davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
ON THE STOCK EXCHANGE.
Indication That Public Interest In
the Market Is Growing.

New York, Aug. 25.-Bradstreets'
financial review tomorrow will say:
Although still restricted as to the
character of speculation there were
some indications that public interest
in the stock market is growing. The
tone this week has also on the whole
been a strong one and the market re-
sisted not only it's tendency to drift
back from time to time into dizziness,
but the more dangerous influence of
a decided break in the most active and
popular of the traction stocks, Brook
| Ign Transit. That incident temporarily
interrupted the upward progress of
, prices, though it was resumed with an
/ approach to the same vigor after the
selling movement in the traction shares
had exhausted its force and had been
checked by renewed inside support in
Brooklyn Transit.
At the same time on Friday the dis
position was to await today's bank
statement and the market became dull
with more or less irregularity. AS was
the case during the preceding week, the
principal bullish manifestations were
in the low or medium priced stocks. A
number of these were again the objects
of efficient pool manipulation which
attracted both professional and public
buying support. There were, however,
indications of interest in some of the
higher priced dividend payers upon the
suggestions that the present remark
able earnings of certain properties
might justify large divisions of profits
among the shareholders.
There were, however, no remarkab BILE
movements in this portion of the share
list and apart from the rises of the
Tobacco stocks, leather, Cotton Oil and
Tennessee Coal, the industrials We're
neglected. the only other exceptions be-
ing a decline in American Steel &
Wire. London was at first Indifferent
to our stocks or betrayed it's preoccu-
patton with the state of its own money
market and the danger, financial and
speculative, connected with the posi-
bility of war in South Africa. In the
latter portion of the week another
fairly good weekly return by the bank
of England and an easing of discount
rates in London caused the stock mar
ket there to strengthen materially,
Americans taking a leading part in the
movement. This fact was attributed
partially to manipulation from this
side, but more particularly to apprecia-
ton on the part of the British specula-
tive interests of the effect of the favor
able crop and business conditions and
continued increase in the earnings in
the position of many American rail-
road properties, particularly those
whose securities are selling at moder-
ate figures.
The crop outlook. as well as the ac-
tivity of trade and industry continues
to give confidence to the bullish specu-
lators while the relatively easier con-
dition of the money market tends TO di-
minish the apprehension displayed for
some weeks back in that connection.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
TESoRA'S COPPER ORE.
The Mine Is Fast Becoming a Big
Shipper


a car of high-grade copper ore from
the Tesora, at Tintic, will probably be
on the market today, and if it COM
pares at all with samples seen at the
company's office a day or two ago its
value will probably surprise the owners
themselves. Manager John T. Hodson
went out TO the mine yesterday, and as
the car lot was being made up before
he left here he viii probably arrive
with it. From \ Herald correspondent
who was at the mine on Wednesday.
IL is learned that the work of drifting
both ways-north and south-on the
vejn from the 250-foot level in the new
shaft, is now under way. ]. H. Stall
ings. Jr-, in temporary charge at the
mine, declared that he could just as
easily make up q three as a one-car
shipment by the end of the week. if
the management directed, and as good
evidence that such was the case. some
immense pieces of solid ore. many of
them weighing more than the average
man would care TO lift, We're at the
time being hoisted and rolled down the
ore chute. 1t having been reported that
Manager HodSon was to take active
charge of the mine, or, in other words,
fill the position of superintendent, made
vacant by the resignation of J. H. STALL
ingS, mention of which was made by
The Herald a Week or more ago, Clar-
ence Mccormick of the Tesora directo-
rate was asked regarding it yesterday
He replied that nothing had yet been
decided upon. Mr.. Hodson was the
company's manager. and he gave much
of his personal attention to the mine. A
mine foreman would have to be select
ed, but who it would be he was UMPIRE
pared to saw.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
Good Boss Tweed Ore.
Especial Correspondence.)


Mammoth, Aug. 25.-In speaking of
affairs and intended operations at the
Boss Tweed, Will Lawrence, who will
control the active management, said
I'VE have six men at work now, chiefly
engaged in making a good roadway
from the Red Rose to the Tweed. and
as soon as the road is completed we
will level and eXcavate for the new
shaft house and plant of machinery,
which has been purchased ana will be
shipped in a day or so. We will have
to do very little dead work before we
begin shipping. Some Strengthening
will be necessary in the old winze.
about seventy-five feet from the tun-
mel mouth, from which we have made
an uprise to the surface. From the
bottom of this Wine a drift will be
run to connect with the second incline
shaft 126 feet distant which will sup
ply us with good air, and enable us to
extract the ore and hoist to the sur
face with but one handling, an i'm
portant factor that formerly worked
against the old management. At the
present market price for copper. we
have a splendid grade of shipping ore.
All the old settlement sheets show that
by carload lots the copper values
averaged not less than is per cent,
which exclusive of all other metals, at
10 cents per pound net, would make the
mineral have a value of $54 per tom
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
More Stock Offered Than Market
Can Absorb.
MANY RUMORS AFLOAT
BUT ALL DENIED BY THE
DIRECTORS.
Ten Thousand Shares Have Been
Thrown Upon the Market From
the May Day-P. A. II. Franklin's
Idaho Purchases-Mining Notes.

Since Grand Central stock began to
slide down the toboggan a week or so
ago there have been all sorts of theories
advanced as 20 the cause of the terrific
slump. a week ago Wednesday when
the stock was called on the exchange
some heavy bidding was made for it,
but no one seemed inclined to loosen,
although at the close $500 was bid.
From that day down to yesterday the
stock has been on the down grade. a
board lot was sold at $7.5215 a. share
yesterday, but at the close of the bid
dig Sa46l5 was the best price offered
Some thought the possibility Of
trouble with the Mammoth company
had something to do with the decline.
Others offered the opinion that the big
ore chute, out of which the mine has
paid thousands Of dollars in dividends,
was giving out. Some said the amount
OF shipping ore there was getting scarce
and that the mine would have to fall
back on its milling ore to make up its
future distributions of dividends. That
opinion however. seems unfOundsd as
il is asserted from reliable sources that
there is no sign of the big ore body
playing out, but, on the contrary, it Is
increasing in dimensions. The company
meanwhile is preparing to mill some of
its lower grade ores at the Farrell
plant.
nave DttH Illdue llldl the
Mammoth company will not give the
Grand Central any trouble right away,
and probably not at all. If any litiga-
ton is started the Grand Central viii
have to do it, and it is believed the
latter is not SO anxious to get into il
Immediately, although it has not beer
denied that a movement of that kind
has been contemplated.
Whatever the reasons for the decline
may be, the fact is known that within
the past ten days something like 10000
shares of the stock has been offered
for sale. That amount, coming when
there is a general lull in the stock
market, has given buyers more than
they could conveniently handle. hence
st Is believed that had something to do
with the break
1t was reported that Lafayette Hol-
brook, one of the directors, was the
party who had the stock to unload.
This, however. he has denied. William
Hatfield, another Grand Central direc-
tor, said yesterday he thought the de-
probation was caused by some one
who had to have some money and I'M
loaded his stock to get it.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
SUFERINTEND NEW KLoNDIKE.
Geo. Francy, Formerly Of Joe Bowers
Extension, the Man.

George Francy, who formerly served
the Joe Bowers Extension in the ca
pacity of superintendent, has been ten
dered a like position with the New
Klondike by General Manager F. A.
Druehl. The latter said yesterday that
he had just received by mail Mr.. Fran
cy's acceptance. and that arrangements
were now being perfected for the in
stallation of new hosting and pumping
machinery. He rendered the superin-
tendency to Mr.. Francy several Gays
ago and had been waiting for his re-
ply before doing anything else But
that matter now being off his hands,
every effort would be made to get work
started at the earliest possible moment
Mr.. Francy's host of friends will be
glad to learn that he has consented to
lend his efforts to make a mine Of the
New Klondike.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
FRANKLIN's ENTERPRISE.
Buys the Hawkeye Group In Idaho
and Pays $4,000 For 1t.

The Hawkeye group of claims. To-
Gated in the Blackbird district, Idaho,
has been tied up by F. A H Franklin,
in the interests of the Gold & Copper
Exploration company of Boston.
The purchase price is $4,000, and a
few days ago Harry Weidner and John
Nj. Southworth of Blackbird, were paid
the sum of $1,000 on the option.
The group adjoins the Uncle Sam
mine, which is considered to be one of
the best properties in that state 1t
TOO. was gathered in by Mr.. Franklin
sometime ago and payments made
upon the option.
depth of 100 feet and cross-cut by a
tunnel on that level, opening up an
eighteen-foot vein of ore, which carries
values in gold, copper, cobalt and
nickel running as high as $40 to the
ton. 1t is believed the ore will aver
age at least 6 per cent copper and SIS
gold.
TIE option on the Hawkeye runs for
a period of two years.
The Uncle Sam has about 1000 feet
of tunnel work done in the cross-cuts
at 100 and 500 feet below the apex of
the vein which crosses the property
Some immense bodies of ore have been
disclosed in the mine and the average
width of the vein in solid ore is said
to be at least five feet. 1t is claimed
by parties who know the property that
there is ar least 100000 worth of ore
BLOCKED out in the mine. In the way
OF values it carries from u to Is per
cent copper, and SIS to $25 in gold.
The Brown Bear group is another
acquisition of Mr.. Franklin in that
section. Upon it there is 800 feet of
exploratory work done in the shape of
d tunnel 100 feet below the apex of the
vein The vein is thirty feet wide on
The surface and some of the groupings
have assayed SIS in gold. The mine
was sampled not long ago and 100 feet
OF the vein containing the ore and
ledge matter averaged 312 per cent
copper and SLIGO in gold. 1t is claimed
to be an excellent concentrating propo-
sition.
l. was stated in The Herald several
days ago that Mr.. Franklin had tied
up 100 claims in all. He has paid
money on all of them and is preparing
TO do some heavy development work.
a gentleman who has just returned
from a trip to the Blackbird district
says the country cannot be praised
too much. 1t is a region of great
merit and only needs a little develop
1nent TO demonstrate it. He thinks Mr..
Franklin has undertaken an enterprise
that will. he thinks, be successful.
c. C Higgins and John A. Street
have acquired property in the same
section and are greatly enthused over
its possibilities.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
CONDITIONS AT TUSCARoRA.
Editor Bingham of the Times-Review
Tells of the Outlook.

Ernest Bingham, editor of the Tus-
carora Times-Review. came in from Ne
vada yesterday to circulate for a few
days among his Salt Lake and Park
city friends. Mr.. Bingham reports that
times are not as lively, in a mining
sense. at Tuscarora as the people would
like to have them, though the opera
tons of the Dexter company are doing
much to stimulate prospecting and de-
velopment work in that section. At
present, he says. the Dexter is the
mainstay of the camp, and the damage
done by the great electric storm week
ago was locked upon for a time in the
nature of calamity. for it was thought
at the time that the mine and mill
would be compelled to shut down until
the great transformers could be re-
placed. That the management was able
to fix things up and continue work was
a matter for rejoicing among the peo-
pie. Mr.. Bingham looks forward to a
general revival at Tuscarora and the
bringing to the front of several good
gold propositions during the next few
months.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26

THE REMARKABLE INCREASE IN THOSE
l. diseases peculiar to woman has for the past
few years been attracting the especial attention
Of medical men The delicate organism Of wo-
men. with which her v hole system IS in i'm
mediate sympathy. renders her very suscepti-
bic TO disease. These delicate diseases WELD a
modifying influence over the other functions OF
the system, and tor this reason symptoms that
are entirely remote from the source of disturb
ance very often result.
Every woman who is sick. weak or delicate,
the result of some hreaking-dOMn Of her deli
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
MASSACHUSETTS STRIKE.
Reported Looking Better With Every
Shifts Work

President ]. H. Conrad came down
from the Park again last night and re-
ported that Superintendent Curtis was
making things hum at the Massa-
chusetts mine. The big strike, he says.
looks better with every shifts work
pushed toward the ledge with the ut
most vigor
1t is understood that the new shaft
to be put down on the west end of the
Massachusetts ground is intended to
develop big contact vein known to
exist in that part of the company's
property, in fact, Mr.. Conrad so de-
clared only few days ago. and if that
turns out as well as the fissure now
being opened up the old Massachusetts
will be shipping from both points be-
fore this time next winter.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
MAY DAY STRIKE.
Three Cars of Ore to Arrive at the
Sampler Monday.


A telephone message was received
from Tintic yesterday afternoon by an
officer of the May Day Mining COM
pany, bearing important information
concerning the late strike in that prop
erty. A magnificent body of ore> has
been opened up in the first level off
from the Wine, which measures about
six feet in width. The drift has been
run for a distance of twelve feet and
the ore disclosed is high grade. The
vein has opened up SO nicely that about
zen tons of ore is being broken down
each shift 1t is said the entire six feet
VIII average something like SO gold,
forty ounces silver and 60 per cent lead.
This is the most important strike
ever made in the May Day, and one
which will entitle it to rank as one of
the leading producers of the Tintic dis
trfct. ore shipments will be sent to
market rapidly, and the officer of the
company who received the message
saws he believes there is enough ore in
sight to justify the statement that div
idends are a possibility before long. a
car of ore was loaded yesterday, an
other will be today and still another
tomorrow, and all three cars Will be on
the market Monday morning.
Fen D. Luce has returned from two
DAYS trip to Tintic, and while there
made an inspection of the mine. He
thinks there is no doubt the May Day
is big mine, and says the strike just
made Is a fine one.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
Buildings For New Klondike.
Especial Correspondence0


Diamond, Aug 25.-Milton L. Ogles-
by, manager of the Emerald mine at
Robinson, was in Diamond yesterday
executing plans. drawings and speci-
fications for the surface buildings and
machinery equipment soon to be placed
on the New Klondike premises. Mr..
Oglesby said that the contract made
with the Mine & Shelter Supply
company called for the immediate de-
livery of the plant, and arrangements
will be made at once to receive the
hoist power, the pump and water
columns TO follow. Speaking of affairs
at the Joe Bowers Extension Mr..
Oglesby informed the writer that the
new force engaged under Dan Brigh-
ton, acting for ]. S. Free. contractor,
had only just commenced operations in
earnest, and that the new pump had
been 'bucking." but things We're
running smoothly now. He also said
that the ground was softening ma
terially. and was breaking big.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
AT THE DEXTER.
All Damaged Machinery Will Be Re
paired In a Few Days.

AT the headquarters of the Dexter
Mining company it was learned yester-
day that il will be only a question of
few days until the big mill at Tusca-
rora will be running in full blast. The
transformers injured during storm
last week will all be repaired. Two are
in operation already, but the third will
be in shape for commission again in
day or so, when all the machinery and
air compressors will be started up. The
unavoidable shutdown has had a bad
effect on the price of the stock for the
last few days. 1t sold yesterday as low
as 81, but a gentleman closely connect
ed with the company said there was
no good reason for a decline; that
stockholders of the company have
bought in all the low-priced stock Of
fered. and would continue to do so if
any more came out. The company has
been disappointed in not being able TO
break the record of production during
the month of August, but neverthe
less the output will exceed that of
July.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
WILL PAY ITS WAY.
The Silver Summit Looks Like a Bo-
nanza Mine.

Manager r. e. Plough has returned
from a trip to the Silver Summit mine,
in the old Blue Bell district, where he
found a most encouraging state of af-
fairs. The mine is a producer and
will be able to pay its own way and
more. too, from now on. A new tunnel
has been started to tap the bottom of
the old workings. 1t had been driven
but short distance when small seam
of high-grade ore was encountered.
This. Mr.. Plough says, carries enough
values to pay the cost of all the work
required to complete it. The lower
tunnel. started some time ago has
been pushed along for a distance of 100
feet in vein matter. which seems TO
be widening out Latest developments
there have disclosed chunks of iron ore
The mine looks good, and is improving
all the while
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
MR.. SCHUMACHER DEPARTS.
Will Start Work On A. n. Tarbet's
California Mines.

A. j. Schumacher. who assisted Will
lam McDermott in making an exami-
nation of the After Thought group in
Shasta county California for A. H.
Tarbet, took yesterday afternoons
train for the west and has returned to
the mine for the purpose of putting a
large force of men to work on the
property. Some very vigorous de-
velopment will be done in order to show
up the merits of the property before
the second payment comes due in
October
Mr.. McDermott is on his way home
and is expected in the city tomorrow
He left California several days ago,
but stopped off at the Contact dis
trict, Nevada, to attend to some min
ing business. After spending a few
days at home in conference with Mr..
Tarbet, he will return to California TO
devote his attentions to the After
Thought developments.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
NOW IN COMMISSION.
United States Company's New Com
pressor In Operation.

After preliminary run on Wednes-
order, the big $50 horse power COM
pressor plant just installed at the Old
Jordan by Agent G. o. Bradley, of
the Gates Iron Works, was put in COM
mission Thursday noon, and now the
ten sets of drills, TO furnish power for
which the plant was purchased, are
now pounding away with regularity at
the different points selected by Cen
eral Manager Neil. Owing to Mr..
Neill's absence at Butte. the plant has
not been formally accepted, but Mr..
Bradley said there was no occasion to
defer the starting up of the plant on
that account as he felt sure every
thing would prove satisfactory.
The United States company is
operating at many different points on
its immense property and from the
Old Jordan mine, where the plant is
located, compressed air Is carried to
receivers at other points through 10000
feet or more of pipe line and then fed
TO the drilling machines as needed.
AT present the plant is being Oper-
ated by steam power, but Mr.. Bradley
says everything is so arranged that
electric power can be substituted at
any time.
That the company viii, sooner or
later use electricity whenever power is
needed at its different mines, goes
without saying, for if the big company
is anything it is progressive. 1t has
been known for some time that nego-
tiations were in progress between the
Lawson Power Plant people and the
United States company and the asser-
ton has been made that in case the
negotiations failed the latter would
erect power plant of its own. Be
that as it may. there is little or no
question but what the United. States
company in order to carry out the
gigantic campaign it has Inaugural ted
on its properties. will adopt the best
and most economical methods of con-
Quoting that campaign it is possible 10
obtain
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26
OFF ON ANOTHER TACK.
Crosscutting the Formation at the
Malvern.

Since the resumption of opera tons at
the Malvern ii has been decided by the
management that the scheme of fol-
lowing the stratification down on its
dip should be changed. For 500 feet an
incline has been sunk and a certain
strata has been followed all the way.
While the sampling which has been
done from time to time has shown the
presence of gold all the tine the depth
obtained has not been productive CT any
great increase in the assay returns, and
for that reason it has been decided 10
cross-cut the formation 10 determine
whether the pay ore does not lie along
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-26

Teams will load bullion out and coke
back. when the start is made. which will
be in two weeks. In the meantime ore
will be, blocked out and transported to
the snelter and matters gotten into shape
for business. A force of forty men will
be required to make the start, and these
are being secured as fast as possible.
From Carbonate continues to- come en-
couraging news of favorable, indications in
TIE Cleveland and other prospects on the
Dyer hill.
renewed energy since the weather has
taken a better turn.
A move is on foot whereby a couipro-
mise may be effected in the litigation over
the Big Four mine, which adjoins the
Dyer on the north. The property was
jumped by Colorado parties several weeks
ago. Should the compromise be effected.
work will commence on the property at an
early date