davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
Bank Statement

New York. Oct. 1S.-The statement Of
the associated banks for the week end
ing today shows:
Loans, 1885,, 500: decrease. $751;
Deposits, sss,i25. 800; decrease, ss,2l4,-
500.
Circulation, ss7.5s4.lOO: increase. 81
7S5, 500.
Legal tenders. ss7.277.7OO; increase.
So. 400.
Specie. $154.ll2.esO; increase. 81 ,77s.-
500.
Reserve. s221, sss. 200; increase, s1.777,-
200.
Reserve required, s2l5,7sl.45O; de-
crease. $2,SoS.700.
900.
United States deposits. sis. So. 225: in
crease, $S.9l255e.
The New York Financier this week
says:
The official statement Of the New
YORK banks last week showed a gain
or x4OsO. 900 In the surplus reserve, as
computed on the basis OF the net de-
posts, inclusive of those of s99, $50 900
public funds, carrying this item to S.
6O5.250, against S15, 465,775 at this date
last year. The surplus reserve, com
puted on the basis of net deposits
less those of the government, increased
SS,9i2.550 TO S15,59S, $50.
The loans decreased SO, 1871, 100. prob
ably rejecting the closing out during
the week of fiscal negotiations. and
also the paying of of loans against
the municipal securities which were
exchanged by the government bond
syndicate for the United States issues
sold to the treasury.
1.-THE specie Increased 81, 773, s00 while
the legal tenders were augmented S.
400. making a total gain Of cash Of
Sl,717, 200. Ii would appear that only
the average OF the $1l, 29s, 7S9 cash
which was paid for the government
bonds at the sub-treasury on Friday is
included in the above noted gain. This
average. for one day. was 81, So, 29s
and as payments were made over the
counter at the sub-treasury, the pro-
ceeds of the bonds were made immedi-
ateiy available. The fact of the nav
ments. however, is assurance that the
bank statement was made I'D on de-
cidedly rising averages for cash and
the remainder Of the amount of $lI,-
2SS.7S9 paid for bonds on Friday and
the H,l92, 211 paid on Saturday. together
with whatever sum may be disbursed
for bonds on Monday, should be re-
Elected in current weeks bank state
ment-
THE net deposits, including those Of
the government, were decreased s., 2l4,-
500, or $1.794, 900 more than the amount
called for by the loss OF loans less
the gains Of cash. One quite notable
feature was an increase of 81, 1888, 600 in
circulation, rejecting the results Of
Secretary Shaw's policy of substitute
ing municipal bonds for those OF the
government, which are held as pledge
for public deposits. and the employ
ment of the released United States
bonds as security for circulation.
The average daily clearings of the
associated banks for the week We're
$2S7. Co., 900. against $3.50. zoe in the
previous week. Comparisons of loans
show that five banks decreased this
item by S4.sO0. COCO net; one of these banks
indicated a reduction of $500 The
comparisons of specie show that five
banks gained 900 net, one of
which increased $5.600.Oeo. The infiu-
ence OF the weeks payments for Unit
ed States bonds bought by the treas
ury may reasonably be looked for in
easier rates for money, as the result
Of the expected Improvement in bank
conditions"
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
Yesterdays Sales.

Ajax, 7oOas7e; 1,5oo9s71ze; 2oe9s7Ne; 400
43asc. Total, 900 shares.
Consolidated Mercur. 100dS1- Ssh: 5. 5000
N.90; 700G$l.9i. Total. 6.100 shares.
Creole. 1,o45@6oc; 5a7Oc. Total, 1.05o
shares.
Grand Central. S0oGS5.26.
Lower Mammoth. l004Slf7; 1OoQS 4s:
600d$l.46; 100Q$l.445k; l00d$1.44; 3O0d$. ~
2oGSl. 45l1; 2oOQ$l.44. seller so. Total. 100
shares
Mammoth. lOOa1.S5: lo0Gsl. s2lk. seller 30.
Total. 200 shares.
May Day. 1.7O092Shc; 5OO92s4c. buyer
80. 500dI29ssc; 1,0o0429&c. buyer 60; 500a
29asc: 4600a30c; 1,0O0Q30c, seller 80: 5OoG
30sc; 2,00oG2Sizc, seller 90; 500Q292t c.
Total 1880 shares
Utah. l00G59c.
Ben Butler. 1.50O611c: 1.00od1oAtc: 1,5OOd
l0lac; 1,C00fl0c. seller GO: 1,500Ml0c; 10000
loo. seller 30: 5OOQl0llc Total. 5000 shares.
California, l,700n3Sc; 1,000d375zc; l,OOOQ
371Ac, seller 30; /. 10O627ssc: l, 600d3TS4c; 500
37&c. seller 90. Total. $500 shares.
Manhattan. 1,O0Vn1kc
Martha Washington. I.0O0d2lsc.
Tetro. 50O424lzc: l.0o0d24ssc; 50oG24&c.
Total. 1900 shares.
Victor. 5Ooalsc; 5OOa1sszc. Total, 1OOo
shares.
Wabash. l0OGs2.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
MUST LIST THEIR STOCKS.
Shares in Outside Companies VIII
Not Be Recognized After Nov. 10.

A few weeks ago the governing board
Of the mining stock exchange passed a
! resolution to the effect that on and
after Nov. 1 all stocks that have not
been listed shall not be traded in on
( the floor OF the exchange" Yesterday
/ they met and modified the resolution by
! extending the day when IL shall take
/ effect % Nov. TO- From that time on
/ the open board trading, so far as IL
applies 10 stocks that have not been
/ listed on the exchange win be a thing
I of the past. as the board OF governors
are determined that companies for
/ whom a market has been created shall
/ bring their properties within the juris-
/ diction OF the exchange
/ No company with a mine or prospect
OF merit viii refuse 10 comply with the
/ wishes of the exchange. IN fact, quite
a number OF them have already signi-
/ fed a willingness 10 list their proper
/ ties and II Is to give them time in
which 20 make arrangements that the
/ time has been extended.
Members OF the board stated yester-
| day that the exchange management
was anxious and willing to cast every
| safeguard possible around the shares
/ listed. but the day was past, they de-
ciared. when the exchange would stand
| sponsor for any stock or any company
which refused 10 come within the rules
governing the exchanges business.
| Many new companies are being brought
out and the open board business on the
/ exchange, where trading in any and all
| stocks has been permitted, has grown
| 20 such proportions that IL often ex-
| ceeds the business on regular call. Ex-
| change officials are required TO handle
the business. and the companies whose
| shares are not listed contribute moth
I ing toward the expense.
During the past year the exchange
| governors have done al in their power
/ TO put a stop to washing" street trad
] ing and other vices that tended to Grip
| pie the Industry OF mining and degrade
| the business of stock dealing, and they
| propose 10 continue the good work.
| The companies which are not yet rep
| resented can show their appreciation Of
the boards efforts In no better way
| than by listing their properties.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
MINING STOCK MARKET.
Review of the Past Weeks Transac-
lions on Change.

lions on 'Change.
The weeks business on the mining
exchange closed yesterday with the
sale OF 50,650 shares Of stock that had
a selling value of S27,4S2l3, the totals
for the week being SSi, 1874 shares and
$2S4, SS397. The market has been a
lively one for the greater portion of
the time. and, taken all together, a
greater number OF different stocks
were participants than for a number
of weeks past number Of stocks
have enjoyed little boomlets and fur
ries, which has lent Zest 10 the. bust
ness. while a few. from various causes,
have suffered declines of greater or
less moment.
Ajax has been as firm as rock be-
tween SIC and 3Sc. while Ben Butler.
from no apparent cause. has dropped
from 121sc TO loo. with final sales at
IolAc.
Consolidated Mercur has stood the
brunt OF unloading by a disgruntled
shareholder of $4,000 or more shares,
with a splendid showing of strength.
when the delicate poise OF the market
during the past two weeks Is consid-
cred. Il opened Monday at $l.92k,
Thursday it touched sl.Ss. while on
Friday, duFing the sale OF over II. 000
shares. Il moved up 10 S1.ss, and 10
close the week II sold at Sl.s2.
Creole has steadily advanced from
55c to COO. and California, after being
boosted to about 43c. has eased OF and
closes the week about as II commenced,
at between SIC and 3Sc.
Century went down under a bear
! movement. from Sl.I2 10 nearly 81. but
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
OIL CLAIMS CHANGE HANDS.
Deeds For Various Interests in Span
ish Fork Canyon Filed.

Provo. oct. ls.-The following min
ing deeds have been filed for record
with County Recorder Pyne:
Edward F. Mum. ct al, to Sarah NJ.
briggs, all of Salt Lake, an undivided
one~fourth interest in the Sheep Creek
Nos. TO s, petroleum mining claims.
in Spanish Fork canyon; consideration,
5000
W. L. Richardson. ct al, of Salt
Lake to A f. briggs of Salt Lake, an
undivided one sixth interest in the In
dependence, Nos. / to 5, petroleum
claims, in Spanish Fork canyon; con-
sideration. 81.
A. E. briggs to Sarah NJ. briggs.
both of Salt Lake, an undivided two
thirds of the Independence, Nos. to
5. petroleum claims; an undivided one
half of the Robinson, Nos l and 2, Pc
troleum claims: an undivided one
eighth of the C. ID. & r. r.. Nos. 1 to
30: the c. D. & r r. Extension. Nos.
to 4, and the Fossil, Nos. 1 to IS,
petroleum claims. all of Spanish Fork
canyon; consideration. $500.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19

copper and so cents in gold per ton.
The result was great surprise, as
far as the copper was concerned. be-
cause 1t was not even suspected that
any such amount of the red metal
existed in any of the ores OF that VII
cinity. The samples from which these
assays were secured were not intended
10 be at all representative OF the ore
body broken into Tuesday night on the
foot-waIl side OF the vein, but rather
TO show whether the entire mass across
the ledge was of commercial value.
The returns indicate that IL is, though
the nature OF the contents OF the rocks
caused the eyes of the manager to
bulge out with wonder.
After inspecting the property yester-
day Superintendent Kirby, OF the DAILY
West, told Mr.. Spiro over the phone
that the mine presented a wonderful
showing and that he had no doubt that
development was going 10 convert it
into a bonanza.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
FROM BEAVER AND PIocHE.
Chicago Operator Well Pleased With
Majestic and Manhattan.

W. r. Kirk, the Chicago operator
who has been spending a week inspect
ing the mines and works of the Males
tic company and properties OF the Man
haitian company at Phoebe, returned TO
the city yesterday morning and today
leaves for home. He expressed himself
as greatly pleased with the Roadway
! that has been made in the Beaver coun-
~ bOnanzas since ne was on the ground
one year ago. and. unhampered. he
says. there is no question but Manager
/ Parish viii accomplish all and more
than he has intimated he could do with
| the mines. He was told after he had
/ NNited the o. h, by a man who had
been there after he left, that Won
derfui strike OF very rich ore had been
made on the 400 level. and he was fully
prepared TO believe it. as it looked ex-
tremely well when he saw it.
Al the Old Hickory Mr.. Kirk said.
the tunnel was being driven in to cross
cut the great ore bodies. while Man
ager Parish was installing a hoist on
the eighty-foot shaft with a purpose Of
! going down In the ore there exposed.
At all the other properties of the COM
pany, including the smelter. he found
/ the greatest activity imaginable and
| declared that everything now looked
/ like business.
From Milford he took a run over TO
/ Phoebe, and. IN company with Manager
| Prudential inspected the properties of
the Manhattan company. in which he
is also interested. In the company s
Stampede Gap group, Mr.. Kirk says a
| strike has been made that gives prom
Use OF rivaling anything heretofore
/ found In the famous camp. The ore.
a great mass Of which Is now exposed,
assays 131 ounces silver. 81 per cent
| lead and 81 in gold per ton. At the
Telephone group, another of the COM
pany's properties. Mr.. Kirk says the
| showing is a remarkably fine one, and
the development work now being done
| cannot fail TO make the properties pro-
| duce heavily ia the near future In
| fact we're il desirable TO do so, regular
! shipments OF high-grade ore could COM
/ mence al any time. The plan is. how
ever. to get the mines we'll opened be-
! fore commencing active mining Tor
market.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
THE AJAX WINE.
Donkey Hoist Being Installed to Fa-
cilttate Development.

The winze from the 1,O00-foot level of
the Ajax has attained a depth OF
eighty feet, the ore body having shown
a gradual improvement all the way
down. Manager Weir stated yesterday
that there is now all of three and one
half feet OF ore exposed, and as the
values make a nice exhibit he has de-
cided to put in a donkey hoist and con-
tinue sinking. A station has just about
been completed on the tunnel level and
within the next three or four days he
expects TO have it in operation.
Manager Weir said, also, that not
much OF the ore from the winZe could
be saved for shipment. as IL became
too badly mixed IN the blasts fired in
the bottom. At the 100-foot mark,
however, 1t Is more than likely that
another level will be established, and
then the mining Of the rock can be-
gin.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
COMPRESSOR FOR ]. I. C.
Five-drin Plant Will Be Shipped to
the Mine Tomorrow.

AS another evidence that 1t means
business. the J. /. c. company. through
its manager. G. u. b Turner. yester-
day placed an order for a fiYe-drilt
compressor plant that viii be shipped
20 Park City tomorrow. AS previously
stated in these columns. the company
has recently equipped its shaft With
fine steam hOistlng plant and It's dou-
Accompaniment shaft is going down
at a most satisfactory rate.
The new machinery viii be Installed
with the least possible delay, and then
everything viii be in shape for the run
ming of drifts and cross-cuts from as
many points in the shaft as the conii-
lions may warrant. Manager Turner
viii return 10 camp today and prepare
for the placing Of the compressor upon
its arrival
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
GRAIN AND PROVISIONS

Chicago, Oct. 1s.-There was a bull
ish sentiment in wheat during the
greater part Of the day. Influenced by
a good cash demand, stronger markets
In the northwest and a firm export
demand, due 10 reports OF a big short
age In the crop Of western Europe
Trade was on large scale, with con-
siderable profit taking by longs.
Higher prices Ia corn were also a
strengthening feature. Both December
and May were traded in actively. the
former opening &c lower to &c higher,
at Y 10 72i4; sold up to 727s and closed
sse higher. at TN. There was a large
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
sNYDER1s LATEST COMPANY.
Plants a 1880, 900 Corporation on
the Baltimore Property, Nevada.

Articles Incorporating the Pacific
Consolidated Mining & Smelling COM
pany were filed with the county clerk
yesterday with Salt Lake as the prin-
cipal place of business. The capital
stock is 81 500 900. divided into 100000
shares of the par value of S. each. The
officers are: w. F. Snyder, president:
S. NJ. Levy, vice president; c. o. Ell
lingwOod, secretary and treasurer. The
company proposes TO develop the Amy
group of twenty nine claims located in
the Merrimac mining district.
This is the famous Baltimore copper
property that Messrs. Snyder and as
sociates have been operating for
year past. and it is understood that it
will be equipped with a smelter in the
near future.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
Coffee and Sugar.

New York. Oct. 1S.-Coffee- Rio,
quiet; No. invoice, 7-ls; mild, dull;
Cordova. 724G12.
Coffee futures closed quiet and un-
changed. Total sales. $500 bags. in
GLIDING: October. 10; December, 5. 25
as 80; March. $50; May, 5.s5.
Sugar-Raw. firm; fair refining. g.:
centrifugal. SO test. 9-1s: nlolasses SUI
gar, %: refined, firm; No. 6. AIS: No.
7, 40; No s, 4.05; No. 8, 400; No. 10,
1856; No. II, $50; No. u, 3.S5: No. l3,
$50: No. II. 3.75; confectioners' A. 4. 60:
mold A, 40; cut loaf, SIS; crushed,
5.15; powdered. AS; granulated, 4.65;
cubes. 90
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
COPPER IN LITTLE BELL
Average Of All the Vein Matter Shows
1se Per Cent of Red Metal.

Manager Spiro OF the Little Bell is
wondering whether that property is
going 10 develop into a silver-lead or
a silver-c0pper mine, the doubt In his
mind having arisen since he received
assay returns on a big box Of samples,
taken as an average OF the entire thir-
ty-five feet OF ledge matter exposed in
the crOss-cut when he was at the mine
earlier In the week. The samples as
sayed 2S.f ounces silver, 1873 per cent
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
Metal Markets.

New York. Oct. iS.-The general sit
uation in the metal markets today pre-
scented no marked changes. Prices re-
mained as quoted yesterday and bus
mess Is reported light.
Tin is steady with spot quoted al
s2s.60626.95.
Copper firm but dull; standard
s11.00; lake, $11.75G11.95; electrolytic
s11.70d1lS5: casting. $l1.65G1L75.
Lead quiet and steady; 41kc foi
spot.
Spelter hrm and quiet: 5lsc foi
spot.
Iron nominally quite and unchanged
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
Money, Silver and FINANCE.

New York, Oct. 1s.-Noon. Money on
can. steady. all transactions at 5 per
cent; prime mercantile paper, pei
sterhng exchange strong. with actual
business In bankers bills at Ag5756
SEQ Tor demand and at 4.S275@4.Ss for
sixty days. Posted rates. 4.s3lzQAS6jk
commercial bills. 4-s2q4s25o.
Mexican dollars, 40.
Bar silver, 5OZ.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
BACK FROM SILVER KING CAMP.
Z. ]. Evans Says the MCGEE Mines
WIN Supply a smelter.

The examination and sampling Of
the famous MCGEE mines in the Silver
King district, northwest of Phoebe,
concluded. r. J. Evans and his expert
returned from the south Friday loaded
down with ores from the various work.
lngs on the group. Last evening re-
turns from a sufficient number OF them
TO give an intelligent idea Of the worth
OF the proposition had been received 10
warrant Mr.. Evans In saying that he
was well pleased. sufficiently so to go
ahead with the operation OF the mines
and prepare for the early building Of
A smelter on the ground 10 reduce the
product 10 bullion
erhere are great quantities of ore
now exposed In the various workings
along the three different lodges that
run through the claim" said Mr.. Ev-
ans. "and from numerous assays upon
which / have already mad returns,
feel perfectly JUSTIFIED in saying that,
leaving out OF the reckonings alto
eether the assays Of the rich streaks.
which were taken separately, that the
entire proposition will average 20
ounces silver 20 per cent lead and
from 81 TO S. in gold per ton. From
the rich samples taken, / have got re-
turns showing all the way from 5000
to 1900 ounces silver, As TO so per
cent lead and varying values In gold
"There is a fine gold ledge running
through the property. also. but no de-
velOpment work has been done upon II
yet, but the veins already opened dis
close enough fine ore. aside from the
, immense quantities OF lower grade, 70
make even old veterans grow enthusi-
astic when they see IT,
Close at hand is any amount Of
pinion pine and cedar wood which can
be laid down at the mines for from
81 10 $3.50 per cord, and as he have
all the water necessary for the pur-
pose, arrangements cor the building of
smelter viii be taken up just as
soon as We can get around 70 H. IL
/. Is a big thing and believe the camp
; Is destined 10 rival Tonopah."
Ar. Evans has a large number Of
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
Boston Mining Stocks.
Mining Notes.

Six cars OF Eagle Blue Bell ore
were on the market yesterday.
Two carloads Of lead ore from the
Horn Silver were on the market yester-
day
w. A. Byers. manager of the Virginia
Mining company's property, viii leave
for Idaho in day or two to see the
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
Open Board

100 Ajax at S75sc.
100 Ajax at Sia4c.
100 Consolidated Mercur at $3.50.
100 Consolidated Mercur at $1.92.
200 Ingot at l31zc.
200 Star at l5c.
500 Star at l6c.
500 Ben Butler at l0lzc-
200 California at Sll2c.
100 California at S7Izc.
900 Century at Sl.051A.
1890 Little Chief at 51sc.
LOCO Victor at Ice.
400 New York at eOe-
500 New York at 5Sc.
Total open board. 500 shares.
Shares sold. 50.650.
Selling value. $27.4S2.13.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19

samples OF the various kinds Of ore on
exhibition al his offices, and number
OF mining operators became deeply in
terested in them yesterday. The prop
erty viii be taken over BIZ an operat-
ing company during the next few days
and the active development of the
property win follow.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
Treasury Statement.

Washington. Oct. 1S.-Today's state
ment of the treasury balances in the
general fund, exclusive of the $780,
100000 gold reserve In the division OF
redemption. shows: Availa BILE cash
balance, $22o, 1857 SIT; gold, s134, O55, SIS.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
Ore and Bullion.

Ore and bullion settlements in this
city during the past week, as reported
by Mccormick & Co., amounted TO $780,,
$50. yesterdays proposition of the total
being $3.50 as follows: Silver. lead
gold and copper ores. SIS, 700; base bull
lion, SIS. 400; gold bars, $500.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-10-19
Metal Market.

Silver, 5O2se per ounce; New York.
close 50%c.
Copper, I0%c per pound; New York,
Sll. 65 to S11.75 per 100 pounds.
Lead, $3.50 per 100 pounds: New York,
81 I9lL