Newspaper Page Text
f THE SALT LAKE TRIBUNE, SATURDAY MORNING, JANUARY -I, 10 13. J
H . . . . - -- - - - - . ,- vH
IUTIS COAL YEflH
Fifteen lo Twenty Per Cent
Increase in Production
Healthy Increase -Noted in
Utah Coal Shipped" to
Coast Points. '
Keturns of the production of coal from
the. -Rocky .Mountain district to the
i nlted States goologlcal survey Indicate
that, taken cs a whole, the year 1312
may be classed as air. Cold woathcr In
tha first three months of the year was of
material benefit in exhausting- winter
"toc'KB, but with the advent of warm
weather tho demand, not only for domes
tic ufle. but for railroads and other com
mercial purposes, foil off sharply. Dull
ness was the chief feature until Septem
ber, when the bountiful crops and general
prosporliy created an improved condition
in the coal trade, although prices did not
advance as rapidly as operators desired
nor reach the level obtained in 101 L
Tho states In this region are not im
portant factors in tho iron trade, and
the rovlval In that Industry was not so
pronounced in Its effect upon coal mining
in tho western states as it wna east of
ho Mississippi river. The samo dcll
lenclefl In labor imd car supply that ln
lluenced production in the cant were tho
aiise of complaint in Colorado. A tele
graphic communication from G. F. Bart
ctt of Denver states that reports to tho
mate mlno ltippcctor shove- a production
rf 9.700.4G4 tons for elevon months. Fstl
natlng the output for December at .
IS2.SSB tone, the total production for the
car la placed at 10.9-13,153 tons, or about
SOO.000 tonH over 1911.
In Xuw Mexico tho car supply was gon
t la'lv zood. hut the labor .supply was !
possibly 15 to 20 per cent short, many
of tho miners having loft Tor the Ralknn
war. In Montana, on the contrary, the
nigh scale of wagc3 nppcars lo have at
tracted labor to the coal mines, and
mere wns a plentiful supply. Nor woro
the Montana, mines sorlouEly hampered
b protracted car shortage. The con
stantly increasing development of hydro
electric plants In Montana Is curtailing
ntonm consumption, but the Influx of sct
tlfia and general agricultural prosperity
in the state and In other states in tho
orthwest to which Montana coal is
shipped have increased the consumption
i' coal for domestic purposes.
Wyoming and Utah.
No comments on the situation In Wyo
ming have been received, but as that
nalc hua shared In tho prevailing Im
movement, the production of coul In 1912
K Is expected to show an high a llgure as
Hl f.iit of tho record made in l'.'lO. In
I tah the revival of tho iron trade has
0 r ol exerted any Influence on coal produc
I ion. Tho metalliferous mines and in
dustries generally throughout the state
have, howovcr, been prosperous, and
iiotuithstnndlitir the. Increase or oil eon
mtiipllon In tome of the territory reached
j"" Utah coal more particularly Cali
fornia and western Nevada the con
sumption of coal from Utah mines has
increased. The actual tonnage, of some
u the larger mines for eleven months
nd estimates for December indicate that
I'tah's production will show an Increase
of 13 to 20 per cent over 1911.
Th car supplv during the last half
f the year has not been all that could
be desired, bin l was not worms than
ror several years past. The Denver &
Rio Grande railroad, over which most of
I tft'i'e coal product Is shipped. Is mnking
vtcnslve Improvements and adding ma
terially to its car supply, so mat It is
Meliovcd that thent will bo no complaints
nbout shortage of car supply or other
inadequate raHw.iv facilities in tho Im
mediate future. The labor supply has
en reduced by the return of many mine
'.orkcrs to th'olr European homes bc
mu'c of thr Balknn war. but even aside
from that the supply has been leas than
.or the last threu or four years.
Wider Utah Market.
Tho markets supplied from Utah coal
nines during tho past year have been cx-
prided rather than restricted, shipments
' Utah co-.il to California and the north
western stateH having had a healthy In
.vase. The demand for colec has been
i.ood throughout the year, owing to the
prosperity it the mining and smelling
ndustrlt-s, especially copper. During the
nat half of tho year there was dlfllculty
i securing a sufficient supply of coke
.irfl. and th coko business has suffered
Ttorc than the coal in consequence.
New York Mining Stocks.
Ismr A. Tollock & Co.. bankers and
brokers, furnish tho following, received
-rr their private wire ycatcrday aflcr
oonr NIW YORK LISTED STOCKS.
I Sales.- Jl. j L. !Clse
T :ino I C900 471 4fl' 105
r.oldlleld Con GOO 21 2 ?i
Nevada Con 900, 191 10J 191
nay Con 2.000! 211 21' 21 i
Tennessee Cdppur ..! 1.0601 39! .".0 ' T.9
Miami Copper 2.000' 26 2G I 2-J
I'tah Copper I 3.200' 00 5& ' 59
Inspiration ' 400 192 IS IS
Ontario Silver ' 100' 2j' Sj1 2j
j San Francisco Oil Stocks,
i .Urnca A. Pollock & Co..- bankors and
Ti-oknru CSS-ICS South Main atreoi furnish
'he following, received over their prlvato
n yeotorday afternoon.
Vid OH IJI2.00 ;?
arlbou 1.00 I
Clarcmonl I I .GO
Monto. Crlsto ' .SO
Palmer I .IS .......
S W. fc U. i .15 I
isrner SO 1
t.r!ing I l.oo !
GEOLOGY 10 ORES
' OF UTAH SECTIONS
Government Experts Are at
Work on Description of
One of the Iargoet contributions made
by the United States geological survey to
tho. world's knowledge has been the store
of scientific and practical truths accumu
lated and presented in Its monographic
publications duaurlptlvo of our groat
mining districts. The detailed Investiga
tion of. these more productive localities is
being continued, but the present policy
of the survey Is to devote mor4 atten
tion than formerly to work of other
classes, such as tho prompt reconnais
sance examination of new districts with
the purpose of making u valla bio
a general knowledge of the local geology
In and of the prospectors at the early
stage of their work, and the preparation
of reports dealing comprehensively with
the geology and ore deposits of different
states, such as professional paper 6S, "Ore
Deposits or New Mexico," by Llndgren,
Graton and Gordon, Issued in 1910. The
survoy now has In active preparation
summary reports on tho geology and ore
doposItH of Utah and Idaho, and a simi
lar report on Arizona Jb planned, but Its
completion must await some additional
reconnaissance surveys In that state.
These two classes of investigation will
be of direct help to the practical min
ing man. Another line of work which,
although of no less real hcnellt to the
mining industry, will appeal . more espe
cially to tho highly trained technical
men the mining geologists and mining
engineers consists of special investiga
tions relating to the problems of ore depo
sition. A bulletin of this type on the
subject of sulphide enrichment, by V .
11. Emmons, is already In prcs.
As evidence of tho wide distribution of
the mining difctricts which are being
studied may be cited the fact that reports
ar: In various stages of preparation re
lating to the Rundsburg district and
Shasta county In California, the lily dis
trict in Nevada, the Ray, Miami and
Tombstone districts In Arizona, the San
Francisco and Tintie districts in Utah,
the Central City. Creed c and Leadvlllc
districts In Colorado, the Torllngua dis
trict in Texas, the .loplin district in Mis
souri, and the Ducktown district In Ten
nessee. A report on the red iron ores of
Tenuosse Is also being prepared.
CHIEF CON. CLOSED
A SPLENDID SEASON
President and General Manager Walter
Fitch of the Chief Consolidated corn
pa nv. who was in the city Friday from
liurekn. stated thnt the company had
closed the pant year with a cash surplus
of. 5305.000. which was such a comforta
ble Increase over the year 1911 as to be
sufficient evidence, of tho sort of year
closed by the organization.
The present dividend rate of the eom
panv calls for monthly net earnings of
?l".u00. and the company Is laying away
lift proceeds nt double this rate. Presi
dent Fitch has brought about this happy
condition through persistent pegging
awav along intelligent geological und
mining lines, and it was by the proper
application of his knowledge of Tlntic
that he has brought the Chief as a divi
dend paver, and the possessor of one of
tho largcHt and most valuable groups of
Tlntic territory, out of several hereto
fore disjointed propositions which wore
but imperfectly developed and under
stood. Metal Market.
The metal Quotations for Friday, post
ed bv McCornlck & Co., were as follows:
Silver. CSJc: lead. ?i..15; copper, 517.C0.
Tintic Ore Shipments.
Special to The Tribune.
rcUKEKA, Jan. 3. Following am the
ore shipments from 'Tintic district for
the week ending tonight and for the year
Lower Mammoth 1
Carlsa ' "
Reck Tunnel 2
Colorado ... 2
HulHon Bock o
Gold Chain 12
Grand Central 1"
Iron Blossom 17
Chief Consolidated -..:.v.f... 20
Eagle & Rluc Rcll ...v 21
Centennial Eureka : IT
I.a Clcdc 1
Shoebrldgc '. 1
Utah Consolidated I
Star Consolidated J;,'.. I
sioux Mill j
Dodge & Rales I
Tlnllc Smelter 2
Crown Point 2
Hutchert Coy 2
Sunbcaip , ., . 2
New Uullion ::
Godlva . 5
Rlnek Jack ... 10
East Tlntic Development 70
Iowcr Mammoth 12
Uncle Sam 1C
Victor Consolidated U
Itidge & Valley . 13
Sioux Consolidated 0
Eureka Hill 09
Scran ton 90
Reck Tunnel -.. 15S
Victoria , '. ICS
May Day ITS
Hulllun Rock 2A9
Yankee v 'jr,0
I Dragon J351
Gemini v 2S9
Swansea ,. r"
EnglcC- Blue Holl m
Gold Chain olX
Grand Contra! S7
Chief Consolidated SIS
Iron nto?om 1,671
Centennial Eureka 2.39b
l Total 9.020
IMPETUS IS GIVEN
TOE ROCHESTER CAMP
Utah, Nevada and Montana
Capitalists Round Out a
A deal recently consummated by which
the Ilochcitcr Mines company is financed
by some of the best-known capitalists of
Utah nnd the west is the most convinc
ing argument the world has hoard to dalu
in favor of the merits of the now boom
ing district of Humboldt county. Nevada.
The interests who hav0 made history In
the far northwest by the dovelopmcnt of
the JiOchor de Uoulo property are those
behind the P.ochcster Mines company. Jo
seph F. Ncnzcl Is president. John JET.
Cowan is vice president. II. .1. Murrlsh
Is secretary and treasurer. II. II. Hun
ter and M. S. Crowning complete tho
board of director?. Mr. Hunter being the
consulting engineer of the organization.
This brings together well-known mining
men nnd Investors of Utah. Nevada and
Montana, whose experience In other Holds
has been successful, and their entrance
at Rochester has done much to indicate
that the new camp has substantial merits.
Such a deal docs much to overcome the
rather enthusiastic statements first sent
out from the camp before a hole was
twenty feet deep, as it demonstrates that
the camp Is worth developing.
Out of all the Nevada booms as a rule
there Is born one real producer, and at
times several big producers arc developed
as in the case of Tonopah. Rochester
gives promise of holding more than one
gold-silvcr-produclng group and it seems
logical that before time drags too far
there will be several new deals rounded
out. both in Hie way of mergers and In
Individual purchases of promising prop
erties. Tho Rochester Mines company, on
what Is known as the Ncnzcl property,
has several leasers now engaged in sack
ing and shipping rich ore, and the prop
erty undoubtedly will be given a thor
ough campaign of development as quickly
MORNING IS VERY
LIVELY ON 'CHANGE
Led bv the Tintic issues, principally
Iron P.lossom. Colorado. Gold Chain. May
Day and Opohongo. business on the
local exchange- Frldav morning was ex
cellent; and 'tho demand was better than
for many days. The afternoon trading
was less satisfactory, but the average
price range remained practically undis
turbed. Tho totnl sales of 22,950 shares
of stock for the day had a market value
of $549.2.".. Among the unlisted stocks,
McDonald Ely, at 20c a share, was the
only one to sell. 500 shares passing
The following were the closing trans
actions: UNLISTED STOCKS.
Bid. Askcd. Sold For.
McD Ely ..!$ .19 I? .22 1 ..
Alta Con ...I .55 I .58
Ring C S ...I .09 I .11
Cardiff ....!.......! .10
If Run ! .1J ,
T Quincy ..I .27 I .01
nico Wei... I .::"i
Opex I .0951
New Yer ...I .lrt .IS I
Plocho K .Oil' .OCil
Col Ex ' .04l I
Ely Witch..: .05 ' .OS
Drag Con ..' .15 1 .20
Rico Argon.! ' .29 I
I Forenoon. j Afternoon.
Rid. lAskcd.H Bid. lAskcd.
R Tun '5 .OOi'S .11 ,1'S .OS l- .10
Ring Amal' ' .051' .07 .05? .OS
Black Jack' .Lid M :t .11 .I2f.
Carisa .... ' .10"'' I .10
Cedar Tal ' .01' .015" .DIM .02-
Col Mill ..! .2J ; .22 II JO I .21
Col Con ..I .10 1' .10 !
Con Mer ..' ' .12 '! ' .I2i
Cr Point ..' .0;:j' .0$ 't .021! .04
Daly I 1.20 ! 1.C24il 1.2." I 1.60
Daly .T ....I fi.05 ! H u. '.'." J
E Prince..' .02 .0211 '.02 I .021
!: Cr Pt ..' .00J! .0021' .00s1 .01
E Con ...I I .00t ! .00i
E T Dev ..! .05 ! .10 i .O.". .01
Gold Ch ..I .K 1 .41?j . ! Ml
Grand C ..I -75 I .75 !l .75 ! .76
Ind Queen.' I .02 II 01
Tron Bios .! 1..13 j l.iJTJ I .l.Ho l..,7i
Joe Row ..! .00i' 1 .00i .01
Keystone .' .Ofi I I! .00 .10
King D I .10 i! ,
King W ..I .012' .OS M .01 ' .0?.
Lend Kins' -00il .OS !! .002,1 .OS
Lehi Tin .1 .00".! .01 ' .00JI .01
Lion TI III .' .01 I .05 M .04 j .05
Llt Bell ..' I .85 ! .35
Low Mani.l .011! .05?' .05 .05-;
Mam ! ! ' ' 2.00
Mas Mt ' .25 1
May Day .2:: I .2:U .23 .M
Mln Flat .' .001' .01? .00t .Oli
Mt Lake ..' -OS I .05.'' .03 I .05
Nov Brit ' .10
Nev Hills .' 1.10 ' l."0 ! 1 .42?.! 1.50
NY I .002- .033M .01 Si .OS
Ohio Cop .1 1.TJ7.I 1.271' 1.121 1.25
Opohongo ' .0' .07 .OfiS .0.
I 'Iodic D .OS 1 .09 ! .OS I .09
Plocho M .' ' -02 '
Pitts Ida..' ' ."0 1.2.)
Pint us .07f .09 .07 .2S1
Provo .. ..' ' .0U
Prince Con' 1.45 ! 1.47 1.15 1-17J
R & A ....'....:..' .0S-'
Rowan I .01 jt .o:: i' . Oli .05
Sev Tr ..J .02 ' .01! .02 I .02
S Tr Coal.' ' .40 J', J .40
Sil K Coal. I 3.02' 3.15 3.00 3.0..
Sll K Con.' .75 I .25 i' .75 l."0
Sioux Con.' " .01 ' .0-; M .01 .07
S Iron R. .' .00J' .001' .00": .00
Swan Con.' .01 .02 ' .01 .01?
Swan Ex- . ' -02 .02.
Tin Cent .' .m ' .01'' .01 1 oi;
So Pftc -01 ' .10 " .01 ' .10
Un in .001' .01 .00?' .01
Uncle Sam' .!U' .13 K .111! .13
Ulan Con.' .01?' .012 .0U. .015
Un Chief .' .009 -OS, .06? .09
Un Mer . .0011... .... ... ...
Yictor On' .ox .0 -!
Victoria C.i .!
iVilbort ... .09' .11 .091 .H
Wabash ..; .lrt,!.. ...V .0 .......
Yank Cou.! A . .17 .13 .10
J'S 000 ,f ;.:!&.::
Gold cVri'.'y. ; ! -02
Iron Hal .!..;..'.......
MOMSOW ... .5.
Addl ' f .DQsi
Albion ............ .25. .20
MM Hill - -03
cnft .ooi, I - - - i i
.Mice ' !i -00
CHsir Talisman. 1"00 at lie
Cilonido, 1000 at 11 : 300 at 2tic: 1300
Gold Chain. 100 at 15c: 1200 ui Itc: 200
at Si?: 000 at 12c
May Day. 1000 at 23c.
Onohonro. 1000 at 7c.
Trlwo Con.. 10O ivt S 1.4 74.
Tlntic Contml. f.0 at Uc: 1 nt lc
Utah Con.. 309 at l?c. . . .
Yankee Con.. 100 at licy- tiller sl.xty
fh,ra5 fold. !2.Co. "K.
Selling; valu. itlOt. . .
OPEN BOARD. - V
iron P.loiro 100 at 51.35: 1JO8 fit il.STj.
Onohn:o rl Tc.
Shro sold. 5KM.
Selling vu. $2302.50.
Eat Crown Point, 10C0 at ?c. '
Iron King. 100 t lie.
I May Dv. 60 at 2ic.
! Tlntlr Central. 130 at H.-.(.
Share sold. 2&0.
Selling value, JS9.73. .. M
1 OPEN BOARD.
Gold Chain, 1100 nt Mo.
Grand Central. 100 at 73c. .
Lion Hill. 600 at 4c.
Shares sold. 2100.
Selling value. JSM.
Y f- I la 1 Or Sump'tnc oniMi 1 of.
IVr'a tIcaJ s! ' a" "f o:f from Tta'i
2 rii.n nr a-nr "
01 IS SAFE 1
Ample Reason Why Copper
Shares .Will Be Leaders
of Market. ,
ON STRONG GROUND
Metal Is Firm, Siocks Low
and Readjustment Period
It would appear that there is ample
warrant for the almost universal Impres
sion that the copper lesucB throughout
1915 will be the principal market leaders
In the east, and nothing but kind words
arc being heard about the producing
propositions which are in a position to
benefit from the firm position of the red
metal. Unless all eigns fail, the average
Utah investor, who has taken kindly to
the copper issues and who has no re
grets aa a conf-equenco of his position
heretofore, will be given as attractive
a scries of selections as he has ever en
joyed. Bearish Momentarily.
Market sentiment for the moment la
more bcurish than otherwise. In that a
traders' attitude is advised pending the
disposition of the various market fac
tors now hanging over tho investment
horizon. Rut tho position of tho metal Is
such that eventually the copper shares
are bound to rellcct the genulno situation
and it may not be long until the situa
tion Is as favorable as could bo desired.
There are a round dozen or more prop
ositions available for the Investor or
speculator which occupy peculiarly favor
able market positloiiH. These issues rep
resent mines of developed and very ex
tensive ore tonnages, the needful equip
ment and economical market for produc
tion and the certainly of such low cost
output aa to guarantee them splendid per
share earnings with copper at anything
like Its existing range, and certain, at
the same time, of earning sufficiently to
guarantee satisfactory interest on the
money invested or even should the metal
recede several cents a pound.
It is not easy to pick out any authori
ty who will maintain in all honesty and
fairness the likelihood of coppor slump
ing in price to a. dangerous extent. The
limited character of the world's stocks
of the mclal and the certainty of Its
ever-Increasing consumption world-wide
aro factors easily providing a market for
tho production of 1013. which should be
the greatest the world has ever experi
enced, and from all Indications the pro
ducer faces during 1913 the most satis
factory earning year ever enjoyed.
Wages Are Adjusted.
It should be remembered also that the
producers as a rule have passed through
the readjustment stage necessarily at
tending the advance in the price of cop
per over cents a pound. Wages during
1012 had to be adjusted to meet in
creased earnings, and wages are pegged
in tho majority of instances for as long
as the metal retains a certain market
range. Tho new year should be free from
labor difficulties which occasioned con
siderable trouble and expense throughout
1012, assuring uninterrupted production
for the benefit of the stockholder and un
interrupted employment for the miner.
Copper shares, therefore, have reason
to appeal to the investor and the fellow
who will hold on should, before the end
of 1013. have a wide margin of profit on
several issues selected with due care
during their low market range.
UTAH MINING MEN
PUT UP THE MONEY
Despite the fact that all other branches
of human endeavor In the stato of Utah,
with tho single exception of mining,
easily got together when necessary for
their protection and welfare, tho mining
men are quick to move once they arc
crowded Into a corner. It has been tried
repeatedly for years to arouse the Utah
lead producer to the necessity of pre
paring to protect the lead-producing in
dustry from the tariff standpoint, but
to no avail; yet when tho representatives
of the Industry are brought fate to face
with the necessity of immediate action
they have succeeded in moving fast.
There was a finance committee ap
pointed Thursday night to raise funds for
the purpose of collecting data regarding
the industry and sending representatives
to W.-ishlngton to nppcar before con
gress, and within eighteen hours a suffi
cient fund was raised- to accomplish tills
Boston Miuliig Stocks.
James A. Pollock Sr. Co.. bankers and
brokers, furnish the folowlng. received
over their pilvate wire yesterday aflcr
ROSTON COPPER RANGE.
I Snlus.l 71. I L. jClso
Algomah j 1U0I !iJ, Hi L'i
Ruttc & Ralaklava..! 100 33 3!f 37
Rutto & Superior .. 2.3S51 4tZ 42 -I2S
Calumet .t Arizona..' R:.0 7 71 i I 712
Chief Con ' 210 II' 1J 1?
Copper Range 203! 52''! 52J D23
Ijaly West ' Vb 34 31
Davis Daly 100 2 1 H 1Z
ICas: Ruttc 1.3S0 15 i 113' 115
Glroux Con 165 4 31.' Si
Granby Con 903 73 003' 70
Greene Cananoa .... 3S0 9? 9 91
Hancock 3.V 23 23 23
Indiana Copper 50; 1U' 10i 164
Inspiration Con lSi 1S1 1S4
Lake Copper 977 l'6i! 2f. 2.11
La Ros" SO' 21 2J 25
Mason Yalley 73! 10J1 101 101
Nevada Con I'd! 19i 194
NIplSHimr I 1C0 Sil SIl SI
North Ruttc SSOl 3t 32? 323
Mlchinn-Utah ' -100' 93c P0c! 92c
Ray Con ! 03" 22 22 I 22
Superior & Roston .. 933' 21 2J( 2'
Trinity 1001 3 I 3 ' 3
U S Smelter com ...I 333! W -13 ' 43
prcforrod ' 119, 4311 19 : I9t
Utah Con ! 530. 11 I 11 I 11
Pond Creek J 2.7S0I 2SJ 27' 275
Eagle Blue Bcll.,1 1001 U! Ul U
ROSTON CURB Cr.Q.SK.
I Rid. lAaked.
Alaska '? 14,00 'SI 1.1 25
Arcadian 2.00 2.50
Regole 1.75 ' 2.25
Bingham Mine j 4.50 ' 5.00
Boston Ely , 1.0CV 1.20
RohmiR 3.00 ' 3. 12S
Rutto Central 7.75 1 7.S7J
Ruttc & Londou .12 ' .18
Calaveras 3.00 J a. 25
Greene v I 9.12J 9.371
TToton Coppor ' .f0 ! S.50
Helvetia .75 ' 1.00
Kerr Iike 8.12' 2.S74
Keweenaw 1 1.75 1 2.0f
Maaaebustui 5.00 I 5.50
Mayflower .... I 1 ."" ' 15.00
Michigan s ' 1.75 f 2.00
Michigan-Utah .. ' .00 I .93
Miami ' 25.75 2S.?5
Nevafli Dougla I -.75 2.S7J
Old Colony 7.62V
Ohio Copper 1.1 H' l.?S
Oneoo J l.Tfi ' 1.S7--
Shannon W.OO ' 1S.12J
South I.nk J COO I fi.50
South Utah .......I . ' .30
Stewart . ".M ?.'2J
Tuolumii ' S.M 3.3f
Utah Apex f ".l"' ".37
Victoria 1 R7i ?.oo
Wlnof-i , . . '.' t.'O
W-. n '-V ' 1 ' '
... aL its on I
JlK-'! Al ur Sgest best and mostl?
'Sfftf . ".J 1 extensive sale. . Our Wi
I YEAR-END I
' ' 1 f CLEARANCE SALE1
A Clcan-Up In All Lines!
Suits, Overcoats, Hats, Underwear, Furnishings, Etcip
This ib our big annual clearance ubligalious. fSo we've cut, sslashcda?1'
sale. This vcav we arc making an and sacrificed to the extreme. Bcn-ani
effort to clean up our stocks as .iami" clothes and all other Hues!
well as our books before our fiscal Holeproot Hose and Anw-
, r rm . , f. . Uollars come undei' the hnnimtM'.a'
year ends, January llurty-first. Whatever vour wardrobe lacks caiiff
W'c must make a big showing dur- JC supplied at- this sale at a bijrfj
ing this sale in order to meet our saving. Sale is on today. r8
124 MAIN STREET ffi
MARKET IS INCLINED
TO KEEP SAGGING
James A. Pollock &. Co.. bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon: Paine. Webber & Co.. Roston. The ac
tion of the market was disappointing to
day after yesterday's advance. Prices
held well durinsr the early part of the
session, but in the last hour reaction was
general all through the list, lnllucnccd
by weakness in the New York list. Gran
by was the weakest of the specialties,
but all the coppers were inclined to sag.
There was no news lo account Tor the
sham change In sentiment, nnd the re
action was probably due to absolute lack
of confidence ainons speculators and the
fear of radical legislation and tarift re
forms. Logan it Bryan. New York. Tho pro
nounced weakness in American Beet
Sugar served to call attention to what
mav be expected of corporations likely
lo be affected by change In tariff sched
ule?, namely, the omission or the curtail
ment of dividends and tho conservation
of earnings until such lime as future
tendencies arc more clearly defined. It
Is not at all improbable that gcnoral
trade from now on will begin to show
the cTfccts of n. prospective change in
imposts. A judicious course in the mar
ket seems advisable.
Ore and Bullion.
The ore and bullion report for Friday,
given bv McCornlck &. Co.. was as fol
lows: Ore received. SlO.OnO; bullion
shlpocd, $101,000; total, $141,000.
A "Dcs Moines man had an ntlack o
muscular rheumatism in his bhouldcr. A
friend advised bim to g to Hot
Springs. That meant an expense of
$150.00 or more. Ho sought for a
quicker anil cheaper veny to euro it and
found it iu Chamberlain's Lmimcnt.
Three days after tbo 1'ifsL application
of this liniment ho was well. For sale
by all dealers. (Advertisement).
Ncvadas in San Francisco.
.lamcH A. Pollock t Co.. bankers and
brokers, furnish the following, received
over their private wire yesterday aftcr
noon: j Rid. lAskcdT
Jumbo Extension ;? .ol 5
Blue Bull 01
Sliver Pick .,00 .......
Lone Star 0u
Atlanta IS .10
Dhuuondtleld R. R. Con 03
Goldllcld DalHy 01!
Combination Fraction. OS
Coldllcld Consolidated 2.10 L'.l-'l
.Merger .Mines '. 2S
Ophlr 17 .22
.Mexican 07 .08
Consolidated Virginia .21 .22
Savago , 05
Hnlo and Norcrow 03
Yellow Jacket 23
Sierra Nevada. 17 .20
Union 10 .14
Tonopah XortU Star ...... .21 ,i2
Went tend Consolidatad l.K
Rescue 12 .12
Jim Rutlor .67
Caah Roy 10
Monarch Pittsburg Ex IS
Tonopah Merger 5o
Manhattan Consolidated .. .OS .10
O. Wedge '.. .03
Whlto Cap OS
Bis Four 75
Nevada Tlllln 1.10
Rltteburc Silver Peak .fS'
Round Mountain I .27 ! .30
A dry. hacking cough is hard on the
lungs, often causing them to bleed.
"Ballard's Tlorchound Syrup is a heal
ing balm that quickly repairs damage
in"tnc luugi and air passages. I'riee
2.1c, rOn and M.flO nor bottle. Sold b
Schramm .1ohnvnn. Dr.'"s rto n't rjood
ioroe VdT i"rr ,t
IISI acjuificent slorcroom, with large .second Poor t
basement. Reasonable rental. Very best location in citvi it
MEHESY'S, 276 Main St. ?
John C. Cutler. Jr.. investment banker
and broker, in his weekly trade letter
under date of January 3, extends the
compliments of the season and writes as
The pervading sentiment prevailing In
commerolnl and financial circles through
out tile United States Is one of cheerful
ness in regard to business prospects for
this coming year.
Local trade conditions are favorable
for a year of Increased activity. The
banks of tho stale are in strong financial
position und the mercantile houses, as a
rule, feel encouraged over the outlook.
During the week tho Utah-Idaho Sugar
Co. paid Its lij per cent quarterly divi
dend, amounting to 5105,000; the Amal
gamated Susar Co. paid Its 15 per cent
regular dividend, of sr.S,271, nnd the Con
solidated Wagon & Machine Co. paid Its
2 per cent quarterly dividend, amounting
to 530.000. Th Beneficial Life Insurance
Co. paid its 2J per cent quarterly divi
dend, tho Tlomn Fire Insurance Co. paid
2J per cent, and the semi-annual Inter
1 est was paid on the bonds of the Utah
Ifotcl Co.. the Sumpter Valley railroad
and the Utah Light & Railway company.
Many of the banks and other institutions
also paid their regular, and in some
cases special, dividends. Walker Rros.
Bankers will probably soon increase their
capital stock. The two new banks that
have recently been organized will soon
commence business. Tho sale of Ihc
electric power plant belonging to the
Utah-Idaho Sugar Co. sent sugar stock
up from SU.05 to ?9.2."i per share. Con
solidated Wagon .t Machine Co. stock
sold at ?100 per share.
Local securities have been In fair de
mand and supply during the week.
Amalgamated Sugar Co., pfd $117.30
RonelTehM Life Jns. Co 203.00
Barnes Banking Co.. Kaysvillc. . . . 100.00
Bank of American Fork 173.00
Bank of llcber City 17.30
Bank of Southern Utah. Cedar.... 17.30
Con. Wagon & Machine Co 100.00
Continental Life Ins. S Inv. Co... 116.00
Continental National bank 145.00
Dcscret National bank C2I.0O
Doscrot Savings bank 1100.00
Uavls Co. bunk. Farmington .'20.00
First National bank, Layton 130. 0
First Nntlonal bank. Morgan 130.00
First National bank. Ogdcn. 633.00
First Nutlonal bank, Murrny 145.
Flrat National bank, Logan 113.00
First National bank. Rrlgham 230.00
Guardian Cy. t Guaranty Co 13. j
Homo Flr: Insunincy Co 303.00
llebcr J. Grant & Co 2:). 00
Kamas State bunk 123. 00
Merchant bank 162.00
National Bank of the Republic 103.00
Nutlonal Copper bank 110.00
Nephi National bunk 123.00
Ogden Savings bank AM. 00
Provo Com. & Savings? bank 325.00
Salt Lake Security & Trunt Co.... 14S.00
Stato Bank of Rrlgham City 200.00
Statu Bank of GarMHd. Panuitch. 1C3.00
State Bank of Millard County.
State Bank of Richmond 120.00
Thatcher Broo. Ranking Co.. Lo-
Ftah-Idaho Sugar Co., pfd.., : 0.23
Utah State National bank. 2S3.00
Utah Savlngx ,fc Trust Co 103.00
Wulkcr Bros. Br.nkorx 330. uo
.lon'B Savings Bank &. Trust Co... 410.00
Z. C M. 1 403.00
Con. Ry. & Power Co. (city) 1100.00
Sumptvr Valley railroad 30.00
Utah Light & Ry. Co. (city) 05.00
Utah Light Rower Co. in Si. 30
I'tab, Light & Powr Co, 3s 3.0
T r Utal 'icar Co ... 102.0')
I IV. II "r C'l . , , 101 0 1
; ! ;
Coal Satisfact I
Have ou cut expend
downright, heat prodt
coal satisfaction'.' ; it
Leave ns an order aiiiM t
ns to demonstrate wlin e
means to you. !
FISCHER -KITT! i
COAL CO. I
L. K. Reynold!!, Managed
277 So, Main St. I'lione TOs-
"We sell coal for a rcpufatl
well ns for a living. "
ASSESSMENT NO. -1. j
O. K. Silver Mining .C- Milling rol
principal place of liuslnc- Sail
City, Utah; location of inlncsA?
Springs. Toorlo i-ounty. Utah.
Notice Is hereby gn.cn that nt ft
Ing of the board of din- tor." of tin
Silver Mining & Milling compaii)
on tho 23rd dny of December. 1?
sossmcnt No. I f oiic-qunrtrr (j
per sharo was levied upon the
stock of tho corporation. Isfiir'd ni
standing, payabio liin,u-dlnrb to t
retarv at his offbv 123 Uc-kl
Salt Lako City. Utah , 6
Any slock upon w I! uie
may remain unpaid on T'i umiay. t
dav of January, ni" wbl
jiiul advertised for 'la'c at v n''"' ,W
and unlcfs pnyincnt 1 id rfoiW
be sold on Thurednv t!' "Plb
Fcbruarv. 10 n. at 10 oVSo 1. . '"itS
company!) offlcr. to pa ' iW(W'
n,sov."ii)cnt thereon, togotl or wlWL
coots of ad", criirlnu a'nl r pn re fl
R M HOLT HrrW
Fir.it publl atloi. Rf-c .
Frank Knox. Preildent.
J. A. Murray. Vice Prs. i
J. c. Lynch, Vice Pre.
V. F. Earli, Caihler. f,
E. A. Culbcrtion, At. C.nhltr. j
The National Bank of t
United Stztw Depoaltary.J
sTirilu, and "Undivided' FrohtV. U
Deposits " u(
A bank whose r wo wees, equ
and wldo connections '
"nd the bast poHBlblo nlc w,
corporation, broker, merc i"
vldual. Four per cent intcreai.
tirre deposits. , lh Sati
We aro m-mber o. ia t
CHy CteaiiuK Hojs