davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
PoLLoCK'S LETTER.
Review of the Stock Market For
the Past Week.

Review of the Stock Market For
the Past Week.
James A. Pollock will say in his
weekly mining share market letter
under date of February Z, 1896.
Business in the local stock market
was very we'll maintained during the
past week, the inquiry being especially
heavy in the high priced investment
stocks. There was some considerable
business in the speculative shares but
this did not cut very much of a figure.
This is overwhelmingly an investment
market.
Another change has taken place in
the management of the Ajax. Con-
siderable development work of an en-
couraging nature is in progress AL
lance is again at work. The delin-
quent list is not heavy and it is anti
cipated that all of the stockholders
will pay up rather than have their
stock sold. Another well has been
turned in at the gas fields and the COM
pany reports increased consumption
for lighting and heating purposes.
Anchor is at work with a diamond drill
and will prospect a great stretch of
country. The mill is doing well. There
was some demand for the stock, but
not at figures which holders cared to
accept.
Bulhon-Beck will pay monthly
dividend of $4,000 on the 18th. The
reports from the properties of the COM
pany are of a gratifying nature. An
other attempt is being made to settle
the differences between the majority
and minority stockholders of Began.
Observation-Disclosures was again
prime favorite. Holders were firm at
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07

$50 and above. The company paid an
other double dividend of 81 per share,
or 100000 on the first of the month and
the usual double will come on the 18th.
The annual meeting has been held and
the old board reelected. All of the
reports submitted were of an extreme
~ gratifying nature. They showed
that from September, 1894, to January
l, 1896, the company paid $630,000 in
dividends and has a surplus of $172,-
1894 as compared with ST., 1924 at the
time Of the last report. Ore sales for
the sixteen months covered by the re-
ports Melted the company the sum of
1919. 1922 The disbursements, cover
ing labor, materials and improvements
were S209, 957. 60 The properties are in
magnificent shape.
Dalton has held its annual meeting
and elected a new board of directors.
1t will be the policy of the company
to push development work energetic
ally and make shipments of the high
grade ore as soon as spring comes. No
assessment will be made. DAILY was
very strong, bidding for the stock be-
ing very brisk. The company has not
declared a dividend yet, but will pro-
badly do so soon. 1t may pay quar-
terly. Daily Vests new mill is doing
good work and the properties are in
first-class shape. Elko is pushing de-
velopment work.
Mill work is to be resumed at the
Geyser without delay, the water trou
bles having been adjusted. Horn Sill
yer is working away on the same old
lines. Shipments of ore and concen-
trates about hold their own.
Mammoth was in demand, but not at
holders figures. The annual meeting
of the company was deferred for
twenty days. Morgan CMeears) is de-
veloping and making some shipments.
The Mercur company will declare its
usual monthly dividend of $4,000 on
the 10th and pay on the goth. Exten-
SiVe development work is now in hand
and the showing in the properties
never was as satisfactory as at pres
ent. The mill increases will not be
made before the spring months. The
stock was held very strong, bidding
being active and sales were made at
81 and even above.
Ontario was very strong and held
so firmly that few sales were made
but those went in at advanced figures
Rover is looking we'll and a. strike of
arsenical ore down on the fiat is re-
ported. Great ore bodies have been
blocked out. Its neighbor, the Gold
Dust. is prosecuting development work
vigorously and has a splendid show
inc.
Silver King pays its monthly divi-
dend of 900 today, making total
of 1925, 600. The stock is held very
strongly above SIS. Sunshine will pro-
baby increase its mill capacity to 300
tons without much delay. The plant
is doing splendid work and the pro-
perties look very we'll. Utah will pro-
baby pay its usual dividend Of $1,000
on the 10th.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07

NEW YORK, Feb. 6.-The course of
today's stock market was extremely
disappointing to many persons who had
expected, in view of the great and I'M
surprising success of the new govern
ment loan, a decided upturn in prices.
both here and abroad. Apparently
both in London and on the floor of the
New York stock exchange, the news
was not regarded from a broader point
of view than as affording an opportu-
nifty to secure profits accruing from
the recent rise. Conservative fnan-
ciers expressed the opinion that the
securities market will soon reflect in
creased confidence as to the financial
outlook. Already the expectation Of a
better market for commercial paper is
expressed and also of reasonable
easy money market. A favorable fea-
ture is the continued increase of earn
ings shown by nearly all of the promi-
nent lines. The volume of business
showed a considerable increase over the
record of the previous day. Prices
moved in an cratic fashion, and in
some instances the fluctuations were
wide. Sugar and ST. Paul again alb
Sorbed the greatest interest, with the
first named we'll in the lead III point
of activity. They are accorded nearly
one-third Of the entire total.
The market opened slightly higher
despite the cold shoulder presented by
the lower range of prices for Ameri-
cans in the London market. In some
instances improvements over the mi
tiaI figures was made, but the market
soon turned on the appearance of
heavy liquidation in the leading shares,
both for local and foreign account In
the ensuing reaction many stocks
touched figures below last nights clos
ing prices. A rally then followed, and
the market exhibited irregularity until
1 o'clock. At that hour supporting or
ders appeared and prices advanced rap
idly. Sugar was the leader, rising PIP
and the other active shares lGD11a per
cent. In the movement Southern Pa
cific, Missouri Pacific, L. & n. and the
grangers were the most prominent.
The market closed moderately active
and irregular. Business in bonds was
fairly large and values generally work
ed higher The dealings embraced a
number of the usually inactive mort
Cages at marked improvement in
prices The total dealings were ST.
552 900.
Prices for governments were about
evenly divided between advances and
declines on the first call. In the late
session bids at a much higher level
were noted The speculation was con-
fined to sales of the new IS at vary
ing prices. The aggregate transac-
lions were $175,000
Government bonds strong and higher.
State bonds dull. Railroad bonds firm.
Money on call easy at 21ad5 per cent.
last loan A. closed per cent.
Prime mercantile paper SOS per cent.
Sterling exchange steady with actual
business in bankers bills, 4.SSG4.8SA for
demand, and 4.S7d4.871a for go days;
posted rates. 4S71a04.SS12. and 4.S915; com
mercial bills. 1864; silver certificates.
673sQ6724.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
STRIKE IN DRY CANYON.
Joe AppIeby Rewarded After Years
of Patient Toll.

A. Lafave, who recently returned
from a visit to Dry canyon, in Ophir
mining district, is the bearer Of the
pleasing intelligence that Joe Appleby,
after years of patient toll, has at
length met with his reward in the way
of a four-inch body of ore in the face of
his 2OO-foot tunnel which, according
to our informant, will run all the way
from 5000 to 5000 ounces in silver TO
the ton.
Mr.. Appleby has been working the
Five-Twenty and Ten-Forty lodes in
Dry canyon for five or six years. Joe
is a cripple, and the claims are located
high up on the cliff, and to reach them
he is Obliged to climb a rope distance
of sixty or seventy feet, and in descend
ing he has to do the slide act, which
feat is an undertaking that few men,
in their prime. would care to face daily.
For several years this persevering
and undaunted miner has been hard
at work following a small seam of an
timonial lead ore in hard lime, but 1t
was not until few days ago that a
change occurred, when the seam wild
ened out to four inches, and the ore,
which consists of antimonial lead, car
rying horn blend and native silver,
came in in paying quantities. This ore
diners materially from any lOunu III
that locality, and goes to strengthen
the theory advanced that there is a
great mineral concentration at the head
of Dry canyon.
The Five Twenty and Ten-Forty lodes
are not far from the California mines,
which are now shipping fine carbonate
ores, and they are surrounded by some
of the most famous old silver mines to
be found in the west, and if justice is
ever done to the white metal, these old
mines will again cut a prominent fig
ure in the commercial world, as their
treasures of wealth are not exhausted
by any means; and it is believed that
there is enough mineral in Lion hill
to pay off the national debt if it was
only utilized
The owners OF the Five-Twenty and
Ten-Forty lodes are Joe AppIeby, A
Hennefer, W H. Hennefer, John Brown
and William Needham. 1t is the in
tention of these gentlemen to continue
work on the property, and as the ore is
exceedingly rich, a shipment or two
will place them on the highway to
wealth and Opulence. 1t would pay to
work a two-inch streak of such ore as
this, and already a small lot has been
taken out and sacked.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
ACTIVITY IN NORTH TINTIc.
The Country Bristlins With Stakes
From Eureka to Mercur.

s. R. Marks. who is just in from
Eureka, reports that there is great
activity now in North Tintic district,
and that an army of prospectors are
on the march from Mercur towards
North Tintic, and from North Tintic
to Mercur, and that within a week all
of the desirable ground between the
two districts will be fairly bristling
with stakes and monuments.
Three miles north of Greeley Springs
in North Tintic district, Mr.. Marks,
Tim Sullivan, Con Hannifer and two
other gentlemen have staked out six
claims, which are covered with strong
lodges and groupings, from which as
says in gold going as high as $1.S2
have been obtained. The formation is
similar to that in Camp Floyd, and the
ore. from all appearances, can be
treated by the cyanide process.
Two miles south of the Marks group
John Davis has a claim, from which
he has obtained assays ranging in
value from 90 cents to $54s-in gold;
while a short distance north of Gree
ley Springs, William Morris has open
ed up a ledge that goes 81 ounces'-in
silver to the ton.
A contract for fifty-foot shaft on
the Dagmar mine will be let on the
9Th. when work will be resumed on this
promising property. On the Chicago
lode. one of the claims embraced in
the Dagmar group, a cave has been
tanned at a depth of thirteen feet, and
the indications are more than favor
able
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07

New York, Feb. 6.-The Evening
Posts London financial cablegran
saws:
Americans were the only active mar
ket here today They opened firm on
the success of the bond issue and ad-
vanced materially, but later, at the
close. reacted on New York selling.
The close was mostly above yester-
days. The dealings here were mainly
professional. but increased interest is
noticed in the market. Canadian Pa
cific was weak on German realization.
One hundred thousand pounds in ster-
ling gold will be shipped on Saturday
for New York, and probably more. Ex-
cept for South American stocks the
markets were generally easier today
on profit taking, but Kaffirs were good
on Paris buying.
The Paris and Berlin markets were
firm.
The coin and bullion in the Bank
of England has increased this week
1881 600, of which f110,000 was gold i'm
ported The only feature in the re-
turn is the evidence of a rapid gather
ing in revenues as shown by the in
creased public deposits and the de-
crease of other deposits.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
BUSINESS, MINING AND STOCKS

in its day and which still holds out
great promises of wealth to those who
will dig for the mineral deposited
within its breast.
Just south of the ancient town of
Diamond, a few miles from Silver
City, Wilbur Green is doing some
work, and to facilitate matters has
recently put in a steam hoist, and no
one would be surprised at any day TO
learn that he had begun ore ship
ments.
made in the Old Swansea is stirring up
the boys. and there is more develop
ment now going on in that locality
than there has been for many years
past, and c. H. Blanchard, the efficient
recorder of the district. reports that
everything is being taken around there
that IS omen for location.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07

were SO small that there was a fair
demand at stronger prices. Common
to extra choice beef steers sold at 1925
@S4.75; COWS and heifers, S26S3. 25,
S2@S3.50; calves, $5.25Q$6; stockers and
feeders, S3G0S3.S0.
Hogs-The larger receipts recently
predicted by the packers are not ma
terializing and packers reluctantly put
back the &C. they took off yesterday.
The trade was animated at S46S4.30.
Sheep-Prices were no more than
steady, larger supplies having checked
the advance. Common to choice native
sheep sold at S2.5O0$3 80; westerns,
SO. 40 a $3.50; yearlings, $3.50 q $40;
lambs, SO. 750$4S0
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
THE NORTH FORK PLAcERs.
Rich Gravel Owned BY Salt Lake
Mining Men.

MEN,
A number of Salt Lakers. including
H. V. Garter. Gill S. Peyton. E. G.
Rognon, E. z. Crooks and several
other occupants of the Atlas block, are
willing to stake their last dollar on the
results of next seasons work on the
North Fork placers, on the North
Fork of Coffee creek in Trinity county.
California
These gentlemen are associated with
the North Fork Placer Mining com
pany, who own thirteen full claims in
the locality above mentioned, and
after having expended the sum of $25,-
600 in getting ready to work the pro-
perty, they are sanguine that after the
seasons run is over that they will be
well repaid for their trouble and ex-
pense.
The $50 acres of placer ground owned
by the North Fork people is considered
to be as rich in gold as any to be found
in Colorado, and the extent of the de-
post is estimated at from fifteen to
twenty feet the gold being very coarse,
ranging from grains as large as q pin
head up to nuggets worth s. and over,
and developments so have demon
strated the fact that the placers will
average 81 a square foot on the bed
rock, or more than $4,000 to the acre.
The improvements on the ground so
far consist of a thirty-six inch fume
600 feet long, which has been laid in
the bedrock in the main stream or pay
channel, and the water power has been
developed by extending ditch around
the point of a mountain a distance of
$50 rods, giving fall of $50 feet
through zoo feet of pipe line This
power is used for hydraulic purposes,
No. Joshua Hendy hydraulic giant
being in place on the property.
Last summer the work Of opening
up the placers was completed, and at
the close Of the season a small cleanup
was made with gratifying results. In
this run 400 square feet of high bed
rock was uncovered, from which coarse
gold to the value of s405 was obtained.
It is estimated that the returns for
the coming seasons work will amount
to about $4,000. The capacity of the
present plant can be easily increased
so as to do three or four times this
amount of work, and even then it is
estimated that there is enough pay
gravel to last for twenty-five years.
Mr.. Carter, who is superintendent
for the company. expects to start for
California about the 10th of March.
and on the 18th he will have the works
in full opera ton.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
OMAHA LIVE STOCK.

Omaha, Feb. -Cattle-Receipts.
1,OOO market 5c.@1Oc. higher; native
beef steers, S3.4O@$44O; western steers,
$2.SOQ$3.25 %; COWS and heifers, $1,000
1925; Gamers, $1.5OQ$2.35; stockers and
feeders. $2.75@$S7O; calves, $5@$5.25;
bulls and stays. S1.750s3.25.
Hogs-Receipts. 1900. Market SEQ
10c. higher; closed weak; heavy. $3.50
S4.O5; mixed $3.95@$4; light, $S.95@$4.1O;
pigs, So S50S4; bulk of sales, $3.95@S4. %.
Sheep-Receipts, 250 head. Market
firm; fair to choice natives, s2.75@$3. so;
fair to choice westerns, $2.500$3. 40;
common and stock sheep, $2Q$9; lambs,
S91S4 So
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
IN THE CONGO NINE.
4 Fine GuIch Property That is
Coming to the Front.

Coming to the Front.
A sample lot of twenty tons of ore
from the Congo mine in Pine gulch in
West Mountain mining district, has
been received. This is the first ship
ment of ore to be made from this prop
erty, which is located about half a
mile from the noted Dalton and Lark
mine at Bingham.
The ore from the Congo goes % per
cent copper, and as it also carries some
silver, gold and iron, it is in good de-
mand at the smelters. The mine is
owned by G. G. Hall and G. R. Both
well, and although Mr.. Hall has been
developing the property for the last
seven months, nothing has been said
in the press regarding it, as works,
not words" has been his motto from
the start. SO far a fine body of ore has
been uncovered, and it is predicted that
in time the property will make name
as a great producer.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
WORK ON THE SUNBEAM.
Renewed Activity in the Vicinity of
Silver City and Diamond.

There can be no question but that
this will prove to be mining year in
Utah and the renewal of activity in
this direction will not be confined to
any locality, by any means.
Silver City is one of the Oldest
camps IN Tintic district and it was the
central figure in the midst of several
producing mines before the grand old
camp Of Eureka was even thought Of;
and now word reaches US that Will
Lawrence and Mark finder have taken
a lease on the old Lawrence Sunbeam
mine, which is the first mine discov-
cred il Tintic district-the name of
which will ever be associated with
that of Peter Stubs, the veteran
miner who carved his history in the
drifts and tunnels of the early bonan-
zs properties in that district.
These gentlemen are now cleaning
out the old workings Of the Sunbeam
and it is believed that it will not be
long before they will begin ore ship
meuts.
Besides the Sunbeam they have also
taken a lease on the Showers Consoli-
dated mine, which is an old producer
that has made more than one fortune
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
An Important Point.

Especial 70 me Heralo.J
BUTTE, Mont, Feb. 6.-Judge
Knowles, in the United States court
today, in a case in equity of the First
National Bank of Dillon against Viii
liam G. Gallagher of Chicago, gave a
decision in favor of the possession of
some valuable mining property in Bea-
yer Head county. Gallagher had made
some grave charges of fraud against
Ex-Governor White, who is president
of the Dillon bank. Gallagher claimed
he had given a power of attorney to
White to sell the property for 81, 666,
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
MADE MANY
BROKERS BLUE
Course of the Stock Market Very
Disappointing.
SUGAR WAS THE LEADER.
AN INCREASE OF TWO AND ONE
HALF PER CENT.

Business in Bonds Was Fairly Large
Speculation Confined to Sales of
the New 4's-VieVvs of COnserva-
tive Financiers on the Outlook
Western Live Stock Markets Not
Remarkable For Their Activity
General GIimpses of the Worlds
Markets.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
KANSAS CITY LIVE STOCK.

Kansas City, Feb. 6.-Cattle-Re-
ceipts. $500; shipments, $500 Market
steady. &C. higher; beef steers, $3.50
S435; native cows, $20S3.55; stockers
and feeders. $2.5O0s9.75; bulls. $2@$2.S0.
Receipts, 1890; shipments,
1900 Market strong. &C.; bulk Of sales,
SO. S5@$3.95; heavies, $9.40@s3.95: mixed,
$3.70GS3. So: Workers, $3.9OQ$3.95; bulls,
$3.25@$3.SO.
sheap-Receipts. $500: shipments.
200. Market steady; lambs, s5.5o@$4.60;
muttons, $2@$3.75.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07

but the power was afterwards revoked
and subsequently White sold the prop
erty for $4,000 and also sold to the
bank under the power of attorney Gal
igher's third interest in a lot of other
property for $4,000 and credited the
amount on a $4,000 note The court
ordered a reconveyance of the prop
erty. and an accounting of the ore
taken out of the mines
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
Lively Bidding and Few
Sales Oh the Stock
Exchange.
WORK ON THE SUNBEAM
Renewal of Activity in the
Vicinity of Silver City
and Diamond.
BIG SALE OF MERCUR STOCK
Conway Takes Ten thousand
Shares at Seven Dollars.

Joe AppIeby Makes a Strike in
Dry Canyon, After Years of Pa
tent Toil-Business Briefs-Lat-
est News From All the Camps
Yesterdays QuOtations-Ehe Bank
Clearinghouse and Bullion Re-
ceipts-Mining Notes and Per-
sonaIs.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
Ore and Bullion.

The ore and bullion receipts yester-
day were as follows
Bamberger & Mcmillan. ore. $S,114.
T. r. Jones 6, Co., ores, $4,000; kali
lion, $1,000.
Mccormick & Co., silver and lead ores,
$40, 400.
Wells, Fargo & Co.. bullion, $4,216.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07

A little more life was noticeable on
the floor of the exchange yesterday
and the crowds in the lobby were
highly edited at times, and felt well
repaid for coming.
Among the listed stocks there SEEM
ed to be but few favorites, as far as
transfers were concerned, although in
some instances the bidding was lively
and spirited Alliance seemed flrmer
than usual, and gained some in the
bidding. while DAILY was in good de-
mand at advancing figures. Geyser,
however, took quite a tumble. and at
the close has slumDed considerably.
Mercur was strong. but buyer and
seller could not agree on figures. A
small block sold at s6.9215, but the
stock was held at 81 in hundred lots,
yet the bid Of 81 for block of 10000
shares could not be filed.
Ontario suffered bear movement in
the offerings. and fell from S11.5O to
S1GS5. The opening bid Of. $3.50 was
raised to $40. but no sales were re-
corded. Silver King suffered the same
fate, and buyer and seller were d long
ways apart.
OF the unlisted stocks, Dalton, Little
Pittsburg. Elko and Richmond and
Anaconda seemed to be the favorites,
and as far as Elko is concerned. this
was the first dealing in this stock yet
made on the floor of the exchange.
Gas was still in the dumps, and
while Rover was held at Sl10, there
was no demand for the stock.
At the opening Of the exchange the
caller stated that the railroads had not
yet made a rate to the opening Of the
New York mining stock exchange, but
that the rate would be given later on.
The question as to whom dividends
belonged on stocks sold after a divi-
dend had been declared and before the
transfer books had been closed, which
came I'D during the call of the day
before, was decided by the president
as follows: THE dividend is vested in
the legal holder Of the stock on the
day that the books are closed"
The transactions of the day were as
follows:
SALE OF STOCKS.
10 Mercur at S6921k.
so Sunshine at $780,
1000 Dalton at 81 cents.
5000 Little Pittsburg at "a cents.
1000 Little Pittsburg at 21s cents.
1000 Elko at 20 cents.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07

The clearnings of the associated
banks yesterday were $151, 1872 For the
same day last year they were $145, 410.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
TILE SIrRY

Washington Feb. 6.-Today's state
ment of the condition of the treasury
shows: Available cash balance, $40, S6S,
326; gold reserve, SAG, go, $40.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-07
liver and Lead.
Bank CIearings.

Bar silver was quoted yesterday, at
67A cents; lead, $3.50.