davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05

Dewey mill Wlll soon be grinding again,
after q long lnleTTaL during which % has
been thoroughly OVerhauled-
Hampling OF ore from the Dc Lamar
sroup has been in progress for lorl-
night and there may be something doing
on that bis property this summer.
several men nave been putting the
kempton in order this week and Colonel
Wall VIII soon resume operations wiki a
considerable force. no doubt regular
shipments win follow. as the development
work VIII be largely IN nrst class ore
Four new towers for the United States
trauway are being delivered along the
line and win soon be in place. BY their
installation the grade VIII be equalized
and Transporting capacity materially IN
creased.
Work has been partly resumed IN the
Dalton & Lark Ions tunnel which lasl
week struck Q zo0l-gallOn-a-m minute flow
Of water that drowned the boys out
News of another kind of strike Is liable
TO be heard any day.
The Dalton q Lark machine shop and
blacksmith shop, which We're at the hoist
having been removed 20 the soWer plant
building at mouth Of long tunnel, the
machinery and reporting OF she company
ls now an concentrated there
From the United States mines go 90 $50
tons of ore are now being shipped QallHi
and another 100 tons viii no doubt be
added when the additional tramway tow
ers are up The number OF men en-
plOyed at the mines is li5 10 $50,
A party of engineers who came 10 camp
this week arc reported TO be making the
fnal survey of the Boston Con. aerial
tramWay To make It's lower terminal,
below that of the United states. IL VIII
have to cross the Highland Boy tram.
The work of unWaterlng Colonel Wall
Maxwell group. across Carr fork from the
Xampa and on the same vein, was begun
Monday and it is presumed deal OF some
kind calling for an examination of the
workings Is under consideration. A cross
cut run last season proved the VEN TO be
115 feet wide. an in good Milling ore.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05

plant than TO acquaint himself with its
features and be declared that he was
very much surprised at its complete
ness and the manner in which 1t was
doing its work
IL am in no sense interested in the
Daly-Judge company" said AIR. Cal
low and had IL not been that I take a
great interest professionally in all
methods of ore dressing. I doubt that
\ should ever have visited the plant.
Now that I have seen it ] cannot re-
uain from passing judgment.
The striking features of the mill are
IT'S splendid construction, continuous
ness in turning out concentrates, its
nolselessness and enormous capacity
t1r the emount of machinery employed
Not only Is the capacity unusually
great but the character OF the work
done is wel-nigh perfect. The assays
made while I was at the plant showed
"a loss of only per cent lead and one
and a half ounces silver, and as most
of that went into the zinc middlinge.
The greater part of it viii be saved in
the secondary treatment of that valu-
able product. ] heard While In Park
City that the statement had gone out
that much Of the value of the ore was
going down the creek en- the taIliEgs.
Nothing could be farther from the
truth. 7 have never seen a new mill
do such remarkably clean work i'm all
my experience.
ANOTHER thing. There is plenty o.
room in the buildings 90 do 10 and, with
the addition Of a little more equipment,
the plant viii handle not less than 400
tons Of ore per day like a top
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05
MININa sTocK ExcHANeE.
Weeks Business Light-Market Slug
gish and Uninteresting.


gish and Undressing.
The weeks business on the mining ex-
change has been characterized by a lack
Of interest and sluggishness that has
made the atmosphere OF the eall room
very suggestive OF mustiness and cob
webs. Trading has been exceedingly
have not suffered 20 the extent that
might naturally have been expected
During the six days total OF ioS.7le
shares Of stock. with a selling value oL
$l33. -. 70. changed hands. AS compared
with the previous week. the figures snow
q reduction OF 6i $50 shares and S9l,4eo.o9.
Consolidated Mercur has gone OF from
M.b4la TO $50 per share. but II can be
truthfuuy said that there is absolutely
nothing iu the physical condition OF the
property, present OF prospective, that
should not tend 20 elevate rather than
depress the price OF the shares THIS
statement win be emphasized IN the near
future
Daly-West has been firm and strong all
week. Notwithstanding repeated at
lempls % break il. It's low mark Mon
made az Sl3 Daly-Judge, with It's new
mill doing remarkably fine work, has
been reduced In the selling from $lV.a0 20
$3.50. but Tor the past TWO or three da95
IL has been commanding from $40 20 Slu.9i
per share, the closing sales being al SlO
DAILY has been weak and inactive, que
altogether 10 lack of speculative spirit on
the part of the public. Development OF
the new territory goes on as usual ana
no discOuraging reports have come irom
the mine
Grand Central sold at $50 on Monday.
but since then 1t has sold az $40 and the
close finds the holder demanding $50,
though the best bid was only s.. -. Low
or Mammoth has been completely az the
mercy of the bears all week Monday
morning it began selling at 56c and every
transfer since then has been at recedtng
prices, the final transfer being made az
45ifc Mammoth has stood az 81 80 bid,
81 90 asked all through the week, while
May Day has continued firm at very close
90 zoe.
Star Consolidated. with its new strike,
has dropped from 1870 to lie IN the sell
ing while California is 1Ac lower at loc.
Century and Sacramento ale also both
down from the figures at which they
were held Monday, while Victor COns0l-
idated has shown unmistakable signs or
climbing the ladder.
New York. Wabash, Utah, Ben Butler
Carisa and a number Of other stocks
have managed 90 hold their own very
nicely. while Yankee Consolidated has
dropped &c a share 70 555Ac.
The record of closing quotations ana
sales made Yesterday were as follows;
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05
Mining Notes.

Ten carloads of ore from Tintic We're
reported az the cOnklln sampling works
yesterday.
A wire TO the local offices Of the Ma
jestic company showed that President A.
b. Lewis was i'm Chicago yesterday.
The Taylor g. Brunton sampler was
yesterday In receipt OF nine cars 81 ore
from Stockton. nine from Tintic and two
from Frisco
President John Dern Of the Console
dated Mercur has gone to Fremont Neb.,
for a two weeks trip. He was accom-
panied by Mrs. Dern.
Outside shareholders viii do well 10
remember that the assessments Of Sc and
10c a share, on Wabash and Century re-
specuvely, become delinquent on the
18th.
The directors of the Phoenix company.
which owns property m the Big Cotton
wood district. VIII meet tomorrow even
ing and arrange for the approaching sea
sons campaign.
The Pioneer sampling mill Is rapidly
nearing completion and there Is reason
to believe that it will be ready for bust
ness by the middle of the month, or
very soon thereafter.
The Daly-West directors did not get
together yesterday. They viii meet to-
morrow afternoon and post the April
dividend but whether the amount viii be
increased Is not Known.
Inc employees or inc t1lEnlnuu boy
yesterday presented superintendent
Thomas with an elegant gold watch. Mr..
Thomas win leave the employ Of the COM
pany and go east next week
The Tonspah & Salt Lake company s
delinquent Isl ls printed this morning.
About $1,000 shares are shown 10 have
not yet responded 20 the assessment but
nearly an of it VIII be paid up before
sale day.
Professor j. NJ CalloW. the metal
lurigal engineer. is now engaged in de-
signing complete laporatory for the
University OF Itah provision for which
was made at the recent session Of the
legislature.
Manager John AlcSorley Of the New
York Bonanza came down from the Park
Friday night and today ne leaves for
the coast on a trip planned for pur-
poses of recreation and rest only Sink
ing at the mine was begun IN earnest
again yesterday.
10 looked yesterday as though there
would be no particular trouble at the
May Day annual meeting tomorrow That
some changes viii be made In the board
of directors seems quite certain, but there
was a disposition on the part OF the
coutending sides 70 give all interests rep
resentatiOn. j. A. Cunningham, Ed W,
Duncan and A. =. Snow are each looked
upon as being likely 10 so on the board,
while J. a. Hunt. James Larsen and +.
A. Darmer are the chief names under
consideration by the supporters Of the
old regime.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05
CRAM Ann PROVISIONS.

O. Chicago. April 4.-Wheat was again
weak and the trading only OF moderate
volume. The big Argentine shipments
reported yesterday had some effect at the
start and this influence was augmented
bv the bearish crop reports Of Ohio and
Missouri. which caused an easier opening,
May being a shade TO lNAc lower at ld3s
to 1854. Commission houses and longs
were disposed 20 sell wheat early ln the
day and without support the market
declined. May selling off 10 1873. At the
low point the leading long became an
active buyer and there was suIIlclenL
following 10 create q steady tone during
the remainder Of The session with part
of the early loss rogained. May closed
hc lower at t3izHl3ss.
There was only a small trade az corn
and the undertOnc was weak, due largely
20 the weakness in wheat and 20 the more
favorable weather conditions as well as
to the absence Of any support from the
cash market which was practically az a
standstin owing 70 the tie-up Of the lake
traffic. Another depressing influence was
private cable from Liverpool stating
that the Argentine corn was being offered
there al "a price equal 90 40 cents in Chi
Cag0. which condition guaranteed. There
was scattered liquidation going on the en-
tire day and Aay closed re lower az 4<4
after selling between f-s and il.s.
Improved weather had q peEkcnine in-
luenco In OATS, and there was consider
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05

iurhed hy TIE April I settlements. but
confidence is felt Tn a betterment f.
the immediate future There is hose
ever renewed consideration az the long
outlook ia the money murket and Of
the various factors threatening str.u-
gency. The high degree of bus'uess
activity in an lines seems 90 insure
large requirements which extend Go the
collection Of government revenues,
both customs and internal. Much dis
cussed problems of the Panama canal
payments. the accumulation of re-
serves by New York Trust companies,
the floating OF government loans i'm
foreign markets and the volume of our
debts to foreign money loom largely
On the perspective with their nearer
approach.
The bond market has been under
pressure In the same way as stocks,
but in much less degree There was
a decrease of over % per cent of the
par value in the bonds dealt in on the
stock exchange i'm February. compared
with February Of last year.
L. S. coup0n As and the SIS regis
tered advanced "a and the As cou-
pom. =. The new As declined u, and
the IS registered =. as compared with
the closing call of last week.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05
FROM GOLD MOUNTAIN
Copper Belt Changes-Ore in the L. &
D.-other Newsy Notes.

D.-other Newsy Notes.
Richheld. April AIT the annual
meeting OF the Copper Belt company
held In this city this week the follow
ing directors and officers were elected:
J.. H. Bartholomew. president; Samuel
Kr0tki. vice president; Elnor Bartholo-
NEW. secretary: Max KrOtki. treasurer
J. j. Stewart director. The articles Of
Incorporation were amended to increase
the par value of the stock from % cents
to 81 per share. thus making the cap
ital stock 81 100000. The place Of busi-
ness is changed from Richheld TO
Marysvale. III was decided to author
ize a bond issue to raise means TO
develop the property. 1t Is believed
that proper work i'm the right place
viii vindicate the judgment Of the pro-
meters Of this property that 1t is
good proposition.
At distance Of 200 feet In the tunnel
on the L. g. ID. ground near the Annie
Laurie, which is being operated by the
Boston & Gold Mountain Mining COM
pany. q body of pale blue quartz has
been encountered. From this a great
deal of free gold can be shown in ordi-
nary paintings It is believed the tun-
mel is approaching a juncture Of veins
which win open up a body OF the regu-
lar Annie Laurie ore. There is a big
volume of water running from the tun-
mel enough, ii is said. 20 operate a
mill
No property on Gold Mountain with
out ore bodies exposed. gives greater
expectation and hope Of a mine than
the Annie Laurie Extension ground.
It's location TO the south of the Annie
Laurie and 90 the line OF some Of the
best veins discovered on the mountain
is most favorable. So confident are
the directors of the company that the
end viii justify the means that they
are now contemplating putting i'm pow
er drills. and President L. II. OutZen
win so east In a few days to sell a
block OF stock, and with the proceeds
purchase the needed machinery. The
tunnel so far has been driven through
a hard surface formation. but the rock
is beginning to soften, and il is be-
lieVed the face is now entering the
deCOmpOsed rock surrounding the por-
phyry which inCases the veins of the
mountain. IL is not expected to strike
ore right away. bat when 1t is Ieached
it Is confidently believed that lt VIII
prove fully up to all expectations.
A report was sent in from the Fran
cisco. in Beaver county. this week that
the vein iu that property had assumed
a wedge shape and had increased from
three 20 four and a half feet. The shaft
follows the footwall almost vertically.
but the other wall is dipping away
from the line Of the shaft The ore
now being taken out is the best yet
found. The shaft is only twenty-eight
feet deep so there is no doubt the
increase in vein matter viii continue.
Several stringers Of very rich ore have
cut through the vein
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05
cRoss-CUTTING FOR THE VEINS.
Telling Work Now Under Way at
New York Tonopah.

Telling Work Now Under Way at
New York-Tonopah.
Underground conditions at the New
-Tonopah company's property, in
the great Nevada camp are thus de-
scribed by the BOnanZa's representative
after a personal inspection Just made.
inspection Of the big New York
TonOpah mine and its operation en-
ables the Bonanza 20 speak with
greater accuracy as TO the work go
ing on and the decidedly encouraging
features disclosed Ia the deepest open
ing The soudly timbered working
shaft 5X9 feet In the clear, is now be-
low the 625-foOt point and sinking viii
continue right along, the works being
FULLY equal 20 the task Of reaching
j. 200 feet depth. At 605 feet a two-inch
width seam of quartz came in. which
has proved continuous for twenty feet
downward. and Widens to one foot at
the bottom.
"The ledge has a slight dip TO the
south, just the same as the rich Lodges
which trend 10 the New YOrk-TOnopah
ground. from which we opine that it
BIS a feeder, and that the main ore
bodies viii be encountered in the
south drift as it shall near the base Of
Mt Butler and the southern side OF
the ore-bearing channel. The man
agement, however. are wisely eX-
tending drifts both north and south
from the 625 level which are now out
fifteen feet from the shaft"
In concluding his story the Bonanza
writer says that in both drifts highly
mineraliZed stringers Of quartz inter-
lace the face. and the conclusion is
drawn that a veritable bonanza may
be encountered at any time.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05
ORES AND METALS.
Weeks Output as Reported From Va
riOus Sources.

Weeks Output as Reported From Va
rious Sources.
The ore and bullion settlements in the
oren market during lu- past week. as
reported by Mccormick d. Co.. amounted
60 only $26JO50. the llghtest they have
been for a similar length of time for
many months. The falling off is at
uibuted entirely 10 the Wretched cOudi-
ton of the roads from q great many of
the mines 90 the railroad shipping
points. Yesterdays settlements amount
ed 90 S55.7C0. as follows. Silver. lead.
GOLD and copper ores, SOS, 900; base bull
hoE Sl9830; gold bars $500.
The big copper producing plants in
the valley. other than the American
c0mpanys custom plant sent 90 the
eastern rehneries eleven carloads Of
bullion, containing 66l 463 pounds. OF
this total the Highland Boy Is credited
with 1922 pounds the United States
smelter lSI263 pounds. and the Bling
ham Consolidated. 17794S pounds.
Reports OF operations at an the plants
IS of most assuring nature and the
same is true of the mines from which
they derive their ores.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05
Bank Statement


New York April f-Tnc statement or
averages of the clearing house banks ol
this city Tor thc week shows
Loans, ef5,ol4,s lt, decrease. fol1fayL
Deposits SSSS. 62.a9, decrease. a5.43l,.l3
Circulation, Sl2.H.llui5 increase, f.i-
Legal tenders <5j.ll3.-3i decrease. A-.t.-
specie. u5Sla2l]: decrease. y5.G55n.
Reserve S-lt-l.ia1. decrease s5.5Zi.508
Reserve required >l5a.ll5i decrease
Surplus. s2IoSz5. decrease. sll5006
EX. United States deposits, $l2,us35i5;
decrease Si,2sSO-5.
The Finaucler this week SAYS: The or
fiCill statement of the New York assoc
ciated banks last week showed, as lAe
most striking feature, decrease OF
&.524o00 I'm cash, though the estimates
based on the tracea1le movements OF
money of the week indicated loss OF
only 81 296510. The loans were reduced
$6l4a00. "a smaller contraction than Tor
any week since the movement began after
the maximum of the year ana on record
had been reached oH Feb. ~. The re-
ducti0u this week it NAV be noted makes
the total contraction since the above date
SIG 2z3 500. Deposits decreased f5,4stt4ufi
on Sfil 200 less than the amount called Tor
by the loss of cash and The reduction ul
loans. the decrease in deposits last week
makes "a total of $,4.4al,e9 since Feb ~
Tile reserve requlleLAells against u,-
posiIs were lossened Sl.ii4,425 which sum.
deducted from tlc loss OF cash. leaves
SLl53.U1 as the reduction Boo surplus re-
serve. making this item SZl5Jb-1. Com
putc0 upon the basis of deposits less
those of S95g1I0J public funds. The sur
plus reserve is Sl1003l5. one notable
feature of the statement is the large esq
cess of Sl5.2Z 500 loans over deposits, "a
greater sum by Sis>i 800 than was shown
iu the previous week. THE return Wda
doubtless made on rising averages Tor
cash. there having been important pay
ments TO the banks by the su0treasury az
the close of the week and return move
meut of money from the interior. The
statement was chiefly disappointing I'm
that it showed SD slight "a decrease ln
loans. for &c was confidently expected
that because of the heavy liquidation Ola
the stock exchange during the Week THIS
item would show an important contrac-
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05
STOCKTON sMELTER scHEME.I
Enterprise Is Again Receiving seri-
Gus Attention.

The scheme Of erecting "a great smelt-
Ing plant over on the TOOele side OF
the range, I'm which are located the
camps OF Tlntic, Bingham, stockton,
Ophir. Dry Canyon. ETC.. is again re-
ceiving attention and the assurance
comes from a pretty good source that
the enterprise win be launched before
the summer is far advanced.
Every day that rolls by makes the
necessity OF the undertaking more APP
parent, and number of the big mine
owners iu more than one OF the camps
mentioned are now giving the question
serious consideration. IL is a little too
early 90 mention names but after the
preliminaries have been arranged
there is reason TO believe that the en-
terprise viii be- given an the publicity
necessary 10 greatly stimulate opera
tiOns in the districts that VIII there
find market for their outputs
With the completion Of the Leaning
ton cutoff the Dugway and Fish
Springs districts VIII also. become nat
ural feeders for the stockton valley
plant and the promoters of the enter
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05
BANKS AND INDUsTRIALs.
Yesterdays Sales.

Consolidated Mercur. 5OOQS1.5O; S36$1. 49,.
Total 5s3 shares.
Daly-JudEe. 75G3l0.0o seller 5.
Daly-West. lZ0Si3.09.
Lower Mammoth l00Q46c; l0oQ45itc. To-
tai, 900 shares.
MAY Day 5O00Z0c.
Star Consolidated 2000l2c
Ia RENE. 1.o0o05C.
New York l0o4257sc; 5O0a25Ac; 1900
23sc. seller 90.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05
Monev. Silver and Finance.

New York. April 4-Prlme mercantile
PAPER. 5iz06 per cent. 1000. -
Sterline exchange steady at &.o60 Tor
demand and at $8S8.75G4S3.So for sixty
days.
Commercial bills, s4S3dASSik.
Bar silver 49c.
Mexican dollars, 5SiAc.
Bonds, governments steady; railroads
irregular
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05

prise are fully awake 70 that fact also
The proposition Is not being figured on
hy talent incapable of carrying ii out.
on the contrary, the men behind It are
personally able 10 provide every dollar
necessary, and FOR that reason there
seems 10 be no doubt that IL viii be
carried through.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05
San Francisco mining Stocks.
BINGHAM MINING NOTES.
Breezy Tid-bits Concerning Opera
tions in the Camp.

At the Sampson. operations are stiI sus-
pended. pending the deal that has been on
Tor some time
AN teams are busy with uD freight
Nearly an return empty and viii until
the npper roads are SAFE
The shawmut group Of eight claims and
mill site are 10 be sold next Thursday
90 satisfy claims against the company.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05
SHELTER PLANS ABOUT READY.
Engineer Callow Reports Rapid
Roadway on Yampa Job.

AT the offices Of Engineer Cal0w. I'm
the D0oly block, a corps of draughts-
men Is hurrying 90 completion the
plans and specifications for the new
smelter that is TO be erected at the
lampa copper property. in Bingham.
This work Is now $50 wen along that
when AIR. Nell arrives, a few days
hence. everything VIII De about On read
lness for the placing of orders for MAJ
terlaL While mo- definite word has come
from Constructing Engineer Neiu dur
ing the past few days. it ls understood
that AN arrangements for construction
% begin as soon as the ground is free
OF snow and frost have been completed.
IN the meantime superintendent
Craig is crOWding the work Of connect
ing the lower and upper workings Of
the mine. and en- less than sixty DAYS
that win have been finished Then the
mine win De ready to respond with as
much ore as the smelter can handle no
matter what tonnage is decided upon.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-05

Silver, Ace per ounce
Copper, 1850 per pound; New York,
S1450 per 100 ODuudS.
Lead, $3.50 per 100 pounds; New York.