davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
New Ore Developed.

Mr. Ross said yesterday that in extend
Ing the tunnel west OF the shaft the
PlttsbuTS- Idaho company has cut six
distinct assure veins. on tho first of
whicn the company has driftcd north 100
feet and seventyflve feet TO the south
or the tunnel and in both faces there
has been and still is ore OF good COM
mercial grade. In this fissurc the man
dgement also has raised for thirty feet
and active stopping has boen under way
demonstrating the continuity OF the ore
towards the surface. Il is $50 feet from
the top of tho stope to grass roots. and
as the veins east OF this particular fissure
carry ore from grass roots the company
reels JUSTIFIED In expecting this new vein
TO do likewise.
Within the past two days two crews
have been put 10 work on two more of
the six new assures and within tho next
thirty days. by which time the new gaso-
line motor and tramway will be ready
for operation. Mr.. Ross intends to in
crease the mining force so that each OF
the six veins can be given the attention
they deserve.
The last OF these assures is within
the Gilmore property and there is n dis
tance OF between 900 and 1000 feet OF
stopping ground available. At point
300 feet 10 the north of the new tUn-
mel. during the past four or i've years
the Pittsburg Idaho company has been
Silver Dollar claims. where about 1000
feet OF work was accomplished. The
ores there developed extended from the
surface 10 as good depth as was reached
and ono purpose OF drifting 10 the north
on the various assures newly cut by the
tunnel Is TO get In under this old work
and catch the ores with depth. Should
these ores prove continuous, as expected.
there will be from 500 to 1000 feet OF new
stoping ground at the disposal Of the com
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
BONANZA GOLD ORE
OUT OF NATIONAL

Tbs afternoon there vas ror,t,-
~ ~ inc National boom days two or
three years ago. when shinm.,tS -,
and regular WV 'f"lu'ht
The first shipmcn; o. high grade so,4
o.e rom ths camp for nearly rwr 49,
"sr brought In from the carnp ,bis =,
,e,nooa IN charge or Prank \ Tayi,-
lIpeIihl"ndent OF the SatlonaI MI.
."hr$n9. The orc was b-ourb, - - =
l. van Schoiack IN his auto -
" r. said that the ore arr.-,,,r,,- .
Auolt SEQ pounds. was taken from a ~.
MOOT recently struck IN the Chsrf...,,
tN syndicate ground. which uug t,ta,,
over fow months aEo by The xa,tn-.i
-alhss company upor ths settlement ~,
psniss -" COM
The ore T. sid TO be very rich h.i,1
nc chRrlc iertsuc National hiEh vr,ds.
Nlst ranEes in value from - Ia 20
poHnd- Tnking tho love-, 0r,trc -
-Wptnent brought in today s-,uis d..
Mofth tl-.Seo. providing Il uelghed zoo
Tho orc Vas delivered 20 Wen. E,--,
" 20 and VII b seu1 20 a suolta- 20
treatment The situation al N.si,r,r 4.
"riEHter than for several yeas f-n,, az
reports number q; new Isss.. 80.
oern let on the Auto fiili and Radis,r,
pyoI~furs and the Walker lease or ~.
lheeipo = producing fine ore a rC-S
rart - which d OF shlppIuE rrsdc
Humboldt Star.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
More Interest Needed.

There v ono phase ot the local exchange
Inat Hnouid he rcfusdicd Immediately
tNcrc are seventy o. eighty members OF
inc institution. of whom not more than
lf'eeH or twenty ever see thc Inside OF
The building Nnnv members stay away
'nd complain that the yaluc of their
memberships has deprc riat,-i greatly dur
ing the past two years. The faithful ones
wno stick are carrying all the burdens:
tl"F are doing their best hut tho eN-
SHanSc has reached a point where IL
needs and demands the co-oprratIou Of
an tnc members. An effort should be
urae Z" got the seventy or eighty mem
h"ih together and 20 work out a pro-
EiHmme which. BOB enhancing The market
igliic oI Their certificates OF membership
WI coufinc" the public Investor tha, bir
interests ur- safe In the hands OF the
neinhrrr or tie exchange
rms !. vel worth striving for and
Nith % scali1ati"n that ali members owe
ahsf"d duty 10 the exchange. ana v,i,b
continued min" improvements within III.
ttat. there is every reason 10 b.ll,,e
i'hi ~" exchange will get hack 20 ts
Mors toiaf
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
LONG TUNNEL At
GILMORE CONNECTS
Pittsburg-Idaho Company Is
Now Enabled TO Reduce
Its Costs.
NEW DEPTH ACQUIRED
Extension of Tunnel Opens
Six New Fissure Veins
in Property.
NEW DEPTH ACQUIRED

a. :. Ross, president OF the Ptttsburg-
Idaho company, and Maurice ". Johnson,
consulting engineer. have returned from
tho mine in the Gilmore district OF Idaho
While at the mine last Friday the tinal
connections IN the new tunnel were COM
pleted and tho various faces came to-
sether with perfect exactness as regards
course and elevation. This tunnel is
5000 feet in length from the shaft TO the
portal. and IL has been continued west
OF the shaft, or In the opposite direc-
ton. for 500 to 900 feet across the Pitts
burg Idaho territory and into the ground
or the new Gilmore company
Tho Importance Of this tunnel work
lies In the fact that, In connecting with
the 4Oo-foot level OF the shaft. it elimi-
mates that much hoIsting OF ore and
waste, and the Pittsburg- Idaho manage
nent should nov be utilizing the tunnel
for IT'S extraction, greatly reducing costs
Of production. The company Ia construct
Ing trnmway 5000 feet IN length CON
Meeting the tunnel portal with the load
Ing station on the railroad line. and this
should be In operation by May 10. The
ore meanwhile Will be hauled by wagon
over the route soon TO be covered by the
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
BUYING ELEMENT
is NOT AGGRESSIVE

James A. Pollock & Co. bankers and
brokers. furnish the following. received
over their private wire yesterday after
noon
Logan & Bryan New York-Trading
today was without significance. II was
announced that ]. p. Morgan q Co
would on Monday make an Offering OF
about $4,000. 900 New York Central per
cent notes at 9st, and the result OF same
VIII doubtless be awaited with much in
teresi and perhaps afford q clearer idea
OF the temper OF the investment market
than did the ST. Paul offer. as investors
nowadays seem rather more keen for the
snort rather than the long maturities
IL has been in;imated by those in close
touch with legislative matters that cur
rency legislation will be brought about
ct the extra session OF congress after the
tarifr has received consideration; also
tnat. according TO the plans now being
formulated, such currency legisla-
ton as Is likely 70 take place will be OF
a nature TO upl!ft general business and
dispel those recurrent fears which, IN the
past. have generally attended any ma
terial expansion IN commercial and In
mated that elasticity OF currency viii be
the Keystone OF revision. SO that In the
future usual demands for accommodations
can oe supplied without undue strain.
Foreign news was rather meager but
II looks very much as though the crisis
had passed and that IL is only, a question
OF a short time before London and the
continent Will be relieved OF its principal
cause OF unsettiement
There Is IN evidence the usual eXpec-
fancy OF a decision in the Minnesota
rate case on Monday and then. too, the
Union Pacific dissolution plan will be pre-
senied 20 the circuit court at ST Paul,
so that II is not beyond the realm OF
probabilities that all incentive to promote
greater activity in the stock market Will
be provided. There IL at present an ele-
ment committed 10 the bullinS side OF
the market but It's aggressiveness has
not been pronounced though It's pres
cnce. taken In conjunction with the good
sized short interest, tends TO produce an
element OF steadiueSs Il not strength
but at the same time there are many
who are disposed to view tho present
leve! OF security prices as still high and
out OF keeping. from all OF which IL Will
be seen that Influential occurrences will
be necessary TO stimulate the aggressive
ness OF either OF the contendtnC elements
Gallagher Letter. New York-C,Irb
market today was q drifting lstless one.
Boston market being closed. there wa :
d fairy active interest In coppcrs at the
opening. but this soon petored out In
dustrlais and old securities were neglect
ed. Tonopah stocks We're active IN spots
good inquiry being noted for West End |
Butler. Merg-- and Tonopah Mining !
which closed dun and steady.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
Why Stocks Advanced.

The stock Of this company has appreci-
Eted iu value within two weeks fully 80
600 900. and the higher the demands for
iHs stock sent II markctwisc. the more
ccuyinced the public became that the
stosk was worth more than II Was selling
Tor. THE silver King Coalition stock ac-
ton stimulated Interest, In the stock eN-
change and iu few days the public
began buying other EtockS which In
Ncsiors .,.idcufiy believed worth mora
money than they were selling FOR
This stock activity u not based upon
ihe belief that company has brought
1000. 600 worth of orc into sight during
two Weeks' time. nor that any property
"u the board has been especially on
hhnCcd ~ the developments OF recent
cate. the real rca soa rs that the Investing
uuplc appreciate that many OF the
stocks on IN" local exchange arc selling
Tor much less than thel nsrinscally arc
worth. They have appreciated this for
several months. but tho market needed
The nrst iupui-. toward motion which the
on. .tocs was nbic to give The result
Wss that tho past week was the most
"ailsldctcry To- = year or more.
IliS past weeks experience has demon
Ntrated 10 VIC exchange that II has not
HllcnWtcd the confidence and cooperation
OF fhs public Investor 10 the extent many
nave believed. Tho investor has occupied
the ground thdt there Is NO usc go buying
stock merely because II was cheap. \
stock may Il, cheap with good reason. but
a Eood stock while cheap Is a mi ghtv good
asset 60 sack up ia the safety deposit
- thinks u has chance 10 make mnncv.
and the more new mine Developments
iic listed stocks can show the stronger
tho public SUPPORT vii he
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
LOCAL MARKET IS
VASTLY IMPROVED
Impetus Given Lately by Sill
yer King Coalition
Stock Action.
PUBLIC IS INTERESTED
Silent Members Of Exchange
Need Prodding to Arouse
Them to Duty.
PUBLIC IS INTERESTED

Tn, members OF the Salt Lake Stock
and Mining ExchsnEe during the past
week have had An answer 20 the aues-
tion In regard 20 restoring their institu-
,ion 20 its old glory and usefulness The
exchange hzs become m essential pari
OF the state and city NE. through u ne"
mines are developed and neW propositions
largely nuanced. and OF The business Of
tho exchange depends Ia large measure
the value of certain securities for col
lateral az the banks.
For two wears the exchange nas been
suffering from dry rot. The public has
held alopg with something OF the never
aguin Fcntiulsnt INDUCED In, and the
officials aud members have been. or
should ha ye been. losing sleep oNer ngur-
ing out remedy
4 week or ten days ago the silver King
Coalition Mines compnnys stock DecaIne
feature on The exchange oy virtue OF
several favorable factors, not the least ci
which were tre facts that the United
States court % appeals confirmed n judg-
msnt Of the lower court bN WHICH tho
plaintiff IN suit against the company
received Judgment FOR an amoun, one
third or ous-fogTth OF what was sued for.
and the fact that tn. property during re-
cent months has been developed into ono
OF the greatest silver, lead and gold mines
OF fis WorlI
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
Substance Of Report.

The report Mr.. Parker says. advises
that the work bo confined 10 extending
the upper levels and some new develop
mcnt from these levels and does not
hold out any substantial hope Of ore be-
Ing found I'm this territory at depth. The
report will be embodied In an annual re-
port or the president, which is now in
process OF being compiled. and VIII be
issued shortly TO the stockholders. J. *.
Turner has been made a director OF the
Florence company and represents the
James Burns interests Of Colorado.
II has been decided that no leases Will
he let on Florence ground and this &C
ton has caused disappointment TO many
people here, as the Florence, like the
Moha wl< and other rich mines here. was
first developed and opened by the lsssees
and II IS probable that a number OF
leases would have started deep work II
the company had decided 70 grant them.
r.. A. Clapp. who has been with the
Florence for moro than three years In the
capacity OF surveyor and mine engineer
has been appointed general superln-
tendeut. succeeding D. n. Dewey, who
has resigned as manager OF the prop
crty.v.
Arrangements have been made with the
Jumbo Extension company for the use
by the Florence company OF ten OF the
stamps, together with the regrinding
equipment and the cyanide plant Of the
Bonnie Clare mill. which Is now treat
Ing the product OF the Jumbo Extension
mine. Mr. PARKER says that the ora to
be sent first 20 this mill Is already
broken in the mine and Il ls believed IL
will yield a good profit in treatment.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
Three Billion Tons.

According 10 the bulletin. the es,Ir,-<
quantity OF hlgh-grade rock (confsis{
40 per cent or more OF tricalcIun n
phatcD Included ia tho area suryevs3|
detail 20 date ia more than Z. 600 IA:
long tons. yet IL is possible tina, sur&
estimate. based solely on information &
lected along tho outcrop OF the r.
may be excessive. In the western ufs-
mentioned. the known phosphate ave.
about go miles from east TO west :
40 miles from north To south. on
small part OF this enormous area IA (.
dcrlain by deposits that are commerci:'
valuable
This estimate Of tonnage is Intsr~e<(
In that II throws some light on the an
ton OF future supply and needs. b.
bulletin in this connection has the r
lowing TO say.
Phosphorus Is ono OF the uInrr.I
elements that are essential 10 pisn<
growth and therefore necessary r.
make soils productive. and u Is an.
Of the three most likely 10 becor.
exhausted by continued removal r.
crops taken from tho soil. Work n
the agricultural experiment station
In Illinois, Ohio and Wisconsin NJ
shown that lands under CULTIVATE
IN these states during the last "a
century have been depleted OF ons.
third of their original content n
phosphoric acid. This depletion -
acre annually is equivalent TO m
phosphoric acid contained In sIxf>
pounds of high grade phosphate roc}
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
Demand Is Enormous.

At this rate. I2.00O.0 900 tons d
high grade phosphate rock. appruzi
nately four times the production a
1911, or one third the total marketo|
production IN the United States fro1
1867 10 1911, would be required cad
year simply TO Offset the depletion q
the 5000, 900 acres OF cuitivate|
land in the United States. the Que'
ton OF increasing the present AM
cultural yield not being considefsd
Phosphate or rock phosphate u 4
mineral substance made UP OF lim1
and phosphoric acid and is the prf1'
cipal source OF the phosphate Of CON
mercc. Its value is becoming mon
apparent and more clearly recognIS1
In the United States, not onI|
through the decreasing yield per acr|
OF cultivated lands, but also throuE1
the discovery OF the fact that SOM
virgin lands arc deficient in this -
sential TO plant growth The mar
keted production Of phosphate roc
in the United States increased ffou
1861 long tons in 1888 10 ll.soA0|
lonr tons IN 1911. The rock phosphat1
is used as raw rock flour Tor ''floa,s'|
or In the form of a superphospha{t
which is made by treating the roc
with sulphuric acid.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
Importance of Tunnel.

The tunnel is now I'm the Gilmore
ground about htty Ieet II wlI be con-
100 feet, and when completed this tun-
mel will have crosscut the entire portion
cC the Gilmore district al very fine
depth. within which known ore bodies
exist.
Mr.. Ross states that when all the per-
maDent improve vements now under way at
the Plttsburg-ldaho property are com
pleted the management expects 20 double
its present production OF 100 tons OF
nrst-class ore daily. and this should be
gained within sixty days from date. The
checks FOR the last Pittsburg Idaho divl
dcnd were received last Friday by the
Salt Lake shareholders.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
GOOD MARKET HELD
ON LOCAL EXCHANGE

Demand FOR stocks and the higher price
ranges gained during the past few days
held well Saturday morning or the local
exchange. and the stock OF the Silver
King Coalition company again was n
prominent feature, the stock selling for
as nigh n fi.io a share. Thompson
Quincy was strong. due TO the report
that tho raise towards the contact had
developed some ore.
Trading during the morning found
sales for ii.A00 shares Of stock the mar
kct value OF which was $705i so, bring
Ing the weeks sales 10 1920 shares
with market value OF $33. 1873.
The following were the closing tran rs
actions.
UNLISTED STOCKS.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
Mines and Mnng--Activties in Ore Districts of Utah
SILVER ORES
Of MAY DAY MINE
Property Again Proves Capa-
bic Of Meeting Changes in
Metal Market.

Juat as the zinc ores ~ TIRE May Day
mine at Tintic compensated at the logi-
cal hour FOR tho lack OF lead and silver
bodies. illustrating the remarkable versa
,ili,y of this Old dividend proposition. so
DO the lead and silver bodies again make
their appearance 20 al the gap In the
compsny's career OF usefulness when the
marks. FOR zinc ores becomes restricted
Tho MAJ Day is s,iu In possession OF
several thousand tons OF nrst-chss zinc
ore which could be broken and shipped
at q Tow cost and sood pront were spell
ter al any range liko it enjoyed during
1912. bat the spelter market is such now
that shipments Of zinc ores must be re-
stricted.
BY sorting. the May Day can continue
bat sorting means high cost of produc-
tion which. combined with low-priced
metal ccnpe!s the management 10 pro-
ceed slowly, AZ a result the management
Is giving attention To the li0o-foot level.
where the lead-silver showings are very
Word was received from superin,end-
On; GTiGgs yesterday that the 100 level
is improving steadily Local officials
state that this ore has been followed
along the trend for approximately 10
feet and that only very limited amour,
Of stopiug has been done within the con-
fines OF the body. For this reason the
width of the ore has not been determined
except where STOPPING has been done and
they estimate conservaflvley that there
are not less than 2000 tons OF this sort
n ore now assured. ell being OF the ship
ping character.
TIL" May Day intends TO develop this
cad and silver ore bod below the 100
'oot level within the near future, and this
work may he done by way Of one OF the
lsighborinE properties for In th.s man
ler depth car be secured quickly and
ETunOm.aglllN In
May Day shaft Itself. The immediate
uture operations OF tho company are full
" Wide Interest, and many ears are along
he rail- seeking first intiInations OF the |
hIn III liz. INN. ny.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
.LEAD-Z|NC TARIFF
LOWERING OPPOSED
Northwest Bureau of Mines
Takes Action to Prevent
Adverse Conditions.
Special 10 The Tribune

cEsNidi 10 l ne lIlpuif
SPOKANE. Wash. April la.-Action
seeking 20 prevent reduction OF the lead
zinc tarin has been taken by the North
west Bureau OF Mines. having headouar-
ters In Spokane. and a determined cam
paign is being mapped out by officers OF
the organization.
President William \. Nichols says that
with the present duty OF IL cents a pound
the average prof, from the lead mines OF
Coeur d .llene district does not exceed
ne-half cent a pound. with lead At 80
cents, the average price for the last 1--WE
years. Mr. Nichols added;
\ cut OF ] cent a pound on lead In
ores would leave a duty OF only one
half NJ cent and would deny the
producer a legitimate profit seriously
dlscouraging this great Industry in
all parts OF the United states.
The gross value OF the ore annually
produced in the Coeur d 'Alene district
alone approNnates $40 OO0. 900. or
this amount about 50. 900. 900 Is paid
out In dividends. jhe greater part OF
the balance being distributed for
wages and supplies. bcneftinG every
property holder. manufacturer and
merchant and creating broad, per-
manent market for farm products.
II 100000 tons OF lead were 20 be
Imported TO this country annually,
al cost Of $50 ton. from Mexico
and Spain, our CHIEF competitors
where labor Is cheap. So 900. 600 would
leave this country each year 10 de-
velop the resources OF foreign nations.
This sum would pay the wages or
G00o miners. resulting in the direct
support OF $4,000 persons,
The Northwest Bureau OF Mines Is
urging Washington's senators and con-
sressmen 10 use every EFFORT 10 defeat
the lcad-zlnc schedule In the Underwood
bill. Efforts also are being made 10 Sc
cure the cooperation OF business men
throughout the Pacific northwest
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
FLORENCE MINE IS
WORRYING COMPANY
Report of Engineer Wiley Is
Not Expected to Be Very
Favorable.
Special 10 Tho tribune.

Special 10 Tho Tribune.
GOLDF1ELD. New, April IA. D.
Parker. president oC the Florence Cold
field Mining company. visited C'oldheld
during the week and IN an Interview.
said that development work Is 10 he re-
sumsl on a limited scale on tho upper
levels OF the mine, but that nothing VIII
be done on tho deeper levels, a, lea 81
for the present Mr. Parkcr, who Is also
president OF the Colorado &. southern
Railroad company. is one OF tho largest
stockholders ot tho Florence, and is ap-
parently disappointed at the tenor OF Tho
report on the property made recently by
Walter n. Wiley, the Los Angeles min
Ing engineer. after n thorough sampiing
had been made OF the mine workings.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
LEASE ON EUREKA
HILL PROSPERING

The Clark t-Christopherson lease on the
Inr ort-cn.I,t Veil nccordip. 70 ro,.nrT,
from the district. The present ship
ments arc at the ratio OF one car n week
the ore running between $40 and $50 per
ton. The Eureka fiill property is one OF
the oldest and most famous of Tintic
properties. and the leascrs are finding
several good showlngs OF orc overlooked
in the carly dayS
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20

FORENOON SALES.
Black Jack 500 az lO,c
Cedar T Taiisuau. 200 az &c
DAILY. zoo AZ tliO
General Thomas. 1000 az sac
Grand Central. zoo at 15c
King William, i90c az 6sr
Prince Con, Iico AZ Soc. eco a, ss-
SllveE King Coalition. -00 al yles. 200
al Sio.i; zoe al tE.yn
Open BOARD
Cedar -rAiismau. ZOO a. &c
Iron Blossom. 100 a. si3-.
Prince Con. 300 az Soc
SILVER King Coalition. 100 a. SiOTs. :co
TOTALS
ReEui1r. 51oo shares fo- i.ost 81.
oPcn board. 900 shares Sor t.1sa 50
Iotsls. ll.Jeo shares for 570sGsn
WEEK TOTALS
lst 30 shares ,or i1s.557s-
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
GRAND CENTRAL Is
AT WORK ONCE MORE

After about one weeks cessation OF
deep development, the Grand Central
ma pacemont has resumed operations
again. and the drift making out into the
large low-Grade ore deposit on the 23SO
level continues 10 show very favorable
conditions. The management during tho
week repaired the shaft and put In sew
eral new timbers from the 700 level 10
the surface.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-20
fIirina Not-e

SATURDAY. wsg Patriots nd. and t5,-,
w"-e M Boston exchanges vpen.
General MANAGE liner pcii cf tb.
t-tgis & FiIc Bell rnuuzrv NJ. 81. 80
PROPERTY Scf-rdar.
Assistant Naur .ru Director F-c4
LYON - iue 0ltch states Smei'lr-. re-
tu'uE 4 Mining company is Iu t.g ,-,
from the east