davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
Wall Street Gambled Heavily On
Dividend Expectations.
SPECTATORS DECEIVED
STOCK ROSE TO lis AND
DROPPED TO 10.
Dividend Was Only 21a Per Cent,
When 80 Had Been Expected
Heavy Blocks Thrown Upon the
Market and the Conditions Were
Panicky-Bonds Dull and Firm.

New York, Sept s.-St. Paul made the
market this morning and broke this after
noon. Trading was not on large scale
during the day and all interest centered
in the meeting of the st. Paul directors TO
act on the dividend. The rumor mongers
fixed the dividend rate on the common all
the way from p. to S1s per cent Those
who said that it would be 21s found little
credence and the continued Iirmness OF
the stock in the face of the recent heavy
tone of the market and the confident and
heavy buying of the early hours of today
seemed 10 justify this incredulity.
There was large buying OF st. Paul here
for London account and there was very
the close there, according to cabled re-
ports.
The price was rushed up to lis without
any attention being given to warning
statements that very powerful interests
in the directorate We're opposed to Many
thing more than the 212 per cent rate. The
eager bulls pointed that the recent in
crease in the Burlington dividend was kept
enshrouded in the same mystery up to the
moment of its declaration, when the stock
led violent upward movement, The
showing of the company for the last fiscal
year was cited as confirming the conh-
dence in an increased dividend disburse-
ment, the earnings applicable to the COM
mon stock having amounted to 3-10 per
cent after extraordinary heavy expendi-
lures for improvements charged to operat-
ing expenses. When the announcement
came about go p. m. that the directors
had made the semi-annual dividend of
only 21a per cent the price dropped with
out check except for momentary pause at
each even number to 110A, which was AZ
per cent below the best.
Numerous blocks of many thousand
shares were thrown on the market with
a precipitate eagerness and the market
speedily took on panicky conditions.
Rock Island fell in sympathy points,
Burlington 2, Peoples Gas 212, and North
ern Pacific preferred rs. The demoraliz-
alton caused by the break in st. Paul
came on a market showing considerable
strength and at a level materially above
yesterdays close.
The rate for call money, after going
to per cent, eased off to under the in
fluence of the engagement of 100000 gold
for import.
Bonds were dull and firm most of the
day, but they yielded in later dealings.
Total sales 100000. U. S. old As regis
tered, the IS and the IS when issued ad-
vanced Il per cent in the bid price
The total sales of stocks today were
5S6, 800 shares, including $500 Atchison pre-
ferred, 81 $50 c. b. & O., Is, 120 Manhattan,
$50 Metropolitan, 4015 Missopri Pacific,
q, $40 Northern Pacific, q, 020 Northern Pa
cific preferred, Y $50 Rock Island, $50
Union Pacific, 153, 1856 st. Paul, Il, $50 Union
Pacific preferred, 81 42 U. P. D. & G., 3,240
Cotton Oil. A. 20 Tobacco, 1925 Chicago
Great Western, 20, go Peoples Gas, 5000
Sugar, 5,622 T. c. & L, 4. 40 Leather pre-
ferred 100 Rubber
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
THE GENERAL COMMON.
A Stream of Water Brought to This
Gold Property.

Richfield, Sept. For the past two
days w. F. Mitchell of Gold mountain
has been in this city. For the past two
months he has been working on a con-
tract to bring q stream of water from
Voigt Springs, at the head of Fish
creek, on Gold mountain, to the Cen
eral Conner mine. The length of the
ditch is a little over three miles and
along the way 1000 feet of f1uming was
needed.
Mr.. Mitchell reports that he will de-
liver to the General Conner 35 miners
inches of water the year round, and
with the exception of about two months
in the year he can deliver more than
twice that amount. He also reports
that by taking advantage of the 800
feet fall this amount of water will be
sufficient for power and mill purposes
for a 50-stamp mill.
1t is not known definitely that ii is
the intention to erect a mill on this
property. but it is thought by many
that before snow this winter a mill
will be working full blast.
Mr.. Mitchell left for Salt Lake City
this evening, where he will remain for
a few days and will then leave for the
state of Sinaloa, Old Mexico, to look
up some of his mining interests in that
region, and also in the interests of the
Mitchell amalgamator.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09

states that in the near future it is more
than likely that Daisy stock will figure
and be offered for sale on the Salt Lake
as well as on the eastern market, and
it is safe to say that in time this stock
will build up a reputation as one of
the most popular mining securities ever
called in the pit of the Salt Lake ex-
change, as it is freely predicted that
within 80 days the company will ap-
pear on the boards as a regular divi-
dend payer, as, at the present time, the
company is free from all Indebtedness,
has money in the treasury and is max
ing good money with it's mine and mill.
The Daisy mill is now treating 100
tons of ore daily that will carry gold
values of about $3.50 to the ton, the
extraction showing a recovery of from
so to IS per cent of the assay value OF
the ore, while, as if the outlook for
the enterprise was not already bright
enough, it is learned that in all the ore
faces in the various workings of the
mine the values have been steadily in
creasing of late.
Less has been said of the Daisy than
of any other mining enterprise in Camp
Floyd district, and yet it can truth
fully be said that no other property
has met with the unqualified success
that has marked the history of this
mine from the very first, and that 1t
has the making of a great dividend
payer goes without saying.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09

hi, deaI was contaminated in this
citv Yesterday which has been in hand
for several weeks past, being nothing
less than the sale of $4,000 SHARES ot
the stock of the Star ConsohoaIeo
Mining company to Messrs. L. Il. hl'ei'
C. V. Wheeler, Rome Wheeler anu
Tommy Croxall, all of whom are Of
ficers of the South Swansea Mining
company. .,, c+or
The Star Consolidated, or North star
mine. as the property was commonly
known before the incorporation OF the
present company, is one OF the pes'
known gold producers OF I1nuc us
trict, and as such has attracted tne
attention of mining men throughout
this intermountain region
The property lies within mile or
so from the South Swansea at Silver
CITY and none are better acqualnteu
with its merits and value and future
outlook than Messrs. Ritter, wheeler
and Croxall, and the fact that they
have become heavily interested IN the
stock of the company speaks more
highly in its favor than woulo Columns i.a
of newspaper articles or glowing re-
ports from noted experts and geolo-
gists.
For several years past the Star Con-
solidated has been what is generally
termed a "close corporation, but up
to within a short time ago, when the
property formed the basis of an incor-
porated company 1t was known tnaI
the output and earnings of the mine
had been something handsome
During the past year new steam
hoist has been erected at the mine;
extensive developments have been the
order of the day; the original group OF
four patented claims has been ADDED
TO by the purchase of adjoining prop
erty, also patented, while in the work
ings of the mine new and extensive
bodies of heavy shipping ore have been
disclosed of late, it being learned that
in the winze from the 300 level depth
of 116 feet has been attained, the en-
tire distance disclosing a solid body OF
marketable ore, while the showing in
other portions of the mine is equally
as fattering.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
Postofice Clerks Elect officers.

Boston, Sept. Sat the final session
of the National Association of Post
office Clerks today, the following Of
ficers were elected:
President. Thomas Donnelly. Brook
lyn; firse vice president, H. H. Schaurl-
loeffel, Kansas City; second vice r.tS!
dent. John F. Reinicker, Baltimore:
third vice president, Miss Mary A
Lawler, Waterbury; secretary, William
Agnew, Cleveland; treasurer, Robert
NJ. Powell. Detroit; chairman eXecu-
tive committee Otto F. Weiss, New
York: chairman financial committee,
Walter Hernon. Memphis; chairman
organization committee, August A.
Meiss, New Orleans.
After choosing Memphis as the next
place of meeting. the convention adj
journed until next year.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
Mininp Notes and Personals

It is reported that the Golden Gate. at
Mercur milled II 500 tons of ore during
the month of August
Nels Youngberg, the bookkeeper for the
Old Telegraph, at Bingham, was in the
city yesterday on business for the COM
pany.
z. Mueller of Rochester, Mont, has an
other lot OF cyanides at the Consolidated
Kansas City sampler from his cyanide
works.
John A. Hunt, president of the Mayday
Mining company, operating in Tintic, was
in from Eureka yesterday to attend the
Woodruff burial services.
N. A. Dunyan, the efficient superintend-
ent of the Observation-Disclosures, took ad-
vantage of the excursion rates yesterday
and visited relatives and friends in this
city.
There was an active market for Nam
moth on the curb yesterday afternoon at
40. Sales of Four Aces were reported at
ga cents. while Valeo made transfers at
IL cents.
Angus Buchanan, who is one of Milford's
leading business men and who is inter
ested in number of mining enterprises
IN the southern country, was in the city
yesterday.
There was no call of the mining ex-
change yesterday morning, as many of the
members wished to attend the funeral ex-
ercises over the remains of President Will
ford Woodruff.
Milan Packard of Springville, one of
the old time successful miners in the Sill
yer City end OF T1ntfc district, was hob
nobbing with friends in Zion yesterday
and at the same time attending to some
important mining business.
Orson Robbins of Huntington is in as a
delegate to the Republican convention
which conveneS today. Mr.. Robbins states
that although it is quiet around Hunting
ton that still 1t is reported that johnson
and Lott, two Huntington boys, have dis
covered ledge of good ore near Trappers'
cabin on Price river.
Jesse knight, of the Humbug and Upcle
Sam. at Eureka, was in from Provo yes
terday. a speaking of these two noted
producers Mr.. Knight stated that while
the uppe- ore zone in the Humbug had
been nearly worked out that the Uncle
Sam was looking b9ster than ever before
and that work in its extensive explora-
ton was being pushed. as a shaft was !
being sunk to the deep, having already |
reached the 675-foOt level, with the expec- |
tation of going 10 the 900 or 1,OOO-foot |
station before drifting for the vein be- |
gan. a shipment of ten cars of Uncle |
Sam ore was settled for by the smelters |
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
GERMAN ARMY SCANDALS.
Emperor Furnishes a Prince and Of
ficers For Gambling.

Berlin, Sept. S.-A painful scandal has
arisen in one Of the regiments of the
Dragon guards, where the officers
have been playing baccaIat for high
stakes OF late. Prince Albert of Sake
Coburg lost $4,000, and Lieutenant
Goetz his entire fortune at one sitting
a quarrel arose between the latter and
another officer. which led to a chal-
lenge. The colonel of the regiment re-
ported the matter to the emperor.
Angered by the disregard Of his pro
bibition of gambling, Emperor William
summoned Prince Albert to his pres
ence and ordered him to take leave of
absence until Sept. 80 The other two
officers were cashiered.
A good deal of comment has been
caused by the fact that Lieutenant Won
BruZwitZ. who was sentenced to three
years and 20 days Imprisonment for
duelling affair shortly after he had
achieved notoriety by running labor
ing man through with his sword for
accidentally knocking against the lieu
tenants chair in a cafe. has been lib
Grated a year before the expiration of
the term.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
ADDRESS TO COLONEL HAY
Englishnen Are Stuck On the Ameri-
can Ambassador.

Ceill Ambassador.
London, Sept. S.-A committee of the
-.Anglo-American League, headed by its
chairman, James Brice, presented the
United States ambassador, Colonel John
Hay, today an address, congratulating
him upon mis- acceptance of the port
folio of secretary of state at Washing
ton. The address expressed regret at
his departure from this country, where
you have discharged the weighty and
delicate duties Of ambassador with such
eminent tact, judgment and courtesy as
to win the cordi.l appreciation and
confidence Of the British people"
Continuing. the address says: 1T
has been your fortune to represent
your country here at a time of ex-
ceptional interest, when the war, now
happily ended. gave occasion for an
expression OF the feelings of affection
and sympathy towards the United
States which the British people have
long entertained. but never before have
they been so conspicuously manifested.
You carry back the assurance of the
depth and strength of these feelings.
The principle that there ought to be
permanent friendship and cordial CO.
operation between the British empire
and the American republic is one that
all parties and all statesmen here agree
in regarding as a fundamental princi-
ple of British foreign policy, and by it
the whole people desire that their gov
eminent should be guided. We rejoice
to believe thai in your country cores
bonding sentiments are entertained and
that a corresponding principle is now
largely accepted
Colonel Hay in reply referred to the
qualification he experienced in hearing
such words from men so qualified by
experience and character to speak for
the British people. He added: My
voice has no such sanction as yours,
but 1 give it for what it is worth, to
assure you that your sentiments of
kinship and amity are reciprocated to
the utmost in my country"
The ambassador also said that his
work in England had been made easy
by the instructions he had received
from home and by the frankness and
fairness OF her majesty's ministers,
and of all Engiishmen he had come in
contactArith. He then said: ION both
sides of the ocean the conviction is al
most universal that clear. cordial and
friendly understanding between Great
Britain and the United States is a nee
---itr of civilization I shall hold my
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
LIE ROI MINE LITIGATION.
Receivership Ended and Output Will
Be Increased.

Rossland. B. c., Sept. S.-Yesterday
was the last day in which the British
American CORPORATION could apply for
an extension of the order appointing a
receiver Tor the LIE Roi mine. Counsel
for that corporation admit that no ap-
plication has been made, and counsel
for the Turner interests say this prac-
tically settles the question, and there
will be no more receivershiDs. The
courts order limiting the output to 100
tons per day expires tomorrow. AS a
result the Turner control has increased
the force to 225 men, and, beginning
tomorrow. shipments Will be increased
to $50 tons per day.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
A TEMPERANCE CHRISTENING.
Miss Letter Urged to Baptize the
Illinois With Water.

Chicago, Sept. 8.-The following let
ter was sent from national W. c. T. U.
headquarters today, to Miss Nancy
Liter. who is to christen the battle
ship Illinois:
THE Temple, Chicago, Sept. s: Dear
Miss Leiter-In behalf of the 100000
women of the Woman's Christian Tenn
peTance Union of the United States.
and in particular of the ZOO of our
number in Illinois, We respectfully re-
quest you to christen the battleshiD
illinois. not with champagne, but with
pure water.
I'VE would call your attention to the
fact that the battleshiD Kentucky was
christened with water from the Lin
coin spring. and we feel that there are
enough historic streams in our own
good state to make such an act most
appropriate. We also feel sure that it
would be far-reaching in its influence
for temperance and righteousness. We
know you will appreciate the spirit in
which this letter is written, and will
not feel that We have taken an undue
liberty. Very sincerely yours,
KATHERINE LENTE STEVENSON,
Corresponding Secretary.
Helen NJ. Barker, Secretary
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
Stevenson's Home Dismantled.

San Francisco, Sept. S.-The schooner
Sophia Sutherland, which has returned
to this port from fruitless search for
gold among the South Sea islands,
brought in her hold all the personal
property of the late Robert Louis Stew
enson.
of the gifted author was stripped from
turret TO basement before the Sophia
Sutherland sailed. and now stands in
the midst of the broad acres that COM
posed the Stevenson estate, an empty
SbalE
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
GRAIN AND PROVISIONS.
Wheat Advanced On Bullish News
From Russia.

Chicago, Sept S.-Heavy northwest re-
ceipts Of wheat, a knowledge of which
was in possession of the traders before
the session opened. went long way To-
ward neutralizing the firmness with
which wheat started at Liverpool The
recent heavy and steady decline and the
comparatively low price to which wheat
had already sunk, however, apparently
made friends for the grain and restrained
the ardor of the bears. Liverpool not
sd higher for September and sd lower for
December. Reports concerning the Rus
sian wheat crop were quite bulliSh from
a market point of view, as disappointing
harvests were the general tenor. So far
this season the movement Of new wheat
in Russia has been small enough to give
what appears to be confederation of the
poor crop reports from that country.
Wheat futures were additionally strength
ened near the close by a dispatch from
New York to the effect that Russian grain
exporters who had sold wheat for ship
ments in September to the United King
dom were trying to have the contracts
cancelled, presumably because of diff
Guilty in getting the grain. The close was
5sG34c higher for September and son for
December.
Spectators in corn were for the most
part bearish on account of the listlessness
of the shipping demand. Prices were
steadied somewhat by the strength of
wheat and predictions of frost in Iowa to-
night. The market ruled heavy, however,
Oats followed wheat. There was a fair
amount of business transacted within
a very narrow range. May closed 1sc ad-
vance.
Provisions ruled strong on the healthy
legitimate basis of an excellent demand
cents, lard 171z cents and ribs 10 cents
The leading futures ranged as follows "a
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
DAISY MINE AND MILL.
Destined, to Rank AS One of Camp
Floyd's Bonanza Producers.

Hon. H. E. Cary of Provo, one of the
officers and heavy stockholders of the
Daisy Mining company, operating on
the west dip of Camp Floyd district.
has returned from Boston and other
eastern points, where he met and con-
ferred with the shareholders of the
company, who hold the big end of the
enterprise and who are more than
pleased with the success that has at
tended the company from its very in
ception up to the present time, and
Mr.. Cary states that their experience
in this Mercur proposition has led them
to the belief that mining in the west
beats all other kinds of investments, as
they have realized big money from
their flyer in the Daisy and other
Camp Floyd properties.
AS a result of his visit Mr.. Cary
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
Duty ON SUPPLIES.
Spanish Attempt to Rob the Ameri-
can Government

Spanish Attempt to Rob the Ameri-
can Government.
Washington, Sept. S.-The order di-
recting the payment of the Spanish
duty on the rations carried by the Co.
mel TO Havana for the starving inhab-
itants of Cuba, has been held up, pend
ing further information on the subject.
In answer to a cable message as to
What the duty would be, a reply was
received stating that it would be &C
cording TO the Spanish rates. $4,000 in
gold. No agent of the United States
government has any such money on
hand at Havana, and it may be that
the United States government will take
a different course than that decided
upon last evening.
By the terms of the protocol Spain
relinquishes her right to Cuba, and the
United States government may decide
that it will not pay duties on such car
goes as sent in the Comel.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
Stocks at London.

New York. Sept. S.-The Evening Posts
London financial cablegram says: The
markets opened here flat today. Consols
and most other stocks were Offered. but
the fall was most marked in Americans
which were freely sold on the decline in
New York exchange and on the belief that
dearer money is at hand in New York.
The decline, however, was short lived
and the general smart recovery which has
taken place all around confirms yester-
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
SAN FRANCISCO MINING STOCKS.
San Francisco. Sept. S.-The official
closing quotations for mining stocks to-
Loans and Silver

New York. Sept. S.-Money on call firm.
21saSl5 per cent; last loan. per cent
Prime mercantile paper. 494l5 per cent.
Sterling exchange heavy, with actual bus
mess in bankers bills at 4S4llQ4.S4 for
demand and 4s2szG4s27s for GO days.
Posted rates. 4.S3isGI4.S4 and 4S5ihd4. Sc.
Commercial bills. 4.S11zG4.s 1ss.
Silver certificates COZ d60A. Bar silver,
6Gzs. Mexican dollars, 46%.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09

days cabled statement as to the strong
undertone of the market.
The recovery of Americans was accom-
panied by rurnors that ST. Paul will de-
clare a $50 dividend and a 81 bonus. Main
~ on this report and on the big arbitrage
houses picking up stock prices closed
firm.
A sharp drop in Portuguese securities on
the Delagoa bay report, which is still be-
lieved in many quarters. and the upward
in KaffirS were again features.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
Articles.
Pacific Coast Wheat Market.

San Francisco, Sept. s.-Wheat-No
sales: barley. inactive; December, LII.
Portland, Ore, Sept. S.-Something
over 40 cars of wheat came in today
Buyers who were reported as paying
better than 55c in the interior were
apparently hedging today, as wheat
was refused at 5515c, although sac was
offered.
Tacoma, Wash, Sept. S.-Wheat-
Club, SAC; blue stem, soc.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
Kansas CITY Live Stock.

Kansas City, Sept. S.-Cattle-Receipts,
1000. Market steady to strong. Native
steers. S.5OG5.50; cows and heifers, 200G
4.5O; stockers and feeders, 4.00q5.40; bulls,
2S5d3.55.
Hogs-Receipts, 5000. Medium and light
strong to cents higher, others steady.
Bulk of sales, 3.60G3.70; heavies, S.60ds. 80;
packers. 3.55d375: mixed, 3.50G375; lights
33563.7O; pigs. 3.30q3.70.
Sheep-Receipts, 5000 Market firm.
Lambs, 3.50G5.5O; muttons, 310q4.10
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
Chicago Live Stock.

Chicago. Sept. Seattle were on a
basis of unchanged prices to cents lower.
Choice steers, 5-15q57O; medium, 4-5S9
$50; stockers and feeders, 3.0o946 60; bulls,
calves. 4.5067 so: western rangers, 2S5q
44O; western steers, 410d5.10.
Hogs were 5G7h cents higher. Fair to
choice. SS7I6d3. 50; packing lots, 3.70d3. 721s;
butchers 3S56395; mixed, 3.70d3.S21
light. 3.6Od3.9 7l5; pigs, 2S5QS.70.
Sheep and lambs were in slower demand
at lower prices 2ea5 s sne Choice lambs
500: good native lambs, 4.75a5.5O; western
Receipts@Cattle. 11.OOO: hogs. $4,000;
sheep, 16. 900.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-09
Can Now Assess.

yesterday filed with the county clerk
an amendment to its articles of incor-
poration changing the date Of the an
nual meeting from the third wednes-
day in January to the fourth Wednes
day in August, and making the capital
stock assessable to the extent of 1 cent
per share per annum.