Salt Lake Herald-Republican | 1917-03-11 | Page 15

Classified Ads a7id Local News Mining Financial and ’Commercial ' ' ' SALT LAKE CITY UTAH SUNDAY MARCH 11 1917 GREAT MM’ $132578 IS MINE SALES ’ V NEARING ORE ZONE DURING THE PAST WEEK- - ON LINE OF FAMOUS’ - PRODUCERS OF METAL - - T"—- '!v -: —:— Vj r S t MILE SQUARE OF COFFER " to-sho- : 1 1 -- - e slump-attitud- - - - - 176-fo- ot - - yes-(th- - 1 175-fo- ot - 1 - - 1 - 500-fo- ot - Alta-Michig- an c na n8-Jame- s yncMlfiLL Cedar-Talism- r ORE IN TUNNEL ' - Recent reports from the Deseret ORE IS THE REPORT Mountain mines property out west of ' f Tlntlc are that Improvement continues In the north drift where some One mile square of copper-bearin- g Reports from Jerome Arts Indicate II ore vaa struck that sampled 267 per Business ' on the local mining exmore week totaled the past that Great Verde extension Copper cent lead This drift Is making to get change ground is claimed by the Mineral aMonthan with :$132000 $113000 comparedowns doto ' condition Is rounding into j under a prominent company gossan capping the previous week or an" Increase- - in arch Mining company which ' ' to county Elder that In" Box western add another great "producer which It is expected covers an ore body volume of $10000 The latter 'part of main and & e Co of Ogden west seventy-onmiles wonder copper camp Reynolds of Importance the week the stocks took on rather' a mlles’south brokers of this city who represent the but the 'volume 'was less than-tw- o The ' company- embraces" twelve President have claims or about 240 acres 12 miles pretty well maintained "Several of the station' on' the Lucin 'cut-o- ff syndicate owning this property Hubfrom on Lucerne station from Salt fhe individual stocks and returned down a lake W up W Robinson J Just plays has received word that Supt J Route Below are some comments on number of times during the week with there and Inwas recently the a Is property very aggressive the property: bard supervising no cause the for fluctuations apparent officials Joseph development campaign Sterling- consulting engineer In Yet there was an undertone of spected by two other to I hisGuyreportMThe strength Pingree This company owns ten claims ore Two carore shoot that showed Evans says: David and I its the proven sur-- 1 ranges from three to six feet in width presence wherever cated In the heart ofand shipped The almost as far as developed underground there appeared any substantial buy- loads of the ore have teen and district of Jerome I 611 per cent ounded by United Verde Extension conforms In length with its outcrop of ing orders on any particular stock first shows' controls of and J1 in silver feet There are good reasons for This was taken as denoting (hat & gen- copper $110 in golddeclared (300 ground to run as I oneone lf con-haline and and second is the on ore a that will the shoot It is straight believing eral rise from the present comparative miles long on which are two great (tlnue at its present known dimensions aauea may Mr Robinson reports an important --1J?SrU2riOUB United Verde and United to great depth and probably grotfr beWlnok£tn°rf producers of the new i?r feature the connecting (new Extension and Dundee Arizona larger the ore I with 'Verde Beginning Bannock I workings new work-Original The old with the the as now developed preparation should In a position to ship Next “on adcents to a closing yes- - consists of a double be made to immediately mine all of the linrf Is United Verdeon Extension Som® accounted ment shaft which reaches thecompart water east Two available ore of shipping grade In orthe United Verde joiningago of ° duPlnBf sent been has a drift marginal level this From was to der mine the of benefit the this generally get of metals and In present years n H1 a south ’ 500 to the out giving feet ore t0a the had a because failure high prices general thought Wll- - I depth of 450 feet on the dip of the vein shipments JP as I the the in Uttle not been reached deeper development proceeds Daisy between 16 and 18 I To the east a drift is out 100 feet with feet east I shipping ore should be mined and hert fluctuated shaft which was not 1500 at high Ricoe closing to yesterday out seventy feet furtherwas United sold of the from the rich glory' hole un sold to Wellington cents 37$ The connection southeast vein“As is H the J Turner says:Verde c 81 ?Sdw at ¥ine stope made from the wider and stronger at this depth- (127- centa Rico Argentine At 750 feet underground In the some Daisy I foot is re-- 9 dangled between of the new work giving Most found level) than it Is above Uie lndl10 cents shaft the management and Tlntlc Standard closed 'values (ported showing them to start the cations are excellent for richer and yesterday at $142$ that caused Bullion held I The old an Incline down thing shaft working haa 1500 feet still further east larger ore bodies at greater depth 11 and 13 cents Edith around Whirlwind a of vertical 837 feet depth — affording wonThe fissure most the it stronger strong attained growing There they struck flew up to 12 cents one down is winze 100 feetFrom this as of occurrence seen the ever is in a copper depth Sales derful sight totaled 115101 shares 57 feet and another down 85 feet all the ore accompanied by porphyry in valued yesterday mine at $1767954 the week in ore Is the report and it Is said to fissure and the general character 865779 shares valued for That find destroyed the belief that the at 5 per cent copper with $1 to $3 $18257899 ore all Indicate a deep seated of the Jerome for nearly thirty The official closing quotations and carry back has held and three to five ounces silver in gold debelief that there was no origin The property merits deep years---t- he sales were reported as follows: ton to the be The should shaft sunk in United velopment the ore there except that Mr Robinson reports that the main to at least the level drifts Verde mine j Bid j Ask shows a high grade mill ore for stope run be south at should both north and Next to the Edith shaft and again dl each 100 foot level ore should be 150 feet and that a vein four and about 141 Star Antelope of the Jerome recti y east Is the shaft a half feet wide is of shipping values as as Alta 05 Consolidated marketed rapidly Verde now down' 750 feet and where stoped and was while he struck last Monday soon This 01 Alta Tiger strike was made 'Only possible” He Was the that expects there Ik sensational Albion 09 W Harvey Ross says: “Among many ast week will be one to two carsna--a production Con reasons -- Verde vein this that for Topper 13) believing Jerome east of the week He brought in samples- of I Directly -12 Tunnel richer with depth Is the fact Alta Arizona will get is that of the Dundee abaft the tlve and black of copper high grade Alta 02 Germania of 4 bottom at the the that 450 to workings feet and with per cent down oxides It Is declared that there is a 04 6 per cent ore in the shaft and on the the vein is wider the ore richer and Argonaut vast- tonnage of milling ores on the 10 more to the favorable softer rock and surface the upper zone being mainly property 18 Arrowhead than at the surface deposition Within the last two months a great ore It may deleached It is suggested that Bullion 11 ore are Indications of a that big body work-nesfon I steam shovel a surface Into depbsit has been uncovered proposition velop 03 beneath Dundee-Arixothe Boley In rich- - I J8 deposited present the the ore found inequaling 74 Big Four Exploration the shaft Bingham Amalgamated 15) as superwho W Hubbard Black Jack sank San Francisco Quotations intendent of the Dundee-Arlzon- a 07 Big Cottonwood Its shaft and uncovered the surface 92 Gold are from Bannock quotations deposit calls It a “stream shovel” un- theThe following Beaver Copper 00 Badger Bros private wire service: Bay dertaking 022 State Mr Hubbard just resigned from the Beaver Lake Met 01 Dundee-Arizon- a IE Is a director of Great Cedar Extehslon 01) as and Verde Extension superintendAtlanta 02 ent is to have active charge of Its de- Booth 09 Columbus Rexall Bull Blue velopment 16 Colorado Con The contention of Mr Hubbard Is C O Dl Crown Point 05) TO BREAK TNE ROADS will he found close to the Combination Fraction that the inoreGreat Cardiff 400 Verde Extension be- - Diamond B B surface Croff dl cause the same geological conditions I Goldfield Con 01 Cottonwood King as are shown at Great Bend are to be found there 05 Cottonwood Metals I a depth of 450 feet In the Dundee-Ar- lGrandma 03 Creole From American Fork Monday mornzona shaft Jumbo Extension 01) Cunapah I on line the Next again directly to I Goldfield Merger Calumet ing there wlir tart a large outfit of 12) few hundred feet distant Spearhead the east aVerde A men 100 Daly and teams with the express underExtension is Great Experts Sliver Pick 31 Dragon Dundee-Arlzoof formation the Yellow standing that 'they ysrill’ pot turn back say 01 Tiger Demijohn Con are easily traceable on the surface (Sandstorm until they have reached' the heart of Extension Daly 01) Judge the intervening ground of Kewanos 81 Mines through Eureka the mining district about seventeen United Verde Extension into Great (Big Four 165 Empire Copper the miles distant The roads' up tomote Verde Extension (Gold Wedge Eastern Prince 00) h&va been Miller and Pacific Hill Tlie shaft site of Great Verde Con B E Bell 205 or less partially blocked for two or tension is directly east of ' Dundee- - White Caj 05 Emerald weeks The road gang expects three Arizona being in a straight line with Con irgfnia Emma Copper ' 127) to push In there with ample provisions ltsfTVelghbores straight through each Confidence Earl Eagle and other things required at the mines shaft to the Jerome Victor 01 Hale & Norcross East Crown Point' can take their enThe men think miners Mexican they Con East Tintic Mining experts and practical 05) miles up the twelve to ten outfits tire to this attach great importance East Carbonate being Ophir will pack the procanyon Herebalance they “on the line” pointing to camp after Sierra Nevada 03 East Antelope of the distance visions the Eureka Bullion camp where the properties- “on the Union 08) or miles six eight 16 line” all made mines Gold Chain Cash offbytunnel yesterday reported This belief Is fortified by the re- - GypsyBoy Grand Central Queen the Miller Hill of that the icials who orts of the mining Great Western 12) in about1375 feet The face “east” proper- - Midway ave reported on theseengineers 19 Howell Monarch P Ex continues to improve but yesterday of activities Home Run successful Montana ties and by the obnoxious gas appeared morning thethe east and south of the Great Mizpah Ex Iron Blossom operators 'i27) two bottom holes the ' 01 againblewInout Indian Queen Verde Extension McNamara Into the tunnel and the gas 14 the Gadsden North Star Iron King Immediately south & is Arizona men were forced to quit work again inter- Rescue J udge li & S property (Calumet 1000-foThe more powerful blower equipment a 60 shaft sinking Nevada of Keystone ests) just Tonopah with fans and motor are still stalled Extension as close to the Great-VerdDavid King M Tonopah Ex some distance down the canyon - As M as their property will admit Keno C Umatilla 04) as these can he hauled up- and soon Lehi Tintic W est End will put on the Miller Hill tunnel installed Leonora Hills 03) Nevada work the rush and shifts three Market Condition Silver 04 Lower Mammoth Round Mountain be carried 600 to 800 The tunnel will or a 06 04$ Logger until it strikes the feet further in The 20 Midwest crfckerjack ' ' From Another Viewpoint Nellie one now giving Pacific fissure 01 MonzoniteSulphur 00) off the sulphuric gas is the Dutchman 70 Mammoth fissure Here is one of the few pessimistic Packard Miller Hill relative to the position of sil- Rochester opinions May Day aaaaa ver following the war It is from the Mineral Flat 4000 at 2)c Leonora 1000 at 8c:40c “Alexander Hamilton Institute" of New UOSCOV 700 at Hill Miller York monthly market letter It says: Neiv York Curb Stocks Michfgan-UtaMajor Evans Moscow 400 at 15c "The chief factors in the silver marh are from New Quincy 6500 at 10 )c The following the quotations have been the ket during New year past Quincy O K Silver 100 at26c increasing demand for industrial pur- the Badger Bros private wire service: Naildriver 4000 at l)c Opohongo poses in the United States and for coins Neva ' in the war xone in Original Bannock 1600 at 27)c 2700 O K Silver among the soldiers at 26)c the decrease in Ohio Copper Europe and Asiainand Prince Con 1800 at $120 Mexico In China a supply notably Opohongo Paloma 500 at 12c:8000 silver is not worth as much in coin as Bannock a ' Original' at l$e Paloma Extension Old Crater Rico Wellington 1000 at S6)c 1600 Ploche Bristol 37c 500 at 37)c at Sells PlUtUS 800 at 27c is over there will be a decline in the Consolidated Prince Silver King Coalition 100 at $312) demand for silver coins in Europe and Paloma 100’at $315 300 n decrease in the industrial consumpPaloma Extension at 15)c Sioux Con s tion in the United States Probably Price 4)c Tar Baby 1000 at also production in Mexico will recover Provo Mining 42) Tintic Standard 500 at 31 50 All these Influences should cause a deRico Argentine Oat 11c 500 at 10)c Whirlwind In the silver market” cline Rico Wellington 1000 at 12c Rochester Mines 900 at- 18c Wilbert1000 So Standard at Sc Zuma Santaquin King SALES CLOSING & M D South Park Stocks Boston DIRECT PRIVATE WIRES Sells 1000 lie at Bullion The following quotations are from 3000 at 2)c State Bay Stocks Bonds Cotton' Grain the Badger Bros private wire service: Syndicate Seven Troughs Coalition Caiuinet 500 at 13c 4000 atl)c Coalition Bidr Ask Silver King DemijohnMines 500 at' 31c 200 at 31)c Silver King Con Eureka BADGER BROTHERS Bingham Mines ' 1050 1100 Sioux : Consolidated 125 at 80c 35 45 Boston Con 5000 at 5)c Swansea Consolidated Tintic East BROKERS 2121 225 South Hecla Chief Con at S)c East Antelope 1000 5871 600 Silver Davis Dsly Shield Bullion 1500 at &$c Eureka Phono W 946-94-7 160 Main St 650 6871 South Hecla Extension Mason 6000 at l$c Lehi Tintic alloy 1371 150 Santaquin Chief 8000 at 3)e Ohio Copper Leonora 29 Members Salt Lake Stock and 500 at 26)c -- 25 South Utah Silver Tungsten Michlgan-Uta- h ' South Iron Blossom Ploche Bristol 7000 at l$c Mining: Exchange at 9)c 200 at Swansea Extension Rico mArgentine ' 2000 i Secret Boston Range T exan Rico Wellington 100 it S7)c 1800 t 87c Tar are BUY from WILL Baby The following quotations Sells 200 at 26)c wire service: Tintic Zinc Bros the private Badger Coalition' 300 at $320 Silver King 500-aTintic Central People’s Sugar Com Con Sioux 15)c Tintic Utah-Idah- o Standard Sugar United Tintic Tintic Standard 150 at $145 400 at Walker Brothers Bank Uncle Sam $142)National Bank of the Republic Whirlwind 800 at ll)c Utah Consolidated Chief Union Wilbert 500 at18c National Bank Utah State Victor Consolidated TOTALS : Whirlwind y sold' 115101 Total shares Wilbert value $1767954 Selling Toledo West BADGER BROTHERS WEEK’S TOTALS Walker Tot a1 shares' sold 863779 v Woodlawn 160 S Main St ‘A' Yankee Consolidated Selling value- $13267899Zuma : $112 an J - - a record' la SUCCESS IN NEW MILL theBelow years of dividendgiven distributions ofbyUtah CopNevada Consol- Consolidated Ray per idated Chino Copper and Butte & Suj perior: Considerable Interest Is being exhibUtah Copper Company ited lately 'in a little experimental mill 1917 1912$ 350 $ 300 nor In' operation at Midvale whose chief 1916 1200 1911 300 425 1910 300 object is to subdue to the laws of ac- 1915 1914 200 300 1909 cruing profits some extremely refrac- 1913 1908 100 300 tory ores From all reports available Nevada Consolidated success is crowning the: efforts of tfte 1917 1912 200 $100 Childers Leasing company which la 1916 150 375 1911 150 150 1910 using flotation and Wall tables to work 1915 out the'results While the present op- 1914 37) 112) 1909 200 erations have ' treated eighty tons 1913 Kay Consolidated dally additional tables will be Installed 1917 $100 1914 within the: next thirty days-tbring the 275 1913 mill up to 300 tons a day The ore 1916 125 1915 tthat is being worked up at present Is Chino Copper a block of about 100000 tons of tail- 1917 $250 $250 1914 225 $25 1913 ings from the United States Smelting & 1916 1915 300 Refining company smelter Butte A Superior The ore under ' treatment Is practi1917 1916 1915 1914 oxall cally sulphlles although slight First $1075 $ 75 $250 quarter idization has taken place In Dart ow- Second quarter 1075 325 $ 75 75 625 675 ing to its exposure on the dumps Ex- Third quarter 75 625 825 tensive tests show that the tailings will Fourth quarter 4 per cent lead 83 per cent sine average and 8 to 9 per cent iron The stuff is 3400 1800 225 Total fine as flour and 99 per cent passes declaration Present a 240 mesh screen through ' When it Is known that this is all In sulphide form practical millnearly men will at once appreciate the' refractory COVE HOLDS SPECIAL nature of the combination ore and the difficult task facing the mill man and metallurgist The Childers has already proven Its ability toplant save 60 per cent of the lead values and 60 to 65 per cent of the zinc It simultaneously eliminates a of deleterious iron large proportion content The resultthehas been a lead 50 of Stockholders of the Cove Mining comcent and 3 to-- 7 product cent zinc withper an ounce of silver per for pany held a special meeting the past every percentage of lead The zinc prod- week and made a number of changes uct runs 35 to 40’per cent with 3 to 6 In the directorate T L Uvsey was cent lead madein place of W B Coom perThe Is first by oil flotation while president B Anderson was selected process Hugo when: the flour are put through as secretary-treasurin place of E the boxes twice tailings H Nichols The to is first effort save the lead which is considered thq The Cove property is located In Minmost valuable all iron pos- eral Mountain southeast from the eliminating ' sible The second passage through the Antelope Star range and adjoins the East flotation boxes is in search of the zinc Antelope Star and the South Antelope The flotation concentrate carries 16 to on the south It has ten claimsIs re-A 20 per cent lead and 22 to 26 per ’cent tentative for the property zinc This is then turned into the Wall ported to offer been received lately have tables Eight have been used but this x number is to be increased to thirty-sitables within a month when the ca- Autumn Ore Samples of the plant will be quadrupled pacity The tables nre water and gravLead Values are takingusing Carry High recoveries of 75 to 80 ity and cent or from the slimes flotation per concentrates In this process most of One of the officials of the Autumn the Iron goes with the lead company has received samples The tables are the Invention of CoL Mining from the property In the Cottonwoods A E Wall of Balt Lake a and the results of an assay showed the are small presence mine operator Those in use prominent of 71 per cent lead besides effective The some silver The samples came from but decidedly pronounced x new of thirty-sitables will the seventy-five-foshaft whre the sets of four each table operating work- is now being done It Is exbe In battery E R Richards is the pected to do some shipping from this Independently manager of the plant property the coming summer - - — - - er - - ot - REPORT IS ISSUED I Stockholders of the Lehi Tintic Mining company are In receipt of a financial statement and report up to March 1 signed by Secretary H J Fitzgerald The statement shows disbursements toan4 receipts from the taling e$42659 assessments of $36809 It twenty-ontells of some new ore that samples up to $112 a ton The financial report Is as' follows: DEBITS Cash on hand and In bank $ Expenses general office etc Supplies powder boarding m etc Loss and gain account — In terest tools apparatus Machinery etc Bulldine etc Pay roll Total $I3®8833 ' CREDITS Stock account Assessments Ore Accounts payable 00797 — — — 3680996 19®49 364587 Total “Accounts payable contains Items of machinery tools building materials fixtures boarding supplies powder in monthly inetc which are payable stallments amounting to about $3200 which are now on hand “Here Is definite Inspiring news from our president George Nicholes ore who has Just uncovered a body of Mr In the upper tunnel near the winze Nicholes states that this ore body la the east which he as bearing towardshows from assays now opening as 674 per cent lead 920 ox silver high 20 cents in gold which is an’ ore and value of approximately $112 per ton “We anticipate very shortly to have a tremendous body or ore ’in eight the extent of which can only be determined but the location of by ore body now open Is about 100 feet tne development east from a point directly above the face of the lower tunnel which is 465 feet below justifying the theory ofa from the lower tunnel at raisingthat will show the vein which point terminates in the upper tunnel ma-as above stated We have sufficient an ample aupply of apchinery and tools to push the developand paratus ment work with the utmost speed and and substantial shipments of economy now ore are being delayed only by weather conditions A movement is now on foot to build a so that road over the pass to Eureka the shipping point will be about two miles from this property the present about six miles point being shipping before has the company anticiNever so definite and prosperous a fupated ture as this piece of development well-organis- ed na 1C 1 U ttan ©IppoirfiiuiirDitis to i - ’It-wa- 3 s - is-ho- THE - i TP- - V‘ fc f I ot e 1) fr! V : 1 1 la 1 - fa Cv This Company Was for the Piiipose of Producing Oil and Not Solely to Sell Stock : a ' Incorporated under the laws of Montana July 20 1916 Stock fully paid and nonassessable each shaxe a vote Each shareholder shares in every acre and every well and all future lands acquired by the company ' - a -- 1 - Our first well is down 1450 feet and working steadilv It is located only a few hundred feet from Mid-Weproperty where there are over 40 producing oil wells There is a large refinery at Greybull and another is under construction Greybull is the center of the oil industry of the northwest This means something st -- vs Two New Rigs Start Work as Soon as Weather Will Permit J - - 1 - t - - - THE STOCK IS NOW SELLING AT TEN CENTS PER SHARE WILL GO TO FORTY GENTS PER SHARE IN A FEW DAYS THE TIME TO BUY THIS STOCK : ' IS NOW—DON’T WAIT Either coine to the office dr write or wire yoilr application for stock you desire Cash with jour application But do not delay Get busy—do it now - A VISIT TO OUR BOARD ROOMS nee of oar facilities for 11 Call Main STATISTICAL DEPARTMENT on Full Information y J OGDEN n SATURDAY SALES ' -- ' 1000 Telephone Wasatch 333 any security furnlsbed upon request - - : Eureka Mines 31)C- SALT LAKE : f r' — : H CHILD & CO VVTfl V-'V'-- 4800 - at 31c “ 1000 ' at' at Emma Copper Con 500 $127) at:5)c-50at East Tintic rt 6)c 1000 9c3000 ht $$c " East Bullion1000' at' at J4c Iron King Lehi 'Tintic' 2000 atl)c-850at l)c 1 00 MINING STOCK BROKERS iff- -V Jf -- j' Stock Exchange Bldg 9nl Lake City We Solicit Yonr ' ’ BUYING AND SELLING -- '‘"Vi V- - ORDERS Consult with us regarding the Askour ' market' - OFFICE IT MEANS THE TRUTH AND FACTS IF YOU DO l for Market -'- I- COMPANY OIL AfflEfflCAN LAKE STREET '“''s’' Office Open 9 SALT 150 S MAIN - r a' dl to 9 p m Every 'Day m '’-P' ' v I CITY UTAH I O Box No 919 £ : A ' A - v A HOGLE & COl BE SURE YOU? COME TO 'THE ' Yenrs In Business ' will eon v! yon executing your orders n nre liable to we enll will be yon plenaeil to phone quotations 04 and latent market Influences ' at 26)c: American Con Copper 1500 gt' 14c V 2000 at 4c 1000 at4$c Argonaut 1500 at ll)c Bullion '' " Big Four 200 at 7 6c 2500 at r 1 5cv Bingham 2000 at State 2)c Bay Columbus Rexall 308 at S)c v Colorado 300043at 16c Crown Point 975- at 5c at 32c Dragon Con Empire Copper 200 at' $160 100 at ' $165 Alta-Co- : I Snnday 1 p m to 5 p m