davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
BINGHAM CON. PRESIDENT
Is OUT FROM BOSTON

E. l.. White, president of the Bingham
Consolidated reached here last night and
was clOseted with Managing Director
MacVichie and other members of the COM
pany's staff for a portion of the day. He
declined to be interviewed until he had
had chance to look into the cOmpany's
affairs. He went down to the smelters
during the afternoon and will likely take
in the mines of Bingham and Tintic todfy
and tomorrow.
1t is suspected here that his visit is
OF more than ordinary importance and
that it may result in a close-down of the
Bingham smelter and a further curtail-
ment of the forces at the companys
mines
There has been a great deal of specula-
ton lately as TO what might happen to
the Bingham Consolidated company and.
judging from the news that has come
from Boston and New York, it seems
likely that the company will go out of the
smelling business altogether and arrange
for the handling of ores from its mines
in the smelling works to be erected by f.
A. Heinze interests on the southern shores
of the lake, beyond the Garfield works
Whether these are matters being consid-
cred particularly by President White at
this time is not known, but the probable
tiles are that he will discuss his visit and
its significance before returning to Bos-
ton,
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
DALY-JUDGE MINE
NOT TO CLOSE DOWN

The rumor from Park City to the effect
that the DAILY Judge company would close
its mine down within few days has no
foundation in fact. On his return from
camp last night, after having discharged
the September pay rolls, Manager George
as closing down had not been consid-
cred.
4" "A few days ago." said Mr.. Lambourne.
the smelling company officials told me
that their yards were congested with cars
and asked me if we could not ease up on
our shipments for a few days until they
mad some room. In granting the request
L had TO ask the contractor who hauls
our product from the mine and mill to let
up Tor short time. l presume it was
from that that the idea gained currency
that the mine was TO be closed down. AS
long as the metals remain within reason
able distance of where they are today
have no idea that the DAILY Judge com
pany will suspend operations"
Mr.. Lambourne stated that the people
of the Park Were pretty blue over the
close-down of the DAILY West and Ontario
and other Bamberger properties and there
was, he said, great many miners who
deplored the condition of affairs that ex-
ISIS there. While at camp he was told
That the DAILY West officials had been adj
Vlsed that the walking delegates or or
Sanizers of the miners union were al
lowed free access to the workings of the
Daily Judge mine, the statement being ad-
Vanced as reason why the DAILY Judge
company should accede to the unions de-
mand in this respect. Mr.. Lambourne
declared that nobody representing the
union was allowed any such privilege in
the Daily Judge mine.
We employ men to work in the DAILY
Judge property" said Manager Lam
bourne, and we do not permit ANYBODY
10 interfere with them while on duty
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
-FOUR DIVIDENDS
BY UTAH MINES
Beck Tunnel, Colorado, Grand
Central and Utah Mine Com
pany All in Line.
COLORADO CUTS IN HALF
BECK TUNNEL TRIMS DOWN TO
TWO CENTS.

Four Utah mines posted dividends yes
terday that will call for the checking
out of $4,000 during the next couple of
weeks.
Colorado is to pay cents. or $4,000
Beck Tunnel Consolidated, cents. or
$4,000.
Grand Central, cents. or 1880.
Utah Mine company of Fish Springs, ?
cents, or $1,000
AS stated yesterday morning, the Colo
radios dividend is only one-half of what
st was last month and, as compared with
its last payment, in August, the Beck
Tunnel distribution is one-third less. The
payments ordered by the Grand Central
and Utah Mine companies are the usual
monthly amounts. Now that the fashion
Is to measure everything by merit and
real worth-cOmpanies by their capitali
cation and ability to pay-it will not be
out of place TO call attention to just
what these dividends mean. The total
amount paid by any company means
nothing more to the individual share
holder than the sum which he receives
OF the shares he happens to own. There
fore. while the Beck Tunnel company,
with its 100000 shares. has to go down
in it's treasury for $4,000 to give it's
stockholders 2 cents a share, the Utah
company is able to do just as well by
Its shareholders on an expenditure of
5000. A disbursement of 5000 on the
part of the Utah Mine company would
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
NEW DRILLING RIGS
READY TO BORE AT VIRGIN

letter from e. l. Ferree. field man
ager of the Southern Utah and Southern
Utah Oil companies, which are making
ready to sink wells in the Virgin City
field, was received at the local offices of
these companies yesterday. While the let
ter related principally to his companies
business affairs. the writer found room
to say that Halahand and Bussey, the
field men of the original Rhyoite COM
pany, had just about got things in shape
for the starting of a new rig on North
creek, about mile north of Mountain
Dell. They had promised, the letter said.
to have well brought in within fourteen
days from the time the drill made its
first stroke.
All of the material and equipment FOR
the boring of the first two wells by the
Los Angeles-Utah company, of which
George Montgomery is manager. is report
ed as delivered at camp. One rig is be-
ing moved on to ground to the south of
the Southern Utah company's posses
sions and the other is going to a location
some distance to the north. All of the
stuff was on the ground on the 18th, and
the expectation is that drilling at both
places will begin before the month is
over.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
Mines and Mining Stocks

enrich its individual shareholders to the
same amount per share as calls for $780,
coo on the part of the Colorado COM
pany.
In the face of these self-evident facts
1t seems almost incredible that shares
in 1,OOO.Oo0-share company, with no
greater earning capacity, share for share
than company with only 100000 shares,
should sell for several times as much
If Beck Tunnel. to illustrate, is only ca
pable of earning cents a share per
month, and it has not done that well
regularly for any length of time, sells
for 81 a share, why should not the stock
of the Utah company. which treats its
shareholders just as literally, bring $40
share? Anyhow, these are things which
are beginning to attract attention these
days, and there is no doubt but what
they are having weight in the stock mar
ket
Books will close on the Beck dividend
on the 18th and payment will follow on
the 10Th. Colorado pays on the 18th and
books close on the 10Th. Grand Central
Will pay on the 18th and books will
close tomorrow, and the same dates APP
ply to the Utah Mine company.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
Mining Notes.

Eleven cars of ore from Utah two from
Nevada ana one from Idaho mines were
released from the Pioneer sampler yes
terday.
The Silver Shield company has levied
a 2-cent assessment. This is a cut of
l cent as compared with previous lev
ices.
The new engraved certificates of the
Ohio Copper company. the Maine incor-
poration, are beginning to make their ap-
pearance in town.
Manager George II. Dern of the Con-
solidated Mercur properties was in from
camp yesterday signing up checks with
which to discharge the September pay
roll.
Manager Ernest Bamberger of the DAILY
West returned from the Park last night
after having held a fruitless conference
on the labor affairs of the company
with miners union representatives.
Manager Tony Jacobson is back from
a trip to the Columbus Consolidated and
South Columbus at Alta. He says there
is nothing new to report at this time,
though both properties are looking fine.
There were released from the Taylor
& Brunton sampler yesterday nine car
loads of ore from Utah, five from Ne
vada. three from Idaho and two from
Colorado mines.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
MINING STOCK EXCHANGE.
Scramble to Unload Sends the Mar
ket Down the Line Again.

Wednesdays temporary lull in the de-
scent of stocks on the local exchange
they continued to slide down the tobog-
gan yesterday. The cut in the Colo
RADIO dividend was not taken kindly, as
it deserved to be, and that stock suf-
fered worse than most of them. The &c
dividend of Beck Tunnel did no good,
either, for the stock fell more rapidly
after the announcement than 1t did be-
fore. Everything, nearly. was shot all to
wilder than it has been on any day since
the slump began.
Bottom ought to be in sight. Whether
it is or not, remains to be seen. One
thing is known. and that is that there
are heavy short interests in some of the
stocks yet, and those who are short are
still holding off in the belief that they
can , cover at a greater profit than the
the other hand, that weak-margined
interests have been pretty well cleaned
up and, IL there are no new conditions
to brighten present holders. healthy
reaction may come at any time. Metal
market conditions are no better than
they have been for some time and the
rapid fall Of silver is beginning to have
its effect.
Some members of the exchange believe
that holders of high priced stocks who
have weathered the storm and who may
be able to do so should now begin to
average down the prices of the stocks
they possess by buying more, the assHr-
ance being held out that many a bad
bargain may be transferred into profit
able transaction by so doing. This re-
view of conditions takes a glance at the
market from nearly all standpoints. 1t
is up to the investor and speculator to
find consolation in it.
During the two regular and open board
calls a total of 1880 shares of stock.
with a selling value of sS3.232 changed
hands. Following is the list of final quo
tations and record of sales made during
the day:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
BALAKLALA'S NEW BONDS
COPPER GOING TO CHINA

Boston bulletine over the Pollock private
wires yesterday contained the following:
The new issue of Balaklala bonds will
be 100000, the bonds being in denomina-
tons of 500 each. In addition to raising
new money, ii is proposed to refund
cent bonds
resolution will be passed authoriz-
ing the Boston & Maine company to issue
bonds to an amount exceeding S6,000,0G
for the purpose of providing means for
funding the company's floating debts and
for the purpose of paying money borrowed
before Improvements, etc. The bond issue
was voted by Ia 761 shares
Space has been reserved on the steamer
Vandalia, sailing in the near future for
200 tons of copper bought some time ago,
which is to be shipped to China. There
was a cable inquiry in the market yes
terday from several Shanghai importing
houses for 800 tons of metal
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
BIG DISCOVERY
EXCITES LOGAN
Ogden Men Find Mountain of
Lead Ore in Blacksmith
Fork Canyon.
MANY OUTFITS LEAVE TOWN
SALT UAkER OFFERED $500 TO
BE SHOWN THE GROUND.
Especial TO The Herald.)


Logan, Oct. 10.-Considerable excite
cles today by reports concerning re-
cent find in Blacksmith Fork canyon, by
Captain Silvey and II. ]. Smith. two
Ogden prospectors. On Sept 20 Silvey
and Smith located a claim called the
Hidden Treasure, and Tuesday, while
surveying on the claim a lot of large
and small boulders of cube galena were
found on the surface of the ground. What
else was found, or whether anything else
was found, is not certain, bug samples
of the ore shown to a Salt Lake man
caused him to offer 500 to anyone who
would take him TO the claim, the where
abouts of which he could not learn.
This offer, it seems, Is the cause of
the excitement. Several outfits are pre-
pairing to go out and secure some claims
and there is all kinds of wild talk going
on. Captain Silvey was in town today
and he said to The Herald correspon-
dent that he and his partner located
claim called the Hidden Treasure on
Sept. 20, at the head of Bla cksmith Fork
canyon, upon which. he says, there is
a mountain of milling ore which aver
ages about 81 to the ton. II isn't a mine,
he says-simply quarry, with millions
of tons of the ore in sight, but while
claiming Tuesday they ran on to the ga
lena mentioned. 1t is rich in silver and
Siivey says they found the ledge from
which ii came. He says men will go to
work on il next week and that there is
every prospect of a concentrating mill
being put up there~nex spring. Joseph
A. West of Ogden is interested with Sill
vey and Smith.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
MOUNTAIN CITY WAKING UP.
Recent Developments and Strikes Are
Making the Old Camp Hum.

According to j. NJ. Erwin, prominent
business man and mining operator OF
Mountain City, In the northern portion
of Elko county, Nevada, who is now
in Salt Lake for the purpose of inter
esting capital in a proposition of his
own. there is a great deal of activity
up there. One evidence of this is found
in the fact that Mr.. Erwin and s. p.
Cronk have built a thirty-room hotel du-
ring the summer and it will now soon
be furnished and ready for occupancy.
In the same building a public hall 1Sx24
feet has been provided in order that the
lively little community might have a
place in which to hold social, political
and other gatherings.
Right in town Mr.. Erwin holds title
to eight mining claims which are being
opened by tunnel and in which there is
a strong contact ledge between a gran
lite foot and porphyry hanging wall that
shows up ore worth from $32 to $50 per
ton. This is the proposition that Mr..
Erwin is trying to interest local talent
in and he is sanguine of success
The Protection Mining company. COM
posed of Boston crowd, now owns the
old Walker property and. under the man.
agement of William Willis, 1t has been
doing well for the past two years. 1t
is operating a ten-stamp mill and, at
depth of 200 feet. it has now exposed
four and one-half feet of $500 ore. 1t
has been shipping exceptionally high
grade concentrates and crude ore that
a ton for a long time. The product is
hauled to Flkc, a distance of eighty
five miles, and shipped to the smelters
here.
The Silver Bell company, organized by
big Goldfield operators to handle the old
Resurrection property. is now installing
a gasoline hosting plant and will pound
shaft down for not less than 800
feet
The Mountain City property, that was
at one time under bond to Samuel New
house, is now being operated by the own
ers, j. B. Hall and James Tibbetts. They
have recently opened four feet of fine
ore within, a short distance of the point
reached while the ground was being
opened by Mr.. Warehouses; representa-
tives, and they apparently have a big
thing.
The Skaggs property one mile from
Mountain City, is new discovery, and
Mr.. Erwin says that the Los Angeles
crowd which has purchased II is sink
ing in a four-foot ledge that shows eight
inches of ore that is running from 500
to $500 in gold per ton.
Other properties in the district are be-
ginning to be heard from and the hills
are full of prospectors from the south
ern camps, who are just beginning to
appreciate that northern Elko county is
the richest mineralized section of the en-
tire state of Nevada.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11

Boston. Oct. 1o.-Everybody was pessi-
mistic again today and the situation looks
very blue. The market is still going down
very slowly. General business is suffer-
ing reaction all around and money is as
tight as ever. 1t looks now as if copper
would be forced down further and this
will carry down the stocks. Most of the
copper mines are long of copper and short
dends entirely unless they can sell their
product. OF course this position can be
Iemedied in day by big sales, but there
is no prospect of these at present. Butte
Coalition and Old Dominion made new low
records Good buying of Green Cananea
was in evidence. One house with western
connections sold 800 Calumet & Arizona,
breaking the price to 49,
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
BIG COPPER STOCK
SUITS ARE COMPROMISED

Los Angeles. Oct. 10.-Through a COM
promise reached cut of court civil actions
involving $4,000. pending in the courts
of this city, Boston. Duluth, Tucson and
Tombstone Ariz. have been ended. The
actions involved large amounts of stock
in rich copper properties, notably the
Cananea Central Mines company and the
Greene Cananea Copper company.
Lycurgus Lindsay of this CITY and
Thomas F. Cole of Duluth were opposed
to Colonel Epes Randolph. representa-
tive of the Hartman lines in the SOUTH
west. II is stated that the compromise
gives Cole and Randolph about 500 900.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
COPPER STOCKS IN
BOSTON AND NEW YORK

Following is the daily market comment
of Paine, Weber & Co, Boston, together
with the range of prices of copper stocks
and other Boston listings in which the
west is interested. as well as a similar
report on New York curb transactions, a
feature that has been added recently by
James A. Pollock s, Co. to its private
wire service, and from which it is Sc
cured for use in this department of The
Herald.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
D0INGS OF UNLISTED
STOCKS ON EXCHANGE

Unlisted stocks were not in the running
at all yesterday. Bingham Standard made
a sale or two at 25c and Copper Glance
dropped back from 1Sc to lie. Silver King
Coalition was offered at S475 and Ohio
Copper was quoted at So 80 and $3.50
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
Ore and Bullion.

Ore and bullion settlements in this city
Yesterday. as reported by Mccormick &
Co, amounted to $4,000. as follows: Sill
yer, lead, gold and copper ores. $50
600; base bullion, $4,000
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
NJ etaI NJ arkets.

Silver. $3.50 per ounce.
Copper (casting), 14c per pound
Copper (cathodes). 1414c per pound.
Lead, s4.75 per 100 pounds.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
Stocks In San Francisco.

The closing quotations on Nevada
stocks in San Francisco yesterday. as re-
ported over private wires of James A.
Pollock & Co. were as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
Utah Lithosraphing Company,

4547 Richards Street
Stock Certificates, Bonds and Diplomas.
Bank Quitting and commercial sta
tionery speciality.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
Forenoon Sales.

DAILY, S0dS1-25.
Lower Mammoth, 5OOa$2. 40; SOO@s2. IS; 800
ds2. 4212.
May Day. 3OOd61c.
Star, 1OOGS6c; /. 6OOG35c; 1.oood3nlc
Uncle Sam Con-, 9eeas1.9O; 1,2oOGs1. 27iA
40000S125
Beck Tunnel. 1.0ocds1. 25: 6sOOds1. 221b.
Black Jack, 5O0G34c; 1,6O0d3ec: 9OOd35c:
1OG63615c.
Colorado Mining. 4oOGs4O5: 2OOas41o; 100
as4O7IL: 2O0Gs4. O2lb: 60Ods4OO seller 30
Victor Con, 1.500612c.
Daly-Judge, 150Gs4621R
Crown Point 100G47c; 100G46c; 2c0d45c;
], 900d42c; 1.600d43c: 1e04421ac.
Iron Blossom, 1o0d54c; f,400d53c; $1,000
Little Chief 5ooasc
Mountain Lake. 1OOq47c; 1OOa46c; $500
G45c.
South Columbus Con-, 200ds1.30.
Sioux Con-, 4O0d34c: 4.000d331ac.
Seven Troughs, 10Od35c; 9O0@34c
Open Board.
Beck Tunnel. 1SOcqs1.2214; 2oOas12o; 100
Columbus Con. 1O0Gs3. 10; 10ods9.25.
Colorado. 10OGs4.00, buyer 30; 1oOds4.O 21k.
Crown Point, 4OcG45c; 100943c.
Iron Blossom. 3.00OG54c; 300d53c; 2O0G55c.
Lower Mammoth, 1oOGs2.3 BIZ; 1OOas2S5.
Seven Troughs, 1.0ood34c.
Dromedary Hump, 500d34c.
Uncle Sam. 1.000dS1.25.
SHARES SOlus %. top
Selling value. SAG. $3.50.
Afternoon Sales.
Little Bell. 2o0d94c.
Lower Mammoth, 100Gs2.25.
May Day, 1.o0o66oc 100d59c; 1,000a5sc;
7.6OOd57c; 3.Oo0d56c: 1.0OGd57c, seller 60.
Silver Shield. 5GOG31zc
Swansea, 19Q@90c.
Uncle, Sam Con. 41OOds1. 20; 1Ooasi 221a,
buyer 50.
Beck Tunnel Con-, 1,S00ds1.10; 1,0oGds1. 10,
seller 60: 3O0Gsl .1215.
Colorado Mining. 900ds395; 10odS3.90; 900
0S3.S5: 500GS3.S5, seller so; 1.000ds3.S2 SPY
Crown Point, 500G42c; Google; $1,000
40c: 500d39c. seller 90
Iron Blossom, 200d53c.
Little Chief. 2,0O0d9c.
Mountain Lake, 700d44c.
Seven Troughs. 500GS3c, buyer 80.
Victor. 50oG12c.
Yankee. 100@57c.
Open Board.
Ajax, 300gS4c.
Beck Tunnel, s1.o00Gs1.1o
Crown Point, 100Q40c: 400d39c.
Lower Mammoth, 900dS2. 20; 1000 s.. 1715:
2004s2.15.
Mountain Lake, 5o0a44c.
Sioux 5O0Q321ac; 500Q32c.
May Day, 20OG57c
Iron Blossom, 350G53c.
Shares sold. 1850.
Selling value, 36,3s35o.
Utah Lithoqraphinu COMPANY.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11
Union Assay omos.

81 s. Eanauer. J. v. Sadler
152 So West TemrIe. p. o. Box 144G
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-11

Ask for that NEW BREAD at your
grocery. Vienna Walnut Bread
Free press., 1907-09-28

Why should 1 use Hughes Crescent
Cottage paint? Because it is pure paint,
contains no water or Barytes. Do
some manufacturers put water in
paint? Yes; some paints on the mar
ket contain 25 per cent of water. Why
water put in paint? Answer. To
cheaper it. Is that the only reason?
Answer. No What else does water
do in paint? Answer. It makes
paint look thick. What is the object
of that? Answer. To cause the
people to believe they are getting more
for their money. In what way? An
swer. Paint makers furnish the
water which costs nothing and then
you furnish the oil. You are the
4" cats paw" Now you may ask and
say this is broad statement, but don't
take our word for it, come and see US
and we will prove it to you.
HENRY Wolf & Son.
Free press., 1907-09-28

This is the time of the year VIII en- all
poultry is and subject to various ills.
Feed them Prussian Poultry Tonic,
which viii help through moulting and
start them to laying before winter
sets in. For sale by, C. A. HARNESS.
45-tf
Free press., 1907-09-28

We have opened the Kreuger Elevator
and keep on hand at all times -four and
feed. We Will endeavor to serve you
with good goods at fair prices. 45-tf
1. M. Yost Milling Co.
Free press., 1907-09-28
Men wanted

Thirty common laborers wanted a
once to work at the new town O.
Yocemento. See or write U. S
Portland Cement Co.
Hays, Kansas. 39-tf
Free press., 1907-09-28

I have fine Registered Bird Dog
for sale. Dog has worked one season.
See or write Mrs. Frank Gehrer, Hays,
Kansas 45-2t
Free press., 1907-09-28

Remember J. H. Spratt has an
agency for the state text school books.
42-tf