Newspaper Page Text
W
-n THE SALT LAKE TRIBUNE FRIDAY MORNING, APRIL 25, 1913. ' lT
-
I WHAT WOULD HELP
I MliUI UTAH
H financial Circles Should Be
H Alive to the Good of
Hj Entire State.
I BANKS CAN HELP OUT
m Must Indorse Mining as a
B Legitimate Business, as
H It Really Is.
m The crying need for the rewimptlnn of
HH new mini) development In the state of
WW L'Uh lr. being heard, fortunately, by
Rfl thon who can and .bould do tho most
m to remedy tho existing conditions of
RM neglect and hesltnncy. A well-known
MH operator of the mate, who has been ln-
SH htrmnf iitiil in, bringing considerable east-
IhH cm capital into tho west for mining.
Bfl prepared 21 statement on Thursday which
HS dtMls with tho n-trogroinlon of tho mln-
91 Ing InduHtry nnd which. At tho samo
KR (line, suggest :i remedy which will prove
IBi of Interest. ThlH follow?:
ItB Tho Commercial club and other
MM agencies of Salt Lake arc spreading
MB broadcast the naws of the trcmen-
mmm douic opportunities of the city ami
MWm state, nnd they aro dolus a splen-
fl did work In thus advertising the ro-
Iroup-es awaiting the touch of capi
tal, but there Is a fundamental rea
son why we ,in not socuting the sup
port from tho llnunclnl centers an
woll as from the puhllc in general In
tho Undine and opening of new min
ora I resources of Utah which every
one with the welfare of the state
at heart ould do well to seek out.
Park City Benefits.
Very few people realize that with
in lid mllia of Halt Lake City, to
tm went, there Is one of the great
est mineral districts in tho west to
ho found, a section of country that
MdH fair to be an Rood a walth pro
ducer to thonj who enter it and
Mipporl its development aa the
ornipn of Bingham. Park City or
Eureka.
I 'ark City luix left an Imprint upon
this city In the production of
wcnlih. tho construction of line hulld-
Inga and home, that no other cutip
wWe of the Mtate can hoant of. Eureka
WmW tins .vritttcrcd her wealth more wldc-
WmM I, and It hax boen il powerful source
MMm of rintmclal strength for Utah. The
B srent dividends of today from many
mmm of the largest mln of Bingham arc
Mmm . going to 'ast:rn people, who Invest-
UWm ml their capital years ago In the
BH , ' complete realization of the opportu-
Wmm ; nltl Involved.
Mfm What need today Is tho ojulck-
U , entm of life In tho small Investor
HB ' of the mat to the Investment In
Bj . niv propositions, to the making of
Mm i nw mine In districts such as Deep
K. Crook, In the country immediately
1 WMitli of Deep Creek and In other
rMtly provided portions of this
wH Deep f'reek presents nn opporlu-
j&f . ultv tluit. iRken advantage of. will
mm ; rovlvc the das of financial plenty
SB , f hml 'er;il years ago, and from
IS, It will spring nn'- men of wealth to
m iiHtumo Home of the burdens of push-
S I us; Utah ahead as one of tho grcat-
j ft wl states of tho union.
I One Adverse Factor.
H 1 hellewt to somo extent the hesi-
tanry on the part of inventors In
buying mining stocks -and the de
ft velopmont of new mines is encour-.
ft aced by the banking system of tho
HI tnt. Tho Commercial club could
Mpl undertake no mote meritorious ontcr-
BW prlne right now than the oris of
Hft converting: tho liRnkcm to the full
BBS and t-onirleW' xupporl of tho mining
H Industn. .Mining stock are not an
BB uf! as interedt-boaring bonds, ore
B bodies holng often difficult to ilnd.
EBB ' yet without public support ore bodies
BBB will never he found.
Bflfl The hlKtory of mining overvwhere
BBB demonstrato? that the public has
BB borup. It. share of tho rAxnonslblll
BBB ., Uh of development. It text frequont-
BB 1 Itnppens that the man who at-
BB tempts lh development of a pro-
BBB pact today llnds the support from
I banking circles totally lacking, and
BBB the public Is discouraged from pl.ic-
BB (tig its money Into mining channels.
MB . A'hil th banker may not realize
IBB it. ho in hurting himself and the state
EBB 1 nr. tnuvh as he hurtK his cimtomer. for
BBB such h programme oirrlod on lnde.Il-
HBB n'toly will holp destroy one of the
BBB most important of Utah's Industries.
BBB t I'tah cannot o.pcct that eastern
IBf oionev centers will giv their aup-
BBB J port to tho Utah mining Induntry
hBJ when people at hom ar lacking In
BBB ti'at fplrlt of co-operntion the world
BBB. i hut tvpry reason to expect and dc-
BBj I mittMl from us.
mm 3 Throe unmtlifactorv conditions
B a -rii b oVHrtme pcolily once the
B 5 (leteriuluatlon ia roached, and If the
BBf 4 in whu Niudlo tho money of L'lah
BB' S will lend the.lr ipprt to the Indus-
BB 'r. It Is not necciHnr" for thant to
BB .i' Indorse such propositions as Ideal
SB J, iMLBklm: ruirpr1e; but It Is neccs-
9B f "7 for them to Itidorwe mining1 as a
BB -1 logitImnti busliifs and pocnlatlve
BJB i Investment. Ivcn If the mining In-
BB C lustry fall In bringing In larse re-
aB -4 turtwi In wn-li intnnee. tho develop-
W inent of nilnen nuelsts In the upbulld-
gfl 'r lug of th nhole atale.
m Utah Must Help.
K t This bolng th bituatlon. It is nec
iM f wmo' for Utah to contribute t-om-m
l 5( thing to Its own salvation If I; de
flr lres sister Mat 03 to contribute their
PS , r mlto In tho dnvekipment of th ro
j , ' sources of tho state. The great ad- v
BJB J vanccmont And prosperity of Call
gMK , V fornla Is due to the undivided sup-
port which California gives to nny
tyB , Udtig within her boundary )ln-s. In
H9 i Utah. It too fraqucnOy Is tho case
KM i that an oiitnrprlJe Is favored or op
BBt.i I pocd nc.-jjrdlng to whether or not
Kf, ' It Is controlled or In the favor of cer
Wmt tain flnanoial Interest.
Hj VHUlo the banks are supposed to b
jj , 'he guardians of the people's flnan
mr lal welfare, there also rest upon
IK - tno'n 'he tremendous responsibility
Bp of seolnx to It that th resources of
SM thr alntg ar'' Properly developed, and
m tt is not dlfrtcult -to Imagine whero
Bj . th! bank. as well as all business of
m 1 Uh. nui continue to Ios; In pro
IB portion to tho backward trend of tho
1 flff mining lrvduttrj'.
I W Metal ilarkot.
1 m metal quotations for Thursday,
ff potod by McComlck & Co.. were as fol-
S 'jum r' !"d 54'35; Ji'r.
il STOCKS, BONDS,
1 GRAINS, PROVISIONS,
:; COTTON.
I James A. Pollock & Co.
P ! A 3 South Mali, Street (Herald. BMr.)
fc- J Salt Laia City.
K if Direct Privata Wire to all Mxrk.'a,
i If xBplez System Ona llelay to Nw Tor
jr and Boiton.
m: Ccrraspondenta Members all Exchasraa.
if Stocks Carried on Liberal XarglaaT So-
f dallsts in Mountain SUtaa Telpsoaa
t Talefraph.
DALY WEST PUSSES
SECOiJIlEf
Development Campaign and
the Need of Good Treas
ury Reserve Is Reason. !
It was reported on Thursday that tho
directors of the Daly West company haa
decided to pass up tho quarterly divi
dend this month for the second period
of the year, and while shareholders nat
urally will feel disappointed, thla action
of tho bourd of directors will not come
as a surprise. Thoflo who gave tho re
cently Issued annual report close atten
tion have anticipated this action, the
company desiring to retain a cafe treas
ury fund during tho current programme
of wctenslvo development.
The last fiscal year of the company
closed with $10D,SSS.78 cash on liand, the
year starting with 3310.3S9.'J. Among
the expenditures of 1912 that helped eat
Into this surplus worn dividends of $216,
000 and an Investment of J1J7.73-I.2S for
a now property mentioned briefly in the
rojKJrt of General Manager McMillan.
Tho company Is developing virgin terri
tory under the Mcllwee system, by which
double the amount of work Is being ac
complished within a given time at no
additional expensy per foot, but double
the footage naturally means doublo ex
penditure for the same.
Local officials or tho company uni
formly arc optlmlfctic over the future of
the company, hut It takes time and
money to bring a property to a steady
dividend bftsds, especially a property like
the Daly Wfnt. where the new work
must of necessity be accomplished at
greater depth than heretofore.
DURING MARCH NEW
LANDS WITHDRAWN
During the month of March tho United
States geological survey classified 1402
acres of coal land, with a valuation of
$20,629. It also classified 759.011 acres
of withdrawn land an nonnoal In char
acter. One coal-land withdrawal of SS2C
acre wan made In Colorado, and eoa!
land restorations to public entry amount
ing to 43S.19 acres were made In "Colo
rado. Montana, South Dakota and "Wyo
ming. Ono phosphate withdrawal of S2G
acres was made In Florida. Water
power reserves were created In Cali
fornia. Idaho. Nevada, Oregon, Washing
ton and Wyoming, amounting to 10,56
acres, and restorations of C74 acres pre
viously withdrawn for power sites were
made In Colorado, Idaho and Washing
ton. A public water-hole reserve em
bracing 1200 acres was made In Arizona.
THOMPSON-QUINCY
MOVES UP SWIFTLY
Park City Issues. Thompson-Quincy
and Silver King Coalition, continued the
principal features yesterday on tho local
mining share market, and of tho former
stock, 14.600 sharea sold. The advance
to CO cents a Khare was by rapid steps,
and the stock closed at tho hlgb point
of tho movement.
There are six stocks on tho board that
have doubled In market value during the
recent past Silver King- Coalition, Ohio
Copper. Thompson-Quincy. Cedar-Talls-man.
Seven Troughs and JClng William
nnd the market, an a consequence. Is In
the strongest position of over a year.
Sales yesterday totaled 4C.103 Hharcs of
stock, tne market valuo of which was
$D."07.30. The following were tho closing
transactions:
UNLISTED STOCKS.
I Bid. lAskod.l Sold For.
T-Quincy ...!$ .49 .50 $ .38 $ .50
New Ver .. .OH .05 ,ori&
MeDon Ely .15 .17 ,1G .17
uico Well. ! .3.1 .::s
Klco Argent . .20 : ,2S
Dragon Con I .2S .30
Fedora 1 lCly .Pig) .03
LISTED STOCKS.
I Forenoon. Afternoon.
I Bid. lAsked.H Did. lAaked.
Beck Tun 1$ .OS IS .081 $ .08 $ .0S1
Bins Amal .05J 08 1 .05j .07
Blackjack.) .11 .13 1 .11 .13
Ccd-Tal . .03 I .03J .03 .035
Contury .. .63J 04 .12
Colo Mln. .14s .If. .14J .IB
Col ,Con.. .10 .30 .03 .40
Con Mer 0 tJ
Cr Point. .021 -03i .03 ,03i
Daly 1.00 1.00 1.20
Dragon .. .IS .391 .lfi .40
D-.ludge . 6.05 C.35 5.90 6.60
B Prince 00? 003
K C Point .00 .001 .00a .001
K T Con.. .001 .005 .001 .001
E T Devcl.. 01 U .011
Bmerald .. .10 )) .10
G Thomas I ,06 .07 .0611 .OS
G Chain .. .371) .40 .37 .40
Gr Central .6S .72
Ind Quuon .001. .001 01j
llron Bios. 1.35 1.371 1.35 1.37
J Bowers .01 .10 10
Keystone I .1 15
King Win .05 .OS .03 .00
Lend King 04
Lfhl Tin. .02 .021 .021 .02
Lion Hill. .02 .05 .01 .M
Little Bell 35 35
Low Mam . .03 .031 -03 .03
Musgrove. .OS .14 .OS .15
Mammoth. .35 1.00 .35 1.00
May Day. .11 .12 .11 .12
Mln Hat. .01 .03 .01 .02
Mt Lake. .OSli .07 .031 .08
Moscow ... .20 .35 .20 I .35
Nov Hills. 1.05 1.15 1.021 1.12
New York .03 .25 .02 .25
Ohio Cop. .97 1.021 .97 1.021
Opohongo . .04 .05 J .01! .05
Ploche Dotnt .01 .011 .01a r .01
Piochc M. .00 .0! 011
Pitts-Idu.. .OS 1.2S .95 1.25
PlutuM . .. .053 -06 .05J .06
Prluco C. .43 .45 .43 .45
Rexall 00 .04
Roch C Pt. 15 15
Seven Trs .011 .031 .02 .02J
T Coallt. .13 .20 I .13 .20
S K CoaJl. 4.30 4.37 4.271' 4.40
SIl K Con. .S5 1.00 .S4 .93
So Pacific . .011 .30 .011 .06
Sllv Shield. .011 .10 .01 .30
Sioux Con .03 .OR .03 .06
S Iron Bios 00 J .00
Swan Con .01 .01 .01 .01
Tin Cent. .00j! .01 .03 .01
Tin Humb I .01 01
United Tin. .00 .601 .00J .00?
Uncle Sam .0s .051 .07 1 .10
Utah Con.. .01 .02 .01 I .01
Un Chlof. .021 .04 .02ij
Victor Con .01 .05 .04 .Oil
Victoria C .53 .56 .54 .60
Wllbert .. .OR .10 .051 .10
Van Con. .10 .17t ' .10 I .IS
Yer Cop.. .02 ! .08
FORENOON SALES.
Columbus Consolidated. 3 at 10c.
Crown Point, 1500 at 3c
General Thomas. 2000 at 6c
Iron Bl06om. 400 at $1,371.
Prince Consolidated. 200 at 44c.
Silver King Coalition. 200 at $4.25: 160
at $(.30.
Swansea, 500 at lo; 1500 at lc.
Uncle Sam. 1000 at Sc.
Union Chief, 1000 at 3c
, Shares sold. S403.
Selllnx value. 2217.ft5.
OPEN BOARD.
Ohio Coppr, 200 at $L.
Shares sold, 6500.
Selling value, $273,
AFTERNOON SALES.
Crown Point, 1000 at 23c; 1000 at Sc.
General Thomas. 1000 at $ia
Klntr William. 1000 at Bic.
Seven Trourhs. 200O xt 2lc; 2500 at 31c;
500 at 2Jc
United Tintic. MOO at lc.
T'nde Bam. 2000 .it Sc
Shares sold. 16.00.
Selling value. $13i.7i.
OPEN BOARD.
Lehi Tintic. 100O at 2c.
Sharert pold, 15.100.
Selling value, $407 50.
SIM PRICE MAY
BRIDGEDVER LEAD
Probable Lead Tariff Changes
Not Wholly Discourag'.ng
the Producer.
Although western lead producers bo
llove that nothtng they can do will pre
vent some reduction In th existing tnrlff
on the metal, and the greater tbo re
duction the more tliu ntutal will, tom
porarily at least, recodu murkotwlse.
they arc not wholly without hopo that
operations In Utali at loast will be
maintained. An Intorcstlng phase of the
mutter waa advaticed on Thursday by
a pitmluent operator. wIioao calcula
tions were based on tho fact that the
lead ores of Utah curry liberal silver
averages. , ,
Should lead drop ao far In price as
to pruvent Us local production on an
average scale, this operator Itguroa that
the losa In silver output will send the
silver market up several notches and
that this ailvnnco will compensate for
th reduced valuo of tho lead. The least
that can be said for this theory Is that
It Ib worth hoplnj: for at any rale.
It la hoped also that tho advance In
metallurgical science, which will be
forced uion tho lndutUry as tho arcltj
of lead domunds the utilisation by Im
proved processes of the low-grade 010
tonnage not now considered commur
clal In quality, will stimulate existing
as well as entirely new enterprises, and
that production costs may bo so favor
ably affected as to offset w,!Hr?Vr inn
verse results may attend tariff reduc
tion. The world needs the metals In the
hills of Utah and It la point: to s"'
th"m despite ' artlllclal rcdtrlctlons
that may be established.
MINING CLAIM AND
LAW OF FORFEIT
Failure to perform "u?,lt,a.bt?r..oll14
claim docs not lose or forfeit It. L be
comes forfeitable by the locator nl Jo
eatable by others, says tho and
Scientific Press. It is only when t hJ
been appropriated by nnotlic r tl ro ug h a
new locution a relocation that It Is lost
and forfeltcl by the old ownei. Up 10
tho time of relocation, the ol own
may. bv restimlnp work on tho claim, re
deem Mis claim from bclnc further for
feitable ax provided by statute.
Even after relocation has begun, and
while' the various acts of location pre
scribed by federal and state Ht:itutM arc
being completed within the allotted time,
tho old locator may resume work at anj.
time before the completion of all tho actH
of relocation and thereby render the at
tempted relocation void, except In Mon
tana, where a forfeiting claimant cannot
resume work after a rolocator has posted
hla notice.
Boston Mining Stocks.
James A. Pollock & Co., bankers nnd
brokers, furnish the following, received
over their private wire yesterday atlcr
110011: BOSTON COPPER RANGE.
Sales. I 11. I L. ICIso
Alcomnh I fSc 90c 9Sc
ailto & Superior... 900 301 30 30i
Calumet & Arizona.. 10 Go CC 06
Chief Consolidated SO 15 11 it
Copper R:inge "0 l; 4i 4A
Daly West 200 , " "
Davis Iily 200 21 2 Jl
ISast Butte 12 113 11?
Glroux Con S00 -i 21 24
Granby Con 100 t -i
Greene C "SO . s t
Hancock 7? t2i
Indiana Copper J-l l
Inspiration Con IS l.i lb
Lake Copper -10 13 U U
Lit. Rose 1"0 21 22 -'1
Mason Valley m ,i.
Nevada Con 17S 14 I'i
Nlnlsslng 400 9 9 9
North aitto WO 30 29J 293
North Lako C00 13 11 11
liy Consolidated ... .CO 1S4 1SI 1S1
Superior Si Bo3ton.. 175 33 3 35
Trinity H 4 4
U. S. Smelter com.. . 90 41 41 -51
U. S. Smelter pfd... 835 IS1 17 4n
Utah Consolidated .. 200 S 7 74
Pond Cronk S3, 203 203 203
Mlch.-Utah I I 30c 30c 30i;
BOSTON CURB CLOSE.
I Bid lAskcd".
Alaska $13.12 $13,371
American Zlno 27.00 2i.2n
Arcadian l.5 2.00
Begole 1-50 I.S15
Bingham Mines 4.00
Boston Ely '.60 .09
Bohemia 2.00 2.25
Butte & London .2n .27
Buttn Central 2.25 2.371
Calaveras 2.55 2.62
Eaglo & Blue Bell 96 .98
Grecno-Cananea 7.00 7.06
llbton Copper 4.00 4.12
Kerr Lako 3.25 3.371
Keweenaw 1.75 2.20
Majestic U 1 1
Mayflower 7.75 8.50
Miami Copper 21.621 25.00
Michigan 1.25 2.00
Nevada Douglas 1.75 1 .87 J
Ohio Copper SS .99
OJlbwav 1.75 2.00
Old Co'lony 4.25 4.75
Oncco 1.00 1.25
Pond Creek 20.50 21.00
Shannon 10.25 10.50
South Lako 6.25 6.50
S. W. Miami... 2.75 3.25
Stewart 1.62 1.S71
Tuolumne 2.25 2.371
Utah Apex 1.50 2.00
Victoria 1.00 1.25
Winona 1.50 2.26
Wyandot 90 1.25
New York Mining Stocks.
James A. Pollock & Co., banker and
brokers, furnish tho following; received
over their private wira yesterday after
noon: NEW YORK LISTED STOCKS.
I Sales.! II. 1 Cite
Chlno Copper 1.600 401 40 40
Goldflcld Con 700 21 2
inspiration Con 18 17 IS
Miami Copper 500 21 J 24 21
Novada Con 200 171 173 171
Hay Consolidated .. S00 IS' IS! 1K1
Tennessee Copper .. 600 3Ci 36 35
Utah Copper 500 53 523 52?
Studobaker com 291 27 29
Ontario Silver 3j 2 3
NEW YORK CURB RANGE.
I Salos.! 11. 1 L. Clc
First Nat. Copper 2; 1J 21
Giroux Con 3.000 2 3ij 21
Yukon Gold 2J ;j
Ohio Copper 1,000 1 I 1 l
Now Keystone- 1J 11 1
South Utah i
Mason Valley 7 61 7
Braden Copper 1.3O0 SJ S3! SI
Ely Con;olIdatd ...I 1,40H ?c' Sc
Iji Rose S00 21) r ;i
Korr Ike 1M 2 31' 3
Belmont W j q
Tonopah 51 6! St
Alaaka 100 llll 111 t
NEW YORK CURB CLOSE.
I Bid. iAskcd."
Elv Consolidated i .10 :j 15
First Nat, Copper 1.S71L 2!l2i
Glroux Consolidated 2.124! 5.35
Yukon GoWl 5.6211 5.S7
New Kostone l.W 1.75"
Nlplslng 9.M 3.JJ1
Ohio Copper .35 I l.M
I-i Roao J.sfc 2.75
British Cot. Coppor 2.76 3.M
Bay State Gas m
Bcndtn Copper I S. S.lii
Ma.o Valley g.M 7.tH
Sioux Con i .ai .os
Colorado . 1:: .15
I'ii Ww?cni .......... 1. " 1. is .
j1a II' ''a l oci 1.121
CENTRAL IDAHO IS
S MIEPilSDISE
Clarence E. Eddy Tells Why
This Region Should At
tract Prospectors.
RICH ORES ABOUND
Fish and Game Abundant
and Better Facilities Are
or the Way.
Claronco E. Eddy, tho poet-prospector,
who has boon In Salt Lako for a week
on business connected with his mining
affairs. left yesterday afternoon for New
York City, whero he has an Important
deal pending. Eddy, as Is generally ap
preciated. ltnowH the hills of Idaho as
fow do, and there is no one with a great
er appreciation of tho undeveloped min
eral resources of central Idaho, where ho
has made several Important discoveries
In recent years.
Central Idaho, ho points out, Is tho
prospector's paradise, In tho 3Utnmcr
time, where there 1b Ideal climate,
abundance of fish and game and ono of
nature's most remarkable storehouses of
mineral wealth In the world. Winlcrn
are severe, with deep snows and inade
quate transportation facilities, but time
will remedy tills. When asked about cen
tral Idaho mining operations for the com
ing summer. Eddy stated that It gives
e.very promise of being a busy and pros
perous season
Loon Creek District.
At the Ixjst Packer mlno and Mnoltcr.
pioductlon will be resumed within a short
lime unci about 125 men will be on the
compauy'B payi-oll. The Lost Packer was
discovered by Eddy ten or cloven years
ago, and It now Is the property of promi
nent Utah capitalists. The mlno has
produced about $1,000,000. and there la
?500,(J0O or more In ore now blocked out
and waiting for tho company's smelting
operations.
Plaj.er operations In Loon '-reck will
bo started this summer, and at Clayton
Is another smelter that has been op
erating for several months. In the same
county as Clayton Is the Mackay section,
whero 150 men are employed, many bo
lng leasers with a .successful season wlel
in hand. An Important piece of new
development Is the long tunnel being
driven into Whlto Knob mountain, which
Is now In 2000 feet.
On tho westerly side of the famous I
Jordan creek and adjoining territory,
where a million in quartz and placer
mining has been made. Is tho property
of tho VVall Street Mining association, a
Salt Lake City organization in part. The,
properly will bo operated this summer,
and the flivt method of development will
be to us. dynamite and ground sluicing
to uncover the main Custer and Jordan
creek gold belt where it Is known to
travcrao the hillside, but which has re
mained covered with hcaw surface.
Tho Stanley Basin operations this sum
mer promiso to bo interesting to Utah
people, recently Salt Lako capitalists be
came Interested thorc. The snows are
melting, fast and placer operations aro
now under way Theso placers provide
from 340,000 to $50,000 In gold annually.
Two remarkable strikes have been made
during recent months on tho slopes of
the headwaters of Middle fork In Custer
county. These give promise of being
good producers of gold.
Two New Mills.
At Parker Mountain a new stamp mill
will be In operation dining the summer,
and the Bortupza Gold Mining company,
a Salt Lake owned proposition in which
Eddy Is interested, soon will begin op
orations at its new forty-ton mill. This
company will run the mill with a 10
horsopowcr gasoline engine, and this is
quite an Innovation for that part of the
state.
, Aycnr or so a' Eddy had an article
In Tho Tribune about the Stanley Basin
country, In which he called attontion to
the woudorful mountain beauty and re
sources, terming this the Switzerland of
America. One offect of this article has
been tho stimulation of Interest In that
section, and a hill is now ponding In
congress setting asldo thin little Amer
ican Switzerland as a public park.
MONEY WAS EASIER
IN EAST THURSDAY
James A. Pollock & Co. received tho
following comment by -way of their pri
vate wires yesterday from tho New York
Evening Post:
News that the new Tntcrboro bond
Issue nns boon deforred, so that tho
syndicate would have until Decembor
2' "PM ln which to bring out the
5S,000.000 loan, showed that llio- im
perative demands upon the monev
market were not as great as had
boon supposed. This extension will
give the syndicate another Mx
months In which to float the loan
and offers further evidence of the
fact that many of the loans origi
nally set for the llrst six months of
the year can be deferred. The monev
market gave signs of further care".
FOREIGN AFFAIRS
AGAIN BIG FACTOR
James A. Pollock & Co.. bankers aoid
brokers, furnlsn the following, received
over their private wjro yesterdav after
noon: Paine. Webber & Co.. Boston Ther
was no change In tho market today Tho
whole list sagged fractionally on 'scat
tered soiling. Weakness in Wolverine
was the only feature of local couriers.
Small stop orders were cauglrt on the decline-
and there was very little buying.
Confidence In this stock Is uiinettlcd. as
mnnagomont ha failed to give out any
dofinlte. Information In regnrd to the
probable life of the mine and Its prob
able value In liquidation. We owtlmatc.
however, that Wolverine ha still seven
pr olght year' work on the Kearsnge
Iod and bhould be intrinsically worth at
least Us present selling price.
Logan & Bryan. New York The mar
ket yielded to tho unsettling Influences I
of a. ranewal of liquidation In those Is
auea which have- been tormcd now In
duolrlalK and also In Illinois Central and
C. & N. W.: also tho Frisco Issues. Tlic
foreign nw was somewhat disconcert
ing and waa reflected by some Mlllng for
Idoii and continental account of cop
per and Canadian Pacific, ami then, too.
the Japan-Callforiiia affair was dls
cuasod In tho light of bolng a, matter .-ua-etptlble
of producing more or lea con
cern. though it npponrc-d to be the gen
eral Impression that flie same wllj be
adjufitod without much delay.
The award to the firemen on eastern
linos was mnd -the basis of a selling
movomont in the Pcnnnylvanla. nnd New
York Centr.il on tha theory that other
branches of lalwr would put forth such
demands as are likely to tond to em
barrass th carriers In the event that
muna are not provided for Increasing
net revenues.
The major part of the selling today
appeared to emanate from the Jomnnt
committed to the decline, and while the
list did not display reUency. still the
ataadard Issues presented a fair amount
of resistance and wo do not anticipate
that material declines from current levels
nlll b rerorded except, perhapu. in the
innUir.c p of St. Paul Lssurs not generally
Hill'-jn by urrent conditions.
Gallafher letter, New York Brttirti-
Amcncan Tobacco and Chltcd Clgnr
oro fairly active toduy, but the price
changes wero of little account. Oil "Ub
ildlarleH were iicgleclud, the tendency
appearing to b towards slightly lower
prices, Tonopah stocks were quiet and
heavy, and It appears as though Mich
stocl; as Jim Butler, Tonopah Mewr,
etc., have not. as yet, digested the offer
ings from Philadelphia sources this week.
The balance of the list, including cop
per, was quiet .and activity was gen
erally at llio expense of values.
GOOD ORE SHOWING
OF THOMPSON-QUINCY
The latent word Thursday from Park
City was that the Thompson-Quincy
company had sent two rounds of shots
Into the new ore, and that the face was
solid In first-class shipping-grade ma
terial. The ore looks as If It Is making
out townrds each wall, and while It Is
early to give exact proportions of this
resource, tl can be said that there Is
nothing to Indicate that the extent as
now knowq la by any means the limit of
the same. Tho raise has reached the
point where ore was logically anticipat
ed, and tho company may be at the point
of opening a splendid resource, one that
Is typical of the Park City district.
BOOTH LEVIES ITS
ASSESSMENT NO. 2
Secretary A. II. Rowe of the Reorgan
ized Booth .Mining company of Goldflcld
has forwarded notices to shareholders
that assessment No. 2, for 2 cents a
share, has been called by the directors,
which will be delinquent on May 19. the
sale day being set for Juno 23. Accom
panying the notlro Is a dotallcd state
ment of the company's financial condi
tion, showing receipts of $7293.07 from
assessment No. 1. with cash on hand
April 11. 1913. of $4017.
Active work Is being conductod by the
company, and Mi. Howe states that tho
showing Is good enough to warrant thor
ough prospecting.
CHERRY CREEK GOLD
DISCOVERY A FLASH
According to the Ely Expositor, tho re
cently reported enormous dlscovory ot
gold ore near Cherry Crook. Nov., was a
flash ln the pan. and conditions arc noth
ing In reality when measured by expecta
tions. Ono troublesome factor ln the
earlier diagnosis' of the new strike was
the nbsenco of adequate assaying facili
ties. It takes several attempts ordinarily
lo accomplish anything In life worth
while, so Cherry Crook, for long a disap
pointment, should not lose Its grip, but
plug away.
DIVIDENDS EXCEED
MINE ASSESSMENTS
On the bulletin board of tho Salt Lako
Slock & Mining exchange thoro has been
posted six dividends, all Utah mining
propositions, while the. assessment list
carried only one. This was pointed out
as a reversal of conditions experienced
for a long lime, and not in years have
the dividends exceeded assessments to
such extent. It was encouruging and
created considerable comment.
Ore Shipmontn.
'who Utah Ore Sampling comp.mv on
Thursday released I cars of ore from
Utah. 3 cars from California and 1 from
Idaho camps.
Oro and Bullion.
The ore and bullion report for Thurs-
day. given by McComlck & Co., was as
follows: Ore received. 5122.000; bullion
shipped. 5105,000; total, $227,000.
Mining Notes.
The Goldflcld Consolidated stock will
bo taken from tho New York Stock ex
change listed division on June 1G.
The temporary loss to tho Miami com
pany's efficiency, due to the recent cavo
ln, is stated to be 20 por cent, and. a cor
responding Increase to tho co3t of pro
duction. Nevadas in San Francisco.
James A. Pollock &. Co., bankers and
brokers, furnish tho following, received
over their private wire yesterday after
noon: Bid. Aske"iL
Goldflcld
Atlanta. $ .15 $ .10
Booth 03
C. O. D 05
Combination Fraction 05 .00
Daisy 01 .......
Dlamondtlcld B. B 03
Florence 45
Goldflcld Consolidated 2.05 2.07
Kowanas .01 .0G"
Jumbo Extension .25
Lone Star 02 .03
Merger Mines 24 .25
Oro 13 .11
Sliver Pick Consolidated 07
Yellow Tiger 02 .03
Manhat tan
Big Four Si
Dexter Union 03
Gold Wcdgo 07
Manhattan Consolidated 10
Manhattan Dexter 03
White Caps .08 .10
Coinstock
Consolidated Virginia 18 .19
Halo and Norcross ot
Mexican 75
Ophlr 2t .22
Savago 05 .00
Sierra Nevada 25 .26
Union 08 .10
Tonopah
Belmont G.271
Boston 02 .03
Cash Boy 12 .13
Gipsy Queen 06 .07
Jim Butler 1.05 1.071
Tonopah Merger .95
Mldwav 51 .53
Monarch Pittsburg Exlu... .15
Montana 1.70
Mlzpah Extension 71
MaeNamara 19 .20
Norlh Star 3g
Rescue Enla 16 .17
Tonopah Extension 2.00
West End 1.57 1.G0
Other districts
Pittsburg Silver Peak 57
Nevada Hills l in
Round Mountain .55
LIVESTOCK QUOTATIONS.
Chicago.
CHICAGO, April 2 1. Hogs Receipts,
15,000: market generally Cc higher. Bulk
of sales. IS.70ftS.SO; light, 58.C5S.95,
mixed. JS.55S.U0; rough, JS.408.55: pigs.
$6.7uift8.S5.
Cattle Receipts. 4000: market weak.
Bulk of sales, ?7.30Cr?'9.20; Texas steers,
S6.S0fjT7.90; western. J7.00?ES.10; stockers
and feeders. $6.208.10; cows and heifers.
$3.90fi.S. 10: calves. 56.0003.50.
Sheep-Receipts tS.000: market Blow,
weak. Natives, $0,007.25: western. Jt5.25
fr7.2a: yearlings, S5.507.99: lambs, na
tive. 5C60fj8.90; western, 57.0003,90.
I Omaha.
OMAHA. April 2(. Cattle Receipts.
3500: market lower. NatH'c ateors, 57.C0
S?.75; cows and heifers. 56.00ffS.10;
westorn steer, $5.75 fQ-S; Texas steers.
56.0CniT7.75: cows ami hclfors, 5S.00G'7.S5:
iale. 57.759.76.
Hogs Receipts. 6000; market lower.
Heavy. JS.10fia.50: light. 5S.55iJf8.S0, pigs.
$7.50frS.25; bulk, JS.45flS.55.
Sheep Receipts, 2000; market higher.
Yearlings. 57.2fl7.65; wethers. 55.4007.10
lambs, 5S.304JS.90.
Kansas City.
KANSAS CITY. April 24. Cattle Re
ceipts. 3000; market steady. Native
ters, 56.5O0S.4O; southern cows and
helferp, J4.30S.16; native cows and heif
ers, SI.50ffS.50; stockers and feeders. J6.S0
t?8.2!j; bulls, 5.95jg7.40: calves, 6.00&
8.50; wtorn steers, 57.00ijj7.40; western
cows. 54.70&5.2S.
Hogs Rcelptn. 6000; market 5c to 10c
higher. Bulk, 5S.55ftS.75; heavy, 55.50
S.6', packers and butchers. 5o.S5fffS.75:
light, 5s.6ofrs.so: pigs. 57.2645r7.75.
Sheep Receipts. 390; market 10c to
15c higher. MuttonH, 55.23fr7.00; Colo
rado lambr, 17.73fT.S SO; range wethers ami
ar!Ings. 55.75G7.50: ranco ewea. 55.25
0S.75.
ggiiw & Rio Gran dem
May, 7, S, 10, 17, 2-1, 31; June 3, 7, 13, 21, 28. W0
Good until October 31st reluming. S
Round-Trip Fares from Main-Line Points.
Chicago 956.50 St. Louis 552.0ES
St. Paul 55.70 Minneapolis 55.7Bfl$
Kansas City 10.00 Omaha -iO.OtK
)envcr 22.50 Colorado Springs... 22.5rjMkjJ
Proportionately low rates to many other points. Bfj'
Stopovers. Diverse routes. wtfi
STEAMSHIP TICKETS to all parts of the world.
Electric lighted Pullman and tourist sleepers to DenverjH?
Kansas City, St. Louis and Chicago without change.
DINING CAR SERVICE BEST ANYWHERE.
For further information see any D. & R. G. agent or addrcdRfe
F. A. WADLEJGH. G. P. A. I. A. BENTON, G. A. P. D C
Denver, Colo. Salt Lake Cityjjjffi
OEJEGON SHORT LINE TIME CARD. JBlffi
EFFECTIVE APRIL 3. 1913. MfcS
Depart. Dally. Arrive. HeJU
ti iv a mr Ogdcn fPreston and Logan going), Den- rr.ct KlTt
7:15 A.M. vw. Omaha, Kansas City, Chicago. (San 7j50
Kra nclsco and west also arriving.) mWT
A M Ogdcn. Ix3gan, Preston (Chicago and o.Ka p-jRijp
.JLO 1.JLTJL. points cast also arriving). U.UU MB')
Q.fin A TVT Ogdcn. Malad. Pocatelln. Boise. Ashton. innfi TlmmTM
O.UU ii.iYl. Intermediate (Montpeller also going). AU.UU t.JBi
O.OfA A TVT Overland Limited Ogdcn. Reno, Sacra- A. OK 'DlKt'
y.ZU iJ..Yl. memo. San Francisco. 'Z.&O "'fB
10:20 A.M. Ogden and Intermediate points. 6:50 VmMWm
12:01 P.M. Pacific Limited Ogdcn, Omaha. Chicago. 8:15 AJMfc
1:15 P.M. Ogden. Boise. Portland, Butte. 4.35 PJB
2:10 P.M. vcrlnnd ffiSst.? Chlcaso 11:40 AB
2:35 P.M. AneelTaC?Zn' Chlcasi" 4:45 Pjfc
4:05 P.M. 0Bden- BriSSm,-tSmJSioS,,oy' Ma,atl H:40 A.Bn
er Af t nr Ogden. Denver. Omaha. Chicago (Park in nuBf'
5:40 P.M. City, Green River and west only, return- 12:50 'JE
U.IK T TAT Ordcn. Boise. Portland. Butte (San Ift.QC iflt
,fcO JT.lfl. Francisco aud west California mall). J.U.00
11:45 P.M. paclflc L,mItcdrnd?wc"t. Sun rrnncl3C0 2:10 PJlB?
Telephone, Exchange 15. City Ticket Office, Hotel Utah.;Jfli
I DISEASED UP :H
A Cure Is What You Want W1
ft'T YET HARDlB
ABLE TO WORK Mr.
GLOOMY jTWiK
h "Weakness" Is Hie causa of mors ietBli
g A J&r row and Buffering than all other aBHpu
m JV jjt ments combined. I see the vlctlmi B'la
M If l',,s llsorder on overy hand, his vth')mwm I
M XV appearance proclaiming to all tho mnip
H X vk his trouble and tending to blight MjPl
H I t l existence. My treatment cures dfailH
FJ X 11 l dercd moii by overcoming and removlnBfclB
P W V Nys. (no effects of disorders. It stops v
w iM ffb. waste and quickly restores the vIclliMh
L . TprjB&cke 10 who.t nature Intended a healthy uBvm
M I-, i- vigorous man, with all his functloMHjli
S ViUvW Amj power complete. r'i
! i am for men Cyres Guaranteed S
P Liafa'Q M 99 Dr' Ehrllch'8 Famous Remedy a m
a 914 improved "60fiv'
H inr For Blood Disorders VVV
I I iso the newest and latst treatment for Blool Poison and Skin DUMJllBlrl
J ProfcHsor Ehrllch's (of Germany) "91V the Improved 30, instead of tha ojB
S remedy. "Oi l" is absolutely safe and harmleHs and moro cffoctlvo than "mjMmX
and can be administered In tho office palnlcHsly and with absolutely no HI tlHtl
fl feels whatever or detoullon from business. This treatment Is far superior fHL
J jny other employed In the cure of this dreadful disease. Symptoms berin IBLk)
J disappear In a few hours after tho administration of tho remedy. Even LbouilBfV.
a 60u has failed or left bud results and If you have or ever had this dliuutBtl
S any stage or form, do not fail to call and got this wonderful treatment.
k COUSULTATION AND EXAMINATION FREE. IEu
j Hours: 9 a. m. to 5 p. m., exenlngs, 7 to 3; Sundays, 10 to 12. Writs If Vt1'
v cannot call. nt"
gSTflTE MEDICAL CO, &JSfSS
WEAK, ltff IPmi CURED CHEAflK
I DISEASED ifJLJLill and SECRETlYVl
I iflSBlL consultation febb jKp:
l 43S& fSl DISEASES OF MEM
I v$ml GB 51 Consult rnc free of charge. mmmc.
I ' W MY FEE NEED NJTE PAID UNUK
I 9. j'y ,ncr';aae my huslnesa anj5Bo'wpt
SPECIFIC BLOOD POISON Ehrfc"
p?iS?.5.E .,I:LN"S. BLOOD DISEASES. LOST VITA LIT T. Pir.ES. ECZjb
LLING IiAIR. FAILING M1CMORV. OBSTRUCTION'S. NERVOUS, P
Hrii BL.VDDER AILMENTS CURED FOREVER. .Nl
Salt Lake Men's Wiedcca Bnstituto
I ll1tf9il WliVliiin ''mi" S7REET- SALTJKECrrVjOTAjBi
ASSESSMENT NOTICE.
The ColumbUK Extension Mining com
K Cy?C&Rih.PUCe f bUi,r"' Sal
iVc.i la.,,crenV given that at a meet
of..tno f director! hold l on tha
"tJ'r,0 March' 1913' nn a "menl
or two (2) cents per share was levied
J5? "P1 "lock of the corporation,
payable to F. B. Cook. Mcretarjr. on or
hi01" 28th da7 ot April. 191S at h U
Sfflce. 402 Felt buUding. Salt Lako City
'mWG.'
Utuh. Any atock upon which '
bessmcnt may remain unpaid on 2BKH
1312, will bo delinquent and JfATjHP W'.
for tale at public auction and ututJ
tnent ln made tcforo that "mX immWy1
o' on May 13. 1313. to Pa.PtbTmmSf
quent asscEsmcnt. together w1 JiT LV J
of advertising and cxpenseo r(fcK?
Secretary of said company?
Kelt building, Salt Lako CH
