OCR Text |
Show HIE SALT LAKE ; TRIBUNE, WEDNESDAY MORNING, 0 : f OCTOBER 27, 1920, A GASOLINE ALLEYDOC IS A FIRST CLASS TROUBLESHOOTER METALS Intersection of Adit With Buckhom Fissure Is but Thirty Feet From Face. V Vi- Development at the Ophir Silver Mtnee company property near Ophir la nearing an intereetlng stage, according to Guy R. La Coste. president of the company, Another fifty feet of drifting will bring the Buckorn and- - twe other Important and fissurea Despite the Inclement weather which has prevailed daring the past two weeka, progress has been steady. Per- manent Winter quarters have been established and all supplies necessary for maintaining development work this win? ter have been hauled to the mine, according to Mr. La Coste. A storehouse, blacksmith shop, a cook house and a bunk When the house have been erected. weather has been, too Inclement for work In the open, driving of the adit has been .prosecuted. Work is being done at presept near tbe spot where a cloudburst this fall uncovered promising, mineralisation in the Buckhorp fissure. It Is the intention of the oompeny to pwaecute exploration In this section of its 340 acres of holdings before extending other headings toward their objectives. The adit being driven crosscut the for st present, which har 110 feet, will, in mation a distance of another fifty feet, Intersect three Imto be cut at Tha first fissures portant a distance of thirty feet from the face to be the prosaid will be the Buckhom, ductive fissure In Senator W. A. Clark's Ophir Hill Consolidated mine. The other two fissures are most promisingly mineralised upon the surfaife, according to Mr. La Coste.. As toon as the Buckhom fissure Is cut, the drifting to the north and south along One strike of the vein will be begun. hundred feet of drifting to the north will bring the drift at a depth of 55 feet directly underneath the mlnerallxation uncovered by the cloudburst. This mineralisation upon the surface Is situated near the Intersection of the Buckhom vein. From fissure with an fifteen to eighteen feet of highly mineralised limestone containing veins of here by a cloudquarts was uncovered burst. An assay of a quarts boulder commass asposing part of this mineralised gold, 70c; silver, 28 ounces, and sayed. ieat,- Ji ounror. Fxplcrratlon of this the question showing at depth will "settle on the surwhether this mineralization face is the outcropping of a bedded deposit or a wide ore zone in and near the Intersection of the fissures. Drifting along the Buckhom fissure to the south, a distance of 200 feet from the main adit, will open at depth a promising east-wevein developed near the sur-faby an Inclined tunnel. In thisof or l, near the surface, three feet was opened up. Average samples of this ore, according to Mr. La Coate, ran from 53 ounces to 129 ounces of silver and from 2 to 4 per cent copper. This vein, which had to be abandoned In the upper workings because of a raveln, will be opened dip of up at a depth of 1 20 feet on the men Is the vein. One shift of three present. After working In the tunnel at two will shifts the of month, first the bs employed in the driving of this lower heading. highly-mineraliz- east-we- . st st tun-pe- Chief Con. Dividend la Commented Upon their regular dividends, having made four disbursements during the present year. Besides maintaining the regular dividends the Chief has spent an Immense sum In Improvements and development work. Sinking the No. I shaft has been carried along without Interruption, the Plutua lias received a great amount ot have been extensive ex attention, there periments In their milling plant, to say program nothing of the big development which has been carried out In the main Chief still the and of the mine, holdings has bean able to maintain Its regular di Idends. Eureka Reporter.. i; tj Tin tic Delaware File s Amendment to Article $ 4 V- f - t i ' The Tlntlc Delaware Mining company of Provo haa filed, with the. county- - dera of Utah county an amendment to Us articles, making the capital stock of tbs corporation assessable. As stated In these columns a week ago an understanding had been arrived at between the directors of tha company and It la their Intention to resume work on their property within the near future, but It le presumed that the company Is without funds with which to start work and the necessary capital must be raised by assessment, hence the amendment to their articles. Th Tlntlc Delaware Mining company owns a group of clalma In the West Tlntlc district and according to prominent mining men who have visited them there Is every reason to believe that the ground 14- - ta-- good- - Security County Manifests Considerable Energy and Improved- Price. Although fewer issues were active on the Salt Lake Stock and Mining exchange yesterday than on the day preceding, as a result of a fair activity on the part of several 'of the higher priced stocks, a better volume of trade was transacted than for several days. Trading In Walker Mlnee, Judge Mining And Tlntlo Standard featured trading of two aeeelone, during which a total of 31.900 share, valued at $8314.25 were eold. Few changee in price were registered. Walker Mines, with 1200 shares sold, showed more activity than It has for sev era! months. Tbe first sales of this stock were made at $3, after which the price advanced to a close of $3.05, at which level the greater part of the trading was done. The trend of Judge Mining wee downward. Thle etock, which hat not been traded upon the local market for eeveral weeka, opened at $3.90.- - With a total of 400 sales mads the pries dropped off to $3 824. One hundred Daly eold at $3.40. Tlntlo Standard, with 400 salea sold around $2.95 and $$.$$U, with the greater part of the telling done at the tatter price. Tjntlc stocks had a quiet day. Iron King sold at 194 cents for 500 shares, Flutus st 30 cents for 100 shares, and Zuma at 9 cents. Among tha Cottonwoods New Quincy, with 7000 shares sold around 44 cents was the most active. Columbua Rexal), with 1600 sales, held at 344 cents, the trading level of the day before. Sells sold at 14 cents for 5000 shares. Quotations follow: Star . . Antelope Alta- - CaaaaUdatad- . Lonaalldated. Bearer Copper Pay BUte Blade Metal Csatial Eureka CHar Talisman . ..... Columbua Beta II Colorado Consolidated Crown Point Cardiff Croff It Inf Cotto&wood Cottonwood Metals Carrie (Mirer Lead Daly Daly Weat Dragon Demijohn Consolidated Emma Silver Empire Mince .7. . ... .22 .00 .18 Kennebec Keno 8.02 .10 .20 .01 .06 .02 .01 .85 e02j .01 . 43 ............. Original Pluto Prince Consolidated ........... Rico Argentine Reed's Peak Htnr Conaolldrted Snath . Standard ...... .28 .29 .......... .... Proto Sella .92! .00( Bannark Palome Ploche Bristol Price Mining . i. f i .06 .05 Ilctla Iron I Jr If S K a ' t i r, com-pan- y, 500-fo- LINSEED. nrtrTH. Oct. 28. Llswd ea trsck and (t arrive. 12.724 - INVESTMENT ! . i i ALT LAKS t 1 tt. Wasatch TT 74 8041 8O4. 94 674' 44 77 41 7641 80 874 n! 74. l, 0 76, 8J 76, 90 54' 92, do Y 4a 201.1 Central Hof coll 1 yr note Kept Rv 5 1942 . .1 ... Norther ' Pac P L 4 1997. 8 L Ref coll 4 1929 1905 Pennsylvania R R gen 4 do con 4 1921 Reading go 4 1997 HIP AID guar fi pot note 1923 Nun F Terminal 4 1900 ft Ref 44 1965 (toothers Pac Southern Par coat 6a 1934 ... do 4 1929 Union Pie L G 4 1947.. do Ref 4a 2008 do eon? 4a 1927 U Ry lav Co tat L Veil tr 8 F Virginia Rv lit Mtg 6 pet 1982, 1st 5 1946 Watrti O DO 1 .85 02 .06 .01 .89 .18 .00 .20 It .06 .08 .01 .99 .06 .01 .01' M.W. New 18c. 200 , YOU want 1t at MBS; at 100 4e.2C. ftooo Sella, at lc. Tiatle Standard, too at 2 03 Ralker. 80 nt M00; 100 nt 83 8 06. Price, 1000 at 7. 02, at 700 t SALES. American Consolidated Copper, 1009 at lotto wood King. 10U0 at e. lhl Tlattrg 1500 at Lfffr. 1000 at 1c. New Quincy, 6600 1900 ot t prince 200 at VOe. loot at Prove, loop at Reed peak. 1000 at le. c. Predicate. 2000 at Tar Baby. 2000 at Tiatle Standard. 806 at iker. 100 at 68.0ft. CLOSING 6c. 4e; 5c; le. le. 1006 of NEW YORK LISTED STOCKS. (As Reported by J. A. Hogl ft Co.) oaocN t coles Tel, Bldg, .. ... ........ Chile Copper Goodrich Rubber Maxwell Motors Pierce Arrow Pressed Steel I nr & Ontario Silver Southern Ry preferred DUG preferred...?? 2t. 4. 822 v. . yy x a '7 No. Wheat 26 Receipt, 1 $2 06; March. 32.07S. Corn No. 8 jcllon, Data No 2 white. 8455 .O'iBM'iC. Bariev 78SIe. Kje No. 2, $1 71,. I lat No. I, $2.7Dj&2 T2S. CHICAGO. PRODUCE. CHICAGO Bet. 26 Bntter. 87fe5liif. higher: . erran-er.r- 8385 caae. girsi s 33er af mart ordinary flrtla, 57Ujii5G, itandnrda. 50 fflUKk: ensea Included. refrlgeraloi atorage lucked flrala. flrata. tilutlhc. general run. Poultry Alice higher: Ionia 23e; apringa. JISc; Inrkeys, 30c. Kgga, unsettled. Keep Ipta r r Ml . , t ' v. M.pkt'r.. a y w to get- - - er coal-en- ough truck-and-tract- ---- securitiesarbnce. rraht, or t - Cumulative Preferred A 2 S.hre of Prir rnceland oiie Share of Common Stock!!.01n Per Block comm nrotiuno MAGNESIA VAN RIPER, DAY & CO Every Building ov aaqoaiT PaImerBond & Mortgage Co. v , Investment Banker .Walker Bank Building Cooper Building, Denver THE GALIGHER-- Tfce , Salt Lake City taf caution fcereln, while art gurtat. i, ebtila,4 hem ihkii w ngerl u Tollable liSia3ra3a3S!Sgg5S?!EBgg!gSgBS5Si!Bi!W MACHINERY COMPANY BELTING 103 W. Second South 8L Salt Uks City, Utah. PHONE WASATCH 684. I DBS. SHORES St SHORES I THE RELIABLE tPEClA LISTS FOR Hose-Pjckinz-La- '1 cia (VERY KINO. FOR EVERY Utt Mountain States Rubber Co. 14 ETATE T. hALT LAKE CITY. MEN AND WOMEN dd$ Many people now Invert In high grade lirted rtocki end hood without captal ihuK duv buy tht oi ft KrtoW Bywintls Bwvtnft flan and pay for than of choir monthly mlsia, ,TWf me tnatne k hhv Main SI. Salt Lake Advle free, m Cell or write. E ,. h l M a he,e art to wartih. hut h tavaruhly yUUe Ubanl bun. M plee e pralk. Ulut eaa be eeciMnplUhMi bv thU plan la Mid fat Nu, PorkiaY Mury. OetUme Atart." 3, Inaoitinf 111 Moik fa. 10 he Mam. Md $10,000. The bookU, toll, vee wh Much, be bomhq the Alri. .t Mahed each vom. vd rite I Mirte idiMM ad each Moah. , e'e l faectoettMe. m mmrn roe e eopfl It, frae. Dope. l. efcU. OjSpeolellete end - Blood Speelel In ell Ceterrhel Oleerdere, Lott Heart, Stomach, Kidney. Rheumetlem Skltf, end all aieeaeee. Hour 10 ta S, T te Si 'sun. 10 to 12. Olaeeeee, i Eneray, tun f Rultad IfT appiee. j . Atk for tho booklet , Wirmer Houses on Loss Coer ' telling you bow easy it i to save some of your valuable coal how the University of Illinois has proved immcnc saving in Its laboratorics-r-hoeasily any one-ca- n how can it more in your house heat you get apply and less in your cellar and many other interesting and valuable facts. A Roof .1 itJLVl -f: the Ford of the farm, cannot be supplied in three years, in spite pOhe preSenLlarge manufac. ' turing facilities of the Midwest Engine Compiany. In the United States alone, each of the 6,500,000 farms needs at least one Utilitor, and so does every florist, gardener, estate-ownand country club. On top of that is a tremendous and interested world market, for the Util' itor has already gone abroad. . Quantity production for the Utilitor and the Midwest engine must be greatly increased without loss of time. We urge investors Jto investigate the attractions of jhe companys new . the utmost heat vahae from" ASBESTOS for ? T't The immediate demand for the Utilitor tractor, 8 EVAPORATED FRUITS. ey, Oft. with 4H3 cf ynt ..i impied nurlh.ro, $2 11,12.14; Ih?cml'H fr. Cz.li: . KE1T Oct 26. Copper, aaaetiled. TORE. Electrolytic, a pet sad fourth quarter nomiIron, nominal; unchanged. nally 14ftlftC. MAfti faturea, Da. firm; opet and near-bftal.tT. Antimony. 86.17. Lead, tteadr. Itne. gnlet; East St Lenta delivery. wet, 7 00ftT.ia. 90 Ta 6d; electrm At Lroden 6pet erpv. 8 12s 6d. Lead. EM fta. lytic, ftps. Tin. I lac. ft 86 Ifta. Sail, 323 IV,VJ .. Island Oil Pierce Oil Be. TORE. 0t. fid.lvaptated froneo. Apricot, dull. Rolalaa, eteafty . FLAX, OATS AND RYE. BIN'S EAPOLI8, Btromherg Tean Copper Virginia Cheat METALS. NEW ejt: American ftteel Foundry California Packing Orro de Pasco Chesapeake ft Ohio TOTALS. G CO. N V The Utilitor Market Pe will gave you one, two, or three tons of to pay for it cot the first year. ASPHALT Qulney. 2000 at Standard, 6000 at Plutua. loo at 80c. North lc 2c 2. NEW Mercantile papT Oct, YQRK, easy. Exchange, Btcrling 1, unchanged. m and. cables, $3.47. Franc De $8.40; mand, 0 34c; cable. 6 36c. Belgian frao , Guilders Demand, 80.60c, cabhs unchanged. Lire Dtmand, 80.70c. 87.3c; cables, 37 5 1.44c. Marks Demand, Gretk 143c; cable. draebraaa, 9.49 per dollar: Balt Lftke. 10 5 Mont re on New York exhangc rrr dollar. Tune loanft, stead; per cent discount. 10 iincbanged. Cali money, steady; high. hw, 9 per cent; nilhig rate, 9 per bid, 9 per rvat; offered at 10 per lcdi hist loan. IQ. er cent. Jt ' pound you burn this winter? , If you operate a hot air furnace you should know what Carey Atbcstair Pipe Cover&g for hot air furnace will do for you. .00 1 Bloaaom Celumbu Daly. 100 nt 82.40. Iron King. 900 at Judge, loo nt MOO; le le. &lc m .01 1.72 1.00 Kiteaalon.,..,.. N Y N 9c Saves that Costly Coal .11 .19 OPENING 6ALE6. Email. 1900 nt 84c. SECURITIES J. A. IIOGLE tU Mels 894; Share enld. M 900. Selling valae, 9814. 2ft. FOREIGN EXCHANGE M 74 92 Hdqumrtet tor the buiSdin g end ineuletin products of BONDS i i Illinois central Itef 4s 1955. . . . do 54 secured 1931 Kansas C S 1st 8 pet 1050. , . . i Louis A Nash unit 4s 1040... 784) 784 844 w Burn. GOVERNMENT t Bid, j 7741 7241 Jan .. Riba . Oct. 77 .. Jan. 7J 26. CHICAGO, Oct, Big upward awing In the CASH QUOTATIONS price of wheat took place today, accompanied 73 by eigns of concerted stoppage of rural' selling Wheat No. 2 hard, 2 15fc2.1S. 84 aud by tacreaaed export demand. The market Corn No. 2 mixed, 84 & 85c; No. yellow, $4 74 closed strong to 10c net higher, with De6$6c. (H cember $2.00 to to 82.00 and March 82.02 Oats No. 2 'white, 54655c: No. 8 white, tom gained to and oat $2.02. 52&53e. 7 to la provisoes the outcome varied 2. 4.72. Rye-- No 82 from 25c decline to a rise of $1.10. Barley 85c4$1.04. 80 Wheat began to ascend in price aa toon as seed $5 00ft 9 30 Timothy 96 the market opened, but it waa not until near Clover eed $12.002.000 37 the end of the day that evidence of unusual Pork nominal. 3 momentum appeared. Then house that have Lard $19.79. 70 beenVcouaptcuou of late on the aeiiing aide Riba ftlft.0O$17.25. 75 rererfet their poult Ion and covered oft a broad 67 cale. Gostp thread meanwhile that country COFFEE FUTURES. offering were being yoafiaed largely to ele71 vator source and that farmer were letting ffo NEW YORK, Oct. 26. The market for cof-fh- e of but comparatively little of their bog. At 74 future waa lower today under realising or 88 . the Mote time estimate of export buaineaa liquidation, part of which took tha form of 81 done today mounted rapidly, totals ranging from elliag m stop orders, which bad been placed 1.250.000 bushels to 2 000.000 buahe). around the ring by recent buyer. First prices 84 Independent strength was given to corn and were 6 to 18 point lower sad early rallies were 77 followed by renewed weakac, with Deqeaabcr oat by announcement of heavy export buying of corn 700 IRK bushel for Belgium, 290 Out) selling off to 7 65 and March to 8 80c, or 41 91 bushel 34 for Germany and five load for Holland. to 48 point net lower. TM wa followed by HZ Higher quotation on hog gave a decided lift slight rallies toward the clone bui ltft sftowrtTToeses to aettrr drttverte &T proviso. of St to 4f polnf fflr the day. No special news feature we mentioned in exBANGS OF THE LEADING FCTCBE8 of the dceiinc, bat It wa aaid that planation Low. Clone. local trader Open. High. were not yet completely confi. . Dec $2 19 ..$2.0U $2.00 $2.00 dent of a sustained improvement in Braall and March . 2.02 1.93 02 2 wa there ...104 resctlonary sentiment around Z Asked AAigi.-q- news at buppllea sufficient for a whole winter of development work are being laid in by the Woodlawn Copper Mining according to W. J. low renew, The last of tha supplies are manager. being hauledvto the mine this week. Excellent condition have been encountered upon tha 150 level of fissure No. 2. For the purpose of exploring further the mineralization followed on the level for a distance of 212 feet along the strike of the fissure, a wlnse has been sunk another fifty feet on the hanging wall of tho vein. The mineralisation ail tha way down was persistant and rtch. It Is said. Now that the desired level bee been reached, crosscutting and drifting on the fissure will be continued. l'61 NEW YORK MONEY. Lard- Co.) lmttilie 4s, v. be Jan. . rv .01 .17 .01 .00 i.iM. .. s... ...... nonth Park Temma Tar Baby Woodlawn Company Lay in Supplies for Winter 1 44 Ref , Pork-- No (fV least to learn that an effort Is being made to finance the property. Eureka Ite porter. J Crest .. . Y. .02 .01 - .00! .10 .09 Predicate Pllrer King Coalition (Hirer King Consolidated Sinai Mine nwaaaen Consolidated CMith Heel Kilver llhlehl Mouth Mouth Pec ret ... .04 ,(H .58 .00 .06 .00 .01 .80 .29 .91 .01 .07 .03 .04 , ACL Oat .10 .02 .03 Standard Ruling of Utilities Commie ion Adversely Affects Tintic Mine Operation. May Dee. May .03 .00 Nalldrlrer North ' .40 Neva T A S F geo 4 1095 do dj 4. 1005 Con. 4 1052 B A O Cold 4s 1048 B A O P L 84 1052 B A O Conv 44 1033 Lest of Georgia Cons 4 1045. do Coil 1029 C A 0 Gen 44 1992 C B A Q 111 Dlv As 1040 C B A y Gen 40 1058 CBAII Joint 4 1021 Ihicago A Great W 4s 1050 i CM A St P 44 2014: do gen 44 1980 do conv 44s 1032 do deb 4 1034 Chicago N W gen 4s 1087 C C C A St L gen 4s 1003 tent Pic 1st 4 1040 Colo A Southern 1st 4s 1929 . . . ltetnirsre A Hudson Kef 4s 1943' Florida A K Const 1st 44 1959 A .. .. 87 .08 Uooorn Uffffer Opohonffo I ring after the advance of over 2c per pound from recent low records. Closing bids; Ore. ber, 7.59c: December, 7.70c: January. 7.U& March, 8 38c; May, 8.66c, July, 0.95c; Beptcnw ber, 9.10c. Spot coffee, quiet; Rio 7s. 9&6c; 8anto Cora-D- ee. .23 .00 .18 t.82 . Uhl Tlntlc Mammoth Miller Mill May Dey Moscow Michigan Utah New Quincy RAILROAD BONDS. A Hogle 6 Reported by J. tA p Alta Tiger Albion Consolidated American Coe Copper 7. Alta Tunnel Addle Bullion Holey . Benton Silver Bl Hill Big (otlonwood load will surely break tha camel's back. Utahs greatest industry l in giave danger and greater protection must lie extended If It is to weath-- r througn. By all means She efforts of tue railroads to increase the freight rate on ore must be defeated. Eureka Reporter. The Dragon Consolidated Mining company will commence shipping iron ore within few days, after having had no market for this ore for several months. During the early part of the week a contract was signed with the United States Smelting company for the shipment of about 100 tons per dsy, this ore If It Bid A.ked. being used for fluxing purposes. were possible for the Dragon people to obtain a market for tli ore they could easily-shtdouble that amount, as the Immense bodies have bnn hardly touched as yet, although the mine hua been shipping iron for the past fifty years. Tha signing of this contract will be good news to the stockholders of the Dragon, because it wilt undoubtedly mean the resumption of dividends, which were discontinued a few months ago, when the contract was canceled by the smeltere. The'- - rfortl) end of the Dragon ptofiei tv is still being worked under lease by the Tlntlc Milling company of Stiver City, and about fifty tons of milling ore is being mined each shift. The ieseees are also shipping a little gold ore direct to the smelter, this product coming from the main tunnel level. Mining operators of the Tlntlc district will be hard hit by the ruling of the utilities commission, but at this time none of the mine managers is prepared to say Just what the increase will amount to, there being a lot of adjustments ss to the scale of rates and meth.02 .08 ods of charging for power whlcn are yet .04 .0t to be worked out. AU agree, however, .00 that the decision of the commission sets 1. 00 the oontracts under tvhictt they ssid .01! .07 have been buying power and opens the .Il2l .04 way for a very targe Increase, which wil) .02 .01 add to the heavy burdens which the In.oom .01 Is now carrying. This means that dustry .07SI .00 It Is going to be Just a little more diffi.00 .01 cult for the mining operators to continue .00 .04 .00 .00 work, and It la barely possible that, some of the mines of tbs state will be forced .07 .01 .BA to dose down as a result of the ruling. .04 .03 The Tintic mines may be fortunate .01 enough to continue operations, but a few .10 more straws added to the already heavy .01 LISTED' STOCKS Eastern Prince Bafte ft Blue Bell Emerald . At a recent meeting of the directors Eureka Mlnee of the Chief Consolidated Mining comEast Crown Point pany a dividend of 19 cents per share Beat Tlntlc Coal was declared on the outstanding capital East Ttatlc Coa stock of the corporation, payable on No- East Antetopt vember 1 to stockholders of record Oc- Eureka LHly r. Eureka Bullion tober 15. The amount of the disbursement Is $58,433.20 and will bring tha Gold Chain Grand Central comthis dividends pal(J by grand total of Great Western pany up to $1,871,517.87. Mine InHamburg In view of the fact that the mining Howell dustry of this stats has been passing Home Run through a most trying period It is gratifyIron BiMMn ing to note that some of the operators Indian Queen are making a little profit and tha Chief Iron Klttf Consolidated company la one of tha very Jadge M 4 B few properties which have maintained Ke alone , 4 I Plum' : KRFEBtX V CO.-- . M,WT BAKXUCi 'll' IJI iVSaUStli, 81 Ctii(, - tL mi issued ron voun information Tbe Investors Pocket Manual ' laauad Booklet Monthly Will tj furni.liod FREE by any hunker of broker. lo any In vealur on eHiIiretton: OR fur 0c rm rent copy will ) rent hy Financial Pra., 11$ Broad St Now Yogk City. e fi4 |