davidaulloa/AmericanStories huggingface dataset:
Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1913-03-19

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TINE pIsn COMPANY, BOX {, WARREb "a.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
PROPERTY IN IRON
COUNTY IS PROMISING
Salt Lake Man in Charge of
New Work Near Cedar
City.
REPORT is FAVORABLE
Chloride Canyon Mining
Company Installs Machinery
to Facilitate Work.
REPORT is FAVORABLE

c, c. Hathaway, mining expert Of this
city, was called 10 Iron county last
fall to examine the holdings of the
Chloride Canyon Mining company near
Cedar City. He made a careful exami"
nation of the property, and his report
has had the effect Of arousing anew
the enthusiasm Of j. R. Richards and
his Iron county associates, who have
held the claims d number of years.
The claims we're known to be rich in
silver and lead, but sufficient capital
for the proper operation of the mine
has been lacking. Following Mr.. Hath
away's report, however, work has been
resumed and new machinery is now
being installed preparatory to working
the prospect on large scale.
The main ledge of ore that the COM
pany had been working on runs east
and west through the entire holdings
Mr.. Hathaway discovered that another
ledge, just as rich in ore, intersects the
first at right angles. It is safe TO
assume, says writer in the Iron Coun-
ty Observer, that at the intersection
Of these two ledges of ore will be
found the mother lode, and it is with
this object in view that the company
is running new tunnel.
Mr.. Hathaway, who has had extensive
mining experience In Colorado, the
Black Hills and other mining localities,
is experimenting the work.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
SNOWF ALL CHECKS AN
ADVANCE IN PRICES
Wheat, Corn and Oats Close
at a Net Loss From
Friday Night.

CHICAGO. Dec. 20.--Snow west and
| southwest. giving needed protection 10 the
winter crop acted as q check today on
bullisb sentiment regarding wheat The
market closed ic 10 &c under last night
Corn showed a net loss OF Lice TO &c.
ana provisions varying from l0c decline
10 gain of a shade.
some OF the large longs We're evidently
Wiling TO represS O. rising tendency In
wheat, as they were selling on the hard
spots, but there was also substantial sup
port III the form of resting orders that
commission houses brought into play on
news regarding the Canadian wheat tariff
made caution seem necessary on the part
OF the bulls. DiSpa tches from Winnipeg
assorted flatly that the grain would be
made duty free In January.
Reduced estimates on the Argentine
eHportable surplus put some strength into
the wheat market the first half OF the
nrst by Euenos Aires cables telling OF
general rains in the harvest region, and
by an expected decrease in the United
States visible supply.
More than 100000 bushels excess this
week In receipts here over shipments
pulled down the corn market notwith-
standing temporary strength, due 10 the
forecast of a cold wave Prospects OF a
record -breaidng crop In Argentina cut a
hgure, TOO, in easing prices off. oats
merely reflected the action Of com E,le-
shorts
Provisions averaged weaker. as the
supply of hogs at the leading western
points showed an Increase OF 5S per cent
sales were noticeable in January pork
THE
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
WALL STREET EXPECTS
MARKET IMPROVEMENT

James A. Pollock & Co, Investment
brokers at I69 South Main street. sup
ply the following received over their
private wires yesterday:
From Logan e. Bryan, New York
There was renewal OF bullish activity.
engendered in great part by the more
friendly attitude on the part OF the ad-
mlnistratton as evidenced by the deci-
sion To permit the American Telephone &
Telegraph company to diyest itself of It's
holdings of Western Union and to con-
form to the laws without recourse TO
legal action.
We have felt for quite some time that
any encouragement from Washington
would be quickly reflected by marked
change for betteTment in sentiment, not
only in financial circles, but also in COM
mercial and industrial spheres. and now
for the assertion that matters are likely
TO DC handled In legislative sense
along such lines as will not Unduly ham
per or retard the progress OF trade and
the view that many who for some weeks
have been dubious and accepted the
counsel of their fears will not suffer
marked change In attitude and that de-
spite the fact that there are still many
problems confronting the situation, which
are unsoved, that hysteria will not be
a S prevalent as heretofore.
Shorts have covered rather freely, but
The outstanding interest continues large
and signs are not lacking OF disposition
on the part OF investors to take hold of
good securities. OF course, reactions will
be witnessed from time TO time, but we
believe that the current has been dell
niteiy turned, in SO far as the stock mar
ket Is concerned. and that new order of
things IS in the process OF being seen.
From Paine, Webber * Co. Boston
The market today showed the greatest
activity we have seen FOR many weeks.
II was full OF buying orders. which would
have greatly increased the volume of
business II they had been filed. but the
scarcity OF stocks caused sharp advances
all through the list and limited the trans
actions. This upward movement Is based
on a Arm foundation and we shall see
higher prices next week.
From the Gala CHER curb letter New
York.-Thc market was fairly steady. but
advances were IN only few specIalties,
the mining list being neglected. Indus
trials were higher.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
IMPORTANT POINTS IN
BUSINESS OF WEEK

The following summary OF important
business points of the week vas received
from New York over the private wires
Of James 4 Pollock & Co, investment
brokers a 169 South Main street yester-
day:
American Telephone & Telegraph
agrees 10 give UP Western Union con-
troll. TO buy up no more competitors and
TO extend long-distance connections 20
competitors.
owen Glass currency bill passes senate.
goes TO conference today, probably signed
Monday.
Bradstreets reports S7S failures this
week compared with 81 last week.
Indiana Pipe Line declares regular
quarterly dividend of 81 q share:
Commercial agencies report that aoli-
day buying has expanded and In most In
stances is larger than a year ago.
Receiver appointed for the New Or
leans Mobile &. Chicago railroad.
Bankers are relieved by the passage
OF the currency bill.
San Francisco telegraphers are taking
a strike vote.
Sugar brokers claim the impending tar
If reduction has reduced the prices OF
sugar below the cost OF production.
Elliott denies the Delaware & Hudson
is after the Boston & Maine road.
& big ocean rate war predicted.
Interstate commerce commissions an
nusl report wants greater federal power
over railroads.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
NOT MUCH PROMISE
FOR COPPER PRICES

The past week there was moderate
improvement in steel and copper, due
to buying by belated consumers, but
gains were greatly exaggerated. In
copper, reports were sent out of sales
of 100000 pounds, but, according to
the best authorities, transactions were
less than half that. Had anything like
75,000000 pounds been sold. prices
would have shown smart recovery.
Consumers stated that they were able
to get copper as cheaply last week as
in the preceding week, says Boston
News Bureau.
Whether copper prices will show a
further decline is problematical- Every
thing will depend on consumption. AS
it IS, consumption is now running az
least 80 per cent below output, which
means heavy gain in surplus stocks,
unless there is decided increase in
operations soon.
On present prices, several companies
are not earning dividend requirements.
Anacon,h, on present prices and pro-
duction, is showing a deficiency at a
rate of 100000 or more a year.
Amalga5nated is affected by Anacon-
da's earnings, as it depends almost en-
tiIely on the latter for It's revenue.
That Anaconda will barely earn its
dividends this year, on 15N cent cop
per, shows that 15 cents per pound can
be regarded as the danger level.
Steel companies are suffering a great
deal more than copper companies. If
United States Steel averages earnings
at S6.000,0o0 per month for November
and December, it will be doing very
we'll. This would mean earnings for
the time being at the rate OF $72,000,-
900 year, or far short of dividend re
quirements.
Reports have been current from Pitts
burg that q big buying movement in
steel was under way, but have not been
substantiated. There has been some
spasmodic buying, but the volume was
not sufficient to indicate any trend.
Consumers are compelled to buy from
time TO time, and temporary buying
movements tend 10 mislead.
Independents are worse off than the
Steel corporation, and there are some
that are not earning fixed charges.
About 80 per cent of mill capacity is
being employed. The minimum Is
placed at 40 per cent. On 40 per cent
operations, United States Steel could
not earn its fixed charges, as demon
strated IN previous depresslons. In the
first quarter of 1904 United States
Steel earned only s13,4450 In the
first quarter of 1908 earnings dropped
to $1S,229 900.
Conditions are different from those
of 1904 and 1908, as the industry has
the tariff to contend with. If foreign
prices continue low, there is little
chance of pronounced advance in this
market. This is one uncertainty that
makes forecasts as TO earnings diff
cult
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
COMSTOCK-PHOENIX
WILL SINK DEEPER

Superintendent Drysdale of the Com
stock Phoenix mine IN the Sir.Mile can
yon district states that the work OF
for the operations OF air drills and
sinking pump has been practically
completed, and that the new equipment
will soon be in practical use at the
mine, says the Virginia Chronicle. The
company proposes to resume sinking in
the near future below the 550-foot
level. which is now the deepest working
level, and where stopping has been un-
der way for the past several months.
A station for hoist is to be cut out on
the $50 and n winze sent down, and it
Is hoped to acquire an additional depth
Of 200 feet the present winter. This
will give two new levels on which TO
open up the vein that hns proved very
profitable from the surface down TO the
$50, aud will be among the deepest
workings ever acquired in The East
Comstock country,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
Dragon Prospecting 500 Level.

The Dragon Consolidated people are
doing some Important prospecting on
the mines 800 level, and within the next
few weeks they expect TO encounter the
King James and Martha veins IN the
line formation. II Will be remembered
that these veins were cut in the por-
phyry several months ago and that the
management decided to discontinue the
work there and drive drift toward the
east with view TO prospecting the line.
Frank Birch, the assistant manager Of
the Knight mines, states that on the 500
level thirty TO forty feet of work will
be sufficient to reach the King James
vein, and that the indications OF get
ting into an ore body are quite good.
Early in the week the Tintic Stand.
ard people purchased second hand
boiler from the Swansea Consolidated
Mining company, and as soon as this
boiler can be put in place at the former
property, work will again be taken up
on the 1000 level. The boiler which has
just been purchased is of 100 horse
power capacity.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21

markets were slow. although at the close
ot the week there was increased ANNA :
tlon and strength. The Irnprovennn.
was attributed 10 the stimulating indu-
gnce OF developments a. Washington
fasssee OF the currency bill BY the sen.
alc marked the virtual completion OF q
L2hG period OF uncertainty reea riding
SIta nges 10 be made in the country's
Dahling methods, Recent amendments Ia
tne OIL were received with favor In finan-
cial circles and II was felt that removal
OF inns factor o. uncertainty would have
Z beneficial effect. The sgreement for
GissoIrtion of the American Telephone &.
Ic'egIaph company without recourse 10
tiie courts gave promise OF 1esseniny OF
insurance which has attended enforce
ment OF the Sherman law
Inc nope was expressed that liaulda-
tloh or securities had been completed.
even though further trade contra ction
may nave to be faced. Expectations of
easier money markets after the turn of
the year were modified by consideration
OF the extent 10 which postponed re-
tons.
The bond ma rket shows few signs of
aIitiCipalory relnvestment demand al
though January disbursements will con-
sutute record. Firmncss In steel prices
lakes the form of unwillingncss to con-
tract ior distant periods. rather than
grown OF new orders. Mercantile or
GERS are light. but. for prompt deliverv
Indicating low stocks. Railroad traffic is
laillhg OH and forces are being reduced.
Hazards of the season detrac, from tho
isFora DIE speculative influence of the
nigh condition estimate OF winter wheat
Closing Stock List.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21

lean Radium company OF Denver. The
purchase was made from l.. =. Hammond
OF Moab.
Nevada-Douglas Copper company says
that the da mond drill going down from
the surface at the Casting Copper ground
has encountered twenty ~one feet that car
ries ., per cent copper.
Sinking Is being handled at very live
~ clip at the Eagle &s Blue Bell mine, az
Eureka, and Superintendent Owens is os
the opinion that the shaft Will be at the
1850 level by Christmas eve. At pres
ent a large quantity of fine ore is be-
ing mined from the 1925 level and the
1888 level, both OF which are reached
from the 1850 Wine, and the Eagle &c
Blue Bell 81 more than meeting tie diTi-
dend requirement.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
Coffee Futures,

NEW YORK. Dec. 20,-Smaller Brazil
ian receipts and reports OF steadier cost
and freight market were followed by an
advance in coffee today. European ca
Des were higher and the local market
opened steady, sc TO t0c higher. Dema nd
was scattering, but the close was firm.
eleven TO fifteen points net higher. Sales,
5000 bags. December. a,l9c; January.
9.23c; March, 9.49c; May, o75c: July.
9.9tc; September. 1013c; October. 10 o0c
Spot. steady, Rio No. z. 9ic; Santos
No, 4. 12ac: mild, quiet; Cordova, 13@
163c nominal.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
Prospecting Quartz at Emerald.

Edward Oakes, the superintendent of
the Emerald property at Mammoth,
states that he is still developing the
big body of quartz which was opened
on the 700 level of the mine few
weeks ago, and that while the higher
grade ore has not yet been found, the
showing could hardly be better, and ne
is confident that the work which is now
being done will result in the opening
of something good.
Two connections have now been made
with the vein on the Emerald S 700
level, tho second drift cutting the
quartz formation fully 100 feet farther
TO the north than the point where the
vein was first encountered
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
ONTARIO ANNOUNCES
ITS ANNUAL MEETING

Herbert Cohen. secretary. has sent out
notice that the annual meeting OF stock
holders OF the Ontario Mining company
for the election OF directors for the en-
suing year. and for the transaction OF any
other business that may legally come be-
fore such meeting. Will be held at Its Of
flee No. 120 Chronicle building. San
Francisco. Cal, on Monday, January 10.
1914, at II o'clock a. m
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
CASH QUOTATIONS.

Wheat-No rod, 95ao6c: No rcd o5I.Gai4c:
No.2 hard, saiSIs0c: No. ) bard. snGs9c: No.
northern, seaa9oo: 40. 3 northern, sShasal.c
No spring. sSis3SsSc; No. 3 spring sSTs9c
Corn Cnewl-No. ?. 7oHa7oHo No white.
50h 67oac. No. yellow. 7cl& 87O&c: No 5. 64&
966c; No. white. 65s G57c: No. ; yellow. s5I,
6Ti5c
oat-So 3 white. +oaaoIo; standard Hisc.
Barcy-5eGI6c.
Tlmothy-St o0fp5.ao
CloveT-yi2 2Sdllc AZ
Pork-s2i. 256ci.5o.
Lard-.0.G0
Rbs-slO 501lla5
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
New York Money,

NEW YORK. Dec. 2o-csl, roooey. nominal. no
loans; time loans, easier; sixty days, 595is per
cent; uinot7 DAYS. per cent: six months 8 per
cent mercantile paper, 6%9s per cent: sterling
exchange. steady: sixty days. sLSI. demand
81 Ss 90: commercial bills. sLs0s; bar silver. SIC
Mexican dollars, HSc: government bocdf. steady
railroad bonds, B.roug.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
Flax, Oats and Rye.

MINNEAPOLIS, Dec 2o.--F1our, un-
changed.
Barley, 449s7c-
Rye. 4Sm55c.
Bran. S2l.00.
Corn. No. yellow. eot961o
Oats No. white, 362c-
Flax seed, 81 i6t
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
New York Produce.

NEW YORK, Dec 20.-F7our. steady
Wheat-Spot, steady; No. req 500
nominal elevator domestic and s1.01 {. o.
b. ahoat; No. l northern Duluth, 9o5c T.
0. y. anoat Futures steady. December.
9T3c; May, 3S3c; July, 95gc.
Hops, easy; Pacific coast. 1912. 22824c
Hides, steady.
Petroleum. steady.
Wool steady,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
LIVESTOCK QUOTATIONS.
Omaha,

SOUTH OMAHA. Dec. 2o.-IIogs-Re-
ceIpts, 6700: strong; heavy S7600TS5:
light, s7.l5@75o: pigs. s6.7597.1o; bulk
Of sales. s7.3097.60.
steers. ss.00@9.50; COWS and heifers,
S5.S5GS.0O; western steers, SSO0@S. 90
Texas steers. s5.75@7.l5, range cows and
heifers. SIS. 5.60@720; calves, S625@10.0O.
Sheep-Receipts. 100; steady; yearllngs,
sc 0O46.6o: wethers, s4.s0@5.30; lambs,
S6S012S0.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
Chicago Produce.

CHICAGO. De- Observation-Disclosures.
Ecgs-iiighor: receipts. 2eo9 cases. st marx
cases included. 3683ic: ordinary flrots, es62ac
firsts aic.
Chccso-Unchonged.
Potatoe.-Reccipts. tventy-slr CATS; unchanged,
Poultrr-unchanEod.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
Mining Notes.

Word comes from Butte that the Davis
Daily Is now shipping 800 tons Of ore q
day, mostly from the Hesperus vein
i. A. Clark has completed arran nse-
ments for the purchase of thirty claims
covering coo acres of land, for the Amer
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
Eyaporated Fruits.

NEW YORK, Dec 20.-Eveporate6 ap-
plies. firm: fancy, 1l@l2ic; choice, 9ld9Sc;
prime. S9Stc.
Prunes, firm.
Apricots, quiet and frm.
Pea ches. barely steady.
RaisinS. quiet
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
Ores Refractory.

1t is true that Tintic ores do not give
up their values very readily to the ordi-
nary process of milling, but surely there
is some way Of overcoming the difficult
ties encountered in the treatment Of
these hard refractory ores, and when
the mining men once get busy along
that line they arc going to solve the
problem.
Early in the coming spring work will
no doubt be started on one and perhaps
two new mills and just as soon as there
is some way of taking care of the lower
grade ores we can look for revival Of
mining operations here in Tintic-a real
boom such as the camp has never ex.
perienced, ii the higher grade of ores
of the camp Will support the present
population, it is safe to say that twice
the number could find employment here
if the mines were able to extract both
the shipping product and the milling
grade Of ore.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
T|NT|C LIKELY To
HAVE SEVERAL MILLS
Several Operators There Con-
sidering Reduction Plants to
Handle Low Grade.

In order to handle heavy tonnages
OF low grade orc now almost valueless,
many Of the large operators OF the Tin
tic region are seeking satisfactory
milling processes, and it will not be
at all surprising if number OF mills
arc constructed there during the next
year, according to the Eureka Reporter,
In addition to the high grade ore de-
posits from which the Tintic properties
are making regular shipments, almost
every one of these mines contains vast
tonnage of the low-grade ore for which
there is no market Conditions are
pretty much the same IN almost every
mining district in the west, but in most
of these districts mills have been coa-
structed TO take care OF the low grade
product. Everywhere but here IN Tin
tic milling goes hand in hand with min
ing, and instead Of leaving the milling
ore IN the mines, it is taken out and
made to yield considerable revenue.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
d0(K MARKET RESPONDS TO
|THE NEWS FROM WASHINGTON
salings Are on Much Larger Scale and Prices
of Securities Move Up
@ Vigorously.

Work.. Dec. o0.-An emphatic
was made by the stock market
The news from Washington OF
y .,,.rlcan Telephone dissolution
nj and the passage by the senate
|.ti'em 'emrrency bill. Dealings were on A
larger scale and prices moved up
rr.Iv It was felt that the dissolu-
4 .r,eencnt. besides removing from
Lar Telephone the menace of a
4 ,,asr the sherman law, would
NV lessen talk OF government own
"a n telephone and telegraphs. which
-s,r has been an active factor In
s.,rv American Telephone and
,.,r Union TO the lowest quotations
,,,rs The statement OF President
.a,,e \. Vail OF the telephone COM
! ,s.t "neither the Bell system nor
western Union will suffer" helped
npturn.
!, more influence ulan the dissolution
-.,,,,, itself was the statement OF
..,a.r, Wilson In that connection, ex-
|-dnr the administrations nope OF
- m b,,ild the business OF the coun-
e sound and permanent lines 1t
fsIt that the American Telephone
,,rsnt indicated what might be done
'.ssss OF other corporations under
.tIny or attack. and that. In view OF
sstorney generals expressed hope OF
lssrv antitrust suits, stock market
'crhsnccs Incidental TO such proceed
4 might be minluli5ed.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
Kansas City,

KANSAS CITY. Dec. o0.-Hogs-Re-
ceipts, 1000; steady: bulk. SL45@7. 65
heavy, sG6Q@I.T0. packers and butchers.
S7;50@ISo; light, $Tio@7.6o; pigs, s6.5o@
7.2s.
Cattle-Rcceipts. 500: steady: primo fed
steers, sS.25@9.5o; dressed beef steers.
s7.oo@S:25; western steers. Ssoo@s;79:
100; heifers, s6.5o49 90: stockers and
feeders, So, 5097.5o: bulls. 5000 T. 90;
calves, S650@16,50
Sheep-ReceIpts. none: steady: lambs.
s7G097.s0; yearllngs. s5.5066.75; wethers,
si.50W5.25; ewes. Si,00@i.60.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-21
ling Excited.

<rican re!epnone was the ceptcT OF
"A trading at the opening. The first
kctiou was given as q block OF 20oo
a Al I20i TO 124, sales three and one
,oIpts apart being made at the same
f, The top price was 124a. q gain OF
a noInts. which compared with the
"a low figure Of 10. Subsequently
4 was reaction, and the close was
1fH. Other securities Of wire com
~ also we're strong. American Tele-
a conyertlbies were bid up three
"a as was Pacific Telephone, Stocks
II Mackay companies. which control
pa6tal telegraph, rose two and one
rtfr 10 three points Western Union
IA with a gain of two points, but
4 reacted FIVE points, closing with q
'loss OF two and one-half points.
\, whole market was strong and ac-
Sugar. National Biscuit and Cana
pac.ic gained three TO four and one
points. Advances in general ranged
. one 20 one and one-halt points
his showed strength. Total sales,
|Islue, $2,10Q.000.
|1!led States IS coupon advanced Z
Panama IS coupon or the week.
New of the Week.
~ the approach OF the year-cnd,
<1bon showed disposition TO wait
annual settlements and finan ncial