davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
GRAIN AND PROVISIONS

Chicago, Aug. 22-Dullness .pervaded
the grain pits today and on continued
favorable weather wheat ruled weak,
September closing 5s6%4c lower Sep
TENDER corn was off 4, oats were down
9sG12, but provisions were unchanged
to sc higher.
Trading in wheat was of a very tame
character and prices were cousidera bIy
unsettled. The opening was easier un-
der the influence of excellent weather
IN the northwest. September being 5kc
lower at S02sc. There was a fair de-
mand the first hour on fears OF rain in
the spring wheat belt. and the market
turned quite firm. September advancing
to S0&c. but the general trend of crop
news was OF a bearish nature. and free
liquidation soon caused a decline Lib
eral ClearanceS and receipts of new
wheat at Minneapolis were depressing
influences the latter part Of the ses-
sion. The close was near the bottom
price of the day. September being
5sG&c lower at 1874 G797sc. after selling
down to 79Ac. December closed at sic,
a loss of &c. CIearances Of wheat and
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
ACTIVITY AT BINGHAM.
Silver Shield Shipping Again-worl5
at Utah Copper Co.'s Plant.
bingham Bulletin.


Another lot Of silver-lead ore reached
the market from the United Bingham
early in the week
Mayne's teams finished hauling five
caroals Of Butler-Liberal ore to the
depot Wednesday.
Bingham c. & l. teams are now deliv-
erinE Yampa ore at the cars for the
Bingham smelter at the rate Of sixty tons
day.
Another two-car lot OF Columbia con-
centrates from the Rogers mill viii be at
the depot tonight
Difficulty in securing graders is Sc
riously interfering with work on the Con-
per Belt extensions. though dirt is NOV
ing AT number Of points along the line.
After two years suspension Of shipments
the Silver Shield is hitting the market
again. II should be in plenty Of ore this
tall-the long tunnel having reached the
junction Of the cross fissure and bedded
veins.
George w. Keel. former manager Of the
Butterfield mines. is now superintendent
Tor the Little Bell and LYckv Bill mining
companies at Park City, having assumed
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
The Bank Statement

New York. Aug. 22.-The statement OF
the averages Of the clearing house banks
of thsi city for the week shows:
Loans, S917.944. 900; increase, 50. $4,000
Deposits, 1913, ~. 900. Increase, SO 4i6, 700.
Circulation, S43-96S. 900; increase S37.7C0-
Legal tenders $l5,52i,6O0; decrease, ST.
Specie. S174I79 200: increase. -S3.54S.soO.
Reserve, $2f9, SOB 500; increase 81. 1O6. 400.
Reserve required. $22S, 1880; increase.
Surplus. S21O5S.3oO; decrease. S5O5.275.
EN United States deposits, S3O.316,OJ0:
decrease, 1886. 400.
The Financier this week saws: The
most striking feature Of the New York
associated banks last week was the in
crease of $9.599,300 in loans. This was eX-
pected because Of the character of the
business on the stock exchange early in
the week. when there was large buying
OF securities for investment and specula-
tive accounts, calling for increased ac-
cOmmodatiOn from the banks This buy
ing Of stocks and other securities in the
previous week was also large, but II was
not then reflected I'm the loan item. as
was expected. for loans showed an i'm
portant decrease. It seems probable that
as loans must have been largely increased
In the latter part Of that week, through
stock operations. the loan item was then
made up on rising averages which We're
reflected in this item last week. The
loans were also influenced by the imDOr-
tant increase of $5,069.S00 by the Western
National Bank Of the United States
which increase was probably due to Oper-
atlOnS incident To the intended merger.
The net cash gain by the banks as re-
ported by last weeks statement was 50
lO6. 900. while the estimates based upon
the traCeable movements of money dur
ing the week. indicated a gain of s. 506.-
500. This is not only an unexplainable
discrepancy of 400 shown by these
figures. but also the Important uuaC-
counted for difference Of So zoo. 800 between
the official and the estimated figures OF
the previous week. which difference was
not corrected in last weeks statement
The deposits increased S1O.446 700. which
amount is less by 1880 than that called
for by the sum Of increase in loans and
the net gain in cash. hence the statement
does not balance. The required reserve
was augmented 81, 611.G75 through the in
crease in deposits: deductinE these from
the net gain in cash leaves S505.275 as the
decrease in surplus reserve to 81 .O5S. 300
Computed upon the basis Of deposits. less
those of S3L271 900 Of public funds. the
surplus is $30.316.050. The loans are SLIPS
900 in excess Of deposits. against S5010.300
in the previous week The daily average
Of bank Clearings was 1854 000. 000 against
$780, 900. 600 in the week ending Aug. II. re-
fleeing the decreased volume of business
on the stock exchange. The changes in
loans show that five Of the larger banks
increased this item bv SISOO0. 900 net. Sew
en- banks gained $.2000OO net Of cash.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
INTEREST IN CARIsA STRIKE.
1t Shows That Faith in Tintic Has
Not Been Lost by ANY Means.

At o'clock yesterday afternoon IS
cents share was being bid for Carisa
stock, but little if any was to be had
at that figure. Manager Joseph failed
10 get away for the mine in the morn
ing, but he took the night trains for
camp. No additional information con-
corning the big strike was released
during the day by officials Of the COM
pany, but from outside sources it was
learned that every hours work in the
mine was adding to the showing.
1t was told on the curb that some of
the brokers We're away short Of the
stock and their endeaVOrs to cover was
given as the cause for the advance in
the bid price of the stock Quite a
number Of shareholders expressed their
intention during the day of visiting
the property this morning and the
showing underground being all that
has been reported. there is apt to be
a very strong advance in the market
price of the stock tomorrow.
One thing in connection with the
strike which is worthy of mention is
the fact that it has demonstrated that
faith is not lost in Tintic mines. Deep
operations in the Carisa have been
wa1ched with the closest attention for
many months past and now that an
ore body of magnitude has been tapped
on the Sioux tunnel level, il is believed
the company viii make good money,
particularly as mining can be done for
about One-ha'e what it previously cost.
Last evening Manager Joseph re-
Ceived word from the Carisa that an
other strike had been made in the
winze below the 100 level. There is
four feet or ore. better stuff than has
ever been found in the mine.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
SILVER BELL
MAKING A MINE
Fine Ore Chute Now Being
Erected On Lowest Level.
CARISA STRIKE ALL The TALK
EAGLE & BLUE BELL DEVELOP
ING SPLENDIDLY.

News from Park City yesterday aft
ernoon indicates that another shipper
Will be added to the camps list during
the next few weeks. Twenty inches of
fine carbonate ore, carrying values in
silver, lead. copper and gold have
been opened in the drift through the
fssure in the Silver Bell cOmpany's
property. adjoining the Comstock on
the north. and every fOOtS advance
shows an Improvement both in the size
OF the pay streak and the metallic con-
tents of the rock. In addition, pipe
of ore two by four feet in size. carry
ing galena and carbonates. has been
followed down in a Wine from a point
in the tunnel through which the assure
was tapped from the California and
ComstOck side. Both bodies of ore are
making stronger in the direction of the
chute. which is believed to have gone
down from the old shaft workings
above, and TO reach which the drift in
the fissure has yet to be run a distance
Of 125 feet.
The fact that ore istnow coming in
indicates that the chute developed 600
feet nearer the surface will be at least
125 feet through, while it may prove
much longer. SO well does the outlook
appear that Manager Sonnedecker gave
instructions TO superintendent Rabbe
yesterday TO increase the force at once
and crowd the work
For the benefit of those not familiar
with what the Silver Bell has been
doing in the way of development. the
explanation is offered that a tunnel was
run quite a distance several years ago
to cut the vein at a modest depth be-
meath the surface. At a likely spot a
shaft was sung from the tunnel level
and some good ore was encountered in
p assure that bore all the earmarks Of
permanency. Finally arrangements
were made with the California and
Comstock companies TO extend the for
mer's tunnel across the latter's claims
into Silver Bell ground for the pur-
pose of tapping the vein opened in the
old workings at depth. That was ac-
cOmplished last winter and since that
time the prospecting of the assure and
feeder or pipe running from il has
been in progress. Results are now he
ing attained and another mine for the
camp is coming into full bloom.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
MAYFLowER OF PINE CANYON.
Bingham Company That Would Like
to Interest Capital.

Secretary William NJ. Brown of the
Mayflower company. which Is operGt-
ing a promising group OF claims in
Pine canyon, West Mountain district.
announces that the assessment work on
the claims for the present year has
been finished at a cost of $1,000 to the
shareholders. The property is very
ehgibly located in a portion of the
Bingham camp which has been at
tracing considerable attention of late
and, with capital to properly open it
up, il should turn out well.
For the past five or six years the
management has baen developing a
blind lead" with Indifferent success.
This year it was decided to go back
and tackle point near the entrance to
the tunnel that gave promise of MAX
ing ore. At this point they have struck
feeder or stringer from some of the
veins running through that section of
the district and when work was sus-
pended for lack of means with which
to continue they had five inches of nice
orc in the face of the drift.
The property lies directly west Of
some Of the big bOnanzas of the camp
and capital looking for a spot upon
which to gain a fOOthold in that boom
ing district might do great deal
worse than make a deal with the own
ers of the MayfioWer.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23

-four we're equal to 25S. 800 bushels.
Primary receipts were SlS.900 bushels,
against S24S0O bushels a year ago
Minneap polls and Duluth reported re-
ceipts OF 225 cars, which, with local re-
ceipts Of eighty-fve cars. sixteen con-
tract. made total receipts for the three
points of 80 cars. against 1874 cars last
week and 400 a year ago.
Corn showed slight Improvement on
the early transactions. but trade was
dull, with the bull leaders making no
and consequently prices soon turned
weak. After selling between 5124 and
.. september closed at 519sc. a loss or
&c December was off SOL. closing
at olSsc. Local receipts were 278 cars,
thirty contract
Oats were chiefly affected by the lib
eral selling on the part of a prominent
interest. September closed 2sG1s lower
at S4l2034Ssc, after ranging between
34lz@S49sc and Csc. December was off
12c. closing at S6iz. Local receipts
were Do cars.
Provisions ruled firm early I'm the day
on smaller run of hogs and better
prices at the yards. and with a good
and ribs. together with covering bv
shorts, a firm undertone prevailed
throughout the entire session, although
prOfit-t2king resulted in a loss Of most
Of the early gain. September pork
closed unchanged at 12.S71R. September
lard was up SC at S.25 and ribs were
also sc higher at 7.77IR
Estimated receipts for tomorrow
Wheat. 100 cars; corn. 80 cars; oats.
235 cars; hogs. $1,000 head.
The leading futures ranged as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
ATLAS GROWING IMPORTANCE.
Continental-AIta Taking Out Good
Ore-Transportation Problem.


ore that viii net better than $40 per
ton is now coming from the face of the
CONFERENCE.-The cOmpanys POcahOn-
tas tunnel and Manager Henry NJ.
CrOwther stated yesterday that opera
tiOus are going forward in ore at no
less than seven different places in the
Cumpany's property. The Continental
Alta holdings in the famous old camp
consist largely Of the original Grizzly
and Lavinia groups, which in the past
have produced I'm the neighborhood Of
$500 600. and that without taking into
account the enormous tonnage Of ore
that still remains in the workings and
which needs little else than screening
10 make of it a very fair marketable
product
At the present time. Mr.. Crowther
says. no ore is being moved other than
what is absolutely necessary to carry
out the system Of development which
has been inaugurated. Some ore will
be marketed before the SHOWS Of win
ter close the roads, and by next spring
he intends 10 have the mines in shape
20 send out a tonnage that viii run
into money rapidly.
The operators Of the camp are al
ready beginning to figure on some sys-
tenn OF transportation that will be
quicker and more economical than the
out-of-date teaming method and IL is
very probable that by the time spring
rolls around again the problem will
have been solved. The old tram road
has gone to decay and whether it will
be reconstructed and equipped as an
electric road or whether a system OF
aerial tramways will supersede IL. are
among the questions now receiving at
tention.
Power is the first thing TO take into
consideration and il is thought that
some Of the combinations which are
at present filing on the waters Of the
various streams heading into the Little
Cottonwood canyon win be prepared
during the next twelve months to fur
nish all the energy necessary to not
only operate transportation lines btt
10 supply all the mines and mills that
are I'm contemplation. as well. The
heavy SHOWS Of winter. 1t is argued. al
most preclude the thought Of operat-
ing traction tramway to the camp
during several months of the year. and
while IT would be the proper and hest
means OF transportation during the
open season, the mlne-owners are not
going to be content TO go through the
winter without sending at least a fair
proportion OF their product to the val
ley smelters. Engineers who have
been giving the matter some attention
during the past month are of the opin-
3on that aerial tram lines could he
successfully operated between Alta and
NVasatch. at the mouth Of the canvon
and that the tram road from there TO
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23

charge last Monday. His many friends
wish him success in the new field.
Grading is rapidly going forward at
the Titan Copper companys concentration
site. and next week "A good start will have
been made on foundation work. Thus far
everything has moved without a hitch.
though extra work was neceSsitated in
strengthening the county road and turn
ing the creek.
Spencer ClawsOn, George w Ritter ana
a. p. Barnes of the city were yesterday
viewing the Aztec lode i'm BUJterfield can
yon. and in which they are Interested
Mac McFarlane has Just finished a
fifty-foot tunnel contract on the claim
and some nice streaks Of ore are showing
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
WEEKS ORE AND BULLION.
Increase in Output Over Previous
Week Is Noted.

Ore and bullion settlements in the
local market during the past week, as
reported by Mccormick & Co. amount
ed to 1897 400. an increase of S26 100 over
the week previous. The settlements
yesterday amounted TO $41 500, divided
as follows; Silver, lead, gold and cop
per ores. S21,SO0; base bullion, S19.SO0.
The usual output Of copper bullion,
carrying precious metals as well, was
forwarded to the eastern refineries by
the Independent companies, as follows:
Bingham Consolidated 100 500 pounds
United States, $50, 42S; Utah Consoli-
dated, PAP, 100. These shipments, in
Guiding the usual 100000 pounds of cop
per bullion turned out by the Ameri-
can companys plant sends the total
for the week up to 9O3. I2S pounds.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
San Franeisco MINING stoeks.
Phoenix Annual nTeeting.

At the annual meeting of the Phoenix
silver Mining company. held Friday after
noon OFFICERS and directors for the en-
suing year were elected as follows: Fred
1. McGurrin, president; +. Rehrman vice
president; A. Mcclellan. jr.. secretary and
treasurer; the remaining directors being
A: y, Cherry, William NJ. Butler. G. b.
den and p A Heringer. The officers
VIII make trip to the company's prop
erty tomorrow and complete arrange
ments for an active campaign of develop
ment during the fall and winter months
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
Yesterdays Sales.

Ajax. 200d1715c.
Carisa, 1.5O0d12c: 5.5O0d13c: 7.5OO01S15c;
1,50O6133tc: 55OOdt4c. Total. q. 800 shares.
Consolidated Mercur. 2000 81. 20; 1000
81 4S1z. Total 20O shares.
DAILY West, 25d$39S5; 25dS39.75. Total so
shares.
Lower Mammoth. 100d6qiAc.
Nav Day. 1OOOd11Isc; 2.5OOd11c- Total
3 800 shares.
PetrO. 5O06flc.
Sacramento. 5e0G25iIc
Star Consolidated. 50Od14i5c
California. 2.2OOd13c: 1.OoOd12kc, seller
80. Total, 500 shares
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
Open Board.

800 Carisa at l314c. seller 60.
1000 Carisa at 13iRc.
800 Carisa at 1880
$500 Carisa at 1324c.
$500 Carisa at l37sc
LOO Carisa at lie
. Daly-West at $40.
800 Star Consolidated at 15c.
800 Star Consolidated at 16c.
500 California at 12Ac.
500 Wabash at 14ikc.
900 California at 12Iac.
800 California at 12c
Total open board. 1885 shares.
Shares sold. $3.50
Selling value. S9.3Z7.JO.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
Mining CIaims Sold.

Provo, Aug. "a mining deed from
George {. HarlSins to Mary ]. Stewart.
both of salt Lake. for the following min
ing property in Silver Lake mining dis
trict, has been filed with the countW re-
c0rder; a one-tenth interest in the Erma.
Erma J. $. Erma J. S. Nos. and ,, Fitz
ana tltz NOS i and ,. Jim. Pine Grove
an North Extension of Lone Pine: and
Ine-siXth interest in a bond and lease
on the Mccall and the Lone Pine mining
GAINS. Ihe Consideration is 1000
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23

of scattered failures of some small
banks through the country which pro-
duced an unpleasant impression.
Prices of bonds rose but slightly in
sympathy with a recovery in stocks and
have been cOrrespOndingly little affect
ed by the reaction in stocks.
Quotations on call for United States
bonds have been unchanged.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
Sheep-Receipts. none; unchanged.
Money, Silver and Finance

New York. Aug. 22.-Close: Money on
call nominal. Time money steady: sixty
days, per cent; ninety days, 565Ib per
cent; six months, 55zd6 per cent. Prime
mercantile paper, 6d6I5 per cent Ster-
ling exchange firm. with actual business
In bankers bills at AS5S7564. S6125 for de-
mand and 4S325d4.S375 for sixty days
Posted rates, 4S4d4S6l2. Commercial
bills. 4SSd4 S31s
Bar silver. 55ikc =
Mexican dollars. 43i1c
heavy
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
Metal Market

New York. Aug. 22-The volume of
transactions in metals TODAY as a whole
was small and the markets showed no
new features of Importance Prices in All
cases held steady at yesterdays last bis
Copper-lake, 13. 62I5G13. 10: eIectrolytic.
j.. Scala. 62la: casting 10 s7tLd1S so.
Iin-Ftrm; spot. 2S-371z02s. 62lL.
Lead-Steady; SPOT. 4e5
Speiter-Firm. 500
Iron-Unchanged. quiet and nominal.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
Butter and Eggs.

New York. Aug. 22.-Butter-Receipts
$500 packages. Market easier. State
dairy, Has; creamery. 15d20
Eggs-Receipts. 400 packages. Market
iirm' western seconds to extras, 16d2O.
Chicago, Aug. 22.-On the produce ex-
Change today the butter market was
firm; creameries. 14d19 dairies. 13d17.
Eggs-Steady: at mark cases included.
14Ni5ik
Cheese-Steady 1O05111L
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
MINES and MINING STOCKS=FINANCAL and COMMERCIAL

Sandy could be kept open at all sea-
sons without trouble.
1t need surprise no one, therefore. to
hear during the next month or so that
"A transportation company has been
formed with the purpose of serving the
camp in the capacity of a general car
rier
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
UTAH STOCKS IN BOSTON.
Interest in the Yacht Race Hurt
Business and Prices.
lspeelaI ID Ii HeraIdl

Boston. Aug. 22.-There was a slight
reaction, coupled with considerable in
action in tOdays copper market Bust
hess was dull, as interest conferred in the
yacht race. Quotations fell off all around.
IL Is stated here that Consolidated Mer-
cur Will resume dividend paying next
month.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
Metal Market.

Silver. 55Jsc per ounce.
Copper, 12lsc per pound: New York.
Sl3. 621zGSl3-75 per 100 pounds.
Lead. $50 per 100 pounds; New York.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
Treasurv Statement-

Washington. Aug. 22.-Today's statement
Of the treasury balances in the general
fund, exclusive of the Sl5OO00.O00 gold re
serve in the division of redemption
shows; Available cash balance, sos, 202. =
903; gold. S1O1, I5O. 226.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
LIVESTOCK MARKETS

Chicago. Aug. 22-Cattle-Receipts. 400:
unchanged. Good to prime steers. 5.15d
o.60; poor to medium, 3.75G5.00; stockers
and feeders 2-50Q420; cows. 1.50d450: heif-
ers. 2O0u4.S5; Gamers. 1902. 50; bulls,
2.00q420; calves, 3.O0G6.75; Texas steers,
S.0Gd45O; western steers. 3-0Od44O
Hogs-Receipts today, 7.000: tomorrow,
$4,000. Mostly l0c higher. Mixed and
butchers, 5.15d5.S5; good to choice heavy,
5.4Od5.65; rough heavy. 4.90d5.30; light $50
@6;l0; bulk of sales, 520d5.65.
Sheep-Receipts, 1000. Sheep and lambs
fair TO choice mixed, 225d30O; western
sheep 2.S093.50; native lambs. 3.2jG5 90;
western lambs, 40OG5.25.
Kansas City, Aug. 22.-Cattle-Receipts,
100; unchanged
Receipts, 1000. Market strong to
sc higher. Bulk of sales. 5.5Od5.75 heavy,
POI 80; light, 5.67lzq5.95; workers., pigs,
Sheep-Receipts. none: unchanged.
South Omaha, Aug. 22.-Cattle-Receipts.
100; unchanged. Native steers 3T5d4 50.
cows and heifers. 250G4.OO: Texas cows
and heifers. 3.O0d4271a: calves. 2.5O6I5 %:
bulls, stays, etc, 2.O064.O0.
Hogs-Receipts, 400; sc higher. Light.
5.40Q550: bulk of sales. 5.20d54O
Sheep-Receipts. 100: unchanged. Weth-
ers, 3O0a32O; lambs, 4O0d5.S5
Denver Aug. 22.-Cattle-Receipts. 25:
dull, steady. Beef steers. 275G475: cows.
2-50@35O; stockers and feeders. freight
paid TO river, 3.OOG3.75; bulls, stays, etc,
Hogs-Receipts, 200; higher. Light mack
ers. 5.5Od5.55; mixed and heavy, 5.35d5 50.
Sheep-Receipts. 1000: steady. Good fat
muttOnS 3.1004.00: lambs O0T5 on
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23
Your Old Rnr1nn

Needs recoloring. We know how w
Duvall, 124 West ID south. Pi,ore
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23

Harry Joseph goes out to the Alta to-
day.
Samuel Mcintyre, manager of the Nam
moth, has returned from his trip to Hal
leck, New.