davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
STOCKS SLIP BACK
SLIGHTLY MONDAY

James 4. Pollock e. Co. bankers and
! brokers. furnish the following. recelv 81
over their private wire yesterday after
noon.
Paine. webber &c Co, Boston-AI-
though intensely dun. prices were un-
! changed today until It was announced
that Governor johnson had signed the
alien land bill In California. The bears
sold stocks freely after that and sue
ceeded In making a fractional reaction.
Sugar common was under pressure all
day and closed at the low Coppers
were. II anything. duller than usual and
showed no disposition 10 rally.
Logan & Bryan. New York-Todav' s
session was another unIntercstfnc affaIr
with liquidation In specialtics being the
feature. The decline I'm Jersey Central
was reflected by some selling OF the
coalers, which In turn unsettled the gem
eral list; but taken as whole price
changes were nominal and the list pre-
scnted the appearance OF having fallen
into a rut from which II is not likely
10 be extracted In the absence OF infIu-
entail occurrences.
The supreme court failed 10 maks
known its findings IN the Minnesota rate
case, and took recess until May 2s;
but the same was without effect on the
market. Tariff considerations are com
mandlnE close attention. as are monrT
conditions. both here and abroad.
Prospective currency lesisiatIo *
looked upon with much favor but OF
course. something definite is desired in
the nature of Just what IS likely 20 he
attempted. The extended short interest
has proven Itself 10 he quite sustain
Ing Influence. IA on the down turns the
buying emanates principally from that
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
REPORT Of MASON
VALLEY IS ISSUED
Company Last Quarter
Earned Over Seventy-three \
Thousand Dollars Net

What will be known as the fifth quar-
terly report has been issued by the Ma
son Valley Mines company, covering the
period closing on March 81, 1913. This
WAS the fifth quarter OF operations for
the company. and for the first four the
annual report has already been Issued
Secretary Knobloch states that It Is the
Intention OF the officials 20 have these
regular quarterly statements Issued for
stockholders
During the first three months OF the
present year the Mason Valley company
produced from Its own mine total OF
%. 7O7 tons OF ore. while the smelling
plant handled 7o.7O9 tons. producing 62i9
tons OF matte which were shipped 20
the American Smelling & Refining plant
az Garfield From this matte the COM
p2ny netted S6ll.SSl pounds OF copper.
The total gross operating profit for
the quarter was $lli.650.9i. The allow
,ance for depreciation was S23, 242. de-
ferred charges OF S3.6ii.50 are taken out.
also $14. 4.25 bond interest, leaving net
profit for the quarter OF S1S5iGl9.
The average copper price for the quar-
ter was 6.S9 cents per pound, as com
pared with 1854 cents for all Of 1912.
which operated TO reduce earnings nat
urailV.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
Pits Very Large.

To one who visited the property
when operations We're Just begin
ming. great changes will be noted.
Where there existed o few surface
workings and dumps today two huge
steam shovel pits have been opened.
One OF these will be nearly a mile in
length when completed. by 500 feet In
width. with the second approximate
ly. half a mile long by 1000 feet in
Width, Steam shoyels operating In
these eNcava tions mine the ore and
dump same Into railway cars which
are transported to the concentrator
steam shovels are now operating. two
in the pits on ore and FIVE on Gaping.
These shovels are OF such capacity
that two OF these machines are capa-
Die or supplying the present require
ments or the concentrator.
According to the revised estimate
OF ore reserves. Chino'S tonnage now
amounts to $4,000, 900 tons OF / 81 per
cent copper. This represents an In
crease OF 100000 900 tons over the
previous figures. This new computa-
ton is based on practically no new
ore area. but rather takes into con-
sideratlon certain lower grade ma
terial. which, OF necessity. will be
eEcavated In the stea I'M shovel pits.
This tonnage represents a life OF
forty-one to forty-f1ve years, depend
Ing upon the actual capacity devel-
With such a tonnage and life II IS
hardly to be expected that the Chino
management will stop with the pres
ent mill. for considerable addition
would seem justifable by these ore
developments
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
CHINO IS SECOND
AMONG BIC MINES
Company Has Made a Record
in Getting the Property
Into Shape.
BIG TONNAGE OPENED
Engineer Skinner Gives His
Reasons Why Tonnage
Will Be Increased.
BIG TONNAGE OPENED

A great deal Of interest has attended
the visit throughout the western mining
fields by Engineer L, y. Skinner and "
F. Bartholomew OF Thompson, Towle &
Company, whose statements regarding
the various propositions they have seer
have been widely circulated Mr.. Skin
ner forwarded to his home office COM
prehensive and interesting account OF the
Chino operations. which he designates az
the second largest steam shovel copper
proposition in America.
In regard TO the property and opera
uons. he says. in part:
Chino has been the most rapidlv
developed and equipped OF any OF the
purphyry mines, and the management
deserves great credit for bringing This
proposition up to its present high
state OF efficiency in such a short
period OF time. Stripping was not
begun until October. 1910. and TO date
more than $4,000 tons OF Gaping
have been eXcavated and placed upon
the waste dumps. Operations IN this
department have advanced 20 such an
extent that mining could he carried
on for a years time without any
edditional strlppin" being done. In
the mining OF ore Chino has kept It's
operations ahead OF It's mill require
ments. and In addition to the ton
mage treated has accumulated stock
pile which now aggregates SOC. 900
tons
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
AS to New Tonnages.

The possibilities for increasing the
reserves at Chino beyond the tonnage
given above are very good indeed
These may be divided roughly into
five different classified tlons, as fol-
lows:
l. Inside development due TO prob
able lateral extension ore bodies be-
yond that allowed by drill holes.
2. Extension OF present ore bodies
In depth, numerous drill holes having
been stopped IN ore
3. Possibility of encountering other
ore-bearing zones at greater depth,
these having been proved to exist by
deep drilling
4. Development Of largo tonnage
south OF present workings. Drill
holes already put down in one line
indicate ore for $500 feet in length,
The Indications point to this ore con-
Meeting up with certain OF the present
ore bodies lying 1900 feet to the
northward
s. Possibility OF encounterlng ore
to the eastward OF the principal
steam shovel workings where no
drilling has been done. and In both
the Lee Hill and Wild Cat sections
where some ore Is exposed but very
little work done
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
SHANNON AND EAST
BUTTE EARNINGS

James A. Pollock Sc co. received the
following bulletin over their private
wire:
Boston News Bureau says: Shannon
report quarter ending March p. 1913
Production. 3,649.564 pounds copper, T2t
ounces GOLD and 30, 6g5 ounces silver
Boston News Bureau says. The East
Butte earned In excess OF $4,000 In
April, figuring on a basis OF net copper
cost 1Ci cents and a production OF 1,4oo.-
900 pounds.
Butte-The Anaconda vein has been
opened by trench near east end OF line
OF Corbln. Copper company's Gambrinus
claim. Vein nearly fifty feet wide and
shows evidence of mineraliZat lion. Shaft
down thirty feet
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
OVER EIGHT TONS
OF SILVER BULLION

An account is contained In the Tono-
pan Bonanza of the shipment OF over
eight tons OF bullion from the Tonopah
district, representing the production for
the fore part OF the month OF Nav, The
Montana Tonopeh company has shipped
forty-four bars. worth 5000; the Bel
mont has shipped forty-two bars worth
s64s62O: the West End has produced
twenty-five bars. worth $4,000, and the
Tonopah Extension has produced twenty
bars, worth $50 400.
This gives 12s bars in all. Weighing
232.o3O ounces. the total value OF which
Is approximately s156. O70, The Tonopah
Mining company's production had not
been forwarded TO market when these
companies began shipping. but this fol-
lowed later and will swell the total ma
terlally.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
CROSS YIELD Of
COEUR D 'ALENE
Fourteen Million Dollars Last
Year the Gross Measure
of Output.
PROFITS OF STEWART
Company Made Best Show
ing of All Large Com
panies of District.
PROFITS OF STEWART
Special 10 The Tribune.

Special 10 The Tribune.
WALLACE. Ida.., May 1.-THE gross
yield OF Coeur d'Alene mines. according
TO figures filed with the county asses
sor. was approximately s1i.oco.o0O for
the year 1912. The actual total as shown
by the reports now In the assessors Of
flee is sl3,9o3. .32f The total cost OF
extraction was $5.677si6. while 1929. s5s
was spent In the district Tor betterments
and repairs. This leaves a total net
profit of S3.407,025, with the remainder
accounted for IN transportation and re-
duction charges. Other companies and
individual operators who have so far
Jailed 10 file statements required by
law VIII slightly increase these figures.
Practically all OF the money spent rep
resenting the cost OF extraction and fully
iwo-thlTds OF that spent for betternents
and repairs, represents money spent In
the district, the large portion OF IL having
been d!sbursed TO miners. the balance 10
mill men and supply houses. This
wealth LETT IN the district approNimates
Sc, 200 600.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
TONOPAH ISSUES ON
CURB ARE FEATURES

James ~. Pollock & Co. bankers and
brokers. furnish The following received
over their private wire yesterday after
noon:
Gallagher letter New York-Tonopah
Merger. North Star and Jim Butler were
features OF the Tonopah group. Merger
selling at 3-32: North Star, 81: Butler
81 Volume OF sales was large. Big Four
advanced to 70 bid at close today, but
sales were inrrequent- GirouS had It's usual
weekly fractional reaction. 1t does not
act well. Balance OF coppers held
steady, with very little trading. Indus
trials and oils were quiet.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
GRANNY BONDS WERE
NOT FOUGHT FOR

1t Is stated that tho shareholders OF
the CRANKY Consolidated company took
only about 10 per cent of the bond ISSUE
out OF the new Issue there being only
Sl.50O,O0o offered to them at this time
These bonds carry per cent and are
settlement and the fact that the stock
has been below par for some time are
factors that are given to explain why the
underwriters will take up 90 per cent
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
MIAMI GETS BACK
TO NORMAL AGAIN

II Is expected that the Miami Copper
company Will succeed In getting back 20
OF the present week. and In treating the
usual tonnage tho mana cement will
eliminate one adverse factor that has
been retarding operations. Another fac
tor that Is unusual is the necessity for
shipping its concentrates to the Inter
national Smelling & Refining plant In
Utah, owing to the closing OF the smell
ter IN Mexico, to which the mill product
was contracted
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
PIONEER CON. MILL.
WILL BE. A SUCCESS

The Goldfield office OF the Pioneer
Consolidated company has been notified
by President Tobln that the mill tests
made on the ore have been highly pleas
splendid success In treating the ores
with the sort OF MILL as planned. The
company made n shipment TO Denver,
where the experiments We're made TO de-
tcrmine thoroughly the exact process to
be utilized in the company's proposed
plant
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
Wages and Supplies.

In addition. the wages Of tho min
crs. supplies, rents. and so forth.
amount 10 nearly $40, 1000, 600 per
year. This Industry has been built
up under n protective tariff of Il
per cent on lead ore. In addition 20
the mines In opera ton. there are 4
great many prospective mines which
are being developed at great expense
and this development will be aban-
doned IN many Instances II lead
miners are compelled 70 enter the
market In competition with Mexican
ores.
The latest statistics compiled by
the census report shows that out OF
siS5 mines reported only l54 were
producing mines. The total capital
invested was So. .T3s.ss A. per cent
OF which was invested In prospec-
tive mines. all OF which would be
total loss II the lead producers are
not To have the benefit of existing
protective laws. I cannot understa nd
how any man who loves his coun-
try and who IS interested In the
happiness and welfare OF his neigh
hors could support a measure which
would place them on n par with the
cheap labor OF Mexico. who receive
one-fourth OF the wages received by
the miners In Idaho.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
ELKO PRINCE DEA
REPORTED d

IT has been reported n,l
Savage and associates have q
Prince property OF the dcH {
trict Of Nevada, and tint ~
alton narrowly escapes ~
million. The first paynu =
10 be a liberal proportion 4 ,
The Elko Prince is one q J
strated gold mines Of GA 2
while the report OF this ale h1
confirmed II Is logical. \
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
TONOPAH CLEANS UP
GOOD MARKET PROFIT

According to reports from Nevada, the
recent bulge In the North Star stock
OF Tonopah with an opportunity for
cleaning UP large profits, which they
took advantage Of Many had stock that
cost them n few cents a share, They
rode with the bulge to the high OF ten
days ago. getting out with several hun
ducd per cent profit. and many took od-
vantage OF the consequent drop in price
TO again line their strong boxes with
North Star certificates.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
ANACONDA COST is
HIGHER THAN USUAL

| The increased wage scale paid miners
last year. the scale being based on the
price OF copper, Is given as ono reason
why the Anaconda company had an un-
usually high cost OF copper production
throughout 1912. This cost was given as
close to lO.4 cents per pound. and the
net profit per pound was 54 cents
pound
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
TRADING WAS GOOD
ON CHANGE MONDAY

There was decided Improvement Mon
day In business on the local exchange.
and n total Of l0.57S shares Of stock dealt
in had a market value of 1922 9S. The
demand for the higher priced issues Ike
Silver King Coalition. Iron Blossom. Ne
vada Hills and others was unusually good
The sales were well distributed around
the board.
tions:
UNLISTED STOCKS.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
Who Will Benefit

Who would be benefited by the
proposed reduction OF the duty and
the suspension OF the lead mining
Industry In the United States? Why
should we send our money out OF the
country for those things that are now
being produced by ourselves?
Congressman Campbell OF Kansas
called attention to the competition TIL,
zinc ore producers would have from for
eiSn producers where labor condition!
were different from those IN America
saying in part:
I urged a duty then TO protect them
from that competition. am urging
now a duty nigh enough TO protect
the laborers employed in that indus
try 20 the end that they may have
an opportunity OF supplying their
families with the necessities OF nfe
and the opportunity OF living in the
manner in which they have been ac-
customed 10 live. That is all that IS
asked, They cannot do that II Mex
lean poems mine the ore that sup
piles the smelters OF the United
States.
In 1910 and 1927 have not the
figures for l91l-there were imported
$3.50. 564 pounds OF zinc ore for
which the United States paid s747,-
55i. There was imported free OF
duty s354,i42, making n total OF
Sl,o9To96 Of American money that
that should have been paid TO Amer
lean laborers In our own country at
a wage OF from five TO nine times
az high as that which is paid to the
la6orers In old Mexico for mining
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
Protection Needed.

Gentlemen upon this floor repre-
sent districts the people OF which are
nightly interested in this section
l am wondering what they will do.
/ am wondering how they will vote
upon this amendment. / trust that
they Will vote TO continue employ
ment for the thousands of laborers
in their districts and for the pros
perity OF the communities In which
they live.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
Ore Slhipments

The Utah Ore Samping company on
Monday released nine cars of ore from
Utah and six from Nevada camps
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13

FORENOON SALES
Black Jack. 1000 at 1oc.
Cedar Talisman. 1000 at 2sc: 500 at 2sc
Iron Blossom. 500 at si.e7a
LehI Tinuc. 1000 al 2fo; 1000 ut &c.
Lower Mammoth. 1000 Mt 4c.
May Day. 5000 at e5c.
Pioche DemiJohn. 1000 at lac.
Pioche Metals 1000 at &c
Plutus, 1000 at SAC.
Prince Con, 100 al $50
Silver. King Coalition. 100 a; s4.o5: 100
az S4.02i 400 at $500
Tlntic Central. 500 at 1tc.
Victoria Con. 2ooo az 45c; 500 at sec.
Shares sold. 1900.
Selling value, S5is3.
OPEN BOARD.
Gold Chain. 1000 at SIC
Lower Mammoth. 1000 at &c.
silver King Coalition. 100 at s4oo
silver King. Con, 300 al sllo.
Union Chief. 1000 az &c
Shares sold. Sl2s.
Selling value Sl533.ts
AFTERNOON SALES.
Black Jack. 500 at IOc.
Iron Blossom. leo at 81 .27s
Grand Central. 100 at Tic
May Day. 10000 al 10c.
Nevada Hills, 200 at 81 10.
Prince Consolidated. 100 at SIC.
Silver King Coalition, 100 at 500.
Swansea Consolidated. 1000 at lc
Shares sold. II, 100.
Selling value. sl935.5o-
OPEN BOARD.
Iron Blossom. loo AT Si.3Tt: 900 at sf.35.
MAY Day. 1000 at i0c
Lehi Tlntic. 1000 at ec
Silver. King Coalition. 80 al 81: 100
shares sold. $3.50
Selling value 1880.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
THE SALT LAKE TRIBUNE TUESDAY MORNING. MAY 49, 1913.

source. but as long as substantial Inter
ests remain arathetic and indisposed 10
encourage opera ;ions on the buying side
OF the market. irregularity and dullness
VIII probably be the predominattng fea-
ture.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
PLEAS FOR TARIFF
ON METALS FAILED
Western Members of Con-
gress Did Their Best Dur
ing Recent Debate.

Western lead and zinc ore producers
viii be interested In the recent debate
In congress over tho metal schedule and
while western congressman made tell
ing points In support OF q. higher tariff on
lead than the Underwood bill carries
and protection on zinc, which the Under
wood bin eliminates, the bin went
through with whoop. as Is well known
history.
Congressman Smith OF Idaho made the
following argument in behalf Of an In
creased lead schedule.
We have in northern Idaho about
1900 people dependent directly or
Indirectly on the operation OF our
lead mines. which produce over 20
per cent OF the supply OF the United
States. Nearly $1,000, 900 yearly goes
TO the railroads for frelghts in trans
porting the products OF the mines
and the mills and merchandise need
ed by the communities which arc
sustained by this industry
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
Metal Market.

The metal quotations for Monday. post
Silver, 60ac; lead, sf35: copper, S15325.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
STOCKS, BONDS,
GRAINS. PROVISIONS,
COTTON.
James A. Pollock & Co,

BANKERS AND BROKERS.
isS south Main Street (Hsrad Bldr,
Salt Lake City,
Direct Private Wires TO all Ma-kstn
Duplex System-One Relay 20 New Yorh
and Boston
Correspondents Members all Exchanxsa
Stocks Carried on Liberal harElns 5pe-
Telegraph
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
Ore and Bullion

The ore and bullion report for Non
dss. given by Mccormick 4 Co. was as
follows: ore received. SO. 600: bullion
shipped. $4,000: total Sll7, 900.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
Nevadas in San Francisco.

James A. Pollock & Co, bankers and
brokers, furnish the following receiv ed
over their private wire yesterday after
noon:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-13
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, 1913-05-13
Boston Mining Stocks.

James 4. Pollock e Co.. bankers and
brokers' furnish the following received
over their private wire yesterday after
noon:
BOSTON COPPER RANCE.
The Union times. [volume] (Union, S.C.) 1894-1918, 1913-02-07
BLEASE'S CHARGES
ARE INVESTIGATED
DR.. S. c. MitchelPs Conduct With
Reference to Peabody Fund is Sub
ject of SOlOn's Inquiry.

Columbia, Feb. 5.---The taking of
testimony before the legislative COM
mittee on the charges brought by the
governor in his inaugural address
with reference to statements made
by DR.. S. c. Mitchell, president of the
University of South Carolina, was
begun in the supreme court room
this afternoon at a o'clock. Among
the witnesses summoned were DR..
Mitchell, DR.. d. p. Johnson, presi-
dent of Winthrop College, and Ex-
Governor Martin F. Ansel.
The specific charge made was that
Dr.. Mitchell had tried to influence
the general education board to give
money to the University and deprive
Winthrop College. There was a large
crowd present. Senator Weston, of
Richland county, is the chairman of
the committee.
DIR. d. B. Johnson, president of
Winthrop College, was on the stand
for several hours this afternoon. The
sum and substance of his testimony
was that Winthrop College would
have received between $25O,00O and
100000 in place of 100000 from
the Peabody fund if it had not been
for the interference of the Univer-
sity of South Carolina through DR..
The Union times. [volume] (Union, S.C.) 1894-1918, 1913-02-07

Rev. C. H. Jordan of Greenwood,
was the guest of friends in Union
this week. Mr.. Jordan was former
rector of the Church of the Nativity
and came to attend the pipe organ
recital Monday evening.
There will be preaching at Duck
Pond church Sunday morning at II
o'clock, by Rev. j. A. Anderson. The
members of the church and the pub
lie In general, are urged to attend.
Mr.. G. C. Greer, who suffered a
stroke of paralysis several weeks
ago, has improved wonderfully. He
came to Union Friday for the first
time since his illness. and spent a
day shaking hands with his old
friends. Mr.. Greer is one of Union
county's best and most substantial
citizens and his improved health
brings joy to many hearts.
Messrs. Elias and Henry Horn, of
Jonesville, were in Union Monday.
They are 73 and 80 years of age, re-
spectiveiy, and are active and in the
best of health. Mr.. Henry Horn is
the uncle of Mr.. Elias Horn. The lat
ter said. when talking with Times
man, "I tell 'em the way to live to
an old age is just not to die"
Miss Frances Nicholson, of the
College for women, at Columbia,
spent the weekend with her parents,
Mr.. and Mrs. Emslie Nicholson, and
had as her guest, Miss Bessie Arthur
Of Winchester, Va. Miss Arthur is
spending this winter with friends
in South Carolina and is receiving
many delightful social attentions.