Newspaper Page Text
H THE SALT LAKE TRIBUNE, THURSDAY MORNING, NOVEMBER 21, 1912. 'L
- . . ' . , , , :rij
I1IFF 01 LEAD
Producers Should Proceed to
Secure Action Which Is
I NEW IDEAS ARE GIVEN
George W. Riter Suggests the
Most Reasonable Manner
One of the highly important matters
that will come up for consideration be
fore tho ore producers ot tho etato of
Utah at their meeting tonight at the
Commercial club will bo tho attitude of
theso producers in regard to the tariff
on lo:id- It is taken for granted that
lead "will be ono of tho first itcin3 taken
tip by the forthcoming congress for dis
position, and it is of the utmost lm
jiprtanco that the Utah producers of
this metal find out exactly what the
require and go after it, for a false pre
mlso means a bud start and Just as sure
ly a. poor finish.
Utah has no more able student of
tho lead situation and tariff 'requirements
than it has In Georso w. niter, who
has been on tho coast for eovcral months
on professional business. Mr. Riter has
written a letter to tho mining depart
ment of The Trlbuno regarding the lead
tariff outlook, and as this letter con
tains bo many highly timely thoughts
it Is not only fair to all the Utah pro
ducers, hut absolutely essential to their
welfare, that this communication Is hero
I Duty to Stockholders.
In tho first place. Mr. Kltcr urge? upon
all tho representatives of load mining
within tho stuto to attend this meeting
tonishU He emphasises what has bocu
urged frequently before that the presi
dent, manager and director of such or
canizaUnns owca it to his stale, hlm
nclf and. to his shuroholdcra that he
do his part toward straightening out
tho numerous kinks that Imperil this
t-omondous Industry of Utah. He Is
elected bv thousands of stockholders to
art In their behalf in all such mailers,
and as tniHtco of tholr interests ho fails
In his tfuty to these thousands if ho
neglects a matter that may in n. very
nhort time deprive them of all valuo in
Mr. Riter says Jn part:
"1 cannot help thinking that the nro-dti-crs
had better look forwurd to a
reduction In tho tariff on lead as some
thing tb:t lx inovltahlc. and that their
efforta should be pponl in trying to stcur
now legislation along linos thut will be
the IcasL harmful, instead of trying lo
fccad it off. Kor instance, it is highly
important that tho import duty, what
ever It may be. shall be levied at so
much per pound of melal rather than
a percentage nd valorem.
Schedule Too High.
"An ad valorem duly would bo based
on tho value of tho metal at tho port
of entry, and as ore producers of tho
west already Icnow, there aro mora ways
of figuring the valuo of load In ore
than there aro of making salad in the
"Tho e!sllng lav.'. Insofar as It re
lates; to tho tariff In the form of bul
lion, pigs, etc., fau hardly be defended
oven by tho ultra-protectionists. A
duty of 2i cents per pound 1 exacted
on lead in this form when, as a. matter
of fact. I do not recall but one limn
sinco the Dlnglcy law llrst went into
effect when outside markets could un
dersell tho American markcl by more
than IJo per pound. As a. vule, tho out
Mtdo market cannot undersell tho Ameri
can market by moro than 11c or ljc per
round. Whcro tho difference between
tlio two markets is greater than thl3,
it is bocaufo tho American price Is high
a'ready and tho market la almost swept
bare of lead for immcdlato delivery.
"At such times as theso oven tho pro
ducers would enjoy tho opportunity to
in port a littlo lead to tide over a short
market, but with a 2ic tariff, importing
Is out of tho question except on load
in special f rms that cannot bo obtained
in tho domestic market at any price.
"We already have discovered tho fact
that tho single state of New York, or
Pennsylvania, or Illinois, has moro votes
in the houso of representatives than tho
'gregato of all the states west of tho
Bocky mountains. Woreo yet, many of
tho congressmen from tho far western
Mates aro either hoslilf or indifferent
towards a, protective duty on lead.
Only Strong Leverage.
"It scom3 to me. therefore, that the
only strong lovcrago that the western
ore producara can bono to exerclso in
tho next congress will bo through eastern
stockholders i western concerns. There
fore, to bf effective, any resolutions or
KtutlBtlcs that may bo nubllslicHl by wes
tern producers should bo of such nature
that eastern HtockholderH will bo ablo
to prasp them at sight and wield litem
forcibly heforo their own congressmen.
"In a brief Unit T prepared for use
when the Paj nc-Aldrich bill was under
consldcrallon. 1 tried to make II clear
that the production of lead for the mar
hot h not a slmplo process llko tho
mining of coal, but comes of a long
Korles of separate processes, somo of
which aro akin to manufacturing. It
was surprising to learn how new this
was to .many of the lawmakers."
I WIT ITSUCCEEDS
Bocauso It's Tor One Thing Only and
Salt Lake City People Appreciate It,
Nothing can bo good for ovcrylbtnjr.
Doing one thins: well brings sue-
Doau'n Kidncj Pills aro for ouo
For weak or disordered kiduej's.
Hero is reliable evidenco of thair
Mrs. T. II. Rcedor, S3!! Twcnty-sec-on
J street. Optica, Utah, says: "For
eoral years ono of our family suf
I fcrcd from kidney complaint which was
V Bomctimci to bad a lo completely lay
I liim up. Ho eousulted phsiciaus 'and
i tijed many romodies. but received no re-
lief until he used Dqmu's Kidney Pill?.
It was not long beforo ho wna free
from every fiijjn of kidney trouble, nud
despito the brd work be has siace
done, be has remained cured. I also
used Doan'a Kidney Pills aad thu re-
I" aults wero just as aUsfaulorv." ,
For tale at Sclirainitt-.Tohuson 's Drui;
store, Salt Lake City. Utah, and by all
dealers. Price 50 coots. Fotor-AIil-burn
Co,, Uuffnlo, Now York, sole
aRcuta for the United States.,
Bcmembcr tho name Uoitn and
, Uko no other. (Advertisement.)
HO HK ITS
Fifth Section, if Not Already
at Work, Will Be at
' Any Day.
Local shareholders of the Chlno com
pany expect word at uny day that tho
fifth mill section has been pluccd In com
mission, iho last step towards giving
this proposition every advantage required
to establish it far towards tho top of
copper producers of tho world. Before
the Urst of the year the company will
have struck Its logical gait, and not less
than 7000 tons of ore a day should be han
dled, with an average extraction of 75
por cent, when the steam shovels begin
eating their way Into clean nuipnides.
What it means to the Chlno to have
the llflh section completed and In scrvleo
can bo drawn from tho following para
graphs In the last quarterly report:
"With the completion of tho fifth sec
tion of the plant, all construction work
and expense, at Hurley will practically
cease, with tho exception of such expen
ditures as aro necessary lo improvo the
water system, and these will huc uu
"At tho mines also, construction and
equipment is nearly complete. Somo ad
ditional permanent railroad trackage and
yards are now being provided, but this
work will be finished, or nearly so. at
tho end of tho year. All tho additional
equipment. Including steam shovels and
locomotives, that will be required for the
capacity now contemplated has been pur
chased and mostly delivered."
The Chlno, therefore, la rounding out
Into form, and conditions aro so very
favorable that the company stands to
meet each and every expectation of
ORE RECEIPTS AT
THE MASON VALLEY
Following io tho total ori rccoiplu of
Mason Valley smeltery at Thompson for
tho seven days ending Thursday, Novem
ber 1-1 Inclusive:
From tho Nevada-Douglas Copper
company mine at l.udwlg I!, 113
From tho Muson Valley Mines Co.
mino at Mason 2.225
From miscellaneous mines I'll
Shipments of copper matte, from
Thompson for same period... 10
BUSINESS HOLDS FINE
ON -LOCAL EXCHANGE
Conditions continue very satisfactory
on the local exchange, the trading on
"Wednesday totaling 25,720 shares of
slock, tho market value of which was
?3077.40. Prices are. holding well, any
change being upward In all the feature
Tho following wero the closing trans
UNLISTED STOCKS. m
I Did. iAskcd.l Sold For.""
Alia Con ... 5 .49 ? .'' 15 .r.O (Tv
ir it Cop .. .in .-'t .20 fc
New Ycr ... -20 .22 .20i .21
S Hccln. ... .15 .IB ....
Utah M C .20 .::3
T Qulncy .. .20 .:!0 I
Btng Ct-Sd.. .10 .11 I
Col 15x Oil! .OS I
Pch King .. .05 .OS
' "LISTED STOCKS.
I A. M. II P. M.
I Bid. lAsked.H Bid. Asked.
B Tunnel .. 5 .0$ $ .11. 5 .03 $ .ID
Blng Amal -05i .OCA -05V .00
Blackjack .104 .16 .12 .Hi
Ced-Talls . .002 .01 .00? -01i
Century ... .05 05
Colo Min'g -17 .19 .17 .13
Col Con 12i .40
Con More 03 .10
Cr Point .. .023 .031 .022 .0-i
Daly 1.30 1.G0 1.35 l.fiO
Daly Judgo G.15 6.50 6.15 0.50
Eastern P .01 .0-1 .0L ,02
E Cr Pt 004 00i
13 T Con 01 00J
L'l T Dov 02 .00J
Emerald .. .01 .OS .01 . .05
Gold Chain .3S .10 .30 .-it
Grand Cent .7(3 .SI .78 .S3
Ind Queen 01 01
Iron Bloaa 1.27 1.27i 1.S0
Iron King JO 10
Joo Bow .. .00 .10 .005 .10
Keystone .. 25 25
King WII . .03 .01 .03 .031
Load King .OIL -10 .02 .10
Lchl Tlntlc , 01
Lion 11111 .. .031 .01 .03 .04
Little Bell .23 .35 35
Low Mam . ,0-Ji .07 .04i .07
Mason Val 11.50 11.50 1-1.00
May Day . .20 .21 I .20 .205
Mill Flat 01 .on
Ncv I-HIIm 1.50 1.55
New York I .001 .00?! .00j .003
Ohio Cop .1 1.55 I 1.05 II. I l.j?5
Opohongo ..J .01) I .onjil .03 I .ODj
Pioche Dcinf .0Si .03 .OSi .00
Plochc Met .01 .02 .014 .02
PItta-ldah .03 1.25 .fli J. 25
PltitUS 07 .071 .07 ,0-
Prltico Con 1.70 1.721 1.674 1.72 J
Tvcxall 01 .01? .01 .013
S Troughs .015 .03 .Ii .u."
S K Coal'n 3.10 3.20 3.10 3.20
S K Coti 1.00 .70 1.00
S T Coal'n .20J .32 .281 .31
Sioux Con .023 .041 .Oi'i
So I Bios 00
Swan Con .02? .03 .02J .03
Tin Cent .00? .011 .00-7 .011
U Tlnllo .001 .00fl .0("1 .0112
Uncle Ham .14 .1(5 .13 .17
TTtah Con. .011 .01" .oil .013
Union Chf. .07 .11 .07 .003
Victor Con I .03 .01 .03 .05
Victoria C. .51 .5S .56 ,5S
Gilbert ... .0S1 .0-ji: .iKi .in
Van Con. j .10 ' .IS I .11 .is
Ver Cop. .1 .10 .15 I .10 ,
Gd C. crn. .01 J ! .014
Moscow .. .25 .45 j .50
Bingham Anialgumatcd, 2000 at Cc; C0QD
at Glc, buyer Mxty days; 1000 at 5Jc.
Iron Blossom, 1000 at ?1.27.
New York. 2000 at ic
Plutua, 120 at 7c.
l'l luce Consolidated. 500 at $1.70.
Seven Troughs Coalition. 100 at 53.15.
South Iron Blossom. 1000 at 1c.
Swansea- Concolldated. 300 at 3c.
Victor Consolidated. 1000 at 4c.
Yankee Contfolldatcd, 100 at 17e; 400 at
15e: 100 at Ific.
Share old, 11.620.
Selling value. ?2'J65.40.
Black Jack. 1000 at 13c.
Colorado. 300 at ISc.
May Da 1000 at 20c.
Swanuca. 1000 at 2?c
Shares sold, 3300. -Soiling
Gold Chain. 100 at 01c.
Seven Troughs Coalition, 1000 at 30c
Share sold, 1100.
Selling valuo. J3I0.
Iron Blossom, lS'u at 11.30; 200 fit
Crown Point. 1000 at 5c
May Day, 500 at 20c.
Prtnro Consolidated. 400 at ?1.70.
ShHrtJ sold. 07M.
I Selling value. ?:oo.r0.
Dou'l waste your moncr huyinr
itreuutlicninp piasters: Cbamberlaiu's
Liutnicjit is cheaper and better. Damp
cu a piece of flannel with it and bind
lit ovur the' affected parts and it will
'rclisvo tho pain and soreness. For salfl
j by all dealers. (Advertisement.)
Joiktu money, but it does perfcet work.
We hu' e it. Century Printing Co,,
07 Posloflice place. (Advcrtiicnicnt)
ELY MERGER SI
Giroux, Coppemiines and
Nevada Con. Are Reported
Planning" lo Consolidate.
IS LOGICAL CONCLUSION
Ownership Is Likely to Abide
in the Utah Copper
Although there has been a report re
vived frctiuently during the past fow
years of gigantic merger of Ely copper
properties, from which nothing moro than
discussion resulted, there is a conviction
among knowing circles today to the ef
fect that such a deal is now pending,
and there arc many evidences obtainable
tending to establish the belief that this
deal will be consummated without fail.
Jt Is anticipated that the deal wUl be
completely rounded out by the. first of tho
year, or by tho early spring at the
Those who nsaert to some inside in
formation in this inatloi- state that the
deal Involves tho acquisition of the Glr
oiix Consolidated and Coppcrmlncs prop
erties by the L'tah Copper intcreats, por
haps by an exchange of the present Gir
oux and Coppcrmlncs shares for those
of tho Utah Copper company, and, per
haps, tho calling in of all tho outstand
ing Nevada "oiisoHlatd stock for ex
change for the Utah Copper shares.
Is Rich Copper Ground.
Should this deal be consummated along
the lines as rumored, it would bring un
der one main head the three ISly compa
nies mentioned, thereby making a very
great saving in tlxed charges for all con
cerned, bringing together one of the lar
gest copper-bearing areas In the west
and a tonnafio of coppor ore which would
constitute for the owning company an
enormous asset. Tho Giroux Consolidated
company, which, by tho way, owns tho
control of the Butte & Ely and of ex
tremely valuablo water rights, as well as
Its own mineral acreage, has both con
centrating grades and almlght smelling
grades of copper oro which unquestion
ably 'can bo better realized on by such
a merger, whilo the Coppermincs com
pany during recent months haa been de
veloping it large, tonnage of both kinds
of ore, being ono of tho big ahlppcra ot
Tho deal would have Ihe further slg
nillcancc of associating tho Cole-Ryan
interests in a substantial manner witli
those of tho Utah Copper company, tho
relations of these two powerful combina
tion of intcrcsl3 being extremely cordial,
which a merger at 13ly would tend to es
tablish all the more faithfully. It is a
deal of wide possibilities, and if rounded
out along the IIucb laid down would un
questionably meet with the approval of
Other Mergers Coming.
Those who give tho copper mining sit
uation attention beliovo that there arc
going to be ueveral big rearrangements
during the coming year in tho copper
world. Utah. Nevada and Arizona doubt
less will bo tho scenes of several consol
idations which will still further cement
the producing Interests, and It will mean
the removal of qevoral active stocks mar
ketwlsc. In the long run some 3uch ar
rangement will be. necessary for the
preservation of the copper industry.
Deal or no deal, one thing Is certain,
thero arc a great manv who are entirely
too busy to spend tho lime they arc with
tholr ears to tho rails without thorc be
ing something to rumblo In tho distance.
BUTTE CENTRAL IN
POSSESSION OF ORES
Butle Ccntral'a new inill Is now practi
cally ready to start up In Butte, but need
ed adjustments may postpone regular
running until tho first of the year. The
company bun oro reserves estimated in
excess of 2.000.000 Ions, which recent
development:! on the "00 level have in
creased in value from an average of $11
to 512 a ton. The company is now nego
tiating for .'t good deal of surrounding
territory, Including a rich zinc mine, ay
Its shaft on the Ophir mino will undoubt
edly becomo the working shaft for a
number of surrounding properties. That
section of Butto Is thickly built up and
shaft locations arc hard to get.
The Utah Oro Sampling company on
Wednesday released six euro of ore from j
Utah, three cars from Colorado and one
from Nevada campa.
Boston Mining Stocks.
James A. Pollock & Co., bankers and
brokers, furnish tho following, received
over their private wire yesterday after
noon: BOSTON COPPER RANG 13.
I Salcs.l If. L,. ICIsc
Algomah S75 41 HJ 4
Butto & Balak "vS ."I 'HJ 31
Butto & Superior.... SOS -13 47J S
Calumet t Arizona.. rJO 79C 70 7:2
Chi of Con r.O IS 1 12
Copper Rango 10 "" 57 57
Daly - West A r.3 1
Davis Daly I'd 2 2J '21
ICast Butto 13" In 1 15
Giroux Con 4 41 41 Al
Granby Con 03i5 751 7.",i 75
Greene Cananea. 3,003 06 01 f4
Hancock 'J5J 25 2"
Indiana Copper 17 16 17
Inspiration Con 191 19" 19J
Lake. Copper S30 SH 303 01
Rose 25 2J 2i
Maon Valley ....... -190 12 12 12
Nevada Con 2001 22J 221 222
Nevada Utah I He! lc V,c
Nlpisslng SI S! SS
North .Butto u,u20 07J 3GJI SCI
North Lake 'M 3; 3
Ray Con 150 22 22 I 22
Superior & Boston.. 1151 2" 2J 21
Trinity sr.i 5 I 5 r.
U. S. Smelter, com... 3901 10! MV 4GJ
Preferred M7 51 ! 51 I 51
Utah Con 230 13' 331 13J
.Pond Creek 250i 27' 27),1 27
BOSTON CURB CLOSE.
' I Bid. lAskcd.
Amorlcan Zinc '30.75 $31.25
Arcadian 2. CO 3.00
Bczolo 2.00 2.50
Bingham Mines -1.75 5.00
Butto & I-ondon 50 .53
Calaveras 2.75 3.00
Holvotla i 75 .95
Krr Lake- 2.62 2.75
Keweenaw 1.95 I 2.12J
Majestic . .-: .15
Maf-.achU8Qtts v G.25 G.75
Michigan - ' 1.75 2.00
Miami 2S.25 2S.50
Mayflower 1C.50 ltl.75
Nevada Douglas 3.75 3.S71
OJIbway .' 2.S7JI 3.25
Tuolumno '. ... 2.S7 3.12
Victoria 2.50 2.6"J
Winona 4.00 4.50
Wyandot . . 1.25 1.50
Utah Apex 1.75 ! 2.00
ISnylc "t Blue Boll 1. 00 1.061
Pond Creek 27.00 f 27.50
S, "IV. Miami 5.25 tj.OO
1 Paso 5.75 5.S7J
South Lako G.75 7.00
Shannon 11.50 15.00
Old Colony 30.62 10.75
Ohio Copper 1.60 1.55
Groeno 9.571 9.50
Boston Ely ; 1.00 1.06J
Belmont . I S.50 S.55
Butte Central S.37i S.50
lloton Copper .1 S.75 1 9.00
Oncco ...i 2.0tfrl 2.20
LARGE RESOURCE II
Company Has Struck Banner
Ore Bod' of Very Pine
On reaching the city Wednesday noon,
Superintendent A. O. Jacobson of the
Alta Consolidated company was a.ble. to
give local shareholders some idea, of tho
new developments in this Alta mine
which, for a week or moro past, have
been reflected In the steady market ad
vance of thla Issue. Tho work now be
ing done by the management Is on a
level with the bottom of the Brooklyn
shaft, the management driving to the
west from this shaft and driving to con
nect on tho sm level from the lop of
the ralso from the lower tunnel lovol.
These two faces arc very near each other
and connctlons should bo mado ut prac
tically any hour, us tho two forces can
hear each other at this time.
In raising from tho lower tunnel level
tho management opened from two to
four feet of splendid grade ore all tho
way, and when raising was stopped so
that drifting cast might bo done, the
western sldo of tho ralso showed a num
bor of largo lime boulders. Mx. Jacobson
had theso boulders removed and at tho
other side of tho samo was found somo
very rich ore.
A drift waa started on thin oro imme
diately to tho west, which has proceeded
for llfteen foct at which point a cross
cut (o the. north was driven for eleven
feet, and the wholo work of drifting and
cross-cutting was In oro with oro at tho
top. sides and bottom and nothing to in
dicate Just how far It would extend In
any direction. Tuesday night ono single
Jack miner took down seven mlno car" of
this ore- Tho first average samplo of this
new resourco assayed 28.4 ounces silver,
42.0 per cunt lead and 0.03 ounces gold.
Mr. Jacobson brought down with him 'an
avcrago sample of tho whole body, as
says on which aro boing run at tho pres
ent time, Tho oro Is a mixed carbonato
Mr. Jacobson states that this looks to
him llko a typical great oro body for
which tho Alta camp Js famous. This
oro body la just 1500 feet distant from
tho famous resource of tho Kmnu prop
erty from which $7,000,000 was extracted
in tho early days. It Is ono of tho most
Important discoveries over made In this
well known properly, and 7Ir. Jacobson in
more confident than ever beforo that
tho Alia Consolidated is on tho vnrso of
demonstrating its merits beyond all question.
BONANZA ORE FROM
SEVEN TROUGHS MINE
R. J. "Evans on Wednesday received
a largo samplo of tho gold oro being
found on the tenth level of the Seven
Troughs Coalition property, and it Is
beautiful rock, better looking than any
thing ever found In this well-known yel
low metal producer. The oro la opening
splendidly and Iho company la proving
tho contention of General Managur Fried
man that a new mlno and tho blgget
end of tho property will be found on
and below tho tenth level.
Novadas in San Francisco.
James A. Pollock & Co.. bankers and
brokers, furnish tho following, received
over Ihclr private wlro yesterday aftcr
noon: - Bid. Asked.
Jumbo Extension S .30 $
Blue Bull 03
Silver Pick 07
Lone Star .." 04
Atlanta 17 .IS
Dlamondfield B. B. Con. .04 .05
Goldfleld Daisy , 05
Combination Fraction .11 .......
Kov.anoR 04 .......
Spearhead , 01
Yellow Tiger 21
Goldfleld Consolidated ... 2.30
C. O, d; OS
forger Mines 33
Consolidated Virginia 32
Halo and Norcross 73 .......
Savage OS .10
Sierra Nevada 2S
Union 37 1 .35
Ml .pah Extension CS
; Montana Tonopah 2.00
Tonopah Extension I 2.70
Tonopah Belmont S.C21 S.75
Veul End Consolidated l.Gv
Jim Butler 71
I Monarch Pills. 35xlenslon . -24 .25
Tonopah Merger 93 .91
Manhattan Consolidated 15
Golden Wedge .OS .09
White Caps 11 .11
Manhattan Big Four 39 .40
Pittsburg Silver Peak ... -SS
San Francisco Oil Stocks.
James A. Pollock & Co., bankers and
brokers, furnish tho following, received
over their private wire yesterday afler-
1 Bid. lAskcd.
Caribou 5 .90
New Pcnn'a 53 f
Saner Dough 1.G2J
Turner .30 .......
WK. Oil 2.00
Now York Mining Stocks.
James A. Pollock Co., bankers and
brokers, furnish the following, received
over their private wlro yesterday aftcr
NEW YORK I-rSTED STOCKS.
I Salcs.l 11. I Jj. ICIsc
Chlno 2,600! 1S1 471. IS
Goldfleld Con 4,500 2il 2J 2i
Nevada Con 1.200 22X U2i 22C
Bay Con 3,S0O"2 22 22 21
Tenn. Copper ' t 40! 401 40i
Miami Coppor ! S00 2S1 2S 2Si
Utah Copper 2,0001 G3S G3 G3i
Inspiration 4,500! 195 19 191-
Studcbakcr Con 1001 13 I 43 43
NEW YORK CURB RANGE.
I Sales.1 1J. U. !Clae
Giroux Con 500 42 4J 45
Ohio Copper 200 II 1J 1$
Mason Valley 300 12ii 12 12
Bradcn Copper "001 Sj S5 SS
Ely Con 400 17cl 17c 17c
Nevada J I Ills G00I II' 1J 1$
Kerr Lake 100 23 23 2$
Belmont 200 St Si SJ
Tonopah GJ lij 01
Ala ska I SSI Sij Si
NEW YORK CURB CLOSE.
I Bid. iAskcd.
Ely Consolidated i$ ,17 1$ .30
First National Copper 3.S7JI 2.121
Giroux Consolidated 4.50 4,624
Yukon Gold 3.00 3.121
New Keystone S.00 2.12i
Niplsslng 3. SO 8.C21
Ohio Copper 1.15 l.G-'JI
Ray Csntral 2.37$
La Rohc 2. 15 2.50
South Utah .26 .374
British Col. Copper 4.60 4.65i
Uny State Gas 15 .55
Bra den S.75 S.S7i
Mason Valley f 12. 121 i:,l'I5
Sioux Consolidated 01 j .0G
Colorado 1G 1 .20
Iron Rlonsom I 1.20 I 1.30
fnrlwi ' .03 .15
Nevada JIllls 1.45 . 1.55
Wmp Don't Admit 1 1
RllIPP r House j
You must drink beer not only :; ii
made pure, but kept pure.
stasi Purity exceeds all other costs in
ovfr brewery. We even filter the air in which J j
Schlitz is cooled. We scald every tub, keg and
j barrel, every pipe and pump, every time we use it. ft
gsJ? Then, instead of putting pure beer in light glass I
J bottles we use Brown Bottles.
ijj Light starts decay even in pure beer. Dark glass gives f
the best protection against light. The Brown Bottle pro- jg
tects Schlitz purity from the brewery to your glass.
We began in a hut, sixty years ago. Today our agencies ;
dot the earth. Our output exceeds a million barrels a year.
More and more people each year are drinking Schlitz. f jf
Why don't you, too, drink only pure beer Schlitz in I &
Brown Bottles. M.
Operations at tho Tennessee Copper
company contiuuo at a. rceyrcl-braiking
pace and tho indications point to October
results bollix equally as good as Sep
tember, which month was the host in
the history of the company, say Thomp
son, Tor.Io & Co.
Tho custom feature of Tennessee
Smelting operations is working out very
well indeed and a considerable Increase
in production has been made. Not only
is the production creator but. on certain
of theso ores thero is tho quotation
profit which the Tennessee company re
alizes, owlns to the higher metal prices.
This Is also making greater earnings.
The Tennessee company is now turning
out approximately 500 to 550 tons of
sulphuric acid a day and this amount
will gradually increase as colder weather
comes on until it is brought up to GOO
to G50 tons a day. II Is estimated that
for the year the production of acid will
amount to slightly over 200,000 tons.
As the year of 1012 drawa to a close,
Iho indications aro that tho total gross
earnings will amount to between 51,250,
000 lo 51,n00,000 or nftor allowing for
depredation charge, a llguro closo to
$1,200,000 or 51.250.000.
Tcnnessu has 200.000 sharea which
should indicate earnings around Jt per
share. At tho present time, however,
under the higher price for copper metal,
which was not fully felt until summer,
the earnings arc running considerably in
excess of this amount.
EASTERN MARKET IS
James A, I'ollock & Co., bankers and
brokers, furnish the following, received
over their private wlro yesterday after
noon: Paine, Webber & Co.. Boston. Old
Colony and Mayflower were the
two most active- stocks on tho lo
cal list. The buying was duo lo the
rocont bullish advance for the day, the
buying being better than wc have seen
for eomo time. Granby wus weak on Ut
ile short selling and the catching of sjop
orders. Near the cloee, however, an at
tempt lo buy 100 shares cuttscd a rally
of a point and a half, so that the clos
ing price showed littlo ncl change ror
Logan Bryan. New York. Dull and
uninteresting hardly describes tho atato
of trading today. Several attempts were,
made to depress prices, but very little
long Block was dislodged on the down
turns and prices, recovered slowly, ho,
aa a result of the day's trading, prloo
changes for tho most part wero nomlnul.
Foreign news was nornnwhat conflict
ing, though not alarming and in con
nection with monetary condltlona 11 was
uald New York is likely to be represent
ed at bidding for new South American
gold arrivals in London ncxl lorniay.
The market still appeared to bo In n rut,
but Judging by the character of tnc
trading recently, wc bollove that any
news susceptible lo a favorablo construc
tion will bo reflected by u substantial
Tho olemnnt committed to the side of
declining price Itux sold stoekn during
the post few weekn on all newn of ad
verse nature without bueci-edlng to a
cry great e?:tcnt in forcing liquidation
of long stock except, perhaps, in those
special issues which have been adjust
ing their market position In keeping with
the rather clearly defined proupccls of
tariff revision early next year. Shou
tho money position improve only senti
mentally it Is not Imposslblo that qulto
a little buying will be stimulated, which
would bo easily reflected by n higher
range of prices, owing to tho fact that
the professional clement has been for
quite a period and still Is bcarlshly in
clined, with tho consequence that the
short interest has assumed rather fair
SEARCH IN NEVADA
FOR POTASH SALTS
The results of oxploratlona lor salines
in Silver Peak Marsh, New. recently
made by the Unilcd States ecological sur
vey aro just published In a short report
bv Tl. B. Dole ot tho survey, as bulletin
uUO-iR. an advance chapter from bulletin
530. Silver Peak Marsh is a salt playa
or dricd-up lake, of prehistoric origin,
about twenty miles west of Goldfleld and
twcnty-flvo miles southwest of Tonopah,
two well-known mining centers of Ne
vada. The exploration was mado for tho
purpose of ascertaining whether deposits
of potasli salts In commercial quantities
lie within easy reach of the suriaco. No
extensive beds of such salts wero dis
covered, although tho salts in certain
samples of brlno contain as much as
".IG and .".SO por cent of potash (IC O.).
Drill holes wore sunk at several points
In the old lako bed by means of a small,
portable drilling oulilt. operated by a
burro, the borings being carried to a.
depth of about, fifty feet.
Practically tho entire surface of the
playa, thirty-two square miles, is cov
ered with salt that averages in depth
about pne-quartcr of an Inch. The upper
muds, averaging probably ten feet thick,
contain not less than 2 per cent of salt.
It Is estimated that not less than fifteen
square miles of the northeastern part
contains a ten-foot saline bed of which
at least l0 per cent is salt. It Is calcu
lated from these moderate estimates that
15.000,000 tons of salt llcts with forty feet
of tho aurfar.c. The high rate of evap
oration, which would permit solar con
centration of brines, the absence of long
continued rainfall to Interfere with oper
ations, the nearnctB of a railroad, and
more especially tho high degree of purity
of tho product as indicated by analysis
of the brines aro extremely favorablo
features in regard to the possibility or
utilising these deposits.
Slt Is now being produrcd on a nmall
acale bv Frank Porter of Sliver Peak,
who states that about 150 ton has been
basgud and sold in thrco years.
Oro aiid Bullion.
The ore and bullion report for Wednes
day, given by McCornick & Co., was as
follown: Ore received. $100,000; bullion
shipped. 5152.000; total. J232.000.
The metal quotations for Wednesday,
posted by McCornick & Co., wero as fol
lows: Silver. 62Jc: lead, Si.75: copper,
The Utah Cooper company In October
produced 2.12S.702 poundu of copper.
J. William Knight, who ban been mak
ing a visit to New Mexico mining prop-
ortici!. wo3 a Salt Lako visitor oi m:
An assessment of one cent a
has been levied on tho Centura
which Is delinquent on Deccmbor;
sale day being January 21. j . I
It Is slated In explanation of;
cent bidding for Iho McDonald E PC
that the company plaiiK to rcau CS
orations at an early date. !
The Karns tunneling machine i
day afternoon ate Its way throil j'j:
concroto block prepared to lest$ , V?
flcloncy. making twenty inches-
many minutes. jg M
I Only a Fire Hero $ &4
but, the crowd cheered, as, with,
bauds, he held up a small ronn
""Fellows!" bo shouted, "tbii! V"
len's Arnica Salvo T hold, has jjfr
thing- beat for burns." Hicht! t ,
boils, ulcers, sorca, pimples, ','
cuts, sprains, bruises. Surost nil '.,
It subdues inflammation, kills?
Only 25c at Schramm-Johnson,!
We notice that all the a tot
ball players are now bein. e
gaged for the 1913 sfj
What is worrying us tfj
whether to tic up with till Jr..
man or take a chance on;j
ball team. (That is, if wi
keep out of jail.) j
FISCHER -KITTI I
COAL CO. j
"We've Paid tlio Bent.'
Office 277 S. Main! :
Tel. Ex. 401.
STOCKS, BONDS, GRl;
James A. Pollock
BANKERS AND BRKE,VIS!I
M3.335 8outh Main Street (P,ll,3,"t
Suit Lk city. :M
DIreet Prtvato Wir to XU
Duplux System Ono Relay to jM??!
ud Boston. j,,
CorreonoadenU Members oil ZM
Stocks Carried on LlbfJ
gpscUUsts in Mountain iitto 1
And Tslejrcapfl. '