davidaulloa/AmericanStories huggingface dataset:
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
REAL ESTATE TRUST co.
OF PHILADELPHIA CLOSES,

Philadelphia. Aug. 2s.-The Real Es-
tate Trust company closed its doors
at 2:25 this afternoon. II was the Sec
ond in point OF standing Of the Phila-
delphia trust companies. II has cap
ltal and surplus OF twenty-five hundred
thousand dollars and deposits Of 81
100000. 1t was established In 1855 and
Frank X. Hippel was It's president up
to the time OF his death last Friday.
The company did large business in
call loans, having about 900 Of
such loans outstanding.
An investigation by the trustees Of
the company followed the death Of Mr.
Nipple and disclosed such a state Of
affairs that meeting of representative
bankers was called for this afternoon
10 consider the situation. After exam
ming the situation exclusively these
bankers found themselves unable TO
lend the required assistance and called
a melting OF their own trustees for $3.50
o'clock today. Meanwhile at 2:20 those
In charge OF the Real Estate Trust
company found II necessary TO close its
doors. There are rumors TO the effect
that Mr.. Nipples death which was as
signed 10 cerebral hemorrhage was not
the result OF natural causes.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
FREE COINAGE MINE
TURNING OUT WELL
Alta Property at One Time Well
Known and Recently
Revived.
ASSAY RETURNS GRATIFYING.
Property Has Tunnel in 600 Feet and
Contract for Further $50 Feet
Has Been let.

Development work on the property OF
the Free Coinage Mining q Milling
company al Alta is proceeding steadily.
and 50 far with gratifying results.
IL VIII be recalled that this company
vas revived a few months ago, and
work resumed after an interval Of
something Ike eight years. Those ia
miliar with the property never had any
doubts as 10 It's value or the extent OF
The deposits contained, and II would
now appear that their confidence vas
we'll founded A tunnel Of 600 feet had
been run when the mine was originally
worked. and a contract has since been
let for a further extension Of this tun-
mel Of 80 feet. This work IL now going
forward and when completed will eX-
tend under the surface OF the blowout.
which forms the main lode Recent
ASSAYS OF ore from this source show
returns Of l22 ounces OF silver. ,lg in
gold and about II per cent lead to the
ton. \ showing OF which the manage
ment Is justly proud.
The mine Is principally silver prop
osition, but lead aud gold also occur in
paying quantities. The main vein is
about four inches wide and very rich.
and should Il happen'as Is quite posi-
bic, that the vein viii be found 20 widen
out at depth. the property may devel-
op into one Of the principal producers
OF the state.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
STRIKE ON PORTLAND.
Development in Well known Goldfcld
Property Attracting Much Attention.

The news Of the finding OF ore I'm the
old Portland mine has caused a furore
I'M Goldheld and Is one of the principal
topics Of conversation on the street.
The Goldheld News, IN commenting on
the find says that Il is the greatest
and most significant development that
has taken place since the first strike
In camp. The article referred 10 is as
follows.
ON Wednesday n great strike was
made In the Portland which lies south
and east Of tho town about half a mile
in a region IN which 40 strike has ever
previously been made. For months and
months the big hoist ON the side Of the
hin has patiently lifted the waste from
the dCep workings and such values as
have been had were small and not par
ticularly encouraging. As the dump has
grown. faith in the property among the
outside onlo0kcrfs has steadily dWin-
died until not many would care TO in
vest 300 that section. Now suddenly
40 depth Of 426 feet the lessees, Don
AID y, Gillies. John Mckane and asso-
Ciatcs have come upon an immense
ledge 30 feet across which returns aver
age values of $50 TO the ton.
John =. Mitchell. who Is connected
with the Portland company and who Is
| authority for this story states that as
says as high as $500 have been had
from the ore The rock IL a sulphide
| quartz exactly the same composition as
/ She Mohawk ores. The Portland is over
[ q mile and a half southeast Of the Mo-
I hawk and perhaps thrcc-quarters Of a
mile distant from the Florence That
Z this Portland ledge Is the continue
I ton ~ the Mohawk vein system there
I is every reason 90 believe and the pick
Ing IL up at a point so distant Is per-
hans the most important single strike
inat has ever been made On Goldheld.
The Portland shaft IL the deenest in
the district and the presence of ore
+ establishes beyond dispute the certainty
T that when depth Is attained on the
1 various properties Of the camp the sur
face shoWinCs will be discounted and
I The values shown TO he permanent.
The Portland stock Was listed on Fri
4 day and was strongly in demand. The
J company is very strong with thousands
/ of dollars and $4,000 shares IN the
] treasury Since the strike was made
] claims iu the near vicinity have adj
] v8nced in price one hundred per cent.
The company has been besieged by an
| army 81 would lessees but IN view
~ the depth necessary 10 find the ore
] Wiil bc very SLOW in signing leasing
/ contracts
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
SAN FRANCISCO STRIKE.
Cornelius says Company Wanted
Time, Not Settlement

San Francisco, Aug. 9S.--When shown
a morning paper dispatch that strike
breakers were on their way from New
York, Richard Cornelius. president Of
the Garments union, said today:
The reasons for Mr.. Cslhoun's de-
lay in coming 10 San Francisco are now
very evident. They could not get 500
men together In so short a time. and
the fact that 500 left New York within
q hours after Calhoun's arrival IN this
city shows that, instead OF coming in a
c0nciliatory mood, Mr. Calhoun came
prepared 10 fight the carmen. The prep
arations that were made locally, such
as fitting up the carharns and building
barracks, clearly prove that the Unit
ed railroads wanted time, not 10 con-
slider our demands, hut to install nom
union men In the carbdrns."
Cornelius Is inclined to dispute the
statement that Farley. the strike break
er is in charge Of the nOn-union men.
Cornelius declared that he was author
itatiyely advised that Farley is dead,
having succumhed 10 consumption
three months ago in Florida.
Cornelius started on tour OF in
spection 81 the carbsrns this morning.
\ meeting OF representatives 81 I'll
the labor unions associated with the
United Railways Was held this forenoon
to map out some definite plan Of action
concerning a proposed general sympa-
thetic strike Of every enplOye NJ the
cooperation. There are 10 unions con-
nected with the electric and cable roads
including iron workers and teamsters,
aud II Is estimated that about 5000 viii
be directly affected by continuance ~
the strike. According ia statements
made by officials OF the carmen's exec
utiye committee. the 10 unions have
already signed a working agreement
which provides that they will fully sup
port one another in the present CON-
tr0yersy.
The situation opened this morning al
most unchanged, hut important dcVcl-
opments were looked for from either
side. Meanwhile the greater part Of
| the public tramped over the debris
/ strewn streets of the burned section
| There was no outward sign ot activity
al any Of the carharns and no occa.
sion for any demonstration by Tho
/ strikers.
The news from the east that strike
breakers are being brought TO This
city caused President Cornelius Of th'
union 10 say, Now We know why Mr.
Calhoun remained 50 long In the east
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
BACK FROM PIoCHE,
Ernest L.. Godbc Return, Enthusiastic
In Cause of Thriving Camp

Ernest l.. Godbe returned from
Phoebe, Nevada, yesterday morning
after an inspection of some of the
promising properties OF the camp Mr.
GOdbc Is enthusiastic in his dcscrip-
ton OF the boon that Is on By rca-
SON OF the building ~ the new road
connecting the town with Calientc. Mr..
Godbr says the entire camp Is swarm
ing with engineers and others repre-
scnting outside capital. and these men
are engaged In digging into everything
In sight New buildings arc going up
constantly and on every hand can be
heard the noise Of the hammer and
saw Even the stage drivers are be-
ginning 10 take notice. ana 90 look
around for another sphere Of useful
ness Furnished rooms that could be
had a short time ago for SO per month
now hnus a dollar aud a dollar and a
half per day. There Is scarcely an
empty building IN the place. Prospect
ing and exploration are going on on
cyerg square inch of land within ra-
dius Of 25 miles II the camp and there
Is more real development work going
forward than has been witnessed in the
camp for a number of years
Mr.. Godbe was unable 10 throw any
light on the matter Of the coustruc-
ton Of the road between Phoebe and
Caliente. but said that there remains
only very little work ON the right Of
way which has been practically CONF
pletod FOR some time. after which con-
struc;ion viii be commenced at once.
Tho stretch is only ~ miles in length
and most Of 10 is already graded
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
STRIKES RICH ORE.
Lower Mammoth Encounters Mineral
Bodies Which Promise Great Thing,.

some new specimens Of copper and
had ores are To- be seen In the Offices Of
the Lower Mammoth Mining company.
The main ore chute has been encoun-
tered in the north drift, making direct
~ for the center Of the property. The
rich lead ore was struck after passing
through a stretch Of highly mineralizod
iron quartz. Eighteen inches % the
hanging wall Is solid chrystalizcd lead.
the balance high grade carbonate ore
which it IS expected viii give good re-
turns Fully Is inches Of copper sui.
phidC ore Is apparent boz the south drlf'
on the footWall side which 80 Is expect
ed will run easily 20 per cent copper
and as many ounces 0f silver 90 the ton.
The assure which W 10 now has gone
down almost perpendicularly. has taken
q pitch towards the compauy's opcmi-
Ing shaft. This means that the neW
strike will be easily worked when 30 Is
decided 20 run the shaft down 10 that
and deeper levels The big shoot ~
lead orc was just beginning 10 make It's
appearance when Manager Dorn was on
the ground Friday night. but az that
time the extent o. ID was quite un-
known. Mr. Dcrn Is naturally highly
gTathed az the turn affairs have taken
but does not wish % say anything
which might cause undue excitement.
more especially in view N the tact ~
the many dlsappointmcnts which the
management has already experienced
In connection with The mime
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
Tried 10 Conceal Their Profit
Taking by Advancing
Other Stocks.
MARKET GENERALLY ROSE.
Towards Noon Buying Orders In.
creased Causing Fairly Good
Advance.

New York. Aug &-some substantial
gains we're made at the opening Of ihe
stock market but a number OF stocks were
little changed from yesterdays closing.
ST. Paul. Smelling and Colorado Fuel
improved /. and Northern Pacific ~
Anaconda exceptionally dropped . points
but rallied :.
The general market became heavy after
the first few minutes and the opening adj
yances were wiped out smelting sold a
point below yesterdays closing and Read-
ing nearly as much.
Much Of the irregulauty IN the market
arose from the efforts VI the professional
traders 90 conceal their prOnt taking IA
certain stocks by advancing others Ihe
list at no time moved with great UNI
formity and was alternately above ana
below Yesterdays closing prices. The
Hartman stocks aud Reading seemed 10
yield readily, while So Paul and Atchison
offered good resistance al times. Canadian
Pacific was unusually active and points
higher Sugar and Great Northern pre-
ferred suffered temporary losses OF ana
-. respectively,
At n o'clock the market was rising
steadily with ST Paul ana Atchison. the
mari IMAM Sums I AlAA'A tlAA'' tHhNH' tff'H
Amalgamated Copper al the top.
Buying orders were Increased in an
quarters Of the market, especially Tor
those stocks in which the dividend prob
abilities are under discussion. AtchisOu
was taken IN round amounts and reached
lOsi,, the best price ON record ana j.
above yesterday final Among the other
grain carriers good display Of stengih
was shown and there was also decided
Improvement ia the prices Of some ot the
soft coalers A decline u Il I'm BtoOA-
Ism Transit was ignored. 81 Paul rose
B Northwestern and Consolidated Gas "a
4 & O H.. Locomotive ~. Northern Pa
cinC IA, Great Northern preferred ana
Norfolk q Western T.
Bonds were irregular at noon.
The best prices ~ the morning we're
made at noon. the market thereafter re-
acting on realization, St Paul ana North
western ran of III from the highest ana
Union Pacific and smelling ]. Pennsyl-
yania was sold IN large amounts. one
transfer Of 100 shares occurring at ~
Various reasons were assigned for the
extensive selling Of the afternoon. Stop
loss orders were uncovered In number OF
stocks and prices fell away precipitately.
Concern over the outlook for money and
the evident absence ~ inside support In
certain stocks were cited as influencing
the selling ST Paul lost all Of lis ~
points rise. Great Northern preferred and
Sugar were forced points under last
night Colorado Fuel "a, Northern Pa
cinc and Pennsylvania ~ Brooklyn
Transit and Reading and Union Pacific.
Southern Pacific. Amalgamted Copper,
American Smelling l.. S. Steel and New
York Central a point
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
CONCENTRATES.

Grant Snyder spent yesterday at
Alta looking over conditions.
Robert Brown, manager Of the Cen.
tennisl-Eureka mine at Tintic spent
Yesterday In the city IN conference
with Mines Manager Allen.
Alexander Jacobson will leave for
Nevada again about the end Of the
week to look after business matters
there.
Henry NJ. Crowther has rett aei
from a visit 10 the camp Of Alta, and
expresses himself with conditions as
he found them.
4 carload Of fine ore was ON the
market yesterday from the city Rocks
properties at Alta
Charles II. Scheu, manager N the
Honerine Extension property al Stock
ton, left for the camp this morning TO
look over the situation
W. o. McFall OF the Mabel company,
operating In the Blsckhorse district
Nevada left today FOR camp after
stay Of several days in the city.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
a 81 sold at s0l.aoA and declined I,

a sois sold at Solsa1a and declined 10
sgtno0'.
Receipts Of live hogs were liberal toda y
and The market for provisions opened cas-
Ter, September pork opened ~ cents low
or 20 sh cents higher. at 1876 10 r.2j,
lard, was , cents lower ~ :. 20 and ribs
were down 2isp5 cents at S.,5
red. 10lsa1; No. 2 hard. Tia7st: No. 3
hard. 70a'0is; No. I and No. 2 northern,
nothing doing; No. spring. 7s17e
Oats-No ?, 2qis. No. 4, gsi..
Corn-No. 2, isisqjO No. :, i9ik
The feature Of the market was llauida.
tlon Of September, which carried Decem.
Der down TO 7sss. The market closed firm
with December = higher at 7ik.
Corn-December closed \ up. at ir.
Close! Wheat-Sept, Tlha7li. Dee,
az
Corn--sept., 49, Dec. iia44is.
Oats-Scpt 81, Dee. Sllzd3oA.
Pork-Sept, HOO Jan. 49, 10
Lard-Sopt. S.6lis; Oct, SO
Ribs-Sept, s.65; oct S.5ils.
Rye-Cash, 5slIo5ll4
BaTley-Cash. 31052
'rimothy--3 OQ4.0S.
Flax-Nothing doing,
LIVERPOOL GRAIN.
Liverpool. Aug. es-Close: wheat-sept..
IS ID, Dec, 6 SID.
Weather, fine.
SUGAR AND COFFEE.
New York, Aug. &.-sugar raw. firm.
Fair refining S4sa3k; centrifugal, 81 test,
4. molasses sugar 3SnG.
Rehned-Steady. Crushed SO; powder
ed 500; graduated 40.
Coffee-Quiet No. Rio. 81.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
MORNING SESSION
WELL ATTENDED
Trading Active on Local ES.
change With General Up.
ward Tendency.
SALES ARE OF GOOD VOLUME.
omen Board Session Records Greatest
Transfer OF Cash But Regular Call
Transfers About nc Many shares.

4 good days business Was recorded
during the morning session OF the local
stock exchange. The market was fair
y strong with but little 9uctuation in
prices and the general tendency up
ward. Lower Mammoth sold az 50 10
81 cents. the recent strike Oh the prop
erty OF this company being not without
lis effect on the stock Nevada His
held steady at $50 and sa22is during
The regular call. with no sales recorded
On the open board.
4 total Of 1850 shares changed hands
during the regular morning ca.l. rep
rcsenting a valuation Of sl,S2.25, with
i.su shares sold on the open board at
q worth OF sac. making total Of
i5.l9l shares in all, at an aggregate
value OF Ss,93l25,
The quotations for the day closed as
follows:
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28

est stockholders and In other respects
one OF the principally interested parties.
II is difficult at this time 10 forecast
With any degree Of accuracy Just what
the results OF the meeting viii be. but
II II understood that a heavy campaign
Of development has been under consid-
Grafton by the management for some
time past, and the general feeling APP
pears 10 be that the matter OF the pro-
posed bond issue which has also been
under discussion for some time VIII he
brought up and put through and the
money devoted TO a heavy development
OF the property
The ohio Copper company owns one
OF the principal mining properties OF
the state, and has always enjoyed a
large measure Of public confidence.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
VIRTUE MINE TO REOPEN.
Oldtme Producer Which Helped Make
Oregon Famous Ia Produce Again.

a special from Baker city Or, says.
The old Virtue mine, which made east
ern oregon famous as a gold producer
and which in past years has turned out
much ore has passed into the hands Of
q ieorganized company Inder the man
agement OF ]. h. Romig. the principal
stockholders being Baker city men.
The mine is several miles east Of
Baker city. right al the doors OF the
town, and It's reopening is an impoI-
tant matter TO this community. The
property is equipped with modern ma
chinery placed M II nearly two years
ago, when the old company sold out TO
the present owners. The mine has been
under lease for year to w. L. Vim
son. who has taken considerable ore
from the upper levels.
The owning company proposes 10
operate by electric Instead Of steam
power. and viii begin operations In a
few days one OF the first things 10
be- done will be the unWatering OF the
mine so that the lower levels can again
be worked where II Is believed that
there Is much rich ore.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
PRODUCE.


Chicago. Aug @.-The local wheat mar.
ket today opened trifo easier because
~ lower cables and clear weather IN me
northwestern part ~ This country Te-
ccmher opcucd shade a. = cent lower At
a to 1in1iis and sold no ~
Tho corn market was somewhat easier
on soilIn. based upon liberal local rc.
CENTS. December opened unchanged to "a
shade higher al iFsnn FOO - and sold 40
EharE
Trading in the oats market was r
small volume. December opened cent
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
DATE is SET.
Railroad Day at lily to be Celebrated
September 20.

Sept % has now been decided upon
as the date OF the celebration at Ely.
New, TO mark the completion Of the
Nevada Northern Railway into the
camp. The day Is to be known as
Railroad day snd will be one OF the
biggest Of its kind ever held within
the state.
II is expected that the actual compile
ton OF the road will take place some
time before the date Of the celebration.
but owing 10 the interstate commerce
law, II Is necessary for railroads to
give 90 days notice OF special rates. The
fare from salt Lake to Ely will be
sll.b0, or the price ordinarily OF a single
ticket The tram will leave Salt Lake
Friday evening al s or o'clock. arriv-
ing in Ely In time for breakfast on the
following morning
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
MAKING GOOD PROGRESS.
East and West Go. Encounters ore
Which May Contain Platinum.

Nine hundred and fourteen feet is the
extent OF the penetration to date OF the
tunnel on the property Of IN East and
West company at Ophir, and Manager
James Quinn, who was IN the city for
a few hours yesterday on business, stat
ed that several strinsers OF rich ore had
recently been cut, and that he was
making excellent progress towards that
portion Of the mine where Il Is eX-
pected the main ore body will be en-
cOuntcrcd One OF the stringers con-
tains ore carrying about 100 ounces
OF silver and another metal the char
acter Of which Is not yet definitely
known. but which Is now being ana
lyzed. and may possibly turn out TO
be platinum.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
TINTIC CLAIMS SOLD.
Half Interest Changes Hands for a
Consideration OF One Dollar.
Especial to The "News."l

- = 7
Provo. Aug. 2S.-John NJ. Bestelmeyer
has sold 10 George Havercamp. for the
stated consideration of 81. an undivid-
cd one-half interest in the Union 4
lode mining claim and John Beslel-
meyer and Catherine Bestelmeyer have
sold 10 George fIsvercamp an undi-
vided one half interest IN the Fraction
Victoria No. ! mining claim also for
consideration Of 81 Both claims are
iu the Tintic district.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
SAMPLER RETURNS.

The Pioneer ore Sampler today re-
leased the following cars NJ ore I Mcr-
cur. Alta. 3 Nevada. = stockton. I
Idaho and 2 Bingham.
The Taylor ana Brunion sampler re-
leased the following ! Milford. : Ne
vsda, Z California. Idaho and 10 Tin
tic.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
TO RECEIVE sECY. ROOT.

Santiago. chile. Aug 2S-The American
minister Mr. Hicks the foreign minis
ter and the members NJ tho reception
committee, started today for l.ota. by the
land route % receive secy Root who Is
due 70 arrive there tomorrow. Tho party
will return % Santiago by The same way.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
TO PROVIDE WATER.
Utah and Eastern Copper Co. rilc Np-
pliCation for Water Right.

The Utah & Eastern Copper COM
pauy has filed application for one
dftiath Of a second foot OF water TO be
diverted from the Colorado river sys-
TEN in Washington county. The wa
ter Is TO be directed from the jackson
Springs and piped about 300 feet to
the mine. where Il will he used for
mining purposes and for culinary pur-
poses.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
STOCKHOLDERS MEETING.
Ohio Copper Go. Preparing for Gath.
cring Scheduled for "Wednesday.

Preparations are well under way fof
She annual meeting u stockholders OF
the Ohio Copper company. scheduled
for Wednesday next. Among the first
20 arrive in the city from a distance
vas President CatroN, one Of the larg
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28

+. u. WEST & Co, stock brokers
d. r. Walker Blk. Tel. I65. res. J5lO-G
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
j. OBERNDORFER.

CANNON BROS. BROKERS, "a E.
So. Temple Tel. $40 Ind. slO-k Bel.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28

Stock Broker.
Tel Bell 7S2. l6i S. Main ST.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
LIVESTOCK.
C1llcAGo

Chicago. Aug -Cattle-Roceipts TO-
r11. market steady. Reeves. =. slN6.60. COWS
and heifers. l.2,q5 %: stockers and feed
ers. gf0di3D. Texans. 0di9. westerns
3 sous -: calves 5.Ldi.50.
nogs-Reccipts li0ln; market steady.
Mixed and butchers, 601a6.ii; good
heavy 6l0d6.i5. rough heavy. 5.ioq5 NJ
lights. 60jGe.51is. pigs 5Ha6.@, bulk Of
sales e.0)d6.t0
sheep Receipts. 1900; market steady
Sheep, 9 10d5.60, lambs i6JqiS.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-28
WOOL.


81. Louis Aug S.-Wool gcady Tcr.
ritory aud western mediums. 42qls. fine
mediums l1dgl; nn'. liql6