Newspaper Page Text
10 THE SALT, LAKE' TRIBUNE, TUESDAY MORNING, NOVEMBER 19, 1912. 1
In FACES in
THE PICE TABLE
Official Family Changed on
Monday With New Inter
ests in Control.
C. E. KNOX IS PRESIDENT (
Win. H-. .Webber, John A.
Kirby and A. Y. Smith
Are New Directors.
I By the .action taken on Monday after
noon by the board of directors of the
Prlnco Consolidated company, ihc now
interests recently acquiring the control
were elected to fill the vacancies occa
sioned by the resignation of several di
rectors and President James Tlackctt.
Charles E. Knox was selected to fill the
vr fancy this created, and is now the
president of the company. Mr. Knox
Is one of tho best known mining men
and capitalists of tho western country,
being closely Identified with the hankltifr
llfo of Nevada, and serving as president
and director of several of the well known
mining' companies of that state.
Former Board Resigns.
The resignations of Directors Earnest Lr.
Godbe. Anthony H. Godbe, Henry Sadler
and J. P. Megatli were submitted at
the meeting of tho board on Monday, and
tho following were elected directors in
their stead: Charles 13. Knox, William
IT. Webber, John A. Kirby and A. V.
3mltl. Mr. Webber wus one of the orig
inal owners of the Nevada Mills property
of Nevada, serving for four or five years
us general manager and member of the
oxccutlvo committee. John A. Kirby is
far too well known in Utah and Nevada
as one of the inosL successful of the many
UtohnB who have made good in a sub
stantial way during the past few years
In the Sagebrush slate to require any
further introduction to the west. A. T.
Smith is ihc general manager of the
Prince company since tho Knox interests
assumed control two months ago, and It
has been under his direction that tho
property has been demonstrated to be ex
actly as represented by the former owners
of control.
This official assumption of the control
of the Prince destinies establishes the
consummation of a deal that has boon
pending for many months, and it is the
universal opinion of stockholders that
the Prince ia to bo conducted along lines
of great production, for being a low-grade
proposition IL necessarily demands large
production and a multiplicity of sniull
prof i ts.
Mine in Fine Shape.
Messrs. Smith and Webber stated to
Tho Tribune after the meeting on 31 on day
that tho mlno has been shown beyond
ail question to hold resources sufficient
to meet these conditions, and that it was
a hugo manufacturing concern which
tho new owners would handle to bring
about early and generous proiltii..
The properly at tho present time is
shipping an average of 35u tona of ore
ially, and the cost of production is being
brought down steadily in such a fashion
that it should not be long until the fig
ures early estimated In this regard :iro
attained, which will mark the Prince Con
solidated as one of lowest cost producers
of the west,
.Murray C. Godbe will couLinuo as sec
retary and treasurer of the companv.
I NEW SILVER LEDGE
OPENED AT COBALT
A development of what appears to bo
or far-reaching Importance to Nipisolng
lias just taken place on -nhat Is known
as- tho Scncca-Superlor property, situated
CT,1 Lalro " the southern porlion of
iSr? , iL, C4im?' Hcre- at a dePt oti
r,2ci bcIc"v Ul surraco at a dJstanco
Vr"3S Pet from ,,lc "haft, a rich silver
Jcdpre four to five Inches in width, and
siveraping from 1CO0 ounces to 4600 ounces
per ton. has been encountered.
ky'1!" ' cither sldo of Cart Lake,
-Slpisslng has a largo area with a cer
tain part containing Lower Htironlan
formation, the most productive or tho
C obalt series. Very little work has been
done in thin section of tho propcrtv, and
it is estimated that there arc upward of
100 acres of ground in this portion of the
initio practically unprospecl.cd. Tho new
vein strikes In a northwest and sotith
abt direction, and the indications arc
tliat It will correlate with one of tho
Nlpissing veins situated to the west of
tho lake and also continue into the area
southeast of Cart Lake, where little or
no work has been done The new dln
oovcry, which Is recorded as an Import
ant one, adds prospective value to this
southern portion ot the Nlpls3ing prop
erty. A report from Cobalt stales that tho
first section of the new low-grade mill
or tho Mplsslng property has just been
placed In commission, which Ik several
days ahead of tichedulc time. It Is be
lieved now that within two weeks the
cntlro plant will be operating.
I NEVADA CON. SUED
FOR ENORMOUS SUM
On -Tub' 7. 10U, thc-ro occurred a ter
rific and disastrous explosion at the Cop
,,c7!,l7at ProPprty of tho NVvoda Con
solidated company at Kly. and by the
prematuro explosion of a blast ten inM.
wcro killed. Suit has bRCn brought for
damages for these death, and S31O.OO0
is the Bum demanded in the complaint.
For seven men 540.000 each Is demanded,
and for another. W0.O00. these, men be
ing Austrlans. One American and a
Greek were among the killed. 'Tho com
plaint ficlH forth that the explosion wia
caused by sparks blown Into the open
pit from steam shove s and steam dr lie
is being alleged that the snmkostaX
contained no hoods qb n preventative of
escaping sparks.
ITh your husband crosat An irritable
fault findtnc disposition is often flue
to a disordered stomach. A xunu with
:;ood digestion is nearly always good
naturcd. A KTeat ninny have boon per
manently cured of stomach trouble by
takintr Chamberlain's Tablets. For sale
by all dealers. (Advertisement.)
We had an awful time
HH raising our RENT
1 MONEY. But nothing
; compares with getting
enough for our office fix
1 tures. .Soon we'll have
our GRAND OPENING-,
I FISCHER-KITTLE
COAL CO,
"This is the Place."
H Office 277 S. Main St
. Tel. Ex. 401.
IDEAL CHANCE FOR
INVESTING PUBLIC
There sddom In presented a more Ideal
opening for investment on tho local ex
change than now exists, and there are
fo many splendid purehaapj possible that
ono would hardly miss It by buying any
thing at existing market valuation.
Everything points to a substantial ad
vance in two dozen or more Issues, and
tho public, will have no cause for com
plaint If It buys while there Ib yet time.
UhuuIIv the public wails until the top
notch. Stocks arc just a shade above
bottom right now.
Conditions Monday on the exchange
wore decidedly encouraging, and under
the leadership of May Day the Tlntlc is
sues behaved splendidly. Iron Blossom
backed up May Day beautifully, while
among the unlisted stocks Alia Consoli
dated was the leader, with no slock com
ing out. despite a big advance. Tho
market is developing a new feature and
blir trader with each new day. and with
such a condition prevailing the antici
pated advanco all along the line seems
Imminent. Business Is not large, but It
Is sound and with great possibilities.
Sales yesterday reached the total of
CS.402 shares of stock, the market value
of which was ?(M13.14. The following i
were the closing transactions:
UNUTSTED STOCKS.
I Bid. lAskcd.l Sold For.
New Tor ...1$ .ISJI? .20 I? .10 3'?
So Ilccla ... .1-4 .!' -H
Alta Con .17 I .52
McDon. Ely ' .10 S
Col Ext ... .OtiJ .0G i
P. C Stand..! .10 .12 I
T. Qulncy ..I .2'JJ .32 L
Fed Ely .011 .02
nico Arm. J ..! .25
Sanl Chief .: ' .OS '
I Tome It C' .17 ! .20 j
LISTED STOCKS.
I A. M. P. M.
I Bid. IAskfd.ll Bid. Askcd.
Beck Tun .10 !? .11 11$ .08 I? .10J
Bing Amal I .05? .06S'! .05" .OSa
Black .lack -09i .124 .10 .124
Camp Bird ' 10 ! !
Carlen . 1 .05 i , . iu
Ccd-Talis . .01 .01& .00v -0U
Cont Main 10 10
Century ... .05 , .05
Colo Min . .17 .10 .17E .IS
Col Con ... ,15 .10
Con Mer .. .02 ,10
Cm Point .03 .044 .025 .0:1
Daly 1,25 1.G0 l.llu 1,60
Daly-Judg 0.15 G.uO U.10 G.50
Dragon .15
E Prince .01 1 .02 .01 i .02
Hast Crn P 00i 00
East Tin C 00i I
East Tin D 01 I
Emerald ... .01 .05 I .01 .05
Gold Chain .38 .11 ."5 .11.
Grand Cent' .SO .84 .78 I .S5
Ind Queen J , .01 it .01
Iron Bios .! 1.25 f 1.27MI 1.27J4 1.20
Iron King 1 ( .10 M ,0L
Joe Bowers! .00j! .02 .004
Keystone .07J .25 : .07
K William .OS ,0G5 .00 .031
Lead King .02J .10 ,02i .10
Lchi Tit 0L ! 01
Lion J Till .03i .0-5 .0SJ .01
Little Hell r.n I so
L Mam .. .05 .00 .012 .06
Mammoth .70 2.00
Ma Valley 12.00 Ki.SO i 12.00 13.00
May TJuy .20 .201 .201 .214
Mln "Flat 015
Mtn Lake I .OSi .016
Nov Hills 1.50 I ' 1.50
New York .00JI .00ii .005 -002
Ohio Con . 1.55 ! 1.(55 1 1 .50 1.75
Opohonpo J .00 J -.09;; .00 J .034
Pioeho D . .OS?! .00i! .082 .001
PIo Melals ! .01 i' .02 '. .011 .02
P.-IdaJio ..! ,:i0 ' V .00 1.25
Phitus ....I ,0Gil .07 IM .07 ."7
Prince C .1 1.70 I.72.i- 1.70 I 1.72J,
Provo . . ......;.. .Oil!
R nnd A .1 .001 -06
Ucxall .01 . 01 i
Sev'Tr Col .25 .28 1' .25. .50
Scv Trs ... .015 .024'' .01 .02J
S K Coal.. G.05 3.20 :i.07o' U.20
S K Con...' .72 .90 !' .75 I .85
Sioux Con ! ,05 .04 'I .025 .04
S I Bios.. I
Swan Con i .03 .OlSjl .025 .031
Tint Cent .! .013 .0U .01 .015
U Tlniie .. .005 .002' -00 ,00'i
Uncle Sam I .11 .17 I Ai .17
Utah Con .01 .02 I .OH .015
TJ Chief .. .065 .07 J .06?, .075
Victor Con .04 .05 .Of .05
Victoria C .55 .5S I' .66 1 .B8
Gilbert . . .00 .10 H .00 I .10
Yankee C . .12 .20 .10 .17
Yr Cop 1 .00$
Addle 004' '
G Clr Crn. .015 I
GrulH I .01 I
Moscow . .1 .30 I .CO !
FOnBNOON CALL.
Gold Chain. 50 at 41c; 100 at 40c.
Iron Blossom. 100 at 51.25.
May Day, 10,1SO at 20c; 500 at lOSc; 1500
at 20ac.
Plu I us, 1000 at 7c; GO at Sc.
Swansea, G000 at 3c.
Shares sold. 10.1S0.
Selling value. $2322.50.
OPEN BOARD.
Eastern Prince, 2500 at Ice
May Day, 1040 at 20c.
Opohongo, 300 at OJo.
Swansea. 2000 at 3c.
Union Chief, 1000 at 7c, buyer sixty
days.
Shares sold. 70G0.
Selling value. 5434.S0.
AFTERNOON SALES.
Crown Point. 500 at 3Jc; 1000 at 3c.
Iron Blobsom. 300 at 51.27J. I
May Day. 500 at 20Jc: 500 at 21c.
Prince Con.. 100 at 51.70.
Swansea, 500 at ?c.
Tlntlc Central, 1000 at U-e.
Yankee Con., 100 at 17c.
Shares fiold, 4500.
Selling value, 5S22.
OPEN BOARD.
Colorado, 1000 at lSJc.
Iron Blossom, 1000 at $1,275.
May Day. 52 at 22c: GOO at 21c,
Opohongo. 200 at Sic.
Union Chief, 1000 at 7c; 1000 at 71c.
Shares sold, 7362.
Selling value, ?2233.S,
New York Mining Stocks.
James A. Pollock Co,, bankers and
brokers, furnish the following, received
ov-r their private wire yesterday after- .
noon; I
NEW YORK LISTED STOCKS.
ISales. I H. I L. 1C1b.
Chlno 2.100! ifiSl 4S5 m
Goldfleld Con 3001 2i 2i 26
Ncv Con 400 22S 222 22
Ray Con 3,800 22? 22i!i 22J
Tenn Cop 5001 40H 4081 40G
Miami Cop 1 300 2Sg 2Sil 2Sg
Utali Cop I 1,0001 0341 GIUI G3H
Inspiration I 1051 lOt) 19
Studebuker 1,1001 -!3il 4241 43i
NFAV YORK CURB RANGE.
Sales. TT. I,. Ida.
First Nat Cop 1 21 2 ' 2
CJiroux Con I 300 4? 4Si At
Ray Central 1 2fi 221 22
Yukon Gold -.'ij nil 3i
Ohio Copper ......I I 151 J2 12
N'w Keystone 1 21 2 1 2
South Utah .........I 200 R . '.i (J
Mason Val I 100 124 124 121
Brad en Cop 1 500 Jt St '.t
Ely Con f 1,500 19c 19c- 19c
Ncv Hills ,.. 200 1A 11 1J
Ltclinoiit ! y Si' !
Tonopah I GS1 fill OA.
Alaska I ..I Si! Si! SI
NEW YORK CURB CLOSE.
I Bid. Asked.
Ely Con j$ .17 :$ ".20
First Nat Cop ! :.oo ' " "5
Olroux Con 4.i;2ij 4.75
Yukon Gold ..... 3.J2J 3.2."
New ICcystoinj I n00 ".l"h
Nlplsslng ,1 s.tf-jii :.7if
Ohio Copper 1 .55 1.6'Ji
rtiiy Cent nil 2.37J
I-L Rosso i..'i0 2.55
bou I h Utah 25 ,50
Hrlt Col Cop l.Bi .(.75
Bay Stale Gas. 45 ,55
Bradcn ; S.S71 9. no
Maeon Valley 12.37; 12.(521
hloux Con , 02 .00
Colorado ,,..1 .15
Iron Blossom I 1,5 i'o
Ciirlsa j ,05 ,"l5
Nevada Mills ? 1.50 1.55
Ore Shipments.
The Utah Ore Sampling company on
Monday released 10 cars of ore from Utah
and one car each from Jduho, California
and Colorado camps.
FIRST CAR GEMINI
ZlCJISIIPPfO
Noted Old Producer Joins
Procession of the Tintic
Propositions.
By a shipment forwarded to the gas
smelting belt on Monday of first -class
zinc ore, the Gemini, one of the famous
old silver and lead producers of the Tln
tlc camp, takes Us place among me re
sourceful Tlntlc propositions which arc
fortunate enough to trim their sails to
meet practically any breeze that may
blow. A a in the case of all the new 7.lnc
producers of Tintic, it is found tliut the
Gemini zinc ore has accompanied the old
silver and lead ore bodies in a very
faithful manner, and it Is not a difficult
matter nor an expensive one, as a conse
quence, to drive into the zinc and take
it out for the market,
The Gemini Is a very close corporation',
and 0110 of the old-fashioned capitalisa
tion sort, this company having only 5000
shares of stock, the par value cf which
is S100 per sharo During the many
years that this property ,has been in op
eration it 1ms produced many millions of
dollars In mineral wealth, as Is Indicated
by the fact thut the total dividends paid
to Ihe present lime amount, to 52,130,000,
or S120 per share.
While the management is mooting with
success In opening a zinc ore tonnage,
thereby taking advantage of the present
high spelter market, t lie silver and lead
resource!! of the property are not being
neglected, and the mine has every indi
cation yet of being a big producer of
this character of ore.
FIRST DISCOVERY OF
GOLD IN ALASKA
Gold was first discovered in Alaska in
1S4S. in the gravels of streams tributary
to Kcnal river, by P. P. Doroshln. who
was then making an examination of the
mineral resources" of the district for the
Russian-American company. Owing to
the low gold content of the auriferous
gravels found at that time, there was
little prospecting. Scarcely anything is
known of any activity In the gold fields
of Alaska between 1S50 and 1S94, though
It Is atatcd that gold was discovered on
Cooper creek in 1SS4, on Resurrection
crook Jn 1SSS. and at Anchor Point In
1SS0. Pincers were found on Bear nnd
Palmer creeks in IS04 and on Canyon,
Mills nnd Lyn.v t-rocks In 1S35. These
discoveries were followed. In 1896'. by a
stampede of several thousand men to
this field. Crow Creek was slaked at this
time bul did not yield any gold until
two years later. In 139S a second rush,
partly an overflow from the Klondike
stampede, was made to the Turnagaln
Arm section.
In a report entitled "Gold" Doposits of
the Seward-Sunrlsc Region. Kcnal Penin
sula," by B. j. .rohnson, recently Issued
by the United States Geological Survey
as bulletin 520-E. the distribution and
occurrence of bold-bearing lodes and
placers of the upper part of Kenal pen
insula are discussed. Although the
present known distribution of auriferous
gravels In the district is widespread, the
ll3t of producing creeks is small. About
twcnly-flvc claims were being worked at
one lime or another in 1911, and from
seventy-five to 100 mon were engaged In
placer mining during the open season.
The production of placer gold in 101 1
from Kenal peninsula is estimated at
1540 crude ounces, valued at 526,000 for
gold and ?130 for ilvcr. The value of
tho placer gold of this region varies from
ilo.St; to 517.S7 an ounce. Assays of tho
gold lodes of the region range from .;1 to
$71S a. ton.
Although tho temperature frcciucnlly
falls as low as 40 degrees below 7,ero In
midwinter, the conditions near Seward,
Sunrise and Hope are favorable for gard
ening, vegetables being raised in consid
erable rjuantltlcK for local consumotlon.
Cranberries, currants, blueberries, huckle
berries and a few salmonbcrrica grow
"a?1?; Native grasses are abundant, fur
nishing good feed for horses during the
summer. Considerable hay is now be
ing" mado in tho peninsula, especially in
the vicinity of Hope and Sunrise.
AUDDLE SWANSEA IS
OWNED BY KNIGHTS
,r?,.is 'Snd that tho control of the
.Middle Swansea Mining companv has
passed to the Knighl Interests of Provo,
and upon a reorganisation of the com
pany the following officials and directors
were elected: Jesse Knight, president; J.
William Knight, vice president; YV. Les
ter Mangum, secretary and treasurer.
These three, with George A. Jones and
Richard IJ. Shcpard, constitute the board
of directors.
It ia the Intention to pursue develop
ment work on this property at onoe, and
as tho property adjoins the Eureka Swan
sea Extension territory, which Is being
developed via tho Centcnnial-Eureka
company's ground, the owners are confi
dent of early and gratifying results.
Boston Mining Stocks.
.Tames A. Pollock fc Co.. banker and
brokers, furnish the following, received
over their private wire yesterday after
noon BOSTON COPPER RANGE.
iS'alcs. I H. I L. Ida.
Algomuli 1 1 4 i, 4
Butte & Balak J 425 14 41 43
Butto & fVnp 1 1.1S7I lS'i 47S 475
?! p,z 1201 7SB 78 7Si
Chief Con 13 jq jq
Cop Range 57 5153 rlHg
Daly Yest 200 m 3B
Davis Daly 50 21 25 2i
East. Butto 500 15J 14Z 14Z
Glrotix Con -J10 45 4E IB
Granby Con ., 541 76S 701 7Gi
Greene Can 300 03 9S 92
Hancock 25 251. "6
Jd Cop of. 17. 17i 174
Insp Con L 20 19i( 20
Lake Cop 310 31J 31 31
1-di Rose 150 2
Maeon Val 100 12a 123 12i
Nov Con 22S 2S '"fi
Nov Utah I 3c Jc "so
Nlplssinc I 2.235 S2 ?! SJ
North Bulto 1.030 3fi 35S 3C
North Lake r2 3 3
Ray Con I 165 22i! 222 2
Sun &. Boston 2C5 2J 'S "?
;rrJitv . 55 f f
L S Smelt 1,700 455 45 45
P.M 503 503 503
Pond Cr,.ck 27j 27i 273
I BOSTON CURB CI3SE.
I Bid. I Asked.
American Zinc $30.75 ?31.25
Arcadian ,75 a.00
Buttf & London no f,.i
TUng Mines 4.75 s'.OO
Boston lily J.OGJ 1.124
Butte Central 7,75 s.OU
Helvetia 75 .93
Kerr Lake 2.02 2.874
Keweenaw , 00 2.12J'
Majestic 44 "".45"
Massachusetts li.'s fi it,
Michigan 1.75 2.0f)
.Tuolumne 2.874 ::,oo
Victoria 2.50 ."
lAVInoiui 4.00 4.50
Wjandot 1.50 1.73
Utah Apox I IS7J 2.00
'South Lake 6.75 7,00
Shannon 14, '.'5 14.50
Old Colony 0.G2. D.S71
Ohio Copper l.r.-.'i 1.75
Miami 2.X. 25 28,50
Greene O.iii 0.73
Mayflower 14.75 15.00
Calaveras 2.75 3.00
Nov Douglas I 3.75 3.95
Eagle & B B 1.00 1.20
S W Miami 5.25 COO
El Paso 5.50 B.OO
Hoton Cop S.00 S.50
Onet-o 2.12J 2.25
OJihway 3.00 3.25
lltl MIS FULL
OF SHIPPING ORES
Numerous Successes in
Which Utah Capital Long
Has Been Interested.'
Salt Lake stockholders of the several
mines of the Mason or Teringlon district
of Nevada will Hnd Interesting matter In
the following brief paragraphs regarding
several of the most attractive of that
section, taken from the Ycrlngton Times:
The Nevada Douglas Is shipping to the
Thompson .smeller the heaviest tonnage
of any property in the Ycrlnglon dis
trict. November tonnage will bo heavier
than October, which was the banner
month. The development furnishes so
many surprises that It Ik very dlfllcult
to keep track of them, but the mine Is
developing Into a very large proposition.
The earnings aro large anil will bo the
bfst ever had by tho company for the
month of November.
Malachite and Mason.
The Malachite is now producing a good
tonnage of ore from I wo places on the
property. On the south end of the
Notches claim, formerly owned by John
Dobbins, there 13'bolng developed a very
4nrge body of ore of llrst-cliws commer
cial grade, proving the continuity of the
Mason Yallev ore-bearing' contact for a
distance of about. 2000 feet South of the
present Mason Valley workings, on tun
nel No. 3 level of the Mason Valley, the
drift run into the Malachite ground has
opened in a crosscut to the cast a big
body of line ore. from which shipments
urn being made regularly.
The Mason Valley mine Is in unusually
good condition at tho present time. Ship
ments to the smelter are being sent for
ward every day. Everything in and
around the mine Is working splendidly
and the immense ore reserves opened
promise a long period of big production.
The stock s quite active on the New
York exchange, where 11 In a very popu
lar Issue. You may oxnect to sec it sell
ing in 1913 for twice its present price.
New Yerington Mine.
The New Yerington Copper is rapidly
-celling Into shape for big production. The
new ore bins will be completed very
shortly and the wa(n road is bolng put
Into condition for the heavy hauling soon
lo begin. The now engine and ,com
presEor arc running nicely. The tumid
Is being put In shape for good regular
production, .and the 400-fool tovol Is
pushing out steadily, opening up a big
body of fine grade ore. Everything
around the property Is assuming a busl-ness-IIko
appearance, and Superintendent
Marsal is working like a beaver to gel
the different sections in perfect mining
condition.
PESSIMISM IS TOO
GENERAL TO LAST
James A. Pollock & Co., bankers and
brokers, furnish the following, received
over their private wjro yesterday after
noon: Paine. "Webber. & Co, Eoston. Both
markets showed a decided lack of inter
est on the part of both floor traders and
outside speculators. In the local Hut,
Old Colony and Maj flower both showed
fractional advances, and the buying Jn
Mayflower Is based on the recent good
showing made by the last report on their
drills. Granby, Lake, North Butto and
I Itango showed only a few transactions.
1 The supremo court handed down no de
cisions of Importance and, has adjourned
until December 2. In spite of easier
money, general business prosperity and
a reduction In the visible copper supply
abroad, the buying power is very small
and stocks ocetn to go down ca3ler than
they go up.
Logan & Bryan, New Tork. The fact
that the supreme court did not make
known the findings In any of the import
ant cases of interest lo the financial com
munity was the cause of considerable
disappointment. The accumulation of
news over Sunday Was not of a nature
to incrcaeo tho initiative of the trading
element, though on the whole the ad
vices relative to the status of affair:' in
Ihe Balkans was suggestive of happen
ings which might tend to plaoo the allied
Balkan slates in more of a receptive
mood with regard to Turkey's overtures
for peace. It was said that quite large
shipments of securities from this city to
London are now in progress, the same
being a reflection of the repurchase of
American Issues by the continent. "While
foreign exchange Is at a level which or
dlnarilv would enable profitable imports
of gold, still it is not anticipated that
I'hiropean financial centers will permit
America lo secure much, if any, or new
gold arrivals without offering a protest
in the nature of higher foreign discount
rates.
For tho above reasons, accompanied by
tho fact that interior demands for funds
for crop movement purposes are still on
a good scale. It Is anticipated that do
mestic money rates will remain Arm at
least until ihc turn of the year. It has
been noticeable of laic that long Btocks
have not been disclosed on the drives in
sufficient volume to make operations on
the short side very profitable, and, as a
consequence, attempts! to cover commit
ments for the fall have been reflected by
rather sharp upturns. Of course, at the
same time. It must be conceded that the
buying power has not been suggestive of
an inclination on the part of large mar
ket Interests to stimulate a pronounced
rise In quoted values, but, on the whole,
we believe wo indicated In advices today
that a moderate upturn Is not unlikely
within the course of the next few days,
as sentiment among the rank and fllo of
traders has become so decidedly pessi
mistic as to warrant the conclusion that
the selling side, for the time being, has
been overworked.
JTavadao in San Francisco.
James A. Pollock & Co . bankem ano
brokers, furnish the following, received
over their private, wire yesterday after
noon 1 Bid. I Asked.
Gcldlleld "7
Jumbo Extension ? .1 ?
Booth 05
Bluo Bull 07
Silver Pick 07
Lone Star ". .04 .06
Oro , 04 .0.)
Atlanta 17 .18
Florence 70
Goldfleld Daisy 05
Combination Fraction "0
Tvewonotf 04 .Ofi
Spearhead .01
Goldfleld Con 2.471 2.50
C. O. D 06
Merger Mines 32 .3
Comstock
Ophir 52
Mexican 2.00 2.10
Con. Virginia 36 .37
Savage 10
Hale and Norcross 12
Belcher -31
Sierra Nevada U5 .30
ICxchcquer . . .. . - 03 .04
Union ' 41
Challenge 06
Chollar 00
Mlzpah Extension 60 .08
Tonopa h
Tonopah Nevada 6.40 .......
Tonopah Extension 2.70
MacNaniara 20
Midway 41
Tonopah Belmont 0.121
Tonopah North Star 31 .35
West Vmd Con 1.60 i .62?.
Rescue .17 .IS
.Tim Butler 70
Ilnmn ., 07 .OS
Boston Tonopah ."03
Monarch PUts 13xt 21
Tonopah Merger 91 .......
Manhattan
Manhattan Con 15
CJ. Wedge OD
Djxter 04
Big Four , a
White Caps , ,. .10 .12
Other districts I
Nevada Hllhr I 1.50
PltUihurg Sliver Peak ' . . .90
LARGE OUTPUT OF
THE LUDWIG III
November Production of the
Nevada' Douglas lo Reach
New Record.
MINING THREE LEVELS
Interesting Results Follow the
Work to South on the
First Level.
In his weekly report to the- Salt Lakn
offices of Hie Nevada Douglas Copper 1
company. Superintendent Archie J. Orem
stales that tho daily shipments of copper
ore average about 450 tons, meaning
that from nine lo teii earlots aro being
forwarded from tho mine each twcnly
four liours. The greater portion of thlu (
tonnage comca from the Ludwlg prop
erty, as the Douglas Hill group will
hardly bo expected to provide much of
a tonnage until the new lower tunnel
is completed, thereby affording an Ideal
outlet as well as development opening
to tho Douglas Hill resources. When
this tunnel is ready for its share of '
the task, the Douglas Hill proper! v
will be called upon for approximately
2o0 to 300 tons of copper ore dally.
New Carbonate Ores.
Mr. .Orem adds that he is increasing
the tonnage shipped steadily and he ex
pects the month of November lo close '
with not less than 14.000 tons shipped
to the smelter. Tills will prove a splcn- ,
did period for the company.
While the development work of the
Ludwlg mine at depth Is full of Intense
interest, demonstrating as It docs the
faithful continuation of the big copper
oro bodies with tlepth. the operations on
tho first level aro of especial interest
because they are reaching into territory
that has never ben sounded la the Lud-1
wig. j
The drift on the first level has been
proceeding to the south for seventy feet
in first-class carbonato cooper ore. and
as this is the most southern face In tho
Ludwlg, and as (he face Is as firm as
ever and all indications point to the
ore going on to the south indefinitely,
a vast scope of practically proved ter
ritory is thus added to tho inino for
future operations. This carbonate ore
throughout tho seventy feet has boon
anywhero from two to ten feet in width,
a safe averages for the entire distance
being six feet.
Seventh Level Work.
On tho 700-foot level the work contin
ues in sulphide copper ores of fine ship
ping quality, and. the managonionl is
starting a wine which will be driven
(is far as possihlo before water occa
sions any difficulty. The oro pouket. at
tho 700-foot level station Is now in op
eration, so production from that point
Is being conducted at a for more satis
factory and economical rate than here
tofore. The Ludwlg Is now producing
from the seventh, sixth and fourth
levels.
COPPER SUPPLY OF
EUROPE DECREASED
According to the dispatches over the
Pollock wires on Monday morning, the
European visiblo copper supply on No
vember 15 showed a total decrease of
4.100.WO pounds since the first of the
month, this being shown "ov- the London
Fortnightly statistics, bringing tho total
foreign visible simply to 92.206.560 pound
This is the smallest supply jn nmnv
years, comparing with 133,526.400 pound's
on the same dale of 1911. mid 193.9S4.000
on thd same day or 1010. It indicates that
the foreign consumer is being forced to
enter the American copper market, and
there have been sonic substantial sales
reported during Ihe past day or two at
tho asking price of the big producers of
tho United States, namely. 172 cents a
"pound.
The foreign visible copper slocks liv
fortnights, given in pounds, for tho vcar
so far. und for the past two years, "are
here given:
I m2. 19U. I 191Q.
Jan. 15...!124,SSO.000ll86,544,9602451;'l69,fi0O
Jan. :il...ll2i,S50.8S0ISG,352,320?2IS,209,920
Feb. 14... II 19, 103,200 1SG.GS 1,0001255,58 1,000
Feb. 2? . . Il 15,7 10,7601 J S4.f.46,S80 254.130,200
Maroh 15.114.152.S00jISI,100,720'2.2,5l5,200
March 31. ,n21766.0S0ll83,0U3,120!2i:1007,G80
April 15..,1U,106,240177,125,760'2I6,.S70,400
April 30. ..'1 1 1 ,86 IJ 20173.G87,360i216..S63.t!S0
May 15. . . '103,3S?,120l 166,725, 1 IO24S,::0S.5i0O
May 31 ... i M',072,120 1 62.653, 120l230.2i55.fi00
Juno 15...' 95.601,120 150.G46,SS0236, 051, 200
June 30...: 03.559,120 157.190,280 2;;2,S63.6S0
July 15...' 97,460,120 lo0,90S,S00!220,0S0,R00
July 31... 1 101. 165.1 201 152,376,0001222.110.800
Aug. 15. . .10n.539,520I4H,050,800 216.623.680
Aug. 31... I02.5S7.520 M9.002.SO0 21S.4 13,440
Sept. 15... 1102.082,720! 152.756.S00I21 (.2S0.400
Sept. 30...! 90,406, 720I150.S41, 6001210,472. 010
Oct. 15...,! 97,594,560' 144,35, 4I0I2O6.460.S0O
Oct. 31.... I 07,396,560 13S,S86,7201 19S.065.2S0
Nov. 15., 1 93,290,560 13L!,526.400!l93,nS4.000
Nov. 30.,.! 131,417.68011.13,200,000
Doc. 15 ... I I27,08S.r. lOl190,400.000
Pec. 31. ! ll28.08S.00OHS7.7O5.23O
'February 2S in 19 1 L and 1910.
YANKEE ZINC KEEPS
ON WAY TO MARKET
Two cars of nine oro are In process of
Settlement from tho Yankee Consolidated
property, and the check for the same
should be received before the end of this
woek. This ore will average practically
the same as the last two cars for which
the company received smelter-net Hie
sum or 52224-26. or 24.32 por ton. Tho
management Is developing a larger ton
nage steadily than is being extracted,
and this particular phase of the opera
tions of the company Is meeting with a
great deal of favorable comment.
At the Rami! time, conditions on iho
lower levels are extremely favorable for
eanly sliver-lead oro results. Several
places have looked for some time as If
any round of shots would put tho coveted
ore in the face, and there Is nothing now
visible to create any oilier Impression.
The Yankee is at a very interesting
etage. and the officials feel greatly cn-couruged.
San Francisco Oil Stocks.
James A. Pollock & Co.. bankers and
brokers, furnish the following, received
over their private wire yesterday aftcr
noon; I Bid. lAsked.
Caribou $ .90 3
Claremont I ,60 1
Monte Crlsto I 1.25
Palmer IS .no
Premier ' 45
Saner Dough 1.65 .
WK Oil 2.00 '
Ore and Bullion.
The ore and bullion report for Mon
duy, given by McCornlck Co., was as
follows: -Oro received, J70.00&; bullion
a hipped, $25,000: total, J95.000.
Metal Market.
Tho metal quotations for Monday,
posted by McCornlck & Co., were as fol
lows: Silver, 622c; lead. $4.25: copper,
517.225.
Potatoes, I
Ton cars cboicp Utah :uicJ Idaho po "
tatoot. at right price. Vouclr's seed
store. (Advertisement.) 1
k that most whiskies bottled in bond JSxIjXSBl xSr
arc only 4 to 5 years old. iMffiSStBi Jffi
More 7 to 8 year-old W.H. McBrayer's ILBKI ,K
Cedar Brook Whiskey wai bottled in bond IPPSaHl WL
1 (2,956,944 bottles) in 1911 in our one WMMm K
Codar Brook Distillery than all othet ftfM IL
brand eomofnet.including all advertised, iPiflVrwr 'mT
popular brands made in Kentucky, Mary TjSjlr K I
M9tt land, Pennsylrania and all over the U. S. tag!giy K
,T js tbteref ore I
th
BAEKBROS MERCANTILE CO., DistnbJ
I I The Coal Used by the Largest J
Consumers in the West j
;j
Tho largo fuel users aro Tho coal that is nought "by !
the most exacting huyors. test is a pretty safe fuel i
They d.on't buy by guess. for tho small factory opcr- '
They buy by test. The fuel ator or home owner to buy. ;
they buy must bo the best. Give ABERDEEN COAL , '
That is why tho largest a trial and you will be con-
consumers in the west uso vinccd that it is superior to )
ABERDEEN O O A I. tdl others. All dealers sell it. v
with ' ABERDEEN '
i -r
TKere'll be something -
in NEXT SUNDAY'S ' !
TRIBUNE just for
kiddies. It will be a 1 :!
coupon, good for : ;j
but we can't tell just ' i!
yet. See SUNDAY'S Ja
TRIBUNE. j
-m
The Tribune Gives Your Wants tho Largest Circuit
