Salt Lake Herald-Republican | 1912-09-22 | Page 15 | Mines and Mining Stock Quotations

MINES AND MINING TOCK STOCK QUOTATION THREE GOOD ONES ONESI W m r I NEXT TO EUREKA E Victoria Eagle and ad Chief Shipping Shipping Shipping Ship Ship- ping Tons a Month Valued at No other portion of Tintic has s made tho the rapid progress during the past spring and summer Hummer or attracted c so gO o much prominence as that strip of or richly mineralized min mIn- ground lying alongside of the town of Ot Eureka embracing the Hie three thre Bister Ister mines of or Chief ChIc Consol Consolidated Kagle agIe B Boll Bell l and the Victoria They have havo all aU made remarkable strides Tho The aggregate during luring the past year ear of or their production for tor or tho the past week i wi will IlI probably exceed 75 G to ht s week Chief Con shipped twenty twenty- four four cars Eagle ten and Victoria three At n fifty Citty tons each that would a aggregate rte rte- gate nto nearly nearh 2000 tons for fOl the tho week ore are averages from 1000 to 10 a car At this rate these three mines u are shipping shipping- near to tons a month When the he Eagle completes its Us ore bins hins this month it will wi increase Its production production tion nearl nearly per cent and tho the three ton will wil then be producing at the rate of of tons a month of or a Q total valuation of ot ap approximately well wel over The Tho ChIef Chief Consolidated Is doing ox- ox do development work v in tn addition to handling Its Is large daily al tonnage it t thas thas has bought up ip the underground rights of or practically the entire entro town of ot Eureka below helow which it Is now flOP nOt said to be finding finding find find- nd- nd ing some of of I Its richest ore oro Iro bodies Und Under r the provisions pro of at these town purchases mining la is not to 10 be bo done dono within 00 to feet feel of oC the surface Should caves caes occur damaging an any of or ortho tho the houses in town or the water from rom roman an any of the wells wels be tapped from below helow causing the wells wels to dr dry up tho the mining company is is held hel responsible under under the con contract tact Tb is sending out some ome yer very ery rich Ich ore these days das according to re rc- rc ports In fact tact everything it i Is forwarding for- for warding In Its Is three to four four cars a week Is said fald to be of exceptionally ly high gradt Tho company Is now planning for certain and tho the depths sinking of or the main shaft shae to greater greater Eagle Eale fc flue niue lieu At t the Iho Ea Eagle lo Blue Bell Bel more ore ore oro Is Isnow isnow now no being produced and sent scat to market mar mar- ket Icet than over el c before In the history of ot the mine This ore Is coming principally principally al ally from the l 1200 OO and nci neighboring levels le The Tho from the Is stilt still sti being sunk In the rich ore oro s shoot oot which continues on to give ghe up a product t which runs rims to tho car cr or 00 a ton The drift which was sent out on the tho 1350 level Jevel from the now new nOt station staton passel passed sel through a good bod body of or ore from which commercial grades wore extracted This drift is being continued to catch catch a quartz vein eln which give up p good values on the level above c All Al the tho Eagle ore Is Jg now b being ln dropped do down don n to tho the 13 1350 1353 3 level eol and sent Bent over to the tho main shaft shat and with wih a a single raise brought to tho the surface A re regular ular weekly production of twelve to fifteen cars from rom the tho Eagle will probably be bo reached within tho the next ext two weeks J. J C. C Sullivan Sulivan general manager of or tho the Victoria says that an order has ha been placed for all an the tho material and tm c machinery machin ln- ln cry ery r which will wil be needed to switch swich over I from steam team to electric power at tho the thomine mine and that this change will wi be made mado I as possible after ater the arrival of ot I th the new equipment Electricity will wi be bc used not only In driving the thc big hoIstIng hoist hoIst- ing ing- engine but In the operation of oC tho the aI aIr compressor At tho the present time two small smal compressors are in use uso at tho the Victoria Mr Ir Sullivan SuUvan has placed an order for a large modern compressor compres compres- sor which will wi replace the smaller machines nia- nia ma- ma chines chines giving th the mine everything that will m be needed In the wa way of ma machinery for lor years to come L A. A S S. S R R. R OFFICIALS INSPECT I SMELTERS An Inspection of or the Garfield plant of f th th the American Smelting and lag ing company was made yesterday b bv hy S Si S. S R. R Guggenheim a director of at tho the company T. T is M. M Schumacher traffic manager and General Manager C. C AV V. Whitley of Salt Lake Friday W was S Spent spent pent looking over the M Murray rry plant From Utah the part party will wil go to plant Ida Idaho ho for tor a few tew weeks of hunting and fish fish- In lug ing The inspection of tho plants plant at this time Is 15 not considered significant However it i Is stated that no strike trouble is Is s anticipated at tho the plants but bus some of ot the fires tres may have ha to bo drawn dran If I the tie up up te-up at con con- for tor any length of of time M-H- M t t M 4 4 t M t 4 M 4 1 M 4 M 4 44 H- H 4 j 4 4 f ORES AND BULLION 44 4 4 4 4 Smelter settlements yesterday f 4 4 reported b by McCornick Co 4 Oro Ore bullion bulon 5 f. 4 Silver was quoted at copf copper copper cop- cop f per cathodes 1450 spelter 4 f New ew York 30 lead 44 4 4 Weeks' Weeks totals Ore 4 4 4 bullion bUlon 4 4 I A A 4 4 MORE STRENGTH IN BOSTON STOCKS New York Market Has Made Material Rise During the Past Week B By Badger Bros Private ute Pr Wire Bo Boston s to n Sc Sept p t. t 2 21 1 Ma Market rk c t ab showed o y more strength and breadth today re reflecting rc- rc fleeting tho the strength th of or the New ew York market Isle Royale was tho the strongest feature Good buying continues In ill this stock and arid It Is exp expected ct the tho experts expert's report will wil be strong stron on having tho Kearsarge lode East Butte Bulte Dule continues to be well wel bought hought again today tolay advancIng advancing ing above c 15 Ho e 1 Hovey I Kenny en lY Co Now New York Sept 21 There l.-There There Is nothing noth in ing new In the Val street situation at tho close of or the wool week Politics Is ap apparently apparently ap- ap parent cose without the slightest t significance a 1 cance as os concerns stock market prices which have been moving mo since Inco tho the first of the week with great gleat regularity The mone money scare seems to be dying out bankers app appear ar to bo confident In handling the tho situation without paying Interest on government deposits or payIng paying paying pay pay- ing a premium on Importations of gold The crisis In mone money however usual usually comes In October But nut we e dont don't be beleve believe be- be lieve leve there will wi bo be any severe severo tension this year a as tho the great crops raised and ext extensions In business lines over OVal the country have not been preceded b by a abig abig abl bl big rise In securities in anticipation of oC these factors as aa seen In years gone ono b by Hence the tho stability of ot the mane money situ situ- Itu- Itu It I Is to be he admitted that stocks have o ha had a n material rise riso In tho the recent week In man many leading specialties and Ind it Is well wel to advise caution In making commitments commitments com corn Co temporarily E. E. K I F. F Hutton Hulon New ew York Sept 21 l United Cigar Stores was again the tho feature of ot tho the outside outside outside out out- side market crossing 10 and closing a sl slight ht reaction from the tho high price British American and Anglo Oil 01 were also strong Coppers were dull dul an and practically unchanged Fay AL EMERALD A-EMERALD T HAS HASTO TWO TO ORE BODES BODIES I General Manager McGlynn I Goes I tub Into nto Details in a Private Private Pu- Pu vate Letter Leter Writing from the camp of or Alta AHa under September 20 Captain C. C J. J McGlynn Mc Mc- Ic- Ic Glynn general manager of the thc Alta Alta- AHaI Emerald Emerald the property backed b by California California Cal Cal- Cali Cali- I fornia capital which adjoins the South Hecla on tho the cast east says SR'S in a private letter While hlo I 1 very cry much regret that all al the te mines here arc are closed an and things generally are at a a. a standstill owing ovIng to LO tho the strike I am pleased to inform you that we have o in nowise been affected as our s aro stockholders In fn the company compan At a meeting of or the miners miners min rain ers era held here Wednesday night a reso reso- lution was passed permitting tho the Alta Alta- Emerald and the various arlous Jea leavers to con con- work I think the tho Peruvian was included In this arrangement Wo 0 have struck a ver very good grade of ot oro ore In the old workings on the hill bill above the Emerald tunnel Yesterday hl we uncovered a bod body of or or ore oro on tho lime Hmo and granite contact and began ex extracting eX- eX It for shipments The ore are is carrying silver sulphides and copper carbonates with wih indications that it I runs rutis i high In copper I 1 sent samples today I Ito to Salt Ll Lake e to bo be assayed and will wil have returns In a n. couple of or dU days f The he ledge Is 8 tour four Our and one half feet teet between walls wall and anti the ore streak averages averages averages aver aver- ages thirty inches We Wo have e already sacked between four and tons and c calculate to make the Ule first shipment about fifteen tons This will wi give us UI u a 4 line lne on the values and enable us to sort It moro closely should It be bo lr sary We figure flure on sinking deeper an and ana getting out shipments as long as the weather wll wl permit The Then we shall resume re- re sumo sume work In the Emerald tunnel for tor the balance of the tho winter As s all al this thi ore to be shipped will vilI be extracted at no greater depth than sixty six six- ty tr or seventy so feet we do not expect any sensational values but hut I think It t demonstrates s that we have two large ore oro bodies which can be reached b by the Emerald merld tunnel without al any great outa outlay Everything points to tho the ultimate success of or our OUI undertaking and I hope very soon to See Bee the Alta Emeral AHa un the list of ot paying properties RYE PATCH LATOSKA IS BEING DEVELOPED Prospectors and prospecting outfits aro are very numerous in nearly ever every canon can can- yon on on the w west st side of the Humboldt range from rom Prince Royal Hoal south to LimerIck Urn Urn- crick erIck canyon sa says the Winnemucca Star Stal In Ba k canyon canOn the stupendous s undertaking the building of or a difficult cult cul lO rou t Is Just JUHt about completed The he miners have havo good ore arc values on the lower level le and the values seem to be bo consistently going down The hundreds of sacks of or high-grade high stored on the dumps clumps will wil more than vindicate the the putting in of or the road The ho La L Toska Mining company compan In Wrights Wright's canyon seems to have developed devel doVCI- a stead steady and consistent mine They have drifted along the vein for tor ninety feet teet and the values scarce scarcely vary van It I is a aver er very vein Blue limo lime is 15 the tho han hanging lnE wall wal with sith rhyolite for a Running along with the vein and about a foot toot wide Is Is' a streak of ot yellow porphyry that will wi pan Mr Ir Newman the tho superintendent says Hays that he ho will wil work all al winter taking ore He lie now has a foCo of fourteen men At Al this mine Just below IndIan Ike peak thc they have a small smal vib-uge vib of substantial tal buildings Improvements and addi- addi with tiong tons will wJ be nado nade to the these theae e. e together a a dryll drying room and furnace for tor tho the comfort of oC the men They have already alread begun and will wi continue to get in their winter supplies before the snow flies flie They ar aro now in about 00 feet teet fles MINING MEN REQUESTED TO SEND IN SAMPLES This year I. I-I. S. S Joseph again will be dIrector and V cv H. H TobI his assistant wi at the mineral exhibition of or the state r fair The splendid line lne ne of ot samples shown one year a ago o attracted wideSPread wide wide- spread attention the manner of ot arran arrangement ar ar- ar- ar ran ement having brought ou out much favorable comment Most of or these thesel specimens have been preserve and l Kept m on exhibition at the V Vermont buIlding These will wi be bo re removed to th the state fair grounds Tho The management of the mineral al building s 's now flow calling upon tho m minIng raining rain min Ing men of ot the state to kindly send The in specimens desire is to from make their proper tle a much bigger a and better beter mineral mineraI display this year than lat last However this cannot ast be bennt done don without the tho hearty co of tho the CO mining men of ot the state Operators Operators Oper- Oper are aro aro requested to box th their lr cx ex tag jand and express to lo Mineral j Building State T Lake city Cly IJ lr A Association Salt Bal FAIR FAI AMOUNT OF WEEKLY SAlES Ohio Copper Makes Largest Gain Prince Consolidated the Heaviest Loss Business on be local raining mining for lor forthe tho the week Just almost equaled equale the pre previous lou which 1 Itself 1 bad shown gains gain o or 01 over ench I of or tin the w weeks w-eks ws s It During the thc week 1 Con eon Ct il ft-il off 10 I. I DurnI points Iron Ire Irn Ulos om lost ot d 5 point May nor Day pained 1 Ohio CI Copper r r 11 gained gInel 1 nl shout out out 20 0 1 point Of r the tho 01 cent nt i C addition to tho the stock tock tOI sad and dropped down I us es lo v vUK UK CM D 10 cents biLl Inui Ino Bosom was WI n nelre j M shares nt st May LH UHf sold soM front from rm I 15 cents up Hp lp to 16 routs cents on nn 1 of or 2 2260 60 60 sluices sluices' t. t Lower Louer Mammoth sold cold 1011 A block lod of or ll m res at 7 cent Sales hg for Cur th II amounted to O ruined at lt i jS Official clo ln quotation were as us Col follow 01 I Bid Dt I I L I I Dil I L Ask ii Tunnel O 10 M. M ink ink-e 03 Ct 01 n. n CG 0 Oi d. d I. I L. L Fx O Jac 03 0 1 Caria 10 I hills iSS 1 Urn Tall 01 01 N. N York 0 OH 03 0 C. C I I. I 10 OhIo Cop Cr 1 1 16 I Century OlI 1 C C. C 0 13 15 P. P Irn 09 Im Col 1 C o I t 01 O 2 I loii n. n Mer Con Ir 02 CG C e. e 02 i 02 c O 09 0 2 1 Con 1671 i Ily 20 I 0 I Prince OH 02 o 4 1 R. R 00 O 0 O I Ii 1 00 O S. S K Coal w 2 M n. n C T. T Con I E. E Con 6 63 1 10 O Cn I l. l P. P r 01 01 O I- I n. n Chain I 51 33 IR f. f Con ot 01 03 0 U. U Central 6 62 69 6 S. S 1 I DM O j I. I 01 C 2 un B Con Can 04 Ot o 4 I. I bios HO I 10 0 I 1 22 1 T. T Central 00 C 01 3 1 O U. U on 01 Kin Win Wo 03 03 ow U. U inin n. 11 1 1 13 I. I I. I I. I King 03 15 Utah Con 02 02 on Jeh ln O O U. U Chief 1 1 33 lUll o 05 1 0 0 i. i 1 Bell II Hl I Ic C. C Con Cou CO C 03 I. I Maw m 07 07 Wilbert 11 1 12 1 S 0 Cn n 1 12 14 1 M. M 1 SAlley 1200 10 13 1350 0 IYer I Cop Cp 05 0 May Da Day 15 16 IG G. G C. C C. C 11 M. M I Flat 01 I 02 0 I YESTERDAYS YESTERDAY'S S 'S SALES SALliS Crown Point 60 j at c. 2 c. c Iron 3 at 1 CO to 0 At st I 1 Lower Mammoth at t ie c. c May OT Day at lt Ohio I York YorI JI Copper or 1000 W nt at nt Dt iC iCI l buyer bUr 60 days dayi O hon 1300 at 4 Union Chief 50 at lt 12 1 c. c OPEN OPE BOARD Iron nio OUO liO at I. I May Mar I Day 1050 1060 1010 nt ot 1 lIe COO at a lEe He 2000 0 nt at It C. 11 Yankee nt at Jk Ile Shares S sold old slue SS 75 TOTALS OTIS Shares Shuc sold S JI O. O l I UNLISTED I STOCKS Sal Sales SaIs on the tie local loel curl curb amounted to tl anI only 1000 10 Pharos of or roles at nt atSO atso SO ZO Closing curb quotations yesterday were aa as al follows I