davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
MINING STOCK EXCHANGE.
Past Week Has Been a Very Dull One
For the Talent.


For the Talent.
The past week ON the mining exchange
mas been a very duh one. the inactivity
resulting IN the saegine off of prices in
"A number or the faVorite stocks. A few
have managed 90 hold their own and few
er yet nave scored advances. There has
been no suspicion of panic. no forced sell
lne-hotnins, apparently, bat a lull or
CAIN which, 10 the mariner, is always in
dicatlve OF an approaching storm.
Applying the condition to the stock
market nc may DE expected that a burst
on activity VIII soon result and then
prices may be safely counted uDOn to-
TAI OF 2Jl.&5 shares with a selling value
OF slOl+zo-o0 changed hands. yesterday
Contributor % that total being "a, 80
shares, which sold for S2.7l0.&.
For the first time since the calling of
ndustrials and bank stocks commenced
a sale was recorded and the talent IS
banking on this line of business gradu-
ally picking uo. The sale made yester-
day consisted OF fifty shares of Utah
Sugar (Dreferred) at Sl00sik.
AS compared with the opening on Mon
day the mining share list is found 20 be
In the following condition:
Ajax has been unusually quiet an0
closes Be lower at 25isc bid. Carisa has
gone off about the price of the &c assess
ment. while Consolidated Mercur holds
close to 81 66 with the books closed on
lhe Qlflueud TO De paid tomorrow. Cali
fOrnla. with Zoe assessment hanging
over IT,. has fallen from lOiac 70 sac bid.
though sale Of 800 shares was made on
the open board al the finish for 9kc
century has held fairly strong all week,
with sales around the 74c mark little
Creole has been transferred at sec to 61c.
and Ben Butler has been strong az Sc 20
SIC lt has been impossible 10 disl0dge
Eagle a. Blue Bell 40 less than soc and
Galena ha creqt uD from l6iac 20 20c.
Daily. Daly-Judge and Daly-West have
all felt the effects OF the narrow mar
ket. the former having dropped from s.. IS
70 93.Ola. Daly-Judge touched SO. Is Mon
day while Yesterdays closing sale was
made at Sl0.S2lz. Daly-West has been
selling below $50 all week. nearly. but the
close finds the holder unwilling TO part
with it at less than 500
Grand Central. with every prospect Of
the control being delivered 10 the Bling
ham Consolidated on Thursday next at
5000 per share, has gradually advanced
from $3.50 10 S5.6e
Victor and Boss Tweed now that con
solldauon is assured and shipments have
been renewed. have each grown in favor
advance Of nearly &c since Monday
Lower Mammoth has fallen off from
Gle 20 5lc. New York has declined from
around 2lc 10 Z&e and Wabash has
dropped from 43c 10 &c.
Sacramento, Silver Shield. little Chief
and one or two other stocks have record
ed fractional improvements. while the
balance Of the more active list has had
q struggle 10 keep even. The week closed
on the following record of closing, Quota
lions and list OF sales.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
THIRD VEIN TAPPED.
Great Buffalo at Park Valley Has
Inst nTada Connections

Great Buffalo at Park Valley Has
Just Made Connections.
Samuel J. Paul manager Of the
Great Buffalo company's Park Valley
property. has returned from a trip to
camp much pleased with the showing.
AT a depth of 800 feet In the tunnel
the third ledge has Just been tapped,
and while no assays Of the ore have
been made. it so closely resembles the
Century quartz that the foreman Oe .he
latter mine. when shown the rock. de-
clared il came out Of the Century work
.ings.
Just what plan Of development Will
now be followed at the property, Mr.
Paul said he was yet unable TO say.
10 was possible that a station would
be cut at the junction of the tunnel
with the third ledge and that a COM
pressor and Burleigh drill plant would
be Installed. The question viii soon be
decided By the directors of the com
pany. The first vein in the Great Buff
talo was cut as soon as the tunnel was
started, the second was encountered
after running 40 feet. The last one
has not been explored at all, but it has
an the ear-marks of turning out wen.
During his trip to camp Mr.. Paul
also visited the Sunrise and West CEN
tury both of which he says, are look
ing fine. In the former Manager Loeb
WITT has driven into a fine ore body.
and all that IS now necessary to be-
gin the turning out of gold dollars is
to get a mill up and block out the ores
for mining.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
WILL MINE IN BEAVER.
New Company Takes Hold Of Prop
ertR Near the .. x.

New Company Takes Hold Of Prop
erty Near the o. K
The Milford Copper Mining & Smelt-
ing company. with a capital OF $500. 600.
represented by as many shares. filed
articles of Incorporation yesterday.
George III. Deru is president Of the COM
pany. Frank y. Taylor. vice president;
Charles T.. Hudson. secretary and
treasurer. these. together with Henry
Dinw00dey Ed H. Airs. George Rom
ney and Frank II. Lathrap, constitute
ing the board OF directors.
The company's property consists OF
eleven full-siZed claims or approx
mateiy 225 acres. ln the Beaver Lake
mining district Beaver county. 70 is
in the very heart of the great copper
belt being practically surrounded by
such properties as the o. X. Ben Har-
rison. Copper Ranch. Blue Acre. Beaver
Consolidated and others. TIE ground
was formerly known as the Blue JAY
group and previous 90 last Deem ber
when its systematic development was
begun. Htue work. other than q few
urface openings in the vein. was per-
formed. Az the time mentioned a shaft
was started and it has now attained
depth of over 100 feet
The men behind the enterprise are
among the most substantial I'm Utah's
mining and commercial world and they
have not the least doubt that the plan
of operations being marked out wiu
result in the bringing out OF one Of the
finest copper properties In that region.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
May FLOWER SHOWING.
Nearing Ledge at Depth Of $50 Feet
Lime and Fire Clay.


Lime and Fire Clay
Lehi, March 7.-Messrs. John Camp
bell and Clint Brown Of Salt Lake City
and Edward Karen and C.. W. Earl Of
Lehl, directors of the May Flower Min
ing company. visited that property in
the West canyon yesterday and award
ed another contract TO John Campbell
Of American Fork 10 run the drift
fifty feet further. The drift is now
ln $50 feet from the bottom of the
incline shaft and as survey shows
tnat the big vein should be euc0un-
tered al $50 feet the stockholders are
now on the eXpectant seat. Develop
ment work on the surface shows a
vein Of low grade silver-lead ore twelve
Feet wide going down between a pOr-
phyry dyke and a wall of white lime.
The drift viii cut this contact at a
depth of about $50 feet, where the
vein is expected TO have greatly inn
proved
Messrs. Kendall and Hudson viii in
corporate their limestone properties
located at the Twelve Mile pass i'm
Rush valley several Salt Lake capt.
talists becoming interested. The road
from the quarry 10 the Oregon Short
Line railway switch win be put I'm con-
dition and sufficient teams viii be put
on 90 ship from 500 to 500 tons per day.
This deposit is the purest lime rock in
the state. but the great drawback TO
shipping has been the almost impass-
able roads.
Messrs. Leon Beck and sons are ship
ping about forty tons of fire clay per
week from the Bell Springs deposit,
west OF Lehi. This clay is shipped 20
Salt Lake city, where q is made up
into sewer and drain pipe and fire
brick. Preparations are being made to
greatly increase the output, as the de-
mand is increasing and the supply is
almost ineXhaustlble.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08

drawing nearly a million a day from
the money market and with interior
exchanges holding against New York
Il Is not surprising that loan contrac-
ton By the banks has been followed and
that money rates have run up notwith-
standing resort 10 foreign money mar
kets for very large loans No accurate
estimate of this foreign borrowing can
be made, but the break Ia foreign ex-
change and the rise in interest rates at
Paris and Berlin with the necessarily
Tor the Bank of England to retain its
4 per cent minimum discount rate 10
protect the London market. are all un-
mistakable indications that II has been
large.
Bonds have suffered IN common with
stocks in the weeks selling movement.
u s. Is coupon and SIS coupon adj
vanced 4 and the . registered de-
cilned = per cent as compared with
the closing call Of last week.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
cENTURY's BIG CLEAN-UP.
Manager Madsen Returns From Mine
with a $1,000 Brick.

With a $4,000 Brick.
Friday midnight Manager p. w.
AIadsen of the Century returned from
that property. having in his care a
gold brick which mine assays show 10
have a value of a trihe under $4,000.
The melting was done on Tuesday and
al n0 previous time I'm the history of
the company was such a large less
than half-mOnths cleanup made on
the plates. The ore put through all
came from the lower tunnel workings,
where the best average rock the mine
ever produced has been obtained.
A few days have been lost in max
ing incidental repairs 90 the mill and
the management is confident that this
month win eclipse all former records
al the plant. as the ores being en-
cOuntered I'm the new workings are
showing constant and gratifying im-
prOvemeut. Manager Madsen reports
that development work is being kept
well On advance of mining and at the
present time tunnels are reaching out
10 tap new lodges I'm the property
During his visit 90 camp the weather
was something frIghtful, a genuine
blizzard raging for a portion of the
time. Coming out IL was necessary to
leave the main Travelled road and
skirt the ridges where the wind had
partially cleared them of SNOW
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
Moner- ST. - Financs-

New York. March T-Cl0se: Time
money. firm sixty and ninety days, 81
per cent; six months. per cent
Money on CALI firm; closing, offered az
9 per cent.
Prime mercantile paper 545a per cent.
Sterling exchange easy with actual
business In bankers bills at 415.l5 for de-
mand and at 3.504483.625 for sixty days.
Posted rates, ASA and fS1ia04S3
Commercial bills, AS2 HA83il
Bar silver f6sc
Mexican dollars. 2itc
Government bonds. steady railroad
bonds, irregular.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
MAY DAY MILL.
Ready For Business as Soon as Flee
tric Energy Is Secured.

Tue May Day mill at Eureka started
up Friday morning for a trial run with
the new sizers. but was forced TO close
down from lack OF sufficient electric
power 70 run the machinery. The few
Iintic people who have been permitted
10 examine the changes which have
been made under the direction Of q. T.
lngersOl are confident that he VIII sue
coed M perfecting the Wood dry con-
cenTating process
A. j.. Harrell, who owns practically
an the stock ia the Crown Milling COM
pany, controlling the patents, is so con-
ndent of the ultimate perfection of the
plant that he is said 10 be planning to
treat custom ores Arrangements are
now being made for additional power,
ana rs the plants capacity has been
greatly Increased from what it was
originally, it is believed that il viii be
turning out a big tonnage Of concen-
trates in the near future.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
THE BANK STATEMENT.

New York March THE statement
Of averages of the clearing house banks
Of this city for the week shows:
Loans, 1899, 593. 300; decrease. Sl0,563, p
900; deposits, 1895, 639, 200; decrease, SI9,-
$50 200; circulation $42, 919. 500: decrease,
$395.6O0; legal tenders. $66.168 500: de-
crease, $2134, 500; specie. S16S, 658 600: de-
crease, $S,Q41. 500; reserve. 1924, S26, 900;
decrease. $10176.600, reserve required,
S234.l59,925; decrease, $4.S91,675; surplus.
S666.915; decrease. S5.284.925: ex-United
States deposits. $l0,720,125; decrease,
S5.272. $50.
The Financier this week says: The
decrease of $5,2S4, 925 in reserves re-
ported In the bank statement for the
week just closed brings the excess sur
plus down to S666,975, by far the small
est recorded at this season for many
years, and the lowest actual figure.
with two exceptions, noted within
twelve months. The banks lost in cash
$l0176.600. or almost twice the sum
indicated by the known movements for
the week. AS the previous statement
however. failed TO show the total loss
In cash. il is quite likely that the cur
rent exhibit reflects a belated average.
The decrease Of S10,563, 900 in loans re-
veals the liquidation which is being
forced by banks in order to maintain
their position as respects reserves, and
the heavy contraction Of SIS. 500. 200 in
deposits is thus accounted for IN the
changes just noted. The feature Of the
statement is, of course, the loss in
cash. The greater part of the shrink
age is tTaCeable to operations with
the sub-treasury, which gained heavily
on bank operations last week. customs
payment and internal revenue cOllec-
tiOns. The movement Of money to The
interior on balance was incOnsiderable.
With such q statement as the one So
sued Saturday the money market as
sumed a position which may be de-
scribed as delicate. The New York
banks are loaned 20 the limit, and I'm
der the circumstances firm rates must
prevail. IL is also worthy of note that
loans again exceed deposits, a c0ndi-
ton Of affairs that was last previously
reported IN September, when the crop
movement period was at its height.
AS against this. it might be proper to
add that the banking capital and sur
plus of New York City, counting both
banks and trust companies. has been
increased within the last year over
$4,000, 600. Taking everything into con-
sideratiOn the future seems to involve
harder money. COUPLED with a cOnse-
quent increased attraction Of foreign
credit and interior loans 10 this CEN
ter. Both seem certain under existing
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
Metal Market.

New York. March THE various
metals today have shown no great ac-
tivity nor feature, most Of the bust
ness coming from smaller traders who
we're in need Of supplies. Prices were
generally unchanged on a steady to
firm basis.
Copper was finn. standard. $500;
lake and electrolytic, $1362h014.00;
casting, S13.400l3.75.
Tln-Firm; spot quoted s30.25620.75.
Lead-Quiet and unchanged at S412lA:.
spelter, steady S51065.15. Iron prices
remain nominaHy unchanged, with de-
mand quiet.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
UTAH's BIG SHIPMENTS.
Five Carloads Of Ore viii Be Mar
keted During This Month.

Five Carloads Of Ore viii Be Mar
keted During This Month.
Word reached the local offices Of the
Utah company yesterday that the
crank-shafc In the hoisting engine, as
Wen as the cylinder-h head for the air
compressor, both of which were re-
placed during the past few days, had
proven to be all right and work Is again
progressing as usual IN the mine. Three
carloads of high-grade ore are now in
transit between here and Oasis. the
teams are loading the fourth car and
the mine foreman says there is enough
broken at the mine to insure che send
ing out Of the fifth car before The
breakup of the roads takes place.
This information, the officers Of .he
company state, guarantees that the
usual monthly dividend win come on
time and that nothing can now lre-
vent the payments coming regular
every month, Notwithstanding the fact
that there VIII be several weeks that
hauling VIII be impossible between he
mine and oasis. Superintendent Girls
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08

markable effects Of this Treatment is
said to be the instant relief from burn
ing and itching and the almost instant
removal or disappearance Of the PIN
pies and blackheads; and 10 is Stated
positively by those who have used lt
that the cure is permanent-thaf the
pimples are cured TO stay cured--aud
the skin is left as soft and Clear and
smooth and free from any marks OF
traces Of the pimples or blackheads as
could be desired. 1t cures boys and
girls, men and women, whether Dld or
young, quickly, permanently and posi-
lively.
For years skin specialists and doctors
have tried to produce a face lOtiOn or
wash or. skin food or some sort Of
cosmetic OF face lotion that WOULD cover
up or cure the pimples, but an failed
The Cincinnati chemist who has at last
solved the problem states positively
that after many years Of experience I'm
the special study and treatment
of thousands of patients saffering
severely from pimples, blackheads
and achne he has found a SCI
entifc combination treatment thar
removes the pimples and erupuOns. re-
stores the skin soft and smooth and
clean. And he announces through the
public press Of the country that he will
gladly give his method free tc an suf-
ferers who write. The readers of this
paper may address the Dermal Instl-
tute. Isl Wex building, Cincinnati o..
with a certainty that their request VIII
receive prompt attention as be is the
head Of that well known institution and
can be relied upon. The method. while
based ON the sOundest medical priu-
ciples. is so simple that any person can
use II and cure themselves go their own
home.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08

mon says that developments win go
right along and no effort viii be spared
20 get the main shaft down TO the 600
foot level The mine has not been in
as good physical condition for years
and he expects TO see it continue to
grow better and richer with each adj
Qltlonal 100 feet gained En- depth.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
EXAMINING URANIUM DEPOSIT.
Expert Now at Properties in Vicinity
Of Price.
Especial % The IIeTaIdD

loptclal 10 ne Aelalu-l
Price March IA. B. Frenzel who
makes a specially Of rare minerals and
the examination of rare mineral de-
pOsits. is i'm this section from Denver
60 examine some uranium properties
belonging TO Arthur J. Lee and assO-
ci3tes, and also some OZOkerite depos-
its up near Soldier Summit. The gen
ueman represents some English and
French capitalists who are anxious to
become identified in mining PROPOSE
tons i'm eastern Utah. They care moth
ing for gold. silver or copper. but want
those minerals which are classed I'm the
main as belonging to the hydrOcarbon
family
Mr.. FrenZel is TO forward a cabinet TO
Price containing many rare minerals
peculiar 90 Utah, properly labeled and
classified which prospectors may see
and compare their finds with specimens
in the cabinet They will thus be able
TO identify what they have. He has
arranged to make analyses, when the
showing justides the work, free Of all
charges 20 the pFospector.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
STOCK MARKET
DEM0RALIZED
Bank Statement Put a Crimp in
Speculation.
SURPLUS RESERVE WIPED OUT
MONEY SITUATION SHOWS LIT
TIE IMPROVEMENT.

New York, March THE stock
market was thrown into a condition
Of decentralization today By the dis
closure of the fact that che surplus
reserve Of the clearing house banks
was practically wiped out Exclud-
ing government deposits, this item is
now S666,975. compared with S3s58,425
at this time last year and $l0.u7.27
two years ago. The severe loss in
cash reserves was about as much
above the preliminary estimates as
last weeks loss was below IT, thus
disclosing the rectifcation by the
avera--,system Of computation Of
last weeks discrepancy. The 100000
loan contraction fulfilled the eNpecta-
tions that the stock market Equida-
ton of the week and the shifting OF
loans to foreign money markets would
be reflected ina that item. but the loan
contraction must have been near S4O'-
600 900 % keep pace with the rate Of
depletion of cash reserves. No reader
of the bank statement could be LETT ia
doubt that further calling Of loans
would have to be restOrted to by the
banks next week and operators threw
over stocks In all directions TO pre-
mare for this emergency.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
TINTIC ORE SHIPMENTS.
Stormy Weather Made the Weeks
Output Light.

Eureka, March 6.-Shipments for the
past week are light; only ten proper
ties participated, and all the big ones
show a falling off. The Victor sent
out its first consignment since the con-
solidation with the Boss Tweed. three
cars, which represents about the week
ly amount for the present. The com
pany has made no contract yet for its
ores. but is getting a good price for its
output on the open market. The Martha
Washington has two cars loaded on the
Ruby Hollow spur, but the railway
company has been unable to move
them because of the heavy. wet snow
that fell Wednesday. Following are the
shippers and their output
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
ore and Bullion.

during the past week as reported bg Nc
COrnlck a. CO., amounted 90 sac, 500 yes
terday's proportion Of the total being
5000. as follows. silver. lead. gold and
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08

The work up 70 date has been done un-
der the supervision Of Frank II. Lath-
rap, and il Is understood that he viii
serve The new company as manager Of
the property
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
Treasury Statement.

Washington. March 7-TOday's state
ment of the treasury balances i'm the
general fund. exclusive of the Sl50.000-
GOO gold reserve ia the division of re-
dempton, shows: Available cash ball
ance. S222. 619. 794. gold. Sll6.515.0S0
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08
Commercial Stock.
50 Utah Sugar pfd) at SlO.o2l5.
Omen Hoard.

--A 1888
100 Daly-Judgo az Si03Il9.
50 Daly-Judge at Sl032ia.
1909 May Day al t4c.
$500 May Day az 1iikC
10oQ Silver Shield at &c.
800 California at exc.
500 Ia RENE az Sc.
500 Little Chief al Sac.
1000 New York al 22lac.
100 wabash an 7c.
100 Wabash at 3lisc.
loo Thompson 60 zoe.
1900 Monlana-IOnOpah at SEC.
300 MOntana-T0nOpah at Sic.
Total. open board, $3.50 shares.
Shares SOLD. $500
Selling value, S127l0.15.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08

New York, March T-Butter-Re-
ceipts. 3.426 packages. Strong. state
dairy 15G24c. creamery -lc; June
creamery 1b026c.
Eggs Receipts. 1929 packages Firm.
State and Pennsylvania, 1895 western
candled. fancy. 1Slzc
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-03-08

LIVESTOCK MARKETS

Chicago. March Receipts
200 including 100 Texans Nominal.
Good TO prime steers. 615a5.75. poor
20 medium, 3500490; stockers and
feeders z75@500; COWS. L509A60: