davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
Mining Notes.

Five cars of ore from Alta. three from
Stockton, three from Idaho and two from
Bingham were reported at the Pioneer
sampler yesterday morning.
Nine cars of ore from Nevada. three
from California, five from Tintic and five
from Idaho were released from the Taylor
& Brunton sampler yesterday morning
Scion Spiro, president of the Little Bell
company spent Tuesday at the COMPANY 6
Park City bonanza mines. He stated yes
terday that the property was looking bet
ter every day.
James Farrell. one of the big men in
the Nevada Hills company has returned
from a pilgrimage through the Yellow
stone and is now getting ready to make a
trip TO Nevada TO see how things are NOV
ing at his company's Fairview bonanza
II. Otto Hanke, one of the directors of
the Daly-Judge company. and +. A Schu-
macher, another of the company's eastern
shareholders, are out from Cincinnati on
one of their periodical trips of inspection.
Mr. Hanke expects to spend several days
between here and the mine and before re-
turning to Cincinnati, he will probably take
a trip to the coast. Two of Mr.. Hanke's
nephews, Emil Hanke and Adolph Hanke.
jr., reached the city yesterday on their
way to the Yellowstone park. They will
probably leave for the north tonight
Fairview Miner: Frank b. Cook one
Of the prominent operators of Salt Lake
City. and a man who has done his share
towards exploiting the merits Of this
camp. dropped in the middle of the week
to look over the workings of the various
properties Mr.. Cook has told the Miner
that the Nevada Hills ground is looking
better than ever and in his mind there
will tap the ore shoot. which is believed
to exist there. Mr.. Cook has been over
the camp and says in strongest terms that
Fairview is certainly marvel for its age
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
Financial and Commercial
new HOSTING WORKS ORE RATES FROM TIHTIC
Magnolia-St. Louis Company Provid'
ing Heavy Equip
mani

Active preparations for the installation
of powerful steam hosting plant are
now under way at the property Of the
Magnolia-St. Louis company at Park City.
Manager James McGregor returned from
a trip to the property Tuesday evening
after seeing things started and when
questioned yesterday stated that he hoped
TO nave the new plant in commission
early in October. The shaft has attained
depth OF 80 feet. but, as the temporary
gasoline hoistlng equipment was not heavy
enough for further operations and no pro-
VISION had been made to handle the water
that makes in a spring near the shaft
above the 800 level, work has been sus-
pended for month or so past pending the
better equipment of the ground.
The machinery that has been in use will
now be moved away and immediate pro-
vision will be made for the installation of
route from the manufacturers The new
moist and pumping plant will arrive at
camp by the time preparations have been
completed to take care Of it and following
that winters supply of coal and other
necessary supplies will be put in to in
sure steady work and speedy results when
SINKING IS once under way again
There is no change in the status of the
scrap that IS on between the Magnolia-St.
LOUIS and the Silver King company over
the ownership of the ledge and the ores
King workings. Manager McGregor has a
cabinet of samples that were taken from
the workings during a recent trip under
ground and they give the impression that
the vein carries a great deal of material
worth cOntending for.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
FORM BIG MINING CONCERN
Salt Lake Men incorporate Nevada
Properties for $5,Ooo,OOO.

The Acknowledgements Copper company
which owns eight copper claims in the
Mason Valley mining district i'm Lyon
county, Nevada, filed its articles of in
corporation with the county clerk yester-
day. The capitalization of the company
is $5,OOOOOO. divided into shares of the par
value of So each. The officers are: Pres
ident, j. d. Wood; vice president f. ]
Hagenbarth: secretary and treasurer, w
9. Orem. All of these officers are direc-
tors, and the other directors are J. Bar
nett, A. J. Orem, w. V. Rice. r. r. Hast
ings, Arthur l.. Pearse and A E. Kim
ball. An executive committee is named
composed of f. j. Hagenbarth w c.
Orem and Arthur L. Pearse
The Ophir Tunnel company filed an
amendment TO it's articles of incorpora-
ton yesterday, making Salt Lake it's
principal place of business.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
FINE ORE IS CUT
IN THE CEDAR
NeighhOr Of TaliSman in Bea-
yer County Taps Rich Ore
off Shaft Workings.
STRIKE IN LITTLE CHIEF
NEW HOSTING WORKS FOR
MAGNOLlA-ST LOUIS.
STRIKE IN LITTLE CHIEF

In a short cross-cut from the 225-foot
mark IN the shaft being sunk on the Cedar
Mining cOmpany's property in the North
Star district Beaver county. "A fissure
has just been tapped that shows from
eight to ten inches of the richest kind of
lead-silver carbonate ore. Samples were
received by Secretary Herman Barnett
yesterday morning and, after taking out
all tho richer chunks and carefully re-
tanning the pieces of barren quartz that
had shaken loose from the samples he
sent the material to the assayer his idea
being not to learn what the best rock
the stuff would yield. When he received
returns he found that the material car
rted "a per cent lead, 81 ounces silver and
81 in gold per ton.
The shaft is about fifteen feet below the
22b-foot level now and the letter which
pertntendent Henry Green stated that an
other fisEure had been cut i'm the shaft.
Higher up several seams Of ore had been
cut and. from the action Of all of them,
II Is expected that, lower down they will
merge and form a compact and large body
OF fine shipping ore.
The shaft on the Cedar property is GO
ing down at a short distance from the
workings of p. y. Mckean's famous Tai
isman and the management has no doubt
bt all that when moderate depth has been
attained another fine producer will be adj
ded to Beaver county's rapidly growing
list F1ssure after fissure i'm these proper
ties are IN evidence on the surface and
not a single one OF them but what con-
tains more or less fine ore. Depth is re-
lied upon TO disclose the main source of
their filling and when that point is
ton many big mines are confidently eX-
Dected 10 be developed.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
SHEBA MEETING HELD.
Michigan Operators Name a Strong
Board Of Directors.

The annual meeting Of the Sheba COM
pany. scheduled for Monday and held over
on account of that being a holiday. was
held I'm this city yesterday A new board
Of directors was elected and. within the
next day or two il will meet and select
its officers for the ensuing year. The
new board is a powerful one and. with one
or two exceptions is made up Of opera
gan. as follows: w. s. Cleaves the big
foundFyman Of Hancock: w B. Nc
Lsughlin. cashier Of the national bank OF
HOughton: William Bath. of the Quincy
Copper company; John S. Harris and Mat
they NJ Van Orden OF Houghton; J. NJ.
Burdick Of New Briton. Conn. and S. P.
Armstrong Of, Salt Lake
Since the Michigan crowd went into con-
troll of the Sheba properties. which arc
located near Mill City. Humboldt county.
Nevada. there has been a great deal doing
and the shares Of the corporation have ad-
varced 10 well over the % cent mark from
around Is cents. The old mill on the
property has been placed i'm repair and
used constantly during the season. while
the erection OF a much larger and up-to-
date plant is now under way. Mine de-
velopment has been vigorously pushed
along systematic lines and the showing
made has been one with which all con-
Cerned are well pleased.
There Is n consignment Of crude ore and
concentrates now in the market and others
will follow at intervals. while by next
spring the company expects to oe I'm shape
TO make a record Of which those inter
ested in the company may well feel proud.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
Mine Owners and Railroad Officials
Meet to Discuss Sub

The mine owners Of Tintic and the rep
resentatives of the railroad companies
over whose lines the ores of the district
are hauled to market met in the parlors
OF the commercial club yesterday MORN
ing and went into the subject of read
gusung the freight schedule at considera-
pie length. The committee of the Mine
owners, association had previously pre-
pared great deal of data concerning
the tonnage of the district and this was
supplemented by statements of individ-
uals and company representatives touch
ing the points on which the petition for a
readJustment was originally asked
Propositions by the railroad representa-
tives were met with counter propositions
oy the mine owners, and when the meet
ing tlnally adjourned it was with an I'M
outstanding that the subject should re-
celVe immediate attention and a renIy
from the railroads as soon as il was pos
side 10 refer the subject to final head
quarters and receive instructions
Inc negotiations, which have been car
rled on for many weeks, have been
marked by the utmost good feeling and
an earnest effort to get at just what
ought to be done, and the mine owners
are sanguine that favorable results will
reward their efforts to get rates so ad-
Justed that a broader plan of campaign
can be 1naugurated at many of the prop
critics OF the camp, thus insuring longer
lie TO the mines and the marketing of a
product that cannot under present re-
stricuons, be handled at all
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06

KEPT IN CHECK
StrlngenCy of the Money Mar
ket Prevented Operators
Extending Themselves.
CALL LOANS OUT OF SIGHT
LATE ADVANCE WHICH WAS
WELL HELD.

New York. Sept. 5.-The continued strin-
gency of the money market kept the
speculation in stocks in check today. as
is shown by the shrinkage in the total of
shares sold during the day at the stock
eHchange There was some depression in
t me market, but its moderate proper
tons, IN view of the unpropitiouS circum-
stances, was accepted as negatively ia
V0rable. First loans on call were made at
IL per cent and the rate ran up almost
Immediately TO "A per cent and in the
afternoon to 40 per cent Many of the
banks asked 20 per cent as the renewal
rate on standing call loans. The local
banks were practically out OF the money
market in the sense of extending any
new credits and the supply for fresh Dor
rowers came almost entirely from out-of-
senting foreign funds, the proceeds of fl
nance bills which were sold freely in the
foreign exchange market
The resistance shown by stocks TO the
influence OF the money stringency during
the mid-seaSon was due to the confidence
that relief would be promptly forthcoming
FOR thc money market. This protested
confidence was based on conjecture rather
than on any actual amelioration i'll money
conditions. The favoraite mea sure pointed
TO IN the current surmise was action by
the United States treasury department.
The prevailing stringency I'm money was
urged as justifying action by the authori-
ties to release the idle surplus funds at
the command of the treasury. Hopes
were expressed that the secretary of the
trasury would resort again to the meas
ure employed last April for facilitating
gold imports when government funds
were advanced to national banks which
intended to make gold imports, thus saw
ing interest charges during the period of
transit. but the secretarys order to that
effect did not become publicly known I'M
til after the close of the market.
Today 81 100000 was transferred 70 San
Francisco. On the side of the foreign ex-
change market, the influences were mixed.
Some of the engagements rported yester-
day of gold shipmnts to New York were
COntradiCted today. Time loans for 80
days advanced TO 8 per cent and the six
months rate was 61z TO per cent A
strong rebound in American Smelling on
the appearance of the annual report sym
pathetic strength in Amalgamated Copper
and fresh rise in Union Pacific were
the sustaining features in the market and
the late advances were fairly we'll sus-
tanned, until the closing, in spite of a
rate OF 10 per cent for call money.
Bonds were irregular. Total sales, par
value. 81 292 600.
United States IS advanced 4 per cent
on call.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
MAKING A NEW MINE.
Nelson-oueen Company Preparing to
Go to the Deep.

Some exceedingly fine looking SAMPLES
OF carbonate ores from the Nelson-O Queen
consolidated companys Park City proper
ues are being shown at the offices of the
company here. Assays had on SATURDAY.
disclosed the presence of IS per cent lead
20 ounces silver and 40 ounce gold fig
ures indicating value of better than 500
per ton for the ore. The properties of the
company are located. in the Elkhorn dis
trict, about three miles east of the on
tarlo and embrace the seventeen claims
formerly owned by the Nelson and Utah
Silver Queen companies
A double compartment working shaft
which in size and manner of timbering
IS an exact counterpart of the Silver
King company's shaft is now being. sunk
by the company II has attained a depth
or $50 feet and the intention of the man
agement is to go to the 200 level and then
CrosSCut for the ore bodies exposed in the
old shaft and tunnel workings while the
shaft itself is carried on down To the
deep.
Warren c. wilkins. president of the
company. stated yesterday that arrange
ments were being made for the installa-
ton of a hosting plant capable of operat-
ing TO a depth of at least 1 800 feet A
pumping plant TO handle whatever water
may be developed will also be installed
as will also first-class> compressor
Enough ore has already been devel-
oped IN this property" said Mr. Wilkins
to fully warrant the perfect equipment
or the mine and the sinking of a deer
shaft. The old companies did the best
they could with the means at hand but
they lacked equipment TO get down into
the Sulphide ore zone. The new shaft is
going down ia a point 500 feet away
from the older workings. but the stringers
of fine ore that have been cut in sink
ing the 150 feet leaves no room to doubt
that when we crOSScut TO the main ledge
on the 200-foot level We shall encounter a
big body of first-class ore. We expect tc
make one Of the best miries in the camp
of hnr CHI
the property in the manner we have de
cided to do"
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
GRAIN AND PROVISIONS.

Chicago, Sept. 5.-The CONTINUANCE OF ex-
cellent harvesting weather i'll the north
west had q weakening effect today on the
local wheat market. The December deliv-
cry closed at a net loss of y cent. Corn
was down Is. Oats were off 3 cent. Pro-
visions were 2lgd5 cents higher.
Trading on the wheat market was not
active and sentiment was bearish nearly
all day Pit traders were sellers through
out the greater part of the session and
there was also considerable selling by
cash interests. There was nothing espec-
ially bearish in the news of the day but
the greater part of the selling was APP
parently due to the fear of a material
increase in the movement Of wheat from
the northwest The market closed weak
and almost at the lowest point of thesday
December opened 1sGA lower at 731N3i,
cents. sold up to 7314Q73Ss and declined &c
72ss The close was at 7244
Lowest cables, lower local receipts and
excellent weather conditions induced free
selling of corn and RESULTED in moderate
weakness. The close was weak. Deem
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
REAL GOLD COMES
FROM BLACK HORSE

The first batch of real gold from the
Slack Horse district. near OsCeola. New
was brought up from camp yesterday
morning by Z, r. Wooley of the San
Pedro company. 1t consisted of approx
imately s5,Ov0 worth of gold-bearing ANAL
gam, the result of a trial run at the mill
ing plant of d. s. A. Whitney at Osceo-
Ia. The result is important as showing
beyond cavil that the district has merit
and that the properties of the San Pedro
company hold the goods. Mr. Wooley
states also that a carload of crude gold
ore is now being made up at Newhouse
and that 1t will be ready for shipment by
today, rs the last load was passing
through Garrison when Mr.. Wooley came
out.
Prospectors are going into the district
from all directions, and the expectation
is that lively doings will be the rule all
through the fall and winter months The
town of Black Horse is growing daily and
supplies of all descriptions are going in
as fast as teams can be secured to haul
them.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
LITTLE CHIEF STRIKE.
Looks as Though a Real Ore Body
Was Developing.

While the management of the Little
Chief company has BEEN averse to claim
ing a strike In its property and while II
IS still insisted that no disclosures have
been made over which 20 get excited. il t.
admitted that the property is looking bet
ter than it has ever done.
On the S00-foot level ore began TO make
its appearance several days ago and at
this time. according to reports from camp.
more than one-half OF the drift is i'm good
ore, with a fair prospect Of better things
ahead. Ore has not been continuous since
81 first made its appearance, two weeks
or more ago, and for that reason IT has
been felt that to claim a strike might
prove misleading. Slips Of lime and lime
houlders have frequently cut the ore out
altogether. but as the drift is advanced
# looks as though a solid body Of good
ore might be encountered at any time.
II Is said, also. that the bottom of the
drift shows up better than the top, indi-
eating that the shoot, II such ii proves to
be can be expected to show up even bet
ter az greater depth. There is much IN
conditions TO feel encouraged over. but it
IS claimed that II IS yet too early 10 bank
on what the future will disclose II looks
good ano ought to turn out we'll but the
management will not offer prediction
as to what viii come.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
MINING STOCK EXCHANGE.
DAILY and Little Chief Show Up Well
but Market Is Generally Weak.

During yesterdays trading on the min
ing exchange a total OF 1884 shares OF
stock. with n selling value Of S24O2l %.
changed hands. DAILY moved IN few
more notches 70 s1.75 and Little Chief was
lifted from SIC 10 &c. II then dropped
back TO &c. and closed at Sc a share. New
York was let down TO 33c. Beck Tunnel
from SSc to SAC. Silver Shield to Sc and
Uncle Sam 70 37lz0 Nevada stock Jared
much in the same way and the day was
anything but strong one.
There was no apparent cause for the
general weakness and shorts found IL easy
TO cover at any point they desired on
r,ra ctically their own terms. II is not
believed that there is any danger of
serious break in the market. the lack OF
interest being attributed largely TO high
money rates i'm the east and a desire
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
Metal NJ arkets.

New York. Sept. 5.-There was a sharp
advance in the London tin market. with
spot closing at s1S5 and futures at &lS4
rs Sd. Locally the market was steady and
higher in sympathy with spot, quoted at
40 35G4G.50, some asking as high as 1910.
/ Copper was higher in London, with spot
and futures both quoted at $50 IS cd. Lo-
cally the market is strong and shade
higher with lake quoted at 1SS7l2Q19 90;
electrolytic. 18.S212GlS.75; casting, lS.S21zg
1850.
Lead was IS cd higher at Ell lis Cd in
London. Locally the market was UNI
changed at 5.75G5.90.
Spelter was steady at 5.OOq6N locally
and at Ell los in London
IRON was lower in the English market
with standard foundry quoted at OBS led
and Cleveland warrants at 54s 412d- Lo-
cally iron was unchanged. No. foundry
northern is quoted at 20.O0d21.00; No.
foundry northern 1950d20O0; No. 1 fOun-
dry southern. %. 5OQ21.O0 No ? foundry
SOut bern. 2050.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
CITY ROCKS ANNUAL.
Directors and Officers Chosen for En-,
Suinu Year

The annual meeting of the City Rocks
company was held yesterday and, follow
ing the election of directors the board
was organized by the election of officers.
The result of the meetings was as fol-
lows: w. S. Cleaves. president; John Ed
wards. vice president: James p. Edwards,
secretary and treasurer; r. L. Edwards.
manager of the properties and w S.
Zehrlng, assistant secretary. No other
business was transacted.
A carload of rich ore from the COM
pany's property will be on the market to-
day, with others to follow at regular
intervals. The mines of the company
are beginning to make noise in the old
camp of Alta.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
utah Stocks in Boston.

Following is the list of Utah and other
stocks traded in on the Boston exchange
yesterday showing the range Of prices and
ing the report, which is furnished by
James A. Pollock & Co.. is the market
letter of Paine, Weber q Co. as follows:
Boston, Sept. 5-Money ruled high all
day and it made the market weak, but
this afternoon the Amalgamated and
Union Pacific pools advanced their stocks
In spite or everything; we are told that
would buy 1t and Anaconda now. Keep
good strong margins, however, and pay
cash for all you can. as interest rates will
probably be stiff all the month. Sell St
Paul. Union Pacific, Southern Pacific and
Reading every time they are especially
strong. Quotations:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
Money. Silver. Etc.

New York Sept 5.-Money on call
strong, 17d2O per cent; ruling rate, %;
closing bid, 35: offered. 40 per cent; time
loans strong sixty days, 7G712 per cent;
ninety days. per cent; six months, 612q
7 per cent
Prime mercantile paper. Sal per cent
Sterling exchange weak at 4S31Gd4. 1915
for demand. and at 4SOd4 SO05 for sixty
dav bills posted rates 4S11264S2 and
4S415d4S5 commercial bills. 4S2S4
Bar silver, SIS
Mexican dollars. 5124.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
Cnffee and SUGAR,

New York, Sept 5.-Coffee--Spot. Rio;
ontet, mild, steady. Coffee futures closed
steady. ret unchanged TO 10 points lower.
Sales were reported of 81 go bags. includ-
ing September at 7.9Gd795: October. Sos;
December. 6.15@620: January, 625; March
& s55f6 As: Nav. 6.5OG655; June, $50; July,
6, 60ST6 60: August. 6.70d675.
-SuCar-Raw. firm; fair refining. 39sd3l2;
centrifugal, sc test. 4; molasses sugar. 3ls
A2IL. refined steady.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06

on the part Of many here who play the
eastern stocks to close out their deals
there
Following is the list of final quota
tions and record of sales made during the
two regular and open board calls:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
Treasury Statement.

washington. Sept. 5.-TOday's statement
of the treasury balances in the general
fund. exclusive of the $150,OO000O gold re-
serve. shows: Available cash balance.
S2O1, sol, 3O7; gold coin and bullion, Slo9,yi2,-
412. gold certificates. S64.l991lO.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
Metal NJ arkets.

Silver, 672sc per ounce.
Copper (casting). 1Sc per pound.
Lead, $5.75 per 100 pounds
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
Open Board.
Afternoon Sales.

Nevada Hills 100 al 30215.
Silver Shield. 1000 at 8.
Beck Tunnel 100 at So.
Colorado Mountain. 800 at AS 100 at 40;
10C at 80
Little Chief. 1000 at .; 300 at so; 1900
at So; 1000 at SA.
New York LOCO at % seller 80 days; 900
a 1871; $500 at 80.
Tetro 5000 at 10 buyer 50 days.
Yankee. 900 at %.
South Colorado. 400 at So
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-06
les! Open. High. Low. Close.
Ore and Bullion.

Ore and bullion settlements in this city
Yesterday, as reported by Mccormick &
Co. amounted to s145.000 as follows: Sill
YER lead, gold and copper ores, $4,000
base bullion. $4,000