davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
NEARLY A MILLION DOLLARS.
Value of Stocks Sold On Salt Lake
Exchange In Three Months.

Secretary Charles e. Hudson of the
Salt Lake Stock & Mining Exchange
presented his report to the members
of that organization covering the quar-
ter ending Sept. So The most interest
ing feature of the document is the
enormous increase in the amount of
business done compared with the same
period a year ago. During the month
of July the total number Of shares sold
was 746, 490, Of a selling value of $3.50, =
27S.75; in August the total shares sold
was S04, 625, of a, value of 1921, 273.50 and
the September figures aggregated $685.
075 shares, of a value of 1881, 128.45.
1t will be seen from the above that
the total sales made during the three
months named was 2,443,190, having a
selling value of 1921 5000.
During the same period of 1898 the to-
tai number of shares sold was less than
one-half the amount sold in July, the
highest made during the quarter, which
aggregated 254, $40 shares, of a selling
value of S,997.50 The gain in the
volume of business this year, compared
to the corresponding time last year,
was 21SS,S $50 shares, amounting to 1922,
6SS.20
The receipts of the organization from
dues and other sources since July 1
last. including the cash on hand at that
time, were So, 40036 The disbursements
amounted to $S1053, leaving a cash ball
ance on hand, Oct. I, of $2,5S9.S3.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
STARTS OFF WITH $4,000.
Daly-West Pays Dividend of 20
Cents Per Share.

Gents Per Share.
The directors Of the Daly-west Min
ing company met in this city yesterday
afternoon and declared a dividend of
20 cents a share, or $4,000, which is
made payable on the 25th. When seen
regarding the boards action after the
meeting President John j. DAILY. under
whose care and management this new
wealth distributor has been brought to
its present state of development, said
tflsst 20 cents a share had been decided
upon by the board of directors as a
conservative amount and one which
could easily be maintained as a regu-
lar monthly proposition.
Ever since the mine resumed opera
tons in May last the stock has been
steadily advancing in price until now
X is quoted at more than double what
it was then. On the exchange yester-
day sales were made at S13. 72IS. but
later on the curb, and before the divi-
dend had been announced, sales We're
made as high as $3.50.
Some enthusiasts had predicted that
the company's initial distribution
would amount to 25 cents a share, but
the board decided that 90 cents, with
an assurance that that amount could
he kept up and at the same time build
a strong reserve. was the best way to
commence, and those who are holding
lie stock as an investment will GER
tainly approve the boards action.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
BACK FROM DAWSON.
Tom Connolly Returns and Will
Likely GO Back.

Tom Connolly, son of Matt. Connolly.
foreman at the Ontario mine, is back
from the diggings of the frozen north.
after a year and a halfs absence and
this morning he goes to the Park to
greet his parents, brothers and sisters.
whom he has not seen since February.
1898
Mr.. Connolly says he has done fairly
well in the districts about Dawson, and
though he has not made a fortune. he
succeeded in getting hold of ground and
obtaining title to it after a nine months
fight with Canadian officials. Before
leaving he sold his claim for a consid-
Grafton which he declined to make pub
lie, as payment is still due upon it.
This payment he will endeavor to col
lect without going back, but if he fails
he will surely return next February.
Mr. Connolly says there has been en-
stirely too many people up there, and
to this fact he attributes so many fail
ures. The country itself, he says. is
all right, and after the wild hurrah
wears off and people become settled and
acclimated, all kinds of money viii be
taken out-more than the most san
guine now believe possible.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
MINING STOCK MARKET.
Salt Lake Exchange Opened the
Week With Good Business.

The Salt Lake mining exchange
opened the week with fairly good Mon
day trading. The first day of the
week is usually light, generally more
so than any other.
DAILY West was considerably weaker
than on Saturday. The call being held
before the directors of that corpora
ton got together left considerable I'M
certainty as to what the dividend
would be. Those who had banked on
it being % cents a share, were not so
enthusiastic as they were last week
and they were not so anxious to bid
up. @
Dexter opened strong and showed a
marked improvement in price A sale
was made during call at $3.50 and
later in the day brokers were Offering
that price for it, but very few. holders
were inclined to unload.
Four Aces was called down at 20
cents with a tendency to go lower.
Ontario participated in the trading and
100 shares were taken at $3.50. Mercur
continued in good condition Mann
moth was in prime condition and
reached the highest point in long
time. Investors are gaining confidence
in the ability ofsthe management to
keep right on paying dividends regul-
arly,. so the stock is looked upon as a
good Investment at the present price.
Petro continued sluggish. but May
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
Utah Mining Exchange Absorbed By
Salt Lake Board.
WAS BOUGHT FOR 5000
THE SALE INCLUDES THE MIN
ERAL EXHIBIT.
And All Property Belonging to Utah
Exchange All Certificates of
Stock In Good Standing to Be
Turned Overhead to Be Formally
Closed Today.

The Utah Mine & Stock Exchange is
sorbed by the Salt Lake Stock & Mining
Exchange, and no doubt for some time
to come the latter board will regulate
the mining stock market in Salt Lake.
The members of the governing board
OF the Salt Lake exchange were called
together late in the afternoon to decide
the matter of buying out the Utah ex-
change, bag and baggage. The subject
was thoroughly discussed and the board
concluded to purchase the property of
the junior board, including its fine min
eral exhibit, for 5000, with the provision
that all the stock of the corporation in
good standing be delivered. Secretary
Charles e. Hudson at once notified
Secretary A. L. Morris of the Utah ex-
change the conclusion reached and he
read the communication before the
meeting of the members of that organ
lzation held last night in the office of
Smith & Free in the Atlas block. There
was little discussion INDUCED in and
by a unanimous vote of those present
the proposition from the Salt Lake
board was accepted.
A committee, consisting of A. L. Nor
ris. w. e. .Nigus, w. F. Smith and John
E. Foulks, was appointed with power
to make the transfer, and II o'clock
today is the time named for it to take
place, Captain Egan, it was learned,
would represent the purchasers in clos
ing up the deal.
The money to be received is to be
distributed pro rata among the mem
bers of the Utah board in good stand
ing. Secretary Morris said last evening
there are about fifty-five members who
will share in the division
Last nights meeting was harmonious
in every respect, and it was a source
of qualification to all concerned to
know that the late differences between
the two boards had been amicably set
tied.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03

You can say the Dexter is simply
looking immense said Colonel S. B.
Miner. who had just returned from
that gold bonanza at Tuscarora, New
The mill has been running steadily
for the last forty-five days, and during
that time has not been shut down if
teen minutes, except for a short period
caused by the breaking of a water pipe.
1t is treating on an average about 100
tons daily.
'.The gross production for the month
OF September viii foot up to a trifie
over S1o0e a day. which breaks any
previous record for a single month";
The mine has produced in the last
three months. the colonel stated, about
$4,000. and in July and August the
mill was closed down at times on ac-
count of several Snnoyances. which
have been entirely overcome. The plant
is doing nice work now and giving
the greatest satisfaction. The extrac-
tion is almost perfect and the values in
the tailings seldom exceed so cents to
the ton
Speaking of the condition of the mine,
the colonel says some heavy eXplora-
tory work is in progress in the lower
levels. and everywhere each days work
shows up better results.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
BUcKHoRN SHIPMENT.
Nine Tons of Good Ore Marketed
Yesterday.

The Buckhorn Mining company was
IN the market yesterday with nine-ton
shipment Of good ore from its Dugwav
olstrict property. Manager Sam Gil
son said last night that the shipment
sampled forty ounces silver and s11 in
gold. The ore was taken out of the
SHAFT which has now attained a depth
OF forty odd feet, the whole bottom of
which is in ore. Mr.. ellison further
stated that the ore was not shipped
because it was any big paying propo-
sition, but rather to give the teams
coming in for water and supplies some-
thing to do both ways If the ore in
the shaft holds out and continues to
improve for another fifty feet as it has
done up to the present time. Mr.. ellison
says the company will put up a mill
as early in the Spring at a plant can be
hauled over the roads. The nature of
the plant contemplated is a simple COM
hination which will permit of making
d separate product of the silver and
gold contained in the ore which will be
profitable and easy 10 market. railroad
or no railroad. Manager Gibson will
return to the mine the latter part of
the week.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
MANAGER LEGe RESIGNS.
Leaves the Geyser-Marion Property
In Splendid Shape.

AT a meeting of the board of direct
ors of the Generalization Gold Mining
company, held yesterday afternoon,
the resignation of General Manager R.
G. Legg was submitted and accepted
and that gentleman is now at liberty to
give more time to the other affairs
which demand his attention.
Under Mr.. Legg's direction, since he
look charge of the mine, the first of last
June, more and better development
work has been done than during any
like period in the history of the prop
erty The mine has produced more ore.
greater bodies have been blocked out
ana the mill has handled more of it
than it was thought could have been
possible, and when this weeks ship
ment comes in, President Dern says.
the company viii have discharged
every Indebtedness and be in good
shape for future operations. To Mr..
Legs splendid work as manager is en-
tirely due this desirable state of af
fairs, and it now looks, Mr.. Dern says.
as. though the stockholders will not
have long to wait for what they are all
anxious to see-the. declaration of a div
idend.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
ORE IN THE EUToNIA.
six-foot Vein Opened Up Near the
Shaft.


It looks now as If the Eutonia mine
In the Erricson district is sure to be-
come a big property. Recent develop
ments made there have disclosed some
nice bodies of high-grade galena and
lead carbonates. A shaft is down on
the property TO a depth Of eighty feet,
from which considerable ore has been
extracted, sacked and made ready to
make up a shipment which is to come
in within the next week or ten days.
A few days ago the foreman of the
mine was compelled to stop work in the
shaft on account of running short of
cable rope on the hoist. He made
requisition for a new one and await
ing its arrival directed some explora-
tory work upon a parallel vein, which
was discovered sometime ago while
making excavations for an ore house.
The vein when first opened UP was a
small one, but in a letter received at
the company's offices, the foreman
stated that it had widened out to six
feet in width and four feet of it he
stated was highs grade galena and car
Donates. He also sent in for more ore
sacks and declares the mine is in con-
dition TO make regular shipments.
The Eutonia has had pay ore from
the surface, but as depth has been at
tanned the values increase, all the ores
carrying gold, silver and lead.
The announcement of the latest de-
velopments yesterday created quite a
stir in mining circles There was
quite a skirmish made for the stock in
the afternoon.
Manages. Joe Free expects to leave
for the mine in a few days and will
direct the movements OF ore towards
the market ..,-
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03

Anaconda Mining. company held a
meeting yesterday afternoon in the Of
nees of Williams. Van Colt & Suther-
Ia ad. the meeting being called for the
purpose of making certain amendments
to the articles of Incorporation A reso-
luton was passed authorizing change
OF the company's principal place of
business from Salt Lake TO Provo. The
directors of the company met after
wards and decided TO start up develop
ment work on the Anaconda claim
From Uncle Jesse Knight ii was
learned that the property viii be de-
veloped from the Humbug tunnel. This
was considered to be the most feasible
plan TO work the ground The Humbug
tunnel viii be used for a distance of 500
feet, the company TO pay Mr. Knight a
small rental for the use of it.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
NEW STATE GOLD ORE.
Splendid Specimens Brought In Sun
day By Manager Wolstenholme.

Manager W. j. wolstenholme of the
New State property, at the mouth of
Little Cottonwood, took a run out to
the mine and back Sunday. and brought
in some samples from the east drift,
which has just been started from the
tunnel level. Nothing prettier than the
ore brought in could be imagined, and
that it is rich in gold and copper only
requires a glance to determine. Free
gold is plastered on the rock in innu-
merable places. and the iron streaks
running through the quartz appear to
be alive with it. The streak which is
now being followed east from the tun-
mel is the same as was followed for
thirty or forty feet west, but which in
that direction did not improve in value.
Mr.. Wolstenholme believes they are
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
e Mining Notes.
!. D D 6 {;,; lacking came in from Mercu


d. c. lacking came in from Mercur
last night.
The Centennial Eureka was in the mar.
ket yesterday with eight cars of ore
The aylor-Brunton sampler received
nine cars of ore from Tintic yesterday.
Captain A. M: Grant has returned from
Denver, where he was called on business
j. A. Jacobson, superintendent of the
Ben Butler Mining company of Bingham
has returned to that camp.
The Conklin sampling works reported
the arrival of thirteen cars of ore from
Tintic and one from Stockton yesterdays
s. W. Mosby. came in from the Chicago
at Bingham. Sunday might, and will be
detained here three or four days on bus
mess. ss
Frank B. Cook has returned from Tin
tic, where he spent several DAYS looking
over the property of the Herald Mining
company.
Ben I. Lloyd has augmented the crowd
of. mining men in the new D. r. Walker
building, and has opened a suite of Offices
on the third floor
Manager Coleman of the Boston Consol-
idated' has returned to- the city from look
ing after some propositions taken up by
Samuel Newhouse.
Gleason S. Kinney has returned. from an
extended eastern trip, where he was called
to look after some matters pertaining to
his Utah mining interests
George Dern went out to Mereur yes
terday to gather up the September pay
rolls, which will be made up in the offices
here and discharged on the 18th.
To show that he has faith in the future
of the Dexter, Colonel Miner was Offering
$3.50 a share for all the stock he could get
yesterday afternoon. L haven't a share
of my stock for SALE he said, 'but I
want to buy some"
c. o. WhitEemore started for New York
Sunday night to wind UP the Dalton &
Lark deal. p. T. sFarnSworth, under
opel in the interests of the prospective
purchasers, says a magnificent body of
ore is being developed in the lower work
ings, and that the work will go on until
the deal is either consummated or given
up Commencing on the LIST and until the
fate of the deal is determined, work is to
be paid for by the buyers if they take the
mine by Mr.. Schenck and his associates
if the property reverts to them.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
BEAVER COUNTY MINES.
Option Given On Block of Copper
Mountain Stock.

An option was given yesterday to
the representatives of a Boston syn
dicate on block of over 100, 600 shares
OF the capital stock of the Copper
Mountain mine in Beaver county.
The company taking the option is
known as the Utah Southern Gold &
copper Mining company and is backed
by New York and Boston capital. The
company had its engineers on the
ground something over a month ago.
1t IS said they made a favorable report
to their superiors and yesterdays
transaction followed. The stock goes
on a basis, it is understood, of 1913, $50
for the entire property.
1t is understood the Boston company
has recently acquired options on some
thing like forty-seven. claims in the
Beaver Lake district, which will be
developed later on an extensive scale.
The Skylark, Beaver Lake and several
other properties were taken up by the
same COMPANY. several months ago.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
NEW MAlfMoTH cYAN1DEs.
Manager Rognon Brings In a Lot
Valued at So. 500.

Manager Ernest G. Rognon came
Gown from the New MaSnmoth mine al
Bingham last night with the second
shipment of cyanides turned out of the
new mill recently started in operation
at that property.
The lot is said to be valued close to
$500 and represents a ten DAYS run.
Jb 10 last Thursday the mill was treat
ing ores averaging something like S4.S5
70 the ton. Since then ii has been
handling ten-dollar ore from the mine.
As-. Rognon places the cost of mining
and milling at S2.121k per ton
II Is understood the cyanides brought
ia last night will clear up the COM
panx's Indebtedness, and there are
stockholders who believe the mine will
be in shape to post its first dividend in
November.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
INTERNATIONAL COPPER MINE.
Supplies Sent Out to That La Sal
Property.

A telegram was received yesterday
from the International copper mine in
The La Sal country. in which Salt Lake
parties were heavily interested The
message stated that the tunnel has been
completed TO the length Of seventy-five
feet and is looking exceedingly we'll
Supplies have been ordered sent to
the property preparatory TO the winter
campaign of development.
1t is tho intention to intercept the
main vein with the tunnel at depth
of 400 feet. Another seventy five feet
it is claimed VIII cut the vein.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
THE vEsPAsIAN-Hooe1EY.
Conditions at That Mine Are Very
Encouraging.

Walter c. Orem, secretary of the
Vespasian-Hoogley Mining company
has returned from a trip to Bingham.
be reports that property to be in an
exceedingly good condition and every
thing is looking favorable for some inn
portant developments
The work going on at the present
time is being confined to the sinking
OF winze from the tunnel level. It
has reached the depth of 100 feet and in
the last fifty feet the vein of ore dis
closed in the workings has widened
from about four inches to over a foot.
Recent assays taken gave values of
80 per cent lead, Is ounces silver and
S1.25 gold.
Mr.. orem states there are eight men
employed at the York mine.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
Copper Gulch Mines

T. A. H. Franklin has returned from
a prief inspection trip to his Copper
Gulch mines in Beaver county.
We are in the slllphides and going
down on them" said Mr. Franklin
yesterday we have some very high
grade ore now, but we want to get
depth and find something better.
There is a vein 200 feet wide on the
Copper Gulch ground and there is ev-
cry indication of a good mine there
Depth is what is needed, so the shaft
will be continued to the 500 level at
least without stoping.,'
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
Strike In the. Illinois.

A new. strike is reported from the Hi
nois mine. at Bingham. A letter received
from that property Yesterday stated that
an eighteen-inch vein of high-grade con-
per ore had been opened up in what is
known as the south drift Some of the
ore has been sent down to the assayers
but no returns have been received.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03

SAN Francisco, Oct. 2.-Alnert Nc
Pherson, a. young aeronaut who was
hurled from the trapeze bar Of a BAL
loon near Glen park. was so seriously
injured that he Will die The balloon,
after rising a short distance, drifted
along until the trapeze ropes struck an
electric light wire. over which McPher-
son was thrown.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
THE SOUTH DRAGON.
A Contract Let For SO Feet of Sink

A T. Moon returned Sunday night
from a trip to Tintic. where he went
to look over the ground owned by the
South Dragon Gold Mining company.
which was only recently incorporated.
While at the property Mr.. Moon let a
contract for fifty feet of development
work, which is to be extended to 100
1eet upon the completion of that
amount of work
The present development work con-
slsts OF a seyenty-foot incline shaft.
Mr., Moon states everything looks en-
ceuraging for the opening of a good
producer on the South Dragon claims
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
Ore and Bullion

Ore and bullion settlements in this city
yesterday amounted TO $50 400. as follows.
Mccormick & Co.. ores, 5000.
Hamburger & Mcmillan, ores Sic. 200.
7. R. Jones & Co., ores, $S3. 600: bullion.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03

now on the right track, and as depth
will be gained very rapidly he hopes.
TO open up something big in the near
future
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
Monday and Tuesday.

Three hundred and ninety ards high
class silks, comprising print a warps,
corded stripes, fancy broche. Worth
S1.50, s1.I5 and ST. !: Your choice for 81. is.
On Monday and Tuesday only.
T.. AUERBACH & BRO.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03

Day was in good !. condition. Ben
Butler Adoined m the advance and re-
corded SsaIes at Az cents. Bunker Hin
suffered some declines while Yankee
Consolidated evidenced a decided bet
terment
The closing quotations were as fol-
lows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
Metal Market.

Silver, 5SSsc per ounce.
Lead, $40 per 100 pounds.
Copper, lie per pound.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
OUTPUT OF DEXTER
Gross Production For September
Was Over $1,000 a Day.
ORE IN THE FUToNIA
SIX FOOT VEIN OF HIGH GRADE
STUFF OPENED UP.

DAILY West Starts Of With Dividends
of $4,000, 20 Cents Share
Mercur's Dividend On Oct. 30
New Mammoth Markets SO, 500 of
Cyanidss.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03

Stocks bought now will make you
Christmas money. See Cole & Higgins
room AZ D, F.. Walker building, Salt
Lake City. Phone 339.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03

II YOU have had the grip take Hoods
SarsapariIla. it will brace you up,
purify your blood and overcome ali bad
effects of the disease.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-03
CHANGED no PROVO.

acknowledgements Headquarters
10 Be In That City.
The stockholders of the Richmond