davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
BINGHAM MINING NOTES.
Englishmen Inspect Utah-Apex =
Tampa Shelter Additions.
(RiOpbauo RulTatir1

Bingham & New Haven ore is being
shipped at the rate of fifty tons daily.
From Utah Apex teams are deliver
ing about three carloads of ore week
that being the present limit, owing
to the demands on haulers.
At the Utah Copper company's mill
the new tables are being installed, and
when all are started there will be near
ly fifty vanners, forty Wilheys and
four sinners in operation.
Results Of developments at Red Wing
Extension continue of a most gratifying
nature. A great tonnage of good mill
ing ore is on exhibition, and only sink
ing TO water level is needed to insure
the speedy ihstallment Of a concen-
traitor at the mine.
With its two new Wilheys installed
the Ohio mill has eight in operation.
also a Wiley sinner From l10 to 120
tons Of crude are treated daily. This
is not a material increase, but the
product is much more satisfactory. A
better grade of ore is being treated,
compared with that of a few weeks
ago. and there viii be further improve
ments when the lower level is drawn
upon
Manager Orem Of the Utah-Apex. ac-
companied by a party of seven English
capitalists interested in that property
and some Of them understood to be
Highland Boy and Boston Con. stock
holders, visited the mine Tuesday and
took the party through its workings.
They were evidently greatly pleased
with the general showing made.
a new furnace for the Yampa smeIt-
er. from Allis & Chalmers. Chicago. and
of at least $50 tons capacity, is due to
arrive in about three weeks. Other en-
largements, including an additional
Edwards rooster, viii by the 1st of Jan
uary bring the capacity up to 500 tons
daily-the present average b being 2OC
tons. Details Of all present changes
to be made will shortly be fully de-
cided upon at the smelter company
headquarters in New York. where Cap
tain Stern arrived early this week from
his recent trip to Bingham. The smelt.
er Is making a highly successful run.
having slowed down but once I'm a
month. and then for only three or four
hours, and the character of its work
Is reported to be very gratifying.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
H0NERINE WEST
MAKES PAYMENT
Stockton Company Promises to
Set Fast Pace.
ORE AND BULLION MARKET
MAGNETIC SEPARAToRs ARE TO
BE OPERATED HERE.

The Honerine West Mining company,
which is acquiring three groups of
claims at Stockton embracing 224 acres
Of mineral bearing ground. yesterday
made another payment on the Reynolds
group. swelling the total paid TO two
thirds of the purchase price. The Mon
roe group has been fully paid for and
tomorrow another payment will fall
due and be promptly met on the Cop
per Queen group.
a portion of the property viii be de-
velOped by the HOnerine company
drain tunnel and the management is
confident that next year will witness
the beginning OF active mining. The
Reynolds group like the Honerine. was
extensively mined near the surface in
the early days and, with a record of
having produced more than $4,000,
deep workings in the same productive
cross assures is counted upon to dupii-
cate the experiences Of the old Homer
inc.
The Honerine West company was or
ganized only a few months ago and,
while il has been making no noise, the
purchase of the properties mentioned
has been going on all the time, every
payment as il has matured having been
met 3. +. Bauer of the Salt Lake
Hardware company is president of the
company, and it is understood that the
proposition is entirely controlled by
him and other business men of this
city.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
NEW COMPANY FOR UTAH.
Boston Combination Will Introduce
MAGNETIC Ore Separating Machines.

AdViceS from II. +. Quint, who left
here for the east about sixty days ago,
intending to return in September or
October. brings the information that
he viii be out during the next two or
three weeks. At Boston Mr. Qunt has
secured the sole right to handle the
DR. Campbell magnetic ore separating
machines. and has formed a strong
company to operate in the west.
1t is understood 10 be the purpose
Of Mr.. CUNTS company to enter the
Utah field and make a speciality of
treating refractory zinc bearing ores.
Whether this IS to be done through the
sale OF the machines or on royalty
basis and through the lease and pur-
chase Of properties. or all Of them. is
not known. It is believed BY his friends.
however. that It will be the principal
aim OF his company to acquire proper
ties where possible and operate them
as its own.
For more than a year past Mr.. Quint
has been conducting tests with various
kinds of devices for the treatment Of
ores that have usually proven unprofit-
able on account of their refractory ma
ture and the knowledge he has thus
gained viii prove invaluable to him and
his new company. The Campbell ma
chine has been thoroughly tried out by
him and il is stated that he knows pre-
cisely what It viii do on various char
acters Of Utah ore. The advent of the
new company into this field means
that there is going TO be something
doing that viii prove a benefit 20 many
mine owners and the industry in gen
eral
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
GREAT ACTIVITY
IN WALL STREET
Market Shows Striking Evil
dence of Vitality.
LITTLE CHANGE IN PRICES
BUT THE TRANSACTIONS WERE
LARGE IN VOLUME.


New York, Oct. The stock mar
ket gave another striking demonstra-
ton of its absorptive power today. Tie
movement of prices was rather com
monplace, but the volume of the trans
actions and the wide distribution OF
business throughout the market gave
evidence of a vitality greater than at
any time during the week. The ap-
pearance of the unfavorable bank state
ment was the signal for an Outburst
of violent activity and a comprehen-
sive advance in prices. The loss in
cash was not so great as foreskadowed
by the weeks outgo, but the loan eX-
pansion kept up the deposit item and
the reserve requirements so that the
level of the surplus declined some So
659.100. But sterling exchange was weak
again and an inward movement of
gold at an early date seems highly
probable. The growing ease of the
London money market will add 10 this
probability. United States Steel pre-
ferred was again the feature of tie
market, and the placing of bets that
the price would cross that of the sec
ond mortgage bonds was evidently in
tended to convey the impression that
the conversion of preferred stock into
these bonds was in course of resump-
ton. Another jump in Northern Sc
curities on the curb also kept alive the
impression that a settlement of tie
conflict among the leading interests in
that company was in process of adjust
ment. Profit taking was in evidence at
various times, but the demand was suf-
fcient to absorb it readily. Growing
confidence in the general industrial and
business outlook played its part in the
broadening and strengthening market.
Total sales of bonds, par value, ST.
0SO OCO
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
GRAIN AND PROVISIONS.

Chicago, Oct 1--Bullish European crop
advices caused a firm tone in the wheat
market today. At the start sgentiment
was decidedly bearish, the principal de-
pressing influence being a big increase
in northwestern receipts. In addition to
cables furnished a further incentive to
sellers, price in foreign grain market
failing to follow the advance made here
a large increase in stocks at Liverpool
and larger shipments than predicted from
Australia were causes of depressing tend
encieS abroad. The market here opened
with December down Is to g at 1.12A to
LIB and May off Is TO l4Gla at lib 70
lisa, with pit traders unanimously favor
ing the selling side prices soon dropped
about half cent, declining to 1.11%. MAY
SOLO OH 70 Ll2% Buying commission
houses rallied the market slightly and the
trade temporarily settled into ScaiDinC
affair with fluctuations small Later an
other report which originated with a
leading cash grain house on the continent
stated that the Russian wheat crop this
season is AS TO 472 million bushels as
against 6l2 millions last year. the strength
of the Minnesota market was an added
bull factor late in the day. AS the mar
ket started upward local traders who sold
short early. became frightened and
bought back their wheat. Under this buy
ing December advanced to 1.13A and Nav
TO l-12$4. The close was firm with Decem-
Der at LIZA May closed at 1l32s 1.13Iz
Cnfavorable weather conditions were
nam FACTORS IN causing firm tone in the
corn market. Offerings were light in de-
mand. Country offerings were small.
December closed at 5lQ5lis a gain of !.
oats were firm. December closed 4 up
at 305s. = 1f
Provisions were strong on a good de-
mand and smaller offerings Outsiders
ana shorts were active buyers Selling
was scattered At the close .IanuarT
pork was up %. lard was up I5d17Iz, and
RIBS were up 5ft712
| WHEAT-No. p
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
ABOUT STAR CON.
Mine Is Now Paying It's Way and
Conditions Are Improved.

With an average of ninety TO 100 tons
of ore per week being sent to market.
the property of the Star Consolidated
company is now meeting operating eX-
penses, and the management is very
well contented as a result.
1T is possible" said President II. G.
Mcmillan yesterday, that some OF the
shareholders of the company feel that
we are not making as much of a rec
ord as we ought TO. Could they under
stand the difficulties we have had TO
meet; could they have realized the con-
dition Of the mine when we took charge
of it. 1 think they would feel perfectly
satisfied that we had done pretty well.
Everything from the books OF the COM
pany to the condition of the mine was
I'm a most deplorable shape We have
been able TO straighten things out only
just so fast, but can say that we now
have things in fairly good shape and
there is easier sailing ahead
We are now cleaning out the incline
and Wine workings below the 500 foot
level This incline and Wine is down
a distance Of 1S5 feet, and the indica-
tions below for a good ore body are
considered excellent. We shall be push
ing work there in a very few days now
and early results are anticipated. Other
portions Of the mine are looking first
rate. and while there is nothing to
make a splurge over, the fact that we
are marketing ore at sufficient profit 10
keep work going without running into
debt. keeps us breathing easy and pa
tiently awaiting for development to
rlace us on easy street"
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02

IL was steadily advanced to 1885 cents on
Friday. Yesterday the expected reaction
came, and from an opening at II and i4is
cents il was crowded back 10 Us cents.
Later. on the open board Ii stTsng. hened
a little and closed al 1873 cents. That ecen
strike such as has been reported from
this property during the week could re-
suit in the stock responding as Nay Day
has done. has been d matter of comment
IN brokerage circles generally. The mar
ket has been so narrow that IL mas been
the general opinion that a few thousand
of shares would break the market and re-
duce the price Of the stock 10 possibly ,
cents. Considerably more than 100000
shares of the stock have changed hands
during the week. however. and. with the
strike continuing TO improve as it is re-
ported to be doing. the talent is reaching
the conclusion that higher prices yet will
rule.
The small number Of other stocks
traded in during the week have made no
startling changes. Ajax Carisa. Century.
Consolidated Mcrcur. Uncle Sam. Sacra-
mento and Star Consolidated have held
up fairly we'll and IN one or two in
stances gains have been recorded. Park
CITY stocks have shown but little change,
with the exception Of DAILY, which has
been inclined TO weakness.
ButleT-IiberaI. TetrO and Yankee Con-
soldated have had a struggle TO keep M,
hut the close finds them in little better
condition.
4 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, 1904-10-02
MINES and MINING STOCKs=FNANCIAL and COMMERCIAL

for the mine and a mill with which to
treat the Second-class ores of the prop
erty are being figured upon by the
Bingham Copper Boy company, operat-
ing west of the Highland Boy. at Bing-
ham on this subject and regarding
the impressions Of the New England
crowd which visited the mine a few
days ago. the Bingham Bulletin has the
following to say:
Conditions at the mine evidently
made a very favorable impression on
all. and the ride over the divide was
greatly enjoyed To a Bulletin report
e. several of the visitors spoke of the
showing at the mine in glowing terms
While developments have not been
pushed the past summer. large ton
mage OF second grade ore is in sight.
on which sooner or later concentration
viii begin. The company has a con-
centrating plant in view, also a com
pressOr and drills for driving ahead the
main tunnel. 1t is intended to employ
a considerable force on development
work this winter, and the Great Divide.
adjoining property. is also preparing
for q busy winter season. - 81
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
TRAMwAY NEARLY READY.
q. S. Company Lead Mine Will Soon
Be in Position to Ship.

The United States company's new
aerial tramway that is being installed
u handle the ores of its Galena mine
and deliver them at the Old Jordan
headhouse on the main line, is nearing
completion .. +. Allen, general super
intenden. of the company, stated yes
terday that the line would be ready to
go into commission in possibly ten days
This line of tramway will be 1,640 feet
long. Its operation will be practically
automatic. 1t is~a double rope, revers-
ible, self-dumping equipment, and to
operate it one man on a shift will be
all that is required. All of the lead
ores of the company's Galena mine viii
be sent over the line to the Old Jor-
dan connection with the main line to
the loading station at Bingham, so the
cost of. transportation from this prop
erty, like the others of the company,
win be reduced to a minimum.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
LIVESTOCK MARKETS.

Chicago. Oct. l-Cattle-Receipts. 500
Market steady. Good to prime .teers. ;. 50
06.4O; poor TO medium. 3.50d5.25: stockers
heifers. 1.75d4.2O; Gamers. 1882 p: bulls.
2086AO9: calves, 3. 756I766: Texas fed
steers, 300q5.Oo; western steers. 3.OOd4.S0
Hogs-Receipts, zoe. Market cents
higher. Mixed and butchers 560Q610,
good to choice heavy. 5.g0d6 10: rough
heavy, 5.40d575; light, 55OG6O5; bulk of
sales. 5.75G5.9O.
ep-Receipts, 1900 Sheep steady;
lambs slow Good to choice wetners. 3. IS
also; fair to choice mixed. 325Q3 20:
westerns, 3,00d415; native lambs, 4.25d
500; western lambs. 435d5.50
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
May Day Has Been the One Feature
of Weeks Trading.

The week on the mining exchange
closed yesterday with sales agsregating
l52 4e5 shares of stock, the selling value
OF which was s24 415.12 yesterdays single
regular and open board calls bringing out
s. $3.50
Tne only stock to attract more than
passing attention curing the Week has
oeen May Day. On Monday II was SELL
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
TINTIc ORE SHIPMENTS.
Output of Week Was Under the
Average.
Especial to The Herald }

Eureka. Oct. shipments from the
IlDtic district for the week ending
yesterday were not quite up to the
standard, owing to the temporary cur
tailment Of the Centennial Eureka s
output, made necessary by the over
crowding OF bins at the smelter. The
May Day is credited with only one car.
but two more were ready for billing
cut when the report closed. Following
is the list of shippers and the number
of cars sent out by each:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
MAY DAY. CONDITIONS.
Drift in Strike Still in ore-Two Cars
at Sampler.


Manager J. f. Darmer of the May
Day stated yesterday that two more
cars of ore had reached the sampler
that would be on the market tomorrow
or Tuesday. He was advised from the
mine that the drift from the bottom of
the Wine was still being advanced in
ore. the workings looking well. Taken
as ii comes Mr. Dormer says he ex-
poets the ore to net the company from
$500 TO 500 per car during development
work, and better than that when it is
possible to begin stopping and mining
regularly. There is approximately sew
enty tons in the two cars now at the
sampler. and the loading of others will
be commenced at once.
II. w. Horne, the companys survey
or, was at the mine Friday bringing
the working maps up to date, and he
reported upon his return that the mine
looked exceedingly we'll
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
Money, Silver, Etc.

New York. Oct Close:
Money on call nominal. no loans. Time
loans steady; sixty Gays FER cent:
ninety days 81; six months, Sl@d3St per
cent
Prime mercantile paper, 415d5 Per cent.
Sterling exchange weak with actual
business in bankers bills at 4.S540F74 S545
for demand, and at 4SS30f54. $40 for sixty
day bills; posted rates, AS4G4S4L and
4.S612d4.S7; commercial bills, 4s31zqzS3
Bar silver. SIS.
Mexican dollars, 45%
Government bonds easy; railroad bonds
firm.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02

And in accordance with law and an or
der of the board of directors made on
the 18th day of August. 1904 so many
shares of each parcel of such stock as
may be necessary will be sold at the Of
flee of Columbus Consolidated Mining
company rooms 81 and So Commercial
block, salt Lake City. Salt Lake county,
Utah on the 10th day OF October, A. j.
1904 at the hour OF 10 o'clock a. m, to
pay delinquent assessment thereon, to-
gether with the cost of advertising and
expenses Of sale
ARTHUR Z. SNOW.
Secretary Columbus Consolidated Mining
Company.
Location OF office. Rooms 81 and g
Commercial block. Salt Lake City, Utah.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
Union Pacific Railroad Company An
NAL Naafiro

THE ANNUAL MEETING OF THE
stockholders of Union Pacific Railroad
company viii be held at the office of the
company in Salt Lake City. Utah. on
Tuesday October II. 1904. al twelve o'clock
noon. for the election of fifteen directors
OF the company. and for the transaction
of such other business as may legally
come before the meeting.
The books for the transfer OF stock
doth common and preferrcd) viii DO
closed for the purposes Of the meeting at
the close of business on Wednesday. Au-
gust 81 1904 and Will be reOpeaed at ten
O'Clock a. m. on Wednesday, October L.
ALEX M{LLAR, Secretary.
Dated August y. 1894
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02

Tickets Wiz be on sale At Ogden and
sive. Limited to Oct. y. Other Short
Line agents will sell oct to s inclusive
with limit TO Oct. Is. Rates will also ap-
ply from stations on the Union Pacific
sale from those points Oct. 8 to S inclu-
sive with limit of Oct 70
Proportionately low rates from other
stations not mentioned. See agents for
further details.
T. NJ. SCHUMACHER. Traffic Mgr.
D. h. hurley, G. ?. & T. A.
D. S. SPENCER. A. G. p. & I. a
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
Metal Markets

New York. Oct There was the
usual Saturdays duIlness to trade in
metals but demand from smaller con-
sumers was sufficient to hold prices
steady at Fridays level Tin was quoted
at H.Stl202SI5;. "copper" lake. i275G13.00:
electrolytic. 1275d12 sly: casting Il 5O6I
1854. Spelled, 5.1Od5,2O; lead. 4.20d4. so,
iron, quiet and nominally unchanged
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
The Bank Statement.

New York, Oct. 1.-THE statement of
average of the clearing house banks OF
this city shows Loans, $ll4S,033,sO0. in
Deposits. Sine, 7s71OO, decrease s1,2ss,-
Circulation 80, $4,000. decrease. $1,000.
Legal tenders, $SS5I5,600, increase, $9H,
Specie, S2f4.367.109. decrease, s.. 500. 400.
Reserve, $525. ll2. 10, decrease, Sc. s59.10O
Resolve required, $S0S, ,275, decrease,
S5.3S7, COO
Ex-United States deposits. go TX, CPS. de-
crease, S6,sS1. 275.
The Financier SAYS: The Official state
ment of the New York associated banks
last week showed as the chief features.
the expected expansion in loans and a re-
duction somewhat less than that esti-
mated from the traceable movements of
money during the week. The decrease in
surplus reserve carried this item TO within
l0ss millions of the lowest of the year.
which was recorded on Jan. .. and il
made the reduction in surplus since Aug.
2, SSS.699, 600. The loss Of cash in this
interval was &i6,0S6. 700 and the expansion
Of loans was S42.9767g9
The cash decreased last week Sc. Csc 1OG
or Sl,5S9lD less than that which was
estimated The deposits decreased 81. 2S6. =
600, whereas the sum of the loss in cash
less the increase in loans, cabled for a re-
ductlOnf OF y. 10000 In deposits The re-
CURED reserve was diminished by S321 =
DO, deducting which from the decrease in
cash lett, $6.j3l 500. as the reduction in
surplus reserve to $l9.Si3.425 Computed
upon the basis of deposits less those of
$50 400 public funds. the surplus was
S25. 1905. The loans were expanded by
$i,52S,lO0. probably the result of corpora
tlon- borrowing and also the loaning of
FUNDS temporarily deposited with the
banks in anticipation of October disburse-
ments for dividends and interest
The large loss Of capital during the
week was principally due to transfers by
interior public repositories of their eX-
cess collections Of internal revenue IN tbe
New York sub-treasury through their
correspondents in this city: the large ex-
cess IN these revenue receipts al this
time time appears to indicate increased
manufacturing OF taxable articles.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02

LIABILITY AND CASUALTY insur-
ance in all its branches written by the
Maryland Casualty company. Over 49,
600 600 assets available in. the United
States for losses. Also fire and all lines
of general insurance. Losses adjusted
and paid here.
H. 3. WINDSOR & CO,
General Agents, 81 West Second South
Street. Phone 244.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02

Delinquent Notice.

COLUMBUS CONSOLIDATED MIN
ing company. Location of principal place
OF business, rooms 81 and y. Commercial
block, Salt Lake City. Utah. Notice
There are delinquent upon the following
described stock on account Of assessment
levied on the 18th day of August. 1894. the
several amounts set opposite the names
OF the respective shareholders as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
WEEKS ORE AND BULLION.
Precious Metal and Copper Produc-
ers Make Fine Showing.

ore and bullion settlements in the
local open market for the past week
were greater than for any previous
week in the month Of September, the
total being $685., 637. Yesterdays pro-
portion of the total was $40 100, as fol-
lows: Silver. lead, gold and copper
ores, $23,700; base bullion, 81, 400; gold
bars, $4,000. TOnopah and Goldfield
have contributed more than usual to
the total on account Of the delivery Of
several cOnsignments Of rich ore and,
from present indications, the receipts
from those camps will be still heavier
from now on. though it is understood
that many of the richer consignments
find their way TO San Francisco.
The output of copper bullion. carry
ing high values in silver and gold, re-
ported from the various individual
company plants during the week, was
above the average, both the Bingham
and Utah Consolidated appearing with
an extra carload. The total production
of copper bullion from all the plants,
including the American. with approx
innate 100000 and for the month of Sep
TENDER was 4.629,SS6 pounds. The re
port for the week. as compiled yester-
day, was as follows, in pounds:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02
Utah Stocks in Boston.
Especial to The Herald.)
Metal Markets.

Silver. SIS cents per ounce
Copper (casting). y cents per pound.
Lead. i'm ore, $50; New York $40 per
100 pounds.