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The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, November 22, 1909, Image 8

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85058140/1909-11-22/ed-1/seq-8/

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8 THE HERALDREPUBLICAN SALT LAKE CITY UTAH MONDAY NOV 22 1909
r Mines and Mining i Stocks 1
KNIGHTS WORK IN
DUCK CREEK CAMPs
Is Extending Tunnel Started
by Smelter to Tap Lead
Veins
While little noise Is being made by the
owners of lead claims In McGill mining
district and while no apparent effort Is
being made to attract attention at this
time to the big lend prospecLq In that
distrIct work Is going ahead steadily on
a number of properties and the showIngs
t1at are being uncovered and tJpveloped
aI Quite satisfactory says the Ely Ex
positor
rhe Frederick tunnel owned by J F
Brim and Uncle Jesse Knight Is now
In 453 feet and It Is believed to be near
Ing ore bodies This tunnel was drIven
y the Steptoe Valley Smelting and lIn
Ing company and was destined to pierce
the hIgh hue cliffs back of the smelter
Plant to afford a channel for the waters
ot Duck creCle and deliver them to the
smelter plant
It was orIginally planned to drive the
tunnel entirely through the mountain
crk being carried on from each side
lll > tunnel was driven 400 feet and was
then abandoned by the smelter manage
ment who turned It over to the owners
of tIp mining claims through which It
was bEing driven at no cost to them The
only stipulation made It Is understood
was that the tunnel should be continued
11 a straight line and that the vropor
lions be maintained throughout Its entire
length
Gains Depth Rapidly
Since taking the tunnel from the smel
ter peopll the owners of the property
have driven It fifty feet making It 41iO
feet In length The tunnel gains one foot
of depth with every foot of length It
is equipped with a track and car and with
al1 automatic ventilator
The ground until this time has been
xeedlngly hard to work and the miners
l1ave been unable to gain more than one
foot for each shift It Is now assuming
a different character the lime breaking
In larger block and more deEply with
a h round until better time Is being
made
1 ie development of a big lead mine sa
CiOSO to the Steptoe valley smelting plant
arid 10 near the railroad with such splen
dul facilities for transportation to the
railroad wIIl cause a boom In the lead
rdustry In the county and will assure a
great output of the ores to the smelters
at Salt Lake valley The further de
plopitnt of the district will It Is be
l eyed result pventually in the establish
iurnt < f a lead stafk either by the Step
tDe Valley plant or by an Independent
grOIl of smpltrmen
BONANZA MINE NO I
TOWNSITE BOOM i I
Wells Family Content to Grind1 I
Out Fortune With Com i
mon Mortar
tI strike at Burgess just across the
n1omntairu from Mt Whitney station on
tn narrow gauge above etIer which
as firSt announced in the Owens Vat i
Jf Herald or last week Is typical of
Ilvo rlph oeyond compare and as Quiet
a church wedding Twentythousand
I liar rock has brought many men to
irgess seeking leass frum A Yo WelLs
th owner of the bonanza but no la8t3
it being let no townsite has been laid
r no respectable camp has even bfEon
td tttre yet the family possessing
I wonderful find are quietly mortaring
L fortune for themselves Last week
hd Irs Wells to Attorney A II
Swallow at Independence they took out
t thc rUde apparatus 800 In two
l1 o rl A 1 they have done awn better
t I th 11H are taktnb out enough
ti r11IS to pay all of their ex
1 t thEir obligations and arm
Hc i 1 snug nest egg The
1 1 > 1hr before they began
j > A CC cr gold
11 11s rurtLer stated that they
di I i 1 R fH on their ledge have
11 ft piP whloh average 400
a 1 ha Il Fd fifteen tons for snip
n Tncy are not prepared to let leases
a tI w bile many have been there to see
tl bonanza the fact that no leases are
I rg It has kept the amp small There
s no rush no boom nothing except gold
fml tint is what the VeIls want 1hy
t 110 boom They want gold And
I the seem to have in abundance
CRIPPLE CREEK MAKES
GOOD GOLD PRODUCTION
U olorado Springs Nov 21The October
gc1 output of tile Cripple Creel district
IS fJ360 toni of ore with a total but
I rr alue of 1n639 ThP average value
f nil ores treated was fQ3Q
ELY CENTRAL TO PROVE
MALIGNED TERRITORY
El Xcv Nov 21A report originating
ar Copper Flat Is that the Ely Central
Copper company began the exploration
WIth churn drills yesterday of that por
t on of the estate adjoining the big pit
fr the Nevada Consolidated which In Its
rcent attack on Ely Central the New
York Engineering and Mining Journal de
clared to be without value
a
SAIUEL R EEL CO
STOCK BROKERS
5 j Xewhouse lldl 3800 Res 1135Y
II
Expert Kodak Finishing
Shiplers commercial photographer
151 South Main st second floor
Thanksgiving Day Rates
VIa Oregon Short Line November 24
and 25 Limit Xovenlber 29 City
Teket Office 201 Main street
BREEDENj OffiCE TALK
If its for the office
Dresden hs it
TODAY
Pencil Sharpener
Every office needs one
n cuts down pencil ex
pense and saves a lot or
time Sharpening with a
knife Is passe since the
r a Sharpener Was
Introduced It puts a
good point on the pencil
without eating It up
HandY and economical
The U S 350
TELEPIiONES 729
reedenQfficeSupp1g yCo
6OWst 2ndSo
c
I i RRR
RAaWAYS BRADY nmtdZJ
CURES RHEUMATISM
1l newT alia to relieve even the moe aIub
bern tt3cks ot Rheunnt1sm Newulcln
IClacn Lwrtxign Pain In the eat or roo
IJeY150 Sore Musclea Spm1D9 and Stza11l3 and
will drive away ftII7 trace of BOrenen and
trtlCtned8 blither caused by unusual CUIf
eLse the etroJn of toll or by annoying eM
painful ttacka of Infhmm3tor7 41aeae Alt
Dru1sts RADWAY CO New Yak
Be a Traveling Salesman
Increase your power to convince
others earn from 1200 to 10000 a
year W R Trotter Is the only moan
teaching salesmanship who s roles
manager of a great wholesale house
and an official of the U C T Our
graduates hold paying positions nud
we can assist YOU to profitable em
ployment Ours Is the most practical
and most highly endorsed course In the
world
The Trotter School of Sales
manship
E B Houtz Local Mgr
517 Atlas Block
Salt Lake City
i
Stockholders Meeting
THE ANNUAL MEETING OF TIlE
Utah Ideal Mining company will be
held at 5 D m Monday evening Dec
6 1909 at 125 East First South street
WILL REES Secretary
New Millinery Monday
Onethird and half price
tEHESYS 15G Main st
New York Stocks
Boston Coppers
Chicago Grain
Utah Stocks
Badger Brothers
160lIAIN STREET
Branch OffIce EJureKR wan
Members Salt Lale Exchange
Direct Vires to all
lIarIets of the Vorld
Will Sell
18 KasvUle BrIck 95
4 Utah lex Rubber Cap 295
Will Buy
Elk Coal Shares
I
y iiji A ffmI
I I ffmIp p
I 1 ii j I o
oy imiv5
I
t
I
Ilji
DvQlaHT L
I Looking Backwards
Over years uf our laundry business
t there Is the satisfaction or knowing
I that we have steadily progressed
This result attained by Quality We
I use only Softened and Filtered Water
In the process
I
TROY LAUNDRY
The Laundrl of Quality
Both honz 191 166 Main Str
MEMBERS
saft Lake stoc > c and MIninm Fxc1tnllt
Denver Consolidated Siock Exchan
Rawblae 1011010 Stock Excnanl
Throckmorton Company
Brokers
tah Savings Trust Building
DEALERS
Government Hallway and Municipal
Bend Hank and Investment Stock
CORRESPONDENT3
New York ChIcago mian Francis
Rawhide Ton pah Goldtldl1 n02 at
I loclp1I chanli
t
I 1T l 11WII
i
5
I S
I M = a = fT I
S i I
J JzJ
i c J
I
4 iI t w j
s S tj 1 > < < 4 Jt
V 4A
S
t s
XTRAG00D j
I Mulletts Clothing Store
BIGGER AND BETTER THAN EVER
Be Sure Your Boys Suit
f is Xtragood
The Illtle fllm from 3 to 10 sometimes get tIme lead In the
way uf nood clothes
It5 not their fault It olllfll1t be the IDle if you mothers
bought XTltAGOOD clothe for them
XTItGOOD clothe make a oIlooklnJ boy of every boy
The difference Is In the clotbethtre not like other makes of
boys clothes
Trousers lined nn througii better worknlnnsllip nnd mote
rluh lent of room make XTltAGOOD the most reasonably
priced and satisfactory
De sure you stet nil XTRAGOUD suit this fall
Yhllt our lIubwa lIulclroomuorklngmeulI headquarter
Mullett othing
Company
III1Ir block west from JInin on Second South
Our Mail Order Department Is t bank account for every fain
always In working order Ily Investigate at once
W iIl 1ioi
I
I WEAK 1k NiET CURED CHEAP
I DISEASED MEN and SECRETLY
I
Without Pain Inconvenience or Loss of Time No Failures
I To Prove My New System I Offer for So
Short Time My Zervices at a Email Cost
11 FROM 200 TOSsA j COURSE
I VARICOSE LOST VITALITY
Vnntted Velons Cured 1n a few weeks
Etiiitiu y taijo Improvement train the
I Cured by absorption no IItart It you suffer from
pain The enlarged veins loss of energy and ambi
t are due to mumps bl ton feel tired when you
1 cycle or horseback rid arise In the morning
InS disease etc in time lame back dizziness
I ft weakens a man men 4j spots before the eyes
tally aa well as phYllc1 amid feel you are not the
I Iy 1 We will cure you for 4 man you once were 110
life or mak3 fti charge will CUro you for life
PRICES ALWAYS NO INCURABLE
I REASONABLE CASES ACCEPTED
I will give the poorest There Is no risk for I
man a chance L well ac do not treat Incurable
the rich to receive a cure case under MY consld
from me at a maU cost eratlon I DO NOT EX
THERE IS NO fAN x PERIMEOT NOR USE
TOO POOR TO GET MY INJURIOUS DRUGS TO
I BEST OPINION FREE RUIN YOUR SYSTEM
i Dont Let Money Matters or False Pride Keep You Away I
Cure Forever Cases of
VARICOSE VEINS BLOOD DISEASES LOST VITALITY PILES ECZE
I MA FALLING HAIR FAILING MEMORY OBSTRUCTIONS NERVOUS
KIDNEY AND BLADDER AILMENTS
Any man who wants to be cured now that I have offered my services at
such LOW PRICES hlll no excuse for autrerlng another day I dont care
who has failed It you come to me I will CURE you of any ot the above
I named aliments or not charge you one penny for my services Don give up
before seeing me
I Can and see me It you can Write tOday for particular If you can not
call Medicines are from 160 to 660 a course
I DAILY HOURS 9 to 8 CONSULTATION FREE SUNDAYS 10 to 12
I SALT LAKE MENS MEDICAL INSTITUTE
19t South Main Street Salt Lake City Utah
rt
A MOTH
3 3
I Medicines Free j
I To AI Vo Ary at OneI
II I I ForaiicatarrImaIciironicdiseae
and Lung Trmmbles until
A Special Offer This Week
To IntrOilnee thSr E trent
mcnt qnlkJ 111 IIToe Its HUpf
I iOrIUCr1tOYerflllflflICrMDl
Shores vill till week treat nil n
I turrhti flhenllH of every minnie nllll S
untllr fer the Jon lee of 3 It 1
month mefllntK free We maintain a
tirr Trar in niiri Separate Depart
WE TREAT AfHJ CURE ment for all pri
DISEASES OP TIlE STOMA vate diseases and
LIVflR BOWELS KIDNEYS SKIN weaknesses of
DISEASES I PILY PSY PILES men vt au
FISTCLA AND ALL CURABLE l U canno secure e se
1 ll I
e
1ERVOrS CHHONIC AND PHI e e oest 1osSiule cost
Ta V MEN WOMEN or a urea so ute Cures guar
VATE DISEASES 01
V t I J 0 Il I f
MEN AND CHILDTIB an e rpec e o ces tat you
need not be ashamed to visityet
All Examinations FREE the utmost privacy is assured you
a UIUU1UL1UMa Personal treatment by Drs shores
Office HourRVeek days 3 a m no cheap hired doctors
to 5 p m evenIngs 7 to S p m CURE TO STAY CUllED
Sunday 10 a rn to 12 noon
LOST MANHOOD SEXUAL WEAK
II t Home Cures hy Mail 1 NESS ED DISEASES VARICOCELE DISCHARGES CONTRACT
llHIT It ou live Ollt of town SPECIFIC BLOOD POISON WAST
Ill for free symptom lid ING DRAINS ETC and all pri
I Drs ctTAppc1 vate diseasesand you pay in
lJjo wJapJ w PJlJVIJiI small weekly
or monthly Install
EXPERT PEIALISTS ments as time case progresses r
249 Main Street UllllOlte Keith you may PAY WhEN CURED In I
I 4 OlIrle04 Snit Lake City all ririvate diseases
wn wa
I
I I
SBiD Us BEFORE M VINO
I J C Watson Transfer CO I
The Ieos Wh T1eat You nw
W 0 Waton Manager
Inti nIB Bell 3468
I
1
EatabUahed l4L m OUlou
The Oldest and Lart
RGDUNCO
GEORGE RUST General Manatz
Utah Idaho Wyoming and Nevada
I Offices 111 Progress Building Salt Lake
CIty
H
o
PROBATE AND GUARDIANSHIP
NOTICES
Consult co nty clerk or the respective
signers for f Irther Information
IX THE JISTRICT COURT PRO
bate division In and for Salt Lake coun
ty rtah In thc matter of the estate ot
Adele Carney deceased NctIceThe pe
tition ot W Barrette administrator ot
the estate 0 Adele Carney deceased
praying for 1 Ie distribution ot the reel
due of said e ate to the perOfl6 entitled
has been set for hearing on Friday the
3d day of D ember A D lOO9 at l
oclock p m at the county court house
In the court toni of saId court in Salt
Lake City S It Lake county Utah
Witness th clerk of saId court with
the seal then if affixed this 15th day ot
1ovfmbtr A D lS09
1IARGA RET ZANE W1TCHER
Seal Clerk
By L P PImaI Deputy Clerk
Henderson PIerce Critchlow Bar
rette Attorne S for Petitioner
IN THE IISTRICT COURT PRO
bate di Ision n and for Salt Lake coun
ty Stat of 1 tah In the matter of the
state of Mar caret Green deceasedNo
tlcaThe
The petition Qt William Green praying
for the Issu1 ce to himself of letters ot
adminlstratlor In the estate of Iargarct
Green deceaf d has been set for hear
Ing on Frlda the 3d day of December
A D 1909 at oclock p m at the coun
ty court boos In the court room ot said
court In Salt Lake City Salt Lake coun
ty Utah
Witness thi lark ot said court with
the seal therl If affixed this 19th day ot
November A D 1905 j
IARGA1 ET ZANE W1TCHER
Seal Clerk
ny L P Pa mer Deputy Clerk
G H Backr an Attorney for Petitioner
Is THE IISTRICT COURT PRO
bate division n and for Salt Lake coun
ty State of 1 tab In the matter of tne
estate ot Mars Heberer deceaeedNotle
The petition of Charles Heberer pra
lag for the is uance to Nettle Newcompr
of letters of dmlnlstraUon In the eetat
ot Man Heb < reI deceased has been st
fur hearIng OJ Friday the 3d day of be
cember Ar 3909 at 2 oclock p m
at the count court bouse In the court
room of said court In Salt Lake City
Salt Lake cot ty Utah
Witness the clerk of said court with
time seal then If affixed this 19th day of
November A D 1900
MARGA ET ZANE WITCHER
Seal Clerk
By L P Pa nero Deputy Clerk
N J Sheck 11 Attorney for Petitioner
IN THE I ISTRICT COURT PRO
bate divisIon 1 and for Salt Lake county
state of Utah In the matter of the es
tate and gua dlanshlp ot Franz Jungk
Incompetent Notice
The petition If Justus Jungk the guard
Ian of the per on and the estllte ot Franz
Jungko Incoml > ttnt praying for an frdr
of sale of pars nal property of said in com
potent and 1 lat all persons InterestfLl
appear before the said court to show
cause why an rder should not be granted
to sell so mw fl as shall be necessary of
the following escrlbed personal estate ot
said IncomPft nt to wit
Three hundl d and eventyflve shar
oC the capita stock ot the Cumberlarl
Eb Mining c mpany
Also for app oval and settlement of thl
second aecour has been set for hearing
on Friday th 26th day ot November A
D 1009 at 2 clock p m at the counts
court IQuse n the court room of sad
court In Salt 4ske City Salt Lake coun
ty Utah
Vltllet the clerk ot said court wuh
the sa1 there f affixed this 13tb day of
1ovemler A D 1909
MARciA ET ZANE WITCHER
Seal Clerk
By L P PI mer Deputy Clerk
R A IeBr < 1m Attorney for Guardia
IN THE 3 ISTRICT COURT PRO
bate division n and for Salt Lake county
ty state of 1 ah In the matter or 111
estate ot Mar Judge decea8edNotke
The petition It J Frank Judge praying
for the Issual e to himself of letters tf
administration In the estate ot Mari
Judge deceas I has been set for hearw
on Friday thE 3d day or December A r
19i9 at 2 oc Cle p m at the count
court house 1 the court room of call
court in Salt ake City Salt Lake coun
ty Utah
Witness the clerk of said court WIt
the seal there r affixed tbls11th day f
November A 3 1001
MARGA ET ZANE WTCHER I
Seal Clerk
SealL P Pal nero Deputy Clerk
Bradley Pie < rrel Harkness attomp 5
for petitioner
IN THE r STRICT COURT PR
bate division i I and for Salt Lake coun
Utah In the matter ot the estate r
lilaILl S Ste JheDson deceased NoW
The petition of Julius Stephenson A
minlstrator of the estate of Villard
Stephenson de eased praying for the srt
tlpment or fn li account of said Julirt
StEphen on a mlnlstrator and for tit
distribution of the residue of said est811
to the persons entitled has bEen Sit fnf4
hearing on VI day the 2tb daY or No
vember A D 1909 at 2 oclock p m at
thE county con 1 house In the court room
of said court in Salt Lake City Sait
Lake county tah
ltnss the clerk of said court wit
the coal there t affixed this 8th day o
wember A 1909
IARGAI ET ZANE VITCHFR
Semi Clerk
By L P pa mer Deputy Clerk
G HBekm n Attorney for Petltlonr
i THE D STRICT COURT PRO
bate division i 1 and for Salt Lake COU1
ty rtah In 1 Ie matter of the estate r
Elizabprh Eva s Watson decea5edN1
lice The petltbn If Elias C Evans admin
Istrator of the estate of Elizabeth Eval g
Watson 4ca ed praying for the st
tlemtnt o acount of said ElhF fe
Evans admlnl trator and for the distr
butlon of ths residue of said estate
the persons e titled and for lIschar
of admInlftrat r has been set for hea
Ing on Friday the 3d day of Decemb
A D 1919 at 2 odock p m at tJ
county court I wee In the court room t
Bald court in alt Lake City Salt Lat >
county Utah
Witness the lerk of said court wih
the seal there affixed this litb day o
November A 1909
MARGA ET ZANE WITtHER
Seal Clerk
By L P Pal icr Deputy Clerk
Tanner T nner attorneys for ptI
tloner
IN THE I STRICT COURT PR I
bate dlvlsln 1 and for Salt Lake cc >
ty State of l ah In the mattttr of t
estate of Lyd 1 Ann Clayton fhatlh
deceasEdNot e
The petition t Clayton Irwin That h 01
praying for t e Issuance to himself f
icttets of adm 11stratlon In the estate r
Lydia Ann < 1llyton Thatcher deceas
I has been set f ir hearing on Friday n
3d day of De embEr A D 9911 at
i odock p m t the county court hOlls
I in the court r om of said court In Salt
Lake City Sal Lake county Utah
Witness the lerk of said court Wit Ii
the sal there affIxed this 18th day vI
November A 1509
MARGAR iT ZANE WITCHER
Sa Clerk
By L P Pal IeI Deputy Clerk
Tanner T nner Attorneys for PeLt
tloner
Notice
NOTICE IS HEREBY GIVEN THAT
at a meetIng If the board or dlrect1
of the Gordon Mining and Milling con
pan held at salt Lake City Utah u 1
FrIday the 121 1 day of November I J
an assessment of two dollars per thlltl
sand shares as levied on the capital
stock of said c rporation Issued and ott
standing pBo Ie In two Installment
namely Oneh If of said assessment pa
able on or be ore the 20th day of 1 >
comber 1905 nd the remaining port I
of said assess lent payable on or bro I
the 15th day f January 1910 to A
Fowl secret ry of saId corporation t
his office NI 218 South Main strf T
Salt Lake Cit Utah Any stock UPO
which said a essment or any prort
thereof shall I 3maln unpaid on the 15t
day of Januar t lHO wIll become dIll
qutnt and un ess payment Is mad > > I
fore will be dvertlsed for sale and
many shares 0 each parcel of sucl Sl K
as mar be nee Mary will be sold on Sat
urday the Uh day of February 1910 p2
3 odock p m of said day at the offJ
of the secret ry No 218 South Mlll
street Salt L te City Utah to pay tl
said aS8essmel t costs of advertising and
expe15e of sal A S FOWLER
Secretary of t e said Gordon Mining al
Milling Coml my
Read Hera Republican Want
RYAN BIG MAN IN I I
COPPER INDUSTRY
Will Be at Head of Copper
Consolidation Is Predic
tion in BOston
Boston Nov 211n all that Is tak
Ing place among the copper Interests
lookIng to the formulation of plans
whereby the price of the metal may
be Improved and reckless and unprofit
able competition among selling Inter
ests eliminated the name of John D
Ran is most frequently heard There
are few bigger menas Wall street
reckons blgn089ln the copper busi
ness today and those who Inow him
best state that his big achievements
are yet to be recorded
His frIends point out that a certaIn
prophetic significance attaches to the
Initials J D n and that the
achievements of John D Rockefeller
In oil may he partially duplicated at
least by John D Ryan In copper
It cannot be denied that abundant
success has follcwed almost every en
terprIse with which Mr Rans name
has been Identified Take for In
stance International Smelting That
company was organized only a year
ago and the stock placed among a
limited few at 100 per share Today
It Is 160 bid and that prIce would be
paid by one party for 000 shares
Brokers who are seeking offerIngs of
the stock tell us that they can find
only twenty shares offered and the of
fering price 15 190 Mr Ryan has
privately declared the stock to be
worth 200 a share today it is earnIng
15 per cent and his Immediate asso
cIates have not a share to sell
Then there Is the National Copper
bank That Institution was organIze
about two years ago by Mr Ran and
his copper associates the stock being
put on the market at 205 a share
The Institution Is nosv to amalgamate
With the Mechanics bank of New Yore
the consolidated hank to have deposits
of 60000000 National Copper bank
stock can be sold today for 5320 and
the holder ot 100 shares has the Wiv
liege of subscribing for fifty shares
ot the new bank at 2OO a share
Would Save Millions
Mr Han has been chosen to suc
ceed Henry II Hoers as the president
of the Amalgamated Copper company
and he Is today working day and night
to devIse perfect and carry Into execu
tion some safe and sane plan Which
will save millions to the producers of
copper and conserve the resources or
this raw materIal so essential too mod
ern civilization
When the last chapter concernIng all
that Is now taking place In Important
copper cIrcles In New York Is written
It wIll be found that the Inspiration of
whatever scheme Is finally adopted had
its beginnings In the efforts of Mr
Ryan to remedy present cODdltions
and It a new copper consolidation Is
formed it Is safe to predict that 1111
Ryan will be Its executive head
NEW TUNNEL WILL
HELP CENTENNIAL
Saving of 15000 a Year Is
EstimateDragon Iron
Again Producing
Eureka Nov 1Superlntendent R A
Brown or the Centennial Eureka mine In
forms the Eureka Reporter that the 3000
foot tunnel which Is to tap the shaft
of that mille at n depth of about 500 feet
will be completed next April Already
over 000 feet ot tunnel work has been
fInished With the completion or this big
tunnel some Important changes will take
place at the Centennial Eureka mine As
previously stated the tunnel will furnish
an outlet for the heavy tonnage of ore
which the mine is shipping Water hav
ing been encountered the Centennial Eu
reka finds It necessary to put In a large
pumping plant and the tunnel will cut
off 500 feet of the distance that the pumps
will be called upon to lIft the water In
getting It to the surface
Time company will purchase and Install
a bIg power plant for the operation of
pumps compressor and cars which will
be used In the tunnel and this power
plant will be located upon the ground
which the company has recently pur
chased near the entrance to the big tun
nel The carpenter shop and perhaps the
office and other buildings will be moved
from the mIne and rebuilt at the mouth
of the tunnel It Is estimated that op
era tin through the tunnel doing away
with the tramway and cutting off the ex
pease hauling timber etc to the mine
will result in a saving of about 1000
each year
Dragon Ships Iron Ore
The Dragon Iron mine at Silver City
has again commenced shipping iron ore
to the United States smelter The first
lot of ore to be shIpped under the con
tract which was recently signed went out
the early part of the week and It is gen
erally understood that shipments will be
sent out regularly from the mine in the
future although ilanager L E Riter
Is unable to state just what amount ot
ore the smelting company will be able
to use at this time With the Dragon I I
company It is just 11 question of how i
much Iron ore the smeller can handle
as the amine la able to ship almost any
amount the deposits of Iron having been
opened up In such a manner that a very
heavy tonnage can be sent out for an
Indefinite period
During the past week the Dragon sent
out fifteen carloads or ore and the out
put for next week will no doubt be larger
B H Bullock manager of the Bullock
mine was In the distrIct on Monday and
Tuesday accompanied by hIs brother Jo
seph Bullock aniT William Price both ot
Provo examining the new strike at the
Bullock minI Mr Price said that the
entire face of the drift was In splendid
ore He stretched a tape over the face
of the drift and said that the vein of ore
measured 4 feet 6 Inches across and as
lIar he could determine the drift Is cut
ting through the top of the ore which
will undoubtedly widen out with depth
About a carload of this ore has been
taken out since the strike was made and
Manager Bullock Is ot the opinion that
the ore will run high In silver with fall
values In copper The ore was encoun
tered while a drift was being run toward
the north on what is known as the But
lock veIn
Eagle to Ship New Ore
Superintendent WIlliam Owens oC the
Eagle Blue Bell mine says that the
engine has been Installed upon the 1000
level and within the next day or two the
work of sInking from the 1100 to the
1200 level will be commenced In the
Eagle Blue Bell splendid ore deposits
have recently been opened up at a depth
of 1100 feet and the engine will be used
In lifting this ore to the 1000 level from
which point It will be hoisted to the sur
face through the maIn shaft The ore
I has opened up strong on the lower lev
els of the Eage and Increased shipments
will no doubt be ill order
Work has again been taken uP at th
property of the Southern Swansea com
pany south of Silver City ThIs ground
undoubtedly contaIns the southerI1 exten
sion of the old Swnnseaeln and while
work was being carried on there early
In the year a small stringer of good ore
was encountered E R Higgenson or
SlIver City who Is looking after the lI
velopment or the property at this time
Is drifting both north antI south upon the
vein at a depth or140 feet
COPPER COMBINE
ASSUMING FORM
MarKet Value of Securities
Said to Be Assured Is Half
Billion
According to wellInformed Interests
negotiations looking toward a merger ot
many of the leading copper properties are
progressing satisfactorily So tar there
has been no hitch and a basIs of ex
cnange In the case or a number of prop
ertlls has been virtually agreed upon
says the Wall Street Journal
Eliminating all otner groups with the
xcepUon or Amalgamated Copper the
ColeHyan properties and the Guggenheim
interests the consolidated company would
control over iDuOWOW pounas ot copper
annually as tOllows
Pounds
Company per year
Amalgamated 10OVOOOO
Colehan OOJOOWI
Guggenheims 5000000
United Metals Selling ColWUOOIJIJ
Total 783000000
Excess copper over that of Amalga
mated and Col Ran properties
Thu combination wOUld take in what are
known as the lowcost protlucer par
ticularly Utah Copper and Nevada Con
solidated The latter recently absorbed
the CumberlandEly
According to one Interest the cost of
producing copper by the combination
would not exceed 9 cents a pound Many
ot the ColeHan properties can produce
copper In the neighborhood of J cents
a pound and the Boston Iontnnas
cost does not exceed that figure by a
wIde margin As a matter of fact the
latter company recently produced the
metal as low as 8 cents a pound
To Reduce Operating Costs
Development work at the Amalgamated
mines Is expected to still further re
duce operating costs The Nevada Con
solidated early next year will be turning
out In the neighborhood of 75000000 pounds
a year as a cost estimated at 7Y cents
a pound The Utah Copper company Is
producing WOOJOIJ pounds a year at a
cost of close to 8 cents a pound
It a merger of the three groups In ques
tion Is effected the following prominent
mines would be Included
Annual
Company production lbs
Boston Montana OOOOOO
Anaconda 8000000
North Butte 45000000
Vashoe 13000000
Butte Coalition 45000000
Nevada Consolidated 75000000 I
Utah Copper 65000000
Butte Boston 11000000
GrCfneCanane QOOOOooo
I
Utah Consolidated 1i000000
Superior Plttsburg OOOOOO
Calumet Arizona 30000000 i I
Total 562000000
It should not be Inferred that the above
properties will be the only l companies to
join In the combination There Is a pos
sibilIty that the PhelpsDodge properties
Clark properties and the porphyry proper
ties will also be Included However no
definite statement In this respect can be
made at this time
The plan Involves the taking over of the
International Smelting and Refining com
pany as well as the United Metals Sell
Ing company The International Smelt
ing and RefIning company Owns the
largest refiner of its kind In the world
and refines close to 330000000 pounds ot
copper a year
The American Smelting and Refining
company last year handled approximately
190009000 pounds uf copper and as a re
sult ot the Increased production of the
Nevada Consolidated Utah Copper Cum
bprlnnd Ely and otjter mines It will han
dip a much larger amount in the current
year
The combIned capitalization of the
subsidiary companies oC the consolidation
providing only the AmalgamatEd Cole
Ryan and Guggenheim properties are In
cluded would be approximately 29SW7400
with a present market valuation or 500
iOSOOOHalf
Half Billion Combined Value
The following table gives the possible
subsidiary companies of the combination
theIr outstanding capitalization par value
and market valuation
Capital Par Market
Company outstanding value value
Int S Ref 110030000 100 17000000
Amalg153857000 100 IHOOO
Anaconda toOOOOOO 25 00000000
Utah Cons 1500000 5 13i2iOOO
Utah Copper 7239500 10 42830000
Nevada Cons 10000000 5 5700000
Butte Coalition 15OOO00Q 15 31000000
Cal Ariz 2000001 10 QOOOOO
Giroux 6800000 5 3foo000
GreeneCan 46450000 20 31250000
North Butte 6000000 15 SOOOOO
Sup PItts 15000000 10 25500000
rn M Sell Co 50iO000 100 20000000
Totals Sroj400 500703000
It will be observed from the above that
the stocks of all the copper companies
with the exception of Amalgamated and
GreeneCananen have a market valuation
In excess of par valuation Should the
varIous companies consolidate on a basis
of present valuation the merged com
pany would have a capital stock close to
half a billion dollars The Anaconda Cop
per company Is mentioned In the above
list for the reason that while It Is re
garded as a subsidiary of the Amalga
mated the latter owns only 55 or 60 per
CEnt of the capital stock of 3000001
The consolidated company it Is believed
will make a bid for certain other mines
including Ray Consolidated and other
porphyry mines
The statement was made today that
negotiations had passed the preliminary
stage antI that no difficulty would be ex
perIenced In makl1j an exchange of
stocks for those of the consolidated com
pany
MONEY MARKETS
ARE IMPROVING
Growth of Confidence in Fu
ture Betterments a Feature
of the Week
I
BANK RESERVES INCREASED
BIG DEALS INCITE ACTIVE SPEC
ULATION IN SECURITIES
New York Nov 21Tl1e position of
money markets was bettered last week
and there was a growth of confidence
In future bettennents The way thus was
opened to a revival of activity In the
stock market and speculation was gal
vanized with Important fInancIal project
some of them actually promoted and
others rumored
The New York money market was dl
rpctly benefited by the building up of
surplus reserves of balks the week be
fore The severe loan contraction was
not wholly understood as Its influence
had not been reflEcted in the stock mar
ket by any corresponding liquidation The
taking over of loans by sdveral of the
largest of the corporations was ascribed
as the princIpal source ot relief for the
banks
Weekly returns of great foreign banks I
s owed such progress In the desired lI
plenlshment of reserves that a relaxa
tion of efforts In that direction was count
ed upon and possiblY some reaction In
money rates
The formal action committing the Brit
Ish lords to a demand for reference ot
the BrItish budget to a general election
came In as a modifying factor Markets
were not greatly disturbed by the de
cIsIon of the lords but the Bank or Eng
land Is expected to maintain Its reserves
owing to the necessity for heavy govern
ment loans Involved In the postponement
or the budget The British banks Im
provement also Is understood to be large
ly due to gold loans from the Bank of
France which are hedged with exaction
as to the time and manner oC repay
ment
Definite rumors of a combination of
most Important copper producers were
admittedly well founded and Incited the
active speculation In that group ot se
curIties
The AmerIcan Telephone Telegraph
companys announcement of purchase oC
control of the West rn Union gave addi
tional credence In brklng out Important
deals
Several bond issues were announced
last week Including the long expected
Missouri Pacific financing Retu1dlng re
Quirements account for a part oC those
issues and terms on which they are of
fered are not free from Indications of
the high price whlth must be paid to en
list new capital
IRON AND STEEL
New York Nov 21The principal fea
tures of International pIg Iron last week
were sales ot speculative Alabama Iron
at a decline of 50 cents to 1 a ton
and large transactions in basic Iron at
cencessions In eastern Pennsylvania
Northern Iron also sold at concessions
for this years shipment Aggregate sales
of foundry Iron In the eastern territory
were liooo to 30000 tons Sales or basic
aggregated 50000 tons at J8ro to 19 de
livered
Car orders have been heavy aggre
gating liOOi Wire products continue ac
tive and heavy specifications for sheet
and tin plate have been Induced by the
recent advance of 10 cents a box n
plates and I to 3 a ton on sheets
Structural orders aggregated about 25000
tons

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