Newspaper Page Text
H i 8 THE SALT LAKE TRIBUNE, WEDNESDAY MORNING, FEBRUARY 26, 1913. .1
CIO REPORT IS
I OUT FOR QUARTER
KJ Earnings in Fourth Period
H vWere Lower Than Those
H of the Third.
HI WHY COSTS INCREASED
H Company Sets Forth That
Unsold Copper Is Normal
H' in Amount.
The report of the Chlno company for
B' the fourth quarter of 1012 has reached
the west In its entirety, brief telej,Taphlc
Itsis of which have been available since
' Kb release in the east, several days ago.
HL The lart quarter compares with the pre
H' vious periods as follows:
Fonrtli Third Second First.
H quirtr. quarter, qanrter. quarter,
i MIIIIsc PProflU ..HJ9.SM W63.C13 J195.S71
Crnd era profit- 22.SC
Mltc. Income .3S S,0J0 2t.SU 31,150
flj Total ,.IS52,JIS Jl.051.eiC Wt-O.ttfi J22S.021
Hf The total net profits from all sources
for the year 1912 were $2,352,822. Tho
H earnings for the fourth quarter of last
H ' year arc calculated on nn average price
H of 14.622c a pound for copper, which is
H less than was actually received for the
P metal sold during the quarter. Tho lower
B price was used to brlnp down the lnvcn-
H torj' price on a normal stock of unsold
B copper to 124 cents a pound. The rcmaln-
H dcr of all copper unsold at the end of
H the quarter and year Is carried at 15
B cents a pound. This decrease In the ln-
H ventory price, as applying to stocks of
B copper, accounts in larsc part for the
H diffcrenco in earnings In proportion to
B production between the third and fourth
Cost of Production.
j The cost per pound of not copper pro
duced by milling operation for the qunr-
B ter, after allowing for smelter deductions,
m and without making- credit for mlsccl-
B lancoun revenues was S.).r cents, as com-
B pared with 6.H7 cents for the previous
H quarter. Tn this cost all operating, ad-
H ministration and general charges and
H costs of improving sections Nos. 3, 2 and
H 1 are included, as Is also a charge of 30
H cents a ton of ore treated for the extln-
H gulshment of mine development and strip-
H ping expense.
H The cost per pound from crude ore
H shipped was 7 cents, after allowing for
H smelter deductions.
H The increased costs for (his quarter, the
H report says, was partly due to the fact
H that a considerable quantity of ore con-
H talnlng a high percentage of Iron with
H the copper minerals has been treated,
H resulting in a lower ratio of concentra-
H tlon as well as a low grade concentrate.
Value of Concentrates.
Hj The ratio of concentration was 15.11 '
B tons of ore into one ton of concentrates.
BBMV there being produced a total for the quar- 1
MS ter of 29,801 tons of concentrate, averag-
H lug 18.03 per cent copper, as against 20.-
H GSu tons for the previous quarter, avcr-
H aging 25.02 per cent copper. The aver-
H age extraction for the quarter was C-i.58
H per cent, corresponding to a recovery of
23.32 pounds of copper per ton of ore
H milled, as compared with an ; vcragc cx-
H traction for the previous quarter of 65.15
H por cent and a recovery of 30.30 pounds
H nf copper per ton of ore milled. The :
H average grade of ore for last Quarter
H was 1.84 per cent, as against 2.33 per ;
H rent for tho previous quarter.
H The avcnigc dally tonnage treated In
H thn fourth quarter of last year was -1920
H tons, as compared with 17G3 tons in the
H first quarter of the year. The fifth aec-
1 tlon of the mill was put in operation
H November 2S, hut throughout the quar-
H ter the company practically operated only
H four sections, as certain Improvements
1 had been made in sections -I and 5 that .
H proved to he most advantageous and 1m-
H mediately after the completion of section .
H No. 5 similar alterations on No, ?, were
H begun. These have been completed and '
H section No. 2 Is now being made stan-
H dard. It Is estimated that all this work ;
1 will he completed by March next.
Ores' Are Increased.
H The total production of copper in the '
H fourth quarter of the year war 11,067,864
H pounds, compared with 10.608, -178 pounds
1 in the third quarter, ' 4.280.644 pounds In
H the second quarter and 3,271,980 pounds
H in the first quarter. An additional steam
H shovel and some locomotives were re-
1 reived during the quarter, making a to-
H tal of seven shovels and fifteen locomo-
1 Tn conclusion the report states that the
H conditions necessitating the shipment of
H ores of a character to produce low grade
Hj concentrates, are at the date of this ro-
H port so changed that hereafter a higher
H ratio of concentration, better recoveries
H and consequently lower coBts may he ex-
H peeled. Drlllinc wax continued in a llm-
H Ited way. resulting in some extension of
H nro bodies in the southwesterly section of
H the properly.
Nevadas in San Francisco.
H James A. Pollock & Co.. bankers and
H brokers, furnish the following, received
H over their private wire yesterday after-
1 Bid. lAsked.
Atlanta $ .15 $ .17
Bluo Bull 01
C. O. D 17
H Daisy 04
H Diamondfleld B. B 03 .01
H Florence 42
1 Goldfleld Consolidated ...I 2.25 I 2(30
H Kewanos I j .05
H Jumbo Extension 31
H Ivonc Star - .03 .04
H Merger Mines .28
H Oro 07 ..08
H Silver Pick Con&olldatcd 07
H Yellow Tiger 02
B Manhattan district
H Big Four SG
1 Dexter Union 03
1 Gold Wedgo 10
1 Manhattan Consolidated OS
j Manhattan Dexter 04
H White Caps 09
H Comstock district
H Consolidated Virginia - 15
B Confidence ,12 ,5s
Bmbmi TIale and Norcross 06 07
H Mexican 57
H Favage 04
H ITnion ".10 '""'li'
j Tonopah district
H Belmont - -
H Boston nf 0''
H Cash Boy .09
H Gypsv Queen ".03
1 Jim Butler ,72
1 ITallfa.x 2s 00
H Tonopah Merger 85 '"'sh'
M Midway .r,6
Mons. Pitts. Extension h 15
H Mlzpah Extension 4s
H MacNamara .20 .'.
H North Star 21 ""2
H Itcsciif Euln 11 'jo
H Tonopah Extension 1.77
H "West End 1.30
H Other districts
H Pitts, Silver Peak I .60 . .
1 Nevada TTIIIf I 1.15 .',,'.'."
H Round Mountain ) .32 ".3t
H Ore and Bullion.
H The ore and bullion report for Tuesdav
H given by McCornick fc Co.. was as fol-
lows: Ore received, 210,000: bullion
shipped, $40,000; total, 150,000-
HALIFAX HAS FOUND
TRE BELMONT HEM
Tonopah Miner Gives Details
of Recent Discovery at
The most encouraging development
that has ever occurred in the Ilallfax
Tonopah mine was rnado this week on
the 1400-foot level In the north crosscut
from tho west drift from tho shaft, says
tho Tonopah Miner.
The we3t drift was run from a main
north crosscut that was extended j from
the shaft to tho south line of tho Mlzpah
Extension ground, encountering a con
tact about eighty feet south of that line.
Drifting was commenced on this contact,
some quartz being encountered at Inter
vals. The contact was followed In a
southerly direction until trachyte forma
tion was entered, about eighty feet cast
of the east end line of tho Belmont com
pany's Tesuro claim, near tho center of
the Halifax No. 2 claim, and after this
had been drifted In for about forty foet
crofscuttlng north was commenced and
whut Is believed to bo the Belmont vein
was entered this week, at a point where
It was anticipated It would be cut by
Manager S. 11. Brady.
The crosscut is now nine feet Into
quartz heavily Impregnated with iron sul
phides, samples taken at Intervals as
saying from fu to J7 a ton and carrying
the usual ratio of silver-gold values char
acteristic of the Tonopah orei. The vein
has a general course east ae west and
dips to the north at an angle of about
Crosscutting in the vein Is still be
ing continued and good progress is ho
ing made in the sinking of the main
shaft, now 1555 feet deep, to the 1700
Tho property was taken over by the
present company In May, 1011, and In
the following month the sinking of a
new triple-compartment shaft was com
menced and sunk to the 1300-foot level In
one year, a record for shaft sinking In
In November last the shaft was
equipped with a new and powerful elec
tric hoisting plant with a hoisting ca
pacity of 15,000 pounds and a speed of
750 feet a minute, and In every way the
equipment of the property and the char
acter of the work accomplished has dem
onstrated the utmost faith of tho com
pany In the ultimate success of the en
terprise, which is now apparently within
Boston Mining Stocks.
James A. Pollock & Co., bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon: BOSTON COPPER RANGE.
Sales.) H. L. Clsc
Algomah 130 1J 1 1J
Butte & Balak 3 2.J 3
Butte & Superior .. 2,230 30 29 29
Calumet Arizona.. 535 60 593 CO
Chief Con 95 li 1 14
Copper Range 235 43 43 43
Daly West -1 3i 4
Davis Daly 140 1 1J 1J
East Butte 725 12 Hi 12
GIroux Con 250 2E 2 21
Granby Con S16 573 551 501
Greene-Can 325 7J 78 7?
Hancock 18 17 IS
Indiana Copper 11 103 H
Inspiration Con 16 15! 1C
Lako Copper 265 141 14 141
La Rose ., 176 22 2J 2J
Mason Valley 575 71 7 71
Nevada Con 163 161 161
Michigan-Utah .. ..I 42c 35c -12c
Nlplssing 150 SS 83 S3
North Butte 720 24Z 24Z 24 J
North Lako 70 IE 18 fg
Ray Con 171 17 17
Superior & Boston.. 900 31 3 31
Trinity 45 4 4
U S Smelter, com... 100 3SJ 381 381
Preferred 130 -48 48 48
Utah Con 260 9 81 9
Pond Creek 245 221 22 221
BOSTON CURB CLOSE,
I Bid. Asked.
Alaska $13.00 513.50
Amorlcan Zinc 28.621 29.00
Arcadian 2.00 2.12
Begole I 1.37J1 1-621
Bingliam Mines 4.00 4.25
Boston Ely 65 .75
Bohemia 2.00. 2.25
Butte Central 7.00 7.121
Butte & London 22 .23
Calaveras 2,871 3.00
Eagle & Blue Bell 97 .99
Grecne-Cananea 7.75 S.00
Hoton Copper 4.25 -J .50
Kerr Lako 3.121 3.371
Keweenaw 2.50 2.75
Mass 4.75 5.00
Majestic 41 .44
Mayflower S.62 9.00
Michigan 1.50" 2.00
Miami 21.75 22.00
Nevada Douglas 2.37 2.62
Ohio Copper 63" .60"
Ojibway 2.12 2.25
Old Colony 4.75 5.00
Oncco 1.25 1.50
Pond Creek 22.00 22.50
Shannon 10.25 10.50
Stewart 1.121 1.62
South Lake C.25 6.75
South Utah 25
S. W. Miami 2.00 3.00
Tuolumno , 2.62 2,75
Utah Apex 1.62 2.00
Victoria e 1.45 1.50
Wyandot . .85 .95
New York Mining Stocks,
James A. Pollock & Co,, bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon: NEW TORK LISTED STOCKS.
I Salus.l II. I L. else
Chlno 77. 2,500 37 362 37
Goldfleld Con 800 22 21 21
Nevada Con ,. 1.200 16 161 161
Ray Con 1,400 171 17 171
Tenn Copper ....... 600 354 34 34
Miami Copper 500 22 212 22
Utah Copper 3,000 511 501 511
Inspiration 100 15? 153 153
Studobaker Con. ... 200 29 2S 29
Ont. Silver 3 2 21
NEW YORK CURB RANGE.
I Sales.l H. L. Clsc
First Nat'l Copper 2 H 2
GIroux Con 50.0 2 2 21
Yukon Gold 31 3 1 3
Ohio Copper 3 SI 3
New Keystone 1! If i
South Utah a i i
Mason Valley 300 71 63 C5
Braden Copper 2,000 82 8 Si
Ely Con 6001 12cl 12c 12c
Nevada Hills 300 1 1 J
Belmont 600 7 7 7
Alaska 1.500 1311 12Z 12j
NEW YORK CURB CLOSE.
I Bid. 1 Asked.
Elv Consolidated $ .11 J .13"
First National Copper 1.25 2,00
GIroux Consolidated 2.50 2-55
New Keystone ,. 1.62 1.87
Nipissing 8.62 8.37
Ohio Copper 62 .75
Ray Central 2.37
La Rose 2.75 3.00
South Utah 25 .37
British Col. Copper 3.37 3 64
Ray Stale Gas 37 .59
Braden S.00 g.25
Mason Valley ' 6.75 7.25
Sioux Consolidated ....... .03 ,07
Colorado 12 '17
Iron Blossom 1.28 1.35
Carira I .05 .15
Nevada Hills 1.12 1.20
The metal quotations for Tuesday,
posted by McCornick & Co.. wore as fol
lows: Silver, 603c; lead, i 35; copper,
Thoy Act Quick and Bcliof Is Almost
There arc some things so exactly
right that to mention them brings calm
and repose. And to use Stuart's Dys
pepsia Tablets gives tho stomach ;just
that kind of lift that makes you check
up one hundred per cent to the good.
Particularly is this true with those
who suffer with sour stomach. You
feol so mean that you actually hate
yourself. And .yet in a few minutes
these tablets sweeten tho stomach, ar
rest unnatural fermentation, start a
powerful digestive- action and prevent
the formation of gas.
Tho3' aro composed of only such di
gestants as aro approved by tho very
best of physicians.
Koal, live, progressive people want
to be around where tho activities of
lifo embrace whatever circumstances
dictate. If a house party serves a
Welsh rarebit, go to it. It isn,t (he
easiest thine in the world to digest,
'tis truo, but what of it? Stuart's
Dyspepsia Tablets will take caro of
you, keep your stomach in control and
your dreams won 't see an army of
hobgoblins playing hobs with .your
nerves, rany physicians regularly
prescribe Stuart's Dyspepsia Tablets
for the stomach disorders of patients
who arc ill with some constitutional
malady. Thev do so for tho reason
that theso tanlets arc not a patent
medicine and their composition is
known and recognized as tho most ap
proved and most powerful of all digest
ants. Stuart 's Dyspepsia Tablets aro sold
and recommended by f all druggists at
50c a box. (Advertisement.)
STILL LOWER RANGE
James A. Pollock & Co., hankers and
brokers, furnish the following, received
over their private wire yesterday afternoon-
Paine, Webber & Co.. Boston. The
New York list was subject to sharp raids
again today, but theso had no effect
on the local coppers. Tho demand for
stocks on local Iniard was good with cx- j
oeptlon of Butte & Superior, which was j
weak. Tho coppers have discounted all
adverse features and from now on, re
gardless of what the railroad list does,
they will give a good account of them
selves. Logan &. Bryan, New York. Market
was again subjected lo heavy pressure
In the forenoon and many new low lev
els, that Is, for the current downward
movement, were established, but the ac
tion of tho market In the last hour did
not appenr to satisfy either of the con
tending elements, which Is to say that
strength was not sufficient to please tho
constructive clement nor weak enough
to suggest the continuance of aggressive
The hitch in the U. P. dissolution plan
was followed by liquidation of U. P. and
covering of S. P.. but taken as a whole,
those Issues termed "new industrials"
were not as conspicuous for their weak
ness as heretofore, and there were In
dications of some signs of nervousness
on the part of the short Interest.
The news from the other side was
somewhat more assuring and suggestive
or the early elimination of the Balkan
affair, and advices with regard to the
status of things In Mexico were Inter
preted as being somewhat more In keep
ing with the peaceful order of things.
However, the announcement to the ef-
,, , at lne extra session of congress
will bc called April 1, Induced a renewal
of tariff discussion, and it could not be
discerned that banking interests which
recently have held aloof from the stock
market were disposed to take a moro
cheerful view or the aspect. Sentiment
in tho financial communltv continues de
cidedly pessimistic in sharp contrast to
that In other quarters owing, porhaps,
as much as anything- else to the ten
dency of the stock market and to the
absence of outsldo participation. It is
generally conceded that the standard Is
sues present attractions from an Invest
ment viewpoint, but speculatively, con
trary views are entertained, though seem
ingly conditions have becomo such as to
suggest that pessimism is being carried
to tho extreme,
Hornblower Letter. Boston. Today's
market was about as dull us possible and
cliangea were only fractional. We have
had a pretty good drop and many cop
pers are selling on what looks like tho
bargain counter. A groat deal will de
pend on what the new administration
JANUARY AT NEVADA
lht Ne'ada. Douglas Copper company
has issued a tatement showing that the
January production measured 13,916 tons
of ore, containing 1,111,691 pounds of
copper. Tho development work on the
Ludwig mine Is being pushed ahead on
tho first, second, fourth, fifth, sixth and
seventh levels, the work on. the first level
being farther youth than any of the
others and It continues to show the same
streak of high-grade carbonate ore
On the sixth level, which Is the next
farthest south, the face Is all gossan with
carbonates of commercial value. This Is
considered of much Importance, as the
faces of the first and sixth levels arc ap
proximately 200 feet south of the Inter
mediate levels, thus giving a section of
ground 200 feet long and 600 feet deep of
exceptionally good prospective vauc.
The new Douglas Hill tunnel Is now in
operation, thereby saving the company
ma.er a y in costs of production and open
ing all that part of the mine for sloping.
It Is expected that the Douglas Hill de
velopments In the coming future will
eclipse anything so far achieved at that
BRIGHAM CITY IS
SCENE OF NEW ORE
Special to The Tribune.
BRIGHAM CITY. Feb. 25. A discov
ery of gold ore on the Majestic prop
erty, owned by F. J. Hilton, has cre
ated considerable excitement here for
several days. A shaft is 125 feet deep
and the quartz Is described as beautiful
material, but no assays are given. The
ore is being thrown over the dump as
the manager desires better depth with
out delay. There Is considerable mining
In this section and good results arc re
GRANBY BONDS HAVE
At the special stockholders' meeting of
the Granby company, held on Tuesdav.
the proposed bond Issue of 55.000,000 was
authorized, and the Increase In capital
ization from $15,000,000 to $20,000,000 was
also acquiesced In by the shareholders.
The bonds are to be convertible, to run
for fifteen years, drawing 6 per cent In
terest. Only a portion of the bonds will be
utilized within the near future for new .
construction and development.
North Star in Good Ore.
The North Star company is driving
along a r.trcak of good grade ore on the
900-foot level, which ranges from four
teen to twenty Inches in width, while
work is being pushed forward on the
1250-foot level, in the eastern workings
tho management Is timbering tho winze
from the 1265 level, and sinking at that
point Is to b resumed within a few
The Utah Ore Sampling company on I
Tuesday released seven cars of ore from I
Utah and one from Nevada camps,
GIG PRODUCTION OF
TIE TOIOFf MP
January Output Was Valued
at Very Nearly a Million
The Tonopah mines are producing at
the rate of very close to $12,000,000 an
nually, the January operations being
worth In excels of $500,000. It was hard
ly an average month at that, for cold
weather combined with the holidays to
cut down production in several Instance?,
particularly the Belmont. Tho total pro
duced by the camp In January was 44,
755 tons of ore, divided as follows:
Tonopah Mining 11.720
Tonopah Belmont 12,517
Tonopah Extension 4,-161
West End Cons,.. 4,617
Jim Butlor 1,684
Tonopah Merger 405
North Star 175
In recounting the features of tho past
week, the Tonopah Miner says:
Halifax crosscut on the fourteenth
level encounters big vein of low-grade ore.
Tonopah Midway drift on 535-foot level
enters shoot of fine grade ore.
Montana-Tonopah crosscut on 565-foot
level cuts north branch ot Martha vein
showing four feet of good ore.
Tonopah Merger north crosscut enters
trachyte and Is cutting quartz strlngors.
Jim Butler stope on fifth level shows
live feet of very good ore. West drift on
sixth level still In excellent ore.
Tonopah Belmont ships four tons 660
pounds of bullion, valued at $97,000.
Tonopah Extension makes record half
monthly shipment of twenty-three bars
of bullion valued at $36,000.
Gypsy Queen directors decide to levy
Tonopah production of 11,109 tons this
wevk exceeds all previous records by 202
VERY DULL TRADING '
ON LOCAL EXCHANGE
It would be hard to find a more uninter
esting day of trudlng than that of Tues
day, especially following as it did one of
the best davs for many months. Prince
Consolidated was the only stock dealt in
on the afternoon session. The sales for
tho day totaled 7S00 shares of stock, the
market value of which was $1421.
The following were the closing quota
tions: UNLISTED STOCKS.
. I Bid. lAsked.
Home Run $ $ ,10
Alta Consolidated 35 .39
Columbus Extension 03 .05
Thompson-Qulncy 22 .30
Utah Mine 22 .30
Dragon Consolidated 20
Bingham Cent-Standard... .08 .0S5
New Ycrringlon 07 .10
Rico Wellington 35 .40
I A. M. , j P. M.
1 Bid. IAsked.ll I31d. Asked.
Beck Tun . $ .09 5 TlO I .09 $ Tl0
Bing Amal. .041 .06 .01 .06
Black Jack. .10 .11 .09" .12
Ccdar-T ... .00? .01 .00 .01
Colo Mln .. .14 .15 .13 .15
Con Mcr .01 .07
C Point ... .023 .03 .023 .01
Daly l.OO 1.30 1.00 1-.30
Daly-J 6.25 6.45 6.25 6.45-
Dragon 15 15 .30
E Prince .. .01 .02 .0L .02
E Cr Point. 01 .001 .01
E Tin Con 01 01
Emerald 10 .01 .09
Gold Ch .37 .37 .37 .40
Grand C .74 .77 .74 .77
Iron B .... 1.30 1.35 1.32 1.35
Iron King 01"
Joe Bowers .00 .001
Keystone 20 20
King Wm . .05? .061 .053 .061
Lead K OS 08
Lehl Tin. .. ,001 .01 .001 .01
Lion Hill .. .023 .05 .023 .05
L Mam 01 .05 .04 .05
Little Bell 35 35
Musgrove .. .08 .15 .08 .15
Mammoth 1.00 1.00
May Day .. .12 .13 .121 .13
Mln Flat 01 .02
Mt Lake .. .02 .05 .02 .05
Nev Hills .. 1.00 1.02 1,20
New York .00 00
Ohio Cop . .62 .70" ,62 .68
Opohongo . .05J .06. .051 .05-
Ploehe D .. .02 .02 ,02 .02
Pioche M 01 .00 .01
Pittsburg-I J.25 " 1.25
Plutus 06 .08 .00A .07
Prince Con. .67 .69 .C7 .70
Rexall 01 .Q3 ,01 ,03
Rich & Ana .02 02
Seven Tr .. .02 .04- .02 .05
S King Coa. '-2.97 3.30 2.97 3.10
S King Con 75 .75 1.00
Sil Shield 003
Sioux Con.. .03 .05 .03 .05
S Iron B 00 00
Swansea C. .01 .01 .01 .01
Tin. Ccn ... .001 .00 .001 ,00
United Tin. .00 .01" .00 .01
Uncle Sam., .07 .10 .03 .10
Utah Con.. .0.11 .013 .011 .012
Union Chief .05l .07 .05 .09
Victor Con.. .03 .05 .03 .05
Victoria C . .55 .00 .55 ,G0
Wllbcrt . .. .OS .10 .0S3 .10
Yankee Con .13 .16 .13 ,15
Yer Copper.l 03 .10
Moscow ... , .36 .10 .45
Gold Chain. 300 at 37c.
Lower Mammoth, 500 at 4c.
Opohongo, 1000 at 5c; 1000 at 53c.
Pioche Demijohn, 1000 at 21c.
Prince Consolidated, 200 at 70c; 100 at
69c: 100 at 6Sc; 100 at 67c.
Wilbert, 200 at 9c.
Shares sold. 4500.
Selling value. $630.50.
OPEN BOARD. .
Gold Chain. 500 at 37c.
King William, 500 at 6c.
Wilbert, 700 at 9c.
Shares sold, 1700.
Selling value, $303.
May Day, 500 at 12c.
Shares sold, 500.
Selling value, 562.50.
OPEN BOA RD. -;.
Prince Consolidated, 100 at 70c; 500 at
Shares sold, 600.
' Selling value, 5125.
NEW LISTING MADE
ON LOCAL EXCHANGE
The stock of the Rochester Crown
Point Mines company was listed on the
local exchange Tuesday. The -company
has 1.000.000 shares, par $1 each, of which
400,000 shares wore treasury. There re
main unsold about 300,000 of this treas
ury stock. The stock Is not assessable.
The property consists of two unpatented
claims at Rochester, Nov , and lease No.
4 on the Rochester property.
There Is a forty-two-foot shaft on the
lease and sliver and gold ore ha3 been
found, but the extent Is not given, as
the proposition Is merely In tho pros
pective stage. The company has a black
smith and tool shop. H. II. Hunter Is
president, 11. J. Murrlsh Is secretary and
J. T. Goodwin Is treasurer.
Now Golden Crown Cutting a Station.
Local shareholder of the New Golden
Crown, company are Informed that the
management la now engaged In cutting a
station at the 900-foot level, and upon ltd
completion drifting and cross-cutting will
he htarted In the vein. The work from
now on will he of especial Interest, as the
company Is searching for the Merger ore
Ibodlen. with everything apparently poiut-
Ing to, its discovery within thu very near
BAIiiKS NOT SACRED,
IS HEW OF HOUSE
(Continued from Pago Seven.)
Mrs. Cannon, Cook, Day, Elwood, Han
rie, Kimball, Mrs, King, Kriebol. love
Ies3, Marchaut, McRae, Morris, Oldham,
Oponslmw. Pago, Robinson, Southwick,
Welling, .Durham 22.
The house passed senate bill .No. 10,
which in a way was a companion bill
to No. 11. The bill provides that a
person is guilty of a niisdcmeauor who
draws a chock 011 a bank wherein he
has net. sufficient funds to cover tho
cheek. The drawing of the check is
made prima facie evidence of intent
on the part of the porson making the
check to dofraud. There was. some
opposition to thus placing the burden
or proof on the defendant, bnt when
the bill came to a vote only thrco mem
bers voted in opposition.
I Bills Killed j
In the House
Homo bill No. :5, br SmlUi. by renuef.t Pro
vlillng tor graduated vehicle tax.
Houfo bill No. 1C7, by Judd, by rcqul ReUl
!dr 10 the granting of now trials In Justice oourtn.
Houso bill No. ICS. by Judd. by ren'irart Provld
InK punlnlnncnL tor commo'n barratrr.
Ilonite bill No. 170, by .Ttidd. by nequcat Provld
Inp punishment for champerty.
Houiio bill No. 1S1. by Judd Itclatlnc to abate
ment" of Juilgmcutn In Juiillco courts,
Hoiifo bill No. 172. by Day Making Cdar City
hranch normal n branch of Agricultural college;
house bill No. 135 uubslltiitcd.
Senate bill No. 11, by Hansen Prohibiting cir
culation of rumors derogatory to banks.
Senate Bill References
In the House.
Senate bill No. 353. by Lunl Appropriating
JII.OOo for nlnklng artesian wells In famine dis
tricts, lo houso committee on Irrigation and reser
voirs. Senate bill No. 715. by Smith UolatliiK to coats
on appeal, to houo committee on Judiciary.
Scnato bill No. 123, by lvorr.on IncreaMnj: sal
ary of elork of miprpme court to J3M, lo house
committee on Judiciary.
Senate bill No. 136, by Smith Itelatlni: to val
idation of conveyances of mlnlnc Icagcs, to houso
committee on Judiciary.
In the House.
House bill no. 193. by committee on education,
substltuto for house bill No. 172. by Day Mak
ing branch nonniil nchool at Cedar City a branch
of Ar.i'lcultunil collogc.
In tho House.
Scnalo bill No. R3: by Lunl Uolatlnx to foes
of state auditor, by committee on livestock.
Scnatn bill No. CO, by Lunl RclnlliiK to marks
ami brands, by committee on livestock.
Scnalo bill No. AO. by lMjjboiU Creatine the
ON DF PLACER
What is conceded to be one of the most
Important discoveries in recent years at
Manhattan Is a strike on the Manhattan
Crescent property by the Rymal-Choklat
lease. A zone fifty feet In width ranges
In value from $10 to 5-10 gold per ton, and
the fortunate leasers are preparing to
glory-hole tho find. One peculiar phase
of this discovery that Is not unusual in
the nailing game Is the fact that a sixty
foot shaft was driven right on the edge
of this large oro body, but its presence
was not disclosed until several surface
cuts and churn- drill holes showed the ex
istence of the yellow metal.
For some time past the two small can
yons making away from this rich ridge
have provided considerable placer gold,
and the prospecting done as a result
failed to center upon tills ridge until the
two leasers above named concluded that
the ridgo was responsible for this metal
The leasers will break the whole body
down by the glory-hole method and send
rock to the custom mills of the district
Manhattan is making a splendid record
of production. It is one of the most suc
cessful gold camp of Nevada, yet there
is seldom anything mentioned about the
camp, perhaps for that reason.
SELLING GOOD ORE
Three cars of oro were being settled
for yosterday by the Michigan-Utah Con
solidated company: tho average assav
was 0.05 ounces gold, 30 ounces silver,
10 per cent lead, S per cent copper and
17 per cont Iron. There were 100 tons of
ore, dry weight, In the shipment, and the
value of the same was close to $3r net
per ton, Tho company's tramway Is op
crating without a hitch and considerable
new work Is being done at the mine.
San Francisco Oil Stocks.
James A. Pollock & Co., bankers and
brokers, furnish the following, received
over their private wire yesterday aftor
noon; CLOSING QUOTATIONS.
I Bid. Asked.
Illinois Crude 1$ $ .05
New Pennsylvania .40
Sauar Dough 1.33
S. W. & B 16
WIC Oil 2.22j
W. S. Skclton, a merchant at Stan
ley. Ind., says be would not take $100.00
for tho relief a single box of Folej-'s
Kidney Pills gave him. "I had a se
vere attack of kidney trouble with
sharp pains through my back and could
hardly straighten up. A single box of
Foley Kidney Pills entirely relieved
me." Schramm-J'ohnson, Drugs, "The
Never-Substitutors," Five (5) Good
Independent Coal & Coko company
bonds are called for redemption on or
'before Monday, March 3
James A. Pollock & Co,
BANICURS AND BROKERS.
160 South Main Street (Herald Bldg.).
Salt Lake City.
Direct Private "Wire to all Markets.
Duplex System One Relay to New York
('orrefipoii'Ients Members all TCx change?.
Sturkii Carrie 1 on Llbrral Margins. Spe
cialists In Mountain States Telephone & I
h'J.V ' ln(P:tor of aplirka. (Relumed to
iiotiiio without reconnnondullon.)
IV 10 ..f.e.?f ''k" 01 by committee
oti publlo UlllllICK,
Housn bill No. 153. by committer on educa
tion. RiiUMtutn for hntitu bill No. 172, by Day
Al'if?, rr,lBr ,r,tJ" brane1' norml branch of
AKTlculluni collnKe. by committee on education.
rn2! U ss'r treron-AutborllnK rov
V.,L, ? conTpy "rtafn land to Utah county, by
committee on public lands.
fco.,,U, VI" ,So- no- br Krlobel-fllrjnc land
JEn 3Utnorl.t.y , 10 ubmorsed lands tf
deemed 1 susccptlblo of reclamation, by committee
n publlo lands.
Btit'aV!..b"! Ji0' r,Bckeloy-Jiclttnc to
education. commlMlm., by committee on
or",HBiUIi 177 br -uW-nllnR to flutieo
Ilfrrt 1! cIurkf ",,J sca,cr of wotEhta and meas
ures, by coinmllion 011 Judiciary
on d'imuii 17C- V Jirt.l holatlnu to Costa
on demurrer, by rommlttoo on Judiciary.
j Bills Passed
In tho House.
feeb",J ,Xo' 10,! b' Smlth-Itelatlnr tn Inter-
from t?unl.' hy Brae-noqulrlns ft license
irom trading stamp companies.
Iloura bill No Bl. by rienMn-tllvlns boards
n c , Urination district poivor to buy
Tlou n ,mk"' Ti1"?1 companies
Houo bill No. 116. by Ki rbol-Crcatlnc ft otnte
boxlnc and wrostllne commlFMon.
.i"" bl" N 10, by "iMn-Provl.llns pun
ishment for persons drawlne checkn when tlicr
luvo not Butflclont money on dopilt to rover
Senate, bill No. by Wrluht-neUtlnK to tlmo
of befTluulns trlnlo In Juntlcce' court.
BILL IS LISTED
The Sunday closing bill Is now on the
senate calendar. A majority of the sen
ate committee on education favored tho
bin and recommended Its passage. A
minority opposed it, I-Jowover, no oppo
sition was voiced to its taking a pUtco
on the calendar, where It. will probably
be reached Thursday or Friday. Those
or the committee favoring the prinsage of
the bill were Senators -Booth, Iverson,
Hansen and Lckcrsley. Those opposing
the bill wcro Senators Smith, Rldcout
DO NOT FAVOR.
After hearing both slde3 of the Car
bon county dispute yesterday relative to
the incorporation of towns, the senate
committee on judiciary decided to leave
the law as it is at present. The Utah
J'tiel company asked that a bill be
passed in the interests of Sunnvslde and
Castle Gate, permitting towns to be In
corporated on petition to the district
court. Instead of to the county commis
sioners. The county commissioners of
Ciu-bon county asked the passage of a
bill making It necessary for one-third of
those voting for Incorporation to be free
holders. The committoo decided to rec
ommend that both bills be killed.
REMAINS IN BILL
Specral to The Tribune.
WASHINGTON, Feb. L'S.-Senutor
Smoots amendment remained In the In
dian appropriation bill which passed the
senate today. It provides for an ap
propriation of $100,000 for the payment
of the confederated bands of Uto Indians
for lands ceded by them to the United
States now remaining unsold and au
thorizes the secretary of the interior to
negotiate with tho Indians, with a view
of reaching an agreement as to the value
of tho lauds.
Fred Price of Salt Lako, who Is re
turning from a. trip to Wales, arrived in
Simple Herb Quickly Relieve' I T
This Dread Disease. J II
Diabetes hao heretofore been consifi, a f"J
Incurable, and tho only hope hlu Hfftf'
the afflicted has been to proloX L:
years by strict diet. "ff theJft F
A plant recently discovered la mi t n
called Dlabctol Herb, has been four,,?'?? 0PP
bo a specific In tho treatment of tllabi?!' I
quickly reducing thn specific gravity ' i Of ..a
sugar, restoring vigor and bulldlm? -
the system. ?
This harmless vegetable remedy unites
relievo the patient of his worst Byrrintnmi;P
In tho most aggravated cafies, within m P
week, and to prove it. wo will mal tb-J h
first 50c package for 25c, with free bonV P '
lot of special value to the diabetic ni T I'
talnlng latest diet lists and cxcIualSli SOU
table of food values, giving Percental of t
starch and sugar (carbohydrates) tr? n?if f
different foods. ' " -a0f I
Tell your afflicted friends of this of.5 rnA
fer and send 25c today for a fulI.8S5f T1
50c package: AMES CHEMICAL Co it
Box 223-A. Whitney Point. N. T. i ryar
You can got a bottle In Salt Lai5o ,.iltC
Schramm-JohriHon, Drugs, and Druohl ,i f
Frankon. (Advertisement. $
HEARING OF 1HI L
FIXED FOR lOOlf?
I- Kven :
Says He Will Resign When
Investigation Ends. , jjjf
. ' thow
1 1 Ion?
By International News Service. 5 rtlSuVl
KEW YORK, Fob. 25. Dr. John wjj m n
Russell anuounccd tonight, on the cvoSeBS
of Harry K. Tliaw'rt appearance- before? f roar
tho Sulzer committee of inquiry, llmti ijSjC
lie will resign his position nsi; ' The
superintendent of tho Mntteuwun statei 'ff
asylum as soon as the investigation intol fnl.
the alleged $25,000 bribe for Thaw's sJ?n f.
release has been cleared up. !l0ck. '
Thaw will lake the witness stand atj I
Matteawau tomorrow and ivc thn com-? Sor
mitteo his version of thu alleged at-4 HTS i
tempt to extort $25,000 from him on aij fW
promise to bring about his liberation. i p--It
is expected, also, that he will pro- jJJng
duco documentary evidence 111 support ktani
of his statcinoiitsaIthough this may he Safl
reserved until Huffman, his l'otigh- h eJ
keepsjo agent, wha is said to have acted Jsf
for him in the matter, appears before 'it st
the committee at Albany on Friday. ' -U"
Arguments Begun. j ;Vthe'
WASIUVCTON. l'ch. '.S.-Arcumcnts of Samuel I "r
Oompors, John Mltcboll anil Franlc Morrtnon. uffl.t feV 110
elalis of tbo American Federal Ion of Libor. nnderf Were
Bcntcnco for contempt of conn In connection! faradl
with tlio Bnckg Stovo &. Italic company cue, ' Us rr
were begun licro today ami will vuntlnuo tlirouslil Viii-ht
JUSTBIGHT COAL, all kinds, cure-8 gffiS
I fully screened. Alliance Coal Co., 11 ninth,
Maui street. Phone Was. 41-KI. cntra
(Advertisement.) ' filntH
" ' -A tfMS.
Shaman Auto Co. g
43-45 AUTOMOBILE ROW. j 3
Agents wanted in Utah, Idaho '
and Wyoming. j bSS
. . par
Owiug to the heavy pressure of business and the 5
demand for "Stadler" quality vegetables, it is j
necessary to ship 2 cars this week. j gS5
Another Stadler Quality Car Due Today rljtm
rET MY PRICES I
H. J. STABLER B
Wholesale Fruits and Produce. I?
328 West 2nd So. Was. 423. M
HOW TO REDUCE THE COST J
OF LIVING FREE!
A series of practical lessons will be given on the P
above topic by the "Woman's Department ol! the t I
Utah Gas & Oolce Company, Second Floor oC t'he 1
Gas Building, 61 S. Main street.
Glasses will be conducted by Mrs. Chambers and I,
Mrs. Dittmoro alternately, afternoons at 2 o'clock. 1
Bring plate and spoou. i Jn
UTAH GAS & COKE COMPANY. 1 "
J. C. D. Clark, General Manager. if
, .,,,, , , JjM&