davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
DEER TRAIL ORES
WILL Be M|L[ED
Report Is That Experiment
Plant Will Be Built Near
Salt Lake.
SUCCESS is ASSURED
Potash Deposits Near the
Town of Marysvale Are of
Great Value.
SUCCESS is ASSURED
Special to The Tribune

Special to The Tribune
MARYSVALE, Utah. April 3,--SprlnS
opens with an unusually prosperous out
look for Marysvales mining interests
A few weeks since the raise from work
Ing tunnel OF Deer Trail up TO ore bodies
was completed. and some fifteen feet OF
ore exposed, the existence Of which was
heretofore unknown. During the past
year the magnificent ore bodies. un-
touched in the years gone by. have been
fully doubled, and are now ample
to supply a large mill during years to
come. The combination OF metals. and
talcy character of the ore, have made
the problem of economical extraction un-
usually difficult A long series Of labor
atory tests have, ii is learned, finally
solved the question. and 1t Is understood
that the Salisbury Brothers will erect a
small experiment plant north Of Salt
Lake City for the purpose OF determin-
ing whether or not the la boratory tests
VIII work out successfully In bulk reduc-
ton, on the success of the experiment
plant depends the question OF large re-
ductlon works at the mouth of the Deer
ro
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
RIGHT Of COMPANY
TO U|VL|sT STOCK
Goldfeld Con. and New York
Stock Exchange Locked in
Deadly Struggle.

According TO eastern advices. the New
York stock exchange is wrestling with
problem which gives promise OF being a
Struggle compared to which the expert
ences of Jacob promise to be a mere
warnllng-up exercise. This problem is
nothing more or less than whether a
company once listing Its stock on the
exchange can voluntarily withdraw such
stock regardless of the desire OF the eX-
change Itself.
The Goldfield Consolidated Mines COM
pany has raised this Issue for the first
time by requesting that its stock be
withdrawn from tho exchange. The ex-
change officials arc considering the mat
place. 1t is asserted. the exchange Is
endeavinE to ascertain whether the in
stitution owes 1t to the Goldfield share
holders to prevent such consumption;
the exchange posing as the guardian ad
Item Of these shareholders.
In tho second place. the exchange Is
wondering whether II should not throw
the stock from out OF Its sacred precincts
bodily and without any preliminaries sim
ply because the Goldfield company has
broken one OF the sacred rules OF the
field company was the appointment OF
combination registrar and transfer
agent when the rules say that the regis
trar and transfer agent shall be sep
arate agencies,
This naturally creates the lnqulry-if
the exchange Is so worried about the
poor shareholders that 1T wonders II 1t
should not prevent a voluntary with u,
vision, how can It disregard the interests
of those selfsame shareholders by physi
cslly kicking the stock Into the middle
OF the street because Of breach in the
Observance of what appears TO be an
unimportant rule Of the institution?
II is not thought that an appeal TO
arms will be, necessary to settle this
tremendously important point OF ethics.
The listing of the stock by the Goldfield
company on the exchange looks TO the
average American as nothing more than
a contract between tho two. The fact
that the company desires to remove Its
stock from the exchange is pretty good
evidence that the officials feel H. is bet
looks as if the appointment of q combi-
nation registrar and transfer agent is a
gentle suggestion OF the Goldfield COM
pany that IL the exchange is unwilling
TO part as friends, then let II be other
wise,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
HAPPIER TONE TO
MARKET OPINIONS

James A Pollock G. Co. bankers and
brokers: furnish the following, received
over their private wire yesterday after
noon
Paine. Webber & Co, Boston-Trans-
actions in stocks today were still small
in volume. For. most of the session
changed. In last hour sharp advance
in Amalgamated brought n flood OF buy
ing orders into the local list and the
close showed great activity at highest
prices of the day. The so)dout condition
of the market is becoming more appar-
ent every day and the outstanding short
Interest is big enough TO put stocks UP
| . to 10 points
Logan & Bryan. New York The mar
ket drifted aimlessly during the fore
noon and the early part of the after
| noon but in the last hour rallied vigor-
ously, accompanied by reports to the
effect that the presidents forthcoming
| message to congress would be a consery-
! ative document. and would deal with
constructive hopes. The, activity on. the
! Can and Lehigh was taken as an indl-
cation OF the friendliness OF certain in
terests to the buying side OF the mar
was absorbed freely, with talk In circu-
| lation to the effect that recent sales OF
the metal had been very heavy and that
| large producers were not offering the raw
| material under l5s cents per pound
| As is usually the case. the advices cir :
| culsted TO account for price making
course of tho market. so that at the
| close cheerfulness was quite pronounced
| Market has long lacked leadership on the
bull side, but there is now rather more
! committed to the side OF advancing
prices again participating quite freely
| on the buying side. Shorts today were
very nervous over the fact that offerings
! quence general rush 10 cover shorI
contracts was reflected by buoyancy
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
PURPOSE FOR NEW
BONDS EXPLAINED
Nevada Douglas Copper Com
pany Issues Statement to
the Stockholders.

Since the announced determination oi
the Nevada Douglas Copper company OF.
flcials to request the shareholders tc
the company as needed. a. great deal Of
interest has been centered in this cop
per producer OF the Yerington district
OF Nevada, The company has prepared
a statement regarding the proposed bono
Issue, OF which the following is a copy
In connection with a notice that
has just been mailed TO Nevada
Douglas stockholders regarding an
issue OF bonds. We wish to point out
that:
This company commenced produce
tion January I. 1912. To January /,
1918, 1t had produced $4,000 ions
OF ore. netting approximately $780,
900. Aside from the S125,00o paid in
dividends. this money was expended
waterworks, houses. cabins. club
room. development work and mine
equipment. both above and below
500 tons Of orc per day as readily as
il could 200 tons at the beginning OF
last year.
Nevada Douglas has spent much
less money for development than is
usually expended on copper proper
ties OF equal magnitude. Had It
owned its own reduction works and
been IN poSltlon 70 produce 1QoO
tons day, thereby taking advantage
of the high price OF copper during
1912. its profits would have run to
nearly S2,0o0,0O0.
The company has about 500 acres
OF mineralized territory which. as
far as developed, has responded most
generously This justifes the man
agement in pursuing an aggressive
and progressive policy. Why be con-
tent with 500 tons per day II It can
be made to produce several thousand?
To do this means the continued out
lay OF money. 1t seems hardly fair
however, to make the first two or
three years bear all this expense,
Hence, the proposed issue of bonds.
1t is proposed to use the roceeds
OF the bonds for certain definite pur-
poses. the most important OF which
are the pushing OF development work
and attendant improvements Gnclud-
Ing accommodation for 800 men and
their familles) reduction plants and
gysum mill. the refunding OF
outsta nding bonds and acquiring
properties or stocks In other compa-
nies.
The bonds will be taken care Of by
putting aside from 10 to 90 per cent
OF the net earnings as sinking
fund, leaving the rest available for
dividends.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
Alunite Deposits.

Some two years since 1t was dscov-
cred that the great wall of pink spar
the Bullion Cottonwood divide southwark
toward Cottonwood creek distance OF
$500 feet, is alun!te. and of tremendous
importance to the manufacturing and
agricultural industries OF the United
States A conservative estimate OF the
valuable contents OF the mineral called
alunite is 10 per cent potash. and 35, per
cent aluminium oxide. Taking two-fifths
OF the aluminium oxide as a conserva tive
basis for figuring, tho alunite will yield
$50 pounds OF the metal aluminium. which,
at % cents per pound, returns a gross
value OF $50 per ton for the raw material.
And VI Is estimated that the potash con-
tent Will pay all costs Of extraction, thus
leaving the aluminium content as net
profits.
Over the exposed distance of $500 feet
the vein of alunite is easily twelve feet
wide. and at the lowest exposure has
a vertical depth below the surface OF 900
feet, And as the south end OF the eX-
posed vein Is some 1000 feet below the
north exposure, there Is more than a
depth of 1000 feet AS the spar weighs
about l75 pounds per cubic foot. the
reader is invited 70 estimate for himself
the value OF the deposit
About 1000 to 5000 feet west OF the
alupite vein above described is another
large deposit. SO far as opened at SUI
periicial depths the vein varies from six
10 6fty-two feet in width, and is ABOUT
much further toward the south where
the debris from the mountain is much
thicker. There is no reason why this
more recent discovery of alunite should
neighbor TO the east. Nor is there good
reason to believe that all the alunite.
In commercial quantity. has yet been
found in this Marysvale country.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
ASSESSMENT NOTICE

The Columbus Extension Mining COM
pany; principal place OF business. Salt
Lake City. Utah.
Notice Is hereby given that at a meet
Ing OF the board OF directors held on the
10th day OF March, 1913, an assessment
OF two (2) cents per share was levied
on the capital stock OF the corporation,
payable TO F. B. Cook. secretary. on or
before the Goth day of April: 1913, at his
office. 402 Felt building, Salt Lake City,
Utah. Any stock upon which the as
1918, will be delinquent and advertised
for sale at public auction and unless pay
ment Is made before that time will bs
duent assessment, together with the cost
Of advertising and expense OF sale.
F. 3. COOK,
Secretary OF said company; office, 4o2
Felt building, Salt Lake City, Utah.
r34S4
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
FIRST STEP TAKEN
TO LOWER RATES
Complaint Filed Against the
Eureka & Palisade Com
pany of Nevada.
OPEN WHOLE QUESTION
Nevada Paper Says the United
States Company IS the
Active Factor.
OPEN WHOLE QUESTION

According 10 the Eureka Sentinel OF
Nevada which has been following close
" the events pertaining to the resump-
.ton OF business by the Eureka & PAIL
sade railroad line and the revival OF
mining in the Eureka camp. the United
States Smelling. Refining & Mining
company has filed a complaint with the
Nevada railroad commission against the
Eureka G. Falisade company. This is
expected 10 be the first step towards
threshing out the long disputed railroad
freight problem of that section.
- The United States company is the
owner of one Of the Oldest and largest
OF mining properties in the Eureka camp,
the Richmond Eureka mine. and the
company is very desirous OF resuming
active operations, as the ores of this
property. while low grade, are especially
Desirable FOR smelling purposes, and tho
Inted States company can utilize a
generous tonnage OF this ore for its
Salt Lake smelling plant. But the claim
has been made repeatedly for a year
past that the Eureka & Palisade rail-
road freight rates were too excessive TO
admit OF again placing the Richmond
Eureka mine on an active operating
huSis
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
Only One Resource.

Efforts TO get the railroad company
10 lower its freight schedules have
proved abortiye. SO. as the Sentinel points
out, the only recourse was an appeal to
the Nevada railroad commission. This
viii at least bring the matter to an Is
sue and an early solution is hoped for
by every one connected with the large
area OF rich mining and agricultural
territory within the zone OF this railroad
line
Several years ago the Eureka g. Pail
sadc railroad line was practically wiped
from the face Of the earth by severe
floods and tho property was sold at
shcriff's sale To the United States COM
pany. The property, however, was re-
deemed by the original owners and the
line rebuilt. Little business has been
done by the line. and little has been done
In the mining camps tapped by the
road. because of the alleged excessive
freight rates Once these rates are
brought down. there will be a splendid
revival OF activity at Eureka, one OF the
famous old mining camps of the west.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04

FORENOON SALES.
Seven Trouehs 100 at 3qc.
Uncle Sam. 300 1T 92c.
Union Chief. 1000 at lc: 1000 at &c.
Victoria Con, so at SIC; 50 at sec.
Shares sold. $500.
Selling value. s2o7.
OPEN BOARD
Iron Blossom, $50 at $1.42t
Crown Point. 100 at &C.
Colorado, 100 at 13ic
Opohongo. 1000 at sac.
Victoria Con. 1900 at b5c
Sharles sold. $3.50
Selling value. si458.75.
AFTERNOON SALES
May Day, 1900 at l2c: 1000 at 12sc
Musgrove, 500 at 10c.
opohongo. $500 at sac
Prince Consolidated. 100 at Sac
Silver King Coalition. 200 at s3o23
Victor Consolidated. 400 at 4c.
Wilbert, 1000 at Sc
Shares sold. 1900.
Selling value. $2005.
OPEN BOARD.
Iron Blossom, 200 at sI42b; zoo at 81 As
Nevada Hills. 100 at 81 .O5
Silver King Coalition, 200 at 1924.
Shares sold. 100.
Selling value, 1885,.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
NEVADA ROADS NOT
IN VERY GOOD TRIM

The Ely Consolidated management IN
rounding out Its newly purchased Cop
per Queen property in Nevada is being
delayed in getting in supplies by the
heavy roads. six horse teams being nee
dInarily two horses would be necessary,
Despite this delay, the bunkhouse is COM
pleted and more men can be employed
as a consequence. The company Is at
work developing the ores and doubtless
much better progress can be made with
the drying up OF the roads.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04

Rheumatism as a result of kidney
ache and sore kidneys will all yield to
the use of Foley Kidney Pills They
are tonic in action, quick in results,
curative always. w. S. SHELTON, Stan
ley. Ind, says: 81 would not take
800 for the relief from kidney trouble
I received from one single box of Foley
Kidney Pills, - Schramm-J ohpson,
Drugs, 1.-THE Yer-Substitutors. - Five
(5) good stores. ertisement.) J
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
NOTICE OF A SPECIAL STOCkHOLD
ERS' MEETING OF UTAH FISH
SCREEN G. POWER CO.

Notice is hereby given that upon Mon
day. the 2lst day OF April, 1913. at 4
o'clock In the afternoon OF said day. at
the office OF Utah Fish Screen e. Power
company. 217 Mcintyre building, Salt
Lake City, Utah. there will be a speca,
meeting OF the stockholders OF the said
corporation for the purpose OF consider
ing a proposition to increase the capital
stock thereof from $500 900 TO $3.50. 600
by amending article of the articles Of
Incorporation so as TO provide for such
increase. (Signed)
WILLARD SCOWCRQFT,
President
II. B. JOHNSTON,
Secretary.
r34o5
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
Mining Notes

Grant Snyder left yesterday for Wis
consln on professional visit
Edward r. Zalinskl has returned from
a three weeks professional visit to the
Goldheld and Tonopah mines.
The March copper production OF the
Miami company was 100000 pounds, as
compared with 2,S17c00 pounds In Feb
ruary.
The February earnings of the Gold =
field Consolidated company totaled S34s.-
$50, or $13.06 per ton. The costs per
ton during the month were $500
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
Bully Boy Finds.

Work OF enlarslns ore bins at tho bully
Boy mill In Bullion canyon Is being done.
and preparations are being made for a
prosperous seasons run. Developments
in the mine arc all that could be hoped
for. Raises from the lowest tunnel are
much of the ore running into shipping
grade. A winZe Is also going down from
tunnel to the 200-foot mark, and is In
good ore down to a depth of $50 feet
below the tunnel level or a depth Of
800 to 1000 feet on the dip of the vein
which desccnds at about 60 degrees from
the horizontal. This latest development
work proves beyond question the per-
manency of the Bully Boy contact ore
bodies.
At the Shamrock, situated some 5000
feet west OF the Bully Boy, G. +. Dalton.
the locator of the old Dalton group. has
a small force OF men extracting ore at
a depth Of 800 feet, and has fine show
Ing. The ground is opened by tunnels.
raises and wines. Tine face OF lowest
tunnel is all In ore, two feet OF which
is high-srade shipping-a copper glance
carrying good values in silver and gold.
Regular shipments are being made.
Between the Shamrock and Bully Boy
are numerous assures with fully as good
surface showlngS as at the Shamrock.
that are idle because OF lack of interest
on the part OF Utah mining men in this
district Many OF them prefer 10 invest
in faraway "gulches, where townsite
sharks are the principal assets. to open
this locality, where they would have at
least an even break" on their invest
ments, But since the dawn OF human
intelligence distance lends enchant-
ment" and God s country is always
just over tho next hill
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
Chances Are Favorable.

The Sentinel SAYS in part:
The past achievements OF Neva.-
da's railroad commission In bringing
about sstisfa ctory adjustments be-
tween contending interests in rate
matters lead the Sentinel 10 look
with much favor upon the present
situation. and il believes II the rail-
road commission can succeed in
bringing together the heads or the
two contending companies. salts
factory settlement may be brought
sbou, and everybody in Eureka live
happier and be prosperous forever
after
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
Is Ideal Field.

Bullion canyon. from what Is known
as the falls east TO the valley, Is a
line Of stupendous faulting (an east-west
lateral of the great "Sevler" fault, and
the north south fssures on south side OF
Bullion canyon are laterals, and with not
the slightest doubt that they descend to
great depths. And not even In one
instance have those metal-bearing hs-
sures failed to produce better and larger
shown on the surface. \ year or so ago
an expert, whose experience has been
almost exclusively gained in the lead
and zinc mines OF Missouri and other
eastern districts. said to the writer
Whats the use OF going deeper on the
assures of Bullion canyon when nature.
by erosion, has developed them to a
depth Of two or three thousand feet?'
The fact Is that nature, by glacial
Flowing and other processes of erosion
has not "developed'' those Bullion can
yon laterals TO a depth OF more than 200
feet below the original groupings. Prior
vast sandstone flat, with superimposed,
lower carboniferous limestone. And the
seeming development" by nature is ow-
Ing to the fact that on each side Of the
Bullion fault eruptive material built up
great ridges known as the Bullion
Cottonwood" and Bullion Beaver di-
vides. Those divides are the results OF
successive volcanic outpourinsS OF rhyo-
lite, phonolite and kindred eruptves.
rather than the result OF glacial eXcava-
tion of the canyon Itself And even a
the self evident truth as shown by the
height OF the bedded quartzite which
disappears horizontally on each side OF
the c3nVOn
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
CHINO MARCH OUTPUT
OVER FOUR MILLION

The copper production OF the Chino
property during the month of March was
4.5S7,509 pounds. compared with 3,S139 99S
pounds in February and 2,903. .030 pounds
in January. This is quarterly output OF
l1.304. .537 pounds OF copper, indicating
an annual production OF close to so. 10000
pounds, The recent reports from the
property are that the mill is not only
handling A larger tonnage but the grade
OF late has been much better, and Chino
conditions arc considered satisfactory.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
IRON BLOSSOM IS
STRONGER ON 'CHANGE

Iron Blossom recovered a little OF its
lost strength Thursday on the local ex-
change, but there was not the abund-
ance OF the stock available as was the
case on Wedn esday. 1t was a much bet
ter day than has been experienced for a
week or two. There were sales for 23,o50
shares OF stock the market value of
which was S5.025.75.
The following were the closing transac-
tions
UNLISTED STOCKS
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
TELEPHONE DIRECTORY.

The May issue Of the telephone di-
rectory goes to press April 9Th.
This is to notify our subscribers
that all directory changes or addi-
tions must be in on or before above
date, to appear in the new directory.
THE MOUNTAIN STATES TELE-
PHONE C TELEGRAPH COMPANY.
(Advertisement.l
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
Ore and Bullion.

TIE ore and bullion report for Thurs
dsv. givcr by Mccormick & Co, was as
follows; ore received. s1740n0: bullion
shipped. SIS, 200. total. t2fo 900
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
NEW YORK CURB CLOSE.

Nevadas In San Francisco.
James 4. Pollock e. Co., bankers and
brokers'. 16o South Main street, furnish
he following. received over their private
wire this afternoon:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
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, 1913-04-04
San Francisco Oil Stocks.

James A Pollock 6. Co.. bankers and
brokers. furnish the following, received
over their private wire yesterday after
noon:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
Ore SHIPMENTS

The Utah Ore Samplns company on
Thursday released cars OF ore from
Utah from Colorado and from Ne
vada camps.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
Metal Market,

The metal quotations for Thursday,
r3osted bv Mccormick & Co.. were as fol
lows: silver. 5sic; lead. 1876; copper,
s14.52t.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-04
DEAL FOR JARBIDGE
.GROUND ROUNDED OUT

: deal has been rounded out by the
Benan interests of the Jarhidge, New,
district whereby strong Chicago capital
is,s acquire 81 per cent of the Buster
possessions OF the camp on the basis Of
1855. ono for the whole property. The
deal calls for the installation of a tram
wsy and milling plant for the property
within Certain time limit, meaning the
Placing of this prcposition upon an early
production basis The property is report :
cd 10 he very generously provided with
gold ores. an item one will believe nee
essarily a condition precedent TO the
consumnla ton of the above deal
Boston Mining Stocks.
lanes A. Pollock e Co. bankers and
brokers'. furnish the following. received
over their private wire yesterday after
noon:
BOSTON COPPER EANGE