| Show ITI 0 NAL MINING MININ G AND FINANCIAL NEWS TIC MINE PROGRESS PAST WEEK YEEK IV SHOWING CONDITIONS AT IRON IROM BlOSSOM BUSSOM DRAGON COlORADO AND MANY OTHERS I made has ha been nt at ft fl number ot P put the even mine where Tintic boUL 1 hi valued Rt at Rel- Rel or ore rot plot to some ome ot Of the activities the th Eu- Eu El- El the that during week there EY has ben been some ome activity stock which I Is no ri n Blossom Blosom tr U ot th ti natural r JenI Jen- Jen th t condition of ot the mine as asb I develop develop- b ve beer been no flO new ore 7 Is looking as ns asI Ja Iron of of- of rf according to local ever er I I- Ies who wio also abo state t of of oC the mine 1 excellent grade of ot ore Is 11 be- be clan an It is n not t known just hipped of ot I money mone the tho mine is lI lII s sS S proWs profits arc are II but the I r. r Leasing operations II on various arlous levels le of ot the jand W No 3 workings and at nt the lane blocks of ot leased these tnt it time thee employment for forIt fori furnishing nd ad are ty The Tho company's min mm- It i men I. I being done don principally on the 1200 levels of ot tho thos thoS' and 1000 1100 level s S' S workings working and on the correl corre- corre I the No 1 section levels of ot l ld leel of oC good I ore Copper he mine min A Ii ln f from both shafts I. I p I v th past few fow months the thee theS advanced ad J for Iron ore oro has hns been S e and nd at this time the Dragon be- be Mining dining Ining company compan Is paid Bild I US 28 P per r t ton n. n f f f. 0 o. o b bl b. cars at nt carries 47 tor for ore oro which caries r f Cit City cent For each per cent above o 47 4 S cent II Is a premium of oC 10 cents and ond a n alty Hy of the same amount for each cach Li tle 47 per cent while a ron ron roe I. I deducted for ench each point of or ofa Tho The Dragon ore is of ot excel excel- a a. a grade ade however and never runs h higher than 5 per cent silica 11 present output carrying from 64 54 5 S per cent Iron The m market for tor class clua iron ore seems to bo be bet bet- than It St has ha been ben at an any time since but deposits were opened Dugon If he the hc advances nd In price I i much more than offset the tho higher sti Utah smelters arc now ned of oC iron ores ore from flux flux- ax- ax purposes and tho the Dragon com com- ihs Ihas Instructions to ship as ns much I ore as can bo be mined I S r Colorado lorado Consolidated ted V I Ire cures jures re which were at ot a o of the Colorado Con- Con Mining company compan which Is a n of or the Colorado and Beck Beckel Hect l id el lj two of ot the older ohler I prop- prop that tho the tl treasury now in a I splendid sum lum of or mone money ap- ap This amount is be be- Increased from month to month i source of ot t revenue bein being of ot ground which are being cd td under the leasing lelUS system J R I number of leasers have dur- dur he past pat few tew years eif been finding table employment ment In the Colorado Colordo the royalties on ore oro shipped by has had a n f fattening effect on r of ot the tho mine Some rain rain- I h h. h haL f been done on company ac ac- local officials state elate that tot io the work ork aside from tho the tholie lie operations has been the de dement tie tie- meat ment rent of ot new territory Just at time drifting Is In iii progress on ISOO 1800 and 1100 levels In La the Beck cl ci section of ot tho the property These e rare rae being sent out beneath that hOf n ot the mine which produced so grade high ore oro some years CIr ago ngo Knight people have havo always fig fig- hat this ore ought to make to er depth and anI this accounts for tor c campaign of ot work vork which ting dog done several hundred feet r the levels le el from which the tho heavy hen hats were taken and which are aro producing a limited tonna tonnage I jig ig compressor plant at tho the Colo- Colo Consolidated mine which fur fur- air for all al of oC the Knight ht properties properties prop prop- is being brought up to date h by bythe bythe the Installation of ot another large unit uni an Rand Ingersoll-Rand Hand machine with a capacity of ot 1700 cubic feet tet of ot air all per minute This new compressor Is similar sim liar ilar to the one which a few tow years ago Installed BlueBell Blue DIu was at the tho Eagle a aBel Bell Bel mine which is said alI to be about about the tho best of ot machine the type on I mar mar- ket The foundations are aro now being put In place at a the Colorado and the compressor wll will arrive early In tho the coming month Three Throe compressors arenow arenow are aro aronow now in use nt at the tho Colorado plant but with wih the installation of ot the now new unit the tho number will wi be bo reduced to two Standard and Others Other r It Tt I Is 18 ur understood here that the Tintic Tintic Tin Tin- tic tc Standard earnings s are arc coming In more rapidly than needed to take caro of ot the present dividend requirements In fact enough money to moot the tho quarterly dividend has been piled pied up In Ina InI a ft single month but there is a lot of ot I work worle ahead of ot the Tintic Standard people If It they are to properly prospect prospect pros pros- their vast tract of ot mineral land and for that reason a largo large reserve f I I. I I. I n A I Th Th that hUns has 8 seriously I hampered r the h work rk at atthe atthe t 1 the Tintic Standard during the past palt few tew months Is tho the tr transportation of ot the ore between the mine and tho the railroad A property that Is producing tho the amount of ot ore that this mine isnow la is now taking out ought to have h railroad facilities and under normal conditions a ft 1 branch line would undoubtedly havo have been ben built buit Into Inlo the tho eastern end of ot tho the Tintic district It I Is different how however how ever or during wartimes and the Tintic Standard cnn can harel hardly expect relief until I things are arc more settled and it I Is easier to bring tho the construction of ot short roads to producing producinG mines A new recently water supply was for the Tintic Standard Mining company com corn pany party a pumping plant being installed at a spring located about a n mile mie from the tho mine At the tho present time this ne new source Is giving the tho company compan GOOD to gallons of ot water each day dar and anti t this added to tho the supply which Is la I coming fro mUte Hannibal spring near the tho EUr Eureka la Bullion Dumon Is ample for forthe forthe Ithe the mines mine's needs The Tintic Standard also owns on tho the Jamison springs which can Cn be depended upon for tor a flow tow of ot water ater but these thee are aro loc located ted some distance distance distance dis dis- tance from the mine anti and have never ne er been equipped with wih either a 1 pump or pipe line lino lne 1 Manager P. P J J. Fennell Fennel says sas that I sinking n Is once more In progress In Inthe the tho from the BOO level le el of ot the tho Zuma property In the tho eastern end of ot I the district The recent recent changes in inthe inthe the tho machinery will wil enable the compan company com corn pany pan to proceed more more- rapidly with de tie tie- The Tho Is down a distance distance dis dis- tance tanco of ot feet and the ore showIng show- show In lag Ing at that point Justifies the belief belet that greater depth Is all al that Is needed needed need need- Into line lino as asa asa asa ed to bring the property a a regular shipper In sinking this one ono shipment shipment of ot or ore was taken out out At tho the Umpire Mines property the tho drift on the 1800 ISOO level which cut the thene new ne' ore ora bol body has now been sent some distance be beyond ond what hat appears to havo ha been the main portion of ot the ore extended for twenty five or thirty feet teet Th The Tho drift Is still sun following an excellent lend lead and will wi doubtless be bo i allowed t to keep Its Is course l hut but ut It It Is the Intention of the management to also take up work at tho the point where tho the ore bod body appears to be bo strongest Tho The now new ore oro Is lE o of good grade carryIng carryIng carry carry- Ing sufficient gold silver sl or and anti copper to make It a n commercial product and work which has already been done Indicates that tho the deposit has great greal possibilities SHORT COVERING BOOSTS STOCKS Considerable Activity Manifest Man I an irest in Vl Wall al Street Due De Deto War to Dispatches New e York Aug 31 Contrary U. Contrary to e expectations ex cx- based on the Impending holiday holiday hol hole iday today's short short session of ot the stock market developed eloped ele considerable activity and strength after ater its Is lethargic open open- In Ing There appeared to be considerable short covering on the tho favorable war dispatches and additional good statements state ments of ot railway earnings the tho latter bUer group taking a commanding position Investment In rose all al the way from liberal fractions to a point but the tho strongest feature was Southern nai Railway way In which further ac accumulation accumulation ac- ac of a a- a a bullish character seemed to be progressing progressinG United States Steel was hesitant at the outset but got into Its Ia stride later rising to 1111 a net nel gain of ot 11 H 1 points Allowing for forthe forthe the tho recent regular and extra otra dividends dl of ot 4 per cent steel approximated its maximum of ot the tho year ear Specialties Speciale and related stocks of ot pool poolo o origin were less les In evidence tobaccos oils ois and nd minor equipments lacking definite def det- I mite trend but hardening In the tho later trading the active list closing at or orI I nearest highest levels le Sales amounted to shares Aside iside from another marked contraction tion ton of ot actu actual l loans the tho third successive successive sive reduction tho the weekly bank statement state state- ment meat disclosed no unusual shifting ot of mone money In connection with September Int Interest rest and d dividend payments There was an extensive inquiry for tor bonds mainly tho tile International group I which again reflected tho the strength of ot foreign n exchange Total sales par I I value aggregated Old United United United Unit Unit- ed States bonds were unaltered on call cl for tor the week Pronounced Increase of ot activity ac accompanied nc- nc companied In tho the main by rising quotations quota quota- Quota Quota- lions tons characterized the tho Oe week In tIle the se securities see se- market market Deal Dealers rs In all al high grade Issues reported a decided accession accession sion of ot demand demond from investors The advance It I was general generally believed believed be be- Ic cd would have h e attained very ery substantial substantial sub sub- dimensions but for tor the further earnest admonitions issued by those In control of the mone money market at t 4 41 H per por perCent percent I. I cent but call caU loans held at C G per cent time funds almost ceased to bo be quoted One of ot the mo most t Impressive developments developments develop develop- ments of ot tho the week sharing sharing Importance with the stirring war news wa was the re remarkablE remarkable re- re financial showing allowing of ot man many leading railway systems for tor July A Another n i t h e r I Interesting n t crest I n g development which measured the progress of military mili ml- ml tary events along the western front was the strength of ot exchange to all al thi the allied countries notably France There was an insistent Inquiry for tor bills bil on Paris the rate mounting to the highest figure In over three years e rB The nO new political attitude of ot neutral European countries was was the subject of ot optimistic des cles comment in international banking banking V cir V NE OUK STOCK LIST II I. I I JV j. J American lt Sugar ugar iO American l Cnn Ceo 00 47 47 H 47 fO 4 4 American 1 Car Ca Foundry 1 I 1 Aint rIan n I l cou QI Am 7 Am American rl n Sugar Refining 1200 lm in 10 llO nOi 11 American T Tel k Tel Tel 1 1 7 1 Zinc Lead Ld an nail ami S American 71 Zinc ne Lead and end S Si 81 V. V m 11 A Anaconda Copper COVI r 0 I MK I 63 CS 9 6 6 SWat 16 6 4 All Al Gulf Gult k V I SS In Lines Baltimore t A. A Obio 2501 t Lt tic G Butte t A Superior Copper r. r 1 11 California Petroleum Cr 1 I 19 1 4 1634 I l Central Le thir 0 00 0 iO 70 70 iO 0 Cle a cako Ohio I 1 0 oo r M SI n Chicago o Mil Ii A SI St Paul tl 51 I 51 1 I 9 I Sl 1 orth 1 I. I 1 4 1 50 R. R I. I V k Pee Par 1100 G rt 5 26 Chino Chine Copper n I I I.- I. I 3 34 Colorado Fuel 1141 Iron Irea ICO 47 CH m 44 Vi 47 Corn m Products 43 U 43 1 70 Crucible Steel 01 II 61 Cut Cane Cino Su Sugar sr ar 1 n 31 31 Securities 59 9 SSI tS tS Erie Frie 1800 15 lS i lS 15 15 General Electric General Motors Great Nr ru pfd I s sj 62 Do Or Oro 0 3 32 32 3 32 D. D Central 1 J 66 6 Inspiration Copper P G 1 31 13 a let Int Int v M-v I r. r Marino Marine aln l pfd rd Nickel 29 21 B m. m H 29 International Ia Pap r 40 OI 33 IS 25 M. 3 Ka Kansas Kana u City Southern l 19 18 oa Copper I. I 1 33 3 U 6 i 1116 IlS Maxwell Motor J otO 1 lG I Mexican Petroleum 1 1 1111 Miami Copper I 1 pcr c Pacific I I 24 m. m 21 1 H Montana i t n-t l Po Power 60 I. I i N 1111 ada Copper I 1 20 i New cw York Central 73 3 I 74 X NV Y V. N. N II n A 6 Hartford 41 H 44 I H 44 Norfolk X Western Northern orl Pacific t 6 00 I f-I 91 I 1 90 Pacific Mall Mail 11 1 1 31 1 32 m ij 1 Z 12 i I U I 43 44 Ra Ray Consolidated Copper 3 CO 24 41 H 24 2 Reading Rudin fa 16 91 81 I 90 1 90 Rep Iron A t Steel ld 1401 l 9 92 Si j lep h. h Copper I I 1 I IS Hi Southern r Pacific r I 1 rl Railway hallway 1500 1 tS 26 61 Corporation I I n Texts Texas Co C. C Union I P. P S. S lad Ind Al Alcohol hol j 11 1 United tt Sto Stool tel 1 11 wn 10 ilU Do preferred riaU Copper 1 1 81 83 pfd pM D Il 1 I. I 24 2414 H Western Union I 1 UI 2501 r 13 41 U 45 I 4 lm n. n 2 2000 l c I KI 84 65 Total sales In for the lay ty 10 nw OI DOD BOND LIST U. U s. s 1 a r reg r. r 9 I-I I t H. H 4 87 do 0 13 ret rd U. U S. S 31 rt cc I 4 77 do coupon rS I Tnt n I. I M. M r 36 r 64 9 93 1 1 S. S Lib 3 1016 u City South U. U S. S 4 h 1 zi em er ref t. r CI t 73 10 Sub 10 1 Am r Per For tree Ic 5 11 ti 11 ille in IJ Is 41 n 63 Am T. T A I T. T oIL elL 5 t I ln K T. T lit 1st Trench Anglo C G. G M I Is 45 K 61 Cl Armour Jt k Co 41 fi 62 Mo o. o Pae a ii h. h r M 55 Iv Ihl fn sen n. n 4 4 41 Jl n I Mont 10 Power 1 H C Si I. I 11 n Hilt l. l fc O. O CT ci 42 77 N Y 1 Cent nt deb tb 6 94 4 nth fieth S S. S ref rd 6 5 S rn 1 Pc 4 82 siU Central C I o 3 55 9 1 Pee Ss M 55 8 Central 11 let lut 0 S. S L. L L r cf r. t 4 h. h 81 8 Cheim O. O CT cy I s H Pc a T. T 1 A. A t T. T Is 57 4 C U. U I. I P l Q jr Jt 4 tr 34 4 I I Penn nn Con cnn n. n 44 r. r 96 SI C. C M. M 1 St Sli P. P e CT es Perm Penn pen en 4 44 56 6 4 77 77 lor Ken 41 11 82 C. C n. n 1 I. k Cac Lac IC St St. Si k ui 8 n Hy ret ref 4 4 G I oJ elJ Os ts Cs 03 Colo CoIn k Southern I S. S or er t. t t En 1 91 e ret ref 4 4 41 1 i I fly Ry OJ 85 ls sn P. P A 6 11 n. 0 O. J ret ref 5 s U 84 IT T. T A 1 lit 1st SI St D Dominion of ut Canada Can Union Pacific 4 Ii 4 67 I ada da S S. S tT t. 1 ft Si 81 S 1 Erie rca pen tn 4 h ej 53 i U. U S. S Steel Sti 5 G lt 9 96 U lt General Generel I e. e Is 6 j. j sl 91 11 W it lit V V 1 I Till IIII 11 CI Wheres her s 's tho tile pretty young oung act we met last year sh R starring Blurring And what became of tho the young youn fellow tellow tel fel low loW who was so much In love lovu with wih h nor her a r lies mooning seYou i I You YO must bo ho patient and bear benr all ni these pin pricks of oC married life But great Scott man my wife uses use h hatpin a a v c v 0 cI L 0 I Live Stock Quotations I su SAI r LIVE STOCK North Nth Salt Bait Salt L Lake kc Au Adf 31 Ca Cattie Cattle Receipts I II 25 23 Choice tt rl 11 8 d t steer n. n fair tir steers steer i choice cows and |
