davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-24

New York. June 2S.-Today was an
other day of marked strength in the
market for stocks. the dealings being
large and the buying demand keen, SO
that the tendency of prices was strong
ly upward. There were ups and downs
during the day. the latter on profit
/ taking, for the most part, but the close
of the days trading found prices gen
orally above last nights close.
The outside interest in the market
shows large increase. and commits
sion houses report a great accession of
orders of a speculative character fol-
lowing the solid investment buying that
has been going on for some time, ana
which today's developments indicate
is still going on. The buying was al
most wholly a result of the confidence
in the general outlook for business.
There was little news accompanying
the upward movement of prices and.
therefore, little to record beyond the
mere changes in prices. Good buying
continued in the northwest, but the
prices of the stock moved quite mar
rowly, affecting three of the other
stocks by sympathy about as much as
itself.
mand and showed a substantial gain
on the day. The same was true or all
western and southwestern railroad
properties. where the crops promise TO
be abundant and bring business i'm
provement all through those sections.
Sugar and Chicago Gas were both
under pressure at different times dur
ing the day and held back the market.
When these two stocks came into har-
mony with the market and moved up
ward. the high prices of the day were
recorded for many stocks. The strength
in the coalers developed after noon and
the movement in the group became
strong and aggressive and the dealings
quite animated. The announcement of
an additional shipment of S650.000 in
gold by tomorrows steamer only af-
fected the market for a brief time.
Sugar moved over range of rs, but
closed 4 off on the day. The bond
market showed no abatement of the de-
cided strength that has characterized
its operations for some time. The spec
ulation was quite broad and material
gains were established in many liens
The aggregate sales were $685.. 900. Gov
ernments were neglected at the board
but bid quotations were slightly higher.
Money on call easy at 1Q1A per cent, |
last loan l, closed 1G1H per cent
Prime mercantile paper S@4 per cent !
Sterling exchange, firm; very dull: /
with actual business in bankers bills |
at 4.STA @4S71s and 4.S6@4S61s for so |
days. Posted rates, 4.S7@4S715 and |
tSSG4SS1s. Commercial bills. 1861.
Silver certificates, 601sG605s.
Bar silver, $685.
Mexican dollars 473s
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-24
THE CHLORIDE POINT STRIKE
Fine Body Of Ore Disclosed in the
Gladstone Shaft.

Mercur. June 23.-Excitement in min
ing circles is rapidly rising, probably
on account of recent developments and
recent operations emphasize the fact
that Camp Floyd is still an unexplored
region.
Following the example of the Mercur
the Geyser-Marion is mining with team
and scrape- and this also on ground
In which the ore was STOPPED out and
the surface caved in. The discovery.
IL could. hardly lie called a strike. has
been made. that there are high values
left in the dirt and by clearing the sur
face With team and scraper. a body of
ore that pays we'll for the labor Of
milling IS found. The Geyser- Marion
is great property, and will no doubt
be paving dividends for many years.
While quarrying some rock for their
lime kiln James Chesher. and his
partners ran on 10 vein of pretty good
looking stuff. An assay showed the
presence Of both gold and silver and
the boys are now following the vein
into the hill 10 see whether good values
ran be found. The vein grows in size.
End looks well. The locality where The
discovery was made Is in Lewiston
eanyon, far below the silver ledge.
Developments viii be watched with
good deal OF Interest.
The Chloride Point has evidently not
reached the end Of its SURPRISES. In
the Gladstone shaft a body of ore has
been found. carrying about $50 ounces
OF silver, some gold, and pretty high
per cent lead. The shaft is now about
seven feet IN The ore and the bottom
has net Yet been reached. The new
strike is about a thousand feet west of
the Cd workings. and about 40 feet
above the floor Of the tunnel with
which they are intending to connect
= Il Is shown. which appears likely.
thats i IS the same vein of ore on
which the tunnel has been run. il viii
show that the Chloride Point ground
contains continuous body of rich ore
40 Or 30 feet thick Superintendent Nc
Emery is highly elated over the dis
covery- Those who own property adj
joining are in high spirits as il goes
20 shos that their labor in searching I
for the vein is not likely TO he lost.
Jack Green has bro ken into very
large body Of what appears 10 be gold
bearing material on the Chesapeake.
What values il carries cannot YET be
ascertained as the samples have been .
sent e. Salt Lake for assaying.
party of the boys leIt mere this
morning for Skull valley. where they
claim L. have found vein. carrying
81 in gold. They say the vein is quite
large, and can be traced for long dis
tance. along the hills.
Messrs. Dinwoodey, Madsen & Co.
are sinking two shafts on the south
side Of Lewiston canyon, on the West
Dip, one close to the canyon and the
other about a mile and a half south
They propose 10 do considerable work
and expect to reach the ore body be-
fore the end of the summer.
Colonel Wall IS prepariI 3 to do some
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-24

work at the mouth OF the canyon and is
satisfied thai he vii; find the ore vein
before Ions In fac, he has the vein at
thc surface. but thinks that by SINKING
ile viii find higher values. Some men
viii be put a. work OF the ground be-
fore many days.
Work on the Golden Gate Extension
VIII he commenced before long, the
company being almost ready for the
seasons work
Al the Crown Point the shaft is now
little over 4 hundred feet; and the
vein is growing in size as the work
proceeds. A very good showing has
been made by ;le boys. and they are
hopeful of finding a rich body OF ore
before long.
Scott Lisie is ar work on the Sage
Hen group. ana reports that the indi-
cations are very good for striking
something before long. As the prop
erty joins the Sacramento, il would be
strange if the vein does not pass
through it.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-24
COOPERATIVE MINING.
Organization OF the Inter-Mountain
Mutual Development Company.

Organization OF the Inter Mountain
MUTUAL Development Company.
The co-operativc plan of mining is
rapidly gaining favor with the people
Of Utah, and there is no reason why
the plan should not ultimately prove
to be successful, and that the organiza-
items Of this character should eventu-
ally acquire and own good dividend
paying propositions.
This plan is'intended to benefit peo-
Pie Of limited means and who cannot
afford TO make investments in mining
stocks where the full purchase price
must be paid down when the invest
ment is made, but who could and
would be able to make small monthly
payments on their stock, which sum-
together with the amounts paid in by
the other stockholders in the enter
prise would create a sufficient fund
for the development and operation of
any property in the possession of the
comDanv.
The Inter Mountain Mutual De-
velopment company of this city is the
latest enterprise Of this character to
present its advantages to the public,
and still its mode of doing business
will differ a little from similar organ
iZations in that, in the case of a stock
holder becoming delinquent in his
monthly payments, he will be given
paid up stock in the company for the
amount he has paid in, less 10 per cent:
so that II from any cause he is unable
to continue his payments he will not
lose what he has already paid in.
which is d good feature in the by
laws of the company.
The capitalization of the company has
leen placed at a reasonable figure and
The number of shares is so limited that
N the event of the organization be
coming a dividend paying proposition,
4 single share would be of considerable
value
The company is capitalized at 1000
shares, of a par value of $50 each, and
according to the regulations of the
company a stakeholder can pay for his
shares at the rate of 81 a month each,
and when fully paid the stock is nom
accessible. With the sum thus month
~ raised large amount of develop
nent work can be accomplished. and if
good judgment is exercised and prom
sing properties are secured, there is
good reason to believe that the COM
9any viii be able to open W mines
rhich viii rank as dividend payers.
H. c. Edwards is president Of the
-ecretary, while Professor William H
Tibbals is treasurer, and it is believed
hat with men of such standing in
barge that the enterprise will prove !
successful.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-24
Brighter Outlook for Mammoth.

brighter OUElook 1or Mammoth.
The indications for the lifting Of the
cloud which has been hanging oyer this
camp for the past month. SAYS the
Mammoth Record. are brighter this
week than they have been since the
closing of the mill. J. A Cunningham
has returned from his trip to Canada
and IS preparing TO resume work on
the New East Tiniic railroad s. "
Hornbuckle. who built the road last
year, arrived in camp SATURDAY.. eve
ming and on Monday put a force of ten
men at work on the track, which will
be remodeled and the sharpest curves
removed. Work was started near the
point where the Sioux wagon road
crosses the track and it is more than
probable that as soon as the old track
has been repaired the graders Will
start work on the North Star line.
which has been in contemplation Tor
several months mast AS soon as the
grade is commenced the track layers
will follow up with the rails, so that by
the time the earth work is completed
the road will be ready for opera ton
Repairs in the boiler room at the mill
VIII soon be completed. when all will
be in readiness to start up and it has
been rumored that soon after the re-
turn of Superintendent Fleming the
machinery viii be put in motion, in
which event the men who were let out
at the mine will be put back and all
Will be We'll 1t is 10 be hoped that the
management Of the mine will take
some decisive Steps at once in regard
to opening the mill. as under the pres
ent conditions business men are suffer-
ing as we'll IS the Workingmen who
have invested their savings in build
ing home and are now compelled to
remain idle or move to other camps TO
secure employment. No one Is deriv-
ing any benefit from the closing down
OF the camp and every one is losing
money. Let business be resumed at
the old stand in short order.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-24

actions. one or two houses had si.ri-
larry turned over TO Armour & Co. con-
tracts for long July wheat of a like
amount The traders were allowed TO
draw their own conclusions from such
unusual proceedings. and their object
was generally accepted as boding no
good TO the shorts in July wheat. The
course of prices in the first hour showed
that very clearl-r.
July opened at SIS. compared with
yesterdays closing price of 6Sis, and al
most Immediately rose TO 69ik Then a
reaction TO 6SS occurred. There were
still some traders who were not affected
by the fears of a corner and who had
the courage to sell short on the bulge
The market. however, was naturally 100
strong To be affected very long. and
as soon as the selling ceased prices re-
bounded TO 6slS.
The weather was threatening further
dela.T TO winter wheat harvest from
rain. That was another item in the
early bull influences. The Northwestern
receipts were only I19 cars against 81
year ago.
Late cables from Liverpool reported
a recovery for opening i decline. which
was probably caused by The advance at
Chicago On the other hand. thd news
from California was bearish. Cutting
had commenced there, and the yield
and quality were both declared salts
factory, on dispatches from San Fran
cisco claiming the condition 10 be 80,
instead of %. as given in the last gov
eminent report.
Washington and Oregon were also
claimed 20 be giving fire promise. Ow-
ing to recent fayora ole weather. so fine.
in fact. as 10 indicate heavier yield
than they had ever had before.
Closing cabiegrams reported Paris
-four and wheat eacn a shade lower
and Antwerp unchanged. Export clear
ances of wheat and Hour were equal in
wheat and flour 20 80. 900 bushels.
The apprehension of a bull deal in
July lessened toward the end of the ses-
sion. and with less fear of that the rea-
son of its strength began TO disappear.
The market gradually worked down
to 6S&i, but took a sudden squirt before
the close to 69la. The closing price was
69H.
Corn was rather heavy to begin
with. because of the favorable weather
for the crop. Shorts. however, were not
very aggressive. and the market was
sluggish until rumOrs in reductions in
freight rates were circulated, when the
market became quite weak.
Oats were easy with corn. with the
same sort of selling characterizing the
although on a small scale.
In provisions. lard led the market
The opening was firm and the close was
higher all around.
The leading futures ranged as follows: |
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-24
AT The Dexter NINE.
"A Body of f,g:l-drade Gold Ore
Encountered.
CHLORIDE POINT STRIKE,
FINE DEPOSIT OF :HoT STUFF"
FOUND IN THE SHAFT.

That the Chute Of Rich
Mineral is from Forty to Fifty
Feet Thick-Growing Interest in
Mercur Mines and Prospects-co-
Operative NEUTRALITY-SUSPICIOUS.
Of the Inter-Mountain Mutual
Development Company = oppor-
tunities Offered for the Laboring
Classes-Beaver Lake Operations
Eight Feet OF Ore in the Prop
erty of the Beaver Lake Copper
Campaigning Work on
the True Fissure-Win Incorpor-
ate on the Galena and Chloride
Colorado River Placers-Success
Attends the Efforts Of Chafin
and Hay-Activity in the Pit
Ajax, Geyser, Dexter and Little
Pittsburg in Good Demand-In
Gold Mountain Haunts-News
Nuggets Culled from the Richfield
Advocate-Boom in Real Estate
Desirable Mercur Property Rapid
" Changing Hands-Strike in
the Mammoth-Rich Nevada Ore
Brighter Outlook for Mammoth
Ore and Bullion-Silver and
Lead-Mining Notes and Person
ais
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-24

Chicago. June Sales were
on the, basis of 3.SOGs.5O for common
to prime native steers with the BULK
CT the transactions ct ff50f.s5: prime
cattle being scarce. StOckers and feed
ers. 3.5G6S375; some common TO extra
at 2S0G325.
Hogs-Sales were on an extreme
range of 310@3.50 for common To prime
hogs, with the bulk of the hcrs cross
ing the scales at 3.37ls@345. heavy
packing lots sold at 3.10d3.35: and
prime light and mixed lots at 2.5e.
Sheep-Sales were on a basis of 2.500
3.S5 for common TO choice sheep. the
best selling at 3.25G3.60: snrin., lambs
sold at 3.OO@S.S0 and shorn lambs
brought 4.25d5.0O.
Receipts-Cattle. $1,000; hogs. $4,000;
sheep, 1900.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-24
COLORADO RIVER PLAcERs.
Success Attends the Efforts of
Chaffin and HaY

Many years ago gold was discovered
in the granular beds and upon the
sandy shores of the Colorado river in
| San Juan county. Utah. says the Rich
/ field Advocate. A few prospectors from
I San Juan and Wayne counties Travelled
! TO the distant domain in search of
wealth and were later Joined by others
/ from Colorado. The auriferous sands
shortly yielded many colors in the pan
and daily new discoveries were made;
/ but the tremendous expense of its
| handling caused by the inaccessible
/ character of the country and the long
/ distance from railroad centers, ate up
most of the profits. In spite of this
! the districts fame was spread and a
mushroom boom followed. Capitalists
and prospectors rushed TO the scene of
the inordinate hurrah and returned dis
gusted, giving the region 4 black eye
that Will require years 10 efIaee
TWO PROMINENT OPERATORS.
Two of the few men who have stayed
with the San Juan country from the
first. succeeding in their own operations
ana proving that the field is worthy the
inspection and serious consideration Of
conservative investors. are L. NJ. Chat
lin and ". 3. Hay. who were in Rich
field last week. For some time these
gentlemen have been experimentin,,
the gold in the dirt and now believe
they have hit upon the proper shing in
a very simple process of exclusive
amalgamation.
Messrs Chaffin and Hay have drawn
regular dividends from their orll IN
the Colorado for the last three years.
The extent Of their doings is seen in the
fact thai within the year past they
have paid out $1,000 for LABOR ard SUP
plies at Lea. Wayne comfy, their seat
of operations.
Hay Is known as the man who first
made a success of the California bar.
II miles above Halls crossing Of the F.
river. He managed that diggings in 1
1884 and it has been 4 paying proDo- !
sition ever since.
TIED Up BY \ LAWSUIT.
The TWO San Juaners were brought /
to Richfieid by Il little litigation oyer
the Independence. d placer eigh; miles {
below Halls crossing. For the last
three years Chaffin and Hay have been !
working the claim. They were inter-
rupted recently by an injunction issued
at the complaint OF DR.. w. II. Schock.
Of Plateau, who alleges prior possess
sion.
The Moquie, another Chaffin propo-
sitiOn, nine miles above The crossing
and near the, mouth OF Hansen creek. is
now lying idle but will he given a force
Of ten men about the middle Of Au-
gust.
The Good Hopes SO-foot wheel, dam
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-24
ACTIVITY IN THE PIT.
Ajax, Geyser, Dexter and Little
Pittsburg in Good Demand.

There was a revival of business in
I the pit of the exchange yesterday and
some of the brokers We're reused from
thir Rip Van Wrinkle sleep long enough
! 10 record several sales of stock on the
board.
The listed securities were given more
careful attention than has been the
case for the past week. and some ad-
Vances were noted Ajax was one of
the stocks TO lead out and at the close
1t had transfers to its credit Geyser
was also a favorite, and registered
sales at the regulation quotation of the
past few days. Mercur was unchanged
in the bidding and fell off a few points
IN the offerings. Mammoth, however
chronlcled good advances and was in
active demand at gradually rising fig
ures. Geyser-Marion was inactive but
very firm at $l.275s in the bidding and
S1.321s asked.
The unlisted stocks also attracted
considerable attention and received
recognition at the hands of the brokers
in the way of sales. Little Pittsburg
figured in the dealings of the day, bur
at decline; while Dexter was a sur
prise to most of the brokers, as it
changed hands readily at s1.75. Swan
sea was in better form than on the
previous day and got back to the old
quotation of 81 bid and S2.25 asked
South Swansea was depressed although
fairly nrm in the holdings Emerald
was strong at the quotations given be
low, while Sacramento was badly de-
moralized and sustained losses in the
bidding as well as in the offerings
The transactions of the day were as
follows:
SALES OF STOCK.
$50 Ajax at 45 cents.
100 Geysor at S1.22k
200 Dexter at $1.75.
LOCO Little Pittsburg at 31s cents.
Total sales, 1,450 shares
Value of sales, S575.
The closing quotations We're as fol-
lows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-24
WAR IN THE PHILIPPINES.
Now it is Said to be Practically at
an End.

san Francisco, June 2S.-Aecording TO
advices received today Der the steam
ship Glenshiel under date Of May II. the
war in the Philippines is practically at
an end, as only three outlying districts
remain to be conquered by the Spanish
troops. Governor General Rivas has
issued a proclamation calling in the
troops in the province of Cavite, in
which he says:
The nation viii celebrate the happy
termination of the war cOincidcntly
with the birthday of its august sover-
eign. and associating himself with the
national jubilee, and in interpreting the
noble sentiments of the Spanish people.
King Alfonso Nil, ever clement and
magnanimCus. designs to celebrate the
triumph with an act which. drying
tears and DardOning the errors. will
contribute to the work of Cancellation"
1t is reported that the victors have
been guilty OF extreme cruelties and
that prisoners and suspects have been
tortured and more slain numerically.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-24
AFTER FOREIGN HEATHENs.
Blind to the Fact That There Are
Many Heathens at Home.

San Francisco, June 23.-The Morn
ing Star. with its captain and crew Of
Christians is ready to make another
tour among the Cannibal Islands in the
south seas. The vessel will be manned
with men who will preach the gospel
to the natives Two young ladies viii
also go out as missionaries. They will
make their future residence on some OF
the little islands, where they will con-
tinue their work for life.
The Morning Star is a barkentine-
rugged vessel with auxiliary steam en-
CINE and is owned and maintained by
the American board of missions.
The ladies in the party which viii
sail tomorrow are Miss A. DIN, Miss c.
Huppin. who will start a training
school on Kosale, on of the Caroline
group, and Miss Beulah Logan, who
has been attending school in Buffalo
Miss Logan will rejOin her mother on
the Caroline group and take up kinder
garten work among the natives
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-24
London FINANCES

New York. June 2S.-The Evening
Posts London financial cablegram: The
stock markets maintain inactive, but
strong and hopeful, especially as re-
CARDS Americans on the steady support
in New York The feeling in Ameri-
cans is very bullish and something de-
cidedly adverse will have TO occur 10
prevent a least further moderate rise.
Other markets were good. notably
Kaffirs, which. together with Ameri-
cans. are being quietly bought by large
investors.
A feature in the strong demand for
India council drafts 600 lakhas being
applied for today.
The Paris and Berlin markets were
quiet
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-24
Articles
Boston Wool Market.

Boston. June 23.-The American Wool
and Cotton Reporter viii say tomor-
row:
Sales of very fair magnitude con-
sidering circumstances. have taken
place during the past week. The ten
dency is unquestionably fiTmer. es-
pecially in Australian woods which
have appreciated half a cent. Manu-
facturers have been in the market to
a limited degree. Most of the attention
has been to foreign wCols, although a
fair amount of territory. California and
Oregon woods have been disposed Of
F1eeces remain exceptionally quiet. and
a falling of is noted in the sales of
South American crOss-bre
Sales in Boston for the week aggre-
gate $3.50. leo pounds. Of which 2.IiS.50
pounds were domestic and +1Sl, 500
pounds foreign