davidaulloa/AmericanStories huggingface dataset:
Elk City mining news. (Elk City, Idaho) 1903-1913, 1906-12-29
DR.EDCE FOR NEWSOME.
Chicago Company Install One in That
District in the Spring.

A few weeks ago the Mining News
used rumor in effect that a Chicago
mining company intended to build and
operate a dredge boat in New5ome
creek the coming year. The sawmill is
now on the road, according to Grange
vile correspondence in the Lewiston
Tribune, and as soon as it arrives it will
be set up and the work of fashioning
material for the boat will commence.
The boat will be Of $500 cubic yards
capacity per day and the builders ex-
pect to have it ready for operation by
the first of February. Several hundred
acres of placer ground is available for
the dredge and it is expected that good
values will be secured from the outset.
The boat will probably be built on lines
similar to the one at Pierce City al
though it will have greater capacity.
1900 Feet of Pipe Line.
Thirteen hundred feet of new pipe
line has been completed on the old Mon
tana placer property, besides the erec-
tion of high trestle 600 feet long 70
support the three pipe lines, one of
which is used to carry waste water. A
-
giant has been installed and everything
is in readiness to begin work as soon as
the water is turned on next spring.
New Two Stamp Mill.
The M. F. Tyler company, who pur-
chased the Wells & Fudge quartz prop
erty a short time ago, have already sci
up 2-stamp mill for the winters run
Elk City mining news. (Elk City, Idaho) 1903-1913, 1906-12-29
New Two-Stdmp Mill.
Frisco Group Development.

E. Gribey and George Glatz have sus-
pended operations for time on the
Frisco group, on which they have been
working since the middle of last June,
and they went outside last Sunday
Mr.. Glatz will visit his family and home
in Paterson, New Jersey, and Mr..
Gribey will 4isit a brother in Seattle.
The summers work is a tunnel 600
feet in and number of prospect holes
on the surface. They report good
showing in the tunnel. Messrs. Gribey
and Glatz will return in few weeks
and resume work.
Elk City mining news. (Elk City, Idaho) 1903-1913, 1906-12-29
Great Values Come From 0rganiza-
tions IN Mining Districts.
A FEW EXAMPLES CITED
Tonopah, Black Hills and Other Places
Have Proven Their Worth.

Every community, like every
individual, has it's interests. I'm
less these interests are fostered
with the same attention that is
given to private enterprise, they
soon languish and the prosperity
of the community suffers in con-
sequence, says Butte Mining Re-
view. The difficulties. encount-
cred in furthering the interests
of a community are the fact that
those interests are often intang-
ible and not always appreciated
by the average citizen, and the
further fact that private enter
prise is not willing to sacrifice
time and talents in the cause of
the public good.
How often the progress of the
small mining district has been
retarded by the lack of generosity
and broadmindedness among its
members may never be known.
A more positive fact and one
more worthy of our thought is
the good which has been, done
kthrough the organization of COM
nercial clubs in mining camps.
pese organizations attend to
ALTERS of public interest and
Importance which would other
wise be left undone because they
are nobody's business in particu-
lar. The systematic advertising
of the town, district, or region,
the collection of reliable informa-
tion, the reception and instruc-
tion of the visitor, and more than
all the attack of those problems
which require the weight of
numbers and the prestige of Off
cial action, all these come under
the scope of the commercial or
ganization.
Fortunately we have a number
Of excellent examples of the work
of such clubs in number of the
mining states and territories, but
their number is not as great as it
should be. A few examples of
the scope and influence of these
clubs will possibly point the way
to the organization of others.
The settlement of the labor ques-
tion in Tonopah for the next three
years was due in a large measure
to the good offices of the TonopaE
Board of Trade. The Gilpir
County Chamber of Commerce is
doing excellent work in again at.
tracing attention to the oldest
and one Of the RICHEST sections OF
Colorado. The most progressive
cities of British Columbia are
those mining centers in. which
live commercial clubs are opera
tive. Phoebe, Nevada, has re-
gently appreciated the need o1
such an organization and has
formed one. The problems Of
the Black Hills, South Dakota
are handled with good results by
a similar body of men. Other
examples could be given, but
those cited should. be sufficient tt
show their value and spur othel
communities on to handle thei
problems in an efficient manner
Elk City mining news. (Elk City, Idaho) 1903-1913, 1906-12-29
President Recommends That They
Be Reserved By Government,
FOR ROYALTY SYSTEM
Would Lease Lands, Operative Uuder
Government Supervision.

In his second and last message
to the Fifty-ninth congress, Theo-
dore Roosevelt touched upon ore
item of great import to the min
ing industry, viz, the preserva-
ton of coal bearing lands from
wholesale requirement by coal
and railroad companies, says Den
yer Mining Reporter. The pres
ent investigation of the manner
of acquiring title to large areas
of coal land by corporations is re-
vealing the, necessity of protect
ing the coal supply of the nation,
and the presidents words will
accordingly find acceptance with
a majority of people. The full
import of his idea is best ex-
pressed in his own words, as fol-
lows:
1T is not wise that the nation
should ALLEVIATE its remaining coal
lands. l have temporarily with
drawn from settlement all the
lands which the Geological Sur
vey has indicated as containing,
or in all probability containing
coal. The question, however, can
be properly settled only. by legis-
lation, which IN my judgment
should provide for the withdrawal
of these lands from sale or from
entry, save in certain especial
circumstances. The ownership
would then remain in the United
States, which should not, how
ever, attempt to work them, but
permit them to be worked by
private individuals under a roy
atty system, the government
keeping such control as to permit
it to see that no EXCESSIVE price
was charged consumers. 1t would,
! of course, be as necessary to
supervise the rate charged by the
Common carriers to transport the
, product, as the rate charged by
= those who mine it; and the super
vision must extend to the conduct
: of the common carriers so that
they shall in no way favor one
competitor at the expense of an
other. The withdrawal of these
lands would constitute a policy
d analogous to that which has been
E followed in withdrawing the for
. est lands from ordinary settle
:. ment. The coal, like the forests,
S should be treated as the property
); of the public and its disposal
= should be under conditions which
: would lnure TO the Deneflt OF Cne
:. public as a whole -
The policy is plainly a popular
: one In the strict sense of the
: word. It's enforcement woulc
v probably meet with no objections
i on the part Of any save those
). with axes to grind. The analogy
e between the protection of the
d coal lands and the forest reserve:
it is we'll drawn. In speaking O.
@ the latter some weeks ago W,
e made the comment that it became
il the duty of the government tt
n exercise a protective benevolenc,
for and over it's constituents, ant
by reason of it's far-seeing wis
~ dom prevent the individual from
. ignorantly or viciously deprivins
Continued on page 81
Elk City mining news. (Elk City, Idaho) 1903-1913, 1906-12-29
Hotel Arrivals.

Elk Hotel-C. H. Natwick; ]. e.
Brown; John Grinde, Orogrande; P. W.
Quinlin. Orogrande; Mr.. and Mrs. Fred
Long, Orogrande; Chas. Svenson; j A.
Coverly, Red Horse Creek; j. M. Crunk,
City; Jake Prichard, Laurel Hill; ii, H.
Williams, Turnen Hill; ]. M Whitaker,
City; w. G. Litchfeld, City; Thomas
Cramer City; Bert Jones, Orogiande;
Mr.. and Mrs. French, Concord; D. A.
Higdon, Orogrande; Mr.. and Mrs. Mar
lam, Orogrande; l. D. Maxwell, Thun-
der Mountain; George Young Red River.
Elk City mining news. (Elk City, Idaho) 1903-1913, 1906-12-29

he left at once for Portland
Elk City mining news. (Elk City, Idaho) 1903-1913, 1906-12-29
Copper King Shows Up Well.

Copper King Shows Up We'll.
Pittock and Young, Portland men. and
owners of the Copper King property, on
Red river, were among the miners of
Elk City mining news. (Elk City, Idaho) 1903-1913, 1906-12-29

George v. Harrington of Lew
iston and Thomas O'Neil of Bill
ings, Montana, returned Sunday
to their homes after a short busi-
ness call here and in Orogrande.
Both gentlemen are among the
moving spirits in the Crooked
River company, and their visit
has revived hope again among
the people here and in Orogrande
that the wheels in the greal mill
on Crooked river will be set in
motion again soon.
Landlord L. A. Strong of the
Elk hotel has painted the interior
of the Office and the bar blue
color.
Elk City mining news. (Elk City, Idaho) 1903-1913, 1906-12-29
Hotel Arrivals.

Hotel Parr- Frank Nelson, Lewiston;
c. 3. Frensh, Meadow Creek. G. F.
Smith, Newsome; F. E. Duhrkop; P. H.
Leach, Four Mile; George c. Glatz,
Frisco Group; E. Crib, Frisco Group;
Mr.. and Mrs. M. H. Perry, Dixie; A.
N. Ingram; Nick Bowman, Sites; A.
w. Erickson, Concord; A. Blomberg;
G. H. Schofeld, City; VIM. Lewis; S.
Simmons, Red Horse; ]. L. Horner,
Concord; H. Olander, Concord; Chas.
Tiedeman; Bud and Willis Hbtcheson,
Orogrande; T. Macarthur, Deadwood; !;
Mrs. Hutcheson, Orogrande; Mrs. Nc
Clelland, Lillian McClelland, Orogrande;
Miss Richey, Orogrande; Will Finn,
Orogrande; Lee DuBoyd, Orogrande;
A. S. Johnson, Orogrande; Rich Klee-
sattle, Dixie; Mr.. and Mrs. Marshall
Chenoweth and child.
Sites Herald: P. E. Ellis is
building an addition to the por-
ton of his building occupied by
the postofice so as to give more
room for handling the mail, An
immense amount of mail goes
through the Sites office, and at
this season Of the year it is un-
usually heavy.
Mr.. Brown, father of w. Brown
of the Buster mine, arrived
Thursday.
Elk City mining news. (Elk City, Idaho) 1903-1913, 1906-12-29

You can get all the news for
So a year in the Mining News.
Elk City mining news. (Elk City, Idaho) 1903-1913, 1906-12-29

The Mining News will keep
you posted on all matters pertain
ing to mining in central Idaho.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-01-03
New York Cotton Futures.
Daily Cotton Movement.

Galveston-Qulet; middling, 1194c; net
receipts, u, 4S5; gross receipts, PASS; stock
231 ,206; exports coastwise, $50.
New Orleans-Easy; mddling, II 9-16c;
net receipts 324S; gross receipts, 324Si
sales, 800; stock, 340,OS2.
Mobile-Quiet; middling, II 5-16e; net re-
ceipts 1912; gross receipts 1912; sales, 500;
stock, 49, 475; exports coastwise, 1921.
Savannah-Dull; middling, II 7-l6c; net
receipts, 2912; gross receipts. 29l2; stock,
1875, 928; exports to Great Britain, 1877; to
the continent, 9SO5.
Charleston-Nominal; net receipts, A;
gross receipts, "A; stock, $500; exports
coastwise, IL.
Wilmington Nominal; middling, lie;
net receipts, 800; gross receipts, 500; sales,
POS; stock, 70, 469; exports coastwise, $50.
Norfolk-Quiet; middling. 11H2c; net re-
ceipts, 1881; gross receipts, 1881; stock,
Sc 1874; exports to Great Britain, 1902.
Baltimore-Nomnal; middling 11ssc;
net receipts, 2763; gross receipts, 3Sl3;
sales, 1896; stock, 1888
New York-Quiet; middling, .75c; gross
receipts, 31OS; stock. 225,S57.
Boston-Quiet; middling, 11.75c; net re-
ceipts, 7O4; gross receipts, 1923.
Philadelphia,-Quiet; mddling, 12c; net
receipts, IS; gross receipts, Is; stock, 2O9S.
Total today. at all ports: Net, 25,S47; ex-
ports to Great Britain, 6069; to the conti-
nent eS05: stock, 1,132, 49,
Consolidated, at all ports; Net, 60, 4S3;
exports to Great Britain, 93213 to France,
1900; to the continent, 1885, to Japan.
1922
Total since September /, at all ports:
Net. 5.115,319; exports to Great Britain, l.
597, Sal; to France, 4S1, 1877; to the continent,
l, ,4O6; to Japan. 1925; to Mexico 964.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-01-03
TRADING IN STOCKS
IS CONSERVATIVE
Broad a, Active Market Shows
Plenty of Strength
STRENGTH WAS IN SPOTS
Money Situation Is Less Acute, But Is
still UndeniabIy strlnsent-cus-
toms Collections Are
Large.

New York. January 2.-The action of
the stock market today indicated rather
more conservatism In the speculation
than was the case last week, even while
money rates were ruling at 100 per cent.
The speculation made progress today and
there was broad and active market
with plenty of evidence Of strength.
The strength. however, was in spots
and the market showed a large degree of
irregularity due to pressure of profit
taking on some of the principal market
leaders of last week. The action of the
market also showed the strain of MAIN
tanning the speculative position In the
face Of hope deferred in the easing of
money.
The money situation today was appre-
ciably less acute than last week, but
nevertheless the market was undeniably
stringent. The rate opened at so per
cent and there was small disposition to
yield below 80 per cent while the active
operations of the day we're still in progress
and belated borrowers made late con-
tracts at 60 per cent This was a distinct
disappointment to the hopes of some of
the boldest of last weeks spectators.
Many who took sighting view of the
Importance of a 100 per cent rate for one
day or two days, regard with less equan-
unity the possibility of rate consider
ably less. although still high should it
be maintained for a period Of days or
even weeks. The money market was
less affected today than was hoped by
the large disbursements of dividend and
interest money for which provision has
been making by the accumulation of cash
and by the release of sums gathered into
trust companies to strengthen their show
ing for the annual statement.
Such relief as is to be looked for from
these sources should come pretty prompt
ly, and the further relaxation which Is
hoped for from other causes will come
into effect more slowly. The deposit at
the sub-treasury on Saturday of $2.0O0,00O
for transfer to San Francisco proved
disagreeable surprise and helped to es-
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-01-03

tablish the credit balance of the govern
ment institution at the clearing house
this morning, which amounted to 1921, 400.
Without counting this, the banks have
already lost to the sub-treasury since
the bank statement $1,70O,00O. The GUS
toms collections of the government are
running to a very large amount from day
to day. The government interest payable
January / was paid in anticipation IN the
middle of the month. The decision OF the
treasury department to pay at once the
government interest due February 1 was
only small offsetting influence. the total
amount Of this interest being only 81, 7OO,-
Co.,
The money situation I'm the foreign mar
kets, however, eased deeisively. Discount
declined at London. Paris and Berlin
sterling exchange rising at Paris and Ber-
lin, and there was a sharp marking down
on the price of gold In the London mar
ket The Russian situation was considered
important Continental money markets
were relieved accordingly Through this
medium The course of money in foreign
markets is of Importance to the New York
situation, owing to very heavy sums bor-
rowed from foreign lenders for the con-
duct of the speculation here, and which
falls due within the next few weeks. The
facility with which these obligations can
be renewed, may have a bearing on the
future of the speculation here. New York
exchange at Chicago which has been
ruling ait a discount rose to small
premium today. Some stress was laid
on the fact that wagers ON the mayor
atty election i'm New York which were
held up on account of the contest were
paid off today Some special effect was
produced on sentiment by the manifest
pressure on the United States steel stocks,
Union Pacific and Amalgamated Copper
which were influential leadens of last
weeks advance. The recovery in the
money rate ON the demand from belated
borrowers late in the day added to dis
appointment over the small outside par
ticipation in the market, inducing a gem
eral overthrowing of stocks in the final
hour which carried the average level be-
low Saturday and wiped out many of the
carrier gains.
The closing tone was irregular.
Bonds were irregular Total sales, par
value, 80, 415,000
United States IS coupon advanced y
per cent, while the old Is coupon declined
/ per cent on CALL
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-01-03
COTTON MARKET
WAS UNSETTLED
Trading During the Day Only
Moderately Active
CLOSES AT NET DECLINE
New York Operators Feared the Cen.
sus Report Expected Next Monday
Would Prove Bearish.
Sales 100000 Bales.

New York, January 2.-The cotton mar
ket acted nervous and unsettled all today
with trading moderately active. Sales
were estimated at 100000 bales and prices
closed at net decline of - to IA points
The opening was weak at a decline of
II to II points in response to lower cables
than expected. There seemed to be no
support whatever aside from the covering
of some recent sellers, and there was
active liquidation following the call
through wire houses and Wall street COM
mission houses whose clients may have
been Influenced by continued high money
rates. Private advices from the south
claimed interior holders were paying no
attention to the fluctuations in futures
but local operators feared that the CEN
sus report expected next Monday might
prove beardsh and before the end of the
first hour prices were off to net loss
of 20 to 25 points with March selling at
II SO or Ia points below the lowest level
of last month and about log points down
from the high point of the season. At
this level covering became more active
and the market during the afternoon raj
lied several points from the lowest
March closed at II. As with the tone bare
ly steady. Southern spot markets were
report unchanged to S-16 lower but the
week end figures showed a considerable
falling off in the rate of spinners TAX
ings and spot demand was reported quiet.
Receipts at the ports today 25,347 bales
against S2.551 last week and 264S1 last
year For the week. estimated, $4,000
bales against 25,7S9 last week and 100000
last year. Today's receipts at New Or
leans s24s bales against 11,1b7 last year
and at Houston 1882 against 9746 last
year.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-01-03
Meat Market.

New York, january 2.-There was a
sharp advance in London tin carrying
prices about Ell 12s Cd to Ell 15s above the
closing figures of last week. Spots R162 IS,
futures 9162 Is Cd. Locally, quiet but
firm; spot quoted at 80. 65d736.OO. Copper
higher abroad spot e79 15s; future a79
Is 3d. The local situation, unchanged;
lake and electrolytic 1S.75019OO; casting
1S.371sq1S. TIA Lead, unchanged 560a5. 95
locally. In London higher at Ell los for
spot. Spelter higher in London e29 5s;
unchanged locally at 6.5006.6O Iron higher
abroad 53s I'd for standard warrants and
54s 101sd for Cleveland warrants Local
ly firm and unchanged, No. l foundry,
northern, 1S.75Q19. 25 No 2 foundry, north
ern. 1s25@1s. IS; No. l foundry, southern.
1S.50Q1s.75; No. foundry. southern, 1900
Q1S.25.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-01-03
Coffee Market.

New York, January 2.-Coffee, spot Rio;
No. invoice 3 1-16; mild; quiet; Cordova
9A412s4.
The market for coffee futures opened
steady at an advance of points in re-
Spouse to steady European cables. Trading
was very quiet and the market held steady
during the entire session on a moderate
and scattering demand which seemed ia
arise chiefly from expectation of an i'm
port duty and prediction for a large de-
crease in visible supplies before the end
of the season. Closed dull, net unchanged
to 10 points higher Sales were reported
of only 10000 bags, including January 6.45
$3.50; February, SIS; March, 665; May,
6.sGQ6S5; September. 7.05Q710; November.
20; December 100
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-01-03
Naval Stores.

New Orleans. January NAVAL stores
steady Pitch, s2.25; pine tar, s4.75; coal
tar, So. 30. Rosin per barrel of $50 pounds:
A, B, C, $3.50; d. s3.55 F, s.. 7O G, 81. 80;
II, $780, /, $500; X, $50; M, $780, NJ
IS so; window glass, 1918; water white,
$500. Turpentine firm.
Savannah. January 2.-Turpentine quiet
g cents; sales 100; receipts. 800; ship
ments, 1927. Rosn firm; sales 2426; re-
ceipts, 1885, shipments. 1862. Quote: A,
b. c, $3.50; d. s3.55; E. $3.50: F, SO. 62lz
G, 1856; II. 1910; I. $780, K. $50; M,
800 N, s. so; window glass, $50; water
white $500
Charleston. January 2.-Turpentine and
rosin, nothing doing.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-01-03
AbercrombIs g Co.'s Market Letter.

The small spinners' talxings during the
holidays, $4,000 bales against 100000 last
year, was looked upon as a very bearish
development especially in Europe where
sentiment seems to have changed so
much as to be productive Of such private
cables as were received this morning:
Market affected unfavorably by general
selling. Last weeks increase in the visi-
BILE supply considered heavy" Looks
lower; buyers are scarce. The feeling
here is bearish."
The course of the English market
would Indicate that such was the case,
even II no private cable opinions were
expressed, Liverpool closing at decline
of Ii points on futures and at loss OF
IA points on spots; sales Of latter on the
basis of 6.10d for middling.
A close analysis of last Fridays visible
supply statement, Notwithstanding the
extended holidays. in Anne lea, revealed
the fact that American and Canadian
spinners accepted 10000 bales, compared
with last years takings of $4,000 for
like period containing more hours by
day and a half than this year, and 1t
is probable that but for there having
been but three business days In Europe
during the same time foreign spinners
taking would have figured much larger
than 1000 last years $4,000, as foreign
mills consume weekly about 100000 bales
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-01-03
Interior Movement.

Houston-Easy; middling, II n-16c; net
receipts 1882; gross receipts, 1882; ship
ments 1881; stock, 107221.
Augusta-Quiet; middling, 111ac; net re-
ceipts, 5S4; gross receipts, COS; shipments
25O9: sales, 213; stock, 90,S69.
Memphis-Q middling, IL 9-16c; net
receipts 231O; gross receipts, 6S4s; ship
ments, 2O,2S9; sales, 1900; stock, 144222.
st. Louis-Quiet; middling, 11s4c; net
receipts 705; gross receipts, 2l2S; ship
ments, 2123; stock 1850.
Cincinnati-Net receipts $40; gross re-
ceipts, $40; shipments, 65c; stock, 14,426.
Louisville-Firm; middlng, 111sc
Total today-Net receipts, 1875; gross
receipts 237S7; shipments, 39,464; sales,
1713 stock, 394.247.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-01-03
New Orleans Cotton Market.

New Orleans, January 2-Spot cotton
very dull. There is no demand and but
few buyers visiting the sample rooms.
while sellers appear Indifferent sales, $50
bales, including 200 to arrive; delivered on
contracts, 300. Quotations reduced lsc;
middling II 9-16c.
Futures opened easy at a decline of j?
to 10 points since Fridays finals, infiu-
enced by lower Liverpool. After the
opening there was some liquidation by
longs and fresh short selling by bears,
Fridays closing. At this level shorts
attempted to take profits and the buying
caused prices to recover 10 to 16 points.
Thereafter the market recovered a point
or two. The closing was quiet the list
showing net losses of IL to 10 points.