davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
Mining Notes.

The Taylor e Brunton sampler yester-
DAY reported the receipt of one ear Of ore
rom Iindc one from Bingham and one
from Modena.
Two cars Of high grade lead ore from
Inc south Swansea were on the market
yesterday morning.
NJ. II. Lipman and c. f. Hudson left
Tor the east yesterday on mining bust
ness Mr. Ltpman has been called away
on matters connected with the Lipman
Mines a. Tunnel company of which he is
general manager, while Mr.. Hudson. il
Is understood, has gone to interview some
Of those who are Interested with him in
Nevada propositions.
Vice President ]. D. Wood of the DAILY
West company left for Los Angeles again
yesterday, to be gone some little time
Uncle Jesse Knight came up from the
south yesterday morning 10 look after
the marketing of ore from the Salvador.
he will not take formal possession Of
the La Refine until tomorrow.
4. +. Holden. managing director Of the
United States company, will leave for
ten days trip 10 the coast today.
Manager NJ VI. Johnson returned from
one of his regular trips Of inspection to
ports that Contractor Dederich is max
ing fine Roadway with the construction
Of the great storage reservoir at New
house. and il will be but a short time
till he has 1t completed.
Silver moved up a few notches yester-
day 10 % cents per ounce.
The workings of the Raymond property
at Ttntic are now being pumped out pre-
paratOry TO a reSum ptiOn of operations.
after the ratification Of the consolidate
deal with the Illinois, scheduled for the
25th.
During the week Manager Joseph of
the Carisa ordered the hosting works on
the Spy shaft closed down, thus cutting
out most expensive item in the operat-
ing expenses of the mine Hereafter all
operations will be carried on through the
SiouX-AjaX tunnel Mr.. Joseph went out
to the mine last evening.
Instead of two lots. as some of the pa
pany has marketed no less than nine lots
OF ore since operations were resumed ON
the LIST of the present month. Sixteen
carlyoads of ore have been forwarded
from the mine since Monday.
s. W. Hall returned from Bingham yes
terday after having inaugurated work
the April Fool and other property adj
joining the Red Wing. which recently
went 70 Cleveland operators under bond
Manager P. W. Madsen returned from
several days trip 10 the Century AT Park
valley Friday night. He reports every
thing to be moving like clockwork and
declares that the mine is growing bigger
and better all the time.
Articles of incorporation were yester-
day filed with the county clerk of the
Golden Spike Mining Milling & Smelling
company. 1t is capitalized for $4,000 di-
vided into 100000 shares of which 200. 600
shares remain in the treasury. The prop
erty held by the corporation is situated
in Big Cottonwood district The Officers
are: GrOnway Perry. president; p. Sib-
ley. vice president; W. g Tracy. score
with Charles Thorp, jr., form the direc-
tory
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
The Bank Statement

New York, March 19-The statement of
averages of the clearing house banks of
this city for the week shows:
Loans, SOS 9lS.S00: increase. SI5f9 500
Deposits, $LGSL0l3. 200; decrease. S225, 200.
Circulation, S56,SlSSeO; decrease, $l,04S,-
500
Legal tenders. ss9.s2l, 400; decrease. 1884,
Specie. S217. 2sa coo: decrease. $1.Ss5.5Oo.
Reserve, 1886, 200; decrease. s.. 500. 800.
$65. $500.
Surplus, s27s1O,575; decrease. s2.2s2.5OO.
Elk. Y. S. deposits, $57,542, 80; decrease,
50 SSS, 075.
The. Financier this week saws: The fea-
ture of the official statement of the New
York associated banks last week was the
wide discrepancy between the cash
changes as shown by the bank returns
and those indicated by the estimates
which were based on the traceable move
ments of money during the week. The
official statements showed an unaccount-
able loss of g. 800 cash. while the esti-
mates called for a gain of about this sum
OF $2.l43OO- The deposits decreased $3.50
Zo0 and the required reserve was reduced
S65.SOO. deducting which from the loss of
cash. as above. left $2.626 800 as the de-
crease In surplus reserve to S27,310515.
Computed on the basis Of deposits, less
those OF $f0.4SS. 200. public funds the sur
plus is $50, 1872 100. The government depOs-
its, IL may be noted. were increased 1856
200. making SESSION since Feb. g. Loans
We're increased as was cSpected but not
to the extent looked for. the amount of
gain being Sl.5i9. 800. The statement did
not show a good balance, the sum of loss
of cash less the increase in loans being
greater by S9l5,3O0 than the decrease in
deposits. This failure of the return to
balance was probably due TO the bank
merger operations. Circulation decreased
81. 04S. 500 during the week. making $50 600
since Jan. 3 The average daily clear
ings were SlS50O0,OO0. an increase of SIS
100000 compared with the previous week
rejecting more active speculation on the
exchange Ch he
loans due to the collapse in the cotton
deal. The clearings reported on Saturday
representing Fridays business, were $780,
415.24S. or above the average One Incl
dent of the week was the merger of the
Central National by the Citizens. which
became effected on Monday. The capital
of the latter was increased by 81. 900. 900.
which was the amount Of the capital of
the Central. The loans. cash and depos-
its of the Citizens were augmented
through the operations of the merger
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
OPERATIONS AT BINGHAM.
Utah Mill Doing Good Work With
Scant Ore Supply.
bingham Bulletin-)

Excellent reports are arriving from the
Cluster compsnv's mines, and there Is
little doubt that the Cluster will swell
the list Of big producers before the year
is out
President Stern and Manager Robinson,
frequent visitors to the Yampa smelter.
are much pleased with the manner in
which the plant has now settled down
to business and the excellent work il IS
doing. Another furnace VIII be installed
in the near future.
BY Sunday the Copper Belt will be
reinforced by return from the shops Of
one of its crippled engines thoroughly
repaired. The other one viii also soon
be on duty and the new engine ordered
from Ohio is due to arrive early IN
April. There will be work for all, and
plent of IL.
The Utah company's mill has been
running since Tuesday last. without
hitch worth misunderstanding all eX-
pectations in this regard and in the eX-
cellence of its work. Owing TO a tenn
poraTily scant ore supply a moderate
tonnage is reaching the crushers, but in
quantity sufficient TO demonstrate that
the plant is a completes success in every
part Yesterday the Copper Belt dunpe't
seven or eight carloads of ore in the bine.
and present prospects are that the road
will soon be equipped to meet the re-
quirements of the mill-not less than
800 tons daily.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
WILL SOON BE BORING.
Union Gas & Pipe Line Co. to Begin
Operations Next Month.

Advices from Pittsburg are to the ef-
lest that the affairs of the Union Gas X
ripe Line company. recently organized in
this city, have been rounded into shape
coming month W. 6. Ravenscroft, pFesi-
dent OF the company. writes that he and
an expert driller will reach here by the
18th OF the month shortly after which
held and the permanent board Of direct
ors and Officers Will be named.
There is no doubt but that Mr.. Raven
scroft viii be continued as president am
Thomas j. Amy as secretary, but when
completed the board will contain nine in
stead of four names. as at the organiZa-
uOn. when these men named ana II. T.
Tayler, J. II. Bigger and J.. W. Boileatt,
OF P1ttsbUrg. made UP the list. II IS an
nounced that those who will be added TO
the board are: NJ. s. Kline. president OF
the Elk National bank at Ridgeway, Pa;
A J. Wallace the oil operator OF Butler,
Pa; w c. Bigger, attorney Tor the
NJ. Lowry. the noted Philadelphia lawyer,
and e \ Halsey. a Chicago capitalist
Orders are now being placed Tor the
machinery and equipment to be used "a
pounding down the first well and as the
experts who sized up the ground, includ-
ing Messrs. Wallace RavenscrOft were
very partial TO the tract over the Jordan
river secured from Mr.. Amy and others,
there is little doubt or no doubt that the
first well viii be sunk there. The COM
pany 5 possessions reach from there all
along the lake shore TO a point in close
proximity to the Guffey-Galey holdings
and there IS no doubt that a well VIII be
the season is very Tar advanced.
Since the organization OF the company
Mr.. Ravenscroft and his associates have
worked rapidly TO get things I'm shape
the game that preparations are practical
" completed to begin operations.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
Assessment Mo &

DEXTER-TUSCARO CONSOLE
dated Gold Mines Co Principal office
room 100 Mccormick building. Salt Lake
City, Utah Notice is hereby given that
al a meeting of the board of directors of
the DeXter-TuscarOra Consolidated Gold
Mines company, held on the 2ad DAY Of
March. 1905. an assessment Of seven ca
cents per share was levied and assessed
upon the capital stock or said corpora
ton. payable forthwith to L. n. Lee the
secretary Of said company, at room 400
Mccormick building, salt Lake City Utah.
Any stock uDon which this assessment
NAV remain unpaid on the Sth day of
April 1904. will be delinquent and adver-
tised for sale at public auction, and IN
less payment is made before. so many
shares of each parcel Of such stock
as may be necessary. viii be
sold on the 21st day of April 1904 az
O'clock. in the afternoon of said dav,
to pay the delinquent assessment thereon
together with costs OF advertising and ex-
penses of sale.
Dated this 2nd day OF March. 1904
l. D. LEE.
Secretary Dexter-TuscarOra Consoli-
dated Gold Mines company.
Room 400 Mccormick Building. Salt Lake
City, Utah.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
UNITED STATES DoINGs.
Number Of Issued Shares Being Re
duced to an Even 100000.

We understand that the present capital
stock Of the United States Mining COM
l'any iu the hands of the public is but
$4,000 shares as compared with as. 800
shares issued says the Boston News Blu
reau. OF the 4l9. 200 shares issued. $500
have been held i'm the treasury of the
company and quite recently 500 shares
have been purchased in the open market
and placed i'm the treasury. il apparently
being the purpose Of the management
not TO have the issued capital stock Of
the company exceed 10000 shares. The
ntcd states Mining company Will prob
ably not i~se report until October. when
The annual meeting Will be held.
10 is too early as yet 10 decide upon the
dividend policy and the subject has never
been considered by the management but
% Is the understanding among leading
interests in the property that an initial
dividend OF - cents per share will be de
Clarcd iu july and Or earnings continue
as az present il is quite probable that
another dividend OF 30 cents per share
will be declared I'm October thus placing
the stock upon s. per annum basis
The United States Mining company has
floating debt Of about S.t0.Og0 and Is eN-
pending between $3O0.e00 and 500 900 in the
building Of "a lead smelter to treat the
lead ores in its Bingham properties. All
of the above is expected To be cared for
during 1898 out OF earnings in addition to
paying dividends.
The United States Mining companv's
smelter viii have its sixth furnace ready
10 so into commission within thirty DAYS.
All the work On the construction of this
furnace has been done at the company-s
own shops az a cOnsidera bic saving i'm eN
peUse. although naturally the work has
required more time. With a sixth fur
mace On commission the United States
smelter should treat 80 tons of ore per
day. The smelter is now treating about
1000 tons per day. Work has already
been started upon The foundation OF the
lead smeltcr. which will have a battery
expected 10 be completed before the close
Of the year
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
FIREMAN. MINES CONSOLIDATE.
Properties in Beaver Lake District
Brought Under One Flag.

n deal was closed in this city yesterday
whereby the properties of the Beaver
Consolidated and Ben Harrison comma.
MES. operating in Beaver Lake district
Beaver county. are consolidated. The
Consolidated company is called the Beav-
er-Harrlson Mining company. its capital
ization being fixed at 1.j0010 shares the
stockholders I'm the older companies re-
ceiving share for share in the new while
0J3,p0O shares go into the TREASURY The
stock of the new corporation s. made
asseSsaDle. however. as levy of 2 cents
a share viii wipe out the indebtedness OF
both Of the old companies and provide a
working capital as well. it Is hardly
likely that the treasury stock will De
touched az all. J. j. Trenam. the father
of the old companies and the manager OF
the properties. has worked hard to bring
about the consolidation IN the belief that
better results can be accomplished at less
expense by operating through one cor
pOratiOn.
The consolidated company owns over 400
acres of ground right in the heart of the
mineral zone of the district The shaft
on the Beaver Con. portion Of the ter
ritOry has been put down 10 a depth OF
go feet. and while IL Is the intention 10
keep on sinking until the ground has
been opened 10 n depth of 1000 feet. ex-
pioTations on the J00-foOt level Will be
continued The property is one Of the
hest equipped in the district and with the
showing already made Manager Trenam
has no doubt Of his ability 10 make OF
tho property one OF the best producers OF
copper orc in that portion Of Utah.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
GRAIN AND PROVISIONS.

Chicago, March 19.-Plentv of buying
orders for wheat were in evidence at the
opening. The cry was quite generally ad-
vanced that the Sully affair would cause
freer scope TO be given 10 the influence
of so-called Legitimate conditions. In
itial quotations for MAY were &c lower
TO &c higher at 92ie. july was = lower to
izc higher at S69s TO S1is. Shorts especially
were active BUYERS and with limited Of
ferings prices made quick advance. May
selling mp 10 3S and july to S72- Reports
from Kansas and other sections OF the
southwest were TO the effect that the
rain fall of the last few DAYS was quite
Inadequate to the needs OF the growing
plant and that hopes Of a satisfactory
crop of winter wheat was becoming faint
er as the season progressed. Toward the
end Of the first hour however. in spite
of the preponderance of builish inf0rma-
tion there was much wheat for sale sup
posed 10 be on account of eastern specula-
tors. Under this selling May declined
20 Si3t. while July reacted 10 S6ss. On the
break there was free covering by shorts
and buying by pit traders on the theory
that the market had been largely over
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
Coffee and Sugar.

New York. March s.-Coffee-Spot Rio.
steady; No. invoice, 6ia: mild. steady;
CordOva, 10d13. The market for coffee
futures opened steady at unchanged
prices TO a decline of points. and at first
ruled quiet. I'm keeping with featureless
cables. Later. however there was ac-
tive liquidation. originating. IL was
thought. with people interested in the
cotton market, and the market became
rather easier. II was steadied. however.
by the buying of recent sellers and
closed steady, generally unchanged to >
points lower. except on two inactive
months. which were points higher on
bids. Sales were reported of 600 bags,
including: March, As; May 5.30fI5. 30:
> 700J. 10: December, sos
Sugar-Raw. firm; fair refining 1872:
centrifugal 96-teSt . 1872: mOlasses sugar
. $3.50: refined. firm: No c. as: No :,
30; No. s, 415; No. g 40: No. TO- 4.05;
No II. 400; No. u. 3.95: No. Is. 3.905 No.
H. SIS: confectioners' A. 40: mould A.
800; cut loaf. 5.35; crushed $50; pow
dered, 40; granulated. 4.65; cubes. 40.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
YANKEES SHIPMENTS.
Single Car of Ore Sold Yesterday For
More Than $4,000.

The. management OF the Yankee Consol-
Iuated Yesterday took down a check
which called for an amount in excess OF
1900 IN settlement for a single car of ore
from the lower workings of its Tintic
property. This is the third car of this
kind Of ore which has been taken out in
developing the new ore bodies below the
tunnel level during the past few weeks
ana shows very plainly that results are
being accomplished by Superintendent
Iurner OF which but the merest kind of
an mixing reaches the public.
Inc consignment was sold on controls
showing S.l3 in gold. OBS per cent lead
and l91 -55 ounces silver per ton. Richer
ore mas been shipped from the workings
and. be IL said TO the credit of the man
agement. no attempt to pad the returns is
ever resorted 20. When the ore runs
higher IL is reported. when Ii Is not so
nigh the figures are given. just the same.
N ADDITION TO this car of high grade rock
me company has marketed eight cars of
the usual grade during the week. BY
usual grade is meant ore that nets the
company in excess of $50 per ton.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
NTotice 81 Assessment.

LITTLE CHIEF MINING & MILLING
company Principal place of business.
Salt Lake City. Utah Location OF
mines. Tintic mining district. Juab csun-
~, Utah. Notice is hereby given that at
meeting of the board Of directors Of the
Little Chief Mining & Milling company
held at the office of the company March
L. 1905, an assessment Of one Cd cent
per share. being assessment No. 70. was
levied on the capital stock of the cor
poratinn. issued and outstanding. payable
at once to =. =. Mckinney. secretary OF
the company, at his office. Nos. AL to
4Sl South Tenth East street Salt Lake
CitN, Utah. ANY stock upon which this
assessment may remain unpaid on tho
goth day of April. 1894. viii be delinquent
and advertised for sale at public auction.
and unless payment is made before viii
be sold on the l1th day of May. 1904. at y
o'clock noon. to pay the delinquent as
sessment. together with the costs Of adj
verifying and expenses OF sale.
=. r MKINNEN. Secy..
Nos. Sal to ISL South Tenth East Street.
at salt Lake City Brewing COmpanys
office, Salt Lake City. Utah.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
Metal Market.

New York. March 19.-There continued
a good demand for leading metals today
following yesterdays activity and adj
VanceS.
Copper was firm. with lake at i. son
u. 20: electrolytic and casting. 70 37ike1
T.. 62t5.
Tin-Fir-n: spot. Is. 20f12S. 80.
Spelter-Quiet 5.00n5.1O.
Lead-Steady; spot. ( coat. 60
Although the iron market continues
temporarily quiet, there Is fair inquiry
from large consumers and prices are
stea1y and unchanged.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
MINES and MINING STOCKS =FINANCIAL And COMMERCIAL

pairing TO develop the group on an ex-
tehslFe scale THIS summer, and has al
reay constructed roads and pack trails
making the place more accessible. while
tunneling aggregating about 800 feet has
been done.
me property has two copper lOdes and
the vein now being worked runs from six
70 fourteen feet in width and the ore
carries from to 20 ner cent copper.
moreover. the vein widens with depth,
The company owns twelve claims and
the property Is but twelve and a half
miles north of Ogden
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
Money, Silver and Finance.

New York March 19-CloSe: Money on
call. nominal: no loans.
Prime mercantile paper, 4izd5 per cent.
Sterling exchange. firm. with actual
business in bankers bills at 4.S71256I4 S725
for demand and at 4.S49004 $40 for sixty
day bills. Posted rates. 4.S5d4.SS.
Commercial bills. S31R04. 81.
Bar silver. 81 cents.
Mexican dollars. Az cents.
Bonds.-Goverlmen steady: railroads.
firm,
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20

L. S. ref Is reg. los Manhattan con.
do coupon .. .1O5i5l gold Is 1895
l. S. IS reg 1864 Mex. Cent IS g.
do coupon. I06lkl do lst inc. 1919
L. >. Is reg .l2lsI NJ. & St /. As %
DO coupon .l32as NJ. X & T. As 9l&t
[. S. As reg 1864 do ends . . 71J5
90 coupon 81. .l07A n. r. r. Of NJ.
Atchison gen. 4s.10O3s con. As %
adjst- IS $50 n Y c gen IS, 12S7s
Atlantic Coast n. p. IS . 1881
line As .. .. .. 92Is do IS Il
y. * o. As 951zl y. * W. con. As 9SlS
Cent. of G. 5s. .1O51H O. s. L. IS and
do LIST inc .. IS partic 72sf
c. & o. 41zs =. ..l0l Penn. conv 31as 90
g. a A. J1zs l6S6 Read. gen. As SO
= =. & .. n 4s- S5l4 St i. x l. VI.
G, NJ. St. P col. IS ..ll39s
gen As JOY St. L. & 5. T.
G. a y. con IS lbs fgs As, e., -. o.. SIS
G. r. /. & p. r. iSt. L. Sw. lists. 1875
r. As .... 61js, Seaboard Air
do col IS 7S4 line is =. :. q. SO
l. < T. q St 5. p. As SS9s
l. gen. Is .. o.. % do IS . 112s[
Chi Ter. As 49, 50 II & p. lists . 1I6
Con Tob, is 81 T, St. L. & w.
d. & R. G. is o.. IS L. p. IS o.. . 1888.
Erie prior to L. P. cow . 96l5
lien As e, 97AI L. S. S. 2nd 5s. %
Erie gen. IS S4,s Wabash lists . .1155s
F. w & D. c. Wabash D-B. . 81
Hook Y. rks los Wis. { Cent. Is " sos.
l. & y. As 80
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
Treasurv Statement.

Washington March I9-Today's state
ment OF the treasury balances in the Ccn-
eral fund. exclusive OF the $50 o00.000 gold
reserve in the division Of redemption.
shows; Availab cash balance, S225.3 &c =
COS gold, sll2. S3s7s
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20
DELINQUENT Notice

BLACK ,BESS MINING COMPANY.
Location of principal place of business.
Salt Lake City, Utah. Notice.-There are
delinquent on the following described
stock on account of assessment No. 2.
levied on the 10Th day OF January. 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, 1904-03-20
Total pounds ......

The custom plant of the American COM
pauy was operated at its usual capacity.
while the HOnerine company helped 10
swell the amount of ore i'm its bins to the
tune of something more than 400 tons. The
big milling plant of the HOnerine COM
Dany is daily adding TO the amount OF
ore treated and when 1t is possible 10
send the ores from its mines TO the mill
through its long tunnel sixty days or so
later. the companys output will be cut
ting quite figure at the reduction works.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-03-20

sold. An Improved cash demand in
creased the buying in speculative trading
and caused sharp rally. May advanced
10 1875, and July TO SIS The close was
strong with May a g3i4. Final figures on
July were at SsSsas4. Cle2rances OF wheat
and flour were equal to 5000 bushels.
Primary receipts were .ei5. 900 a YEAR ago
Minneapolis. Duluth and Chicago report
ed receipts of $50 cars compared with
S36 last week and l91 year ago.
y material improvement was MANIFESTED
in corn al the opening. but the market
was very nervous and sensitive 10 mod
crate trading on either side. The close
was strong and near the top figures
May opened unchanged 10 5 higher az
5l2sG52l4. sold between BIS and 9Zss. anu
closed at 527s July ranged between ~ an
5os4. closing with gain Of ligQlss al 5jss
us4c- Local receipts were To- ears, Win
one of contract grade
Oats made a substantial recovery from
closing weakness Of the previous season.
The close was well toward the top. May
opened nc lower 20 PC higher az 39l tasSts.
After selling between 3gis and 4OSs me
close was at 40isGL July ranged be-
tween 3Siz and 80. closing with a gain of
Is at 3S7s.
The features in trading in provisions
were selling of pork by commission
houses and buying Of lard and ribs by
packers. Pork closed unchanged. lard
15c up and ribs 1Oc higher.
The leading futures ranged as follows