davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
LEE GL0CKNER ON ELY.

Lee GlockneT. secretary of the Ely
investment company. is over from Ely
on business that will keep him here
until tonight. when he leaves for home
again. He reports that balmy weather
prevails at camp and that everything
is on the hum.
I'll tell You that the Nevada Con-
Solidated company is making the fur
fly" said Mr.. Glockner. TT looks like
business to see the army of men that is
being employed at the new smelter and
millsite doing things. Materials of all
kinds are being delivered on the ground
and buildings for the accommodation
of everybody employed are rapidly
nearing completion. On the trains go
ing i'm it is possible to see steam SHOW
els, donkey engines, and a world of
other kind of stuff passing over the
rails, while at the camp itself it re-
quires but a glance to see that Manager
Pope Yeatman is rapidly getting every
thing down TO system
Much could be said about doings at
the mines of the camp. but | have not
time to discuss the subject. Suffice il
to say that no one need worry over
what is going to happen at Ely. Not
day goes by without important news
coming from SOME properly or another
We are not dealing in hot air at Ely.
1t is unnecessary. The best buyers and
the best supporters of stocks i'm Ely
companies are Ely people, and before
the year is very OLD we expect to have
Gfrect wire connection with New York
and an exchange of our own in opera
ton. This wire service will include
Goldfield, as we'll as Ely. and the prop
osition is now being attended to by rep
resentative men in the east
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
EXAMINE SOUTHERN MINES.
Eastern Parties Are Sizing Up Prop
critics in New Camp Near Modena.

Modena, ID &c. 26.-J. S. Grow of Salt
Lake city arrived here today, accompan-
led by DIR. c. F.. Watkins and Claude Wat
ldns of Boston. Mass and Erdine Cove
OF New York City. The party Immediately
left for the new camp of Indigo. north of
Modena, for an inspection of the Indigo
group of claims. which property ii is
stated. will b<caken by the Amalgamated
copper Mining company. of which the
above gentlemen are officers and stock
holders The Indigo group has been under
development for some time and the show
Ing SO far made is very flattering A
very good quality of copper and silver ore
carrying small gold values having devel-
oped in one shaft, and very promising
vein OF carbonate of lead ore having de.
VeIoped in another shaft on this property.
The Finance Mining company, of which
X. c. Lund, jr., is an officer, operating
four miles south of Gold Butte, New has
started in on campaign of active ex-
ploration of its property
The Gold Butte Mining company, operat-
ing at Gold Butte, is said to be reaching
out for additional ground and has taken
an option on what is known as the Cox
group of claims reaching to the Colorado
river, and reported to be very promising
property
Work on the Desert Wonder group of
claims at MOdena is progressing satisfac-
torily and the indications point to higher
gold values. The fact that free gold is
being panned fully five feet from the face
OF the vein in a shaft nearing the thirty
foot mark. indicates in the minds of the
owners that the vein some forty feet in
width, when cross-cut, will not prove dis
appointing.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
Financial and Commercial
NEVADA HILLSlSTRKE.
Five Feet of $500 Ore Opened Up in
No. Tunnel

According to the Fairview News, one If
the most important strikes ever made in
the Nevada Hills property has just been
recorded. The paper says:
Tunnel No. 5, which is Immediately be-
low Tunnel No. 4, has come in with five
Ieet or very rich ore at a depth of 40
feet on the vein; this gives 40 feet of
backs, as against 50 feet heretofore de-
veloped. and another stope from which
hundreds of thousands of dollars will be
taken The average sampings from this
new body of hign-grade run 800 per ton,
and quite eclipses any body of ore yet
broken into in point of tonnage that il will
yield, and the returns il will send back
from the smelter. 1t is almost absolutely
necessary to visit the property and ex-
plore the surface of the vein that crops
for 600 feet in order to readily under
stand the significance of developing 40
feet of backs there. If ii were a milling
seven men who own 100000 shares of the
Nevada Hills stock, but with the returns
that are being had from the class of ore
that is being sacked in six different places
on this bonanza. it is almost beyond the
comprehension of man to realize the
amount of wealth that is in evidence.
1t is known that in declaring a Decent
dividend the management left more than
twice that amount intact in the treasury
while there is more than ten cars of ore
sacked at the mine and in transit. which
VIII bring returns sufficient to make "A
$4,000 dividend look insignificant. as COM
pared with the output that is possible
We must remember that most of this ore
has been taken out in exploration and de-
velopment work.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
IMPROVED TONE
IN WALL Street
Evidence of Pressure Lacking
and Prices Went up on Small
Volume of Business.
FAIRLY BU0YANT FEELING
OUTLOOK FOR MONEY MUCH
BETTER.
FAIRLY BUOYANT FEELING

New York, Dec. 27-The supply Of stocks
offering in the market today was scanty
and the demand, though not notably large,
was sufficient to lift prices. Where the
buying was in any considerable volume
or at all urgent in character the advance
In prices was fairly buoyant The alb
ssnce or any pressure to sell stocks was
the most distinct characteristics of the
Jay market and it was this that gave it
Tue dull and strong tone In spite of the
near approach of the January Settlements
ana hlgher range for cali loans than
was secured yesterday there was no sign
OF necessitous liquidation Borrowers
were able apparently to secure facilities
az the rates asked and were willing to nav
on the market
The resumption of trading in the LON
don stock market after the HOLIDAYS
seemed TO be in favor of higher prices for
Americans, as considerable advances were
scored scored there before trading began here.
Inc responsive opening here in fact
proved more inviting to holders of stocks
that theer was considerable selling to re-
aiize and a setback in prices The re-
proved so inviting to holders of stocks
that there was considerable selling to 70
cent depression in the market All the
transcontinental railroads were strongly
bought There also was a decided upward
ll noseI,lent IN Reading: There was
look 0u1
: IL was argued that the likelihood of n
violent furry at the end of the wear is less
nearer the approach made TO that period
with the tranquility of the money mar
ket maintained Today was the final for
the payment of the 5000 coo subscriptions
to New York Central stock. II is believed
that this sum when paid to the treas
ury of the railroad will become immedi-
ateiy available for temporary use i'm the
money market and so help to tide over
the year end demand. A feature of the
day was the decline in the open market
discount rate in London. notwithstanding
a week return both by the bank og Eng
land, the bank of France and the Imperial
bank of Germany. A further decline i'm
foreign exchange also broadened the pro-
TIT now admitted to exist on ENGAGEMENTS
of gold in London for import
Local bankers continued to maintain the
opinion that no inward movement of gold
was Immediately imminent The strong
advance in Great Northern preferred
Northern Pacific and st. Paul was ac.
comDanied by declines in the Subscription
rights to these stocks. Whatever the
sources or the motives of the DAYS de-
mand its presence was unmistakabIe and
was well sustained. late reaction due
to profit-taKing on the days rise was fol-
lowed by strong closing.
Bonds were irregular. Total sales par
value. 81 SOS. 600
United States new Is registered declined
4 per cent on call.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
JUPITER VINDICATOR DEAL,
Company Officials Inclined to Crit.
else kearns-keith Statement.

Secretary ]. II. Wocdmansee of the
Jupiter indicator company, operating
at Park City, states that President Os-
car Lawrence feels that the statement
Ct Thomas Kearns and David Keith tc
the effect that they had no idea OF TAX
ing hold of the property, or rather the
manner in which it was sail. did the
company an injustice
The Herald has simply given the
news on the subject as it came. A TO-
cal paper published a piece of corre-
spondence from Park City in which 1t
was stated on "rumor'' that Messrs
Keith and Kearns had been making an
examination of the property with a
view of becoming interested" They
were asked if the report was true, and
stated it was not, adding that they had
been offered a chance to take over a
bond on The property by a creditor of
the company, il his account was made
good. This, they considered, carried
carried with it an intimatio1. at leas,.
that the company die not own the bond
on the ground. Under those conditions
they decided not to touch it.
President Lawrence states that the
bond held by him was transferred to
the company on April &c last. and Sec
rotary WoodmanSee vouches for the
correctness of the statement. He saws
that Messrs. Keith and kearns never
examined the mine. and, as the par
ties named make the same statement
there is no chance for argum snt there
Mr.. Woodmansee states also that the
oompany's bond on the properly does
not expire until next April; that the
mine is producing good ore and that
shipments will be made from 1t at H.
tervais of greater Frequency than HI
the past. No one representing the con..
pany, Messrs. Lawrence and Woodman-
see state, has ever approached Messrs
Keith and kearns with overtures of
any kind, and as Keith and Kearns
have not claimed they did. it is hard
to see where any injustice has been
done on that score. All there is to TIE
business is that some one tried to make
1t appear that Keith and Kcarns had
been examining the property with
view to getting in, and Keith and
Kearns simply told what had happened.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
FEDERAL PATENTS CLAIMS.

The Federal Mining company, with
property in Beaver county, is getting
down to genuine business. Application
for patent on nine of it's claims has
just passed the publication period with
out protest, and the money for the pur-
chase of the ground from the govern
ment has been paid to the receiver of
the land office. This is equivalent to
patent. and the company will now go
to work i'm earnest.
At recent meeting of the directors
$4,000 was set aside for the further de-
velopment of the ground and arrange
ments are being completed to get things
under way by the 18th of the coming
month.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
Metal Markets.

New York. Dec. 27.-There was sharp
decline in the London tiH market, spot
closing at G19f IS and futures al G194 los.
Locally the market was weak in cOns6s
quence. with spot quoted at 4. 30d42 So
Copper was los higher in the London
market. with spot quoted at Gl07 IS and
futures at clos lbs. Locally the market
continues firm and shows an advancing
tendency in spite Of the higher level al
ready attained by prices. Lake is quoted
at %. 5Od24-C0; electroEtic at .. 25d23 rs,
and casting at % 00Gf&s-5O 30.
Lead was unchanged at 600G6. . in the
local market The London market was IS
cd higher at eco.
Spelter was higher IN London. closing
at G2S % cd Locally the market was
firm but unchanged at 6.60d6. 20.
Iron was unchanged in the English
market, with standard foundry quoted at
Sis Cd and Cleveland warrants at 62s 11izd.
Locally iron was unchanged. No. l fOun
dry northern is quoted at 25-25d26 %; M.
foundry northern at "A. 1925. 70; No. 1
foundry southern at .. soar so: No. z
foundry southern at 25.00d27.00
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
GRAIN AND PROVISIONS.

Chicago, Dec ga considerable dc
crease in the worlds available stock OF
wheat impaired strength today TO the
local wheat market, the May delivery
was up 4 Oats showed a gain of g.
Provisions were 10 to 2215c higher.
Trading In wheat was very quiet pre-
viouS to the posting of the worlds Wis
ible supply statistics, but when it was
known that the supply as shown by
els, compared with an increase of 2,664,t0o
last week, shorts commenced to cover.
Offerings at the time were not liberal,
and this caused a firm condition in the
market. Weather conditions were ia
vorable for the growing crop. Country
offerings from the southwest were re-
ported as being more free than for sew
erai days The market closed firm, with
prices at the highest point of the day.
May opened a shade higher at IFS. sold
off. to 7% and then advanced to 1874,
where it closed.
Trading in corn was quiet and prices
were firm all day. Wet weather through
out the corn belt and small local receipts
were the chief sources of strength The
close was firm MAY opened Is to 1AdLc
higher at 4311n433s to 1895, sold between
49, and 49iz and closed at 43ss643izc.
The estimate of a trade paper that the
total crop of oats in the United States
figures announced by the government
caused a firm market and strong close.
May opened a shade to Il higher at 1915
ass to Sc, advanced to S614, where it
closed.
Sentiment was bullish in provisions
trading was large At the close May pork
was up liz to 2217c, lard was 15c higher
and ribs were up 15c.
The leading futures ranged as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
Mining Notes.

Ernest Bamberger expects to leave for
Ely, New. tonight TO look after matters
at the Ely-Witch property
j.. M. Reynolds, caller on the mining
exchange has returned from a several
weeks eastern business trip.
1t is reported that the control OF the
Bristol Consolidated company. with mines
in the Bristol district. out of Ploche, has
been sold to a New York syndicate.
p ]. Donahue manager of the Talisman
properties. in Beaver county, accompanied
by Secretary ]. w. Stringfellow, will leave
for the south tonight to size up condi-
tons at the mine
The City Rocks company has about
that is worth $500 Fifty-four tons more
is at the lower terminal of the Continental
tramway ready for hauling to the sam
pier.
The Seven Troughs-Vernon Mining COM
pany which has been making such fine
showing In the Seven Troughs district. has
opened branch office here in the Scott
building. Main headquarters OF the COM
pany is at Lovelock, New
A letter from w. ]. Wallace, manager
of the Hartford Nevada company's prop
critics at Cherry Creek, states that g
genuine boom is breaking out i'll that
camp and that the coming season Will
witness all kinds of sensational stunts III
a mining way.
Frank A. Bird, who has been in the
assaying business at Park City for a
great many years and who is as wen
known to the miners there as is the To-
cation of the Ontario mine; has moved
to Salt Lake and will, with a partner,
open ASSAY offices here.
Carl Nelson who, with others, is operat-
ing the Yellow Boy and Silver Bell prop
critics in American Fork, was IN Irom
camp Yesterday. He states that work is
being pushed at a, great number of prop
critics in the district and that it Will con-
tinue steadily all winter he has no DOUBT
The ground he is operating is a lead-si-
yer pf>sSpssition and that il is developing
in saS1ofaetory manner.
Phoenix .publican:-Ti title 10 an u
of five claims, located in the Big Bug
district. about four miles south of Mayer.
L. p. NelHs of Turkey Creek to George b.
Weaver of Salt Lake City. Mr.. Weaver
is making preparations to commence the
development of the properties and Is also
organizing a company, to which the title
will be passed later.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
RICH STRIKE IN
MOUNTAIN LAKE
Sensational Rock Encountered
3. in Face of the Steamboat
~ Tunnel Workings.
MANAGEMENT Is CAUTIOUS
BIG COTTONWOOD Co, ADJoIN-
ING, HAS 1T BIG, ALSO.

Ore carrying 20 per- cent copper and
also free gold has been encountered in
The face of the 2,50C Lfoot Steamboat
tunnel of the Mount; en Lake Console
dated Mining compaI n at the head of
Big Cottonwood cany on, and it will Tot
be violation of con idence to say tLat
disclosures of the utmost importance
have just been made, also, in the prop
critics of the Big Cottonwood Gold II
Copper compaI VS. ground, adjoining.
Manager Nicholas Treweek could not
lie persuaded to say much about the
latter strike, more tt an to acknowl-
edge that the tunnel was showing up
some good-looking stu if. but better sue
cess ATTENDED the effort TO learn what
had happened at the Mountain Lake
1t seems that just as the men were
quitting work TO take their Christmas
vacation q round OF holes was fired in
the face af the tunnel, and when the
smoke had cleared away it was found
that one corner Of the drift disclosed
the ore A cigar box full of the rock
was gathered up il order that it might
be taken out and showed to Uncle
Jesse knight. president and general
manager of the company, at Provo.
Not a tap has been done in the tunnel
since, so it is not yet known what the
strike is goins to amount to. 1t was
expected that the men would get back
to the mine to resume work yesterday,
30 farther dG ails may be expected
soon. 3. F. Grant, the company's
Salt Lake repr eseR tative. was asked for
information &C ucerning the strike last
evening and he said:
Strike Is Verified.
81 have Just returned from Provo.
and can verify ne news that rich ore
was struck, but what the strike will
amount to no one tan say as yet. The
rock was tested 70 copper and found
10 carry 40 per cent of that metal.
Free gold was to be seen i'm the ore, and
Mr.. Knight sent the samples brought
down to the assayer at the Beck Tun-
mel companys mine in Tintic for for
nal assay. l expo ct to learn within
a day or two just what the gold ana
silver values in the rock are, and then
l shall be pleased to let you know.
For thirty or forty feet back of the
point where the ONE made its appear
ance, the ground was highly mineral
lied with iron and some little copper
but it is about 400 feet from where it
is expected to cut the big contact
ledge. and no strife was anticipated
Several stringers a nd small cross-fis-
EuTes have been encountered I'm run
ming the tunnel, and there is strong
fssure on the surfa &c at a point that
would correspond with the point
reached by the tunnel, 1000 feet be-
meath the surface. Mr.. Knight was
anxious that too much reliance should
not be placed in what this strike may
amount to. He does not wish 10 con-
ceal real news concerning the condition
o. the property. but he considers it too
early to make claims for this disclo-
sure. 1t may prove to be nothing more
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
MINING STOCK EXCHANGE.
With Exception of Slump in Silver
King Market Holds Stronq.

Barring the diaheartening slump i'm the
price of Silver King, the local mining
stock market is presenting a strong front.
Business is holding good for thhe holiday
season and the mines are backing up the
prices made on shares representing them.
Silver King sold yesterday afternoon at
81 share or on basis of 81, 900 for
the mine. Less than twelve months ago
the stock was selling for $50 a share. But
Silver King is different from most prop
ositions- The bulk of the stock is closely
held and the market has never been both
cred by the inside interests, which have,
apparently, not cared whether the stock
was at 81 or 800. so 1t has absolutely no
bearing, nor does it in any way exert an
influence on other stocks.
During yesterdays trading, regular ard
open board calls, total of 43, $50 shares
of stock, with selling value of $50, cS1.
changed hands. the list of closing quota
tions and record of sales made being as
follows.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
Ore Region Being Entered.

The fact remains that the tunnels
face has now entered territory where
surface work has demonstrated that
splendid cross-fissures make for the
great contact, which is more than 200
feet wide, both i'll the Mountain Lake
and Big Cottonwood company's ground,
as well. That much was acknowledged
both by Mr.. Grant for the Mountain
Lake and Colonel Treweek for the Big
Cottonwood companies. And 1T may
just as we'll be stated now as at any
other time, that two of the biggest cop
per mines in Utah are going to result
from development of the great empire
of ground owned by the corporations
mentioned
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
Utah Stocks in Boston.

Foilowings is the list of Utah and other
stocks traded i'm on the Boston exchange
yesterday. showing the range of prices
and the number of shares sold. Accom-
panying the report, which is furnished BY
James Pollock & Co.. is the market
letter OF Paine. Weber * Co, as follows:
Boston. Dec. 2L-Shannon. OsceoIa
Greene Consolidated and Winona were the
strong features today in our market the
former especially being we'll bought right
up TO the close. North Butte was strong
during most of the session. but toward
the close weakened to 1l0l2 on the fear of
more tight money. Buying orders i'm
Roya1e came from New York and the
present movement looks like manipula-
ton and would take advantage of
present price to hquidate the stock. Quo
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
LIVESTOCK MARKETS.

Omaha, Dec. 7.-Cattie-Receipts, Zoo.
Market active to stronger. Native steers.
3. 75dI6. 25, cows and heifers, 2.50H4. 80;
western steers. 3.25Q5. 40; Gamers. 1:759
2.75: stoekers and feeders, 2.15G4 90;
calves, 100000; bulls and stays, 2.Ooa
400
Hogs-Rec~pA I.00Q~. llArket &c lower.
Heavy 6 O,N-J.ie: wlfxed, e-f650AsN Aaa4,
s.15aS 20: pigs. 5.1sos- 90; bulk ~ ssass.
s. 121zd6. III.
Yearlinrs- s. 5l1e. 10: Vethers. 5.00q5.J0,
ewes. 4.5Od5. Is; lambs. 6-5oq3 30.
Chicago, Dec. 27.-Cattle-Receipts 9,ooc.
Market steady. Beeves, 4.o0G6-S5: cows
and heifers l25d5. Is; stockers and feed
ere . s05i4 60: Texans g. 75fI4 80; western
ers I. a1d5. 40: calves. 6.00G8.00
Hogs-Receipts. 1900 Market 90 lUc
loureT Mixed and butchers. 6.00G6. 37lz f:
good heavy. 6.soa6. IS; rough heavy, 500
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
Coffee and SUGAR.

New York, Dec. 27.-Coffee futures
closed steady at a net decline of 5di0
points. Sales for the day were reported
of $3.50 bags, including: January at $50
$3.50; March. 5.7565. IS; May, 5.95d6 90:
July. 6.10d6 Is; September, 6.25d6- 35. Spot
market steady. Rio Nc. Z. 71sdIA; san
tOs No. t. SQSl4; mild coffee steady; Cor
dova, 9Gt12t2.
Sugar-Raw. steady; fair refining. lis
as 3-32; centrifugal 96-teSt. 9-16a3 1872;
molasses sugar, 13-16d2 27-32; refineG,
steady
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
Open Board.

Carisa-5O0Ge2c. seller 50: f00a64c; 2e0a
65c; 100G65c, seller 60; ], 100d66c.
observation-disclosures 70.
Little Chief-5O6d171sc,s seller 60; 1ood19c
May Day, 00Od21kc
New York-S00G2
Swansea, 00GG37c
Silver king-1006S12. 90
Yankee-500G43c
Lower Mammoth-4OOdS1. 20.
Beck Tunnel-5O0IS1 .s21k.
Shares sold 27.I00
Selling value, s24627 10.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
j.. oBERNpoEFER,
Stock Broker.
Tel. Bell 1872. 161 S. Main St
Seven Troughs-Vernon Mining Co.

Whose headquarters is at Lovelock
New, with mines near the town OF
Vernon, i'm the Seven Troughs mining
district, and represented by Ben T,
Lloyd, has located a branch office at
room 4o1 Scott building. this city. In
dependent phone 1861.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-28
Metal Markets.

Silver, 69a4c per ounce.
Copper (casting), &c per pound.
Lead, $5.S1z per 100 pounds.