| OCR Text |
Show jr THE SALT LAKE TRIBUNE, FRIDAY MORNING, DECEMBER GASOLINE ALLEY GLAD TIDINGS METALS. Corvr . SITED AT ALTA x 1314914. NWs Ur . Xm4 (Vrv York) Snalter (Em Bl fixer (la Lradoa) 0, 1921. 794. 68 .! Imi.) " NEVER EVN H.SOdSSS I 0oosrep KNOW Lcwe just DEATH Tb I Skeeeix's Coming To 0 Rachel! (MOTHER 12 SPENP QwsmutJ J V W South .Hecla Mines Com pany Resumes Search for Extension of Old Shoot. Important 'work la being carried on steadily In the South Hecla Hines companys property, according to George H. 'Watson, president and manager of the organization. Hits work, which Is new. In that It Is a resumption of a plan of started about a .year development is ago but temporarily suspended, being carried- on In a drift following a east fissure about 2500 north feet from the portal of the Quincy tunnel. The objective of this work Is to open up the Hustler fissure at Its Intersection with a white llmestone-calcareoquartzite contact, explained Ur. Weston yesterday. Because of the facts that the quei tslte footwall should have acted ae an effectual dam to mineralising solutions and that the limestone lying on the Is exceedingly eoluble, the hanging-wal- l contact is considered by Mr. Watson, as , an excellent zone--t o e trior for ore depose its. In this white limestone some extensive carbonate ore bodies, the Kate liayrs, the No. 1 and the No. 2, which were associated with the Wedge fissure system. have- - been- -- discovered In the Couth Hecla property. Moreover, the Bustler fissure near the surface was one of the most richly mineralised veins In the camp of Alta, it Is said. In the upper workings of the old "Rustler mine a large production of bonanza ore was mined In the early days of the camp. California people who owned the Rustler mine drove a crosscut tunnel across the formation to prospect the " Rustler fissure, which parallel the Wedge. At a distance of 1200 feet from the portal,approximately the old .Rustler shoot was struck. This ore body, about 150 feet long and two feet wide, is said to have been rich. Sloping of the mineral exceedingly was carried on up to-- the too feet above surface, approximately the point at which the ore was first exposed. It is said. In drhtng the drift along the Rustler fissure from the Quincy tunnel, excellent mineralization has been exposed, according to Mr. Watson, from time to time. About a year ago several lenses of high-graore were encountered. Mr. Watson is of the opinion that the objective of the present work Is very near the present face of the tunnel. The formation Is favorable to rapid work. Progress Is being made at the rate of approximately four feet daily in two shirts. Bands of ore, says Mr. Watson, are showing in the face of the drift When the calcareous quartzite Is pierced end the limestone entered. It is believed that these bands of mineral will widen out Into sizeable bodies of ore. About four feet of snow has fallen In the Alta district, according to Mr. Watson, who visited the South Hecla the first of the week. The however, are poor, as there Is too roads, much snow for good wagon hauling and to little for sie'ghljig. The South Hecla Mines company has printed a matt of portions of the Big Cottonwood, ihe Little Cottonwood and the Amerk-aFork districts for distribution among Re stockholders and interested in mining In and near persons Alta. ue , . Tintic ' Standard Responds ' to Call; Emma Silver Most Active on Board. Stock activity on the local mining exchange showed slight Increase yesterday. Tintic Standard and Stiver King Coalition responded to call for email sales after a day or more of Inactivity . No price Improvements were developed. Emma Silver, with a total of 19, 400 shares sold, was the most active stook on the board. The report that four feet of ore had been opened up In the Alta property caused the price to Increase from ,tc to Me. Alta Tunnel continued to hold around 15c.' Rig Cottonwood Coalition sold at ttye for MOO shares. Other Alta storks were Inactive. Silver King Coalition, with 100 shares sold at 22 02, and. New Quincy, with 2500 shares dealt In around Hqe, were the most active stocks from Paris City. Three hundred tharee of Stiver King Consolidated were sold at 52c. Small sales were made In (Eureka Bullion at 2c and Sc. Prince held at tc for 2000 eharea and advanced to a close of 0 e on the sale of the last 200 shares. Lehl Tintic sold at Ifco, East Crown Point at 2o and Emerald at la Galena dropped off Activity In to the selling Bingham of 2009 shares at 4c. Quotations follow: ' BOTTOM COPPER CLOSE. (As Reported b 1 J. A. A ce.) Bid A.kl. Hol. swift Adventure Ahaieek Aria (ami .... Bingham Mine Arts 111 AA Hecla ... i Copper Range VAmI .... Daly fcaat Butte ... Dtivis .. Daly iinnenek UlHf! i reek Ue . Royal Lake .... La Salle Lake Copper . . MaaAo alley . kfr Mans Con Mlcb Copper .. Mohawk . .... North Butte .. Nlpiesing . .... North Lake .. New Cornel Qid Dominion , Oaeeoia rm1 Creek ... Shoe Machy , , Shat tuck hup A Boston Sup copper . Trinity Tuolumne ..... Utah Apex . .. 1 tali (on .... I tah Metal .. Kitannon St Mary NEW- - . . MONEY AND EXCHANGE. Dec. 8. Foreign YORK, exchange trong. threat Britain, demand. 4 cable, 4 11. France, demand, 7 73, eablea, 7 75. Ts S' cable. 4 44. 43; 7 cables, 7 47 46; cable 81, 30; 33 91, cables, 83.97. 14 50 24 lO Denmark demand, 18 00 Swltsorland, demand, 19 3 Spain, demand, 14 24 Greece, demand. 4 15 ... Argentina, demand P2.75. demand 12 90. , .. Montreal, 92. Itata receded slightly in the lata dealings. .Great Britain, demand, 4 cable, 4.10. Sixty day bill on banks, 4 06 France, demand, 7 69; cablet. 7 Belgium, demand. 7 cables, 7 41. Greece, demand 4 10. money firmer, 6; low, 5, ruling high, (alt offered at 6, last rate. 5; cloning bid, & loan 6. BraaI, 00; 69. 40; Time loan, steady; aixtv dava. 4 rtava, 4AV l month. 4H9' Crime mercantile paper, 6&5. 95, ninety BUY All IIICOME. of Out of each hundred men age statistics show that At Age of 65 At 'Age of 5 weU off. will he well off. be 1 will 6 will he 65 will be I porting. win he depend-15 will he depend-15t ent. - - ent. , 36 will he dead. 16 will he dead. A study of these figures It convincing that it behooves each of ne to aceumo-lat- e an income. We suggest that the best way to accomplish this is to boy high grade long term bonds on our Partial Payment, Plan. Pull particulars on inquiry. 25-ye- 45r self-gup- -! J. A. Hogle & Co. tECURITIKI INVESTMENT Salt Lake iee luia et. PmzUU OPENIXQ BALES Alta Tnnn.l, 1000 at tOf j S00 al Uy,c. Ola rattmwM Coal . looo at 4,e. Bln ahum Galena. 2000 at 4r. Bell Silver 100 at 63r; 100 at 62 e. teller tea Emma. 000 at Eureka Bullion, 77 at 2r Lehl Ttnttc, IrtOO at Ike. New quince, 1100 at Star; 00 at Be. Prince. 2000 at Sc. Silver Kin, Coal., 100 at 41 OS Tintic Standard, S00 si I1.8H4. UNLISTED STOCKS. Twin Peaka, S000 at H. rtnt M luk aieg. 0to emIm sms . BALES. CLOSING Alta Tnnnel. 1B00 at 10c, Bril Sliver. 500 at Me. Emma. 14,000 at He. Emerakl. 1000 at Beat Cvwwa Point 1000 at 2r North Standard, 2000 at of Examples Operating Which Have Companies Been Suspended, Cited. metal producing companies are finding it still necessary to remain Inactive. The necessity of enacting legislation to relieve the industry is pointed out emphatically in a letter from A C. Ludlum, resident of the Derry Ranch Gold Oredglng company et Leadvllle, Colo, to Dr. H. Foster Bain, director of the United States bureau of mines, Mr. Ludlum writes as follows: It Just occurred to me that the closing down of another gold mine In this country and a brief account of the comoperations might . prove of Inpanys terest to you. I therefore submit the following facts: The Derry Ranch Gold Dredging company completed its dredge at Leadvllle, Colo., and began operating Just five years ago. Our operating costs 1during the cents per f.rst two years were about cublo yard and after that they began to climb. Last year they were 14 cents r cubic yard and this spring when we ound that we did not make any money under present conditions, we closed down the dredge and we expect to sell and dismantle It. That is. unless the McF&dden bill should be passed In the near future, and If this should happen before the dredge Is dismantled we would undoubtedly start up operations Immediately. During the five years existence of the In dredge we have produced over-1750,000 unworked gold. We still have enough round averaging about 13 cents per curie yard that would last for quite a few years, but if the dredge Is dismantled the remaining gold will In all probability not be recovered In our day. as It would not pay to Install another dredge on the balance of the ground remaining un worked. Our experience is only one of many, as rou well know. The French Gold Dredg-n- g company of Breckenridge went into the hands of a receiver this spring This some fifteen company had operated rears and has a gold production of over ill, 250. (KM). The Tonopah Placer company of Breckenridge, Colo., Is operating only one dredge at present. The gold dredging Industry and Its consequent gold production Is Is seriously providendangered unleas some relief ed and the passage of the McFadden bill to relief would seem to provide adequate the gold producer and stimulate the gold production. On the other hand, the return of the Cresaon Oold Mining ft Milling company to the class of dividend pavers by the declaration of a quarterly dividend of t per cent and an extra dividend of 5 per cent, shows that the lowering of the cost of operation hag brightened the outlook for some yellow metal producers. The property, situated In the Cripple Creek district, la said to be producing heavily with the possibility that the regular dividend rate can be maintained for some time henceforward. An Interesting but true story can be told In connection with the Cresaon ConUntil 1914 the solidated Gold mine. acres property, consisting of forty-nln- s on Raven hill. Cripple Creek, was con sidsrsd of little value. However, at that time a sensational discovery was mads In a cave, fourteen hv thlrtv-thre- e by level. The thirty-si- x feet, on the walls of this cave were coated and lined with rich tellurlde of gold. One shipment of ore from this cave alone returned the owners 1458 887. The owners divided 51,200.000 during the first half of 1915 and In July, 191. sold property to the present company for 54 000,000. In February, 1919, the ore reserves of the companv were reported as amount-n- g to 52.657 59. In August tb value 100,000, was estimated to be about-52- . which amount does not Include the rich strike reported on the tenth level estl mated to be sixty. feet by eight and half, assaying 50 per ton. High assays of this ore ran 5300 per ton. Up to September. 1919. the mine had paid totallng 58.815.182. V' dtvl-den- ds Tonopah Divide Shaft Pastes 1 200 Station 2. BAR TKAHCISC0 KIRI NO ST00XI. (A Bepoeted by J. A. Hofle ft C ) , Dec. Tob Car L A P Brlt-Am- n Me Cleveland - Durant Mo Goidwyn Pictures N A Pulp Phil Morris Peerless Perfection T - . com Radio do pfd Sweets Amer Tob Export Tn Prof Hhar Ua Retail Candy 8 Ship Corpn Willy 0 8s pfd Cities Berries com do pfd do bkra Oils Allied Oil Alien OU Atl Pste Iloetou Wyo Boons Otl Carlb 8ya Coeden Dominion OU Elk Basin Federal - .... consumers have demanded that the supply be reserved for domestic use. This fact, together with the development of and Wyolarge supplies In Louisiana Inming, has caused the carbon-blac- k there dustry to move to states wherenatural Is at present little demand for OH Gleoroek Intar Pots .... P dTngtoa Maracaibo Morrlt M - . 0 .. W Roff do Oil com. Northwest se- I lls es Are Varied. . ........ a ..... . .... ... .... ... .... Ryaa On Salt Ch Prod ceous material. For many of Its uses carbon black is superior to lampblack in quality , but for some uses, ae for Bunina Bmelley Oil Bapnlpa Mines Big LedffS Boston Mont Caledonia Cal Jeromo Can Copper Con Copp Cresaon Dundee .... Hecla .... Holltnger . Ilowe Sound Kerr Lake Money on Your Real Estate .. Magma Copper Mother Lode do new do Coal ........ .... ..a .... Mplthtff f. Ray Here To Eatcn La Verde Ext We charge no mmission. co- Your money is immediately available and theres LONDON, Dec. A tape no about 4ed it. If you desire a loan, see ns at once. JEdDSmitKSoh3 ft.ft DM, bvjtmmttstMttrtna UMMtolw&dilM lEl'J CHANDLER CARS at Less Tban. Factory-Cos- tIN FACT, YOUR OWN PRICE AND TERMS All kinds of second-han- d cars at your own terms. down on these. lltou: .y . 60 WEST BROADWAY. LOANS, v . NET 8 . .WYISTMIET SECURITIES A Hogle A Co.) A'fteported . LOCAL ( BNK f Banker Columbia VTe STOCKS Tnut Trust Deseret Naticnal Savin Dewdet Firt National of Ogdea Natl Bank of Republic ... Natl City Bank ... Natl Copper Security Btate Bank .... Utah State National .... A Trust w I tab Walker Bros Bankers ... Mob's Savirga A Trnat . INDt 81 RIAL TO 100.00 288 00 267 00 197 00 913.00 . 243 00 100 00 152.00 115 00 130 00 ... 105.00 93.00 103.00 MKELLAR REAL ESTATE & INV. CO. 285 00 240.00 168 00( 1N7.00 K Asked. Bid. liave a number of choice First Mortgages, on which we can net you 8 per cent inWe guarantee printerest. You hold cipal and interest. the security, we do the work. Bid, JAaked. 9130.00 $160 00 410 Easily Handled Coal? Utah-Idah- o 7 Per Cent Gold Bonds, Due 1930 8ubjeet to prior $5000 do do 8t 4s do NEW S3 97 97 97 97 97 97 99 99 . , EVAPORATED Dec. A YORK. Co. 7 denominations. 4 4tr 4 ! le, we offer UthIdaho Sugar per cent bonds, duo B30, at 90 and interest, yield to maturity about 8 per cent. Wo can furnish a few of these bond in $500 Trading Department RONDS. Bogie A Cb Bid. Aked. 0$...,,. SOI 12 49 201. 64 50 94 94 ...... FRUIT. Evaporated apple, firm; prune, pMrbra, ttria; rsl.lns study. PALMER Co Bond .Mortgage 411-41- 6 . enough not to crumble or muss up your coll bin, yet is soft enough to be readily broken into convenient sizes that is easily handled coal. Coalthat Sugar Co. de Vletnry What Is Walker Bank Bldg. Walker Bank Building Wasatch 5888 We buy and sell Liberty Bonda at market prices i tr No money J. W. DUFFIN, Service Garage INyESTMENT FIRST MORTGAGE ", REAL ESTATE 100-fo- Butter, firmer; but404245 Hr; creamery tains, 44r: ereamery firsts. 17 4 649 'or. Kata, fine, eeehangad. Chceaa, eerkanged, stredjr. Lira poeltry, steady; rUIckana, NIQlSri fowl, 2062Sf wosten, 154kt9c; turkeys. 85i42c. Dreaeadoultry, quiet; turkeys. 50673c. We Will Loan Do Ask for A REALr g PRODUCE. A fir', f Bid lamp Elgment, frequently is gray in color and which la produced from oil or other carbona- m S RAILROAD BONDS. Reported by J, A. Hoffle Carbon black Is a fluffy, velvety black confused with Okmulgt Omar Pennock Pnd A Ref 100-h- p. NEW TOR (A The wool Min were Output Increases in Louisiana. was so today with continental offering of 9790 bales. There demand, especially improved There has also been a marked decrease for medium bred a, and the series closed In output In Pennsylvania and Okla- very firm withcross for all trades well mala prices at none homa, for Oklahoma produced talaed. a all in 1920. , The output in Louisiana, Compared with tfca previous atriea. fine me however, increased 82 per cent In 1920, rlnoe declined 7 and ether merino lft per The Monroe gas field In Louisiana, real, while fine aad medium cross bred loet to 10 and coa me cross bred 13 per cent. which has an enormous' supply of gas, has attricted the carbon black Industry, trade bought 77 000 During ihe sales bom and unless checked bv legislation the bales, the continent 44,000 and America 1000, production of carbon black In Louisiana and 18,600 were held over. will increase greatly. SV0A1 KAUCXT. In eplte of the fact that West Vira great decrease NEW YORK, Dw. R.Tbc local raw sugar ginias output showed the leading market was asalar today aad new crop Pub for 1920, It still remains of carbon black. sold to within c of tha lowest level recorded state In Ihe production West Virginia - id followed in order by In tha past nlnatooa years wbra S3 OoO baga Kenwer aoid to a local raflnar her at 2c, coat and Louisiana, Wyoming, Montana, S 60c for centrifugal, for JanLouisiana, freight equal tucky and Pennsylvania. however, is making great advances In uary, February and March ahlpmant, Tba coa Its the production of carbon black, and output may soon exceed that of Went In Virginia There is less demand Louisiana for natural raa for fuel, but in West Virginia and Pennsylvania th ItOO-fo- KttT T0RK, Dec. te hither than asms creamery 84fe41e; " seconds 8Jt! 43c; etaadarde, 86c r l unchanged f receipt, 2221 cases Poultry, ahv. lower; fawts U4$23e; spfl&f, 22c; turkey. 87c; rwxtm, 13c. extra, m The shaft of the Tonopah Divide mine has reached the mark and the work of cutting a station Is well under way. This staWhile tion alii be of large dimension. It Is being prepared a crosscut will be driven southwest, toward the main vein, for a sufficient length to provide space for handling timbers and storing tools and supplies while further sinking Is In progress. With the station completed, sinking will continue to water level. A report from Goldfield says that the Tonopah Divide company has purchased from the Jumbo Extension Mining companv the electric double-druhoisting engine formerly In use at the Velvet shaft, of the companv. latter reWilliam Watters Superintendent feet progress in drivports twenty-thre- e the ing in the southeast drlft-o- n ievel during the week. TWo raises from the third level and two from the eighth level have been making rapid headway. The two former are said to be in high-graore. One of the raises from the eighth level, near the southeast boundary of the prop erty, will connect with the drift on the U. 8. GOVERNMENT fifth level et a point where that level (As Reported by J. A. was connected with the Gold Zone workings will provide good ventflet'nn This 3a .. to the eighth Liberty throughout ell working do 1st 4 of ore to the Belmont level. Shipment do 2nd 4a . . . t the rate of d 1st 4 mill at Tonopah continue do 2nd 4 a fifty pons dally. TONOPAH, Nov Carbon. Black Producers. Mine Steadily Montana Is w CHICAGO PRODUCE. rifICACO, 1CC. 6. Butter, higher; loathr:-hoekbnd-e- - 2e, 'ubt. pr Wyoming Holds Rank of Third Place Among U. S. erf, its qoetttfon os eM cut aad the price bow beiof fn'igLJt equal to 8 94c for centrifugal. Hair sugar future closed 1 to 9 pelata act. higher on scattered covering and trade beyiag, wftb January at 2.12c; March, 13c; May. .vf and m It tee also reduced certain pigments In paints, lampblack U . superior. Carbon black has boon used as pigk ment in printer s Ink Instead of ainca 1964 It is also used as a colorlnf and reinforcing material ij the rubber lndtwtrr- - and if jctefurtvcty used-itho paint ttrade. cent of tho carhop black About 10 produced annually is used in the manufacture of stove and shoe polish, phonograph records hlack board, buttons, carbon and other black and gray papers, typewriter ribbons, carriage cloth, celluloid, electric insulators, cement colors, crayons, drawing and marking Inks, artificial stone, black . jtibv and tarpaulins The exports now amount toOf per cent of the output, but before theI war They they amounted to 13 per cent. will probably never again reach this amount, owing to the increased demand In ttvs United States for carbon black. lamp-blac- WASHINGTON, Dec. I. TBe demand for carbon black, which la produced from natural gas, has greatly Increased durBingham ing recent" .years, but the supply of natural gas I rapidly decreasing, a .fact Shipping that I viewed with no little alarm by the producers and consumers and that Special to Tin TrlbuM. haz brought about a general demand for BINGHAM, Dec. 8 The Montana-Bing-hamine is shipping more than 108 tons information on the subject. - Accordingand smelter Garfield the of ore dally to ly, In 1919 the United States geological men. survey, department of the Interior, beemploys at present seventy Th fluxing qualities of thU ar6 maka gan a canvass of the situation, and the to mine result of this canvass is a report entitled the for quantities ship It possible o mineral. "Carbon black from natural gas in 1920,' of by K. G. Slevera NEW Y0EX CURB. Although there has been an Increase in the number of plants in operation, the total production of carbon black In 1920 decreased 1 4 per cent, the decrease In West Virginia being 11 per cent, and Industrials In Wyoming, Montana, and Kentucky Aetna ' combined, 4 per cent Allied Pk com , Se. ' Prince, COO at St,e. Plnrha Brlatol. 2000 at Silver Kina coa . 10 at BJc; 20 at Eureka Bullloa, 0 Zt Sc. ot " 1. Equipment The Southern Pacific companys experimental a hale distillation, plant at JCko,, oporated 'for 'some time uhder supervision of the United States Jffureau of mines, and which was to have been auctioned off to tba highest bidder, has been purchased in 1U entirely by the Catlin Shale Oil Products- eompany-- of Elko, the independent reports. The purchase Include everything at the plant except one retort and boiler. The Catlin company also purchased the power transmission line erected, to the Southern PoweT Pactfic'plant by the company, and will Install the power line to the Cetlln plant. The purchase includes a tower, all mining equipment, machinery, tanks, and several small houses and bungalows attached to the property. The bungalows will be hauled to the Catlin plant by motor truck. " - 1200-fo- 10; Italy, demand, 4 Belgium, demand Germany, demand. Holland, demand. Norwiy, demand, Sweden demand. Pur cfxat e Notwithstanding tho fact that operating costs have declined to some extent and thus some relief has been afforded the gold "mining "Industry, many yellow high-gTa- 2 Catlin Shale Company is hard Of course, it must also be of the quality that delivers heat from every For furnace, heating cubic inch. stove and grate, Sunnyside Lump s the ideal fuel. Economical. - ' |
