Show THE - HERALD-BEaTOUCANSAL- LAKE CITY UTAH SUNDAY T ' 1917 MAY-2- 7 -- ll ‘f ilHf TJJiifiSsJfF- ' ' - - I 1 METAL IN ONE - CHICAGO MAN JOINS MING 43300 TONS i FROM THIRTY MINES STAFF OF ELK i UNiTED tHL COMWNY TUNNEL SHIPS CAR While the total 'transactions on the local mining exchange th$ past week BE : CUSTOM MILL Is a little less than those' of the preceding six days $56307 compared with $63709 yet from a market standpoint From Returns Field the last few days displayed a conspicBUILT AT CHLORIDE uous Improvement There were some notable advances as well as a few Ah Important addition to the direc- rather disquieting Iron of the Elk Basin United Oil com- Blossom In the weekdepressions tory from advanced A 98c to $113 bid yesterday Rico Argenpany announced by Secretary-Treasur- K-According to the Chloride Herald G Stearns of Los Angeles and George W Vogel last week is A tine advanced from F WellingHill Van Valen who arrived in Salt Lake ton from 49c to as9c to as 59c Cunningham one- of the Silver Iron high stockholdaslast and Mining principal are going sumedWednesday immediately of- King moved up from 18c to 18c asked ers are company's In Chloride at his duties the They company’s sells advanced from 18 c to 21c Plu-tu- s over the ground plans for a custom fice 836 Main street 191c to as as 25c KeyMr Van Valen left the position of stonefrom mill which they propose to erect on the from 56c to 64o high Ohio Copper from Hill on property that lies assistant' chief clerk-o- f side or Sliver the railway 90o bid to sales at $120 yesterday on the east side of Sliver Hill between mail service tenth division Chicago South Hecla was stronger so were New Is come underto to Salt Lake there and the railroad It and Bullion Mlchlgan-Uta- h Mr mill of this before leaving for the Elk Quincy stood that the first unit 26c Leonora Columbus Rex-1- 1 to sold Vogel up 100 tons and basin that Slocum district to confer with Howard will be of capacityto increase were stronger Paloma others and is available further down from 8c asked slid acquisition regarding to 5c' It has capital ample conas as of holdings and drilling of the plant stated that the slsewarrant rapidly 60000 sold In the past shares ' nearly conThis mill site is Elk Basin United company- stock was three days Big Four slumped ditions from 64c and that to 45c closing yesterday at 48c sidered of especial value as it furnishes receiving support flattering dihe expected to bring back next week a downhill haul from nearly every The local market apparently reached rection and is well located for the some decidedly good news 'for bottom a week ago and ever since then convenience of a large section of the It has been gradually showing betterment with an occasional day when it camp Since the news became public that stood still With a predicted runjust hands X Lr was in L the eastern market eastern buying the renowned away BULLION'S CAR LAST Col headed of a strong company orders beginning to pour In to Salt by Martin Lake brokers local shorts getting Beveridge and LofF there has been a scramble real blgmln frightened and quietly filling aimmemen to secure extensions of the live market it looked in the for lng I X Li vein system future BRINGS $2121 CASH diate The ground having the north extenSales yesterday totaled 46405 shares be sion of the I X CL valued at $8581 for the week 412962 L OwasD the firstintoline and the shares valued at 85680759 The offibeing to sought cial closing quotations and sales were and haWng the veins proven good two for Salt Lake officials of the Bullion reported as follows by depth has been striven were In receipt yes competitors high-gralively Bid Ask ore in the- terday of a check for $2121 Recent finds of to cover I crossand tha cutting by the concentrates the last of lead Star Wrlgley Antelope cut on the level of what is said I from the shipment company mill at Goodsprlngs II Alta Consolidated to be forty feet' of good milling ore The one car of I Alta Tiger embraced has created much interest In that ec- - II 47000consignment or about twenty-thre- e Albion pounds tion and with the commencement of I and one-ha- lf tons product from the II American Con Copper on the I X L that interest plant This brings the ore $96 Alta Tunnel operations to increase & ton 49 per cent fead and I Alta Germania is certain It sampled 125 ounces silver Another carload of Bullion crude ore direct from the mine Is now Bpley writes UIg Four Exp loading Superintendent OIL LAND LEASES GO that It will run a littlePhelps better than Bingham Amalgamated the last As that car' averaged 729 I Big Cottonwood Gold Bannock cent lead it is that this per 75 per cent Beaver Copper ore will carry betterexpected than lead It carries about 6 ounces silver Bay State Tl Beaver Lake Metals Improvements in the physical condi-- 1 Com Phoenix tions at the mine are reported Cedar Extension Cedar Talisman Columbus Rexall to Wyoming’s oil boom continues Colorado Con attract the eyes of the country and reCrown Point of new strikes made in various ports Cardiff Disfields cause renewed interest Croff of leases on oil lands which are posal Cottonwood King controlled by the university of the state Cottonwood Metals Is open to tne highest bidder at public Cunapah auction This has been determined uni-on Calumet by the board of trustees of the the action by versity and confirms month Stockholders’' meetings of the Roches- - Daly Dragon This board ago o "t&t'SrSiBt ‘hoTdYrV £°”: Eureka Mines leases will not be granted an extension I Wned Mine 'company and the of time according to reports I I tP Eastern fields are now sending in B Bell week says a report from Lovelock I in II Jh® drillers as well as supplies expert volume We7- fields to the Wyoming large has enabled some of the I Emma Con S®£3roP'®n®nwnancUltS FmI This larger I®” overcome to the shortage companies TinT£ Point which has retarded operations at Con been whlch has the Est proKress MnP®ctrt fIeld Ohio From the number of wells I the last JnC® ifi tanks are being taken down and Amoni w°lTk°wn th° tolSSlZf o°trut0j!d't“t0h who- ISflkS SuALS” Oilover th property wr n‘rl N Lren of Red-- I Great Western mation was received yesterday at the I er H Hicks and President N P Hansen of the Copper Uranium Mining company was in receipt yesterday of a letter from Harrison Hill telling of the opening of ore in the lower tunnel This tunnel la now In 800 feet and! the face is about 500 feet vertically from tha surface Samples were received a short time ago from the face which was then In about 785 feet and gave the following returns: 731 per Scent copper and some silver and gold ton There is inow $40 to a carload of ore the at the local samplers It contains twenty-eigtons and Is to show high copper content expected Twelve tone of the lot wee left behind Another recent assay showed 18 per cent copper and 742 ounces silver- The Is located forty-fiv- e property (piles of Arco Ida north In Mr Hill’s letter of May 22 ha’aays in part: “I sent you samples from the first four Inches we struck In the lower tunnel Today I send you: another sample taken from the center of the face It would do your heart good to see the tunnel today The whole face is ore It runs in streaks like the I sent you today It Is largeover sample all tne' face We are In feet on the top of the tunnel and eight rune feet on the bottom The vein three across tha tunnel and opposite to Its position when you saw it but with about the same dip As we are not the vein yet we cannot tell through what there is ahead of ue It is far ahead of anything we had struck before Is out some ore In the“Jorgson incline on taking the drift sent out from the collar of the fehaft Herd is getting some ore in the bottom of the Incline down the shaft In the south drift White Is within two or three feet of ore in the north drift at the bottom of the Incline Will put Herd tomorrow about halfway up up In the north drift the shaft” : ' 1 - Thirty mines and leases participated In the May production of the camp of Tlntlc which amounted to a total of 866 carloads This Is estimated at tons and valued at a little under 11000000 It is compared with 889 48-8- 00 carloads shipped out fij April 1048 In March 737 In February and' 803 in January This makes one of the heaviest of monthly productions In the historywill the old camp Next week’s output be credited to June The weekly output has ranged from 388 to as high as 342 cars or more than an average of 10000 tons every seven a total of 4337 carloads days It makes five from Tlntlc mines the first shipped of five months this year This months estimated at 216850 tons production Is more The and valued at seemthan $5000000 to meet mine operators straining the metal requirements and to secure the present high prices that dividends be increased to their stockholders may While most of the mines have been their straining themselves to increase almost unoutput encouraged by the for all the precedented old shippers have a fewprices of theruling metals off Ing -' load of ore credited to shipments durits year the year present Ing was 22 carloads 25 for 1915 in output Is 1914 45 and 34 in 1913 May Day in a behind another which has Infallen the first five way !aurprlslng It has shipped but months of this year five carloads This is compared with '71 carloads last year 130 In 1915 0 cars In 1914 and in 1913 a total of 14 cars Neither of these mines is found May shippers among the Below are the comparative shipping records of the various mines of- Tlntlc !for the months of May and April acrecords: - cording to the camp shipping - ’ er llc - - - - - ’ Mining-compan- de 200-fo- ot - I Con X’ragon Iron Blossom Chief ('on Centennial Eureka Mammoth Eagle & Blue Bell Gemini Areii I York Curb tn °il 5HNl' a! Xl£d? P? 25moanvVuta“0ntonWy°minf C°AdWces ’vindirSt' lan:JJpn f 1 Juage £ a b I Kinm Darid i I I Keno LeM Tlntlc ’ 1 1 ! I ! 1 1 1 1 W Boston Range are from The following quotations Badger Bros private wire service: MISSOURI PACIFIC REPORT SHOWS LARGE San Francisco Quotations are from The following Quotations Badger Bros’ private wire service: Bid Ask Atlanta New Tork May 26 — Total operating I Blue Bull rail-- 1 C O D revenues of the Missouri Pacific for the calendar year of II combination Fraction way system 1916 were $19972812 an increase of $10472221 compared with the previous II Daisy Florence as shown by the annual report I Goldfield Con year Income The issued today after the Great Bend deduction of operating expenses was Grandma 91o526633 an increase of $2131649 I Jumbo Extension the surplus after charges was Goldfield Merger BADGER BROTHERS and $959008 compared with a deficit the I Spearhead I previous year Silver Pick BROKERS Yellow Tiger KewInorm ' 106 Main Street —Phones 946-94- 7 Copper Situation Pioneer I New Tork May 26 —While no Private Wires to All Markets Big Four business has been reported in the large cop- - I Dexter Union market during the past week there Gold Wedge per MEMBERS has been some improvement in demand Man Con Chicago Board of Trade and prices have held generally firm I Man Dexter and Glory ranged around' 8100 Morning Salt Lake Stock A Mining Exchangew Today’s to 3300 quotations for spot and White Cap nearby delivery I Con Va with the prices practically nominal Buy and Sell on Commission for July delivery was re- Mexican Electrolytic scarce and for thelOphlr ported Stocks Bonds Grain Cotton I third quarter andquotations later positions Sierra Nevada Local Mining and Industrial Stocks ranged from 2800 to 8000 Union Iron was unchanged Belmont Cash Boy Gypsy Queen Jim Butler Midway Mon P Ex Montana Mlzpah Ex: McNamara North Star Rescue Tonopah Ex Umatilla Successors to West End Hills Nevada Kelly Filter Press Company R Mountain Big Jim Sweetland Filter Press Company Crackerjack Nellie 'American Filter Company Packard Rochester I I - ’ J United Filters Corporation ' OFFICERS AND DIRECTORS and Director Salt Lake City J Salisbury Pres V Free and Director New York JB Sweetland City McCornlck Treasurer and Director Salt Lake City Director New Tork City Halstead Llndsley Director New Tork City Li J i ! ! ! 09 01 02 04 03 ’48 05 02 37 05 07 10 02 13 07 06 02 85 ”ii 140 54 22 06 07 21 890 06 03 13 10 19 "is’ 09 23 j - l 68 02 86 FOR ALTA TUNNEL CO We recommend for investment and offer subject to prior sale a ited amount of Capital Stock at $950 net per share lim- - Opohongo Bannock Original Old Crater plan?- v Phones: 946 947 160 South Main Street J 2409 A Hogle&Co Hudson Main St Ave C Moore Totals Wyoming's new oil field tonear tha Utah attract state line continues attention the latest report being Relthat the first well has been brought in ative to new operations the Kemmerer Camera of Wednesday says: ”It was reported Monday that oil had been struck in the Fossil field by the Brokers Oil company outfit and that the precious stuff Is now flowing down Into the creek Immediate steps will be taken to dam up the flow and preserve It “Dr Frederick A Cook the famous explorer who has been spending a numIn Kemmerer in the interber of est of days a Chicago Oil company stated that Lincoln county will prove to he one of fhe biggest oil fields in tha west in his opinion: He says It Is only a matter of drilling In the right place which can only be found by experiments such as are conducted by the Plains Pyramid being Brokers Cretaceous and other developing companies of the county Dr Cook was raised in an oil section of the state of New Tork He says that the indications here are to him unmistakable “When asked If he thought that there was a good market for the oil that ansoon be produced here Dr Cook may swered that the demand for oil is far beyond the supply Whentoday the thousands of ships recently provided for by the United States government are burn oil as theyof will will completed also hundreds other ships being built at the present Thus the demand will keep Increasing “The Lincoln Dumber company has been engaged In the construction of a wooden casing sixteen Inches in large diameter to be used by the Plains Oil company In their first hole at the La oil field It is necessary to have aBarge of this nature at the large mouth ofcasing the well” Ship $1400 Car Ore From Beaver Property A shipped a carFotherlngham of and a car of zinc fiom the Osceola Leasing company mine The last week netted $800 and the zinc netted $1400 Both cars were shipped to the American Refining A Smelting company at Salt Lake says the Beaver Press Bc-h- n lead-silv- er lead-silv- er 25Jc New Quincy 500 O there la no question about the future prosperity of those who get la with us on the ground floor Our holdings comprise some of the' eholcut oil lands In Wyoming and Montana— --we have 40 acreo on the famous Elk Basin dome Just a quarter of a mile west of the Ohio Ormpany's property where they aad the Mid-We- st Oil Company and others have drilled S3 wells fa the last 16 mouths at 500 26c without a failure and every one now a good producer Geologists and prominent oil experts agree that properties In pur locality are bound to become valuable producers We are also adding to our holdings 80 acres of other valuable lands on the Rawhide Anticline In Wyoming as well as valuable acreage between the rich Salt Creek aad Big Maddy Fields A limited 'amount of at 500 stock will be sold at non-assessa- ble SI 10c a t Oar properties and company will stand the closest Investigation Call at our offices or write v ELK BASIN UNBTEO OIL COMPANY - 3S8 S Mala St 1000 r paid-u- p share Salt Lake Box 1036 Capital Stock 250000 We drill only la proven ground Reference McCornlck A Co Bankers Salt Lake City R G Dana Mercantile Agency CLOSING SALES at 4c 600 at Copper Alta Tunnel 1000 at lieBullion 1000 at Sic 700 at 48c Colb Rexall 500 at 19e Croff 2000 at 4c Eureka Mines 1000 at- 21c Howell 1000 at 16c' Keno 1000 at 2Jc Leonora 2000 at 2)c 500 at 251c Mlchlgan-Uta- h 26c O K Silver 500 at 14c Paloma 6000 at Sc Sells 1000 at 21c Silver King Con 105 at $3801000 at lie Utah ConWhirlwind 2500 at 9c Big-Fou- 0 As soon as we start drilling there will be sharp advance In the price of our atoek— end so certain arc’ we of developing big producers that le Antelope Star American Con Fire Clay Sugar and local bank stocks Telephone Wasatch 7216 (Branch Exchange) or write or call and let us explain our - eMl VI OPENING SALES $135 InIs vestment In such stocks as Utah Power A Light Con Wagon Z C M I Utah Silver King Coalition Id A S King Con Ontario Daly West Daly FourBig Creek Jiggers Utah Ore Sampler Sadler Broad Water mill Judge Silver Tm 0 - $20 toorsecure$30 $10 sufficient an a month April: I Antelope Star 1000 at 3c American Con Copper 500 at 14c 1500 at ll)c Bingham Amalgamated State 1000 at Bay Howell 3d0 at 15c Keno 6000 at 2c Leonora 500 at 2c Michigan-Uta- h 61 ’ 1S at 11c K Silver 1500 at 18c 600 at ISic Original Bannock 100 at$120 Ohio Boston' Curb Copper Paloma 2500 at 5c The- following quotatlonsare frpm Provo 1500 at Sic Bros wire service: private Badger Rico Wellington 100 at 55c Silver King Coalition--15at $307 200 at $305 Sells 500 at 20c 1000 a 20c 500 at 21c 500 at 211c South Hecla 100 at $1121 Tlntlc Standard 50 at $132 2000 at ‘ Boston directors of the Eagle A Blue Bell Mining company has announced an extra dividend of 10 cents a share This calls for the distribution of $90000 on June 1 to stockholders of record May 26 This makes the 1017 dividends to date $180000 On May 1 or lese than a month ago 890000 was distributed This will bring the total of this Tlntlc mine’s distributions up to $717600 The Eagle paid last year $90000 In 1915 $135000 and $138950 the year before Its shipments in May totaled 71 62 In March 99 in Febcare In April 62 and 55 In January Its total ruary In 1916 was 470 carloads compared with 563 In 1915 From camp comes word that a new strike has Just been made at the Eagle A Blue Bell mine Supx William Owens says that a drift was driven into the center of an ore body right to the south of the shaft on the 1700 level and that In his opinion the find Is one of the most important In recent the drift years The otherInto day after the ore for fully had been driven feet the top bottom and sides thirty were all In ore of shipof the opening —and the Eagle manageping product ment nas but little idea regarding the extent of the discovery That it will a vast amount of give the company certain stoplng ground seems Owens states that this Superintendent new strike Is about directly under the on the 1550 level- from big stopes mine has been shipping which the He for some months one quite heavily strike an Important considers the exproves the for the reason that it ore istence of an Immense body In the south end of the company’s holdings is a good portion of the ore which now exposed in the mine being to the north of the shaft Wonderful progress has been made the depastthefew yearsA inBlue during the of Bell Eagle velopment mine many new strikes having added to the ore reserves and the outlook was never quite so bright as atorpresthe ent The Eagle is now one mines in Tlntlc if we are to biggest measure the greatness of mines by their earnings and available supply of ore re-elect- ed 0 Capital Stock $200000000 Par Value $1000 Issued stock 102500 shares Stock in Treasury 97500 shares No Bonded or Mortgage Indebtedness Business secured Jan 1 1917 to May 151917 $85000000 ng These figures Indiliminary figures over cate an Increase the preceding a tomonth of 1000 tone This makes tal for the first five months of 1917 of 35700 tons to which approximately should be added possibly 5000 tons for' the'1 shipments made and not given In This would ' reports weekly regular make close to 40000 tons for tha five months As the next weekly shipping' falls In June the foregoing cov- report era the recorded output from the camp in May Kv®“Xr 24 88 70 04 12 $717 ISO TOTAL Two new directors were elected at the annual meeting held yesterday by the stockholders of the Alta Tunnel & Transportation company There was represented at the meeting approxiThe mately 500000 shares of stock two new directors are George N Lawrence and William Weber The latter has but recently become a large stockholder in the company The resigning members of the directorate were John Tonopah Production C D Clark and M P Braffet The other directors were F V $161875 for Week Bodflsh John Cain and V E Loll In The directors will meet In a fepr days and organise It was the consensus of Production of the mines of the Tonoopinion to continue to vigorously push pah dlstriot the past week totaled 8760 the development work at the- large tons valued at $161875 says the Tonodomain in Big Cottonwood Miner The Tonopah Belmont sent pah to the mill 2583 tons the Tonopah Mining 1700 tone the Tonopah Extension Jarbidge Road Blocked End 976 tons the Rescue 193 tons Snow Banks West the Montana 159 tons and the Cash Boy by 50-Fo60 tons There haa been a number of Inquiries about getting into Jarbidge over the Cedar City’s New Coal read from Charleston This road Is still snowbound and the Indications are Mines to Be Opened bethe road will not be that fore the first of July Thereopened are snow drifts on the summit fully fifty feet Director J A Rasmussen of the Iron deep lying In the heavy timber just County Coal company arrived In Cedar after passing Copper Basin It Is proand says that everything Is going assist the melting of the big City posed to swimmingly with the projected alpng banks of snow by inserting sticks of developments of the' coal properties on dynamite at the base of the drifts says the face of tha mountain adjacent to the Elko Free Press C H Lewis the Cedar City Two or three companies road builder is now on the road be- are bids for the tween Deeth and Charleston putting in and submitting erection of the tram and supplying the comthe new bridges which- were washed pany’s engineer Prof William Peterout this spring It is said that all the son will be here In a few days to run bridges on hls road are out and travel the final survey and stake off the has been hung up ground says tne Iron County Record Ploche Bristol Plutus Prince Con 02 Paloma 08 Paloma Extension 05 Price Mining Provo 19 Rico Argentine !6s‘ Reed’s Peak Rico Wellington 03 Rochester Mines 39 South Standard 06 Sells 08 Syndicate Seven 01 Coal Silver Troughs Con Sliver King King 14 Sioux Con 08 Swansea Con 08 SoAth Hecla 07 Silver Shield 04 South Hecla Ext '86 South Iron Blossom 04 Swansea Ext 15 Secret 145 Texan 55 Tar B(by 23 Tlntlc Zinc 07 Tlntlc Central 08 Tlntlc Standard 22 Uncle Sam Utah Con Union Chief 07 Victor Con Whirlwind 85 see Wilbert West Toledo ill Walker Woodlawn 10 Yankee Con 16 Zuma 68 8447 tons This le estimated at $350-00- 0 la compared with 7377 tens in It7895 April6637 in in March 5882 In February and January according to pre- - - B Walker MAKING 10' 202i 220 02 25 36 I I According to preliminary Park City mines offlgureatha roductlon of tne Surine the month of May amounted to 8 BLUE BELL TO - Naildriver REVENUE INCREASE B ! elded date EAGLE ot 5"anft7en Logger V' Boy L A Frledman P Monzonite BullgtermwlrWHiam Adams J T Applications for the excursion which iJ’ the directorate of the II Mammoth the Montana-yoming is arranging are coming In to the offices of the j GAj1?na”ea”' “J"ea® Mlnes company I Miller Hill there I company and It now looks like the or new directors I two election th6 “w oil r?rWt' ! ! visit number a j would be goodly w to l ynn vPna®rKioot denot been ala fields The time has yet O ht I and C JW Snyder are that In the Big Muddy WilliaAms W Culbertson of ChicagoJ fields there are several wells now be-- 1 ®f Erie have reached depths ing drilled that Rich eater Mines the within! oil reach the pools ' I ThVVoadsTo tKhTfleld are V“S?i8E wm® afewTaya A CHlver Friedmi can be in such condition that supplies an In- ” be gotten In and the result will I lS5?"a8VT and H J Murrlsh O’Brien R Nenzel And'” the -- I pilot Butte field a deep wen“win prob- nth®rhosn® for 'the" S" ablv be brought In soon is the V irep-resenti- I The following quotations ai Bad ger Bros private wire service: $350000 - I Grand Central Colorado Con ictoria Gold Chain Bullion Beck Tlntlc Standard Scranton Ridge Valley Empire Mines Yankee ('on lease Sharp Minnie Moore lease Victor (Jon Swansea Con New Bullion Eureka Mines Eureka Hill Sioux Con Utah Con Primrose lease Laclede lease Tlntlc Mill Higgins lease Totals ORE - I Good News for Stockholders Predicted When Vogel w JO - 8447 TONS 10D0 TONS OR 340000 OVER APRIL OUTPUT " rf V ' i MAY PRODUCTI ON VALUED AT MANY ISSUES ADVANCE CAMP STRAINING TO MEET METAL DEMANDS i PARK CI1T- 14C ? : i - " ‘ - 500 at tit - Shares sold - 46405 selling value 169 $8581 I W eek s totals Shsres sol( 412962 SALT LAKE selling value $5630759 7 4 (S' ft 0 S9 r y a y it i |