davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
NO DISPOSITION
TO BUY STOCKS
On the Other Hand Long Hold
erS Are Seemingly AnXi-
Gus to Let Go.
PRICES ARE DEMORALIZED
BEAR PARTY USING GREAT eau.
TON.

New York, June 29.-Stocks came upon
the market freely from time to time to-
day in continuance of the liquidation
movement recently in progress. The re-
suit was a sort of nfbbling at prices
which made constant inroads upon values
and was highly discOncerting to holders
of long stock The consequence was a
growth in selling pressure until the final
market took on the weak and semi-de
mOraliZatiOn which characterized We'd
nesday's break. In few cases prices got
back TO a lower level than during the de-
cline of the first part of yesterdays ses-
sion. The bear party showed great eau
ton in their operations and made no such
raids on prices as were in evidence carrier
in the week 1t was evident that wait
ing demand existed at the lower levels
and this was attributed to the OutStand-
ing shorts who took the opportunity IN
this way to realize their profits.
There were no important incidents bear
ing on values in tOday's news. Money on
call was active all day in consequence of
calling of loans by the banks in prepa-
ration for meeting the July settlement
requirements. The fact that this Is the
last day of preparation previous to the
July 1 payments, as the money market
at the stock exchange is wholly nominal
on Saturday, left room for some feeling
that the worst effects of the. coming re-
quirements were being felt in today s
money market
Advices from Washington during the
day pointed to the possibility of a final
adjournment of congress tonight As
large short selling for bear account Is be
lieved to have been based on apprehen-
sions of further congressional action
against corporations. professional operat-
Ors looked for some covering demand
upon the actual adjournment Of con-
gresS- The argument was also heard that
the administration programme against
the trusts has been outlined leaving no
further measures to be feared The
seeming restraint with which the bears
operated in the market was accounted
for by these considerations.
The SuppostiOn that money viii work
easier with the turn of the half year also
played a part in the days operations al
though it was pointed out that on pre-
vious occasions the unsettlement in mon
ey has continued for several days after
the period Of the settlements. The an
nOuncement Of about 100000 gold secured
from the Bank Of England for import to
the confidence that next weeks exceed
ingly large arrivals of South Africa gold
in London would be secured for New
York. TOday's reports of net earnings of
railroads for May made a very strong
showing with the exception of that for
Reading. which showed the final effects
Of the anthracite miners strike. The
lowest prices of the day were touched in
the last hour. and the market closed
weak and near the lowest, with material
net losses throughout.
Bonds were heavy. Total sales, par
value. S.170000.
United States IS coupon declined Is per
cent on call.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
WATER IN NEvADA-sUPERIoR
Management Has Cut a Flow That
VIII Meet New Mill Needs.

Manager Ford W Ccrreli of the Ne
vade-SuperiOr cOmpany's properties was
Ongratulating himself yesterday because
Superintendent VIII Gray had made A
requisition upon him for a pump with
which TO handle the water he has just
encountered on the 300-fOot level of the
mine. The order was filled and within q
week or so the station pump ordered yes
terday will he installed When the east
ern members of the c0mpany's official
household were at the mine two or three
weeks go ii was decided that a milling
plant should be purchased for the prop
erty and the only matter that then caused
any concern was as TO where a good flow
Of water would be secured. While some
water makes in the mine, il was realized
that. in order to supply a mill of 100 tons
capacity would necessitate the building
Of storage tanks of large capacity. 1t
was then decided to try am develop a
greater flow on the foot wall side OF the
ledge The superintendent started a
crOss-cut into the foot wall country and
was soon rewarded for his trouble. he
now has a good flow and states that he
is certain Of his ability 10 develop more
if it should be needed
Manager Ford states that the mill ques-
ton is now settled for good. The char
acter of equipment has already been de-
cided upon and. before the end of July,
he expects to have construction on the
plant which will be equipped to treat
thirty tons al the start, with crushing
capacity for 100 tons. finished In order
that advantage can be taken of the good
summer and fall weather, the machinery
and equipment will be the first thing to
look after. The housing IN of the plant
will be done at the convenience Of the
company A great mass of so TO 80 ore
is blocked out in the mine above the 200
level and, before the mill is ready TO
start. the property will be in shape to
produce a fine tonnage, not only OF mill
ing, but first-c3ass shipping ore a. well.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
OPTIMISM is GENERAL.
Close of Most Successful Fiscal Year
in Nations History.

New York June 29.-R. g. Dun e Co $
Weekly Review of Trade tomorrow viii
say.
Today closes the most successful fiscal
year in the nations history thus far, and
optimism is so general throughout the
commercial world that the next twelve
month period promises to carry the high
water mark still higher. With few ex-
ceptions the crops are making good prog
ress and the new year will start with
more business on the books of manufac-
turing concerns and greater enterprises
and undertaken in contemplation than
on any previous July list Scarcely any
labor struggles Of Importance exists. and
there Is no initiation of securities through
specul alive operations with borrowed
money These are some of the reasons
for confidence in the future Railway
earnings for three weeks of June We're
10 per cent larger than last year. and
d disbursements for interest and dividends
at this center next north are estimated
10 be $3.50 900 which is about $4,000. 900
larger than a year ago. One of the ad-
verse reports Of the week is the delay
TO rebuilding San-Francisco BY the high
price OF labor and the hardness of insur-
ance settlements Foreign commerce at
It's port for the last week shows gains of
S.. 722. al in imports and 81 249 rs in exports
as compared with last year
Failures this week v ere 90 in the United
States against 349 last year and y in Can
ada as compared with is year ago.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
NEVADA HILLS SHIPMENT.
Initial Car of Ore From Property Is
Worth Over $500.

The initial carload Of ore from the Ne
Vada Hills company : FalrV1eW property
was sampled yesterday and. according to
the control assays. the thlTty-One ana
proXiIna tely S6.533. or SEQ ton. The
assay certificates show that the ore car
ries "a ounces gold and 1886 ounces silver
per ton
ground practically at grass roots, where
clean mining and sorting was an impOs-
sibility. these figures speak volumes for
the value Of the property and the class
of ore that the ledge holds. The returns
more than meet the expectations of the
management regarding this particular
consignment. and Manager w Y. Rice
expresses confidence that the next ship
ment and those to follow will tel a much
bigger story Here. where so ore is con-
sidered all that anybody ought to de-
mand in the way Of values in shipping
ore. and which IS probably SO above the
average. this ore from the Nevada Hills
VIII be considered as simply phenomenal
as II is
Ninety DAYS ago there was not hole
in the Nevada Hills COmpany's groGnd
that man could hide in Since then
the company has opened the vein IN two
or three places and reached a depth IN
q couple of them of about seventy-fIve
feet In addition an operating tunnel has
been advanced quite distance into the
mountain in the direction Of the veins
and a road 10 the dumps has been built
at a cost of SS.0o0 to $4,000. As develop
ment has progressed the ore taken out
has been sacked for shipment and teams
are now moving a good tonnage toward
the railroad loading station at HaZen.
AS the mine opens up and room IS made
for men the operations of the company
viii be enlarged upon and by the end
Of the present year the magnitude Of the
Nevada Hills property will be better IN
derstOOd
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
Mines and Mining Stocks

down to the 2O0-foot level. In the mean
time these iessees viii stope ore for the
mill. They estimate that they have eX-
posed in the workings of the three blocks
boye the 75-soot level about 1000 tons of
ore that will assay So and it is the in
tention 10 haul about two tons per day
TO the mill In the meantime two shifts
will be employed in sinking the shaft,
which should reach the 500-foOt mark ere
the present ore reserves are exhausted
The mill has been rsnning this past
week on Buster ore. and has a contract
for 100 tons from the RedmOnt mines,
eight miles north of camp The manage
meut advertises to treat all free-milllnS
ores for s. per ton. and it is expected
that several other properties viii resume
work now that milling facilities are at
hand.
NJ F. Richter OF GoIdfield has also an
nOunced the intention to build a cOncen-
trating plant at Cottonwood on the west
side Of Fish Lake valley, for custom ore.
The Lookout mill in that vicinity is grind
ing away on ores from the Efflpser
mine. On the east side of the valley the
Golden Silver Peak company has installed
a hoist. and is now engaged in sinking
shaft, and every day word is expected
from the main offices of the Palmetto
Mining company at Philadelphia to blow
rhe Il hiSfle-'
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
GRAIN AND PROVISIONS.

Chicago. June 29.-Sentiment in the
wheat pit was inclined to the weak for
the greater part Of the day but several
times the market rallied slightly on COW
ering by shorts which was based on the
excellent weather for the harvesting of
winter wheat There was a little rally
early in the day on buying by commits
sion houses with northwestern connec-
tons The news from the northwest was
again of a bulIiSh character. additional
rains being reported in various sections
of the winter wheat country. Later in
the session the market was affected by
reports from Missouri and southern Illi-
nOis which claimed that the yield of
wheat in those sections would be very
heavy During the last hour the market
was extremely weak on general selling
Shorts were the best buyers. The close
was weak with prices close to the lowest
point of the day. September opened I'M
changed to sc lower at S27sc to Sc, sold
at S3ssc and declined to S15sc, closing 1AG
1%sc down at S13saS1%4c-
Light country aCCeptances and lively
spring shipping demand caused the corn
market 10 be strong nearly all day. Sep
ter1ber closed unchanged at 5214c.
The oats market held strong September
closed firm, &c Vp at 3elzc-
Trading in provisions was very quiet
Early in the day the market was firm
on buying by local packers but later the
market eaSed off a trifle in sympathy
with the break in wheat. At the close
September pork was down 10c. lard was
unchanged and rios were 5G7lzC higher
The leading futures ranged as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
New York Mininu Stocks.
CONCERNING THE THOMPSON.
Little Likelihood That Company Will
Do Anything This Year.

While the subject has not been official
" and formally taken up as yet il is now
safe 10 say that the Thompson company
properties in the way of development this
wear. It was the plan TO call meeting
of the directors and decide the matter
uDon the return of id. Wood from Ne
wade a few DAYS ago When he reached
here Ezra Thompson. another of the big
men in the company. had gone away, and
the meeting has. therefore. not been held
Si,,ce his return from Nevada Mr. Wood
has been looking into the proposition and
he stated yesterday that in his judgment
the thing for the company to do is to
hold off a while longer. He argued that
he developments of neighbors, the Little
Bell DAILY West. Daly-Judge and West
Quincy were certain to demonstrate. in
a general way, the value of Thompson
ground as their operations covered three
sides OF the Thompson group. BY next
spring. possibly the Thompson manage
nent would know many things about the
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
HERE TO REMODEL
BINGHAM PLANT
Engineer H. L. Charles, of the
HeinZe Staff, Comes to Make
Changes in SmeIter.
NEVADA HILLS SHIPMENT
INITIAL CARLOAD WILL SELL TO
DAY FOR $500.

The remodeling, enlargement and i'm
provement that has been planned for the
smelling works of the Bingham Cons5Ii-
dated company are 10 be undertaken al
once. II. L. Charles, the smeiter expert
and chief metallurgical engineer on the
staff Of F. A. HeinZe, came from Butte
yesterday morning 10 start the ball roll
ing. and he promises that when the task
is completed the Bingham plant will be
right up-to-date. Contracts for some of
the equipment that is to be made a part
Of the remOdeled smel1er have already
been awarded; the plant. it is to be,
has been all planned. and the work OF
making the changes will be rushed as
rapidly as possible
The shelters of the Montana Ore Pur-
chasing company, the plants that have
served Mr.. Heinze'S companies for so
long at Butte, are now being closed down,
and when they are finally disposed of
Engineer Charles viii change his per
manent headquarters from Butte to SAT-
Lake, his calculations contemplating the
removal Of his family here some time du-
ring the month of August
-Four fourteen years Mr. Charles has
operating big copper smelling plants in
the great camp OF copper to the north,
and for the last fourteen years he has
been in charge of the NJ o. p. works,
works which. previo,.. TO the building of
the great WaShOe plan by the Amalga-
mated company, were he finest in the
land. The splendid methods which have
been woven into the SmelterS OF Butte
and every new and tried feature OF the
business that can be made applicable are
10 be introduced at the Bingham COM
pany's plant in this valley and. as money
is not to be allowed to stand in the
way, il will not be long till the works
are made into models Of efficiency, econ
omy and capacity.
Utah and this valley. Mr. Charles IS
confident, viii be the greatest smelling
center in the country and. while he does
not presume to discuss the plans of Mr..
Heinze and his friends in the mining
business, ne has no doubt that their pres
ence in this region viii be felt as they
recognize and fully appreciate its strong
position. geographically and in the sense
Of mining opportunities. as well
Mr.. Charles is no stranger in Utah.
As a boy ne was employed at the old
Flagstaff smelter at Bingham junction,
one of the first shelters erected in Utah
II was built to treat ores from Alta,
American Fork and other camps TWen-
ty-seven years ago he became Identified
with the mines and smelters of Butte
and he has been there ever since
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
Metal Markets.

New York June 29.-The London tin
market was lower with spot quoted at
E176 JOS and futures at Els The local
market was quiet with spot at S3S59lI IS b.
Copper was . Sd higher in the London
market with spot quoted at eS1 5s Id,
and $50 los for futures. Locally the mar
ket was unchanged with lake quoted at
SIS. 50d19O0: electrolytic, S1S-25GlS- 81 2
casting, s1S121zd1S.2J-
in London. but remained quiet at $3.50
80 in the local market.
Spelter was unchanged at e27 IS cd in
London and $6.O0G610 locally
Iron was little higher in the English
market with standard foundry quoted at
49s Sd and Cleveland warrants SOS. LO-
caIIv the market was unchanged
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
DoINes AT PALMETTO.
Leasers combine-New Custom Mill
in Operation.

Palmetto. New. June 25.-The past week
has witnessed a combination of three of
the most promising of the leases on Bur
lington hill, blocks I. and on the Gold
en- Gate claim Of the Death Valley & Pal
metto Mining cOmpany'S holdings. The
combination was effected by local men
who purchased the Walters and Evans
4 Fem leases. The company has grant
ed them an extension of six months. Civ
ing them one year from July /. and has
also agreed 10 furnish a Whim, which will
be sent out from GOidfield before the
first OF the month. The shaft on the
Devliu & Franks block. which is in the
vein at a depth OF % feet, win be driven
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
MINING STOCK EXCHANGE.
Market is Growing Extremely Dull
and Lifeless.

During yesterdays trading on the min
ing exchange a total CT 23,025 shares d
stock with a selling value Of $I3, 49, 20,
changed hands The figures indicate to
what extent the market is flattening out.
The trading was slow ana scattered
through the list in q way that Detokened
lack of interest and lack of orders all
around. Beck Tunnel IS gradually NOV
ing up and most of the other Stocks
with the exception of New York and
Lower Mammoth show fairly good
strength. Thompson is well taken around
42c and appearances indicate that the
stock is gradually working into strong
hands. It is claimed that there are now
less than 800 shareholders in this com
pany.
Following is the list of final quotations
and record of transfers made during the
two regular and open board calls;
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
TINTIc ORE SHIPMENTS.
Number of Cars Sent Out During the
Week Was $50.
(Special to me HeraId.l }

Eureka, June '29.-For various reas sons
none OF which have had anything TO do
with the physical conditions of the mines
shipments from this district for the week
ending last night were hardly up TO the
average Gemini is short owing to the
fact that a lot Of dump ore which has
been going to market is now cleaned up
The Observation-Disclosures produces as the
demands of the smelter require and the
same is true of Eagle K Blue Bell and
Dragon Iron Carisa shows up we'll with
eight carloads. and several other of the
producers, including Grand Central. But
liOn-Beck, Eureka Hill. Black Jack and
Victoria, are sending out a good tonnage
During the week a total of $50 carloads
were shipped from the following prop
critics.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
Money. Silver. Etc.

New York. June 29.-Money on call,
strong and higher. 4Izd6 per cent; ruling
rate, 50 per cent: closing bid, AZ per cent,
offered at ) per cent
Time loans. very dull and steady: sixty
DAYS. AZ per cent: ninety days, 42 per
cent: six months. 5a514 per cent
Prime mercantile paper, 5051z per cent.
Sterling exchange, weaker. after ad-
vance. at S4S470 for demand and at A.Sl&
d4S2 for sixty day bills. Posted rates,
81. S21kd4- So and 81 S51zGI4.S6.
Commercial bills. s4S124,
Bar silver $3.50.
Mexican dollars, 502sC-
Government bonds easy
Railroad bonds. heavy.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
Mining Notes.

The Horn Silver Mining company
checked out its June dividend Of $4,000
yesterday.
W. NJ. White, the mining ard civil en-
gineeT. is confined to his home with a
severe attack of lumbagO.
Three carloads of fine lead ere frorn the
Carbonate Hill COmpanvS properties were
being sold by Manager Matt A. Daugherty
yesterday
Two carloads Of ore from Tintic and cre
each from Alta. Stockton and Bristol,
New. were reported a. the Pioneer sam
pier yesterday morning.
Eight carloads Of ore from Tiutic three
from Bingham. two from Nevada and one
from Peterson were released from the
Taylor G BrUntOn sampler yesterday
morning.
John - Hamm the Evanston lawyer
who : largely Interested in Utah mining
properties. was over from the Wyoming
village. which he is pleased to call home,
yesterday
Joseph J. BambeTger. accompanied by
Engineer Sydney Bamberger and W NJ
Mainland. the latter of the Flagstaff Con-
soiidsted. went to Alta yesterday to make
an inspection OF the West Columbus Cop
per cOmpany's property. Arrangements
for the beginning of work will be made
while the party 5 at camp
Charles NJ Dull of the Britannia Cop
per company, who has been TO New York
to see General Manager George II. Rob
inSOn has reached Salt axe on his way
back and viii continue his journey to the
northwest within day or two.
James W NeiII came from Butte day
or two ago to look after business mat
tiers on this end of the line. He reports
The placing of new machinery on the East
Butte as progressing rapidly and says the
company will make a showing during the
rext few months that will astonish the
natives Mr.. NELL is a member OF the
salt Lake Engineering company and IL Is
business connected with that busy insti-
tuition that has brought him here at this
time.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30

estimated tomorrow. 12.0o0. Mixed and
butchers, S6.f3W6.S0; good heavy, S6-6506.S0.
rough heavy. S5.40U6-55: light So 45Q6.So,
pigs, S5.65U6.45, bulk Of sales. S6.504I6.i5-
Sheep-ReCeipts. 10000. market 10 lower.
Sheep. S.600638. lambs, S5.5cNl.15.
Omaha. June 29.-Cattle-R Receipts. 500;
slow 10 10c lower. Native steers. S4501I
90; cows and heifers. S3.00d470: western
steers S3.50d4.60- Gamers. N.f5U2.s5,
stoSaSers and feeders. SZ.15d4G0; calves,
s.. 751f5.75. bulls and stays. s2.7SQ4.5e.
HOgs-Receipts. 11.000, shade higher.
Heavy. S6-50GT6-57iz. mixed. S6.47l2d6.5g.
light. s6-45d650: pigs. $5.50d6.25; bulk Of
sales. S6.47lad6.59.
Sheep Receipts $50: market I5d25c
lower. Yearlings, S5.75d6.40: wethers, $3.50
g6.50; ewes, $5.9006I0; lambs. S6.25GS.00-
Kansas City. June observation-disclosures
800, steady. Native steers. A25fI6.e9.
native cows and heifers. S2.00d5.30; stock
ers and feeders. S2.s5674.50: bulls. 81. 501400.
calves, S2.506f5.50, western fed steers, Sc. Is
a15-40; western fed COWS. - JGfi435.
Hogs-Receipts. 5000. market safe
higher. Bulk of sales. S6.55d6-65: heavy.
S660d6.5o; packers, S6.55d6671z; pigs and
lights. S5.5066571.
Sheep-Receipts. 2O00: strong. Muttons.
S50066-50. lambs S6.O067-S5, range weth-
ers, s5-25d6.50; fed ewes. 81 75d5.S5.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
Afternoon Sales,

Alice l00dS2. 80
Lower Mammoth. fG0150c-
Beck Tunnel. 100HSlc.
New York. ] coca &c seller 50. 1.0O01I26C.
Open Board.
Reek Tunnel. 1O0dS1c: .6OodS0c.
Columbus Con. 125GSS 10: 100GSS.e5.
Lower Mammoth, 100G51c; 1O0d50c, seller
o.
Mohawk .0o0ds1 50.
THOMPSON, 1.100d42c
Uncle Sam. 500d45c.
Victoria. 1o0GS2.S0.
New York. 1.S00d251zc; 1.0o0d25c.
shares sold, 1855
Selling value. S1.1ll.25.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
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 the number of shares sold Accom-
panying the report. which is furnished by
James A Pollock < Co, is the market
letter of Paine, Weber & Co, as fol-
lows.
steady but lacked snap right II ON the
start and was very dull up TO the last
hour. when the sharp break in New York
CaUsei some selling here which forced
prices lower The way the New York
market acts it looks as if we would see
a lower level before any bull move sets in
Z gain. and we ought to be able TO make
some good purchases of coppers on a
scale down in the meantime Quotations:
Sales Omen. High. Low. Close.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-30
Treasury Statement.

Washington. June 9.-TOday's statement
Of the treasury balances in the general
fund exclusive of the $15O,o00.0o0 gold re
serve shows;
coin and bullion, SOC, 99i 719; gold ceTtifi
cafPs $40 h19 40