davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01
STOCK IN UTAH MINES
ALL SHOOTING UPWARD
Constantly Increasing Business Being Done On thl
Salt Lake Mining Exchange.
Development of New Mines and Big Strikes In Differen.
Camps Give Healthy Tone to Market.

business actually done. For a city of
less han $4,000 population this is a
noteworthy showing.
The year opened u~nfavorably and
lowering, not only for new mining I'M
dertakings, but a quietus was quite
generally evident in explorations in old
properties Of worth, and there was no
eagerness or heart for speculation.
When war was declared, in April, all
hope Of better conditions during the
summer tool wing. However, unlike
the hot period OF 1897, in spite of the
uncertainty and scare in regard to all
Investments, the exchange remained
open and did business throughout the
long weeks Of unusual sultry weather.
The steady demand for these shares,
throughout the upset monetary war
scare, is mainly attributable to the I'M
questioned worth of the mines repre-
scented by them. Spain had hardly
cried Hold! Enough" and begged a
cessation of hOstilities for a term of
peace pow-wow, when, first, local
money came forth to advance Develop
ment in the mines and the a little
later this was followed by outside own
ers resuming work. 1t was not until
several important ore ~uncoverings were
made in the different shipping camps
more particularly at Tintic-that the
stock market gave the premonitory
inklings of the gathering boom which is
now on. 1t has a substantial founda-
ton, for the discoveries in the mines
have preceded and added fuel to the
blaze.
1t is commonly said, and is probably
true, that nine out of ten who have
dealt in the favorite shares the past
twelve months have made handsome
profits. The few who have not realized
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01
Totals ...........$ ST., 362, 641 IS sSS,114S2s 90

There are ten banks in the Clearing
House association-the National Bank
of the Republic, Wells, Fargo & Co.,
the Deseret National, Mccormick q Co.
Walker Bros, the Commercial National.
the Utah Commercial & Savings. the
State Bank of Utah. the Bank OF Com
merce and the Utah National.
To these should be added the Titan
Title. Insurance & Trust company. the
Salt Lake Valley Loan & Trust COM
pany, B. II Schettler, lions Savings
Bank & Trust company. z. e. McGur-
rim & Co., and the Western Loan &c
Savings company.
OF course, with all but the national
banks, the amount of capital and sur
plus invested in the banking business
in Salt Lake City is estimated. but in
getting the information, the opinion of
one of the leading bankers of Utah was
obtained. The sum totals uD S1,OOo,O GOO.
A very careful estimate was made by
the same banker of the deposits in all
the banks of Salt Lake. the amount be-
ing $12. O50. coo, which is vOuched for as
being very close to the actual amount.
The capital and surplus of the ma
tional banks of the city is: Deseret Ma
tional, $500. 900; Commercial Nation2l.
$219, 600; Utah Commercial & Savings,
S207, 600; State Bank of Utah. $26S, 900:
National Bank of the Republic. 1884, coo:
Bank of Commerce, $4,000; Utah Ma
tional, S206, 600.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01

steadily moved up from S1.95 to very
close to 81. 1t paid $50. 900 in dividends.
South Swansea, from January to jan
uary, did not bulge much more than
government bonds, while it paid its
shareowners $40, 600.
1t would be futile to go through the
list of speculative stocks and cite the
doings of each, for that is conciseiy
old in the table. Those not mentioned
specially are non the less noteworthy,
only their dealings have not occasioned
any remarkable sensations. Northern
Light is the star astonisher. These
shares began the year around 40 cents,
suffered a total eclipse when the last
10-cent assessment was due, then
sprang anew into life on cutting a bo-
nanza ore body in virgin territory, and
closed December above so cents. Dex-
ter launched forth in January at $1.25,
softened below the 81 notch, caught it's
second wind and scared to $3.50. If
half he good things said of the mines
are true, it will step onto the dividend
ladder by August, 1S99-if not sooner4
Valeo was another ne~rve-thrilling eye
opener, selling in July for 20 cents it
did business in November above S1.5O,
and winds out the year one of he
strongest on the list. Overland might
have been bought for 80 cents a year
ago.. Now, extensive ore reserves are
opened and the shares-most of which
are owned in Boston and New England
are firm at 81, or higher.
a galaxy of new and old Tintic
stocks recently have sprung and are
springing into favor. Eagle & Blue Bell,
at n bound almost, went from 81 to
81, and holds strong at $1.75. Star Con-
solidated in four months swung from
80 cents to S1.45. Joe Bowers moved
from 5 cents to 30 cents. Four Aces
advanced from 3 cents to II cents since
last New Years, and apparently is still
to advance. Tetro was an Offering
around 3 cents a few weeks ago, and a
fortnight since, between two uns. it
was strong at Is cents. All have some
thing of merit behind to warrant the
strong demand and rapidly advancing
prices. and the list is by no means
complete. Sunbeam and HomeStake
have each made an upward leap of 100
per cent advance within a month. In
fact. Homestake has gone up 600 per
cent. Lower Mammoth mas vibrated
down and up to satisfy the most alert
Spectator. Ajax went from 81 cents to
S1.S5 and back TO IS cents in ten days,
doing business at all stations going and
coming. This was a December sky
high-jinks, first gaining, then losing 20
per cent to 40 per cent once or twice a
week.
Ontario. Utah, DAILY, DAILY West and
other old heroes end the year far
higher and in better form than they
began. Horn Silver has held about the
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01

The mining stock exchange has en-
tered upon the fourth year of it's use
fitness.
Three years ago. on the 10th of De-
cember, 1895, the organization was ush-
cred into existence, the idea OF the pro-
meters Of the enterprise being to open
ID way for the establishment of official
quotations on mining stocks, so as 10
enable holders and would-be buyers TO
determine the value of different secur-
tiles, in order that all who desired
might deal in them
The board was also organized in or
Ger TO provide for a meeting-place for
the mining-share investor and the
stock dealer-the buyer and selier-not
with the expectation of being able to
record heavy stock transactions. but
to promote the listing of mining shares,
the making of official quotations and
the keeping of a record of transactions.
in order that the public might be pro-
tected, and business facilitated
When the exchange was first estab-
lished, I never dreamed that in time
it would grow until it would De able
to rank as the most active
mining stock board in this or
any other country, or that its
daily sessions wou be attended
by hundreds of people who were in
some way interested in mining stocks
or mining share transactions. and L am
pleased as we'll as surprised at the
large volume of business which invar-
iably characterizeS the daily calls Of
board.
For a long time the success of the
exchange was doubtful. Many mem
bers lost interest, and failed to regu-
larly attend the daily sessions. and
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01

most remarkable deposits of iron ore in the world is N Iron coun- \
ty, which takes its name from it's vast beds of the most useful of \
all metals. It lies in prodigious parallel belts, of which is +
described a being sixteen miles long by three miles wide. Experts =
declare there re 500, OOOO 900 tons in sight. It runs 90 per cent =
metallic iron, with but a trace of sulphur and phosphorus. 4
When that region of mineral miracles is penetrated by a railroad, =
as it soc will be, the eyes of creation will be made stick out past y
its hat rim with amazement and admiration. Iron is found in all +
= the region about Ogden, in Box Elder, Morgan, Cache and We y
Der counties, and in nearly, if not quite, every other county in the \
state. 4
Great Salt lake would supply the world with salt and never y
vast Wasatch peaks, of solid rock salt, 81 pure and clear that 4
ca read through a block of it, and similar deposits arr found near 4
Nephi and in a number of other regions. The winds sometimes in \
a single night pile up hundreds of tons of sulphate of soda O. the 4
shores of Salt lake; and just below Mani are the saleratus beds, :
where for several miles the whole earth is covered with an efHores- \
cent soda sufficiently pure for household use Copperas, almost !
pure and in large quantities, has been found in Spanish Fork IN \
yon. Roofing slate, of indispensable quality, and of many colors, :
abounds o N Antelope island. Ozokeite, O mineral wax, has been ,
discovered near Soldier Summit 1t is proof against water, air and !
= acids, and can be used to render other fabrics equally impervious. !
It is q perfect insulator, and is largely used for phonograph cyin- \
des and cathedral candles. In its natural state it is black and !
waxy; when refined it becomes white and almost translucent. No =
ordinary heat softens it. The only other known deposit If it in the =
world is in Russia, and is said to have ielded s3oo,Oooo 600. Gil :
sonHe, named for the veteran prospector, Sam ellison, who discov- \
cred it, is found in exhaustess quantities near Price station and in \
= a number of other places. It is said to be 90 per cent pure asphalt !
= tum. Cowboys and hunters bring reports of a great lake of as !
phaltum, somewhat like that of Trinidad, in the Green River region,
= in which the cattle get stuck like flies on sticky fy-paper. Near
= Agate station IN thousands of acres of superb water agates. Some
specimens five feet in diameter, fawless and beautifully tinted,
have been found, and among them carneians, ne of which meas
= ures five inches across. But why go on with enumeration? It would :
= require a volume as big as an unabridged dictionary to hold the !
mere muster roll of Utah resources and products. There is scarce
ly anything in all the catalogue of human needs OF greeds that is =
not supplied in this vast Deity-nade storehouse. \
= = y y Z + 2 p y e = = = r y = y r y y y y = y y y y
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01
H.:
President Salt Lake Mining n Stock
Exchange.
COUNTY MEDICAL SOCIETY.
Physicians Have An Effective am
Excellent Organization.

Physicians Have An Effective and
Excellent Organization.
The Salt Lake County Medical So
ciety was organized in Salt Lake City
in 1875. 1t is composed of the most
prominent members of the medical fra
ternity in Salt Lake City and county.
AT present there are seventy-five mem
bers Of the society. The following are
the officers for 1899:
DR.. Robert w. Fisher, president; DIR.
Edwin l.. Thorn, vice president; Dr..
Salathiel Ewing. secretary; DR.. Mich
ael A. Hughes, treasurer; DR.. William
w. Belts, librarian.
The object of the society is the culti-
walton and advancement of the science
by united exertions for mutual i'm
~provement and contributions TO med
ical literature. It has also for its OBJ
ject the separation of the regular from
the irregular practitioners, and MAIN
tenance of union and harmony in the
profession in the city and it's vicinity.
The regular meetings are held hi
monthly in the city and county build
ing. At these meetings discussions of
cases are heard and opinions of the diff
ferent members given. The different
modes of treatment and anything of
value to the public health is introduced
and measures taken for influencing the
officials to maintain the public health.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01

even the public grew Indifferent: but.
during the past eighteen months. there
has zen al increase in the volume
of business. an increase in interest
taken in the transactions in the pit,
until now the people OF this city talk
more account of the daily call than of
any other feature of trade and COM
merce, the business and dealings in
mining stocks ranking with any other
industry in Salt Lake, while this
activity in stocks is having-a beneficial
effect on the mining industry all over
the state, and is stimulating nearly
every other branch of business in the
city.
The exchange has been the means Of
much good for Salt Lake and
1 Salt Lakers. and 1 believe hat the
measure is not yet full. and that in the
future the daily record of transactions
in the pit will greatly exceed h best
days that the organization has ever yet
Witnessed.
Sensational advances and startling
declines lend interest to a mining share
market, and tend to promote stirring
business The year just closed was re-
plete with such movements. while the
general trend Of prices from January
to the end of December was steadily
upward. Under such ailuring auspices
ii would be remarkable, indeed. if 1898
was not a good year for brokers. as
well as investors and spectators in
Utah mining stocks. In truth. it estab-
lished a new record. both in volume OF
bona fde sales, and in the standing and
personnel of the Salt Lake mining
stock exchange. The interests of deal
ers are safeguarded, and it's pres
ent standing compares favorably
with any like exchange in the
country, and it IS receiving
generous support and approval
Of a rapidly increasing host OF local
and outside spectators.
The remarkable growth in the bust
ness on the exchange since Jan. !. 1898.
is best appreciated by this table. which
gives the shares sold each month. and
their market value. From all evidences
obtainable. it would seem that the
present activity will continue for a long
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01

same throughout. Galena started Jan
uary around so cents. struck II cents in
October, hen moved up to above 60
cents in December.
Since the middle of November there
has been a brisk move in Incorporating
new companies, and the last three
weeks of the year turned out several
each day. A good proportion have
properties of worth, and nOt a few of
these shares will figure c-onspicuously
in the 1899 trading. They cannot be
spoken of in this birds eye glimpse of
the business of the past year. Perhaps
the best barometer by which to guage
the status of the Utah mining share
trading is in the selling price of the
seats on the exchange. a year ago
they could be picked up at from $40 to
$50 each at any turf in the street. In
the middle of December four seats
were sold at auction, and they brought
from S235 TO 1920 each, and later the
same day s425 was refused for one of
Them. One was bought by a well
known Boston firm and another by a
Chicago broker.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01
FINANCIAL INSTITUTIONS.
Salt Lakes Bank Clearings Show an
Immense Increase In 1898.

The thermometer of trade. after all.
is the clearing house. The figures for
the year indicate the volume of bust
ness, and a comparison of h figures
for the year just closed with those Of
1897 tells the whole story
Here it is. an increase for 1898 over
the preceding year of nearly $11,5O0,O90.
or, to be exact, SO, 752,1S2-
The biggest month of the past year
was December, with $9.5oS, SS3.45. and
the smallest. May, with S6.133,S92.11.
The clearings were heavier during
but two months in 1897 over 1S5S-Oc-
tober and November. December. the
holiday month, showed the heaviest in
crease for 1898.
Following is a comparative statement
of the clearings for 1897 and 1888. with
the last a estimated:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01
Fire Department.

The Salt Lake City fire department
is a very efficient organization, and
though possibly inadequate for a city of
such size, yet the service rendered has
been very satisfactory. There are two
stations in the city, headquarters being
situated near the heart of the business
district.
The apparatus in use is of the latest
and most improved pattern and the
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01

horses are all strong, healthy, intelli-
gent animals, which are we'll trained
to their work. The men are efficiently
drilled and it requires but a few sec
onds to respond to an alarm. The alarm
system is in excellent working order
and but few false alarms were turned
in during the past year A great many
runs were made, but owing to he
promptness of the fire. department no
very serious fires occurred.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01
GREAT INCREASE
OFJOBB|NG TRADE
Salt Lake Wholesalers Had a
RecOrd-breaking Year.
o OF PROFITS
TOLD BY FIGURES
-4-
Their Business Reached Nearly
$14,OO0,0OO.

Zion the Metropolis of Five States
Its Great Importance as a Trade
Center Demonstrated By the Sales
of It's Merchants-Rosy Colored
Picture-Gradual Expansion of
Trade Over Whole Intermountain
Region-Foreign Competition
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01

each month, except when there was no Saturday
and in convenient form this table affords the
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01
...................4,1S4,S51 s1,26S, ss4 SO

These handsome totals do not tell
the entire story of tine mining share
trading at Salt Lake City, as the Off
board transactions. at times, far ex-
coed those made on the call. Taking
the whole year through il IS conserva-
tive to say that doubling these figures
for zach month will about represent the
Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1899-05-24
Tahoe Railroad.

u. L.. Bliss and w. S. Bliss of ,bs
Lake Tahoe Transportation COMPANY
were In Truckee Friday. w. S. Bliss
Win a surveying crew, has surveyed
the route for the new narrow-ouace
railroad from Truckee to Tahoe
several miles down the road this way
from the lake. They began this morn
ing surveying from this erd Of the road
as tne contractors who will do the
grading want to start their work from
this end.
The grading will this
week Work will be started abova
Marzen's slaughter-house and con-
tlnue up the river. This end of the
road, from the slaughter-house this
way, will be left to the last. Ahort
loo men and twenty teams will be en-
pleyed by the contractors who are to
40 the grading. According to the
the grading is to be fn;sbad
August LIST. 1t will DO but a abort
after the grading is completed
ahtli the track will be laid and trains
'unning over the road. -1'rucksa E..
publican.
Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1899-05-24
STANDARD Oil Scheme.

Los ANGELES. May 21.-Two rem
resen1atives OF the Standard OH Com
Pany have been in Southern Califor-
MA Tor several weeks. They are
making a thorough investigation of
the oil districts. 1t is asserted r.,
what IS believed to be reliable author
''y that the Standard Oil Company
proposes to enter the Asiatic marlst
Tor refined oil with the output of the
Coast oil fields, provided the
experts report favorably.
Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1899-05-24
Worth Seeing.

The following are the scenes 4no,
VIII De shown by the Edison projecto-
scope at the band concert at the 6nara
House May Both:
The Black Diamond Fxnre.s -.
SIKH Cavalry M%aneuvors, ,.Water-
melon Contest" 'Cavalry Leanino
o0s''oies. How the Flag Was
Chnngek in Cuba. ..Snr,ende,. oI
Gen Ioral. "Up-to-date Cake Walk"
Jon Makes a D~.soovery." ,.Arrival
OF the IaIiy-ho'" "hufalo Fire De-
partment," Race Track Scnnar
IN Victorious White Squadron"
Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1899-05-24
Volunteers to Return.

Washington May 22.-In anticina.
ton OF the prompt return Of voIuntaer
troops IN the Philippines. the Scare
tary Of War today telegraDhed in
structions to General Shafter. Cam
handing the Department at San Fran
CISCO to establish a model camp at the
Preside for the accommodation If IN
oVo volunteers from Manila pepdino
IaeIr muster out. General Shaftar i
'rS1rnc'ed particularly to make pro-
vision fos water supply and sanitary
eature7 ito the end that the camn
may be comfortable and heaItbfu1 :.
lie Is informed that bed sacks ire To be
furnished and floors laid if he thinks +,
advisable. The returning troops will
leave their tents at Manila. but will
bring their field ranges and cookinc
outfits, The Quartermaster.s Denar,
llent has been ordered to SUNNY tho
4eceSSafy tents to the camp at the
Preside.
Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1899-05-24
Now is the Time

ouy your furniture and bedding; will
"llo" no one to undersen us: Won can Inv
ne" goods as cheap as Old: We have .
'"'Ee ne" assortment always on hand;
'''"'' faSSe~, lounges and bedroom suits
ana any Thing in the furniturr line. MOI,
III stock vii! be ordered nj eaauogue
prices with but a small commission for
taxing Fi~N Of damage. Remember the
P'"ce-"e", ". NltlIneyer's furnfloro
store.
Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1899-05-24
Not COmpuls0Iv.

ne arguments in the GubernatorjaI
contest Case has directed attepti N +o
me TACT hat no person is required to
attend as a witness before any Court
'0ose or Justice, referee or other Off.
Ger out Of the county in which he re-
unless the distance be less than
'nlrfy miles from his place Of residence
TO the county Of trial.
Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1899-05-24
POPULAR STORR
POPULAR GOODS
POPULAR PRICES
R v. DA
fAEAkE t~LpTlIIE.r
1AFKEE CLoTHIEs

II you anticipate camping this season, now is the
'lne 10 make your Outing Suits. Don't leave it until
me last moment; be well prepared when you go; YOU
Will reel much better. You are cordially invited to
N'i anu inspect the large variety we are showing this
eeh covert Su1tlngs in brown, green, blue and
D' NJ, d 15c per yd; Blue Pilot Cloth, fast
'' eoine'n1ng new, at 1890 a yd; Fancy Crash
ou1t1ngs at 1oc, IL 1-2c, nc, zoe and
~ pieces OF fancy Scotch Lawns at &C per ward. -
pieces P!a'n and Fancy Plque; att the rage for dress
Sk'rts' aoe per yard; so pieces Fancy Percales. full
YARD wide, handsome designs, 1oe per ward. A new
assortment OF Fancy Stock Collars to wear with S,irt
Waists. Call and See Them.
Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1899-05-24

Trlb cures bruises and sprainr,
r K Co,o..
for the South.
Nash Cornado was an arrival ~
passenger
Warren Keith Was
ROD; departure lol
Hool-1ofdon setter dog. Return
10 the Emporium ard receive reward
San Francis Isst ""s d departure for
Miss Mamie ellison spent Yesterday
on the Comstock
John sullivan, night Waterman a,
the depot, left for a trip to the Rar
last evening.
The sewinc ma.l
Inc award at the Worlds Fair was the
"hlte. {, w. Friend is the agent.
Whcnitg gets hot Won will \.
youdid not buy more Of those q y nn a'
Sl'oo that are to be sold TODAY far o. .a
N'Aen''
trSsh hats in a variety of the lates.
Cbosn fas neiIy 'o'' Arlington block.
the genial repre-
Francisco is in town.
The Washoe shoe for man a,a
the latest, nobbiest and best article in the
. ~ ,,le, see them to-day at Kelly Co.'S
y sbjrt 'ne opportunity of getting
,no.aI .aI. "e'p II SD Nohens today
'ee"'S'
c, ". Friend has aooa,.
agency for the White .a,,i,n aa~
he ladies are invited to an a.l. +
store and i~usDert II LIS ;
..DS Vi 9V"te Howell departed +
iur Keno last evening to cofnnIata -, !
tba ru. " 5"Hho be- 7
.rarsor A+L1..: =, ' V0iN anu the f
a
Don't forget that the Irrr 1