davidaulloa/AmericanStories huggingface dataset:
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
Dry Concentration at Ores TO be
Demonstrated in Spruce Noun.
tain District.
; A 75-T0N PLANT TO Be BUILT.
arrangements Have All Been Com
pleted--Maior CatrOw Departed
For Ohio Today.

Major II. G. Catrow president Of the
Ohio Copper company Of Bingham, de-
parted today noon for his home In ohio,
but expects to return In about two
weeks.
Before leaving the major stated that
arrangements had been completed with
the management Of the Latham mine
Of Nevada for the installations Of Is
ton dry concentrating plant, the patents
on which are owned by Major Catrow
and associates.
The Latham mine Is located In the
Spruce Mountain district and Is said to
10 contain some large bodies Of
sllver.lead ores. At any rate Major
Catrow, and those interested with him.
are satisfied after an inspection OF the
mine, 10 70 ahead with the construction
OF the plant and demonstrate It's worth
IN the saving Of values in ores In COM
mercial qualities, Several laboratory
tests have been made with Latham ore
with the Catrow process and the re-
suits have been most gratifying TO the
owners Of the process MS well as to the
mine management.
Major Catrow expresses great con-
fidence In his process and believes II
Will yet solve the problem OF making
marketable the ores of Deep Creek and
other camps, where water is scarce as
the prOverbIal hens teeth"
II Is yet IN the experimental stage,
but Its complete success or failure
viii be fully demonstrated at the La
than,
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
At the Opening Of the Market
Most Stocks Traded In We're
Some Higher.
THE DEALINGS WERE LIMITED.
There Was no Particular Movement
That Attracted Any At.
tentiOn.

New York, April 23.-Prices OF the
majority OF stocks traded In at the
opening today were slightly higher than
last night, but the number OF active
issues was very small. The United
states Steel stocks We're inclined TO sag
operations in stocks were 80 limited
during the first hour that the day gave
promise OF being one of the dullest in
the. exchanges history. There was
nothing in the way OF a movement that
attracted any attention.
The favorable bank statement had
been expected and It's publication did
not change the llstless temper OF the
market. Prices were practically I'm
movable The closing was dull and
irregular.
Close; Money on call nominal, no
loans.
Time loans easy. 60 days, "a 80 days,
2's; six months, 3h@3A per cent
Prime mercantile paper, 494h per
cent.
Sterling exchange slightly easier with
actual business in bankers bills al
4.SI, 25d4.S7.3O for demand and nj
4.35. 25Gi, 80 for 60 day bills; posted
rates, i.s6 and 4.SSq4. sSls commercial
bills, 4.SihQ4.S6.
Bar silver, $50.
Mexican dollars, i3is.
Government bonds steady; railroad
bonds firm.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23

ton that work Is now IN. progress al
the old Bullion group after a period OF
idleness lasting for several years "A
force OF l2 men Is employed un Ter the
direction OF Supt, L. j. Dare. The bu!-
lion Is owned by California parties.
At the Galena King which Is under
the management OF Capt. Duncan Nc"
Vichie, development work Is In progress
again with a force Of 20 men employed
Asaresult Of the draining OF the min
eral zones by the great Honerine tun-
mel and the operation the Honerlne
mill the camp OF Stockton Is in more
prosperous condition than has been wit
messed there In great many years.
Mr.. Hickman says numerous small
properties are being worked again and
q number Of them have been purchased
by larger concerns operating In the
camp recently.
The Stockton Gold Mining and Mill
ing company will shortly install q
larger hoisting plant than the one IN
use at the present.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
PRODUCE.
CHICAGO.

Chicago. April 23.--May wheat was
decidedly erratic, opening quotations
showing loss Of 1is to 2$ from last
nights close, initial sales being made at
Sc to SIN. After selling at s5&, the
price advanced TO S7h, but settled back
again 10 S6%. July opened %qla TO q
az lower at san to 81, and declined
to SShds.
Wheat No, 2 hard SSG9i; No, hard,
S3GSS No. northern, S9a99; No, 2
northern, S5@9l; No, spring, S5Q9O
Corn No. 2, 4s@1s; No 3, 47G4.
oats No. 2, 37is No. 3, 80,
The market continued nervous
throughout the session The close was
weak. with May and July each lqlb
lower. Close.
Wheat May, s7hG%; July S39s, old,
S4%d1a; Sept, 1875 $50; old SlGSlh.
Corn, April, 46%; May, 47h' July,
471 Sept, Az.
Oats, April, 36B@is May, S6%@h;
July, S5A@%.
Pork-May, li,97Ma19.Oo; July
1926.
Iard-May, 6.G2h; July, $50.
Ribs--May, 6.37h; July 6,57h'
Rye-May, &c.
Flax-Cash, northwest i,O6ia.
Timothy-April, 800.
Cloyer--10 rs.
Barley-Cash, 33Q57.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
BUSINESS NOTES.

The week has been generally dull In
commercial stocks, with the single ex-
ceptlon Of Fremont County Sugar. OF
which considerable blocks have changed
hands, both Of the stock and options on
future subscriptions at 1905 per share,
Amalgamated Sugar common has been
somewhat slow slhce the payment Of
the dividend; 1t is offered at slO4 and
the preferred at 5000, A drop in og-
den Savings bank is recorded and 30
shares sold at $40. The slight decline
in the stock. which was quoted az sliS
last week, Is due to the fact that a
new bank Is said 10 be booked for early
announcement In Ogden, the promoters
being Mr. James Pingree, former cash
Ter of the First National, and his
friends. II will do both commercial and
savings business.
Another feature Of the week noted
with interest by brokers and investors,
has been the advance In Deseret Saw
ings bank stock 10 s275 per share. the
figure at which Deseret National bank
also stands. For years the latter has
occupied the top notch position in the
local list nothing else ever coming
within hailing distance of It. The fact
that the Savings institution has now
overtaken It, Is a notable one. The
figure, s275 per share, was bid for Say
ings. and the National stock was offered
at the same price during the week;
both are now ex.dlvldend.
A considerable block of Utah Sugar
common sold at s3,25. and the stock is
reported scarce. The unequalled supply
of moisture throughout the state has
had a bouyant effect on all sugars.
Following are the latest quotations:
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
ANOTHER MAJESTIC SUIT,
Colorado Fuel 4 Iron Company Insists
Majestic Company Is Not bankrupt

u
Majestic Company Is Not bankrupt
The Colorado Iron Works company
which built the smelter for the Majestic
Mining 4 Smelling company at Milford
will undertake to establish the fact that
the company Is not bankrupt and VIII
combat the proceedings begun recently
IN the Federal court. A document was
died In the court yesterday afternoon
by Attorney Greenwood, representing
the Colorado concern, setting forth a
general denial. II is recited that the
Colorado Iron Works company Is a
creditor Of the Majestic In the sum OF
s3,16l 10, and that TO enforce payment
II began an action on March IL last, IN
the district court, Beaver county, to re-
cover said sum. with interest on the
same day nm attachment was Issued,
and on March Is the sheriff levied on
the Conner and Contact lodes, together
with certain personal property OF the
Majestic company THIS attachment
has never been discharged'th the company
says the protestant was not bankrupt
when the levy was made and should
not now be declared so by the court
To sustain this II Is said the protest.
ant viii ask the right TO establish that
the assets OF the company have val
uatlon greatly in excess Of It's llabill-
ties, as was recently done at Milford
and during nm attempt TO force the
house OF McKeen into bankruptcy
Meanwhile Il Is said that eastern IN
terests in the Majestic are seeking
means with which 10 extricate 1t, ana
that letter has been received telling
of progress
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
LIVE STOCK.
CHICAGO.


Chicago. April 2S.-Catte receIpts.
300 Nominal Good to prime steers,
5.OO95,5O; poor to medium S.sOa4 80;
stockers and feeders, 300d435; cows,
l75Qi3O; heifers, 225G475 Gamers,
1.5Oq2,5O; bulls, 2.OOQ4lO: calves, 2.25g
$50; Texas fed steers, 400 at AIS.
Hogs-Recelpts today, 1000; Monday,
$4,000; steady Mixed and utchers, 500
Q52O, good to choice heavy, 5iOy5l7h:
rough heavy, 4.9Oa5.50; light, 4sOq5.l5:
bulk Of sales, 5OOg515.
Sheep-Receipts, 1900, sheep steady,
lambs steady. Good to choice wsthers.
h75d645, fair to choice mixed, $3.50
400; western sheep, i.l5d545 native
lambs, 450qi90; clipped, 5,00Q5.9O;
western lambs wooded, 690d6,75.
KANSAS CITY.
Kansas City, April 23.-Cattle--Re
ceipts. 100. Market unchanged. Ma
tive steers, 4.00G5 25; native cows and
heifers, 2.O0q4, so; stockers and feed
ers, 3 25M4,60 western steers. 5000
AIS; western cows, 2.00G4.25.
Hogs-Receipts, 5000. Market steady.
Bulk OF sales( i,50d4. 80; heavy, 4, 90I
4.95: packers, 4.S5Qf,95; pigs and
lights, 4.2544.90.
Sheep-Receipts none.
OMAHA.
Omaha, April 23.--Cattle Receipts,
200. Market nominally steady, Native
steers, 9.75q5, 10; cows and heifers,
5000 20; stockers and feeders. 2.75Q
40.
Hogs--Recelpts, $500. Market steady.
Heavy, 4,S2hQi.90 mixed, 4.S0@
4.S2is; light, 4,7O@4.S5; pigs, 4.OOQ
4 80; bulk of sales 4 .S0m4 ,S2h.
Sheep--Recepts $500. Market
stronger; western yearlings, 4.75W
5.25; wethers, 4,5Od5 20; ewes, 1850
500; common and stockers, S.0OG5, 90;
lambs, 5.759G.65.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
Carloads.
NEWuoUsE DOES HIS PART.
Has Put Up the Necessary 20 Build tho
Railroad from Frisco 10 Newhouse,

In compliance with his arrangement
with the management OF the San Pedro,
Los Angeles ~ Salt Lake railroad, Sam.
uel Newhouse at the head Of the New
house Mines & Shelters corporation,
yesterday placed TO the credit OF the
San Pedro the sum OF S99, 66S .65; a fund
to be drawn upon for the construction
Of the ,0i miles OF road between Fris.
co and the town OF Newhouse. This
is In line with what was stated in the
News" several days ago. Mr.. New
house IL to pay the bills but the rail-
road company Is TO remunerate him.
or rather his company In giving credit
for freight charges. In addition the
railway company Is to pay Q per cent
interest per annum for the use Of the
mone!
The construction OF the line will com.
mence az soon as the Utah Construc-
ton company can get its outfit on the
ground, which viii be within the next
two weeks.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
Lafayette Hanchett OF Colorado 10 90
With the Newhouse Mines,

The appointment OF Lafayette Han
chett OF Colorado as financial agent OF
all the Newhouse mines In the states OF
Colorado, Utah and Montana was an
nounced by Samuel Newhouse today. II
Is the intention Of Mr.. Newhouse to be
awsi great deal Of his time after July
next and with the constant Milling up
OF work in connection with all the prop
critics with which he Is associated ii be-
came matter Of necessity TO have p
man whose business will BE- TO look af-
ter the finances alone. Consequently,
Mr. Newhouse selected Mr.. Hancnelt
for this important position The latter
is president of the First National bank
OF Idaho Springs. Colo. lie will make
this city his headquarters in this city.
The operating department will re-
main in charge OF the present staff,
with NJ. NJ. Johnson as manager Of
mines and A. J. BEETLES, manager Of the
milling departments, and It may be said
more competent array OF talent could
not be brought together
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
CONCENTR ATES.

c. NJ. Freed has purchased seat
on the Mining Exchange.
George Moore Of the Moore Cyanid-
ing company Is In Deadwood, 5. d.
again.
Broker ]. W. Langley has gone to
Idaho for an outing Of a few days on
his ranch.
w. II. Irvine has gone to Bowling
Green, Kentucky. He Will be absent
about three weeks
Charles d. Rooklidge departs this
evening for Arizona 10 make an In
spectlon of mining property,
Manager r. G.. Wilson expected to
have the pump recently Installed at
the New York Bonanza In commission
today
The shaft at the Eagle and Blue
Bell mine AZ Tintic has been complet-
ed to the depth Of 500 feet below the
tunnel level.
1t is reported from Pennington that
the second shift IL to be put on at the
Guffey. Galley we'll where drilling for
oil Is now in progress
The report comes from Kaysyllle that
c. X. Rowland and others have been
pctive In the securing Of leases on
oil lands In that vicinity.
Manager Cairns of the Erie mine
Of Bingham expects 10 have large
shipment Of high grade ore on the local
market In the near future,
The 1000 or more tons Of second
grade ore az the Butler Liberal to have
been hauled 10 Dewey Is indefinitely
hung up by the Markham washouts.-
bingham Bulletin,
II. ] Keene, representing the Allls
Chalmers company Of Chicago. who has
been IN the city for several weeks In
connection with the Newhouse con-
tracts, returned east today,
The United States tramway grade
will soon be- materially improved 90 re-
duce liability 10 runaway accidents.
AS Il now IL constant vigilance |
necessary to forestall their recurrence.
Bingham Bulletin.
James A. Cunningham IL expected
home from Battlemountain. New, this
afternoon, where he has been on min
Ing business. Mr., Cunningham expects
10 leave about week hence for Homo
lulu. where he acquired interests several
months ago,
Manager Arthur l.. Thomas Of the
Maxfield mine IN the Big Cottonwood
district has recommended 10 the stock
holders Of that company the running
OF a long tunnel to drain and tap the
pay ore bodies 700 feet below the pres
ent workings.
Al meeting Of the directors OF the
Sheba Mining company. held yester-
day afternoon, W. $. Clamavis OF
Houghton, Michigan, was elected d.
rector 20 serve In the place of John
w. Burton resigned. President Bartch
and T.. w, Griffith expect to leave on
an inspection trip to the property to-
| day,
During the past 10 days the incline
and tunnels OF the Shawmut mine have
| been undergoing a cleaning out pre-
| paratory 10 inspection by eastern Of
| fclals OF the company expected here
! IN few days, II Is understood the
Shawmut " likely 10 soon resume de-
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
BUSINESS ONLY
FAIRLY GOOD,
Bad Weather is til, p,i,,,.
Drawback to Its lmmedI Ia,'Pd
Improvement
MUCH CONFIDENCE IN FUTURE
collections Are Slow OAK
Goods Are Placed on a Con-. ''
Servatiye Basis

New York, April ss-p
CO.'S Weekly Review Of n.y., ~ Dun 4
tomorrow: " trade viii ay
unreasonable weatbor
, na"a drawback to Improvement ~ !, 's'
ness complaints being ,nn ,,]' IN bud.
oouly sesc'ion of the country ANA an no. ~
collections are also sttrIh,,,', s'id 'loS
90 ls'' or Not only is current dIs,r ~ @'
OF merchandise partlcnlor, l''I,ou'on
~. .u'ure Commitments are uDSs, ,.''a
most conservatiyely on accon' '.'''as'n
' possible injury to crops. r,s !" 'a ;,
much confidence regardln, 81. 'a''e d
a aesp,, the fact that at many ' O0.,.
supplies of merchandise a.. ponu
some some, structural work is graauslS s, !.
sumihs normal proportions for ,sa re-
sun, May l Is Usually the date f, A.. ~, :.
many labor controversies. IN, ,s,' '''
there is little Prospect Of serious o,' , .,'
'uroances' At the west railroad ,'.' el''
tonnage ;, has not increased, but p s'sa'
ger traffic Is very heavy ana $50 'u'
OF all roads thus far reported = .ass
are orly 40 per cent smalle, ~. A ''l
year. wan aH
While no further improvens,, 49,,
uiseerned In the iron and Steel I inS ,aa v
" Is gratifying to find no dls,,nc,a ry'
dence Of a setback. ''' eN'
Aside from strength and sc,,v,.,
Texas hides, the western msrr.,E "a
domestic skins IS dull and barely S S,.. !%
a little prospect of higher yamo ,'a
though sales of foreign hides a,a a.
strict by light importations from Is,I ~
America. "V'' la'Ih'
Slightly lower prices prevail IN -,
leading agricultural staples W. 'a'
Failures this week number trnn.
United States against 266 last yaa ;" W.. ~;
IL IN Canada, compared with is vow s,,
ago. 'e"
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
THE WEEK ON CHANGE.
Sales Of Mining shares Have Been Light
-Mereur Stocks Down.

The week on the Mining Exchange
could be summed up In a few words.
The market has been deplorable ana
the total business transacted amounted
TO the transfer OF $685. shares and the
money involved In the transactions flg-
ured up 10 $2S4l2.iO
Daly-West, which has been the VIC
tim Of attack for several weeks closed
stronger being quoted today with q
bid OF s23. The Mercur stocks have
received some serious set backs; both
Conso dated Mercur and Sacramento
have been toboggannng. The apparent
failure of the Consolidated Mercur to
extract the values from It's ores with
complete success since the changing OF
processes has been disappointing In
the extreme. This has frightened many
into selling and the market has been
flooded with sellers The SACRAMENTO
earnings have decreased so that the
directors found II inexpedlent to post
the May dividend and II will be passed.
Naturally enough, this has been hurt
full, and the stock has dropped, II was
offered down 10 IA cents today. Grand
Central continues to hold up well. The
mine Is shipping heavily and IL In
condition to keep on paying dividends
indefinitely. A small lot OF ontario
was sold during the week at reduc-
ton There has been no inclination on
the part Of Butler-Liberal to recede,
On the contrary. the stock has held
firm ut II cents and better The COM
pany has large quantity Of ore ready
for market. but the roads have been
IN such condition that 1t could be
moved only with great difficulty. YAM
koe Consolidated has passed through
unchanged, but has been inactive.
The closing quotations and sules were
posted as follows
ToDAY's QUOTATIONS.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
AMONG TINTIC MINES.
Preparations for the Starting OF the
Eureka.HilI MIN Progressing.
Special Correspondence.

Special Correspondence.
Eureka, Utah, April 22.--ConsIderabe
activity is being displayed in the min.
ing circles Of Tlntlc, Preparations are
going on rapidly nj the Eureka Hill
mill and the stamps will soon be
dropping, giving employment to from
so TO 70 men. There Is ore enough on
hand to keep the mill busy for at least
four months and development work
will be pushed at the mine by increas-
Ing the force.
The assessment Of $40 OF cent a
share levied on the Lilly Mining Co.
stock became delinquent on April IS,
and will be sold on May ~.
A meeting Of the stockholders Of the
Big Hill Mining company will be held
soon and an assessment levied 30 as to
continue the development work which
has been going on for some time past
under the direction OF John Bestle-
meyer, and who Is much pleased with
the prospects OF the property,
Work VIII commence shortly on the
fkulpn tlulIHS III Cust ilnNlC, oNlltu ny
NJ, NJ, Kellogg Of Provo and which ad-
Joins the Lilly property. The claims
have already shown good mineral de-
poslts, and with proper management
and development will be the making OF
valuable shipper.
As soon as the wagon roads are In
condition so that ore can be hauled,
work will be commenced on the old
Billings iron mine In the east end OF
the district by Mr.. n. N. Noon. who
has lease on the property, Consider
able ore was stripped from the mine
last year and proved paying proposl-
ton.
IL. T. Fullrlde Is having the ground
OF the Vega claim developed, work be-
ing carried on from the bottom OF the
S0-foot shaft. The showing at the
property Is very good
At the Maple property work Is being
pushed in the drift 10 the south Of the
shaft, which Is down a depth Of $50 feet,
and the drift Is now I'm distance Of $50
feet and the expectations are that the
ledge will be tapped by drifting an
other so feet. Fine looking quartz,
bearing values In gold and silver has
been encountered during development,
and the stockholders intend to push
the good work until they have a paying
mine.
The force at the Joe Bowers has been
increased and the prospects for this
silver City property continue TO I'M
prove daily.
Nineteen moro cars OF ore were
shipped from the Tintic district than
for the week previous. From now on
It is expected that the output OF the
mines will increase weekly. The pro-
ducers this week are classified as fol-
lows,
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23

velopment operations, Bingham Bull
letin.
The storm OF Tuesday proved seri-
GUS setback for orehaulers who have
Markham gglcs orders. IL w.li he a
week or two before the Markham coun-
~ road can be put In even passable
condition. A petition to the county
commissioners asks that the grade be
raised so that the road will hereafter
be out Of reach Of freshets.-Bingham
Bulletin.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
STAR CON. SHAREHOLDERS.
Opposing Factions Are Fighting for Con
trol This Afternoon.

The stockholders Of the Star Console
dated Mining company are holding the
adjourned session of the annual meet
ing this afternoon. II was called TO
order at 10 O'clock this morning. But
the committee on credentials was not
ready TO report and a recess was taken
until this afternoon.
AT the meeting Of the shareholders
opposed 10 the Packard-Landers inter-
ests, held yesterday afternoon, a ticket
was named to be voted when II comes
20 the election OF board Of directors.
The following names were selected:
Frank d. Kimball, Henry G., Mcmillan,
]. p. Turner, C, s. Packard and A. c.
Ellis.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
SALVADOR DIVIDEND.
Directors OF TintIe Mine Declared One at
Meeting Held Yesterday.
snecIal Correspondence.

Special Correspondence
Provo, April 2S,-Yesterday the direc-
tors of the Salvador Mining company
Tlntic OF which Jesse Knight Is the
principal stakeholder, met here and de-
clared a dividend OF one cent share
on the capital stock. The dividend is
payable on the End Of May. The books
will close on the 30th,
st. V. lie Sieur Is showing some beau.
tlful opals from the lie Sieur opal Min
ing company's mines In Lemhi county,
Ida, The company has plant on the
ground that separates the stones from
the rock In which they are embedded
and cuts and polshes them 80 that the
finished product ready for setting IL
turned out. They are worth on the
market from so TO $3.50 karat, Mr..
lie SIeur states, and there should be
millions in It" for the company,
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
NEW YORK PRODUCE.

New York, April 23.--sugar, raw,
steady; fair refining, az; centrifugal,
% test 3% moasses sugar, 27s; re.
fined, quiet; crushed, $40; powdered,
4.SO; graduated, 40.
Coffee steady: No. Rio, ~,
Butter, creamery. 14d23h,
Eggs, firm; western firsts, 1917.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23
REVIVAL OF STOCKTON.
Twelve Men Now working at the Old
bullion Mine,

J. p. Hickman, who has been a resi-
dent Of Tooele county for more than
80 years and who Is thoroughly ac-
ouainted with the geological conditions
OF the stockton district, was In the city
yesterday and returned to camp this
morning.
Mr.. Hickman brought In the Intorma-
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-04-23

David Keith is thinking seriously, It
Is said, OF adding four more stories to
the keith-O'Brlen Drygoods block on
East Temple street at an early date.
The walls and foundations We're built
with view 70 such an extension and
by removing the roof the structure can
be carried on up TO the desired height.
The walls OF the various offices on the
second story were made with view to
easy removal. so there will! be no tear
ing out of any consequence. outside OF
the roof. The cost of the improvement
will be about 100000.