Salt Lake Herald-Republican | 1918-02-21 | Industries, Oils and Quotations Leading Daily Mining Page of the West Finance, Grain and Livestock

1 I s ils Leading Daily Page of the West Finance Finan Grain 1 t 7 Jr and Live Stock i Quotations I EW QUINCY ANNUAL l ISSUES 11 I. I FOR LAST YEAR Receipts Receipts Receipts' tal tal ial Physical Conditions Are Arc Arel 4 d Described l ot of the eW c Quincy nl- nl ui- ui receipt or of the thc anI an- an i are In I ual f company report ort for tor ae 1917 which shows total ua the same fcc 31 expenditures J IS indebtedness of or ll- ll and an 35 3 fP i 1 The report leport is II signed b by Secer Thomas H It Is as lot fol- I L I Arthur L I iry r thur ws the thc year cn development de work The report of or k 3 steadily progressed de p I Harrington which is ap- ap of or this report part and made de to hows the anc extent of ot th the e work done toE tojas to E jas as WI s follows the Intermediate level le The drift on the the Te drift which leads to the northwest where It Is ex- ex property of ot our etEd e richest and largest ore oro tEd the dies will be found was driven j the face tace of or this drift a abe From I be L t was made to a height of or 5 75 feet fet feet teet from the bottom of ot the these taut bout 4 H 44 but small vein eln of ot oro was found round lse se a a width from 6 to 18 inches In there appeared alternate bore bove this ore are e b of ot black and white lime lime lime-a a a lay lay- fay fay- ers ible able ible Indication a crosscut was made madeI this vein for tor a a. n distance of ot 18 feet teet B I nd d drifts were run both east and westa west r a 2 distance of about SO 80 feet teet from small quantity of ore was i iken a al len ken fissure between West Vest Raise lIaise No I sad Ind nd West Raise No o. o 3 was developed de tio Jo o. o This work was commenced at nt a alit tint taint 60 feet above e tho intermediate ml rel lit and a drift was wa run to a distance f about ri 50 feet fee During the year ear the Lil abut 1 length of ot drifts and cuts run was wasi va i feet and of oC raises 75 feet a n total f feet Ceet During the year six car car- ids ds of oro ore were taken from the mine Itch bleh yielded after deducting cost cost ot of and smelter and char charges es There is a pUng now oh the a way to the smelter it e returns of or which are not not Included In InIs its Is report report The superintendent reports report that the tho there re tt Te in the fissure between the West rest use e No o. o 2 and the West cst Raise No o. o 3 1 inor JO about BoUt two tuo feet teet wide wile and appears I b be of better beter grade rade and quality than thane le e ore previously pre shipped shipped For the Inform Information of or stockholders I rill lii lor I say fay that development de work has hasten I ten en n mainly done with the purpose of or aching aching- n that portion of r th the corn com I I pru r un UR I 19 sown own as Flat Flat The distance rem om m the end of ot the Intermediate drift the end of our lines on Bonanza Flat about 1500 feet teet but it Is anticipated hat ht at ore will wl be found in less than the sO feet teet distance In this section In which adjoins ours on the tho rth and nd west the Daly Judge corn com u ny hag hs found a very ery large deposit of or orre re of hl high h grade frade and quality This posit Is said uld to be located Yer very nea near o 0 the New ew Quincy lino hino So that we weT wey tay y T krow know the exact situation we are arc ow w making the te necessary arrange arrange- ent to have an official sune survey made madeo o 0 establish our underground underground lines lines' advantage will be bo taken of ot ote Le e discovery of or the tho ore to shape our cork urk so that It can bo ho reached If Ir It all I be sound found to enter our territory tt it Financial 1 lor 4 t RECEIPTS Ite e receipts for Cor the year rear were ro ro roa cash on hand Jan 1 1 1117 IJ s J 1091 rea n sources 1500 cm m assessments 10 Toni om r ore sales sates torn on rom note Tota rt s J DISBURSEMENTS T rh disbursements during during- during the h Y year r were r mine supplies J r mint mine abor labor 94 f r nine rains Interest t r miscellaneous expenses 15 r ore re hauling r f liability Insurance under under un un- un- un der to state law r i national and state taxes 86 I Total Total won bon hand Dec 31 31 1917 36 4 The Te he n note noe e Indebtedness s of the tho com com- 57 T A n jn December 31 31 1917 wa was 6 e upon which there Is now t Interest 4 t DISTRIBUTION OF 01 STOCK U fil es S Issued 10 2 t in treasury Total ohl W k on Report TIe Th te drift on the Intermediate level le II driven to tn the tho the west feet teet most he the we ground penetrated by b this drift Is f Iter very hard brown with 0 o 0 layra Jers aers of or lime for a part parl of ot ott Distance A raise was AVIS started 10 40 0 f t Iback tack ack from Crom the far face nf or this drift lt CI n wa was driven to fal a height of ot j 75 feet teet first 40 feet feel being hard white lime sa small l bed ed of ot fa about about four foul i thick and above that thal a small smal be bed beu tore ore averaging a from Crom 6 to IS inches e k and alternate layers of or black White lime to the top of or the tIme ral raise e. e crosscut W was driven en on the ore bedfor bedi bed- bed firor i for a distance of ot 18 IS feet and ts Vast cast and west ws about 80 SO feet teet from c cn cli some ore was extracted There I a t M some Bore development de work done clone ine U e C between the West est Raise and West cst yes Raise No 3 about 6 60 nl t IC the tho Intermediate level el which wi of f a drift about 50 0 feet teet with rift rift SLoping along alons the root roof of or the tho r F lilt There re was a total o of c 33 f feet feet ct ofis or of f is 11 sad h crosscuts and 7 75 feet feel of rt lt I driven urven r or r the time year ear d Up to 25 t In II New York T Today t York 1 Fei el O.- O. Metai exchange e I les lead firm spot il Irr dull Eat East St. St ery dUl Louis spot de- de t Offered at London London- 0 n I Pot Hie t copper 10 futures dec elec Pot Pol tin tl futures utes a fot 29 Os futures s 29 3 Os Ute 25 10 lOs Ont Hi t. t O. O fAIR FAIR- HOME TRADING EAST IS STill FIRM I Business on the local mining mining exchange ex ex- chan change e yesterday Just about equaled In volume tho the Increased sales Bales of ot Tuesday Tues Tue- da day Still the market market generally was not quite as strong as on that that da day New ew Quincy dropped back to 10 cents from Crom 1 12 cc cents ts on sales of or 3 oa shares I Prince Con too was weaker going 1 from Crom 55 to 53 3 cents on partings s of or GOO shares Tintic Standard Stanard could not reach I above Silver King Con did some trading trading share shares at at and GO 1000 shares I Iron Blossom on sales of oC brought only 51 and 50 rO cents cents Colum- Colum bus Rexall commanded commanded- 96 cents cOlum 1 on shares exchanging hands Alta Ala Tunnel Is beginning to strengthen with no stock toelt coming coining out at advanced ancell al bids Both loth Wilbert llert ami anit West Toledo sold old below 10 cents cent while Utah Michigan turne turned In 2500 OO shares at 15 and below The eastern castern markets continued to display strength This has been heen their position all al tho the week Most of or the tIme bl big brokerage houses seem to cling to the I bullish side Ride of or the sit situation naton advising purchases of or good stocks on e cr every little Se setback I back i Sales yesterday totaled shares valued at The Time official closing quotations and sales were reported a as follows I Bid Bl I Ask Alta AHa Michigan rJ 5 01 05 Antelope Star Star 01 O 02 r Alta AHa Consolidated 20 23 3 v I Alta Aita Tiger OO 0 01 Albion Tiger 03 American Con Copper 1 H 12 Alta AHa Tunnel TAlta T 1 11 1 Alta AHa Germania Germania OO 01 Bullion Y oi Oli I Dole Bole Boley Bullon OO 01 ilig Four our Exploration S US H Bingham l Amalgamated 08 Oil 01 I Big BI Cottonwood Con Oil on I Beaver Copper OO 1 OU Ul I IDa Bay State 00 OO 01 Beaver Lake Metals Big Hill 01 OU 03 Central D Eureka OO 1 01 Cedar Talisman 0 02 Columbus Rexall Rexall 96 97 Colorado Con Mines 03 U 09 Crown Point 0 02 O Ca Cardiff 50 4 00 Cottonwood r l f King Cottonwood Metal 0 0 Daly 00 I Dragon Consolidated 25 5 I Demijohn Consolidated 00 Empire Mines 18 23 II Eastern Prince Prince Ea Eagle le Blue Bell Ben Em Emerald erald 8 Due 18 03 03 I Eureka Mines 10 10 Emma Con 25 25 Earl Eagle O 02 East Crown Point t 01 01 East Tintic Consolidated O 03 Jurel East Bullion 06 Ot told Gold Chain Dulon 03 OS OS Grand Central SS 58 7 75 Great Western M. M Co Ol Great howell 14 ii IIo cl lome Iome nun Run OO 00 01 n fl Iron ron 1 o 0 Indian Queen Queen IO I OO Iron Ton King 1 15 17 Mining 50 00 Ieno M. M 1 M M. 02 O Lehi Lehl Tintic 1 i 03 04 0 Leonora onora 0 Oli 1 Ol oi Mammoth 00 no Miller Hill O OS 05 6 er 1 May Day Da 0 Mason Valley alo roo OU Ot Mineral ln ml Flat 02 OZ 03 Moscow Iosco 03 Major Evans E Con OO 0 02 Utah Michigan Utah an-Utah 14 14 H 1 13 15 New le leQuine Quincy Quine 09 10 er 03 03 Neva e a. OO 0 02 O. O K Sil er Silver 0 03 04 OO Original Bannack 00 0 Old Crater OO Ohio Copper 85 8 90 Park CI City Mines 10 Bristol Jnes Ol 01 5 r 35 35 5 Prince Con 25 3 54 GO 54 01 01 Paloma Ex 01 ll Price Ice Mining I n i n x 02 0 Provo 0 03 03 Rico Ar Argentine 04 04 Reeds Reed's P Peak al on 02 I HI Rico co Wellington ton 17 17 20 21 O Rochester Mines G 53 Sels Sells 10 10 Syndicate OO 00 01 S. S Kin King King Coalition 6 20 Seven Sc en Trou Troughs hs 01 03 S. S T T. Coalition Coalton 10 15 S. S 1 King ln Con 50 O 60 GO Sioux Con 02 05 Swansea S Con 01 01 South Tech k-Tech 73 4 Silver Shield 15 Hi South Hecla Recta Ex 04 Silver Siver Tungsten OO Sec Secret re t N 01 0 1 02 0 South Park 01 07 Tecoma Con 20 Texan 1 12 12 Tar Baby Baby O 0 01 TIntic Central O 03 Tintic Standard lU 1 tc Drain Drin Tunnel 1 50 United TIntic 02 o 03 OJ Uncle Sam 01 Ol Utah Con Ol 02 Union Chief 03 05 Victor Con 05 Victor Mining Co o. o 01 Whirlwind Con O 02 O Wilbert Ibert 09 09 West fol Toledo do o 09 o 09 O n Walker a cr Mining Mining- Yankee Con Or or o Ota ZI nl 0 12 1 12 13 OPENING SALES American Con Copper at 1 Bigg gg Hill Hi 2500 at lie Hc c BI Big Cottonwood 00 at He lIc H at howell Jowel 1500 at lie He Iron Blossom 1000 at al GOc COO at 5 Sic 1 lc c. c I Leonora 2000 at lie He May Da Day 2500 rOO at nt c. c Michigan nn at ot New Kew Quincy GOO at nt lc 00 at ilIc J 00 at at rue lie 1300 1500 at lOic 10 c. c 1000 at lOc lc c Standard at 05 Whirlwind 2000 at West st Tol Toledo do 2000 at DIe CLOSING G SALES Albion 1000 at Sc c American Con Copper at Amal Amalgamated 1000 at al ge Dc Columbus nex ll 00 at Crown Point 1000 at c. c Ct Cottonwood onwood Metals 1000 at Howell Howel 1300 at al 1 c. c Iron Blo Blossom at Sic Mineral Flat Flot 1000 at c. c Michigan Utah 2000 at Hie Prince Con JOO at at nt 00 nt at t Syndicate ate atc 2000 at le c. c c. c Silver r King Con at at 25 2521 at Standard 00 at t 14 Wilbert Wibert OO at ot DIe May Ia Day Da- 2000 at c. c Total sales alc shares sharel valued at MILLER MILER MILLERHILL HILL I MINERAL FLAT FLATWORK FLATWORK FLATWORK WORK ALL A WINTER WINER Both Are Arc Now Nov Raising for Contacts Contact Where Ore Is Anticipated Manager Hugh R R. Trenholm has been down from American Fork for Cor a few days and today will wil return to look after aler work at the tho Miller Ier Hill Hi and Mineral Min Mm- eral Flat There is now twelve feet reet of ot snow at the Mineral Flat lilal and six feet at the Miller Uler Hill Hi The snow slides recent recently took out the theair theair theair air line lino at the Mineral Flat and now hand work Is the best hest thc they can do until spring A raise has been started up at nt ata ata a n point 2700 00 feet teel In from tho the portal It I Is 18 making makinG for tor the contact between the soluble white hite limestone with wih the gray gra lime Tho The raise Is goingS going up at al a favorable fa point In a fissure which should mako ore oro where It I cuts the tIme soluble limestone At the Miller Hill Hl the raise raise raise-In In the southwest Is up feet teet and is now close to the contact This Is between the quartzite and the lime The Tho drift continues alon along the fissure to tho the northwest showing some 11 tion on ton Some work worl is going on at the Whirl Whirl- wind A crew of or men has Just been beem sent up to resume in tho Earl Eagles Eagle's tunnel The Pacific Is working the largest force in time the can canyon on operating its mill mIl and shipping the product product I BAY STATE lOOKS liKE LITTLE MINE INE Bay Ea- State of or American Fork ForI canyon Is probably destined to make a pret pretty fair little mine in Ii the opinion of oC H. H I. I R. R n Trenholm who was over o er looking at the tIme property a n short time aro ago At Al present presenta a is being sent down cown on the ore- ore shoot shoot In a fissure This is at a point about bout 00 feet teet in from th the portal of or the main tunnel tunnel It I I Is going down from the lowest level level At 14 1 feet depth some lea silver lead ore Is showing This fissure cuts the limestone beddings and makes a 1 favorable fa depository depositor for Cor ore The Bay Hay State shipped some ore from this same vein last summer I Uncle Jesse Smiles hen W J Called Caled Names Uncle Jesse Knight also sometimes called caled tho Wizard o of Utah mining has been so 80 cose closely Identified with all al kinds of ot mining and financial In e investments invest invest- t- t ments monts In the state that an any now story ston on him Is of wide Interest Here Is the latest from the Provo Pro Herald Uncle Jesse Iesso Knight Is ln ha having a good deal ot ot 01 quiet enjoyment these das clays over finding out out what Sheriff Henry lenn East thinks s of or bin him so fa far l' l a as at that Is shown by a a recent recent conversation con be between between between be- be tween Uncle Jesse and the shell sheriff ft mir Mr Ir Knight ht says sas that a good good lan many people been leen under the tIme Impression that anything that he lie invested In ested In was wasa wasa I a a safe proposition and have been anxious anxious ious lous to Invest In also and that If Ir tIle they knew what some others think of ot his bu business judgment nt it Il might might make them more careful A few ew da lays days s 's ago Mr 11 Knight ht made an Investment In in II a n certain company Conditions Con on on- on arose which caused the time sheriff to call cal Mr Ir Knight ht over o er the telephone and talk tuU about the d deal al al 1 Mr Knight admitted tho limo Investment and incidentally incidentally taU tally told tol the tho sheriff that the tho company In which he had taken some stock wanted to make him Mr I. I night Knight ht u a di di- di rector Y Yes s that's what the they always tell tel suckers came camo the tIme answer back hac from the tIme sheriff And Undo Uncle J Jesse s se hasn't got Jot over oer laughing laughing- about it yet Yd It looks now however er as If the venture Is as as' as asI sa safe as Mr Ir Knight thought It was when I he took tool the tIme tock stock If I that Is so so the In Int Intended intended In- In t tended 1 effect of or this stor story which was to t teach ach more caution cauton In ill following Uncle Jesses Jesse's le lead d In financial affairs wilt will probably be le lost lost STANDARD Oil 01 SOCI STOCKS The Th following quotations were r jester jester- r. r d lay y o over cr Badger o. ler Br private prim wire ire II Anglo Am ll mi i 12 j lJ lipe 12 1275 O 0 Atlantic t CO o solar 0 Buckeye ye 9 91 0 1 l tSO ill 30 So S. S Ienn un 2 Colonial 10 50 S. S W. W Penn 1 95 t Continental HI I IS' IS l I 0 S. S O. O of Calif 25 23 Cr 10 30 34 mi S. S O. O 0 ot or c md 2 61 60 0 Cumberland nl I 12 S. S O. O or of Ken Kon ISO GO gurka n 0 o. o or of I ly r. r Galena CaIrns 1 11 12 S. S O. O of 40 50 3 co 19 I S. S U O. O or of o x J. J so PIpe 18 IK IS 19 93 S. S S O. O or N. N 1 Iuiana lip Ilp 04 4 4 K 15 S 5 O. O or of Ohio 4 40 4 Not Net t. t Transit 1 I I 14 H Swan