davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
PRODUCTION OF
ORE AND BULLION
Weeks Record Has Been a Very
Good One.
OUTLOOK FOR REST OF YEAR
UTAH-CALIFoRNIA OPERATORS
TO CONSOLIDATE MINES.
OUTLOOK FOR REST OF YEAR

ore and bullion settlements in the To-
cal market during the past week. as re-
ported by Mccormick 6. Co. amounted
TO $513,5oo, material increase. over the
previous week. Yesterdays settlements
were rather light, owing to the short
business day, and were as follows: Sill
ver lead. gold and copper ores, ST.
200; base bullion, $4,000.
From the independent copper shelters
there was forwarded during the week
q total of 665,2l6 pounds Of bullion, car
rying copper. silver and gold as follows:
Bingham Consolidated, 1871, 363; United
States, 1S3.S58 and the Utah ConsoH-
dated, 100000 pounds. The American
COmpany's output % copper bullion va
ries but little from 100000 pounds
week, so, if that be added to the product
of the individual company plants, the
total would be g65,216 pounds, figures
which have been closely adhered to for
several months past.
COnsidera Bile ore comes into this mar
ket from outside states and is always
included i'm the figures given from day
TO day and week to week On the other
hand, there is a large tonnage being
sent out of Utah for treatment else
NHeEes ana II IS lnougnL tHdt the one
makes an even standoff for the other
At the present time a respectable ton
mage of ore is coming from Alta and
Big Cottonwood mines. and the year
promises to show a substantial gain
over the states production during 1902
Before the close of the present month
the Majestic company's smelter will UNI
doubleday be in operation, and, barring
unforeseen accidents, it Will add ma
terially TO the output of copper for the
last two months of the year. The Tin
tic company's Tampa smelter VIII also
be in commission before the year closes.
but whether in time to make much Of
showing will depend altogether on the
cOmpany's ability to secure Iaborers
and mechanics to hurry the completion
Of the works. Material is now coming
along at a rapid rate and the principal
buildings are well under way. The mine
IS ready to supply any tonnage of ore
desired and there Will be nothing to
hinder lively work when once the fires
are lighted.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
The Bank Statement.

New York, Oct. 3.--The statement of av-
erageS Of the clearing house banks Of this
city for the week shows:
Loans, Sgl2, 500, 100: decrease, "a, l44,600.
Deposits. 1891, pa. 400; decrease. 81 1870 500
Circulation. S45,674, 200: decrease. S11 500
Legal tenders, $1O.i62, 700; decrease, 81
O57.1O0
Specie. 1854 400: decrease. S60S. 400
Reserve. S23S. 241. 100; decrease. 8. So, 800.
=, Reserve required, $224SJS'600; decrease,
Surplus, $685. 500: decrease. Ses1. 500.
Ex- T. S deposits, $23. is, 200; decrease,
S1.162, 500
The Financier saws: The striking fea-
ture of the official statement of the New
Y Ork associated banks last week was the
decrease of 81 see IN cash instead of
and increase of 600 as was estimat-
ed from the traceable movements Of mon
e yduring the week. The loans decreased
$4144. 500 during the week. but this was
expected as the result of the somewhat
violent liquidation in the stock market
this week, and also of the operations in
cldent TO the October settlements. The
deposits were decreased $4.130 500. whereas
the reduction in loans and the loss Of
cash together called for a decrease of
S5.0S9. 100 therefore the statement dOas not
balance by $i67S.300. IL may be noted that
che balance was probably somewhat de-
ranged, as was expected, by the changes
incident to the merger of the Western
National bank Of the United States with
IN eNational Bank Of Commerce, which
will become effective on Monday Of next
week the increased S25, 100000 Of capital
and S15, 600 of surplus of the Bank of
Commerce viii be reported in the state
ment to be Issued on Saturday, Oct 10.
while the Western National bank of the
United States viii disappear from the list
of New York associated banks.
The required reserve was reduced
$l-032 200 through the decrease in deposits.
which sum. deducted from the foss of
cash. leaves S631, 800 as the decrease in
surplus reserve. making this item Sl3.-
$4,000. Computed upon the basis Of de-
pOsits, less those of $50. sos, 500 public
funds the surplus is S23. 1879 200. The gov
eminent deposits We're reduced compared
with those of the previous week BY g. 324 =
0000, probably because Of distribution to
some of the interior banks The loans
exceeded the deposits by S15. 6SS, zoo against
SO. 500 in the previous week. The aver
age daily clearings of the banks were
S23l.0O0,0)0 aga INST $4,000. 900 in the week
ending Sept. 2s; the sain was I'm great
part due to the changes resulting from
the October settlements. Circulation
showed the comparatively unimpOrtant
decrease Of S1.S00.
Comparisons Of changes in loans sEow
that three banks reduced this item hv
So. 300 900 net. the greatest decrease being
s.. 6000go by the Bank of Commerce. in
tluenced by preparations for the merger
above noted. The cash changes by four
tanks show a net gain of $500 600
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04

day.
The &c assessment on Black BeSs be
came delinquent yesterday.
Another wreck is reported on the United
States company's Bingham tramway.
Manager SOnnedecker of the Silver Bel
Will visit that Park City property today.
Receipts at the Taylor & Brunton sam
pier yesterday included six cars of CNe
from Tintic and three from Bingham
Samuel Newhouse came in from Denver
yesterday afternoon. He Will now devote
some time to the affairs of his various
mining enterprises here.
Don Mcguire is making a roundup of
several OF the mining camps for the pur-
pose of having them properly represented
at the St. Louis exposition next year.
At the Raymond delinquent sale yester-
day there was only about 10000 shares re-
ported as not having been paid upon The
stock sold TO cover the sc assessment and
costs brought between 35c and 4Oc a
share.
Fred w. .AIuehlenbruck is in from Stock
ton. He says that everybody is now
watching the developments at the Homer
inc, where the draining of the camp is
promised through that cOmpany's long
tunnel.
Superintendent w. i. Craig of the Yam
pa came in from Bingham last evening
and, weather permitting, he Will Join Sam
NJ Levy and others in a pilgrimage 70
Alta before ne returns 90 the big Bingham
bonanza.
1t is reported that W. D. Parker, for
merly in charge of the Ophir at State
Inc, is now rounding ont some pretty big
propositions in Central America, where
he has been since leaving Utah several
months ago.
Morris r. Hunt has returned from a
several days trip into the Gold Mountain
district where he is understood to be ne
gOttating for one of the well known prop
critics there. II is yet too soon to give
particulars concerning the undertaking.
+. J. Raddatz, superintendent of the
Honerine, came in from Stockton la1i
evening and, I'm company with Fred c.
Richmond, left for Denver to look into
the concentrating table proposition as il
will affect the new 350-tOu mill at the
Honerine mine They will be gone several
days.
Tho Richfield Reaper says that the
Franklin syndicate has taken an option
on the L. & y. group in the Gold Noun
tain district for $4,000 The j.. & y. has
been a frequent shipper TO this market
and the ores have been made to pay the
cost of development at the mine. The
property viii most likely prove to be a
very valuable asset of the big 100000 de-
velOpment company. which the doctor and
his associates arc forming.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
Coffee and Smear.

New York. oct S--Coffee-spot Rio
firm. No Z invoice So: mild. steady:
Cordova, 7du The market for coffee fi,-
lures oDened steady at a decline of
points under realizing following the de
cline IN Hamburg and the increase i'm the
world s visible supply which amounted to
6zZ.229 for the month and places the pres
ent supply at 13.770, 200 bags against 1890. s.
30 last wear. Aside from HavTe the for
etgn markets were steady with the Bra
lillian centers reporting advances. Prini-
aTY receipts also were moderate but as
the session progressed pressure became
pronounced and at one time prices were
50lO points lower. Just before the close
the market steadied and the close was az
a partial decline of points. Sales were
6.260 bags, including November. 4.70dL95;
December. 500: January. 5,O505.l0: March.
5-25H5.3O; May. 5.40H545: july 555;
August, 5.55; Septembre. $50.
Sugar-Raw. steady; fair refining 32s
centrifugai. S6-test. 29-32; moIasses
sugar, 5-32; refined. quiet: No. 6. 40:
No T. ABS; No. S. $50; no 9. AS: No. 10,
4.25; No. II, AIS; No. 10. 40; No. Is. AO5:
No. IA. 400; confectioners' A. AS: mould
A. 5.05; cut loaf, $40; crushed. $40: pow
dered. AGO. granulated. 4e0; cubes. 5.05.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
Black Hen Was On


O1Wenueth century Farmer.)
This is how the contributor to one OF
the magazines tells of the way in which
little girl revealed the outlook for
trade 10 the country storekeeper.
From one OF the smaller COTTAGES al
the END Of the street came a barefOoted
child IN "a colorless calico dress ana
STAT sunDonnet. With the important ai-
or q heavy buyer she entered the VIII
lage store and handed across the. coun-
ter blue tea cup The pronrietor..
took the tea cup and said in brisk
tones.
Wen, Emmy, what does your ma
want tOday%
Please. sir, ma wants an eggs
worth Of molasses,' and she carefully
placed a large white egg on the coun-
ter.
The storekeeper poured out a little
nolasses into the cup from a stone jug
and set the cup before his customer.
d" AR smith, she said, as she took
her purchase, IN be back I'm a little
while for some ginger. Ma said to tell
you the black hen was on
Ask your grocer for Vienna Model
bread. IT'S the best"
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
MINING STOCK EXCHANGE.
Light Weeks Business, With Prices
Suffering But Little.

The week on the mining exchange
closed yesterday with the sale of 15,SI7
shares OF stock for S5.347 For the six
days a total of 1910, 763 shares with a sell
ing value of Si79SO.O9, changed hands, it
being the lightest weeks business for a
good while. Notwithstanding the dull
ness, however, prices suffered but little.
the strong points i'm the active list maxi
ing fair stand-off for those which have
failed to hold up.
Ajax has been on the toboggan an
week and the close finds it selling at he
butier-Liberal is practically unchanged.
buyer and seller failing to come together
with the exception of once in a while.
century is stronger at soc, and Consoli-
dated Mercur still holds very weak with
the stock offered at $1.041z, but the talent
IS predicting an upward movement in the
very near future.
Daily is not to be had for less than 81 30
while the purchaser refuses to pay more
IMAM 500 Daly-Judge is held at 1885 and
Daly-West is again at the $40 mark.
May Day, Sacramento, Uncle Sam. Vic
tor and a number of the other more ac-
tive stocks have held their own fairly
well while Tetro has fallen off a little.
Star Consolidated is slowly but surely
gaining i'm strength and favor as is also
Silver Shield. while New York and YAM
kce Consolidated have both declined sew
eFal points during the week.
Following is the list OF final quotations
and record Of sales made yesterday morn
ing.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
RED CROSS CONSOLIDATION.
Salt Lake Company to Combine With
California Crowd at Grass Valley.

\ deal in which several Salt Lakers, in
Guiding w +. Snyder, c. o. EHingwood.
". q. Filler and Captain Charles I. RAIDER
OF the Annie Laurie, are interested. will
be contaminated in San Francisco on the
arrival there Of Messrs. Snyder and FL
lingwood, who leave Monday. II involves
the consolidation Of the Red Cross Gold
Mining cOmpanys property with that OF
the Huron Mining & Milling company and
means the rounding out of one of the big
Eest gold mining undertakings ever
Launched in the gold belt adjacent 10
Grass valley. Cal. The Red Cross com
pauy is composed entirely Of Salt Lake
talent while the Huron company is a
California corporation
The consolidation will bring under one
management no less than eighteen full
mining claims. together with most valu-
Qble water and timber rights and greatly
increased facilities for CARRYING on the
business of mining and milling on an ex-
tehstNe scale. Through the absorption OF
the Huron property. which adioins the
heu cross group. the latter can be mined
~ great depth ana an outlet provided for
me ores or bOtn properties. which will be
sandy to a fine mill site on the Yuhq
river q short distance below
inc Red Cross cOmpanN's present mill
lhE plant viii be made to handle the ores
taken out I'm the development of both
blocks OF ground until next wear. whom a
hig milling plant will be erected to handle
the output after the mines are TuIIy-
opened mp. The Huron workings are dis
t1nt only ~ bout 500 feet from those of the
hed Crosse and the combining of the two
properties Will mean everything to each
OF the companies In the deal.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
NOTICE OF ASSESSMENT.
Noties Of special 90 -

hOAAEu u 5kN~AaA ~AAN [eHA~
TO WHOM 1T MAY CONCERN
Notice is hereby given that a special tax
Tor the purpose OF paving and cUrbtng
First street between State and A
streets, in paving district No. il, has been
levied ard confirmed by ordinance Of the
city council, dated Sept. q, 1893.
said tax is levied upon the following
real property in Salt Lake City to-wit.
An of lots Z. 9, TO. IL, i and ~. block i,
and all of lots 1 TO s. inclusive, Block 2.
plat IL" all of lots and 4, block IA. and
all OF lots ] and ., block Is plat d. Salt
Lake City survey, TO a depth Of twenty
five feet back from said street. Is payable
i'm four equal installmeuts and becomes
delinquent as follows, Said first install
mcnL on Sept. so. 1908, said second INSTALL
meut ON March 80. 1904. said third install
ment on June go 1904 and the said fourth
nstallment on Sept. 80. 1904
Each of said installments, except the
first shall draw interest nj the ratio OF
{ per cent per annum from the time OF
che levy as aforesaid. and ~ any or
either of said installments shall be unpaid
when they become delinquent interest
thereon shall be at the rate of 10 per cent
per annum until such delinquent install
ments are fully paid.
All special taxes are payable at my Of
ticVe, room l02, city hail. salt Lake City.
r. =. MORRIS
City Treasurer and Special Tax Collector.
salt Lake City, Sept p, 1903.
Paving Extension NO. S.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04

oet nc corn belt. together Win the weak
"- "1ea,- ".re responsible for lower
liites ln corn. amer selling hetween 4tss
.t4isa aud 45ssffi5sl December closed cent
loNar at eta local receipts were $50
cars with forty-siX OF contract ssrado.
Tho weakness in wheat and corn WAS
TIE principal factor I'm bringing ont fro,
selling OF oats hy discOura ged longs and
prices shlmDed accordingly. The close
was weak with December down ssN2t al
S5Sl US57s after selling between $3.50 and
36las Local receipts were lSS ears
There was little doing i'm tho provision
pit and prices were easier in sympathy
with the lower grain prices January
nOrk closed at a loss.Of tls cents al l2f5;
January lard was off 6ls cents at 6.S71s.
and ribs were down elaI5 cents at 6.57iz.
The leading futures ranged as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
sHEBA OFFICERS SURPRISED.
Rock Long Distance From Mammoth
Ledge Carries Gold Values

T. q. Hardy of this city. who has the
contract for running q tunnel on mo
sheba company's Mammoth propert,- an
star Qlstricl, humboldt county Nev sonf
IN some rock by President Rartc6 az
Irst or the week that interested psrtics
On TINS END OF the line might know The
character OF the ground I'M the face 30
nc tunnel some of it was submitted 10
the assayer day or two ago and the ,,-
turns we're somewhat in the nature ~ +,
revelation. They showed S7.4f I'm pold ann
a. trace OF silver per ton The tunnel yvee
lnen IN a distance of 165 feet with ia5
leet farther TO go 20 reach the ledge for
Wmch IL is being driven. The rock beiDe-
passed through is quartz. carrying some
niue pyrltes of iron. but little did The of-
llclais OF the company think In vy-.5ld
carry values amounting 10 anything 50
Tar from the vein.
IN mentioning it yesterday Secrefarv
Child said II was illustrative OF tho bi,-b-
~ nlneralized character OF the ground On
which the property was located ana -
thought. might be taken as an intfmatfon
Of what might be expected when tho lodee
was tlnally tapped Nr. HarJvs CONTRACT
calls FOR tho running of tile tunnel -f.l,tii
the vein Is opened and when he learns ~
the value Of tho rock which nc is pcne-
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
. MINES and MINING STOCKS=HNANCAL and COMMERCIAL

traung he may feel that he is entitled %
pay tor the entire job right away
seriously speaking. however President
bartch has become so interested IN the
ehssnEes which are now taking place. both
ln the old Sheba workings and the Mann
moth territory, as well. that he is seri-
o1siy contemplating another trip to the
mines during the coming week. When he
ietu camp the rich ore described in this
department a day or two ago was com
ing IN so strongly that he believed q
large body would be encountered before
long and when it does he wants 20 be on
the ground. AS it Is. several tons have
been recently taken out and. as "a runs
more than 5000 ounces to the ton pro-
vision for taxing care. of it previous 10
shipment must be made.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
GETTING READY TO START.
Majestic Shelter Ore Bins Are Being
Filled at Lively Rate.

W. H. McKinnOn, the Majestic COM
panys metallurgiCal engineer and snelt-
ing expert, IS up from camp for a day
or twos visit with his family He saws
mat matters are rapidly assuming shape
Tor the blowing in of the Majestic COM
pdny's smelter and the moment that suff1-
clent ores and tluXes have been accUmu-
lated at the plant the furnaces will be
warmed up Twenty-eight teams are now
employed in hauling ore from the Ola
HICKORY and .. X. mines, and limestone
ton-HiCkOrF.
Bv tomorrow twenty teams with scrap
erS Will be on the grade for the spur
road from the Frisco Milford branch OF
the san Pedro to the Old Hickory and the
1000 feet of work viii be completed and
ready for the traCk-layers within a very
few DAYS. When that spur is completed
Mr. MckinnOn saws no trouble will be eN-
perienced in supplying the copper fur
naces at the big plant with all the ore
necessary to keep them in operation.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
POPULAR SUPERINTENDENT.
George z. Edwards Given Great
Send-of on Leaving Con. Mercur.

me great esteem in which George Z.
ia wards. the retiring general sUperin-
tendent of the Consolidated MeUCur is
neld bv the employees of the company and
lne Mercur people generally, was shown
at camp Thursday night Early in the
evening he was scTenaded 10y the Mercur
nand and he and Mrs. Edwards were in
Nlled TO present themselves at the town
opera house, where a citizens reception
had been arranged in their honor. During
the evening Mr.. and Mrs. Edwards were
presented bv the employees of the Con-
Sohdated Mercur company with as hand
some and costly a silver tea service as il
was possible to obtain IN this city. In
addition the members of the hand pre-
scented Mr.. Edwards with a handsome
charm and fob, while everybody i'm town
showed in some manner how sorry they
We're to have their guests leave the camp
d J. Underwood delivered a farewell
address TO which Mr.. Edwards feelingly
RESPONDED. Con w. Evers made the
presentation speech and later IN the
evening the assembled throng refused 10
ACCEPT any excuse when George If. DerH
general manager of the Consolidated
Mercur company, was called upon for
speech.
Mr. and Mrs. Edwards Will make theIl
home in this city, where Mr., Edwards has
owned property for several years.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
Open Board.

200 Consolidated Mercur at Sf.O4.
2G1 Consolidated Mercur al Sl.05.
500 Con. Mercur at SL05. seller 3.
200 Con. MerCur at S10I buyer so.
- Daly-West at 80.
so New York at 205sC.
Keen New York at 2014c. seller 30.
500 Silver Shield at 13c
600 Star Con. at 3fiec.
600 Tetro at Z34tc
Total. open board. 5,7i5 shares.
Shares sold. 1857
Selling value, Sj,3iI.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
Money. Silver and Finance.

New York. oct. 3-N0ney on cau nom
inal, no loans. Time money, easier; sixty
days. 505ia per cent; ninety days, 50 per
cent; six months. 5la per cent.
Prime mercantile paper. GftGia per cent.
Sterling exchange. easier with actual
business in bankers bills at AS2nfS2.2j
Tor dcmand and at 4-S5.650f.S5.I5 FOR sixty
day bills.
Posted rates, 4s2h0AS3 and AS5isGAS7.
Commercial bills, ASld4S2lh.
Bar silver, J97s
MeXicau dollars f6
Bonds, government, steady; railroads.
steady
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
Metal Market.

New York Oct 3.-The metal market
showed no important feature TODAY b1Isi-
ness being of a unusual Saturday aver
age. The pig iron situation has not been
improved by the attempts to secure a
curtallment in production and prices are
nominallv unchanged
Tin firm at 26256t26.95. copper. nominal
lake and electrolytic. 13O0G1325: casting.
i&o7: lead firm. unchanged, A50; speltcr.
quiet at SEQ.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
The u S. GOV'f Reports
show Royal Baking Powder
superior 20 al Others.
CONFERENCE ENB STATE FAIR

The usual low rates win be made via
Oregon Short Line. Tickets on sale
from Ogden and intermediate points
Oct to 8, inclusive. final limit Oct. u:
all other points Sept. 80 to Oct. 8. in
elusive, limit Oct 10. See agents for
particulars.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-10-04
Yesterdays Sales.

Ajax. l0oMl4c.
DEly-West. ZdS40
1900 shares.
Sacramento. 1.500T26iSc.
Silver Shield l0O4I3Lc.
Star Consolidated. 50QH332-C. fGO1t34c-
L00003iizc buyer 80; 20Od3laic. Total
500 shares.
- Uncle Sam, 5000 252sc: 1,500d25itc. I.5O9lI
25c. Total, $500 shares.
Century, 1O9050c
Martha Washington. 2oO03tc.