davidaulloa/AmericanStories huggingface dataset:
Arizona republican., 1914-10-11
Gratifying Dividend Showing by American Mines and Works

The nine months of 1914 just end cd, proved to be more profitable to owners of stocks in American mines and works than the same period in 1913, by several millions of dollars. From reports made Mining 6 En- gneering World is able to show thar during the period mentioned 1.9 companies disburscd dividends tctaling $7576,449. Had it not been for the European war seven copper producers would have added to this amount in September disbursements no less than $4,000,00O. Other coni- panies cut their regular quarterly rate from 25 to 50 per cent. Despite these deflections the nine months showing is decidedly creditable to American mining and proves that in times of great stress it can be de- pended on as few other industries can.
 In a careful compilation of the total disbursements of the above 119 companies we find that holders of stock have been enriched to the eX- tent of $905, ,925,525 This return is S125 5,SOO,316 in excess of their com bihed capital-$7S0,15 POT.
 In addition to the above dividends there are the disbursements of the six securities holding corporations While these companies are supposed to look for their profits from hold Engs in other companies, it is a fact that a large part of the revenues are derived from their own opera tions. but for which no report is made to the public, These con- panies so far this year have paid out in dividends S17,946,OO3 and since incorporation no less than s177,166, 55O.
 In classifying the 1914 disburse-
Arizona republican., 1914-10-11
Jerome

The Daisy is still continuing to work large force of men on the 800 and 1200-foOt levels. The cross
 cut on the S00-foot level should shortly catch the big ore bearing ifs . sure exposed on the 1200-foot level. When this Assure is cut on. the 800 foot level it will show the continuity of this vein through the company's ground for a distance of about 1000 feet. This Assure is strong on the 120O-foot level, where they are fol- lowing it to the southwest. At one place it is widened out to 14 feet, showing sulphides carrying high grade copper values. All this ore carries good values in gold and sill yer. In prospecting the company has been following the contacts between the quartz pOrphyry and the schist, which in nearly every instance led them into ore bodies. The company figures on starting sinking from the 1200-foot level to the 400 foot level about the first of the month. Judg- ing from the improvements the mine has made from the S00-foOt level to the 1200-f foot level, We have no doubt but that the 1400-fOot level will dis close very large bodies of high grade ulphides.-Jerome News.
Arizona republican., 1914-10-11
Wild Cat Minino Promotion

That fraudulent mining promotion has done more to bring about the present depression in the mining in dustry than than any single factor, is a fact that no one can deny.
 The American Mining Congress, which will hold it's annual conven- ton at Phoenix. Arizona, the first week in December. early recognized the danger to which the whole min ing industry would be subjected if such practice was not speedily stamped out.
 At the convention of 1907, a reso- lution was adopted outlining a law which would make it a felony 70 misrepresent mining property either by prospectus or otherwise, when a sale of stock was being so hcited. After some few changes it was finally drafted in the form of a law and introduced in the legis'a- ture of every mining state.
 In fourteen states this bill became law. The effect was immediately seen in the fact that many fraudu- lent promoters ceased to do business while others were convicted an forced to quit.
 More stringent laws have since been passed by many states, which together with the close surveillance of the post office. department, mas so discouraged the wildcatter, that mining investors today are probably better protected than any other class
 The question naturally arising, is: If this is a fact then why is it so difficult to induce investors to en- ter the mining field? The answer is lack of education. For years the press of the country preached the one sermon that mining was a gam ble with the cards stacked against the investor.
 The congress has sent out thou sands of pieces of literature refutin: these statements, and proving bS figures that mining, intelligently car rieds on is one of the safest busi- resses a man can invest in. Some good has been accomplished in this line of work
Arizona republican., 1914-10-11

Continued on Page Twelve)
Arizona republican., 1914-10-11

timers believe the new strike has uncovered the mother lode, for which prospectors have hunted for scores of yearS.-BiSbee Review.
Arizona republican., 1914-10-11
vent a complete demoralization,

vent a complete demoraliZation, n powerful English syndicate took over the holdings of the broken Bombay bulls" On April ? last the syndi- cate manager announced that the final lot of these holdings has been disposed of From that time the market has been largely free of or ganized manipulation and the visi- ble supply of commercial silver in London and the Far East according to an estimate at about the end of July, was only about 7,000,0OO ozs.
 What then are the future in fluences likely to affect prices? In the first place the worlds industrial consumption of the white metal has increased greatly in recent decades According to the estimates of the director of the United States mint, based on careful investigation and official reports, this consumption for five-year periods has been in fine ounces.
 1S92-1S97, 14O,249. 300; 1898 1902, 209, 659,300; 1909-1907, 335, 795, TOO; 190S-1912, 576,392,e71.
 In the last quinquennium the av- craze yearly consumption was 115,- 27S,534 oZs. By producing poverty, tho European war will probably cut these figures down. But if the price tries and arts will probably call for 80, 900, 900 ozs.
 Consumption of silver in coinage, however, will most probably receive a decided stimulus from the war. On the outbreak of hostilities the British and French hints were forced tO buy hurriedly to provide a sufficient quantity of circulating media IT. ad- dition to what may almost be called fiat paper issues. In France, one Paris correspondent writes, the hoarding of silver was checked at once when the mint announced that it was coining bullion for immediate use The war experience will most probably emphasize the need of T larger currency not resting on gold reserves in banks. Steps, therefore will be taken in the future to in crease silver coinage and this point acquires added importance when one considers the starving of the hints in recent years. It is hardly natural that silver coinage should decrease while the worlds population was growing. trade expanding and retail transactions coincidently multiplying
 Vet in the fiveyear periods to which attention has been called above the worlds coinage of silver has fluct- uated as follows (figures in fine ounces):
 1S93-97. 45,46S,459: 1S9S-O2, CHA (ron+ip,,od , r3aa,o T,ro1,-o\
Arizona republican., 1914-10-11
THE MINES OF ARIZONA

ments of the 119 companies we find that 25 operate copper properties, all but two located in the United States. These p companies so far in 1914 paid to shareholders $31,S56, : 363. This compares with $3S,270115 by 34 companies in the same period in 1913 and $2S,S2O,42S by 27 com panies in the same period in 1913 and $2S,S20,42S by 27 companies in 1912.
 Had it not been for the Lake cop per strike, and the present European and Mexican wars, American copper producers would have ad the great est 9-mOnths' period in the history of the industry.
 It is of interest to note in con- nection with the dividend history of American copper producers that the total disbursements of the 25 com panies mentioned above total $2S,- 310053 This is $1S5,293,13S in ex- cess of outstanding capital, re . markable achievement in view of the very large capitalization of some 5f the companies participating. There were also ST companies par ticipating in the 1914 disbursements which are classed as gold silver lead-zinc producers These paid dur ing the 9-months' period $23, ,193, 654, and since incorporation 052792 on an issued capital of S257, 952
 SiXty-one of these are located in the United States and during 1914 contributed $14,01S,4S5. To date their disbursements total S22,759,69S on an issued capital of s179,SO5, ,923.
 Twenty-one are Canadian proper , ties with $S,149,S95 to their credit for the year and s61 1596,326 to da te on an issued capital of 2,596, 326. When it is considered the large ma jority of these properties have been operated but a few years the result is remarkable.
 But five Mexican properties in the above class have reported as paying dividends this year. amounting in all to $1.175,274. To date, however, these five companies have paid s20,923,217 in dividends.
 Six metallurgical companies have had as prosperous a 9-months per iod as for several years passed, pay ing in 1914 @ months) S12,376,432: in 1913, $12,O95,53S, and in 1912, s12,- 027,202. To date these six companies have disbursed $172,3S6,2S4 on an is sued capital of s279, ,19S, 34O.
Arizona republican., 1914-10-11
SiIver's Prospects

The proposition now before con- gress for giving the secretary Of the treasury authority to anticipate pur- ohases of silver bullion to the extent of 15,OO0, 900 ozs. is equivalent to al lowing him to buy metal sufficient for three years coinage on the basIs of the 1912 mintage, which consum- ed 5,51O,292 fine ounces of silver. Even the annual average of the three years 1910 to 1912 inclusive, was about 4,200,000 ozs. As an emergency step, therefore, the plan cannot be severely criticized. Ihe government would acquire property on which there is a seignorage pro : fit in coining of around 50 per cent. In its emergency efforts to protect the cotton situation, the treasury Is virtually pledging it's credit on commodity subject to the widest fluctuations. If the proposed silver purchases should serve to prevent d severe decline in the price of silver, to that degree it would lessen the debit side of the war account as ai- fecting this country. It would les sen loss to capital and avert the closing down of mines, with conse-
 auent suffering by labor. The amount involved is not, in itself, suf-
 ficient to advance the price on our selves, as purchasers, to any im-
 portant extent.
 As a simple business proposition, without reference to the effect oh
 the silver industry in great crlsls,
 it might pay the government to stor9
 up a little surplus of the metal for future coinage uses. The price IS low, at 24d. an ounce in London,
 bar silver is but a little above the lowest price on record. In 1909 the average for the year was 23 11-16d., the lowest annual average since 1855 from which year the bullion dealers, Pixley & Abell, of well-known au thority start their records. In those days the commercial ratio of silVeH to gold was substantially Is to ]. The present price might go lower on
 war influences, but on the other
 hand the opportunity to stock up
 cheaply may readily be lost, for there are not a few factors conducive to future strength.
 In the first place the speculative
 position is sounder than in long time For several years prior to 1913 a "bull' syndicate in India held
 large stock of. the white metal,
 which the London bullion dealers re- garded as standing menace to the
 market The syndicates stock had been accumulated with the idea of selling it at high prices to the gov ernment when the latter was forced to buy to supply rupees to lndia's trade. The operations of the syndi : cate coupled with natural influences, carried the price of silver from an average of 2S 1-32d in 1912, and to 29 3-S early in 1913. Last year, however, there was a speculative col lapse in India, attended by the fail
 ure of the India Specie Bank ami
 many other swadeshi (native) insti tutions The silver market fell to
 25 15-16d. in December, and to pre-
Arizona republican., 1914-10-11
keiuin- Sultana

The new concentrator of this com . pany is now nearing completion. All of the equipment has been taken across the Gila river the last piece being the six foot Hardinge mill. In the mine preparation is being made to reopen the old stopes in the No. ? vein which were worked for high grade ores some years ago.
 On the 500 foot level drifting con- tinues on the No. l vein with good results. A car of carbonate ores re- gently shipped to Hayden by lessees brought 15 per cent copper with small values in silver and gold.
 The recent heavy rains carried away the large carbonate ore dumps at No. 1 shaft and did considerable damage in the old workings.
Arizona republican., 1914-10-11
Discoveries of Antimony Are Report
 eJ in ilf,b


 SALT LAKE CITY. Cept. 29.- Some valuable discoveries of antim ony are reported in Washington county, Utah, in the extreme south western corner of the state, which are carrying about 50 per cent of an- timony ore but as the mines are far from railroad it is hard to market the metal. The discovery is located in the gold district in Bull valley. Nominal prices on antimony in the New York market at present range from II cents a pound for COokson's imported down to 9 cents for what is known as ''other brands coming from China, Hungary and other pro ducing centers.
 When available, United States an timony commands a price near the top of the market with the special imported brands, but the demand at presen is light owing 10 the high prices ruling.
 The United States Geological Sur vey has the following to say of the antiomny situation:
 'Antimony is ordinarily one of the cheaper metals selling at one and q half times to twice the price of zinc, but since the outbreak of the war llt has reached more than 20 cents a pound price higher than that Of aluminium. During the six years from 1908 to 1913, inclusive the price [ of CoOksons antimony ranged from 7.45 to 12.S1 cents a pound, to S.58 cents a pound. Much of the time during the present year the price has been still lower, and toward the end of July it was quoted as to 7.10 cents. Other brands have ranged from O.25 to 1.25 cents lower.
 AS has been pointed out in the United States Geological Surveys re- ports, at these prices antimony ores cannot be worked profitably under the mining regions of the United States unless the deposits are large and advantageously situated.
 No deposits of antimony ores have been found in the United States which entirely fulfill these condi- tions, and as a result practically all antimony metal used here is impor; ed from European smelters, mostly l from England. The ores for these smelters come largely from China Mexico, France and Austria. sc | long as the war exists and especially so long as sea traffic is disturbed the production will be curtailed and prices raised, for the use of antlm ony in type metals and especially if bearing metals is fixed and will con- tinue. Other uses such as the mak- ing of coffin trimmings, which con- sume a surprisingly large quantit! of antimony and from which there 1 is no secondary recovery, might con- ceivably turn to aluminium or other metals as substitutes.
 For several years the produc- ton antimony in the United States from domestic ores has been confin- ed to that contained in antimonla 1 lead and small quantities recovered in the electrolytic refining of copper and lead. A production of antimonA from foreign ores, which can onlS be estimated is also made. The an 1 timonial lead is mostly by-pro duct in the smelting of the precious metals and efforts are made to save all possible. that this production can
 not be largely increased. The quan'
 tity saved in electrolytic copper re-
 lining can probably be increased
 though not enough to make 1t
 serious factor in the market.
Arizona republican., 1914-10-11
Rich Gold Strike Is Made at Bowie

Arrivals from Bowie yesterday brought the news of gold strike at that place which is causing much eX- citement The strike was in Gold Gulch. which for the past 30 years has been producing placer gold. It is located twelve miles from the city.
 The discovery was made by three Mexicans who were unable to locate the ground because they were not citizens. They told Bud Snow, pro- prietor of the hotel, and Joe Schae- fer, justice of the peace, and the two have already located eleven claims. The ore is free gold and
Arizona republican., 1914-10-11
Minerals In Indian Reservations

A question of great interest to the
 whole country, but particularly to
 the west is how the great amount of
 mineral known to exist in the many
 Indian reservations, is to be develop
 ed and placed on the market. That
 such deposits shall be developed, is
 of vital importance to the states in
 which they are located, and some
 means should be found whereby their usefulness can be utilized. One school of thought insists that all metaliferious lands upon the pub lie domain are open to location and entry under the mineral land laws,
 but as this theory has never been tested. it remains yet to be demon strated.
 At the coming convention of the American mining congress this ques tion will be presented by men who have given the subject careful study and an effort will be made to de- velop a comprehensive plan of solu- tion.
Arizona republican., 1914-10-11

This department ia under the di rection of Mir. w. E. pcfty, the well known mining engineer, who will carefully scrutirize all mat ters relating to mining in order that only reliable information re- garding legitimate enterprises shall find 2 place here.
 The Republican would bs pleas cd to receive information from any part of fhe state regarding tho developtnont of the mining in- dustry. All communication should be addressed: Mining De- psrtrnep-, Arizona Republican.
Arizona republican., 1914-10-11
Great Mininu Convention

WHlcn prOSpectorS have hunted for scores of years.-Bisbee Review. Great Mining Convention The Seventeenth annual convention Of the American Mining Congress which will open at Phoenix, Arizona December 7th for a five day session. bids fair to be of great benefit, not only to the state of Arizona, but to the whole southwest
 Mining men from every part of the United States will be present in large numbers and the difficulties and problems now confronting the
 metal mining industry will be threshed out and valuable sugges- tions offered by men who have made mining their life work and aided largely in the many improvements effected in this great industry during
 the past few years.
 The work of the United States Bu-
 reau of Mines, so far accomplished and plans for future work, especially
 as affecting western metal mining
 will be explained by the director, Dr.
 Holmes, assisted by corps of asss-
 tants. It is probable that a demon
 straticn car will be sent to Phoenix during convention week.
 Metal mining must always be one
 of the greatest, if not the greatest idnustry of the western states, and this is particularly true of those
 states embraced in that section known as the great southwest. Tine coming convention offers an Oppor- tunity to bring before the country the resources of this territory that should not be neglected.
 The program for the entertainment of delegates now being arranged, by the local committee, while not yet
 completed, embraces automobile trips to the Roosevelt dam, the great
 smelting and mining operations at Hayden and Ray, and such other forms of entertainment as gives as surance that every minute not occu pied with the sessions of the con gross will be spent in such a man. ner as to leave lasting apprecia- ton in the minds the visitors regarding the hospitality of the val | ley dwellers.
Arizona republican., 1914-10-11
Conner Lowest Since 1902

NEW YORK, Oct 6.-Sales of electrolytic and copper were report ed today at eleven and one half cents, spot cash, the lowest price reached since 1902.
The Pensacola journal., 1914-08-22

Precinct committeeman OF the re-
call signers held a lengthy meeting
at recall headquarters last night and
discussed the matter of candidates for
the approaching recall election in PEN
sacola. At the conclusion OF the meets
ing it was announced that the COM
mittee would withhold the names of
its members pending a final report
and also declined to announce the
names of the candidates discussed at
the session.
1t was announced, however, that the
names of a number OF prominent and
progressive citizens had been dis
cussed, but all OF the discussions were
of a preliminary sort and that another
meeting will be held Monday night
in recall headquarters when a report
will be prepared and submitted to the
general meeting of recall siRners to
be held at the court house Tuesday
night. At that time the organization
will endorse two candidates to oppose
Messrs. Pou and Greenhut and, It was
stated, make a vigorous campaign
with the view of electing their can
didates.
"The meeting tonight was absolute
ly harmonious" said one of the COM
mitteemen. Every person present is
bent solely upon getting the best men
possible for candidates in the ap-
preaching election and there was alb
solute Unanimity OF purpose. We
have not concluded our work and
therefore can make no announcement
at the present time, but the people of
Pensacola can be assured that the
names of the best men possible will
be presented to the meeting Tuesday
night and from the number two men
can be selected.
"Of course this committee has no
authority to endorse any person for
office. 1t can only secure the consent
of persons to have their names pre-
sented and the great mass of citizens
signing the recall petitions will be the
ones TO say who they shall endorse"
The Pensacola journal., 1914-08-22
Suit to Name a
Receiver for St.
Louis Trust Co.
BY ASSOCIATED PRESS.

st. Louis, Aug. 21.-Suft ror the ap-
pointment of a receiver for the Bank
e-s' Trust Company, a st. Louis con-
Germ that owns stock in many banks
in small towns in the west, was filed
in the circuit court here today.
The suit was brought by Merritt E.
Leming, vice president of the San An
tonic, UValde & Gulf railroad, the
stock of which is held by the Bankers
Trust Company.
The capital and surplus of the trust
company is $4,000, 900. In the last three
months it's stock has dropped from
$3.50 to $40 a share.
The petition says that the company
has deposited with the National Bank
of Commerce, of st. Louis. assets
worth $4,50O,OO0, to secure a s75O,000
debt.
The court is asked to order the pay
ment of claims for the construction
OF 200 miles of railroad to establish
the priority OF liens on the trust COM
pary and to restrain the directors and
officers from interfering with the
management of the assets.
The Pensacola journal., 1914-08-22
HEAVY ARTILLERY FIRE OPENS AT NAMUR
BUT GERMANS ARE OUT OF RANGE OF GUNS
FRENCH CLAIM TO HAVE FORCED GERMANS
BACK INTO SEILLE RIVER VALLEY AND
MARSHY DISTRICTS - GERMAN GENERAL
LEVIES WAR TAX OF $4,000 900 ON CITY
OF BRUSSELS = ITALY ASKS AUSTRIA FOR
AN EXPLANATION
BY ASSOCIA TED PRESS.

Paris, Aug, 21-An official statement issued tonight
contains the following: Numur is partially invested
heavy artillery fire opened at The Westward move
of the German columns continues however, both
banks of the Meuse but outside the of action at Nu
The German cavalry forces passed through Brus
sells today going Westward and followed later by
the army corps.
"a tax forty million dollars has been levied
Brussels by the German general The retreat OF the Bel
gians continued today without incident.
"After reconquerng the frontier the French advanced
into Lorraine along front extending into the Donan
mountains they drove the Germans back into the Sele
river valley and mashy districts the French reaching
Define, Dieuze and Morhange. #
Several German corps yesterday made counter
and the French guard fell back The fight fierce
both Sides and in view of the superior numbers of the
Germans the French who had been fighting continuously
for six days. retreated The French left the ad
works of Nancy and their right is firmly established
in the Donan hills
Minister of Messimy, today asked George Des-
parbes the French novelist his siNtieth
he would write story for the bulletin Desparbes
replied he would write the story if Messy would give
him back corporals stripes and send him the front
The minister objected declaring it impossible.