davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
PLACERS SOLD
BY SALT LAKER
c. G. Goss Makes a Big Deal on the
Mexican Border.
NEW YORK AND NAILDRIVER
MOVING AT MAJEsTIc-WAKINe
UP AT FAY.

Advices from Kingston, n. NJ, yes
terday, were to the effect that c. G.
Goss of this city, who has for year
or more held an option on d great
acreage Of placer ground on the Mex
lean border, has completed the pur
chase of it. the property having been
turned over to him and his associates
On Tuesday last The property is
known as the Union and Esperanza
and the option was secured from
Mexican named Bernardo Silva, who
represented "A large number of Next
cans who owned the land. Following
the payment made by the GosS Syndi-
cate il is said that Mr.. Silva put in
day or two writing $500 checks for
the original owners and their relatives
When Mr.. Goss and his brother left
here about ninety days ago, it was for
the purpose of plotting u party of east
ern capitalists TO the property The
reports made by Mr.. Goss had been
previously verified and the visit of the
men behind the undertaking was un-
derstOod to have been for the purpose
OF satisfying Themselves as to the til
ties. more than the character Of the
ground, which sampled very high over
9 large acreage.
II is understood the new owners will
Incorporate under the name of the
Union & Esperanza Mining company
and that operations upon a large scale
will begin at once. A 4O0-horse power
hydraulic plant will be installed as
quick as the equipment can be gotten
onto the ground and the washing Of
the rich gravel VIII follow.
Mr.. GOsS undertook TO interest Salt
Lake capital in th,se properties. but as
the gold had not been mined and mint
ed il was. of course. impossible for him
10 do anything. His friends here will
be glad to learn that he has succeeded
i'm placing the mines, as the deal viii
undoubtedly mean a fortune to him.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
y MINES AND MINING s7OCKs=FNANcAL AND COMMERCIAL

lions in property is the signal for
bear raid by the talent, which usually
succeeds in convincing those inclined to
enter the market that mine conditions
are not going TO be permitted to govern
Trading and prices; As a result the
to exist bY gnawing at the same old
''scaiper' s. bone.
Ajax is &c lower than il was on Mon
day, at 13c, while Butler-Liberal has
moved up from lac to 17%c. with holders
demanding 1S14c. DAILY has been inactive
Daiy-Judge and Daly-West have neither
OF them shown any particular signs of
strength. Grand Central has been lit
tie stronger than usual and the same
is true Of its paiobbor tho Vfcforia
which is in the market with a healthy
CONSIGNMENT OF rich ore Mammoth,
s.l2lz, ygith Only 800 bid
May Day has been fairly steady at
prices ranging from 13c TO lac. the close
finding It selling at Ei-c. New York
was batted down from SIC ID 4Sc. after
which It recovered nearly Eli of its
lost ground. only to lose most of it
i Ing at i 50sze s'i'Eie transfer yesterday De
Silver Shield, which opened Monday at
ll12c, touched 19c yesterday. though il
was crowded back to close to lie at the
close of the oOen board session. De
VelOpments in the miHe during the week
nave, according to authentic reports, Dor
dered on the sensational, and men of
good judgment are predicting Il bright
future for the proposition, into which the
a great deal of money during the last
two years.
Uncle Sam has been at the mercy of
the bear element all week up to yes
terday, but the mine is known to be
opening up new territory in most sub
stanttal and gratifying manner. and the
year gives promise OF being a most sue
cessful one.
Century is picking up a little and there
IS reason to believe that IL viii be held
in much Better favor before lone. Beck
Tunnel Consolidated is also beginning to
attract attention, and those who are
watching the DEVELOPMENT of the prop
erty are of the opinion that surprise
VIII be sprung one of these days.
a close watch is also being kept on
Yankee Consolidated. and the moment
that ore is struck in the ground now /
being opened the 500-foot level below I
the tunnel, the stock is counted upon
to make a substantial advance. \ num-
Der of other properties are doing good !
work and the chances for Il number of
them TO make a showing during the sea-
son are not at all remote.
Following is the list of final quotations
and record of sales made at yesterdays /
single regular and ooen board calls
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
PARK CITY MINES.
Manager of Ontario Tells of Outlook
For New York and NaiIdriver.

During his trip To the Park this
week Manager G. l.. Rood of the on
tario and DAILY companies accepted the
invitation Of the management to make
an inspection of the New York com
pany's property. The showing i'm the
mine, he said, was n very good one and
conditions seemed to augur well for the
future. Fine ore is being mined on the
500 and 640-foot levels and the manner
in which it is stretching out in the di
rection of the Naildriver makes Mr..
Rood believe that the latter company
viii be sure to profit by it's neighbor's
developments. Sinking in the winze
was in progress when Mr.. Rood was
II the mine and tive ledge, he declared,
was certainly d strong and healthy
one.
I'VE have a very good showing in the
Naildriver at the present time" added
Mr.. Rood, and il is very proba BILE
that after the spring breakup occurs
We shall operate more extensively.
The shaft in the Naildriver is at a
depth which is the equivalent of the
New YOrk'S 500 level, and If develop
ments i'm the latter property seem to
justify it, Mr.. Rood says there is every
likelihood that greater depth viii be
sought in the NaildriVer during the
year. He is of the opinion that the
New York's future is practically as
Sured and he is just as confident as can
be that the same bearing channel
Will prove up al right in the Nail
driver.
Everything is moving smoothly at
the Ontario and DAILY mines and good
progress is being made on both the
drain tunnel and Federal tunnel levels
of the latter property, though there is
nothing out of the ordinary yet to re-
port. Mr.. Rood expects to return to
camp early in the week and. it is safe
TO say, much of his time will be spent
at the mines over which his manage
ment extends during the present year.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12

selling By commission houses here. Buyers
were few. owing apparently 10 the bril-
liant weather. The result WAS "a quick
break in prices. May sold off to .IlI
and July TO 9lA. The market CLOSED
nracucallV at the lowest point OF the day
final quotations. on Nav being 1.11Ss. JULY
closed at @2sNS112. CIearness of wheat
and flour We're equal to "a POO bushels
Primary receipts We're 3S6.51O bushels com.
pared with 464.100 bushels "a year agO
Minneapolis. Duluth and Chicago reported
receipts of 2l3 cars against S35 cars last
week and $50 cars a wear ago.
Despite the weakness of wheat and the
bearish tenor OF the government crop re-
port. corn held remarkably firm. Nav
opened unchanged to lac higher at As 20
4Sa. sold up 10 fSle. and closed at 4Sc
Local receipts were IA cars. with six con-
tract
The break in wheat was the principal
factor in the oats market NAV opened
a shade 10 3 lower at Sl2s to 312t a317s. sold
between 3l12 and 317s and closed 3lls Lo-
cal receipts. Z56 cars.
Provisions We're steady on a small vol
ume of trading. Mag pork closed un-
at z 521e- Lard and ribs We're
each up PIC at 6.91i2. and $50 respective
y.
Estimated receipts for Monday: Wheat
p cars; corn. OBS; oats, 400; hogs. 5000
head
The leading futures ranged as follows;
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
New York Mininu Stocks.
BUTTE G. BOSTON DEAL.
Nj. M. Johnson's Examination Causes
Eastern Gossips to Get Busy.

Since the examination of the Butte &,
Boston companys properties I'm British
Columbia by NJ NJ Johnson. of the New
house staff, this city, eastern papers
have been Specializing widely on what
would De done with the option ON 800
600 shares of the stock held nv samuel
Cntermeyer. OF New York Some claim
that the option has been surrendered
others that IT is still in force and with
II all the name of Samuel Newhouse is
interviewer in such a manner that he
might be considered as the man who
was undertaking to land the proDerf1-
The New York Commercial processes to
believe that Mr.. Untermeyer has surren-
dered ms option and INDUCES in the fol-
lowing gossips but meaningless TSsIiexl Of
the Situa ton. as it understands if.
1T is known positively that an ex-
haustive examination OF the mines in
British Columbia has been made bv an
expert connected with Samuel Nev.-
houses staff and that this fnvestfeatiop
was followed By a thorough feet ~
the ores on the properly. This tesf was
entirely different from any heretofore at
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
ORE AND BULLION.
Weeks Settlements Nearly $500, 900
About the SHELTERS.

Ore and bullion settlements I'm the local
open market during the past week. as re-
ported by Mccormick & Co. amounted 10
$i4' zoo. yesterdays proportion of the total
being Sill, 400, as fOllOwS: Silver. lead,
So. 500
IOp-nOlcn runs were made at all of the
individual copper plants and the amount
or bullion forwarded to the eastern re-
fineries was possibly larger than it has
Geen during any week since the beginning
of the year.
There has been no new developments in
the Smelter fume problem during the
week No suits have been filed and no
lnJuncuonS have been prayed for. Not
a single Smelter manager is yet in jail
and from appearances It does not look
though the farmers were in as big a
hurry to snuff out the fires of the smell
terS as they were "A couple of weeks ago.
In the meantime the American, Titan
and United States companies are each
working on their different schemes to
overcome the deleteriOUS effects of the
escaping gases and fumes, ana IL will
rot be long. if they are given chance,
until the situation will be greatly if not
entirely relieved.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
DOWN TO BUSINESS.
Bingham Central Will Prospect From
Old Protection Tunnel.

Operations at the Bingham Central
company property haze been inaug-
urated with Frank Taylor temporarily in
charge For the purpose Of speedily
reaching ore deposits in the BOnham and
other portions of the new company's do
main. II was decided to make use of the
oid protection tunnel which has been
driven about 400 feet i'm the direction of
the territory IL has been decided to first
prospect Drifting and cross-cutting from
TINS avenue, said Manager d. {. Jacklng
yesterday, Will be commenced lust as
soon as the Protection tunnel workings
can be placed in shape to permit of the
new work being done.
Within a short time works will be
started at another point in the property,
nut lfIS has not vet r-eu ~ett--.
the intention of the company. however o
waste no time in determining the value
or ITS territory, and just as many men IS
can be used to advantage will soon be at
work in the ground.
Manager Jackilng was accompanied to
the property by Treasurer c. w Whitley,
the American Smelling company's man.
dger- who expressed himself as Well
pleased with the appearance and lay of
the cOmpany's territory.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
Coffee and SUGAR,

New York. March u--Coffee-Spot Rio.
quiet. No. : invoice. IA; mild, steady;
COrdOVd, 1O01S- The market for coffee fu-
lures opened steady at unchanged prices
to a decline of points. which was fully
as good as due on disappointing European
cables and declines I'm the primary mar
kets Receipts were a little smaller than
the recent average. but were heavier than
last year. and scemd to b restricting gen
eral demand, Notwithstanding which Of
ferings we're We'll absorbed and the
market. ruled steady around the opening
figures The close was quiet. net UNI
changed to points lower. Sales were re
ported of IS. $50 BAGS. including March
at sos; May. $50; July. 6-45d6-50: Septem-
Der. 6-65; December, 6.sJ06.s0, February,
695
Sugar-Raw. weak fair refining. AZ;
centrifugal 90 test. 5; moIasses sugar. "A
Refined. quiet: No. g. 5.45; No. Z. $40; No.
S. so; No. 8. 5.25; No. 10, SO; No. II. $40;
No. y, 5.O5; No. 13 AS; No. Il. 40; con-
fectiOners' A $50; mould A. $50. cutlOaf.
$50; crushed. SIS; powdered, 6.15; granu-
lat ed, Sos. cubes 6. 40
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
MINING STOCK EXCHANGE.
6utier-liberal and Silver Shield the
Best Actors of the Week.

ne pulse OF the local mining stock
tNchdhge has been Intermittent during
the week and the latest diagnosis OF
me profession is that the institution
DIV careful nursing, will yet escape alb
squire dissolution. During the week a
ing value Of which was 500. 232 q ohan0ed
hands. This is nearly 900 shares more
the amount Of money involved is abo,,f
5000 greater
Most interestfn. Of the tevelouroar,ta
in the market have been the sharD -
Eances ia Butler-LiberaI and SilSer
shield and. strange as il may annesr
70 those Nersed in the peculiaritles az the
local exchange, the advances have hes,,-
apparently, due entirely to favorable re.
ports from the mines of these comDantes
ordinarily report of improved condi-
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
Metal M arketS.

New York, March U.-There WAS a gen
orally quiet trade and no material change
in the metal markets today Tin contin-
ued firm al .. 25Gi29.55.
Copper was quoted at 15.371sa15.50 for
lake. IS. 25015. S71k for electrolytic and
14.S7lzGl5.2 % for casting.
Lead quiet at 445GL4-60 and spelter
steady at 6.1O6D6.15.
Iron remained firm at recent prices.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12

Boston, March 1.-THE entire market
conferred in Copper Range. which was
bought in enormous amounts. advancing
IA points from last nights close. an adj
vance of Z points in two days The bullish
advertisements on Range. which were is
sued in the daily pa pers this morning,
resulted in great amount of public buy
ing which was sustained throughout the
entire day. All the other coppers re-
sponded to a slight degree. especially
United states Mining. which was heavily
bought Tor New York account. The Drfee
changes in the rest of the list were rather
unimportant, but the demand for copper
is rapidly increasing and We confidently
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
Regarding Relocations.

Frisco Utah subscriber queries as
follows: IF A. q and + located a claim
and r sold to and G his interest in said
cialn, was away from the place for five
years and. returning. found no assess
ment work done for the last two years
could relocate the same in his own
nance"
Yes most certainly. The United States
mining laws require that 500 worth of
work must be done every year following
the one in which a location is made
otherwise the ground reVerts to the gov
eminent and stands Just as though IL
never had been lOcHfad
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
Money, Silver, Etc.

New York. March u--CIose: Money on
call. nominal: no loans Time loans easy
SIXTY days and ninety days. S03A per
cent: six months. 3I4m31k per cent
Prime mercantile paper, S2t64!a per
cent
Sterling exchange. steady. with actual
business Ia bankers bills at 4 S6S01I4 S6S5
cor demand and at 4S470G4S $40 for sixty
days.
Posted rates. 1851 and 4STl5.
Commercial bills. 4S5i40 4S51..
Bar silver 5SSs
Mexican dollars. 45Is
Government bonds. steady. railroad
bonds. steady
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
treasury Statement.

Washington March u.-Today's state
ment of the treasury balances in the gen
eral fund. exclusive of the $50 600. 900 sold
reserve l.: the division of redemption
shows: Available cash balance, $142 335.
rs; gold, So. 9O7. 1886.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
Utah Stocks in Boston.

James A. Pollock & Co. bankers and
brokers, yesterday received over their
private wire from Paine. W ebber &. 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.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
Sheep-Receipts, none.

South Omaha. March u.-Cattle-Re-
ceipts 100. Market. unchanged.
Hogs-ReceiDts. $500. Market. steady.
Heavy AS5u5O0: mixed, 4.S5Tt4.90; light.
1. 75d4.90; pigs, 3-75@4.T0; bulk of sales,
4S212IA90.
Sheep-Receipts. none. Market. steady.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
Nevada Stocks.
Yesterdays Sales.

May Day. 5C0d13c: 5OOd13Lc.
Silver Shield. 1,5OOGl9c: 50OG 1Sc: 5O0q
1S5zc.
Uncle Sam Consolidated. 500d291Ac; 50OD
Doc; 500t30c, seller 20 days.
New York. IO0,Q5OSaC.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
LIVESTOCK MARKETS.

Kansas CITY. March u.-Cattle-Re-
ceiDts 300 Market unchanged Native
steers. 4.OOd5.75: stockers and feeders. 800
G465; western fed steers 4.0005. 25; west
ern fed cows. 3.O064.4O.
Hogs-Receipts. 5000. Market. 5Gf0c
higher Bulk oe sales. 4.90d5.G5: heavy.
5.O005.O1l5; packers. 490fI5.O5; lights, ALSO
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
Metal Markets.

Silver, $3.50 per ounce.
Copper (caSting). 14Ihc per pound.
Lead, in ore, $3.50; New York. $4.45 per
100 pounds.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
Pacific Coast Grain.

San Francisco March II.-Wheat-
Weaker. May. lisa. December 1 2Tl@
Barley-Weaker May, 1.2214 December.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
Open Board.

$40 Ajax at I3c.
10 DaIy-Judge at S6.371z. seller 10 days
1000 Little Chief at 2zsc-
1000 Little Chief a &c.
1,500 Shilver Shield at 1Si4c.
1000 Silver Shield at 1SC.
500 Silver Shield at 17zsc.
500 Silver Shield at 1712c.
900 Silver Shield at INC.
500 Silver Shield at 17lkG
Shares sold, Is. 61O.
Selling value, 81 202. %.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12

expect to see a repetition of the ire
mendous speculation in copper stocks
which we had several years ago. QUO
tatiOns:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
Tonopah-ooIdfield stocks.

james A. Pollock & Co. furnish the fol-
loving as the closing quotations on the
San Francisco exchange yesterday, over
their private wire:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-03-12
Bond Quotations.

sales for the day. 9l3,7O0 shares.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-01-01

Development work consisted Of labor
on the f0O-foot level and in sinking
the main s1nSle-compartment shaft and
nanway 200 feet below the 7OO-fOOt
level. InasmIch as this work was done
alongside d FOOT streak of high grade
ore running from $40 TO $50 in values.
and that the vein runs from thirty to
forty feet in width, il is apparent that
excellent progress has been made. Then
when one thinks that at least 20. 600
tons of lOw-grade ore has been ex-
posed and broken on the 150-foot level
and that there is a large amount Of
low-grade on the lower levels that viii
average - % the ton, net he must
admit that the Carisa management has
not been idle a new hosting plant
was installed during the year and a
number of surface improvements were
made. a tunnel was driven into the
mountain from the Carisa. the purpose
of which is 20 connect with the $50
the sale OF ore taken out under. leases
have been more than enough TO pay
for the new development work.
Conditions At the Carisa are a great
deal better ,han they were. and the
outlook for 1905 is d bright one. IL
should not he forgotten that at one
time this mine vas a dividend payer,
but that it was permitted to run
down, or was run down SO that. sum-
ming up the facts. as an attorney
would say. The outlook for resuTp-
ton of the payment of the Old-time
distributions IS exceptionally rosy
Then there is the Silver Shield. at
Bingham. Everybody acquainted with
the history of Bingham mining has
heard Of the property, but beyond the
fact that they nave seen its stock
prices markad on the boards, none of
thenr-Or very few Of them-have any
conception Of the magnitude Of the
work done during this year Of grace
just closed. But since Joseph assumed
the active control and during the past
twenty-five months a tunnel 900 feet
long has been run into the hill in eN-
plOratiOn wOcK. and quite recently the
tunnel at a depth of 500 feet, encCun-
tered a assure that is the marking
point of some ground that is going to
prove interesting On account Of
large flow ,)f water no attempt was
made to raise on it. but conservative
estimates show that the mine can sup
ply the markets With a large tonnage
of ore daily, the same being Of espe-
cially good values. and the cost OF
treatment beng very light A second
fissure was cut on Nov. p about hIJE
feet ahead # the first, upon which an
uprafse viii be run. while il will be
cut with drifts in both directions
The holdings of this property COM
prise about SIXTY acres and the assess
ments levied for development work
have been econ )mically expended, ana
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-01-01

with an eye single To getting every bit
or good out IF every dollar Invested
Inc tunnel is one OF the finest ever
drlVen IN the hills of Utah An cleo
trlcal system for the hauling Of ores
is employed. and such is its nature
that the additions demanded i'm future
can be made AT a minimum cost.
rms company mas had its ups and
Gowns IN times past and there have
Deen times when its future parroo< Of
nothing that appertainS 20 the dawn
ing of pleasant morning in a nice
country, but on The contrary savored
Of the nature OF a stormy night in q
rough climate Located as il is next
10 the holdings OF the United States
Mining company, il is fair To presume
that its ground partakeS in large
way OF the same nature in values as
its more O7uIent neighbor-
Extensive development work is al
ready being planned for the campaign
OF 1893, and il is expected that ere
another New Year rolls around the
Silver Shield VIII have established a
record for Itself that VIII De gratifying
to its stockholders and to its manage
ment alike.
Then there = the United Bingham
mine. closely adjoining. in which Mr..
Joseph Is also manager. Unlike the
Silver Shield, this property has been
more of Sele-@EstaiRiuS proposition.
In short, the mine has been running
itself and adding IN a small but sub
Stdntial way 20 lis surplus 1t has
about $4,000 Orth of ore blocked out
and Shipm cots Of q carload a month
nave been and are being made to the
valley smeltars- That the ores may be.
handled more Cheaply arrangements are
being made To use the tunnel of the
Silver Shield and for that purpose
cross-cut of from $50 to 800 feet viii
be run TO connect the two. BY cutting
the vein at This point new stopping
ground Of from 200 to 500 feet viii be
opened.
The value Of the ore now being
shipped nets the company from $50 to
$40 per ton
Harry Joseph is practical mining
engineer, a civil engineer of long eE-
peTience- He has G knowledge of cleo
tTiCal ana mining engineering. and in
addition a whole tot of common sense
He is a politician because he likes the
game. and IS member-eleCt of the
incoming mousse of representatives Of
the state Legislature He is intense in
his manners and habits. and is charged
with energy tnaU he uses to good ad-
vantage, not only TO himself. but his
associates - MIN il due i'm d great
degree the past successes and the fu-
tUre prospects OF these mines, and those
who know them freely predict that the
time is not far distant when ali three
viii be among the substantial dividend
carriers of Utah