Newspaper Page Text
j;j3jjj, THE SALT LAKE" TRIBUNE, TUESDAY MORNING, DECEMBER 10, 1912. - -:OTg:
IB MET1L STOCKS
i SLIGHTLY LARGER
Less Than Ten Million
Pounds Added During the
I - OUTPUT IS SMALLER
World's Visible Stocks Are
Only Slightly Increased
1 in November.
Tha addition to tho domestic copper
ourplus throughout tlio month of No
vember by only 9,-U9,035 pnunde, as shown
tn tho report of lha American Copper
Producers association yesterday morn
ing, "will conio somewhat as a Burprlae to
copper circles, as doublo that figure was
anticipated owing to the reported re
duction in domestic deliveries ns woll as
cacporto of tho metal during the month.
It was overlooked that tho atrilto at Ely
and Bingham la juat about becoming a
factor, the November production being
email, tile lowest since lust June.
Production loot month vaa 2 2-1, 085.410
poundn. agulnnt 145.405,-lo3 pounds! In Oc
tober: domwitln dnllvoripfl wero G9.360.70C
I pounds, against 84,104,73 pounds tho
month before. .nd exports wcro 55.30G.
650 pounds, against 47,621,342 pounds Jn
October. On December 1 tho domestic
tocLa of copper measured 86,101,069
pounds, the total dellvorlcs for tho month
being 126,370,345 poundc.
The report, therefore, 1b extremely fa
vorable for maintained market prices for
tho red metal, much moro favorable thRti
tho most optimistic would hcllove posal
blo la-st wo ok. Production is so. little In
oxenas of total deliveries that no large
stocks (ym accumulate, while In view of
thi feur of a ninnway markot a steady.
)vesi though pmnll, addition to tho sur
plun BtocitK In not unwelcome.
The production, domestic deliveries and
Rxports for tho first olovon months of the
ytnr. in pounds, hero follow:
j $ F
Tan UP.337,75r! a2,n42.'J0 lS0, 107,90 1
Feb 110,035,809 C0.228.3GS 03,148.090
Maroh , ... 125.694,001 67,487.106158,770,506
April 125,464,041 69,513.846 58,252.326
-May 126,737,830 72,703.237 09,185.945
Tune 122,315,840 00,146.229 61,440,05$
July 137,101,120 71.001,381 00.121,831
MW' 145.028,521 7S.822.418 70.4S5.150
Hopt. ... 140, 0S9.81D63,4G0,8I0 00.204,796
Oct 145,105.453184.104,734 17,621,342
Nov. 134.605.440IC9.369.705 55.900.550
The total foreign visible stocks on Do
Tmbei' 1 showed a dooreaso during tho
Pant month, Mandlng at 91.520.400
pounds, giving, theroforo, total world's
ylalbln ruppllca on December 1 of 177.
MMfto pounds, ngelnst 174.141,534 poundK
nn i November 1, 1912. nnd nRoinst 119,
'i07,oGS poiinde on Soptember 1.
Statistics of 1911.
For tho purpoao of comparison, tho fol
lowing 1011 Btntlstlc3 are given. In
pounds, showing tho domestic produc
tion, total domcutlo deliveries and ex
ports and domestic Blocks by months-'nn-
lob. .. 109.S2S.207 95.610,017,156,037.770
'lTfP H'S'5!!2-080 125.101.910 102.007,934
May .. 120.932,511 120.522.5201103.995 932
Juno . 124.554.31i; 133,110,0S0fir.7.434.1G4
iV,': " JJIHSHsi "1.863 240137 7SS S5S
Itt'Xl 129.791.024'133,441 501
CM ' iil'o'ftS 103.135.5951140.894 850
xSV. " Hf'SaS'li: 1452.656 134.997.G42
TW 1.0S9.05S 111 7S5 1SS
Dec. . 122,S90-,097 145,227.190 89.451.695
, ri9i'l. 1.431.93S.33S Mfi4.plS.S3S
IM'DONALD ELY HAS
ISSUED SOME BONDS
' Sloonf.nn5H?. Lbin6s tn amount of
4100.000 IB to be made by the 2tfc
thft'r Copper company under
tins terms of a mortgage filed In the
?n?CeTrffi,lc ?0,,nty "border tod y!
of c,1i aTvav nss & Trust comnanY
of Salt TLalco Is made trustee. The
n?ntiSnl!l bf l" denominations
of 11000 and 500, there being fifty
of the larger and 100 of the smaller
denomination provided for. The onus
will bear G per cent Interest and nr
to do dated November 15, 1912 and
run for a period of three yen rs' ma
turing In November. 1915. The com
pany will have the right, however, to
v ember lo, 1913, or on any semi-annual
Interest day thereafter on the
W11'"' all accrued Interest to
gether with a premium of 5 per cent
on the principal sum. cn
Tt has been known for tome time
that plans for financing the companv
hv een shaping up In So! " take
o that operations could be resumed
an? 'u11 de,al"s of the plans have
mWU not yet been made public, u j. ree.
Mm ported on what Is believed to be re-
mm fable authority that besides the bond
1 J.ue theu company n1ll be further
W rnnd P' th0 '-e ,of tr3ury stock
Wmu 20,0,nfl E- A,,v,aH' "e of tiic
Immm wealthlesc residents of Salt Lake e
president of the company and Is said
to have made an agreement with
other owners of large blocks of th"
xtock to have complete control of the
Senator Reams of Utah Is .Hfo one
of the hcav- shareholders and re
mW turned a few days ago from A
mmm Jork on business connected with tho
mm deal. It Is presumed ho went for t e
purpose- of placing the bond ue
hrough a prominent banking hotige
,7;Hi$l!"1I,f,?;1"111 beo 530.000
ri debt which will be paid off from
tho proceeds of the bond issue and
ino balance of the funds will KO Into
tlio company treasury to pav for d
The metal quotations for Mondav
posted by McCornlck & Co.. were " f0U
The Utah Ore Sampling companv on
Monday released ten cars of ore "from
Ltah and three cars from Nevada camp"
I Swellings of tho flesh caused by In
flammation, cold, fractures of the bone,
toothache, neuralgia or rheumatism can
lSTiSlle0rl5J?rT,5PDlyiJ,'J B ALL AR D -S
SNOW LINIMENT. Tt should he well
rubbed in over tho part effected. Its
great healing and penetrating power
eases tho paiu. reduces swelling and re
stores natural condition?. Price 25c
oO-r ?nd $1.00 per bottle. Sold by
Scbramm-.lohiif-OD DniK--. pood stores.
pWf Bed telephone scrvico compels
Iff1 chBoce. Order Krotnola by mail only.
K '1 P. O? box 107, (Advertisement.)
COLORADO HAS H
BODY 0FG000 ORE
Discovery Evidently Is of Im
portance Also for the
If all reports are true, tho manage
ment of the Colorado Mining company on
Monday made a discovers' for which tho
world has been waiting ever since it
became known that the great ore chan
nel, from which the company had taken
Its millions of dollars of ore. was becom
ing depleted fast. It Is stated tlmt the
company to the northeast of the original
channel, and hi a position that lo deemed
Important for the Crown Point property,
has found a six-foot fnco of now ore, all
shipping grade, following which discovery
came largo uupprtlng orders for both
Colorado and Crown Point,
Details of this discovery arc not ob
tainable at this curly datu. but In case
(ho Colorado company hns broken Into
a now chnnnI It seems I hat the company
Is entering upon a new era of produc
tion and carnlnKC, while If It Is merely
an off-shoot of the old channel It Ktlll has
possibilities of visry great significance
and It Is a happy turn also that these
conditions make the old Crown Point look
up a bit.
Colorado mlnlmr directors will hold
their meeting today at Ptovo. and it Is
taken for granted thot tho opportunity
will bo seized to declare t lie Christmas!
dividend which President .Icsse JwilKht
stated navcrnl weeks ago would be declared.
It Is expected that the Gold Chain
directors will meet today and declare a
dividend of 3 cents a share, payable
In time for Christina?, alto that Ihc
Grand Control officials will declare a
sllvldond of 5 cftus a share, to bo paid
before New Voar'a day. The Opohonco
company In not expected lo mr-ct this
month for dividend action as .Tanuary
Is the regular period for this happy pur
pose. San Francisco Oil Stocks,
.lames A. Pollock t Co.. bankers and
broker.", furnish the following, received
over their private wire yesterday after
noon I Did. lAsked.
Associated Oil 1$ $I3.00
Palmer ... 18
Silver Tip 40
S. W. &. I? 13
Turner . .80
New York Mining Stocks.
.Tomes A. Pollock & Co., bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon: NEW YORK LISTED STOCKS.
Salos.l II. I L. IClso
Chino 12,400 43g 41i 411
Goldfleld Con 1,400 1? 14 la
Nevada Cop 3,400 20 191 19i
Hay Con 12.S00 20i 193 19J
Tcnn Copper 2,300 39 37J 371
Miami Copper 2,100 20i 25S 251
Utah Copper 1.100 COS HSJ GSS
Inspiration 1,700 19 17? 17
Studebakcr, com.. 200 -104 40 40j
NEW YORK CURB HANG 13.
Salen.j H. L. IClsa
First Nat'l Copper IK 11 Is
Glronx Con 1,200 31 35 Si
Ray Central 28 2 J 2a
Yukon Gold 3A 3 .'1
Ohio Copper 18 H H
New Keystone 2J 2 2
South Utah 1,000 i 5 i
Mason Valley ...... 400 111 H1 118
Bradcn Copper 5,000 10 10 10
Ely Con 12c 10c 12c
La Rose 500 21 21 2i
Nevada Hills 3,000 31 18 l'tj
"Belmont 200 81 Si! SH
Tonopah tij 02 Gg
Alaska 9R 91 9i
El Paso 600 Cj 6 G
NEW YORK CURB CLOSE,
Ely Con 5 .09 S .11
First Nat Con 1.50 1.75
Glroux Consolidated 3.25 3.371
Yukon Gold 3.00 3.121
New Keystone 1.S71 2-. 00
NInlRslnir 1 Bsnl c cot
Ohio Copper 3.25 1.373
Ray Central . 2.371
La Roae 2.50 2.021
South Utah 25 .371
British Col. Copper 4.25 4.50
Bay State Gas 50 ,021
Braden , 0.S7J 10.00
Mason Valley 11.12! 11.50
Sioux Con 04 .07
Colorado 19 .26
Iron Blossom 1.30 1.40
Carlsa 05 .35
Nevada IJIUs ,. 1.371 1.45
J El Phko 6.00 G.25
Ncvadas in San Francisco.
James A. Pollock & Co.. bankers and
brokers, furnish the following, received
over their private wire yesterday aftcr
noon; 1 Bid. I Asked.
Sandstorm $ .02
Jumbo Extension 25
Vernal , 10
Blue Bull 05 ...
Silver Pick 05
Lone Star .04
Oro 03 ... .
Atlanta -13 mu
Great Bend o'J
D'tletd B. B. Con 03
Goldfleld "Daisy ' q'
Combination Fraction 07
Kewanos 04 .
Goldfleld Con 1.55
C. O. 13 04
Merger Mines .25 ...
Ophlr :to .31
cxican 1.G21 1.05
Con. Virginia 30 .31
Hale and Norcross "09
Yellow Jacket 25
Sierra Nevada , .29 "30
Union .21 "
Challenge 02 "03
Ml7.pah Extension 50
Montana Tonopah j 30
Midway ,' 30 !
Tonopah Belmont S.50
Tonopah North Star 19 """on"
West End Con 0,325 .
Reacno - ""14'
Jim Butler GO 'ei
Cash Boy '. -..I .05
Boston Tonopah "'hi'
Tonopah Morger sn" t
Manhattan - "
Mxiihatt.-in Con .....I 10 1 11
G. Vdgc .1" qo J
Vhiti Cap I ,os :
Bier Four I . .55 I
Other district I
Nevada Hills i 1 .10
Hound Mountain j '.?.
Tliny Always Help Elderly People.
Foley ITidijcy Pills dvo just, the help
elderly people need to tone and
strensrthen their kidneys and bladder
and relate their action. John c
Mnsiers. Strcafor. 111., sny: "T feel
better and stronger than I havo for
many years, and Foley Kidney Pills did i
it." Schramm-Johnson Co. '
H WEALTH FOUND
I POHPHVaV MIES
More Than Five Hundred Mil
lion Tons Copper Ore. in
UTAH BLAZED THE WAY
Net Value of the Copper Out
- put Reaches lo Enor
A few years ago the. so-called porphyry
copper proposition was entirely unknown
and unthousht of, and it remained for
n Utah property nnd Utah onRlnccrs lo
blaze the way for tho addition of . un
told millions of dollars in mineral wonlth
to tho western part of the country, plac
ing in sight the largest combined tonnage
of copper oro tho world 1ms ever wit
nessed and In ?o brief a period as to as
tound the statisticians as well as the
These propositions today have a stated
total of 5S7.690.1S7 tons of copper ore
blocked out, with but a part, of the known
mineral area developed, the average of
tho -whole being above 2 per cent cop
per. It Is estimated that the alx com
pa nlea will recover from this enormous
tonnage 12.109J 91,723 pounds of copper.
Tho averogo cost of production given,
nacing the llgurcs upon the ultimate max
imum of production ami efficiency, will
!2-ci?hL cFnlH a Pound, and with cop
1 . ?a.i'Vw flBlire nH simoon cents
a pound this glvua a net value to this
sn-Tftnn'frnn3"101!,"1, of PPer of almost
59,0.000.000: all heretofore unreckoned
minora wcnltli brought Into tangible
shape In less than a docade.
Tho Fix propositions under considera
tion arc Uie Utah Copper. Nevada Con
so Idatcd, Chlno. Ray Consolidated. In
Hplrailon Consolidated and Miami, in all
which future development effort Is cer
tain to bring forth greater ore tonnages.
iJtP. CPncr Property Js estimated
to hold 301,o00,000 tons of copper oro
averaging 1.532 per cent copper, from
which an average recovery of 20 pounds
to the ton will be made. The ratio of
concentration Is 20 tons Into I and the
Snn"1 Production capacity H to bo 150.
000,000 pounds. With copper at 12 cents
a pound this" companv will earn Si. 22 a
f3'0; t 13 cents, $5.15; at 14 cents,
i-XV af 2 cents. $7.01; at 30 cents,
t.1'. cents, $8.87; at IS cents,
5J.S0. without Including the earnings se
cured by the company from tho control
ling Interest It has In the Nevada, Con
The concentrating capacity of this com
pany Is In excess of 20.000 tons a dav.
Its 1908 output was 43.873.91 G pounds .-it
a pcr-pound cost of S.S5 cents: Its 3909
output was fil. 7-10,233 pounds, cost S.78
cents: its 1910 output was 85,011.511
pounds, cost S.0G eenti); Its 3911 output
was 93.514,419 pounds, cost 7.8 cents. This
company's production cost for tho third
quarter of 1912 was 7.70 cents per pound.
The Novada Consolidated developed!
tonnage measures 40.S53.371 Ions, averag
ing 1 002 per cent copper. A net recov
ery of '3 pounds per ton will bo made.
!nenp;ftn 1 c.nV,ac,t:'' of t,,c company being
?.000 insdaUy and Its capacity produc
tion o,000.000 pounds of copper per an
num ut an average cost of 7 cents per
On a 12-cent. copper market this com
J?2 "V will earn $1.S7 per share: 13 cpnts.
?2.2o; 14 cents. 52.63; 15 cents. 13.16; 1G
cents, S...3,; 17 cents. $3.75, This com
pany has reduced its average annual
1, m .' 4l. c9l,t? Per Pound In 1309
to 7.17 cents In 1913. ,
The Mlanrt tonnage holds the lushest
percentage 01 copper of the six. the aver
age of Its 1S.232.000 tons being 2.58 per
cent copper, allowing Tor the largest net
recovery of CG pounds of copper to the
ton of ore. The plant capacity of this
company Is 3000 tons of ore dallv, tno
annual capacity production being 37,000.
000 pounds of copper at a cost of 9 cents
On a 12-cent copper market the Miami
will earn 51.40 a share; 13 cents. $1.35;
VUnft $2-r;0: U i,-en,sA, 52'75- 15 cents
S3. 20: 17 centP, $3.60. The October pro
duction of the company was 2,S97,750
poundK of copper, the highest production
onth so far being last Amrust, when
i.O-IS, roO pounds were reported.
Exclusive of the Ray Central tonnage,
which is close to 10.000.000 tons, the Ray
?1??JK,at01 company has developed 77,
334,470 tons of ore averaging 2.17 per
cent copper, from which an average re
covery or 23 pounds of copper per ton of
ore will be made. This company's ulti
mate production will be 80.000.000 pound
of copper at a pcr-pound cost of S 5
cents. The company's 1911 copper pro
duction measured 14.935,0-17 pounds, as an
average cost of 10.74 cents per pound, the
first min unit being put Into operation
The per-share annual earnings of this
company at maximum production on n
12-cent copper mnrket will be M.8G: 13
cents, $2.40; 11 cents, $2,94; 15 cents
$3.48; 10 cents, $4-02: 17 cents, 5I.5G. This
company'3 per pound cost during the first
quarter of 1912 was 10 19 cents. 9 95 cents
during the second quarter and 10.027 cents
during tho third quarter.
The last report of the developed ores
J JLL,1..CnI"0 Property gave a total of
o4.9.0.CiG tons, averaging 2.21 per cent
copper, an average recovery or 30 pounds
per ton lo be made. The annual capac
ity -production of this company will be
iO.00O.O00 pounds of copper at an esti
mated cost of 7 cents per pound, al
though tho actual pcr-pound cost during
the third quarter of 1912 was 0.57 cent's
Annual per-share earnings of this com.
l'an7 .n a 12-cent copper market will be
54.02: 13 cents. S4-S2: 11 cents. $3.02: 15
cents, SC.42; 10 cents. $7.22; 17 cents,
$S.02. The present monthly production
Is at thi' rat" of more than 3.500.000
pounds of copper.
The Inspiration Consolidated company
Is about one year from Initial produc
MiJv" 118 developed ores measure 45.
000.000 tons. avernEintr 2 per cent cop
per. It Ik estimated that an average re
covery of 28 ponnd3 per ton of ore will
be made, the annual capacltv produc
tion bcincr 70.000.000 pounds at' a cot of
9.5 cents per pound.
Ore and Bullion,
The ore t;nd bullion report for Mondav.
given by McCornlck & Co.. was as fol
lows; Ore received, $20,000: bullion
shipped. $00.000: total, $80,000. n"ulon
Allow Vhc ladies of St. Paul's jntild
to help you to savo last days' worries
by buyinq- your Ohristmas gifts from
them at the Colonial theater buildine
Friday and Saturday. December 6 and
7. You will find baby clothes, hand
made handkerchiefs, aprons of all
kinds and for nil uses, tailored and1
fancy shirt waists, dressing tanks
fancy articles and home-made candy'
On Saturday, in addition, will have
special sale or home-made cakes.
TINTIC ISSUES WERE
LEADING ON MONDAY
The Tintlc Issues, especially Colorado
and Crown Point, wore the moot attrac
tive on the local market yesterday. The
rcaBon for thee two stocks being in de
mand Id k I veil elsewhere on this page.
At the same time the demand wub ex
cellent for many Issues like Silver King
Coalition. Prince Consolidated, Iron Blos
som, May Day, Wlibert. Union Chief and
Opohongo. The ualos for the day were
for 42,036 shares of stock, the market
value of which was $10,335,90.
The following wcro tho closing trane
I Bid. Askcd. Sold For
Alta Con ... $ .5S 5 .59 i .58 & .59
New Yer ... .13 .10 .19 &
Rico Argen . .0 ,30 .27 tip
T-Quincy . . .30 ..32 .SI d
H Run Cop. .17 .20
Ohio-Ken .22 .30
B C-Stand . .07
McDon Ely . .20 .25
Coluinb Ext. .08 .104
Ely Witch . .001 .09
Ver Mala 30
Rico Well 50
Plnchc King. 45
Wns-Utah .15 ,
Cardiff 28 .35
I A. M. 1 P. M.
I Bid. IAskcd.ll Bid. lAsked,
Lleuk Tun j$ .093,$ .104,;?- .U!5,$ TEoB
Bin Anial .054 .OOJii US
Bl Jack .. .ml .1.'; 1 .11 ! .13
Ccd-Talls ,; .01 j .OH;, .011 .01
Cuniury .01 j , .04 i
Colo Mln'g .19 .21 .'235, .25
Colum Con .12 .4l 1 !
Con Merc . .02 : .10 .02 '.10
Cr Point . .0-U; .05i .04-; .05
P"ly 1.35 1.G2J 1-35 I 1.62i
baly-Judge 7.00 j 7.00
Dragon .30 .30
Uaatern V ,0Ji ,02i .01? .02i
9.' iJl -001 .00H .00i .00?
h J- .Co" 004 004
K T Dov 02 ... 02
'Vfr-X'fl . .05 .10 ' .05' .10
Gold Chain .51 .55 .50 .55
Gd Central .S7 .1.00 .SS .90
Ind Queen 1)1 .... oi
Iron Rloa.1 1.271 1.32lf 1.27s 1 1"2i
Iron King 10 ' jo
'o Row .- .O0JI 004) .10
King ym .02J .031 .02 .0.14
hnK. -0,4 OH -08
Lehl Tntlc .onj .02 .ooj .01.
1-itfle Bell 35 33
M Vnl .. 10.50 H.50 .
JIffF,tftl, U 01 J
Mt Lake . .03J .05 .034 .00
Nev Brit .1 10 .
Ncv IJIUs I 1.425 1.55 1 .30 "I'M'
New lork .01? .034 .011 .022
O Copper . 1.20 1.35 1 ..10 1.35
Opohongo ,t .08 .OSS .07 08
P Demi . .! .0SJ .09 .034 .C9
Plochn M .1 ,01 .02 ioi 0T
P-Idaho . .' .90 .1.25 90 j'or;
Plutus . , .1 .07 .OS .07 .'OS
Prince Con l.f.2i 1.65 1 1 nri
.iiiiiiv i-wji i.irij J..DO l.OJ J.Oil
Rcxall ... .01 .01 .01 ...
Sev Tr 02 .021 .013 "on
Scv Tr Cln. .42 .45 .42 "5
S K Cln 3.25 3.30 3.25 3 32
S K Con 75 1.00 .75 1 00
S"vor Sh .021 .001 .026
Sioux Con,. .03 .05 .023 .05
go I Bios 004 001
Swan Con.. .001 .01 .ni)j 01
.T1"1. C..nt.. .01 ' .011 .01 .011
. Tlntic .01 .001 01
Unc Sam... I .I14I .15 I ,i 15
Utuh Con.. .01; .01j! .014 013
Un Clilef .. .07 .07il .OGi 07
Victor Con .03 05
Victoria C. .62 .09 .02 70
Wlibert ... .12 .13 .llj .13J
lank Con.. .12 .20 ! .12 o
ver cop ! ;r0
Crown Point. 1000 at 43c.
Eastern Prince. 1000 at 2c.
Iron Blossom, 500 at 51.30.
Mountain Lake. 500 at 4c,
Opohongo. 100 at 94c: 1000 at SJc.
Prince Con., 700 at $l.fi2S. . ,
Silver King Coalition, 300 at $3.20: 400
Swansea, 500 at 2c.
Utah Con.. 1000 at 11c.
Wlibert, 1R00 at 12c: 2000 at 12ic.
Shares sold. 10.500.
Selling value. ?46S0.
Daly. SS at $1.35.
May Day, 1800 at 24c; 500 at 241c.
Swansea. 1000 at 3c
Sliver King Coalition, 100 at ?3.25.
Tcrlngton Copper, 500 at. 91c.
Shares sold, 70S.
Selling value. 32031.30.
Colorado. 2000 at 20c; 500 at 201c; SOO
at 21c; 3200 at 24c.
Opohongo, GOO at 81c; 1000 at Sc.
Prince Consolidated, 700 at SI. 65.
Union Chief, 4500 at 7c.
Shares sold. 13.000.
Selling value. C4S.10.
Crown Point. 2000 at 4Jc: 4608 at 5c;
1090 at og4cv buyer sixty days; 1000 at
5Jc. buyer sixty days.
May Day. 90 at 23c.
Opohongo. 1750 at Sc.
Shares sold, 11.448.
Selling valuo. 5G4S.10.
STRIKE IS MADE AT
THE ONTARIO MINE
The Park City Record states that on
the 1500-foot level of tho Ontario property
a fine body of shipping grade ore has
been uncovered and that a forty-ton ship
ment from the llnd will be forwarded to
the market during the present week. This
discovery Is considered one of the most
Important In recent ycar3 on this famous
PRICES FADED AWAY
James A. Pollock & Co,, bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon: Paine. Webber & Co.. Boston Forced
liquidation, which has been in 'evidence
for the past two or three weeks, set
in today in earnest. Prices faded away
all through both lists and the buying
wan not sufflclont to cause even a feeble
rally. Stop orders were caught at every
figures and these helped tho decline.
.Fears of tariff reform, unsettlement of
business and general distrust are the
reasons for lack of buying. In any Urn
like this prices always swing lower than
they should go and we advlso soiling ail
classes of stocks even at present prices
Logan & Bryan, New York There was
a continuance of extremely heavy pres
sure with a lack of Influential support
today. Prices receded easily and despite
short covering on a large scale tho list
displayed very little resiliency and closed
near low. While there was not much news
In circulation, the existing discussion was
again confined to such topics a.s legisla
tive matters, notably tho probable extent
of tariff revision, nnd In addition the
fact that tho advices as to engagements
of sold for Import were not officlallv con
firmed served to direct attention 'to tho
prospects for further hardening tendency
In the money market .before the year
Then too, the fact that the supreme
court did not make known lis findings
in any of the Important cases of Inter
est to the financial community tended 'to
add to that uncertainty which has been
In evidence for quite a period, especially
as it had been hoped that tho situation
would shortly be relieved of such consid
erations as the Minnesota rate case and
anthracite coal cases.
Many are disposed to the view that
the action of security prices In the faco
of highly satisfactory advices relative to
the state of trade and Industry means
that the latter will shortly show halting
tendencies, as the inclination to tread
rlowly will doubtless become pronounced
In view of tho well defined prospects for
many changes In tariff ichedulcp. For
a time It looked as though hysteria was
about lo subside: that is. at tho nd of
last week, but th action or thf market
was Indicative of the fact that the house
I cleaning process hnr not as vet entlml'v
run Its coure. Th" Industrial Incurs urp
still being subjected to verv dose scrutiny
and. as Indicated recently, wo believe
lines of same should be strengthened
and that purchase! of other insucB should
bo uccompanled by very Btout protection.
w aim boons
Investor Has Advantage of
Speculative Feature and of
As a result of the advances which bare
been recorded In certain of the mining
etocks within tho pa?t month, new high
records have been mado in several of
the convertible bondo, says Thompson.
Towlo & Co.
Among tho mosf. pronounced advances
which have taken placo havo been in tho
Bradcn bonds, which Monday sold at
205 and In tho Chino bonds, which a
few weeks ago touched 200. tho highest
price ever reached by theso Issues. "Vhllo
at first sight these bonds appear high,
yet In reality this Is not tho case, for
thoy aro on a direct parity with the sell
ing prices of tho slock Into which they
arc convertible. Below wh give the con
version point, equivalent number or
Hhares and quotations for novoral of the
most important mlnlnc bonds now scll-
ing In tho New York market'
1 Ti2 "
u u .
44 ti w e :
2 B 6 H :
tn ai a o cj o
HQ -Hq 3c SS
m k H O
Bradcn 6s 5 200 200 10
Braden 73 5 200 200 10
Chlno 63 25 40 185 451
Innp. 6a 25 40 110 191
Mason Valley 6s 10 100 125 Vi
Ray Consolidated On 20 50 122 .".2
Utah Copper 0s 150 20 126 02
The above mining convcrtlblo bonds
aro thoiio of tho so-called low-trrade por
phyry mines and aro backed by largo In
trinsic value. They are In general first
mortgage Issues and havo equity far In
excess, if not many times, the bond ia
uue. Convcrtlblo bonds give to tho Investor
tho same speculative features which at
tend the stock and aro particularly at
tractive, whon a considerable time must
clapso before dividends on tho stock are
Inaugurated, as they lnr.uro In the mean
time a return on tho investment besides
greater security than Is offered by the
stock. Frequently these bonds sell at
i prices so noar a parity with the stocks
they represent that It Is to tho purchas
ers' advantage to buy the bonds- Instead
of tho stocks.
GILMORE STRIKE OF
ORE IS PROMISING
Consulting Engineer Maurice M. John
son of the Gllmore and PIttsburg-ldaho
companies returned yesterday from a visit
to thoso mines In Idaho. In regard to
the new discovery on tho Gllmoro ho
says that north on the 300 level Is a
new body of gold rock, assays of which
run as high as S1200 to tho ton. This
looks like something entirely Independ
ent of anything ever found in this mine
beforo and tho officials naturally are
elated at tho slrlko.
Pittsburg-Idaho conditions, added Mr.
Johnson, aro oxtremely satisfactory. The
company continue: Its splendid produc
tion, regular dividend material Is belnr -
accumulated thereby, and tho mine Is
opening new ores continually.
Boston Mining Stocks.
James A. PolIocJt & Co., bankers and
brokora. furnish tho following, received ,
over their private wlro yesterday after
noon: BOSTON COPPER RANGE.
I Salcs.l H. I L. Clse
Algonmh 190 29 21 21
"Butte Sr. Balalc ?,J 31 31
Butto & Superior... G.702 424 40 40
Calumet & Arizona G15 73J 72 724
Chief Con 1,231 1 11 13
Copper Range 522 52J 50 50
Daly West 4 3i 44
Davis Daly 25 12 li 13
East Butto SOO 14j 13? 131
Glroux Con I S05 31 34 34
Gran by Con f 701 GO 06 G6
Greene-Can 1.251 9J 9 9
Hancock 175 24 23 23
Indiana Copper 375 154 li 14
Inspiration Con.. .. SO IS IS IS
Lako Copper 8G0 27 24 24
La Rose 21 2 2s
Mason Valley 60 118 113 111
Nevada Con 202 193 193 193
Nlplsslng 150 81 81 81
North Butte 2,465 34 30 31
North Lake ........ 725 3 21 J
Ray Con ,.. 210 20 20 20
Superior Sr. Boston,. 430 IS 14 li
Trinity .-555 ,j 41 4i
U S Smelter, com.. 100 421 411 411
preferred 2.0S9 50 50 50
Utah Con.. 129 106 10J 105
Pond Crook 1,Q5Q 26 25 25
BOSTON CURB CLOSE.
I Bid. Asked.
American Zinc. $27.S71 ?2S.OO
Arcadian 2.00 " 37s
Bingham Mines 4.37
Betrole nn" n o?"
Boston Ely j.00 iS
Bohemia 2.25 2 50
Butto & London 40 i
Calaveras o mj 0'7k
Ker'' I-"1' also 2 In
Keweenaw o nn "'nl
Nevada Douglas a.30 345
Nf13.5. 5.00 5.55
Michigan 1 -5 o'fti
Majestic 40 -?Ja
Pond Creek 24 GO ia roi
Eagle & Blue Boll jtn 1 fin5
Ej Paso ! cloo G.lr,
Victoria -1 75 o nn
Wyandot V4 1
Utah Apex KS7 2 &
Shannon v Oo" i5 '?n
Soth Lake ; 50 ' 'fioo
Miami or c0
Mayflower jj'gX ;
Old Colony ,. 7' "if, h-
Ohio Copper 'o i'
Greene s'hx 'nn
Helvetia ...I'.: 7Z
S. W. Miami . "00- b'oA
Butto Central r'$5 r2j
Julius Kessler K
1 1 That the Trade has made no reply ifmm -to
his challenge on the age of all lIMgM
other whiskies bottled in bond H 9V ,
agree to the undisputable frJj0E?
proof that W. H. McBrayer's l C?:ltmi
CEDAR BROOK must be A&BW?1
"the world's finest whiskey." I jJr1
Our records have proved Sp '
Moro 7 to 3 year-old W. H.
McBrayer's Cedar Brook Whls- K t?J
key was bottled in bond (2,956,- lf W 35- ZWi'li
944 bottles) in 1911 in our one fjPj feif
Cedar Brook Distillery than all iff) V " ' " ' J&Wt'Kf.'
other brands combined, includ- yjf' vHBf,
ing all advertised, popular cx'J(nJtC J 'j SP
brands made in Kentucky, rlfc) :t. 'Imj,
Maryland, Pennsylvania, and J$)jim
all over tho U.S. bar none 1 C f(Jtmj
Ccdnr Biook is therefore lfrJ?? "mr":
the oldest and best on the Jflfc , 'flBtLr'
ff The Distiller i
BAER BROS. MERCANTILE CO., Distributo
When you pay us for a ton
of coal, we sell you $5.75 worth
of heat value, besides giving
you the best service possible.
When you pay less you get
an inferior coal and less than
your money's worth.
"We've Paid tho Rent."
Office 277 So. Main street
Tel. Ex. 401
STOCKS, BONDS, GRAINS,
James A. Pollock & Co.
BANKERS AND BROKERS,
IS3.S3B eouth Main Street (FIt Bld3.5.
Silt lak city. '
Direct Prlvato Wlro to aU Market
Dupl Syntem One Relay to Nir -yor
Correapondenta Members all Exchnn-.i
took Carried on Liberal MaTclnl
Bp.eliULt. in Mountain State ytlShoa.
IN VERY FINE ORE
Val S. Snow has returned from the Mtu
Consolidated property with news of very
happy Import regarding the east drift
above tho tunnel level. Tho face is show
ing two feet of very rich ore and thosf
who know Alta Consolidated ore assert
that the ore will go $150 per ton or bet
ter. Samples of the oro show It to be
fVom'Vs froperiy3. ha3 Ver bco sho
rAL110 'eat. lrlft tho management It
ra?rJnF 10 bcBln sloping ore for the
market In a day or two nrwi ?h
working Is cholced with 'rock tKt uJor0
The8 S! pipping "grade throughout:
HAMBURG j Mm,
OVKIl too JF iJBto i
SHIPS & 1ko
: I CRUroB
I Panama Canw
I West Indies
I NEW ORLEAnK
1 C0.000 TO.S3.) Se
I Leaving JAN. 23 FEB,lfe;;;
i The Ideal Route for TonrlitB...
H from TVeMtern Stotei. M1'-
I 16 DAYS-$lSSlg
These ernlMcn nflori
most ravoruble opponjrPir It'
m to vlnU the Pniittiim Wh... "
m before Its completion. r?C jfc'
H ToTir comfort naatfi mPM.,,'
H StcHuter Hcrvca na hot&'mfa.,
H Also cruhes to the OiUnl. 'ZmO'W',"
W the World, Italy mi Bnih
Write for Illustrated txU(- 'Mh j,'-
150 V. Jtauiloiph St.. 'WltJ-S !x''
Hum ion. P. & T, A., D. ,t (Lre.M1
ICyea. Oregon Slicrt
Uotcf Utah. Suit LtdoCyJJm
Denver i iatij
BACK EAST EXCUflSlCs
D.c S1.t. 23r Ulmtt
Denver. Colorado SprlnB PSi
Omaha. Kanta titty 3" h
8an Francisco .....''"' fhl'.-...
Low rate to other eM" '"Ejj
am dates. &
Stopovera. Divent mA
To .11 part, of th. l4Sl
I Ot Wain St. PMOM pttl ?