davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22

Chicago, Dec. 2i.-The failure of the
National Bank of Illinois and the ap-
prehension it created, was a deoress-
ing influence in the wheat market this
morning. Prices receded almost a
cent lower than they closed on Satur-
day, but on the firmness reported at
Liverpool and lighter worlds ship
ments, a moderate recovery took Dlace-
There was not a large trade, but the
feeling was nervous. The worlds ship
ments aggregated 1874, COO bushels,
about 2,000 0eN less than last week.
The amount on ocean passage de-
creased $4,000 bushels. There was an
increase in Liverpool stocks of about
200, 900 bushels. Receipts in the north
west were 563 cars against $40 last
Monday and 800 a year ago. Chicago
received SO cars and inspected out 10S,-
1896 bushels. The American visible sup
ply increased $4,000 bushels, and the
English visible supply gained $4,000
bushels. The market strengthened
shortly before noon, and good adj
vance was then made The repor-ed
sale of so loads at the seaboard for
export had something to do with de-
veloping the firmness. Export clear
ances were light at 265,S15 bushels.
Closing continental cables were higher.
May wheat opened from 79@79A. adj
vanced to sOA, closing at 79ss@79%, IL
cent under Saturday. Receipts for to-
morrow, SO cars. No. 2. red. spot wheat
ranged from IS to 1914, closing about
SS9s GSS$.
Oats-An easier tone prevailed in
oats early, the action of wheat and
corn rendering firmness out of the
question. Receipts were 345 cars. There
were no Withdrawals from stock. Elk
port clearances amounted to 1854
bushels. The visible supply increased
1,075000 bushels. When wheat rallied,
oats made a recovery. May oats closed
a shade under Saturday. Estimated
receipts for tomorrow $40 cars.
Observation-Disclosures in product
was obtained from the hog market in
which sc. advance took place. Only
slow holiday business was transacted.
At the close May pork and ribs were
unchanged and May lard shade
lower.
Closing Prices: Wheat-December
1865; May, 79ss@79A; July. 74A.
Corn-December, 225s; January, 221s;
May. 251s.
Oats-December. 161k; May, 1885 @19&.
Pork-January. 1919; May, 7.95.
Lard-January. 1885,; Nav, 4.021a.
Ribs-January, 3.S5; May, 4.021s.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
HARRY JOSEPH RETURNS.
Placed 100000 Lower Mammoth
While East.

Harry Joseph returned from his trip
to the east yesterday. where he has
been for some weeks. dividing his time
in calling on Major Mckinley and dis
posing of 10000 shares of the treasury
stock Of the Lower Mammoth. No
matter how successful he may have
been with the next president, it is GER
tain he did well with the stock. as he
disposed of the entire lot to eastern
buvers at 80 cents per share
The Lower Mammoth joins on the
Ajax and is considered a good prop
erty. Considerable development work
Sss been done. a tunnel $50 feet having
been run. other work will now be
prosecuted with the funds obtained
from the sale of this treasury stock
ard the workings viii be enlarged
Ta pidIv. Considering the location, the
owners of the mine believe they have
as good a property as there IS m the
district. work being given due promin-
ence. Recent strikes in the Ajax and
the Mammoth justify the belief that
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22

tunes and staunch financial conditions
IN IT'S wake There is no reason. as Vet
70 doubt that relief McKinley's adj
minlstration, or rather his election.
cannon prevent results of misrnanage-
iIieht Nothing can secure a situation
IN winch bad loans and bad manage
t ,'lene seneraly are at fault 1t would
be unjust to say that the temporarr, ,Sis,-
qulet IS confirmed to all the banks de-
pendent on and clearing through the
National Bank of Illinois. because there
are some sound banks among the num-
per which survive the ordeal. 1t can
NOT be denied that these failures viii
nave discouraging effect. They ce~-
fanny VIII not be conducive to any
sooo- Ihe~e is something gained. how
ton is out of the wav.''
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
ALLISON MAY HAVE IT.
LATEST GOSSIP ABOUT THE SEC
RETARYSHIP.
Mckinley Said to Be Meeting. With
Very Poor Success In His Efforts
to Distribute Official Plums.

New York, Dec. 21.-A Times special
from Washington says: IF Senator
Allison desires the post he may be the
secretary of state in the Mckinley ad-
ministration.
He has in his possession a letter,
written bv one of his close political
friends, asking him whether he would
accept the state portfolio if it should
be offered him.
This letter was written by authority
of Major Mckinley, and if Allison's
reply is favorable a formal tender of
the chief place in the cabinet will fol-
low Immediately.
1t seems that Major Mckinley has
met with such poor success thus far
in distributing cabinet places that he
has promised not to make any more
offers until he is sure they will be ac-
cepted.
He asked Mark Hanna to become
secretary of the treasury, but Hanna
declined. Then the place was rendered
to Representative Dingley of Maine,
who has not yet signified his accept
ance.
Senator Allison, it is believed, was
Major McKinley's first choice for secre-
tary of state. 1t was reported some
been offered 70 Senator Sherman, but
later DEVELOPMENTS tend to show that
there was no foundation for this re-
port. It is now said that Mr.. McKin-
ley has not considered any other name
than Allison's in connection with the
state portfolio Soon after the election
he invited Allison to come to Canton.
but the Iowa senator could not accept
the invitation on account of illness.
Recently Major Mckinley requested
one of Allison's most intimate friends
to write him and sound his mind on
entering the cabinet as head of the
state department. The letter was for
warded one day last week and a reply
is expected some time this week.
Opinion is much divided as to whether
it will be favorable or not 1t is be-
lieved, though, that If the senator feels
himself physically equal to the task of
assuming the arduous duties of the
Office, he viii accept it.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
MERCUR ALL RIGHT.
John Dern and Dorsey Return From
a Trip.

a TIP
President John Dern is back from an
inspection of the workings of the Mer-
cur. and other properties in Mercur
district. where he has been for two
or three days in company with Hon.
G.. w. Z. Dorsey. This is the first time
he has been at the mine for seven
months and is the first opportunity he
has had of observing the workings OF
the new superintendent. Mr.. Edwards.
He is highly pleased with the condition
of affairs and does not hesitate TO ex-
press his qualification.
While away he and Mr.. Dorsey also
looked over several properties in the
district, notably the Brickyard. the
Rover and the Overland. The latter
has 400 feet of ore blocked out and is in
excellent condition. According to Mr..
Dorsey. the condition of the latter
warrants the erection of a mill at
once. The Sunshine and the Malvern
mines have arranged for more men
at once and the new force will doubt
less go to work after the first of the
year; possibly sooner. The camp is
looking better than ever. The Gold
Dust and the Brickyard are ready for
mills right now and they will be
erected SOON
This condition of affairs indicates
that Mercur is doing finely and that
it is a camp which will add greatly to
the wealth of the state in the immedi-
ate future.
While down there the two gentle
men took d look at some of the prop
critics ON the west dip and assert there
has been a good showing made in sew
eral and that good mines will develop
there soon.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
WALL STREET.
Governments Firmer, State Bonds
Quiet. Railroads Irregular.

New York, Dec. 21.-Money on call
easy at 1902 per cent; last loan 2,
closing offered at 3 Prime mercantile
paper 1901 per cent
Mexican dollars 5024 G51A-
Sterling exchange steady; actual
business in bankers bills 4.S3A Qf.Si
for 60-days' and 4.S7A Q4S713 for de-
mand. Posted rates 4.S41s@4.SS. Com
mercial bills i.S215@4.S3A.
Bonds: Government, firmer; state,
quiet, railroad irregular.
The opening prices were generally
higher though Manhattan broke 2l2
per cent, the litigation just brought
by a bondholder having been taken adj
vantage of by the bearish contingent
to force liquidation Consolidated Gas
of New York broke 3 on the circula-
ton of stories of adverse legislation at
Albany this winter, and Sugar ran OFF
on the talk about aggressive action by
the Arbuckles, but the ground lost was
held fairly well. In the afternoon,
when it was announced that the SEN
ate had postponed action on the
Cameron resolution, local operators
promptly changed from the bear to the
bull side, and the new buying led to a
sharp rise in the active specialties.
Manhattan was the great feature,
rising to go The Changers. l.. & n.
Reading, Southern Railway preferred,
Western Union, Chicago Gas, Rubber,
Tobacco and Leather preferred were
all prominent. The advance brought
about realizing sales in the last hou-
of trading. but in the final transactions
the market was firm in tone. Net
changes show gains of AG15s per cent.
Total sales were 237,5SS shares. An in
teresting incident of the day was the
sale of block of $1,00O.000 u. S. As of
1925 by E. H. Hartman & Co., to
Harvey Fisk's Son at 119. 1t is under
stood that the purchasers have already
placed a round amount of the bonds
with investors.
Bonds were irregular. but in the main
firm. Total sales aggregated $1,700. 900.
Oregon Short Line 6s certificates. l.;
Utah Southern extension IS certifi-
Gates. 2.
In government bonds coupon As of
1925 sold at 119G119k; government
bonds regular at .120; coupons As of
1907 at Ill and coupon 5s at 1875.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
SUPREME COURT.
Several Very Important Cases
Handled Yesterday.


washington, Dec. 21.-In an opinion
filed by Justice Brewer. of the supreme
court of the United States, it sus-
tanned the validity of the laws of the
territory of Arizona. relating TO the
collection of delinquent taxes
The courts mandate was ordered to
issue instanter in the appeals of the
Western Union Telegraph company
from the judgment of the supreme
court of Ohio, affirming the tax law
of that state. Last week the tele-
graph company gave notice that IL
would abandon the appeals
Solicitor General Conrad moved the
court to set aside its judgment in the
case of the Northern Pacific Railroad
company VS.. Leonard p. COlburn, and
grant rehearing because of newly
discovered interests of the United
States. The time within which the
mandate of the court should issue on
its Judgment in favor of COlburn was
extended so days.
The case of T. La KOO-Jel-LeO. an
Alaska Indian under sentence of
death for murder. was set for arsu-
ment on the first Monday in March
This is the first capital case from
Alaska.
By a divided court, the judgment of
the circuit court for the northern dis
trict of Illinois in favor of the Chicago,
Rock Island & Pacific Railroad COM
pany was affirmed. The United States
sued the railroad company for the
amount of tolls received by it for
transporting freight cars of other roads
across the government bridge over the
Mississippi river at Rock Island. but
the circuit court dismissed the bill.
and now il stays dismissed
At the conclusion of the session to-
day the court adjourned until the first
Monday in January.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
Nominations Cnnfirmed-

Washington, Dec. 21.-The senate to
day confirmed the following nominal
tions:
United States Consuls-William Col
burn Brown of Maryland, at Newcas-
tie. n. s. W.
Julius G. Law of the District of Co
lumbia. at Windsor, Ont.
George B. Anderson of the District of
Columbia, at Antigua. w. /.
Robert A. Hersham, to be surveyor
general of Oregon.
Benjamin c. Ash. Indian agent at
Lower Brule agency, s. D.
Also various promotions in the army
made TODAY and during the recess Of
congress They include those in the
cavalry, infantry and artillery. the ad-
jutant- general department. medicine
department. ordnance department and
the cadets graduated from the military
academy.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
STRIKE IN THE SUNBEAM.
Directors Engaged In Buying Up the
Stock

There were rumors of a big strike in
the Sunbeam mine last evening. 1t
appears that yesterday morning stock
was selling on the exchange at 10
cents per share; or rather 10 cents was
offered.
The hearts of the holders of stock
were shaken w. late in the afternoon,
when a. z. Welby and Will Sharp, to-
gether with other members of the board
of directors began swapping up all the
stock they could get their hands on at
10 and i cents per share and Offering
as high as 20 cents.
Inquiry ELECTED no information what
ever, one of the directors remarkin-
that he could tell something, but he
would not.
The Sunbeam is located near Silver
City and work has been going on quiet
~ for some time. 1t is believed that
a good ore body has been cut and that
the directors are trying to gather in the
loose stock which is floating around
Something tangible is being looked for
this morning and on call at the ex-
change matters may assume a definite
shape.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
NEWS Or THE MINES OF utah.

there is a good ore body under the
surface there and the Lower Mammoth
is entitled to show as good results as
any.
Harry says he did call on Mckinley
as announced in The Herald, but the
programme was not carried out ex-
actly as stated. He had a copy of The
Herald and gave the same to the major
who clipped the article for his scrap
book The major was highly pleased
with the notice given Mr.. Joseph and
himself and declared The Herald must
be a great newspaper, inasmuch as 1t
could so succintly foreten what was
going to happen.
Mrs. Joseph remained with her rela-
tives in Noblesville, Ind, where she VIII
visit during the holiday season
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
Newhouse Goes to Denver.

Sam Newhouse. who recently pur-
chased the Highland Boy at Bingham,
for an eastern syndicate, has gone to
Denver. 1t is said the mine is in such
a condition that the erection of new
works are Justifiable. and that the
matter is under consideration at this
time by those who have acquired title
to the same.
Mr.. Newhouse will meet with some
of the owners while away and the
proposition win be discussed.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
Americans In Prison

Washington, Dec. 2f.-The senate to-
day passed Mr.. Calls resolution refer
ring to the alleged Imprisonment of
American citizens in Spanish penal
settlements. 1t directs the secretary of
state to send to the senate a report of
all naturalized citizens of the United
States. of whose arrest and imprison-
ment. trial and conviction, or sentence.
either to Imprisonment at the penal
colony of Ceuta or elsewhere he has
any information and that he shall in
form the senate in such report Of the
persons now held in confinement at
Ceuta and of the charges. briefly stated,
on which they were condemned and the
nature of the evidence so far as the
same appears on files of the state de-
partment.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
MONTANA MINE FAILURE.
Golden sceptre Closed by Frazer &
Chalmers.

Some DAYS ago the Golden Sceptre
mine of Butte was closed by Frazer &
Chalmers by reason of a default in
payment of mining machinery deliv-
cred some time ago. 1t was stated at
the time that there was grave sus-
picion of fraud in the management. but
w. J. Chalmers, of the firm selling the
machinery, says there was nothing of
the kind and that neither his firm nor
any one else had lost anything by the
transaction. He declares the company
expended some $3.50 900 in development
work and needed 100000 more, which
it could not get. The property is of
great value and will become profitable
in short time.
The failure was far reaching in its
effects. the grocery house of Quigley
& Mullen of Wilmington, Del, going
to the wall for SIT bv reason of it.
Frazer & Chalmers sold the company
several thousand dollars worth of ma
chinery, all of a first-class character.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22


The present state of the
tea-trade can't continue.
Americans drink the worst
tea in the world, and pay
double for it.
ScAfzlimg's Best is the
remedy.
Proof: the grocer gives
your money back if you
don't like it.
A SchiIlng & Company
San Francisco se7
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
THE STOCK EXCHANGE.
General Rise In Some of the Leaders

Yesterdays transactions on the Stock
Exchange were light as regards actual
sales made, although the general tone
was stronger than usual. Some of the
leading securities advanced quite per-
cepubly, Ajax forging ahead. being
held for so cents. while 1872 was freely
offered. Mammoth was offered at
$3.50, but no sales We're made at that
figure. $2.5o being the highest bid. The
recent good strikes in the mine have
caused d better feeling to prevail con-
corning il. and there can be but little
doubt that it viii go still; higher. South
Swansea ran up also, closing at $3.50
bid and Sl-55 asked.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
National Grain Standard.

Washington. Dec. 21.-In the senate
today, Mr. Gear submitted a fav0ra able
report on the bill TO establish a ma
tional standard for grain. The bill has
the endorsement of the agricultural de-
partment. which SAYS it is commend
able. and seeks to fix a standard for
classifying and grading grains. which
may be used in Interstate and foreign
trade. and is only less in Importance
than the fixing by congress of the
standard of weights and measures.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
RoTHscHILDs BUYING MINES.
Have Taken In One at Telluride and
Looking For More.

The Rothschilds seem to be looking
for gold investments in this country
all the time. A report recently re-
ceived is TO the effect that the Tom
Boy mine at Telluride. Col, has been
sold to the syndicate for the sum of
2,000,0 600. and that the agents of the
syndicate are looking for other proper
ties Of a like description. 1t is stated
that one or two properties at Mercur
have been looked over by agents with
view TO reporting on their values.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
A SchiIling & Company
San Francisco

returned from a trip to Tintic. where
they have been for two DAYS looking
over the Ajax They are very much
pleased with the appearance of the
property and the class of ore which is
being taken out
Shipments from the mine are being
regularly made ana the character of
the ore is greatly improved The prop
erty is in first-class condition and i'm
proves every day
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
Ore and Bullion.

The ore and bullion receipts of the
city yesterday were as follows;
t. r. Jones & Co. ores, $500; bull
lion, s., 600. Total, $1,000.
Mccormick & Co., Hanauer bullion,
S4.7OO: silver and lead ores. A,1O0;
cvanides. $23.3O0. Total, $32. 100.
Wells. Fargo & Co, Pennsylvania
bullion. S6.z17-
Total for the day, $46,717.
Silver was quoted yesterday at 65s4
lead. 500; copper. 1875.
The London price of silver was 297s.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
IT WAS dividend DAY
Mercur, BuIiion-Beck and South
Swansea Pay Off.
MINING STOCK EXCHANGE
SEVERAL STOCKS ADVANCE IN
VALUE YESTERDAY.

Sam Newhouse Goes to Denver-ore
and Bullion Receipts-Harry 10
seph Returns From the East,
Where He Placed the Treasury
Stock of the Lower Mammoth
Dern and Dorsey Return From an
Inspection of Mercur-Work on
the Atlantic Tunnel-Reported
Strike in the Sunbeam-other
News of the Mining World.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22

Washington, Dec. 21.-Mr Danforth,
(Rep., o.. introduced in the house
today, a bill prepared by the National
Wool Growers association, providing
for duties on wool. a duty of u cents
per pound is asked for wool of the
first class, cents per pound for wool
of the second class and other wool ac-
cording to Grade
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
Kansas Citv Live Stock.

Kansas City, Dec. 21-Hogs-Re-
ceipts. $500; steady; light. 3.25@3. S21k /;
medium, 3.20@3.30; heavy, 3.15G3.271s;
pigs. 2.90@3.05.
Cattle-Receipts. 1000: steady: native
steers. best. 4.20@4.s5; fair to good, $40
G4.2o: COWS and heifers, best, 2.9563.40:
fair TO good, 1.70@295; bulls. 1.7063 90;
stockers and feeders. S.00Q3.S0; Texas
and western. 2.6O03.75: calves. s4@10
Sheep-Receipts. 400: steady.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
THE BIG BANK FAILURE
1t Has a Depressing Effect on
Chicago rlarkets.
MAY WHEAT CLOSES LOWER
PORK UNCHANGED AND LARD A
SHADE LOWER.

Government Bonds Firm, State Bonds
Quiet and Railroad Bonds Irregu-
lar-Run Of Chicago Cattle Fairly
Large-Money on Call Easy-Ster-
ling Exchange Steady-Sharp
Rise In Active Specialties-Gen-
eral Glimpses.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
Tennesse's Appropriation.

Washington, Dec. 21.-The Tennessee
centennial bill. which carries an arpro-
priatiOn of $4,000 for a government
building and exhibit at the Nashville
exhibition, which will open in Nav
next. was signed by President
Stevenson and Speaker Reed today and
at O'Clock sent to the White House
for the presidents signature.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
THE ATLANTIC TUNNEL.
Work Resumed and Will Be Vigor-
ously Prosecuted.

Work has been resumed on the At
lantic tunnel in Bingham and will be
diligently prosecuted until the 100 feet
remaining to be driven is completed.
The Atlantic company owns seven
claims half way between the lead mill
and the Dalton & Lark and this tun-
mel is driven to tap a ledge or main
body of ore. 1t is already in S75 feet.
When completed it will tap the vein
and also drain the water, with which
the mine is provided in ample quanti-
ties.
1t was stated at the offices of the
company yesterday that work would
be pushed until the tunnel was COM
pleted, when good results are antici-
Dated.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
South Omaha Live Stock.

South Omaha. Dec. 21.-Hogs-Re-
ceipts. 1000; market opened steady and
closed weak. Light and mixed, 3.15G
1856; heavy, 3.10@3.20.
Cattle-Receipts, 900; nothing good
market steady. Steers. 3.30@410; cows,
1.50@3.50; feeders, 3.00G400.
Sheep-Receipts, 1000; market steady.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
CRASH AMONG
CHICAGO BANKS
FURRY of Excitement in Circles
Financial.
THREE BANKS DOORS CLOSE
THEY ALL DID BUSINESS WITH
THE BIG CHICAGO NATIONAL

Big Crash Compelled Their suspen-
sion to Conserve Their Assets and
Protect Their Creditors-Several
Small Runs notwithstanding
Action at a Meeting Of Members
of the Clearing House Association
An Examiner Named.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
CALL OF UNLISTED STOCKS.

The sales of stock on the exchange
were 100 shares of Northern Light at
63 cents and 500 at 6S1s cents. Total
sales 700 shares.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-22
GOLD IN PYRITEs.
Crystals Broken Show Plenty of Ma
tive Material.

Something out of the ordinary is re-
ported from the Iowa mine. at Quartz
burg, Ida. At q depth of 900 feet py-
rites were taken our which showed
free wire gold attached to the crystals
and the same when broken open
showed native gold attached to the
iron Old miners generally say this is
very rare. A half pound of the Dyrites
pounded in a hand mortar and washed
in pan, yielded IS in gold. The find
ing of this ore demonstrates that val
ues may be expected almost anywhere.