davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
EXCITED STOCK PIT.
Wild Scenes Enacted on San Fran.
cisco Board as Stocks Climb.

San Francisco. Oct. 30--BefOre room
crowded with spectators and amid a
scene of great excitement the Comstocks
doomed today as they have not done for
many month. The rise in values that
started yesterday afternoon continued to-
day. The advances We're rapid and sew
watched the struggling brokers
Ophir led off with an advance to s. 90
IL was followed by Mexican. which sold
IT 81 70. y big rise from Yesterday: Sierra
Nevada made jump of over 80 points.
selling at 80. Consolidated Virginia sold
at $l.50, Segregated Belcher nearly dou-
bleG in price and sold al 10. EXchequer
OF which an assessment of &c is delinque mt
today, sold at %. Gould & Currie ad-
vanced to 80 Savage sold at $1.25. In
fact. every stock on the list sold higher
When the southern Nevadas were called
the same scenes were enacted. Brokers
fought and scrambled TO fill orders on
the advancing market. The Tonopahs
came first. Tonopah Extension advanced.
TO 3 and Montana 10 S.07b.
Then came the greatest excitement of
all-the trading in the GoldfieldS. The
leaders sold at big advances, all of which
Vanced 3 to S11. Columbia Mountain
made a big jump 20 81, Laguna sold ct
SIS. Jumbo at sS.15 and Silver Pick AZ
sl15. Many Of the low-priced stocks were
also lifted. ORC sold at big advance to
40. Lone Star at IS, Blue Bull at % and
POtlatch at 20.
The balance of the stocks shared in the
advance, but there was no such trading
as took place in the GoldfieldS and the
brokers predict still higher prices before
the top IS rea ched
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
scHWAB COMING TO TOWN.
SAID Steel Masnate Wants to Take a
Peep at Bingham.

X is being whispered around that
CHARLES NJ Schwab will be in Salt Lake
Within q few days and that before he
proceeds to the Bullfrog- Greenwater coun-
try he will be an interested visitor to the
Blngham camp. Nothing authentic was
ohtainable on the subject and il is doubt
ful IL there Is any real foundation in fact
for the report However, il Mr.. Schwab
has become interested IN the Greenwater
country 10 the extent that he is reported
10 nave done, IL may be that he is anx-
ious to see how things are done in some
OF the real copper mining camps OF the
west, where the ore is being dug out and
converted into bullion by actual, living
men and real machinery where there is
something besides dry atmosphere and
fiaIlnS posters to back the market value
OF the shares of the operating cOmpan-
les. II the steel magnate will spend a few
days at Bingham and then take in the
smelterS and mills, he will have some
thing planted in his memory to rummage
over when he hits the Funeral range and
surveys the vast estates he has ac-
CURED there.
Mr.. Schwab has been to Nevada a time
or two and there is no doubt but what he
has valuable properties there. particularly
IN the better known gold camps. So far
as known, he has never stopped in Utah
long enough TO know whether there are
mines here or not. Every prominent OPP
orator il this state would be glad to have
him come here and see how things are
done He might discover that the chances
Tor profitable investment here were bet
ter than he had imagined; he might be-
come convinced that Utah had a few
mines OF her own. real genuine. bread
winning propositions.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
TINTIC MINE OWNERS MEET.
Association Committees Are Begin
ming to Get Working Clothes.

The executive committee of the Unite
Nine Owners association held "A meeting
'esterdaY forenoon ana, while il was adj
mitted that important matters were under
consideration, il was stated at the close
that there was nothing said or done that
could be given publicity at this time at
least. At II O'Clock this morning the
transportation committee of the associa-
t!"n VIII hold meeting and the nresumD-
ton Is that the recent action of the rail
read companies running into Tintic in re-
oucinE the freight rates on law-crade
ores . cents 2 ton viii be considered
These ale the first meetings Of com
nliiteeS OF the association said Secretary
J.. :. Joseph, that have been held since
tao organization was effected. Tie meet
irc pl the transportation committee IN the
D. urning will he the first chance the com
if.ttee has had TO consider ard formally
acknowledge the action or the railroad
oinpanies in giving Us relief That the
'Prnmittee will show irs appreciation OF
tic concession in a formal acknovIede-
Went ] nave no doubt for. while il is not
'0st what we had asked for and needed.
we have figured that il viii mean a saw
ing 10 the shippers Of the district OF about
$500 year. figuring silver. copper and
lead g their present high market values -
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
BIG COMBINATION WORKING
Jumbo-Red Top Deal Believed to Be
Just Starter.

Commenting on the Jumbo-Red Tcp
deal at Goldfeld last week, the Goldficid
News says:
A mining deal of StupendOus propOr-
lions was consummated in Goldfield this
week whereby the control of two Of
IoidfleldS largest mines passed into new
hands. The deal itself not only involved
an immense amount of money. but fore
casts what will prCn. bly, result in one
OF the largest mining mergers known 10
history. The mines involved were the
Jumbo and the Red Top. largely CON
trolled by the Taylor brothers. The stock
sold on the basis OF over s.. O00. 000 for each
property. As "A result OF change in man.
agement. both properties viii now be Cp-
Grated under a mucn more vigorous poi
itv.
1T looks as if GoldfieId was 70 have a
rdnlnS company greater than any other
on the American continent capitalized at
Sso.vyhcD. and owning the Mohawk. Com
hination. Jumbo. Red Top. Combination
Fraction. Goldfield Mining. Florence and
possibly the Laguna. Pending litigation
involving several of the mines in question
would make such combination desirable
and the recent transition Of ownership in
number Of these properties make il al
together probable that such a merger IL
contemplated. The Philadelphia crowd
owning the Tonopah Mining seems TO
have joined Nixon and Wingfield in the
undertaking
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
LAGUNA HAS ORE.
Diamond Drill Prospecting DiscIoses
Two Lodges in Property

The Laguna, which joins the Red Top
and Jumbo, will soon enter the list of
shippers. says the Goldfield News j.
Casey Mcdaniel and Arthur +. Price
have the ore in thei- block of ground and
twenty-five. horse power electric hoist
will be installed with all possible speed.
After a depth of 40 feet was reached
seams of high grade began TO come in
and at $50 feet there is a narrow streak
of genuine telluride ore that assays rs
high as $4,000. The whole bottom of the
shaft is traversed by seams of pay rock
and the indications are that they will
come together either in a drift which is
being extended on the ledge or with q
little greater depth, and form one of the
richest ore shoots ever opened up in the
camp The Laguna COMPANY is opera ting
d diamond drill a short distance north OF
the Mcdaniel and Price workings and
Il can be definitely stated that in sink
ing to depth of about 400 feet two ore
shoots have been run through in doing
this work. The first was entered at q
depth of 100 feet and another at the 300
foot point and il is rumored that still a
third was passed through few days ago
The work of the company in prospecting
with the drill is supposed to be kept an
absolute secret. but enough has leaked in
one way or another to warrant the pub
LEGATION of this news.
The controlling interest in the stock OF
the company is held by Senator Nixon
ard George Wingfield. 1t is stated thar
big working shaft will be put down by
the COmpanV
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
GRAIN AND PROVISIONS.

Chicago, Oct. ga sharp break in the
price of wheat occurred in the first few
minutes of trading, occasioned by liberal
sales Of the December option. The sell
ing at first was attributed 10 local ele-
vator interests, but later ii was said
that the majority Of the wheat was sold
by eastern longs. The denial of the Rus
sian report was tthe chief bearish influ-
enCe. but there were a number of bullish
factors also in evidence. among them the
continued small receipts in the northwest.
higher prices for cash wheat at Mime
apolis. firm cables and an increase of
only 1000 bushels I'm the worlds visible
supply. Shorts were the chief buyers
throughout the day. The market closed
steady. December opened Is higher to =
lower at 1894 TO "a, sold off TO 727s and
closed at 1884
cline in the price OF corn. but the selling
recovered and held steady for the great
er part of the day. The market closed
steady December opened a shade TO L
lower at 1895 to 4312. sold between 1914 1432s
and 43iz61435s and closed at 432sd43JR
Trading in oats was very quiet and the
tone of the market was steady. I'M
proved weather conditions caused some
selling by cash houses. December opened
a shade lower at 5315. sold off to 1885 and
closed at 33i2.
Provisions were extremely dun and tho
market was easier in sympathy with a
decline of 5G10c in live hogs. Shorts were
the principal buyers. January pork
closed 21sd5c lower. lard off 21A and ribs
2111d5c lower.
The leading futures ranged as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
Mining Notes.

Ben T. LLOYD is reported to be doing
things in the new camp of Seven Trougns
Nevada
A L. Jacobs, the well known mining
man and broker sailed from New York
for Germany on Friday last.
Four carloads Of ore from Alta. two
from Stockton. two from Bingham, one
from Milford and one from Ophir were
reported at the Pioneer sampler yester-
day morning.
Twelve ears of ore from Tintic. two
from Nevada and one from California
were released from the Taylor & Brunton
sampler yesterday morning
Manager John Paradise had heard moth
ing from the Columbus yesterday. He ex-
poets Superintendent David Fisher down
fIOm the mine on Thursday or Friday.
A fifty-ton carload of ore from the Ne
vada Hills companys property was be-
ing sampled yesterday. a carload that
other that followed il should both be at
the sampler now. That they will both
show up before the week is over, unless
the railroad company has side-tracka
them somewhere. is certain. The COM
pany is rolling out good tonnage now
Reports from the Nevada Fairview indl-
cate that development is showing the
property up in fine shape. From the
shaft workings good ore is being obtained
and one-foot streak of il is averaging.
better than 1922 per ton in silver and gold
first thing you know the company will
be at the smelters with its initial con-
signment. Before hauling can be done a
piece OF road Will have to be built and
teams scarce article over there, will
have to be obtained to do the hauling.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
STOCK MARKET
IS NEGLECTED
Less Activity Apparent Than
During the Dizziness TO
Summer Season.
PRICES REMAIN STEADY
LITTLE DRIFT IN EITHER DiREC-
TON.
PRICES REMAIN STEADY

New York, Oct. 3e.-The stock market
was in a lethargic state today. The
scale of activity was smaller than i'm the
midsummer period. There was some Diff
ficulty in perceiving any defined drift in
prices at any time and the narrow move
ments were never long held. There re-
NAMED still some disposition 10 see the
election contest settled before entering
on stock market commitments. The rise
in call money rates, attributed TO the
beginning of preparations for the Novem-
Der settlement. offered further sugges-
ton of a deterrent factor. There was a
continued discussion also of the lack of
reflection in the bank statement of last
Saturday of the real operations of the
week in money matters. There is the
oehef also that additional credits must be
secured by international houses later in
the week when shipments Of securities ar
rive which were closed out at last weeks
stock market settlement in London and
on which payments will become due
when the securities arrive. The sub-treas-
ury continues to draw from the local
banks with resulting increases of the gov
eminent holdings Of surplus funds out
CT reach of the market
A good effect upon the foreign exchange
situation is expected from an agreement
made by the railroads for the immediate
transportation Of 100000 bushels OF grain
TO enable exporters TO fulfill October con-
tracts. No dividend day since the for
nation of the United States Steel cor
poration has passed with less attention
by spectators or operators in the stock.
Active operations are the rule on the
result of a dividend meeting, even though
1t is usual for the market to close before
the action OF the directors is announced.
United States Steel covered an extreme
range of only five-eighths today and the
last price was unchanged from last night
There was vigorous advance in all of
the Mexican Central railway securities.
Otherwise the market was practically bar
rem of incident.
Bonds were irregular. Total sale< (par
value), 1902 600.
call
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
MINING STOCK EXCHANGE.
Market FIuctuates Enough to Make
Things LiveIy-New Listings.

During yesterdays trading on the min
ing exchange a total OF g.. 407 shares of
stock, with a selling value of $Si,0o7 %:
changed hands There was enough IF
nuctuation in the market to make things
interesting TO the great crowd of spec
tators. Fairview Eagles Nest and Lou
Dillon, two OF the l.. NJ Sullivan promo
lions which have been dealt in on the
open board for several days, were listed
The former was not dealt in. but the
latter was lively. particularly in the aft
ernoon, when nearly i0,ce3 shares changed
hands at 3Sc to 2415c. with final sales at
22lac. Eagles Nest closed at 40c bid and
43c asked.
Columbus Consolidated weakened to
s6.75, Daly-Judge was steady to strong
and Daly-WeSt came out with twenty
shares on a bid Of $50. %. Lower Man,
moth shot up to S5c and the balance OF
the list behaved first rate.
Following is the list of final quotations
and record of sales made during the two
regular and open board calls:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
TWO NEW STOCKS LISTED.
Fairview Eagles Nest and Lou Dillon
Now Members of EXCHANGE.

Two rev stocks were listed on the To-
cal mining exchange Testerday-the Fair
view Eagles Nest and Lou Dillon Both
are promotions Of the l.. NJ Sullivan
Trust company of Goldfield.
The Fairview Iagle's Nest property at
FairYiew is located only a few hundred
feet from the famous Nevada Hills mine
while il adjoins the Fairvicw Eagle and
other well known properties OF that ran
idly growing silver camp. It's shares were
first offered TO public only q few weeks
ago at Csc share. II starts on the local
exchange at 40c bid and 43c asked
The Lou Dillon proposition has been on
the market but a few days. It's original
issue at coo has been exhausted and the
stock is selling at an advance Of Sc 10 &c
share and lively at that The property
flauks the famous Silver Pick on tho
west. while the property OF the GodfIeld
Mining company. the Combination. Junn-
no. Red Top and the Mohawk are all near
eighbors.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
HEADWAY AT ONTARIO.
Second Drill Hole Gets Water Before
Tunnel Is Reached.

Advices from the Park yesterday were
to the effect that while the second dia-
mond drill hole from the side drift
through TO the main Ontario drain tunnel
had not been completed, the water was
coming in at a great rate and that il
was positively assured that the second
hole would not be a failure. The hole
would have been through quicker had
not some little trouble with the compress
sor plant delayed matters a few hours
The news that water was gushing into
the hole came late in the afternoon and
there is little doubt that before this pa
per reaches its readers the hole will have
been completed and possibly another one
started. 1t is believed at the Park that
the real unwatering OF the mines has
commenced and that rapid progress Will
be made from now on.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
Metal Markets.

New York, Oct 20.-The London tin
market was higher today with spot stead
a GlS3 5s and futures at eI94 los. -I.o-
caiIy the market was firm in choice with
spot firm at 1920 and S42.60 asked
Copper was los higher at EOS 26s Cd for
spot and eos lis co for futures in the
London market Locally the market was
quiet and unchanged with lake quoted at
sZl- t?g22-SO; electrolytic at S21-50d22OO, and
casting at so. 2562175
Lead was unchanged at $5.75d5 o. in the
local market. In London the price was
5s lower at s1S.
Spelter was unchanged at CT los in
London. Locally the market was quiet at
S620d6.30.
Iron was higher in London with stand
ard foundry quoted at 57s cd and CIeve-
land warrants at 5Ss. Locally the mar
ket was firm. No. ! foundry northern is
quoted at $24- $4,000: No do do at
So 175li24.50; No. do southern. s24OOG2f. n
and No. do do S24 0DT245O
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31

tCrial wool are in transfer, three-eighths
and half blood being in special request
In pulled woods. fire and Supers are pur-
chased more readily at 63G66c and SD
6Oc respectively, Foreign grades are firm
Quotations:
choice, 63G6Sc; northern good. 65667c; mid
die county, 64d65c; southern, 63d63c; fall
free. 56el57c
Oregon (scoured baSs). western staple
l0QI2c: eastern No. I clothing 67G6Sc: val
ley No. l. 60d62c.
Territory. staple (scoured basis). fine
UnIZc; fine medium, 6SGD1Gc; medium, s.
G6ec.
Territory, ordinary (scoured basis). fine
6Id6Sc; fine medium. 65066c; medium. So
CSC.
Colorado and New Mexico, spring
tsCOured). 6SdT0c; No. l. 6f666c
Pulled woods (scoured basis). extra 90
q1c; fine A, 63Q66c; A supers, 57G60c; 3
SuperS 49ff53c
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
Money, Silver, Etc.

New York. Oct 30.-Money on call
strong. 496 per cent; ruling rate. Is, per
cent; closing bid. per cent: offered at
per cent. Time loans strong: sixty
days, per cent; ninety days. Ga per
cent, and six months, per cent.
Prime mercantile paper 6d615 per cent.
Sterling exchange firm. with actual
business in bankers bills at .S565G4. $50
for demand and at 4.S060a4 1865 for sixty
DAY bills; posted rates. 4.S112d4 ssh
Commercial bills. 4SOIs
Bar silver. 70i4.
Mexican dollars. 54Ss
Government bonds steady: railroad
bonds irregula-
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
Coffee and SUGAR.

New York, Oct. 30.-Coffee-Spot Rio.
steady; No. invoice. Sc; mild. quiet.
CotIee futures closed steady unchanged
20 10 points lower. Sales were reported
OF l39CO bags. including December at
ssoe;daOa6zO; March, Se.4006.45; May, $3.50
$50; July. ss.70G76 10: and September Sc. s.
G6.90
Sugar-Raw. quiet; fair refining. 3 7-16c /;
centrifugal, 90 test. I5-16c; molasses su-
gar, 3-l6c; refined. steady
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
Wool Markets.

Boston. Oct. 30-The wool market is
more active than at any time this wear
and sales of immense magnitude are nm
der way. Many of the leading buyers are
here gathering in wool and II is said
purchases.
II is stated that the large transfers of
Montana stock were made at a round fig
ure Of 261zd2s for the half and three
eighths olood. Great quantities OF terri
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
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 L. Pollock & Co, is the market
letter Of Paine, Weber & Co., as follows:
Boston, Oct. S.-Nipissing on the curb
record price Of 3324. The local coppers
were very dead and showed no fluctua-
ton. We see evidence Of good buying in
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
Afternoon Sales.

Carisa-1G0G62c; 10C96lc.
Daly-Judge-150dsl1. BIZ.
Lower Mammoth-5OOaS9c; 6Oo0S2c; 1909
Sic: 100dS0c.
May Day. 000G15c
Lou Dillon-3, 600d34c; 590G33c: 10000
331zc; 3.00OG34i2c. buyer 80.
Star Con-, 5OO014c.
Black Jack-350@e4c.
Dalton, O00n$4c
Scottish Chief-2,0 0Oa13c; 397a12Iac
South Columbus-1G0n55c
Victor--3. 000G9zc.
Yankee-IO004 7c.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
Open Board.

Beck Tunnel-1O0Gs1 20: 4006s1 .221s
Colorado Mining--100HS6c.
Columbus Cop.-l00dS7. -. buyer 50; JOfr
s.. 10: 100dS7s %; 100d$6.S0.
Carisa-5DOd62c: J90Q63c buyer SO.
OBSERVATION-DISCLOSURES 80.
Grand Central-6010S3. %.
Lower Mammoth. O0O0S4c. buyer 80:
1,500JS9c. seller 80; 4000S3c; 1,6eO9S2c; 3. 100
GS4c: 100dS5c.
Silver Pick-1006s1 Is
Victor Con.-2.5eo09l3c; 10o0d9l.c
Shares sold. 81 $40.
Selling value. 81, 009.J0
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
BuIIfrog Stocks.
Manhattan Stocks
Forenoon Sales.

Carisa-500a63c. buyer 50; 1.0O0G63c: 700
G6ic. buyer 90
aly-Judge-l00GS11.J 30
DAILY West-lUdt20 %
Lower Mammoth, O00dS4c; 50O1S3c.
May Days. 000G14i9c: 1O0061jc.
Nevada Fairview-JoJd31c
Lou Dillon-1. 000d32iac.
Uncle Sam-100G40c.
Black Jacl1-2oolq Coo; 1GOG6lc
Colorado Mining-S00dSJc
Little Chief-2OO01l71Ac.
New York;, 0OeG271:c; 1o0127c.
Victor CON- 1O0Q9c; 2.00od9i4c: 10o1fI
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
New Company Incorporates.

The California Corona Mining & Milling
company filed articles of incorporation
with the county clerk Yesterday for a
general mining and milling business. The
capitalization is for 100000 and the
shares are held ct s. ". J. Craig is
named as president: j. W. Curry. vice
president: O O. Howard. treasurer. and
w. II. Zehring. secretary. The directors;
are A. T. Stahl, A. ". Smith and II. y.
Shepard. The company owns a group Of
seventeen claims in San Bernardino coul-
~, California. in the New York district.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
San Francisco Mining Stocks.
Ore and Bullion.

| Ore and bullion settlements in this city
yesterday. as reported by Mccormick &
! Co, amounted to S9O,Vo as follows: Sill
YER lead. gold and copper ores. $26000;
! base bullion $4,000.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
Treasury Statement.

washington, Oct. 30.-TOday's statement
of the treasury balances i'm the general
fund, exclusive of the sl5O.OO0OOO gold re-
serve, shows: Available cash balance.
SZ2S.04SO25; gold coin and bullion. $40 -
81. 632; gold certificates. SiS. 10S $40
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
Metal M arkct.

Silver. 70lIc per ounce.
Copper (casting). DISC per pound.
Lead. $50 per 100 pounds.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-10-31
Butter and Eggs.

New York Oct. 0.-Butter-Unchaneed
skins. Sd101sc.
Eggs-Firm; western firsts. 25a26c; sec
onds 23d24c.