Newspaper Page Text
Hj THE SALT LAKE TRIBUNE, SUNDAY MORNING, JANUARY 5, 1913. ' jL
I 1 Mines and Mining Activities in Ore Districts of UtaJ
MHT 01 MCEI
'Amalgamated Pays an Im
mense Sum Annually to
People of State.
TAXES ARE ENORMOUS
Wages Last Year Were' Very
Nearly Seventeen Mil
H Any state holding within its confines an
H organization that employs close to 14,-
H OCO men, which checks out annually $57".-
H 3"7 for taxes, which has an annual ex-
H ponse account of 530. -183,563, and which
H pays annual dividends of J6.155.51S, which
H has a total expenditure during five years
H of ilS9,S30,7Sl. certainly should bo con-
H kidered fortunate, and any state cer-
H taJnly would he willing to welcomo such
H an organization within itr borderu with
H a golden key to the commonwealth welgh-
H ing tons. In the Amalgamated Copper
H company and the- organisations It con-
trols within tho state. Montana has such
H an enterprise and yet the Amalgamated
M Coprcr company frets less credit even
H at home for tho magnificent prosperity
It affords Montana than for wrongs more
H imaginary than real laid at Hn door.
1 In the Great Fails Tribune of De-
H cembcr 29 appears an account of the
H Amalgamated Copper company's opera-
H Hons that in almost staggering to the
1 average mind, as it deals with a com-
H pany that creates over $40,00,000 worth of
j wealth per annum, 90 per cent of which
H is left in tho hands of those who work
n to help create It In wages and for thoso
who cupply it with materials for its
Value of Publicity.
Tho Butte Daily Post, in discussing the
Hl Tribune's article editorially, says in
H "Assuredly, nobody who is acquainted
I with tho Croat Falls Trlbuno will allego
that it if nn Amalgamated organ. Indeed,
tho Tribune's comment on the printed
thowlng Includes cogent suggestion to tho
Amalgamated people in these words:
'The Tribune by no means undertaken to
defend the company with respect to all
Its pant acts with relation to politico and
public government. An industrial cor
poration with financial interests po gTcat
must necrsarlly have a considerable
Icgltlmato interest In public affairs, leg
islation, and Mate and local government.
There Is nothing wrong or unnatural
about that." But the Tribune attaches
thereto its Judgment that 'the company
"will faro better at tho hands of legis
lature:! and tlio public if it relies on
greater publicity for Its business opera
Fortune in Taxes.
Tho following table- of taxes paid by
rnpanlis controlled by tho Amalga
mated Copper company in Montana by
counties In 1912 Indicates how thorough
ly tho whole ' state Is benefited by' the
property Interests of this organization:
Silver Bow $356,427. SI
Deer Lodge ai7.920.23
Cases o 49.ti32.-53
Lwl and Clark 1,224. 47
T'Ark 157. S2
Tola: .. ;C73.357.19
f.ven more Illuminating In the follow
,'g table of the disbursements of tho
Amalgamated properties in 1912:
Number of men employed... 12,941
Wngea paid 516.S1S.2S4. 62
Fuol and power 4.724,662.62
Lumb-r and timber 3.107.460. SO
Custom ore purchased 5,102.236.62
Tasf, insurance and mis
cellaneous general ex
Total expenses J39.4S9.563. 34
la the above table the number of men
employed given does not include thoee In
.umber camps, coal mines or with tho
railroads, nor does the figures of wages
paid Include the wages of these men.
The total expenses of the Amalgamated
Copper company during tho pait five
roam reach S1S9.S30.7S 1.85, and during
thlo period the company paid $15.455, -MS
II Many find it profitable to nse the
1 Wants in cffoetinfc out of the ordinary
SILT LAKER URGES
Example of California Should
Be Followed by Citizens
of Our State.
William H. Child, who has returned
from the holidays spent In Los Angeles
und vicinity, brings with him from tho
coast an enthusiasm of tho way they
do things down that way, and while Im
pressed with the spirit of boost which
attracts the attention and commands the
admiration of all the world, he does not
want to become a part of It. as do so
many, but rather that tho spirit might
bo inspired in like degree right hero at
"Do you Imow why tho Callfornlan will
carry you along with him In his enthu
siasm, making you appreciate that you
aro standing on hallowed ground?" asks
Mr. Child. "Tho secret Is that ho knows
everything good about his state and city
that Is worth knowing. He is blind to
tho faults, he forgets any undesirable
"After Investigating huelnesr. conditions
thoroughly, and after comparing Los
Angeles with Salt Lake, I am entirely
satisfied to come back home, hut wo
have yet to learn the gospel of boost.
Salt Lake and Utah have as majiy Bplcn
dld Inducements to offer all people as
any part of the country. We have the
mines, tome are tb greatest In the
world; wo have the smelters, coal, iron,
phosphate, hydro-carbons, abundant wa
ter power for various industries; wo have
the agricultural, horticultural and graz
ing lands, while our own city is the
hoalthlost and mo3t attractive homeslte
In the world. There Is abundant work
for th laborer, unending opportunities
for tho Investor, tourists aro agreed as
to our attractions, and wc have our
Great Salt lake, our mountains and can
yons, and a cllmato unsurpassed.
"During 1913. Salt Lake is going to be
another convention city, as It was in
1912. and each and every citizen of Utah
should Join the boost division, constitut
ing himself a comraltto of one to spread
the nows of our opportunities every
where. But to do this each of us must
loam all we can about our own resources.
Wc must know Utah well, know it bet
ter than wo do, and wo should begin
learning right now."
Boston Mining Stocks.
James A. Pollock & Co., bankoro and
brokers, furnish tho folowing. received
over their private wire yesterday nfter
noon: BOSTON COPPER RANGE.
I Salfrs.l H. I L. IClse
Algomah 2 2 2
Butta & Balak SS 38 86
Butte & Superior .. SCO 43i 42J 43i
Calumet &. Arizona... 315 713 71s 712
Chief Con 25 IS 15 1?
Copper Range 105 525 524 521
Daly West 31 31 3
Davis Daly 520 2 2 2i
Michigan-Utah, .... 200 95e 95c 95c
Glroux Con 3S ,33 3J
Gran by Con 740 701 6S1 70
Greene-Can 130 91 9J 9J
Hancock 23 23 23
Indiana Copper .... 50 16 16 16
Inspiration Con IS IS IS
Lake Copper 3S5 25s 25 25
La Rose 200 2 2. 2
Mason Valley 10 10 10
Nevada Con 191 194 191
Nlpltslng S3 S3 83
North Butte 275 33 32S 32Z
North Lake 2 2 2
Ray Con 21 21 21
Superior & Boston.. 550 2R 2J 2i
Trinity 5 5 5
L S Smelter, com 43 131 43J
Preferred 131 49J 491 49$
rtnh Con 125 11J 11 llj
Pond Creek 625 2S 271 28
Eagle & Bluo Bell ..? 200 lj
BOSTON CURB CLOSE.
I Bid. lAsked.
Alaska 514.50 514.75
American Zinc 29.50 30.00
Arcadian 2.50 2.75
Begole 1.75 2.25
Butto Central S.00 S.25
Bohemia ... . 3.00 3.25
Ulngham Mines 4.50 5.00
Butto & Loudon 40 .42
Boston Ely 1 .064 1.20
Calaveras 3.00 I 3.25
Eaglo &. Blue Bell 1.0SJ 1.20
Greene 9.00 9.371
Helvetia 75 1.00
Hoton Copper 7.25 7.75
Kerr Lake 2.621 3.00
Koweenaw 1.75 1.S7J
Miami 26.00 25.50
Majestic 54 .56
Masaachusctts 5.25 5.374
Michigan 1.75 2.371
Mayflower . 14.75 15.00
Nevada Douglas 2.75 I 2.S7
Oncco 1.75 2.00
Ohio Copner 1.121 1.25
Pond Creek 27.75 2S.00
S W Miami 4.00 4.50
South Lake 5.50 6 25
South Utah I .25 .40
Shannon 13.00 13.25
Tuolumne 2.S71 3.12a
Utah Apex .2.12J 2.25
Victoria 1.75 2.00
Winona 3.50 4.25
Wyandot 1 .00 1.50
Ore and Bullion.
The ore and bullion report for Satur
day, given by McComicH & Co., was aa
follows: Ore received, J5000; bullton
shipped, SICS.OOO; total, U73.000.
I CHECK UP THEIR
I ANNUAL STATEMENTS
HI :r Don't take anybody's word for what the actual
HI .-. value of a mining property is! At this time of
HI year the investor has every opportunity of prov-
H .ing values, and from these values can form his
HI . ' .own opinion on present stock prices.
I . t It is our opinion that there are. several good
HI t" stocks selling far "below their, actual values
HJ : V '. values based on ore Let us show you the state
Hi ments for the year of these mines and back up
H our opinion and advice with proof.
II R. K. Cobb & Co.
1 Write, wire, call or phont Mining Exchange Bldn ,
H Wasatch 4500. Salt Lake City, Utah
MALACHITE IS SOON
TO DO DEEP WORK
Arranging to Begin Driving
for Copper Ore on Level
The MaHon Valley company is now en
gaged In laying a switch and the needed
tracks on its So. 4 tunnel level, for the
uec of the Yorlngton Malachite Copper
company which will drift Into Its own
territory from the Mason Valley after
the copper oro body found several weeks
ago by working by way of the No. 3
Mason Valley tunnel. This work of
preparation should bo completed In a
few days, at which time the Malachite
management will begin drifting Immedi
ately. The distance la not great, and
tho No. 3 oro body should he had on tho
No. 4 level, and it should be pretty
thoroughly explored close to tho line be
tween tho two properties, long before
The Malachite company has recovered
from tho usual holiday celobratlons and
the usual forco of minora i3 back at
work. Oro shipments from the No. 3
level are being made with pleaslnxr regu
larity, this ore bclnx: taken out for ship
ment to tho rimelter via tho Mason Val
ley mine workings 2nd tramway. Gen
eral Manager Grant Snyder of the Mala
chite company stated on Saturday that
tho new oro bins at tho Natchez tun
nel are completed, active stoplng of ore
at that point is under way and oro ship
ments will be swelled materially from
this point. It is but a short haul from
the bins to the Nevada Copper Belt rail
TINTIC ISSUES HOLD
ATTENTION ON 'CHANGE
The Tlntic Itsues contlnuo to occupy
the limelight on the local exchange and
Iron Blossom, especially on Saturday,
was firm and In demand. All stocks as
a rule were firmer. Nevada Hills and
Ohio Copper both gaining slightly during
the morning. Ely Witch had the dis
tinction of being the only unlisted stock
selling during the day, 1000 shares going
for S cents a share.
Thoro were sales for 12,300 shares of
stock during tho morning, thes market
value of which was $2085.75. bringing tho
business for tho past week to 100,250
shares of stock, with a market value of
I Bid. lAsked.
Alta Consolidated $ .54 S .55
Bingham Central. -Stand. . .10 .101
Thompson-Qulncy CD .30
South Hecla 15 .151
Ely Witch 07 .10
McDonald-Ely 20 .22
Columbus Extension 043 .OS
I Bid. lAsked.
Beck Tunnel I? .0S1 $ .10
Bingham Amalgamated .04 .OS
Black Jack 10 .13
Cedar-Talisman 01J .02
Colorado Mlnlnc 20 .21
Columbus Consolidated ... .10
Crown Point 031 .04
Daly 1.20 1.62
Daly.Judge COO S.00
Eastern Pnnc 1 02 .021
East Crowa Point 001 -00i
East Tlntic Development 01
Emerald 03 .10
Gold Chain 15 .47
Grand Control i .70 .80
Indian Queen ) .02
Iron Blossom 1.35 1.371
Joo Bowers 001
King William 03
Lehl Tlntic 001 -Ola
Lion l-Iill 011
Little Bell 35
Lower Mammoth 041 .052
Mason Valley j.5u 11.50
May Day 23 .231
Mineral Flat 001 .011
Mountain Lake 03 .05
Nevada British 40
Nevada Hills 1.421 1.471
New York 03
Ohio Copper 063 .07
Ploche Demijohn OS .00
Ploche Metals 02
Pittsburg-Idaho 65 1,25
Plutus 01i .09
Prince Consolidated ...... 1.45 1.47
Richmond & Anaconda 051 -OS
Rexull 01 .05
Seven Troughs 02 .02
Seven Troughs Coalition ., .10
Silver King Coalition 3.05 3.15
Silver King Consolidated.. .75 1.00
Silver Shield 00
Sioux Consolidated 04
South Iron Bloaaom 001
Swansea Consolidated ... ,01
Southern Pacific 01 .10
Tlntic Central 01 .01i
United Tlntic 002 .01
Undo Sam 11 .13
Utah Consolidated ....... .011 .02
Union Chief 0GS .10
Victor Consolidated 03 .05
Victoria Consolidated. 62 .f.9
Wllbert 09 .11
Yankeo Consolidated 13 .15
Crown Point. 1000 at 4c.
Gold Chain. 500 at 4Sc.
Iron Blossom, 300 at 51.371.
Lion Hill. 1000 at 5c.
Nevada Hills. 100 at 51.471; 100 at $1.45.
Ohio Copper, 200 at $1.12a
Silver King Coalition, 100 at 43.05.
Tlntic Central, 1500 at lie
Cedar-Talisman, 3000 at lie
Iron BloEEom. 100 at $1,371.
Opohongo. 3000 at GSc.
Sioux Consolidated, 1000 at 45c.
Regular. 4300 shares for $1573.75.
Open, 8100 shares for $512.
Total. 12,900 shares for 220S5.75.
100,250 shares for 517.652.50.
A. De3 Moines man bad an attack ot
muscular Theumatiam in his shoulder. A
friend advised bini to go to Hot
Springs. That meant an expense of
$150.00 or more. Ho sought for a
?uicker and cheaper way to euro it and
ound it in Chamberlain ' Liniment.
Three davs after the firt application
of this Jiaiment ho was well. For sale
by all dealers. (Advertisement).
Tho Utah Ore Sampling company on
Saturday released 6 rare of oro from
Utah and 2 cars from Nevada camps.
Out the High Cost of Llviug.
W. IL Chapman, Winnebago, Nob.,
tolls how ho did it. "My two childrou
had a very bad coord and tho doctor's
medicines did them no cood. I cot a
bottlo of Ppley's Honey and Tar Com
pound, and beforo it was all used tho
children wero free and cured of their
confr'a. I saved a doctor's bill for one
2oc bottlo of Foley's Honey and Tar
Compound. No opiates. Schramm-.Tohn-son,
Drugs, "Tho Ncvor Substitutors,"
nve (5) good stores. (Advertisement.)
Tosts monev, but if does perfect wcrk.
We haTo it enury PrinUnc Co., 55
57 Postoffice place. (Advertisement)
OLD EUREKA IL .
Leasers Prepare to Produce
From Famous Ground in
ORE READY TO MINE
Iron Blossom Hoist Should Be
in Operation Within
Phil Clark and William Christopher
son, who some time ago commenced work
at the Eureka Hill mlno for tho purpose
of locating through tho company's own
workings an oro body which had pre
viously been developed to somo extent
through tho workings of tho Centonnlal
Eurcka mine, made a connection with tl'ic
oro this week. In order to get to the
oro from the Eureka Hill side it was
necessary for the lessees to spend several
thousand dollars In driving a long drift
through a hard lime formation, but tho
splendid body of ore which Is now avail
able, causes them to believe that their
lease will bo a most profitable one. Some
smaller bunches of oro were encountered
before tho objective point way reached
with the drift, and with a little prospect
ing theso may also lead to something
Mr. Clark, who Is personally in charge
of tho work, expects to have a. number
of miners at work In ore within the next
week, and shipments from the leaso will
commence) immediately thereafter.
New Hoist Ready. J
Superintendent Charles Zabrlskio slates
that early next wcok perhaps on Monday
the entire new plant at the No. 1 work
ings of tho Iron Blossom mine will bo in I
operation. Tho steel workers aro now
finishlijff the Installation of the gallows j
frame and during the past fow days tho 1
big hoisting cnglno has boen put through
a llmborlng up process and found to run
as smoothly as It iu possible for any piece
of machinery to run, nay a tho Eureka
When this now plant goes Into com
mission tho Iron Blossom will have equip
ment equal to anything in the stato and
almost any kind of a tonnage thut the
management decides upon will bo pos
sible without tho suspension of tho reg
ular development work. There will, how
ever, be no radical change in the manner
of operating tho mlno at this time. The
present tonnage, while not aa large as tho
mlno produced during certain portions of
last year. Is certainly bringing a largo
amount of money into the treasury. Tho
output from the Iron Blossom will no
doubt be kept at Its present standard
until after tho completion of the new con
centrating plant which tho Knlsht people
Intend to erect m Tlntic.
At the Dragon Cosolldalcd mine at Sil
ver City, iron ore is being mined and
sent out at tho rate of about 100 tons
each day. tho United States Smelting
company, the purchasers of this ore, be
ing unable to handles a larger amount at
tho present time. Frank Birch, the as
sistant manager of the Knight mines,
states that while the Dragon has large
deposits of Iron down to a depth of 800
feet tho largest bodies of this oro are
above tho o00. The present tonnage Is
all coming from the 300 and points ubovo
The new work, which Is to develop ad
Joining property from the S00 level
has already commenced. While about
150 foot of drifting will probablv
be necessary to reach the contact be
tween the Ilmc and the porphyry, where
the water will no doubt be encountered,
preparations are already under way for
the Installation of an electrical pumping
plant. The first work In this connection
is the cutting out of a large station
where the pumps will be located.
A new piece of surface work was start
ed at the Dragon this week, a drift be
ing started for the purpose of. making a
direct connection between the railroad
track and the shaft. This drift will tap
tho shaft at a depth of about slxtv feet,
and when completed will be used "in the
transportation of mine timbers, coal and
other supplies. Tho company's ore bins
are already located on the railroad and
there will consequently be no change In
the manner of handling the ore or waste.
May Day Prosperous.
Superintendent C. C. Drlggs states that
the May Day mlno closed the month of
December with a total of twenty-two car
loads of ore to Its credit, the output be
ing smaller than for tho previous month,
but this was due to the inability of the
railroad company to take care of tho ore.
Thcro Is the usual splendid showing of
zinc and lead ore In this property and a
largo tonnage will undoubtedly be In or
der during the present month.
It seems to be pretty generally under
stood that the directors at their moeting
to bo held next Wednesday will order the
payment of a dividend. The treasury
contains ample money for this purpose
and the director? feel that tho mine has
been placed In such splendid condition
that it Is safe to put It back in tho divi
dend column. The amount of the divi
dend to be declared has not been an
nounced, but It will likely be 2 or 3 cents
Superintendent J. H. McChryotal of
the Gemini states that this mine will
toon be sending out a nice tonnage 01
zinc in addition to itB other ores.
A few cars of lnc have already been
markoted by the Gemini and the
smelter returns were highly satlrfactory.
In this mine there Is said to be a verv
good showing of sine on U10 1200, 1300
and 1400 levp.ls, while In the Ridse and
Vallev. which la being worked through
tho Gemini, the zinc occurs at a some
what greater depth. Both tho?e mines
will bo shippers of sine ore during the
next fow months and perhaps during the
greater purl of tho present year.
Mr. McChryetnT enys that a scarcltv of
railroad cam intorfered somiwhat with
tht shipment of oro from the Gemini dur
ing the latter part of the old vcar and
us a rosult there is several hundred tons
of ore now in readiness for the market at
Notwithstanding tho fact that the Tln
tic mine broke all prci'lous records Inst
year Mr. McChrystal feels confident that
they will do even hotter during tho year
Th report- tH.t the Utah Copper com
pany t examining the Ramedell copper
property In Arlrona for purchase is offi
Engineers E. P. Jennings and Edward
R. Zallnskl are removing their office
from 607 to S19 Newhousc building.
It is stated that thero waa practically
no claim Jumping New yearo at Tlntic.
tho owners or u spate r. ted ground having
done their assessment work thoroughly.
Thi Tlntic Standard company contin
ues developing Its territory on the 1000
foot level. Conditions aro considered
very promising by General Manager Rad
datr. who visited the property lost wtek.
Xollce has been received of aseeormenc.
2C , 1, for i of a rent, levied bv the
North C!lf icmwny of Eureka. Utah.
T r wV, hfi drl'ro -ent on Jan.'iry C,
ti. drJtraurt fjr day fcelpg act fo
re" -uar. i-
ROME RUI COMPANY
HAS RICRJIE DEEP
Drifts on Contact on the Two
Hundred Level in Splen
In a message to tho Salt Lake offices
of the Home Run Copper company on
Saturday, General Manager William IT.
Pitts glvew the welcomo information
that tho management is working both to
tho north and couth along the contact
betweon the white and blue limestone
on tho 200-foot level In very high-grade
shipping ore, there being an average of
a full face exnoscd. The drifts began
at a point on tho contact where tho drift
from tho caves on tho 200-foot level
lapped tho contact some time ago and
the effects of this rich ore upon tho
regular shipments should bo felt beforo
the end of the present month.
On tho same level, but fully 100 feet
further to the south, tho management Is
drifting south on the same contact from
the old shaft, and thcro Is a hlghlv min
eralized condition prevailing. Tho face
continues to show bunches of lead ore
with very high Iron averages, and the
drift Is logically expected to break Into
another ore body at any round of holes.
This condition is deemed of moro than
usual Importance by tho local manage
ment, and President Murray C. God
bo m particular, and he stated on Satur
day that tho Home Run never looked
moro like a mine than it docs today.
OUTPUT OF COPPER
OF THE BUTTE CAMP
Tho December copper production of
the various Butto properties, and the
output by months tor tho year just
cloped, follow in pounds:
If 5? PI
u isi r
Boston & Montanal
group 104,620 65 C.800,300
Anaconda group . 159,200 61 9,711.200
Butte & Boston... 11.000 62 86S.000
Washoe 7,910 61 432,510
Parrot 3.210 60 192,600
Trenton IS, 100 61 799.100
North Butte r?2,S20 6S 2,231,760
Butte Coalition .. 35,920 70 2.514,100
East Butto 11.000 110 1,210.000
Tuolumne 4.710 120 565,200
Original 10,76 0 6 0 (545,6 00
Butte-Alx Scott . 7.4S0 110 S2-2..S00
Davis-Daly 2.200 110 242,000
Total 406,0301. 27.0S5.470
The output of the Butto camp for tho
year waa us follows:
of oro. of copper.
January .'155,020 24, 099,420
February 327,300 22,454. o.'iO
March 40S.IS5 26,860,650
April . 41S.500 2S.929.04o
May 433.016 29.0S2.362
luno r!70,700 2I.713.5S2
July 511.350 27. 191. ISO
August 432.0S0 2S,009,9S0
September 433.3S0 29.054. 90
October 411.390 27.41S.7S0
Xovomhcr 41S.260 27.937.6S0
December 40U.930 27.0S5.470
Total 4,926.141 322.S37.624
Ncvadas in San Francisco.
James A. Pollock Co., bankers and
brokers, furnish tho following, received
over their private wire yesterday after
noon: I 31d. Askcd.
Goldlleld j j
Jumbo Extension 15 .31 5
Bluo Bull 04
Silver Pick 06
Lono Star .05
Atlanta is .19
Great Bend 01 .02
Dlamondfield B. B. Con 05
Goldfleld Daisy 05
Combination Fraction OS
Goldfleld Consolidated 2.10
C. O. D v .OS
Merger Mines 2S
Mexican 1.00 1 .02 j
Consolidated Virginia 23 .25
Halo and Norcross 07
Yellow Jacket 17 .25
Confidence ,. .36
Sierra Nevada 19 .20
Union ...... .25 .26
Mlzpah Extension 70
Midway oi ....
Tonopah North Star ,20
West End Consolidated .. 1.25
Cash Boy OS .10
Tonopah Merger So ,.
Manhattan Con 09 .10
G. Wedge jjg .
Dexter 03 '. !
White- Cap OS .....
Big P'our 70
Nevada Hills ; 1.40
Pittsburg Silver Peak ... .70
Eagle's Nect 03
Round Mountain 30
KEEP CLOSE TO THE
SHORE, 15 ADVICE
James A. Pollock fc Co., bankers and
brokers, furnish the following, received
over their private wire yestorday after
noon: Palnc. Webber & Co.. Boston. Earlv
the market showed absolute lack of pub
lic Interest and tho professional condition
of the trading. The reaction yesterday
was evidently engineered by bear Inter
ests and the rally today waa duo to short
covering, with very little outside partici
pation. Granby was comparatlvelv weak
at the opening on execution of "a. few
selling orders, but tho loss was coon re
gained and tho close was strong. "The
rest of the local iff. c. showed no chango
worthy of notice.
Logan & Bryan. New York. The mar
ket, on tho whole, gave a rather good
account of Itself for a short session, all
things considered. There was a con
tinuance of liquidation In Beet Sugar
and the Petroleum Issues were under
prtasurc. ut asldo from that the dis
position among the short clement ap
peared to bo to lighten accounts, despite
the fect that next week is likelv to bo
fjulte eventful, Insofar as the nnanclal
community Is concerned. While the for
eign advices were rather mixed, there
were romo Indications of the political
situation being likelv to adjust Itself
without further reort to hostilities be
tween Turkey and the Balkans, 6uch
Indications being based primarily on the
known fact that not only the recent
combatants, but also several other na
tions, aro endeavoring to float loans to
cover their requirements, which it is
thought would greatly Increase tho per
suasive powerc of foreign bankerr, the
latter not being committed to further
hostilities, and tend to hasten the ad
justment of these differences which ha.ve
long kept the foreign financial markets
In a state of acute suspense.
Advices; as to the state of trade and
Industry should reflect a substantial vol-U'-.c
rf b'sslnrss. b:Jt greater conserva
tism Is LMng noted In come quartrs.
t' oug so far the tame has not hecome
PREPARED TO CHIN
Nevada Consolidated to Seek
Out the Merits of an Ad
On the Stewart claim of the Ely Cen
tral one of the Nevada Consolidated
churn drills Is being set up to put down
a 600-foot hole under tho terms of the
agreement by which the big company has
contracted to prospect certain parts of
Ely Central ground, with tho view to
purchasing tho surface rights in case no
steam nhovcl ore Is found, says tho Ely
Expositor. That means that unless ore
la found at less than 200 feet from tho
surface the Nevada Consolidated will ac
quire right to use the aurfaco for dump
ing wasto or carbonato oro taken from
the Copper Flat and Liberty pits.
The Nevada Consolidated has a big
dump close to tho lino of the Stewart
which IIcb to the southwest of the Clip
per workings, and this dump Is almost
entirely composed of carbonate oro.
which ia belntr saved with tho expecta
Mon that the copper It contains will be
extracted at some future time. The car
bonate oro runs as high as 12 per cent
copper, and It is estimated that the
whole dump, containing several hundred
thousand tons, will average between 4i
and 6 per cent.
The carbonato oro comes from the
south end of tho Copper Flat pit, but
as It is a direct smelting ore that cannot
bo concentrated, comparatively little of it
has been treated at the McGlll plant. A
considerable quantity Is used for the pur
pose of lining the reverberatory furnacea,
as It runs high In silica. But for the
systematic treatment of tho oro a blast
furnace or fclmllar process Is necessary.
As the company Is accumulating the oro
In dumps separate from the overburden,
It is believed the Intention Is to oroct
a stack some time to recover the values
that aer contained in tho carbonate ore
pronounced. It Is not Improbable, how
ever, that Inasmuch as tariff hearings
will begin next week, the business com
munity will bo more disposed than here
tofore to take cognisanco of tho spirit
of the times.
Decision in tho Minnesota rate case,
as we have said qulto often, is expected
Monday, and. In addition, the court's
ruling on tho plan to bo pursued In con
nection with Union Pacific and Soutncrn
Paclllc disintegration Is anticipated.
Then, loo, our various investigating com
mittees and taritY hearings, and also for
eign news, all tend to suggest that a
conservative courso Is advlfjablo until In
dications of forward bearing oro moro
Ncvr York Mining Stocks.
James A. Pollock t Co.. bankers and
brokers, furnish the following, received
over their prlvato wlro yesterday after
noon: NEW YORK LISTED STOCKS.
I Salcs.l II. I L. 'Cine
Chlno ... 2,400 47 463 W
Goldfleld Con GOO 2n 21 2i
Nevada Colt. 400 12B 193 195
Ray Con.." 300 218 218 21S
Tenn Copper 200 39:1 39 39i
Miami Coppor 100 264! 26 265
Utah Copper 1.600 595' 59 591
Inspiration 19 1Si 10
Studcbaker. com 3.1s 331 So
Ont. Sliver 1 2j 2 2j
NEW TORK CURB RANGE.
I Salcs.l H. I T- 'Cl3o
First Nafl Copper..! 22! 23 2S
Glroux Con 250 3L 33 Si
Ry Central 2?! 2B 2?
Yukon Gold 3 3 3
Ohio Copper 1 1 1
New Keystone 15 13 1J
South Utah i I
Mason Valley 10? lOa 103
Bradon Coppor 5,000 lOjl 101 101
Elv Con 500 10c 10c 10c
Nevada Hills 100 U 111 15
Belmont ISO SV Sq; SJ
Tonopah I C I 6 C
Alaska ! I 14j Hi) 149
NEW TORK CURB CLOSE.
1 Bid. lABked.
Ely Consolidated $ .10 $ .12
First National Copper .... 2.371 2.621
Glroux Connolldatcd 3.75 3.S7a
Yukon Cold 3.00 3.25
New Keystone 1.S71 2.00
Nlpisslng ... 8.75 9.00
Ohio Copper 1.00 1.20
La Rose 2.S71 a. 00
South Utah - 121 .371
British Col. Copper 4.25 4.50
Bay State Gas 50 .75
Braden 10.37J 10. SO
Mason Valley 10.50 11.00
Sioux Consolidated 04 .OS
Colorado 15 .20
Iron Blossom 1.15 1.30
Carlea I .05 .1."
Nevada Hills 1.37j 1.50
Choycnno, January 9-11.
Excursions via Oreeon Short Lino,
January G, 7 and S, from Salt Lake.
Cbcyonno and return 620.90
Denver and return $22.50
Limit, Jauuary 20. City ticket or'tice,
ITotol Utah. (Advertisement.)
MERGER 1 If
Federal Company May j
Nucleus of Deal i
Reported Pending (
- 1 j
WOULD BE GOOD 6
Day Interests Would 1
Stand Out for Cot t
of Company. f
Special to Tho Tribune. -5 ?,
WALLACE, Ida.. Jan. 4. If ?, $
tent rumor Is to bo believed, i
combination of several of th
d' Agnes' biggest profit ntii
planned, with the Federal cojjj
the nucleus, and Including the,1 ,St
and Tamarack & Custer Cow
Rumor to this effect was curri '
Harry L, Day was chosen pril f
tho Federal company. SucceedJi
actions during the last six moat V
seem to lend weight to the ri ?i
though It Is stated by thoso wj
a position to know that no w
blnation Is planned. i "
It Is said that the Federal "
has been endeavoring for a lonj -
acquire several Important props -Jacent
to Its holdings, and
making of Mr. Day president i '
cordance with well-matured phi -
taking over of theso mlnej.i;
which tho Day interests own oi
Reasons for Plan. -
The plan, it Is eald. Ig the ort '
of a heavily capitalized coi
which will absorb the Federal, "!
arack & Custer, the Ambargf -
mlng Bird arid numerous claims, :'
the Days have secured heavy -
Tho Hnrcules, which Is control! '
DayE, Is also named an one of. -
factors in tho rumored consolH
Mining men who have been"1 -
conditions In tho Coeur d'All "
that it Is a logical presumption 1 T
a combination will bo perfected, -
of tho fact that tho Tamarack- ''
properties wore consolidated; tla L
h. Day and associates have p
large Interests in a number of da
tho Hoculcs; that the Federal -
purchased tho Star mine a few i -that
Mr. Duy, formerly an ln4
operator and one of tho chief d
tho Hercules, was elected prW
tho Federal company. jjj "
Factors in Opposition. I
On tho other hand, It Is clsi
Days could not afford to entwl '
combination, bocauee to do I t
lessen their InterestH In tho 9 3
which they now own or control
pally among which are tho Hen T
Tamarack Sz Custer. The latter "!
promises to become a secondij
und Is just beginning productii (,
dividends from theso two rain
as tho ownerships now stani
make their affiliation with the F Z
Inconsistent move on tho pai ..
Days, considering any basis 0 1.
da lion on which tho combining; .
could agree, unless tho contra if
Federal company waa relinquish!
Days, a move that Is not given a i
even by those who claim that tl 1
of a combination Is well founds l
Metal Market, j
The metal quotations for i "
posted by McComlnk & Co., wer
lows: Silver, 633c; lead, Ji.SS;
Coal Satisf ad
Have you ever esper "',
downright, heat - proc j
coal satisfaction? j
Leave' us an order an$ r,
us to demonstrate wS V
means to you. -
FISCHER -KITT s
L. Ht "Reynolds, Managi ...
277 So. Main St. Phone B
"Wo tell coal for a repute
well as for a living."
wHJ WILL YOU ACCEPT ZjjjJS
i2 Big Full Bottles fit
IIS OF PORT WINE FREE fj:.
lufArV Yes. I mean exactly what I say 2 big 5kW-
WAl full bottles of high grado California. Win f fSW-.
JLlji absolutely FREE. I want to acquaint you WfJfM'
t i)J wit" the merits of tho exceptionally high I t"lir.
1 ila sradc whUkics. wince etc. wo sell 1 fl 1C
AJytT want you to know that Early Days Is the jKM-
P&A best whiskey ever sold at ?5 tho gallon fVflBi.,.
UWTVS that It Is a blend of pure straight whis- flJSO...,
hies, fully matured in wood, rich, smooth. iQBm
WnGM mellow and guaranteed to be .at leat 33 JML,
QiQS proof a whiskey you und your friends ftSM!
will like to the lust drop. . '
QJrtC DORAN'S OFFER. With your prdfr 3
jV?71 'or -1 full quarts of Early Oayo Whisky TixMJ1
iVnl for 55 III Include 2 big full bottles of RffHj
' Li Jl wne FREE If you'll send the order be- lT ffe
Tkafo 'ore February 1. 1813. And I'll Pv GAh
HrfkZ. r-xproM. Try the whiskey and If not por- ELHlE.
fectly satljfled. return it at my expeni-- jrw-'
your moncy back with a smile. Immedi- uJSi
Oetter order early. Send for