OCR Text |
Show THE IIEHALD-KEPUBLTCA- SALT LAKE CITY, UTAH, SUNDAY, JANUARY 16, 191C X, MINING INDUSTRY AND STOCK MARKET ADVANCE TOGETHER BOSTON COMPANY IN 1315 EXPENDED 573,000 SEARCH H MELD ON OLD UTAH FILED PROPERTIES P Develop-rien- ', meet-tn- g rh't - : i - - l.-- - ; irT tcrt e. M The I'firopinv t f r the the old .. n ' tor. .. i t ! I is nr. n: opr-nti- In -tr i- Big The ('$ levied itwtsii(nt No. t. raltln for the r;ij'mT.l rnts ix hare. Tre dltnt'nrnt i t? i ST. ruarv naff Marfli !. M.i:4-t- i r l.:ar. nkruar sntd rjder.fay that tn report for 1 t : r3. ',-- hv.. Th total '"'f' rii m r: v is jsl'ireJ ut tit tl'.totaltng On fh- - !7v lr the ore t : ::.rr brokThlt en will ';n;.i.' a.iout M n ,v to r h.Jpme n t ...m'r.'i ;! U Js the ex a !iv. ptat t '.:f .:o'!'i? v. th!.i tIne the next t hree r ho Id or o hn I " , r. wiCi the ' rt. ir-.- i . ." , -- !! -- 1 . Mt .! ;.. K ! I i t i . 1 . n Th- 1 - e l".inn'"i the re port- f h jt f'-e- t Mr. sit l ritl'-iv-af.'.- rr..:ut to tiie ronta:t m.'.kirir r" f frt'M th ficfit'.' m Vlo.'k i.irre r- A i.r,h't If; ! hi If t h v. . t -- .a ! i r !"-,ve- l- - a f ! tr-vj)- , fil' - i I v. 5 l It', o"" i'Odv ! i a t. the literal! receidion of the Utahns. In a. hort tinve several of thee Investor" IOOK over a iv Hi roRi otit to I. tali to Ion Hkrtv nrn?otlt which i' urn Mr. Htenhoue lum put before them. ftnent three week In Afr hnvint where he met many men front 'hic.ixo. N'ew York. Hofton and other eastern flrianel.il renferw. Mr. Stenhoujte money unualitledlv that in now not only readv hut anxious to Utah nnd Into mine meritorious ret oti.er lines of Industry. He says, however, that Oiic.atro capital In particular t more earful thnn ten years airo. It pNoiv a hlch depree of Intelligent Investli.ttriniinatlon in Its latter-d.i- v ments. And this, he declares, is heartily welcomed i,v tht I'tahInman withthea which worth while proposition inve-twill he (riven n fair run for his morev. ThM Is nil he asks, Mr. imd no trouble nhoti'f f.ivs that In exurlniT for the carrylnsr on of de- cents a share. work in the velopment trrl- - the amount of canltal he r' re ea.-te- rn or l- - -- Morjran-Cres-ror- - i" I : tr; rf.-- f , f-- f - r. av yes-terd- a block of ground. YIELDING RICHER ORES; FUTURE WORKING PLAN now entering upon the most Interest-ir.i- r t'Oirtt of developments ever carried n bv the rompanv, This is a, contact between the limestone nnd n porphyryd have like. llecent exploration .Stockholders of the Alta Tunnel & work th ir.ana eernent irthat the limeFOR YANKEE ORE PILE will continue in the Transportation company were In restone and not enter the hard uuartzlte.e ceipt yesterday of the following letter The khittered oondltton of the nuartz-It-an i"from General Manager V. V. Bodflsh: block in of crourtd proves this t"n-t- e Fam Jtlntnif- overthmst. arxi ttie llrne continues Pr.m tir-,- . no ih of "The board directors has levied an a ram- alontr (hn tremi o? the tunnel. romw:io'l 1 cent a share on the fnmr c f fiffi.-lai- t assessment of At once. Mr. tenhone ordered on n work in an I i!nlnpmni doir.l shift at tho t?res"ent enfl ac-he outstanding capital stock, which action yf-tir.tarlr sround. tf the beard, after careful consideration, tr.K of itf r.;lntrn that ther wa a will tu--l h the work. Considerable in the Hardscrabhie deebled a continuation tivity harw- - 'f exjierted to be desirable and necessary. -in in carlv .r print;. .f th"While the has been READY con-vlne- ore-benrin- ttr re.-tio- 1 n the tlm l;pportT. t aro drivlrtr I'nl fxrunr- poop! t cut the TUNGSTEN ORES BEING Irifr w ., ' fir" F iprrtn-tendto Y.ir,kc vria ardJrlrsr-arr,r.tin: . tue howlitc I C f. in hoth pta 0 ion ilv fa .opf to mak. a pr- lthouha tttoI what r.irty SHIPPED TO TINTIC will he found In Ihi The work. of velopmnt wt pteto of th I'ncle iam mine d.!rr porti-.entlrtv In th h if i of laner and ore M.nairr Adktnson states that the mSfin tl Khlpnrr.t cf 1'a'I-filvcomITtah Minerals Conccntratlns: timr-slesr 5,nt out. Is for row the in rairket pany t'olnc"I'"' ore. belnir prepared to accept and It t ?ii I that the earnlne- - of th pay for anv ore carrying 2 "fr cent flclently tur.jrj-teMar lav ronnany are Hi uftion or The company's mill better. that at this place lias treated larrt t di Jurtlfy ofthe3 pre several lots er.t. p?r hare f tungsten and the s.vlncs of values tlur-lrf ill urthcomlmj per ru arfr m mor- than rtlsfactory. It Is now tho year. the Intention of Mr. Adkinson and his rat th at la ?'alr nine Th to buy the. ore on the open nso.'lates a and of carload wek if a .ro nfter putting it through anil market t I t trie taken from ther the mill To rell tr. or wi.l'h the'eoncentrates in the Iad-tlv- r In th ivetero derott w h e ro tl.ey have already eccured fart, is a. contract- of th territory coTrjp.mv J - from I '')' P' r carto rir . prepared to pay exactly v Ui h was theThey arjscale !e jci-itload. The oro snme. of prices ns prevails v Mitchell Kift when first ent untercd differIn the nllowlnsr for of the enceCdorad.. in that prttn leasing in for Settlement tungfreight. a hataken aii'l whh'h May I made following the le ore irarr!ed sten ore will whl'"h irresal.ir lather smpllnic of the oreat the Murray If through an adjoining claim of the) the ftah Harnpllnpr comMinir.K company. i plant ofThe h t r t'.innltl.ii ore nro on pany. tungsten prices arm 'iite well hulltscinsroutexhausted. Twii per cent $22 per ton. epparntlv follows; The as It i far from per c.'nl $..'. per ton. 4 per cent on i a Tier n;ivc pu.ncd May !. cent $!". the Rt v.dn tii aj.1 the m o, are rai.lT!sr ff are well ni th compan? with " e f ji'iCi Is now which vltn the savin t; pleased are at tlwr.s; to thr on the low grade material mad hein o:e. rc rher Is no'v belnit Feeurci from the e of wori e t i'i huh- i'.'a i v.hlth I f M.?v Day. It Is thought the entire . t th- - M...v p xy z round v. h!ch r.ar of tlie May Day's old talllni:r dump tarted lal'i-sr. . e ?s iad the to values mill, containing in m i . nv-v I J or S5 per ton can be amounting handled In f a: tii. or- - iepoit. if It makes th plant and preparations are now vf Ictnc made for the. haullne of this r a " face. e ar th' Cne thlnr which Koes a lonr v.ay or. - are KOing on operxtioninaklnsc the profitable treatM.iv lay nr.il a consld- - towprd at resnsr mmi'i ment noof this ore Ispossible Is the fact ' a " t i t y of .re t r 1' this that a crun!nir necessary and v f :i ar worklnc -!..'o ...who can bo much heavier tonnage Sitll" Of thJ.-- TC mens I. ilvT and from t rent ' n tal'i lead RP' The offlrials of the milling company of srmiti.1 a htcrh frrade hnve (! cr h'.o'-kfor mnts arrangt i just computed taKen. aii 05 naiditlontl come to from prdu:t the water on e the flrft if ljT..es i piro oni an? ville well owned by tho Cennot known ft et r uaryi jiisd romr.mv l .,rpnt Hureka Mining company, and tennial t ik will ? a a th is lifting this itl re fcrcr.co to th renewal of the watT the to pumpingnull plant ion: aiditlonal th will b added, thus Increasing tails th fatality of the plant. Tlntle Mlnlnsr Notes. CLEARING HOUSE HAS A. N. Wallace the Just r v. ;al nesi met work completed on tle prop-t- h v com-Thrt of Sliver iJollar Mining I i embraces elht In the North Tintlc INCREASE 1 las m s whbh rrronnd are u'itra mlmrsr ri?r'f f ri.n at work ou the property for Mr. Wal- l.ice p, driving a drift from 10 i level, t iHMance the of about eighty vesTerar at th feet, and unns.jallv rncouracin con-H- ti tt res cm'Jed lri.!.r Honasscciatton Ci'tV-l;r.s exist that the of proppart over th erty. f r the wok fhi'T .in of ix davs I t year Mammoth people who ere owner of roi j hi Ti.T" hen j j'.!rlr mn the Hoi tn Sunset ground, located on v h.',h is taken hIv the c..nta?t between the lime and the r that the us met f.lr,;oit . f vi '' Id- ' :artslt to the west f the (Irand an the ?ecl illy '!". aral (tpct prcperties. are now 'nr.ral tc- tri-fWom v. i' : cr int in a campalKti of work which fiu'j.ol f c: ,t e to believe will bring have th.ey t I t:e weed's cve- -t ie la eleirinn abort -- on.ere.irons Important w as th of Fred They are vising an Iectrkallychanges. om-prr,v operated Savlrtcs Trut t'tah the ,? . r. x lrlfts from ,. , e e. clrllntr h t f.,r the ha k f ,,f V. .4J rr, ha a depth of a0) widch tunnel, k II of F;' l.ros. n altcr j,r.d vear. feet, and wt.l!- the wa.rk now under t4,e entlns s man - hon-- a in tb nature cf the annual f!c- - way I n'i Tie ta;ar w ceU were assessment th" owners of the st::d th'1 '! i tirc intend to cop.tinve operations. ground f :'."i s ti j; Vink-'- f rr""! At tt, Kt ir-- tl t- -e a! ..-- to n li.-tto- ni T -- ! er ir re-rut- rt l.t-r.- -'s ar .r prnt - nec-tio- 1 tr.-- !:' -- vrf -. .- - pres-Ui- l 1 .. s every-tndi-'-a- 1 f-- I V. t" l ' i ; !- -- h-- 1 ', J a-t- ! the i -- 1 h" i 1 s 1 1 1 . is r S4.000.000 . su-ceed- res-o;.i- ir"u : i 1 . . -- b-r- : i v, t -- . : . r s tn.-;--a.- , e.i - r l . , M-- ;,:! . 1 ,r ; -,t -- I- " : : - : : f.--- . vtfm i" e .;. u .1 - fi. "." ''. 07. ''. ''',". tr. H !nr . I' t ' .. ; :r '.i '." 1 1 -- -- r.-;- . ..iv: Irn mteh"nM. Silver. At I ... rr.,..r. I .- - : ; ..- ROCHESTER MINES AND t v - re- - ! o;' DIRECT PRIVATE WIRES. Stocks. Eor.ds. Cotton, Grain. BADGER BROTHERS EROKERS Phone W. 946-94ICQ Main St. and Mfnihrrs alt I.nke to-7. k Mlnlns Lirbaase. WILL BUY T'lah F!r Clay Vasron Cor.sc'idr.te.l 't,ar 73. CO 20) FtPi blaho 13. 5' -- Z r5.."0 WILL SELL S D-e- ret la I'tsh t. taa-b:0 S National I.T.k... 2;fir..o, . National SMI-- h.o i 1 1 S?'rar Con3olid?.ted W.m'oa 13. Ta .... ?S.) tiuoTHF:it. i:t)(.i:u otttW M.Tla St. 1915 ITS cr firm: - : - - . 1 1 s. ore-beari- ng SEVEN TROUGHS C0.'S LARGE YEARLY OUTPUT half a million dollars was produced during 1015 by the Seven Troughs Coalition Mining company, acofficial recording to the corporation's the Lovelock Iteview-Mineport, fays To Lo exact, the gold and silver output for the twelve months was $4 15.0b 1.37. The feature of this production lies In th fact that It came from 450'.) tons of ore from all parts of the mine. Tho ore averaged about $03 a ton, believed to rank In average with any mine In the world over the same length of time. Almost r. Coalition pnld four quarDuring 1315 and one Christmas dividend of 2J terly cents per share. amounting to total to date making a grand of dividends paid of $216,492.01. The 1PH dividend was J3C.114.56. 1'lne Cnsh Iteserre. the fact that the Coalition has paid out thes. amounts In thirteen months, and spent largo sums In Mtrface Improvements and underground It has close to $100,000 developments. cash reserve at this time. These dividends amounted to 15 per cent on the par value of the stock, but to 50 per cent on ranged from the market value of the stock during that period. During that time Coalition was listed on the New Vork curb, but there was in this security. scarcelywhoanyhold trailing blocks were conThose large tent to rest upon their laurels. They up offerings that apeagerly from snapped those who chote to let go peared their holdings. During the early rirt of 1915 the company maintained a fairly uniform of about $1000 a day. The produetion ore came from the north and south stopes between the 1100 and 1300 levels. BOSTON CURE. Th following quotations are from the Hadger Pros.' private wire service: $180.-S7S.3- 5. De-pl- te 1- -3 .METALliARKETS :.vc r 1 - - - w'i-.e- " I company financed heretofore withotit recourse to the assessment . plan, it. Is. felt . that . . . it niiHiu unwise u ami 10 lis inueoieu-nesthough at present that Is not burdensome, dr to sacrifice any of Its shares at current market quotreasury tations. It has been the policy for some time to conserve the treasury stock for future use In Important ways that the company has in mind. The board is confident, therefore, that the will agree that this asshareholders sessment is altogether preferable to either of the other methods of providfunds. ing necessary "The sum to be derived from the assessment will enable tho management not only to meet some Indebtedness contracted for supplies with which to the work of driving the tunnel carry onthe to push that during winter, hut The more work breast of vigorously. the tunnel is now in 1750 feet and enthat from the Inceptering tion of territory the enterprise has been looked forward to as presenting splendid possibilities. So important are the develof the next 500 feet opments to be that the management expected Is most anxious to push the work, and the assessment insures the driving of the tunnel that distance favorable formations in which through' various fissures are known to exist. In driving the tunnel Its present several promising fissures have length been cut. Hut the company has It best for the present to centerthought Its efforts on tho driving of the main bore ahead rather than develop these fissures itself, but It has leased a block of ground to the Mine Development company, which Is driving on one of the fissures with the most satisfying a bedding having been disclosed results, which Is of excellent grade and promises important developments. "The flow of water being developed by the 'company, which will 'be cne of Its valuable assets. Is steadily Increasing In volume." 1 o-- i j PRODUCTION Since the Inception of operation by r.. company work In tho year te,,"f t?l2. the Rochester Mines company of- total production firlally announces to the last of of up ros ton? n. total of II .15.- or : it. p. vs the lovelock Ilevlew Mir.er. The average value per wet ton for tii is entir ore production is given rt SiJ..;. In dry tons, an .average vain- - of approximately S20 a ton watt Hill. taken from all parts of ItochesterItoch-ster Inepjde.t Mdthtn the lines of the Mlr.es company and the Koehester Weaver, whh-i- i was absorbed by the company last spring. piirent Durinrr ti ts the leasers on the Crown Point perlcxl No. 1 and the Weaver elalms were responsible for by far the part of the tonnatre.' most of greater which was -- hipped to the Western Ore Purchasing company at Hazen and the extraction taking place during 1913. 13U and the first half of 1?13. In of last year the company's new Aprilwent Into s:uil and about the of Ai'Sstoperation mot of the ieasf.rs first out. Since were bought time the has mined iizzthat company tons on its own a'cour'l. amounting to 10I117OV. besides carrying on a large amount of chief cf which was development ofwor!:. the Fricdrr in tunnel, a the driving hiii-bore- 1."')) feet in ientrth which !.;:! ci! the veins of ICochcsUr hill at a ierth of 100 feet. -- Iiri-cmuc- lli. r. o a-t- ual Ask. .55 .50 1.125 1.57 1.62J 1.S7J 1.50 .80 .78 6.07 6.12J 27 $! oj s!5o Mid. Post on F.ly Chief Consolidated Kagle & Pdue Hell Mason ...... Nevada Valley Douglas Verde South Utah Pdnehau. Mines ..; I BOSTON COPPER RANCrE. The following are from the Hadger Pros. quotations private wire service: .V Su.r llutte Hutte Last N. Hutte .. U. S. Smelt. Pfd I'tah Con. .. . Ltah Apex Metnli 'th High. I Low. Close. j 700 77.00 76.5 177.00 Son 15.25 15.00 15.25 140 2'J.50 29 . 37 :2!) . 50 3,300 58.50 58.25 58.25 200 r.0. 12 50.00 50.121 40$ 12.75"12.50 12.50 3.45 3.45 U'yj 3.45 ;i.5o 9.4 0.45 FOR BIG WORK IN ON 'CHANG E INCREASED DURING WEEK $22,000 the Business on the local exchange an inweek ending yesterday showed crease of $22,000, or about 20 per cent was over the normal week before It with a week of wide, broad market features, although little attempt at for there was an occasional aspirantwere Two issues feature position. week, the Croff yeslisted during the Earl-Eagday terday and Ittheis understood the the that previous. Issues Paloma and possibly other curb All through will directly be listed. issues the week the producer Blossom Iron the held splendidly, points. The two Silver moving up 10 South Hecla and Cardiff Prince, Kings, held their own with no apparent effort. Sales totaled 69,700 shares4 valued atyesterday $11,354.75; for the week, shares valued at $129,384.50. The official closing quotations were as le 733,-45- Bid. Alta Consolidated. Alta AlbionTiger .245 .034 .31 .30 .105 !07J Beck Tunnel Bingham Amalgamated . Black Jack Big Cottonwood Bannock Gold Cedar Talisman Columbus Extension .... Crown Point Cardiff Croff Daly e Consolidated .... Dragon E. Crown Point E. Tintic Consolidated ... Eastern Prince Eagle & Blue Bell Emma Copper e Gold Chain Grand Central Gold Circle Iron Blos.iom Ibex Iron King Keystone William King .Tee Bowers Leonora Little B?ll Lower Mammoth Monataire Mammoth May Day Mineral Flat Moscow Miller Hill Nevada Hills Naildriver Ohio Copper . . . Opohongo Plutus Prince Consolidated Reeds Peak Rico Wellington Re.xall South Iron Blossom Seven Troughs Seven Troughs Coalition. Silver King Coalition Silver King Consolidated Sioux Consolidated South Hecla Texan Tar Baby Tintic Central Uncle Sam Utah Consolidated Union Chief Victor Consolidated Wilbert West Toledo Yankee Consolidated .... ' ' !085 .osa .08 '.03 .03 .62 1.00 .04 .04J .0SJ .094 .02 4.'s6" 1. 10 .10 .091 .60 .75 '.80 9.00 .15 .25 .005 .003 .01 .10 .01i .01J 1.70 23 j .245 .20 .19 Earl-Eagl- .10 1.20 .02 .014 .01 .10 .15 1.15 .on .015 During the past few days Michigan-Uta- h .005 Consolidated Mines of Alta has "633 .031 .35 shipped out several carloads of ore .10 .06 above the average. One brought $23.51 .19 nnd another $22.53 a ton, with a total .75 .52 of $1791 for the last car, according to .21 official statements. The 1914 shipments .20J .05 totaled 13.352,861 pounds of ore, or 191 !24 .30 cars, which totaled 5371 tons. The com.23 pany owns about 1000 acres of ground. !io .20 It is opened by the Solitude tunnel, 3750 .20 .10 feet long, which Is connected with the .19 upper City Hocks ground by a raise 312 .02 .025 feet long. The City Rocks adit Is in 2500 feet. The company has 1,500,000 .08 .10 .80 .79 shares of 25 cents par value. It is said .12 of this 642.250 shares .11 were left in the .20 .19 treasury. .08 .07 In a statement Issued last week by .02 .00 President N. W. Halre, and concurred in by Supt. Henry Barney, It is declared .011 .01J .55 that 4000 tens of ore averaging $10 to $25 were shipped since July 1, 1915. The 3.45 3.471 2.25 2:30 average output now is a car a day of $20 grades. The report, in part, Is aj .05 .03 follows: 2.17J 2.25 "One body of manganese ore blocked .24 .26 out contains .07 10,000 tons, which will run .065 better than 40 per cent. The ore mined .04 .045 from the City Rocks, Grizzly, Lavinla .07 .08 and Solitude tunnels carries gold, sil.02 .015 ver, copper, lead, with much Iron and .015 .012 .01 manganese. We are paid for the last 09" two metals by the smelter for flux. De.10 in the past three months .041 .054 velopments in the City Rocks and Grizzly have been .30 .28 almoet phenomenal. A settlement for SALES. SATURDAY'S five cars was as follows: gold, .8 Consolidated, 1000 at 24ic; 1600 ounce; silver, 9.33; copper, 11.82; lead, at Alta 24c. 6.82; a total gross value of $28.79. "One of the peculiar things about Alta Tiger, 1000 at 3c. Michigan-Uta- h Beck Tunnel, 1000 at 85c. is that it has been exCedar Talisman, 1000 at 44e. amined over and over again by expert Croff. 2500 at 10c, 500 at 10, buyer engineers nnd has never been turned down, and its difficulties in the past sixty days. at 15c. have been caused by the Inability of Eastern Prince, 2500 Emma Copper, 1000 at 23c; 500 at the management to properly finance the and when dealing with out- 23ic. treasury, 500 at 19c. side parties they could not agree on terms. It will now be backed by at 35c. 11c. Leonora, 2000 1000 strong at Reeds Peak. financial support, and within a short time should be the principal producer in Tar Baby, 1000 at 68c the Little Cottonwood and Big CottonUncle Sam, 600 at 7c. wood districts." Union Chief, 2000 at l"c. Victor Consolidated. 1000 at lc. Yankee,3000500 at 2c.305c; 500 at 30c. at Ibex. TWO FACTIONS AFTER OPEN BOARD. Alta Consolidated, 13.500 at 25c; 1000 at 26c, seller 60 days; 1000 at 255c. Alta Tiger, 1000 at 3c. THE TINTIC CENTRAL 24 Emma Copper, 800 at 24c; 2500 at c. at 35c. 205c. Leonora, 5001000 May Day, 400 at55c. at Mammoth, there has been some activi900 at SOc. Recently Prince Consolidated, 100 at 3.45. ty In stock of the Tintlc Central MinSilver Coalition, King and while the report can1000 at 5c. ing company Toledo. West not bo verified at this time it is underShares sold, 69,700, selling value, stood here that two factions are trying $11,354.75. to get control of the ground, says the totals, 733,454 shares, valued Kureka Reporter. The annual meeting at Week's $129,384.50. Is to be held in the near future and now there is some as to UNLISTED STOCKS. just which faction holds the question control of the Sales on curb yesterday were a little company. than during the other days of The Tintlc Central company owns a lighter week. The following the past section of mineral ground to were the lively promising quotations and sales closing the east of the Iron Blossom property. as reported yesterday: operations have been carried ony Bid. Ask. under the supervision of Thomas and it Is said that this work Is Alta Tunnel .07 .073 20 reaching- a very interesting stage. At Alta Centennial several limes in the past the stock has Heaver Gold .10 .15 been In great demand, finding a ready Bull Valley 14 market at many times Its present price. Cardiff Extension 035 Ore of commercial grade has never been Demijohn Consolidated .04 .044 found In this ground, but surface Indi- Fortuna Ind .07 .10 cations are favorable and geological Michigan-Uta- h 30 9 conditions are also about right. .01 .02 Neva After following a new body of quartz New Quincy .075 .08 on the S0O level by means of a drift Paloma .11 .115 commenced Lico Argentine .02 Superintendent Iloldaway .021 a winze which last night had Santaquin Chief sinking 005 reached a depth of about twenty feet. Santaquln King 005 Officials of the company claim that Sells .46 .47 have the best showing- of quartz Tintic Standard 03 they that .42 .43 they have ever had in the Tintlc Wasatch Mines Central. SALES. Paloma, 4500 at NEVADA STOCKS. 6c. Paloma Extension, 10,500 at 2000 at 30c. The following quotations are from at 47c. the Badger Bros.' private wire service: Sells, 300 400 at Wasatch, 1200 at Walker, Bid. Ask. Demijohn, 2500 at Atlanta .21 .20 ." ' Earl-Eagl- He-cen- e, t I I Hold-awa- - - 11-11- 42-41- c. 6S-70- e. I 5C Jc. Booth .41 .04 Blue Hull t T), L). Combination Fraction .03 Daisy I . I ? 3"? C.oldfield Con Goldfield SImerone .. Jumbo Kxtension .... Lone S-t- .03 1.05 .07 1.30 .03 .17 ar Goldfield Merger Spearhead Silver Pick Vernal .11 05 Yellow Tiger Oro Sandstorm Kewanos Great Bend (Irandma Rochester Con. Va Confidence Hale ei Norcross . Mexican Ophlr Sierra Nevada . . . Belmont Cash Boy Gypsy Queen .... Midway Mon. 1. Extension Montana Mizpah Kxtension McNamara North Star Rcseue. Lula Tonopah Extension Umatilla West End ... Halifax Pitts. Silver Peak . Round Mountain . ' .02 .01 .05 .07 .20 .07 .03 .67 .19 .20 .22 .31 .41 ' 4.50 .04 .02 .06 .30 .21 .03 .16 .08 4.40 ...... o3 !42 .42 .05 08 06 .04 I 03 .24 .32 .42 .05 .03 16 Bid. 08 1.87 2.00 07 1.16 1.25 1.30 3.50 32 21 18 14 Ohio Copper Stewart Tonopah Alta Consolidated Emma Copper Big Cottonwood Wasatch Mines f .20 50 6.75 26 23 03 25 Extension Tonopah End West Utah Securities Utah Sec, notes 4.375 SO 22.00 95.00 I 02 .80 CABINET LEASERS SHIP HIGH-GRADLEAD ORE from Alta that the It is lease on reported the Cabinet claim adjoininga the Emma property has just shipped Estiore. carload of rich mates on the value placed it at $40 to $50 a ton. The Cabinet lease is Eunk-ershabeing Parks. Horace by John operated and AT r. lead-silv- er w Foreman. EAGLE That vast section of mineral ground which lies to the west of the Tintic district, and which embraces the Wrest Tintic and Erickson mining disshould come into its own before tricts, more Almany years come and ago. well the ready the eyes of many of the state known mining operators of have been turned in that direction and a considerable quantity of ore may be of that from the coming close of the pressection before the properties ent year, savs the Eureka Reporter. The West Tintic and the Erickson been mining districts have ishardly ore of comscratched and yet there mercial grade at several of the mines. Just at the O. K. property, in which present Salt Lake capitalists are no interested. Is attracting the heavily amount of attention, and small stock has been soaring upward until mark. This the it has passed now entered the shiphas property and some high grade railping list to the ore is being hauled Faust station being loading road, the on the Salt Lake Route. The switch O. K. property is probably not more than thirty miles from theorerailroad, teams but the route which the are is by Simpson Springs and taking Point Lookout, which means a wagon miles. haul of close to outfits are beingforty used, according to John Aylward. who came in from that section a few days ago. The O. K. property is but a short distance from the claims of B. F. Fleiner of Eureka, the former ground the mounbeing on the west slopetheof other slope. tain and the other ondistrict Another Erickson property on which some work is now being done development and which may be able to ship during the present year is that of the Stauffenberg brothers. Nearer to Tintic is the Scotia mine, and now being worked under a lease combond bv the Chief Consolidated has been unpany of Eureka, Work and der way there for about a year cona half, and during that time a ore has siderable quantity of lead now been mined. This ore is piled the mine, but preparations are at up now being made for the shipment of of this ore daily. at least a carload Some of this ore has already been and as soon as the marketcan put on the teams be secured the necessary Scotia will be adding its quota to the present heavy shipments from the main property of the Chief Consolidated company. which Alex The Sharp property, on Caldwell has a lease, was a heavy a part of last year shipper during and there is no reason why the mine cannot be depended uponMr.for a large 1916. Caldwell tonnage above the water has been during working level and he is anxious to drive another tunnel, draining the mine and it possible to follow the ore making body a few hundred feet deeper. 50-ce- nt Six-hor- AMER CAN O er se KW OPERATIONS Officials of the Chief Consolidated Mining company have taken the preliminary steps toward the development of the vast section of mineral ground which they have acquired by purchase and by location, in the eastern and northern ends of the district, and the first work be done a short distance from will the Homansville pumping station, says the Eureka Reporter. Among the properties which the Chief Consolidated have taken over are the R. G. people w. and the Homansville, as well as a large number of claims owned by Individuals. On the Homansville company's ground there is a large deposit of manganese and it is understood that this large vein will be given immediate attention as there is a possibility of there being a market for manganese. That the Chief people Intend to g'o aboutConsolidated the development of this ground on a large scale eviis denced by the fact that material has been secured for already which will be erected a few buildings hundred feet below Homansville. It is their intention to start work within the next day or two on a compressor building, office building, boarding and sleeping-houseand other structures which will be needed in taking care of the force of men which will be used in the campaign of development work to bo undertaken at once. Kacle A Illue Bell. On February , or shortly thereafter, the new electrically operated machinery for the Eaple & Blue Bell Mining company will be ready to go into commission. The job of "hauling the new equipment up the hill to the mine a rather difficult one, the has been fall of snow having complicated heavy matters somewhat, but the last and will be landed n its largest piece foundation within the next day or two. Supt. William Owens says that satisprogress is being made with factory new the installation of this and that the entire propertymachinery is being put in shapetofor more extensive mining be commenced just as operations soon as the hoisting plant, recentlv purchased, Is ready to take care of a larg'er tonnage. For more than a vear the old machinery at the Eagle "has to its capacity. been taxed from the strength disJudging played on the exchange by the stock of this company, conditions in the unare as pleasing derground as ever andworkings the earnings for this year should be the heaviest in the history of the company. Last a large amount of ore was mined,year but during-thof that year lead and partwere silverearly at low ebb and the prices the metal market cut in heavin slump ily on the profits. The officials of the company kept the usual force at work, however, when some of the other producing properties reduced their forces and curtailed their s e lead-silv- er BE LIVELY MINE CAMP FORTUNA HAS BUSY DURING 1916 SEASON American Fork district promises more activity the coming spring and summer than ever before. Large interests have become attracted to the camp and many of the old producers are expected to be put back on the that Jesse list. It is understoodon the Mineral will push work Knight Flat and Mountain Lake. RelativeCiti-to new matters, the American Fork zen says that the Bay State Mining company this week L.letJ. a contract to Jack Crystal and Campbell to extend the Kelley or lower tunnel 100 feet farther into the hill. This tunnel is now in 140 feet and the contract will take the face past the porphyry dike which showed good values in anThe prospecttimony on the surface. of the porphyry dike for antimony ing is but a side issue, as the intercepting of the big ore bearing fissure 150 to 200 feet ahead is the objective point. The contract will take the tunnel's face not far away. The Bay State people struck some of the best ore found In the canyon this summer in a big well defined fissure.n George Tyler and Fon Chip-maManager will continue to prospect this new find while the contractors push the lower tunnel. The Bay State has secured the necessary finances recently to continue work all winter and by to see this spring hopes on the shipping list.promising property The Mary Ellen Mining company held an election this week, when the following new officials were chosen: IL C. Johnson, president and director; T. M. Allen, vice president and direcand Roy C. Boley, tor; W. F. Needham J. Watt Storrs, secretary directors; treasurer and director. The Mary Ellen has a peculiar hisIn the early days many tons of tory. ore" in the form of boulders were the Mary Ellen gulch. shipped from were At first they picked up in the bottom of the creek bed. Later men shipped plowed down the hillside andran that the boulders of lead. high galena These boulders in silver and were part of the debris that covered the solid formation. No one was ever able to locate the vein from wnich the rich float came. But every one conversant with the locality Is firmly convinced that some day a great mine will be opened up in the Mary Ellen gulch. This company owns seven patented claims and several other unpatented. About 500 feet of tunnels have been run on the property, and work will be resumed with the opening of spring. The property adjoins the Belorophan are of the opinion ground and some that what has come to be known as the Cleghorn fissure runs through the The company is property. who will a deal with outside peoplenegotiating a block of 200,000 shares probably take of treasury stock and spend the money in going after the ore body. 0 0T OF ACTVHTS Fortuna, Jan. 15. &The United States Smelting. Refining Mining company has successfully tested its engine and hoisting machinery. The engine is an gasoline and will bo operated in connection with a conframe. From now on gallows tractors who are sinking thetheehaft, Moore, will employ three Lumry & men to sink to the shifts of level and crosscut to the vein, which is the same lode from which the Davis lessees are mining ore every day less than a hundred feet away. The installation of this machinery has aroused more interest around Fortuna than any other event since the smeltingas company here purchased this will constiground, operations tute the first demonstration near Fortuna of ore bodies at a substantial The shaft is now down about depth. 40 feet and has not yet left the vein. In consequence ore of a good quality Is being hoisted, in fact, it is of such a character that visible free gold is in much of it. present As the shaft will leave sinking which will necessitate the vein,continues, back to the vein at th crosscutting level. The ground that this shaft is explorNewton mining is the busiest in the ing district. Within a stone's throw-botways from the smelting company's are hoist three other outfits North and west the Wahlenoperating. lease is by means of a tunnel, operated being which will enter the bonanza vein from the These lessees are in a hundred feet and are due soon to cut the ledge at a depth of approximately 10o feet. South of the hoist is the Davis lease, where E. C. McGarry, Sherman have sent McGarry, Davis and others out two consignments of ore and have over a hundred more tons piled up to be milled at Sheep Rock. South of the Davis lease shaft, less than a hundred feet. Strickland and Burton are on the Gold Queen fraction operating with two shifts a day. The shaft is down 30 feet and will crosscut at the 32-fo- 200-fo- 200-fo- ot ot ot h w-es- t. 60 level. HOPE MINES PUTTING IN MORE MACHINERY George Watson, mine superintendent of the Hope Mines Development company, was in Salt Lake on business This little California gold yesterday. mine recently paid its initial dividend of $5000, or i cent a share. It Is understood that the company is making sufficient profits to make at least this distribution quarterly. A. lot of mawas recently installed and a chinery small mill built. fm. fry f! jW?l DAHO Ask. .12" 2.00 ORE HAS ZINC-LEA-D 2.121 .09 1.25 1.22 John .R. Creist. a miner from Blaine 1.36 county, Idaho, was in Salt Lake yes4.00 terday exhibiting handsome specimens .35 of ore from his Buckhorn group of six .24 claims. The group is located about .20 miles north of Ketchum in the twenty Wood river valley, where there was .16 considerable activity the past sum.31 shows ore .57 mer. The Buckhorn eround lead, zinc and silver values 7.00 carrying with a little gold. .28 Creist says the formation there .26 is Mr. a granite and limestone. A .04 lot mainlv out of eleven tons was shipped .25 controls 16of 22 per cent showed 4.50 which zinc. 22 ounces silver. per cent lead .85 and $1.80 In gold to the ton. Assays 25.00 from higher grade ore gave re96.00 turns the of 44 per cent zinc, 41 ounces lead and $5 in gold silver, 31 per cent owner or this propto the ton. The E .09 TO BEGIN CAMPAIGN; ARE ATTRACTING NOT NEW YORK CURB QUOTATIONS. are from The following the Badger Bros. quotations private wire service: BUCKHORN 1.07i Colorado .09 1.32 Coppermines Davis Daly .04 Fraction .18 Goldfield Con .12 Iron Blossom Jumbo Extension Mason Valley Montana Tonopah .06 .08 Mizpah Extension Nevada Hills .21 North Star .08 .01 .69 .20 1ST TINTIC lead-silv- Ask. .235 .03 Amer. Con. Copper CHIEF CON. IS READY 0. K., SCOTIA, SHARP T RAD NG Daly-Judg- IS MICHIGAN-UTA- H UNCLE SAM HUNTING rently lat1 !,lyonottd.i!e.. ai had shipped 40-to- IN STATEMENT OF ITS r ; day that the company He- ALTA TUNNEL TELLS t?? ahI yno-.vstor- REPORTED ti At MorKno-Creseet- it. r. to the phvulcal corolitlors at !attvo t oil r r i , i ni no '.v M rem property. Mr. he Stenhouse ' . r i . t 'trorri t tn if !.a I'l1-s that tiie new tunnel Is now in r t .i t '; o ?Ii!v,iU; at : a It I" In dolomito llme-Th- -" VltfiO'lt t'.A!' "f.TI I '- v. 3; if!. a I f rf:H inn-- ! t 01 t last IO fpet Is hichlv mlniv riir 'Iltat'ri iirn.'.i! .kho all throntrh th face Is erap.jsed. with values In fo.;i j Somite copper, vrr. lead n.n 1 Kold. Thw work Is Fcll'iAirtr '.'.? i ' ST! 1 "ai-i- t tills wall c liad honed for. ! f thrlr le-cla- NFJH ebies this, the company has a cash and marketed a total of twenty-fou- r of $7354. The stock Is carloads of ore in 1315. In the past working fund There are no debts, no liti- seven months twenty-tw- o assessable. cars were and no bond Issue. The propgationconsists of five patented claims, shipped. erty locate! In the old Ilncoln The re ranged from 29.45 to as high district, twelve miles easterly from Milford. the as 31. SI per cent zinc in carload lots. nearest railroad point, on the Salt The total shipments will approximate ake Route In Heaver county. The claims are the Lucky Hoy. 7000 tons. The cars brought from near Henriette, Laicretla. Croff and Key No. 2. about $1000 up to $1541 each. The net The development work consists of 7."0 feet of shafts and 665 feet of tunsmelter returns of average cars was nels and drift.. At present a force of $20 to $25 a ton, or about $1000 on a n fix men is employed. The equipment car. cars of ore came out of one consists of a machinery house, hunk Eight drills and prlorv hole near the surface. Considhouse, gasoline engine, hoist, compressor. The ore opened consists erable of the ore averaged from $30 and gold. The of stiver, lead, copper $35 a ton. first carload It.is now in transit. The to Air. Burt reports that the values are li. Tanner of is Heaver presidentP. better as the new work reaches getting The Norton, a well known Salt depth. new shaft has been equipand.t;. Lake broker. Is secretary-treasurewith a garollne hoist and a depth ped Lake ore car of The reached tho Salt of about 125 feet has been attained. the week and the pulp market H. S. Woodward was Superintendent was deliveredpast to the local office in Salt Lake and he reyesterday the afternoon. It is said that ceived telegraphic word that a new new Croff mat hinerv just installed at strike been made. The telegram the huckv Hoy shaft cost the company did nothaJ this is supdetails, but give about $20.0')O. The first call of the posed to ba on the 100 level, probHock on the exchange, yesterday re-10 ably where the leasers are working sulted, ir sale.s of 2000 shares at nt m LISTING 1.000.000 shares of stock of which 000 shares are in the treasury. vt--c- r.-r- . ON In a statement submitted at the minPresident John Burt of the Clover when the is- Mining company, which has a bond and yesterday ing exchange sue was listed, the officials of the lease on the Polar Star mine in Ruby Croff Mining company gave out the has- valley below Wells, Nev., said yesterfollowing facts: The company 295.- If anybody doubts the attractiveness rm my nnuual of I.'tah mining and other Investment ! In S.lt I nkf o;i U;r "ri iv and t ti.r"-for.I an. foil twin officials: proroitior.s to the eastern capitalist Pr ;'.lent: ami t ;.f iirc r. I rr 1 If, Vah-- i t:e i.j respectfisJiy referred to CJeortto n. Thomas Aus T. Ftcnhouse. general manager of the t; I:. If. Vi'inikr; tin: (. Mining company, who T:. II. Garff: mine vtperlnteiider.t. r,'.ir, T. W. Morran-Crctrev !'- pre ider. t rererttlv returned from Chlcaco. where Bower. Ther. pre Ji and tr- li '.r-., h r with H S. he attended the annual meeting of the lllrrt in nr.! t:. 1". i i? .cera M. consti:t optimism tute the ttrr"f nriitV.e. !r The on! v chi n:;ts cum; any. He Heencountered Mr?. Stnhou K. and IJ. th.it Wfi' everywhere. i;. suptd n n d inlj J. K r r S. S. were Inci'lentallv dellirhted on finding (r t r r meetliiK was. much to Sfllha ttt takes Mr. K ;irr.fV place In that the annual v turned Into a stir--'- " d rf the held CARS ZINC ORE IN 1915; SHOWN BY STATEMENT N OF INVESTMENT-I- IN E STOCK 24 CLOVER SHIPPED CROFF IS FINANCED, EASTERN CAPITAL IN are the facilities of the Utah State National Bank for the prompt and efficient handling of all business enbanking trusted to its care. We cordially invite your account, subject to check. , erty is interesting Salt Lake capital. MINING NOTES OFFICERS. understood that the Joseph F. Smith, President. It is generally Cardiff will announce its second divi- Heber J. Grant, Vice President. dend the coming week. The first of Rodney T. Badger, Vice President. T. McEwan, Cashier. 25 cents, or $125,000, was paid in OcH. Butler. Assistant Cashier. tober. An equal amount is anticipated. Henry George The ore coming down now is said to amount to 50 to 60 tons a dav. |