davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
MARKET is WEAKER,
BUT OUTLOOK GOOD

James A. Pollock & Co., bankers and
brokers. furnish the following, received
over their private wire yesterday after
noon:
Paine, Webber &, Co.. Boston-Today' S
arket was more nervous and reaction
ary. Traders who bought stocks carly IN
the week were inclined to take profits
IA ther than carry them over Sunday,
However. consid ering the advance made
this week, the action of tho market is
highly satisfactory and with occasional
reactions we believe prices Will gradually
work higher. The metal market has un-
dergone a remarkable improvement this
week. Sales OF 75 000, 900 pounds have
been made. two thirds Of which was for
l4ic
Logan G. Bryan. New Yorll-The mar
ket receded moderately on realizing sales.
which was not unnatural after the buoy
ancy displayed yesterday, Offerings, how
ever. were quite we'll taken and the list
as a whole. may be said TO have displayed
a rather firm undertone The only news
OF Importance was that bearing on the
with which appeared to suggest that et-
forts wiil be made to force a resumption
OF peace negotiations at an early date,
The bank statement presented rather
fair exhibit. but as far as monetary con-
ditons are concerned It is still realized
that a pronounced expansion Of loans at
this center would probably initiate
loans In the interior. and. therefore, while
more cheer is in evidence. and while un-
derlying conditions seem to denote that
the prevailing level of security prices Is
attractive from an investment view
point. the belief that moderate turns
should be accepted appears warranted.
We rather anticipate an active trading
market and continue to favor the buying
side on the occasional recessions.
Gallagher, New York-The New York
curb market was extremely dull, there
being practically no feature. The oils,
tODaCCOS and lnduStrl2lS remained oHXr
with small trading. The mining stocks
were dull and heavy.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
Mines and Mining i'm Ore Districts OF Utah
CONCRETE COLLAR At
THE GEM|N| SRAF 7
Mine Is Proud Possessor or
Latest Wrinkle in
Haberdashery.

The Gemini company OF Ilntic l.
another Utah mining organization TO
take advantage of the beneflts OF con
crete for the collar of the shalt, ana
this work. which has been under way
for several days. will be completed 'n
q few days more, from which time on
ore production will be resumed at the
normal gait The Gemini shaft when
started wes cribbed for about thirty
five feet, and the concrete collar VIII
be a welcome innovation from the
standpoint of efficiency and safety
hereafter. -,
While shipments during July will
be interfered with by this improve"
ment, the management believes that
results for the month will be equally
as good as those in June, II not better,
and June showed an increase OF sew
eral thousand dollars over May: The
hold over production Of June to be set
tied for in July promises to equal the
value of the June settlements alone.
1t will be seen, therefore. that the
Gemini is in first.class earning posi-
tion.
While a close corporation, the Ge-
one for its shareholders, and during
its productive career since 1890 the
mine has produced approximately
$4,000, 900 worth of ores. of .whi!ch
s2,1S0,000 has been distributed IN the
form Of dividends. Both company and
lease activity in virgin territory con
tinues almost daily TO bring new re-
sources to view, and that the proper
tvs virgin formations are still capable,
Of producing the high grade material
that has made the mine noted in the
past is evident from the car-lot ship
ments now being made which run as
high as 800 or 400 ounces of silver to
the ton.
The Gemin is striking Illustrate
of the we'll known saying 70 the effect
that as long as there is untouched
ground within the ore zones OF Tlntlc
there is a splendid chance for new and
rich resources being discovered.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
Emerald Operations.

For the past two months the En-
erald company has had a small force
OF men AT work In the main shaft,
putting the shaft tImbers and guides
In frst-class shape. in order that
work can again be taken up on the
mines deepest level-the 100. Su-
perintendent Edward Oke states that
this job Is now practically finished
and that within the next week ac-
tive operations will be resumed un-
derground.
On the 100 level drift will be
pushed out toward the north, per-
haps 1900 feet, and then a winze will
be sunk In order 70 reach an ore de-
poslt which he says was encountered
during the time that the Emerald
was operating from the 2o00 level of
the OpeX.
It will be remembered that the
Emerald people did considerable deep
prospecting during the time that
they had the use of the Opex shaft
and machinery and that q disagree
ment between the two companies
brought this work TO an abrupt close
something like two months ago
The force at the Emerald Is lust
a little bit proud OF the record which
they have made in the retimberlng
OF the main shaft, about 1000 feet Of
umoers having been put in place in
one month and nine days This rec
ord for rapid timbcring will no doubt
stand for some little GiIne
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
QUICKSILVER MINES
WILL Be CONTINUED
Nevada Discovery Will Not
Utterly Destroy Industry
for a While Yet.

According to some of the newspaper
reports coming from Nevada there has
been such Il tremendously great and
rich deposit of cinnabar developed in
that state, and all conditions for its
production are so ideal, that the
worlds quicksilver market is to be
utterly upset and all competition is to
be driven from the field. The whole
campaign of corraling the world 8
quicksilver trade is arranged, the thing
is finally settled, although no mention
is made OF a hole SIX inches deep any
whore in the new field,
The mining OF cinnabar is not new
industry out west, there are Il great
many people now III the land of the
living who have had experience in this
branch of mining, and they appreciate
to the fullest extent that quicksilver,
elusive and inelastic in its metallic
form. is equally elusive in the ore form,
and that surface deposits frequently
are longer, wider and thicker than they
are six feet deep. 1t may be just as
we'll, therefore. for the many interests
all over the world now mining for
quicksilver to continue on with their
tasks, never giving up the ship until
the overwhelming billows of the metal
from Nevada pour with resistless force
throughout the universe.
Once upon a time the surface of Ne
vada contained such tremendous
amount of gold that investors were
urged to buy stock in hurry before
the Nevada product completely
swamped the gold markets of the
world, making gold too cheap to be
used even for cuspidors. Yet the vaTi-
Gus nations still contend for the yellow
stuff, There are two grand divisions
1. 4. l.
second is the fact. The limited supply
of quicksilver needs replenishing badly,
but not through the printers ink va
riety.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
moving the probability Of damage i,

moving the probability Of damage in
the future.
The matter was brought to a focus
through letters sent out to the mining
companies under instructions from the
Kellogg council. The residents had
appeared before the council and de-
manded that the piling be put in and
threatened to take steps to compel the
city to act. The agitation was started
several years ago and for a time it
was believed the work would be done,
but it was neglected following the
high water. This spring the water was
higher than before and the need of
prompt action was more noticeable.
1t is reported on good authority To-
cally that T. Augustus Heinze has an
noupced his intention to begin deyel.
opment Of the Gettysburg Independence
mine at Mullan, adjoining the Morn.
ing mine, owned by the Federal com
pany, within the next few weeks. Ru-
mors have been current for some time
that Mr.. Heinze contemplated consoli-
dating the Gettysburg Independence
with the Stewart company, but this is
denied. and he states that he will op.
crate the property entirely apart from
the Stewart.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
SOME NICE POINTS
Of LAW ARE SEEN
Interesting Suit Between the
Inspiration and Keystone
Is Under Way.

An interesting piece of litigation is
now pending in Arizona, between the
Inspiration Consolidated Copper COM
pauy and the New Keystone Copper
company. The Inspiration Consolidated
was formed by the combination of the
old Inspiration company and the Live
Oak. the properties of these constituent
companies being separated by that OF
the New Keystone, This separation was
manifestly disadvantagcous to the In
spiration Consolidated, and that COM
pauy sought to buy the Keystone prop
erty, but it proved impossible for the
two parties to agree upon terms.
Among other things, it is necessary
for the Inspiration Consolidated to have
a main haulagc gallery connecting the
two divisions OF lts property. A few
months ago it was discovered that the
Inspiration Consolidated was driving
such a gallery through. the Keystone
ground and under the keystone ore
body, without having obtained author-
cation from the New keystone com
pany. The latter Immediately obtained
an injunction, restraining further work,
the final hearing upon which has not yet
been held. In the meanwhile the In
spiration Consolidated has brought suit
TO condemn a right-of way through the
Keystone ground,
Some unsettled points of law are in
volved in this case. In the late htiga-
tion at National. New, which was re-
Gently reviewed in the Journal, it was
held by the court that, although the
law of the apex gave the owner OF the
apex OF vein the right to follow 1t
outside OF his side lines, there was no
right conferred to take anything but
the vein. In this case, the vein was
very narrow, and in order to extract it
some of the back claims country rock
had TO be extracted, which was held to
be illegal. Consequently, although the
owner of the apex won its suit, it was,
nevertheless, obliged to buy the back
claims III order TO be able to secure
what the court had declared to be its
OWN property,
Opposed to this principle of law are
The statutes of several states. which,
lnder certain circumstances, confer up
On mining companies the right of emf
lent domain, Apparently, the Inspira-
ion Consolidated is proceeding under
he terms of such a statute. 1t is doubt
Sul, however, whether such a statute is
and it may consequently
'emain for the United States supreme
,ourt ultimately to decide. There are
some nice points of law herein, and al
.ogether the case is interesting from
both the legal and the practical stand,
points
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
BL L.ACk JACK STOPS
DEVELOPMENT EFFORT

During the latter part of last week. the
officials OF the Black Jack company de-
cided TO cease operations. and the mine
has been closed down Just what plans
for the future the company may have is
thought that with the successful opera
ton OF the Jesse Knight custom mill
that the Black Jack will have many
thousand tons of low grade ore to be
handled at a profit
While closing down the mine under the
conditions doubtless is justified by the
officials the company having been op
Grated for many months on the assess
ment principle. many shareholders will
be very much disappointed at the delay
in reaching results at what many be-
l!eve very valuable ground,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
PROBLEM Of MAKING
A MINE NOT EASY
One Manager Tells of the
Many Difficulties of
Task.

II is said In California that when
man fails at any business he enters the
business lists as real estate dealer,
and sometimes II is said that when a
man in the mountain country falls at
any business he becomes a mining man.
Regardless OF the truth or falslty OF these
assertions It is positive as eternity
Itself that the average man without suf-
lctent ability to succeed In the average
business venture Will meet with even
less success In mining. II takes pecu-
liar comoina ton to be successful In TAX
ing a piece of mountain scenery and con-
verting 1t into a producer OF dividends
and an employer OF hundreds OF men,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
COPPER QUEEN WILL
PUT IN NEW MILL

new and important step is about to
be taken In the Warren. Ariz,, district,
where the Copper Queen, Calumet &.
Arizona and Shattucl-Arizona compa nies
are located. Announcement Is made thai
the Copper Queen interests are about
to build a concentrator for treating It's
ow-srade ores All or the mining com
pan,es In the district have consders bic
tonnages OF low grade copper ores and ~
has been amply demonstrated that a. con-
centrator can treat such ores profitably.
Improvement In methods. both of minIne,
past few years make the low-erade ores
very much more attra ctive than former
ly.-Boston Financial News
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
Looks Like Big Mine.

Such large veins and mineralizatiol
point uaerrIngly TO the fact that with
the Tintic Standard boundaries is on
of the largest of the mines of Tintit
and Mr.. Raddatz is positive that thI
company soon Will establish this faa
beyond any question, The two-con
partment shaft is one of the best d
the district. timbered all the way aud
fully capable OF handling any and a
production i'll the future. The machin
cry Is steam driven at present. and
change over to electricity is something
which will follow as soon MS this eaz
be accomplished without burden upo.
shareholders.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
IRON BLOSSOM is
BACK A FEW CENTS

Iron Blossom on Saturday regained 5
cents a share Of tho 10 1t lost on FRI
day. and it closed yesterday exactly ex-
dividend. There was little else worthy
Of comment in the days business. Alta
Consolidated. selling for 1s5 and Is cents
a share, $500 shares going. was the only
unlisted Issue to be traded in.
Sales for the day totaled $4,000 shares
OF stock. the market value Of which was
s2.S97 so, bringing the weeks business 10
1+9, ,056 shares, with market value Of
$21. SS4 Il. The following were the clos
Ing transactions:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
Some of the Troubles.

One who has sounded all the depth
and shoals OF mining. end who knows tn
game from location 10 properly conselv
ing a large surplus, was rendered remin
iscent Saturday TO a Tribune reporter
He said:
IL Is not easy for man to realize
the difficulties and the strain one
must endure while engaged In the de-
veiopment OF d mine. To a great
many people to be a mine manager
is to occupy a comfortable city office
with frequent trips to the mining
camps with nothing but his job to
lose and everything to gain. Success
adds to his wealth and fame. failure
merely results from the negligence
OF nature to enrich the particular
portion Of the earth where he and his
associates are operating,
The average mining man Is made up
OF the same fibre as the average
man In any business, and he is
grieved at the same things. When
one passes through years of nom
resulting assessments, appreciating
that the only way 10 conserve the
interests of his stockholders Is 10
continue the levying OF assessments
with the regularity OF clockwork, he
must be more than a scholar and
diplomat lie Is the father confessor
OF the financial faults Of his people
He must be never failing well of
optimism, an anchor to windward.
Under his lee everyone comes to
snuggle during the storm. no matter
how ones own tmbers ache and
groan under the buffetng they must
WIthsta nd
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
COLORADO AS COAL
PRODUCING STATE

Coal n1ining as an industry in Colorado
began In 1864. when q production OF 800
short tons was recorded. In 1875 the
production reached for the first time a
total exceeding 100000 tons. and six
years later. In 1882, 1t had reached the
milllon-ton mark. Since that date the
Increase has been almost uninterrupted
The production exceeded 5000, 900 tons
In 1890; ten years later IT had grown to
over 5000, 900 tons. and In 1910 il ex-
ceeded 1000. 600 tons. but in 1912 1t fell
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20

MORNING SALES.
Beck Tunnel. 1000 at &c.
Iron Blossom, 200 at $1.22i
King William. 5000 at SIC.
OPEN BOARD.
Iron Blossom. 1000 at $l2
WIlbert, 200 at SC.
TOTALS.
Regular cali. $500 shares, s5s5,
Open board. 1900 shares. S2319. so.
Total sales. 1900 shares. s2ssT. so.
WEEK s TOTALS.
l49.o56 shares. s21,sSi71.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
OPOHONGO MINE IN
HANDS OF LEASER'

A great many people wondered durr
the period when the Opohonso oompsu
was paying dividends why the sto1
An answer is forthcoming In the nc
that the officials have turned the mn
over 10 leasers and that there is no con
pany work being done az this time.
Eureka Reporter says that the coupzp
may resume work within short I'M
and that while the officials have fe
certain that depth would present new q.
there has been a lack ot funds for tn'
new effort.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20

Stings OF bites Of insects that are "a
lowed by swellings, pain or itehnl
should be treated prom ply, as they ar
poisonous. Ballard s Snow Linime9
counteracts the poison. It IS both ani3
septic and healing. Price 25c, SOC sn'
$1.00 per bottle. Sold by Schyama
Johnson, Drugs. ''The Never'Suoa'
tutors" Five (5) good stores.
(AGvertsemcnt)
Continuous dancing. Tuesday nlgnA
Majestic pavilion, Two big banda.
(Advcryisemcnt)
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
Find Was Surprise.

The Iron Blossom people had no
Idea that another fssure paralleled
the main ore zone. When Superin-
tendent ZabNskie found small
stringer OF ore making toward the
east he decided to follow 1t and while
he felt that il might lead to d small
bunch OF ore. lie was greatly sur
prlsed when. after about forty feet
OF work, he broke into another fis-
sure containing even better ore than
that which is found In the main ns-
sure In that particular part of the
Iron Blossom ground. The new
ore deposit has been cut for a dis
tance OF twenty feet, and as the ore
appears to be making both north and
south the officials OF the Iron Bios
som cannot help but feel that an inn
portant strike has been made.
Assays which were made yesterday
show that this ore is worth from S35
to $40 per ton. II additional work
shows that the main ore bearing fs-
sure has faulted and that the Iron
Blossom has two parallel veins in the
south end of its property il will no
doubt increase the value Of the mine,
and then il may also have an inn
portant bearing on the neishboring
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
Gigantic Vein Opened.

On the lOOU-foot level the Tint.
Standard management has been foI,o-'
ing a northeast and southwest &C.
TO where it would meet with the o;.sn
TIC east and west vein, aud when n,
injunction was encountered the mapaSe.
mont sent a crosscut for sixty ~,
from wall to wall, there occurinc IN
the way large bunches and streaks Il
galena and heavy iron values. Huvw. y
chunks OF galena were and ara hs;sss
found, while on the foot wall tbs,.
were two and half feet Of frstelsS.
material. The vein has been drifted n
so far for fifty feet, and like condi,ior.
remain there as in the crosscut. '
The point Of intersection ia about
500 feet distant from the l00O.foot e.
ton, but the distance between the m
points through the various working i,
q little in excess Of this footape. f)rs
problem confronting the management
is the task of improving the air in tSs
drifts, and General Manager RaddSi,
is working out plan which will br
speedily successful and at a minimum
OF cost.
Mr.. Raddatz stated on SATURDAY. ths,
the Tintic Standard gave all evidence
of being Just what the officials hsv1
felt il was worthy of from the bear.
ming. One thing that looks certsin 1.
that TIE ore trail is now in the grasp B
the management. and while one or two
hundred feet additional depth may b.
necessary before the bunches sst
streaks Of ore Will CONCEAL into ort
common and valuable mass. there stiI|
remains abundant opportunity for %
1000-foot level affording consideTable
amount of good grade material for I'D
smelters.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
NEW BODY FOUND
IN |ROIv BLOSSOM
Fiissure Paralleling First Noted
Vein Is Opened Full Of
Good Ore.
MINE VALUE INCREASED
Emerald Company Makes
Good Record in Retimber-
ing Its Deep Shaft.

The Eureka Reporter has the following
TO say in regard to the past weeks de-
velopmcnt on the Iron Blossom property
a strike OF considerable impor-
tance has just been made at the
Iron Blossom mine While follow
Ing feeder from one of the slopes
on the main ore channel a parallel
fssure. carrying high grade silver
lead ore was encountered, This new
discovery was made some distance
To the north OF the No. 1 shaft and
the ore was first located about sew
enty-iive feet above the 500 level.
Yesterday. however, the same ore
level and the work which has al
ready been done indicates that the
new find will add greatly TO the Iron
Blossoms S ore supply
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
Bumper of Fate.

Stockholders and ones fellow Of
ficials become despondent. hundreds
OF letters and personal calls are re-
ceived, doubts are expressed of the
mine or the mana cement making
good, and friends and neighbors eN-
press an inability to meet assess
ments until the managers lie is one
unending nightmare and delirium.
Friendships are blasted through DIFF
ferences that easily arise over trivial
happenings. and everyone has his or
her own Idea OF just where the man
ager Is missing the ore and how 1t
should be sought after,
Yet through IT all the manager
must smile and urge and beg cour-
age and hope into those about him.
No matter how hard he believes with
his associa tes that work should be
stopped. he still realizes that the
geological conditions pointing un-
erringly to ore must be followed TO
the logical conclusion. and that the
next round OF holes may bring sue
cess TO view.
Even If ten years OF such life re-
suit In dividends and independence.
the game is not worth the candle
after all II any man would put the
same energy, time and ability upon
any other line of business as the
average mining man gives TO his
business. there would be very few
failures in life anywhere
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
Ore and Bullinn

The ore and bullion report for Satur-
day given by Mccormick & Co, was as
follows; Orc received. sl76.ooo bullion
shipped. $4,000; total, s241 600
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
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, 1913-07-20
Metal Market

posted by Mccormick e. Co wsre
s1HGws: Silver, 59hc; lead 1896; copper,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20

popnIary nTIsry n;ah, ;saht,urday, Majestic pavilion,
SIC g;opU'"f n'eht. Up-to-date popular mu,
advertisement.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-20
NEW YORK CURB CLOSE.
Ore Shipments.

The Utah Ore Sampling company on
Saturday released six cars of ore from
Utah and two cars from Nevada camps.