Newspaper Page Text
' 10 THE SALT LAKE TRIBUNE, SATURDAY MORNING, JANUARY II, KM 3.
IWET RESULTS AT
November Earnings Reach the
Total of a Quarter Mil-
DECEMBER EVEN BETTER
Important Strikes Made on
Combination and Cler- j
I Tho Goldflcld Consolidated company
estimates that Its December 'production
will not about S25S.000, the mill having
treated an exceptionally large tonnage.
Tho oro mined "totaled 27,0'4C ' tons, the
gross value of which Is estimated at
$423,000. Colncidentally with this an
nouncement 1b tho release of the flnal
figures of production, costs and earn
ings for tho month of November. Gen
eral Superintendent Thorn's November
During tho month of November. 1D1L',
the total production of your company
was 27,775 tons, containing $451,0SG,63, or
an average of $16.27 per ton, of which
-7,402 tonii were milled with an average
extraction of 9-.S0 per cent, and 373 tons
were shipped of art average. . value . of
"10.7S per ton. tho net recovery from all
ore being ?15.t2 per ton. Tho net realiza
tion to your company was .250,U70.70, or
$0.01 per ton.
Development work feet of devel
opment work was performed during the
month of November, 1312.
Details of Costs.
Hj Operating costs The total . cost of
mining, development. transportation.
9 2'iUIInsr. office and general expense waa
Hl 55 11 per ton. distributed as follows:
Hj Mining, Including, stoplng, .and. . 0c-. .. .
j vclopment $3.11
Transportation ... .07
I General esp'ense 13
"Bullion tax OS
ilarkothig ore '. .03
Total cost of operation 5t..i;
Miscellaneous earnings .07
Net cost per ton v.".'." '. Y?G."H
Combination donsfderab'le ' new ore
W3ij developed in this mine during tho
montjt, especially on the second level
about 1500 feot northwest of tho sliaft. j
The U5G-BX alll was extended and pro
duced 203 tons of ore averaging ?ifl.20 per I
ton. The 112-X drift being driven in the, !
territorv nortlwest .of.-the- ISG-BrC stope
on the same level haa cut a new ore
bodv. and produced 101. tons averaging
336.40 per ton. This now ore .body should
produce a large tonnage of excellent
grade ore. The 2J0-X drift on the third
level la being extended to find the dowu
uard extension of the 112-X ore.
Important Finds Deep.
.Mohawk The 3-.T bill, on the ISO-foot
Iciel In tho old Sheets-.Ish country, waa
extended and produced 170 tons averag
ing $20 per ton. Thft 3-P sill being Cut
on the ore body in forty drift produced
-M ton of an average value of 51 G per
ton. Tho 170-T alope boing extended in
-he oro body cut by the 1'07-X drift on
tlir 250-foot level, under tho old "Shceta
Jeli workings, produced 170 toiiH averag
ing ?21.20 per ton. Tho 490-R still on
tiie intermediate between the third and
fourth levels, was extended and produced
hirtv-one tons averaging 511 per ton.
The 400-B sill on the same Intermediate,
lust north of the 400-R, was extended
"and produced S74 tons of a.n average
value of ?1S per ton.
Clermont Tthe 40S-T stope has "been
bi ought up above tho GOO-toot levol and
tho. oill of tho 600 produced S0o tons
averaging $21.40 per ton. The develop
ment work in this mino during tho paet
month has Dccn confined principally to
the lo00 and 1400-foot levels, whero some
vrv promising discoveries have boon
-nadc- On the 1400-foot level about 450
fest Eouth of tho shaft the shale and i
latite contact was encountered on the
seventh of tho month, ami sinco that
date tho crosscut has been entirely in
latltc. well slUcifiod and mineralized and
carrying small values in cold, silver and
roppch and there Is every reason to be
lieve that tho downward extension of
tho 1300 ore bodies will be found on this
Boston Mining Stocks.
James A. Pollock & Co., bankers and
brokers, furnish the following, receivod
over their private wire, yesterday after
noon: BOSTON' COPPER RANGE.
I Salcs.l H. UlClse
Kiftlis Balaklava 3fc :z ::i
Butto & Superior... 7,300' M ?, 39
Calumnl iS-. Arizona... 702 70 6S 60
cjiief Conuolidatcd . 100 IE 15 Is
Copper Range 200 4?5 -i 40
Davis Daly ".V. ""Vso 2 if 15
Kast Butte 100 143 14? 142
GIroiK Con "8' 'h 'ln
Oranby Con 41f" C!'V 086 GSJ
'ireenc C 483 Pi 0 Ofc
Indiana Copper ISO 15; 15r 157.
Inspli-ation Con .. IS 175 IS
Utke Copper 170 24 23 234
?.ra.son Valley" "."."... "S0 0i 95 05
MJch.-Utah ..... ... 200 85c 8Gc SSu
Niplscing 9 SI 0
North Butt SS0 33i ".21 322
North Lake V 2J 3
Hay Consolidated .. SO 203 20 20
Superior & Boston.. 140 2j 2i C
"L". S. "Smelter com. . G15 421 42J 42?
U. S. Smelter pfd... 100' f.O 49a 49
Utah Consolidated ..' ) 11 lOJj U
Pond Creok ! olS 27j 2631 20j
Hl BOSTON CURB CLOSE.
Hfl 1 Bid. lAgke'i.
Alaelca 11 .00 l?H.12;
Hll American Zinc 20. P0 20.75
Hl Arcadian 2.25 2.'i0
1 Bp-gole - 1 .To 2.25.
Hl Bmcham Mino; 4.30 5.00
l Bohemia 2.50 3.00
1 Ivutlo Central 7.i2 7.S74
Butto &. London 33 .3S
H Talaveras I 3.25 3.13
Hl Uaglo & Blup Bell LOG 1.20
l Greene-Cananea 9.00 9.2:7
Helvetia .76 1.00
1 Hototi Copper 7.00 7.510
1 - Kerr Lak 2.fi2: 2.S7S
B Kewceuav 1.7G 2.00
Hl Masn 5.00 3.50 :
1 Majcstln ?0 .51
1 lch!gan J .75 2.25
Hl Ilclilgan-Utah So .90
H Nevada Douglas 2.75
H Ohio Copper 1.2-5
H OJibway 2.50 3.00
1 OUl Colony 7.50 S.C'O i
Pond Creole 2;.ti2 2'J.7l
!.amjon 12.00 12.50
B Stewart 2.00 2.1 2'
B Houth Lake 5.50 6.00'
Fouth. Utah 25.: ,;;o
V.'. Miami 1.2? T 4.50
B Tuolumne 3.00 3.121
H Utah Apex 2.0iU 2.12
Victoria , 1.75 2.0ft
1 Inona 3.50 4.00
1 A:--andot 1 1.25 ) 1.50
1 Ore and Bullion.
Hl The oro and bullion report for Fridav,
-I'vn by McCornick Co.. wnc iih fol-
I Inwi: Ore received, $55 010, builion
1 ..ll)iicd.j2,0f."J; total, $57,000. '
COPPERS ME MEK
Eastern Circles Fear Reduc
lion in Ihe Price of the
One of the reasons given Friday for
tho pronounced weakness in copper
stocks waa that the prlnclpul gelling
agencies. were contemplating a cut In tho
price of copper. They are now holding
electrolytic at 172 ccntK per pound and
there are very few takers at this level.
This presents a very Interesting situation
and one In which there aro mo many
pliftses that it is not an easy matter to
unravel it to much satisfaction.
The producor continues to inako copper
nt a rate never before experienced, and
It Is asserted that the consumer Is usIiir
the largest amount of copper in history.
It hats been reiterated many limes dur
ing the closing weeks of 1912 that the
consumer was absolutely bare of any
stocks of copper and that he would be
compelled - to enter the market for hla
supplies at the turn of the year. The
new year is cxtrcm.cly young yet. and
the buying 'movement anticipated has
not arrived. Unless the buying move
ment docs begin soon there is presented
the simple circumstance that the pro
ducer has the copper to sell, the consum
er needs It badly, the producer wants
173 cents for his metal, the consumer!
wants a reduced price.
What tho result will; be Is merely con-
jeeture. but the consumer naturally
maintains in tho face of this condition
that the selling agencies controlling the
output are overlooking tho real signifi
cance of the. situation and are unlaw
fully combining to maintain the price.
In .the meamlmo, s.loqks of copper are
increasing aiu! there is nothing in sight
indicating that cither side of the dilem
ma is eager to make the lirst move.
One thing Is ovidenl those producing
companies which have maintained a rate
of dividends with a 1 Til-cent copper mar
ket on the basis of 124-ccnt nictal, will
have the least to apologize fur should
the price of copper recede from ils ex
DRIFTING MARKET ON
THE LOCAL EXCHANGE
One charged with the duty of recount
ing interesting Hems of the business on
the local exchange finds it a difficult
matter to dotcct. anything of such a de
scription in tho trading of yesterday. The
market continues to drift about rather
helplessly. As an institution it occupies
far less a position of prestige than la Its
due and it. would seem as if the officials
should attempt to got the exchange Into
clooer relations with the public The
public needs the exchange, the exchange
needs ihe public, yet they arc as far apart
as it. seems possible to be.
Sales yesterday reached a total of 10,
400 shares of stock, the market value of
which was $4072.50. The only unlisted
salft was Thompson-Qulticy for .10 cents
a Hhare. The following were the closing
1 Bid. lAijked.
Alta Consolidated 15 .45$$ -4G
Thompson-Quincy : ..29 .30
Columbus .Extension ' .05 .0(1
Opex 1 .09 .11
Leonora ! .02 .03
Home Run '. ..! .15
McDonald ICly .20 .22
Bingham Central-Stand .10 .11
Wly Witch .OH t .OS
Rloq "VVellington : .40 I .45
Rico Argentine I I .25
Bid. Askcd. Bid. Atfked.
Beck Tun . 5 .09 ? .101 ? -OS 3 .10
BIng Aml. .055 .05a .05s -07
Black Jack. .lli .12 .10 .13
Cod-Tal... .011 .02 .01 .019
Cent Mara 10
Century 10 10
Colo Mln . .IP .21 .20 .22
Col Con .. .12 .25 .12 .195
Con Mer , .10
Daly 1.20 2.00 1.25 1.G2
D-Judgs . . 6. 25 8.00 6.25 7.50
E Prince. .01J . .021 .01 'J .O'.'i
D C Point . .001 .01 -00 .01
Emerald . . .03 .10 .03 .10
Gold Chain. .41 .45 .41 .4G
G Central . .75 .73 .71 .7S
Ind Queen 01 01
Iron Bios . 1.35 1.37; 1.35 1.37J
Iron King . .01 .05 I .01 .05
J Bowers . .004 -.10 .001 .10
Keyatono .. .05c1 . 15 '
K William . .02 .03 I .02 .03
Lead King OS OS
Lchl Tlnttc. .00) .01V .00 .01
Lion Hill ..' .021 .05 .02?, .01','
Little Boll 35 .15 .35
Low Mam..! .043 ,0C i .05 .05iJ
Mason Val 1 9.50 '10.37A
May Day . .22& .234' .22 .23
MIn Flat .. -00? .011 .00?. ,01'j
Mnf Lake . -03 .05 1 .03 .05
Xcv Hills.. 1.52ft! 1.G0 ! 1.5SS 1.C0
Xovv York - .011 .023; -00i .02?
Ohio Cop ..I 1.021 1.12.J 1.05 1.10
Opohougo .1 .055 .OR .051 .01
Ploche Met. .07?. .09 .07 .09
Plls-Tda . . .50 1.25 I' 1.25
Pluhis . ..! .07 .OSM .07 .10
Pr Con ... 1.37s 1.40 1 1.30 1.37?.
Rich & Ana! .OS !!
Recall .. ..I .01 ! .03 II
Seven Tit.' .02111
S T Coallt' ! .10 ; ' .2S
S K Coallt. I 3.00 t 3.12! 3.00 3.15
fl K Con .75 ....;.. I .75 1.00
So Pac .01 I .02 I .01 I .10
sioux con .04; : .01
S Iron Bios'... ...J .001' ' .001
Swan Con..' .0051 .01?'! .on;'
Tin Cent J .01 I .01i! .01 I .01',
United Tin, .00?! .01 'I ,.003 -0'
Uncle Sam. I .11 ' .13 " .11 I .1"
UUh Con -02 ! .01 H .10
Union Chief I .06M .10 J .0051 .03
Victor Con. I i -On I .0(1
Victoria . .1 .CO I .H4 I .60 .112
Wilbort . .1 .09 .lljl .00 .11
Tank Con . .U4' .14 ' AO .1 1
Ter Cop .. .07 I .10 II .07 .10
Moscow . . .10 ! ...' 1
rolorado, 200 at 20c.
May Day, 500 at 23c.
Opohongo. 1000 at 'Jc.
Princo Consolidated. 100 al 51.40.
Victoria Consolidated, 100 at 62c.
Shares aold, 1900.
Selling value, $4)7.
Nevada Hills, 100 at ?!.02i.
Princo Consolidated. 200 at $1.40.
Opohongo. 101)0 at Gc.
Shares sold. 1300.
Selling value. 3f92.5rV
Iron Blossom. 300 at 5i.37:.
May Day. 1500 nl 23o.
Nevada Hills. 100 at 51.5TJ.
Ohio Copper, 1 0ft at ?1.05.
Opohougo, 1000 at o'v. ,, '
Princo Con.. 100 a t S1.371. '
Victoria Con.. 2500 at Clc. "
Shares sold, 5000.
Selling value, 527 (y.
OPEN BOARD. .
Colorado, fi00 at 20Jc.
Shares hold. l'JOO.
Selling valJe. S123.
San rranclsco Oil Stocks.
Jarnc:i A. Pollock &. Co.. bankers anJ
brokerf, furnish the following, received
over their private wire yesterday after
I Bid. lAckod.
A'HCoriatr:d Oil 1512.50 '5
Clarcmont I .55 ' .GO
Monte Crlato ' ..S2
Nov Pennsylvania I .51 ..
Palmer .t ...I .i 9 20
Premier . .31
S. V. & B 1 .15
I TJr, H. B. Pfout. has removed his of
j ficc to suito 027 Boston buildiug.
I . (Advortiscuic.nt.)
I'M H IS
SiPl IIS ORE
Interesting Phases of Com
pany Disclosed at ihe An
nual Meeting' Friday.
The annual Stockholders' meeting of
the Rjco Argcnllno company was held
on Friday, at which the following direc
tors and officials were chosicn for the
coming year: C D. Ray, president; CV
U. Smith, vice president: S. A. Green
wood, secretary anj treasurer. These,
with G. A. Black. Charles Rend. S. A.
lvlng and L. O. Hoffman, complete I lie
board of directors.
Reports rubmlltrd at the meeting
showed lha t during the year the company
spent $21,000. of which 5S000 was on (Ik
'purchase price. During the yvar 1500
feet of tunnel development work 'was
done, whilo a considerable amount of
surface work was accomplished. An
aerial tramway. 3000 fi-H long, was In
stalled and a holalliig plant, blower, ore
bins and houses were constructed, and
what Is all the more gratifying is the
fact that ore shipment have started.
Director S. A. King said following, the
During the pail two weeks wo have
shipped ten cars of ore to dliTercnt
smcltcru In Colorado and Utah, and
a. committee of directors has been
appointed to arrange for a smelt
ing contract as soon as these trial
shipments have given us a sufficient
basis upon which lo proceed! The
properly easily can ship ilfty tons of
During recent monlh.i the Argen
tine management has opened eight
no v. ore bodies, the values being in
lead. '.inc. copper, silver and gold.
In the last sixty days two of these
bodies have been opened, one of
which was crosscut for thirty feet
and it was twnrty-.scven feet thick,
the avcraue value being 5 per cent
copper. This body carries good zlno
values as well, and the two char
acters of ore are well separated, so
that they can be mined separately.
There arc twelve or inoro places
showing rrn in the property other
than these bodies, but the company
has not had sufficient time to do
much work on thorn. 1 believe that
the property at this lime easily
shows 51,000.000 worth of ore de
veloped. Ncvadas in Sail Francisco,
.lames A. Pollock & Co., bankers and
brokers, furnish the following, received
over their private wire yesterday ul'ter
nooir. Bid. TAsked.
GoldllHd I !
Jumbo Extension ? .31 !? .35
Bluo Bull 01 ..:
Silver Pick 05 .015
Lone Star 03
Oro ,.. .0G
Atlanta 1S .20
Florence ; .55
Dlamondflcld B. B. Con. .05
Goidllcld Daisy .05
Combination Fraction 07 .09
Kcwanos ..( .0i
Vclluw Tiger :;.. .03
Goldflcld Consolidated .... 2.05-j;
C. O. D I .07
Merger Mines j ,2S .29
Ophir i .1.11 .15
Mexican .29 1. 00
Consolidated Virginia' .... .22 ' .23
Savage I .05
Yellow Jacket .21 I
Belcher ! .22
Confidence I .22 J .21
Sierra Nevada :17 .IS
Exchequer' I I .03
Union .22 I f
ChaHonsr ,. : I .03
Mispah Extension ..... '..1 ;G5 L.
Tonopali . . I . r f
MavNaniara .21 I .22
Tonopah Belmont : S.OO S.25
Tonopah North Star 19 .20
West End Con 1.32i 1.35
Rescue . ll
Jim Butler 05
Cash Boy OS
Tonopah Merger S7 .SS
Manhattan Consolidated .. .10
Golden Wedge .09
White Cap 11
Big Four 77
Nevada Hills ' 1.7.V 1.50
Pittsburg Silver Peak I .70 I
Eagles' Nest .03
Tintlc Ore Shipnicuts.
Special to The Tribune.
I EUREKA, Jan. 10. Following arc the
I ore shipments from Tlnllc district for
the week ending tonight:
Ironlon company 1
United TInlic l
Gold Mining company i
East Tlntic Development 1
Eureka 1 1 i 1 1 i ; 2
Lower Mammoth 2
Beck Tunnel 3
Victoria : 4
Bullion Beck 5
May Day : , 7
Grand Central ; S
Iron Blos?oin 9
Gold Chain , ....10
Dragon Consolidated M
Eagle .t Blue Bell 22
Chfef Consolidated 21
Centennial Eureka 31
Total ' 1S2
Walchiup: aud usinpf the "Wants
proves profitable iu miiuy ways'.
SOME RARE METAL
OUM 1 UTAH
Utah and Colorado Figuring
mii Vanadium and Uranium
MARKET IS IN EUROPE
j Important Industry of State
Still Is in First Stage of
The figures for the production of ura.
nlum and vanadium ores during 1912
have not been very satisfactorily reported
to tile United States geological survey,
land the output has therefore been partly
estimated by Frank L. Hess from various
'data In his possession,
j The shipment, of uranium and vana
dium ores during 1912 has boon in the
hands of about a. dozen persons and firms,
and as in prcvioua years the ores have
come mostly from southwestern Colorado,
with a smaller production from south
eastern Utah, between the San Rafael
swell und the Colorado line.
The production of uranium appears
from preliminary estimates to have been
'equivalent to a little less than twenty-sis
shorl tons of uranium oxide, or approxi
mately twenty-two. tons of metallic ura
nium, a slight Increase ovor 1911, when
the production was equal to about twen-ly-flvc
lonsi'of uranium oxide, or 21.2 tons
of the mclal. The vanadium output of
1912 seems to have been equivalent to
a little les than 300 tons of metallic
vanadium, a somewhat larger quantity
than that of 1911.
Colorado and Utah.
The uranium-bearing ores were all
carnotitc. a variable compound of ura
nium aud vanadium with other elements,
found with several vnnadlum mincraln
In sandstones of JurasBle-Triassic age In
the high plateau region of Utah and Colo
rado. So far the richest, and largest
deposits found aro in Montrose county,
Colorado; in Paradox valley, Long park,
the McTntyre dislrlct, and adjacent terri
tory, extending Into San Miguel. Dolores
and Mesa, counties. In Utah the deposits
mined arc in Emery and Grand counties.
Deposits which were unproductive dur
ing the year occur in r.io Blanco, Routt
and Moffat counties, Colorado, and In
Uintah and' San Juan counties. Utah.
The perccntago of uranium oxide
(U30S) in the ore varied from 0.5 to C.32,
The percentage of vanadium oxide
CV205) in the same oi;cs varied from 1.12
to 13. 03. The relation between the ura
nium oxide and the vanadium oxide was
likewise variable. At one extreme was
an ore that carried S.15 per cent V203
and 1.5'i per cent U30S: at the other
extreme was an ore that carried 5.79
per cent V205 and C.32 per cent U30S.
Of the more widely known uranium
mineral, pitchblende or uraninitc, a. fow
hundred pounds were mined near Central
City. Gilpin county, Colo. It was all sold
as specimens and to laboratories, prob
ably Tor experimental work. A few
pounds partly altered to giinimltc and oth
er secondary minerals wcrr found in
mining mica near Pcnland, N. C
The larger part of tho vanadium ore
produced wa3 a sage-green sandstone col
ored by tho vanadium-bearing mica, ros
coelite. 11 was mined near Nowinlrc,
San Miguel county. Colo., and the vana
dium waa obtained in the form of iron
vanadate n.t the local reduction nlant. of
thr. l'rimon Chemical company. The iron
vanadilc la shipped cast to be smelted
Vanadium orea. probably volborthitc
and calelovojborthlte. were prospected on
Pass creek nea.r Malachite. Huerfano
county, and southeast of Silver Cliff,
Cutter county. Colo., but no production
Value of Product.
No vanadlnlte is known to have been
mined for vanadium in this country dur
ing the year.
Prices varied much, but 25 to 30 cents
a pound for the contained vanadium
oxide and ?1.30 to $1.30 a. pound for tho
contained uranium oxide where it ex
ceeds 2c per cent seem to have been tho
rule. Tho prices were considered too
low by some producers and their ore was
stored awaiting a rise.
Most of the ore goes to "England and
Germany and is said to bp wanted espe
cially for the radium content.
Tile price of metallic vanadium was
much below former years and from 51 or
$5 'a pound it fell to ?2.50 and S2 for the
contained vanudium in forrovanadinm,
undoubtedly owing to competition be
tween American firmy.
The imports of roasted sulphide ore
from Peru were largo and the production
of forrovanadlum was probably the larg
est to date.
The use of vanadium steel in locomo-.
tlve, automobile and similar machinery
seems lo be growing rapidly. No exten
sive uses for uranium arc known to have
been developed, but the glass, pottery
and chemical trades use small quantities.
A Des Moines man had an attack of
muscular rheumatiajn iD bis shoulder. A I
fricucl advised him. to to Hot j
Springs. That moaufc an expense of j
$100.00 or more. Ho souchl. for a I
quicker aud cheaper way to ems it and I
found it. in CbamberJaio'9 Lim,m-eit.-Three
days after the firot application I
of this liniment lie was well. For sale I
bv all dealers (Advertisement). J
MAY OS? ID UNCLE
Si CUKE PUCES
Dividend of Former Reminds
One of Recent Action of
Uncle Sanis Directors.
I The --peculiar twists and kinks in the
mining game are well illustrated in the
cane of the'MayDay company which,
on Thursday last, ugaln entered the divi
dend paying ranks after an absence from
the column of honor since 190S. It has
not been very many months since May
Day waa going bcgclng at a cent a share,
and a nice, cosy place was selected for
thij proposition in tho mine cemetery
and many wero the memorial eulogies
delivered over what, appeared to bo an
Not many months ago tho Uncle Sam
Consolidated company was in a very
healthy physical and financial condition.
It was in the dividend ranks and it
counted among its liabilities cevoral hun
dred thousand shares of May Day stock.
It looked as if the May Day was in for
an extended campaign of assessments
and tho officials of the Uncle Sam com
pany decided that the burden of paying
these assessments should not fall upon
the company, but upon tho shareholders
of the company. A stock dividend, there
fore, of approximately -100.000 shares of
May Day jtock was declared to the
Uncle Sam shareholders, and many
shareholders could hardly move quickly
enough to throw this May Day stock
upon the market. TIeneo the big break
in May Day, market wise.
Today the May Day Is paying divi
dends, the Uncle Sam Consolidated is
not, and If tho -100,000 shared of May
Day wero Toposlng In tho Undo Sam
treasury the latter company would draw
down about 512,000. one-half of the to
tal. It undoubtedly was the right Ihlng to
do at the time, (hla stock dividend, hut
It illustrate.!, as stated in tho beginning,
the twists and kinks the fa.tca throw
into the average mining proposition.
COPPER OUTPUT OF
ANACONDA IS HIGH
The papers which, through 1912 havn
emphasised repeatedly their ia.tisfaction
over tho fact that the Anaconda copper
production during that year was 'being
maintained without increase over 1911,
are now as cheerfully engaged in re
counting the fact that the 1913 copper
production of this one organization was
295.000.000 pounds, an increase of nearly
35,000,000 pounds over 1911. Tho copper
output of the company in 1911 was 2U0.
600,000 pounds: in 1910 it was 267.S72.375
pounda. and 291.902,653 pounds in 1909,
It is evident, therofore, that high priced
metal was as good and sufficient for an
increase at the Anaconda as at other
It is stated that the cost of produc
tion during 1912 waa 10 cents a pound.
It was anticipated that the Anaconda
company would produce during the year
at. 9 cents, but the advance in copper
Inspired a. demand on tho part of the
employees for more wages, und they got
It Jt is figured that on an average of
16 cents per pound for its metal, the
Anaconda company netted tho sum of
$17,700,000 last year, or approximately
Jt per share.
During the year the company pro
ceeded vigorously with lis campaign of
reconstruction. Installing improved pow
er facilities in several of its properties,
and It Is expected that the present year
will bear Its proportion of this burden,
as the company still haa a considerable
amount of reconstruction work to do.
MASON VALLEY FOLKS
WILL HOLD MEETING
Notice has been issued by a commit
tee of Mason Ve.lloy shareholders, head
ed by Director W Mont Ferry, that a
meeting will bo held next "Monday even
ing at the Commercial club, and share
holders and bondholders are invited to
attend. The notico does not set forth
what, tho purposo of thl3 meeting Is.
loit from good sources of Information it
Is understood that it Is for the purpose
of protesting against the reported post
ponement of dividends and tho allegr-d
objectionable market action of the issuo.
The Utah Ore Sampling company on
Friday released 7 cars of re from Utah
and one from Nevada camps.
The metal quotations for Friday, post
ed by McCorniek fc Co., were an fol
lows: Silver, G3?c; lead. ?1.35; copper,
A rucctinjr oi the local stockholders
and bondholders of tho Tason Valley
Liucs company is hereby called for
Monday evening-, January' 13, at 7:30
o'clock, at the Commercial club, city.
A full attendance at llic meeting is ur
gentry "requested, as matters of STont
interest unci concern to said stockhold
ers and bondholders aro lo be consid
ered. - W. MONT "FERRY,
n ENIJ-VNE W DLL,
E. S. FERRY,
A. L. JACOBS,
Costs money, but it does perfect work.
We have it. Century Printing Co., 00
57 Postoffico placo. (Advertisement)
heading THZjaT rcssW s 1
Mamifaduring Tr SlgitS, ClOoS
Farriers ar flM Gow".1
Entire Elegant Stock of t
Strictly High-Grade ?
AT COST AND IB
LESS THAN COST g
And every piece absolutely guaranteed fc'611
IRON BLOSSOM HAS
Special to Tho Tribune.
PROVO, Jan. 10. The directors of the
Iron Blossom company on Friday de
clared the usual dividend of 10 cents a
sharo, calling for tho payment of 100,-
000 on January U5, the booka closing on
January 13. It Is estimated that tho
company In December earned about 560,
000. and that with the paj-nient of this
first cmartcrly dividend of 1013, the treas
ury will hold close to 52C0.000.
A meeting was held by the Old Ameri
can directors today, und an assessment
of onc-ai'artcr of a cent levied. This
will bring In about S1250, which will be
applied upon the Indebtedness.
The regular monthly meeting of the
Crown Point company was held here to
day, but nothing of importance or inter
Now York Mining Stocks.
Ja.tr.es A. Pollock .fc Co., bankers and
brokers, furnish tho following, received
ovor their private wire yesterday after-
N'ISW YORK LISTED STOCKS.
J Sales. I II. 1 L.IClfio
Chlno Coppor fl.fiOO in 13;' -14
Goldtleld Con 1,700 Ci 2 2
Xcvada Con 3.200 135 10 19
Ray Consolidated ... 1.300 l!0'i 20 20
Tennessee Copper 'iih 37 37
Miami Copper G00 255 25 2Si
Utah Copper 6,400 5R 56? 57
Inspiration Con 1,100 18 17i 17-
Studehaker Con 300 335 335 331
Ontario Silver 2j 2t 3j
NEW YORK CURB RANGE.
1 Salea.l 13. L Clso
First Nat. Copper 2j 2 2
Glrourc Con 500 35 3 :;g
Yukon Gold 3"t 3 ?.
Ohio Copuer It 1 1i
New Keystone 2 1J 2
South Utah 8 1 i
Mason Valley u00 9 f2 02
Eradcn Copper 6,000! 10i 0J 0?
Ely Consolidated ...I 500 lie 5c lie
Relmont 38 St1 SS
! Tonopah i fi I 6
Alaska. 1.500 Uj Ha
NEVr YORK CURB CLOSE.
I Bid. lAsked.
iEly Consolidated ? .10 ? .12
First National Copper.... 2.00 2.50
Giroux Consolidated 8.62J 3.75
Yukon Gold 3.00 3.25
Nov Keystone 1.75 2.00
Nlplsslng S.S7i 9.00
Ohio Copper 1.121 1.20
Ray Central 2.371
La Rose 1.75 1.S7&
South LTtah 12J .S7
1 British Columbia Cop ... 4.25 i.50
Bay State Gas 50 .75
Braden Copper D.50 0.75
Mason Valley 0.00 a. 50
Sioux- Consolidated 0 .06
Colorado IS .22
Iron Blossom 1.35 l.Ti
Carisa j .05 I .15
Nevada Ullls j 1.45 1.50
AMERICAN FLAG IS
AGAIN A PRODUCER
President Georye H. Rath man of the
American Flag company, who has Just
returned from California, eaya that the
company again is counted among tho
producers of the Park City district, and
4,832 new Wj,
accounts were JjKol
in 1912 HlP
"There's a reason." jj j IjjjjEg o
Walker j ijfi!
In tho Tall Building, ""ll1
i i undc
that mine affairs are in a highly fmvt
Tactory condition. Tho company vi .pidlh
recent date has opened an entirely t&t
vein cast of tho main eln, and til t to
showing two feet of first-class ore j
which the management will raIk"o'r ifcunr.
otherwise evplore immediately. I tl
The annual stockholders mectln 71 fUI
the company will bo held on Januar; m u
but It is expected that an adjourni g. ij
will be taken for thirty or sixty da; $ac
- r ' riidltl
1 " 1 fl !t?
If tha,t cold snap had kept f Jg
a few days longer the coal ir
i ml o:
would cither have been able bsoi
retire from business or rcti Vtht
; ton I
to Provo. cipj
FISCHER -KITTLE i
COAL CO. 7-
', :oa ..
"; :Sic .
li. K. Roynoltls, Manager. k id
Office 277 So. Main Si. Jt
Tel. Ex. 101. ;
WZzZr THE PTAMOND DKA.VP. :M$?i
fvaTV Jjid'eat AfllCTur l?rtiirrfsfcnt .
vfl Ohl.eh4a.tcya fllomotid TirsjidAHUaer
ifflBv FIUs In Ked and olfl nmlilcVwOhlr
fr-xei. jftlei trltJa "BJim RlbNva. Kt w.
kS&S Totio Tt9 oth'?. Rnr of j our
' Iff Droair;- Asfcfc7Cia.0fE6.?t St
2M biaMo.it nnAKi ;ili.s, w
F SOLD BY DRUfifilSTS BTOHlKfr.