Newspaper Page Text
: . I0 THE SALT LAKE TRIBUNE, TUESDAY MORNING, FEBRUARY 4, 1913. ffl
I JUMBO EX. PLUS
lYear of Expenditures and
Small Income Necessary
to This End.
MILL PLANS EXPLAINED
Compaq Found It Possible
to Lease Plant Instead
fThft official promise of early and regu
lar dividends on tho part of the Jumbo
ISxtennlon company brings this Goldrleld
propoeltion to the front, for, an Is well
known, this company during the past
year woe one of tho JarffCHt spenders on
new equipment and one of the hip pro
IB;;!' duccrs of ore of Goldrleld. Copies of the
annual report are being received In
which tho affairs of the company are
OijjKf set forth In coinpleto detail. The flnan
a.r clal statement follows, with the follow
5 jar ln" cxP'anat'on:
g:!Bri Tto Past year hn-s been one of larcre
fF'V om,al' and little Income. Xoarly all of
ff'Uii lh mine development, much of its equlp
fy'Mt nient a,ld all of the remodeling of the
&-3fU I""1 amI ,ta equipment has been paid
SWJTi ir, w?1"'" tlio past ten months. The
Sfc-lL'r following- statement shows the dletribu
tt Wrt "on of expenditures;
k aa& on tend Jan. 1, 1912 $10(7.575.23
J ', ! Eamlnca during 1012 17,743 24
iV" Total Ji2i niS 41
$M -Mining- and devel-?i-i...Jb.4.
5jv.' opment $39,818.22
aiillinir, trans, and
Yt; Gen' srP- office v
td and adminlstr'u.. G,69138
s- J lpul expense .... 50.00
Paid on dividend
t i Xo. 1 1,112.00
i frj ia:les 227.75 60,010.61
i ? I'f- o J 04,307.SS
it1 Supplies on hand..? 36S.S7
fili;' ew mine enulp-
ll Ki merit 6,120.13
Stock of Jumbo
Reduction Co.. .. 10.000.40
am -Bills receivable ... 7 227. 2!:
ISlgr Cnsh In bank 40,582.37
'"ift w 864,307. SS S tH.307.SS
vO-. report, in part followE:
J'!1 .,-i'??!tnff tlle,PMt year there have been
vM: .u tons of 070 "hll'Pcd to smelters.
i1.. of the pose value of $S15C.ll, or J2S.94
1"' 52Lot,i 9f thl3-J 134 was com-
i . , paratlvcly low-grade material, running
1-i P' m S11 .80 Per lon' ahinped before th?
1 '.( Jnlu was in complete operation. But 87
1 ?"?B J?1.0 cls of ore which it ie now
, , intended to ship direct to smelters has
I been extracted and shlppod. The com-
, , Pany received 3504D.76 for this ore show-
; - ! lug a marketing: expense of 511 per ton.
' .; ti.. 5 exceaslva expense, added to
f ? Uot ltet the main tonnage In the
'. ' Posed of ore averaging
, , bout $S per ton, that forced the com-
pany to secure milling facilities. Ke-
, -r - peated attompts have been made to so- i
I i ;. euro hotter rates, but thus far without !
.:,; Huccefio. Jn tho meantime no cfTort has
I -i ' ' ?H?imaAe,to ml1?0 thc visiter grade ma-
Uw. ,tu1 Only such as has been encoun-
F (jV: lci"ca and must be removed In order to
f- contlnuo tho other work has been ex-
i .fv tracted. Ore of ahippinj? rade is now
iS.' 'POPea at three polnta, but I la extent
1 not heen determined, nor has any of
T.if 1L aen m,ne. for the reason that much
i i"5 l5r rates e 'ooked for. and for the
' fc further reason that to mine tl at this
JM "" ould srreatly interfere with the
H jdevelojimont work and mining of mill ore
i 1 ; j; novr under way.
L'ti "Tho or'- mJncd and milled up to Janu-
ll'it alV J 331 amounts to 32S0 tons and
!,(,, tiverageo practically $8 p6r ton, accord-
!;A iH10 heads. Thc mining cost is
i-iKi 4fS per t02.Jor Dth millinp and ship-
1)10, ""Inp ore. There Is approximately 1000
VW'r t??3 ? hrolfen ore which has not been
tni shipped at the present time, so that the
Mh'i st ot mining ore of mlllliiR -grade will
not "coed ?S per ton.
U i "?h low-grade stopeB above the sec-
IsE. ond 3evcl have produced about 75 por
friyti dent, of the milliner ore, it haviiur been
,", ;xf found Impracticable to mix- any uonsid-
orablo dimntity of the higher grade ore
WM 'With Lhe low grndn In ordor to increase the
1 Jgf values, ftlnco by no doing I he extraction
j'-jlu or values at the mill wao seriously
; j Iiampcred.
l ir t ',Trom. conimuriicatlons from stoclc-
z y fu Jioldere, It Ih apparent tha.t many of thorn
l ?( " not understand tho reason for thf
UiV. companyB spendlngr so much tlmu and
I 'f.i Jnoney ou a milling plant, with ho Httl
1 I'cluni on thc lnvestmcnL to date. It Is
ji-ir ?xplalnl au follows: For every ton of
ore now disclosed In Ihe Poloverda mlno.
52i v'h'ch la high enough grade to rnlno and
UP! ahlp directly to smelters, thoro aro at
v;v least twenty tons of low-grade material
jtt ; -wnlch cannot be profitably handled ox-
' vpPt In f- mill. Unless a meann of got-
I vif r Tl.nj5', a Pnt out of the large deposits
''nfc 0 lo"-era3e ore Is dovlned they aro
if! worth abEolutely nothing to the company
or lte stockholders. The Jumbo Bxten-
,v, ? 0E companj' never lis1 money enough
till- lnJtn "aurj to develop tho mine to Its
. j JTuTJ extent and then to briild a. mill. TJk,
L! , ny manner in which a success of Uio
;!: ' Titerprise could b mado was to procure
t'ri. rolllAnff facilities at Uio lcat possible
i' s in.l outloy arid 1hon demonstrate
i' jvnetner or not the low-grade ors could
, uo profitably handled. 11. must bo re-
'J! mombored that no attempt has herelo-
1 or been made In this section to mill
' ?Ta 0,.tho character occurring In tho
Poloverda mine. Your companv in
.Hi Pioneer In the cnterpriHe and has liad
t$ innumerable obstacles to surmount. That
frfl it has surmounted tlffc. obstacles In now
1 apparent, but it has taken practically all
'n,'1 of V"1 t,mc u'' to the n,-ot of this vcar
(L j t 3 00 "o. and in the meantime It'liaa
iiT; I ocen necessary to forego profits and to
?fi-; spend large sums of money In develop-
$'& merit and equipment.
L''''Z- Jlk a matter of convenience and econo-
L: -i mv ,a "Parato corporation, known as the
it''2i'l Ium "eduction company, was formed
-H-! t i"11.1, the Jl,mbo Extension ores. Tho
Ii3uction company Is caplUllzed a I $10,-
i'Pv ?00 fi11" Block H all owned by the
!-; Jumbo Extension company. The officers
J,'! of both companies are the name. The
njl mill is held under leas for one year
Til rom Sentimher I. 1312. hy the Jumbo
fci "tductlorr company, the rental being DO
.iy) cents per ton mliliid. The pbmt is o-
P.. : catod at Bonnie Clare, thirty-eight miles
,J; aouth of Goldfleld, and ore Is transport
ed from tho mlnf to the mill by the Las
Ti Vegan & Tonopah Ttallroad companv. nt
.v'4 ' a, coaL of so ''ontf! P1' ton. Tho Heduc-
iilK ! 1 on cmpany pays all eppnfie f trans-
JH jfortatlon, rental and mllllnc- and rharges
th Extension company a liat rate of $1
yh per ton. The profits of the mill will first
iC4h 1 on devoted to tho liquidation of the
i-fc 1 amount advanced to the Ruducllon com-
ihf peny by the Extension company. The.
$Slt advance up to January 1, l.nj."5, amount-
pl "d t S13.15-J.93. Tin- ..-arnlngn of the
tiliSi ,n'H have been 12.i:H.64. leaving a bal
"cc of $7020.29 This balance will un-
jZISS doubtedly be paid within a month from
rajTa date, and thereafter the profits accumu-
i"St8 lated by the Reduction company will be
'lrt&l declared as dividends and paid to the
fil 33xt?nHion company."
iii Ore Slilpraeuta.
' fJ The Utah Ore Sampling rompany on
Monday delcascd ten cars of ore from
Tilth, one car from Idaho and two cars
from Kpvada and California campa.
ELECTRIC PLANT FOB
. OLD FBISCO GROUP
Recent Purchase of Federal
Company to Be Put in
( 3pocIal to Tho Triburw.
STALLAGE. Ida., r0b. 3. -Tho Federal
Mining company plans tho rojuvcnatlon
of another old Cocur d'Alcne producer.
This tlmo it Is the famous old Frisco
property, ono of tho earliest big mines
of the district, from which several mil
lion dollars in dividends were extracted
in tho early days, and which was aban
doned when the quality of Its ore under
the old methods of concentration ceased
to make lta working profitable.
Tho Frisco Is sltuatod at Gem. less
than four miles from Wallace, up Can-,
yon creek, and about thrco miles down
the gulch from Burke. When tho com
pany was organized in the eighties It
was known as tho Helena-Frisco com
pany, and wan operated for several
years very profitably. Later, under new
management and augmented holdings. It
was called tho Frisco Consolidated, and
enjoyed another period of profitable ore
extraction. About fifteen years ago the
company's ground was again added to,
and the companv operated under the
name of the Frisco .Mining & Milling
company for several years, adding ma
terially lo thc property's dividend rec
ord. Thc properly has been lying idle
for about ten years.
Thc Frisco was worked to a depth of
2300 feet, and it Is said that the cost
of keeping the mine clear of water pro
hibited the attainment of greater depth
at a profit. The Federal company will
begin Immediately to unwater the main
workings. Whether this work will bo
merely experimental or the beginning of
a campaign to add another tributary lo
the Federal's dividend source Is not
known, but It is said that orders for elec
trical equipment have been placed to
supplant thc steam plant with which the
property was formerly worked and which
is still In serviceable condition.
Tho rehabilitation of the Frisco will
Imbue new life in what was at one lime
the busiest upot In the Cocur d'Alenes.
but. of recent years only a cluster of va
cant shacks and mine buildings with
boarded windows. Gem was placed on
the map when the old Gem was opened
In thc early days of the district. Later
thc Standard. Black Bear and Frisco
came into existance. and thc combined
dividend disbursement of the Gem mines
totaled many millions. The Frisco
group now embraces the Black Bear and
The Hecla. Mining company paid its
one hundred and fifteenth dividend on
January 22. The sum disbursed was $20.
000. or 2 cents a share, bringing the
total up to S2.C70.000. This Is the com
pany's firs-t dividend in 191.1. During
1012 the Hecla. paid $300,000 or 30 cents
New York Mining Stocks.
James A. Pollock & Co.. bankets anil
brokers, furnish the following, received
over their private wire yesterday after
noon: NEW TORK LISTED STOCKS.
. 1 Salcs.l H. 1 L. IClse
Chlno ... 1.S00 32Z 422 42
Goldfleld Con 1,500 2S 2 2t
Nevada Con .1,200 ISg ISi lSi
Bay Con 300 lfli 19J 194
Tcnn Copper 100 33R 33g r.3Q
Miami Copper 600 24J 23J 24fc
Utah Copper l.OflO 54ij 54 54
(inspiration 100 17 17 17
Studebakcr Con 35 34. s
Ont. Silver .......... 100 28 28 28
ISTDW YORK CURB RANGE.
I Salcs.l II. L. Clse
First Nat'I Copper 2g 24 i
Glroux Con S00 8 3 ,T
Yukon Gold 35 33 3
Ohio Copper 1,600 2 5 ?
New Keystone u il -ic
Sonlh Utah j f
Mason Valley , 3 gj 9
Bradon Copper r00 9 pa 9
Ely Con 900 12c 12c 12c
La. Xtoae . 100 31 SI 3
Nevada. Hilli r00 lj la if
Maya Oil 500 24c 23c 24c
Kerr Lalt 500 8i 3J 8
AJaofai. I 7.000 16j 15j 15
NEW TORK CURB CIXD5E.
I Bid. fA sited.
Ely Consolidated s y j.
Flmt National Copper ..... ' 2".25 ' X374
Glroux Consolidated 3.00 3 0U1
Yukon Gold 3.00 .'I 'Tt
C1Y keystone i.r,2i l'.hh
MplMlng 8.S74 9.00
Ohio Copper -ts .S5
Ray Central 3.37J
La Hose ''ij,s "2" 75"
South Utah of, -0
British Col. Copper 4.25 4 '.60
!Bay State Gas 50 wi,
Braden 9.25 jj"a7A
Mason Valley S.2R 9. 00
Sioux Consolidated 04 .or,
Colorado ,15 'Q
Iron BlosBorn l."n l'S,"
Carisa. 06 '.lo
Nevada ITIIIe i,r,7i
Jgl Pao COO 6.125
Ncvadas In San Francisco.
James A. Pollock Co., bankors and
brokers, furnish the following, reclvorl
over thiur private wire yesterday aftor
noon: , I Bit. I Asked.
Atlanta Is .ifj . ,t
Booth I .03
Blue Bull .04
C. O. D .07 "ios"
Combination Inaction 06 OS
DJamondflold B B 03
Goldfield Con z.HT "
Jumbo ISxtchnlon ,.!! " ';',
Lone Star '.6k'
Mersor Mines 27 "";?'
Oro OS '.lo
Sliver Pick Con 05
Yj1Iow Tiger 02 03
Big Four , , .go ..93
Dexter Union OS .
Gold Wedge o "
Manhattan Con 10 .... ,
Manhattan Dt?xter 03 "6s'
White Caps 09 '.10
Con. Virginia 14 .15
Ilr.lo and Norcrosn '. ofi .07
Ophlr 30 .31
Saagc 03 .01
Sierra Nevada 1$ 17
Bolmont 7,05 ...
Cash Boy 09 .10
GypH.v Quoon 03 .04
Jim flutter t;7 ,g8
Tonopah Merger ., 3G" .SS
Midway 32 .33
Monarch Pitts ISxt 1C ,10
Mir.pah Extension f.O
North Star 20 .21
Rescue Eula n
Tonopah Extension 1.95 ......
West End 1.33
Pltls Silver Peak fir.
Nevada Hills .1.3.-. 1.40
Round Mountain 30 ...... ,
Toila a Foul Plot, I
When a shameful plot e.tiats between
livor and bowels to cauee distress by re
fufiinp to act, tnke Dr. King's New Life
Pills, and ond such abuse of your sys
tem. Tbcy gently compel right action
of stomach, liver Bnd doweln, and re
store your health and all good feelings.
25c at Schramm Johnson, drugs, I
( Advertisement). I
H PBE1I FOR
N. Bruce Mackelvie Is Slated
to Head Company, Say
Butte iKr. Superior events arc unfolding
thai apparently rast an Intelligent light
over thc uncertain conditions that have
prevailed for several months, and which
have had an extremely adverse olfcct
upon tho market action of this Isuc. Two
explanations have been put forth per
sistently for weeks to account for thc
market weakness of this stock, 0110 being 1
that the milj was not doing the kind ol
work that was anticipated, tlila being
denied repeatedly by tho Interests In
control who have charge of operations,
It being stated on the other hand that
tho stock action was due to thc selling
of Michigan Interests.
The Pollock wires brought the infor
mation Monday morning from New I'ork
that at the annual stockholders' meet
ing, which will be hold today In tho east,
the Michigan Interests which comprised
thc original organization would be re
placed largely within thc official family
by tho new inlorusts. and that N. Bruco
Mackelvie of Ilnyden. Stone fc Co. would
be the successor of President A. B.
It is denied again and In a very positive-
manner that any deal for the con
solidation of the Butte &. Superior and
American Zinc companies Is being
planned, and this denial comes from a
source that usually Is In a position to
talk with uuthoTlly. The stock was ma
terially firmer yesterday upon tho new
of what Is expected to transpire at tho
stockholders' meeting today.
PRINCE REGAINS A
BIT MORE STRENGTH
Assurance thai tho Prince Consolidated
margined stock had beun safely deposited
In the hands of trustees for a period of
six months, brought a good tunny sup
porting orders Into the local market Mon
day, and the slock sold up to as high as
SS cents a share, where it closed the
day. It was a much brighter day all
round, h large number of slocks being
more active than usual and rangos held
well. There were sales for 21,710 shares
during the day, tho market value of
which was 55501.90.
The following wore thc closing trans
I Bid. lAsked.l Sold For.
Alta Con. ..J .40 !? .42 1$ .40 tfr .41
B. C.-Stnnd. .OS I .OS' -0!) ?.
Fed. Kly ... .01 1 7! .01
New Yei .. .09' .10V
Bico Well. . .3d ! .40"
Rico Argen. .20 ,2G
Ohio - Ky.. .20 .27
Ely Witch . .OGil .07
So. Ilecla I .12
Colum. Ex .03?
Glroux Con. ;;.00
McDon. Elv .21. .25 1
Lucky Boy .01 j .02
I A. M. jj P. M.
I Bid. IAsked.ll Bid. Asked.
Beck Tun. iS .09J'? .10tt5 .10 !5 .11
Blng Amai .013 .00 : .04! .Oti
Bl. Jack .. .1141 .I2j .11;! .121
C. - Talis.. I .01 .Ola! .01i .015
Colo. Mng. .15 .17 I .15 .10$
Colum Con .10 .20 .10 .20
Con. Merc 10 10
Crn. Point .0;i .Oa-jj ,03i .0.15
! Daly l.'17ci 1.25 I 3.15 1.30
D. - Judge fi.25 ' U .GO I 6.25. 0.50
Dragon . . .10 I .SO I .10
B. Prince J .01' .02' .013 .025
E. C. P'nl 0031 .00i .01
E. T. Con 0- 01
13. T. Dev 01 ....... .01
Emerald . .05 10
Gold Chain .41 .3S .41
Gr. Cent. . .75 .SO .74 .7T
Ind. Queen 01?
Iron Bios.. 1.2-7 1.30 1.273 J..G0
Iron King .014 .0:: .013 .04
J. Bowers. .00$ .001 -10
Keystone '. .20 t 20
K. Willlnm. .04 .01JJ .04 .01
U King 07? 075
Lchl Tint. .00 .01 .00 .01
Won Till I . .02? .05 .025 .05
Ut. Bell .. .0.1 .23 ! 25
Ij. Mam'th .044 -05 ! .04 .013
Mam'lh 1.25 ' 1.25
Mas. Val. . 8.00 0.00
May Day . .IGi .17 .17 .17?.
Mln. Flat . .00? .01 I .002 .0l"
M.t. Takc . .02s .05 ' .03 .05
Nov. Illlls 1.S0 1.43 1 1.45
N'cw York 1 ,01 .03
Ohio Cop. . .75 .S2 .SO .85
Opohonpo .. .05J .053 .05 .05
Ploclic Dj.. ! .03 .00 .02 I .07
Pioche Mt. I .00 ' .02 .00M .02
Pitts. - Ida! .50 1.25 .501 1.25
Pluttis . ,.j .00 .Olf.,' ,0G I .07
Prince Con .SG .SO I .87 ' .SO
Pvcxall . ..1 .01 1 .05 .01 I .05
Seven Tr. .1 .01 .03 .OH1 .03
Sacrament ' 10 ...
S. Tr. CoaK 10 '.,
S. K. Coal. 3.00 3.07 3.00 3.10
S. IC. Con. .75 1.00 .75 l.OO
So. Pacific .Ql oil
S. Shield 014 .03
Sioux Con. .03 .0? i .07
S. T. Bios 014 1 .01
Swan. Con .01 .0J .01 .01
Tlntic Ccn .01 .01 .01 .OIA
Unit. Tint .OO'i. .01 .00".' .01"
Unc. Ram . .11 .13 .121 .13
Utah Con. .OH .01 .0U! ,03
U11. Chlcr .OH ,0iu .OGl! .07
Vic. Con. . .03. .OS"!' .03 I .05
Victoria C. .55 .11; J j .57
Wilbort . .00 . 0U'' ,0U .00
Yank. Con. I .11 ! . I M .11 AS
Ter. Coj), .! .05 ! .10 ' .03 I
Moscow . .1 .3ti j .15 i j .50
P-ock Tunnel. 1000 at Sic; 1000 at 10c.
Black .luck, 100 at 1.2c.
Ccdar-TallMnuu. 2000 nt Uc.
Crown Point, 500 at 31c
Daly. 200 at 51.20.
Iron Blossom, 1150 at ?1.27.
Iron King, 310 at He.
May Day, 1500 n.t. 17c.
Opohongo, .100(1 a 1 5c.
Prince CoiibolldHlcd. 100 at SJc; 100
"HctorIa Consolidated, 400 at 56c.
Yankee, 500 at 1 1c.
Shares Fold, OS60.
Selling value, ?2723.00.
. OPEN BOA Tl D. ,
Beck Tunnel. 3000 at 10c. '
Ccdur-Tallsman. 1000 at lc.
Iron Blossom, GOO ut 51.27.
Onohongn, 1000 at ?c.
Shares sold. 7000.
Selling value. 31W3.R0.
Black Jock, 300 at 12c.
Prlycc Con., 500 at SGc; 100 at. S7c; 200
Uncle Sam, 1000 at 13 r.
Utah Con., 1000 at lc.
Shares sold, 3300.
Selling valtic .S3S.
Black .lack. 1000 at' 12c'
i'lastern Prince. 1000 at. 2c.
Iron Blosiiom, 1500 at Jl.30.
Ohio Copper, 50 at S5c.
Sl'.arc.s sold, 4550.
Selling value. J2I4.50.
CHINO COMPANY WILL
MEET IN FEBRUARY
The latent information in regard to tho
meeting of llut directors of the Chlno
company for dividend purpoaes in that
tho board will meet on February 2S, and
tho directors will in all probability de
termine upon thr profits to bu shared.
Shareholders naturally hopo that tho un
certainty surrounding tho copper mar
ket will have been aufflclentlv dla
pfllnd by the date of meeting so that the
original mark of it per share per annum
can bs et aa the 1915 basis.
BEST DISCOVERY ST
Tunnel Opens Five-foot Ore
Body Over Sixty Feet
Merely brief fletnll of a new discovery
at Rochcfltcr reached thc city on Monday
by wire, but at first hlush It promises to
be 1 lie strongest card yet played by that
booming camp of the Mumboldta In Ne
vada. This was that a tunnel driven
Into the Crown Hill claim of the Ncnv.cl
Cowan properties had opened five feet
width of first-class gold-silver ore. It is
stated that this fact must be all of sixty
lo slsty-llve feet vorllcally below thc
cropping, and It Is unquestionably tho
first good evidence thc Opratlona of tho
camp have shown that tho big surface
exposures go down.
Work since the real boom began at
Rochester has been handicapped by the
winter weather, but In a few InstanccH
operations wcro well enough outlined and
arranged so as to admit of continuous
work, and the Xeniiol-Cowan Interest!)
appear to be tho first among tho fortu
nate ones, 'there Is a, wido Utah interest
In this property, and this news will be
especially welcome In Sail Tako and
Rochester should begin making such
discoveries right along now, and thc
world will watch developments this spring
with a. very keen Interest. There la
plenty of development money that will
venture Into Rochester onco tho ques
tion of depth Is reasonably well determined.
WHITE CAPS MERGER
IS NOT CONSUMMATED
At xhb special stockholders' meeting of
the White Caps Leasing company of
Manhattan, held In Tonopah late last
week, the deal for consolidating with
the associated Milling company could
not bo considered owing to tho absence
of the necessary number of shares. To
put the deal through necessitated that
the aflrmatlve vote would have had to
bo 575,000 shares of stock, and there were
onlv 473,000 shares represented.
The notice calling this meeting ex
plained the stock end of tho deal as fol
lows That a now incorporation be formed of
2,500,000 shares non-assessablo capital
stock. That from this company the Dex
ter White Caps Mining company be paid
777,723 shares to exchange for tho pres
ent outstanding stock of thc company,
share for share. That" for the total
equity in the White Caps Leasing com
pany 250.000 shares be apportioned.
Following this plan, tho new company
will have 872,277 shares left In Its treas
ury, to lie ued In the purchaso of ad
joining available properties and also to
equip a large cash treasury fund from
sale of treasury stock, the carry on ex
tensive mining operations.
The Elv Consolidated Copper company,
in complying with tho Nevada law on
publicity, has made tho following finan
cial statement for the year ending on De
cember 31. 1012:
Cash on hand Jan. 1, 1912 $ 60O.4S
Recolved from assessments 5S.3G4.S0
Received from other sources... 16,308.53
General ' expenses, taxes, in
surance, etc $ 1,617. So
Mine development 51,450.09
Machinery maintenance 92$. G2
Machinery equipment 3,783.97
Balance cash Dec. 31, 1912..... 14,983. 3G
Boston Mining Stocks.
James A. Pollock & Co.. bankers and
brokers, furnish thc following, received
over their private wlro yentorday aitor
nooir BOSTON COPPER RANGE.
I Salea.l II. I L.. ICIs'e
Algomah 2 1J 3
Butto !c Balak 100 Si 3 31
Butte & Superior ... 1.S10 3t5i 55 35S
Ciilumct & Arizona 130 6CJ Go!J U52
Chief Con , IS 1R 13
Copper Range 115 475 473 7J
Daly West 4 31 4
Davis- Daly 100 19 13 13
KasL Bulte 320 141 Hi 14i
Glroux Con 2.-170 3J 8 31
Granby Con 375 C9 (19 &9
Grccnc-Can 230 SI Sfi 83
Hancock 22 21 22
Indiana Copper 25 15 lo 15
Inspiration Con 17 165 17
LaJtn Copper 200 20 191 20
La. Rose 120 Ki 3$
Mason Valley , 25 81 Sa SJ
Nova da Con 3fi IS 1SJ 13i
Mlchlcan-Ulah 70c 00c 70c
Nlplsslnc 140 Si SJ 83
North Butto 320 303 S0J 305
North L,akc CIO 21 2ij 24
Ray Con 196 199 193
Superior & Boston.. 6,000 4J 4
Trinlly r 43 5
U S Smelter, com... 100 41 41 41
Proforred 49J 4D1 49
Utah Con 120 104 101 101
Pond Creek l.O.'lO 27 25J 2GS
American Zinc 1,200 52 313 313
BOSTON CURB CLOBF..
I Bid. lAaked.
Alaska $lfi.00 $lG.12i
American ZIno SI. 50 31.76
Arcadia n 2.2S 2..B0
Bcgolo 1.7S 2.25
Bliiglia.ni Miua.n 4.00 4-.50
Ro3ton ISlj' 0 .SS
Bohemia 2.50 2.75
Butto London 34 .38
ditto Central 8.13 8.37;
Calaveras 8.00 3.131
I'Jaglo & Bluo Bell 99 l.OGi
Clreeno 8.50 8.75
Hoton Copper 5.50 6.00
TCcrr Iakc 3.12a 3.30
Ivowoenaw 3.00 !5.l2i
Massachusetts . , 1.75 5.00
Mayflowor 12.25 12.75
Majestic 42 .45
Michigan , 1,50 2.00
Miami 23.50 24.00
Nevada Douglan 2. 371 2'.53 )
Ohio Copper 80 .S3
OJibway ; 2.75 3.00
Old Colony 0.25 6.50
Oncco 1.50 1.75
Pond Crock 20.75 2fi.S7i
Shannon 12.00 12.50
Stewart . 1.75 1.S7J
South Lake 7. 00 7,25
South Utah 25 .27
S. W. Miami 3,00 3,50
Tuolumne 3.0ti 3.25
Utah Apex 2.00 2.124
Victoria .5fi .00
Winona 3. 00 3.60
Wyandot ... . 1.25 1.50
San Francisco Oil Stocks,
James A, Pollock & Co.. bankors and
brokers, furnlah thc following, received
over their private wire yesterday aftcr
noon: I Bid. lAsltad:
Associated Oil $43.00 ?
Claromont , , ., .55
niinols Crude... o5
Monte Crlsto 80
Sauer Dough 1.35
S W and Cl 16
Turner .. 1,00
V K Oil 2.15
It is a
1 that tho BETTILYON HOME
BUILDERS' COMPANY is founded
on a solid and profitable basis.
That it is past the experimental
atago and offers the lnvostor A
SAFE AND ATTRACTIVE FIELD
where his dollars ore ouro to bring
him good roturnc.
Every company that enters busi
ness does not succeed In fact,
tho majority fall during thc first
year of their existence. Wo point
with pride to our achiovnmotiLi
during tho first two years of our
We Pay 9 Keck"
HOME BUILDERS CO.
323 MAIN ST.
SALT LAKE CITY, UTAH.
NO RATE DECISION
HAS ADVERSE EFFECT
James A. Pollock & Co., bankera and
brokers, furnish the following, received
over their prlvato wire yestorday after
noon: Paine, Webber & Co., Boston Market
showed a. little strength in tho early
dealings duo to short covering In antici
pation of a decision by tho nupromo court
In tho Minnesota rate caao. After an
nouncement was made that .no decision
would be handed down prices sagged off
and closed at about tho lowest of tho
day. Thc United Shoe Machinery gained
about five points on favorable decision
and closed near tho top. Thero is still
hopo of a settlement of tho Balkan diffi
culties this week, but aside from this wo
see nothing to warrant any immediate
Logan & Bryan, New York Stock mar
ket displayed a rather firm tono until it
bocame known that the supremo court
would not today make known its findings
in the Minnesota rate case, after which
more or leas scattered realizing and sell
ing for Ihe fall took place. Tho weak- j
ness or Steel was rather pronounced, the
same being accompanied by talk of labor
difficulties, and then, too, tho Can is
sues' were unsettled, with various rumors
of a vogue nature In circulation. It ap
peared, however, that a good portion
of tho short Interest in the stock waB
eliminated on ihe recent advance, and,
owing lo the fact that the professional
element seemed beariahly inclined in so
far as tho shares wcro concerned, the
same declined easily In the absouco of
aggressive support. Thero is little ques
tion, however, but thai the company's I
demonstrated earning power warrants a
substantially higher level for the shares
than that which prevailed some months
ago but of course the Issuos havG fluc
tuated so rapidly within the past few
weeks that the course of tho same today
should hardly bo taken too seriously.
Now that the supreme court has ad
journed for three weeks, and as the late
foreign advices, especially from Parln.
denote hopefulness relative to the early
adjustment of thc Turko-Balkan affair,
and as the Union Pacific dissolution plans
arc fast maturing, it would seem that thc
incentive to operate for a riso in quoted
values will be somewhat more pro
nounced than Heretofore.
ALTA CONSOLIDATED j
GETTING INTO DEPTH j
Reports from Alta. on Monday were
that tho Alia Consolidated company has
one foot solid of first-class ore in the
winze from thc tunnel level, and that
the entire bottom contains mixed ma
terial which looks as if it might make
into shipping grade at any time. This
wlnzo Is following thc vein to the con
tact, and It was so located as to bring
tho contact to view with the least possi
ble delay and expense.
Ore shipments are now hclru: made
from the property, and regular ship
ments should do kopt up from now on
unless weather conditions should happen
to be more severe than is now anticipated.
SOUTH UTAH OPENS
NEW COPPER BODY
Reports from Ncwhouso are lo the ef
fect that at several places on the 500
foot level tho South Utah company Is
opening a first-class body of copper ore,
and it glvos promise of going tollio sur
face. Tho body in of a sufficient slzo
on the 500, also, to lead to thc conviction
Hint it will go down strong.
It would be a peculiar yet. welcom.
twist of fnte if tlio South Utah coulil
open an ore body of aufflclcnt merit to
permit rcmunoratlvo operations to be
carried forward where, to date, there hits
bocn nothing but failure.
ICOMSTOCK WORK IS
j TO COMMENCE SOON
Tho Park City Record stales that de
velopment work 011 tho Comstock prop
erly in Thaync: canyon will bo resumed
Just an noon as tho roadB aro In condi
tion. It Is planned lo send the shaft from
ihe 700 to the 1000-foot level and to
electrify Uio uqulpmenf.. Tho ComEtock
has been an old producer, it Is splendidly
located, and Park City looliis with much
satisfaction upon tho determination lo
give thin meritorious proposition an
earnest campaign of deep development.
SHEEP ROCK VALUES
RUN TO ALTITUDES
According to tho Beaver Nowc, thfj
Sheop Rock property is showing what
has every appearance of being a llrst
mto ore body running 5800 per ton In
gold. Too bad the Sheep Rock Is not lo
cated In Nflvn&n, for following tho newo
of such a find would transpire a stam
pede, putting the Rochester boom with
its surfaco ores into the deepest shade.
Such discoveries, howovor, seldom cre
ate much notice in "Utah. They usually
are too near home.
MONTREAL HAS LARGE
AND RICH ORE BODY
Tho lnlel reports from tho Montreal
groui In Beaver county are to the ef
foct (hat for a length of slxty-fivo feet
thc new ore body lias been opened for
a width of between forty-five and fifty
SEE THE SPECIALS THIS WEiij
Bargains in Suits, Coats and Preset
JUNIOR-PROM DANCING DRESSEs!!
I Special little Gowns jtist received. Prices 9
$20, $25, $30, $35
In Chiffons, Satins and Fancy Materials Mt
THESE ARE WONDERFUL VALUES. S
IB "Smart showing of New Spring; Suits and HatTfbTttB
people going south." ' 9 W
' CORSET DISPLAYll
"See Window." l
NEW MODELS in all the CORRECT SHAPES f J
COMING SEASON. r tte
Come in and have your CORSET MODELED fm. "
SPRING OUTFIT. yoDt B
Another Chance This Week ij
TO GET THIS 8
FIVE VOLUME $ 1 2 SET
for $235 J
You need this set. Parents, how about that boy and girl ai s:iIuBl'
You Bay they Lave the necessary text books. Well and good. Ey.JBj
have they a reliable sot of REFERENCE BOOKS at E0M.E to liJ'M
thorn in their school ivorkf Then look liero. For a mere plttatc i Ht
THE TRIBUNE offers Everybody's Cyclopedia in five vohmei, I M
bandy everyday roferonce work f 6r uso at home or at school ad evttjV Wf:
teacher in our schools vrill cotnmcud tho wise pupils that get thij 1 5
This is the greatest bargain in books over placed before the peopl m&
of Salt Lake. Five handsomo volumes of Everybody's Cvelopdii, IE
bound in English cloth, for the small sum of $2.35. " '
"Die coupon "below must be presented with each order. , 'mm
1 CLIP THIS COUPON. 'ftg
Tine Salt Lake City Tribuneg8
MAIL ORDERS, ADDRESS THE TRIBUNE, SALT LAKE CITY, UUlK'
Tho eots aro too bulky to bo Bent by mall, but out-of-town mdsn ax
have them for thc ?S.nB. the et to bo sent by esprcw. nWpplns clurja! M(
to be paid by tho receiver. OUT- OF-TOWN READERS nesd nol mil,
until tho dayn of distribution, but aend onSorB any day ot tho wk 1 Kg
uhlpmenLa will he made promptly on the attribution ilnys.
fuoL Carlot shipments range from 5
to 10 por cent copper, with gold and sil
ver rallies aa well. Over four cars a
weok aro bcliiFT shipped to the Bineltera,
Thirty tons dally or moi'o are bclnsr ex
tracted lu development, work.
Oro and Bullion.
The oro and bullion report for Mon
day, given by McCornlck &. Co., was aa
follows: Ore received, $115,000; bullion
shipped, 345,000; total, -560,000.
, Metal Market.
The metal quotatlonn for Monday, post
ed by McCornlck & Co., worg as fol
lows: Silver, C26c; la3, $4.S5; copper,
Tho weakness In the oast of Ohio" Cop
per Monday was atatcd to bo due to
publlo aolllns. lack of Ineido support and
to the policy of alienee puraued by tho
offlclnla. Ono report had It that no nn
nual roport would be issued thlff year.
The lfil!5 earnings of the Anaconda
Copper company aro eotimatcd at $18.
000,000, whilo tho per pound cost of cop
per production i'b about 10 cents, agaltiBt
9i cents last year. Tho Increased cOBt Is
duo to higher wages paid and to In
creased expenditures in equipping tho
During tho quarter endlnc December
31, 1012, the Goldfleld Coneolldated com
pany treated 86,29-1 dry tons of ore, tho
total value of which wan 51.265.7S2. The
coses woro $fil0.24S, leaving not profits
for the quartor of 5745,584. Thla Is at
the rate of ?2,9S2.13G por annum, and
there are outstanding S.659,143 shares of
COOKING SCHOOL PROGRAM
MONDAYS Lecture and Experience Meetings.
"WEDNESDAY Soups and Salads.
THURSDAY Bread "Like Your Mother Usod to Make'
FRIDAY Pastry and Cake.
We are prepared to give special instructions at your home.
Appointments made after classes.
UTAH GAS & COKE COMPANY 1
J. C. D. CLARK, General Ma-nager.
i Th Fischer-KitthW
B policy insure5 JjgKh
I absolute sa&factidBf
I aa well as theJeB;
Nothing Is ilS
Your Account subject JBjj
check is invited. Si
Corner Main and jK