davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
NO ENTHUSIASM ON
THE PART OF PUBLIC

James A Pollock & Co., bankers and
brokers. furnished the following. received
over their private wire yesterday after
noon
Paine Wchber G Co., Boston.-Nrid-
summer Saturday Is usually dull, and
today was no exception, Changes were
unimportant, but the strength was pleas
ing 10 the bulls. as the reaction OF yes
terday started talk OF further liquida-
tion and lower prices. We are confident
that conditions a re mending and that Sc
cgrities. OF all kinds are working to q
higher level
Logan & Bryan, New York-The mar
ket during the first hour receded In a
leisurely manner on a relatively light vol
encd somewhat. though fluctuations as a
whole are meaningless and failed to de-
note any particular trend. The decrease
In the untitled orders OF the steel cor
poration was about In keeping with ex-
pectations and exerted no particular in
f1uence,
Today's reports suggested that the
agricultural commodity markets may be
temporarily relieved OF that strain which
had been produced by the lack Of moist
ure and high temperatures in certain sec
lions. owing to the fact that rains are
now predicted in quarters OF the belt
where its need has been felt most great
ly- However, 1t is not unlikely that crop
news Will have much to do with deter
mining the course of the market during
August though perhaps n factor which
at present seems likely to overshadow
other considera tions is the status OF af-
fairs IN Mexico, where conditions seem to
De reaching point where occurrences
are likely to be OF a nature to disturb
financial markets.
The persistent strength of the market
curing the past week has greatly encour-
aged the clement committed 10 the side
OF advancing prices. but still the lack OF
an aggressive outside inquiry Is now be-
ing commented upon. as ii is realized
that shorts have been the manstay OF
the current movement and that q new
class OF buyers will be most essential to
the success OF a further rise. There Is
no use denying the fact that sentiment
has improved greatly and that funda-
mental conditions, on the whole, appear
satisfactory; also that the action OF the
government In proposing 10 deposit funds
in order TO facilitate the crop movement
Is favorable from an immediate view
pol Int Still, the existing level OF security
prices appears TO measure in great part
most OF the foregoing, when Ii Is con-
sldered that the real investor has 50 far
Jailed TO display 81 keen disposition to
exchange liquid capital for obligations OF
ilXed maturities. which means that the
investment markets SO far have not en-
goyed the same favor as the stock mar
ket
We are not among those who are de-
cidedly pessimistlc, but we nevertheless
believe that substantial reaction in the
market VIII ensue from around prevail
Ing levels.
Gallagher, New York.-The market In
general was quiet and without feature
Iobaccos and industrials were very dull
NlplsslnS was strong. with sales at 3
OILS We're firm. S O. California leading
win an advance OF about six points.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
MINE PROSPECT IS
WORTHY Of NOTICE
Search for New Producers
Should Be Directed Into
New Channels.

The conviction is growing in Utah tha
5he development OF new mines. and NOR
particularly the financing Of the pros
pect. are matters that will not be neglect
ed much longer. and speedy results ar
likely in view OF the Frightening finan
ciaI sentiment at home and abroad Th'
following communication was received b,
The Tribune Saturday from w. D. Bohm
one OF the welr-known engineers operat
Ing In the Bingham and Tintic district:
of the state:
Apropos OF your article, utah Min
ing Must Have Inside Help" Is 1t not
true that while each department of
trade very materially Dement'S from
the local distribution OF wealth from
the mines OF the state, the bene-
iiciaries are loath to return even
little OF that money for the purpose
OF developing new producers?
In my own experience, the atttuoe
is that OF being fearful OF risking a
small amount on an uncertainty. but
at the same time the tendency 10
da bible at high prices In the stocks
their way is evident. When 1t comes
TO taking risks. II is obvious that
the people who have endured all the
physical mental and financial dim
culties Of making prospect INTO
producer are not. as rule, going to
let the other fellow in at q price
which Will offer many Inducements.
Yet it is too frequently at TINS stage
Of the game that the outsider really
does become interested.
After an experience all over the
world in the buying and operating or
mines. ! have found that II gener-
ally pays better in the long run TO
develop a good prospect in known
and demonstrated locality than TO
buy developed properties, for the In
terest on the money invested on an
"ore in sight" proposition. II eXpend-
ed in development. would bring about
a real mine itself.
What IS needed is the optimism
which the situation IN all logic JUS
tiies. It takes Il bit more courage
than the average farmer must sum-
mon to his aid when he breaks new
ground TO plant a crop, Given the
right people at the head OF develop
ment enterprises. and they are bound
10 win when backed by steadtast con-
iEence and usually a comparatively
trining amount of money, especially
when there Is under discussion such
a meritorious mineral locality as the
state of Utah.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
Gold Chain Work.

One Of the biggest bodies OF ore that
has ever been located In the Gold Chain
is now being worked on the 700 level.
The mine has had much richer ore, but
for size the new ore deposit has most of
the older ones beaten This new ore goes
well In copper. with some silver and gold
values Some sorting is necessary 10
bring il up to $50 rock
During the past week the officers OF the
Cpex Mining company filed suit against
the Emerald Mining company for dana ges
IN the sum of $1,000 This suit comes as a
SEQUEL TO the trouble which these two
companies had few months ago. 1t Will
be remembered ;hat for more than year
the Emerald people had the use Of the
OpeX shaft and hoist!ng equipment and
that by operating through the neighboring
pronertv they were able TO do some very
deep prospecting Early in the present
year the GpeN people notified the Emerald
that the work through the Opex shaft
mrsi cease, and that their equipment
must al once be removed. The Emerald
people refused 10 stop work and got out
On injunction 10 prevent the OpeX officers
from taking possession Of the Opex hoist
Ing works. The Emerald company lost
ort When the case came Co trial in the
ihe OpeX property The OpeX officials
now alleGe that they were kept from the
use OF Their own shaft FOR seventeen days
and that their property was otherwise
managed. and consequently they dcma nd
me sum of $1,000.
The parallel fssure to the main ore
zone. which the Iron Blossom opened early
u July. has been developed in such a
manner that n portion OF the mines heavy
output is now being taken from the new
ms superintendent Charles Zabriskie
states that as yet he has had no chance
10 drilt towards the north and south on
this new ore deposit but there are rea :
sons 20 believe that the ore is making In
both directions. On the 500 level the ore
BODY rs 4 little better than ten feet In
width and above this point It w,dens out
very ma tcrialiv. The work OF stoping the
ore has already commenced
The usual amount OF DEVELOPMENT work
IS being carried on from the 1000 Level Of
the No. workings OF the Iron Blossom
mine. but Mr., Zabriskie states that there
Is nothing new In that part or the prop
rate OF about $50 tons day
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
LITTLE DEVILS MINE.
SHOWS HIGH GRADE
Special TO The Tribune.

Special to The tribune.
JARBIDGE, New. Aug. "A strike OF
the richest ore which the writer has yet
seen In Jarbidge was made Tuesday In
the Little Devils mine. This was IN a
winze at a depth of sixty feet from the
surface. The rich orc comes from
streak only three inches wide. but some
OF the specimens are nearly one-thlrd
gold-and with this grade OF ore II Is
not necessary TO have n great width II
the ore body is persistent in length and
depth Though the rich streak Is mar
six feet wide with only one wall III sight,
Is good milling ore. The Little Devils
gives every promise Of making big
mine and will command increased atten-
tion from this time on.
The control OF the Success mine now
Hes securely with Charles j. Nelson and
his associates. On Saturday last Mr.. Nell
bought a large block OF stock from two
OF the other owners. which, with the
treasury stock recently bought by w. P.
Anderson. Mr.. Nelson's Cincinnati esso-
ciate clnches the control. The Success
is u mighty good property and the price
paid for the stock is a substantial one.
The raise 10 connect the main tunnel
with, the drift from the shaft In the
Flake is now up about fifty feet and the
last report Is that the ore is improving
In value for several days. Few mines
show good ore so persstently and con-
sstently as the Fiaxie, while specimen
stuff is frequently In evidence.
AT the Alphas n force will start the
first of the week building a wagon road
mill The station for the engine is near
~ completed and It Will be installed in a
few days. The boarding house will be
ready for business Monday.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
RESUME Of NEVADA
DOUGLAS OPERATIONS
Over Hundred and Eighteen
Thousand Tons Produced
in Twelve Months.

The Nevada Douglas Copper compan,
has issued e panoramic view OF the min
In Nevada, showing the extensive build
ineS and other improvements added dur
ing the past year or two. In explana
statement enclosed:
Most OF the buildings were erected
last year and paid for from the
mines earnings. The company also
paid a dividend of $4,000 and paid
fits floating Indebtedness OF $685.
267.l7. 1t has also made a substan-
tial reduction on it's bonded Indebted
ness, which is today in round num-
bers about s450.000. This IS COM
mendable record under the circum-
stances.
The ore tonnage shipped from the
mines during a period OF twelve
months was as follows: Tons.
For the last six months Of
An 'ia average monthly ship '''''-''
For the first six months OF
An average monthly ship 49,
This diminished tonnage is due to
the fact that we have not been ship
ping from Douglas Fiji because the
oXidized ores there are ideal for
teaching and much more money can
be made by treating them through
that process. Only a portion of the
ores there can be profitably treated
in smelter and require asserting
TO keep up the grade. All can be
treated profitably by teaching. thus
eliminating this expense.
Shipments at present are confined
to the Ludwig and Casting copper
sections of our property, as the ores
there are more uniformly high grade
and do not need asserting.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
SUNSET -N|VE MILE
CAMPS PLAN TUNNEL
Coeur d'Alene Operators Put
New Proposition Before
the Northern Pacific.
Special TO The Tribune.

Special to The Tribune.
SPOKANE. Wash. Aug, s.-Minlng
men interested in properties IN the Nine
Mile Creek and Sunset Peak region In
tile Occur d'Alenes In Idaho. have sub
mltted to the Northern Pacific Railway
company q proposal that promises to
solve the transportation problem In the
district and assurance has been given
that the matter Will receive careful con-
slderation.
The plan contemplates the construction
of double-track mining tunnel three
miles long by the railway company. from
the lowest practical site on the West
Nine Mile northeast TO the different mines
to be served, providing easy connection
with the Rex. Tamarack and Custer Con-
soldated Interstate Callahan, Sunset,
Nipsic and several others less developed
and bringing many of the Sunset prop
critics in reach by short extensions,
Such a tunnel would tap the veins in
Senator Clars's Sunset at approx ma tely
nearly every ledge In the Sunset district
with which II could be connected and
all of them on the Nine Mile at the
lowest possible level from any direction.
trict would cost not less than $3.50. 900
and its operation In the winter time,
because OF the deep snow and steep
grades, would be a constant heavy ex-
pense A three-mil mining tunnel. such
as is proposed. would cost not to exceed
5000. 900. II is estimated and the oper-
alton of electric trains through It would
be matter Of easy accomplishment ut
all seasons.
Individual mining companies In the
Occur d'AIenes now have in operation
tunnels practically as long. The Morning
mine main working tunnel is now in over
two miles, the Hercules Is driving one
nearly as long from the Trade-Dollar
ground. and the Bunker Eill & Sullivan S
kellogg tunnel is approximately three
miles long.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
NORMAN OWNS No
FEDERAL SHARES
Statement to This Effect Is
Issued by Company's
Secretary.
LAWSUIT is PENDING
Idaho Son Is Contesting for
Company Control Against
His Father.
LAWSUIT is PENDING

Special TO The Tribune
WALLACE. Ida. Aug o.-The FEEDERS
Mining company has issued the follow
ing circular letter to its stockholders;
TO the Stockholders of the Federal
Mining e Smelling Company:
IL has come TO the notice OF the
officers OF this company that one
Sidney Norman Is soliciting funds
from the stockholders Of the company
for the prosecution OF a suit brought
by himself and other individuals
against the Federal Mining & Smelt-
ing company. the American Smelling
&: Refining company and the direc-
tors of the former company.
1t Is clear from the tenor of COM
muncations received at this office
from stockholders that some, perhaps
many. stockholders understand from
Mr.. Norman's circulars and subscrip-
tion blanks that they are issued by
authority of this company and that
the suit is brought by this company.
The facts are otherwise.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
MIDWAY STRIKE is
NOT MERGER SYSTEM

,Lhe Midway strike reported yesterday
d dtOin ne old shaft is located In a winze
go N1 from me $50 at depth of about
olU IU ieet' The vein AS exposed Is from
three and oDe-haif to four feet in width
ana averages between $40 and $50 per
ION The drift from the new shaft has
undoubtedly do so. as the Merger people
nave nave worked up 10 the line OF the Md
,Besldes the strike In the winze. the
on the 400 which win avefage better tina n
sSo' sald Superintendent Erickson With
TIC INC cutting OF the Merger vein in addi-
sioIi 20 these two ore bodies already
opened UP. the Midway bids faIl, 10 he
come one OF the bir~est producers In the
cainp.-Tonopah Bonanza.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
CRANKY HAS OPTION
ON THE LAME FOOT

An option for $l50.00o has been taken
by tho CRANKY Smelling company on the
Lame Foot group of mines, near Curlew
axe IN Ferry county. Washington from
Dutch Jake" Goetz and Harry Baer,
proprietors OF the Occur d'Alene hotel in
Spokane. Deeds 10 the property are In
escrow In the Traders National bank
awaiting the result of diamond drill ex-
ploration. The group. comprising fifteen
claims. is located eight miles north OF
Republic. and the CRANKY company al
ready has a diamond drill at work. The
contract stlpula;es that not less than
$4,000 shall be expended in exploring
the deposits, principally an iron nuxlnG
ore. within eighteen months from May /.
1871. and at the expiration OF the period
the option will have TO be exercised or
viii lapse automatically
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
AMERICAN Fll
VERY B||sI|
Mineral Flat L.,J,
Good Grade ws;l
ing Fissure II
COMPANY MAY /
Several Properti., ,
on Shipping l&
| More Com.

So little Is heard 49,.
Fork district Of u,ss N''
world seldom take, NJ
consideration. but uccos.
brought to Salt LAX -.
NJ 'ohnaon. American
some splendid new vo,.
s''l's of Importance !, =
son 30. mas mas some especIalIr ;
rne.. ,ae Mineral Flat shareh.Is
ss,lI remembered that sreasss
several years ago dro.
INTO the heart OF ,bs NV
before operations Ws,s
Two parallel f!ss,,,ss, ss
nei were were eneountereS
and little attention Sss ~
,d lne 'lme Recently NE.
lease granted on on, ~ ys 4
me ieasers have been n s.,
gently for about ssyvs
Johnson states thar i ,ha
opened from fourteen 49, = Z
OIL hrst-class slipping y, y
character, with snr' ~
coming @ in. A car Of ~.
American Fork ON ,,o IL
eyT;.,.a eTs. and other shlpm.ss,ss' ,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
Heinze Wants Mine.

II has been rumored that II was the
intention OF +. Augustus EeinZe the con-
trolling stockholder IN the Stewart COM
pany, TO open the Gettysburg property.
which Joins the Morning mine Of the Fed
eral company at Mullan. and II is be-
lieved the proposed amendment OF the
articles OF the Stewart company Is to
permit the consolidation OF the two prop
critics. 10 be worked under the same man
agement or TO secure the necessary
funds with which 10 properly develop the
Gettysburg
An assessment OF 2 mills a share. an
nouDced last week. indicates that the So
nora company will resume operations on
It's property at Burke, Ida. The prop
erty IS located near the Marsh mine, and
is controlled by one Of the chief owners
of the Hercules mine. The Sonora has
been Idle for several years.
The United Lead company. operating In
The Osborne district. is now engaged in
sinking shaft $50 feet deep in the $500
foot tunnel which was run some wears
aso Ore opened by drifting on the ledge
from the point reached by the crosscut
carries promising values, and IL is be-
lieved that depth Will produce ore In
marketable quantity.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
Another Virgin yds

1t is thought in tina =, :.
eral Flat company wili y
near future to take ~ M /.
sure and do some prs..
same on company acsn',,, s
freely is expressed Ina,
well worth while. ''
Another leasing prouo5.,|
trict Is that OF The Pads,
tions are netting about 4.
Here, again. the corapssv
done the hardest pan Z
turn things over 10 Iea,.t,
man, WhjrlwLnd and On
producers Of old are hI
reports OF good strikss 4
heard throughout that Z,
the most interesting fid5
Yankee property. and n
certain 10 give q good r
this season. 4
Mr.. Johnson says.
Like so many section
present operator Is far11
major part Of his az
upper levels, not that B,
go TO depth, bur the ~
Is TOO abundant at dn
the man OF compaad|
means TO do otherwise eI
doing. There Is ever n
lieve that the American
will make another psA
conditions are favorable
mands big capital, and /
In time
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
TINTIC STOCKS ARE
ONLY ONES WANTED

With the exception Of one stock. Union
Chief. all the GALES made Saturday morn
ing on the local exchange were in Tintic
issues upon the regular board call, while
on the open board the unlisted sales were
Columbus Extension at one-fourth of g.
cent a share. and New Yerington at .
cents a share.
Sales yesterday morning were for TO-.
100 shares Of stock, the market value Of
which was SALTS. The weeks sales to-
tailed 4,051 shares, with a market value
OF S13,7S427.
The following were the closing transac-
tons:
UNLISTED STOCKS.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
BIG FOUR LEASERS
SHIPPING RICH ORE

A message from John +, Cowan from
Lovelock Saturday brought the informa-
ton that the Big Four lease on the
Rochester Mines or Nenzel property was
shipping some OF the finest grade ore that
has ever come out OF the camp, and there
Is a face OF ore ranging from twelve to
fourteen feet in width. The last four
cars, stated Mr.. Cowan. averaged SIS per
ton, while the last car forwarded to mar
ket averaged $50 per ton.
This ore comes from a depth Of about
236 feet and the Improvement In its eX-
tent has been remarkable during the
past few dayS,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
RECORD OUTPu'
CENTENlI1

AS II 10 show that 0,
tennlal- Eureka mine Of o
er;y OF The United 81
Refining & Mining conN
the bonanza division
and honorable history.
recently broke all record
For a period OF eleven q
averaged il5 tons Of On
Eureka Reporter, Valls
management lifted iN
rock and sent the sHins
way 10 the sn1elters
II is generally oelievca
tennial- Eureka reserTss
up at their normal p9la
that there are severn
serves in available smr,,| n
mine is in as good q CO.
was.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
NEW SHELTER WILL
BE BUILT IN IDAHO

N. ". Ditto is acting manager for a
group of Buffalo capitalists who have
incorporated the Red Bird Smelling COM
pany In southern daho near .Mackay.
The company has ordered a smelling
plant Of 100 tons capacity from a Denver
firm and expects TO have the plant In
opera ton by the first Of October. In ad-
dition TO building the smeIter. the COM
pany has purchased the following groups
OF mining claims: Red Bird, Skylark,
Silver Rule, Ella and Hood. The COM
pany will be In the market for custom
ores In addition to its own product.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
At the Orpheum Arch

The Orpheum Arch is the most con.
spicuous sign in town--everyone knows
about it. If your office was In the At
las block you could advertise lat the
Orpheum sign," in the Atlas block, and
you would be easily located. A few
desirable offices in the Atlas block are
for rent reasonably. Apply room All.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
Road Is Improved

American Fork cznIu-
beautiful and picturesf
ali Utah. and Il Is bsiu1
favorlte with the pso7*|
search of pleasure Str'
Should know II bettef q
Since the county took 4
II has been repaired Al
pair until II is today a
est roads In the slate
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10

FORENOON SA LES.
P1utus. 700 at 5ic; 700 at sac.
United Tintic, 1900 az &C
Union Chief 1000 at l7c
OPEN BOARD
Iron Blossom, 200 at s125
Union Chief. 1000 at lie
Tintic Central. 1000 al &c.
TOTALS.
Regular II. 400 shares for Si67.I5.
Open board, 2700 shares for $3.50. 90.
Totals. 20.100 shares !or SiiT.75
WEEKS TOTALS.
l54.051 shares for 5i3.7SI27
Ore and EulliCa.
The ore and bullion report FOR Saturday
given By Mccormick * Co. was al fol-
lows; ore received. SIS. 900; bullion
shipped. $4,000. total 100000
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
Ore Shipments.

The Utah Ore Samplng company on
Saturday released cars Of ore from
Utah. , from Nevada and | car from
Idaho cnmns.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
Metal Markef

The metal quotations FOR Saturday
posted by Mccormick 6 Co., were as FOL.
lows: Silver. J9c; lead. s4.47i; copper
Sl4-62s.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
Boston Mining Stocks.

James A Pollock & Co, bankers and
brokers. furnish The following. received
over their private wire yesterday after
noon:
BOSTON COPPER RANGE
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
STOCKS. ss.ls9 BY
GhAiNDcl COTTON
lanes A. Pe!!!!!a

BANKERS Az s'..,.
lss south Main NEa1, tsSs
Direct Private Pl,l,,sons -ssS
A1s SsorSressIpoOndsa9tssu 81 iIiIs
s1Iisa siaIlsis ln Mounts
Telegraph
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
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.