Salt Lake Herald-Republican | 1919-01-10 | Page 14 | Leading Daily Mining Page of the West

I. I D mining Page of West Finance Finane Grain Crain and Quotations Industries Jils Ledding Ddlly ily and Live Stock BIG BEAVER MERGER UNDER CONSIDERATION Utah United To ro Consolidate Beaver Copper and Beaver Metals l I r Plans are aro maturing for tor a 1 large larCe consolidation con con- of or mine mino minI properties In the thc cr Bea Beaver Lake district about a n dozen ozon miles northwest from ir tp- tp p- p proved to at a n special meeting nJ to be he hold held Id later this will take talco In under one head wil the extensive holdings of ot tho the Utah- Utah United Copper Beaver Copper and att Beaver eaver Lake Metals This embraces thirty one claims and fractions representing approximately acres Manager A. A J. J Mc McMullen lulen of or tho the Beaver Lake Metals has Just Issued a a. notice to tho stockholders hol er which n covers er notie the thc situation The Tho following olo In I Is II quoted 1 i. As tho the three companies now not any anyone ono of these companies Is able to produce a a. working capital that will vIll wJ do any real mining develop develop- clop c rn ment eat ment 2 shares of stock enter Into a conservative conser company compan oi ot shares 3 You Yon acquire a mining ninIn property of unquestioned merit on which work ha has b been en prosecuted to depth and lack of or i depth ted ha has been tho the cause of many of or the failures in mining In th this thia district I 4 Your corporate corporale estate will 11 comprise com corn prise thirty one locations your our company com coin pany will have o hn machinery for sale tho the wil proceeds of at which will wil go bO toward the thc development work o. o Corporation and general taxes will be bo eliminated and by working to together together to- to wl gether on a Q property of or proven pro cn merit 1 wo we ma may consistently expect resu results us I The Utah United stock outstanding J shares have ha e cost the 1 er ers er 14 cents a share 3 Tho 11 Beaver Copper Coppel stock shares hares outstanding ha have cost the stockholders 61 cents a share shan I The Tho Beaver cr Bc Lake Lako Metals stock 46 20 heres outstanding bavo baro cost tho thol I stockholders 1 1 cents a 0 0 share haro The Te United owns H 14 full ful claims claimer two wo patented One of or the patented I claims holds holdi a spring or of good water The Tho property hold Is equipped with wih witha a 25 2 I horsepower steam hoisting plant and a I large lane pumping plant to pump tho the water to the tho mine The Thc Beaver Dea cr Copper owns own r four ur claims and nd Is eluh equipped ped with witha wih j a H plant similar to tho Metals Metas plant Tho The Metals owns thirteen locations most of or which are fractions A new company will wIl bo he formed which will wU possibly be bo known as tho Sumpter Mining company with wih a a. 3 capItal capital cap cap- ital Ial o of shares The stockholders stockholder of ot the tho Utah- Utah United and the tho Beaver Copp Copper r wilt will wil take take share re for share as no now held or shares shares and we ce offer ofer to tho Beaver Lake Metals tho opportunity of ot Joining In this consolidation on tho the basis of at giving the Metals stockholders one share Mare for tor two as now h held ld with wih the further provision pro that each stockholder stockholder stock stock- holder will wIl pa pay an assessment of ot one one- fourth cent per share on tho the stock which he retains All Al stockholders consulted have haye agreed to this proposal and they consider It a move In the right direction NE NEW TOnIC CURD cunn CLOSE E. E E F. F hutton Huton Co members of or the tho New ew York stock exchange 25 E. E South Temple street furnish the tho following quotations received over their private wires yesterday afternoon afternoon Aria Ariz rIz Bingham Binghom 5 4 4 5 Arizona Arizona Cornelia Cornela 16 1 Aetna Aetna 7 7 i. Atlas Atas 13 15 Bi Big BigL DF L Ledge 1 i New Butte New Bute York S-D. S L' L Conr Con r Ariz lj li-lj Con Copper Mines 61 6 Canada Canada Car Car 27 33 3 27 Condon COlden 71 7 71 H Clo Calo aho donla donia 31 29 Cal CaI Jerome i. i J i-J 1 Curtis Curts A. A 11 Cre Creason on 5 Chevrolet 15 15 Cities CItes S c 29 29 2929 29 preferred SO Davis DavIt Daly Dah 41 SI Dundee 70 70 Dupont Dupont Du Du- pont vont 2 Ely Eh Con 8 4 4 El Paso Pao 1 16 5 t Emma Emma 6 5 Elk Basin Bain GJ Ci-GJ First National 18 2 Fraction 5 2 Florence 12 G. G P. P Con 24 2 Green Mons 5 7 4 la Grant Motor 4 3 34 3 GG 6 61 Howe Howo Sound 4 4 Heels Hecla Hecla 41 g i-H. i Holly 40 45 preferred 90 0 96 6 6 Houston HUston S1 S. 8 Hercules 20 2041 1 I IIron Iron Blossom 9 7 Int mt Pet Pet I Int mt Motor r 25 36 preferred e 50 60 l r pO rt I T v j t- t 1 T T V r T 1 1 T T. WU J XU ao-XU 41 1 I AU 2 Viet Vict ht 6 S. K- K Ka a 5 5 52 5 16 i 7 Magma Inn 28 25 Magma Chief 1 16 3 16 6 Mines Ines Am Ama Ama 5 3 Marconi I IS Mason Mason Ma Ma- ln- ln son Bon Vale Valley iL McKinley Da 43 46 G 4 Mont Tonopah 12 16 E Ex I- I 7 5 Man Ian Tran 7 9 Mother Lode Lodo 33 34 4 Midwest 11 pre preferred erred 1 16 15 1 7 16 7 Mid Id Ref net Met Ic Pete 2 15 15 16 Nevada NG ada Hills Hi b. b 8 SiK Si- Si K I t. t North Star 8 6 S. G-S. Ohio Copper COPPOla 9 16 11 16 1 Okla Okia Okla Pro Iro 10 Okmulgee 2121 21 21 Pacific Gas 47 preferred ST. SG Ray Kay Ray Hercules 3 31 Red Warrior 1 le 3 16 Stewart Mining Mining- 17 15 Scratch Gr Gravel vel 6 3 6 3 Sub Boat 12 13 Sa- Sa a 7 iH Success 5 7 6 1 Ship 4 Stan Motor 8 89 Tonopah Ext En 11 2 Triangle le 1 l. l-l. Tor Bot Boat 21 15 Tern Ink 31 Si To- To Mining 3 2 U. U S. S Light 12 lZ I. H-I. preferred 3 2 Uni Eastern I 1 16 15 16 4 C 7 16 7 1 Un Oat Verde 34 33 Utah Notes Noto 88 SS- 90 O. O Ba Motors 35 3 35 Uni Zinc la In 1 Verde Comb J 8 West End U. li-U. I. a-I. World orl Film Fim i- i i I. Wright M. M 3 Wayland 33 31 3 Yukon S-l S Merritt 23 24 Poulsen 5 Cl Burns 63 53 Ventura SJ SI Island 71 Ti- 7 1 Keystone 53 I flOSTON OSTO STOCK EXCHANGE CLosi COSE K E. F F. Hutton Co members of the thc 01 New York stock Block exchange 25 E. E Sou South h Templo Temple street furnish the tho following quotations ons received ed over their private re yesterday afternoon Adventure 75 PS Ahmeek 72 71 Al- Al Koman goman oman 30 20 0 Allouez 43 42 Arizona n Commercial 12 2 24 Calumet t Arizona a Cl 62 Calumet Hecla Hecla Centennial 1 13 Co Copper Cop per Range 1 DRI Daly West Wet Wet- 3 24 E. E 3 Butte P. Franklin 4 34 Hancock 31 51 ii 0 e. e Isle lle Roy Ralo ale 25 ii Island Iland Creek 47 47 4 preferred 63 Indiana 60 70 Kc- Kc I 90 9 Luke Lake Copper 4 4 1 U Man Mass loHI I Con Gon 4 U Mayflower 21 at Michigan an I 3 31 3 Mohawk 51 MO Mason Manon on Valley 2211 22 I 21 11 u. u Ne' Ne Now Arcadian 2 1 1 North orth Butte Bute 10 Jot Old Dominion 35 34 Osceola 60 50 51 t. t I 2 15 Pond Creek 13 13 J. J Quincy CO 61 COli Shannon 3 Pl St. St Marys Mary's 41 t 4 Superior Boston Beton 21 2 Superior CopPer Copper Cop Cop- per 6 5 G. 5 South Bouth Lake Lako LnA 11 I South Utah 10 13 Swift Co 1241 Tuolumne I Trinity Triniy 2 22 21 United Shoe ch I 1 H 45 4 6 preferred 6 Utah Ap r I a 3 31 3 1 Utah Metals U-IB U Utah Con S SI United Fruit 1 1621 16 Victoria 12 2 Wolverine 18 25 50 i I nonn ii fa 95 U U. S. S S II n. 45 14 preferred TRADING QUIT QUITON QUIET ON MINE MART MARTI I Narrow Market but Leading Eastern Issues Little Litle S I Stronger the tho local mining exchange ex ex- Trading on change yesterday totaled shares valued at This I Is a little lighter than tho the days day's lS sales Bales have been averaging lately latch The Tho market seems to have o ho quieted down the tho past several days as and Is narrower In yesterdays yesterday's as business the opening session was one ono o of the tho most limited Inmany in inmany inmany many weeks Only half hal a n dozen is issues issues Is- Is sues took part and und that on a small smal scale cale Tho The closing session was more encouraging In iii volume Prince sold old down to toO 40 O cents anti and 11 Columbus as low as 6 cents Emma Emma dropped below 6 cents again Iron King ICIng disposed disposed dis dis- posed of 2000 around 25 cents AHa Alia Con Jumped to 3 35 cents on sales of or shares Alta Tunnel sold Hold shares Just below S 8 cents Lily Liy was wasat wat at nt 2 cents Silver Siver King commanded Albion sold 2000 and New ew Quincy shares The eastern eastorn markets were a little stronger er Advances were made In a number of ot mine Issues The local closing quotations and sales ales were cre officially oUt oUt- ocl- ocl I daIly caly reported as follows I AS s' s J I AHa O Antelope Star 14 Alta j 3 I 15 3 Alta Tiger 01 la Am Con Copper U Alta Tunnel Tunnel 01 07 AILa Ol Oil 02 Bullion AI u 0 n 0 0 U I I 13 Boley 11 lii Ding 04 0 Ua Big o OH 10 BIg Cottonwood OO U Beaver er ElF Copper OO Da Bay S State ta t c Beaver Lake Iet 1 O Cent Cent Eureka 1 Cedar Tal 01 Rexal 28 2 2 Colorado Con Ol o Crown Point O o 01 Cardiff 1 15 5 Croft Croff 01 Qt 01 Cottonwood Eing IU Cot Metals 01 Dal Daly Ira go n 16 Con Ul Empire 3 1 4 49 Eastern Prince y 1 E. E B. B Belt 5 2621 6 Emerald Del 1 Eureka Mines 06 06 01 I Emma Copper O 05 I Earl Eagle 05 O 10 Crown Point 0 02 E. E Tintic Con O IU 10 East Antelope 01 oi I Jureka Jureka Bullion Bullon 14 14 14 Eureka Lilly Lily 22 2 23 Grand Central Howell o 01 Home Run 01 Ol IIron Iron Blossom u Indian Queen OU fO Ol Iron C n ICing gA 25 31 u. n 1 4 l a bUU I 60 Keystone 30 King ICing David 1 05 Lehl Lehi Tintic 02 02 Lonor Leonora Ol 0 02 Miller H 1 e I H Hill HillMay U 2 02 i May Da Day 1 01 ot I Mineral Flat o 03 0 J Moscow 10 Utah Michigan Utah 11 1 New e Qui Quincy n cy 07 07 1 O. O K K Ro Sliver Silver 07 07 17 25 o 4 1 41 i 1 OI ou Orl Original Bannock 0 02 Ohio Copper 50 GO 50 so 50 so Park City Mines Unes 2 25 27 27 7 lab 30 Prince Con 1 39 9 10 Paloma oi 01 02 Price Mining 1 O Provo 05 06 oc Rico Argentine 02 O Reeds Reed's Peak 00 OO 03 oa Wellington ton O 09 Rochester Mines 40 46 0 Sels Sells 1 O 1 Syndicate 01 Silver Siver King Coal Coal Seven Trou Troughs hH 0 03 Seven Soven Trog 10 Silver Siver King ICing Con 00 OO 2071 Oj Sioux Con 04 Swansea Con COl OI 01 o 41 o 12 South Hecla Hecla 40 IGO Silver SI er Shield 1 0 IS ISi s So Hecla Hecl Ext Ext 0 02 02 O So Iron Blossom 01 03 Tecoma 40 Tar Bb Baby 04 01 Central 1 Oi I 04 01 Tintic Standard 4 Ji J. J 5 United 06 OG O OK ot I I Iio Uncle Sam San 00 oot ut Utah Con 01 io 0 02 Union Ch Chief Oil Ul Victor ictor Con 03 0 or os Victor Ictor Mining 16 OG 16 Whirlwind 02 02 Wilbert 1 b e r t 05 1 06 0 G Went Toledo 02 0 O l Walker Mining a 1 j I LOO Woodlawn 1 ye 96 Yankee ee Con 02 Zuma 09 10 OPENING G SALES RALES East Tintic Con 2500 2500 at lOc lOe I Utah Michigan 1000 at ilIc j New Quincy 1000 1000 at at j sIc lc c 1000 at Rico Argentine 2088 at Standard Standard 1000 at nt 45 45 Zuma Zuma 1500 1500 at c 00 at a lOc CLOSING SALES Alta AHa Cons at c 50 EDO 00 at 1000 at at seller seler 60 days a at Tunnel WOO 2000 at at 7 71 c. c BUllion BUlon 1000 at Ic ic at a GOO COO at l Emma mma 2 at Sic 1000 a at He 20 OO LIl at 2 Ilic c. c Howe 2000 at Sc Se Iron TintiC 1000 n 1000 at at c boo 1000 at 2 jc Leonora at 1 Utah Utah Oo at nt lile New ew 1500 1500 at Hc lic Pince Prince Con at at West t Toledo at tc W 2000 llert 2000 2000 at Sc fc Albion lOOI 1000 at 1000 at It ci Gle Gic nt at o at nt c 00 at Shares sold I 1 20 8 selling value ST. OIL On SiO STOCKS New E. E F. F Hutton Huton Co members SOC ot of the York stock exchange 25 j. j i South street tho qu following recaI cd over lr afternoon lH Anglo Am 17 Atlantic 1045 1065 Borne 48 Buck Buck- eye ye 96 93 Chesebrough 00 Colonial Co- Co lonial 40 1010 Continental Cres- Cres cent 39 37 1 Eureka Eu- Eu reka 1 10 O ii Galena 92 7 92 17 ho do pfd 15 10 IllInois PiP 1 17 rl Indiana IndIan Pipe Nat at Transit N. N Y v Transit IGI Northern Pipe 10 Ohio Oil 01 Pr Prairie Prairie 50 Pipe Southern 0 Solar Pipe 18 Oil 01 10 S. S W W. Penn Pips South Penn S. S O. O ot of Cal Pip S 6 8 O. O ot of 68 63 md Ind S. S O. O of ot S. S 0 O. O ot of Ky KJ 75 5 8 O. O ot of Nob eb 8 S. S O. O d N J. J 71 O 8 o. o ot of N. N 40 Y 1 Ot 8 O. O ot of Ohio 47 8 Swan IO Union Tank Vacuum 23 48 8 Washington SS 10 37 33 Penn Mex GS- GS C 2 j N New ew Quincy Strikes Some High Grade According According to authentic reports from Crom Park City New has hns been running into somo some scams of ot vcr very high grade grale ore oreIn orein orein in he the winzo While the tho amount Is said to he le limited yet ct the fact act that Itis it ls is II there Is tho the encouraging feature At Atthe the tho recent annual mooting meeting of at the stockholders stockholders stock stock- holders It was Was officially stated that assays an- an says had been een made mado malo on some somo of oC these plc pieces s which carried more than ounces silver sl er to tho the ton tort Tho ore are In tho the from tho the level wits last reported two and amI a half haIr f cot et wide fh white was wa down thirty feet feel and ond had followed oro ore all al the wa way TINTIC SINKING IS GAS CHECKED Copper Leaf Is Down 1060 Feet With i l Ore Streak Showing O ln Owing to tho strong Inflow of or gas only three e shifts have ha c been ablo able to get In regular work at tho the Copper Leaf Leat M. M I. I M. M I property in North orth Tintic In tho the past palt w week ek according to a f statement state state- tut ment meat mado yesterday b by Manager lala er Meyer Tho The shaft shaH has attained a a. depth ch chor of or 1060 lOCO feet It lt I Is tho the Intention to at once carry earn this down lown to the 1200 level le I Here another station staton will wil be bo cut nut and a thorough crosscutting of or the country taken up At tho the foot 1000 level le a a station Blaton Is now being ein cut and ond soon poon prospecting work will bo be started ii here herl Mr Ir Meyer Icer reports the tho streak of or ore ora I still showing In the tho bottom ottom of of or the tue shaft shat or at tho the 1060 1000 level level The Tho oro ore W was S first rut cut ut at the no level le and has haR continued for feet Th The bottoni o of the shaft is 18 still in the tIme quartzite If I the the lime member tails fails tais to como come In at tho the J 1200 OO an effort efort will wi bo be mado made by lateral work to discover er the tho contact It I is figured i tilt out ut that the tho Sa gas which in stormy storm w weather particularly gives cs trouble Is 19 from tho the oxidization of or the sulphide mineral ral bodies below tho 1000 level hovel le This shaft is about a mile mie due north of ot the new shaft of tho the Tintic Standard and Is declared h by some omo to tobo ho bo proving up a parallel ore zone to the west of or the Standard channel channel I I I I CARD CARDIFF IFF SHIPS DAILY Slippery Roads Still HoMing Holding Back Normal Production Production Production Pro Pro- Owing to the tho fact that the tho bad roa roads s made it Jt impossible to move the ore as fast last as broken tho the Cardiff Mining company compan is hi now working only a a small smal force Manager Inna er Thompson said ald last evening evening- that he has been able ablo to ship shill about thirty tons a a da day with the tho roads in this rather bad condition tho the short ago ngo of ot snow now being the main deterring factor With fh tho the coming of or a storm tho the output can at once bo be e largely In In in- creased Mr tr Thompson talked with Superintendent Superb Superb- Dalley Dailey Wednesday night and amI lie ho reported time the new south ore oro shoot In Infine infine fine shape This has now been heen followed for tor about HO feet feet Six feet of 01 hl high high- h. h Jr grade do If is II still sti sl In tho the face Thu II is to feet to the tho southwest of ot the main ore shoot SilVER WAS POPUlAR AT ATIn MINT lAST YEAR In Tn the fiscal year 1918 for the tire first time lime since tho the enactment of oC the coinage coin coin- age ace laws of or 1573 the United States did not U coin any sold gold