Newspaper Page Text
; THE SALT LAKE TRIBUNE, WEDNESDAY MORNING, FEBRUARY 5, 1913. 11 I
jjfny Searching for Ores
E, Known lo Exist in
' Merger Lines.
SLuAL REPORT ISSUED
St Fifteen Thousand Dol
iT Worth of Ore Mar-
fated Last Year.
'jjng company hns been ls-
HJtTtoll 15 SCt rrth 0131 at the
BlZii itodboideri" mating held on
. aj3( the following board of
JJ nI',c!Ki. H. C. Broughcr.
mFrcAi'i b. p slcnson- J- J- Mc"
W tunn- Anderfon. W. J. Douglass
;. Eric?ot'. At' this meeting
l7r557 shares of stock rcpre-
WSttslhiy'i report follpws;
DK lohmlt the following: report
tKlpl "d disbursements of tho
for tho year ending De-
.' ''" I5.46S.20
K?SPlh Mln, . " " J.620.76
SEfttfTOll) . J20.10S.35
KaV flitor and supplies) ... 585 . 10
HStrn.'cs (frolght, lights
Wilt ctth 6.521.32
ffltW'irabtr of tons of ore shipped
Htt&Tur, 91: grops value per Ion,
Cruta? total gross value, $20,
Bft Ceil of transportation and treat
toe. J7.S63. making a total of
w&OTilng a net value per ton of
Rfimlopracnt work done during the
KUlilK) the total development -work
k the mine, consisting of raises,
fctreculs (omitting the meas
fan of the slopes) are In the fol
MgUiii In lineal feet;
it z& s! zot
V ??5 Mi GpS
I '. 1-5
. ft J5
jty So. 1 jhaft. 850! 850
gro. 2 ihaft. ,. 330 330
j nob: 625 ii'Sst
wud ms.. 7,2.10 730 7.9S0
j1 .15.4361 2,627 3S.063
it of..lhc directors handles the
WwtMbtho. 2 shaft In tho folio w-
Mj-'-rtors thought it advisable to
"j2i.b'e compartment shaft sunk
ffvEi f4.1 section of the property,
WffWHttfrom tho present working
"Pw a. large aectlon of un
.. an1 10 Prospect veins,
3Bt7,ff 'I tnc Present workings,
S;'-".""1 at a greater depth. Also
i5fti?ro.!luc,lvo veln now being
IlKfiift TonPa Merger, which
8E&i.ll?rr Rround 350 'eet ct
KL?Ic7;er,,8l,aft- Thc man
IBtonin13'1'1? Ul'B vein is look-
aB. I1""1 3rlnR the month of
yirahd aa fast nn possible.
JBTj j rranct3co Oil Stocfcs.
ShiSW1. &rS,0 ' inkers and
MS?i.Um. follow.r received
Privates wire yesterday after-
I Bid. lAsked.
Mjf7 JMUilng Stocks.
ftL,0-' Jankers and
wulc w'rc yesterday afler-
4 I Salca. H. I L.. jcisc
B ' 'n-' Ilool 4x s"8
K1" I"0 -is! isi
f,APr 200 341 341 'Mi
HMr - 300! aajl 53 n33
'-'00 342j 31l! 345
TKSfr 31 3 1 3
, t ?
Tr "'Vooj oj l l
S?1.: '' aoo li2j
jKj1'1 .'I -S7i
b'0' t .1241 1.50
aK'toatyd s.so'l olon
7 1G .20
BPT5lfiii'.'" ".'..' " 1-2r' '
ANOTHER GS WELL
Second Well Will Be Brought
in as Soon as Casing
Many Salt Lake Inventors who havo
Pinned their faith to tho Utah-Wyoming
Consolidated Oil properties of Wyoming
will be glad to learn that another gaa
well, the second, is being brought in on
their large estate, this Important result
being confirmed on Tuesday by A. .1.
Scott, who Is In charge of the drilling
; The second well is along tho fame
anticlinal zone as the first, only approx
imately 1000 feci distant, and drilling
was stopped at a depth of 1575 feet
until the casing for the well could bo o
celvcd which Is now ordered. The
second well is expected to show identical
results with o. 1, tho capacity of which
was 7,000.000 cubic feet, and with an
nltial rock prcssuro of 675 pounds. An
Idea can be had of tho utility or this
gas by tho fact that woll No. 1 has
a5 rP?ny ncaL "nits as fifty cars of coal
or thirty tons capacity each, or the well
daily can afford as many heat units as
loOO tons of coal.
The company is utilizing this gas In a
Humeri way at the present time, a two
Inch pipe line reaching from tho well lo
the town of Byron where the gas Is
used for lighting- and fuel purposes. By
ron, therefore, has nothing to fear from
coal famines nor Is tho smoke nuisance
a municipal problem there.
The results of this company during re
cent weeks have attracted considerable
attention from oil and gaa interests all
over tho country, and among recent
prominent visitors wero John MrFadven
and R. B. Badger, of the Ohio Oil com
pany, one of the largest concerns in the
cast. Everything points to a widening
use for tho product of the Ulah-Wvom-lug
Consolidated wells, and the Utahns
ttlio have held on during the history of
tho organization stand to reap generous
rewards for their patience and energetic
operation. Dr. Fred J. Pack, of" tho
University of Utah, was tho locator of
the ground and he Is president of tho
TONOPAH OUTPUT IS
SHOWING AN INCREASE
Tho estimated valuo of tho ores pro
duced last week by the various com
panies of Tonopah Is given by tho Tono
pah Miner at 5231,635, the production
measuring1 11.000 tons of ore. The week
previous showed shipments of 10.026
tons, of an estimated value of $225,005.
The production last wck In tons and
by companies was as follows. Tonopah
Mining, 3500: Belmont. ..3S5; Montana
Tonopah. 1005; Tonopah IDxtcnelon. 10?5;
West End. 1060; MncNamara. 350: Jim
Butler. 150; Merger, 165; North Star, 45:
OHIO COPPER HOLDS
WEAK UPON EXCHANGE
The weakness of the Ohio Copper
stock, which Is a reflection of a llko con
dition In tho cast. Is a feature locally,
and on Tuesday the stock sold down lo
as low as 73 cents a share. Prince Con
solidated stock was In good demand yes
terday, selling off a few cents towards
Hie close over the high of the day. The
sales for the day totaled 24.300 shares of
stock, tho market valuo of which wbb
The following wero the closing trans
actional UNLISTED STOCKS.
I Bid. lAjsked,
Alta Consolidated $ .40 1$ .44
Bins Cent-Stand. OS I .081
Thompson-Qulncy 24 I .30
Columbus Ex 04 ' .05
Utah Mine ..." .20 .35
Ely Witch 0(3 J .07
Dragon Con , 17 .20
Ohio-Kentucky , 20
I A. M. 'I! P. M.
1 Bid. lAskcd.ji Uld. Askod.
Beck Tun . $ .10 J .11 !? .10 !5 .12
Blng Amal .05 -Ofitjl I
Bile Jack .. .116 12i'l -114' -11J
Carisa 10 !' ! .10
Cedar-Tal . ,0U .014'! .011' .014
Colo Mln .. .15 .164 I -15 I .16?,
Col Con .. .10 .16 r .10 I .30
Con Mcr 10 I ! .11
Crown PL. .03 .031 .03 .03
Dalv 1.00 1.30 1.00 1.30
Daly-Jdgo C.25 6.50 6.25 6.50
E Prince .. .015 .025 .01J .02i
E C Point .00 .01
Emerald .004 -02 .00J .10
GId Chain ,3S .41 42
Gd Cent ... .74 .77 ,74 .77
Ind Queen 01 02
T Hlossom 1.274 1.30 l.27i 1.30
.1 Bowers .0061 .00J
Keystone lu 1 . . ; M
Klnc Win.. .04 .04'i .041 .012
Ld "King 07J .01 .10
Lehl Tin . .00i .01 .00 .01
Lion Hill . -02S .05 .02$ .05
Lit Hell 25 253
L Mam .041 .04JI .041 .045
Mupgrovo 1 -OS I .15 I .OS .15
Mammoth 1 1.25 1.25
Mason Val 0.00
May Dav . .17 .1? .17 .IS
Mln Fiat .. .01 .02 .01 .02
Mt Lake. ..' .03J .05 .03J ,0o
Nov Illlls . 1.30 I 1.15 1.30 1.45
New York .01 I .03 .OOJ ,03
Ohio Cod .75 I -S2 .74 .75
Opohongo I -On I .0.1 SI .0o .Oni
Flo Dem .1 .032' .07 .034 .0G
Ploche M .OOfil .02 .001 .02
Plulus 061 .076 .00 .OS
Princo Con ,7 .HO .SJ .S;
Rcoaill 01 ! .04 1 .01 .02
Sev Tr ... -014 .MJJ .014 -0
S Trs Coal .40 ....... .10
',S Kng Coal 2.071 3.10 2.0o 3.10
S Kng Con .75 1.00 . ! 1.00
8 Pacific J .OH .0U.......
Sioux Con .031 .OS .031 .Do
S I T31os .! .004 ....... .00?
Swan Con.l .01 .02 '. .01 ' .02
Th T Cent..! ;oo?i .01 ; .003 .01
Uncle Sam .11 1 .13 " .11 .1"
rtah Con .' .0U -M -2"
Union Chf .OBI .07 .n .o:j
Victor Con' .0."! I- .0.. I .03 .0o
Victoria C .55 ' .57 I' .no I .01
wiibort .. .' .osj; .oni; .osij .035
Van Con ..' .11 ' .15 .144 -1"
VcrCon...' -04 .00 -Of .10
foscow .30 1 -"0 'I
" FORENOON SALES.
Black Jack. 500 ut 12c
Crown Polnl. 1000 at 3io.
Emornld. 1000 nt 2c.
Iron BloBoln. 1000 at Sl.'Jii.
King William. 500 at 4c
Mav Dnv, 1000 ftt 711c
Prince Coniolldatfd. 500 at SiC.
Silver Klnc Coalition. 100 at J?.
Shares sold. 5600.
Selling" value. 52317.50.
Ccdar-TollBinan. 1000 al l?c.
EaMoru T'rlncR. 5000 at lie. ,
Princo Consolidated. 500 at Sic; o00
Shares sold. 10,000.
Selling value. $1010.
Ccdav-TnllHinttn. ."00 at 14c.
King William. 2V00 ul 41o.
lav Day. 1000 at 17lc.
Ohio Copper. 100 at 75i:: 100 at 4c; 200
d" Prince Con.. 300 at S7c; 200 at SOc;
300 at src.
Shurcs sold. 5SO0.
Selling valuo. $13(0..0.
King William, 1000 at 43c; 2000 at 5c.
IOhlo Cooper. 300 at 7u
Princo Con.. 100 at (He
KharoH sold, 3100- .
, Sd'iny; alin-, $lij.
DHLS AT MASON
Blue Jay Property Joins the
Gunn-Thompson List of
Eastern Capital Is Coming
to District to Reclaim
That there, arc many other phases of
-Interest connected with the Mason or
Terlngton section of Nevada than the
production of big copper ore tonnages
for the rustom smelter located at tho
front doors of tho mines. Is made plain
by a statement to Tho Tribune Thurs
day from T. L. Walden. a well-known
operator of the camp. Mr. Walden Is as
well known In" Utah as in Nevada and
he is a guest at the Semloh, where he
will be quartered for some time.
During tho past few weeks there have
been several important deals put through
for mining properties, one of the most In
teresting from a Utah standpoint being
the deal whereby the Gunn-Thomp&on
company acquired the Blue Jay mine.
J he Blue Jay is one of the oldest cop
per propositions In the state of Nevada,
one which has boen sounded bv drills lo
depth and which the Gunn-Thompson
interests will proceed to prove up now
by shaft work and underground explora
tions. Should the Blue Jay prove up
as anticipated. It will prove a verv valua
able addition to this company and It will
bring another producer of copper ores to
tho front for their smelting plant.
Adjoins New Yerington.
This deal should Interest Utahns, be
cause adjoining it is the New Yering
ton Copper possessions, a Utah organiza
tion. The Now Yerington. ;ays Mr.
Walden, has one of the best equipped
properties of the district, and It Is bring
ing to view at depth ore results In keep
ing with tho splendid surface showings
so long known to He exposed awaiting de
velopment. Another deal of recent date was that
by which strong Interests acquired tho
McConncll property, which fonnorly was
owned by Salt Lake people. The new
owners are developing this croup with
modern equipment and dally shipments of
copper oro to the smelter are being
maintained at the rate of fifty to seventy-five
Regular production on a large scale is
being maintained by the Nevada Doug
las and Mason Valley companies, and the
Yerington Malachite is making a splen
did record both by way of the lower
Mason Valley workings and through the
Natchez tunnel operations. The Iron
sides has been working actively of late,
while the famous Blucstone haB a good
sized force at work and this company Is
continuing Its series of experiments on
concentrating the ores of the property.
Out In Mason pass a number of leasers
are working successfully and additional
leases will bo let within the near future.
Altogether there aro between sixty and
seventy shippers of oro in -Nevada to the
Madson Valley smelting plant.
Deserts Will Blossom.
Of equal Interest to everyone con
cerned with Mason prosperity is tho ad
vance being made steadily in the devel
opment of ranching facilities throughout
tho district. Big ranches long lurgcly
neglected arc being cultivated along an
unusual scale and Mason Is becoming
by steady progress the agricultural com
munity It should be.
Strong eastern capitalists recently havo
completed tho surveys for an Immense
reclamation project. It is planned to
build enormous reservoirs on the east
fork of the Walker river for tho purpose-
of taking up tho wast waters dur
ing tho winter season, and from 30.000
to 10,000 acres of land on tho oast fork
will bo brought under cultivation with
in the near future while tho same In
terests Intend to expand their operations
to tho went fork as well.
The Immense acreage available for
reclamation within that remarkablo min
eral country, tho abundant water and
Idcnl climatic conditions are factors fa
voring this extensive utilization of lands
hcrotoforc unused for nny hut occasional
grazing purposes, and this Industry Is in
creasing at a very fast rate, making Ma
son unimportant animal food contcr for
that part of the country.
Mr. Walden, therefore, emphasizes this
agricultural feature of Mason, for the
valleys overlooking the many big cop
per mines must provide homos and food
for tho land-hungry thousands who arc
coming from all over the country in
search of virgin soil.
MASON VALLEY ORE
The Mason News gives the following
ore tonnage received at the Mason Val
ley smelter during the week ending Jan
uary 30: w ,
Nevada Douglas, 3287 tons; Mason Gal
ley mine, 1841: from miscellaneous mines.
975 tons Total. 610C tons. During this
period the Mason Valley company shipped
fourtoen carloada of copper matto to the
Garfield smultcr in Utah-
Wevndas in San Francisco.
James A. Pollock &. Co.. bankers and
brokers, furnish the following, received
over their private wire yesterday niter-'
" I Bid. Asked.
Atlanta ? 5
Booth 0; -03
Bluo Bull .04
C O. D ' . -0i -OS
Combination Fraction 06 .07
Daisy i . ' -0"
Dlnm B J3 03 .01
Goldfleld Con 2.0o
Jumbo Extension ."0
Lone. Star 03 .04
Merger Mines 2i .;0
Oro Or, . .OR
Silver Pick Con . .Uo -0
nig Four -SO .S3
Dexter Union 02 .01
Gold Wedge. 10
Manhattan Con 10
Manhattan Dexter 03
White Caps -10
Consolidated Virginia ls .1
Confidence 3 .:
I Hale and Norcroas 08 .0i
Ophlr " .-0
'Savage v.. ..-0 2
.Sierra Nevada 6
1 Union lt
Belmont "0 .......
Cash Boy 00 .10
Gypsy Queen 0.. .01
Jim Butler BS
Tonopah Merger -S7
Monarch Pittsburg Ex 15 .10
MacKamara -- '
North Star -0
Rcscuo Eula. .11 -I-
Tonopah Extension 1.325
Pittsburg Sliver Peak.... .60 .. . .
Novada Hills 1.J 1 40
. Round Mountain ........ I I
Are You One
fPof Our 325 Stockholdersn
Coopcratlon haa enabled us to
conduct this enterprise to the best
Interest of each Investor- All re
ceive their proportion of the com
HOME BUILDERS CO.
323 MAIN ST.
SALT LAKE CITY, UTAH.
PRINCE DHL WILL
Knox Interests Not Talking
About Their Intentions
Ahead of Time.
Charles E. Knox, president of the
Montana-Tonopah company and a di
rector of the Prince Consolidated com
pany, arrived In tho city Tuesday morn
ing for the purpose of holding- a serle3
of conferences with the Knight interests
in relation to a number of Nevada min
ing propositions In which they are Joint
ly interested. Among these propositions
is tho Aurora Consolidated company
where the owners are pushing ahead deep
development, operations, provl'1 - drain
age facilities and outlining plans for a
500-ton concentrating plant which will
be installed as quickly as all the mechan
ical details arc arranged satisfactorily.
It is not likely thai Mr. Knox will re
lease any Interesting Information this
visit in regard to the Prince Consolidated
company. The present management, ho
staled yesterday to The Tribune, was
concerned at present with operating tho
property, and not in tho stock market.
The dato upon which the next step bind
ing or releasing the new owners of con
trol In the Princo Consolidated matter is
scheduled according to the original con
tract for February 15, and it is not likely
that Mr. Knox and associates will cross
this ravine until the bridge Is built
lie made it plain when scon by Tho
Tribune representative that ho had noth
ing to give out for publication at this
time about tho Princo Consolidated except
that development and production at tho
mine were being carried forward along
the energetic lines originally determined
MUSGROVE STOCK IS
LISTED ON 'CHANGE
The stock of the M'usgrove Mining
company was listed Tuesday on the Salt
Lake Stock and Mining Exchange. Thei
company is capitalized for 5100,000, In
shares of ten cents par valuo. There
were 600,000 shares of treasury stock
originally, of which 45.395 shares have
been sold. The stock is assessable. R.
L. Edwards Is president and A. Reeves
Tho property of tho company is lo
cated in Idaho, and there 1h gold oro
in sight valued at 5100,000. For the pur
pose of building a mill, which Is now in
operation, the company . has Incurred
debts amounting to 534,000. and there
Is 5500 cash on hand. The company
owns four claims and a one-half Inter
est In five other claims. Thcro have
veen 1000 foot of tunneling, 125 feet of
winzes, 200 feet of raises and 200 feet of
crosscuts driven in the mine.
The Utah Oro Sampling company on
Tuesday roleascd 10 cars of ore from
Boston Mining Stocks,
Jamos A. Pollock & Co., bankers and
brokers, furnish tho following, received
over their private wire yesterday after
noon BOSTON COPPER RANGE.
J Sn.lcs. u. I L. IClse
Algomah I 1501 2 n 12
Butto Balak 36 3 G
Bullc & Superior .-. i'.zio 37 sc ..()
Calumet & Arizona.. 20 66 653 653
Chief Con 45 13 IDi 11
Copper Rango 174. 47 47
Daly West 1? 13 11
Davis Daly 11 12 13
Eait Butte 725 14 J 133 1.13
Glroux Con.. 4S0 3 3 34
Granby Con 6J OSS 69
Greene-Can 105 Sfi SE SB
Hancock 21 204 21
Indiana Copper 15 146 15
Inspiration Con 17 164 17
Lake Copper 195 196 191
"La. Rose 300 31 3i 34
Mason Valley , SJ SI Si
Nevada Con 1S6 1S1 1SJ
Mlchlgan-Uto-h 70c 60c 70c
Nlplsslng - 9 SJ 9
North Butto 430 SOS 301 CO
North "Lake 110 28 28 2fl
Ray Con J 198 19 10
Superior &. Boston.. 3,635 4jj 4 45
Trinity SO 44 4J 44
U S Smolter, com... 1,292 41 40 JO
Preferred 1SS 491 49 49
Utah Con 102 103 103
Pond, Creek. 73Q 263 266 261
BOSTON CURB CLOSE.
Alaska 515.50 515.75
Amorlaan Zinc 32.00 D2.12J
Arcadian 2.2f. Z, 50
Bogolo 1.76 i.25
Bingham Mines 4.00 4.60
Boston Ely SI ,S5
Bohemia 1 2.50 2.75
Butto & London 34 .40
Calaveras 3.00 3.001
Eaglo & Blue Bell 1.00 l.Ojji
Greene. ... ............... S.50 S.75
Moton Copper R.50 5.75
Kerr Lake H-20 3.30
Keweenaw 3.12J 3.25
Massachusetts 4.75 5.00
Majestic .44 .46
Mayflower 12.00 12.50
Michigan '1.50 2.00
Miami 23.50 24.00
Nevada Douglas 2.45 3.56
Ohio Copper 70 .79
lOld Colony 6.121 6.50
OJlbway 22i 3.00
Oneco 1.50 1,75
Pond Creek 26.126 26,50
Shannon 12.00 12.25
Stewart 1.624 1.75
South Lake 7.00 7.2n
South Utah 23 .80
S W Miami 3.50
Tuolurnno 3.124 3.23
.Utah Apex 2.00 2.126
Victoria l.nOl 3.00
Winona 2.S76 S.oO
Wyandot L2u l.nO
Than we do can't bo doDO. Century
Printing Co., 55 57 poetoffire place,
The Mutual Life !
Insurance Company I
of New York. f
Record of 1912.
iThe close of the 70t year of tli oldest company in America shows amount of insurant! I jj g
in force $1,550,888.063 a gain of $45,913,401 and an increased amount of new insurance-paid- I
for during- the'year, $157,067,823, including restorations, increases and dividend additions I Mi
a. gain of $16,053,452. Other notable features of tho year's record are : I 1
Admitted Assets, $599,125,046.26 1 Ij
Policy Reserves, 482,570,537.00 If
Total Income, 86,446,513.74 IK
Total Disbursements, 71,672,098.91 I l!
Payments to policyholders, $60,965,4SS.96. include dividends paid to the amount of $15,- I gj I
006,2S0.25; while the sum of $17,368,046;93 has been apportioned for dividends payable in 1 j I
1913 an increase over the amount paid in 1912 of $2,361,766.68, and a larger sum than has 1
ever been apportioned for dividends in a single year by any other company in the world. 1 Mi
Balance Sheet December 31st, 1912 I m
Real Estate $ 23,532,623.87 Net Policy Reserves $482,570,537.00 I
Mortgage Loans 139,691,244.47 Other Policy Liabilities 8,902.784.95 1
. nnft-ft no Premiums. Interest and Rents U IffS
Loans on Policies 80,Od9,863.76 paid in advance 1,859,395. J 2 1 W
Bonds .308,82o,070.28 iiscellaneous Lin.bilities 392,870.94 1 M
Stocks 33,583,071.00 Estimated Taxes, Licenses, etc.. . . I ii
U Interest and rents, due and ac- payable in 1913 S01752.46 I all
I crued . . . . 6,550,812.81 .Dividends payable in 1913 .... .17,368,046.93
U Premiums in course of collection 4,072,051.09 Reserve for .Future Deferred 9 Wst
I Cash ($1,889,812.54 at interest) 2,196,743.05 Dividends 74,862,996.84
J Deposited to pay policy claims 613,566.93 Reserve for Contingencies 12,546,662.02 I jm
I Total admitted assets $599,125,046.26 Total Liabilities .8559,125,046.26 f Bj
I Fred C. Hathaway, Manager, J m
I Walker Bank Building, Salt Lake City, Utah I Wt
j THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK I Vffl
I Home Office, 3 Nassau Street, New York, N. Y.
NEW GOLDEN CROWN
IS NEARING RESULTS
. That conditions on the Now Golden
Crown property at Tonopah aro extrcmo
lv favorable, for early results Ik tho opin
ion of R. J. Highland and A. W. Conllsk,
who are prominently Identified with the
mining life of the Tonopah and of tho
comoany mentioned. These gentlemen
were Salt Lake visitors on Tuesday. Tho
New Golden Crown lies cast of tho Tono
pah Merger property, and along the ex
tension of the Merger vein systom. and
for tho purposo of lapping tho Merger
resources tho Golden Crown shaft has
been sent to a dopth of 900 fcol up to
the present tltnb.
After passing through the West End
rhyollte with this Bhaft a zone was en
countered in which wore quartz strlng
ors. Tho quartz Is Identical with that
found in the hanging wall of tho Merger
vein, and some of It shows values In
silver. The management will drift along
tho foot wall of this mineralized zone,
reaching out loth ways for ore with the
chances extremely favorable for getting
results at any round of holes.
The operations at the property arc in
charge of Charles KIrohon. and he Is one
of tho best-known mining men of tho
camp Tho board of directors of the
New Goldon Crown is composed of well
known Tonopah business men -and there
Is a good sized Salt Lake Interest In tho
HALIFAX GETS RIGHT
FORMATION FOR ORES
Tho west drift on Uio 1100-foot lc'c
of tho Ilallfax-Tonopah mlno passed
through tho bunch of quartz on tho con
tact and entered the trachyte, accom
plishing its object by proving that this
ore-bearing formation extended from the
Belmont mine Into the Halifax at this
The formation is at this point dipping
cast nt about the same angle as In tho
Belmont mlno and there Is a strong
probabilltv that further proepucllng along
tho Belmonl eastern boundary lino will
result In opening up tho continuation of
somo of tho oro bodies In that mine.
The drift will now bo extended to the
company's western boundary when cross
cutting south will be commenced. Tono
HUB RAISES INTO
;ITS ORE FROM FOURTH
Word was received by Consulting En
gineer S. M. Levy, of the Hub property
of Beaver county, that the management
had raised Into tho oro body from the
400-foot level. This raise -s sent to
meet thn wlnzo from the 300. and the
management w"- now nrocced upon the
blocking out of tonnagns and upon Und
ine tho same body from tins 400 to tho
500 Jovel. Tho shaft is already at the
500. so work should bo pronoculed with
jout Iosb of time from now on.
NOT MUCH INTEREST
- IN STOCK MARKET!
James A. Pollock, bankors and bro
kers, furnish the following, received over
their private wire yesterday afternoon;
Paine. Webber &. Co., Boston With
tho exception of further good buying of
Unltod Shoo this morning, tha market
was featureless hju! generally lower ow
ing to the rcn owed activities In the
Balkan war. Wo look for very llttio
change in present course- of market un
til something of a favorable naturo oc
curs. Oro and Bullion.
The ore and bullion report for Tues
day, given by McCornlck & Co., was as
follows: Oro received, 574.000; bullion
shipped. J65.000; total. 5139.000.
T' meal quotations for Tuesday,
posted b McCornlck Co were tih fol
lows SMvpr bV' lra-1, M "", nipper
OF CHIEF COMPANY
At the time of publishing in these
columns Monday morning tho report of
President Walter Fitch, and Superintend
ent Cecil Fitch, of tho Chief Consolidated
company, for tho "past year, tho financial
statement was not available this far west,
but the figures were obtainable yesterday.
Jan- 1. 1912 Balance on hand.? 21230.S6
Dec. 31, 1912 Ore sales 4151, 473.81
Equipment depreciation 11,834.93
Interest ,.. 1,118,31
3 5K, 6 67. 41
Eureka City Mng Co $ 15,000.00
Mining claims 25,763.20
Machinery and equipment 12,464.04
Total mining cost 16S.435.S5
Houghton offlco expense 1,971.27
Balance on hand 303,025.05
Summary since organization, .Feb. 16,
Sale of 249.1S5 shares of stock J225.1CO.00
Oro Sales 79,367.62
Equipment depreciation 24,231.39
Euroka City Mug Co I 65.S00.00
Little Chief M. & M". Co 32,074.21
Mining Claims 124.980.42
Building and equipment 110,778.49
Total mining expense 402.S12.23
Houghton oxpenso , 8,408.92
Balance on hand 303,023.05
IS MAKING RECORD
Spocial to Tho Tribune.
BOSTON. Fob. 4. Tho Kay Consoli
dated Copper company produced during
December 3,830,000 pounds of copper,
bringing tho total for the year to 35,931,
402 pounds. Tho monthly outputs have
shown a steady increase from the April,
1911, output of but 704,261, the company's
firdt month of production, to the high
record results for last December. Month
ly outputs for 1912 wore as follows. In
pounds. January, 2,476,000; February,
2.140.000: March. 2,300,000- April. 2.710
90S: May 3.075,856; Juno. 3.162.310; July,
3,105,165; August, 3.040,100: September.
3,135,163; October, 3.GS3.900; November,
3,370.000: December, 3,830,000. Total, 35,-031,402.
Wo have prepared a sired, clean ooke,
sultablo for use in mogaznne or base
burner stoves, that are constructed to
uso soml-anthraclto or anthracite coal.
This coke will bo sold at 6 per ton.
delivered, and contains a much fuel
valuo as Anthracite. You nave jiay
45 per cent.
Utah Gas & Ceke Co
J. C. D, Clark, General Manager,
1 51 South Mnln St. Phone Exchng 233.
The Good Results H
of this bank's conservative administra- Bl
tion, progressive methods and mod- H
cm facilities am amply attested by HH
steadily increasing business. HB
Tour account (largo or small i is IBS
It isn't a comparison I
; I p'
in coal prices we ask I
you to make: it's the I
real value we give you I fJ
for that same price . pj
STOCKS, BONDS, GRAINS, SH
PROVISIONS, COTTON. H
James A. Pollock & Co. flfl
BANKERS AND BROKERS,
$33,335 South Main Street (Felt Bide )
Salt Lake City.
Direct Private Wir lo all Market j
Duplex Syatom One Relay to New Yoili
and Boston. WH
Correspondent Members All Kxch.nzc.
Stock Carried oa Liberal Margini. "11 W
SpeclalUta in Mountain States Telephone
and Telecraph. jv ?