Newspaper Page Text
H I 8, THE SALT LAKE TRIBUNE, THURSDAY MORNING, FEBRUARY 27, 1913.
II REPORT IS FILED
1 BY THE HUM
i Much Quartz and Iron Ores
.Were Sold During- the
j Past Year, j .
I MUCH NEW WORK;DONE
I Outlook for Company Given
jg as Favorable by the As
Special to The Tribune.
PROVO, Fob. 25. The annual report of
the Dragon Consolidated company has
been Issued, showing the following- linn ti
dal condition for the year ending Dc-
cembcr 31, 1912:
Cash balance. Jan. 1,
1012 $ 20,340-SD
Ore Eales (quartz
t mine) ... 30,543.24
I Oro sales (Iroft mine) .15,620.52
I Operating: ? 38,436.57
I Plant 700.57
I Taxes 174.3S
1 Balance cash. Decent -PI
ber 21. 1912 27.941.79
.H RECONCILIATION OP OPERATING
.H EXPENDITURES WITH THE COST
i SHEETS IN ASSISTANT MANAGER'S
j Disbursed $28,136.57
H Inventory January li
1 1912 5 5,290.54
H Current bills unpaid. 11,757.15 17,047.15
M Inventory December
31. 1012 $ C, IIS. 75
Bills rccclvablo .... 2521S5
H Unpaid bills from
1911 1,001.75 7,676.35
Tho report shows 299S feet of work done
during the year, and that 21 SS tons of
ore, dry weight, were produced. The
1 gross value of the oro was $59,056.12. the
net value being 520.276.5S, or $13.3S per
ton. Of Iron ore, there were produced
1 6Q94.9 tons, the net value of which was
The following report was made by the
During the period covered by this rc
port there has been no additional prop
crty acquired and tho mine equipment rc
mains unchanged. Work has been prose-
fl cutcd during the entire year on the Gov
crnor vein through tho Iron Blossom No.
1 shaft from the north and through tho
Black Jack shaft from the south. A sur-
1 face tunnel was commenced near the
Dragon shaft Juno 1, and discontinued Oo
tober 1. The main workings were placed
in operation October 1 for the purpose of
shipping iron ore and this work is still in
1 progress. A small amount of diamond
1 drilling was also done during the year.
Origin of Ores.
H Most of the quarts ore shipped for this
H period was developed on tho Governor vein
H through the Iron Blossom workings, a
drift being run south on tho 600 level a
H distance of 835 feet. This level has proven
1 to be lower than the ore body, and three
1 raises have been driven Into tho ore av
c raging noarly 100 feet, from which a
B small production has been maintained.
1 The pay ore varies In width on tills shoot
1 from one to five feet, and whilo the val
H ties encountered arc not exceptionally
1 high, a fair profit Is realized A small
1 amount of work done on the 500 level on
HJ the Iron Blnsaoni cldo, wc behove, has
H demonstrated a split of the Governor vein
1 which will make two distinct volns cx
tending through the Governor claim, and
1 while our work has all been done to the
west, there will undoubtedly bo consld
B crable ore mined from the cast shoot,
judging from the results tho Iron Blos
B totti t'ompany have attained,
j The work from the Black Jack side con
Fists mainly In a crosscut to the west of
H 46 feet, a drift to the north on the Gov
crnor vein a distance of 355 feet, and a
raise of 53 feet, which has now connected
-with the drift from the Iron Blossom side.
Small quantities of pay oro were encoun
tered in this work and several shipments
have been made. However, the work from
this side was not as profitable as from the
north, for t lie reason that we have pushed
the main drift to make the connection
and simply mined tho ore thus encoun
tered. When ralsos arc completed to dc
velop the ore body from this side, wc be
j llevc a good profit will be shown. One
raise. 175 feet high, has been driven; also
1 a crosscut from the top to cut the paral
lei vein to the east, but It proved to be
j low grade at this point. A crosscut to
1 the cast on the 300-foot level was driven
a distance of 293 feet and cut the por
H phyry contact, but nothing of Importance
J was developed, no vein being encountered.
Old Work Resumed.
A surface tunnel was driven from a
point near the Dragon shaft for the pur
pose of developing tlte croppings show
lng at this point, and to get under some
B old workings from which considerable
BBI high grade ore was shipped some years
BBI ago. The results were not what was an
ticlpatcd. although one shipment of ore
BBI -was made, and a small body of Iron ore
One hole was driven a. distance of 700
BBBB feet by the diamond drill from the sur
BBBI fact- In th gulch below the main shaft,
BBBJ for the purpose of cutting the contact,
BBBB but the work was discontinued on account
BBH of poor power before the accomplisltmcnt
BBB of this object.
A tunnel has also been driven from the
BBB surface ut the Eureka Hill Raliwav com
BBB patty linn for the purpose of handling
BBB material and supplies without a team haul
BBB This tunnel also develops further th Iron
BBBB ore encountered by the other surface tun
BBB Shipment of Iron ore was commenced
BBB Ortob'-r 1. and production was confined to
BBB the cleaning up of the "Big Pit." and u
BftBJ though shipments were curtailed to 100
BBB tons per day, a splnmlifi prorit waa real
BV Ized from thece operatloue.
On the SOO-font level a drift Is being
BBB driven to tne south for the purpose of cut-
Company Should Be Ready to
Call for Bids Within
l One Week.
W. Lester Mangum, director and sec
retary of the various Knight compa
nies, stated on Wednesday that the engi
neers In charge of the mill which the
Knight Interests will erect in Tintlc for
the purpose of treating tho low-grade
ores of the district have the details of
the same well in hand. It is anticipated
that tho whole matter -will bo sufficiently
advanced within a week to allow specl
Ilcatlons to be completed and Wds culled
for on the various contracts Involved In
this Important work.
The mill as designed will havo a dally
capacity of 100 tons of ore, for it Is more
of an experimental enterprise than oth
erwise. .Should the plant prove equal to
all expectations, contracts will bo let Im
mediately for enlarging the plant to 500
tons of ore daily capacity. And those
buhlnd the movement anticipate the high
est degree of cfflcicncv in the 100-ton
Pop the time being, therefore, the vari
ous Knight companies will be given a
limited market for their low-grade ores,
and the 'plant will lie a custom plant to
that extent, but with the enlarged ca
pacity the mill can handle much ore
from many of tho properties of Tlnlic.
It Is figured by the Knight Interests that
there Is an. enormous tonnage of low
grade, ore In Tintlc that can be handled
at a very good profit for both the cus
tomer and the milling company, so that
cvdn a 500-ton plant will have Its hands
full for an Indefinite period.
NEVADA CON. COPPER
OUTPUT LAST MONTH
During January the Nevada Consoli
dated company produced 1,169,708 pounds
of copper, a material Increase over tho
month of Decemher. and practically the
same as that of November. Tho com
pany apparently has not recovered fully
from the strike, while cold weather con
ditions doubtless had something to do
with the. production.
The production, of the company, In
I 1913 1912 1 1011
.January . .. -1,1 69.70S fl.309.22S 5,268,951
February . -I.S8S.790 4,992,533
March 6.3SO.O0O 5,G32,25C
April 6.115.095 5.29S.632
May- C.063,162 5.277,355
Juno . 5,913. SS2 5,307,400
July 0,0S4.274 5.25S.5S2
August 6.551.030 5,249,511
September 5.607.57S 5,328,9S3
October ' S50.711 5.547.131
November .. ....... ,.f 1,160,533 5,207,983
December ... 3,975.G3l -1.670.674
Totals . ,. I.169.70S71.S0U.21463.OiS.097
Boston Mining Stocks.
James A. Polloclc & Co., bankers and
brokers, furnish the following, received
over their private wire ye3terdav after
noon; BOSTON COPPER RANGE.
, 1 Sales. IT. ) I. Clse
Algomah 7. il 1 T
Butte & Balak 3 2 3
Butte &. Superior ... 2,931 311 29 30J
Calumet & Arizona.. 1,053 C04 60 603
Chief Consolidated 12 1 14
Coppor Range ...... 220 43E 405 40g
Daly West 4 3J 4
Davis Daly 100 15 1 U
East Butte 320 121 12if 12J
GIroux Consolidated. 600 23 22 2R
Granby Consolidated 235 58 57 57J
Greene Cananca 8 73 S
Hancock : 100 IS 18 IS
Indiana Copper .... 45 113 113 113
Inspiration Con 16 15J 16
L.ake Copper ....... 100 15 15 15
La Rose 2J 2S 23
Mason Valley 7j 7 7
Nevada Con 200 163 103 163
Mlchltran-Utah 42c 35c 42c
Nlpissing . 85 83 S3
North Butto 1.225 25i 243 25 J
North "Lake 2 2
Ray Consolidated 17$ 17 17
Superior & Boston 300 3i .'1 3
Trinity .j 4
U S Smelt com 20 38 38 3S
do preferred 4Si 48 48
Utnh Consolidated .. 300 9A Si 9
Pond Creek 500 222 223l 223
BOSTON CURB CLOSE.
I Bid. Asked.
Alaska . . . 513,25 513.50
American Zinc 29.37J 29.50
Arcadian 2.00 2.25
Bcgole 1.25 ijl
Bingham Mines 4.00 4.25"
Boston Ely 65 .70
Bohemia 2. 00 2.25
Butte & London 23 ,2S
Butte Central 7.50 7io2i
Calaveras 3.00 3.061
Eagle & Blue Bell 97 .99
?recnc 7.75 8.00
rloton Coppor 4.25 450
Kerr Lake 3.25 3.37J
Keweenaw 2.50 2v75
Massachusetts 4.75 5 00
Majestic ".. .43 .45
Mayflower s.75 9.25
Michigan L.50 2.00
Miami 22.00 22.25
Nevada-Douglas 2.37J "55
Ohio Copper fi5 "Igg
Old Colony 5. 00 5.50
Oneco 1.25 1.75
Ojlbway 2. 00 2.25
Pond Creek 22.50 "
Shannon . 10.375 loiso"
South Lake 6.25 6.871
Stewart 1 .ir. 1.625
.S V Miami 2.S71 4.00
Tuolumne 2,62i 2.75
Utah Apex 1.50- 200
Victoria 1.45 1.50
Winona 2.50 ' 2 75
"Wyandot SO K00
ting tho contact, and developing the
ground lying south of the shaft.
It will be the policy of the company to
ascertain as soon as possible where the
bulk of the ore lies, and to establish a I
more convenient method of handling it
than working through tho Iron Blossom
and Black Jack properties. The Immense
amount of Iron ore already blocked out,
and the excellent prospects for a large
tonnage of quartz ore Justify our belief
that this Dragon will, at some future date,
prove a profitable Investment for Its
I inVixrc Smoothest Tobacco
v nil j c
NEW PORPHYRY II
Southwestern Miami Is Out
With Its First Annual
The first annual report of the South
western Miami Development company,
covering the year 1012, has been released,
showing cash on hand at tho close of the
year of 57S.922, The receipts are shown
as $276.0S4, and the disbursements ?197.
162, of whiclt. $65,941 was paid on options.
General Manager Hoar gives the re
sources so far developed as follows:
450,000 tons, 2. per cent copper: or 550,000
tons, l.S per cent; or 950.000 tons, 1.6 pet
cent; or 1,500,000 tons, averaging 1.5 pet
con t copper.
Financed for Year.
0 President G. F. Rucz says:
"The company's bills are till paid to-the
above date (December 31), and the only
payments to be made on the property
arc those on option A. covering the Mon
tezuma group, amounting to ?7S,000. The
present plan of operations calls for an
expenditure of about $6500 monthly. The
oonrpaiiy Is, ihcrefore, well supplied with
funds, and no assessment calls will be
necessary until the latter part of the
"The company can still call $3 per
share on S5.000 shares, or $255,000, which
should be fully sufliclent to thoroughly
explore Its property.
"There has been drilled to dale about
li.JJOO foot. The greater part or this
drilling lias been done on the clahns ad
Joining the Live Oak property. Five of
the seven holes drilled on these claims
show the extension of the Live Oak ore
body Into our lands. The depth to which
it was necessary to drill a majority of
the holes to reach the ore formation and
the sort of capping the drills had to
penetrate, made tho drilling extremely
difficult and progress at times very slow,
but the later holes have met with less
To Continue Drilling.
"Based upon records of drilling to dale.
General Manager Iloar estimates that
approximately 1.500,000 tons of proven
and provable ore. considered of a com
mercial grade in the Miami district, have
"Thu work of exploring tlte property
with churn drills, which has been curried
on in the past, will be continued until a
hole has been drilled on the corner of
each 200-l'oot square. This Is the system
of development used by the Llve Oak
Development company in proving up their
15,000,000 tons of ore.
"The management reels that wo have
a propert. of exceptional promise, and
that a thorough drilling campaign will
make it -one of considerable value."
PRICES HOLD WELL ON
There was not a great demand for
stocks Wednesday, but prices were very
firmly retained, the two principal Issues,
Iron Blossom and Prince Consolidated,
remaining unchanged. The sales for the
day totaled 20.570 shares of stock, tlte
market value of which svas $3108.75.
There was one sale among the unlisted
stocks. Dragon Consolidated going for 23
cents p. share.
The following were the closing trans
actions: UNLISTED STOCKS.
1 Bid. lAskedT
Dragon Consolidated $ .20 ? .25
Alta Consolidated 31 .36
Rico Wellington 36
Bingham Cent. -Standard.. . .OS .OSj
Homo Run Copper ) .01 j .10
I A. M. ; P. M.
I Bid. lAsked.ll Bid. Asked.
Beck T .0911$ .10 1$ .091? .10
Blng Amal .06 .011 .06
Blk Jack . .10 .121 .10 .121
Cedar T ... .003 .01 .003 .01
Century ' .10
Colo Mln .11 .16 .1-1 .16
Col Con ... .10 .11 JO .16
C Mercur 1L 09
Cr Point .. .03 .03 .021 .031
Daly 1.00 1 .30 1.10 1.30
Daly-J . 6.25 6.45 6.25 6.45
Dragon 151 12A
E Prince .. .01 .01 .0i" .013
E-Cr Point. .00 .01 '.
E Tin Dev 01
Emerald 10 .014 .03
G Chain .. .37 .40 .SOU .40
Gr Cent .. .71 .76 .74" .77
Ibex Gold 04
Ind Queen 02 01
Iron Bios . 1.30 1,35 1.30 1.321
Iron King . .01 01
Iron Hat .. 04
J Bowers .001 001 .08
Keystone 20 20
King Wm . .052 .06$ .053 .06
Lead King 08 03
Lehi Tin .. .00$ .01 .001 .01
Lion 71III . .021 023 .05
Lit Bell 35 35
Low Mam. .04 .05 .04 .045
Musgrove . .OS .15 .OS .15
Mammoth 1.00 ....... 1.00
Mason Val. 5.00 S.00 5.00 8.50
May Day . .12 .13 .12 .13
Mln Flat .. .003 .02 .00? .02
Mt Lake .. .02
Moscow ... .36 .40 .35 .50
Nev Hills . 1.05 1.25 1.00 1.25
New York 004 001
Ohio Cop .. .63 .67 .62 .65
Opohongo . .051 .053 .051 .053
Ploche D . .02 .02 .02 ,021
Ploche M . .001 -01 .00 .003
P--Idaho 1.25 .50 1.25
Plutus . .. .061 .07 .061 .07
Prince C .. .69 .72 .68 .72
Rexall 01 .OH 02
Roch Cr Pt .121 .16 .13 .16
Seven Tr . ,02 .07 .021 -07
S King Coa 3.00 3.10 3.00 3.074
S King Con .75 1.00 .75 1.00"
So Pacific . .011 .15 .011 .15
Hloux C ... .03 .05 .03 .04
.'-"o Iron Bl.j 001 004
Swan Con..f .01 I .01 .01 .011
Tin Cent . .0011 .01 .001 .00
A Tintlc .. .003 .01 .003 .01
uncle Sam 10 .06 .10
Utah Con . .011 .013 .001 .op
XInlon Chf. .05 .10 .051 .10
Victor C .. .02 .05 .03 .05
Victoria C . .55 .65 .55 ,5S
Wllbert ... .09 .15 .091 .15
Yankee C . .12 .15 .12 .15
Yer Cop ... .03 03 .10
G Clr Cr. , . .01 ,10
Inyo Gold 5
Crown Point, 1000 at 31c.
Iron Blossom. 100 at $1,321.
King William. 1500 at 6c.
May Day. 500 at 13c; 1000 at 12jc.
Mineral Flat, 1000 at lc.
Rexall. 1000 at Ic.
Plutus. 10 at 7ic
Tintlc Central, 500 at c.
Shares sold, 670.
Selling value, $176.50.
Mineral Flat, 1000 at 3c.
Ohio Copper. 300 at 65c. ti
Iron Blossom. 200 at $1,321.
Shares sold. 1500.
Selling value. $467.50.
Iron Blossom, 500 at $1.32.
Lower Mammoth, 1000 at 4c
Opohongo. 1000 at 5c.
Ploche Metals, 1000 at 3c.
Prlnco Con., 100 at 70c.
Tintlc Central, 1000 at Jc.
Shares old, 4600.
Selling value. $S45.
Blark Jack. 2450 at 12c: 300 at 12c
Ccdar-TallBman. 1000 at 3c.
Iron Blossom. 300 ut $1,321; 20 at $1-30.
May Day. 1700 at 13c,
Prince Consolidated. 500 at 70c.
"Uncle Sam, 500 at Sc 1
Shares sold, 7770. I
, Selling value. $1610.75.
Z1C MARKET HAS
Difference Means About Sev
en Dollacs Per Ton to
SLUMP NOT EXPECTED
Settlements Based Upon Low
er Figure Than Quotations
the West Receives.
To cut off approximately $700 value
from a lot of 100 tons of ore Is no small
matter, yot this Is what Is happening
to many producers of zinc ores in the
state of Utah, a result of tho spelter
market dropping from -its high point of
1912 to tho low point of tho existing
range. The difference In prlco means
close to $7 per ton, and mlno managers
as well us shareholders tiro to bo par
doned for protesting against such a fate
in view of tho fact that the best in
formed authorities insist that there Is
no surplus supply or spelter on hand
anywhere, which fact Justifies seeming
ly a sustained spelter market.
Basis of Settlement.
Tlie local zinc ore producers arrive at
their settlements on the basis of the
weekly sale averages shown by the
Engineering and Mining Journal. The
average for the week ending February
19 was a shade above six cents a pound,
while the quotations throughout that
week were materially higher as shown
by other journals, the Chicago Mining
and Engineering World, for example The
Engineering and Mining Journal strikes
as fair an average as possible on actual
purchases of spelter by tho consumer
wlthout regard to deliveries, and this Is
urged In explanation of the fact that
its average Is lower than many had an
ticipated in view of the higher dally
quotations carried by the Associated
It is a matter of general knowledge
that the Engineering and Mining Jour
nal averages are agreed upon as a rulo
In practically all metals, there being an
apparent need for some disinterested au
thority acceptable both to the smelters
ami the ore producers.
One can hardly expect spelter to du
plicate Its market career of 1912 in the
present year. The industry in 1912 was
uniques In that a large increase in pro
duction was attended by tho highest
price In history. The high price has
stimulated production wherever zinc ores
existed, which wns seen In "Utah where
a dozen or more different properties wore
able for the first timo In their career
to produce such ores at a profit. This
was duo solely to the high market
Another logical conclusion to the 1912
situation was the determination to- re
move the tariff on zinc, thereby opening
the doors to Mexican metal free of duty.
The consumer, as In the caso of copper,
doubtless believes that there are factorB
at work, making for lower market prices,
for conditions unquestionably In both
metals were abnormal. Both metals
during the past sixty day3 have acted
directlv opposite to what the accepted
authorities freely predicted, and authori
ties at the present time have little to
say. The metal market Is weaker than
many bellevo Is Just, but factors are
working which may drive the market
DRASTIC DECLINE IN
THE COPPER SHARES
Ha yd en, Stone & Co. compares twenty
six copper-producing companies today
with what they were last October mur
ketwise, and It is seen that the stocks
have declined $26I,S50.000. The largest
loss was in the case of Anaconda, from
$18 to $35 a share, or $55,900,000. Amal
gamated is next, going from $32.75 to $67.
or $37,500,000. Utah Copper is third, go
ing from $06.50 to $50. or $25,000,000.
Tho firm above mentioned then says:
"Silica October the Bricc of Conner has
dropped about 3 cents a pound, and in
asmuch as the 1912 production for the
United States amounted to 1,581,000,000
pounds, the marking down In the value
of the output has been only $17,130,000.
These twenty-six mines are responsible
for about two-thirds of the total produc
tion, and consequently the value of their
output alone has fallen oft $31,303,800. a
figure which Is 12 per cent of tho shrink
age in market value of these mines. It
Is, of course, true that this $31,303,SO0
represents a decline in interest 011 the in
vestment, while tho ?261,S50,000 repre
sents a decline In principal.
"The loss In Income Is 12 per cent on
the loss of principal, so that, from this
standpoint, the decline in the jirlco of the
stocks does not seem to be out of pro
portion, but It must be remembered that
these copper stocks never at all reflected
the rise In the price of the metal to 173
cents: consequently, they may be said to
be selling today below a 15-cent parity,
so that, unless tho price of the metal
Is going to break to 13 cents a pound, the
general run of coppur stocks would seem
to be not unattractive at this level."
Nevadas in San Francisco,
James A. Pollock & Co.. bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon: I Bid. lAskcd.
Gold field district
Atlanta $ .15 $ .17
Blue Bull .04
C. O- D 07
Combination Fraction 07
Dinmondlleld B. B .04
Florence IS .50
Goldtield Consolidated 2.20
Jumbo Extension f .31
Lone Star I .03
Oro 07 .OS
Sliver Pick Consolidated 07
Yellow Tiger 02 .03
Big Four .87 .90
Dexter Union .03
Gold Wedge 10
Manhattan Consolidated .08
Manhattan Dexter 01
White Caps 09
Consolidated Virginia .... .23
Confidence 32 ....!!"
Hale and Norcross , ,09
Ophlr 21 .22
Savage I .04 (.....".".
Sierra Nevada 15
Boston 01 .02
Cash Boy 09
Jim Butler -, .74
Tonopah Merger S3 ....
Midwav 53 .54
Mon. Pitta. Ext. 15 .16
Mlzpah Extension 50
MacNamara .20 .......
North Star 25 .23 !
Rescue Eulu 13 .14
Tonopah Extension 1.7711 J
West End .J.......1 1.35
Other districts I 1
Pitts, Silver Peak 1 .d
Nevada Illlls I 115 '
Round Mountain .33 "
ii8 , m n .'
VB ! use.
"Beer acted upon by light soon takes up the very Sva"
Jo disagreeable so-called "light taste," and also a 2328 kni Si
S repulsive skunk-like odor. Beer so affected is ffTMili t iw
S offensive to the palate of most consumers. Beer fepSin Kj y
Sj should not be exposed to light, especially to direct IllSiflii iv ' -T1ai
M sunlight, as it will thereby be detrimentally affected, SIR Ka
the light having an influence upon the albuminoids fc"Pra K$
in beer, causes the beer to become hazy." fl lllPI r So
SS Extract from "The Beer Bottlers' Handy Book," by Philip Drccsbach, l Hpl
joj Bottling Expert and Instructor in the Wahl-Hcntus Institute of Per- ij br)y
The Broivn Bottle is not a fad. Its use by Schlitz Bi S 2m
c is based on scientific principles. ' ;fen
jj The first Schlitz was brewed in a hut, over sixty Ck """
years ago. Now our agencies dot the earth. Our i &
H output exceeds a million barrels a year. mm'im 'E'r'r
j Why don't you make Schlitz your regular beer? It's pure beer. II I I mi
M Phone Wasatch 2553. j 1 1 I II W
m W. H. Binte Co. . Sc. that crown or cork 1 M fel Mc
Sg 265-273 So. 5th West St. h branded" Schlitz." Si IIP M I t'ni,
Salt Lake City $ j
NEW ARRIVAL AT
THE GEIGER HOME
J. W. (Johnnie) Geiger, secretary of
tlte Nevada-Superior Mines company and
other companies of Utah and Nevada, Js
receiving the congratulations of friends
and 'business associates over the arrival
of a baby girl at his home, 72$ Third
avenue. Tho little stranger arrived at
1:40 yesterday afternoon; mother and
babe are doing splendidly.
New York Mining Stocks.
James A. Pollock & Co., bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon: NEW YORK LISTED STO.CKS.
Sales.! U. L.. Clse
Chino 2,7001 37J 3GJ 37i
GoIdfleldCon 1,000 23 2j 2i
Nevada Con D00 lfiit 1G1 IG
Ray Con GOO 17 17J 17$
Tennessee Copper .. 1,400 3S 3G 3d
Miami Copper 700 222 22 22g
Utah Copper 2.U0O 51 51 51
Inspiration lfi 15i li
Studebakor Con 100 29 20 20
Out Silver 3 2j 2
NEW YORK CURB RANGE.
Sales. I-I. Li. Clse
First Natl Copper 2 1 2
GIroux Con 23 2J 21
Youkon Gold 3i 3 3
Ohio Copper 700 E g C
New Keystone lit li li
South Utah ? J J
Mason Valley 7J GJ H
Bradcn Copper .... 1,200 Si SJ 8
Ely Con 1.S00! 11c 11c! 11c
Nevada Hills 5001 13 IS 1?
Belmont 1.200 7i 7 7
Tonopah 6 51 G
Alaska 1.000) 133 13j 13j
NEW YORK CURB CLOSE.
I Bid. Asked.
Ely Consolidated 5 .11 $ ,13
I First Natl Copper 1.50 2.00
GIroux Con 2.50 2.C2J
Yukon Gold 3.00 3.12J
New Keystone 1.50 1.75
Nlpissing 8.G2J S.S7
Ohio Copper. G2J .75
Ray Central 2.37i
La Roe 2.75 3.00
South Utah 25 .375
British Col Copper ....... 3.G2J 3.S7j
Bay State Gas 37J .50
Braden S.12J S.25
MaKon Valley G.50 7.50
Sioux Con 03 .07
Colorado 12 .17
Iron Blossom 1.30 1.35
Carlsa 05 .15
Nevada Hllla I 1.1 2j 1.25
San Francisco Oil Stocks.
James A. Pollock & Co., bankers and
broken', furnish the following, received
over their private wire yesterday aftcr
tioon: f Bid. Asked.
Illinois Crude ., '$ '$ .05
I New Pnnvlvanla ' .42
Saut-r Dough 1 1.1." 1 ...
Sti'iltng . , ' 1 ' '
MARKET UPTURN IS .
NOT QUITE DUE YET
James A. Pollock. Sc. Co., bankers and
brokers, furnish tho following, recolvod
over their private wlro yesterday after
noon: Paine, Webber & Co., Boston. Copper
market showed fairly good strength
throughout the session with stocks rather
scarce. Calumet & Arizona was well
bought all day. The rally should go
somewhat farther, and would tako ad
vantage of any sustained upward move
ment to sell a few as we do not believe
the time Is right yet for any permanent
upturn. Tho New York market rallied
rather sharply, duo probably to short
covering, and prices closed at their
Logan & Bryan, New York. As a re
flection of an oversold condition, and
somewhat more cheerfulness relative to
tho Mexican and European situations, the
market tallied rather vigorously today,
maintaining its strength up to the close.
Markotwlse, tltero was not very much
nows of Importance, but discussion con
tinued to be centered around tho Union
Pacific dissolution plans, though ner
vousness with rogard to the outcome of
same waa not as Intcnso as yesterday
There had been a marked Increase In
the Investment Inquiry; then, too, many
are, beginning to realize that pessimism
had been carried rather to the extreme
and that general business conditions do
not warrant the conclusions which were
apparently entertained by that element
which recently has been conspicuous for
ltB aggressive operations on the selling
side. We believe for Investment pur
poses tho standard Issues are attractive
around prevailing levels, but of course
considerable Irregularity will doubtless
be witnessed until political Inclinations
are more clearly destined.
. The Utalt Ore Sampling company on
Wednesday released eight cars of ore
from Utalt, and three cars from Nevada
Ore and Bullion.
Tho ore and bullion report for Wed
nesday, given by McCornlck & Co., was
as follows: Ore received, $70,000; bul
lion shipped, i200,000; total, $270,000.
Tho metal quotations -for Wednesday,
posted by McCornlck & Co., were as
follows. Silver, GOic: lead, $4.35: copper,
Foll3 a Fool Plot.
When a shameful plot exist3 between
liver and bowels to cause distress by re
fusing to act, take Dr. King's .New "Life
Pills, and end such abueo of your sys
tem. Thov gently compel right action
of Btomaclt. liver and bowels, and re
store your health and all good feelings.
25c at Schramm 7ohnson, drugs.
Independent Coal & Coko company
bonds nro called for redemption ou or
(before Monday, March .'I,
NEW CRITICISM OF jg';
THE ROCHESTER CAMP iBE
( i pfr
The New York Mining Age calls at
tentioii to tho fact that the first stock -: JJJi
In a Rochester company litis reached 1 L
Now York, representing a well-known or- I 1. t
ganlzatlon of the district, across the faot f bacr Sr
of the certificates belnc stamped tha y ".) rre
words "Promotion Stock."" The Mining f; et si
Aire calls attention to the fact that tho , Ti
Nevada law demands certificates to be r T
stamped either promotion or treasury f iic,0D 1
stock, and It believes that this Initial j
appearanco 5u the cast of promotion stock i iiS
will prejudice the eastern investor I) the in t .
wholo Rochester camp. . !rs sir
SAVE STEPS ;.
for your safe iti
deposit box. v I 1 'h
Here also are u 1 1 j ; .v
new, modern ji ; ,,$ -.S?
vaults, system gfe
and service, and ;S3
Walker Brothers jgjij!
"Tho Hub of BuslncssV. ) -y ?,p,4n,
(i ft i cpd'
James A. Pollock & U j
BANKERS AND BROKERS. iU
160 South Main Street (Herald VUS-h .
Salt Lake City. i irPpe
Direct Private WIresr to nil J r ofk .-f01'"
Duplx System-Oiiu Relay to j. M'-
and Boston. vvchanB 'C? Ma
Correspondents Members all 1-tw , va un
Stocks Carried on Llber.a ffijS'iono BlC V'
daunts In Mountain Slates IcUP""' jM-iil