought with
increa sing freedom, so that commercial
activity is not suffering from an en-
barge on credit Time funds on collateral
also are offered freely.
The Improvement in the bond market
Is an effect of the same cause, The dis
placement Of the short term railroad mole
by a longtern bond was significant
fea ture OF the new financing OF the week.
Conjecture continues busy in attempt
ing TO sum up the extent OF the damage
to the crops from the southwestern
drought. Such moisture as there was
brought small hope for the corn. The
effect on trade and industry OF the dam
age to corn and cotton are TO be reck-
oned with in the speculation. The un-
favorable crop news furnished the main
Offset to the helpful money situation.
Another advance in the price Of stock
exchange seats was taken as evidence OF
underlying confidence In an improving IN
vestment condition.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
UTAH PEOPLE ARE
OPENING PRODUCER
High Grade Ore Discovered
in Silver Field Group
of Nevada.

One Of the attractions in Nevada min.
ing during the past few months has
been the Silver Field Mines property.
located about eight miles west of MI.
lers, and it is Salt Lake proposition
throughout II. M. Eakin, formerly OF
the May Day and other Utah PROPOSE.
tions, has charge of mine operations,
and he is in this city at the present
time on company matters.
The work on the Silver Field nron.
erty consists of shaft now at the 256.
foot point, and ore was followed prac.
tically from grassroots, some of fine
values running in the hundreds of dol.
lars to the ton. In the bottom of the
shaft is three-foot ore body now
which averages 800 ounces silver, 26
per cent lead, s per cent copper and 81
in gold. The management expects to
be shipping this product to the smelters
within The next thirty days.
There has been an immense amount
of dead work to be done at this prom.
erty, while the bunk. boarding honsc
and engine house and the oil-burninp
hosting equipment had to be installed
all Of which is now in place and in sue.
cessful operation. Five men are ON
the payroll, and the force is to be in
creased as soon as the management can
find room for more men TO work profit.
ably.
The Utahns operating the Silver Field
group have had to pioneer, although
years ago before the discovery of Tono
| pah there was considerable scratching
done on the surface, and some consid
cradle ore production done. The Utah
property is now surrounded with loca
tions, and the character Of results OBJ
tanned in the leading property will gov
eru the general activity there during
the coming few months. The local peo
pie in charge certainly have made {
fine start, and additional work doubt
less will be commenced without delay
This proposition has been financet
by the insiders, and Mr.. Eakin say;
that the men employed are taking stocl
in part payment for their labor on tn,
basis Of 30 cents a share. The company
is now in first-class shape and should
make good production record during
. the coming months.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
Financial Statement.
FEDERAL MAKING AN
EXCELLENT SHOWING

Federal Mining 6 Smelling, in the frs
eleven months OF the fiscal year ending
August 81. according to we'll informed In.
terests, earned surplus OF s916,0OO The
total amount required for the 8 per cen
now. paid on the Z per cent preferred
stock is S720 000
An official OF the company says:
But for an accident at our Green
HILL Cleveland property. which ne
cessitated the closing of that prop
erty for ten days. believe We should
have passed the million dollar mark
this year In spite OF the prevailing
low price for lead. We may. how
ever, yet do IT.
We are very much encouraged to
note an improvement in the price OF
lead, which is now quoted at 81 rs per
100 pounds, as against an average for
the past five or six months OF ap-
proximately S4.3S per 100 pounds
There are at this time only 10 per
cent back dividends due on the pre-
ferrcd. which could be paid out OF this
years earnings. but the directors evil
IDENTIFY did not think 1t advisab BILE to
do so at this time
Wall Street Journal
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
COPPER OUTLOOK AS
LONDON VIEWS IT

Henry R. Merton & Co Of London, un.
der date of August Is, have the followine
10 say in regard to the copper situa-
ton:
Notwithstanding the enormous pur-
cnases OF raw and refined copper OH
the part OF nanufa cturers during the
previous three weeks. the inquiry
from consumers continues on a re-
markable scale, forcing holders to
raise their prices further and further.
Electroiytic copper. which was Of
fering IN the middle of July at R66,
now fetches readily a73 and but very
little is offering thereat. most pro-
ducers being entirely sold for August
and September shipment.
The way in which orders for manu-
factured material are being placed
now furnishes clear evidence OF the
fact that the many important schemes
which had been pigeon holed during
recent months OF political and fnan-
cIal stress are coming TO light again
and are assuring copper consump-
tion for the remainder OF the year
far larger than could have been an
ticipated little while ago. In how
far the producers will be able to cope
with this important demand is a
question for serious consideration in
view Of the unceasing troubles with
which they arc faced
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
Ranching VS.. Mining.

Concerted action by the mining COM
panies operating in the Pine creek district
10 combat the encroachments OF home
steaders is planned as one OF Inc chief
ma tiers TO be taken up by the Wardner-
kellogg chapter Of the Idaho Mining as
socia lion. which was orga niZed last week
BY Ravena Macbeth. a number OF
homestead entries have been recorded In
cases arc In court The mining men
claim that the lumber interests are be-
hind the homcstcaders in an endeavor to
secure the logs from Pine creek. One
OF the recent honesteads covers the en-
tire Fiilarlty group OF claims while the
Constitution claims are included In a
homestead filing now before the land Of
flee on q contest
The Hecla company is paying its divl-
dend No. 122, calling for a disbursement
OF $4,000 or cents cen share ar ~, THIS ais, s.
sanisstion ssiSiSst; H,,i' Of s9,s5o.ooe. ~ ''l'''
Important strikes in both the upper and
lower tunnels of the Jack Waite mine, at
Union, in which many Spokane and
Coeur d Alene people are interested, have
been made in the last week, and the COM
ground at the mouth OF Tributary creek,
two miles from the property, for the erec-
ton OF a 300-ton concentration, according
TO announcement made by the directors
An aerial tramway connecting the mine
and mill will be constructed also. and
both Will be ready to operate by January
]. 1914, unless unforeseen delays occur.
Plans have been outlined for extensive
development of both ore bodies encoun-
tered and fifty-horsepower steam engine
and boiler, 10 be used for operating the
compressor plant when tie waterpower In
use at present is Inadequate. was ordered
yesterday. Supplies are being sent in
now and about thirty men will be en-
ployed by the company before the end
OF the month. Fritz Marscha nte one Of
the directors, returned a few days ago
from trip Of inspection TO the prop
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
LONG TRAM A|EARS
COMPLETION POINT
ho-Centennial Company Is
Adding New Equipment at
Fast Rate.
Special TO The Tribune

6pecl2l TO Inc lrlDune
WALLACE. Ida. Aug. 30.-A. Klocl-
man. president Of the Idaho Continental
Mining company, returned during the
week from the property after an inspec-
ton trip lasting several days, and he re-
ports that the fourteen mile Transmission
line being constructed by the compa ny
from its power plant at Boundary creek
to the mine is nearing completion and
the last OF the cables will be In place
within the next ten days
Work at the power site and at the mine
is progressing satisfactorily and there Is
no question but the company will have
the buildings completed and the equip
1nent ready to operate by Christmas,
The concentra tor and office buildings and
the boarding and bunllhouses already are
under construction and will soon be ready
for the roofs. and the power plant build
ing foundations are in shape TO begin
erection OF the superstructure Immediate
ly. The sawrnil will have finished pre-
pairing the timbers for the different
buildings soon and the last OF the con-
centra tor. compressor and electric ma
chinery has been delivered on the ground.
ready TO be installed. The company Is
working $50 men and will increase this
force II necessary 10 insure the compile
ton OF the work before bad weather sets
in. The Idaho-Continental was the prop
erty financed by the International Smelt-
Ing company several months ago through
the untiring efforts OF Mr.. Hickman.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
Kansas CiLy

KANSAS CITY. Aug 30.-Hogs-koo
ceipts. 5000: market &C lower: bulk. sS2
$3.50. heavy. SIS, 2o@S 80; packers ana nc
butchers. sS, 2O@S.70; light. SIS 2o9s.'o'
pigs. SO. 75@7 90
Ca,tle-Receipts. 1000; steady: prime
led steers. SIS 6O@9,1o: dressed oeei
steers: 81 50@S so. western steers. 50 sop
s.25; southern steers. S5 25@I 20; COWS,
So S5@6.50; heifers. 81 o0g9. 90: stockels SelS
and feeders. So 2bm7.S0; bulls, A'VV
SIS; calves, Sc o09e. 90.
Sheep-Receipts. 300; steady lamps
81. 406DS. 10: ycarllngs. s5 0OM7 80; wetn-
ers, 81 S0M5 90; ewes. 81. o0@i-I5; STOCK
ers and feeders. SO .0066.50
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
COMPANY is
NEARING DAYLIGHT

Consulting Engineer Maurice NJ John
son OF the Wilbert Mining company,
when asked yesterday in regard to oper-
ations. stated that last month the COM
pany cleared close to $4,000 net, and the
August results will prove equally sat-
isfactory, The company is making wide
inroads into Its indebtedness, and II Will
not be long before these earnings are
being set aside in the strong box to be
distributed among shareholders In the
form Of dividends. The mine and mill
conditions are extremely faVora BILE
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
Big Chunks of Metal.

Chunks Of silver-lead ore, varying In
size from one to 100 pounds. are being
shot out with each round in crosscut
at the 1ooO-foot level In the property OF
the Occur dAlene Empire Mining COM
pany on the west branch Of Big creek.
according to reports from people who
condition along with the situate OF the
property, which joins the Bunker Hill &
Sullivan on the east, encourages the man
agement in the belief that ore In a body
mote distance ahead. The crosscut has
proceeded 17o feet across the ledge from
the hanging wall. Crosscutting began at
the extremity of 1250-foot tunnel that
was run or the hanging side OF the ledge.
and that disclosed several pockets Of
high-grade ore. Galena is mixed with
the quartz In the crosscut and water is
running from the face, indications that
are regarded as being very favorable.
Upward of s2l 900 has been spent by the
company. which is controlled by Spokane
cludes another long tunnel $50 feet above.
Ore was exposed In the latter develop
ment The company owns nine claims.
A number. OF improvements are being
near Kellogg. One is a pump OF $50 gal
Ions capacity. TO furnish water for the
mill. The lack OF sufficient water has
been one Of the difficulties which has
faced the operators during the last
month. The water Is being pumped from
the underground workings being lifted
a aDout 43O feet, The company is operdt-
ing with two shifts. employing thirty
five men at present and IS looking for
ward to working three shifts as soon as
the improvements now under way are
completed Other new installations In
cude new ore bins and new jig and
classifier improvements and two new
tables The company is also putting in
an elevator to hoist the concentrates
from the mill TO the bins. saving con-
siderable handling OF the ore. The mill
will handle 15O tons daily and is kept
running at almost capacity. Seven cars
of ore were shipped during July, and
q many more would have been marketed
had the water supply been adequate.
The Guelph Mining company, operating
a group OF claims near the Hercules
group. has uncovered fine showing of
carbonates and crystalliZed lead. The ore
is found IN the No. 2 vein. which was
exposed several years ago, but not de-
veloped. A recent examination OF the
property by a prominent local engineer
has aided the management in It's ex
ploration work. The geologist was able
10 point out two leads for exploration and
Informed the officials that other fissure
veins would cross the ground at differ
ent points
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31

FORENOON SALES.
DAILY. 700 at 81 02l.
Lehi Tintlc. 10000 at Ic.
Lower Mammoth. 1000 at 1sc
Prince Con, 100 at 45c: 100 at 455c.
Silver King Con. 100 at 81 So
Sioux Con, 1900 at 2ic.
OPEN BOARD.
King William. 1000 at 5sc
Lehi Tintic. 1000 at &c
Tintic Central. 1000 at lc.
TOTALS
Regular. 1900 shares for $500.
Open, 1000 shares for $I2 so
Total. 1900 shares for s6755o
WEEKS TOTALS.
1855 shares for s17.649.12.
MONTHS TOTALS.
673, 11e shares for s70.S77.5e.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
DEMIJoHN copl
HAS BEEN h

The articles Of lncpu,5
Demijohn ConsolIdalel r.
We're filed Saturday. Fl
launched the organ,atIx 4
tined TO take over Il. Az
ties Of the original P.ocs. il
pany. The new organ!rt.|
shares OF stock, par yllal
and It Is the plan 10 IA
shares for the old On uaI
new Ior each three "a.
DR., Jenkyn Thomas 6 -
new company: E. 0. B,,, \
dent, and Mathonlhah II,
tary and treasurer, Tka.
McCrea, Owen A. Barg 1
and o. P. soule, form d. i
tors. The conditions II t:|
are ripe for a reIuYer.l;'
John group. while DsIbe' 1
dit!ons are everything "
could desire TO make : -
portions out Of same
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
LIVESTOCK QUOTATIONS.
Chicago.

CHICAGO. Aug. O.-Hogs-Receipts,
$4,000. dull and sc lower; bulk. 81 ,9o@
S,45; light SS.25@S.95. mixed, SI.55G
$50, heavy. 81 40@S. 65; rough. 81. 4o9
TO, pigs, S4.00@S,75.
Cattie-Receipts. 500; steady; beeves,
$6.90@9,25; Texas steers, Sc. 1907, 70;
western. Sc. 10QS.O0; stockers and feed
ers SIS .50@7. 80; COWS and hefers. S3.65Q
$50; calves, 50 -00@12 .25.
Sheep-Recelpts, 5000: slow; native,
SO .90@4.0o: western. s4.15@4 90; year
lings, s5.40@6, Is; lambs. native, $3.50
g. 10, western, Sc. 6097,10.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-31
WARD LEASE MAKES
A GOOD SHIPMENT

A shipment OF ore from the Vanderhoff
lease al Ward. New. has been disposed
OF on the local market, the lot consisting
OF about twenty-four tons and bringing
in smelter-net the sum OF s725.e3. The
controls showed that the ore averaged
0.0S75 ounces gold, o1.4 ounces silver. 1-93
per cent copper. 21.3 per cent lead and
III per cent zinc. The iron content wa S
l0.e per cent. the insoluble 23,1 per cent
For diversity OF contents il would be diff
hcult TO beat this shipment. and the set
tlement should be very gratifying TO the
shipper,