Show V T i : v'ill J r i 0 " s 1 5 : ’ :" — S ' "f ' ' " t A V ' I V V THE - fj 4 - t SALT LAKE HERAIiD-EEPUBLICA- N dTT UTAH SUNDAY SEPTEMBER 30 1917 200000 TONS EACH MONTH 3 Utah Camps : BIG IMPLANT Huge Yielding TIPS iprro DITCH Monthly Totals IS STARTING IIP I f : $10080080 ’ i r i 1 - IS I UNTIC OUTPUT - r i j SEPTEMBER ON PAST 9 MONTHS i K 'r" MART dred Mines $950000 PRODUCTION DURING SEPTEMBER ri Embargoes Shortage of Cars and Coal Reduce the September Output r s? ‘ Production of ore by the mines of Tlntlc during the month of September amounted to a total of 34 carloads This is estimated at 31000 tons and valued at 3930000 This production Is compared with 929 carloads in August 772 in July and a total of approximately 5000 for the previous six months This makes about 7300 cars for th first nine months of this year These are estimated at 865000 tons for that 910- - period valued at approximately 000000 The conspicuous reduction in the out- with put for September when compared some of the other preceding months is easily accounted for The drastic ' smelter mines embargo on some of therailroad and the palpable shortage of ore from cars in which to transport the the mines to the smelters are the two coal principal factors A shortage of con-also had its share in the generalout: i dltions tending to reduce the from the camp As an instance of these effects upon‘i pro-the mines In Sieptepiber the Eagle T ore of carloads five was Auction 4 is compared with 41 cars In August !ln July and 77 in June or a total ' " ' : ' - 85 7a 66 88 36 ‘ 33 - 21 16 - 16 14 I - 7 9 3 4 '3 2 2 2 2 2 2 1 1 1 1 - 1 1 1 1 Total Box Elder Mine Is Charles Anderson of Montana telephoned Brighton yesterday to the effect that the Mining A Milling company which has been operating in Halfway canyon just east of Mantua for some years past and of which company he is one of the promoters had struck a rich vein of ore consisting of iron copper gold silver ‘and zinc Several people of Brigham and Mantua have purchased stock in the mine and since the report yesterThe day they are all up in the air prospects for good ore have at all times looked good and now that something really worth while has been discovered it is likely that development work Will be pushed vigorously says the Box ’ Iron-Copp- er Elder Journal Red Elephant Is Resuming Work - From Denver comes word that there la to be a' revival-othe work of the American Mining congress in the United States Already the congress Is credited with some sDlendid work along both legislative and constructive lines— the the greatest of its achievements being federal bureau of mftges and no less valuable being the establishment in - o 65 - $471-660- 54 - u ‘ congress Relative to the present remarkable silver situation G A Stoneh&m A Co say in their letter of September 21: “Silver is the metal of the moment Although London continues to send an Official price dally the quotation is utterly disregarded in the big actual market for the metal that exists at from 5 to 6 cents an ounce above this The real ‘official’ figure is 9115 or around silver of today price 14ft qents from the gold basis of at which price silver has not sold since 1378 There is every reason to believe that silver will be on the gold parity within the next two weeks The is extremely acute and the shortage of the metal is unprecedented It is understood that the government's wants are still far from' satisfied and the Far East is bidding for the metal at rising prices with ' Europe an imcompetitor Although the portant mines are making herculean efforts to keep production up to the huge it is evident that with some of the more important copper-silvpror time the dueers running only that part task is difficult ' It: Is also’ believed that even with these copper mines there silver as a yielding would be difficulty In ooplng with the demand “Report from various sections of the country Indicate g that September will he a month in the matter of earnings and practically every silver property in the United States has shown r a tremendous Increase in intrinsic value without such Increase having been reflected: In the market’-- ' price of the shares- If the attention of the public la for the moment focussed on other things it should not be long before a serious consideration of the ellver Issues will result In a substantial buying movement” so-call- ed 91-292- 9 slt-yatl- on - demand The Red Elephant mill which has dieen In operation since the first of September is doing good work and turning out a very nice grade of concentrates and of middlings says the HaiThe result is so satisfacley Times G J that Sawyer the superintentory dent is preparing to sink on the ore chute and will install a hoist and pump as soon as he can get them The comconservapany that has worked very to yean now Intends tively for several to opore and uncovered the develop erate upon a somewhat larger scale than heretofore SATISFACTION GUARANTEED last H B COLE Room 1 - l t V 's MEMBERS Chicago Booed of Trede and Salt Lake Stock A Mlalxg' KnUsgu 'v by-prod- uct sllvcr-prbdue-J- ng ot - er n - - ' TINTIC STM : v One of the officials ' of the Tlntlc Standard said yesterday that the drift level of the new from the 1260-foshaft made 130 feet in the past two weeks or at the rats of (5 feet a week and nearly ten feet a day The drift is now out 240 feet and has but 100 feet to go to reach the point where connection will be made by a short raise to the old workings It is ex-be pected that the connection will made by 'October 15 The drift Is still In ore One of the from there gave last carloadfifty-onshipments e ounces silver and returns of One car recently 13 per cent lead controls of sixty ounces shipped showed These silver and 15 per cent lead e mark ores are nearing the even with silver below $1 an ounce This ore carries from 12 to 14 per cent sulphur which makes It desirable have at the smelterssomeThe smelters of the ores lately been refusing to sample up to 10 per cent that 'failed or more This has been hitsulphur some of the Utah carbonate ore ting mines pretty hard lately ot - high-grad- PffijCTil at 9192ft Zuma 500 at 15 ‘ Buy and Sell on Commission Stocks Bonds drain Cotton Local Mining and Industrial Stocks r building retorts The following relative particularly to Nevada applies equally well to Utah The story from Elko says: Greater In value In Nevada then all the gold and silver produced and tho bullion production Is estimated at nearbut ly $1000000000 areof the untouched shale from which workable deposits petroleum may be extraeted successfully Dr David T Day consulting chemist In Washington for the geological survey and a noted authority snakes this estimate Here are estimates mads by Dr Day: Four times as much oil Is to be gotten from shale In Nevada California and Colorado than was ever obtained from the flowing wells of California Oklahoma and Pennsylvania Nevada's shale Is of a better quality than that of Scotland and Wales Shale In Nevada is a virgin resource which has been made workable by A G Crane of Wlnnemucca who was refrom the Nevada state cently pardoned prison on the recommendation of Dr Day because of his discovery of a proceis to reduce the rock Construc-on tion of a plant costing $25000 Crane's property near Wlnnemucca where there are large abale deposits would-morthan pay for Itself In the first year In tbe opinion of Dr Day There are large shale deposits In many parts of Nevada In Elko county the residents and prospectors are becoming greatly excited and filing rialms to large mineral deposits in the section comprise-approximatel- has taken approximately ten years to NEW YORK CURB CLOSE acquire Of the new company C W NIbley Is Bros broken IN 8 Mein street Badger is vice nlab tko following received over president Will L Ellerbeck quotation Presafternoon wires manager and yesterday private general president ton Nibley is treasurer and assistant manager T R Ellerbeck Is secretary Alta Cos-The above named officials together Cot with Joel Nibley constitute the direc-at Oopmnea Em Copw torate The company is capitalized Ooa Ely Bios $500000 fully paid I the company Mlf “It lz understood that Cop as organized while of considerable mo- liagma Her forerunRay ment Is after all merely the Stewart ner of a much larger Industrial activity Too Mag view of the gencontemplated and In Individuals Interthe of eral standing In ested and their past performances Industrial Ilfs It may be easily concluded that the project has been carefully considered In all details and that an be confidently unnsual success may one of the offilooked for” declared cials yesterday of claims and developing GRANITE BLOCKS According to figures reported to G tlielr F Loughlin of the United States geological survey department of the interior there were sold in 1916 44795-79- 6 granite paving blocks valued at $2296486 a decrease of nearly 7 per cent In quantity and' of nearly S per eent In value compared with the figures for 1915 The average price per 1000 however Increased from $4665 to $5109 Four of the eighteen producNew Hampshire ing etates MarylandWisconsin showed North Carolina and Incresse In quantity and value of sales - Investors Wanting a GoodThing Wyoming Oil Fields Are Big With Boom That Will Pay Dividends W H Child local broker wires from Casper that that section of the oil He fields is certainly on the boom says that the stock in meritorious propositions is being snapped up new new wells people are coming In and announced every day or so All that of csntral Wyoming la big with part boom Mr Child expects to remain a week In Wyoming looking over the situation Will do well to Investigate the proposition of the OURAT TONSOUDATED Ironton MINING A' REDUCTION CO who ere now building a millofatrenowned Colo for treating the ores of the 81 mines In that vicinity eXCeThfCmIH Is nearing completion The stock Is now selling at 10 cents when the mill starts grindbut will soon be Increased In price per share to 25 cent an ers ha re pro bablybe The next advance will on ing fftock the INSTALLMENT PLAN can be purchased of the company with Tho BL Crawford the president and treasurer of Denver Cef 8 Thomas of such references as the First Nationalbanlc Justice of the state of Colorado Wm H Garbett ex-xover- nor ex-chi- names we can supply court of Colorado and others whose“If the supreme head he and you have time come says: this company of the at what we are standsee we wW If you haven’t time offer you and and doing to examnlne personally take the word of an honest man and invest In m Remember you can have your money back with Interest by giving returned notice of your desire to haveweIt are manufacturing a raw product of little We are not wlldcattlng or no value Into something the world needs and is very valuable Call' and see us or write Sot particulars BOSTON CURB CLOSE Bsdfer Brea broken 110 S Mela street for nleh too following quotations received over tneh private wires yesterday afternoon So Utah 100 Bid Tri" lik 20 M F WHITMAN & CO Agents 401 Park 2700 41& JlSlPm lttW1 17 E Bntte jllTS N Bntte 157 11000 Tnolnmne I 1874 lM j iD U Ohio Cop 1 Apex 2S West 81241 Phene Balldlag Beyd Salt Lake City Waau SSL (Ageats WaateA) 2874 Petroleum Company Cacper Embar Samuel Newhouse President -- ' i DURING YEAR Shale haa beeq by far the principal topic of conversation among mining men In many parts of Nevada last three weeks It being during the pointed out that there are fortunes as large as Rockefeller's lying In tbe ground and awaiting only the staking Colonel 1916 Below Is a list of the states together with their gold production during the year 1916: - Gold Capital stock $1000000 All common stock $500000 stock in treasury of company to be used for operating purposes $200000 has been provided for and will be used in drilling and operating purposes We understand the company has retained Sid J Keoughan one of the most successful and widely known oil drillers in Wyoming and that he will have direct charge of all drilling of the company wells leases in the great Powder River are now controlled by the Over 5000 acres of choice oil-gCasper-Emba- r Petroleum company success and experience are in charge of the company's affairs and strong Men of nation-wid- e interests in New York Denver and Salt Lake City and at other points throughout the country are financially interested in the proposition In view of the immense holdings in this wonderful new fidd and the strong interests behind we look on this proposition as one of the very best in this great field issue the We understand the details are being worked out for an aggressive and extensive development campaign to be commenced at an early date The stock will be listed wJ We are accepting subscriptions to the treasury offering of this company at the price of as - - at 13 at 9137ft 1000 at - ' - Dem & Thomas Newhouse Bnllding ' r W H Child & Co Mining Exchange Bnllding Salt Lake- City o Galt Lako i - Evans-Morris-Whitn- Badger Bros liain Street 160 Salt Lake City Balt Lake City - 3 A Ciloglo & 17c per share We urge orders to be sent ns immediately The first Issue of these bonds have a broad' public market and are now sellpar Anyone desiring to dising above and get the propose of these bonds ceeds immediately can do so upon pay- ment cf a very small commission to subscribe Anyone wishing new 4 par cent issue at par canfordo the so us without any charge therethrough fore Ogdon by-produ- cts - 190- 200 1000 de i 5'--- ' 100 It is gradually dawning upon tha country that Utah Is blessed with vast stretches of lime shale holding millions ells of dollars worth of high-graof with their numerous Cometc oils gasoline lubricating panies now are forming with a view to -- SHIPPING IN GOLD BBICKS WORTH $500 GOLD Over Various Parts of State May Be Retorted Vast-Stretche- s - 1 According to reports of stockholders the Xynn Big Six mill near Carlin is these days operating pretty regularly A short time ago a gold bar carryto $500 was shipped Into the ing $400 that' a Salt Lake officials It is said in the second brick will he shipped coming week ' This Is expected to be considerably bigger From Provo came word yesterday that amended actides of Incorporation of the Iron King Consolidated Mining company have been filed with the county clerk The capital stock la increased from 1000000 shares to 2000000 shares of the par value of $1 each Of this 3000000 shares hits been subscribed and taken by the original Incorporators and other stockholders and the balance will be placed In the treasury to be disposed of by the board of directors for the purpose of creating a working fund and etc additional The acquiring amended articles are property' certified by G XL Loose president and Preston G Peterson secretary ' At the Iron King property 'In the eastern end of the district the work of cutting out a large station on the tunnel level where the engine Is to be installed is practically completed This engine operated by air from the company's compressor will be used in sinkthe first few hundred feet of the ing Iron' King’s new working shaft but before the sinking is started a portion of the raise which furnishes an opening through to the surface from the tunnel is to be enlarged and ret! inhered Officials of the Iron King are fast getting everything in readlnesa for the extensive campaign of work which he to be taken up there The management intends to thoroughly prospect the ground at a depth of several hundred Confidence In the general business outlook is evidenced by the launching of a big lime burning and lime hyrdat-in- g " plant at Timpie approximately thirty-fiv- e miles west of Salt Lake City on the line of the Western Pacific railway on properties which have been known for a pumber of years as the Ellerbeck quarries and which have been pronounced by some of the best mineral earth experts of the country as perhaps having no equal in the United States excepting possibly in what Is known as the White Rock district of Ohio where many plants similar to the one to be erected here are operative The new incorporationcom-la called the 'Utah ‘Lime & Stone pany The Western Paciflo railway is prothe jecting four miles of trackage Intohave various properties and plana a batpractically been completed for — or ten three of lime kilns patent tery four of which will be Immediately installed —together with all machinery feet items hydrators crushers pulverizers AN FRANCISCO QUOTATIONS tube mills etc normally Incident to the Bros Brokers ICO 8 Kill street Air equipment of a lime hydrating plant B6sr The Utah project is said to be forti- slsh following quotations received over tbelr fied in an extraordinary way in that It private wires yesterday Bid j Ask? Bid Aik has immense deposits of high calcium lime of exceptional purity and having making extraordinary physical quality it particularly adaptable for smelting flux rock and sugar refining rock as well as for lime burning and hydrating for masonry and bnllding purposes The company owns In the same locality but well segregated Immense deposits of dolomite or high magnesium lime also Ideally suited for masons’ lime and finishing hydrate for plastic purposes as well as for many uses In the chemical Industries Normally manufacturers are limited to one class of lime but the new Utah Industry will be particu-to in being able larly well fortified supply either or both The new company’s holdings 2000 acres of land patented which It LYNN BIG SIX IS Victor Con 950 at Whirlwind 500 at 9 Wilbert 1000 at 28 Walker M 400 at Utah Lime & Stone Company to Open Immense Holdings at Timpie - record-breakin- - WEST SALT LAKE lDla)Elill¥V-3- s 946-94-7 Private ‘Wires to All hffirkets - Manager J W Owen of the Divining Rod' Mining' company waa down from American Fork district yesterday awith a sack full of big samples of rich lead-silvana some high-grad- e copper ore taken from' the tunnel which la being pushed into the' mountain The property la In Deer Creek and covers six unpatented claims next to the Wasatch Range In the latter some rich ore was recently struck The tunnel is In 400 feet and cut two feet ore in a vein of high grade lead-silvnine feet wide Two men fre now working and a ' blower has just been sent up as the air Is getting bad at the face Mr Owen says that in the Divining Rod tunnel about 200 feet they struck a shoot of ore carrying 7 per cent copper The vein was eight feet wide and picked samples of the chalcopyrlte run high 250 feet another fls At a point-isure was cut showing two feet of good ore Assays made grade silver-lea- d twenty-two ounces silgave returns of ver 50 per cent lead and 4 per cent copper is Mr Owen’a report The present work is driving ahead to reach the intersection of two fissures This interesting point Is anticipated in fifty feet or so The main values in 'this ground are found In a contact between the limestone and quartzite same In the vicinity H W Owen a well known Salt Lake mining man is breaking ore in the North Star The Milk Maid adjoining la an old producer with quite a record in years gone by Totals 52394 shares: value $1684487 Week’s totals 464865 shares! value Month's totals 1930822 912168662 shares value $47166054 BROKERS If er 16ft BROTHERS 106 Main Street—Phones ' v - BROKER Stock Exchange Bldg BADGER Has Cut Two Veins Showing High Values in Lead Silver1 Copper - Tf you want prompt efficient and honest service when buying or" selling mining stocks call up R & COLS who can give you the benefit of nineteen years’ experience P &— I have a limited number of Embar Petroleum Co shares of17Casper stock at ft cent per share while they ’ NEAR OBJECTIVE 360-fo- Reported in Ore 184 DIVINING ROD CONTAIN WEALTH ITS CAPITAL STOCK -- er Silvers Remarkable Showing These Days Cars - - 5 34 Vt917 The September s i were as follows: ' Dragon Consolidated Chief Consolidated ' Iron Blossom Centennial-Eurek- a ' Colorado Consolidated Grand Centml Mammoth Tintic Standard Gold Chain Victoria Gemini Empire A3Ilnes Blue Bell Eagle Scranton Swansea Consolidated r Minnie Moore lease Victor Consolidated Bullion Beck Xew Bullion Valley 'Ridge lease Sharp Opohongo Consolidated ‘Utah ‘ Eureka Hill 'Tankee Consolidated Uncle Sam Sioux Consolidated Laclede lease Governor lease Showers lease Sunbeam lease -- 1 Reports from Alta are that the entire train of the Little Cottonwood Transportation company Jumped the track one day the past week and was in the ditch the last word from there The train was coming down from Tanners Flat loaded with Mlchigan-Uta- h ore It la said 'that half a dozen cars went over on one of the sharp curves The Salt Lake A Alta railroad it is reported was also off ' the track two days during the week The rails had spread and let the engine through These accidents again put a damper on the shipments of ore from camp However some of the mines are depending on straight team hauling and they are not affected by the railroads others are using teams and tractors at nearly $8000000 or at the rate of about $72000000 a year Bingham leads' with upwards of 1130000 tons Tlntlo comes next with 80000 and ’ Park City thirdwith 10000 tons With all condltlons favoring these figures could readily bo largely increased ed k Washington of a permanent bureau which repreaents coal and mineral Industries of all atates where mining is a resource This bureau in charge of James F Callbreath formerly a mining lawyer In Denver and for years the general secretary of the congress comSecretary' Callbreath haa Just pleted a trip through several western states mapping out a plan for a big In Colorado campaign cf expansion several leaders Indorsed the enlarged work In California the Oil Producers' association has begun a campaign for 500 memberships and the establishment of an oil section which will eventually take in all oil sections of the United States The western campaign of organization will be in charge of JohnT Burns appointed western secretary of the congress and who will at once begin the organization of state chapters as well sectional chapters of the conin every state west of the Misgress souri river He was organizer of the Colorado State Commercial association the pioneer state commercial body In the mountain states and later and for six years having been the executive secretary of the International Dry Farming congress Hundreds of the mining men of the west are already back of the American Mining congress movement but theso will be multiplied and an endeavor will be made to complete state chapters and hold state conventions in every mining state Utah and Arizona are already organized under the new pl&n Colorado will orWalter ganize early next month Douglas of Arizona is president of the - ” ' s - Business on' the ' local : mining exchange in September totaled 1980822 shares valued at 947166054 compared with 3928581 in July or a decrease of 9457000The week just ended totaled 3121686 compared with ” 9131000 the previous week or a decrease of $10000 The month generally has been full of slumps with very little to recommend it1 It has been practically a “professional” market with the best buying element more or less hanging ' back awaiting' the psychological moment when the anticipated rise starts in they to get in then and buy on the upmovement ward Columbus-Rexal- lthe feature of the week wound up Just where it opened In the interim- however it at fell to $1 at which point 2500 shares exchanged hands Anticipating a still lower mark some of the “bears’ are said to have failed to get In and cover at this break and are now trembling in their boots with the thought that Rex-a- ll is in for another spectacular rise and they may get squeezed Several issues turned more or less insomersaults during the past teresting week Zuma‘for Instance leaped up to 17 cents one day dived to 10 second day16ftafter and yesterday hopped back to dashed up cents' Mlchigan-Uta- h from 23 cents-t27 and back to 241 yesterday Prince84 has been playing around between and 95 cents Sales yesterday totaled 52894 shares valued at 31684487 for the week' 464-8shares valued at 912168662 and thermonth 1980822 shares at The official closing quotations and sales were reported as follows: 91-2- ' - 464865 Shares Valued at $121686 4 Carrying About 35 Tons of Ore and Six Cars Topple Over ' - - Three Utah mining camps are today ’producing at the rate of approximately 1200000 tons of ore a month This output is estimat- Was Amounted to 365000 Tons Week’s Totals Amount to of Ore From Half Hun- - UTAH’S SHALES ALTA ORE TRAIN ey Co Mining Exchange Building Salt Lake City Ralph A Badger & Co 32 Main Street j Salt Lake City ' : |