Newspaper Page Text
H THE SALT L'AKE TRIBUNE, SATURDAY MORNING, NOVEMBER 16, 1912. I
H 1 . . . , . " " ' " - " jfl
I SONS OF WILLI!
'Operating' Properties Left by
Their Father in Pioche .
Mining Camp. .
SOON START SHIPPING
Virginia-Louise Claim Holds
Extension of the Prince
At the time of the recent death of William
X.Ioyd, onn of the best known of the
many Pioche mining operators, araons
his moat cherished possessions was the
Virglnla-'LouIpe claim, adjoining the
Prince Consolidated property. Mr. Jjloyd
throughout his many, years in charge of
the Prince mlno found enough lo convince
him thul thla Virginia -L.ouIkc claim held
the continuation of the Prince resources,
and his pons, Alex and Daniel Lloyd, re
cently took up the work of opening this j
,. , These hoys were visitors to Sail. Ialto j
1 !: ; City on Friday and Superintendent Daniel I
2 s)M J-Ioyd elated that, tho Virginia -ionise
ih shaft was now .T.I1 feet In depth. This
Jan shaft has been in ore for the paal 160
Stfi ic&t nl the, bottom continues In ore.
gNj as does likewise a drift being driven at
fait that depth. This ore occurs in a bedded
deposit and all Indications point lo it
K f ! being no less than -00 foot in width.
sa l This Is unquestionably tho continuation
ITkJ J of the Prince Consolidated ore. although'
M i the valtiQS nrc somowhat higher, aver-
mil'j alng about $12 per ton.
Hfw Tho ownern" of thn property ar. pro-
Iflsjj'j ji paring to place tho Virginia-Louise upon'
liluJ) Producing" basis at the earliest possible
lERir hour, nnd from 100 to L'OO tons daily "Will
tdisS bti -h rAle maintained. The owners are1
SfV positive that thev will make a splendid
imm record with thin proposition. The claim
iHf,7. in -150 feet in width by 1500 feet in length,
Mil and while limited as to area there is
lin ample ground available to produce a
(41 Husky fortune,
fffjl Alex Lloyd la (he general manager of
4i the Standard Miner) Leasing company.
i2j which holds a two and one-half years'
m lease on tho Chief gold property near
Mi Pioche. Thero Is a mill on this group and
FJQ new cyanide tanks are being Installed.
m 'o that active milling' operations will be
W started an soon as the weather condl-
IKi ilons penult, which should bo by March 1,
m); Mr. Llovd states that the Chief ores
lit in developed form measure 10,000 ton.
m wilh the chances for silll further ex-
m tending this tonnage extremely favora-
H "ile. tho average value of the ore being
Ml 57.50 per ton. -
m The scores of Utah friends of Ihe late
m William Lloyd will be glad to get a line
pg on the work being dona by his boys on
iffl the extensive properties left by him. They
M appear to Inherit his faculty for finding
, Hi ire and there wero few better In Xc-
ugl vada. for this than their father.
II GIROUX GETS BACK
M TO ITS OLD STRIDE
y The Boston Financial Xowa says that
11 vl w',n the settlement of the strike at Ely.
Still! rs'ev., operations have been resumed by
n'iffl tho GIroux Consolidated Mines company,
Pi si nn(i 11,0 management expects that by the
ft 15 middle of the month the company will
ifi II have an output at tho rate of l.OOO.nif-
mJw- pounds of copper a month, which was the
Pel September production. By the opening
ilm of 3913. it is hoped to be producing at
HffU i lie rate of 15,000,000 pounds a year.
Tn "May tho company began shipment
to the Nevada Consolidated's Stcploe
smelter, and to the end of .September had
shipped 115.S2& tons of ore. which yielded
2,SS6,G32 pounds of copper. In May and
.lunc 600,324 pounds wero produced. 505,
5""f pounds being turned out in July,
74,S41 pounds In August, and 1.005.20S
pounds in September. Tho average cop
per content increased from 1.82 per cent
in May and Juno to 2.2S per cent in Sep
tember. The ores shipped were extract cil from
'he Morris and Bunker Hill mines of the
GIroux. and the properties are furnishing
the shipments now going forward. i
I ALTA CON. LOOKS I
BETTER THAN EVER
K. C. "Davlcs of William 11. Child &
Co., lias returned from a visit to tho
Alta. Consolidated property. During the
past year Mr. Davies has visited this
mine several times, and he stales that
tho property wa3 never at. a more satis
factory stage than at the present time,
and It never gave greater promise of
making a big and deep producer.
This condition Is due to the success
of the management working out vari
ous geological problemn that confronted
It, and so many fissures bearing ore
are being laid bare that it Is only a
question of a very short time until the
proposition is demonstrated beyond,
doubt. Mr. Davics saw at least four
good faces of shipping grade ore, the
raise on tho Brooklyn fissure especially
being of especial Interest and impor
tance. The Brooklyn raise has proceeded for
sixty feet on ore. tho face now show
ing four feet of SID rock. The man
agement Is planning to drift to the west
on tills vein to find tho intersection be
tween it and the King fissure, where In
all logic a splendid body of ore is to he
The Utah Ore' Sampling company on
Friday released 7 cars of ore from Utah
nnd 3 cars from Colorado camps.
llM "I am the crankiest man in
lli'j town when it comes to getting
III5 the kind of coal I want," said
fell a man who lives on Third ave-
jjjjrc mie, as he stepped into-our
$$5 offioe the other day. We
Mg$ pleased him. That is the kind
KBI of customers that ccme to us
Hgj for satisfaction.
m FISCHER -KITTLE
H COAL CO.
m "This is the Place."
Wj Office 277 S. Main St.
If STOCKS, BONDS, GRAINS,
H PROVISIONS, COTTON.
H James A. Pollock & Co.
BANKERS AND BROKERS.
HE 883.335 South Main Street (Felt Bid?.),
EH Salt Lak City.
Hj direct Private IVlr to all Market.
jBjjl Duplex System- Ono Relay to Nutv To.-
liflw Corrcspondnntn Members ail Exchanges
gfl Stock Carried on Liberal Margins.
Bin figKL&UaU la Mountain States Xelephon
Wff 4 Talcsrspb.
MERGER. TITLES I
Litigation Ended in Favor of
Company Clears Away
Utah shareholder of the Merpcr
Mines company of Golrtfiehl will be in
terested to learn that the litlgutlon that
threatened a portion of Its estate, has
been determined In favor of tjie com
pany, thereby removing any .cloud that
may' liavo existed upon the titles to Us
acreage in the camp. The Goldileld
Tribune has tho following to say re
garding this matter: . -
On Monday the regular meeting of di
rector.1; of the Goldlleld Merger Mines
company was held In Onltl tlrl when it
was announced toy President C. O.
Whittemorc that the adverse suit, filed
some time ago agalntU the company by
two Goldllcld men, had beer. Kittled In
favor of tho Merger company and that
all litigation In any way Involving tho
company had been terminated. This suit
was Instituted at about the time of the
formation of the morget the plalnllu's
alleging that the company had failed to
perforin sufficient work on tho Potlatch
group to maintain legal title to the
ground. The company, however, had no
difficulty In convincing the court that
the work had boon properly done and
was therefore awarded judgment.
Suit was Instituted some time ago
against one of the original stockholders
of the Merger company and of Its con
stituent companies for the poscyalon of
a. large block of slock In tho Merger.
In thfs suit' It ivas sought by the plain
tiff to Include tho Merger company as a
co-defendant. The suit was tried over
a year ago before Judge Tabcr of 131ko
county, but bofore a Una! declnlon watt
announced tho controversy was settled
by the stockholder In question by the
payment of ?D000. All records have now
been purged and the Merger company Is
free of all present, or prospective litiga
tion of any nature whatever.
GRAND CENTRAL IS
FEATURE ON FRIDAY
Grand Central entered the fcattiro dl-1
vision in .earnest Friday afternoon, the
orders for tho stock coming from Provo
and Tintlc, presumably from those who
arc in a position to know property con
ditions. The mine Is reported to be In
especially line shape on the 2300-foot
level. The day altogether was a satlsfac-
lory one. tho demand for many Issues be
Sales for tho day reached tho total of
-lO.KOO shares of slock, the markot value
of which was .JC602. The following were
the closing transactions:
I Bid. IAsked.1 Sold For.
Alta Con. ..15 ,r: 5 .If, .$ .-12 ?
New Yer. .. .IS .20 I .11)
Blng. C.-St. I .10 .101
McDon. Kly .10
Tl. Run Cop. .20 .2.".
Colum. Ex..- .or. I .on
T.-Qulncv . .HO ..tl
Tlco Well.. .IH ..15 I
Kico Argen SO K
Tor. Mala. . .50 .55 I
TIntlc. Sinn 02 I
Cardiff 25 I I...
Li I ST ED STOCKS.
1 A. M. P. M.
I Did. lAskod.H Bid. Asked,
Berk Tun 5 -00 $ .11 11$ .10 !$ .12
T3ing Amai .052 .OP .052 .0!)
Black .Tack .10 .12 .10 .12
Ccd-Talls . .01 .01V .01 .01$
Century .. ,05 1 .05
Colo Min'g .173 .181 .17 .IS.
Col Con .. .13j AO .12 .30"
Con Merc . 02 .10
Or Point .023 -03 .02 .03J
Daly .. .. 1.30 l.fiO 1.25 1.R0
Daly Judge 6.00 6.25 6.50
"Eastern P .01 .02 .015 .02
E Cr Pt 00 00
E T Con 001 01
E T Dev 02 ., 01
Emerald .. .00s .06 .01 .05
Gold Chain .40 .60 .40 .45
Grand C .. .7S .31 .75 .5."
Ind Queen 01 01
Iron Bloss 1.20 1.25 1 1.2211 1.25
Iron King 05 l "I
Joe Bow ...J .001 J! .00ij
Kl'nc Wm . .OH .0?. OP. j03&
TJead King . .OH .10 II .0111 .10
"Lehl Tin -.01 J i .nOi
Lion TIlll ..I .03JI .01 I .031 .01
Little Bell .1 1 .35 .35
Low Mam .1 .05 I .06 I! .05 .053
Mammoth ..I .65 I 1.50 I I
Mas Val .'.I1 12.50 11.00 II 12.50 I 1H.00
I May Day .. .17j .IS l .17i .18
M. Flat ...! .Oli'l I .01a
Mt Lake. ...I .03il .05 1) .0jl
Nov Hills .. 1.50 ! II 1.50
New York... .0051 .00i' .004 .001
Ohio Cop ,. 1.57l 1.75 ll 1.571 l.fiO
Opohongo .. .00 I ,005'j .00ij ,09i
Ploch D .. .0S2I .10 I .08j .Ofll
Pioche Met.) .01 l .02 I' -fit .02
Pllts-Ida ,.1 .50 1 1.2o ') .50 1 1.25
Plutus ....I ,06i( .07i!( .06 I .071
Prlnco Con. I 1.70 1.75 II 1.70 1.75
iticn jvnai .uu i
Roxail .. .. ,01 .02l .01i .02
S Troughs C .26 .2S II .26 .30
S Troughs,. .01 .02 .Oii .021
S K Coal... 3.221 3.30 I 3.17J 3.30
S K Con 70 1.00 !' .70 1.00
Sioux Con . ,02i .03?!! .03 .01
So Tron"B 00i 00a
Swansea C. 1 .02? .031 .03 .03
I Tintlc C ... .01 .OIL .01- .Oli
U Tintlc .. .00 .01 .00 -00S
U Sam . .. .14 .16 ,12J .17
Utah Con .. .01 .013 .01 .013
U Chief ... .06 .06J .06 .081
Victoria C . .56 .50 .55 .58
TVllbert OSi .10 ! .09 .10
Yankee C .. .12 .20 1 .10 .20
Yer Cop OP .10 .09 .101
G Circle Cr .011
Moscow ... .30 30 .50
Cedar-Talisman. 7000 at lc.
Crown Point. 1000 at 3c.
May Day, 3500 at 171c.
; Opohongo. 1000 at 95c.
Pioche Demijohn. 1000 at 9c. '
Swansea Con.. 1000 at 31c; 1000 at 3c.
ITiiion Chief. 1000 at 61c.
ShareK sold, 16.500.
Selling value. $1025.
Cedar-Talisman. 500 at. lc.
East Crown Point. 2000 at c.
Opohongo. 1000 at 91c 100 at 10c.
Silver King Coalition, 100 at ?3.25: 400
at S3. 221.
I Shares sold, 4100. '
j Selling value, 51730.
! AFTERNOON SALES. .
New York, 1000 at lc.
Ohio Copper. 100 at SI. 60. - i
Opohongo,- 1100 at 101c. '
Sioux Con.. 5000 at 31c
Wllbert, 2000 at 93c.
Shares sold. 9200.
Selling value, $640.50.
Colorado. 1700 at 18c; 500 at 10c. .
i Crown Point. 1000 at 21c.
! Iron Blossom, 300 at 51.221. .
Opohongo, 1000 at 9'c
Swansea, 1000 at 3c; 2000 at 21c.
May Day, 500 at ISc.
Grand Central, 1000 at SOc; 100 at S3c;
1400 at Sue.
Shares sold, 10,800.
Selling value, S320C.50.
LAVVSON WAS BEARISH
ON MARKET FRIDAY
Thomas W. Law-son advertised In Bos
ton papers yesterday for folks to keep
ilt.:'e to the shore, market wise, from
now until next Tuesday, for there was
some news brewing that bid fair to hurt
He would not say what, was on the
tapis, but intimated that an adverse
happening of some sort was coming for
some railroad Issues and coal road is
PLANS TO FliUANCE !
THE EASTERN PRINCE
Voluntary Assessment Asked
by Directors Rather Than
(iarry F. Earlc, secretary of the East
ern Prince Gold &. Sliver Mining com
pany, has Issued the following .state
ment for. the benefit of the share
holders: "At a meeting, of your directors, held
November II, 1912, the matter of making
Ing the stock of your company assess
able was freely discussed. It was the
opinion of those present that suoh dras
tic action might bu detrimental to some
stockholders and should not bo acted
upon except as a last necessity and that
the stockholder n'.iould be given the
privilege of contributing toward the
further working of vmir company by
other moans than that of making it a
positively assessable company.
"The Eastern Prince owns valuable
ground In what Is considered tlu- best
part of the Pioche mineral district. For
the past year and a half this ground
has remained Idle owing to a lack of
funds to further develop It. The man
agement bellovo that with the proper
development a mine can be made In this
ground and havo decided to call tm the
stockholders to aid them by furnishing
funds for the further carrying on of
"For this purpose I he directors ha ve
decided to levy a voluntary assessment
of one-half rein per share and to Issue
to the stockholders who nv this assess
ment treasury slock In tho company on
a basis of 5 cents a share for all money
paid In bv stockholders. This assess
ment Is purely voluntary and vt at
the same lime the money to be raised
by such a iv assessment is badly needed.
Tho company Is not. In debt: but by the
Judicious use of tho amount raised In
this manner, .thp present working shaft
of the company ran bo sunk to a. depth
at which the" management believe ore
will be found, and ive ask the hearty
co-operation of the stockholders In thi
making of a mine In our territory and
the adding, at the same time; of con
siderable value to the shares which you
"This voluntary assessment becomes
delinquent December 15. 19f2. To all
who have paid the assessment of one
Imlf cent per sharf previous to that
date, stock will be issued on the ratio
above mentioned. Your management
will do their, na'l- i' U'o matter, and
with your 'co-operation the stock of
your company will not ha.vc to go on
an assessment basis: but If the share
holders do not help us In this matter
we will be obllsed to take the proper
steps to mako the company assessable.
Your directors bellcvo that they nm not
ronsorvlng your Interests liv allowing tho
ground of the company to longer remain
PUBLIC IS SHOWING
NO. GREAT INTEREST
James A. Pollock & Co.. bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon: Paine, Webbftr Sr. Co.. Boston. During
most of the session today the .local mar
kot was firm. The buying came in In a
Tido rangi vjf slocks and the offerings
were, small. Range rallied 10 58; Granny.
77: North Butte. 37; East F.yllc, 15. and
Allouez. H. Tn the last hour Amalga
mated ran oft' sharply and attempts at
profit taking in the local coppers found
almost no buying orders under tho mar
ket. The metal market is as strong as
ever and only trouble with the1 stock mar
ket is tho smallncss of the speculation
and the lack of public Interest.
Logan & Bryan, New 1'ork. "While
trading during the greater part of today's
session "was only on a moderate scale, it
was, nevertheless, apparent that some
scattered liquidation was taking place,
particularly In such specialties as Bag;
which was advanced soma time ago with
out having attracted a. sufficient volume
of outside participation to make distri
bution a profitable undertaking In tho
last hour rather aggressive aclling took
place In the active "stocks, notably cop
ppr and steel, and same, according to ad
vices circulated, being for tho account of
a prominent Boston tiporator, according
to whose expression of vIcwb tho market
is likely to have much to- contend with
within the next few days, meaning, of
course, the expected decision In the rail
road wage controversy and also in those
matters which the supreme court has had
under consideration for many months
We have stated from lime to time that
we Incline to the belief that the Incen
tive to promote a material advance in the
market was still lacking, but it Is now
our view that occurrences during the next
few dayo will probably provldo sufficient
warrant for taking a more determined
stand with regard to the immediate
course of prices and, meanwhile, wo
would suggest that the selling side not
be followed too closely, as substantial in
terests are disposed to take a more cheer
ful view of the outlook owing to the man
ner In which the foreign situation has
TO RAISE OUTPUT
The condition of the Moscow property
In Beuver county Is so satisfactory that
those knowing the proposition the best
do not hesitate to predict early and gen
erous dividends. The company Is busy
preparing tho property for production so
that a car Of ore a day can be handled
as a minimum. New hoisting works, ad
ditional boiler capacity and better road
conditions are being provided for, addi
tional teams are being secured and the
company Is not far distant from itaking
rank among the big producers of the
New York Mining Stocks.
James A. Pollock & Co., bunkers and
brokers, furnish the following, received
over their private .wlro yesterday after
noon - NEYv YORK LISTED STOCKS,
I Sales. I 1-1. I L. iCIs.
Chlno -1,000 m -ISfl -1SI
Goldfidd Con 1100 2S 2f;
Nevada Con 1.500 231 223 223
Ray Con C.S00 22S 224 22J
Tennessee Copper .. 200 Hi II -11
Miami Copper 1,200 2SS 28J 2S3
Utah Copper 2,500 CIS fiaS 032
Inspiration 200' 20 193 10i
Studcbakcr Con ! -13 42j 13
' NEW YORK CURB RANGE.
Igalcs. I H. I L. ICIs.
Olroux Con 800 -13 4t 15
Ohio Copper 100 1R 12 lg
South Utah 200 il ij
Mason Valley 500 123 123 123
Braden Copper -1,000 Ofc 0 9
Ely Con 3.100 19c 19c 19c
Nevada I-IHle 1,000 IJ 11 11
Belmont 200 9 85 SI
Alaska 9 ', S3 S3
NEW YORK CURB CLOSE.
I Bid. I Asked.
Ely Con ? .IS $ .20'
First Nat Con 2 .124 2,37i
GIroux Consolidated -1.1)24 1.75
Yukon Gold 3.00 3.25
Now Keystone 2.00 2.12J
Nlplsslng 8.37S 8.50
Ohio Copper 1.621 1.57
Ray Central 2.375
La Ros 2,15 2,55
South Utah .".0 1 .371
British Columbia Copper.. 4.50 1 1.75
Bay State Gas . ..' .15 .55
Braden ! 9.00 9.12J
Mason Valley I 12.50 ' lJI.OO
Sioux Con 1 .02 ' .01
Colorado 02 01
Iron Blossom I 1.15 I 1.20
Carlsa .05 .15
Nevada. Hills ' 1.50 I 1.55
RAY CON. REPORT
IS GOOD SHI
September Average Is Five
Thousand Tons of Copper
Steady Improvement . in Cost
of" Production Is Shown
' ' Wilh Time.
The report of the Ray Consolidated
Copper company for the third quarter of
the year has reached the west In Its en
tirely, brief excorptu of which have been
received since the report was issued a
j fev duys ago from tho Now York head
! quarters. This report follows;
First quarter. Pounds.
Average monlhly production 2,374,314
Second quarter. Pounds
May ' 3,078,85(5
Tola I .' b',952,071
Average monthly production . . . .2.9S4.025
Third quurler. Pounds.
Total : ;...9,295,S1S
Average tnoiilhlv production , ... .3,095, BOO
The tola.) production for the- first nine
months of the year was 25,370. S35 pounds.
During the past, quarter the tolal net
tonnaRc of ore treated al the mill was
429,411 tons, as compared with 374.G00
Ions for Ihc second quarter, and 301.074
for the first quarter. The total for the
nine months was 1.105.694 tons. Of the
lonnago treated during the quarter OS
per cent came from tlV territory tribu
tary lo No. 1 shaft and 32 per cenL from
the No. 2 shaft. 24 per cent of total was
produced from development work. Aver
age dally tonnage for quarter wis 5007
tons. An avorage rate of 5000 tons per
day was riwhd during quarter and
maintained during September.
The average nssav of ore treated dur
ing fiua.i'ler was 1.014S ppr rent as com
pared with 1,72 per cent for preceding
quarter. Tho lower crade of the ore.
amounting to about Ol per cent, taken
tocelher with the fact that tonnage was
still derived in large part from upper
levels of mines and thcrciw runtaincd
considerable quantities of oxldi.cd ma
terial. Is refloated in a somewhat lower
percentage of extraction applying to third
quarter than to either of previous quar
tons of iho year. Avorage extraction for
quarter was 07,020 per cent. a compared
with 09.37 per eonl for previous quarter.
Average extraction for first nine months
of tho year has been 03.35 per cent.
The tolal production of concentrates for
quarter was 25.920 tons, containing an
average oT 17.93 per cent copper. Rallo of
concentration was 10.50 tons of ore Into
one Ion of concentrates. Avorage cost per
pound of net copper produced during
quarter, after allowing for smelter deduc
tions, and after crediting 'earnings of Ray
& Gila Vallev railroad asaltist operating
costs, was 10.027 rents, as compared to
9.954 cents for preceding quarter. Avorage
cost per pound so derived for first
thrcc-quartery is 10.0(7 cenls. This cost
includes all operating and general
charges, a5 well as 124 cent." per ton
for second and third quartern, or approxi
mately 0 0 of a cent per pound on third
quarter's production, for extinguishment
of mlno development expenses.
The constant Improvement In operat
ing costs and conditions is shown by faet
that on recovery of 21. G5 pounds of cop
per per ton of ore treated for quarter
as compared to 2C.9 pounds per ton re
covery for the previous quarter, the per
pound cost of production Increased only
very slightly. The defielency of some
thing over two pounds per ton In recovery
is, of course, due to ore containing ap
proximately I wo pounds less copper per
ton than it did for Ihc previous quarter,
and at tho same lime being somewhat
more difficult to conccntrale on' account
of oxidized contents, as previously ex
plained. The financial results of operations for
ihc quarter were as follows, tho disburse
earnings of the Kay & Gila. Vallev rail
road being Included under the heading of
Direct operating profits for quar-
" tor -. $010,745
Miscellaneous income, rents, etc... 9,904
Tolal net profit 050,712
Sale Price of Metal.
The above earnings are computed on
the basis of 17.12 cents per pound for
copper, or approximately 0.5 cents per
pound less than was actually received for
copper sold during the period. The total
net earnings for the first three quarters
of the year wero 5l.-137.70R. "During en
tire nine months tho copper production
has been carried at less than the markot
price In order that the Inventory price of
copper In transit might bo brought down
to 125 cents per pound. Tho entire stock
of copper In. transit or unsold Is now car
ried at that price. At the close of the
quarter no copper due for delivery from
the refineries romalned unsold.
The sixth section or TIavden plant has
been put In operation, and the seventh
section Is now well along toward com
pletion, leaving only one to finish, and
this last one Is also partly completed, all
the materia and apparatus required for It
being on the ground-
Tho power plant and all other acces
sories are completed, with the exception
of unimportant details, and on the whole
the additional expenditures nocossary to
finish entire plant will be comparatively
At mines Installation of new compressor
at No. 1 shaft has been completed and
plant at that shaft Is now finished. Plant
on No. 2 shaft Is complete, with excep
tion of installing of additional crusher
and set of rolls In coarse crushing plant
at that point. The surface mproemouts.
Including hoist, ore bins, crushing plant,
etc.. at No. 3 3haft on original Rav Cen
tral territory arc about 50 per cent com
pleted and all material necessary to finish
them is on ground ready for assembling.
Work of sinking this shaft has pro
gressed more slowly than, was expected.
This has been due largely to the fact
that this abaft i3 deeper than any work
ings In vicinity and Is therefore draining
tho entire surrounding territory, and
more difficult 1s experienced and han
dling water than was anticipated. At
end of quarter there remained sixty feet
of sinking lo complete this shaft. It
should be finished In November and pro
duction of ore from the relatively high
grade bodv In Ray Central territory will
be started In December, or. In any event,
not later than January 1-
In development work thero was driven
a total of 37.715 feet in drifting, raising
and sinking. This brings mo total work
ings in the mines at the end of Septem
ber up to 2G4.000 feet or about fifty miles.
Rate of lonnago production has neon
somewhat disappointing, nlthouch appro::-
imatclv In accord with prediction In last
quartcrlv rcnort. wherein It wa rpeeted
a rate o' 5000 tons ncr da'- would be
reached In A'igust. This rat" was reached
toward the nd of August, nnd maintained
during September. As additional stop
lug ground is now becoming available. It Is
expected rat of tonnage Increase will
bo somewhat, more rapid during fourth
quarter than It has been in Immediate
The grade of ore produced during quar
ter was not as high as we expected, but
the reasons for this were operating rather
than physical ones. Certain sloping areas
from which w had expected lo prouuee
considerable tonnages' of good grade ori
did not bocomo availa.blo for actual work
a:j rapidly as wo anticipated and It was
necessary as a consequence to produce
the mjor part of tonnage from areas
previously working near upper zones of
ore deposits, and In ore bodies known
to be low grade.
All conditions pertaining to operations
of properties as a whole, Including labor
situation, continue to be generally satis
factory, except as to grade of the ore.
and this Ir. now Improving and the out
look is that It will Increase to an aver
age of nearly 2 per cent by January 1.
Boston Mining Stocks.
James A. Pollock & Co., bankers and
brokers, furntah the following, received
over their private- wire yesterday aflcr
noon: BOSTON COPPER RANGTS.
l&'alcs. n. I,. ICIs.
Algomah 31 3,
Butte St. Balaklava I ?.a, :ii :ii
Butte St Superior ... 3.47S 491 4SJ 4SJ
Calumet .fc Arizona.. 350 S5 79 79
ClUef Con 175 IS IS IR
Copper Range 2,420 5S 57 57
Daly West 1 Si 4
Davis Daly 25 2 2 2
10a.st Butte 590 15S 15 J 153
GIroux Con 435 4-J 4? 4?
Granby Con S95 77 752 70
Greene Cananea .... 0S7 9! 92 9?
Hancock 15S 2Gi 2Gk 2Gi
Indiana Copper ...... 110 172 17J 17A
Inspiration Con 20 mi 20
Lako Copper 520 33 3l5 31Q
La Rose 2?, 2 21
Mason Valley 350 12 J 12 12'
Nova da Con 355 23 I'll 22J
Nlplsslng S S
North Butte "... 1,063' 37 30 362
North Lake : 33? 3 3
Ray Con ISO! 221 222 22
Superior St Boston . 3S5j 2S! 23 21
Trinity I 0 I u' C
U S Smelter com ... 7C0 473 403 401
preferred 51 j 511 51
Utah Con 320 135 13 13
Pond Creek 600 211 27 27
BOSTON CUTIB CLOSE.
I Bid. Asked.
Arcadian 5 2.8751$ 3.00
Bcgole 1.75 2.00
Bingham Mines 4.75 5.00
Butte & London .51 .53
Boston Ely 1.00 1.12J
Bohemia , 2.75 3.00
Calaveras ; 2.75 3.00
Helvella 75 1 00
Kerr Lake -. 2.75 2 S7S
Keweenaw 2.00 2.125
Massachusetts 6.25 6.75
Nevada Douglas 3.87J 3.95
OJibway 3.00 3.25
Stewart 1.55 ! 1.625
Tuolumne 2.8711 3.125
Victoria 2.50 I 2.75
Winona 4,1241 4.87J
Wyandot 1.50 I 1.75
Hoton Copper R.00 S 50
Oneco 2.001 2 12J
S YV .Miami 5.25 5.75
Butte Central 7.12J 7. 375
Ohio Copper 1.62s 1.75
South Lako 0.75 7.00
Greene 9.023 9-75
Mayflower 13.75 ' 14.00
Old Colony 9.25 9.50
American Zinc 31.00 31.50
Pond Creek 20.87J 27.25
Utah Apex 1 .75 2.00
Shannon ,- 14.50 14.S7J
Miami 28.00 28.50
Ncvadas in San Francisco.
James A. Pollock & Co., bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon: I. Bid. Asked
Gold field I I
Jumbo Extension S .20 $......
Booth I .06
Blue Bull , I .OS 1
Silver Pick I .07
Lone Star I .05 I
Oro , 011 .05
Atlanta 17 ( .18
Florence " .70 I .75
D'flcld R. B. Cons 04 I
Goldfield Daisy I .05
Combination Fraction 10 j
Kewanos 04 I
Coldflcld Consolidated' 2.47JU 2.50
Ophlr I .45
Mexican I 1.82i
Consolidated Virginia .... .34 I .35
Savage I .07 I
Sierra Nevada I .36
Union 13 .15
Chollnr - I J .05
Tonopah Nevada ......... 0.27J
Tonopah Extension 2.C5
MacNamara ; .1
Tonopah Belmont -. ,., 9.12
Tonopah North Star 34 .35
West End Con 1.G25
Rescue . -17
Jim Butler .74
Cash Boy I, .07
Monarch Pitts. Extn...... . .24 j
Tonopah Mrgcr I .90 .91
Manhattan Consolidated ..! .14 I.......
G. Wedge j .09
Dexter I .03 I ,
White Caps .10 I .u
Manhattan Big Four .13 I
Other districts I
Pittsburg Sliver Peak I .S8 ',
San Francisco Oil Stocks.
James A. Pollock &z Co., bankers and
brokers, furnish the following, received
over their private wire yesterday after-
. I Bid. lAskcd'.
Caribou i$ 90 1$
C'laremout .. .60
Illinois Crude ' .14
Monte Cristo ,95 1,23
New Pennsylvania ....'....I .52 I;
Palinet ' .10 .'J0
Premie: J .35 .15
Silver Tip , I .50 !
S W. & 15 18
W IC OH . - . 2.0d
IS LOOKING GREAT
Many reports have been coming from
the Watt property of Carroll, Nov.. dur
ing the past two or three dayo Ihat In
dicate conditions of splondld Import for
this gold properly. The Stall brother.'
who have dono some very spectacular
leasing in recent years In Nevada have
purchased this properly, and within Ihc
past month three cars of ore have been
shipped, the flr-t bringing in returns of
ovor ?900. The la.st two cars are ex
pected to be more valuable.
There Is great excitement in the Car
roll camp, and ihc boltotn of the main
shaft Is roported to be giving forth gold
ore as rich as any ever found anywhere
In Nevada. All hands aro busy sacking
this rich stuff, much of which Is to he
shipped to market toy express.
PRINCE CON. DEAL
- POSITIVELY CLOSED
It was learned Friday afUrnoon that
tho Charles E. ICnox Interests had just
made tho first payment, on the deal fur
the control of the Prince- Consolidated
company, thereby putting at rest any
doubts of the Intentions of Mr. Knox
and associates In the premises.
Ever slnco the Knox interests as
sumed the active management of the
proper! v several weeks ago no one has
had any doubt but. what this deal would
be fullv consummated, but no one could
talk with tho assurance that they now
enn after the actual cash Is paid over.
Mr. Knox is president of the Montaiia
Tonopah company, and one of the larg
est operators and capitalists of the
MAGMA ADDING TO
ITS ORE RESERVES
Word has been received from the Mag
ma Copper property of Arizona thai an
important discovery has been made on
the 050-foot level to the east, there be
ing one body of solid chalcocite ore three
feet in width broken into at a recent da'tc.
Tills Is another body of ore from the
050-foot level resources opened hereto
fore, the principal work having been done
prior to tho present time to the west flf
the sliaft, where one of il,e flnr
of copper ore In i he mine C v.
veloped lo date for "p moxu
feet. Results at I he E "t
nut are highly pratirynB,
agcrneju now has the. adUi t.
machinery, with which excellent
is being made wherever work E
Ore and Bullion. A
The ure and bullion report fori
given by McConii lc & c , .1;
lows: Ore re-ohed. VjOxmo-V
shipped. .512,000, total, ?7.con '
Metal Market. f
The metal ouolatliiin for r,i4al
ed by McCornlck ,v Co.. iro n
Silver. C2Jc; lead, $(.75, copper, ;
Tintic Oro Shipments.
Special to The Tribune. f
fCUKEKA, Nov. 15.-I'ollowirs S
ore shipments from thu Tinl'tr. '
for the week ending tunicl,'.
I3utchcr Boy fi
East Tintlc Development ..'., ""'
Carina ; v,
Lower Mammoth ',
Sera nt on
.May Day '
Colorado ' , ..;
Grand Central '....f;
Eagle Blue Rell
Iron P.losiiom it
Ccnlennlal-Eureka ... ,
The boy's appctito is ofteS
source of 'amazement. If you
have such an appctito tako CiM
Iain's Tablets. They not nl7
a healthy appetite, but strengtlw
stomach ana enable it to fa itim
naturally. For sale bv all ile&lMjBi
j At the People's Dept. Store l
I Opening of Toyland j
I 1 Today, November 16 -i
I In Our Bargain Basement. M
I AS USUAL, PEICES THE LOWEST. M
I Bring the Little Ones. M
PEOPLE'S DEPT. STORt
1 42-44-46-48 W. First South. JM