davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27

hciency was evident from the fact that
they had cabled buying orders for con-
siderable quantities of December Whear
which was in the hands of New York
commission men at the opening The
executing of these was a feature that
was remarkable both at New York and
here and when trading started, Sep
TENDER reached 7414, an advance of IL
from Saturdays close, about ten min
uteS after the opening this morning.
1t turned downward from that point,
owing TO some bearish features of the
domestic situation, which began to be
pressed upon the attention of the
crowd Chicago receipts were 1913 cars,
los OF them new wheat and one of the
latter was new spring wheat A year
ago, 12l cars were inspected into store,
1U4 OF which were new. Minneapolis
and Duluth reported 457 cars against
4SO the week before, and 414 at the
similar time year ago. Kansas City
got 5O9 carloads, and ii was said 400
cars were on the track at Toledo. The
most bearish featu of the domestic
situation, however. was an increase in
the visible of $4,000 bushels, instead of
an expected decrease of 100000. 1t
would appear, therefore, that the cOun-
try mlllers requirements had been over
come at length by the farmers deliver
les and that the trade is likely TO be
called upon to take care of a gradu-
ally accommodating amount at the COM
mercial centers. The European scar
city of home plentifulness had an in
teresting contention in the wheat pit,
with success leaning first TO one side
and then to the other, traders careful
about committing themselves heavily
TO either. They realized the danger of
being short with a powerful bull clique
in the market, that is encouraged by
great European demand in prospect,
and the consequences that might re-
suit from getting long of a crop which
promises to be 100, 600 900 bushels larger
than last year and at a price 40 per
cent over that prevailing a year ago.
The continental markets were as strong
as those OF the United Kingdom. Clear
ances of wheat and flour from Atlantic
ports were equal to 100, 900 bushels. The
bulls got much the worst of it in the
end, and during the last half hour it
became mere question with them of
getting rid of early purchases at as
small los as possible. September
opened A@3l higher, at 731sQ73A, sold
to 71A @73. to 1874, to " and closed at
7215.
Corn started unchanged to a shade
higher, but yielded gradually to the
influence of fine weather for the crop,
and weakening wheat market and
Continued to decline until the close.
The market for oats sympathized
with the fiuo cations in corn. The
feeling at the opening was firm but
long stuff came out freely and a re-
action followed.
Provisions were firm on a small trade
until near the end when the slump in
made itself felt
The leading futures ranged as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
He Likes State Line.

W. H. Smith, the veteran mining
man of Milford, who has been in the
city for the past few days, speaks very
highly of the State Line district, and
he says a man could look the country
over and still not be able to find a more
promising gold camp.
Mr.. Smith has some valuable hold
ings in State Line, and he is of the
opinion that as soon as a mill is in
stalled in the district it will come to
the front in great shape.
Some of the properties there" said
Mr.. Smith, already give promise Of
developing into bonanza propositions,
among the number being the Drake &
Lambert ground, which is a crack
a-jack,' and worth any mans money.
The Creole is another valuable piece Of
property, and is rapidly opening out
into big producer, as the last re-
ports from there were to the effect that
in the face of the tunnel there was
solid body of ore nearly four feet wide
which viii carry average values of $40
to the ton in free milling gold
Mr.. Smith also spoke highly of the
Eagle Valley district, where Allen c..
Campbell and Colonel F. L. Pickett of
this city are interested. In this To-
cality, according to Mr. Smith, and he
corroborates previous reports concern
ing the camp, the Lodges are strong and
can be traced for a distance of 1900
feet, while Uncle Sam. in his mining
regulations, will not allow the locator
to get the ledge in between his side
lines, as the gold bearing belt is over
500 feet wide"
Mr.. Smith will leave within few
days for Jackson, Amador county, Cal
ifornia, where he has already shipped
one of Mitchelrs Acme Gold Amalga-
majors, which will be used in the
treatment of crude ore and tailings.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
RED CREEK MINES.
Ore That Carries Copper, Silver and
Some Tin.

Vernal Express: Jack Warren and
Edward E. Noe are over from the Red
creek mines in Browns park. Mr. War
rem paid the Express a pleasant call
and gave what information he could
regarding the prospects of Red Creek
There are some "a claims staked off
and all of them have the assessment
work done on them and some have
more than the law requires. Messrs.
Harvey, Warren and Noe are interested
in several claims and have done con-
siderable development work on them.
They have had assays which went AZ
per cent copper, nine ounces of silver
and 3SA per cent tin. These gentlemen
are confident they have good prospects
of very rich mines in the near future
and are pushing work as fast as they
can to develop their claims and find
out whether they will pay to work or
not. The ore bodies are well defined
and they have no trouble in following
them. The mines are about six miles
from the Jarvie ferry.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27

A mill for the Chloride Point mine
on Lion hill, is now an assured fact
and it is believed that within three
months from today the plant will be in
active operation.
For two months past the Chloride
Point has been making arrangements
for the erection of a mill at the mine,
and one of its latest movements in this
direction was to send c. L. Dignowity,
the well known mining operator, to
Cripple Creek, Florence and Colorado
Springs with instructions to examine
the mills in these places for the pur-
pose Of inspecting the latest improve
ments in mill building and in ore re-
ductiOn.
Mr.. Dignowity has just returned home
from this trip, and he states that while
away he visited the mills and mines of
the camps named, and that as a result
he obtained many valuable ideas and
pointers in the way of mill building
and the treatment of ores, which will
be incorporated in the mill soon to be
erected by the Chloride Point company.
This mill, The Herald is informed,
will have a machinery capacity of 200
tons a day, but at first the tankage
100 tons daily.
The works will be erected at a point
between the company's mines and the
spring embraced in its holdings. Work
in making the excavation for the
foundations will begin within a few
days, and the mill is to be ready for
operation within threee months, as
stated above, as the plans and speeifi-
cations for the same have been ready
for some time, and only few changes
Will be necessary on account of the
visit of Mr.. Dignowity TO Colorado
mining camps. The company viii build
the mill TO a large extent itself, only a
few contracts being let, and these being
principally for machinery
1t is stated that in the way of finances
the company is now able to push the
work of construction TO a speedy COM
pletion; and that in the way of mineral
there is now enough ore in sight in the
mine to keep up treatment OF 100 tons
daily for a year to come.
Mr. DignOwity, in making a COM
parison of Cripple Creek with Camp
Floyd district, states that the former
camp has the advantage of the latter,
as at Cripple Creek there is a ready
market for every pound of ore 1ex-
tracted, while in Camp Floyd the mine
owner must put up his own mill, or the
product of his property is practically
worthless, and he is of the opinion that |
a custom mill at Mercur would pay
we'll
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
THE PILOT BOY SHELTER.
Not a Sale But Secured On a Bond
and Lease.

and Lease.
Last week The Herald published a
dispatch from Omaha to the effect that
the Omaha & Grant Smelling company
had purchased the Pilot Boy smelter at
Kootenai bay, in British Columbia Ac-
cording to the Denver Republican,
however. it was not sale, but a bond
ard lease.
The Republican has the following to
say regarding the matter:
J. B. Grant, when shown the above
hensioa Of the situation. I'VE have not
pany's plant" said he. We have leased
the plant with a bond running a year.
but our main purpose at the present
tine is 70 use the concentrating plant
connected with the smelter to concen-
tTate the low Grade ores of some mines
which we ow. in the SLOGAN district.
There is no intention on our part to
use the smelling portion CT the plant
at present
I'VE have undoubtedly paid great
deal Of money in duties on lead ore
from British Columbia. probably 100000
is not far out of the way, but the mat
ter Of the duty has nothing 10 do with
our lease of the Pilot Boy plant. We
viii ship the concentrates TO our works
in this country. We need the lead ore
here, and have taken this method of
securing it. That is all there is to it.
I'VE cannot say now whether we are
likely to take up the bond or not Dur
ing the year that it has to run il may
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
THE LA SALE FOUNTAINS.
Flourishing Camps In This Copper
and Gold Region.

The editor of the Grand Valley Times,
who recently made an inspection OF
some Of the mining camps in the La
Sale mountains, says:
The first of the week we made a
second visit to the mining camps in the
La Sale mountains. AT Miners basin
we found Loutzenheiser & McGraw,
Fowler & Wolf, and Mccormick &
Blake who have Just come in from
Colorado, all busy driving tunnels on
their claims with their prospects i'm
proving as the work advances. A visit
to the claims of Fowler & Wolf found
them in about 80 feet with a two-foot
vein Of promising looking ore exposed,
which runs copper, gold and silver
Loutzenheiser & McGraw have their
tunnel on the High Ore in so feet, and
II is estimated that ten feet more will
crosscut the vein they have exposed
above. They are at present working on
the Green mountain in ore that prom
ises well in gold.
In company with Mr.. McGraw we
went over the mountain to Beaver basin
and encountered a trail that we would
want none TO follow. We failed to find
the prospectors there that had been re-
ported. We Vent over into Deep creek,
where we found ]. W. Peckenpaugh,
who, in company with Rem Hatch, has
driven a tunnel 40 feet and struck a
vein of gray quartz which has the ap-
pearance of running rich in gold. Mr.
Hatch had left the day before to visit
q new camp on Rock creek. some dis
tance east, where a large number of
prospectors from Colorado are at work.
a son of Mr.. Hatch is reported 10 have
sold claim there for $4,000.
At Deep Greek we found W. W. Fox
and Lon Neff at work on claims that
look most encoura ging. They are sink
ing a shaft on the top of the mountain
at the head Of the creek and have
opened a very promising looking vein.
There are a number of prospectors at
work at various points north OF Geyser
pass. BUT time being limited We could
moi vistit all
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
The Mining Stock Market.

The leading stock brokers of the city
report that there is an Increased de-
mand for giit-edged mining stocks OF
late and that the coming fall promises
to disclose more than usual activity in
this line.
Of course the absence of official quo
tations is rather dampner on business
and many of the brokers will be glad
when the Stock Exchange starts I'D
again on the 18th of next month.
AS a general rule prices have been
well maintained during the past few
weeks, and yesterday there was quite
demand for the following securities
at quotations about as follows:
Mercur, s7.S5 bid and IS asked.
South Swansea, SLIGO bid and s1.65
asked, while sales were reported at
S1.621a.
Geyser-Marion. in blocks of 1000
s1.25 bid and s1.275s asked. and sales
were recorded during the day at the
latter figure
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27

New York, July 26.-The market
ended today in draw with the ad-
vantage slightly in favor of the bulls.
The confused and irregular sharp de-
clines and rapid recovery alternating,
commonly called "crisscross" market,
continued throughout the day. To take
profits at the accomplishment of that
which has caused an anticipatory rise
is way they have in the street. Thus
with congress adjourned and the tar
if disposed OF, professional spectators
unloaded and sold short. Local reac-
tions were helped by London profit TAX
ing sales from that quarter amounting
to 10000 shares, thus dispelling the idea
that a paying movement might be eX-
Dected, because Of tomorrows settle
ment to cover recently supposedly short
sales. A variety of reasons were as
signed for Londons oessinistic views,
among which were the senate'S nom
action on the currency message and
the Japanese-Hawaiian affair, but
more generally it was attributed to
their regarding the effect of the tariff
settlement as already discounted.
All grades of sugar were advanced
today, but sugar stock was subject to
bear pressure most of the day. After
an early drop of ~ and a partial re-
covery, it fell again and when below
1.42, the market being full of stop-loss
orders, certificates were forced to the
lowest point of the day, 1895.
The intelligence that 100000 in gold
would leave Australia on Monday for
America was a significant feature of
the late news. Another was a little
furry in call money, 1t being quoted on
a small transaction at 1902, although
there was abundance of money loan
able at l per cent The market closed
with irregular changes.
The bond market developed agrees
sive strength after an early period of
heaviness, which, however, did not de-
press values appreciably. The de-
mand for issues of reorganized proper
ties and those undergoing rehabilita-
ton was very marked. The aggregate
sales were $500, 900. Government bonds
displayed strength on moderate pur-
chases. The transactions were s21 900
Money on call easy at 1@2 per cent
Last loan, IL per cent; closed 1902
ger cent.
Prime mercantile paper, 364 per cent
Sterling exchange, quiet, but firm. with
actual business in bankers bills at
4. S71E CAST. for demand, and at 4S614
14.S61s for so days. Posted rates, 1870 |
487A, and 4.SSQ4SS1s
Commercial bills. 1854 @4.85l5.
Silver certificates, 59@5912.
Bar silver. SO.
Mexican dollars. 46
Government bonds stronger; state !
bonds quiet; railroad bonds strong.
Petroleum-Pennsylv crude, Au-
gust, So bid.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
CHICAGO GRAIN AND PRODUCE
Wheat FURRY In Which the Bulls Are
Worsted.

Chicago, July 2e-The opening of the
Liverpool wheat market at an advance
of ID per Genital, or the equivalent of
nearly 214 cents per bushel, started this
market at strong gait, with an in
itisl jump of l cent over SATURDAYS
closing price. The strength al Liver
pool was emphasized by a similar con-
dition of the wheat market at Paris.
which quoted a rise of an equivalent
of 2 cents per bushel. A private ca bic
gram from London said the French
crop was proving very deficient and
Beerbohms cabled that the European
crops this year were now estimated
to be 244,0O0,000 bushels smaller than
those of the year before. That for
eigners were believers in a heavy de-
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
Chicago Live Stock.

Chicago. July -Cattle-Common to
extra beef steers were wanted at 1856
@5.15: the bulk of the sales was at 20
@4.sO and fair purchases were made by
exporters. Stockers and feeders. 3.2OQ
42e.
Hogs-The bulk of the offerings
crossed the scales at 3.S5@S.7O Hogs
sold al extreme rate of S.35G3.SO; light
weights commanded good premium
Sheep sold at 2.50@4.25 for inferior to
prime lots, rangers of good TO prime
quality selling at 3.S5G400 Good to
choice fed westerns, 3.9O@4.00
Lambs, 3.50G5.40.
Receipts-Cattle. 1880; hogs. $4,000;
sheep. 1900.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
The Black Diamond.

It is understood that the Black Dia-
moEd Mining company will file its ar
ticles of corporation today on a group
of four claims. embracing the Black
Diamond, the Outcast, the Union Con-
solidated and the North Star, in Stock
ton mining district.
The Black Diamond is one of the
most promising mines of that section
and is the making of a heavy and
steady producer The property is
equipped with a steam hoist and a fine
body of pay ore is exposed in its lower
workings. AS soon. as the company ac-
quires a legal existence it is the inten-
ton to increase the working force TO
two shifts a day and also to develop
the property in a thorough and 'e
ticient manner.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
SALE OF THE BONANZA.
Oregon Gold Mine Sold to Eastern
Parties For S75O,OOO.

Baker City, Ore, July 26.-The sale
Of the Bonanza mine has been consum-
mated and all the papers signed The
price paid was $3.50 900. Fifty thousand
dollars was paid on the spot, half of
the balance is to be paid in 80 days.
and the. remainder in go days, although
1t is understood that all will be paid
within the 80 days, as the buyers de-
posted the full purchase price in a
New York bank and had certified
checks to the full amount with them
on their arrival here.
The purchasers are John NJ. Pater-
son OF Pittsburg, George Crawford of
New York, F. p. Hayes of Philadel-
phia and j. S. Wallace of Denver.
Albert, Louis, Emma, Edward and
Frank Geiser had been the owners of
the Bonanza for the last six wears.
Prior to that time it was operated by
James Steele, cashier of the First Ma
tional bank of Portland. Two years
ago the property could have been
bought for 100000
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27

be that we will find dry ores in suffi-
cient quantities to enable US to run the
smelter to advantage, but from the
present outlook that does not seem
probable, as there are no dry ores to
speak of in that district. In any event
1t would make no difference to the
smelters here, for if we find conditions
favorable for the operation of smell
ter in British Columbia, we can get all
the lead ores we need and still have
enough left to ship to our smelters in
the United States. At present. how
ever, we will do nothing whatever with
the smelter but will go right on pay
ing duty on the lead values of our con-
ceutrafes
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
IN SALT CREEK CANYON
Important Gold Disclosures Made
In an Old from Mine.
PROVO PEOPLE EXCITED
CARTER STRIKES 1T RICH ON
THE SWEETWATER.

Rock That Is Full of the Yellow
Metal-The Hoodoo Has All the
Earmaris of Bonanza-The
Richest Ore Ever Seen In Provo
Red Greek Mines-Ore That
Carries Copper, Zinc and Tin With
Enough Of the Former and Latter
to Make It Valuable-The Mining
Stock Market-Good Securities In
Demand-The Black Diamond
Will Incorporate-Ore and Bullion
Silver and Lead-Mining Notes
and Personals.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
London Wool

London, July 26.-At the wool sales
today 1920 bales were offered, of which
LOCO were withdrawn. A mixed selec-
ton of South Australian secured and
greasy sold well to Germany and the
home trade at fill rates. Choice secured
and greasy Merinos were also taken by
the home trade.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
Omaha Live Stock.

Omaha. July 26.-Cattle-Receip
1880; market active, higher. Native
beef steers, s.sOG4.s5; western steers.
S.95Q4S5; Texas steers, 3.25Q41O; COWS
and heifers, 2.soQ4.2O; Gamers. 1000
2.75; stockers and feeders, S5OQ4. 10;
calves, S.5OG6.O0: bulls and stays, 2.OO@
2R0.
Hogs-Receipts, 2,2O0; market 5@1Oc
higher. Heavy, 1924 @3.4O: mixed, 1850
$40; light, S.40@3.421z; bulk of sales,
3.35@3.40.
Sheep-Receipts, 500; market strong.
Fair to choice natives, 3.30Q3.S0; fair to
choice westerns, 3.20@37O; common
and stock sheep. 2.75@3.25; lambs, $500
500
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
CHLORIDE POINT MILL
Plant to Be In Operation Within
Ninety Days.
THE LA SALE MOUNTAINS
FLoURISHING GOLD AND COP
PER CAMPS IN THE SOUTH.

New District of Rock Creek Attract
ing Colorado Prospectors = The
Pilot Boy Smelter = Not a Sale,
But Secured On Bond and Lease
VIII Use the Concentration and
Not the Furnace-Sale of the b.
nanza-oregon Gold Mine Sold
For $75O,Ooo-A Year Ago Tt
Could Have Been Bought For
500, OOo-He Likes State Line
Large Gold Deposits In Eagle Val
ley District.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
Kansas City Live Stock.

Kansas City. July 26.-Cattle-Re-
ceipts. 1000; maket steady to strong.
Texas steers. 2.7594.s0; Texas cows,
2.35@3.OO; native steers, 3.5OG4 80; ma
tive COWS and heifers. 175G4.OO; stock
ers and feeders, S.25@4.45; bulls, $500
$50.
Hogs-Receipts, LOO; market strong
to 71sc higher. Bulk of sales, 3.S5GStO;
heavies, 3.SOQ3.421a; packers. 1900
S.3715; mixed. S.30@3.4O; lights. $3.50
$40; Workers, S.371a@3.4O; pigs, 5000
1926
Sheep-Receipts, 1000; market firm:
lambs, 3.00Q5.15; muttons, 2.25G3.75.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
Silver Shipments.

New York, July 26.-The steamer
Trave will take out tomorrow 26S. 900
ounces of silver.
New York, July 26.-The market
price of bar silver reached low water
mark today. Government assay bars
were quoted at 80 cents. which made
the silver in a standard silver dollar
worth 1853 cents, as against 1870 in
1894. The market opened at 59k cents
an ounce and later declined to 5S7.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
Rec. / Ship.
Articles.
LIVERPOOL Wheat

Liverpool, July 2s.-Wheat. firm:
No red northern spring. spot. Is. Sd.
Corr-Spot, firm; American mixed.
new, Is. 1014d.; old, IS. Id: futures,
steady July. IS. 1OAd.; Aug, IS, 107sd.:
Sept, IS. I'D
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
Ore and Bullion.

The ore and bullion receipts yesterday
were as follows:
Mccormick & co.-Bullion, SIS, $50; ores.
$4,000
i. R. Jones & Co.-Bullion, $4,000: ores.
$4,000.
National Bank of the ReDublic-Gold
bullion, $1,000; cyanide, $1,000.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
MT. NEBo EXCURSION,
Via Rio Grande Western Railw

On July %. and again on the 2Sth. the
Rio Grande Western runs a special
train at $3.50 a. m, which will stop at
Iron Spur, on the property of the Mt.
Nebo Irrigation and Land company; 50
round trip Return at a. m. same
day. This property presents an allur-
ing field for homeseekers and invest
ors.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
Silver and Lead.

The silver and lead quotations yester-
day were as follows:
Bar silver, 50 cents
Lead, exchange. $3.S5QS3. so; brokers,
$3.50.
Copper, exchange s11Qs11 Is; brokers.
81. 1z12; casting. $40. %.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
Boston Quotations.

Boston. July 26.-Atchison, 1914; Bell
Telephone, 227; Chicago, Burlington &.
Quincy, 87ss; Mexican Central. s: Ore
gon Short Line, IS; San Diego, ~; Bos-
ton & Montana, 100; Butte & Boston.
222k -
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27
WAS SLIGHTLY IN
TIE BULLS FAVOR
Sharp Declines and Rapid Re-
coveries Alternate.
MARKET WAS OF A
CRlSSCROSS NATURE
ALL GRADES OF SUGAR AID
VANCED YESTERDAY.

Intelligence That a Million Dollars
In Gold Would Leave Australia
On Monday For America Was
Significant Feature of the Late
News Bond Market Developed
Aggressive Strength After An
Early Period of Heaviness.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-27

Sick headache can be quickly and
completely overcome by using those ia
nous little pills known as de Wits
Little Early Risers. A. c. Smith &
c. d. Swift. 142 Main.