| Show 11 MINES MINES AND MINING STOCK QUOTATIONS IRON BLOSSOM I CUTS ANOTHER CAVE May Day Has Zinc on onh h Hand Swansea Hand Swansea Producing From Three Levels 11 Important new developments de in Iron Ij Blossom Ma May D Day y and Swansea aro chronicled by Ralph Badger tho thA Tintie Tin Tin- tie tic representative of ot Badger Brothers the tho o Main Mahi aln street br brokers l ers in his sp special irons from camp last Jast evening c as follows Iron Blossom has gotten another c cave v at No 3 1 workings This time timo It ItIs Itis Itis is to tho the west of ot tho the main ore bodies on the foot root level near where tho the recent stringers ers of or ore oro were found The h C cave Le I Is of fair proportions r I but ut it t ID D US UI e Bl IV O b IU lU 1113 that that It can onI only be bo penetrated with wih the greatest difficulty and only ony for tor a ai i Distance of ot about thirty five feet The cave cavo Is IB well wel located for tor ore oro as ts It Is near the vein eln and now shows some soma visible Isible signs of oC A Adrift Adrift drift Is Js being driven to get Ret under the cave where the ore generally Jake makes MaT D Day In the tho May ay D Day mine mino in Tintic 1000 tons of or zinc ore is brol broken en and read ready tor for or shipment awaiting tho word from the tho railroad officials Superintendent IC C. C C. C GrIggs Is read ready to commence Shipment as soon foon as the word is re re- re The new now electrical equipment I is 18 now noW ow Installed and the tho mine is equipped to handle a large largo tion It I Is conservatively estimated I that the ore now broken will wi average o crase 25 a ton The mine Is at he ho present time a little In debt on the purchase of or equipment which has been installed J and the recent extensive e development Ic 1 but the ore now broken will wll man many time times pay PRY Us Its Is present indebtedness The l management et of the May I Day I la is ef 1 v. v L. L LU J 11 pay J dividend before the year ear is out Swansea Consolidated Swansea Consolidated came on the market last week with wih a shipment of ot eleven cars of ot ore or approximately approximate qi 75 tons which shipment shipment Is I well wel up with Ith Ih the average e production of ot the thein in m Inc IDe for tor the past few months months The ore while ne not a high high-grado I is a n fair ship ship- ping ng ns' ns product containing lead silver siver al ad d sulphide Iron In such proportion n. n t it I makes a a ver very desirable smelt smelt- in Inter product and ond consequently Is la treated treat treat- ed dat at a very ver low rate In fact tact Swansea lia ha one of or the tho best smelting contracts h hold d In The Tho company Is no now from thc the and foot SOD levels to the theno no nth of ot the shaft shat and the ore Is still gOI grollig g up tip There Is considerable virgin vir gin ground gound a about out tho the toot SOO level hl Is i promising for tor ore oro bodies s. s The c company m anT Is 1 also getting a little lead ore din fn the south workings ZI C C ENJOYING t GREAT PROSPERITY An Ani unparalleled period of ot prosperity 1 ja- ja demonstrated Is i Ana d. d by the midyear zinc com known as spelter statistics statis statis- tics recently Decently Issued b by the geological I i which show an Increase e In both production ton and consumption of ot i 9 9 per cent over the previous I six m says ays the Boston News Bu- Bu J reau t Zino ore exports have have risen 55 65 per er ce t arid and ard spelter exports have bave In Increased in- in creased 60 per cent cent No 20 era era In previous history of ot either smelting or ore pro- pro anything to offer as a com com- parson with wih this one Smelter and andor or ore m min jn oro aro oo setting getting unusually high prices 66 a ton being quoted for tor Or the best hest grades evades grades Tho The highest previous price rIce pa paid fd was 60 60 a ton In 1905 The consumption for tor the period was short tons com corn pared ared with ith tons for tor the last half halt of ot 1911 and nd tons for the tho first half balf bai of or 1911 The stock stock of o spelter held at smelts on June Junc 30 ZO 1912 was 6 41 1 short toa s as against tons ton's at the be beginning of ot the year The he stocks are now now- smaller maler than tha at the close of ot any y rl since 1906 cose This Thin T t Increase in zinc and consumption con con- is the result of ot actual con con- conditions In Inthe the Industry It I represents an advance o in tn this metal believed to beamore be bo of a amore or orless less lees permanent nature I QUINCY THOMPSON QUINCY I NC I WILL START ON ORE I I I I Peter H Harrington f foreman fireman rcman of ot the I Thompson Tompson returned to Park 1 City yesterday after a a day spent In town to He lie reported that work spent was discontinued dis- dis continued In i the upraise for tor a few days while pipes wore were being laid to Stake take care of at the water and to make mke some necessary repairs A track will be put In between the tho two raises wIl and andI I I I omo of the exposed ore will wl be bo taken rout lout and shipped a little later It is isaId aId eald eald that some distance below tho the top of ot the raise rIse there is a vein of ot three to 10 four r feet of ote shipping shipping- grade that will lie e started on this week Work of continuing continuing con con- wi the raise raie which Is up about t feet et will wU be resumed i NEV NEVADA ADA GOLD GOLDI I IS A WHOPPER Engineers Claim Tons of 20 Gold Silver Gold Gold Siver Silver Ore Above Level Unless the new Utah Ulah owners of or the Nevada Gold Northern Mining company are aro l b badly mistaken they aro are now opening up UI In Churchill Churchil county twenty miles mies eMit Cast of oC Fairview one or of the tho biggest biggest big big- gest propositions In the state Competent Competent Com Corn mining mIning engineers who have havo re recently ro- ro examined the big big domain toll tol them the they have o at least tons of ore oro blocked out above the tue foot SOO-foot level which average 20 20 a ton or 4 H- In the a aggregate This week V W. W K F. Smith general General manager manager man man- ager Jer Director H. H M. M 1 Quinn and Director DIrector Di Director DI- DI rector Geor George Georce e Coslett came In from tho the property all al more enthusiastic than ever Already Alread they have hal had an offer oHer from a mill mi company compan to erect a plant payment for tor which ma may come core out of or orthe the tho ores as mined and milled The di directors cl- cl Ii- Ii rectors are now considering propositions propositions tons to put In a a or a a plant Tests of or tho the ore made in Salt Lake show shoW that a stamp mill mi and cyaniding cy- cy process will wIl handle tho oro ore to perfection It I has been ascertained that by leaching about seven eighty se cn per cent of ot values can be saved by cyaniding near ninety five per por cent re recoveries recoveries recoveries re- re can be bo made j Manager Smith said yesterday EWe Vo n have two great parallel veins cutting through the rhyolite and porphyry country countr rock These have been opened for or feet on the strike showing ho 2 up to as hl high h as a ton The values val values vol- vol val val- ues run about seventy five t e per cent gold sold and twenty five per cent cont silver but the ore averages near to 20 a a ton making an excellent milling tion ton tonT T Tc F F. Colman a prominent mining engineer of ot Angel Camp Cal was out with wIh us He lie was at one time with sith the I I I I Lane Lne syndicate of ot that state He considers considers considers con con- siders our estimate of ot ore rc In sight Is conservative t tt t Developments Development We have developed one end of or the tho main vein eln to a a depth of feet teet About feet teet further south we have opened It feet teet on the tho dip and feet teet vertically cr ver ver- crU U al and 35 feet still further along we we we- have have opened the ore 10 feet deep These south north-south veins are dipping dippinG sixty dp degrees to the eastOn eastOn east On the tho surface the main vein Is sixteen sixteen six six- teen feet or more wide every Inch of ot which will wi pan with wih thirty to forty feet alongside which will wi not pan but It shows shows' tine fine ne quartz We Vo have a modern double compart ment shaft shan to the foot level from which wo we are aro now cutting cross cross the vein The drift was as Just In six Ix and a ahal half hal feet teet all aU ore when we leftOn left leC On the parallel vein for a a width or of eight feet the tho values average 24 H to 26 25 5 while picked ed samples run 00 With lh such showings s of ot course we naturally think we have one of the biggest propositions In the great mineral state of ot Nevada Ne METAL HIGHER 1 I BOSTON STRONGER Irregular Firmness In NewYork New York York Specialties York Specialties Make High Records E By Badger Bros Private Wire ire Boston Mig Aug 1 34 Boston t.-Hoston Boston market opened strong uS in response to further advance in metal abroad and a a strong New ew York market market The Thc volume of ot busness bus- bus ines laces ness Is Increasing dally daily daly and more ac ac- Is noticeable Old Colony and Mayflower held the center of oC lon tion lon as regards advances Good buying buy buy- ing InS ng In Santa Santa Fe Things general generally look better letter In and anU we look for higher prices very soon soon Hover Kenny Ken Ken- ny fly Co New Ket York ork Aug 14 There H.-There There has been Irregular firmness In today's stock market with profit profi taking or lack lac of or orI bulI bullish h aggressiveness in some somo of or the recent market leaders while many specialties scored new high prices based on probable favorable developments develop develop- ments meats and earnings While there appeared t to be some participation by leading bankers in the market there thero seemed to be a ton tion to keep the marl market et well veli wel In hand hanl and check any vigorous speculation There seemed to be some some- some basis of or fact of ot further advances in steel commodity ty prices later which was instrumental In the buying of ot steel common which made Ma a new high record cord Weather conditions remained Viry very vory favorable over about the the tho wide crop area arca which was only news worthy of comment com corn ment toda today which Is th the factor actor In put put- ting ing stocks higher later on Hutton Hutton crest C York Aug 14 The The chief In- In In today tOday's a curb market was In the he oil rn v 01 stocks n Coppers were quiet nd md WELLINGTON RICO RICO WE ANNUAL MEETING Stockholders of ot Wellington Rico Ln In arc receipt fi from the secretary of the following explanatory self explanatory notice Notice is hereby given that tho the annual an- an nual 1 1160 meeting or of r the tho stockholders of or the HIco co Wellington Mining company compan Wi will ll be bc held nt at the principal office of the tho corporation 2 22 Judge building Salt Sal Lal Lake City on Tuesday September 3 5 a at 10 Ui n. m. m mu for tor the transaction of ot n all al business that may conic come before the meeting Including the considering and 1 voting upon amendments of or the arti artl- cles des of or Incorporation of ot the company art art- amending article artcle 3 thereof to read and be as follows The Tue company's principal pu pal office f and place Paco of ot business s Is and shall be at Provo Utah and amending artcle article article- 4 thereof to read and amendinG bo ho as ws After otter the fhe word at In Jn the fourth line of ot said lne artcle article the tho annual meeting of or the stockholder which I shall be held at the principal office of or orI I the company at Provo state of ot Utah j on the last Thursday In January Januar ot of each I. I year ear Including the year ear 1913 DULUTH WILL REDUCE PAR FROM 10 TO There will wl be boa a special meeting In Salt H Lake e on on- August 31 of ot stockholders ers era of ot the Duluth Utah Development company for tOr the purpose of amending the articles of ot Incorporation accord accord- log ing to notices which President 13 11 l. l J. J Is now sending out The he notice no no- tice Uce reads The meeting Is for tor forthe the purpose of ot voting to amend and amending the a ar af- af tides of ot Incorporation of the com company Pan by reducing the capitalization of the company compy from to anti and the par value alue of each ench share of stock from 10 to to 10 20 nt on ORES s AT AI 1 Four carloads of or oro ore from Utah mines mine two from tram Nevada and three three from from C Colorado l J d were tep reported af at at the Uth Utah Utah- Ore Sampling company compan Saltair tonight 4 I CHEMIST SEES r UNION CHIEF Says One of Three Things Is Found in Lead Mine and Chief Has All Al Three Professor J. J F F. F Elsom of or New cv Alban Albany Ind md left for tor the tho east yesterday afternoon afternoon after after- noon after arter having ng ha spent a cn day In a a careful inspection of ot the Union Chief Inthe in inthe inthe the Santaquin ln district in company compan with General Manager I li L A A. A MartInS Martin Martn The professor Is an analytical chemist of ot lare largo large experience in Joplin and ami other big ore oro centers and was selected as a representative of or eastern Interests In Union Chief to come como out and examine t the ht property 1 Professor Elsom said just letor before leaving If that hn hA iva wa ef H d with wih what he found nt at Union ni n-chei n Chief Ho He s 's said td his experience has shown him that three things go to make malte up a n big lead lend plenty mine plenty of or linie spar talc and lead At At least one of ot these I have always found In lar largo large e lead lend mines but in the tho Union Chief I find all al three Lead Lad lead lead I found everywhere e I The property presents an excellent op opportunity opportunity op- op to become a largo large shipper In this extraction from the ore bo bodies leR now In sight the tho chances are arc good for I more ore being In sight when this Is Isbone 1 gone bone than what Is In sight now He lie le I said he ho was waR favorably ta impressed with I the manner In which Mr Quinn the new mine superintendent Is taking hold of or things Tho Tue professor was sas WIS careful cardul to examine all al the levels le raises and and andwil will wil carr carry back to hl his a aery very ery favorable report report on this budding Utah in mine Inc Manager er Martin says faR Mr Ir Quinn Is here to pick up ten of the tho best old- old time lead miners he can get Jet his hands handson on on and that ore shipping shIppIng will wi be started started started start start- ed right oa away G- G NEW BOSTON-NEW YORK COPPER MARKETS 0 Brothers Brother brokers broken 19 South Main s street treet h the following yesterday o their wire BOSTON DOSON COPPER RANGE SalesI II IL I I I. I L. L I C. C A r 6 61 6 6 6 A Arcadian r lc 4 4 4 A Arizona Commercial 65 6 54 t CH tS r j Butte Dute Superior 5 4 I. I i U i C Calumet 1319 77 77 77 C Chief 40 H 1 14 I 1 C Copper opter o 1 0 s gc 5 D Daly Pier Wf Went t Ol 5 6 5 DD D DaI Daly Iii i 2 K E Fagle Kle agle S k Blue Bell rl 2 1 is 1 IS l 1 i t iti Bute 9 HI liLa 13 11 It Y 4 n i i r-neby r j 34 56 64 54 1 55 1 ci 60 0 6 5 c cI 5 I E S 5 i Cananea 2113 2115 l IO ST'S ion l lI e 1 K lI I Indiana 5 is 19 is sq I 11 IttS 6 36 a aake 1 L Loire ake Copper 5 9 M 3 56 1 G Majestic isoo 1500 IS so 47 t 49 M MN Masan fasl Al no 10 13 13 13 1 N Douglas 00 0 3 3 3 31 N NO North orth Butte i. i 40 31 20 30 sos O Old NO Dominion 60 61 CS 53 L MI SSi O Old ld 60 11 11 10 11 1 61 O coola cola 11 US 1819 16 S Superior Cop Copper r Ill 47 41 46 47 S SU Superior oton 20 3 1 IS l 1 4 1 U U. U S. S Smelt common 1451 O 46 4 4 46 46 46 1 tl 1 1 S S. S Smelt preferred d CO 54 t M 50 Y 1 U Utah Uth Consolidated 09 oi it 1 12 n I 11 12 BOSTON CURD STOCKS I A Ar r. r fc Mch 6 5 1 |
