davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-31
New York Stock Market.

Furnished by w. b. Hibbs & Co., bant ers
and brokers. 1919 F street. members New
York stock exchange. Washington stock
exchange and Chicago board OF trade.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-31
CURB QUOTATIONS.

Furnished by T.. r. Chapman & Co &C. r
Chapman manager, members New York stock ex-
change -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-31
The World Of
Finance and Trade

Today's Transactions Almost
Complete Reversal.
LITTLE EXPL A N A IlUN
Some Curtailment in Respect OF
Activity.
TRADING IS BETTER AVERAGE
Pennsylvania and Allied Stocks Raj
lied Vigorously-Not Much Atten-
ton to Speculative Stories.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-31
Today's Cotton Summary.

Quotations furnished by Atwood Violet & Co
members New York and New Orleans cotton cx
changes Washington office. No 7l3 14th st. NV
NEW YORK COTTON EXCHANGE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-31

An odd lot of Columbia Title stock sold for
I and a quotation lot of 100 shares could
have been had at slight advance. The
offer was finally withdrawn and the asking
price then became Az with 80. bid
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
Financial and Commercial
general market under the process of reai-

general market under the process Of real
izing.
days movements Of prices. The selling to
realize profits seemed in pursuance Of
the fixed plan of operation entered upon
IN the early stages Of the movement by
the powerful speculative combination rul-
ing that market That is to say, stocks
were taken and held with obstinate de-
termination enough through the 125 per
cent money rate Of December with the
side demand to be stimulated by the sea-
sonable relaxation Of the money market
after the first Of the year. Such de-
mand has been a factor in the market,
but it has failed to reach the expected
proportions, and nothing like the run
away bull market that was hoped for has
developed The palpable fact of the pro-
t1t-taking on the part of the large organ
lzed operators has undoubtedly had its
part In discouraging g precipItate specu-
Iaton on the part Of the general public,
which has been well informed Of the con-
dition Of the market by widespread and
notorious discussion Of the situation. So
far as the remaining doubts over the
money outlook are q factor, it is not be-
cause of any apprehension of such a
squeeze as would force out present hold
erS.
The principal influence in today's money
market was the response to the decided
relaxation abroad. Discounts eased IN
London. Paris and Berlin, and London ex-
change moved up briskly in Paris. This
operated TO prevent the expected profit
on an engagement OF gold in New York
for export to Paris, in spite Of the further
Use in foreign exchange in New York.
Later gold exports are still looked for.
Another item in the situation was. the re-
cOVery in the price Of silver to the Level
at which gold was previously sent to
Mexico from here to take Mexican coins
cut Of circulation. Canadian Pacific and
Kanses & Texas were strong, and Amel-
g3mated Copper made good Roadway
against the weight Of the selling. There
were various other points Of strength
among the railroads and speciaIties. These
proved their sustaining power throughout,
but prices gravitated to a lower level In
spite Of frequent rallies. The closing was
easy after one of these rallies and with
some stocks at the lowest.
Bonds were irregular. Total sales, par
value, 81. SIS, 900.
y. S. Is coupons declined Is per cent on
call
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
NEW U. s. COMPANY.
Capitalized for S75,ooo,ooO-How
Old Stockholders May Get In.

Boston, Jan. 1O-Announcement was
made today Of the incorporation Of the
United States Smelling & Refining &
Mining company under the laws of Maine,
with an authorized capital of $75, 900 600.
The company is formed for general min
ing purposes in the west and will be con-
trolled largely by the same persons who
own controlling interest in the United
States Mining company. Property Is al
ready owned by the organization in Utah
and California. and it is proposed to ex-
tend operations in other states Of the
west as we'll as in the south. There will
be 10000 shares Of per cent cumulative
preferred stock and $50 shares Of common
stock.
c. A. Night of Brookline, Mass, is pres
ident, and Edwin G. RamsdelI of Boston
treasurer. The fifteen promoters all re-
side in Boston or near by.
At a meeting Of the new company for
organization here today an offer to the
stockholders of the United States Mining
company to exchange that cOmpany's
stock for shares Of the new corporation
was approved. For each share of United
States Mining stock Of S25 par value the
offer is three-quarters Of a share of the
new cumulative preferred stock and a
quarter Of share Of new common stock,
totalling $50 In value, and. 81 in cash.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
DIVIDENDS OF
TINTIC MINES
Grand Central, Victoria and Noun
tain View to Make Djstribu-
ton Next Monday.
UNITED STATES NEW CO.
BLAIR MINES IN NEVADA SELL
FOR $4,000.

Three Tintic mines came to the front
with dividends yesterday. The Grand
Central directors posted one for $l2,5O0,
or 8 cents a share; the Victoria decided
to pay $500, or 3 cents q share, and
the Mountain View ordered distribu-
ton of SO, 49,. 81. or 235 cents a share,
on it's 1Se,5OS outstanding shares Of
stock. In each case the books will close
tomorrow, the 18th. and payment will
foil owon Monday next, the 18th.
The Grand Central company has
been adding to its production quite
heavily during the last few weeks, an
indication that the lower levels Of the
property are now getting into pretty
good shape for the campaign ahead.
Little in the way of news as TO what
development has shown in the new
deep workings has been released by the
management for long time, the idea
being to allow the mine TO do its own
talking The Victoria, adjoining the
Grand Central and controlled largely by
the same interests, has been a regular
contributor to the dividend list for sew
eral months, and that fact, in itself,
is enough to suggest that it, too, is
opening up in a substantial way,
The dividend on the Mountain View
comes as a result Of the operation Of
a lease in the property. The stock in
the company is owned principally by
John E. Dubois, while the balance is
held LARGELY in Eureka.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
MAKING A NEW PRODUCER.
Great Copper King In Little Cotton
wood Looks Good.

A contract has just been awarded By
the Great Copper King company, operat-
ing on the south side of Little Cotton
wood canyon, about six miles east of
Sandy and the smelters at Bingham juno
ton. to have the shaft from its tunnel
level pounded down another 100 feet The
work so far done on the property has
demonstrated that a mine is to be made,
and Manager Martin ChristophersOn Is
now determined to get the ledge opened
up at depth without delay.
At the present time there IS 100 tons or
more Of ore on the dump that carries
V lues in silver, copper, lead and gold
ranging from $40 to $40 per ton, and the
exF,5ctatiOn IS that a little more depth
VIII carry the workings into solid bodies
OF high-grade shipping ore The vein IS
about four feet wide. and the develop
ments up 10 date have shown all the way
from six inches to four feet of ore, much
OF which carries UP TO Is per cent copper.
After It has been thoroughly proven that
the ores go to the deep and the values
improve. it is the intention TO run another
tunnel and open the mine for economical
operations in that manner.
The shaft workings bringing the ex-
pected results. the company will build
tramway during the spring or early sum
mer for the purpose Of landing the ores
at the base of the mountain on which the
mine IS located, it being figured that this
will be cheaper all around than building
a road to the mine and having to meet
the extra cost of the heavy hauling over
the steep grade
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
BLAIR MINES ARE SOLD.
Schwab Combination of Pittsburg
Gets Them for $4,000.

A dispatch from Tonopah yesterday
brought the information that the big
Pittsburg syndicate at the head of
which is Charles NJ. Schwab, the steel
magnate, had closed the deal for the
purchase Of the famous Blair gold
mines at Silver Peak, forty miles west
of Tonopah. The price paid is S750,000,
a figure at which the property has
been all fine time held by the John r.
Blair estate of New York, so that fea-
ture Of the deal is no secret.
The old Blair mines were almost as
famous in the early days of Nevada
mining as the COmstOck- They have a
record Of about $1,000. 900 in produc-
ton and are credited with having paid
more than 100000 in dividends. To-
day the mines show hundreds of thou
sands Of tons of milling ore of a fine
grade and it has been nothing but the
litigation in which the Blair estate has
been involved for years that has kept
back the sale OF the property.
Now that the mines have fallen into
such formidable hands, the expectation
is that operations will begin on a most
extensive scale as soon as the plans of
the purchasing syndicate can be round
ed into form. A milling plant Of great
capacity is sure to be erected and the
belief is that a cool S1,O0O,0O0 will be
spent reopening and equipping the
mines and the building Of a reduction
plant.
The sale Of this property, it is IN
derstoOd, was in the hands Of NJ. L.
Effinger, formerly of this city, who has
been quietly at work upon the deal for
many months past. He will undoubted-
~ acquire an interest with the new
owners.
Adjoining the Blair mines IS the Al
calde property, recently purchased by
the O'Meara-LynCh syndicate, a prop
erty that NJ. J. O'Meara spent several
months in landing. 1t has all the ear
marks Of being a strong rival of the
Blair mines and the owners contem-
plate the building of a mill upon it dur
ing the present year. At the present
time ten men are constantly employed
in development work and this force will
be increased as time goes on. Silver
Peak has been on the verge Of a boom
for a long time past and now that the
Schwab crowd has landed the Blair
mines and O'Meara-Lynch syndicate
the Alcalde, It looks as though nothing
could longer hold the old camp back
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
Mines and Mining Stocks

81, 100000 on what it will earn this year,
but on extensive and valuable ore de-
Velopments and plans for a very great
increase in product It will be recalled
mat the company recently raised some
thing over a million dollars to be used
Tor developments, equipment and the
erection Of a large milling plant.
Utah Copper's selling price reflects
the company's future earning capacity.
There are many millions Of tons of valu-
able ore developed in it's mines.
United States Mining stock is ad-
Vanc1ng on the report that q new COM
pany Will be organized to take IL over
that 100000 of new money will be
raised to buy other properties and build
two additional smelters, the plan of the
management being to enter into compe-
tition with the American Smelling &
Refining company
Utah Apex is selling high. on what
1t has so. far developed. Its property
is a good prospect however, with great
possibilities.
Utah Consolidated is fulfilling my
repeated predictions. New York and the
west are buying it. A good deal of
Anaconda is being snapped for Utah in
the market"
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
STOCK MARKET
NOT So LIVELY
Taking Of Profits Very Effective in
Keeping Prices From Get
ting Too High.
Squirt AT THE BEGINNING
REALIZING LATER WITH THE
USUAL RESULTS.

New York, Jan. 10.-There was a fur
Their contraction in the activity of the
dealings in stocks today, and the DISPOSE
ton to take profits was even more
clearly manifested than yesterday. The
profit-taking, however, was conducted in
a very orderly and systematic manner
and without creating any serious disturb
ance OF values. The market still showed
itself under effective control so that the
reaIizlnz was conducted with excellent
success. Prices opened high all around,
the upward squirt at the beginning eX-
tending to a wide margin in some cases
rms was evidently for the purpose Of af-
fording a better basis for selling stocks
and the process was Immediately begun.
This was a striking demonstration Of the
continued power of the organized specu-
la1on to sustain prices. The same force
was perceptible during the day in the eff
tectlve sustaining influences of the mark
ing up of special stocks, which served as
brake on the downward course Of the
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
MINING STOCK EXCHANGE.
Several Stocks Showed Advances and
the List Generally Is Strong.

Ajax, Carisa7 May Day and New. York
Bonanza were all stronger on the min
ing exchange yesterday and the rest of
the list held its own. Trading was quite
~ fIv rel as indicated in the transfer Of
Little Bell did business between s455
and S485, the ffnal cash sales being at
$.75- Columbus Consolidated appears to
Eagle & Blue Bell continues in demand
at about S1.91. Daly-Judge sold at $3.50,
and Beck Tunnel held around the soc
mark. Carisa opened stronger than it
has been for some time past, around
241zc, but liberal offerings at the close
were in evidence and 500 shares went
at Ac. Lower Mammoth was started off
slipped back to 4115c, though the impress
sion is strong that the stock will reach
a higher level before long.
Following is the list of final quota
tons and record of sales made;
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
GIBRALTAR DEVELOPMENT.
Salt Lakers' BuIlfrog Mine Is Turn
Inq Out Well.

In the neighborhood Of 500 sacks Of
high grade ore are piled up at the Glib
raltar workings, half of which is at the
mouth of tunne! No. and the other
half at No. 3. The poorest Of this ore,
Superintendent Nelson thinks, will not
run less than 800. while much of it will
run as high as $500, the average being
estimated at about $500, says the Bull
frog correspondent of the GoIdfield News.
It was the intention to build a road
way up to the ore sacks. In fact the
work was started the other day. but the
WOrkmen ran into a new bunch OF min
eral, and the superintendent transformed
the graders into miners, who are sink
ing instead Of grading.
No. level, on the east slope of Bo-
nanza, is in 315 feet. Tunnel No.
?, on the south slope has 90 feet Of
ore, and Mr.. tunnel is in 175 feet
of ore.
An additional working force has been
engaged to sink a 5OO-foot double com
partment shaft on the Diamond Hitch
claim of the Gibraltar group
The mine has been equipped with a
gasoline air blower, and pipes will be
so placed as to supply good air to all
the workings.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
OFF FOR EAST BUTTE MINES.
ComPany's Consulting Engineer Goes
Through on Way From Coast.

James w. Neil, consulting engineer for
the East Butte company, came in from
the coast yesterday and left for the north
last night H stated during the interval
between trains that while he would not
know Just what was up until he reached
camp, he rather expected that the lOca-
ton of operating shafts, the building OF
works and installation of machinery
would be among the matters that he
would be required to take up on this trip.
That proving true, ne Will probably be
compelled to remain at the properties for
some little time.
Mr.. Neill states that the East Butte
cCmpany'S properties are full Of merit, q
fact that the company will not be a great
while in fully demonstrating after equip
ment is provided and work begins in ear
nest He will remain no longer at the
mines than necessary, as a placer propo-
sitiOn Of his own in California will de-
mand much of his attention as soon as he
can get around to it.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
San Francisco MinInq Stocks.
Mining Notes.

Two cars of ore from Tintic, two from
bingham and one from Alta were re-
ported at the Pioneer sampler yesterday
morning
The Silver King company's regular
monthly dividend of 100000 went to the
shareholders in that famous bonanza
yesterday.
The Taylor O. Brunton sampler yes
terday released seven cars of ore from
Tintic, four from Nevada and two from
Bingham
His business on this end of the line con-
GUIDED, Frank z. Swindler. general man
ager OF the Banberger properties at De
Lamar, leaves Tor camp again today
Secretary George w. Lambourne Of the
Daly-Judge went out to the Park yes
terday to discharge the December pay
roll and note how the mill is doing its
work.
The new test mill Of the Boston Con
solidated is now having its initial try-out
and Engineer A. J. BEETLES is spending all
OF his time at the plant taking a hand in
its adjustment.
Kingman Miner-ColoneI H. G. Heffron
Of the Gold Road company has rented an
Ottce and Will look after company affairs
IN kingman. It is thought that this move
lnolcates that the company is to install
its big electrical plant at this place.
r. L. Edwards, superintendent of the
City Rocks oompany's Alta mines, was
down from camp yesterday He states
that if weather conditions are all right he
will be able to commence shipping ore
from the property within couple of
weeks.
Manager NJ. ]. McGiI, of the New York
bonanza, who came down from the Park
to attend the meeting of directors at
which the &c assessment was levied, re-
turned to camp yesterday morning. He
is sanguine of the future, as 1t relates to
the New York, but is not making Dredic-
tons as to when the mine will have been
fully proven up.
During the next two or three days the
engineer selected by the Buckhorn Ore
company to handle the properties will
arrive and take charge of the work that
has been so splendidly looked after tenn
porarily by Engineer E. p. Jennings. The
latter is spending a great deal of his time
at the mines and 1t is said that the ore
bodies are responding marVelOusly to the
line Of development that he has been
carrying through. The three cars of con-
centrates that were made in the test run
at the Ophir Hill mill are understood to
have netted close to 20 a ton, but owing
to the continued absence of Manager
Jennings it has been impossible to get
any details on the result Of the tests
made.
Boston Commercial BulIetin-A stock
which has come into a fair share of at
tentiOn on the lOca- curb during the past
few days is that of the Eagle q Blue Bell
Mining company. The company has 250,G
shares, par 81, of which 1000 shares are
owned by the Bingham. The property aG-
joins the Centennial-Eureka mine on the
L. S. Mining company and has steadily
been developing greater values as the re-
suit of the expenditures aggregating $780,
~ by the Bingham company. TIE latter
regards the property as one of the best
acquisitions 1t has ever made, as is
proved by the fact tat they were will
ing to buy $1,000 shares of the stock at
close to 81 per share.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
M etal Markets.

New York, Jan. 10.-Stin another ad-
vance was reported in the London tin
market, and spot closed at 9165 los, and
futurs at G165 lis Cd. Locally the mar
ket was firm and higher, in sympathy
with spot quoted at 36.55G3675.
Copper was lower in the English mar
ket, closing at 279 lbs Cd for spot, and e7f
for futures. Locally the market was I'M
changed. Lake and electrolytic are quot
ed at 1S.75Q1900; casting, 1S-371a@1S.S71z.
Lead was 6s Sd lower, at eli, in Lon
don. Locally the market was unchanged,
with quotations ranging from $50 to 500.
Spelter advanced TO R29 5s in the Lon
don, but remained unchanged. at 6..50d
$50, locally.
Iron closed at 53s 6s for standard foun-
dry, and at 55s Sd for Cleveland warrants
abroad. Locally the situation was IN
changed, with prices firmly held. No !
foundry northern, 1S.75119. 35; No. foun-
dry northern, 1S.55q18.S5; No. l foundry
southern, 1S.5OG1875;, and No. 2 foundry
southern Is 00GJlS d
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
GRAIN AND PROVISIONS.

Chicago, Jan. 10.-The market was firm
during the first hour on reports Of high
er prices at Liverpool and statements
from Argentina to the effect tina THE
movement Of the new crop was delayed
by wet weather Small receipts in the
northwest also encouraged the bulls.
After May opened unchanged to a shade
lower at S724 to S734Q877s, the price was
bid up to 1914 before offerings were made
in any great volume. Then SS4 was
reached cash houses sold vigorously and
commission houses supposed to be act
ing for leading bulls put large quantities
Of wheat on the market. This brought
about a reaction and May declined to
679s@8715. Later part of the loss was
regained on covering by shorts. The
market closed fairly steady with May Is
lower at EA.
Small local receipts, light acceptances
and firm cables created a firm market
in corn. May closed at 45 q gain of Il.
Trading in oats was quiet. May closed
unchanged at 32A.
The provisions market was firm for the
greater part of the day. At the close
May pork was up 10qd21a. lard was up
21H65 cents and ribs were 5 cents higher.
The leading futures ranged as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
Money, Silver, Etc.

New York, Jan. 10.-Money on call,
firm, 506; ruling rate, 81; closing bid, 8;
offered. g. Time loans steady; sixty and
ninety days, 51z96 per cent; six months,
514q51& per cent.
Prime mercantile paper, 5Q5& per cent.
Sterling exchange strong; closing cas-
Ter, with actual business in bankers
bills at 4S66SG4. 1865 for demand and at
A. S256I4. 1880 for sixty day bills; posted
rates, 4S315d4S4 and 4S7q4.S712; CONNER
cial bills, 4S27s6I4S3
Bar silver, 651z.
Mexican dollars 50A.
Government bonds, weak: railroads. IT.
regular.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
TIDAL WAVE ANNUAL MEETING.
New Officers and Directors Chosen
and Mine Conditions Explained.

Provo, Jan. 10.-At the annual meet
ing of the stockholders of the Tidal
Wave Mining company the following Of
ficers and directors for the ensuing year
were elected: James Pierce, president;
William A Pierce, vice president; b F.
Woodward, John Z. Beck and Harvey
Cuff, directors. II. F. Thomas was
elected secretary and treasurer.
The condition Of the property of the
company, which is situated about three
miles south Of Provo. is most promising.
The development work is now being done
in ore, both in the tunnel and the shaft.
to do 200 feet Of new development work.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
Utah Stocks in Boston.

James A. Pollock & Co., bankers and
brokers, yesterday received over their
private wire from Paine, Weber &. Co,
one Of their Boston correspondents, the
record of sales of Utah stocks on the
Boston market. with range and closing
quotations:
Boston, Jan. 1O.-The market was very
dull and showed no feature OF interest
with the exception of Shannon, which
was heavily sold at SIS. The market for
North Butte was good, but one house
sold 1900 shares around IS and this pre-
vented any rise in the stock. New York
is still a buyer Of Old Dominion and pre-
dictions are freely offered that the stock
will sell at 80. Quotations:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-11
Coffee and SUGAR.

New York, Jan. 10.-Coffee-Spot RIO,
steady; No. invoice, 3-16; mild, steady;
Cordova, 924@1234. Coffee futures closed
sales were reported Of G., 900 bags, includ-
ing February at 6.70G675 March, $3.50
SIS; May. 6.9O@7.OO; July, 7.05QZ1O; Sep
tember. 7.20Q725; October, 725; December,
7.3567.4O.
Sugar-Raw, firm; fair refining, 8 $3.50
az; centrifugal. 96-test, 1-1663%4; molas-
ses sugar, 2 1868; refined, firm.