The Salt Lake tribune., February 19, 1913, Page 10, Image 10

About The Salt Lake tribune. (Salt Lake City, Utah) 1890-current

Image provided by: University of Utah, Marriott Library

I JiO THE SALT LAKE TRIBUNE, WEDNESDAY MORNING, FEBRUARY -19, 1913. 1
I JANUARY I HE
1 ;. TOf PKIICT
K. Larger Tonnage Handled, but
H .Value of Output Smaller
H "Than December.
I BELMONT INCOME LESS
H Tonopah Mining and Jim
Butler Both Increase Their
H Production.
mjrlnp the past week the mines of To
nopah produced a larger tonnage than In
the previous period, the figures being1 11,
297 tons, x-alued at $237,110, against 11.071
tone, valued at $231,530. The value, as will
be seen, was leaB. The pronounced re
ducilon In earnings was In the case ot
the Tonopah Belmont, while the Tonopah
Mlnlnfr company showed an Increaso both
bb to ore handled and the value and
earnings. , .
A total of 14,720 tons of ore during the
month of January treated by the Tono
pah Mining company averaged S1S.0H per
ton. The product was 2U.435 ounces of
bullion shipped, the value being $197,700,
while 110 tons of concentrates were mar
keted. the value of which was $41,850.
The total net earnings of the company
1 for January of S130.143 was an lncrea3o
of $8743 over the month of December.
1 The tonnag-e handled also was an In-
crease over December by 255 tons, while
the January ore averaged 55 cents per
ton better than the December ore
handled.
Belmont Operations.
In January, the Belmont company
milled 12.517 dry tons of ore. the valuo
of which was 244.124.69. The gold bul
Hon produced weighed 20PS ounces, while
j the silver bullion weighed S01.73G ounces,
HB and the net earnings were S150.-1S4.61.
BY This was an Increase of 777 tons over
December, but the ore averaged less per
ton, and the reduced January earnings
over those of December were $21,966. The
HH earnings, however, were approximately
BHIa 325,000 in excess of dividend rcrjulre-
3 ments. ,,,
fM January.' wa3 a happy mouth with the
Blv .llm Butler company, which handled 1684
Wi tons of ore. hotting the sum of ?20,C12.
9 This shows an increase of 416 tons, and
Hai $9453 over December. In all instances
i above mentioned, the reports of mlno
Hi conditions are very satisfactory In every
H The Tonopah Miner gives the follow-
Wf itg list of features of the camp in the
week past:
Features of Week.
Montana developing large ore -body on
Hf the 615-foot level.
Hp Tonopah Extension drifting cast from
1 new shaft. and opening up good ore on
X lower levels of mine.
vi Tonopah Merger shart reaches the now
I level and cuttlntr of station commenced,
c Midwav ore shoots continue to widen
t and company ships 100 tons of ore.
fl fj West End workings on sixth level are
1 5$ nearlng the ore and new compressor Is
Sjl being Installed.
IK MaeNamara ten-stamp mill treating
HI 21 seventy-five tons of ore dally.
I E Halifax commenced crosscuttlng on the
M 1400-foot level.
I gS Monarch Pittsburg drifting on quartz
i on 1100-foot level.
HI S , Tonopah Victor shaft nov.' being
I cfjulpped with hoisting plant.
I 5 Xorth Star resumes sinking from the
A 1250-foot level.
Ifj NO IMMEDIATE RISE
I EXPECTED IN EAST
, James A. Pollock & Co., bankers and
ra brokers, furnish the following, received
lj over their private wire yesterday after
1 1 "Painc, Webber & Co., Boston. Liqui
fy dafion in local coppers rolled up like a
I snowball today. The lower" "prices wont
5 the more stocks wore to be offered, prln-
clpally on account of catching stop or
f "dcrs. The buying was no heavier than
1 1 In past weeks and attempts to llflul
I date any amount of stock resulted in.
9 sharp declines. There Is nothing In the
Jj general copper situation to warrant the
i reaction and it Is simply due to the gen
i cral lack of confidence caused by war and
I political uncertainties. Coppers have
? more than discounted any possible break
in metal and nro selling considerably be-
lov their Intrinsic worth, but !t Is im-
possible to tell when confidence will be
S restored and stocks should only bo pur
f r chased now on the strongest kind of
I, margins or for cash.
Jt Logan & Bryan, New York. While the
j market gave a rather good account of
f itself during the forenoon, owing prl-
marily to the fact that the firemen's
I wacre dlifliute. It was announced, will be
arbitrated, still after short covering had
J1 run Its course a renewal of pressure oc
S furred with the selling emanating large
i ly from professionals. The weakness in
5 I specialties, notably Goodrich and Wool
3 worth, contributed greatly towards lu
ll j creasing the initiative of the element
fj committed to the selling silo, especially
n as there were no indications of aggreH
a sive support being tendered in any sec
ui tlon of the list. The market appeal's to
Is be suffering from the cunftilatlve effect
B of a combination of adverse Influences
SB which have fostered pessimism and quite
w JJ a little outside liquidation. Various ru
jlH mors of a disturbing nature have been
a D in circulation and the market Is plainly
IS showing the Ill-effects of same.
I RAY CONSOLIDATED
QUARTERLY REPORT
The Pollock wires, brought the follow
ing on Tuesday;
The quarterly report of the Ray Con
solidated company for the period ending
December 31. 1912, shows operating
profits. Including Ray & Gila Valley
Railroad -company, of $578,621, against
5650.713 for the third quarter- 5481.044
for the second and $253,025 for tho first
period of the year The total operating
profit for the year was S2.0C9.903.
Earnings for the fourth quarter were
based on copper ut 15.04 cents a pound.
Production for the fourth quarter was
10,490,661 pounds of copper at an aver
age cost of 9.3754 cyits per pound,
against 9,205,818 pounds for the third
i quarter at a cost of 10.0277 cents a
Tho total production for the year was
35,861,496 pounds of copper at an average
cost of 9.828 conts per pound.
I THEREIN DEEDS TO
.PASS TO COALITION
At the special stockholders' meeting of
the Seven Troughs Therein compnnv,
hold In this city Tuesday morning, the
deeds conveying the thlc to the property
to the Seven Trouch3 Coalition companv
were authorized. The Coalition company
for some time has owned 05 per cent o'f
the stock of the Therein company, but no
formal transfer of the properties had ever
been made. The remaining 5 per cent of
the stock is scattered from Alpha to
The purchase price for the propertier. Ih
J8.000, and the Coalition company Is to
assume the debts of the Therein company,
which are estimated to total $ 10,000.
Hj 1 Ore and Bullion.
Hjr' U The ore and bullion report for Tuesday,
Btti! ' given by McCornlck A: C-., was aa fol-
ii i J lown: Ore received, 46.000; bullion
Bi shipped, $76,000; total, $m,000.
ELY CENTRAL HOLDS
1 iU SESSION
New Board Chosen and Deal
With 'Big Neighbors Is
Outlined.
Special to The Tribune.
WILMINGTON. Del.. Feb. IS, Tho
first annual meeting of the New Ely Cen
tral Coppor company was held In this city
today and tho following directors and of
ficers were elected: James Milne of Bos
ton, Mass., president; John G. Gray of
Wilmington. Del., vice president; H. EI
Icrton .Lodge of Boston, Mass,, treasurer;
Jonathan' Brown of Wilmington, Del., sec
retary, and J. Pierce Cann of Wilming
ton, Del., as additional director. Tho of
ficial report of the directors to the stock
holders stated that tho surface rights to
37,123 acres had been sold to the Ne
vada Consolidated Copper company un
der an agreement to drill InOO feet In
the sold portion and to deed back to the
Now Ely Central Copper company nny
ground in which pit ore of a commer
cial nature was discovered.
The board had also, with the author
ity of tho stockholders, caused tho execu
tion and recording of a mortgage to se
cure the bonds distributed to tho stock
holders of the old company under the re
organization plan and had executed a.
lnasp to the Mines Developing company
for tho estate of the present corpora
tion. This latter arrangement was for
the purpose of protecting the smaller
stockholders against the possibility of
any outside Interests acquiring control
of tho property and was deemed advisable
inasmuch an the Glroux had taken an op
tion on the Copper Mines property and
the Nevada Consolidated was divided by
the strategic position of the Ely Central
ground.
Financial Condition.
The financial statement shows that
there is a balance of SS.149.39 on hand as
of February 1. 1913. Machinery, build
ings, etc, arc valued at S35.609.65, and
stock held In trust for the benefit of tho
trreasury, $5,500,000. Bonds Issued total
5175,000, and the real estate, consisting of
479 acres. Is valued at 87,962,390.35.
Arthur J. Selfrldge. nn attorney of
Boston, in whose hands the work of re-'
organization of the former B. H. Scheftels
& Co. enterprise v.ns placed, stated that
work Is now being performed on three
holes and It is the purpose of the man
agement to put down core drills for the
purpose of determining the actunl value
of the ore deposits, which, according to
the estimates of Mr. Pierce, the engi
neer In charge of tho work. Is estimated
at 20,000.000 tons of an estimated value
of 51 a ton to the company. This ore Is
believed to extend over an area 1500
fct by 1900 feet.
The old CUnper shaft will probablv be
continued and made the main working
shaft so soon as developments warrant.
Surveys are now being made to ascer
tain the dip and strike of the ore that
has already been exposed In the .Topic
claim, where a six-Inch streak at the
surface has widened out to about two
and a half foet at a denth of eighty
eight feet. On the Stewart Fraction
the drill hole Is being sunk to a depth
of GOO feet and is now down about 150
foot.
Deal in California.
There Is under discussion at this time
a proposition to make the Now Ely
Central Copper company a holding cor
poration and It Is probable that the board
of directors will exercise an option that
it hold3 on a piece of valuable mining
land In California. The property, which
is practically developed and on which
there Is a milling plant and considerable
ore blocked out, may ho taken' over at any
time.
HIGHEST AND LOWEST
ELEVATIONS OF WORLD
Th maximum difference in elevation
of land in the United States is 14.777
feet, according to tho United States
geological survey. Mount Whitney, the
hbjhest point, is 14,501 feet above sea
level, and a point In Death Valley Is 27G
feet below sea level. These two points,
which are both in California, are less
than ninety miles apart., This difference
is small, however, as compared with the
figures for Asia, Mount Everest rises
29,002 feet above sea level, whereas the
shores of the Dead Sea are 1200 feet be
low sea level, a total difference In land
heights of 30.292 feet. Mount Everest
has never been climbed.
The greatest ocean depth yet found Is
S2.08S feet, at a point about forty miles
north of the island of Mindanao, in the
Philippine Islands. The ocean bottom
at this point is therefore more than
eleven and a half miles below the sum
mit of Mount Everest.
The difference in tho land heights in
Europe is about 15.8RS feet.
TONOPAH FIRM GETS
NEW MILL CONTRACT i
The firm of Campbell & Kelly, con
tractors, who erected the Belmont mill,
has been secured by the Montana Tono
pah company for the task of erecting
the Commonwealth gold milling plant in
Arizona and of Installing the equipment.
Bids were asked for by tho Montana To
nopah company several months ago. The
Commonwealth property has blossomed
out Into one of the big gold mines of
the southwest, and It is hoped that the
new mill will be In shape for operation
early In 1914.
Nevadas iu San Francisco.
James A. Pollock & Co., bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon: .1 Bid. Asked.
Goldfield district
Atlanta $ .15 $ .16
Booth .02
Blue Bull 04
C. O. D 07
Combination Fraction .... -05 .0(3.
Daisy .04
Dlamondflcld B. B 03
Florence .42
Goldfield Consolidated 2.30
KewanoB -05
Jumbo Extension 30
Lone Star 03 ' .04
Merger Minos 26
Oro .07 .08
Silver Pick Con. 05 .0B
Vernal .13
Yellow Tiger 02
Manhattan district
Dexter Union 03
Gold Wedge 10
Manhattan Consolidated 00
Manhattan Dc.vtor .03
White Caps 09
Comstock district I
Consolidated Virginia .... .25 .20
Confidence 30 .40
Hale and Norcrosa 05 .06
.Mexican 75
Ophir 28 .29
Savage .06
Slorra Nevada 13 .14
Union 10 .12
Tonopah district
Belmont 7.45 7.50
Kostoi! 01 .02
Cash Boy .09
Gypcy Queen 03
Jim Butler 68
Tonopah Merger 77 ! .78
Midway I .33
Monarch Pittsburg Ex. .. .15 .17
Montana 1.60
iMizpah Extension 47
MacNamara 19
North Star 10
Rcecuo Eula 10 ,11
Tonopah Extension 1.721 1.75
Wcxt End , 1.20
Other districts
Pittsburg Silver Peak 61
Nevada Hills 1.10 1.15
SOME UGLY CHARGES
TO BE HWESTIGATED
Kindergarten Extension Co.
to Be Given Attention by
Indignant Owners.
That an Investigation by stockholders
Into tho affnlrri of tho Seven Troughs
Kindergarten Extension company seems
certain is one development of the stock
holders meeting held In this city on
Monday. The meeting was called for
the purpose of ratifying or rejecting the
sale of tho property to the Seven
Troughs Coalition company, a proposi
tion that was practically unanimously
disapproved of by the shareholders, and
serious charges were made agalnft some
of the officials of the Extension com
pany. One stockholder who attended tle
meeting stated yesterday that the books
of the Extension company had been han
dled In such a manner Juggled was the
word used that neither head nor tall
could be ascertained of actual conditions,
and It was asserted at the meeting that
money received on company account had
not been properly accounted for. An In
debtedness of about 59000 was shown,
but it Is stated that, this was npt
itemized.
Several shareholders express Indigna
tion over the JSxtensIon situation, and
they have retained attorneys to Investi
gate the affairs of tho company for tho
purpose of proceeding against any who
may be found delinquent In their duty
to the organization.
BULLION TAX PAID
BY NEVADA CON. CO.
The Nevada Consolidated company
paid the state of Nevada tho sum of
?13,2S3.7S, representing the amount duo
on the bullion tax for the fourth quarter
of 1912. This was at tho rate of ?2.10 per
S100 of the net profits of the quarter,
amounting to $632,560.73.
PRINCE WEAKENS ON
EXCHANGE TUESDAY
What looked to bo selling of some
margined Prince Consolidated stock on
the exchange Tuesday drove the stock
to GO cents a share, with 57 cents bid for
several thousand. The lowest sale was
for CO cents. Ohio Copper was another
weak issue, selling for 70 cents, or 30
i cents a. share below tho amount of the
assessment which shareholders were
forced to pay a. few months ago.
It was an unsatisfactory day all
around, tho sales reaching tho total of
23,000 shares, the market valuo of which
was J4S61.75. The following were the
closing transactions:,
UNLISTED STOCKS.
1 Bid. lAskcd.
Columbus Extension $ .035 $ TbT
Bing Central-Standard .. .OS. .09
Thomp3on-Qulncy 20 .23
New Ycrlngton 07 .10
liISTKD STOCKS.
A. M. P. M.
I Bid. Asked. Bid. Askcd.
Beck Tun ? ,09a S .10 $ .00 J .10
Blng Amal .04ft .06 .04. .06
BI Jack .. .005 .12i .09 .125
Carlsa .10
Cedar Tal.. .00J .01 .003 .01
Colo MIn .15 .16 .15 .16
Cr Point. .021 .023 .021 .022
Daly 1.00 1.30 1 .00 1.30
D-Judgo .. 6.00 6.50 6.00 6.40
Dragon .. .10 .30 ,10 .30
B Prince. .003 .012 "-01 .013
.13 C Point 00.
B T Con 00.
E T Dcvel , 01
Emerald 10
Gold Chain .40 .43 .40 .43
Gr Central .75 .76 .75 .76
Ir Bios... Iv32i 1.35 1.30 1.35
Tron King 04
J Bowers. .00. 00 j
Keystone 20 ....... .20
K William .052 .06i .06 .06.
Lead King 07 07
Lehl Tin. ,00. .01 .004 .01
Lion Hill. .022 .05 .022 .05
Lit Bel! 35 35
L Mam.. .04 .04J .04 .04J
Musgrove. .08 .15 .08 .15
Mammoth. ....... 1,00 1.00
Mason Val 7.00 9.00 6.00 8.50
May Day. .15 .155 .15 .155
Min Flat. .01 .02 . .01 .02
Mt Lake. .025 -04i .025 .041
Nev Hills. 1.00 1.175 1.00 1.20
New'York 00 .005
Ohio Cop. .70 .73 .68 .70
Opohongo. .05 .054 -05 .055
Piocho D. .021 .04 .02 .03
Ploche M 01 .005 -01
Pitts-Ida 1.25 . . 1.25
Plutus .. .061 .062 .06 .075
Prince C. .62 .65 .61 .63
R & Ana 10 10
Rcxall" ... .01 .011 .01 .011
Seven Tr. .013 .03 .013 .04
Sll K Coali. 2.90 3.00 2.90 2.97
Sll K Con. .75 1.00 .75 1.00
So Pacific .015 .15 .01 .15
Sll Shield I .03
Sioux Con .03 .05 .031 .06
So Ir Bios ; 005
Swan Con .01 .03 .01 .025
Tin Cent. .001 .01 01
United Tin. .003 .01 .002 01
Uncle Sam 11 10
Utah Con. .011 .012 .01 .02
Un Chief. .052 .0G .055 .052
Victor Con .03 .04 .03 .05
Victoria C .55 ,5G .55 .57
Wllbert 10 .10 .08
Tan Con. .13J .141 .13 .16
Yer Cop. .. .04 .10
G C Crown 02 02
Grutll 011 ....... ,015
Moscow 45
FORENOON SALES.
Crown Point, 2000 at 2Jc.
Grand Central, 100 at 75c.
Iron Blossom, 900 at ?1.35.
Iron King, 600 at 3c.
Lower Mammoth, 2000 at 4c,
May Day, 500 at 151c
Opohongo, 2000 at 5c.
Plutus, 500 at fi?c
Prince Consolidated, 100 at 65c.
Shares sold, 7700.
Selling value, $1714.25.
OPEN BOARD.
Crown Point Consolidated, 3500 at 2c
Iron Blossom Consolidated, 700 at $1,325.
'Wilbert, 650 at Sc.
ShnreR sold, 4S50.
Selling value, 51067.
AFTERNOON SALES.
Daly-Judge, 100 at 6.25.
Lower Mammoth, 100 at 45c.
Ohio Copper, 1000 at 70c,
Piocho Demijohn, 1000 at 2Jc.
Prince Con.. 200 at 03c.
Union Chief. 3000 at 52c. . . .
Wllbert, 350 at 8c.
Shares, sold, 5750.
Selling value, $1059. : .
OPEN BOARD.
Crown Point Con., 500 at 2Jc.
Grand Central, 100 at 76c
King William. 2000 at 61c.
May Day. 1000 at 15c.
Ohio Copper, 100 at 69c, seller sixty
days.
Prince Con., 1000 at 60c,
Shares sold, 4700.
Selling value, $1021.50,
San TranciRco Oil Stocks.
James A. Pollock Si Co., bankers and
brokers, furnish the following, received
over their "private wire yesterday after
noon: CLOSING QUOTATIONS.
1 Bid. lAskcd.
Caribou $ 1.00 $
Illinois Crude , 05
Monte Crlsto 85
Now Pcnna 35 .45
Palmer 16
5. W. & B 16 .20
Turner . 1.00
W1C Oil a. 225
SILKED OUTLOOK IS
HOT DUHG
Selling Agencies Mark Time
Until Next Buying Move
ment Is Reached.
Silver has been hanging at around 62
cents for several days, that being the
quotation In New York for Monday and
Tuesday. The January average of tho
metal was 62.038 cents per ounce, against
a 1912 average of 60.S35 conts and 56.260
cents per ounce In January of 1912. There
was a slight recession In tho price of sil
ver during tho latter part of Jununry, in
fluenced, as believed, by Samuel Montagu
& Co. of London, by the fact that, the
Chinese New Year usually is attended by
milet business conditions, This firm has
Issued a letter on the silver situation
which continues as follows, after calling
attention to the Chinese holiday season:
"The cause lies deeper still, and It may
be well to review the present position of
sllvor and consider why the favorable In
dications at the end of 1912 have, so far,
failed to materialize.
"The most fea-slble solution la that In
dian operators have arrrlved at the con
clusion that hull speculation In silver has
now lost much of Its ralson. d otre.
"The substantial character of the pur
chases made by the Indian government,
and the comparative ease with which
they have been executed with a minimum
of disturbance to prices, necessarily con
'ey an Impression that the holding of
silver on a. largo scale, or a fresh pur
chase for a rise, Is a more speculative
transaction than it was when silver was
quoted at lower figures. In other words,
though tho indications may still be In
favor of good prices, only a moderate rise
Is likely if they eventuate, whilst the
operator Is running tho risk of quite a
substantial fall should circumstances
prove adverse.
"It was, therefore, natural tlia.t sllvor
required In connection with the Chinese
loan operations should be obtained from
Indian quarters, supplies from ordinary
channels undercut as a consequence.
"Tho reduction of speculative stocks
cannot fall to consolidate the market,
even though their realization may have
temporarily, a somewhat weakoning ef
fect. Meanwhile, sellers are disposed to
mark time until fresh orders revive tho
market."
CONTRACTS LET FOR
THE BUCKHORN MILL
The Buckhorn company, a Wingfield en
terprise located In Eureka county, Ne
vada, has let the contracts to Goldftold
and San Francisco Arms for tho 350-ton
milling pltfnt which will be Installed with
out delay. The foundations for the mill
are practically completed. Tho Goldfield
Tribune says that the contracts were di
vided into six separate parts, four of
which went to Ne'ada equipment llrms,
the two remaining contracts to California
firms.
FEW FAITHFUL ARE
BRINGING OUT CAMP
The few mining men who have re
mained faithfully with the Rawhide camp
of Nevada arc reported to have demon
strated in recent operations tho existence
of large bodies of milling jrrade gold ore.
and tho district looks as if It will be one
of tho steady sections of the Sagebrush
state. At least one now mill Is being
plnnncd.
Rawhide was at one time the scene of
a tremendous boom, Its birth dating from
the heart of tho 1907 panic. Another
hard-times district Is now booming In Ne
vada Rochester and It appears to be
getting the peoplo despite the fact that
money Is tight and people are skeptical.
SMELTERS IN MEXICO
COMPELLED TO CLOSE
Special to The Tribune.
NEW YORK, Feb. 18. Tho Matchuala
and Vclardena smelters of the American
Smelting & Refining company In. Mexico
havo been compelled to close down, ow
ing to traffic Interruptions. Tho trouble
at both places Is lack of fuel and tho
company states that both plants expect
to be in a position to resume operations
within a few days. The Monterey, Chi
huahua and Aguas Callentes plants aro
running without Interruptions so far.
ORE SHIPPERS TO
THE MASON VALLEY
The Yerlnglon Times gives the follow
ing ore receipts at the Mason Valley
smelting plant at Thompson, Nev., for
the week ending February 14: Nevada
Douglas, 293S tons; Mason Valley, 2093
tons; McConnell. 415 tons miscellan
eous, 327 tons; total, 5773 tons: a dallv
average of 825 tons. During this same
week, tho smelter shipped out twelve
cars of matte to Garfield, Utah.
Boston Mining Stocks.
James A. Pollock & Co., bankers and
brokers, furnish tho following, received
over their private wire yesterdav after
noon: BOSTON COPPER RANGE.
I Salea.l IT. L. CIsc
Algomah lj l l
Butte & Balak 3 25 3
Butto Sz Superior..., 2.068 34J 32J 32J
Calumet & Arizona.. 1,130 615 59 50
Chief Con 135 ljj ir i&
Copper Range 443 44 43 43J
Daly West i 35 83
Davis Daly 120 li l 1
East Butte 8G8 121 115 115
Glroux Con 135 2g 2j 22
Granby Con 1,010 62 55 55
Greene Cananca ... 520 7J 72 72
Hancock 655 IS 1G2 17
Indiana Copper , 210 2 115 115
Inspiration Con 90 165 161 10i
Lake Copper 1,175 16 12 122
La Rose 100 3 3 3
Mason Valley 115 S 8 S
Nevada Con 130 1G2 16J 165
Michigan-Utah .... 700 45 40 40
Nlplssing 685 9 82 81
North Butto 1,041 26 245 245
North Lake IS 11 15
Ray Con 275 17fi! 162 162
Superior & Boston.. S25 22 2 2!i
Trinity 41 4" 4
U. S. Smeltor, com.. 350 40 3i 39
Preferred 215 1S2 485 48S
Utah Con 220 i 95 93
Pond Creek 1,265 24 ,22 22
American Zinc 1,710 303 295 295
BOSTON CURB CLOSE,
I Bid. lAoked.
Alaska- 513.62 S13.75
American Zinc 29.25 29.75
Arcadian 2.00 2.25
Begole 1.50 2.00
Bingham Mines 4.00 4.:5
Boston Ely 72 ,75
Bohemia 5.50 5.75
Calaveras 2.875 3.00
Eagle & Blue Bell 99 1.06
IToton Copper 4.50 5.00
Kerr Lake 3.125 3.375'
Keweenaw 2.55 3.00
Massachusetts 4.50 5.00
Majestic 40 .42
Mayflower 8.00 8,50
Michigan 1.50 2.00
Miami . 22.00 22.50
Nevada Douglas 2.50 2.75
Ohio Copper 70 .75
Oneco 1.371 1.50
Old Colony 4.50 4.875
Pond Creek 22.00 22.50
Shannon 10.62 10.75
Stewart. 1.625 1.75
South Lake 6.00 6.50
South Utah 25
S. W. Miami ; 3.00
Tuolumne 2.625 2. 871
Utah Apex 1.75 2.121
Victoria 1,50 1.875
Winona 2.50 3.00
Wyandot 1.00 I
CLARK SAYS COPPER
llEItS MOT BAD
Former Senator Says Drop in
Securities Due to Present
Unrest in Finance.
Special to The Tribune.
BUTTE, Mont, Feb. IS. Former Sena
tor W. A, Clark, In an interview on the
copper situation here tonight, declared
!thal it was no worso than Uiobo that
prevailed In other Industries and that if
the production was Increased for two
years at tho rato of last month, It
would not aft'ect the copper markot seri
ously. Ho said:
"The copper situation Is no worse than
tho condition which prevails In other
like Industries. All securities havo gone
down a llttlo In the past week or two,
probably caused by the unrest which
seems to prevail in many different parts
of the world at present. Tho last re
port of the Copper Producers associa
tion, showing nn Increase ot 18,000,000
pounds over consumption last month,
throws something of a damper on the
situation, although thero is really no oc
casion for this.
"Coppor reserves amount to 200,000,000
pounds, only a six weeks' supply for tho
entire world. If the Increase In pro
duction over consumption should bo
maintained at the rato of last month, It
would take two years to affect tho cop
per markot seriously. The Industrial
situation throughout tho United States
Is good."
Oro Shipments.
The Utah Ore Sampling company on
TueBday released six cars of ore from
Utah camps.
New York Mining Stocks.
Jnmes A. Pollock & Co., bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon: NEW YORK LISTED STOCKS.
I Salcs.l IL I L. IClse
Chino 4,500 3S2 37 37
Goldfield Con 400 2 2 2
Nevada Con 2,600 16R 16 1G
Ray Con 4,800 178 16Z 16J
Tenn. Copper 600 34 335 335
Miami Coppor 700 225 215 215
Utah Copper 3,100 513 495 405
Inspiration 300 16 16J 16
Studebaker Com 100 30 305 305
Ontario Sliver 100 25 25 2j
NEW YORK CURB RANGE.
I Sales.l H. L. Clss
First Nat. Copper 1J Ifi IB
Glroux Con 1,500 22 28 28
Yukon Gold 3J 3 3
Ohio Coppor 200 2 3 2
Now Keystone H IB 1!)
South Utah j) 8
Mason Valley 8 75 85
Braden Copper 3,000 88 89 8J
Ely Con. 600 12c 12c 12c
Nevada Holls 1,200 li li li
Kerr Lake I 500 38 3 3
Belmont 700 75 75 75
Tonopah 1 6 51 6
Alaska 2,500 142 132 132
NEW YORK CURB CLOSE.
I Bid. lAsked.
Ely Consolidated ? .11 ? 13
First Nat. Copper 1.625 1.S75
Glroux Consolidated 2.65 2.75
Yukon Gold 3.00 3.125
New Keystone 1.625 1.875
Nlplsslng S.62J 8.S75
Ohio Copper 55 .75
Ray Central 2.37
La Rose 3.00 3.125
South Utah 25 . 37
British Col. Copper 3.75 4.00
Bay State Gas 375 50
Braden 8.25 8.375
Mason Valloy 7.50 S.50
Sioux Consolidated 04 .07
Colorado 14 .18
Iron Blossom 1.25 1.30
Carlsa 05 .15
Nevada Hills 1.06 1.20
J WEATHER FORECAST?
WEATHER FORECASTS FOR SAW LATCH CITT
AND STATE OF UTAH FAIR WEDNESDAY,
PRECKDBD BY SNOW, SOUTH PORTION;
THURSDAY FAIR.
Comparative woatlior data t Salt Lake City for
Fchruary 18, IMS;
Highest tumpcraturo today ivas 31 degrees; hluh
cil In thla month Hllice 1S71 ivas CS desreos; low
est, last night was 24 degrees; lowest Uile month
nlnce 1S7-I was 13 degrees below :cro; moan tem
perature tor today ttjis IS decrees; normal was 31
degrees; accumulated excess since tho first of tho
month la Gl degrees; accumulated excess sicca Jan- j
uary 1 la 1 degree,
ReUtlvo humidity at 6 a. rn. today was 77 por
cent, rclatlvo humidity at C p. m. today was
Si ser cent.
Total precipitation for tho twenty-four hours end
ing at 6 p m. vraa .SO of an Inch; total for this
month to dato Is .Gi ot an Inch, accumulated de
ficiency for this month to date In .20 of an Inch;
total precipitation. r.Inco Janu.try 1 to date Is 1.45
Inches; accumulated deficiency olnco January 1 Is
.74 of an Inch.
Sun rises at 7:17 a. m. and seta at C:07 p. m.
on February 19, 1913.
WFiATliER OBSERVATIONS.
Temporaturc 5'
'5- 1 2.?
SUtlonj.. ? fj b
SALT LAKE CITY 3() 31 2 60
Boise 38 40 L'C .00
Cheyonno 20 30 23 0
Chicago 64 65 81 ,00 ,
Denver 32 42 3$ .02
Deo Moines .. 40
Dodge City 50 04 34 .00
Duluth 2S' 2S 22 ,25
Durauco 42 44 32 .00
Grand Junction 42 EG 32 00
Havre 2C 30 24 .00
Helona 26 2U 2S .00
Huron 33 4G 2C .00
JaeX-Eontillo .. , CO 72 G2 00
Kansas City 64 iS 4S .00
Lander 20 24 24 .43
Lo.i Angeles 58 C2 50 ,00
Modena ... 22 2S .. .33
MoorlifAd 34 34 32 .00
Not Orleans r.ij U2 4S .00
Now York 30 3tJ 16 .00
North Platte 40 50 2S .00
Oklahoma C4 72 44 .00
Phoenix .... 6 70 41 .01
Pocatello .... 28 30 24 .12
Portland. Or. 44 48 3S .01
napld City 23 33 36 ,00
Koscburg 44 40 3fi .05
San Diego CS 60 52 .00
SU Louis 62 70 12 .00
St. Paul 4? ,34 3G .00
San Francisco 54 55 46 ,00
Seattle. 4i 40 40 .06
Sheridan 2 2? 29 -JO
Spolcuno 40 42 32 .02
Tonopah 2S 30 20 .00
Washington 3(5 -42 23 .00
Wllllnlon . 22 2$ 28 .02
Wlnnemucca 32 36 18 .01
The Spirit of
Go -operation
Is a recognized factor In our useful
ness to our depositors and cllnnts.
Best facilities for prompt service.
Checking Accounts (Larso or small)
aro cordially invited.
NOBODY CI TELL IF YOU DAU g
' GRAY. rJDElHi WITH SAGE TEf
Druggist Says "When Mixed
With Sulphur Prevents
Dandruff: and Falling
Hair.
Common garden saco brewed into a
heavy tea with sulphur and alcohol
addoa, then left to ago and carefully
filtered will turn frray, streaked and
faded hair "beantifully dark and luxuri
ant; remove ovory bit of dandruff, stop
scalp itching and falling hair.
Just a. few applications will prove a
revolation if your hair is fading, gray
or dry, scraggy and thin. Mixing the
Sago Tea and Sulphur recipe at homo,
though, is troublesome. An easier way
is to got tho roady-to-use tonic, costing
about 50 cents a large bottle at drug
stores, known as "Wyctb'n Sage and
RICO ARGENTINE IS
A STEADY PRODUCER
Director C. B. Smith of tho Rico Argon
tine company, Is in tho city from Colorado
conferrln" with his Utah associates In
thin Colorado mining enterprise. He
states that tho company during January
averaged one car of copper oro dally, and
this rato of shipment Is belns maintained
at this time. Tho ore Is a lino grade cop
per rook, and it is being 3ent to tho Salt
Lake Hmeltor market, Tho management
continues to open new ores steadily and
tho body from which theso copper ship
ments are being mado Is from IS to 20
foot thickness. It has been opened so
far 60 feet In length, with oro oro still
holding as well as ever in the face.
Metal Market.
The metal quotations for Tuesday,
posted by McCornlck & Co., were as fol
lows: Sllvor, (12c; lead, $4.35; copper,
$15,30.
Sulphur Hair Semedy," thus avoid
a lot of muss. Some druegists r y,i
therr own, but it isnt near y so ntct
"Wyoth's." lc?
. "bilo Tvispy, UX ay, faded hair is'
sinful, wo all desire to rotain our vmi "
ful appearance and attractiveness. I
darkening yonr hair with Wyeth'a a '
and Sulphur no one caa tell", becaug ill
docs it bo naturally; so evenlv "
inst dampen a sponge or soft brush :"
draw it through your hair, takinc'
small strand at a time. Do this toni t't
and by morning all gray hairs have'i
appeared, after anotbor application' '
two it will 'bo restored to its natu l$
color and be even more glossy sof i
luxuriant than ever. ' "
i c&r"uts lay the-v are soli
jots of "Wyeth s Sage and Sulphur V
it suroly helps foll:B appear veara vou!
or. Special agents: Schramm-John J i
I Drugs, ilvo stores. . (Advertisement'.'
i
-
FOR i
U0 BASE BUHEftH
ii'GAs j STOVES 1 5
WliCOKE Jfel e iavc PreParc(l a specialj jjj
t'. iagraioSSSSIL sized clean coke suitable for nsot
. 1" magazine or base burnur &
--Sa stoves, that are constructed tot ft
S use anthracite coal. p
This coke -will be sold at $6 per ton, delivered, and con- i
tains as much fuel value as Anthracite. You have all the'; Jl
luxury of hard coal at half the cost. $
UTAH GAS & COKE CO. j I
J. 0. D. Clark, Gen'l. Mgr., 61 So. Main St.
9
When the minister called the congrega- j
tion together to pray for rain only one little! lj
girl Drought an umbrella. J jf
Now that is the way with about half of the people whoi
commence saving. They do not themselves really believe! "c
that they are going to succeed in saving systematically. JH
They start almost as a joke and soon stop. THEY HAVE?)
NO FAITH IN THEMSELVES or in their own stick-to-it-J "
ive-ness. An astonishing number of savings accounts faih
to grow for just that reason. u ?e
When you open YOTO savings account, be like the J
little girl in yonr confidence that you will succeed in your; l
undertaking, KNOWING that you have- backbone enough' J
to continue the weekly or monthly additions to the account;' ih
That is what counts in saving as m everything else. . $ g
' NATIONAL COPPER BANK A
.'J 4 1
"Courtesy, Helpfulness, Strength!." jj 'a
1
Tho use of tho Want columns Trill
afford opportunities for the exchange
or sale of household goods.
STOCKS, BONDS, GRAINS,
PROVISIONS, COTTON.
James A. Pollock & Co,
BANKERS AND BROKERS,
533-333 South Main 8treot (Fol Bids.).
Salt Laka City.
Direct Prtvata Wire to all Marfcat.
Dnplec System One Belay to Mew YotU
and Boston.
Cerrespoziflexrta iletnber JLH KxchanKr.
Stock Curled on Liberal Margins.
Ep-rciaiislJ In 3 Loot tain 3tt Telethon
aztd TfcJesrapb-
COPPER SELLING IN . j P
RATHER GOOD LOl U
B
The Pollock wires on Tuesday broul
tho Information from Boston .hat in i
past week there have been mim i
about 75,000,000 pounds of coPf'ifo
which the Michlg-an producers pro
approximately 15 000,000 poundj- a
price at which this metal was eow v
15 cents per pound. to Bo II
Recent advices from Mlcli nMchIS ft
ton were to tho effect that t he .Miem j
smelters were forwanllnff 1 he
cast before It had tlaw to . cool
would Indlcalo that they ar e not " j
much trouble in d bposIW of r ,
metal despite the difficulty gcnjrauy .
mltted by others. Al
'VJ
ooiSfeoKSSaottW-
DB If you cannot reach us lj
Si! in person with your or-M
!i! der, just phone Ex. 401. j
!j! The same careful after g
ffl tion will he given. I jS
mII H h
jji FISCHER-KITTLE K
i;i GSAL m. I,
!! L. K. Eeymoldfl, Mgr.
!l 277 MAIN STBB2T- Ms
M Hume It I.5
V .nflaBm.-.