The Salt Lake tribune. [volume], January 31, 1904, Page 10, Image 10

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

Image provided by: University of Utah, Marriott Library

                
; 10 The Sait Laics Trxbotte: suistdat Morotn'g, Jatjahy 31, 1904, J
I" : : FOR THIRTY BULLIONS
Another Stupendous Com
I pany-Organized.
I SENATOR LEWIS'S TRIUMPH
j List, of Big Mines Passas the
' Examination, '
Pounder Leaves for tho East on Heels
of the Expert To Issue' $0,
000,000 in Bonds.
When Stale Senator A. B. Lewis
flapped the train last night with New
York as his destination ft was, with
powerful Eastern alliances, to perfect an
i amalgamation of mining Interests, a
' consolidation of mineral-bearing areas
I in Utah and Nevada, ihat shall have as
a capitalization no less than $20,000,000,
co-operating with him some of the most
prominent Jlgures In the realms of
finance, The new company Is to be
launched as the Monarch Mines and
Smelting corporation, one-half the
chares at which It shall be capitalized
to be placed In the treasury, while de
benture bonds in the sum of 56.O00.0CO
drawing 5 par cent per annum and run
ning for a period of twenty years will
be made to provide the sinews with
which to perfect the title to the com
pany's acquisitions, means with which
to systematically develop them, and a
fund for whatever and all equipments
' I'hall be required to derive the best re-
suits from an empire of territory which
has been liberally endowed with the
metals of every variety. As a founda
tion for the stupenduous undertaking
Senator Lewis, who has been so ener
getic in behalf of this State and south
western Nevada for several years, has
acquired the Comet and Imperial groups
out of Frisco and not distant from the
ID Horn Silver, with Its f5.342.000 dividend
I- record; the Royal company's domain
I within which is embraced the Montreal
I group and others of equal prominence;
B " the possession of the Manhattan Mining
company, Jutt over the line In Nevada,;
f, ihe properties of the Ploche Con. Mining
,t company at Ploche, Nev,, and the mines
of the Last Chance Mining company,
that are nestled alongside the lcviathann
of Bingham, and that have been most
, productive 1n previous years. Indeed,
un inventory reveals a bullion record
from the various mines Included In the
most extraordinary aggregation exeeed-
" Ing $50,000,000, although the argonauts
' , , claim that the Ploche Con. alone has
It been productive of a greater sum. In
I addition to these mineral-bearing acqul-
: ltlons- the Inventory of the amalgam
j mated company's assets shows 10,000
acres of land within which has been un
! earthed the best coking coal in the
I State, while It Js not unlikely that the
f ; holdings of the Majestic Mining com
I 1 pany will be Included, this to be detcr-
mined at an approaching conference in
1 the East.
, ' Eor spvcral months Senator Lewis,
I originator of the formidable project, has
1 been applying himself to It, and when It
I uan finally spread before tho?e whose
I t o-operatlon he sought the whole thing
was referred to mining engineers, and
' the examination begun by them. This
, , has been progressing for several weeks,
i and when 11. N. DIckman of Chicago
i4l completed his work and came In from
i the various camps on Thursday It was
' lo confess zhat the Interests embraced
, ' In the undertaking had been a revela
, tlon to him, jln arriving at his conclu
sions Mr. DIckman raid that he had
been materially aided by work which
I I i.au Deen prosecuted under the direction
of Col. William A. Faiish,. while Sena-
I i tor 'Lewis was congratulated upon the
I judgment exercised by him in the selec-
I tlon, of the various interests, .
i To perfect the organization of the new
company Senator Lewis said on the eve
; of his departure that thirty days more
r would probably be required by the com-
i( pany to be organized under the laws of
I Maine, the final meeting of the various
.( Interests to br held at Portland In Feb-
r ruary This accomplished active work
7 will be Inaugurated without delay on all
, the properties and continued until the
yx rour for equipment arrives. Certainly
mining men throughout the State will.
V congratulate Senator Lewis upon his
' 1 latest triumph,
fi
II,1
j ORES AND BULLION.
Mouth's Settlements Reveal Much
h Thrift at Smelters and Mines,
jj The month In tho ore and bullion niar
'f kct closed on settlements aggregating $1.-
Jtf 730,100, a pronounced gain over tho corre
al fipondlng period last year; and yot rc
JC " cfrlpts from tho various camps have been
oorlously Interfered with by tho elements,
jP- with some of tho camps, at Intervals,
shut out entirely. However, stock on
,i hand kept the furnaces alive and tho
II, bullion output has gone on without Intcr
i ruptlon whatever. Meanwhile the fur
i J h nnces nt the copper smelters have ahown
u new record of production, although this
b will not bo closed until tonight, while
tj( those that are not engaged In adding to
i the capacity of their plants have projoct
od enlargements for which material has
, been ordered. j
) Tho week's settlements In the open'
' market amounted to 5123,20), whllo the
, record at tho copper plants Indicates th
r following consignments cf copper bullion
J containing gold and silver, to the East
' crn refineries during the same period:
1 . , Pounds.
h ninsham Con 1K.73I
Utah Con 301
g United States 24G,00l
' ' " Total 730,123
I ) J American Smelting & Refining 150.0CO
j Grand total 50,123
1 Tho day's settlements In tho ore and
, bullion market amounted to JC2.2O0, Mc
i , - fornlck Si Co. reporting them as they
j A follow: American bullion, $3S.S00; gold
I rllvcr, lead and copper ores, J33.000.
.J In the metal market silver ruled at
j fl5 cents an ounce, lead at J3.G0 per hun
H drcd pounds, and casting copper at 12
J J cento a pound.
U A TINTIC CONSOLIDATION.
fl jj t Interests of tho Raymond and Illi-
L nois Co.'s to Be United.
H" JL Bcforo the expiration of thirty days the
H' rj holdings of the Raymond and Illinois Ml-
Hr jl nlng companies at Eureka, Tlntlc, will
Hf have been consolidated, tho combined
J nreaa afTordlng tho amalgamated com-
II L puny an estate that should .oon bo mado
HV If l?11? Productive. Manager J. C Sullivan
ri of 11,0 Raymond, who came In from camp
iTJ jesterday, said tho directors, at a recent
1
ineetlnR, had advanced a proposition In
behalf of tho Illinois company, and on
February loth tho Raymond's directors
will meet for final action. The Raymond
has sunk to a depth of 1600 feet already,
and with this horizon from which, to
start the new ground should bo econom
ically and expeditiously explored. That
a mino exists alonK the stretch of coun
trv controlled by tho amalgamated com
pany those conversant with the region nro
confident,' and future developments shbuld
demonstrate.
JANUARY ON 'CHANGE.
I
Output a Small One, Although Prices
Were Fairly Maintained.
January, on the mining exchange closed
upon ah output of 533,155 shares of 6tock,
for which J1CC.071.2C was paid, tho trans
actions, for tho corresponding period last
year revealing a total of 770,850 shares,
that brought JC22.1S3.77 Certainly noth
ing In tho physical condition of tho camps
or tho production of the furnaces, for a
groater number of which the demand Is
being hourly emphasised, may account
for this, while the dividend record for, the
month js a' most gratifying one. Tho man
who Is long on tho market says It Is the
man who Is short who Is responsible for
the condition, whllo the letter's rejoinder
Is that his accuser. In specific Instances,
has failed to come up with the goods. In
Colorado tho shorts have been propitiated
after vain effort to suppress them, and
its markets generally arc exulting over
the relief which ha followed. However,
tho week on 'chango was characterised
by Increased trading, the transfers num
bering 210.023 shares, that brought $2S.
45C.K3. whllo tho dav closed on the Kile
of 22.300 shares, for ?iS57.37. With Isolated
exceptions tho month was devoid of
sprinting, tho stalwarts sharing the fato
of tho youngsters. C.on. Mcrcur was a
keen sufferer, shares which brought 75
cents thirty days ago going over the
counter yesterday at 59M, while Century,
another of the "gold standard," recorded
a slight gain, as did Sacramento, al
though the latter was withdrawn from
tho dividend column pending settlements
on a carload of quicksilver that had been
sold on the markets of the East Daly,
which brought S2.52V7 around New Year's
day. was parted with yesterday at J2.35,
whllo Daly West, which sold for JSC four
weeks ago, was nn offering at $33, al
though another $117,000 dividend will bo
posted on Friday next. Daly-Judge,
which had been reduced to tho ranks In
December, closed on a bid of J3.-J2H, whllo
Grand Central, with tho management not
a little enthusiastic over conditions at
the mine, was marked down to ?2.97Vf.
with $1.20 asked for Mammoth and $3.25
for Ontario. New York was one of the
exceptions to tho rule and closed on an
advance of 10 cents a share, as was Undo
Sam, which opened .and closed firm
around 2i'.. Star Con. recorded fraction
al gains, as did Tetro and Yankee Con.,
while Carlsa nnd Butler-Liberal wero
mostly stationary, tho month and day
closing on the following market:
Hid. Asked.
AJax ? .00 5 .07'.
Albion .33
Allco 20
Butlcr-Llberal 10VS .10J
California ..A 01 .03
Carlsa 10 .11
Century .80',A .20
Creole .40
Congor .. 03
Consolidated Mcrcur SOVi .551
Daly 2.25 2.321
Daly-Judgo 3. -12'. 3.C76
Daly West ; 31. GO 35.00
Dalton 00y2
Emerald ". -.02'. .03
Eagle &. BUie Bell .-J2Vfe .05
Grand Central ...l 2.771. o.97&
Horn Silver : 1.00
Ingot ,011 .01J
Joe Bowers 00y- .01
Llttlo Bell : 1.00 1.E0
Little Chief .v.:.-.....- :t.. .03
Lower Mammoth . .lO .-13
La Rclne .02&
Mammoth 1.20
Manhattan , .00'
May Day . .07W .073
Martha Washington 01'. , .01,
New York ;'. '.. .IS .1ST6
Ontario 4.85 5.25
Potro 02 .0G
Richmond-Anaconda .. .02
Rocco-Homcstake .50
South Swansea .15
Sacramento . '. 20&
Silver King ..... 07.00
Star Consolidated 21 .21
Sliver Shield 02-i .02
Tetro .v..: 31 .32
United States Mining Co... 20.00 23.00
Uncle Sam Consolidated..'.. .21 .27
Utah .' 17 .52 "
Wabash 05 yt .00
West Morning Glory .00
Yankee 42 .13
THE DAY'S SALES.
Consolidated Mercur, 75 at COc; 00 at
59c, seller thirty days; 2C0 at 59c; 200 at
5914c
Daly. 300 at S2.35; 100 at J2.3C, buyer sixty
day?.
Star Consolidated, 50 at 21'.c.
Butler-Liberal, 5C0 at lGc; 500 at 10',c.
-seller sixty day3; 500 at lO'c, seller sixty
days; COO at 10Uc.
Emerald, 1000 at 2c.
Shares sold, 5100.
Selling value, J2173. . .
OPEN BOARD.
Butler-LIbcral. 500 at lOUc
Carlsa. 500 nt lOVtc. (
Emerald. 1000 at 2c.
Little Chief. 500 at 2c. . .
Lower Mammoth, 1W0 at 42c, seller thir
ty days.
Martha Washington. 5000 at lc, buyer
thirty days; 5000 at lc.
New York, 1500 at lS'iC seller thirty
days; 1500 at 18c.
Star Consolidated. 70) at 21Vlc.
Shares sold, 17,200.
Selling value, J13S4.37.
Boston Copper Market.'
; TRIBUNE SPECIAL.
Boston, Mass.. Jan. 30. Today sees
very little change In the copper mar
ket. There was a somewhat better feel
ing at the opening, and the orders were
inclined to look for a rally, but trad
ing was extremely quiet. Utah was the
only active feature outside of Amal
gamated, and was in very good demand.
The other shares were practically neg
lected, although hero and there in
quiries were heard on some stocks.
Hornblower & Weeks, brokers, 53 State
street, Boston, and 10 Wall street, New
York, furnish the following quotations
Sales. High. Low. Close.
Anaalg'd 1.EG5 5IS.50 J1S.00 $4S.0O
Bingham CO 22.00
Mcrcur 1G0 .60
Daly West .... 70 33.00 ....
United States..' 535 20.87 20.50 20 S7-
Utah 1,057 33.00 32.50 32 75
Boston 5 35.26
SCOTTISH CHIEF ORE.
It Is in Considerable Quantity As
say From Majestic.
TRIBUNE SPECIAL.
Park City, Jan. 30. Ono of the heavy
stockholders in the Scottish Chief reports
this morning that men were over from
that property yesterday, who fully con
firm tho rumor recently afloat to tho ef
fect that ore in considerable quantities
had beon discovered -in tho crosscut on
,tho 500-foot level. Tho Informants say that
the extent of tho find Is not yet ascer
tained, as the deposit has not yet boon
penetrated or followed to any extent, but
It Ih considered Important
Last, summer the Scottish Chlof was
wlnzo In on a splendid seapi of high grado
oro and shipping occasionally, when It
was decided to tap tho body at a greater
depth, and tho shaft was continued to tho
500-fQQt level and a crosscut run for the
voln, which will undoubtedly leave a fino
area of sloping ground upon which to con
duct future mining operations.
The. sumo parties report that the gang
Jit the Park City Summit la making splen
did headway In the new tunnel, with a
favorable chango In the rock now occur
ring. Tho formation, which has recently
yielded astonishing returns In lead for
country rock, Is becoming more heavily
THE TRIBUNE NEWS STANDS
BOSTON Crawford, Parker.
CHICAGO Auditorium, Great Northern.
Palmer House.
DENVER Brown Talace.
KANSAS CITY Midland, Coates.
LOS ANGELES Tho Angclua, B. F.
Gardner, 305 Spring Street.
MINNEAPOLIS-Wcst Hotel.
NEW YORK Waldorf-Astoria. Impe
rial, Aator Houce.
OMAHA The Millard. The Pnxton.
PORTLAND, OR, Portland Hotel.
' BT. LOUIS Plantcrn', Southern.
SAN FRANCISCO Palace.
SEATTLE Hotel Northern.
WASHINGTON Wlllard, Ralotgb.
mineralized as the bore advances Into tho
hill.
An assny yesterday of rock taken from
the face of tho MaJoStlc tunnel shows a
steady Incrcnso of values as tho ledgo la
being approached.
The assay was made nt the Ontario as
pay office and shows 11 per cent lead, 8
ounces silver and $2 gold.
San Francisco Mining Stocks.
San Francisco, Jan. 30. Tho official
closing quotations for mining stocks to
day woro as follows:
Andes .00 Mexican $ 1.G3
Belcher ; 35 Occidental Con. .93
B & B 1.70 Ophlr 3.C3
Caledonia ,S0 Overman 31
Chal Con 27 PotosI 22
Chollar 22 Savago 52
Confidence . .. 1.10 Si'g Belcher ... .00
C C & Va 1 CO Sierra Nov G3
Con Imperial .. ,03 Sliver Hill r,7
Crown Point . .29 Union Con St
G S: C 31 Utah Con 23
II & N 72 Yellow Jacket . .17
Justice 03 .
NEW YORK MINING STOCKS.
Adams Con .10 Little Chief ...$ .00
Alice .27 Ontario COO
Brceco 10 Ophlr 4.50
Brunswick C . .03 Phoenix 13
Comstock T .. .OS PotosI 23
C C & Vn 1.70 Savage 59 1
Horn Silver ... 1.03 Sierra Nov 75
Iron Sliver 1.25 Small Hopes .. 20
Lcadvlllo Con . .02 Standard 1.G0
BOSTON MINING STOCKS.
Adventure 2.25 Old Dom'n .$ 10.00
Amatgd .. . 4S.S7 Osceola .. .. 5S.00
Alloucz .. .. 4.50 Parrot 20 00
Daly West . 34.75 Qulncy 90.00
Bingham . .. 22.00 S Fe Copper. l.S7
Cal Si Hccla. 455.00 Tamarack .. 105.00
Centennial .. 15.23 Trinity I.S7
Cop Rango . 41.00 U S 20.S7
Dom'n Coal . CI .00 Utah 32.75
Franklin . .. S.00 Victoria . .. 3.25
Isle Royale . S.X) Winona .. 6.50
Mohawk .... 3C.50 Wolverine .. 72.50
AT GOLD ROADS.
Lessees Taking Out S1O0O Gold Rock
The Kislingbury Scandal.
From the upper workings of the Gold
Roads mines, out of Kingman, Ariz.,
with which Salt Lake and Los Angeles
are prominently Identified, lessees ore
now extracting ores, some of which show
a valuation of $1000 gold per ton, said
President William Bayly of the Copper
Belt railway on his arrival from the
routh yesterday, white from the com
pany's workings practically S00 feet be
low them on the formation the manage
ment Is raising ore for the mill which
shows a valuation of 522 gold In the
east drift, $11 In the west, with a general
average of about 15.70 per ton. Of the
future of the properties Mr. Bayly, who
was the first to whom they Were com
mended by George Klslingbury, former
ly of the Golden Gate at Mercur, Mr.
Bayly says there is no doubt whatever,
although the hour for dividends has not
yet arrived. He reports Col. Posey and
Col. HefCron both recovered and In good
health. ,
Of the scrap between the company and
Klslingbury Mr. Bayly says the latter is
being attacked because, it is alleged, as
the agent of the company he accepted a
commission of 525,000 from the vendors
and at the same time an interest from
the purchasing company, for which he
received $15,000 from William H. Bre
voort, formerly of the Carlsa of Tlntlc.
It Is also alleged by the plaintiff that
but for its betrayal by the- accused the
mines could have been acquired at less
figure.
Mr. Bayly leaves for Bingham' this
morning to Inspect the Copper Belt rail
way, which has opened the season in a
manner that promises some returns on
the Investment.
MARTHA MOVING ORES.
Five Carloads Now Headed for Smel
ters of tho Valley.
The first of a lot of ore that five cars
will be required to handle was forward
ed from the Martha Washington of Tln
tlc yesterday, the remainder to hit the
trail today, says Superintendent Osborne
In his weekly report from camp, the
ore running well up in sliver, with some
copper and a little gold and coming
from two faces on the Martha lode. At
one of these, says the management,
olghteen Inches of pay rock Is exposed,
at the other two feet, with everything
favorable to better showings as the
work progresses. To inquire into condi
tions at tho property Messrs. Alvlras
Snow, A. S. Campbell and Harry B. Cole
left-for camp last night.
THE DIVIDEND RECORD.
Park City Maintaining Its Splendid
Position at the Top.
Tho bread-winners during tho month
passed around a total of $232,500, the ros
ter led by Daly West, which distributed
117,000, and at tho same tlmo mado an
addition to lto surplus, whllo tho Silver
King reached Its shareholders with $100,000
tho Annlo Laurlo of Gold mountain wltli
$12,500. and tho Century of Park valley
with $3000. The Grand Central was among
the missing, as was the Sacramento but
there Is no doubt of their roappearanco In I
a short time.
COPPER COMPANY WANTS
S2,800,000 FOR DEVELOPMENT
New York, Jan. 30. Directors of tho
Greene Cpnsolidated Copper company
held a protracted meeting today to con
sider a plan for raising new funds to
meet the needs of the company. While
the official announcement Is delaved it
is understood that a letter will be drawn
up to be sent to stockholders making the
proposition to issue $2,S00,O00 convertible
bonds and to authorize the Issue of the
stock necessary for conversion.
SALT LAKE CITY'S NEW HOTEL,
THE KENY0N.
1 J I
Large, superb and Incomparable. Lo
cal and long-distance telephone in
every room. f
DON PORTER.
Wagemaker sectional cabinets and
card .index files. Pembroke Stationery
Co. 'Phone 75S.
Not How Cheap But How Good
Blue Point PerfectoB,
Utah's Favorite Cigar.
HATCHETS ARE BURIED
Lo. Mammoth and B. Jack
Patch Up Peace.
AN AGREEMENT IS MADE
Scrap Is Ended Without Any
Bloodshed.
To Bo Separated for All Timo by a
Vertical Plane Decreo to Bo
Entered Tomorrow.
At a meeting of the principals and
their attorneys yesterday the Lower
Mammoth and Black Jack Mining com
'panlcs decided to bury tho hatchet, tho
only consideration, other than that the
victories of peace are more remunera
tive than those of war, a small pieces
of money the Black Jack Is permitted
to draw down, this In payment for ores
that, It Is Eald, were unwittingly re
moved by Its neighbor. The principals
will accordingly appear before Judge
Marshall of the Federal court tomor
row morning, where a decrje, corres
ponding with the terms of settlement,
will be entered. In tho settlement it
Is agreed that each shall henceforth
respect a vertical plane by which their
respective interests shall be separated,
the Lower Mammoth to bo perpetually
entitled to mine and extract all ores
occurring within its boundaries, the
Black Jack to enjoy, so far as Its
neighbor is concerned, equal rights.
Thus was terminated another clinch
that threatened to develop Into a "stub
born conflict over extra-lateral rights,
and while expert talent, without refer
ence to legal ability, I3 deprived of an
other feast, mining circles generally
will congratulate the principals on the
settlement. The Lower Mammoth,
which reported at the smelter with sev
enteen carloads of ore during the week,
will continue its steady production,
while the Black Jack promises to take
Its place among the shippers In a short
time. At the settlement the Lower
Mammoth was represented bv Messrs.
Dickson, Ellis & Ellis, the Black Jack
by Former Senator Rawlins.
THE CENTENNIAL'S SHAFT.
Depth of 2050 Feet to Bo Attained in
Next Thirty Days.
The main shaft on the Centennlal
Eureka of Tlntlc will have reached a
depth of 2050 below its collar by March
1st, said Bert Holden, managing di
rector, on his return from camp yester
day morning, this affording the com
pany a total depth of 2750 feet on tho
formation or below the apex of Eureka
peak. With this depth the company
will at least content Itself for a period,
as between that horizon and the 1400
foot level, to which latter the orj
bearlng channels have been fathomed,
virgin territory will afford it abundant
room for development for an indefinite
period. Mr. Holden says he has never
seen tho bonanza when Its volumes of
wealth were so pronounced as they are
at this time and yet the big disclosures
on, the 1100 level, which is at a depth of
1C50 feet below the collar of the shaft
Is but an- artery from the main chan
nel. Meanwhile the output at this tlm
is approximately 300 tons dally, the
quality such as dividends are made of
With the new ore bodies in the Bing
ham system of mines and the unprece
dented volume of wealth In the Centen-nlal-Eureka
the new year is an assur
ing one for TJ. S. interests, this empha
sized by the behavior of the furnaces
and the increased output of bullion
upon which the month Is oloslng.
OVER AT GOLD FIELD.
A Prosperous Community Following
Chapter of Discoveries.
In an interesting letter from Tonopah.
James F. O'Brien, for many years identi
fied with Western mines and mining pub
lications, says-
"The dovciopmonts at Goldfiold contlnuo
to produce the most encouraging results,
and the hope of three months ago, that
It would make ono of tho great gold
camps of tho country, arc rapidly becom
ing realties. Where four months ago
were three or four prospectors, numerous
coyotes and several bands of wild horsos.
there are now at least 400 people, and the
coyotes and wild horses aro making
themselves scarce.
"Two townsItes-Goldficld and Mllltown
-have been established and substantial
buildings aro being erected in each. A
telegraph and telephone lino is under
construction, and within a woek Goldfiold
?M1 bo .connected "-1th tho outside wor d
2ctddu yntly,on the mQE- Uncl Sam has
established tho postofflco of Goldfiold.
and location work has been done on 400
c a ms and tho same rccocrded in tho
district and with the Countv Clerk
"News baa Just reached Tonopah of a
new strlko of sensationally rich ore In the
Jumbo, but as tho telephone lino Is not
working yot tho report cannot be verl
fied.. Tho rumor is that tho strike was
iiiauo In the shaft and that two feet of
the oro is richer than any horctoforo en
countered In the Jumbo, though six' feet
of ore was recently struck In a drift on
tho vein which averaged above $600 to tho
ton clear across the face. The Jumbo Is
owned by Kcrnlck. Taylor and McClcl
mnd and a controlling interest Is under
bond to John Mnlvnnn thn 1. "r
operator, who is associated with Charlea
M. Schwab and other prominent capi
talists of tho Eost.
"Sinking the shaft on the Combination
s being pushed steadily and this youn
bonanza la maintaining its wonderful rec"
ord. There arc fow people oven in Gold
field who seeom to realize that the com
bination has a bettor record for tho no
nod and amount of development than
oven tho famous MIzpah of Tonopah in
sinking tho shaft eighty fceot a llttlo
more than $50,000 worth of oro, averaging
nearly $200 to the ton, was taken out and
most all has been marketed or la now on
the road. At tho SO-foot point in tho shaft
drifting both ways on the vein was start
ed. In one drift tho ore decreased In val
ue averaging less than $100 to the ton.
but In the other tho value of tho oro In
creased and avoraged about $300 to tho
ton. A crosscut was run, which showed
tho vein to be 11 fceot wide, and aa all tho
oro of Goldfiold is free milling In char
acter and tho values In gold. It can
roadlly bo seen that with such big veins
cres of a much lower grado would pav
handsomely.
"Tho area of the district with pay oro
has been greatly Increased by tho strlko
which was recently mado by Kano and
McMahon about four mllca northeast
from tho Jumbo. Tho ledgo on this prop
erty Is about tho samo slzo as that 01 theo
combination, and tho character of tho
oro appears identical. The rock pans
gold rreely and Indicates values at tho
present depth of $10 to $200 to tho ton.
Tho owners havo had no assays made, as
they say the pannlngs satisfy them of the
valuo of their find. They havo refused all
offors to put a price on the proporty, say
ing that If tho mlno is as valuable as thoy
believe thoy wan. It thomHolvcs, and If
it Is not valuablo they do not wish to foist
It unon others.
"Jame3 P. Hnrvoy, representing Patsy
Clark, tho mllllonalro mining man of tho
Northwest, has roturuod to Goldficld and
taken a bond on a groim adjoining Kane
and McMahon's and which is owned by
"Dlamondfleld Jack" Davis, Dr. Whlto
Wolf and company. This group has the
extension of Kano and McMahon'3 ledge,
and the fact that such a thorough miner
os Mr. Harvey has taken a bond upon It
for such a big price Indicates that bo has
much confidence in the values that de
velopment will show.
"Decidedly the most encouraging sign
In tho situation at Goldfiold Is tho ora of
leasing which has Just beeen Inaugurated.
It was leasing more than any othor agency
that mado Cririplo Creek and other great
camps, nnd tho leasers on tho MIzpah,
who produced $4,000,000 in a fow months,
mado Tonopah famous In a year when
otherwise It would have taken many times
that long. Tho properties of Goldlleld aro
principally owned by poor men and they
realize that tho leasing system offors tho
best solution of tho question of quick de
velopment. "Within the past weeko half a dozen
leases havn ben let and nearly every
one is In strong and capable hands. L.
L. Patrick. John Jones and Zeb Ken
dall havo taken a loaso on tho January
and February claims, adjoining tho Com
bination on tho west, and thoy oxpect to
catch the extension of tho latter's ledge.
Mr. Patrick Is tho man who secured the
year's bond calling for $75,000 on tho Com
bination four months ago when It was a
prospect. Tho first payment of $5000 I3
all that Mr. Patrick and associates will
havo to pay from their own pockets on
the Combination as tho full purchase
price has alraady been taken out with
five times that amount In olght and eight
months' tlmo boforo the final payment Is
due. It la this fact that makes him rea
lize that If ho can catch the Combination
vein, even a year's lcnso without bond
and 23 per cent royalty Is a good enough
thing when nothing better Is to be had.
"Tho other leases havo been given on
the Florcnco group, adjoining tho Combi
nation on tho southeast, and owned by
Keralck, Taylor, McClolland, Larkhart
and Parker tho latter being tho well
known railroad man of Donver. J. P
Sweonoy, formerly a well-known operator
of Cripple Crock, and Jack Hennessy of
Tonopah. took the first leaso on this
group. Cook brothers of the Nye County
bank, Tonopah, have a lease adjoining.
L. L. Patrick Sz Co. havo another and ono
was also taken by Rlggs, Collins & Llmo
of Goldfiold. Work on these leases will
not begin until about tho first of tho
month owing to tho papors having first
to bo sent to Mr. Parker at Denver for
his signature. It is confidently belloved
that many of these leases will soonstrlko
good oro and that It will result In 'many
promising prospects In this vicinity be
ing developed In like manner."
AT TAH-APEX.
Vigorous Campaign Being Prosecuted
by Management.
Tho Bulletin, telling of tho week at
Bingham, says: "Tho Utah-Apox group,
composed of tho old York, Agnc3-Dana,
Highland Boy Con. and Pctro groups of
claims, is giving a good account of Itself
thla winter nnd should soon bo num
bered among tho big outputters tho main
consideration now being economical trans
portation. Manager Orem Is not rushing
work this winter, but getting satisfactory
results wherovcr ground Is being opened.
The drift off from tho Parnell tunnel has
been In fine oro for somo distance, lat
terly having from four foot to a full face,
that gives avorage assays of C.5 copper,
40 Iron. 12 silica, 3 ounces silver and $3 In
gold. Thee York property Is said to bo
making a fine showing as tho result of
last year's work."
Park City Ore Shipments.
TRIBUNE SPECLVL-
Park City, Jan. 30. Tho shipments of
ore for tho past week wero as follows:
Daly West .3,139,000
Kearns-Kelth 155,000
Silver King 1.7SC.200
Total .6.19S.200
Tonopah. Stock Sales.
Transfers were recorded as follows on
the San Francisco board on Thursday last:
MIzpah Extension, 200 at 2Sc; Montana
Tonopah, 3CO at $l.42i; Paymaster, 4300 at
10312c; Rescue, 1GS0 at Gc; Belmont, 500 at
70c; Midway, 1C00 at 44c; North Star, 500
at 35c; Golden Anchor, 200 at 17c; Mac
Namara, 75 at 12513c.
Mining Notes..
The S-ccnt assessment on California of
Park City became delinquent last night.
Manager George H. Dcrn of tho Con.
Mercur came in from camp again last
night.
Tho Butler-Liberal of Bingham has two
cars of blgh-grado lead-silver ore at tho
sampler.
Tho assessment of cent a share on the
Old Susan of Tlntic became delinquent
yesterday,
E. G, Woolley, who has been In quaran
tine for several weeks, Is again visible on
brokers' row.
Tho Eagle S: Blue Bell of Tlntlc reported
at tho Bingham Con.'s furnaces during
v..u vij . ini wiwuu uuuaua ui ore.
Arrivals from Tlntlc report tho oro body
In the Tetro In flno condition, with a steady
volume of ore coming to tho surface..
The shareholders of the St Louls-Vassar
company will meet In special session on
Tuesday, when an effort will bo mado to
reorganize tho board of directors.
R. E. Strickland, who has returned
from the power plant of tho Columbus
Con. In LIlUo Cottonwood canvon, saya
tho work Is progressing to a completion
within the next thirty days.
Charlie Goodsell, aianager of tho Good
sell company's mines out of American
Fork, says that with tho reopening of tho
roads he will begin tho forwarding of ore
containing 69 ounces silver and 4S per cont
lead, with somo gold.
General Manager Otto Stalmann of tho
Glasgow & Western Exploration company
cn.-no In Friday night, after attending tho
annual mooting of shareholders at Glas
gow, Scotland, and promises news of In
terest to tho Novada camps In which his
company Is represented at a early day.
John Johnson, foreman of the Albion
Mining company's Alta properties, has re
turned to camp. The tunnel has now ad
vanced 1502 feet Into the zone, said Man
ager William Hatfield ye3terdav. and
with 1133 foot moro will tap trie main
channels at a depth of 1100 feet below tho
surface.
Whlto Pino News. Ely, Nov.: Work on
the new tunnel Laid out by D. N. Harper
on the Elk Horn mine, for tho develop
ment of a largo proportion of tho slxty
threo claims recently tied up by him Is
going steadily forward. Contractor Paul
1b said to bo making progress favorablo
to his end of the bargain. Copper oro of
a good grade was also encountered thl
woek.
IN THE DISTRICT COURT OF THE
United States for tho District of Utah.
In tho matter of David I. Gallagher, voL
bankrupt. In bankruptcy No. C65.
To the creditors of David I. Gallagher of
Salt Lake City, In tho county of Salt Laku
and district aforesaid, a bankrupt.
Notico Is hereby glvon that on tho ISth
day of January. 1904, tho said David I
Gallagher was duly adjudicated bankrupt!
and that the first meeting of his credltora
will bo held at my office1, In tho Commer
clal block, Salt Lako City, on the 9th day
of Fobruary, 1901, nt 10 o'clock In the fore
noon, at which time the said creditors
may attend, provo their claims, appoint
7l trustee, examine tho bankrupt and trans
act such other business as may properly
corao beforo said meeting,
CHARLES BALDWIN,
1. t . R$forco bi Bankruptcy.
bait Lako City, Jan, 29, 1904.
j" GARDNER SUNSTy
f m at little prices continues t-"!
; a m,t PPrtwt feature I k
M .the overcoats and all thei
I IYlTFf yCarS Up! SUbJect to vorl
II chfe at a founh or t
Mk W under re:ular price.
! Vlfe4 All vestee, blouse, 2.pitJ
j cW 3-plece, short-pants suits
all the long.pants suit
neat, dressy mixtures; all the long and s'ho
overcoats, in ail colors; and a fourth clirj '
off our regular low prices. '
i Orders By Mail Promptly Filled.
1,11 Hl
I Treat Diseases
- Men Only ! B
if and C Them g
r to : t
: . Stay Cured
I w. a. cook, m. d. ' Forever, as
1 &n
I Prostatic TroublesmSoo0 :"!rsp
j Nervous Debility Wlaip
Private Diseases STo? iSi"""p
I IRflnriiH! IPnieiara Radical euros In GO to 90 days. lWinzi
i OUUUU fiUilbOn move ALL poisons from the si
j without tho aid of mercury or BK
VA Olif OifKff IC Cured In one week safely wlltoutijy
j V r J WW W lU iU JD ting, danger or detention from buiJS
j by our own method. V07
TTOIf Tlf TDD Cured in five to fifteen days Tvfcjjfcnb5
Jl SXfiV' fl UJrvir cutting, stretching, pain or 1J of Etc
It is a marvelous cure. S"?
! DON'T DELAY-GOME TODAY. Pi
( I MAKE NO CHARGE for a friendly talk or correspondence, cJ"a 1
l to me-in the strictest confidence. I have been exclusively treating MjJ 0
J vale and speclul diseases of men for thirty yeary. Nothing sdtcrt iKy,1
J devise or money buy is lacking in my ofllce equipment I will
4 honestly, treat you skillfully and restore you to health in the iBkiS7(
r time, with the least medicines, discomfort and expense practicably & j
. guarantee to cure any case I undertake. If you cannot call, writfcirtft
my home cure. Br''1
116 South Main St., Salt lake CityM
; Hours: S a, m. to 3 p. m.; Sundays, 10 a. m, to 12:30 p. m. fElW1
j CONSULTATION In person or by letter. 2u
K FREE Charges moderate. a J
I Our entire stock of Colored 5tiff-Bbsom SMSgfl
I about 75 dozen all sizes, all sleeve lenjthyuj
I at actual cost of making.
I There are no better shirts S" pTlTP ninlfe&?
k This Is not old stock, but new M VvV I H lliw
F and fresh stock. Improve this BH $1.25 shirts for rjCI
h money-saving opportunity. Bfj ?lt50 shirts for wj1 80
When you have seen these Bu 51-75 shirts for ,
- goods you will appreciate their g0 ?2 shirts for. Wt5
I Richardson & Adadp
I 172 mnm street. 1