davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30

MANY CAUSES ASSIGNED
MARKET DEMoRALIzED AT THE
CLOSE.

New York, Jan. 29.-The mixed tone
of speculation today gave place in the
late dealings to another sharp selling
movement leading up to the weak and
disorderly closing. The support &C
corded the market during the early
part of the day had some effect in
reassuring sentiment and in dissipa-
ting the forced liquidation of Saturday
in a few of the most speculative
stocks. It became evident as the day
progressed that the cessation of the
acute pressure of Saturday was not
resulting on any large renewal of
speculative demand for stocks. The
wavering fluctuations of the day were
followed by general declines under the
pressure of widely extended liquida-
ton.
The motive for the buying in the late
stages Of some of the most sensational
advances in the market have been
almost entirely limited to the belief
that there was other buying on a large
scale. Last weeks determination,
which was clinched by the sharp drop
on Saturday, that very important sell
ing istead of buying was going on,
deprived the speculative enthusiasm
of its principal motive. Conditions of
property or of business or financial
affairs were coming to play a very
small part in some of the most sensa-
tional movements in the market As
a consequence the weakest features on
the reaction are not connected with
any new developments. But with the
reaction fairly in force attention was
readily given by the speculative eIe-
ment to suggestions of an unfavOrable
purpOrt which have passed unheeded
for many weeks, although quite as
obvious as they are today.
For instance there was a sudden re-
crudescence Of apprehensions over the
threatened legislation and legislative
investigations. The movement to in
Vestgate the state banking depart
ment at Albany was dressed out with
many alarming possibilities in it's eff
feet on the banking position in New
York City. A fear was expressed that
contraction of credits will follow.
The resolution in the house of repre-
senatives at Washington to investigate
the combination of subsidiary railways
under the control of the Pennsylvania
had similar effect. The tone of the
reports from railroad traffic officials
was slightly more conservative than of
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
Mining Notes.

J. c. Sullivan, manager of the Ray
mond-Illinois properties at Tintic, was
in from camp yesterday.
p. H. Towey was down from the
Park yesterday sizing up the stock
market and looking after other personal
business.
It was unnecessary to hold delin-
quent sale of Silver Shield stock yes
terday, as everybody paid up on the
recent assessment.
Manager Lafayette Hanchett of the
Newhouse interests here and in Colo
RADIO, returned from an eastern BUSH
ness trip last night.
Two cars of ore from Bingham, two
from Tintic, two from Nevada and one
from Alta were reported at the Pioneer
sampler yesterday morning.
The week opened with copper pegged
at 175sc per pound by the American
Smelling & Refining company. This
price will form the basis for local set
Elements during the present week. Lead
remains unchanged and the days quo
tation on silver Is given at 65szc per
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
MINING STOCK EXCHANGE.
After Session of Sparring, Traders
Get Together and Do Business.

Traders had difficulty in getting to-
gether on change yesterday morning and
as a result business was light. Brokers
all appeared to be feeling their way, each
trying his best to meet the wishes of
his clients. Following the forenoon
sparring wires were brought into play
and when time was called in the aft
ernoon opportunities to do business were
more apparent and the trading was
lively.
DAILY opened at the high mark of the
day and from S1.S5 sold back to 81 d and
Sl.25 at the close. Daly-Judge traders
could not get together until the close
of the afternoon open board session,
when buyers paid from $3.50 to so for the
stock. Columbus Consolidated was also
unusually strong and, from an opening
at SAB. it climber right up the line to
S464, at which price it closed. Grand
Central was in demand at S. 80 to s. IS,
and Victoria brought 1913, while the re-
mainder of the active list Jared well.
During the day a total of 3, 24S shares
of stock, with a selling value of $22,031. "a
changed hands, the list of final quota
tons and record of sales made being as
follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
ENGINEER CALLED TO LONDON
Salt Lake Man Expects to Introduce
Ore Dressing Methods Abroad.

J. NJ. Callow, the Salt Lake metal
lurgicaI engineer and expert on meth
DDS Of ore dressing and concentration,
left for two months trip to London
and Paris last night. Mr. Callow has
gone in answer to a summons from the
heads Of some Of the big operating
companies which are mining in Austria
liza and South Africa and which con-
template the introduction Of the CaIlow
submerged screens and classifiers, ILL
ter tanks. etc.
The operation of these devices in
Montana and the Occur d'AIenes
Idaho has attracted the attention of
British operators IN the countries
named and, before his return, Mr. Cal
low is confident he will nave done con-
siderable business, not only in London
but Paris, as we'll
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30

ounce. an advance Of a point over Sat
urday.
Eleven carloads of ore from Tintic,
four from Bingham and three from
Tonopah were released from the Taylor
& Brunton sampler yesterday.
Manager Frank Wilson of the New
Johnny cOmpany's properties in Inyou
county, California, has returned from
camp with samples of fine ore and
most encouraging reports of conditions
generally to his associates.
Peter Porter. B. F. Kelly and others
have secured ten months option on
the old Montezuma property at Bing-
ham and pumps are to be installed at
once to drain the workings in order
that an examination may be made
A private dispatch received last
night by James A. Pollock & Co. from
one Of their Tonopah correspondents.
reports big strike as having been
made on the 550-foot level of the Tono-
pah-Midway cOmpany's property In
that camp.
It is expected that contract viii be
awarded today for the extension of the
Copper Belt railway at Bingham to
the new ore bine of the Boston Con
solidated company. About one and
one-half miles of track will have To
L.
Manager Tony jacobson, accompa-
MED by superintendent A. o. Jacob
son, came down from the Columbus
Consolidated at Alta Sunday night.
They report the roads in fairly good
condition again and a string Of twenty
teams are now hauling ore and concen-
trates from the mine and mix of the
company.
Secretary George w. Lan1bourne of
the Daly-Judge company spent Sun
day at the mine He reports that de-
velopments on the 1,500-foot level con-
tinue to be of a most encouraging ma
ture, though he declares that the al
most hourly report Of some one that
sensational strike has been made are
altogether unwarranted
George W., Morgan, proprietor OF tbe
Vienna Cafe, and one of the chief men
in the Morrison Mining company. ac-
compan1ed by Sydney Bamberger. left
for Nevada yesterday for a weeks trim
to the companys mines in HumboIdf
county. They went west as the guests
of Everett Buckingham, general suner-
lntendent of the Oregon Short Line. in
his private car.
A. J. BEETLES Of the Newhouse STAFF
who is now devoting a great deal of bis
time to making tests on the conner
bearing porphyries in the Boston Co.
soI1daJed company's mines at the mill
ing plant erected for that purpose was
IN town again yesterday. Another
Wllhey table is now being added tn tho
mllfs equipment for the purpose OF fur
ther determining the best methods Of
concentration. With the stamp method
OF crushing he is much pleased and
now reels certain that it will be used
wen the Dig mill is constructed. Sew
Methods n
likely be tried out during the rms +ba+
are TO be made and by and bv ottar
devices than those now being EMPLOYED
will be tried out 0-iip Gu
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
EXCHANGE OFFICERS CHOSEN.
James A. Pollock Is Renamed a
President of Institution.

The newly elected governing board
of the Salt Lake Stock and Mining
exchanged organized yesterday after
noon, re-electing James A Pollock
president and Joseph Oberndorfer first
vice president. r. ]. Evans was named
as second and w. J. Browning as third
vice presidents, respectively. G. P.
Norton was reelected treasurer and
James A. Shorten, who has served the
exchange as secretary for the past six
years, was called upon to hold down
that position for another year. The
selection of officers will prove popular
with all members of the exchange and
those who do business with and
through that institution.
President Pollock is now in the east,
and the naming of new committees on
arrangements, listing, membership and
arbitration was therefore postponed
until later.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
new MILL FOR
THE YANKEE CON.
Company Decides to Equip Property
and Begin Erection Of Plant
April 1st.
MAMMOTH'S LEASE OF LIFE
AFTER rs YEARS OF EARNINGS
WILL START OVER.

The Yankee Consolidated Mining
company's directors met previous to
the departure of President John Z.
Dubois and took favorable action on
the long-pending proposition Of
equipping the mine with a mill TO
handle the secon-class ores. The
management will now proceed with the
details and by the first OF April ground
will be broken for the plant. 1t is fig
ured that nothing could be gained by
beginning construction earlier than
that, as the frost viii hardly be out of
the ground sooner.
During the past year great many
tests we're made on the second
grade ores for the purpose Of determin-
ing whether the ore could be made to
yield a. greater profit by concentration
than through its shipment direct to the
smelters and everything, Secretary L.
A Ansden states, was in favor of treat
ing the ore, which is of such character
that it will yield nicely to the simplest
methods of milling.
The cost of the plant and the char
acter of it's equipment are matters
that will now be worked out, and by
the first Of June, all going well, the
mill will be ready to go into commits
sion. In the meantime the work Of
opening new ground and blocking out
the ore bodies will be pushed along as
it has been during the past twelve
months, and there is no reason to be-
lieve other than that the present will
be about the most prosperous year in
the history of the company
The Uncle Sam, one Of the Yankees
neighbOrs, put a mill on its property a
year ago and the results il has attained
have been particularly gratifying to
that company. and there is not believed
to be the slightest reason why the Yam
kee should not find the plant it is go
ing to build a most valuable asset.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
Metal Markets,

New York, Jan. N.-The London tin
market was about 5s higher. with both
spot and futures quoted at 8164 IS. The
local market advanced three points on
the average in response to the firmness
abroad and closed with spot quoted at
So. 30dS6 50.
copper was irregular IN LONDON, spot
declining to ELS los, while futures were
a shade higher at Ell lbs Cd. Locally
the market was unchanged. with lake
and electrolytic quoted at 1S.00d18.50, and
casting at $500
Lead was unchanged at SIC lis Cd in
London and at 5.6Gq6S0 locally.
Spelter advanced IS cd to Ell lbs Sd in
London The local market was weak
however, with spot quoted at 6.2OQ6.S0
Iron was higher abroad, with stand
ard foundry closing at SIS sd and Cleve-
land warrants at 53s. Locally the mar
ket was unchanged; No. l foundry north
ern, 1S.75Q19. So; No. foundry northern,
IS 25d1S.85; No foundry southern, 1850
1916, and No. 2 foundry southern. 17.759
1926.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
BUYING OF BINGHAM CON.
Boston Thinks American Company Is
Taking in the Stock.

James A. Pollock & Co. furnish the
following market letter, received yes
terday over their private wire, from
Hayden Stone & Co, of Boston:
Bingham was the feature here to-
day. Buying by Lee Higginson & Co.
led to talk Of American Smelling buy
ing on account one of the partners of
the above firm being a director in the
Smelling company. We look for mar
row market until New York conditions
are more settled, but would buy stocks
of producing companies on all reac-
tons"
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
Money. Silver. Etc.

New York, Jan 29-Money on call,
easier, 2120412 per cent; ruling rate, per
cent; closing bid, 2 per cent; offered at
per cent.
Time loans, steady; sixty and ninety
days and six months, AZ per cent.
Prime mercantile paper, 4Aq535 per
cent.
Sterling exchange, easier, with actual
business in bankers bills at 4-8z5G4. $3.50
for demand and at l. SS95G4S4 for sixty
day bills.
Posted rates. 4S41kG4.Ss.
Commercial bills, 4.S3A
Bar silver $50
Mexican dollars, 501A.
Bonds: Governments, easy; railroads,
steady.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
Afternoon Sales.

DAILY. 1001$1.27 seller so; 100ds1 %. seller
80; 100G0S1. "a; 1O00$1.25.
Grand Central, 4OOQS3. 30; 2OG6&3 IS.
Lower Mammoth, 1,0OOQ4Oc; 1,O0OQ04O54c c;
1,0O0G4O1ac, buyer 60.
May Day, 1,5O00151zc
Sacramento. 1.0o0G1412c: 1,OOOd147kc; l 900
Q15c.
Star, 5Ga13slc
Uncle Sam, 1,O006g3415c
Victoria, 100G$1. 80
Butler-Libersl. 5O0d9c; 5O069jsc; 1O000
91zc; 25C0d1Oc; 5G0091zc
Beck Tunnel, 1O0053c; 1OOG52c.
Black Jack, 209d70c.
New York, 5O0q167sc, seller 80.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
Ground Changes Hands.

Provo, Jan. PA mining deed from
Clara Calm and others of New York
to Leonidas A. Van Praag of New
York has been filed with the county
recorder. The deed is for the Sunday
and the first westerly extension of the
Miller mining claims in American Fork
canyon. The consideration named is
81. The grantors in the above men
toned deed in turn transfer the prop
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
San Francisco MINING Stocks.
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:
in Reading unsettled the whole market
and toward the close severe liquidation
capsed a sharp break all through the list
Amalgamated. however, held well In COM
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
Coffee and SUGAR.

New York. Jan. Z.-Coffes futures
closed quiet at a net decline Of 5110
points. Sales were reported of so 20
bags, including February at SIS; March
$50; May, 7050Z10: July, 7.2OQq25 Sep
TENDER, 1891 20. and October. 80
Sugar-Raw steady; fair refining, g.:
centrifugal, SO test, 555; molasses sugar
"a. Refined steady.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
Treasury Statement.

Washington, Jan 29-Today's state
ment of the treasury balances in the
general fund, exclusive of the $15O,000, 900
gold reserve. shows: Available cash bal
ance. S142 305, 541; gold coin and bullion,
$l8, -, 3O3; gold certificates. so, 259 80.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
financial and Commercial

parison with the others in Boston. North
Butte was in good demand all day. Cop
per Range came out freely and the buy
ham was taken in hand today and ad-
vanced AZ points with a later reaction
to 81. The market seems to have two
sides at present and we advise selling
stocks on all rallies for the present. Quo
TofjOnC
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30

1s1sc; western imitation, creamery sx-
tras, IQ211zc; do. rirSts, 1S1h919c.
Eggs Irregular western firsts, ISCs do.
seconds, 1SQ1S1zc; southerns. 1761So
Chicago. Jan 29.-On the produce ex-
change today the butter market was
steady; creameries. 1SG255zc; dairies, $50
Eggs weak at mark. cases included. 15D
16c; firsts, Ice; prime firsts. tic; extras
19c.
Cheese steady, uNg12c.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
Ore and Bullion.

Ore and bullion settlements in this
city yesterday, as reported by McCor-
nick & Co., amounted TO $50 900, as fol-
lows: Silver, lead, gold and copper
ores, $3S, 400; base bullion, $37, 500; gold
bars, $40, 600.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
Butter and Eggs.

New York, Jan. 29.-Butter irregular;
street prices, extra creamery, 26G2615c:
official prices. creamery common to ex-
tra- 17G26c; do. held extras, 2362S5Lc;
western factory, common to firsts, 1870
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
Open Board

Butler-LiberaI, 5O0G10c.
Columbus Con, 10O6S46 81
Daly-Judge 75d$9. 80; 1O0dS9. IS; 6OOdS1O 90
May Day, 2000G151zc
Sacramento, 9Oo@1424c; 1O0OG147sc
Victoria, 1O0dSl So
Yankee, 30G031c
Shares sold, 20.S75.
Selling value, SIC, 1862
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
Metal Markets.

Silver, 65Ic per ounce.
Copper (casting), 179sc per pound.
Lead, in ore, $3.50; New York, $3.50
Der 100 mounds
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
Pacific Coast Grain.

San Francisco, Jan. 29.-Wheat firmer;
May, sI34ss; December, S1.21s Barley
easier; May, $1.20 bid.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
Open Board.

Columbus Con, 10OQS4. IS; 1OOa$4.45; 453d
80; 10Gd$4.55; 100G$4. 6315; 2O0Q$4-60
New York, 200Q16s4c
Uncle Sam, 1O0Q34$4c; 2O0G341zc
Shares sold. f. 5S.
Selling value, S. 904 g.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
NEVADA STOCKS
Forenoon Sales.

DAILY, 1O0aS1. 30; 1O0d$1.3Q seller 30
May Day, 500Q157kc
Silver Shield. 1,O0092s4c.
Uncle Sam, 2o0G25c; 9O0a341Ac.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30

erty to the Sunday Lode Mining com
pany, OF Jersey City. N. J., for a con-
sideration of 81.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
Tonopah-G oIdfieId Stocks.

James A Pollock & Co furnish the
following 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, 1906-01-30
LIVESTOCK MARKETS.

Omaha, Jan. 9.-Cattle-Rsceipts, 4.so0
Market. strong. Native steers, 1854 90
stockers and feeders, 250642 Is; calves
275Q6.OO; bulls and stays, 225GS6.
Hogs-Receipts, $500 Market a shads
higher. Heavy. 5.40d5.45; mixed, 5375k0
80; light. 5.SSd6.40; pigs, 450q5.1O; bulk.
5371zd6. 425A.
Sheep-Receipts. 6S0 Slow and weak
Yearlings, 5.75Q620, wethers 6535. 70;
ewes, 475G5-25; lambs. 6s5q7-M
Chicago. Jan. 2a-Cattle- Receipts. "a
900. Strong to 10c higher. Beeves $500
SIS; cows and heifers, L250I4.75; stockers
and feeders, 250Q4.50; Texans, 3.6OQA.5o
Hogs-Receipts, 5000; tomorrow, $1,000.
Strong to &C higher. Mixed and butch
ers, 5.S5Q5.6O good heavy, 5.45Q66O; rough
heavy, 5.S5@6.40; bulk. 5.45Q5.5S
Sheep-Receipts 5000. Steady. Sheep,
S7Oq5-SO; lambs, 5.75Q7.75.
Kansas City, Jan. 2s.-CattIe-RAceipts
12,OO0. Steady. Native steers, 80d6 90;
native cows and heifers, 225dAO0; stock
ers and feeders, z75Q4-75; bulls. 250QS IS;
calves, 100000; western fed steers, 3.5e0
$50; western cows, 2.5oQ4.00.
Hogs-Receipts. 700, Strong to &c
higher. Bulk. 5.40QS, Az; heavy, 8. sos. 80;
packers, 5.40Q5.5o; pigs and light, 4.SoQ
sheep-Receipts, 10000 Steady. Nut
tons, 4.25Q5.9O; lambs, 6.O0d7 50: range
WetherS, 5. 1905 10; fed ewes, 47JT650
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-30
J. oBERNDoRFER.

Stock Broker,
Tel. Bell 1872. 1s1 S. Main St
Heppner gazette. [volume] (Heppner, Morrow County, Or.) 1892-1912, 1906-01-18
HOME OF cow MERCIAL CLUB.
Work on Han dsOme New Building
Will Soon be Commenced.

The plans accepted by the building
committee, showing the style OF build.
ing tor which the contract has been lei
to Mr.. Cox, will make handsome and
comfortable home for the Commercial
cnb and athletic features.
The building will be two story frame
st, t,ucture. 44xS0 feet, on a substantial
stone foundation.
The lower story wi be used entirely
for the athletic club, with a room the
full size OF the building with an 18 foot
ceiling. On the rear of the lower etory
there will be an addition Axis feet
The floor of this annex will be four and
one half feet higher than the floor of the
main room. to be used for dressing and
bath rooms and lockers This annex
wi be so arranged that it can also be
used for stage.
The upper floor will have ceiling IA
feet in height, and will be divided into
kitchen, dining room, 'par!or, library
and card room, with a hallway running
through the center of the building.
The inside work will be finished in
natural wood and the outside will be
rustic.
When the weather was favorable Mr..
Cox was actively engaged in the work
preparatory to the commencement of
the erection Of the structure. ready
the old buildings have been taken away
and good portion OF the excavating
work is finished.
Heppner gazette. [volume] (Heppner, Morrow County, Or.) 1892-1912, 1906-01-18
Why Buy McClure'sT

McClure's Magazine is bought and
read in homes not because it is a maya
zine. but because it is the magazine.
! Why?
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Second Quality. The reading mat.
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Fourth-Its Character. McClure's
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Its advertising pages are as clean as its
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McClure's Magazine in your home is
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East 23rd Street, New York.