davidaulloa/AmericanStories huggingface dataset:
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
Condition Of Market Little I'M
proved Stocks Close Lower
TRANSACTIONS FOR WEEK
involved 53a,42o shares snd s2Os,-
s3l.s0- Market Dull To-day and
stocks Closed Weak.

The opening prices this morning on
nearly all the stocks were the highest
attained and in several instances quite
considerable shrInkages from yester-
days figures were recorded. Notwlth-
standing that better prices have OBJ
talned during the past few years stoca'
ut no time during theweek reached the
opening figures on Monday, Trading
has been small and the tendency during
the early portion Of the week and to-
day was downward, There have been
dividends declared and paid and good
well founded reports from several OF
the properties, but until an outside In
vesting element takes hand on the ex-
change there viii be few very sub
gtantlal changes upward In the prices
Of stocks.
The weeks business totaled 63i,4 2O
shares and SOS 40, and today trans
actions involving 1905 shares and SlS,-
1892 were recorded
Ajax commenced the trading this
morning with transactions al "a, a III
tie up from yesterdays figures. but OF
several cents from Mondays opening
Carisa around Al was traded In and
Daly-West at 1926 was dealt In TO the
extent OF 40 shares.
May Day was on from yesterdays
figures Notwithstanding that the books
close on this months dividend on Tues
day next and that reports from the
mine are excellent.
Uncle Sam Con. under "a came out to
the extent Of 1900 shares and Califor-
MIA weakened from 81 TO "a on sales
OF l1,lO0 shares
Some sales of Victor were recorded
around as and the closing quotations
were as following,
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
S. P, and Santa Fe Give Private
Car Lines a Shock,
NO MORE FAT CONTRACTS.
both Companies are Building Refrlg-
orator Cars Tor Their own Use aud
save si25. 600 Year.

Chicago, Feb S.--The management of
the Santa Fe has decided not TO renew
It's contract with the Armour freight
ear lines when 1t expires next spring,
Is the statement made by the Record
Herald The company has been busIly
engaged for several months building
fruit cars and by the time of the expi-
ration Of the contract will have between
1900 and $500 cars ready for carrying
traffic.
1t Is also said that the Southern Pa
clhc Will break It's relations with the
Armour company and go into the fruit
carrying business on It's own account.
Such being the case there will be at
least $500 and possibly 1000 fruit cars
for which the Armour company VIII
have to find other business.
The decision Of the two companies Is
considered a severe blow 10 the private
car business and 10 companies owning
ana controlling private car lines. The
three companies which have been car
rylng the fruit out AOf California for
years and which are either owned or
controlled by the Armour people are the
Continental Fruit Express, Kansas City
Fruit Express and the Fruit Growers
Express The latter company formerly
belonged to The Earl Bros.
/, None OF the officials who have the
management of these lines for the Ar
mours would talk regarding the mat
ter IL is stated that the Armours have
at least Sl5OOO,O 900 tied up In the private
car lines which are engaged In carry
ing fruit.
Under the present system the con-
tracts with the car lines are made so
that the railroad companies can call on
them for cars during the season up TO
a certain number said to have been last
year about 1000 for each road For
some reason, It is stated, cars were not
furnished with sufficient promptness
and insufficient numbers TO take care
OF the trade, This Is alleged to have
resulted In great loss Of fruit and the
railroads stood the blame. Another
factor for the railroads going into the
business IS said 20 be the fact that
they are compelled to pay the private
car lines three-quarters OF cent for
every mile made by every private car,
and In the case Of the fruit trade this
amounts to nearly sl25,O0O year.
The present contract of the Santa Fe
with the ArmOurs was entered into
three years ago, and since then the
Santa fe with the Armours was en-
tered Into three years ago ana since
then the SAINT, re has built between
900 and 1000 fruit cars which It now
operates. Il requires In ordinary sea-
sons about $500 cars TO care for the
Santa Fe's fruit traffic, and an equal
number for the Southern Pacific.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
MINING NOTES.

The Phoenix Of Bingham has a car
Of ore ready to be marketed on Mon
day.
James Il. Jennings has been elected
president Of the Grand Guleh Mining
company.
The Conllin sampler is In receipt Of
one car ~ ore from the Sunday prop
erty OF Tintic.
II. w, Fox. the Con. Mercur metallur-
gist. Is In the city on q few days visit
as is also Arthur II. Brown, the sur
yeyor
Ore and bullion settlements IN this
city yesterday amounted 60 $751;. 700: r.
r. Jones & Co., $4,000: Mccormick &
Co, $4,000
Superintendent Nuttlng, OF the Bing-
ham Consolidated smelter reports that
the plant is now treating 800 tons Of
ore daily.
1t is expected that Manager ]. E,
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
Distribution Through Retail Chan
neIS is UnGImlnished,
EARNINGS OF RAILWAYS.
They Continue their Monotonous In-
crease Famine Conditions Exist
In Market for Pig Iron.

New York Feb. 7.--R. G. Dun & Co.'S.
Weekly Review OF Trade tomorrow will
say Interruption TO railway traffic and
outdoor work by severe storms was the
only unfayorablc factor In the busi-
ness situation during the past week,
while manufacturing activity and dis
tributlon through retail channels was
undlmnlshed. Reports from these are
especially encouraging, but few
southern points are slow to exhibit
Improvement Railway earnings con.
tinue their monotonous increase, Jan
uary gainlng S.72 per cent over last
year and 2t2 per cent over 1900 The
fourth weeks earnings were somewhat
reduced by bad weather
Famine conditions exist In the
market for pig iron II is doubtful
whetheg there ever was time In the
history of the nation when this metal
was 30 scarce
while some hides at Chicago are
again easy in price, there Is evidence
OF some Improvement In the situation
compared with the erratic course Of
the cereals during the preceding month
or Two. the produce markets have been
quiet this week. Exporters of wheat
evnce q disposition TO walJ for easter
terms.
''Final returns OF commercial failures
during January exhibit an exceptional
ly large number of insolvencies and al
so an unusual amount Of defaulted In
situations, In manufacturing lines
there were ga failures, involving &c.,
908, 94S, an increase Of s., 6O7 AGA over the
liabilities last year Defaultlng trad
ers numbered 1920, with liabilities Of
81, sos, 1888 In amount. Miscellaneous
failures were 50 in number and SsS6,j9l
IN liabilities, exceeding january 1901,
by 10 IN number, but showing n de-
crease of 1921 ,442 IN defaulted llabIll-
ties"
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
THEY FEEL JUBILANT.
Organized labor Elated over Re-
cent Railroad Meeting.

Organized labor In Utah is feeling ex-
ceedingly jubilant over the turn things
have taken on the Rio Grande Western
in connection with the recent meeting
with General Manager Herbert In this
city The fact that the men got con-
cesslons, in their opinion, Is, to all In
tents and purposes, secondary consd-
GRAFTON. II is the fact that organized
labor has been at last recognized by
the Rio Grande Western that makes
them joyful
Prior 10 the absorption OF the West
ern by the Gould syndicate, when Il
came to Issuing orders the general SUI
perintendent was absolute, The fact
that annual conferences are now to be
In order between the committee APP
pointed by the trainmen's unions and
the officials OF the Rio Grande lines,
with an occasional one as clrcum-
stances may warrant, ia considered by
the men to be In the nature of q VIC
tory for organized labor.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
EDWARD RECEIVES SCHWAD
King Greeted Him In The Most Cordial Man.
net Chatting Freely with Him.
Was Introduced by Sir Thomas lip
ton - Steel Magnate Enjoyed Visit
Very Much Indeed.

London, Feb. 7.--Mr. Sohwab head
OF the great American Steel corpora
ton, had half an hours audience with
King Edward at Marlborough house
yesterday afternoon. Mr.. Schwab was
accompanied by Sir Thomas Upton,
who introduced him to his majesty
The king greeted his American visitor
In the most cordial manner, and chat
ted freely with him, mainly on tho
friendship between the United States
and Great Britain. His majesty espe-
oially referred to the close connection
between the Industries of the two
countries and the friendship existing
between the workingmen on both
sides of the Atlantic.
TO representative Of the Associated
Press Mr.. Schwab said, "All | can
say is that ] had 2 most enjoyable IN
teryiew. and came away With charm-
ing recollectlons Of King Edward
1t was learned by the Associated
Press correspondent that the king dis
played keen interest and knowledge OK
the industrial conditions OF the United
States, and evlnced nothing but the
most kindly sentiment toward that
progress which American business IS
making IN Great Britain.
The conversation, which was qulle
informal touched on a variety OF Top
les, throughout which his malesNs
cordlality toward Americans ana thelr
institutions was strikingly apparent
Mr.. Schwab said his European "Trip
had been purely for pleasure, ana AZ
such had been eminently SUCCESSFUL.
During his tour OF Europe Mr.. schwap
was received IN audience by tnIess
monarchs. and he everywhere noueea
q palpable desire to maintain any
strengthen the friendly relations WIN
AV,arlca
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
GOVERNING BoARD MEETS.


The newly elected governing board or
the Salt Lake Mining exchange VIII
meet this afternoon for the purpose OF
electing new secretary and TO discuss
ana perhaps decide the question OF dls'
INCORPORATION and reorganization Of the
exchange as an association similar 70
the New York and other great ex'
changes. The question Of raising the
dues OF members aud other matters
WIN also probably come up.
The members OF the new governing
board are; w. H. Clark, II w. Dos
cher ], s. Bransford, j Oberndorfer
c. Il. Hudson, w. Andrew, j A. Pol
lock. NJ. NJ. Miller aud c. G, Higgins
The exchange committees are as FOL"
lows.
Arbitration =. Joseph Oberndorfer
chairman j. g. Thompson Richard j..
Evans. James l.. Hamilton and w, j..
Browning.
Rules--James A. Pollock, cholrman'
NJ. S. Pendergast and William H..
Tlbbals.
Membership-C Il, Hudson, chair
man; II. b. Cole, A. s. Campbell
Arrangements G, Higgins chair
man; Timothy Egan' Frank D. lIiegin-
botham, Jr William II. Farnsworth
and $. G. Mark.
Listing--W r. Andrew, cS-lrmap H.
q. woolley II. D. Miller, Henry Newell
and Herman Bambereer.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
COPPER CONSUMPTION.
Some Figures Showing the Decrease
or Demand In Europe.

In o recent issue Of the Engineering
and Mining journal Of New York, ta-
bles appear showing the approximate
consumption OF copper by Europe dur
ing 1900 and 1901 and from these the
Journal makes some interesting deduc-
lions.
At the beginning Of 1900 there was on
hand 22.Si3 tons( of 2,2iO pounds each)
OF copper January I, 1901, there was
2SS60 tons or an increase on hand Of
6,0iS. Receipts during 1900 and 1901
were 2S0,3i7 tons and g27 1927 respective
ly, showing q decrease In 1901 OF 52,i55
tons, which was Offset 60i3 tons by the
increased balance on hand at the open
ing OF the year.
There were deliveries for consump-
ton In 1900 Of 269 6}5 tons, as compared
with 227.5SS IN 1901 Summing up on
Dec 81, 1900 there were stocks on hand
totalng 2SSGOi on Dec 81 1901, 22,O5l
tons, or decrease Of $500 The Jour
nal says.
The total falling IN In consumption
as shown by this statement, was 1876
per cent, which was due to the de-
pressed condition of trade and the very
general suspension OF work on new
electrical enterprises The important
point is that all the decrease land a
good deal more-came Of the purchases
Of American copper The relatively high
price copper in 1900 and the earlier part
of 1901 stimulated production in Chill
and Peru, IN Australia and In other
countries, among which Japan is prom
inent In 1901 Europe took some lG. 700
tens more from those producers than in
1900; and this quantity was deducted
from It's purchases OF American metal.
as well as the quantity representing the
actual decrease in consumption. Euro
pean consumers not only bought where
they could secure metal little cheaper:
they were also influenced In some de-
gree by q wish 10 break the apparently
inlexble price maintoined here. and the
natural desire 60 maintain IN some de-
gree the control Of the market.
These figures throw some light on the
situation, and they also suggest very
strong doubts as TO the wisdom OF the
policy adopted by the chief producei
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08

Hamburger, OF the DQly.West company,
viii leave New York for hume some
time next week
John Heinrich, Of the Consolidated
Mercur directorate, arrived from ore
g0n this morning TO be In attendance
at the meeting this afternoon.
The Taylor and Brunton sampler was
IN receipt this morning OF cars Of ore
and 1 OF concentrates from bingham
and car OF ore from Stockton
From latest adyicea II ls learned that
the recent May Day strike iR ons OF
value there being good Indications Of
IT'S permanency and strength,
Fred c. Lemmek. the salmon city
mining engineer, Is In the city on u
business trip. lie gays there will be
much activity IN the Salmon district
this spring.
Superintendent George Hancock, Of
the Uncle Sam, came In from rintic
yesterday and reports that FIVE cars Of
ore viii soon BE- shipped from the pro-
rerty
superintendent Hutchins, OF the Blue
Bird Copper company operating at MIL
ford, telephoned up yesterday that the
ledge has been encountered from No.
shaft at depth OF liO feet aud that
good copper ore fills the face.
j. II Wootten, secretary Of the Good
sell Mining company operating In
American Fork, IS visiting In the city.
He says there Is a scarcity of snow IN
the mountains ana that where last year
there was eight feet there Is now only
10 inches OF IT,
The Tribune this morning published
most interesting story Of how a SAL
mon city engineer brought $4,000 in
gold bricks to Salt Lake bank yester-
day That amount Of gold In bricks
assaying $40 TO the ounce In iineness
would have weighed 800 ounces on over
53. l6-ounce pounds. Quite nice little
weight TO be saunterlng around with.
The Copper vord Mining company
has filed It's articles Of Incorporation
with the county clerk Tho company
Is capitalized at $4,000 in 9 cent shares,
and Is differed rs follows; John Me-
Cready president; T.. A. Sorenson, vice
president s. u Armstrong, treasurer
and j. NJ, Hamilton secretary. Tho
company owns the Commonweal and
West Commonweal claims IN Boxelder
county.
Robert j, Coleman, manager for the
Samuel Newhouse interests, Is visiting
the Cactus. The statement that plans
for shelter for the Cactus are now
under consideration by the management
Is denied and according to statement
made by Mr.. Newhouse to the News
on O recent visit nothing concerning a
plant viii be done for several months
II at all this year The plan of the
company is TO develop the property un-
Ill the extent Of It's ore bodies Is known
before building a plant
A card from the office of the United
states Geological survey In Washing
ton states that The mineral resources
q the United States, 1900 viii be pub
lished shortly as a distinct publication,
end no longer as part Of the annual re.
port of the geological survey Appllca-
ton for copies Of the report should be
made 10 members of Congress who viii
have limited number for distribu-
ton, as the small edition furnished the
survey Office is sufficient only to meet
tie demands Of exchanges and contrib
utOr9.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
To Maintain plate Glass Prices

Plttsburg, Pa, Feb, Sat meeting
Of representatives of the Pitlsp"s
Plate Glass company and the largest
independent manufacturers IN tnls
country In this city arrangements Wcls
made for the summer shutdown anu
to maintain prices .u ~
The agreement Is similar In detali ~ ~
that OF last season. II WAS tnoubn,
that some opposition would be met ~.
the Independent plants now unuos
course Of construction but assura .noss
have been given that as soon as t,iesi
plants are in the market the coihpo''
win be observed.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08

Flndlay Fort Wayne ma -
llinoI.V 95u ,nn,, VII be made wii5 ,N
Three ls To the Vandertilts9 Z" n OF he
ness which heretofore hag hs, mg b0fl-
with the eastern lines tbo y ulslded
pennsylvania and other unes y, y ",
transferred almost excluslvely "s peen
Lake Shore, WY 70 the
rms same road says the Record !,
aid was contemplated two veae 'Her'
When survey was made fros, t, ago
to Kankakee Since then the ~ ,udlay
OF the road has been completaS latt
Findlay TO Fort Wayne, and n ,sn, rom
be long before work win Inn s ~, nol
north to Toledo and west to Kant ,aI'el
II IL also reported that the N IIaNee.
who control the Rock Island raer0o y
are In the scheme. '"'''oaa'
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
ADVANCE GUARD.
Eiks Louisville Transportation Com.
mittee Arrives Here Tomorrow.

Assistant General Passenger Agent
helntz OF the Rio Grande lines is In re-
eelpt OF communication that the
transportation committee Of the Louis
Nille Elks lodge No 5 will arrive In
ms city from Kentucky tomorrow
Ihey propose to look over the ground
ana secure quarters for their lodge be-
lore the rush commences for the Grand
Lodge convention here next August
Those who are in the committee are r.
5. brow, w. Allan Kinney. Pink Marble
and Howard Nedkemper
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
NEW REDUCING PROCESS,
Claim that Gold Can be Extracted
Hiuch Cheaper by IL,

Salem. Ore. Feb, s--Willlam L. Long
who has spent the past six weeks here
claims that he has discovered q new
process for extracting gold from ore,
cheaper than the old methods and pro-
ducing three times the amount OF gold
that can be secured by Amelter Ills
claim Is similar to that Of Prof Winn,,
who recently died In Denver, after
making similar discoveries. Long has
experimental with ore from various
sections with great success. The last
experiment. was made with taillngs
from the Ashland smelter Long ex-
traoted 45 cents from 10 pounds OF the
tailings or at n rate OF 800 to the ton
after the smelter had secured $40 per
ton from the same ore.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
New California Road

New York, Feb S.--Lord Tbnrlon, !,
England, who has been spending S NJ
last year In California In Tho ins e lns
OF English investors lnyestgatIne NY
hest railroad routes from Eureto Wv ~
bedding and thence on to ioIn Nv W.
Northern Pacific, has arrived Mere rhi MY
road, ne announces, will soon be hnli,
The capital VIII be furnished half hs
English and half by American Inyas.
tors Lord Thurlow spoke enthusjasNo
ally OF the rich country which viii ~
tapped by the new line but refused ~
say exactly what route 1t viii follow "
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
PARK o. lIPMESTs.
Over Five Million ounds Exclu "
OF Silver King.

The Macintosh sampler reports
shipments from Park city during the
week ending last night to have totaled
5,2lO,620 pounds. exclusive Of silver
King and Mayne and Leonard ship.
ments, aggregatlng about 100000
pounds more,
The shipments, according to MackIn-
tosh sampler reports, were as follows.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
SAN FRANCISCO.
HITTER AMI EGGS.

New York, Feb. --Butter-Reecipts,
1900 packages. Strong, State dairy,
i7a95; creamery, 2OG2S; June creamery,
1923; factory. l4GlS
Eggs-Receipts, $500 packages.
Steady. State and Penna., 2SG29,
western candied, Is.
Chicago, Feb. Ion the produce ex-
change today the butter market was
firm. Creameries, 1926; diaries, Is
023.
Cheese-Steady, S%allh.
Eggs--Firm; fresh. 25h.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
"THE GREAT SALT LAKE
PRESENT AND PAST"

BY James %. Talmage PHI. d. z. r. S.
t.. u. G. s.. professor Of geology. Uni
verslty OF Utah. book Of li6 pages.
Beautifully illustrated. The first COM
plete and authentic work on the re-
nowned saline sea. Price rs cents
postage prepaid. For sale by the Can
non Book Store, (Deseret News Props.),
II and 10 Main Street, Salt Lake City,
Utah, and all news dealers.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
PRODUCE.
CHICAGO.

Chicago, Feb. S.-May wheat started
at 77h@7iI8 and rose 70 Is. Close:
Wheat-Feb., 75is May, T7AQ7S.
Corn--Feb., 59 May, GlA.
Oats--Feb., 42A; May, aSA.
Pork-Feb,, 1850; May, 1886.
Lard--Feb., 9.27ia, May, 945.
Ribs-Feb,, S.42h; May, S.52s,
Flax--Cash, northwest, LIZ.
Rye-F'eb., SIN.
Barley-Cash, 6SQ64,
Tlmothy-6.60.
CASH Wheat--No. 2, red, SS% ds3d;
No. $, red, SOdS3% No. 2, hard winter,
75&d77& No, 8, hard winter 75A q7GA:
No. |, northern spring, 13%Q71; No 3,
spring, 1O@15
Corn-No 3, 5905gi9.
Oats-No. 2, 43hd44; No. 3, 43Q43k.
NEW YORK.
New York, Feb. S.--Wheat-- Receipts,
1885, 1850 bushels. Opened easier with corn
but rallied on a demand from shortS
and was steady all the forenoon May
SShQa 1916 July, SShqSS2s.
SAN FRANCISCO.
San Francisco, Feb. S.--Wheat cas-
Ter; Dec.i 1885; spot, quiet, but steady,
l07k.
Corn-Large yellow, easier, A95Qll4O.
Barley Easy; May, So; cash. 92h.
Exports From San Francisco, 6g,0lS
centals wheat 10 Cork.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
SUGAR
LIVE STOCK.
CHICAGO.

Chicago Feb. --Cattle-Recelpts H.
900, including roo Texans, steady Good
to prime steers 65OQ720; poor to me-
iumi0O0G.0O; stockers and feeders ESQ
@46O; cows |, 25Q5O0. helfers 2.5OQ5,35;
Gamers l2hG225 bulls 2,25@455; calves
2,5OG76O, Texas fed steers 4.25Q6,00
Hogs--ReceIpts today 10000; tomor-
row $1,000 LETT oy~r 1900 steady Mixed
and butchers 6OO@G4O; good to choice
heavy 6SOW6A5; rough heavy 6.lOq6,2b;
light 5,75l5.95 bulk Of sales 5,90Q620
sheep Receipts l,0OO sheep strong;
lambs strong Good to choice wethers
i60Q5,SO, fair TO choice mixed 3.SOq465;
western sheep 425Q6OO; native lambs
35Og6,5O; western lambs 5.25Q6lO.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
TEN BIG ENGINES.
Oregon Short Line Passenger Loco
motives Arrive Next Month.

j. r. Dunn, superintendent OF motive
power and machinery for the Oregon
short Line reports that the ten ten
wheeler big passenger engines which
were ordered by the company last Sep
TENDER viii arrive and be put into SER
vice at the early part OF next month.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
THE STANDARD.

DO you have the Standard DIG =,
tionary In your library 81
school room7 II not, you are NJ
up 10 date. II Is the largss',
best edited. best printed w
bound, and most modern WI WI
in all respects yet issued. ohy
a limited number on hann. n'
dress the Deseret News ONO"
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-08
52lOe2C
shipments from TIntIc.

Eureka, Feb S.Durlng the week now
ending 81 cars Of ore and . cars OF
concentrates were shipped from the dis
trlct, besides which the Mammoth Mil
turned out bars Of bullion, Shipments
from tho mines were as follows