| Show U I MINES AND MINING STOCK s. s GRAND GRANO CENTRAL COPPER ON 2400 F High Grade Used for Sweetening Sweeten Sweeten- ing Purposes Large Weekly Output Copper ore running from 20 to 30 per cent 1 Is now being mined on the 2400 2 level of ot the tho Grand Central This love 1001 Is junt above the water ater and according 10 W W. D. D Loose the tho assistant manager of or tho the property It can cnn be bo d depended upon for tor a very cr good tonnage This grade high copper i IB Is being mixed in with somo some of or the lower grade ore from the tho level above abo and this sweetening up process results in a better general av av- av C i Conditions are quite Quito encouraging ing throughout the mine and no difficulty dif difficulty dif dif- Is experienced In maintaining an nn output of or from ten to car carp a week weel S says 6 the Eureka nep Reporter Early In Iii October a ten da days days' 8 shutdown shutdown shutdown shut shut- down will vIII be In order that Hew flew timbers ma may bo ho put In the upper upper portion o of the shaft Mr Loose states that the the- are now getting ready read for tor this Job jab and ho hn feels confident conI- conI dent dent that the repairs can bo be made In Int t Un ten n or twelve dat The shaft haft will bo be I practically practical between the and nd the surface It may be bo that tl UllIs this Ull I is one of ot tho the preliminary st stops steps ps toward 1 the sinking or of the shaft to the water level le a u as It has bueu beu previously announce announced announced an an- that this work would be taken up tip during the coming winter I OHIO COPPER MINES 2500 TONS A DAY Ohio Copper continues to mine and nil mill mUl a. a tonnage dally daily of ot about bout 2500 tons No Information has yet et reached local stockholders a as to the result of the which was booked to be beh beheM beheld h heM held In Now York last week to which v General Manager Al Frank had been summoned Mr ir Frank Is expected home Tuesday or Wednesday next At this meeting It bR has been broadly hinted hinted hint hint- ed d that there thore might be bo a red-hot red clash between tho the Allison and forces which Would line Une up in battle royal roal for tor control PRINCE SHIPPING TONS A MONTH It was stated yesterday b by ono of ot the heavy bean stockholders that the Prince Consolidated Is now shipping at the rate of at about tons a day dar Tho The minimum of ot the Iron ores to the plant Is tons a month and the maxImum maxImum maximum max max- about 1500 added to that Whoa When the tho ores and md the tailings were moving moving- the dally daily tonnage shipped hipped north would aggregate about tons or over o tons a month A recent statement published shows t that the general net profits for tor these ores is somewhere around Jl 1 I a a. ton CEDAR EXTENSION I r LEVI LEVIES ES ASSESSMENT ENT Directors of or the Cedar Codar Extension m met t on Friday and levied led assessment o o o. o 2 This calls calla for J j G cent a share delinquent ent day Y is October 30 sale Osy dy November No r 17 This property ad- ad the thc Talisman Cedar of ot Beaver county on the south It has hae two hl each about 15 feet teet d deep ep Some re ji was waa developed and shipped years cars LN i. i There Is Js said sard to be sufficient lrI I performed on the tho group to patent nil l the claim claims SOUTH HECLA IS v PUSHING OPERATIONS It is expected that the South Hecla's new hc working raise from tho the Dw Dwyer er level el to with oKo No 1 from which v. abo about t tons tonn of ot ore has 1 been een extracted during tho the past summer will break bieak through toda today and that tho thoraise thoraise thoraise raise will be he in working order in a aday aday eta day or so o afterwards ards This will greatly great great- I ly expedite the handling of ot ores The Tho face of or the drift making out under the theold theold old Wedge shaft is reported to be im- im J may get the ore shoot at any uy time now INCREASED SALES DURING WEEK T Two VO Park City Silver Kings Make the Most ost Notable Gains was wu tb the tLe increase n of lr ftc tte total of ot on the l local at n of or th s past put six elx day I n compared with tho the preceding m TIek Not ot only that but a number of or the popular Issues II made maile substantial gains during that brief brier 1 pe pe- pe Silver King Consolidated advanced over 16 15 points In tho Urn week Kin Coalition has bus risen CO o points mod Black Jck has bas gained moro noro than a point and Bod Wilbert rt 3 I points while omo some gains ha b been n m made do In curb cur Sales yesterday were vere t with no particular lar leaders leaden On curb Alta Alt was wu stronger stroner no lO doubt Ilu due lue to Improvement In lii the east drift ftc total sales eales for tor the Ule day y came cameto cameto to MOO lOO shares 11 Rt t 4 for tor the week Lt shares re valued at It US 2 rb The closing quotations yesterday ay were t as nR follows I Bill Bid tL I A AtUl I hid Uld I IBeck Ant B Beck k Tun run 0 06 00 I Lit 1 04 Ct fling Bine hll Anal Amal c OS Ot HI mull III EO CO 05 B Bl DI Jack 10 11 Xe New York York- On 10 Carisa CArin 11 11 Olio Ohio Op 01 11 DO l Cell Tat Tal 01 On 0 0 02 03 Century 10 l D D. D OO Ml t tO O lo fla nn 11 hp M. M OO OOS 01 Cl Col Con 10 Pih t P. P Idaho M Con Ier 04 4 C Cr Point OO 02 OI 01 Con ConRed bO Z 25 M I Daly Dalf loOZ Red War SO 50 00 Dal Daly J Z 6 CO Ruall CO con D n 18 R. R t O. O Pt IS 16 Emerald OO Sec S Ser Trou True 01 01 OH Gen Gee Thos S. S K CIu Clu 3 75 D Gold Geld 0 1111 S. S K Con Oon 10 IM loW CO Gr Or 45 S 1 SI an 10 10 led Ind Qun Qua OO 00 IS Sioux O 0 o. o 01 0 03 I Iron run kilos Bios 1 S. S IT Ir mOt nio Io Iron lUng King 01 Swan Sn Srun C. C 01 Oli KIng Woo Wm 05 S i Tin Cent 00 01 Lead Load King 03 Tin limb mb 01 01 01 lAb Lehl Tin 01 01 Un Cn Tin Tin OO 00 li 1 Lion lon Hill fill cou et ei 01 Unc S Sam m 03 i COM CaLIon G Lion Hill Bill 00 OOH Utah Utah On JOG co 02 Lit Ut Bell 50 w 0 Un Oh OM OI 01 I. I 00 92 2 2 Vie Vic Con 04 0 Mas grove 11 Via Ia Con en 45 4 4 44 1 Mas I s Val Va ValMay 0 00 11 11 May fay Ia Day Day C 1 VI 07 Yank O n nA 09 i MIn Mm Flat O 02 02 A Addic dlo Con 10 I Bid BId I As' As Ask Con W. W i W. W 1 Co tb Sr S JF 60 lila In au States t o s Tel Te 4 Tel 1 70 1 W ili Some 76 7 77 z C. C f I. I 10 American n Fuel Fel 10 19 Castle Valley Coal 75 Cute 11 Valley 1 Cl Coal IM 1 home Hom 10 United nome home Building 10 11 IIi Beneficial Life Life O Continental Ite IJU ntA 1 1 1500 r 1570 carnu Life Lio 14 1450 1100 Iro YESTERDAYS YESTERDAY'S BALES SAIES Beck Tunnel 70 at nt Cc C. C Black Back Jack 60 60 nt lOc IC to at aV at 10 C Loter Mammoth mot 10 1000 a at t ic c. c loc Metals I tD 18 1 10 U ut t c. c Union Chief CId 1 1000 at I 1 e. e Wilbert COO tO 00 at A lie Uc 50 nt at IO c. c OPEN BOARD Pioche Demijohn n. n 1000 lOo at nt c. c Wilbert Wibert E. E t at l c. c Shuts Shares sold Id 50 selling yams valno i 1 Shires Shares sold old 1 1 11 mine valne UNLISTED STOCKS Business In the te curb urb Is issues for tho week was wu lighter than in a a. I Ln long lone time but bat toward tol the te end sales ules fn to Ibo show Increased with wih Alta It O Consolidated l commanding a a. a better beter Yesterday this lame Issue hse told sold COO 00 r at 10 lOVi and nd 11 U 1 cents with wt no other isle s. It The closing curb quotations 1 yesterday It Ic were rere wr at as follows Quin 22 CS lilee Mg Alto Cun 10 Im Utah Mines 10 S 23 B. B C Stil 34 S GeL Ext EAGLE BLUE BEll EBELL j PRESIDENT TALKS Returning to his homo home in Boston after a thorough Inspection of or tho the various various va va- va- va rious rlou Utah properties of at the Bingham Mines compa company President James P. P Graves gave out tho the following interview interview inter Inter- view viet which took up only the Eagle agle Blue Bell Bel end of ot the controlled prop prop- Tho month of ot August waa wae wn b by far I Ithe the best month In the history of ot the I property tho the smelter returns on fifty fifty- 1 three cars cars of or ore oro shipped amounting i ito to One car of ot ore oro taken from tram the te foot level leol contained 87 81 tons tons' of at i lead which assayed 1 per cent cent lead and 24 ounces 0 ot of silver to the tho ton and I brought The smelter returns for tor July and August Aust combined on ore arc taken entirely from the foot l level lel el exceed Tho net not profits prots for tor August were about out compared with about About In ul July making total tota net earnIngs earn earn- oarn- oarn ings for tor the first seven eoven months of ot the tho present calendar year ear about With a of ot present favorable favor favor- tavor ablo able conditions tho the net earnings earninGs forthe for tor forthe the entire year ear should approximate a a record for tor tho tIle property In I addition to operating on the foot level leeI wo are ae also mining tho the dry ore are in other words gold old and silver sIver ore from tom tho 1200 1300 40 1340 and nd 1330 1350 levels levela The Te sunk from the 1350 foot toot level which is Ie now tho the lowest level in the tho mine mines has now reached a depth of at uS lS feet teet encountering oro ore at at depths of 71 71 and feet teet below thol O level and is la isnow now now bottomed in ore are Tho The showing showing- in tho the Is 18 so sot t favorable that the management has decided immediately to sink pink the shaft sar 10 feet further to to the foot 1600 level I MINING EVENTS OF WEEK Montreal of Beaver Bearer or ordered ered closed on account of ot death in Scotland of a a s. s di dl- dl rector Dry canyon at Stockton more active than for tor twenty-five twenty years yet Yankee exploring big cave below tho the bottom of ot foot 2000 shaft Knight mill mi at nearly ready redy to operate Utah Utah- Wyoming Utah Oil 01 resuming work in Big Horn Hor Old Od Ontario of ot Park City enjoying big bI strike Park City CIt weekly weely ore shipments 1194 tons valued at lU Utah Uth Metal fetal gets fine tine silver lead ore ora In great geat foot toot tunneL tunnel Freo Free Freo Wire Gold meets cash cah p payment and and resumes developments development Eleven tons Utah Uta ore brings b 1107 iron from New Now Haven Bin Haven BIngham hm distributes 10 cent dividend or Leonora of ot Beaver will sink to lovel level wil Tintic shipments for tor week cars ore are valued at Dt caB Thompson Quincy Is improving South Uth Utah cl calls annual meeting Emerald of Tintic has haa 7 n 7 ore on level I M I M M M t i M M M t. i M H t M M M ORES OnES AND BULLION 4 4 4 4 9 Smelter settlements yesterday 4 4 reported b by Co Z 4 Ore received bullion f shipped bullon- bullon I Weeks Week's totals Oro Ore U r 1000 4 bullion 4 Silver cr was quoted at a lic copper cop cop- 4 Per per cathodes 4 lead 15 4 t tt c Al ALTA T A CON ISSUES FIRST FIRS REPORT Shows Mine Paid For and Total Debt of the Sum of Alta AHa Consolidated stockholders arc toa today In receipt o of the first statement I sent out h by the company since its is formation torm for tor- m mation matlon ton about t two o years ears ago aso The state state- ment shows the tho company compan with Ith Us its Is all al paid up and d a. a J total debt of ot only 2 S. S This Is an excellent showIng showing showing show show- ing considering tile the fact tact that in that brief brier period tho the management has hRS paid nearly for tor the property and has performed over foot of or development develop develop- ment work and has opened up bodies of ot oro ore in half halt a dozen places During tho the time timo at least in oro ore has boon taken out and sold sol which brought tho company compan not returns of With Ith the financial statement is 15 aletter a aletter letter from General Manager Tony rony Jacobson Jacobson Ja- Ja relative to the meeting to beheld be bo I held on i October 10 in which the stockholders stock stock- holders will wIl be asked o 0 vote voto to Increase O Otho the tho capital stock stacIe from to shares the additional shares togo togo to togo go Into tho treasury for tor financing new development work contemplated on amore a amore more elaborate scale The financial statement Is as 15 folI follows tollos tollo's fol tol- fol- fol I lows los owe statement of or operations from rom Au August ut utI 1 I 1911 to September 2 1 1 Cash r receipts T Treasury stock stok sales J Crude ore or rule 3 ael or or sales sale a oW r Hoarding hoo o receipts SSi Hospital f fees cI 1 5 S Money Moner borrowed on notes and ad accounts nota 16 Other sources ul sale of ot sup sup- Oter plies piles ftc etc tc Overdraft at bank Z ZUS S l J 4 C C Cab b disbursements l bur m Dh Title Tte and nd cash cul OSiSS Buildings and nd 30 I Mining machinery O. O j Paid to tn leser-c leser 1 ItUIM ILI PAll Paid laid on on accounts Hospital Ices fees Ore hauling 60 Inter Interest t Boarding lou house o 10 Pay rolls role General mining expenses supplies engineering ra expenses ex n. s. s taxes tuu etc lS 11 Liabilities Capital block stok 3 Notes payable Accounts payable parable lOt Bills Bils not paki C 12 Overdraft nt at lt 1111 bank Unk 14 Assets leu Mines n s plant Title Tie And ground lound Treasury st stock k ll 61 0 Furniture office aud board board- Ing house hous hoe Mining machinery cg ln Building and on an band bane 0 Accounts receivable 1459 Profits Profit and l bra s Ac Actual td tAa t Notes payable tt f Accounts Account payable i x Bills not paid pad at bank G n Ls LI accounts l Total ToW indebtedness s t. t S 1 n Note As Note As a credit to to the abOe J d the to company baa bis In transit ore to the Iho raise alne of or U 1000 C. C Accompanying ing the tho financial report Is Isa Isa isa a statement b by Secretary Val S. S Snow from taken which the following toJo extracts are Secretary's Statement Tho notice of ot th the special stockholders stockholders' stockholders stockholders' stock stock- holders' holders meeting calls cals for the tho meeting for the tile purpose of increasing the tho number of or shares of the corporation from to and placing the Increase o of In the treasury The Tho directors have a prospective sale for forthe the tile Increased stock which will wi pa pay oft off at the indebtedness of or the tile company amounting to now past due and wM h our hankers bankers have asked us to liquidate and permit the Installation ton tion of at heavier machinery for the purpose purpose purpose pur pur- pose o of carrying on mining operations on a a larger scale than heretofore Since the thc commencement of or operations opera opera- tons the tho company has done droo feet teet of work worl as follows follows- Tunnels and drifts 2345 t fj fiet et raises 78 feet and shafts feet teet In performing this work there was extracted 2462 tons Ions dr dry weight of at ore Ole for or which the company company com corn pany received ed Most of at this ore was taken from the thc Brooklyn fis fissure ts- ts sure on and above the tunnel lovel level The grade grado of or a a considerable portion of at the tho shipments during the past Bummer summer sum sum- summer mer was as disappointing to the tho management manage manage- ment mont but durin during tho the past month It has increased very and the company is mining ore at the present time of or a fair commercial grade most of or which is coming from a n be ber ing Ing sunk on Oil u u quartz bed feet teet above the tunnel level level At the present time timo there Is three feet of ot ore in the bottom of oC the tho and going off or both ways from which we are aro getting from no to seven cars per da day The are oro boa body dips to the north and I Ito Is Isto Isto to the east of or a fault which cut off our ore are In the upper workings The Tile vinze Is no now down 35 feet teet and tho the ore will wil be followed down until It I is reasonably reasonably rea rea- certain that It Is continuous when a drift will wi be bc urn run to catch It on tho the tunnel level The management la Ls lavery L ver very encouraged o |
