davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
MINES AND MINING sTOcKs=FINANcIAL AND COMMERCIAL t

Of mining employed. conditions under
ground usually make I'D the difference.
TO Illustrate what il meant by this state
amiss. For Instance
.8utier-Liberal. though a tunnel prOpo-
sluon. Is nicely equipped with a. COM
pressOr a good hoist 10 raise material
from its lower tunnel and has other sur
race improvements that viii likely run
the total up to $1,000 Its tunnel is now
completed 70 4 point where raise of
less than 100 feet viii connect up the
older workings and drain the mine, thus.
making the extraction of its large bodies
of lead ore a simple and Inexpensive prop
osiuOn- In addition it has opened up
some large bodies Of copper ore which
pay handsomely TO ship. OF this char
acter OF rock there Is now available and
in sight, without having gained the least
Idea OF the full extent of the shoot. not
less than $50.OO0 worth. Notwi thstanding
these facts. the stock is selling at u cents
a share. a basis of $4,000 for the
Srty Tor twice that figure he would be
May Day is selling on a basis of $4,000
Tor the mine. No one could get d contract
TO buy the milling ores blocked out in
the property for twice that sum.
Silver Shield is going for about what
the equipment of the property is worth,
while great bodies of nice ore are now be
ing opened mn The same is true of
Tetro. Century. Victor Consolidated, Star
Con. and number of other modest priced
stocks. including Yankee Consolidated,
one-half of the present market price of
the stock. and which, while development
Is gong on at depth, IS managing all the
time to add TO that surplus
Illustrations of this kind might be Civ
en- on not a few of the higher priced Sc
curities as well. and the list might be
stretched out to great length, for if there
is a stock in the list backed by anything
more than prospect which is not selling
for less than its legitimate intrinsic value
search fails TO disclose its presence.
Most of the stocks traded in yesterday
brought better prices than they did
ticsI1v 5Tobibited ber,, ~ he iimif nklaced
on orders by buyers were too far be-
meath the market DAILY is being quietly
absorbed by operators acquainted with
what is believed to be in store for that
proposition and the buying of Uncle Sam
and May Day. New York and NaildriVer,
is also going on from behind the scenes
Following is the list of final quotations
and record of sales made at yesterdays
single regular and open board calls:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12

periods of reaction. The ease of the
money market has defied all modify
ing influences in the way of Withdraw
ais OF gold for export and expansion
OF loans The. active trade reported
from the interior has not checked the
heavy flow of. currency to this center.
except as II was affected by the Chi
caSo street railway operation The
pressure for employment of bank re-
serves has kept alive the investment
demand tor stocks and bonds and has
outlfeSSeq the whole market The pie
thoTlc condition of the money market
doeSapOt pass without some discussion
as 70 possible influx of faults in the
currency syst en- The heavy current
redemption OF bank notes shows the
reflex tendency of the circulation but
there, Is no movement toward retire
ment of this circulation. The with
dfawals of the government deposits
with the national banks and the re-
lease OF government bonds which were
held 5 security makes them available
fol note circUlations and SO tends to
keep up. the bank note issues Com
plant IS heard of the losses involved
IN the war Of freight rates of the ex-
port grain traffic as between the gulf
ana Atlantic ports, bUt the effect on
STOCKS IS moderate. RumOTs of pea &C,
IN the far east have caused some for
elsn buying of our stocks. Rumors
of railroad deals have played their part
IN the special advances of the week
The movement for legislation 10 give
the government control of freight
rates remains in active discussion. but
belief in pOstponement of definite ac-
uon beyond the present session of con-
sress has been assigned as a cause of
nrmnesS in stocks
me bond market has benefited by a
good investment demand, but some of
the active speculative issues have
moved irregularly-
United States new As advanced =
per cent on call on the week
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
SHELTER FUME NUISANCE.
Utah Con. viii Solve Problem if Al
lowed to Do 1t.

In order TO meet the wishes OF the
farmers in the vicinity of its Smelter,
the Utah Consolidated company has de-
ternined to erect works for the pur-
pose OF eliminating the deleterious sub
stances from the smoke and fumes il
its great works. Whether it is going to
be allowed TO 90 so or not viii. in a
measure. rest with the farmers them
selves.
Manager Z. II. Claiming has filed
upon enough of the waters Of the Jor-
dan river 10 permit him TO pump 10 900
gallons per minute into n pipeline that
viii cannect with the plant which is
now being designed by Dr. Franz
Meyer. Just what the process is to be
Manager Claiming stated yesterday
he was not quite ready to say. but
that the water which he proposes to
divert from the river viii be charged
with the obnoxious substances he tacit-
" admitted when he stated that the
waters. after leaving the proposed plant
would be piped about eight miles down
the valley and past all of the irrigation
canals before it would be turned back
into the stream.
The farmers appear to be much in
earnest on the question o. seeing the
fume nuisance abated. 1t seems Ger
tain that the Utah Consolidated. at
least, viii comply with their demands
II il is allowed TO. But if the farmers
jump out and attempt to prevent the
Utah company from using the water
applied for. the proposition may have
10 be abandoned. a great deal more
water than. the Utah company has
made application for is said 10 be run
ming To waste all the time down the
river. and should the farmers lay
claim to it at this stage Of the game
il is argued that they would thus show
that they were not nearly as anxious
to see the fumes eliminated as they
pretend to be.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
CACTUS MINE Is
READY TO BEGIN
Active Career as Wealth Producer
VIII Commence Tomorrow.
OTHER BINGHAM FURNACE
STORMS INTERFERE WITH ORE
SHIPMENTS, FROM CAMP.

Tomorrow morning, according to pro-
gramme the active mining OF copper
ore from Samuel Newhouse's Cactus
bonanza will begin, and by Wednesday,
all going well, the magnificent milling
plant designed by and constructed I'M
der the direction of 4. J. BEETLES, Mr..
NewhOuse's milling expert. will go in
TO commission and be gradually worked
up 10 its capacity of not less than 500
tons per day. To reach the maximum
limit, Mr.. BEETLES calculates, viii re
qUire from sixty TO ninety days. 1t
may be attained sooner, but he is too
old a stageT at the game TO figure too
closely upon what can be accomplished
with new machinery
To be present at the Inauguration
ceremonies, Mr.. NewhOuse and all Of
his chiefs of staff viii be early on
the ground. and that the occasion will
be made a joyous one goes without
saying. The task of bringing the mine
TO such stage Of development that
the amount of ores in sight are calcu-
lated at no less than 10000, 600, has
been accomplished in an incredibly short
period of time-abOut three years-and
the provision for converting it into
money has been no less speedily ac
complished- The enterprise Is one
Which illustrates possibly better than
anything the indomitable will and en-
ergy of the man behind it, and that
II viii stand as wonderful advertise
ment of the resources of Beaver cOun-
tvs mineral zone is d fact conceded.
About three years ago Mr.. Newhouse,
after seeing a little development work
done on the Cactus properly, shelled
out $4,000 in cold cash for the
ground. Since then he has spent in
development and equipment. including
the building of a town, waterworks,
railroads, tunnels and mills. approxi-
mately 1000. coo. He has done this in
a country that had been taboOed by
experts and Wiseacres for twenty years.
His nerve and ambition has spurred
others TO Il realization of the worth of
the region. and the prediction is now
freely offered by mining men all over
the state that Beaver county will
boom.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
MINING STOCK EXCHANGE.
Weeks Trading Has Been Done in a
Bedrock Market.

The week on the mining exchange closed
yesterday noon with sales of stock ap-
gregating 119,9i5 shares, the selling vaIiIe
OF which was 81 204.z5 As compared viii
the previous week there was a failing off
of dbout 1890 shares. bsit an increfse %
approximately $1,000 in the value OF the
business done. The amount of business
which is now being done is light enough
almost to make the public forget tbaf
there IS such an institution as a nillinu
exchange here, but there appears to be
no help for il.
Nearly all of the buying these DAYS is
for interests that recognize the fact that
most of the stocks dealt in are going al
prices that little more than represent
the value Of the surface improvements AT
the mines they stand for. and where
this is not the case. owing 20 the methods
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
LIVESTOCK Markets.

Kansas City, Feb. 1.-Cattle.-Receipt
500 Market unchanged Native steers.
SEG56O: cows and heiferS. lisa 40.
Stockers and feeders. > 7504-25. bulls. > 25G
80: claveS 3.OOG7.O0; western fed steers,
350fL5.25: western COWS. fed. 2-e0ff .
Hogs-Receipts, 1900. Market steady to
~ cents higher: bulk. 44SN5.05. heavy.
OOd5.IO: packers. 490d5.05. pigs and
lights. 4-006490.
Sheep-Receipts. LOCO Market steady.
MuttOns. 4.50d5.65. lambs, 6.J0G7 10; range
wethers. 5.00d6-75; fed COWS. 4J0G5.25.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
COPPER BULLION OUTPUT.
Believed Bingham Co. Will Be Com
PEELED to Add Another Furnace.

The record at the individual copper
plants for the past week was a trihe
under what it was during the week
before, but the discrepancy is not due
TO the performances at the smelters.
1t merely means that a few thousands
of pounds less bullion was loaded for
market This will be readily UNDER
stood when it is known that at any of
the plants there is always more or less
of an accumulation of bullion that
might be loaded.
With the increased output of the
Yamps, the Ohio Copper company and
the resumption of shipments by the
Boston Consolidated. and with the
NewhOJIse properties in Beaver coun-
" getting ready to send up large
tonnage of concentrates. it begins to
look as though some of the copper
plants would have to enlarge before
long.
The announcement has not yet been
officially made, but it seems certain
that another furnace viii have to be
added TO the Bingham Consolidated
company's plant without delay Its
own mines are producing better all
the time and. with its contract to han
die the Cactus output and that of the
Boston Consolidated as we'll il is
hard to figure where 1t can get along
without another furnace.
During the week the three indepen-
dent smelters. with the output of the
Utah Consolidated cOnServa lively esti-
mated, shipped TO the eastern refiner-
les a total of 949.S7 pounds of copper
bullion. carrying high values in silver
and gold. as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
Utah Stocks in Boston.
Especial to- The Herald)

Especial tofIhe Herald.)
James A Pollock * Co. bankers and
brokers. yesterday received over their
private wire from Paine, Weber q Co.
one of their Boston correspondents the
following copper market comment and
record of sales of Utah stocks ON the
Boston market, with range and closing
quotations:
Boston Feb 10.-The copper market
continued TO show cOnsidera BILE strength
today. Copper Range and Centennial both
advanced on very good buying, with very
little stock coming out. Allouez was also
in good demand. selling I'D Go 20lk The
local traders are bulliSh on Mass and be-
heve that it will sell considerably higher
on account of the recent good showing.
After the strong buying of the stock yes
terday the market was allowed 10 sag
off today. but all the stock offered was
readily taken. Copper Range. AlloueZ.
Michigan and Winona all look well. QUO
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
Women

Who are nervous, pale, weak and fret
full, can be made rosy, strong and
hearty by the use of Palmo Tablets.
They make you look and feel years
younger. Money back if not salts
factory 30 cents. Book Free. Ad-
dress The s. R Fell Co. Cleveland. o.
For Sale by F. J. Hill Drug CO.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12

South Omaha. Feb. T-Cattle receipts
40 market Unchanged native steers. 3 20
n9-6e. COWS and heifers. ,. 75G54. 10; Gamers
l-9Ft So. stockers and feeders, :. 40si4 %:
calves, 2s5Gt5-15; bulls, stays, etc. i.S0Ti
SO.
Hogs Receipts, 5.O0o Market steady;
heavy. 4-S0n4.SO. mixed. 4.I5G4SO: light
4 t5di-S0; pigs. 5-T5d4 10 Bulk of sales
4.75G4SO.
Sevp receipts-S.Oo0. Market steady:
FED muttons. western yearlings. ). I5d6. 40;
wethers, 5.O04 $50; ewes, A25G5.25; lambs
6.5OGL75.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12

Pany- be withdrawn. and that you will
continue TO act as heretofore as presi-
cent and director. for we feel as such
We require your valuable services foR
the pest interests of the property.
we. therefore, as a board accent
your resignation as general manager
Dut trust you viii grant our request as
ABOVE and remain as president and df-
rector of the company"
IN accordance with this unanimous
request, Mr.. Newhouse withdrew his
letter of resignation. He is one of the
largest stockholders in the company.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
Money, silver, Etc.

New York. Feb. I1.-Close:
Money on call nominal. no loans
Time loans steady, sixty days and -
days ) per cent: six minths. 3i4 per cent
Prime mercantile paper 3240fi4 per cent.
Sterling exchange. steady with actual
business in bankers bills at 4S7-96d4SS for
demand and at 1850 for sixty days bills
Posted rates, 4.S6iz4 50.
Commercial bills, 4S5a4S5l5.
Bar silver, 611s.
Bar silver. 6l1a. z
Mexican dollars. az
Government bonds, steady; railroad
bends firm.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
Treasury Statement.

Washington, Feb. I1--Today's statement
Of the treasury balances in tn general
fund. exclusive of the S15000O .O10 golo re-
serve in the division of redemption. shows
Available cash balance, Sl42,06 594; gold,
S50,OSl, 679.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
Nevada Stocks.
Yesterdays Sales.

Ajax. !, 50OGlI5sc IO00aI1a4c: 5OOdlI14c.
Carisa, S,O0O01Oc; LCOO01OIsC.
DAILY, 100dS2-55; 1O0NS2.54.
Horn Silver. 20GS1.5O.
May Day, 50OqSl4c; 5OOaS9sc; 1,5O6QS1zc;
700GS5sc-
Silver Shield. J. JG0d14c.
Little Chief 2,000d2l4c; 1,e0Ca PIC, seller
60 days
New York .4O0d52c
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12

Chicago, Feb. lion the produce ex-
change TODAY the butter market steady;
creamery. 21G23; dairy, 21G26.
Eggs-Steady, at mark, 2192S; firsts.
% primes 30. extras. -.
C"bpeSe-Firrn HIP.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
Metal Markets.

New York. Feb 1.-THE market for
metals shows the usual Saturday mac
uVity in the absence Of London CableS,
with no quotable change in prices. Tin
is quoted at y. 25M2950
Copper. lake. 1850. electroIytic, I5.37izfD
1880; casting. 15.O0d15-25.
Lead remained firm at 4 45d460.
Spelter. quiet at 6iO06-20.
Iron remains firm at recent prices.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
Mining Notes.

Nine cars of ore from TonoDah. three
from Tintic and two from Bingham were
reported at the Taylor & Brunton sam
pier yesterday.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
Open Board.

Ajax, JO00111sc.
COngOr, 1.O0OQ l2lzc.
Carisa. 5OOd1Oi4c, buyer 30 days.
DAILY, 1000 So %: JOd sol.
New York, 100652C.
Naildriver, 50Ou 411sc.
Wabash. lOCN$1.g0 buyer 50 days.
Shares sold. 1870.
Selling valve. s., 1922.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
Butter and Eggs.

New York. Feb. u--Butter strong west
ern factory common TO extra 1SG23,
western imitation creamery common 10
extra. 22G2S-
Eggs-Easy: western firsts, 80; western
seconds. 2S629.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
Metal Markets.

Silver. Size per ounce
Copper (casting). i4i2c per pound
Lead. in ore. $3.50: New York S445 per
LOO pounds
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12
BINGHAM Mine shipments.

According to the Bingham Bulletin the
Copper Belt road hauled forty-three cars
of up freight and 252 cars of ore to the
depot during the week ending Friday, "a
follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12

45s. and fs5ka4s14. closed at 4sIs. Local re-
ceipts were ~ cars. none of contract
grade
Strength of wheat and corn mad a bull
ISL effect on the oats market AfaN
opened unchanged at 50ss. sold 10 2o7s and
closed at sos n305s. local receipts were
s. cars
Provisions were benefited 10 some eX-
tent by the strength of corn and oy a
scent rise in the price Of livestock Al
the close May pork and ribs were un-
changed at 12SIiRaI12- go. and 6S7lad6So,
respectively. Lard was up 255 at $50
Estimated receipts for Moaday: Wheat
10 cars: corn. 267 cars: oats. 122 cars; hogs.
g. go head
The leading futures ranged as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-12

- ....--. &C.. Stis
Waba sh lists lib
" ab. deb. T.. 49, 69Ss
West Md. IS ---- S5l4
w. & l. e Is. %
Wis. Cent. As. "a
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1905-12-15
o. r. & l.. Co.
TIME TABLE
l..
October 9, 1904.
OUTWARD.

OUTWARD.
For waianae Waialua, Kahuku and
Way Stations-'9:15 am, 1920 pm
For Pearl City. Eva Mill and Way
Stations - 1880 a. m, 1915 q. m,
'11:o5 a. m, '2:15 p. M, 1920 p. m,
s5:15 p. M, 1880 p. m. t1l:15 p. m.
INWARD.
Arrive Honolulu from Kahuku, Wal
alua and Waianae-'S:36 q. m, 66:3c
p. m.
Arrive Honolulu from Eve Mill and
Pearl City-t7:46 a. M, 1886 a. m,
s10:3S a. m, '1:40 p. m, '4:I p. m,
s6:31 p. m, 1880 p. m
sDaily.
tSunday Excepted.
Sunday Only.
The Haleiwa Limited a two-hour
train, leaves Honolulu every Sunday
At 1922 a. m; returning arrives In Ho-
nolulu at 1910 p. N. The Limited
stops only at Pearl City and Waianae.
q. p. pENIsoN, F. c. SMITH,
supt. q. p. 4 T. A.
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1905-12-15

Sealed proposals for constructing ap.
proximately seven and one-half q Icy
miles of macadam roads. for the Coun.
ty of Kauai, Hawaii, will be received
by the Board of Supervisors until 9 a.
m. Jan. End, 1906.
Copy of specifications, cross sections
and blank form for submitting propo.
sal, will be furnished to any intending
bidder on written request accompanied
by deposit Of five dollars, addressed
to c. II. Sweetser. County Road Super.
visor, Lihue Kauai.
A certified check for two thousand
dollars $4,000 must accompany each
proposal.
The Board Of Supervisors reserves
the right to reject any or all proposals.
BY order of Board of Supervisors.
II. ID. WISHARD,
Chairman.
Lihue. Kauai, Dec. 9Th, 1905.
324S.1Ot
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1905-12-15
Corporation Notices.
Notice 10 Holders Of Bonds
OF THE
WaiaIua Agricultural Co., Ltd

Pursuant to Resolution passed by
the Directors Of the Waialua Agricul.
tural Company, Ltd, at a regularly
called meeting held on October gath,
1905, and acting under authority of a
Resolution passed by the Shareholders
of the said Waialua Agricultural Co.,
Ltd. at duly called special meeting
held on October 10th, 1905, the existing
issue of Bonds, for One Million Dol.
lars in all, will be refunded or March
31st, 1906.
Under authority Of the said Resolu.
lions a new issue Of Bonds for One
Million Five Hundred Thousand Dol.
lars S1.5O0, 100000 in all will be made,
said Bonds to be dated March 31st,
1906, bearing interest at the rate of SO
per annum, payable semi annually on
the last days of March and September
OF each year, for term of 20 years,
with the option reserved to the Waia.
lua Agricultural Company, Ltd, of re.
deeming the whole or any part of said
Bonds on March 31st, 1916. or on any
interest.paying date thereafter; said
Bonds to be secured by Deed Of Trust
on the property Of the Company.
which shall provide for the annual pay.
ment to the Trustee of 1919 of the net
profits Of the Company, to be invested
as sinking fund for the redemption
of said Bonds.
Holders Of the existing Issue of
Bonds may exchange their holdings for
an equivalent face.value Of the new is.
sue, on the basis Of 9S for the latter,
difference to be paid to Bondholders
either in U. S. Gold Coin or In add.
tional Bonds at 9S, or partly in Bonds
and partly in U. S. Gold Coin, at Com.
pany's option). provided they execute
an agreement to this effect, and dellv.
er same, not later than January 9Th,
1906, to the Hawaiian Trust Company,
Limited. Blank forms OF this agree.
ment will be furnished on application,
or may be had at the office of the Ha.
waiian Trust Company, Limited.
Honolulu, November 2, 1905.
G. p. CASTLE,
Treasurer Waialua Agr'l Co., Ltd.
3220-Jan. 6. 1906.